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Ascot doors ltd
Registration Number
01574755Incorporation Date
16/07/1981Last Annual Return
Not availableAddress
Union Road, Bolton, Lancashire. BL2 2HE
Website
www.ascotdoors.co.ukAudit Fees
£21,000Secretary
Not available
Directors
Active
Mr Paul Hunt (56 yrs)
Active
Mr Ronald Robinson (78 yrs)
Active
Mr Michael Anthony Welden (56 yrs)
Active
Mr Darren Powell (49 yrs)
Active
Mr Michael Walton (61 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) | 10613 | 11717 | 13669 | 14449 | 15339 |
| Directors Fees | 236 | 264 | 277 | 279 | 301 |
| Gross Profits | 2843 | 3038 | 3745 | 4473 | 4749 |
| Value Added | 2742 | 2916 | 3647 | 4310 | 4309 |
| Trading Profit | 67 | 259 | 680 | 1115 | 1225 |
| Depreciation | 87 | 129 | 166 | 214 | |
| Non-Trading Income | 0 | 0 | 0 | 1 | 0 |
| Total Interest Charges | 47 | 37 | 47 | 50 | 54 |
| Pre-tax Profit | -67 | 93 | 467 | 852 | 940 |
| Retained Profit (Shareholders Funds) | -28 | -1 | 297 | 507 | 511 |
| Fixed Assets | 319 | 397 | 478 | 558 | 603 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1205 | 1382 | 1425 | 1235 | 1311 |
| Debtors | 2968 | 3438 | 3710 | 3803 | 4037 |
| Cash or Equivalent | 2019 | 1412 | 1420 | 2823 | 1882 |
| Total Current Assets | 6192 | 6232 | 6555 | 7861 | 7230 |
| Creditors | 2080 | 2655 | 2449 | 2287 | 2792 |
| Short Term Borrowing | 875 | 472 | 983 | 1439 | 0 |
| Other Current Liabilities | 990 | 589 | 565 | 1142 | 1233 |
| Total Current Liabilities | 3945 | 3716 | 3997 | 4868 | 4025 |
| Net Current Assets | 2247 | 2516 | 2558 | 2993 | 3205 |
| Shareholders Funds | 2369 | 2368 | 2665 | 3172 | 3683 |
| Total Loan Capital | 131 | 479 | 253 | 263 | 0 |
| Other Capital Employed | 66 | 66 | 116 | 116 | 125 |
| Total Capital Employed | 2566 | 2913 | 3034 | 3551 | 3808 |
| Pretax Profit Margin % | -0.63 | 0.79 | 3.42 | 5.9 | 6.13 |
| Sales Growth % | 4 | 10 | 17 | 6 | 6 |
| Pretax Profit Growth % | -134 | 239 | 402 | 82 | 10.33 |
| Debtor Ratio Days | 102 | 107 | 99 | 96 | 95.8053844556717 |
| Creditor Ratio Days | 71 | 82 | 65 | 58 | 66.2563637621981 |
| Stock Turnover | 9 | 8 | 10 | 12 | 11.6995951417004 |
| Sales £000 / Employee | 125 | 136 | 152 | 152 | 167.304210526316 |
| Value Added £000/Empl. | 32 | 34 | 41 | 45 | 46.9973103541824 |
| Av. Remun. £000 / Empl. | 31 | 31 | 33 | 34 | 33.6315789473684 |
| Total Empl. Remu. £000 | 2675 | 2657 | 2967 | 3195 | 3083.54824120938 |
| Employees | 85 | 86 | 90 | 95 | 91.686097938933 |
| Pretax Profit/Total Assets % | -1 | 1 | 7 | 10 | 12 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Total Sales have increased by 5.7% in the latest year, well above the industry average of 4.2%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 3.4% to 5.9% in the latest year.
- The £279,000 directors fees figure disclosed significantly affects the profitability of the company.
- Formal debt of the company has increased by £466,000, a rise of 38%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 5 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 19 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 11 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 172 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £14.4m sales and made £852,000, by following the proposal plan, sales would rise to £15.3m and profits would rise to £940,000.
Key Attractiveness Features
- ADD £14.4m TO SALES
- HIGH AVERAGE AGE
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) | 10613 | 11717 | 13669 | 14449 | 15339 |
| Pre-tax Profit (£000) | -67 | 93 | 467 | 852 | 940 |
| Total Value (£000) | 5572 | 7187 | 9568 | 11496 | 12426 |
| Asset Value (£000) | 4492 | 5217 | 5613 | 5596 | 5951 |
| Goodwill (£000) | 1080 | 1970 | 3955 | 5900 | 6475 |
| Liabilities (£000) | -2123 | -2849 | -2946 | -2424 | -2268 |
| Equity Value (£000) | 3449 | 4338 | 6622 | 9072 | 10158 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BREAL CAPITAL (ASCOT) LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 44 years.
The number of shareholders is low (1)
1 director is over 70 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 £11.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 12% return on total assets.
The proposed plan would improve the overall financial strength of the company by 25%.
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