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Dhp family ltd
Registration Number
00259388Incorporation Date
03/10/1931Last Annual Return
Not availableAddress
2 Lace Market Square, Nottingham, Nottinghamshire. NG1 1PB
Website
http://www.dhpfamily.com/Audit Fees
£18,000Secretary
Mr Sean Akins
Directors
Active
Mr Sean Akins (53 yrs)
Active
Mr Robert Bark (45 yrs)
Active
Mr Anthony Colin Lockwood (60 yrs)
Active
Ms Michele Somers (43 yrs)
Active
Mr George Henry Akins(Younger) (51 yrs)
Active
Mr Bartholomew James Easter (52 yrs)
Active
Mr David Paul McDerment (45 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) | 21132 | 30647 | 33985 | 36630 | 40051 |
| Directors Fees | 220 | 378 | 555 | 647 | 776 |
| Gross Profits | 7300 | 11844 | 12558 | 12651 | 13833 |
| Value Added | 7758 | 10163 | 11189 | 11284 | 12114 |
| Trading Profit | 2740 | 3268 | 3531 | 3350 | 4219 |
| Depreciation | 443 | 537 | 601 | 639 | |
| Non-Trading Income | 0 | 60 | 223 | -400 | 0 |
| Total Interest Charges | 218 | 209 | 182 | 190 | 228 |
| Pre-tax Profit | 2079 | 2582 | 2971 | 2121 | 3224 |
| Retained Profit (Shareholders Funds) | 1530 | 140 | -7 | 417 | 1273 |
| Fixed Assets | 4653 | 3401 | 3364 | 5600 | 6720 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 1539 | 1504 | 750 | 900 |
| Stocks | 307 | 285 | 353 | 351 | 384 |
| Debtors | 561 | 486 | 700 | 2232 | 2440 |
| Cash or Equivalent | 17390 | 15784 | 17719 | 15236 | 14358 |
| Total Current Assets | 18258 | 16555 | 18772 | 17819 | 17182 |
| Creditors | 1166 | 1271 | 1559 | 1706 | 2145 |
| Short Term Borrowing | 2470 | 2268 | 2291 | 3005 | 0 |
| Other Current Liabilities | 9062 | 8387 | 10196 | 9330 | 11196 |
| Total Current Liabilities | 12698 | 11926 | 14046 | 14041 | 13341 |
| Net Current Assets | 5560 | 4629 | 4726 | 3778 | 3841 |
| Shareholders Funds | 9276 | 9416 | 9409 | 9826 | 11099 |
| Total Loan Capital | 826 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 112 | 153 | 184 | 302 | 362 |
| Total Capital Employed | 10214 | 9569 | 9593 | 10128 | 11461 |
| Pretax Profit Margin % | 9.84 | 8.42 | 8.74 | 5.79 | 8.05 |
| Sales Growth % | 127 | 45 | 11 | 8 | 9 |
| Pretax Profit Growth % | 217 | 24 | 15 | -29 | 52.00 |
| Debtor Ratio Days | 10 | 6 | 7 | 22 | 22.1798525798526 |
| Creditor Ratio Days | 20 | 15 | 17 | 17 | 19.4958121758122 |
| Stock Turnover | 69 | 108 | 96 | 104 | 104.358974358974 |
| Sales £000 / Employee | 65 | 75 | 87 | 90 | 99.243842364532 |
| Value Added £000/Empl. | 24 | 25 | 29 | 28 | 29.9851485148515 |
| Av. Remun. £000 / Empl. | 15 | 17 | 20 | 20 | 19.5418719211823 |
| Total Empl. Remu. £000 | 5018 | 6895 | 7658 | 7934 | 7894.91625615765 |
| Employees | 325 | 407 | 392 | 406 | 404 |
| Pretax Profit/Total Assets % | 9 | 12 | 13 | 9 | 13 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 7.8% in the latest year, well above the industry average of 3.2%.
- Sales per Employee is £90,000 which is well above the industry average of £62,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently suffered a fall in sales growth (%) over the last 4 years along with 4 other companies.
- The £647,000 directors fees figure disclosed significantly affects the profitability of the company.
- Shareholders received £850,000 in dividends this year, over 40% of the pretax profits of the company.
- Formal debt of the company has increased by £714,000, a rise of 31%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 6 Leaders in Efficiency.
- The company is among the Top 2 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- 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 5 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £36.6m sales and made £2.1m, by following the proposal plan, sales would rise to £40.1m and profits would rise to £3.2m.
Key Attractiveness Features
- ADD £36.6m TO SALES
- HIGH DIVIDEND
- LOW SALES PER EMPLOYEE
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) | 21132 | 30647 | 33985 | 36630 | 40051 |
| Pre-tax Profit (£000) | 2079 | 2582 | 2971 | 2121 | 3224 |
| Total Value (£000) | 18106 | 21256 | 23346 | 25723 | 31584 |
| Asset Value (£000) | 5521 | 5711 | 5921 | 8933 | 10444 |
| Goodwill (£000) | 12585 | 15545 | 17425 | 16790 | 21140 |
| Liabilities (£000) | 3754 | 3705 | 3489 | 893 | 655 |
| Equity Value (£000) | 21860 | 24961 | 26835 | 26616 | 32239 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
GEO.AKINS(HOLDINGS)LTD
Immediate Shareholder: See Shareholders
Subsidiaries
SPRING MUSIC GROUP LTD
DHP FAMILY LIVE LTD
ROCK CITY LTD
Acquisition / Valuation Comments
This company has been established 95 years.
The number of shareholders is low (1).
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £25.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 13% return on total assets.
The company's value would increase by 23% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 17%.
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