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Carousel logistics ltd

Sittingbourne, Kent. Registration No: 01908712

  • Registration Number

    01908712

  • Incorporation Date

    26/04/1985

  • Last Annual Return

    Not available

  • Address

    Gateway Centre, Eurolink Industrial Centre, Sittingbourne, Kent. ME10 3RN

  • Website

    www.carousel.eu

  • Audit Fees

    £43,000

  • Secretary

    Not available

Directors

Active

Mr Andrew Peter Lowery (63 yrs)

Active

Mr Matthew James Wade (40 yrs)

Active

Mr Lars Ryssel (52 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Weeks 52 52 52 52 52
Total Sales (£000) 24488 23705 33789 38573 45127
Directors Fees 706 912 268 253 304
Gross Profits 8091 1233 3157 3233 3782
Value Added 8755 12867 13702 13148 13558
Trading Profit 2782 5797 6729 5824 5769
Depreciation 245 220 134 93
Non-Trading Income 0 0 196 -250 0
Total Interest Charges 764 621 562 5 6
Pre-tax Profit 1773 4956 6229 5476 5651
Retained Profit (Shareholders Funds) 1926 4185 5212 4467 3286
Fixed Assets 396 268 224 228 274
Intangibles 1437 2175 2625 2195 2634
Intermediate Assets 9004 9004 9004 9004 10805
Stocks 0 0 0 0 0
Debtors 2928 2867 4492 5140 6013
Cash or Equivalent 12738 16764 18944 21696 11666
Total Current Assets 15666 19631 23436 26836 17679
Creditors 2842 2966 4284 2461 3311
Short Term Borrowing 755 360 10699 11613 0
Other Current Liabilities 1574 2644 3559 2999 3599
Total Current Liabilities 5171 5970 18542 17073 6910
Net Current Assets 10495 13661 4894 9763 10769
Shareholders Funds 7295 11480 16692 21159 24445
Total Loan Capital 13965 13605 0 0 0
Other Capital Employed 73 22 54 31 37
Total Capital Employed 21333 25107 16746 21190 24482
Pretax Profit Margin % 7.24 20.91 18.43 14.2 12.52
Sales Growth % -13 -3 43 14 17
Pretax Profit Growth % 52 180 26 -12 3.20
Debtor Ratio Days 44 44 48 49 48.5043942654188
Creditor Ratio Days 42 46 46 23 26.7071423016099
Stock Turnover NA NA NA NA NA
Sales £000 / Employee 215 167 235 257 282.868666666666
Value Added £000/Empl. 77 91 95 88 84.986076023658
Av. Remun. £000 / Empl. 52 50 48 49 48.8266666666667
Total Empl. Remu. £000 5973 7070 6973 7324 7789.41654492184
Employees 114 142 144 150 159.53201552953
Pretax Profit/Total Assets % 7 16 18 14 18

Company Summary

  • The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
  • Total Sales have increased by 14.2% in the latest year, well above the industry average of 4.3%.
  • Sales per Employee is £257,000 which is well above the industry average of £218,000.
  • The average salary is £49,000 which is well above the industry average of £42,000.
  • The company is ranked among the fastest growing in terms of sales growth in the latest year.
  • Pretax Profit Margin is 14.2% in the latest year, well above the industry average of 4.1%.
  • The formal debt of the company is high, representing 30% of Total Sales.
  • The Trading Stability chart shows a well below average sales return on total assets in the latest year
  • The Profitability chart shows a well above average pretax profit return on total assets in the latest year
  • The company is among the Top 5 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 11 in terms of Trading Profits.
  • The company is among the Top 12 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).

Company

Industry Av.

Proposed

Company Summary

The company currently has £38.6m sales and made £5.5m, by following the proposal plan, sales would rise to £45.1m and profits would stay thesame.

Key Attractiveness Features

  • ADD £38.6m 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-20 31-Dec-21 31-Dec-22 31-Dec-23 29-Dec-24
Total Sales (£000) 24488 23705 33789 38573 45127
Pre-tax Profit (£000) 1773 4956 6229 5476 5651
Total Value (£000) 29980 46759 50660 46487 49531
Asset Value (£000) 13765 14314 16345 16567 19726
Goodwill (£000) 16215 32445 34315 29920 29805
Liabilities (£000) -6471 -2833 348 4592 4719
Equity Value (£000) 23509 43926 51008 51079 54250

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

CAROUSEL LOGISTICS HOLDINGS LTD (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

ALLTRANS

CAROUSEL LOGISTICS IRELAND LTD

CAROUSEL LOGISTICS B.V.

NIGHTEXPRESS LUFTVERKEHRSGESELLSCHAFT M.B.H.

Acquisition / Valuation Comments

This company has been established 40 years.

The number of shareholders is low (1)

1 director is over 60 years of age.

The total value of the company is currently £46.5m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 18% return on total assets.

The proposed plan would improve the overall financial strength of the company by 81%.

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