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Cuff miller and company (littlehampton) ltd
Registration Number
00432123Incorporation Date
29/03/1947Last Annual Return
Not availableAddress
Amelia House Crescent Road, Worthing, West Sussex. BN11 1QR
Website
www.cuffmiller.co.ukAudit Fees
Not availableSecretary
Mr Brian Steele
Directors
Active
Mr James Baxter (42 yrs)
Active
Mr Alan Steele (63 yrs)
Active
Ms Iris Mary Kenilworth (80 yrs)
| 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) | 8195 | 8147 | 11036 | 12113 | 12349 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 290 | 296 | 512 | 593 | 605 |
| Value Added | NA | NA | NA | NA | NA |
| Trading Profit | 41 | 53 | 89 | 121 | 187 |
| Depreciation | 18 | 18 | 18 | 21 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 23 | 35 | 71 | 100 | 168 |
| Retained Profit (Shareholders Funds) | 22 | 35 | 39 | 45 | 60 |
| Fixed Assets | 62 | 68 | 74 | 86 | 82 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 934 | 584 | 1100 | 896 | 761 |
| Debtors | 135 | 112 | 130 | 164 | 142 |
| Cash or Equivalent | 202 | 339 | 287 | 403 | 691 |
| Total Current Assets | 1271 | 1035 | 1517 | 1463 | 1594 |
| Creditors | 341 | 287 | 480 | 412 | 483 |
| Short Term Borrowing | 1 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 238 | 76 | 333 | 308 | 308 |
| Total Current Liabilities | 580 | 363 | 813 | 720 | 791 |
| Net Current Assets | 691 | 672 | 704 | 743 | 803 |
| Shareholders Funds | 700 | 735 | 774 | 819 | 879 |
| Total Loan Capital | 53 | 4 | 4 | 4 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 6 | 6 |
| Total Capital Employed | 753 | 739 | 778 | 829 | 885 |
| Pretax Profit Margin % | 0.28 | 0.43 | 0.64 | 0.83 | 1.36 |
| Sales Growth % | -34 | -1 | 35 | 10 | 2 |
| Pretax Profit Growth % | 129 | 52 | 103 | 41 | 68.00 |
| Debtor Ratio Days | 6 | 5 | 4 | 5 | 4.1890200610914 |
| Creditor Ratio Days | 15 | 13 | 16 | 12 | 14.2378601502518 |
| Stock Turnover | 9 | 14 | 10 | 14 | 16.2227678571428 |
| Sales £000 / Employee | 264 | 281 | 394 | 449 | 493.492592592593 |
| Value Added £000/Empl. | NA | NA | NA | NA | NA |
| Av. Remun. £000 / Empl. | NA | NA | NA | NA | NA |
| Total Empl. Remu. £000 | NA | NA | NA | NA | NA |
| Employees | 31 | 29 | 28 | 27 | 25.0245312860391 |
| Pretax Profit/Total Assets % | 2 | 3 | 4 | 6 | 10 |
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 9.8% in the latest year, well above the industry average of 7.2%.
- 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 7 other companies achieved this.
- Pretax Profit Margin has markedly improved from 0.6% to 0.8% in the latest year.
- Shareholders received £35,000 in dividends this year, over 35% of the pretax profits of the company.
- 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 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- 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 25 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 8 Cash Rich companies.
- The company is among the Top 84 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £12.1m sales and made £100,000, by following the proposal plan, sales would be level but profits would rise to £168,000.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £12.1m TO SALES
- ATTRACTIVE RATING
- 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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 8195 | 8147 | 11036 | 12113 | 12349 |
| Pre-tax Profit (£000) | 23 | 35 | 71 | 100 | 168 |
| Total Value (£000) | 1246 | 939 | 1659 | 1646 | 1825 |
| Asset Value (£000) | 1131 | 764 | 1304 | 1146 | 985 |
| Goodwill (£000) | 115 | 175 | 355 | 500 | 840 |
| Liabilities (£000) | -431 | -28 | -530 | -327 | -106 |
| Equity Value (£000) | 815 | 911 | 1129 | 1319 | 1719 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MRS JEAN MARGARET CAGER (22.2%)
MS IRIS KENILWORTH (22.2%)
MR ALAN STEELE (2.9%)
MRS HELEN FRANCES JEANNE STEELE (2.7%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 78 years.
1 director is over 70 years of age.
The total value of the company is currently £1.6m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 11% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 15%.
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