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Munro sawmills ltd.
Registration Number
SC228923Incorporation Date
08/03/2002Last Annual Return
Not availableAddress
Dingwall Sawmills, Old Evanton Road, Dingwall, Ross-Shire. IV15 9UN
Website
www.munrosawmills.comAudit Fees
£36,000Secretary
Ms Edith Blake
Directors
Active
Mr Christopher Lewis Blake (43 yrs)
Active
Mr Philip Geoffrey Blake (75 yrs)
Active
Mr Henry Duncan Blake (46 yrs)
Active
Ms Edith Blake (74 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) | 11557 | 20991 | 23268 | 26608 | 27372 |
| Directors Fees | 17 | 100 | 116 | 72 | 72 |
| Gross Profits | 1590 | 1574 | 79 | 1731 | 1781 |
| Value Added | 3393 | 3572 | 1444 | 2819 | 3210 |
| Trading Profit | 1475 | 1425 | -256 | 975 | 1486 |
| Depreciation | 260 | 272 | 312 | 307 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 6 | 11 | 31 | 43 | 39 |
| Pre-tax Profit | 1209 | 1142 | -599 | 625 | 1171 |
| Retained Profit (Shareholders Funds) | 848 | 1321 | -493 | 426 | 375 |
| Fixed Assets | 2222 | 3764 | 4432 | 3984 | 3785 |
| Intangibles | 0 | 10 | 9 | 8 | 8 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 585 | 492 | 471 | 463 | 397 |
| Debtors | 1831 | 4361 | 3507 | 4707 | 4116 |
| Cash or Equivalent | 2368 | 3362 | 2364 | 2120 | 3399 |
| Total Current Assets | 4784 | 8215 | 6342 | 7290 | 7912 |
| Creditors | 611 | 3423 | 3105 | 3902 | 4616 |
| Short Term Borrowing | 272 | 984 | 885 | 0 | 0 |
| Other Current Liabilities | 351 | 504 | 234 | 545 | 545 |
| Total Current Liabilities | 1234 | 4911 | 4224 | 4447 | 5161 |
| Net Current Assets | 3550 | 3304 | 2118 | 2843 | 2751 |
| Shareholders Funds | 5475 | 6796 | 6303 | 6729 | 7104 |
| Total Loan Capital | 52 | 15 | 0 | 0 | 0 |
| Other Capital Employed | 245 | -291 | -434 | -560 | -560 |
| Total Capital Employed | 5772 | 6520 | 5869 | 6169 | 6544 |
| Pretax Profit Margin % | 10.46 | 5.44 | -2.57 | 2.35 | 4.28 |
| Sales Growth % | NA | 82 | 11 | 14 | 3 |
| Pretax Profit Growth % | NA | -6 | -152 | 204 | 87.00 |
| Debtor Ratio Days | 58 | 76 | 55 | 64 | 54.7333809380637 |
| Creditor Ratio Days | 19 | 59 | 49 | 53 | 61.3866957306073 |
| Stock Turnover | 20 | 43 | 49 | 57 | 68.9624190064795 |
| Sales £000 / Employee | 222 | 389 | 465 | 543 | 597.322448979592 |
| Value Added £000/Empl. | 65 | 66 | 29 | 58 | 70.0501575630252 |
| Av. Remun. £000 / Empl. | 37 | 40 | 34 | 38 | 37.6326530612245 |
| Total Empl. Remu. £000 | 1918 | 2147 | 1700 | 1844 | 1724.49028708957 |
| Employees | 52 | 54 | 50 | 49 | 45.8243080625752 |
| Pretax Profit/Total Assets % | 17 | 10 | -6 | 6 | 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 14.4% in the latest year, well above the industry average of -4.1%.
- Gross Profit Margin has markedly improved from 0.3% to 6.5% in the latest year.
- Sales per Employee is £543,000 which is well above the industry average of £373,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The Trading Stability chart shows a well above average sales 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 among the Top 6 Leaders in Efficiency.
- The company is among the Top 70 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £26.6m sales and made £625,000, by following the proposal plan, sales would be level but profits would rise to £1.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £26.6m 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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 11557 | 20991 | 23268 | 26608 | 27372 |
| Pre-tax Profit (£000) | 1209 | 1142 | -599 | 625 | 1171 |
| Total Value (£000) | 10798 | 14892 | 6159 | 12862 | 14716 |
| Asset Value (£000) | 4638 | 8627 | 8419 | 9162 | 8306 |
| Goodwill (£000) | 6160 | 6265 | -2260 | 3700 | 6410 |
| Liabilities (£000) | 837 | -1273 | -1426 | -1767 | -1202 |
| Equity Value (£000) | 11635 | 13619 | 4733 | 11095 | 13514 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR HENRY DUNCAN BLAKE (51.3%)
MR CHRISTOPHER LEWIS BLAKE (38.7%)
MRS EDITH BLAKE (5.0%)
MR P G BLAKE (5.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
MUNRO HARVESTING LTD
Acquisition / Valuation Comments
This company has been established 23 years.
2 directors are over 70 years of age.
The total value of the company is currently £12.9m 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 14% if the proposed business plan was followed.
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