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Euroview architectural glass ltd

Witham, Essex. Registration No: 10780546

  • Registration Number

    10780546

  • Incorporation Date

    19/05/2017

  • Last Annual Return

    Not available

  • Address

    Unit 2, Eastways Industrial Estate, Witham, Essex. CM8 3YQ

  • Website

    www.euroview.glass

  • Audit Fees

    £11,000

  • Secretary

    Not available

Directors

Active

Ms Phillippa Brown (54 yrs)

Active

Mr Perry John Hubble (65 yrs)

Active

Mr Gary Prideaux Wilton (63 yrs)

Active

Mr Daniel Brett Harrendence (45 yrs)

Active

Mr Steven Malcolm Larvin (65 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Weeks 52 52 52 52 52
Total Sales (£000) 14816 15476 17238 18547 18829
Directors Fees 339 372 351 366 366
Gross Profits 5729 5720 5934 6168 6262
Value Added 6438 5271 5590 6274 5970
Trading Profit 2281 1095 1084 1368 1442
Depreciation 862 872 723 600
Non-Trading Income 1 5 3 0 0
Total Interest Charges 234 210 467 275 248
Pre-tax Profit 1186 18 -103 493 654
Retained Profit (Shareholders Funds) 971 31 -15 83 296
Fixed Assets 4402 3589 2961 2466 2343
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 910 1141 1316 1065 901
Debtors 2319 2643 3213 2751 2374
Cash or Equivalent 3178 1498 3018 3703 921
Total Current Assets 6407 5282 7547 7519 4196
Creditors 672 222 501 573 669
Short Term Borrowing 1038 804 2039 2029 0
Other Current Liabilities 1204 735 821 982 982
Total Current Liabilities 2914 1761 3361 3584 1651
Net Current Assets 3493 3521 4186 3935 2545
Shareholders Funds 4350 4381 4366 4449 4745
Total Loan Capital 2084 1304 2617 1810 0
Other Capital Employed 1460 1425 164 143 143
Total Capital Employed 7894 7110 7147 6402 4888
Pretax Profit Margin % 8 0.12 -0.6 2.66 3.47
Sales Growth % -13 4 11 8 2
Pretax Profit Growth % 30 -98 -672 579 33.00
Debtor Ratio Days 57 62 68 54 45.8920256645279
Creditor Ratio Days 17 5 11 11 12.932431120936
Stock Turnover 16 14 13 17 20.8980281690141
Sales £000 / Employee 112 132 144 147 161.918253968254
Value Added £000/Empl. 49 45 47 50 51.3393377556969
Av. Remun. £000 / Empl. 31 36 38 39 38.9365079365079
Total Empl. Remu. £000 4157 4176 4506 4906 4527.73570019723
Employees 132 117 120 126 116.285099515869
Pretax Profit/Total Assets % 11 0 -1 5 10

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
  • Total Sales have increased by 7.6% in the latest year, well above the industry average of -4.6%.
  • Sales per Employee is £147,000 which is well above the industry average of £124,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • The £366,000 directors fees figure disclosed significantly affects the profitability of the company.
  • Shareholders received £330,000 in dividends this year, over 67% of the pretax profits of the company.
  • The company would have made a significantly higher profit but for interest payments of £275,000.
  • The formal debt of the company is high, representing 21% of Total Sales.
  • 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 60 companies listed under the Gross Profits category (see section 3.1c).
  • The company is among the Top 22 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 27 in terms of Pretax Profit Return on Owners Funds.

Company

Industry Av.

Proposed

Company Summary

The company currently has £18.5m sales and made £493,000, by following the proposal plan, sales would be level but profits would rise to £654,000.

Key Attractiveness Features

  • ADD £18.5m TO SALES
  • HIGH INTEREST PAYMENTS
  • HIGH DIRS FEES
  • 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 14816 15476 17238 18547 18829
Pre-tax Profit (£000) 1186 18 -103 493 654
Total Value (£000) 16421 10348 11050 11952 11958
Asset Value (£000) 7631 7373 7490 6282 5618
Goodwill (£000) 8790 2975 3560 5670 6340
Liabilities (£000) -3280 -2992 -3124 -1834 -873
Equity Value (£000) 13141 7356 7926 10118 11085

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

TARCO LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

None

Acquisition / Valuation Comments

The number of shareholders is low (1)

3 directors are over 60 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 £12.0m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 10% return on total assets.

The proposed plan would improve the overall financial strength of the company by 76%.

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