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Forresters ip llp
Registration Number
OC416271Incorporation Date
07/03/2017Last Annual Return
Not availableAddress
Rutland House, 148 Edmund Street, Birmingham, West Midlands. B3 2JA
Website
www.forresters.co.ukAudit Fees
£35,000Secretary
Not available
Directors
Active
Mr Timothy Mark Ashton (45 yrs)
Active
Alex Thomas Stewart Beattie (49 yrs)
Active
Dr Mark Anthony Connell (45 yrs)
Active
Ms Jenny Susan Donald (47 yrs)
Active
Mr Matthew Thomas Barton (48 yrs)
Active
Mr Christopher William Bond (42 yrs)
Active
Ms Kathryn Louise Cruse (48 yrs)
Active
Dr Jack Peter Gunning (42 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) | 24849 | 25328 | 27046 | 30932 | 36265 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | NA | NA | NA | NA | NA |
| Value Added | 12169 | 6085 | 13824 | 16103 | 21503 |
| Trading Profit | 6673 | 351 | 7460 | 9408 | 14367 |
| Depreciation | 291 | 301 | 326 | 372 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 1 | 6 | 18 | 72 | 86 |
| Pre-tax Profit | 6381 | 44 | 7116 | 8964 | 13835 |
| Retained Profit (Shareholders Funds) | 1947 | 586 | -17 | 850 | 5378 |
| Fixed Assets | 1145 | 981 | 951 | 795 | 954 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 6506 | 6807 | 7369 | 9114 | 10685 |
| Cash or Equivalent | 6278 | 3414 | 2208 | 3403 | 5441 |
| Total Current Assets | 12784 | 10221 | 9577 | 12517 | 16126 |
| Creditors | 1832 | 1703 | 1479 | 1115 | 1503 |
| Short Term Borrowing | 812 | 112 | 112 | 2223 | 0 |
| Other Current Liabilities | 1624 | 1997 | 1675 | 1662 | 1994 |
| Total Current Liabilities | 4268 | 3812 | 3266 | 5000 | 3497 |
| Net Current Assets | 8516 | 6409 | 6311 | 7517 | 12629 |
| Shareholders Funds | 6413 | 6999 | 6982 | 7832 | 13210 |
| Total Loan Capital | 3248 | 392 | 280 | 168 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 311 | 373 |
| Total Capital Employed | 9661 | 7391 | 7262 | 8311 | 13583 |
| Pretax Profit Margin % | 25.68 | 0.17 | 26.31 | 28.98 | 38.15 |
| Sales Growth % | 6 | 2 | 7 | 14 | 17 |
| Pretax Profit Growth % | 2 | -99 | 16073 | 26 | 54.34 |
| Debtor Ratio Days | 95 | 98 | 99 | 107 | 107.251260830208 |
| Creditor Ratio Days | 27 | 24 | 20 | 13 | 15.0891956549852 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 248 | 248 | 241 | 284 | 312.157798165137 |
| Value Added £000/Empl. | 122 | 60 | 123 | 148 | 185.0900192541 |
| Av. Remun. £000 / Empl. | 55 | 56 | 57 | 61 | 61.4220183486239 |
| Total Empl. Remu. £000 | 5496 | 5734 | 6364 | 6695 | 7135.75840487252 |
| Employees | 100 | 102 | 112 | 109 | 116.175902334743 |
| Pretax Profit/Total Assets % | 46 | 0 | 68 | 67 | 81 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 14.4% in the latest year, well above the industry average of 8.9%.
- Sales per Employee is £284,000 which is well above the industry average of £251,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 29.0% in the latest year, well above the industry average of 20.6%.
- Formal debt of the company has increased by £2.0m, a rise of 510%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 7 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 16 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 92 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £30.9m sales and made £9.0m, by following the proposal plan, sales would rise to £36.3m and profits would rise to £13.8m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £30.9m TO SALES
- ATTRACTIVE PRICE
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) | 24849 | 25328 | 27046 | 30932 | 36265 |
| Pre-tax Profit (£000) | 6381 | 44 | 7116 | 8964 | 13835 |
| Total Value (£000) | 39561 | 8038 | 43990 | 55089 | 81244 |
| Asset Value (£000) | 7651 | 7788 | 8320 | 9909 | 11639 |
| Goodwill (£000) | 31910 | 250 | 35670 | 45180 | 69605 |
| Liabilities (£000) | -1238 | -790 | -1338 | -2076 | 1571 |
| Equity Value (£000) | 38323 | 7248 | 42652 | 53013 | 82815 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
Not available
Immediate Shareholder: See Shareholders
Subsidiaries
FORRESTER KETLEY LTD
Acquisition / Valuation Comments
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 £55.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 81% return on total assets.
The company's value would increase by 47% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 65%.
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