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Medtronic ltd
Registration Number
01070807Incorporation Date
08/09/1972Last Annual Return
Not availableAddress
Building 9, Croxley Park, Watford, Hertfordshire. WD18 8WW
Website
www.medtronic.comAudit Fees
£92,000Secretary
Not available
Directors
Active
Burcu Alkis (47 yrs)
Active
Mr Matthew Christian Williams-Gray (48 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 29-Apr-22 | 28-Apr-23 | 26-Apr-24 | 25-Apr-25 |
| Weeks | 53 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 473862 | 550849 | 576325 | 648549 | 664804 |
| Directors Fees | 1680 | 879 | 1130 | 630 | 630 |
| Gross Profits | 103944 | 119767 | 124775 | 143043 | 146628 |
| Value Added | 95457 | 111538 | 110831 | 122549 | 120065 |
| Trading Profit | 16099 | 50039 | 24059 | 23115 | 27405 |
| Depreciation | 915 | 2134 | 2109 | 1189 | |
| Non-Trading Income | 60 | 182 | 4767 | 10372 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 15244 | 48087 | 26717 | 32298 | 26335 |
| Retained Profit (Shareholders Funds) | 32832 | 81805 | 10976 | -20325 | 19379 |
| Fixed Assets | 6173 | 5950 | 4291 | 6616 | 6285 |
| Intangibles | 6143 | 5337 | 4785 | 4233 | 4021 |
| Intermediate Assets | 3487 | 96227 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 74683 | 97271 | 107209 | 127085 | 110730 |
| Cash or Equivalent | 111682 | 109772 | 240877 | 222713 | 142309 |
| Total Current Assets | 186365 | 207043 | 348086 | 349798 | 253039 |
| Creditors | 5267 | 2913 | 5430 | 7619 | 8981 |
| Short Term Borrowing | 88686 | 84493 | 102121 | 118043 | 0 |
| Other Current Liabilities | 49209 | 86340 | 97824 | 83758 | 83758 |
| Total Current Liabilities | 143162 | 173746 | 205375 | 209420 | 92739 |
| Net Current Assets | 43203 | 33297 | 142711 | 140378 | 160300 |
| Shareholders Funds | 59006 | 140811 | 151787 | 131462 | 150841 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 19765 | 19765 |
| Total Capital Employed | 59006 | 140811 | 151787 | 151227 | 170606 |
| Pretax Profit Margin % | 3.22 | 8.73 | 4.64 | 4.98 | 3.96 |
| Sales Growth % | -5 | 16 | 5 | 13 | 3 |
| Pretax Profit Growth % | 2 | 215 | -44 | 21 | -18.00 |
| Debtor Ratio Days | 58 | 64 | 68 | 71 | 60.6277999040936 |
| Creditor Ratio Days | 4 | 2 | 3 | 4 | 4.9176136267267 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 551 | 620 | 609 | 663 | 729.451840490798 |
| Value Added £000/Empl. | 111 | 126 | 117 | 125 | 131.740536683986 |
| Av. Remun. £000 / Empl. | 92 | 69 | 92 | 102 | 101.670756646217 |
| Total Empl. Remu. £000 | 79358 | 61499 | 86772 | 99434 | 92660.1614354277 |
| Employees | 860 | 888 | 947 | 978 | 911.374759979967 |
| Pretax Profit/Total Assets % | 8 | 15 | 7 | 9 | 10 |
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 12.5% in the latest year, well above the industry average of 4.1%.
- The company lies an excellent 8th in terms of Total Sales in this industry.
- The company lies an excellent 20th in terms of Pretax Profits in this industry. Up 7 places from last year.
- Sales per Employee is £663,000 which is well above the industry average of £249,000.
- The average salary is £102,000 which is well above the industry average of £56,000.
- Shareholders received £35.0m in dividends this year, over 108% of the pretax profits of the company.
- Non Trading Income of £10.4m makes a large contribution to pretax profits of £32.3m.
Company Summary
The company currently has £649m sales and made £32.3m, by following the proposal plan, sales would be level and profits would fall to £26.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £649m TO SALES
- FEW DIRECTORS
- HIGH DIVIDEND
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 | 29-Apr-22 | 28-Apr-23 | 26-Apr-24 | 25-Apr-25 |
| Total Sales (£000) | 473862 | 550849 | 576325 | 648549 | 664804 |
| Pre-tax Profit (£000) | 15244 | 48087 | 26717 | 32298 | 26335 |
| Total Value (£000) | 174806 | 448705 | 231685 | 250714 | 255861 |
| Asset Value (£000) | 90486 | 204785 | 116285 | 137934 | 121036 |
| Goodwill (£000) | 84320 | 243920 | 115400 | 112780 | 134825 |
| Liabilities (£000) | -31480 | -63974 | 35502 | -6472 | 29805 |
| Equity Value (£000) | 143326 | 384731 | 267187 | 244242 | 285666 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MEDTRONIC HOLDING B.V.
Immediate Shareholder: See Shareholders
Subsidiaries
MINIMED (UK) LTD
Acquisition / Valuation Comments
This company has been established 53 years.
The number of shareholders is low (1)
The total value of the company is currently £250.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 73%.
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