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Afg media ltd
Registration Number
SC323753Incorporation Date
16/05/2007Last Annual Return
Not availableAddress
Ground Floor The Tun, 6-8 Jackson's Entry, Edinburgh, Midlothian. EH8 8PJ
Website
www.morphsuits.co.ukAudit Fees
£46,000Secretary
Mr Alistair David Smeaton
Directors
Active
Mr Gregor Lawson (46 yrs)
Active
Mr Alistair David Smeaton (44 yrs)
Active
Mr Graeme Menzies (43 yrs)
Active
Mr Fraser Kent Smeaton (46 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Nov-20 | 30-Nov-21 | 30-Nov-22 | 30-Nov-23 | 28-Nov-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 13945 | 19174 | 33055 | 41592 | 49079 |
| Directors Fees | 801 | 686 | 743 | 767 | 920 |
| Gross Profits | 3947 | 5782 | 8992 | 10005 | 11806 |
| Value Added | 2537 | 3356 | 3958 | 7286 | 9133 |
| Trading Profit | 595 | 1348 | 1505 | 4497 | 6141 |
| Depreciation | 46 | 98 | 51 | 56 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 143 | 258 | 704 | 697 | 836 |
| Pre-tax Profit | 406 | 992 | 750 | 3744 | 5238 |
| Retained Profit (Shareholders Funds) | 129 | 336 | 35 | 3007 | 2246 |
| Fixed Assets | 95 | 52 | 49 | 49 | 59 |
| Intangibles | 0 | 167 | 190 | 87 | 104 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 3855 | 3649 | 11662 | 11428 | 13485 |
| Debtors | 593 | 225 | 135 | 1705 | 2012 |
| Cash or Equivalent | 5000 | 7057 | 4554 | 3458 | 3741 |
| Total Current Assets | 9448 | 10931 | 16351 | 16591 | 19238 |
| Creditors | 1024 | 991 | 3869 | 1816 | 2464 |
| Short Term Borrowing | 252 | 521 | 522 | 522 | 0 |
| Other Current Liabilities | 1369 | 2304 | 3540 | 4719 | 5663 |
| Total Current Liabilities | 2645 | 3816 | 7931 | 7057 | 8127 |
| Net Current Assets | 6803 | 7115 | 8420 | 9534 | 11111 |
| Shareholders Funds | 4064 | 4400 | 4435 | 7442 | 9688 |
| Total Loan Capital | 2251 | 1947 | 1429 | 907 | 0 |
| Other Capital Employed | 584 | 986 | 2795 | 1322 | 1586 |
| Total Capital Employed | 6899 | 7333 | 8659 | 9671 | 11274 |
| Pretax Profit Margin % | 2.91 | 5.17 | 2.27 | 9 | 10.67 |
| Sales Growth % | -4 | 37 | 72 | 26 | 18 |
| Pretax Profit Growth % | -51 | 144 | -24 | 399 | 39.90 |
| Debtor Ratio Days | 15 | 4 | 1 | 15 | 14.9216195422197 |
| Creditor Ratio Days | 27 | 19 | 43 | 16 | 18.2770148105405 |
| Stock Turnover | 4 | 5 | 3 | 4 | 3.6394819740987 |
| Sales £000 / Employee | 481 | 639 | 918 | 945 | 1039.8 |
| Value Added £000/Empl. | 87 | 112 | 110 | 166 | 193.495762711864 |
| Av. Remun. £000 / Empl. | 67 | 67 | 68 | 63 | 63.3863636363636 |
| Total Empl. Remu. £000 | 1942 | 2008 | 2453 | 2789 | 2991.83636363636 |
| Employees | 29 | 30 | 36 | 44 | 47.2 |
| Pretax Profit/Total Assets % | 4 | 9 | 5 | 22 | 27 |
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 25.8% in the latest year, well above the industry average of -9.7%.
- Sales per Employee is £945,000 which is well above the industry average of £420,000.
- The average salary is £63,000 which is well above the industry average of £50,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 9.0% in the latest year, well above the industry average of 7.9%.
- Pretax Profit Margin has markedly improved from 2.3% to 9.0% in the latest year.
- Formal debt of the company has decreased by £522,000, a fall of 27%.
- The company is the only Best Trading Partner in this industry (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 3 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 the only Cash Rich company in this industry.
- The company is among the Top 34 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £41.6m sales and made £3.7m, by following the proposal plan, sales would rise to £49.1m and profits would rise to £5.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £41.6m TO SALES
- FEW DIRECTORS
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 | 30-Nov-20 | 30-Nov-21 | 30-Nov-22 | 30-Nov-23 | 28-Nov-24 |
| Total Sales (£000) | 13945 | 19174 | 33055 | 41592 | 49079 |
| Pre-tax Profit (£000) | 406 | 992 | 750 | 3744 | 5238 |
| Total Value (£000) | 11293 | 13773 | 23021 | 39309 | 50630 |
| Asset Value (£000) | 4543 | 4093 | 12036 | 13269 | 15660 |
| Goodwill (£000) | 6750 | 9680 | 10985 | 26040 | 34970 |
| Liabilities (£000) | -480 | 308 | -7601 | -5828 | -5972 |
| Equity Value (£000) | 10813 | 14081 | 15420 | 33481 | 44658 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BGF GROUP PLC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ATHOLLCO10 LTD
AWESOME GOLF LTD
FUN SHACK (UK) LTD.
Acquisition / Valuation Comments
This company has been established 18 years.
The number of shareholders is low (1)
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £39.3m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 27% return on total assets.
The company's value would increase by 29% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 17%.
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