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Automobile association insurance services ltd
Registration Number
02414212Incorporation Date
17/08/1989Last Annual Return
Not availableAddress
Level 3, Plant, Basing View, Basingstoke, Hampshire. RG21 4HG
Website
https://tg.aacaravaninsurance.comAudit Fees
£400,000Secretary
Mr James Edward Cox
Directors
Active
Ms Janet Connor (60 yrs)
Active
Mr Joseph Augustus Park (54 yrs)
Active
Harjeet Johal (55 yrs)
Active
Mr David Frederick Swiffen Rogers (69 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jan-22 | 31-Jan-23 | 31-Jan-24 | 31-Jan-25 | 30-Jan-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 244600 | 251000 | 265000 | 295000 | 335075 |
| Directors Fees | 2700 | 2000 | 2000 | 2000 | 2400 |
| Gross Profits | 218600 | 226000 | 234000 | 259000 | 294185 |
| Value Added | 154000 | NA | NA | NA | NA |
| Trading Profit | 99900 | NA | NA | NA | NA |
| Depreciation | 500 | NA | NA | NA | |
| Non-Trading Income | 800 | 0 | 0 | 1000 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 100200 | 96000 | 102000 | 115000 | 149204 |
| Retained Profit (Shareholders Funds) | -7900 | 10300 | 3000 | 16000 | 69000 |
| Fixed Assets | 400 | 4000 | 2000 | 1000 | 1200 |
| Intangibles | 24700 | 41000 | 61000 | 60000 | 72000 |
| Intermediate Assets | 3600 | 2000 | 0 | 10000 | 12000 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 17100 | 38000 | 49000 | 43000 | 48842 |
| Cash or Equivalent | 387800 | 358000 | 388000 | 429000 | 462773 |
| Total Current Assets | 404900 | 396000 | 437000 | 472000 | 511615 |
| Creditors | 71600 | 98000 | 113000 | 147000 | 192015 |
| Short Term Borrowing | 58800 | 45000 | 78000 | 63000 | 0 |
| Other Current Liabilities | 31500 | 15000 | 21000 | 29000 | 34800 |
| Total Current Liabilities | 161900 | 158000 | 212000 | 239000 | 226815 |
| Net Current Assets | 243000 | 238000 | 225000 | 233000 | 284800 |
| Shareholders Funds | 271700 | 282000 | 285000 | 301000 | 370000 |
| Total Loan Capital | 0 | 3000 | 3000 | 3000 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 271700 | 285000 | 288000 | 304000 | 370000 |
| Pretax Profit Margin % | 40.96 | 38.25 | 38.49 | 38.98 | 44.53 |
| Sales Growth % | -5 | 3 | 6 | 11 | 14 |
| Pretax Profit Growth % | -11 | -4 | 6 | 13 | 29.74 |
| Debtor Ratio Days | 25 | 55 | 67 | 53 | 53.0576271186441 |
| Creditor Ratio Days | 107 | 142 | 155 | 181 | 208.590508474577 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | NA | NA | NA | NA | NA |
| Value Added £000/Empl. | NA | NA | NA | NA | NA |
| Av. Remun. £000 / Empl. | NA | NA | NA | NA | NA |
| Total Empl. Remu. £000 | 54100 | 52000 | 58000 | 60000 | NA |
| Employees | NA | NA | NA | NA | NA |
| Pretax Profit/Total Assets % | 23 | 22 | 20 | 21 | 25 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 11.3% in the latest year, well above the industry average of 2.3%.
- Gross Profit Margin is 87.8% in the latest year, well above the industry average of 55.8%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 39.0% in the latest year, well above the industry average of 14.3%.
- Shareholders received £70.0m in dividends this year, over 61% of the pretax profits of the company.
- The formal debt of the company is high, representing 22% of Total Sales.
- 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 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 15 Leaders in Efficiency.
- 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 8 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £295m sales and made £115m, by following the proposal plan, sales would rise to £335m and profits would rise to £149m.
Key Attractiveness Features
- ADD £295m TO SALES
- ATTRACTIVE RATING
- FEW DIRECTORS
- 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-Jan-22 | 31-Jan-23 | 31-Jan-24 | 31-Jan-25 | 30-Jan-26 |
| Total Sales (£000) | 244600 | 251000 | 265000 | 295000 | 335075 |
| Pre-tax Profit (£000) | 100200 | 96000 | 102000 | 115000 | 149204 |
| Total Value (£000) | 556300 | 575000 | 632000 | 694000 | 892062 |
| Asset Value (£000) | 45800 | 85000 | 112000 | 114000 | 134042 |
| Goodwill (£000) | 510500 | 490000 | 520000 | 580000 | 758020 |
| Liabilities (£000) | 225900 | 197000 | 173000 | 187000 | 235958 |
| Equity Value (£000) | 782200 | 772000 | 805000 | 881000 | 1128020 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
AA CORPORATION LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
AA LAW LTD
Acquisition / Valuation Comments
This company has been established 36 years.
The number of shareholders is low (1)
1 director is over 60 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 £694.0m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 25% return on total assets.
The company's value would increase by 29% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 23%.
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