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Oeg renewables ltd
Registration Number
05972360Incorporation Date
19/10/2006Last Annual Return
Not availableAddress
Yarmouth Business Park, Thamesfield Way, Great Yarmouth, Norfolk. NR31 0ER
Website
www.smchse.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr John Miller Heiton (49 yrs)
Active
Mr Thomas Anthony Murray (58 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) | 16556 | 19833 | 24134 | 28827 | 34016 |
| Directors Fees | 28 | 274 | 359 | 517 | 620 |
| Gross Profits | 4559 | 6762 | 6909 | 8738 | 10311 |
| Value Added | 3278 | 6312 | 7834 | 11556 | 13251 |
| Trading Profit | 1714 | 2197 | 1181 | 2886 | 3934 |
| Depreciation | 92 | 87 | 112 | 186 | |
| Non-Trading Income | 1 | 1 | 2 | 1 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 23 | 28 |
| Pre-tax Profit | 1623 | 2111 | 1071 | 2678 | 3683 |
| Retained Profit (Shareholders Funds) | 1123 | 1855 | 761 | 2378 | 1607 |
| Fixed Assets | 399 | 255 | 186 | 573 | 688 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 23 | 28 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2981 | 4229 | 5025 | 10512 | 12404 |
| Cash or Equivalent | 3505 | 4323 | 5009 | 2260 | 2227 |
| Total Current Assets | 6486 | 8552 | 10034 | 12772 | 14631 |
| Creditors | 777 | 827 | 738 | 1139 | 1546 |
| Short Term Borrowing | 12 | 0 | 175 | 99 | 0 |
| Other Current Liabilities | 715 | 764 | 1339 | 1584 | 1901 |
| Total Current Liabilities | 1504 | 1591 | 2252 | 2822 | 3447 |
| Net Current Assets | 4982 | 6961 | 7782 | 9950 | 11184 |
| Shareholders Funds | 5299 | 7154 | 7915 | 10293 | 11900 |
| Total Loan Capital | 0 | 0 | 36 | 254 | 0 |
| Other Capital Employed | 82 | 62 | 18 | 0 | 0 |
| Total Capital Employed | 5381 | 7216 | 7969 | 10547 | 11900 |
| Pretax Profit Margin % | 9.8 | 10.64 | 4.44 | 9.29 | 10.83 |
| Sales Growth % | NA | 20 | 22 | 19 | 18 |
| Pretax Profit Growth % | NA | 30 | -49 | 150 | 38.00 |
| Debtor Ratio Days | 66 | 78 | 76 | 133 | 132.735560412114 |
| Creditor Ratio Days | 17 | 15 | 11 | 14 | 16.5395427897457 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 502 | 268 | 228 | 215 | 236.639552238806 |
| Value Added £000/Empl. | 99 | 85 | 74 | 86 | 92.0208333333333 |
| Av. Remun. £000 / Empl. | 47 | 56 | 63 | 65 | 64.7014925373134 |
| Total Empl. Remu. £000 | 1564 | 4115 | 6653 | 8670 | 9317.01492537313 |
| Employees | 33 | 74 | 106 | 134 | 144 |
| Pretax Profit/Total Assets % | 24 | 24 | 10 | 20 | 24 |
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 19.4% in the latest year, well above the industry average of -0.8%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 44% towards the Total Sales of the company.
- Pretax Profit Margin is 9.3% in the latest year, well above the industry average of 8.2%.
- Pretax Profit Margin has markedly improved from 4.4% to 9.3% in the latest year.
- Formal debt of the company has increased by £142,000, a rise of 67%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 3 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 7 Leaders in Efficiency.
- 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 39 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £28.8m sales and made £2.7m, by following the proposal plan, sales would rise to £34.0m and profits would rise to £3.7m.
Key Attractiveness Features
- ADD £28.8m 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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 16556 | 19833 | 24134 | 28827 | 34016 |
| Pre-tax Profit (£000) | 1623 | 2111 | 1071 | 2678 | 3683 |
| Total Value (£000) | 11630 | 16404 | 12351 | 27193 | 34775 |
| Asset Value (£000) | 3380 | 4484 | 5211 | 11108 | 13120 |
| Goodwill (£000) | 8250 | 11920 | 7140 | 16085 | 21655 |
| Liabilities (£000) | 1919 | 2670 | 2703 | -816 | -1220 |
| Equity Value (£000) | 13549 | 19074 | 15054 | 26377 | 33555 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
OEG RENEWABLES GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
OEG RENEWABLES BLADES LTD
Acquisition / Valuation Comments
This company has been established 20 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 £27.2m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 24% return on total assets.
The company's value would increase by 28% if the proposed business plan was followed.
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