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Rockline industries ltd
Registration Number
03025769Incorporation Date
23/02/1995Last Annual Return
Not availableAddress
Unit 25, The Washford Industrial Estate, Redditch, Worcestershire. B98 0DH
Website
www.rocklineind.comAudit Fees
£13,000Secretary
Mr Simon David Graham Ellis
Directors
Active
Mr James Andrew Potter (48 yrs)
Active
Mr Randy Rudolph (71 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 30-Jun-25 | 29-Jun-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 47274 | 57625 | 59815 | 65058 | 71901 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 11259 | 14949 | 17778 | 19753 | 21831 |
| Value Added | 10513 | 13750 | 16411 | 18902 | 20183 |
| Trading Profit | -765 | 2049 | 3791 | 4843 | 6046 |
| Depreciation | 947 | 1222 | 1167 | 1207 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 182 | 512 | 295 | 306 | 367 |
| Pre-tax Profit | -1894 | 315 | 2329 | 3330 | 4231 |
| Retained Profit (Shareholders Funds) | -3118 | 839 | 2251 | 4135 | 1998 |
| Fixed Assets | 11537 | 10732 | 11086 | 12080 | 14496 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 4602 | 5310 | 4931 | 6655 | 7355 |
| Debtors | 9976 | 10335 | 13285 | 11688 | 12917 |
| Cash or Equivalent | 448 | 1973 | 748 | 1958 | 489.5 |
| Total Current Assets | 15026 | 17618 | 18964 | 20301 | 20762 |
| Creditors | 3932 | 5168 | 5349 | 5444 | 6919 |
| Short Term Borrowing | 902 | 0 | 1041 | 0 | 0 |
| Other Current Liabilities | 2325 | 2073 | 2031 | 2339 | 2807 |
| Total Current Liabilities | 7159 | 7241 | 8421 | 7783 | 9726 |
| Net Current Assets | 7867 | 10377 | 10543 | 12518 | 11036 |
| Shareholders Funds | 8240 | 9079 | 11330 | 15465 | 17463 |
| Total Loan Capital | 11164 | 12031 | 10298 | 9132 | 8068.5 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 19404 | 21110 | 21628 | 24597 | 25532 |
| Pretax Profit Margin % | -4.01 | 0.55 | 3.89 | 5.12 | 5.88 |
| Sales Growth % | -20 | 22 | 4 | 9 | 11 |
| Pretax Profit Growth % | -218 | 117 | 639 | 43 | 27.00 |
| Debtor Ratio Days | 77 | 65 | 81 | 65 | 65.3944480309877 |
| Creditor Ratio Days | 30 | 33 | 33 | 30 | 35.0281041532171 |
| Stock Turnover | 10 | 11 | 12 | 10 | 9.775807663411 |
| Sales £000 / Employee | 133 | 164 | 174 | 180 | 198.237673130193 |
| Value Added £000/Empl. | 30 | 39 | 48 | 52 | 55.6005509641873 |
| Av. Remun. £000 / Empl. | 32 | 33 | 37 | 39 | 38.9445983379501 |
| Total Empl. Remu. £000 | 11278 | 11701 | 12620 | 14059 | 14136.8891966759 |
| Employees | 355 | 351 | 343 | 361 | 363 |
| Pretax Profit/Total Assets % | -7 | 1 | 8 | 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 8.8% in the latest year, well above the industry average of 2.1%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 3.9% to 5.1% 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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 178 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £65.1m sales and made £3.3m, by following the proposal plan, sales would rise to £71.9m and profits would rise to £4.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £65.1m TO SALES
- ATTRACTIVE RATING
- 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 | 30-Jun-22 | 30-Jun-23 | 30-Jun-24 | 30-Jun-25 | 29-Jun-26 |
| Total Sales (£000) | 47274 | 57625 | 59815 | 65058 | 71901 |
| Pre-tax Profit (£000) | -1894 | 315 | 2329 | 3330 | 4231 |
| Total Value (£000) | 17555 | 30512 | 42422 | 48603 | 57758 |
| Asset Value (£000) | 26115 | 26377 | 29302 | 30423 | 34768 |
| Goodwill (£000) | -8560 | 4135 | 13120 | 18180 | 22990 |
| Liabilities (£000) | -17875 | -17299 | -17971 | -14957 | -17305 |
| Equity Value (£000) | -320 | 13213 | 24451 | 33646 | 40453 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ROCKLINE INDUSTRIES INC
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 31 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 total value of the company is currently £48.6m including debts.
The equity value, after deducting debts is £33.6m.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 12% return on total assets.
The company's value would increase by 19% if the proposed business plan was followed.
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