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Climax molybdenum u.k. Ltd
Registration Number
00359564Incorporation Date
28/02/1940Last Annual Return
Not availableAddress
Needham Road, Stowmarket, Suffolk. IP14 2AE
Website
www.climaxmolybdenum.comAudit Fees
£125,000Secretary
IRWIN MITCHELL SECRETARIES LIMITED
Directors
Active
Dr Alan Armour (76 yrs)
Active
Mr Michael Jeffrey Kendrick (65 yrs)
Active
Ms Marion Louise Hooson (62 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 6982 | 18034 | 19782 | 25002 | 29502 |
| Directors Fees | 188 | 199 | 248 | 271 | 325 |
| Gross Profits | -506 | 7132 | 4239 | 7552 | 8911 |
| Value Added | -264 | 8754 | 7027 | 7206 | 8860 |
| Trading Profit | -4032 | 4207 | 2388 | 2648 | 3971 |
| Depreciation | 542 | 526 | 502 | 475 | |
| Non-Trading Income | 315 | 212 | 318 | 674 | 0 |
| Total Interest Charges | 92 | 74 | 34 | 47 | 56 |
| Pre-tax Profit | -4351 | 3819 | 2170 | 2800 | 3345 |
| Retained Profit (Shareholders Funds) | -5517 | 8121 | 2342 | -2012 | 1680 |
| Fixed Assets | 4007 | 3619 | 3641 | 3955 | 4746 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 848 | 1380 | 1656 |
| Stocks | 3065 | 3326 | 5508 | 2460 | 2903 |
| Debtors | 170 | 22 | 247 | 224 | 264 |
| Cash or Equivalent | 15651 | 20816 | 19080 | 18883 | 18303 |
| Total Current Assets | 18886 | 24164 | 24835 | 21567 | 21470 |
| Creditors | 504 | 980 | 950 | 1028 | 1395 |
| Short Term Borrowing | 2080 | 2087 | 2163 | 1514 | 0 |
| Other Current Liabilities | 684 | 696 | 868 | 966 | 1159 |
| Total Current Liabilities | 3268 | 3763 | 3981 | 3508 | 2554 |
| Net Current Assets | 15618 | 20401 | 20854 | 18059 | 18916 |
| Shareholders Funds | 13721 | 21842 | 24184 | 22172 | 23852 |
| Total Loan Capital | 0 | 0 | 21 | 0 | 0 |
| Other Capital Employed | 5904 | 2178 | 1138 | 1222 | 1466 |
| Total Capital Employed | 19625 | 24020 | 25343 | 23394 | 25318 |
| Pretax Profit Margin % | -62.32 | 21.18 | 10.97 | 11.2 | 11.34 |
| Sales Growth % | -45 | 158 | 10 | 26 | 18 |
| Pretax Profit Growth % | -45 | 188 | -43 | 29 | 19.46 |
| Debtor Ratio Days | 9 | 0 | 5 | 3 | 3.2611791056716 |
| Creditor Ratio Days | 26 | 20 | 17 | 15 | 17.2114550835933 |
| Stock Turnover | 2 | 5 | 4 | 10 | 10.1634146341463 |
| Sales £000 / Employee | 92 | 237 | 254 | 321 | 352.592307692308 |
| Value Added £000/Empl. | -3 | 115 | 90 | 92 | 105.888744024337 |
| Av. Remun. £000 / Empl. | 50 | 60 | 59 | 58 | 58.4358974358974 |
| Total Empl. Remu. £000 | 3768 | 4547 | 4639 | 4558 | 4889.4909090909 |
| Employees | 76 | 76 | 78 | 78 | 83.6727272727272 |
| Pretax Profit/Total Assets % | -19 | 14 | 7 | 10 | 12 |
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 26.4% in the latest year, well above the industry average of -5.6%.
- Gross Profit Margin is 30.2% in the latest year, well above the industry average of 16.7%.
- Gross Profit Margin has markedly improved from 21.4% to 30.2% in the latest year.
- The average salary is £58,000 which is well above the industry average of £51,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 100% towards the Total Sales of the company.
- Pretax Profit Margin is 11.2% in the latest year, well above the industry average of 3.6%.
- Shareholders received £4.0m in dividends this year, over 143% of the pretax profits of the company.
- Formal debt of the company has decreased by £670,000, a fall of 31%.
- 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 6 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).
Company Summary
The company currently has £25.0m sales and made £2.8m, by following the proposal plan, sales would rise to £29.5m and profits would rise to £3.3m.
Key Attractiveness Features
- ADD £25.0m TO SALES
- ATTRACTIVE RATING
- ATTRACTIVE PRICE
- FEW DIRECTORS
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-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 6982 | 18034 | 19782 | 25002 | 29502 |
| Pre-tax Profit (£000) | -4351 | 3819 | 2170 | 2800 | 3345 |
| Total Value (£000) | -14688 | 26367 | 20914 | 20239 | 28199 |
| Asset Value (£000) | 7242 | 6967 | 10244 | 8019 | 9569 |
| Goodwill (£000) | -7242 | 19400 | 10670 | 12220 | 18630 |
| Liabilities (£000) | 6479 | 14875 | 13940 | 14153 | 14283 |
| Equity Value (£000) | 6479 | 41242 | 34854 | 34392 | 42482 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
AMETALCO LTD (100.0%)
MR DOUGLAS N CORRAULT II
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 85 years.
The number of shareholders is low (2)
1 director is over 70 years of age.
The value of the company has fallen 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 £20.2m 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 12% return on total assets.
The company's value would increase by 39% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 27%.
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