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Smurfit westrock consumer belfast ltd
Registration Number
NI004663Incorporation Date
30/08/1960Last Annual Return
Not availableAddress
Enterprise Way, Hightown Industrial Estate, Newtownabbey, County Antrim. BT36 4EW
Website
www.westrock.comAudit Fees
£44,000Secretary
Not available
Directors
Active
Mr Jonathan Drennan (47 yrs)
Active
Mr Eamon McMaugh (47 yrs)
Active
Mr Robert Howlett (51 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 31-Dec-24 | 01-Apr-26 |
| Weeks | 52 | 52 | 52 | 65 | 65 |
| Total Sales (£000) | 35822 | 41185 | 48938 | 55653 | 64817 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 7801 | 8979 | 8675 | 13838 | 16117 |
| Value Added | 12507 | 13873 | 14267 | 18933 | 31105 |
| Trading Profit | 5498 | 6221 | 5918 | 8582 | 20166 |
| Depreciation | 998 | 987 | 1050 | 1282 | |
| Non-Trading Income | 827 | 1373 | 4519 | 7923 | 0 |
| Total Interest Charges | 26 | 184 | 505 | 477 | 572 |
| Pre-tax Profit | 5301 | 6423 | 8882 | 14746 | 18056 |
| Retained Profit (Shareholders Funds) | 5191 | 6429 | 6857 | 11023 | 8848 |
| Fixed Assets | 9180 | 8446 | 8924 | 10172 | 12206 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 3666 | 4604 | 6810 | 4305 | 5014 |
| Debtors | 4515 | 6986 | 6057 | 7042 | 8202 |
| Cash or Equivalent | 88845 | 92755 | 99551 | 114030 | 113470 |
| Total Current Assets | 97026 | 104345 | 112418 | 125377 | 126686 |
| Creditors | 4274 | 4456 | 2842 | 3556 | 4763 |
| Short Term Borrowing | 935 | 919 | 3334 | 7109 | 0 |
| Other Current Liabilities | 1113 | 1144 | 2155 | 1056 | 1267 |
| Total Current Liabilities | 6322 | 6519 | 8331 | 11721 | 6030 |
| Net Current Assets | 90704 | 97826 | 104087 | 113656 | 120656 |
| Shareholders Funds | 98581 | 105010 | 111867 | 122890 | 131738 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 1303 | 1262 | 1144 | 937 | 1124 |
| Total Capital Employed | 99884 | 106272 | 113011 | 123827 | 132862 |
| Pretax Profit Margin % | 14.8 | 15.6 | 18.15 | 26.5 | 27.86 |
| Sales Growth % | 8 | 15 | 19 | 14 | 16 |
| Pretax Profit Growth % | -21 | 21 | 38 | 66 | 22.00 |
| Debtor Ratio Days | 46 | 62 | 45 | 58 | 57.5729969633263 |
| Creditor Ratio Days | 43 | 39 | 21 | 29 | 33.4335435645878 |
| Stock Turnover | 10 | 9 | 7 | 13 | 12.9275261324042 |
| Sales £000 / Employee | 207 | 256 | 293 | 316 | 347.83125 |
| Value Added £000/Empl. | 72 | 86 | 85 | 108 | 167.231182795699 |
| Av. Remun. £000 / Empl. | 41 | 48 | 50 | 59 | 58.8125 |
| Total Empl. Remu. £000 | 7009 | 7652 | 8349 | 10351 | 10939.125 |
| Employees | 173 | 161 | 167 | 176 | 186 |
| Pretax Profit/Total Assets % | 5 | 6 | 7 | 11 | 13 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 13.7% in the latest year, well above the industry average of 0.7%.
- The company lies an excellent 5th in terms of Pretax Profits in this industry.
- Gross Profit Margin has markedly improved from 17.7% to 24.9% in the latest year.
- Sales per Employee is £316,000 which is well above the industry average of £195,000.
- The average salary is £59,000 which is well above the industry average of £43,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 59% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years. Only 7 other companies achieved this.
- Pretax Profit Margin is 26.5% in the latest year, well above the industry average of 4.5%.
- Pretax Profit Margin has markedly improved from 18.1% to 26.5% in the latest year.
- Non Trading Income of £7.9m makes a large contribution to pretax profits of £14.7m.
- Formal debt of the company has increased by £3.8m, a rise of 113%.
Company Summary
The company currently has £55.7m sales and made £14.7m, by following the proposal plan, sales would rise to £64.8m and profits would rise to £18.1m.
Key Attractiveness Features
- ADD £55.7m TO SALES
- ATTRACTIVE PRICE
- 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-Sep-21 | 30-Sep-22 | 30-Sep-23 | 31-Dec-24 | 01-Apr-26 |
| Total Sales (£000) | 35822 | 41185 | 48938 | 55653 | 64817 |
| Pre-tax Profit (£000) | 5301 | 6423 | 8882 | 14746 | 18056 |
| Total Value (£000) | 39861 | 46206 | 46131 | 58019 | 118562 |
| Asset Value (£000) | 17361 | 20036 | 21791 | 21519 | 25422 |
| Goodwill (£000) | 22500 | 26170 | 24340 | 36500 | 93140 |
| Liabilities (£000) | 81220 | 84974 | 90076 | 101372 | 106316 |
| Equity Value (£000) | 121081 | 131180 | 136207 | 159391 | 224878 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
WILLIAM W. CLELAND HOLDINGS LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 66 years.
The number of shareholders is low (1).
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £58.0m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 13% return on total assets.
The company's value would increase by 104% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 59%.
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