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Druck ltd
Registration Number
01590333Incorporation Date
09/10/1981Last Annual Return
Not availableAddress
2 Groby Trading Estate, Fir Tree Lane, Leicester, Leicestershire. LE6 0FH
Website
www.gemeasurement.comAudit Fees
£100,000Secretary
Ms Lorraine Amanda Dunlop
Directors
Active
Ms Helen Claire Aitchison (54 yrs)
Active
Mr Oluwagbemiga Okunola (35 yrs)
Active
Mr Gordon Stewart Docherty (49 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) | 103308 | 95414 | 115820 | 133106 | 137079 |
| Directors Fees | 885 | 546 | 646 | 752 | 752 |
| Gross Profits | 54362 | 50262 | 59599 | 67875 | 69901 |
| Value Added | 38256 | 29524 | 36540 | 45358 | 56764 |
| Trading Profit | 8484 | -1711 | 2288 | 4309 | 18333 |
| Depreciation | 2502 | 2513 | 2599 | 2822 | |
| Non-Trading Income | 175 | 86 | 1103 | 3811 | 0 |
| Total Interest Charges | 18 | 14 | 9 | 19 | 17 |
| Pre-tax Profit | 6139 | -4152 | 783 | 5279 | 15776 |
| Retained Profit (Shareholders Funds) | 321 | -3873 | -9238 | 7773 | 3167 |
| Fixed Assets | 25234 | 24511 | 25729 | 26385 | 25066 |
| Intangibles | 7099 | 5954 | 4956 | 4599 | 4369 |
| Intermediate Assets | 25000 | 11364 | 1655 | 1655 | 1572 |
| Stocks | 17251 | 18163 | 21683 | 24578 | 21093 |
| Debtors | 9953 | 10408 | 16436 | 16558 | 14494 |
| Cash or Equivalent | 94376 | 104314 | 105120 | 103669 | 91162 |
| Total Current Assets | 121580 | 132885 | 143239 | 144805 | 126749 |
| Creditors | 6090 | 8507 | 10965 | 10671 | 12638 |
| Short Term Borrowing | 31560 | 26773 | 34761 | 24661 | 0 |
| Other Current Liabilities | 7874 | 10019 | 10187 | 14827 | 14827 |
| Total Current Liabilities | 45524 | 45299 | 55913 | 50159 | 27465 |
| Net Current Assets | 76056 | 87586 | 87326 | 94646 | 99284 |
| Shareholders Funds | 131221 | 127348 | 118110 | 125883 | 129050 |
| Total Loan Capital | 291 | 131 | 104 | 161 | 0 |
| Other Capital Employed | 1877 | 1936 | 1452 | 1241 | 1241 |
| Total Capital Employed | 133389 | 129415 | 119666 | 127285 | 130291 |
| Pretax Profit Margin % | 5.94 | -4.35 | 0.68 | 3.97 | 11.51 |
| Sales Growth % | -21 | -8 | 21 | 15 | 3 |
| Pretax Profit Growth % | -70 | -168 | 119 | 574 | 199.00 |
| Debtor Ratio Days | 35 | 40 | 52 | 45 | 38.4884618274158 |
| Creditor Ratio Days | 21 | 32 | 34 | 29 | 33.5588222920079 |
| Stock Turnover | 6 | 5 | 5 | 5 | 6.4987875335666 |
| Sales £000 / Employee | 167 | 149 | 176 | 189 | 207.38895184136 |
| Value Added £000/Empl. | 62 | 46 | 56 | 64 | 85.879024069521 |
| Av. Remun. £000 / Empl. | 48 | 49 | 52 | 58 | 58.143059490085 |
| Total Empl. Remu. £000 | 29772 | 31235 | 34252 | 41049 | 38431.1846187657 |
| Employees | 620 | 642 | 657 | 706 | 660.976304924568 |
| Pretax Profit/Total Assets % | 3 | -2 | 0 | 3 | 10 |
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 14.9% in the latest year, well above the industry average of -0.8%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- Gross Profit Margin is 51.0% in the latest year, well above the industry average of 38.0%.
- The average salary is £58,000 which is well above the industry average of £50,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 68% towards the Total Sales of the company.
- Pretax Profit Margin has markedly improved from 0.7% to 4.0% in the latest year.
- Non Trading Income of £3.8m makes a large contribution to pretax profits of £5.3m.
- Formal debt of the company has decreased by £10.0m, a fall of 29%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The company is among the Top 7 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 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £133m sales and made £5.3m, by following the proposal plan, sales would be level but profits would rise to £15.8m.
Key Attractiveness Features
- ADD £133m 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 | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 103308 | 95414 | 115820 | 133106 | 137079 |
| Pre-tax Profit (£000) | 6139 | -4152 | 783 | 5279 | 15776 |
| Total Value (£000) | 118872 | 52010 | 72134 | 84970 | 149319 |
| Asset Value (£000) | 84537 | 70400 | 70459 | 73775 | 66594 |
| Goodwill (£000) | 34335 | -18390 | 1675 | 11195 | 82725 |
| Liabilities (£000) | 46684 | 56948 | 47651 | 52108 | 62456 |
| Equity Value (£000) | 165556 | 108958 | 119785 | 137078 | 211775 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BH TECHNOLOGIES LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 44 years.
The number of shareholders is low (1)
1 director is under 40 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 £85.0m 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 company's value would increase by 76% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 73%.
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