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P.c.richardson & co.(middlesbrough),ltd
Registration Number
00196308Incorporation Date
11/03/1924Last Annual Return
Not availableAddress
Courville House, 34 Ellerbeck, Court, Stokesley Business Park, Middlesbrough, Cleveland. TS9 5PT
Website
www.pcrichardson.co.ukAudit Fees
£5,000Secretary
Mr Paul Geoffrey Flintoft
Directors
Active
Mr Geoffrey Ablett (60 yrs)
Active
Mr David John Richardson (56 yrs)
Active
Ms Emma Louisa Richardson (33 yrs)
Active
Mr Peter Charles Richardson (66 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 5804 | 5708 | 8334 | 10762 | 12699 |
| Directors Fees | 305 | 333 | 393 | 507 | 608 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 3496 | 3769 | 5316 | 5936 | 6858 |
| Trading Profit | 669 | 467 | 1191 | 1380 | 1971 |
| Depreciation | 126 | 111 | 106 | 115 | |
| Non-Trading Income | 19 | 1 | 24 | 101 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 562 | 357 | 1109 | 1366 | 1833 |
| Retained Profit (Shareholders Funds) | 473 | 357 | 998 | 1218 | 820 |
| Fixed Assets | 417 | 392 | 473 | 577 | 692 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 12 | 12 | 12 | 12 | 14 |
| Debtors | 2375 | 2061 | 1638 | 4287 | 5059 |
| Cash or Equivalent | 5936 | 5761 | 6594 | 6759 | 7328 |
| Total Current Assets | 8323 | 7834 | 8244 | 11058 | 12401 |
| Creditors | 1321 | 977 | 312 | 861 | 1168 |
| Short Term Borrowing | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 875 | 347 | 483 | 1573 | 1888 |
| Total Current Liabilities | 2196 | 1324 | 795 | 2434 | 3056 |
| Net Current Assets | 6127 | 6510 | 7449 | 8624 | 9345 |
| Shareholders Funds | 6544 | 6901 | 7899 | 9117 | 9937 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 23 | 83 | 100 |
| Total Capital Employed | 6544 | 6901 | 7922 | 9200 | 10037 |
| Pretax Profit Margin % | 9.68 | 6.25 | 13.31 | 12.69 | 14.43 |
| Sales Growth % | -32 | -2 | 46 | 29 | 18 |
| Pretax Profit Growth % | -29 | -36 | 211 | 23 | 34.19 |
| Debtor Ratio Days | 149 | 131 | 72 | 145 | 144.997955770303 |
| Creditor Ratio Days | 83 | 62 | 14 | 29 | 33.4895558446385 |
| Stock Turnover | 484 | 476 | 695 | 897 | 896.833333333333 |
| Sales £000 / Employee | 106 | 97 | 132 | 158 | 174.091176470588 |
| Value Added £000/Empl. | 64 | 64 | 84 | 87 | 94.0154536390828 |
| Av. Remun. £000 / Empl. | 51 | 56 | 65 | 67 | 67 |
| Total Empl. Remu. £000 | 2827 | 3302 | 4125 | 4556 | 4887.34545454545 |
| Employees | 55 | 59 | 63 | 68 | 72.9454545454545 |
| Pretax Profit/Total Assets % | 6 | 4 | 13 | 12 | 14 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 29.1% in the latest year, well above the industry average of 1.9%.
- The average salary is £67,000 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.
- Exports contribute 24% towards the Total Sales of the company.
- Pretax Profit Margin is 12.7% in the latest year, well above the industry average of 5.6%.
- The Trading Stability chart shows a well below 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 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 the best in terms of Value Added in this industry.
- The company is among the Top 3 in terms of Trading Profits.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £10.8m sales and made £1.4m, by following the proposal plan, sales would rise to £12.7m and profits would rise to £1.8m.
Key Attractiveness Features
- ADD £10.8m TO SALES
- ATTRACTIVE PRICE
- 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-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 5804 | 5708 | 8334 | 10762 | 12699 |
| Pre-tax Profit (£000) | 562 | 357 | 1109 | 1366 | 1833 |
| Total Value (£000) | 7044 | 5910 | 9513 | 13736 | 17970 |
| Asset Value (£000) | 2804 | 2465 | 2123 | 4876 | 5765 |
| Goodwill (£000) | 4240 | 3445 | 7390 | 8860 | 12205 |
| Liabilities (£000) | 3740 | 4437 | 5776 | 4242 | 4172 |
| Equity Value (£000) | 10784 | 10347 | 15289 | 17978 | 22142 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
PCR HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 101 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
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 £13.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 14% return on total assets.
The company's value would increase by 31% if the proposed business plan was followed.
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