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Thinventory holdings ltd
Registration Number
04130988Incorporation Date
27/12/2000Last Annual Return
Not availableAddress
Floor 7 The Future Works, Brunel Way, Slough, Berkshire. SL1 1FQ
Website
www.bybox.comAudit Fees
£11,000Secretary
Ms Clara Jane Rosalind Snow
Directors
Active
Mr Stuart James Miller (58 yrs)
Active
Mr Adam David Smith (51 yrs)
Active
Ms Fuzyunisa Pullen (47 yrs)
Active
Mr David Gray Wilson (69 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 19668 | 20552 | 22709 | 25807 | 26511 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 13279 | 13688 | 15352 | 17938 | 18427 |
| Value Added | 12029 | 13195 | 13969 | 16590 | 18302 |
| Trading Profit | 6553 | 7083 | 7323 | 10378 | 12464 |
| Depreciation | 1861 | 1920 | 1777 | 1931 | |
| Non-Trading Income | 839 | 1357 | 2820 | 3818 | 0 |
| Total Interest Charges | 1182 | 1601 | 4403 | 8049 | 7244 |
| Pre-tax Profit | 4349 | 4919 | 3963 | 4216 | 3482 |
| Retained Profit (Shareholders Funds) | 3735 | 4601 | 3464 | 3708 | 2530 |
| Fixed Assets | 8101 | 7451 | 7935 | 9822 | 9331 |
| Intangibles | 3877 | 4362 | 4221 | 4133 | 3926 |
| Intermediate Assets | 611 | 611 | 8070 | 8223 | 7812 |
| Stocks | 830 | 1032 | 2276 | 1705 | 1460 |
| Debtors | 311 | 498 | 92 | 50 | 44 |
| Cash or Equivalent | 17889 | 24043 | 34305 | 35660 | 12242 |
| Total Current Assets | 19030 | 25573 | 36673 | 37415 | 13746 |
| Creditors | 303 | 511 | 1502 | 2139 | 2527 |
| Short Term Borrowing | 14360 | 10126 | 23822 | 22678 | 0 |
| Other Current Liabilities | 2350 | 2151 | 2824 | 1444 | 1444 |
| Total Current Liabilities | 17013 | 12788 | 28148 | 26261 | 3971 |
| Net Current Assets | 2017 | 12785 | 8525 | 11154 | 9775 |
| Shareholders Funds | 14606 | 19207 | 22671 | 26379 | 28909 |
| Total Loan Capital | 0 | 5075 | 4652 | 5019 | 0 |
| Other Capital Employed | 0 | 928 | 1427 | 1935 | 1935 |
| Total Capital Employed | 14606 | 25210 | 28750 | 33333 | 30844 |
| Pretax Profit Margin % | 22.11 | 23.93 | 17.45 | 16.34 | 13.13 |
| Sales Growth % | 25 | 4 | 10 | 14 | 3 |
| Pretax Profit Growth % | 813 | 13 | -19 | 6 | -17.00 |
| Debtor Ratio Days | 6 | 9 | 1 | 1 | 0.5994497616926 |
| Creditor Ratio Days | 6 | 9 | 24 | 30 | 34.6954469717519 |
| Stock Turnover | 24 | 20 | 10 | 15 | 18.163284457478 |
| Sales £000 / Employee | 221 | 231 | 270 | 311 | 342.020481927711 |
| Value Added £000/Empl. | 135 | 148 | 166 | 200 | 234.641025641026 |
| Av. Remun. £000 / Empl. | 62 | 69 | 79 | 75 | 74.8433734939759 |
| Total Empl. Remu. £000 | 5476 | 6112 | 6646 | 6212 | 5837.78313253012 |
| Employees | 89 | 89 | 84 | 83 | 78 |
| Pretax Profit/Total Assets % | 14 | 13 | 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 13.6% in the latest year, well above the industry average of -8.1%.
- Gross Profit Margin is 69.5% in the latest year, well above the industry average of 29.2%.
- Sales per Employee is £311,000 which is well above the industry average of £199,000.
- The average salary is £75,000 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.
- Pretax Profit Margin is 16.3% in the latest year, well above the industry average of 3.4%.
- Non Trading Income of £3.8m makes a large contribution to pretax profits of £4.2m.
- The company would have made a significantly higher profit but for interest payments of £8.0m.
- The formal debt of the company is high, representing 107% of Total Sales.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is the best in terms of Value Added in this industry.
Company Summary
The company currently has £25.8m sales and made £4.2m, by following the proposal plan, sales would be level and profits would fall to £3.5m.
Key Attractiveness Features
- ADD £25.8m TO SALES
- FEW DIRECTORS
- HIGH INTEREST PAYMENTS
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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 19668 | 20552 | 22709 | 25807 | 26511 |
| Pre-tax Profit (£000) | 4349 | 4919 | 3963 | 4216 | 3482 |
| Total Value (£000) | 37190 | 39769 | 50324 | 66168 | 76203 |
| Asset Value (£000) | 13730 | 13954 | 22594 | 23933 | 22573 |
| Goodwill (£000) | 23460 | 25815 | 27730 | 42235 | 53630 |
| Liabilities (£000) | 876 | 5252 | 78 | 2445 | 6336 |
| Equity Value (£000) | 38066 | 45021 | 50402 | 68613 | 82539 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
THINVENTORY GROUP HOLDINGS LTD
Immediate Shareholder: See Shareholders
Subsidiaries
BYBOX NETWORKS LTD
PELIPOD LTD
THINVENTORY
THINVENTORY LTD
Acquisition / Valuation Comments
This company has been established 26 years.
The number of shareholders is low (1).
1 director is over 60 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 £66.2m 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 15% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 314%.
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