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Minorfern ltd
Registration Number
01363519Incorporation Date
18/04/1978Last Annual Return
Not availableAddress
Holland House Furnace Hill Road, Clay Cross, Chesterfield, Derbyshire. S45 9NF
Website
www.sdlmotorfactors.co.ukAudit Fees
£20,000Secretary
Ms Heather Holland
Directors
Active
Mr Nicholas James Holland (43 yrs)
Active
Mr Darren Steven Murray (50 yrs)
Active
Ms Heather Holland (71 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 28932 | 34155 | 37700 | 42108 | 48016 |
| Directors Fees | 187 | 237 | 162 | 285 | 342 |
| Gross Profits | 12966 | 15154 | 17449 | 20198 | 23032 |
| Value Added | 10981 | 12223 | 14441 | 16633 | 19361 |
| Trading Profit | 4183 | 4236 | 5086 | 5904 | 8239 |
| Depreciation | 513 | 569 | 610 | 674 | |
| Non-Trading Income | 0 | 0 | 8 | 13 | 0 |
| Total Interest Charges | 11 | 22 | 4 | 23 | 28 |
| Pre-tax Profit | 3659 | 3645 | 4480 | 5220 | 7402 |
| Retained Profit (Shareholders Funds) | 2764 | 2743 | 2975 | 3614 | 3132 |
| Fixed Assets | 1338 | 1815 | 1993 | 1981 | 2377 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 5386 | 8097 | 8824 | 9051 | 10321 |
| Debtors | 2850 | 3594 | 3481 | 3577 | 4079 |
| Cash or Equivalent | 6979 | 5154 | 7416 | 11309 | 14063 |
| Total Current Assets | 15215 | 16845 | 19721 | 23937 | 28463 |
| Creditors | 3156 | 3959 | 3394 | 3563 | 4672 |
| Short Term Borrowing | 180 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 1877 | 2134 | 2721 | 3185 | 3822 |
| Total Current Liabilities | 5213 | 6093 | 6115 | 6748 | 8494 |
| Net Current Assets | 10002 | 10752 | 13606 | 17189 | 19969 |
| Shareholders Funds | 9616 | 12359 | 15334 | 18948 | 22080 |
| Total Loan Capital | 1620 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 105 | 207 | 265 | 222 | 266 |
| Total Capital Employed | 11341 | 12566 | 15599 | 19170 | 22346 |
| Pretax Profit Margin % | 12.65 | 10.67 | 11.88 | 12.4 | 15.42 |
| Sales Growth % | 13 | 18 | 10 | 12 | 14 |
| Pretax Profit Growth % | 79 | 0 | 23 | 17 | 41.80 |
| Debtor Ratio Days | 36 | 38 | 34 | 31 | 30.9211551249169 |
| Creditor Ratio Days | 40 | 42 | 33 | 31 | 35.4201529400589 |
| Stock Turnover | 5 | 4 | 4 | 5 | 4.6523036128605 |
| Sales £000 / Employee | 115 | 120 | 113 | 119 | 131.214730878187 |
| Value Added £000/Empl. | 44 | 43 | 43 | 47 | 52.9082882210763 |
| Av. Remun. £000 / Empl. | 27 | 28 | 28 | 30 | 30.3937677053824 |
| Total Empl. Remu. £000 | 6798 | 7987 | 9355 | 10729 | 11122.1465734266 |
| Employees | 252 | 284 | 333 | 353 | 365.935104895105 |
| Pretax Profit/Total Assets % | 22 | 20 | 21 | 20 | 24 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Gross Profit Margin is 48.0% in the latest year, well above the industry average of 36.5%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 12.4% in the latest year, well above the industry average of 7.3%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 33 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 11 in terms of Value Added.
- The company is among the Top 23 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 299 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £42.1m sales and made £5.2m, by following the proposal plan, sales would rise to £48.0m and profits would rise to £7.4m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £42.1m TO SALES
- ATTRACTIVE RATING
- 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 | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 28932 | 34155 | 37700 | 42108 | 48016 |
| Pre-tax Profit (£000) | 3659 | 3645 | 4480 | 5220 | 7402 |
| Total Value (£000) | 28859 | 33026 | 37488 | 42184 | 55637 |
| Asset Value (£000) | 9574 | 13506 | 14298 | 14609 | 16777 |
| Goodwill (£000) | 19285 | 19520 | 23190 | 27575 | 38860 |
| Liabilities (£000) | 41 | -1146 | 1036 | 4339 | 5303 |
| Equity Value (£000) | 28900 | 31880 | 38524 | 46523 | 60940 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR NICHOLAS JAMES HOLLAND (65.0%)
MRS HEATHER HOLLAND (30.0%)
PETER HOLLAND SETTLED LEGACY FUND (5.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
CLICK CAR PARTS LTD
REGIONAL AUTOMOTIVE PARTS INDEPENDENT DISTRIBUTORS LTD
Acquisition / Valuation Comments
This company has been established 47 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 £42.2m 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 24% return on total assets.
The company's value would increase by 32% if the proposed business plan was followed.
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