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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
Mr Steven Paul Rathborne (58 yrs)
Active
Ms Caroline Southall (50 yrs)
Active
Mr Richard Grant Ricketts (55 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 | 4471 |
| 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 | -25.09 |
| 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 | 148.067703216154 |
| Av. Remun. £000 / Empl. | 53 | 58 | 59 | 59 | 58.9666666666667 |
| Total Empl. Remu. £000 | 1539 | 1633 | 1770 | 1769 | 1780.53661224012 |
| Employees | 29 | 28 | 30 | 30 | 30.1956463353327 |
| 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 -10.8%.
- 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 £50,000.
- 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 3 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 value of the company has fluctuated in 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%.
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