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Autochair ltd
Registration Number
02533881Incorporation Date
23/08/1990Last Annual Return
Not availableAddress
Mobility In Motion Hq Unit 13, Salcombe Road, Alfreton, Derbyshire. DE55 7RG
Website
www.autochair.co.ukAudit Fees
£7,000Secretary
Not available
Directors
Active
Mr Matthew Fieldhouse (46 yrs)
Active
Mr Matthew James Walker (52 yrs)
Active
Ms Claire Anne Housley
| 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) | 8231 | 8602 | 9096 | 11779 | 13899 |
| Directors Fees | 392 | 68 | 0 | 0 | 0 |
| Gross Profits | 3782 | 4539 | 4666 | 5405 | 6378 |
| Value Added | 5086 | 4968 | 4676 | 5056 | 8426 |
| Trading Profit | 1753 | 2325 | 2502 | 3667 | 6936 |
| Depreciation | 153 | 123 | 128 | 115 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 2 | 6 | 0 | 6 | 7 |
| Pre-tax Profit | 1598 | 2196 | 2374 | 3546 | 6791 |
| Retained Profit (Shareholders Funds) | 595 | -961 | 187 | -207 | 2128 |
| Fixed Assets | 401 | 313 | 259 | 245 | 294 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1830 | 2002 | 2299 | 2060 | 2431 |
| Debtors | 885 | 559 | 790 | 1013 | 1195 |
| Cash or Equivalent | 2326 | 1302 | 675 | 411 | 2037 |
| Total Current Assets | 5041 | 3863 | 3764 | 3484 | 5663 |
| Creditors | 685 | 570 | 374 | 152 | 206 |
| Short Term Borrowing | 0 | 24 | 80 | 23 | 0 |
| Other Current Liabilities | 743 | 533 | 333 | 494 | 593 |
| Total Current Liabilities | 1428 | 1127 | 787 | 669 | 799 |
| Net Current Assets | 3613 | 2736 | 2977 | 2815 | 4864 |
| Shareholders Funds | 3983 | 3022 | 3209 | 3002 | 5130 |
| Total Loan Capital | 0 | 0 | 0 | 36 | 0 |
| Other Capital Employed | 31 | 27 | 27 | 23 | 28 |
| Total Capital Employed | 4014 | 3049 | 3236 | 3061 | 5158 |
| Pretax Profit Margin % | 19.41 | 25.53 | 26.1 | 30.1 | 48.86 |
| Sales Growth % | NA | 5 | 6 | 29 | 18 |
| Pretax Profit Growth % | NA | 37 | 8 | 49 | 91.51 |
| Debtor Ratio Days | 39 | 24 | 32 | 31 | 31.3041854147211 |
| Creditor Ratio Days | 30 | 24 | 15 | 5 | 5.4017488751167 |
| Stock Turnover | 4 | 4 | 4 | 6 | 5.7179611650485 |
| Sales £000 / Employee | 90 | 116 | NA | 287 | 316.021951219512 |
| Value Added £000/Empl. | 56 | 67 | NA | 123 | 191.579164944192 |
| Av. Remun. £000 / Empl. | 37 | 36 | NA | 34 | 33.8780487804878 |
| Total Empl. Remu. £000 | 3333 | 2643 | 2174 | 1389 | 1490.01818181818 |
| Employees | 91 | 74 | NA | 41 | 43.9818181818182 |
| Pretax Profit/Total Assets % | 29 | 53 | 59 | 95 | 114 |
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 29.5% in the latest year, well above the industry average of 8.1%.
- Gross Profit Margin is 45.9% in the latest year, well above the industry average of 30.8%.
- Sales per Employee is £287,000 which is well above the industry average of £174,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 20% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years.Only 7 other companies achieved this.
- Pretax Profit Margin is 30.1% in the latest year, well above the industry average of 6.2%.
- Shareholders received £3.6m in dividends this year, over 100% of the pretax profits of the company.
- Formal debt of the company has decreased by £21,000, a fall of 26%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 21 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 34 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 £11.8m sales and made £3.5m, by following the proposal plan, sales would rise to £13.9m and profits would rise to £6.8m.
Key Attractiveness Features
- ADD £11.8m TO SALES
- ATTRACTIVE PRICE
- 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 | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 8231 | 8602 | 9096 | 11779 | 13899 |
| Pre-tax Profit (£000) | 1598 | 2196 | 2374 | 3546 | 6791 |
| Total Value (£000) | 13076 | 14224 | 15218 | 21078 | 37910 |
| Asset Value (£000) | 3116 | 2874 | 3348 | 3318 | 3920 |
| Goodwill (£000) | 9960 | 11350 | 11870 | 17760 | 33990 |
| Liabilities (£000) | 867 | 148 | -139 | -317 | 1210 |
| Equity Value (£000) | 13943 | 14372 | 15079 | 20761 | 39120 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ABC MOBILITY GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 35 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 £21.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 114% return on total assets.
The company's value would increase by 80% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 46%.
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