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Dalziel ltd
Registration Number
SC063157Incorporation Date
27/09/1977Last Annual Return
Not availableAddress
8 Belgowan Street, Bellshill Industrial Estate, Bellshill, Lanarkshire. ML4 3NS
Website
www.dalziel.co.ukAudit Fees
£70,000Secretary
Ms Morag Love
Directors
Active
Mr Alexander Stuart Dalziel (55 yrs)
Active
Mr John Whyte Darroch (70 yrs)
Active
Mr Colin Ian Darroch (42 yrs)
Active
Mr James Edward Dickens (53 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 01-Oct-21 | 30-Sep-22 | 29-Sep-23 | 27-Sep-24 | 26-Sep-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 197542 | 218980 | 247655 | 260222 | 274483 |
| Directors Fees | 241 | 241 | 246 | 249 | 269 |
| Gross Profits | 47872 | 52930 | 57945 | 64784 | 68334 |
| Value Added | 36871 | 40210 | 45087 | 50923 | 60077 |
| Trading Profit | 20436 | 23659 | 26829 | 30509 | 40502 |
| Depreciation | 1335 | 1308 | 1562 | 1401 | |
| Non-Trading Income | 0 | 0 | 0 | 4 | 0 |
| Total Interest Charges | 1 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 19100 | 22351 | 25267 | 29112 | 38989 |
| Retained Profit (Shareholders Funds) | 163 | 135 | 132 | 438 | 17467 |
| Fixed Assets | 3156 | 3043 | 3844 | 4822 | 5208 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 9904 | 12455 | 12727 | 13064 | 13780 |
| Debtors | 21656 | 24746 | 26654 | 28453 | 30012 |
| Cash or Equivalent | 6940 | 12467 | 10157 | 5855 | 9193 |
| Total Current Assets | 38500 | 49668 | 49538 | 47372 | 52985 |
| Creditors | 17610 | 22396 | 24634 | 25164 | 30525 |
| Short Term Borrowing | 13559 | 20334 | 18326 | 15370 | 0 |
| Other Current Liabilities | 6324 | 5681 | 5992 | 6554 | 7078 |
| Total Current Liabilities | 37493 | 48411 | 48952 | 47088 | 37603 |
| Net Current Assets | 1007 | 1257 | 586 | 284 | 15382 |
| Shareholders Funds | 2164 | 2299 | 2431 | 2869 | 20336 |
| Total Loan Capital | 2000 | 2000 | 2000 | 2000 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 235 | 254 |
| Total Capital Employed | 4164 | 4299 | 4431 | 5104 | 20590 |
| Pretax Profit Margin % | 9.67 | 10.21 | 10.2 | 11.19 | 14.2 |
| Sales Growth % | 4 | 11 | 13 | 5 | 5 |
| Pretax Profit Growth % | 27 | 17 | 13 | 15 | 33.93 |
| Debtor Ratio Days | 40 | 41 | 39 | 40 | 39.800216738016 |
| Creditor Ratio Days | 32 | 37 | 36 | 35 | 40.4794767544635 |
| Stock Turnover | 20 | 18 | 19 | 20 | 19.919014084507 |
| Sales £000 / Employee | 420 | 452 | 521 | 503 | 553.663829787234 |
| Value Added £000/Empl. | 78 | 83 | 95 | 98 | 121.182196156065 |
| Av. Remun. £000 / Empl. | 35 | 34 | 38 | 39 | 39.4854932301741 |
| Total Empl. Remu. £000 | 16435 | 16551 | 18258 | 20414 | 19575.2350760681 |
| Employees | 470 | 484 | 475 | 517 | 495.757643495992 |
| Pretax Profit/Total Assets % | 46 | 42 | 47 | 56 | 67 |
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 5.1% in the latest year, well above the industry average of -3.6%.
- The company lies an excellent 3rd in terms of Total Sales in this industry.
- The company lies an excellent 4th in terms of Pretax Profits in this industry.
- Gross Profit Margin is 24.9% in the latest year, well above the industry average of 21.2%.
- Sales per Employee is £503,000 which is well above the industry average of £250,000.
- 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 17 other companies achieved this.
- Pretax Profit Margin is 11.2% in the latest year, well above the industry average of 4.6%.
- Shareholders received £21.5m in dividends this year, over 74% of the pretax profits of the company.
- 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 9 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 Leaders in Efficiency.
Company Summary
The company currently has £260m sales and made £29.1m, by following the proposal plan, sales would rise to £274m and profits would rise to £39.0m.
Key Attractiveness Features
- ADD £260m 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 | 01-Oct-21 | 30-Sep-22 | 29-Sep-23 | 27-Sep-24 | 26-Sep-25 |
| Total Sales (£000) | 197542 | 218980 | 247655 | 260222 | 274483 |
| Pre-tax Profit (£000) | 19100 | 22351 | 25267 | 29112 | 38989 |
| Total Value (£000) | 131426 | 153204 | 170790 | 193124 | 245290 |
| Asset Value (£000) | 34716 | 40244 | 43225 | 46339 | 49000 |
| Goodwill (£000) | 96710 | 112960 | 127565 | 146785 | 196290 |
| Liabilities (£000) | -32553 | -37944 | -40795 | -43468 | -28664 |
| Equity Value (£000) | 98873 | 115260 | 129995 | 149656 | 216626 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
J.R. DALZIEL (DORMANTS) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
BURMA BACON SUPPLIES LTD
Acquisition / Valuation Comments
This company has been established 48 years.
The number of shareholders is low (1)
1 director is 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 £193.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 67% return on total assets.
The company's value would increase by 27% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 51%.
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