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Fothergill engineered fabrics ltd
Registration Number
02986454Incorporation Date
03/11/1994Last Annual Return
Not availableAddress
Summit, Littleborough, Lancashire. OL15 0LR
Website
www.fothergill.co.ukAudit Fees
£22,000Secretary
Mr Nader Alan Midani
Directors
Active
Ms Mary Brennan (39 yrs)
Active
Ms Yvonne Holland (38 yrs)
Active
Ms Cheryl Mary Lamb (61 yrs)
Active
Ms Alison Brennan (31 yrs)
Active
Mr Matthew James Holland (37 yrs)
Active
Mr Trevor Alan Hopson (62 yrs)
Active
Mr Nader Alan Midani (48 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jan-21 | 31-Jan-22 | 31-Jan-23 | 31-Jan-24 | 29-Jan-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 12488 | 15497 | 20041 | 22130 | 24898 |
| Directors Fees | 896 | 1358 | 1040 | 2844 | 3413 |
| Gross Profits | 2945 | 3439 | 6547 | 7392 | 8317 |
| Value Added | 5521 | 6205 | 9464 | 10535 | 10970 |
| Trading Profit | 1784 | 1862 | 5369 | 5787 | 6114 |
| Depreciation | 150 | 180 | 166 | 192 | |
| Non-Trading Income | 468 | -430 | -1035 | -1746 | 0 |
| Total Interest Charges | 33 | 135 | 144 | 177 | 212 |
| Pre-tax Profit | 2069 | 1117 | 4024 | 3672 | 5672 |
| Retained Profit (Shareholders Funds) | -1738 | -2818 | -776 | 2886 | 2203 |
| Fixed Assets | 897 | 764 | 634 | 634 | 761 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 215 | 0 | 0 | 0 | 0 |
| Stocks | 4545 | 4292 | 6472 | 5632 | 6336 |
| Debtors | 1959 | 2172 | 4112 | 3273 | 3682 |
| Cash or Equivalent | 7870 | 3655 | 2622 | 5097 | 2113 |
| Total Current Assets | 14374 | 10119 | 13206 | 14002 | 12131 |
| Creditors | 1666 | 1643 | 2243 | 1678 | 2171 |
| Short Term Borrowing | 1405 | 1056 | 4100 | 3563 | 0 |
| Other Current Liabilities | 1525 | 1076 | 2017 | 1865 | 2238 |
| Total Current Liabilities | 4596 | 3775 | 8360 | 7106 | 4409 |
| Net Current Assets | 9778 | 6344 | 4846 | 6896 | 7722 |
| Shareholders Funds | 6988 | 4170 | 3394 | 6280 | 8483 |
| Total Loan Capital | 3798 | 2919 | 2083 | 1250 | 0 |
| Other Capital Employed | 104 | 20 | 2 | 0 | 0 |
| Total Capital Employed | 10890 | 7109 | 5479 | 7530 | 8483 |
| Pretax Profit Margin % | 16.57 | 7.21 | 20.08 | 16.59 | 22.78 |
| Sales Growth % | -14 | 24 | 29 | 10 | 13 |
| Pretax Profit Growth % | 42 | -46 | 260 | -9 | 54.47 |
| Debtor Ratio Days | 57 | 51 | 75 | 54 | 53.8351558969724 |
| Creditor Ratio Days | 49 | 39 | 41 | 28 | 31.74020786263 |
| Stock Turnover | 3 | 4 | 3 | 4 | 3.9293323863636 |
| Sales £000 / Employee | 115 | 149 | 195 | 201 | 221.3 |
| Value Added £000/Empl. | 51 | 60 | 92 | 96 | 97.5038673396074 |
| Av. Remun. £000 / Empl. | 34 | 42 | 40 | 43 | 43.1636363636364 |
| Total Empl. Remu. £000 | 3737 | 4343 | 4095 | 4748 | 4856.26984681404 |
| Employees | 109 | 104 | 103 | 110 | 112.508357866374 |
| Pretax Profit/Total Assets % | 13 | 10 | 29 | 25 | 44 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Total Sales have increased by 10.4% in the latest year, well above the industry average of -13.9%.
- Gross Profit Margin is 33.4% in the latest year, well above the industry average of 18.8%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 16.6% in the latest year, well above the industry average of 3.3%.
- The formal debt of the company is high, representing 22% of Total Sales.
- Formal debt of the company has decreased by £1.4m, a fall of 22%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- We expect new accounts for this company to be filed in the next couple of months, contact us for an updated analysis.
- 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 among the Top 15 in terms of Value Added.
- The company is among the Top 18 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £22.1m sales and made £3.7m, by following the proposal plan, sales would rise to £24.9m and profits would rise to £5.7m.
Key Attractiveness Features
- ADD £22.1m TO SALES
- HIGH DIRS FEES
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-Jan-21 | 31-Jan-22 | 31-Jan-23 | 31-Jan-24 | 29-Jan-25 |
| Total Sales (£000) | 12488 | 15497 | 20041 | 22130 | 24898 |
| Pre-tax Profit (£000) | 2069 | 1117 | 4024 | 3672 | 5672 |
| Total Value (£000) | 20266 | 22428 | 42433 | 51734 | 57264 |
| Asset Value (£000) | 7616 | 7228 | 11218 | 9539 | 10779 |
| Goodwill (£000) | 12650 | 15200 | 31215 | 42195 | 46485 |
| Liabilities (£000) | -628 | -3059 | -7823 | -3259 | -2296 |
| Equity Value (£000) | 19638 | 19369 | 34610 | 48475 | 54968 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
BRENNAN ENTERPRISE LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
FEF TRUSTEES LTD
Acquisition / Valuation Comments
This company has been established 31 years.
The number of shareholders is low (1)
2 directors are over 60 years of age.
4 directors are 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 £51.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 44% return on total assets.
The company's value would increase by 11% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 84%.
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