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Closomat ltd
Registration Number
02489536Incorporation Date
05/04/1990Last Annual Return
Not availableAddress
Unit 1, Brooklands Place, Sale, Cheshire. M33 3SD
Website
www.clos-o-mat.comAudit Fees
£15,000Secretary
Not available
Directors
Active
Mr Keith Brian Alderson (65 yrs)
Active
Mr Ian Tomlinson (58 yrs)
Active
Mr Richard James Willan (49 yrs)
Active
Ms Tracy Ann Worrall
Active
Ms Adele Entwistle (50 yrs)
Active
Ms Julia Gail Elizabeth Willan (51 yrs)
Active
Ms Linda Elizabeth Willan (75 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 12961 | 15377 | 16376 | 17690 | 19393 |
| Directors Fees | 342 | 498 | 383 | 346 | 415 |
| Gross Profits | 4736 | 5881 | 6324 | 6480 | 7104 |
| Value Added | 4778 | 5149 | 5537 | 5643 | 6461 |
| Trading Profit | 2186 | 1919 | 2267 | 2220 | 3050 |
| Depreciation | 79 | 105 | 87 | 107 | |
| Non-Trading Income | 174 | 24 | -28 | 10 | 0 |
| Total Interest Charges | 20 | 16 | 16 | 15 | 18 |
| Pre-tax Profit | 2261 | 1822 | 2136 | 2108 | 2904 |
| Retained Profit (Shareholders Funds) | 1823 | -3223 | -245 | 1084 | 1265 |
| Fixed Assets | 655 | 802 | 635 | 581 | 697 |
| Intangibles | 0 | 0 | 656 | 1516 | 1819 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 716 | 595 | 684 | 682 | 748 |
| Debtors | 2216 | 2460 | 2760 | 2584 | 2833 |
| Cash or Equivalent | 10314 | 8381 | 6963 | 8416 | 10034 |
| Total Current Assets | 13246 | 11436 | 10407 | 11682 | 13615 |
| Creditors | 162 | 201 | 164 | 154 | 194 |
| Short Term Borrowing | 150 | 1012 | 276 | 262 | 0 |
| Other Current Liabilities | 4218 | 4855 | 5193 | 6042 | 7250 |
| Total Current Liabilities | 4530 | 6068 | 5633 | 6458 | 7444 |
| Net Current Assets | 8716 | 5368 | 4774 | 5224 | 6171 |
| Shareholders Funds | 9198 | 5975 | 5730 | 6814 | 8079 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 173 | 195 | 336 | 507 | 608 |
| Total Capital Employed | 9371 | 6170 | 6066 | 7321 | 8687 |
| Pretax Profit Margin % | 17.44 | 11.85 | 13.04 | 11.92 | 14.97 |
| Sales Growth % | -11 | 19 | 6 | 8 | 10 |
| Pretax Profit Growth % | 38 | -19 | 17 | -1 | 37.76 |
| Debtor Ratio Days | 62 | 58 | 61 | 53 | 53.1699265121538 |
| Creditor Ratio Days | 5 | 5 | 4 | 3 | 3.6441153193895 |
| Stock Turnover | 18 | 26 | 24 | 26 | 25.9384164222874 |
| Sales £000 / Employee | 183 | 202 | 207 | 213 | 234.44578313253 |
| Value Added £000/Empl. | 67 | 68 | 70 | 68 | 78.1070024046993 |
| Av. Remun. £000 / Empl. | 37 | 43 | 41 | 41 | 41.2409638554217 |
| Total Empl. Remu. £000 | 2592 | 3230 | 3270 | 3423 | 3411.44659590531 |
| Employees | 71 | 76 | 79 | 83 | 82.7198561087178 |
| Pretax Profit/Total Assets % | 16 | 15 | 18 | 15 | 18 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 8.0% in the latest year, well above the industry average of 2.5%.
- Gross Profit Margin is 36.6% in the latest year, well above the industry average of 29.7%.
- The average salary is £41,000 which is well above the industry average of £33,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 11.9% in the latest year, well above the industry average of 5.6%.
- 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 2 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 5 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 7 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 80 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £17.7m sales and made £2.1m, by following the proposal plan, sales would rise to £19.4m and profits would rise to £2.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £17.7m TO SALES
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-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 12961 | 15377 | 16376 | 17690 | 19393 |
| Pre-tax Profit (£000) | 2261 | 1822 | 2136 | 2108 | 2904 |
| Total Value (£000) | 15832 | 15417 | 17550 | 17658 | 22782 |
| Asset Value (£000) | 3587 | 3857 | 4735 | 5363 | 6097 |
| Goodwill (£000) | 12245 | 11560 | 12815 | 12295 | 16685 |
| Liabilities (£000) | 5611 | 2118 | 994 | 1451 | 1982 |
| Equity Value (£000) | 21443 | 17535 | 18544 | 19109 | 24764 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MRS LINDA ELIZABETH WILLAN (60.0%)
MR RICHARD WILLAN (20.0%)
MRS JULIA WILLAN (20.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 35 years.
The number of shareholders is low (3)
1 director is over 70 years of age.
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 £17.7m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 18% return on total assets.
The company's value would increase by 29% if the proposed business plan was followed.
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