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Turner & price ltd

Berkshire. Registration No: 02732141

  • Registration Number

    02732141

  • Incorporation Date

    17/07/1992

  • Last Annual Return

    Not available

  • Address

    814 Leigh Road, Slough, Berkshire. SL1 4BD

  • Website

    www.turner-price.co.uk

  • Audit Fees

    £41,000

  • Secretary

    Thamer Hamandi

Directors

Active

Mr Philip David John Atyeo (55 yrs)

Active

Mr Andrew Mark Selley (60 yrs)

Active

Ms Alison Brogan (52 yrs)

Company

Industry Av.

Proposed

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) 45036 73118 87977 97223 109484
Directors Fees 1764 1917 2322 2154 2585
Gross Profits 7002 13557 18910 19889 22397
Value Added 10592 14749 20655 22462 27897
Trading Profit 2022 4648 9169 9870 15006
Depreciation 972 1078 1208 734
Non-Trading Income 0 0 96 381 0
Total Interest Charges 26 43 10 9 11
Pre-tax Profit 1024 3527 8047 9508 14114
Retained Profit (Shareholders Funds) 891 2853 4740 4002 5705
Fixed Assets 8001 7170 6973 9164 10997
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 2538 3431 4509 4883 5499
Debtors 4792 8470 9896 10312 11612
Cash or Equivalent 4809 8315 11424 13829 18937
Total Current Assets 12139 20216 25829 29024 36048
Creditors 3997 7508 8957 9845 12750
Short Term Borrowing 775 709 233 574 0
Other Current Liabilities 1980 2661 3494 3262 3914
Total Current Liabilities 6752 10878 12684 13681 16664
Net Current Assets 5387 9338 13145 15343 19384
Shareholders Funds 12072 14925 19665 23667 29372
Total Loan Capital 900 1199 0 0 0
Other Capital Employed 415 384 453 841 1009
Total Capital Employed 13387 16508 20118 24508 30381
Pretax Profit Margin % 2.27 4.82 9.15 9.78 12.89
Sales Growth % -30 62 20 11 13
Pretax Profit Growth % -37 244 128 18 48.44
Debtor Ratio Days 39 42 41 39 38.6078191374469
Creditor Ratio Days 32 37 37 37 42.3882928936568
Stock Turnover 18 21 20 20 19.9105058365759
Sales £000 / Employee 221 282 325 335 368.776896551724
Value Added £000/Empl. 52 57 76 77 93.9657384628375
Av. Remun. £000 / Empl. 42 39 42 43 43.4206896551724
Total Empl. Remu. £000 8570 10101 11486 12592 12890.9430088649
Employees 204 259 271 290 296.884805636184
Pretax Profit/Total Assets % 5 13 25 25 30

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 10.5% in the latest year, well above the industry average of 6.3%.
  • The average salary is £43,000 which is well above the industry average of £37,000.
  • Exports contribute 11% towards the Total Sales of the company.
  • The company has consistently improved pretax profits over the last 4 years.Only 14 other companies achieved this.
  • Pretax Profit Margin is 9.8% in the latest year, well above the industry average of 3.0%.
  • Formal debt of the company has increased by £341,000, a rise of 146%.
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is among the Top 23 companies listed as a Best Trading Partner (see section 1c).
  • The company is among the Top 18 in terms of Value Added.
  • The company is among the Top 31 in terms of Trading Profits.
  • The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
  • 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 13 in terms of Pretax Profit Return on Owners Funds.

Company

Industry Av.

Proposed

The data extends above the graph limits

Company Summary

The company currently has £97.2m sales and made £9.5m, by following the proposal plan, sales would rise to £109m and profits would rise to £14.1m.

Key Attractiveness Features

  • ADD £97.2m 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Mar-21 31-Mar-22 31-Mar-23 31-Mar-24 30-Mar-25
Total Sales (£000) 45036 73118 87977 97223 109484
Pre-tax Profit (£000) 1024 3527 8047 9508 14114
Total Value (£000) 29401 46506 72793 80809 111658
Asset Value (£000) 15331 19071 21378 24359 28108
Goodwill (£000) 14070 27435 51415 56450 83550
Liabilities (£000) -3258 -4146 -1713 -693 1264
Equity Value (£000) 26143 42360 71080 80116 112922

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

Shareholders / Ownership

SOUTH LINCS FOODSERVICE LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

GRAF SHIPPING LTD

Acquisition / Valuation Comments

This company has been established 33 years.

The number of shareholders is low (1)

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 £80.8m including debts.

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

The proposed year is based on achieving a 30% return on total assets.

The company's value would increase by 38% if the proposed business plan was followed.

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