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Aps safety systems ltd
Registration Number
SC356962Incorporation Date
20/03/2009Last Annual Return
Not availableAddress
Unit 1, Invergyle Court, Broomloan Place, Glasgow, Lanarkshire. G51 2JR
Website
www.apssafetysystems.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr Mark Dolan (58 yrs)
Active
Mr Christopher Ian Peat (43 yrs)
Active
Mr Damian James Tracey (60 yrs)
Active
Mr Christopher Milburn (59 yrs)
Active
Mr Neil Russ (53 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 2456 | 2473 | 3011 | 4016 | 4739 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 1352 | 1519 | 1830 | 2476 | 2922 |
| Value Added | 909 | 1011 | 1015 | 1830 | 2300 |
| Trading Profit | 116 | 270 | 210 | 921 | 1325 |
| Depreciation | 23 | 8 | 10 | 75 | |
| Non-Trading Income | 0 | 0 | 0 | 54 | 0 |
| Total Interest Charges | 9 | 35 | 61 | 0 | 0 |
| Pre-tax Profit | 84 | 227 | 139 | 900 | 1235 |
| Retained Profit (Shareholders Funds) | 111 | 295 | 215 | 891 | 540 |
| Fixed Assets | 132 | 123 | 242 | 288 | 346 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 48 | 44 | 299 | 437 | 516 |
| Debtors | 948 | 1851 | 713 | 579 | 683 |
| Cash or Equivalent | 106 | 154 | 148 | 1376 | 1543 |
| Total Current Assets | 1102 | 2049 | 1160 | 2392 | 2742 |
| Creditors | 73 | 91 | 76 | 143 | 194 |
| Short Term Borrowing | 168 | 230 | 208 | 259 | 0 |
| Other Current Liabilities | 493 | 1058 | 100 | 344 | 413 |
| Total Current Liabilities | 734 | 1379 | 384 | 746 | 607 |
| Net Current Assets | 368 | 670 | 776 | 1646 | 2135 |
| Shareholders Funds | 498 | 793 | 1008 | 1899 | 2439 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 2 | 0 | 10 | 35 | 42 |
| Total Capital Employed | 500 | 793 | 1018 | 1934 | 2481 |
| Pretax Profit Margin % | 3.42 | 9.18 | 4.62 | 22.41 | 26.06 |
| Sales Growth % | 136 | 1 | 22 | 33 | 18 |
| Pretax Profit Growth % | -17 | 170 | -39 | 547 | 37.22 |
| Debtor Ratio Days | 141 | 272 | 86 | 52 | 52.4790836653386 |
| Creditor Ratio Days | 11 | 13 | 9 | 13 | 14.905328685259 |
| Stock Turnover | 51 | 56 | 10 | 9 | 9.1899313501144 |
| Sales £000 / Employee | 107 | 108 | 143 | 183 | 200.800000000001 |
| Value Added £000/Empl. | 40 | 44 | 48 | 83 | 97.4576271186445 |
| Av. Remun. £000 / Empl. | 34 | 32 | 38 | 41 | 41.3181818181818 |
| Total Empl. Remu. £000 | 793 | 741 | 805 | 909 | 975.109090909086 |
| Employees | 23 | 23 | 21 | 22 | 23.5999999999999 |
| Pretax Profit/Total Assets % | 7 | 10 | 10 | 34 | 40 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 33.4% in the latest year, well above the industry average of 6.5%.
- Gross Profit Margin is 61.7% in the latest year, well above the industry average of 44.6%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 22.4% in the latest year, well above the industry average of 8.3%.
- Pretax Profit Margin has markedly improved from 4.6% to 22.4% in the latest year.
- Formal debt of the company has increased by £51,000, a rise of 25%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 3 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 13 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 11 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £4.0m sales and made £900,000, by following the proposal plan, sales would rise to £4.7m and profits would rise to £1.2m.
Key Attractiveness Features
- ADD £4.0m TO SALES
- ATTRACTIVE PRICE
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 2456 | 2473 | 3011 | 4016 | 4739 |
| Pre-tax Profit (£000) | 84 | 227 | 139 | 900 | 1235 |
| Total Value (£000) | 1593 | 3328 | 2254 | 5534 | 7720 |
| Asset Value (£000) | 1128 | 2018 | 1254 | 1304 | 1545 |
| Goodwill (£000) | 465 | 1310 | 1000 | 4230 | 6175 |
| Liabilities (£000) | -630 | -1225 | -246 | 595 | 894 |
| Equity Value (£000) | 963 | 2103 | 2008 | 6129 | 8614 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
K.I.G. LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 16 years.
The number of shareholders is low (1)
The total value of the company is currently £5.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 40% return on total assets.
The company's value would increase by 40% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 38%.
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