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Steelway fensecure ltd
Registration Number
03872973Incorporation Date
08/11/1999Last Annual Return
Not availableAddress
Queensgate Works, Bilston Road, Wolverhampton, West Midlands. WV2 2NJ
Website
www.steelway.co.ukAudit Fees
£13,000Secretary
Not available
Directors
Active
Mr Alan James Curtis (42 yrs)
Active
Ms Sonia Michelle Shaw (50 yrs)
Active
Mr Yusufa Sey (37 yrs)
Active
Mr Paul William Sweeting (42 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Jun-21 | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 29-Jun-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 11160 | 14485 | 18691 | 23014 | 27157 |
| Directors Fees | 117 | 238 | 284 | 354 | 425 |
| Gross Profits | 3311 | 4039 | 5242 | 9327 | 11006 |
| Value Added | 4608 | 5614 | 7045 | 10024 | 11029 |
| Trading Profit | 3 | 291 | 1016 | 1801 | 2208 |
| Depreciation | 150 | 160 | 169 | 180 | |
| Non-Trading Income | 0 | 0 | -4 | 58 | 0 |
| Total Interest Charges | 17 | 39 | 81 | 228 | 274 |
| Pre-tax Profit | -164 | 92 | 762 | 1451 | 1718 |
| Retained Profit (Shareholders Funds) | -986 | -161 | -14 | 168 | 871 |
| Fixed Assets | 649 | 566 | 474 | 426 | 511 |
| Intangibles | 18 | 14 | 9 | 5 | 6 |
| Intermediate Assets | 0 | 20 | 0 | 0 | 0 |
| Stocks | 650 | 1033 | 873 | 952 | 1123 |
| Debtors | 2458 | 2820 | 3704 | 5315 | 6272 |
| Cash or Equivalent | 584 | 591 | 1817 | 1524 | 270 |
| Total Current Assets | 3692 | 4444 | 6394 | 7791 | 7665 |
| Creditors | 1563 | 2149 | 1948 | 2917 | 3958 |
| Short Term Borrowing | 393 | 0 | 1347 | 2169 | 0 |
| Other Current Liabilities | 1035 | 1678 | 2212 | 1627 | 1952 |
| Total Current Liabilities | 2991 | 3827 | 5507 | 6713 | 5910 |
| Net Current Assets | 701 | 617 | 887 | 1078 | 1755 |
| Shareholders Funds | 1314 | 1153 | 1139 | 1307 | 2178 |
| Total Loan Capital | 0 | 0 | 154 | 123 | 0 |
| Other Capital Employed | 54 | 64 | 76 | 78 | 94 |
| Total Capital Employed | 1368 | 1217 | 1369 | 1508 | 2272 |
| Pretax Profit Margin % | -1.47 | 0.64 | 4.08 | 6.3 | 6.33 |
| Sales Growth % | -8 | 30 | 29 | 23 | 18 |
| Pretax Profit Growth % | -142 | 156 | 728 | 90 | 18.40 |
| Debtor Ratio Days | 80 | 71 | 72 | 84 | 84.0644824889198 |
| Creditor Ratio Days | 51 | 54 | 38 | 46 | 53.0571043712523 |
| Stock Turnover | 17 | 14 | 21 | 24 | 24.1743697478992 |
| Sales £000 / Employee | 88 | 105 | 118 | 127 | 139.86408839779 |
| Value Added £000/Empl. | 36 | 41 | 44 | 55 | 56.8026032400037 |
| Av. Remun. £000 / Empl. | 36 | 39 | 38 | 45 | 45.4309392265193 |
| Total Empl. Remu. £000 | 4605 | 5323 | 6029 | 8223 | 8821.03636363637 |
| Employees | 127 | 138 | 159 | 181 | 194.163636363637 |
| Pretax Profit/Total Assets % | -4 | 2 | 11 | 18 | 21 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Total Sales have increased by 23.1% in the latest year, well above the industry average of -11.4%.
- Gross Profit Margin is 40.5% in the latest year, well above the industry average of 26.2%.
- Gross Profit Margin has markedly improved from 28.1% to 40.5% in the latest year.
- The average salary is £45,000 which is well above the industry average of £37,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 4.1% to 6.3% in the latest year.
- Shareholders received £1.0m in dividends this year, over 70% of the pretax profits of the company.
- Formal debt of the company has increased by £791,000, a rise of 53%.
- The Trading Stability chart shows a well above average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 4 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 6 in terms of Value Added.
Company Summary
The company currently has £23.0m sales and made £1.5m, by following the proposal plan, sales would rise to £27.2m and profits would rise to £1.7m.
Key Attractiveness Features
- ADD £23.0m TO SALES
- FEW DIRECTORS
- HIGH DIVIDEND
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-Jun-21 | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 29-Jun-25 |
| Total Sales (£000) | 11160 | 14485 | 18691 | 23014 | 27157 |
| Pre-tax Profit (£000) | -164 | 92 | 762 | 1451 | 1718 |
| Total Value (£000) | 3625 | 6298 | 10715 | 16573 | 19997 |
| Asset Value (£000) | 3775 | 4453 | 5060 | 6698 | 7912 |
| Goodwill (£000) | -150 | 1845 | 5655 | 9875 | 12085 |
| Liabilities (£000) | -2461 | -3300 | -3920 | -5390 | -5734 |
| Equity Value (£000) | 1164 | 2998 | 6795 | 11183 | 14263 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
STEELWAY GROUP HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 26 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
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 £16.6m including debts.
The equity value, after deducting debts is £11.2m.
The proposed year is based on achieving a 21% return on total assets.
The company's value would increase by 21% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 29%.
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