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Crowcon detection instruments ltd
Registration Number
00978878Incorporation Date
06/05/1970Last Annual Return
Not availableAddress
172 Brook Drive, Milton Park, Milton, Abingdon, Oxfordshire. OX14 4SD
Website
www.crowcon.comAudit Fees
£55,000Secretary
Mr Terence Michael McCarthy
Directors
Active
Ms Nicola Kate Browne (51 yrs)
Active
Mr Graham Jardine (55 yrs)
Active
Mr Michael Vaux (32 yrs)
Active
Mr Jamie Nicholas Dyer (44 yrs)
Active
Mr Terence Michael McCarthy (60 yrs)
Active
Mr Neil Webster (55 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) | 31461 | 37598 | 42062 | 45392 | 49704 |
| Directors Fees | 940 | 1396 | 1180 | 1067 | 1280 |
| Gross Profits | 9443 | 12058 | 13627 | 15609 | 17092 |
| Value Added | 13323 | 17086 | 18595 | 22426 | 30236 |
| Trading Profit | 7163 | 9338 | 10157 | 13229 | 21081 |
| Depreciation | 978 | 920 | 870 | 1108 | |
| Non-Trading Income | 139 | 15 | 10 | 521 | 0 |
| Total Interest Charges | 54 | 44 | 58 | 57 | 68 |
| Pre-tax Profit | 6270 | 8389 | 9239 | 12585 | 19683 |
| Retained Profit (Shareholders Funds) | 178 | -314 | -853 | 2473 | 7551 |
| Fixed Assets | 2649 | 2006 | 1646 | 572 | 686 |
| Intangibles | 1900 | 1617 | 1372 | 2596 | 3115 |
| Intermediate Assets | 9 | 9 | 9 | 9 | 11 |
| Stocks | 2722 | 3979 | 4583 | 4545 | 4977 |
| Debtors | 5799 | 6993 | 7857 | 9005 | 9860 |
| Cash or Equivalent | 13151 | 13486 | 10610 | 11427 | 17801 |
| Total Current Assets | 21672 | 24458 | 23050 | 24977 | 32638 |
| Creditors | 3116 | 4858 | 4557 | 5318 | 6697 |
| Short Term Borrowing | 1310 | 2157 | 1645 | 453 | 0 |
| Other Current Liabilities | 1358 | 1489 | 1001 | 1166 | 1399 |
| Total Current Liabilities | 5784 | 8504 | 7203 | 6937 | 8096 |
| Net Current Assets | 15888 | 15954 | 15847 | 18040 | 24542 |
| Shareholders Funds | 18169 | 17855 | 17002 | 19475 | 27026 |
| Total Loan Capital | 1241 | 687 | 816 | 636 | 0 |
| Other Capital Employed | 1037 | 1044 | 1057 | 1107 | 1328 |
| Total Capital Employed | 20447 | 19586 | 18875 | 21218 | 28354 |
| Pretax Profit Margin % | 19.93 | 22.31 | 21.97 | 27.73 | 39.6 |
| Sales Growth % | -14 | 20 | 12 | 8 | 10 |
| Pretax Profit Growth % | -11 | 34 | 10 | 36 | 56.40 |
| Debtor Ratio Days | 67 | 68 | 68 | 72 | 72.2114028903772 |
| Creditor Ratio Days | 36 | 47 | 39 | 43 | 49.0420074021854 |
| Stock Turnover | 12 | 9 | 9 | 10 | 9.9872387238724 |
| Sales £000 / Employee | 215 | 254 | 263 | 262 | 288.61965317919 |
| Value Added £000/Empl. | 91 | 115 | 116 | 130 | 175.572204536276 |
| Av. Remun. £000 / Empl. | 42 | 52 | 53 | 53 | 53.1618497109827 |
| Total Empl. Remu. £000 | 6160 | 7748 | 8438 | 9197 | 9155.21731988711 |
| Employees | 146 | 148 | 160 | 173 | 172.214047661245 |
| Pretax Profit/Total Assets % | 24 | 30 | 35 | 45 | 54 |
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 7.9% in the latest year, well above the industry average of 4.8%.
- The company lies an excellent 4th in terms of Pretax Profits in this industry. Up 5 places from last year.
- Sales per Employee is £262,000 which is well above the industry average of £205,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 60% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years.Only 3 other companies achieved this.
- Pretax Profit Margin is 27.7% in the latest year, well above the industry average of 11.9%.
- Pretax Profit Margin has markedly improved from 22.0% to 27.7% in the latest year.
- Shareholders received £7.0m in dividends this year, over 56% of the pretax profits of the company.
- Formal debt of the company has decreased by £1.4m, a fall of 56%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 11 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 11 in terms of Trading Profits.
Company Summary
The company currently has £45.4m sales and made £12.6m, by following the proposal plan, sales would rise to £49.7m and profits would rise to £19.7m.
Key Attractiveness Features
- ADD £45.4m TO SALES
- ATTRACTIVE PRICE
- HIGH DIVIDEND
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) | 31461 | 37598 | 42062 | 45392 | 49704 |
| Pre-tax Profit (£000) | 6270 | 8389 | 9239 | 12585 | 19683 |
| Total Value (£000) | 48704 | 63674 | 67802 | 82667 | 123804 |
| Asset Value (£000) | 13079 | 14604 | 15467 | 16727 | 18649 |
| Goodwill (£000) | 35625 | 49070 | 52335 | 65940 | 105155 |
| Liabilities (£000) | 5089 | 3251 | 1534 | 2747 | 8377 |
| Equity Value (£000) | 53793 | 66925 | 69336 | 85414 | 132181 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HALMA PUBLIC LTD COMPANY (95.0%)
HALMA PLC & M.A. RONCHETTI - JOINT SHAREHOLDER (5.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
DETECTION INSTRUMENTS INDIA PRIVATE LTD
Acquisition / Valuation Comments
This company has been established 55 years.
The number of shareholders is low (2)
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 £82.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 54% return on total assets.
The company's value would increase by 50% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 22%.
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