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Enva northern ireland ltd
Registration Number
NI017996Incorporation Date
29/11/1984Last Annual Return
Not availableAddress
1 Cloonagh Road, Downpatrick, County Down. BT30 6LJ
Website
www.enva.comAudit Fees
Not availableSecretary
Mr Gareth Healy
Directors
Active
Mr Jason Russel Gary Ashton (57 yrs)
Active
Mr Barry Phillips (47 yrs)
Active
Mr Roger McDermott (41 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 8750 | 16620 | 26939 | 30751 | 35973 |
| Directors Fees | 140 | 134 | 0 | 0 | 0 |
| Gross Profits | 5536 | 9695 | 15380 | 16309 | 19078 |
| Value Added | 3954 | 7606 | 10841 | 12087 | 13045 |
| Trading Profit | 2279 | 4511 | 6589 | 7169 | 7815 |
| Depreciation | 417 | 802 | 1339 | 1572 | |
| Non-Trading Income | -271 | 1442 | 253 | 307 | 0 |
| Total Interest Charges | 23 | 784 | 39 | 140 | 168 |
| Pre-tax Profit | 1568 | 4367 | 5464 | 5764 | 5761 |
| Retained Profit (Shareholders Funds) | 1569 | 3956 | 4843 | 4900 | 3458 |
| Fixed Assets | 2426 | 9554 | 12714 | 19106 | 22927 |
| Intangibles | 18 | 3358 | 2900 | 2621 | 3145 |
| Intermediate Assets | 805 | 805 | 805 | 805 | 966 |
| Stocks | 50 | 167 | 190 | 195 | 228 |
| Debtors | 1288 | 2745 | 2712 | 2996 | 3505 |
| Cash or Equivalent | 13393 | 19884 | 21011 | 21113 | 7637 |
| Total Current Assets | 14731 | 22796 | 23913 | 24304 | 11370 |
| Creditors | 607 | 1688 | 1678 | 3933 | 5291 |
| Short Term Borrowing | 4612 | 15827 | 14346 | 13791 | 0 |
| Other Current Liabilities | 2139 | 3372 | 3613 | 2603 | 3124 |
| Total Current Liabilities | 7358 | 20887 | 19637 | 20327 | 8415 |
| Net Current Assets | 7373 | 1909 | 4276 | 3977 | 2955 |
| Shareholders Funds | 10150 | 14106 | 18949 | 23849 | 27307 |
| Total Loan Capital | 388 | 568 | 372 | 422 | 0 |
| Other Capital Employed | 85 | 954 | 1374 | 2238 | 2686 |
| Total Capital Employed | 10623 | 15628 | 20695 | 26509 | 29993 |
| Pretax Profit Margin % | 17.92 | 26.28 | 20.28 | 18.74 | 16.01 |
| Sales Growth % | 11 | 90 | 62 | 14 | 17 |
| Pretax Profit Growth % | -9 | 179 | 25 | 5 | -0.05 |
| Debtor Ratio Days | 54 | 60 | 37 | 35 | 35.4636922376508 |
| Creditor Ratio Days | 25 | 37 | 23 | 47 | 53.5382198952879 |
| Stock Turnover | 175 | 100 | 142 | 158 | 157.697435897436 |
| Sales £000 / Employee | 199 | 208 | 236 | 256 | 281.884166666666 |
| Value Added £000/Empl. | 90 | 95 | 95 | 101 | 102.221377916484 |
| Av. Remun. £000 / Empl. | 38 | 39 | 37 | 41 | 40.9833333333333 |
| Total Empl. Remu. £000 | 1675 | 3095 | 4252 | 4918 | 5230.09564369333 |
| Employees | 44 | 80 | 114 | 120 | 127.615184474014 |
| Pretax Profit/Total Assets % | 9 | 12 | 14 | 12 | 15 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 14.2% in the latest year, well above the industry average of -5.7%.
- Gross Profit Margin is 53.0% in the latest year, well above the industry average of 29.7%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years.Only 4 other companies achieved this.
- Pretax Profit Margin is 18.7% in the latest year, well above the industry average of 7.5%.
- The formal debt of the company is high, representing 46% of Total Sales.
- 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 2 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 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 5 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).
Company Summary
The company currently has £30.8m sales and made £5.8m, by following the proposal plan, sales would rise to £36.0m and profits would stay thesame.
Key Attractiveness Features
- ADD £30.8m TO SALES
- 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-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 8750 | 16620 | 26939 | 30751 | 35973 |
| Pre-tax Profit (£000) | 1568 | 4367 | 5464 | 5764 | 5761 |
| Total Value (£000) | 14597 | 35844 | 45571 | 53708 | 60416 |
| Asset Value (£000) | 4587 | 16629 | 19321 | 25723 | 30771 |
| Goodwill (£000) | 10010 | 19215 | 26250 | 27985 | 29645 |
| Liabilities (£000) | 5562 | -2525 | -372 | -1874 | -3464 |
| Equity Value (£000) | 20159 | 33319 | 45199 | 51834 | 56952 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ENVA IRISH OPCO LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 41 years.
The number of shareholders is low (1)
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 £53.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 15% return on total assets.
The company's value would increase by 12% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 85%.
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