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Zeon ltd
Registration Number
01459158Incorporation Date
05/11/1979Last Annual Return
Not availableAddress
Unit 1-2, Phoenix Park, London, London. NW2 7LN
Website
www.zeonltd.co.ukAudit Fees
£36,000Secretary
Ms Monica Bloch
Directors
Active
Mr Stan Tsang Kay Cheung (81 yrs)
Active
Mr Simon George Gilham (50 yrs)
Active
Mr Terence Geoffrey Lawrance (66 yrs)
Active
Mr Robert David Dorfman (70 yrs)
Active
Mr Man Pun Lai (41 yrs)
Active
Mr Chi Shun Peter Thong (45 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) | 9786 | 12040 | 13162 | 14441 | 16125 |
| Directors Fees | 416 | 476 | 393 | 467 | 560 |
| Gross Profits | 3310 | 3915 | 4376 | 4143 | 4626 |
| Value Added | 2923 | 3733 | 3012 | 3953 | 4811 |
| Trading Profit | 936 | 1960 | 1160 | 1987 | 2815 |
| Depreciation | 36 | 34 | 31 | 39 | |
| Non-Trading Income | 1 | 0 | 0 | 7 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 901 | 1926 | 1129 | 1955 | 2768 |
| Retained Profit (Shareholders Funds) | 911 | 1926 | 1129 | 2405 | 1173 |
| Fixed Assets | 378 | 355 | 335 | 320 | 384 |
| Intangibles | 5 | 3 | 1 | 0 | 0 |
| Intermediate Assets | 475 | 475 | 475 | 475 | 570 |
| Stocks | 1683 | 3548 | 3088 | 3050 | 3406 |
| Debtors | 815 | 954 | 887 | 1168 | 1304 |
| Cash or Equivalent | 3098 | 2252 | 2479 | 2918 | 3561 |
| Total Current Assets | 5596 | 6754 | 6454 | 7136 | 8271 |
| Creditors | 232 | 232 | 203 | 216 | 277 |
| Short Term Borrowing | 4218 | 2471 | 2194 | 179 | 0 |
| Other Current Liabilities | 1124 | 1040 | 933 | 1196 | 1435 |
| Total Current Liabilities | 5574 | 3743 | 3330 | 1591 | 1712 |
| Net Current Assets | 22 | 3011 | 3124 | 5545 | 6559 |
| Shareholders Funds | 880 | 2806 | 3935 | 6340 | 7513 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 1038 | 0 | 0 | 0 |
| Total Capital Employed | 880 | 3844 | 3935 | 6340 | 7513 |
| Pretax Profit Margin % | 9.21 | 16 | 8.58 | 13.54 | 17.17 |
| Sales Growth % | 22 | 23 | 9 | 10 | 12 |
| Pretax Profit Growth % | 890 | 114 | -41 | 73 | 41.59 |
| Debtor Ratio Days | 30 | 29 | 25 | 29 | 29.4406204556471 |
| Creditor Ratio Days | 9 | 7 | 6 | 5 | 6.2611730489578 |
| Stock Turnover | 6 | 3 | 4 | 5 | 4.7347540983607 |
| Sales £000 / Employee | 288 | 376 | 411 | 466 | 512.422580645161 |
| Value Added £000/Empl. | 86 | 117 | 94 | 128 | 152.885201694115 |
| Av. Remun. £000 / Empl. | 58 | 55 | 58 | 63 | 63.4193548387097 |
| Total Empl. Remu. £000 | 1987 | 1773 | 1852 | 1966 | 1995.68377284469 |
| Employees | 34 | 32 | 32 | 31 | 31.468055421254 |
| Pretax Profit/Total Assets % | 14 | 25 | 16 | 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 9.7% in the latest year, well above the industry average of 3.1%.
- Sales per Employee is £466,000 which is well above the industry average of £238,000.
- The average salary is £63,000 which is well above the industry average of £43,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 37% towards the Total Sales of the company.
- Pretax Profit Margin is 13.5% in the latest year, well above the industry average of 5.2%.
- Pretax Profit Margin has markedly improved from 8.6% to 13.5% in the latest year.
- Formal debt of the company has decreased by £2.0m, a fall of 92%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 3 companies listed as a Best Trading Partner (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 11 in terms of Trading Profits.
- The company is among the Top 21 Leaders in Efficiency.
Company Summary
The company currently has £14.4m sales and made £2.0m, by following the proposal plan, sales would rise to £16.1m and profits would rise to £2.8m.
Key Attractiveness Features
- ADD £14.4m TO SALES
- ATTRACTIVE PRICE
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) | 9786 | 12040 | 13162 | 14441 | 16125 |
| Pre-tax Profit (£000) | 901 | 1926 | 1129 | 1955 | 2768 |
| Total Value (£000) | 9936 | 17345 | 12396 | 17088 | 22304 |
| Asset Value (£000) | 3356 | 5335 | 4786 | 5013 | 5664 |
| Goodwill (£000) | 6580 | 12010 | 7610 | 12075 | 16640 |
| Liabilities (£000) | -2476 | -2529 | -851 | 1327 | 1849 |
| Equity Value (£000) | 7460 | 14816 | 11545 | 18415 | 24153 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HERALD GROUP LTD (BVI) REGISTERED (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
INGERSOLL LTD
Acquisition / Valuation Comments
This company has been established 46 years.
The number of shareholders is low (1)
1 director is over 70 years of age.
The total value of the company is currently £17.1m 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 31% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 11%.
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