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Korda developments ltd
Registration Number
04336137Incorporation Date
07/12/2001Last Annual Return
Not availableAddress
Orbital House, 20 Eastern Road, Romford, Essex. RM1 3PJ
Website
www.korda.co.ukAudit Fees
£46,000Secretary
Not available
Directors
Active
Mr Damian Keith Clarke (54 yrs)
Active
Mr Daniel William Fairbrass (55 yrs)
Active
Mr Adam Rooney (45 yrs)
Active
Mr Thomas Dove (37 yrs)
Active
Mr Thomas David Pashley (28 yrs)
Active
Mr Neil James Spooner (44 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) | 39169 | 29754 | 33582 | 37016 | 41558 |
| Directors Fees | 2025 | 1706 | 1413 | 1823 | 2188 |
| Gross Profits | 10100 | 10417 | 9589 | 13570 | 15235 |
| Value Added | 9583 | 9517 | 9127 | 13014 | 15061 |
| Trading Profit | 4121 | 2868 | 3079 | 6040 | 7970 |
| Depreciation | 274 | 274 | 272 | 338 | |
| Non-Trading Income | 6 | -6984 | -183 | -1026 | 0 |
| Total Interest Charges | 0 | 107 | 362 | 107 | 128 |
| Pre-tax Profit | 3853 | -4497 | 2262 | 4569 | 7436 |
| Retained Profit (Shareholders Funds) | 3122 | 6342 | 1479 | 2909 | 2741 |
| Fixed Assets | 1687 | 1664 | 1656 | 1716 | 2059 |
| Intangibles | 0 | 2208 | 1708 | 1208 | 1450 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 10796 | 23531 | 15930 | 16666 | 18711 |
| Debtors | 10570 | 8012 | 8282 | 8733 | 9805 |
| Cash or Equivalent | 5319 | 4649 | 11468 | 11266 | 11719 |
| Total Current Assets | 26685 | 36192 | 35680 | 36665 | 40235 |
| Creditors | 2958 | 2185 | 1227 | 3025 | 3906 |
| Short Term Borrowing | 13 | 750 | 1500 | 0 | 0 |
| Other Current Liabilities | 1797 | 4865 | 4003 | 1995 | 2394 |
| Total Current Liabilities | 4768 | 7800 | 6730 | 5020 | 6300 |
| Net Current Assets | 21917 | 28392 | 28950 | 31645 | 33935 |
| Shareholders Funds | 23162 | 29504 | 30983 | 33892 | 36633 |
| Total Loan Capital | 0 | 2250 | 750 | 0 | 0 |
| Other Capital Employed | 441 | 510 | 581 | 676 | 811 |
| Total Capital Employed | 23603 | 32264 | 32314 | 34568 | 37444 |
| Pretax Profit Margin % | 9.84 | -15.11 | 6.74 | 12.34 | 17.89 |
| Sales Growth % | 22 | -24 | 13 | 10 | 12 |
| Pretax Profit Growth % | -3 | -217 | 150 | 102 | 63.00 |
| Debtor Ratio Days | 98 | 98 | 90 | 86 | 85.8767019667171 |
| Creditor Ratio Days | 27 | 27 | 13 | 30 | 34.2085854765507 |
| Stock Turnover | 4 | 1 | 2 | 2 | 2.2210488419537 |
| Sales £000 / Employee | 329 | 232 | 282 | 311 | 342.164705882353 |
| Value Added £000/Empl. | 81 | 74 | 77 | 109 | 124.471074380165 |
| Av. Remun. £000 / Empl. | 46 | 52 | 51 | 59 | 58.6050420168067 |
| Total Empl. Remu. £000 | 5462 | 6649 | 6048 | 6974 | 7091.21008403361 |
| Employees | 119 | 128 | 119 | 119 | 121 |
| Pretax Profit/Total Assets % | 14 | -11 | 6 | 12 | 17 |
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 10.2% in the latest year, well above the industry average of -1.8%.
- Gross Profit Margin has markedly improved from 28.6% to 36.7% in the latest year.
- Sales per Employee is £311,000 which is well above the industry average of £216,000.
- The average salary is £59,000 which is well above the industry average of £43,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 31% towards the Total Sales of the company.
- Pretax Profit Margin is 12.3% in the latest year, well above the industry average of 5.1%.
- Pretax Profit Margin has markedly improved from 6.7% to 12.3% in the latest year.
- 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 2 in terms of Value Added.
- The company is among the Top 3 in terms of Trading Profits.
- The company is among the Top 5 Leaders in Efficiency.
Company Summary
The company currently has £37.0m sales and made £4.6m, by following the proposal plan, sales would rise to £41.6m and profits would rise to £7.4m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £37.0m TO SALES
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) | 39169 | 29754 | 33582 | 37016 | 41558 |
| Pre-tax Profit (£000) | 3853 | -4497 | 2262 | 4569 | 7436 |
| Total Value (£000) | 52413 | 56915 | 48676 | 65948 | 80785 |
| Asset Value (£000) | 23053 | 35415 | 27576 | 28323 | 32025 |
| Goodwill (£000) | 29360 | 21500 | 21100 | 37625 | 48760 |
| Liabilities (£000) | 110 | -5911 | 3407 | 5570 | 4608 |
| Equity Value (£000) | 52523 | 51004 | 52083 | 71518 | 85393 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR DANIEL WILLIAM FAIRBRASS (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
TACKLE GURU LTD
Acquisition / Valuation Comments
This company has been established 25 years.
The number of shareholders is low (1).
2 directors are under 40 years of age.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £65.9m 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 17% return on total assets.
The company's value would increase by 22% if the proposed business plan was followed.
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