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Bid group ltd
Registration Number
02493093Incorporation Date
18/04/1990Last Annual Return
Not availableAddress
Unit C, Elland Cl, Wingates Industrial Est, Bolton, Lancashire. BL5 3XE
Website
www.bidgroup.co.ukAudit Fees
£17,000Secretary
Ms Alison Thompson
Directors
Active
Mr Michael Calderbank (61 yrs)
Active
Mr Peter Jonathan Thompson (65 yrs)
Active
Mr Neil Rothwell (53 yrs)
Active
Ms Alison Thompson (62 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 12587 | 15540 | 18355 | 19419 | 20635 |
| Directors Fees | 180 | 212 | 252 | 158 | 171 |
| Gross Profits | 4925 | 5962 | 6883 | 7596 | 8072 |
| Value Added | 6858 | 7786 | 8975 | 9984 | 10131 |
| Trading Profit | 1380 | 1889 | 2102 | 2245 | 2655 |
| Depreciation | 548 | 586 | 640 | 721 | |
| Non-Trading Income | 0 | 0 | 33 | 88 | 0 |
| Total Interest Charges | 47 | 47 | 87 | 147 | 159 |
| Pre-tax Profit | 785 | 1256 | 1408 | 1465 | 1717 |
| Retained Profit (Shareholders Funds) | 137 | 577 | 697 | 548 | 879 |
| Fixed Assets | 1512 | 1472 | 2190 | 2672 | 2886 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 826 | 1298 | 1381 | 1946 | 2068 |
| Debtors | 2275 | 3711 | 3760 | 3545 | 3767 |
| Cash or Equivalent | 3509 | 3306 | 3996 | 4309 | 3544 |
| Total Current Assets | 6610 | 8315 | 9137 | 9800 | 9379 |
| Creditors | 1376 | 1941 | 2023 | 1958 | 2393 |
| Short Term Borrowing | 476 | 415 | 565 | 694 | 0 |
| Other Current Liabilities | 1625 | 2267 | 2217 | 2692 | 2907 |
| Total Current Liabilities | 3477 | 4623 | 4805 | 5344 | 5300 |
| Net Current Assets | 3133 | 3692 | 4332 | 4456 | 4079 |
| Shareholders Funds | 3603 | 4180 | 4877 | 5425 | 6304 |
| Total Loan Capital | 760 | 667 | 1153 | 1091 | 0 |
| Other Capital Employed | 282 | 316 | 492 | 612 | 661 |
| Total Capital Employed | 4645 | 5163 | 6522 | 7128 | 6965 |
| Pretax Profit Margin % | 6.24 | 8.08 | 7.67 | 7.54 | 8.32 |
| Sales Growth % | 2 | 23 | 18 | 6 | 6 |
| Pretax Profit Growth % | -13 | 60 | 12 | 4 | 17.20 |
| Debtor Ratio Days | 66 | 87 | 75 | 66 | 66.4493537257325 |
| Creditor Ratio Days | 40 | 45 | 40 | 37 | 42.2070549461867 |
| Stock Turnover | 15 | 12 | 13 | 10 | 9.9789311408017 |
| Sales £000 / Employee | 77 | 89 | 100 | 103 | 113.621808510638 |
| Value Added £000/Empl. | 42 | 45 | 49 | 53 | 55.7847100095511 |
| Av. Remun. £000 / Empl. | 34 | 34 | 38 | 41 | 41.1648936170213 |
| Total Empl. Remu. £000 | 5478 | 5897 | 6873 | 7739 | 7475.91118001043 |
| Employees | 163 | 174 | 183 | 188 | 181.608903197049 |
| Pretax Profit/Total Assets % | 10 | 13 | 12 | 12 | 14 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Gross Profit Margin is 39.1% in the latest year, well above the industry average of 26.8%.
- 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 1 other company achieved this
- Pretax Profit Margin is 7.5% in the latest year, well above the industry average of 5.0%.
- Shareholders received £506,000 in dividends this year, over 35% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 2 companies listed as a Best Trading Partner (see section 1c).
- The company is the best in terms of Value Added in this industry.
- The company is the best in terms of Trading Profits in this industry.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- 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 4 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 24 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £19.4m sales and made £1.5m, by following the proposal plan, sales would rise to £20.6m and profits would rise to £1.7m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £19.4m 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-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 12587 | 15540 | 18355 | 19419 | 20635 |
| Pre-tax Profit (£000) | 785 | 1256 | 1408 | 1465 | 1717 |
| Total Value (£000) | 9673 | 14056 | 15901 | 16573 | 18956 |
| Asset Value (£000) | 4613 | 6481 | 7331 | 8163 | 8721 |
| Goodwill (£000) | 5060 | 7575 | 8570 | 8410 | 10235 |
| Liabilities (£000) | -1010 | -2300 | -2454 | -2738 | -2417 |
| Equity Value (£000) | 8663 | 11756 | 13447 | 13835 | 16539 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR PETER JONATHAN THOMPSON (64.3%)
MRS ALISON THOMPSON (25.0%)
MR MICHAEL CALDERBANK (10.2%)
MRS HELEN CALDERBANK (0.5%)
Immediate Shareholder: See Shareholders
Subsidiaries
LOWLAND DOORS LTD
Acquisition / Valuation Comments
This company has been established 35 years.
3 directors are over 60 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 £16.6m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 14% return on total assets.
The company's value would increase by 14% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 18%.
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