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Enrx ltd.
Registration Number
01193252Incorporation Date
10/12/1974Last Annual Return
Not availableAddress
Unit 1-2, Wednesfield Way Industrial Estate, Wolverhampton, West Midlands. WV11 1XP
Website
www.efd-induction.comAudit Fees
£11,000Secretary
Mr Paul James Greaves
Directors
Active
Mr Kieron Kevin Ellis (44 yrs)
Active
Mr Tore Thorsteinsen (59 yrs)
Active
Mr Paul James Greaves
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 4458 | 3894 | 4257 | 4896 | 5777 |
| Directors Fees | 90 | 103 | 111 | 124 | 149 |
| Gross Profits | 1229 | 1319 | 1358 | 1550 | 1829 |
| Value Added | 2259 | 2076 | 2140 | 2338 | 2719 |
| Trading Profit | 773 | 674 | 671 | 778 | 1046 |
| Depreciation | 47 | 48 | 40 | 46 | |
| Non-Trading Income | 1 | 0 | 9 | 41 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 727 | 626 | 640 | 773 | 991 |
| Retained Profit (Shareholders Funds) | 88 | -96 | 16 | 590 | 464 |
| Fixed Assets | 92 | 90 | 62 | 77 | 92 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 454 | 388 | 331 | 592 | 699 |
| Debtors | 475 | 683 | 434 | 639 | 754 |
| Cash or Equivalent | 1195 | 902 | 1148 | 1717 | 1651 |
| Total Current Assets | 2124 | 1973 | 1913 | 2948 | 3104 |
| Creditors | 133 | 135 | 100 | 226 | 307 |
| Short Term Borrowing | 310 | 197 | 115 | 485 | 0 |
| Other Current Liabilities | 515 | 569 | 584 | 543 | 652 |
| Total Current Liabilities | 958 | 901 | 799 | 1254 | 959 |
| Net Current Assets | 1166 | 1072 | 1114 | 1694 | 2145 |
| Shareholders Funds | 1245 | 1149 | 1165 | 1755 | 2219 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 12 | 13 | 11 | 15 | 18 |
| Total Capital Employed | 1257 | 1162 | 1176 | 1770 | 2237 |
| Pretax Profit Margin % | 16.31 | 16.08 | 15.03 | 15.79 | 17.15 |
| Sales Growth % | 6 | -13 | 9 | 15 | 18 |
| Pretax Profit Growth % | 15 | -14 | 2 | 21 | 28.20 |
| Debtor Ratio Days | 39 | 64 | 37 | 48 | 47.5073529411765 |
| Creditor Ratio Days | 11 | 13 | 9 | 17 | 19.3226307189542 |
| Stock Turnover | 10 | 10 | 13 | 8 | 8.2702702702703 |
| Sales £000 / Employee | 159 | 150 | 164 | 169 | 185.710344827587 |
| Value Added £000/Empl. | 81 | 80 | 82 | 81 | 87.4021040327297 |
| Av. Remun. £000 / Empl. | 53 | 54 | 57 | 54 | 53.7931034482759 |
| Total Empl. Remu. £000 | 1486 | 1402 | 1469 | 1560 | 1673.45454545454 |
| Employees | 28 | 26 | 26 | 29 | 31.1090909090908 |
| Pretax Profit/Total Assets % | 33 | 30 | 32 | 26 | 31 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, in line with the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 15.0% in the latest year, well above the industry average of 5.8%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 22% towards the Total Sales of the company.
- Pretax Profit Margin is 15.8% in the latest year, well above the industry average of 10.4%.
- Formal debt of the company has increased by £370,000, a rise of 322%.
- The Trading Stability chart shows a well above 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 the only Best Trading Partner in this industry (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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is the best in terms of Pretax Profit Return on Owners Funds in this industry.
- The company is among the Top 11 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £4.9m sales and made £773,000, by following the proposal plan, sales would rise to £5.8m and profits would rise to £991,000.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £4.9m TO SALES
- 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
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 4458 | 3894 | 4257 | 4896 | 5777 |
| Pre-tax Profit (£000) | 727 | 626 | 640 | 773 | 991 |
| Total Value (£000) | 5101 | 4806 | 4537 | 5588 | 7245 |
| Asset Value (£000) | 1021 | 1161 | 827 | 1308 | 1545 |
| Goodwill (£000) | 4080 | 3645 | 3710 | 4280 | 5700 |
| Liabilities (£000) | 225 | -12 | 338 | 448 | 674 |
| Equity Value (£000) | 5326 | 4794 | 4875 | 6036 | 7919 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ENRX HOLDING AS
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 51 years.
The number of shareholders is low (1)
The total value of the company is currently £5.6m 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 31% return on total assets.
The company's value would increase by 30% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 39%.
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