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Mccain foods (g.b.) ltd
Registration Number
00733218Incorporation Date
22/08/1962Last Annual Return
Not availableAddress
Havers Hill, Eastfield, Scarborough, North Yorkshire. YO11 3BS
Website
www.mccain.co.ukAudit Fees
£211,000Secretary
Not available
Directors
Active
Mr Andrew James Hoff (43 yrs)
Active
Ms Jillian Leigh Moffatt (52 yrs)
Active
Ms Alison Jane Rance (53 yrs)
Active
Mr James Andrew Young (51 yrs)
Active
Mr Richard Michael Jones (58 yrs)
Active
Ms Lisa Karen Oke (39 yrs)
Active
Ms Charlotte Turton (49 yrs)
Active
Mr Jamie Ball (44 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Jun-21 | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 29-Jun-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 528776 | 596388 | 712568 | 799101 | 915551 |
| Directors Fees | 3501 | 3658 | 3375 | 4205 | 5046 |
| Gross Profits | 140446 | 165876 | 182595 | 221869 | 254201 |
| Value Added | 143493 | 167831 | 178687 | 198152 | 235885 |
| Trading Profit | 74072 | 98599 | 102057 | 120366 | 154866 |
| Depreciation | 19758 | 22222 | 23703 | 24818 | |
| Non-Trading Income | 0 | 183 | 3027 | 7616 | 0 |
| Total Interest Charges | 4078 | 4044 | 4043 | 4372 | 5246 |
| Pre-tax Profit | 50236 | 72516 | 77338 | 98792 | 119838 |
| Retained Profit (Shareholders Funds) | 32577 | 37009 | 48492 | 78606 | 59275 |
| Fixed Assets | 241948 | 248849 | 248405 | 259759 | 311711 |
| Intangibles | 0 | 0 | 3620 | 3817 | 4580 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 50916 | 58268 | 75628 | 78267 | 89673 |
| Debtors | 45019 | 48274 | 66457 | 73732 | 84477 |
| Cash or Equivalent | 87934 | 127136 | 148312 | 229790 | 175325 |
| Total Current Assets | 183869 | 233678 | 290397 | 381789 | 349475 |
| Creditors | 70960 | 83488 | 91564 | 106023 | 139694 |
| Short Term Borrowing | 1914 | 5297 | 7518 | 89220 | 0 |
| Other Current Liabilities | 46328 | 52186 | 53988 | 58430 | 70116 |
| Total Current Liabilities | 119202 | 140971 | 153070 | 253673 | 209810 |
| Net Current Assets | 64667 | 92707 | 137327 | 128116 | 139665 |
| Shareholders Funds | 193478 | 230487 | 278979 | 357585 | 416860 |
| Total Loan Capital | 81348 | 81474 | 81251 | 1527 | 0 |
| Other Capital Employed | 31789 | 29595 | 29122 | 32580 | 39096 |
| Total Capital Employed | 306615 | 341556 | 389352 | 391692 | 455956 |
| Pretax Profit Margin % | 9.5 | 12.16 | 10.85 | 12.36 | 13.09 |
| Sales Growth % | 6 | 13 | 19 | 12 | 15 |
| Pretax Profit Growth % | 5030 | 44 | 7 | 28 | 21.30 |
| Debtor Ratio Days | 31 | 29 | 34 | 34 | 33.5858020450481 |
| Creditor Ratio Days | 49 | 51 | 47 | 48 | 55.5389466412882 |
| Stock Turnover | 10 | 10 | 9 | 10 | 10.209935221741 |
| Sales £000 / Employee | 412 | 448 | 518 | 592 | 651.119333333334 |
| Value Added £000/Empl. | 112 | 126 | 130 | 147 | 167.756175957351 |
| Av. Remun. £000 / Empl. | 54 | 52 | 56 | 58 | 57.6192592592593 |
| Total Empl. Remu. £000 | 69421 | 69232 | 76630 | 77786 | 81019.4849328575 |
| Employees | 1284 | 1330 | 1376 | 1350 | 1406.11812741827 |
| Pretax Profit/Total Assets % | 12 | 15 | 14 | 15 | 18 |
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 12.1% in the latest year, well above the industry average of 6.2%.
- The company lies an excellent 9th in terms of Total Sales in this industry.
- The company lies an excellent 2nd in terms of Pretax Profits in this industry.
- Gross Profit Margin is 27.8% in the latest year, well above the industry average of 20.1%.
- Sales per Employee is £592,000 which is well above the industry average of £305,000.
- The average salary is £58,000 which is well above the industry average of £37,000.
- The company has consistently improved pretax profits over the last 4 years.Only 20 other companies achieved this.
- Pretax Profit Margin is 12.4% in the latest year, well above the industry average of 3.5%.
- 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 among the Top 31 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 32 in terms of Value Added.
- The company is among the Top 44 in terms of Trading Profits.
Company Summary
The company currently has £799m sales and made £98.8m, by following the proposal plan, sales would rise to £916m and profits would rise to £120m.
Key Attractiveness Features
- ADD £799m TO SALES
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 | 30-Jun-21 | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 29-Jun-25 |
| Total Sales (£000) | 528776 | 596388 | 712568 | 799101 | 915551 |
| Pre-tax Profit (£000) | 50236 | 72516 | 77338 | 98792 | 119838 |
| Total Value (£000) | 626958 | 755566 | 802755 | 914340 | 1141091 |
| Asset Value (£000) | 337883 | 355391 | 394110 | 415575 | 490441 |
| Goodwill (£000) | 289075 | 400175 | 408645 | 498765 | 650650 |
| Liabilities (£000) | -144405 | -124904 | -115131 | -57990 | -73581 |
| Equity Value (£000) | 482553 | 630662 | 687624 | 856350 | 1067510 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MCCAIN UK H1 LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
CATERPAC LTD
MCCAIN FINANCE (GB) LTD
MCCAIN FRIES TO GO
Acquisition / Valuation Comments
This company has been established 63 years.
The number of shareholders is low (1)
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 £914.3m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 18% return on total assets.
The company's value would increase by 25% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 25%.
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