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Lochain patrick insurance brokers ltd
Registration Number
00153365Incorporation Date
25/02/1919Last Annual Return
Not availableAddress
Number One Minster Court, St. Clare House, London, London. EC3N 1DD
Website
www.lpib.co.ukAudit Fees
£32,000Secretary
Not available
Directors
Active
Mr David Howard Griffiths (69 yrs)
Active
Mr Stephen Mead (61 yrs)
Active
Mr Robert William Hubbard (56 yrs)
Active
Mr James Roger Stevenson (61 yrs)
| 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) | 6905 | 8567 | 11370 | 15217 | 17956 |
| Directors Fees | 1115 | 1162 | 1315 | 1865 | 2238 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 5820 | 7387 | 9131 | 13466 | 16431 |
| Trading Profit | 1781 | 2598 | 3386 | 6097 | 8526 |
| Depreciation | 23 | 31 | 42 | 52 | |
| Non-Trading Income | 11 | 2 | 15 | 86 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1769 | 2569 | 3359 | 6131 | 8464 |
| Retained Profit (Shareholders Funds) | 1423 | 2073 | 2620 | 4560 | 3679 |
| Fixed Assets | 82 | 74 | 105 | 61 | 73 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 1035 | 1035 | 1035 | 1035 | 1242 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 5827 | 4755 | 2620 | 1639 | 1934 |
| Cash or Equivalent | 22424 | 23561 | 28233 | 33235 | 39069 |
| Total Current Assets | 28251 | 28316 | 30853 | 34874 | 41003 |
| Creditors | 15647 | 13240 | 12116 | 9170 | 12444 |
| Short Term Borrowing | 1288 | 1313 | 1357 | 1626 | 0 |
| Other Current Liabilities | 1615 | 1980 | 3010 | 5103 | 6124 |
| Total Current Liabilities | 18550 | 16533 | 16483 | 15899 | 18568 |
| Net Current Assets | 9701 | 11783 | 14370 | 18975 | 22435 |
| Shareholders Funds | 10818 | 12891 | 15511 | 20071 | 23750 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 10818 | 12891 | 15511 | 20071 | 23750 |
| Pretax Profit Margin % | 25.62 | 29.99 | 29.54 | 40.29 | 47.14 |
| Sales Growth % | -5 | 24 | 33 | 34 | 18 |
| Pretax Profit Growth % | -39 | 45 | 31 | 83 | 38.05 |
| Debtor Ratio Days | 307 | 202 | 84 | 39 | 39.2058881514096 |
| Creditor Ratio Days | 825 | 563 | 388 | 219 | 252.254846553197 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 168 | 182 | 237 | 311 | 341.606122448979 |
| Value Added £000/Empl. | 142 | 157 | 190 | 275 | 312.592528536838 |
| Av. Remun. £000 / Empl. | 99 | 102 | 120 | 150 | 150.387755102041 |
| Total Empl. Remu. £000 | 4039 | 4789 | 5745 | 7369 | 7904.92727272729 |
| Employees | 41 | 47 | 48 | 49 | 52.5636363636364 |
| Pretax Profit/Total Assets % | 6 | 9 | 10 | 17 | 20 |
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 33.8% in the latest year, well above the industry average of 6.8%.
- Sales per Employee is £311,000 which is well above the industry average of £118,000.
- The average salary is £150,000 which is well above the industry average of £55,000.
- Exports contribute 99% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years.Only 38 other companies achieved this.
- Pretax Profit Margin is 40.3% in the latest year, well above the industry average of 22.3%.
- Pretax Profit Margin has markedly improved from 29.5% to 40.3% 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 among the Top 58 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 403 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £15.2m sales and made £6.1m, by following the proposal plan, sales would rise to £18.0m and profits would rise to £8.5m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £15.2m TO SALES
- ATTRACTIVE RATING
- 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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 6905 | 8567 | 11370 | 15217 | 17956 |
| Pre-tax Profit (£000) | 1769 | 2569 | 3359 | 6131 | 8464 |
| Total Value (£000) | 21309 | 24509 | 27055 | 42285 | 56759 |
| Asset Value (£000) | 6944 | 5864 | 3760 | 2735 | 3249 |
| Goodwill (£000) | 14365 | 18645 | 23295 | 39550 | 53510 |
| Liabilities (£000) | 3874 | 7028 | 11750 | 17336 | 20501 |
| Equity Value (£000) | 25183 | 31537 | 38805 | 59621 | 77260 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HW KAUFMAN FINANCIAL GROUP INC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
LOCHAIN PATRICK TWO LTD
Acquisition / Valuation Comments
This company has been established 106 years.
The number of shareholders is low (1)
3 directors are 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 £42.3m 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 20% return on total assets.
The company's value would increase by 34% if the proposed business plan was followed.
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