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Fixfast ltd
Registration Number
09481218Incorporation Date
10/03/2015Last Annual Return
Not availableAddress
Unit 6 Frank Sando Way, Aylesford, Kent. ME20 7NY
Website
www.fixfast.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr Bruce Walter Lynes (60 yrs)
Active
Mr Ken Lynes (47 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) | 22977 | 26734 | 28231 | 33162 | 39131 |
| Directors Fees | 25 | 0 | 31 | 31 | 37 |
| Gross Profits | 8867 | 11205 | 12193 | 13989 | 16507 |
| Value Added | 7835 | 10224 | 11166 | 12557 | 13966 |
| Trading Profit | 2306 | 4768 | 5416 | 6015 | 6986 |
| Depreciation | 441 | 426 | 482 | 621 | |
| Non-Trading Income | 55 | 0 | 0 | 2 | 0 |
| Total Interest Charges | 95 | 103 | 179 | 186 | 223 |
| Pre-tax Profit | 1825 | 4239 | 4755 | 5210 | 6018 |
| Retained Profit (Shareholders Funds) | 1249 | 2471 | 2957 | 3049 | 3126 |
| Fixed Assets | 1673 | 1705 | 1583 | 3205 | 3846 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 3906 | 6467 | 9040 | 8213 | 9783 |
| Debtors | 4017 | 4328 | 4074 | 5714 | 6743 |
| Cash or Equivalent | 1067 | 1416 | 2396 | 4353 | 380 |
| Total Current Assets | 8990 | 12211 | 15510 | 18280 | 16906 |
| Creditors | 173 | 122 | 280 | 484 | 618 |
| Short Term Borrowing | 3487 | 3328 | 3506 | 4160 | 0 |
| Other Current Liabilities | 768 | 1817 | 1839 | 1837 | 2204 |
| Total Current Liabilities | 4428 | 5267 | 5625 | 6481 | 2822 |
| Net Current Assets | 4562 | 6944 | 9885 | 11799 | 14084 |
| Shareholders Funds | 5471 | 7942 | 10899 | 13948 | 17074 |
| Total Loan Capital | 557 | 406 | 284 | 342 | 0 |
| Other Capital Employed | 206 | 301 | 285 | 713 | 856 |
| Total Capital Employed | 6234 | 8649 | 11468 | 15003 | 17930 |
| Pretax Profit Margin % | 7.94 | 15.86 | 16.84 | 15.71 | 15.38 |
| Sales Growth % | 28 | 16 | 6 | 17 | 18 |
| Pretax Profit Growth % | 47 | 132 | 12 | 10 | 15.51 |
| Debtor Ratio Days | 64 | 59 | 53 | 63 | 62.72 |
| Creditor Ratio Days | 3 | 2 | 4 | 5 | 5.75 |
| Stock Turnover | 6 | 4 | 3 | 4 | 4 |
| Sales £000 / Employee | 247 | 287 | 280 | 316 | 347.6 |
| Value Added £000/Empl. | 84 | 110 | 111 | 0 | 124.059230546705 |
| Av. Remun. £000 / Empl. | 59 | 59 | 57 | 62 | 62 |
| Total Empl. Remu. £000 | 5529 | 5456 | 5750 | 6542 | 6979.66605293441 |
| Employees | 93 | 93 | 101 | 105 | 112.575258918297 |
| Pretax Profit/Total Assets % | 17 | 30 | 28 | 24 | 29 |
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 17.5% in the latest year, well above the industry average of 0.0%.
- Gross Profit Margin is 42.2% in the latest year, well above the industry average of 32.5%.
- Sales per Employee is £316,000 which is well above the industry average of £249,000.
- The average salary is £62,000 which is well above the industry average of £45,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 10 other companies achieved this.
- Pretax Profit Margin is 15.7% in the latest year, well above the industry average of 7.6%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 15 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 35 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- 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 19 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £33.2m sales and made £5.2m, by following the proposal plan, sales would rise to £39.1m and profits would rise to £6.0m.
Key Attractiveness Features
- ADD £33.2m 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 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 22977 | 26734 | 28231 | 33162 | 39131 |
| Pre-tax Profit (£000) | 1825 | 4239 | 4755 | 5210 | 6018 |
| Total Value (£000) | 19046 | 34210 | 39522 | 44257 | 51762 |
| Asset Value (£000) | 9596 | 12500 | 14697 | 17132 | 20372 |
| Goodwill (£000) | 9450 | 21710 | 24825 | 27125 | 31390 |
| Liabilities (£000) | -4124 | -4558 | -3798 | -3183 | -3298 |
| Equity Value (£000) | 14922 | 29652 | 35724 | 41074 | 48464 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
FIXFAST INTERMEDIATE LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
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 £44.3m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 29% return on total assets.
The company's value would increase by 17% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 103%.
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