Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
Vega controls ltd
Registration Number
01630396Incorporation Date
20/04/1982Last Annual Return
Not availableAddress
Metior House, Ashdown Business Park, Uckfield, East Sussex. TN22 2DU
Website
www.vega.com/ukAudit Fees
£10,000Secretary
Mr Kevin Griffiths
Directors
Active
Mr Douglas Anderson (59 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) | 10751 | 12971 | 15829 | 19191 | 20006 |
| Directors Fees | 289 | 288 | 313 | 186 | 186 |
| Gross Profits | 4152 | 5440 | 5998 | 6480 | 6755 |
| Value Added | 3065 | 4201 | 4499 | 4662 | 4733 |
| Trading Profit | 302 | 1264 | 1329 | 1441 | 1680 |
| Depreciation | 95 | 401 | 349 | 358 | |
| Non-Trading Income | 5 | 0 | 5 | 23 | 0 |
| Total Interest Charges | 22 | 27 | 23 | 17 | 15 |
| Pre-tax Profit | 190 | 836 | 962 | 1089 | 1343 |
| Retained Profit (Shareholders Funds) | 142 | 590 | 771 | 765 | 653 |
| Fixed Assets | 9452 | 9204 | 8945 | 8895 | 8450 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 169 | 268 | 270 | 1289 | 1120 |
| Debtors | 2303 | 3018 | 3073 | 3908 | 3463 |
| Cash or Equivalent | 2370 | 2674 | 2424 | 1571 | 392.75 |
| Total Current Assets | 4842 | 5960 | 5767 | 6768 | 4976 |
| Creditors | 827 | 502 | 90 | 188 | 225 |
| Short Term Borrowing | 2380 | 1227 | 1910 | 2111 | 0 |
| Other Current Liabilities | 0 | 1274 | 646 | 546 | 546 |
| Total Current Liabilities | 3207 | 3003 | 2646 | 2845 | 771 |
| Net Current Assets | 1635 | 2957 | 3121 | 3923 | 4205 |
| Shareholders Funds | 8641 | 9231 | 10002 | 10767 | 11420 |
| Total Loan Capital | 2208 | 2596 | 1737 | 1737 | 919.75 |
| Other Capital Employed | 237 | 334 | 328 | 315 | 315 |
| Total Capital Employed | 11086 | 12161 | 12067 | 12819 | 12655 |
| Pretax Profit Margin % | 1.77 | 6.45 | 6.08 | 5.67 | 6.71 |
| Sales Growth % | -23 | 21 | 22 | 21 | 4 |
| Pretax Profit Growth % | -81 | 340 | 15 | 13 | 23.00 |
| Debtor Ratio Days | 78 | 85 | 71 | 74 | 63.005325412954 |
| Creditor Ratio Days | 28 | 14 | 2 | 4 | 4.1007138762962 |
| Stock Turnover | 64 | 48 | 59 | 15 | 17.8659425911559 |
| Sales £000 / Employee | 250 | 309 | 352 | 384 | 422.202 |
| Value Added £000/Empl. | 71 | 100 | 100 | 93 | 99.8830677397068 |
| Av. Remun. £000 / Empl. | 64 | 70 | 70 | 64 | 64.42 |
| Total Empl. Remu. £000 | 2763 | 2937 | 3170 | 3221 | 3052.56803680242 |
| Employees | 43 | 42 | 45 | 50 | 47.3854088295936 |
| Pretax Profit/Total Assets % | 1 | 6 | 7 | 7 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 21.2% in the latest year, well above the industry average of 2.8%.
- Sales per Employee is £384,000 which is well above the industry average of £215,000.
- The average salary is £64,000 which is well above the industry average of £52,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 3 other companies achieved this.
- The formal debt of the company is high, representing 20% of Total Sales.
- The company is among the Top 8 companies listed as a Best Trading Partner (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 13 Leaders in Efficiency.
- The company is among the Top 63 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £19.2m sales and made £1.1m, by following the proposal plan, sales would be level but profits would rise to £1.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £19.2m TO SALES
- 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 | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 10751 | 12971 | 15829 | 19191 | 20006 |
| Pre-tax Profit (£000) | 190 | 836 | 962 | 1089 | 1343 |
| Total Value (£000) | 14404 | 18245 | 18753 | 20437 | 20753 |
| Asset Value (£000) | 11924 | 12490 | 12288 | 14092 | 13033 |
| Goodwill (£000) | 2480 | 5755 | 6465 | 6345 | 7720 |
| Liabilities (£000) | -3282 | -3259 | -2287 | -3326 | -1613 |
| Equity Value (£000) | 11122 | 14986 | 16466 | 17111 | 19140 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
Not available
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 43 years.
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 £20.4m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 140%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo