Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
Mainline digital communications ltd
Registration Number
02973418Incorporation Date
04/10/1994Last Annual Return
Not availableAddress
1 Braham Street, London, London. E1 8EE
Website
www.mainline.uk.com:443Audit Fees
Not availableSecretary
NEWGATE STREET SECRETARIES
Directors
Active
Ms Nicola Joanne Parr (49 yrs)
Active
Mr Richard Grant Ricketts (56 yrs)
Active
Mr Steven Paul Rathborne (58 yrs)
Active
Ms Caroline Southall (50 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 33649 | 37552 | 39603 | 43140 | 47763 |
| Directors Fees | 0 | 180 | 205 | 228 | 274 |
| Gross Profits | 3324 | 3490 | 3928 | 5042 | 5582 |
| Value Added | 3048 | 3060 | 3466 | 4667 | 4459 |
| Trading Profit | 1509 | 1427 | 1696 | 2898 | 2690 |
| Depreciation | 86 | 84 | 46 | 34 | |
| Non-Trading Income | 4 | 217 | 640 | 669 | 0 |
| Total Interest Charges | 21 | 15 | 8 | 5 | 6 |
| Pre-tax Profit | 1406 | 1545 | 2282 | 3528 | 2643 |
| Retained Profit (Shareholders Funds) | 1423 | 1553 | 2290 | 3531 | 2117 |
| Fixed Assets | 203 | 133 | 47 | 32 | 38 |
| Intangibles | 0 | 0 | 22 | 220 | 264 |
| Intermediate Assets | 1587 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 168 | 300 | 340 | 334 | 370 |
| Cash or Equivalent | 19581 | 22659 | 25198 | 30864 | 19662 |
| Total Current Assets | 19749 | 22959 | 25538 | 31198 | 20032 |
| Creditors | 790 | 694 | 1404 | 1333 | 1697 |
| Short Term Borrowing | 10427 | 10031 | 9548 | 11867 | 0 |
| Other Current Liabilities | 2561 | 2814 | 2650 | 2549 | 3059 |
| Total Current Liabilities | 13778 | 13539 | 13602 | 15749 | 4756 |
| Net Current Assets | 5971 | 9420 | 11936 | 15449 | 15276 |
| Shareholders Funds | 6087 | 7640 | 9930 | 13461 | 15578 |
| Total Loan Capital | 1674 | 1913 | 2075 | 2240 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 7761 | 9553 | 12005 | 15701 | 15578 |
| Pretax Profit Margin % | 4.18 | 4.11 | 5.76 | 8.18 | 5.53 |
| Sales Growth % | -3 | 12 | 5 | 9 | 11 |
| Pretax Profit Growth % | 5 | 10 | 48 | 55 | -25.00 |
| Debtor Ratio Days | 2 | 3 | 3 | 3 | 2.8181733889662 |
| Creditor Ratio Days | 9 | 7 | 13 | 11 | 12.9344877144182 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 1160 | 1341 | 1320 | 1438 | 1581.8 |
| Value Added £000/Empl. | 105 | 109 | 116 | 156 | 148.633333333333 |
| Av. Remun. £000 / Empl. | 53 | 58 | 59 | 59 | 58.9666666666667 |
| Total Empl. Remu. £000 | 1539 | 1633 | 1770 | 1769 | 1769 |
| Employees | 29 | 28 | 30 | 30 | 30 |
| Pretax Profit/Total Assets % | 7 | 7 | 9 | 11 | 13 |
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 8.9% in the latest year, well above the industry average of -4.9%.
- Sales per Employee is £1.4m which is well above the industry average of £530,000.
- The average salary is £59,000 which is well above the industry average of £51,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years. Only 2 other companies achieved this.
- Pretax Profit Margin is 8.2% in the latest year, well above the industry average of 4.9%.
- Pretax Profit Margin has markedly improved from 5.8% to 8.2% in the latest year.
- The formal debt of the company is high, representing 33% of Total Sales.
- Formal debt of the company has increased by £2.5m, a rise of 21%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is among the Top 2 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 Leaders in Efficiency.
Company Summary
The company currently has £43.1m sales and made £3.5m, by following the proposal plan, sales would rise to £47.8m and profits would fall to £2.6m.
Key Attractiveness Features
- ADD £43.1m 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-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Total Sales (£000) | 33649 | 37552 | 39603 | 43140 | 47763 |
| Pre-tax Profit (£000) | 1406 | 1545 | 2282 | 3528 | 2643 |
| Total Value (£000) | 9073 | 8048 | 9684 | 16046 | 15287 |
| Asset Value (£000) | 1958 | 433 | 409 | 586 | 672 |
| Goodwill (£000) | 7115 | 7615 | 9275 | 15460 | 14615 |
| Liabilities (£000) | 4129 | 7207 | 9521 | 12875 | 14906 |
| Equity Value (£000) | 13202 | 15255 | 19205 | 28921 | 30193 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MAINLINE COMMUNICATIONS GROUP LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 32 years.
The number of shareholders is low (1).
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £16.0m 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 13% return on total assets.
The proposed plan would improve the overall financial strength of the company by 105%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo