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Admiral group plc
Registration Number
03849958Incorporation Date
24/09/1999Last Annual Return
Not availableAddress
Ty Admiral David Street, Cardiff, South Glamorgan. CF10 2EH
Website
www.admiralgroup.co.ukAudit Fees
£3000,000Secretary
Mr Daniel John Caunt
Directors
Active
Ms Paola Bonomo (56 yrs)
Active
Mr Michael Charles Brierley (66 yrs)
Active
Ms Karen Ann Green (58 yrs)
Active
Ms Milena Mondini-De-Focatiis (48 yrs)
Active
Evelyn Bourke (60 yrs)
Active
Mr Andrew Michael Crossley (69 yrs)
Active
Mr Geraint Allan Jones (49 yrs)
Active
Ms Fiona Margaret Muldoon (57 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) | 3566900 | 3680600 | 4811500 | 5296100 | 5936189 |
| Directors Fees | 5771 | 4652 | 4539 | 7971 | 9565 |
| Gross Profits | 1550000 | 1491400 | 605900 | 1030000 | 1154486 |
| Value Added | 1240900 | 1030700 | 1059300 | 1510700 | 2019256 |
| Trading Profit | 750500 | 498400 | 474100 | 879400 | 1375984 |
| Depreciation | 25100 | 17500 | 11200 | 13700 | |
| Non-Trading Income | 0 | 1500 | 400 | 600 | 0 |
| Total Interest Charges | 11900 | 13400 | 20500 | 27100 | 32520 |
| Pre-tax Profit | 713500 | 469000 | 442800 | 839200 | 1327024 |
| Retained Profit (Shareholders Funds) | 285100 | -453100 | 37400 | 377900 | 503520 |
| Fixed Assets | 103200 | 89800 | 21900 | 19500 | 23400 |
| Intangibles | 179900 | 248300 | 311100 | 389300 | 467160 |
| Intermediate Assets | 9300 | 18500 | 59500 | 38700 | 46440 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1765300 | 1057900 | 1191900 | 988600 | 1108083 |
| Cash or Equivalent | 6302000 | 7524000 | 5511800 | 6508100 | 8562793 |
| Total Current Assets | 8067300 | 8581900 | 6703700 | 7496700 | 9670876 |
| Creditors | 4215000 | 4822500 | 4624000 | 5013800 | 6462736 |
| Short Term Borrowing | 105300 | 8300 | 0 | 0 | 0 |
| Other Current Liabilities | 1960000 | 2133000 | 282100 | 166500 | 199800 |
| Total Current Liabilities | 6280300 | 6963800 | 4906100 | 5180300 | 6662536 |
| Net Current Assets | 1787000 | 1618100 | 1797600 | 2316400 | 3008340 |
| Shareholders Funds | 1408500 | 955400 | 992800 | 1370700 | 1874220 |
| Total Loan Capital | 0 | 80200 | 0 | 0 | 0 |
| Other Capital Employed | 668600 | 937900 | 1196300 | 1392600 | 1671120 |
| Total Capital Employed | 2077100 | 1973500 | 2189100 | 2763300 | 3545340 |
| Pretax Profit Margin % | 20 | 12.74 | 9.2 | 15.85 | 22.35 |
| Sales Growth % | 375 | 3 | 31 | 10 | 12 |
| Pretax Profit Growth % | 17 | -34 | -6 | 90 | 58.13 |
| Debtor Ratio Days | 180 | 105 | 90 | 68 | 67.9463001076264 |
| Creditor Ratio Days | 430 | 477 | 350 | 345 | 396.287207567833 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 333 | 325 | 381 | 365 | 401.219696969697 |
| Value Added £000/Empl. | 116 | 91 | 84 | 104 | 136.479024627007 |
| Av. Remun. £000 / Empl. | 46 | 47 | 46 | 43 | 43.4779614325069 |
| Total Empl. Remu. £000 | 490400 | 532300 | 585200 | 631300 | 643271.995314256 |
| Employees | 10725 | 11335 | 12641 | 14520 | 14795.3577886314 |
| Pretax Profit/Total Assets % | 9 | 5 | 6 | 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 10.1% in the latest year, well above the industry average of 4.8%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Gross Profit Margin has markedly improved from 12.6% to 19.5% in the latest year.
- Sales per Employee is £365,000 which is well above the industry average of £118,000.
- Pretax Profit Margin has markedly improved from 9.2% to 15.8% in the latest year.
- Shareholders received £369.8m in dividends this year, over 44% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 11 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 27 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 95 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £5bn sales and made £839m, by following the proposal plan, sales would rise to £6bn and profits would rise to £1bn.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £5bn TO SALES
- ATTRACTIVE PRICE
- 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-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 3566900 | 3680600 | 4811500 | 5296100 | 5936189 |
| Pre-tax Profit (£000) | 713500 | 469000 | 442800 | 839200 | 1327024 |
| Total Value (£000) | 5713555 | 3842260 | 3921595 | 5804455 | 8490628 |
| Asset Value (£000) | 2057700 | 1414500 | 1584400 | 1436100 | 1645083 |
| Goodwill (£000) | 3655855 | 2427760 | 2337195 | 4368355 | 6845545 |
| Liabilities (£000) | -646900 | -457900 | -590600 | -64800 | 229137 |
| Equity Value (£000) | 5066655 | 3384360 | 3330995 | 5739655 | 8719765 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MAWER INVESTMENT MANAGEMENT LTD.
BRIERE DIANE DE L'ISLE & ENGELHARDT HENRY
MOONDANCE FOUNDATION
ROTHSCHILD & CO WEALTH MANAGEMENT UK LTD
Immediate Shareholder: See Shareholders
Subsidiaries
ABLE INSURANCE SERVICES LTD
ADMIRAL EUROPE COMPANIA DE SEGUROS SAU
ADMIRAL FINANCIAL SERVICES ITALIA S.P.A.
ADMIRAL FINANCIAL SERVICES LTD
ADMIRAL INSURANCE (GIBRALTAR) LTD
ADMIRAL INSURANCE COMPANY LTD
ADMIRAL INTERMEDIARY SERVICES SAU
ELEPHANT HOLDING COMPANY LLC
EUI LTD
ELEPHANT INSURANCE CO
Acquisition / Valuation Comments
This company has been established 26 years.
2 directors are over 60 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 £5.8bn 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 13% return on total assets.
The company's value would increase by 46% if the proposed business plan was followed.
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