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Equals money plc
Registration Number
05539698Incorporation Date
18/08/2005Last Annual Return
Not availableAddress
3rd Floor, Vintners Place, London, London. EC4V 3BJ
Website
www.fairfx.comAudit Fees
Not availableSecretary
Ms Rosanna Colangeli
Directors
Active
Mr Matthijs Boon (48 yrs)
Active
Mr Andrew John Phillips (44 yrs)
Active
Mr Ian Strafford-Taylor (64 yrs)
Active
Mr Darren James Kilner (47 yrs)
Active
Mr James Lingard Simcox (32 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 30623 | 48392 | 68333 | 97122 | 114604 |
| Directors Fees | 679 | 718 | 838 | 0 | 0 |
| Gross Profits | 18806 | 27081 | 40707 | 58163 | 68632 |
| Value Added | 10827 | 16115 | 26500 | 31666 | 39322 |
| Trading Profit | 455 | 4185 | 9587 | 8035 | 13972 |
| Depreciation | 1118 | 347 | 488 | 414 | |
| Non-Trading Income | 0 | 0 | 380 | 2235 | 0 |
| Total Interest Charges | 442 | 238 | 114 | 0 | 0 |
| Pre-tax Profit | -1105 | 3600 | 9365 | 9856 | 13475 |
| Retained Profit (Shareholders Funds) | 527 | 5115 | 11313 | 12019 | 5914 |
| Fixed Assets | 4928 | 3485 | 962 | 809 | 971 |
| Intangibles | 14776 | 14891 | 17879 | 20264 | 24317 |
| Intermediate Assets | 2847 | 6916 | 9714 | 6130 | 7356 |
| Stocks | 148 | 256 | 337 | 84 | 99 |
| Debtors | 2492 | 2521 | 4425 | 3809 | 4495 |
| Cash or Equivalent | 16292 | 19239 | 26004 | 44880 | 46983 |
| Total Current Assets | 18932 | 22016 | 30766 | 48773 | 51577 |
| Creditors | 3227 | 4388 | 3791 | 5321 | 7221 |
| Short Term Borrowing | 2354 | 959 | 600 | 838 | 0 |
| Other Current Liabilities | 4596 | 8024 | 10374 | 13791 | 16549 |
| Total Current Liabilities | 10177 | 13371 | 14765 | 19950 | 23770 |
| Net Current Assets | 8755 | 8645 | 16001 | 28823 | 27807 |
| Shareholders Funds | 26090 | 31205 | 42518 | 54537 | 60451 |
| Total Loan Capital | 5216 | 2732 | 2038 | 1489 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 31306 | 33937 | 44556 | 56026 | 60451 |
| Pretax Profit Margin % | -3.61 | 7.44 | 13.7 | 10.15 | 11.76 |
| Sales Growth % | 43 | 58 | 41 | 42 | 18 |
| Pretax Profit Growth % | 83 | 426 | 160 | 5 | 36.72 |
| Debtor Ratio Days | 30 | 19 | 24 | 14 | 14.2756121167192 |
| Creditor Ratio Days | 38 | 33 | 20 | 20 | 22.9337390086695 |
| Stock Turnover | 207 | 189 | 203 | 1156 | 1156.21428571429 |
| Sales £000 / Employee | 181 | 269 | 298 | 358 | 394.222140221402 |
| Value Added £000/Empl. | 64 | 90 | 116 | 117 | 135.262367877916 |
| Av. Remun. £000 / Empl. | 61 | 66 | 74 | 87 | 87.1992619926199 |
| Total Empl. Remu. £000 | 10372 | 11930 | 16913 | 23631 | 25349.6181818182 |
| Employees | 169 | 180 | 229 | 271 | 290.709090909091 |
| Pretax Profit/Total Assets % | -3 | 8 | 16 | 13 | 16 |
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 42.1% in the latest year, well above the industry average of 9.0%.
- Sales per Employee is £358,000 which is well above the industry average of £167,000.
- The average salary is £87,000 which is well above the industry average of £66,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 10.1% in the latest year, well above the industry average of 5.0%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 4 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 15 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).
- The company is among the Top 7 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 12 Cash Rich companies.
- The company is among the Top 64 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £97.1m sales and made £9.9m, by following the proposal plan, sales would rise to £115m and profits would rise to £13.5m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £97.1m TO SALES
- ATTRACTIVE PRICE
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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 30623 | 48392 | 68333 | 97122 | 114604 |
| Pre-tax Profit (£000) | -1105 | 3600 | 9365 | 9856 | 13475 |
| Total Value (£000) | 25271 | 50849 | 83002 | 69201 | 104613 |
| Asset Value (£000) | 25191 | 28069 | 33317 | 31096 | 37238 |
| Goodwill (£000) | 80 | 22780 | 49685 | 38105 | 67375 |
| Liabilities (£000) | 899 | 3136 | 9201 | 23441 | 23213 |
| Equity Value (£000) | 26170 | 53985 | 92203 | 92642 | 127826 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
EQUALS GROUP PLC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
EQUALS CONNECT LTD
FAIR FOREIGN EXCHANGE IRELAND LTD
Acquisition / Valuation Comments
This company has been established 20 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
1 director is under 40 years of age.
The total value of the company is currently £69.2m 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 16% return on total assets.
The company's value would increase by 51% if the proposed business plan was followed.
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