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Angus fire ltd
Registration Number
08441992Incorporation Date
12/03/2013Last Annual Return
Not availableAddress
Station Road, Bentham, Lancaster, Lancashire. LA2 7NA
Website
www.flexiblepipelines.co.ukAudit Fees
£135,000Secretary
Not available
Directors
Active
Ms Lynda Michelle Guest (62 yrs)
Active
Mr Paul Williams (61 yrs)
Active
Mr Christopher John Thomas (70 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) | 25633 | 26764 | 30154 | 32853 | 36382 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 6533 | 6798 | 9172 | 8816 | 9763 |
| Value Added | 7588 | 7395 | 8673 | 10086 | 10421 |
| Trading Profit | 275 | 1650 | 2705 | 3990 | 4284 |
| Depreciation | 440 | 438 | 515 | 400 | |
| Non-Trading Income | 0 | 0 | 6 | 0 | 0 |
| Total Interest Charges | 175 | 174 | 174 | 174 | 209 |
| Pre-tax Profit | -340 | 1038 | 2022 | 3416 | 3595 |
| Retained Profit (Shareholders Funds) | -157 | 835 | 2005 | 3357 | 2050 |
| Fixed Assets | 1362 | 1584 | 1291 | 1330 | 1596 |
| Intangibles | 3833 | 2300 | 767 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 3157 | 3983 | 3427 | 4552 | 5041 |
| Debtors | 5498 | 3023 | 4441 | 2422 | 2682 |
| Cash or Equivalent | 15060 | 18478 | 20687 | 25557 | 20642 |
| Total Current Assets | 23715 | 25484 | 28555 | 32531 | 28365 |
| Creditors | 4665 | 3441 | 3899 | 4031 | 5134 |
| Short Term Borrowing | 8406 | 10826 | 0 | 0 | 0 |
| Other Current Liabilities | 2825 | 1543 | 1538 | 1714 | 2057 |
| Total Current Liabilities | 15896 | 15810 | 5437 | 5745 | 7191 |
| Net Current Assets | 7819 | 9674 | 23118 | 26786 | 21174 |
| Shareholders Funds | 12148 | 12983 | 14988 | 18345 | 20395 |
| Total Loan Capital | 0 | 0 | 9262 | 7792 | 0 |
| Other Capital Employed | 866 | 575 | 926 | 1979 | 2375 |
| Total Capital Employed | 13014 | 13558 | 25176 | 28116 | 22770 |
| Pretax Profit Margin % | -1.33 | 3.88 | 6.71 | 10.4 | 9.88 |
| Sales Growth % | -30 | 4 | 13 | 9 | 11 |
| Pretax Profit Growth % | -121 | 405 | 95 | 69 | 5.24 |
| Debtor Ratio Days | 78 | 41 | 54 | 27 | 26.8349313609107 |
| Creditor Ratio Days | 66 | 47 | 47 | 45 | 51.3614160046267 |
| Stock Turnover | 8 | 7 | 9 | 7 | 7.2172671353251 |
| Sales £000 / Employee | 158 | 188 | 222 | 245 | 269.68880597015 |
| Value Added £000/Empl. | 47 | 52 | 64 | 75 | 77.2483793539193 |
| Av. Remun. £000 / Empl. | 45 | 40 | 44 | 45 | 45.4925373134328 |
| Total Empl. Remu. £000 | 7313 | 5745 | 5968 | 6096 | 6137.05731185971 |
| Employees | 162 | 142 | 136 | 134 | 134.9025065271 |
| Pretax Profit/Total Assets % | -1 | 4 | 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 9.0% in the latest year, well above the industry average of 4.5%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 10.4% in the latest year, well above the industry average of 5.1%.
- Pretax Profit Margin has markedly improved from 6.7% to 10.4% in the latest year.
- The formal debt of the company is high, representing 24% of Total Sales.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The company is among the Top 10 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 25 in terms of Trading Profits.
- The company is among the Top 35 Leaders in Efficiency.
- The company is among the Top 94 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £32.9m sales and made £3.4m, by following the proposal plan, sales would rise to £36.4m and profits would rise to £3.6m.
Key Attractiveness Features
- ADD £32.9m TO SALES
- FEW DIRECTORS
- HIGH AVERAGE AGE
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) | 25633 | 26764 | 30154 | 32853 | 36382 |
| Pre-tax Profit (£000) | -340 | 1038 | 2022 | 3416 | 3595 |
| Total Value (£000) | 13025 | 16950 | 20876 | 26254 | 28339 |
| Asset Value (£000) | 13850 | 10890 | 9926 | 8304 | 9319 |
| Goodwill (£000) | -825 | 6060 | 10950 | 17950 | 19020 |
| Liabilities (£000) | -1702 | 2093 | 5062 | 10041 | 11076 |
| Equity Value (£000) | 11323 | 19043 | 25938 | 36295 | 39415 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ANGUS HOLDINGS SAFETY GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 12 years.
The number of shareholders is low (1)
3 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 £26.3m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 12% return on total assets.
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