Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
M.j. Abbott ltd
Registration Number
01930335Incorporation Date
12/07/1985Last Annual Return
Not availableAddress
Bratch Lane, Dinton, Salisbury, Wiltshire. SP3 5EB
Website
www.mjabbott.co.ukAudit Fees
£25,000Secretary
Mr Andrew James Leah
Directors
Active
Mr Adrian John Abbott (55 yrs)
Active
Mr Steven John Briggs (55 yrs)
Active
Mr Graham James Humphries (44 yrs)
Active
Mr James Richard Price (44 yrs)
Active
Mr Jonathan Mark Abbott (58 yrs)
Active
Mr Nathan Derek George (52 yrs)
Active
Mr Andrew James Leah (51 yrs)
Active
Mr Michael John Regan (55 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) | 25261 | 29836 | 37357 | 44577 | 52601 |
| Directors Fees | 822 | 1280 | 1390 | 1588 | 1906 |
| Gross Profits | 4000 | 4834 | 5639 | 6790 | 8012 |
| Value Added | 8016 | 9209 | 10194 | 12081 | 13922 |
| Trading Profit | 2009 | 2431 | 2856 | 3975 | 5226 |
| Depreciation | 833 | 879 | 1026 | 1313 | |
| Non-Trading Income | 0 | 200 | 402 | 413 | 0 |
| Total Interest Charges | 42 | 56 | 79 | 146 | 175 |
| Pre-tax Profit | 1134 | 1696 | 2153 | 2929 | 3475 |
| Retained Profit (Shareholders Funds) | 907 | 359 | 355 | 815 | 1757 |
| Fixed Assets | 4282 | 4985 | 5912 | 6896 | 8275 |
| Intangibles | 10 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1695 | 1189 | 1258 | 1381 | 1630 |
| Debtors | 3195 | 2866 | 3719 | 5526 | 6521 |
| Cash or Equivalent | 4379 | 5647 | 7220 | 6356 | 4014 |
| Total Current Assets | 9269 | 9702 | 12197 | 13263 | 12165 |
| Creditors | 2994 | 2770 | 4554 | 4176 | 5667 |
| Short Term Borrowing | 701 | 1203 | 1563 | 1625 | 0 |
| Other Current Liabilities | 2637 | 1698 | 1940 | 3366 | 4039 |
| Total Current Liabilities | 6332 | 5671 | 8057 | 9167 | 9706 |
| Net Current Assets | 2937 | 4031 | 4140 | 4096 | 2459 |
| Shareholders Funds | 5791 | 6150 | 6505 | 7320 | 9077 |
| Total Loan Capital | 738 | 1941 | 2378 | 2293 | 0 |
| Other Capital Employed | 701 | 926 | 1169 | 1381 | 1657 |
| Total Capital Employed | 7230 | 9017 | 10052 | 10994 | 10734 |
| Pretax Profit Margin % | 4.49 | 5.68 | 5.76 | 6.57 | 6.61 |
| Sales Growth % | 21 | 18 | 25 | 19 | 18 |
| Pretax Profit Growth % | 29 | 50 | 27 | 36 | 18.64 |
| Debtor Ratio Days | 46 | 35 | 36 | 45 | 45.1233595800525 |
| Creditor Ratio Days | 43 | 34 | 44 | 34 | 39.2146981627297 |
| Stock Turnover | 15 | 25 | 30 | 32 | 32.2787834902245 |
| Sales £000 / Employee | 196 | 215 | 258 | 303 | 333.569387755103 |
| Value Added £000/Empl. | 62 | 66 | 70 | 82 | 88.2866366885739 |
| Av. Remun. £000 / Empl. | 47 | 49 | 51 | 55 | 55.1428571428571 |
| Total Empl. Remu. £000 | 6007 | 6778 | 7338 | 8106 | 8695.52727272726 |
| Employees | 129 | 139 | 145 | 147 | 157.690909090909 |
| Pretax Profit/Total Assets % | 8 | 12 | 12 | 15 | 17 |
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 19.3% in the latest year, well above the industry average of -11.0%.
- Sales per Employee is £303,000 which is well above the industry average of £175,000.
- The average salary is £55,000 which is well above the industry average of £41,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 15% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years. The only company to do so.
- The £1.6m directors fees figure disclosed significantly affects the profitability of the company.
- Shareholders received £1.5m in dividends this year, over 51% of the pretax profits of the company.
- 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 2 companies listed under the Sales Return on Total Assets category (see section 2.2c).
Company Summary
The company currently has £44.6m sales and made £2.9m, by following the proposal plan, sales would rise to £52.6m and profits would rise to £3.5m.
Key Attractiveness Features
- ADD £44.6m TO SALES
- 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-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 25261 | 29836 | 37357 | 44577 | 52601 |
| Pre-tax Profit (£000) | 1134 | 1696 | 2153 | 2929 | 3475 |
| Total Value (£000) | 19172 | 23200 | 26989 | 35053 | 44206 |
| Asset Value (£000) | 9182 | 9040 | 10889 | 13803 | 16426 |
| Goodwill (£000) | 9990 | 14160 | 16100 | 21250 | 27780 |
| Liabilities (£000) | -3392 | -2891 | -4384 | -6485 | -7349 |
| Equity Value (£000) | 15780 | 20309 | 22605 | 28568 | 36857 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
M.J. ABBOTT HOLDINGS LTD
Immediate Shareholder: See Shareholders
Subsidiaries
LANDSCAPE WATERING SYSTEMS LTD
Acquisition / Valuation Comments
This company has been established 40 years.
The number of shareholders is low (1)
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 £35.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 17% return on total assets.
The company's value would increase by 26% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 14%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo