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O'hara bros. Surfacing ltd
Registration Number
01227355Incorporation Date
23/09/1975Last Annual Return
Not availableAddress
101 Rowlands Avenue, Hatch End, Pinner, Middlesex. HA5 4AW
Website
www.oharabros.co.ukAudit Fees
£24,000Secretary
Ms Noreen O'Hara
Directors
Active
Mr Christopher Patrick O'Hara (39 yrs)
Active
Mr Warren Perrin (56 yrs)
Active
Mr Michael O'Hara (78 yrs)
Active
Mr John Sanders (58 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 30766 | 21687 | 30975 | 37950 | 44781 |
| Directors Fees | 364 | 573 | 382 | 384 | 461 |
| Gross Profits | 6043 | 3114 | 5557 | 8029 | 9474 |
| Value Added | 6642 | 3796 | 5865 | 8157 | 9582 |
| Trading Profit | 4704 | 1593 | 3997 | 6441 | 7734 |
| Depreciation | 665 | 877 | 886 | 1123 | |
| Non-Trading Income | 176 | 2 | 6 | 12 | 0 |
| Total Interest Charges | 58 | 72 | 106 | 186 | 223 |
| Pre-tax Profit | 4157 | 646 | 3011 | 5144 | 6163 |
| Retained Profit (Shareholders Funds) | 1267 | -1419 | 2275 | 1777 | 3086 |
| Fixed Assets | 3320 | 3047 | 3958 | 3612 | 4334 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3679 | 4323 | 4411 | 5530 | 6525 |
| Cash or Equivalent | 12141 | 9964 | 13304 | 17194 | 15937 |
| Total Current Assets | 15820 | 14287 | 17715 | 22724 | 22462 |
| Creditors | 4084 | 2239 | 3889 | 3801 | 5158 |
| Short Term Borrowing | 1024 | 2470 | 1279 | 3302 | 0 |
| Other Current Liabilities | 1386 | 1287 | 1824 | 3033 | 3640 |
| Total Current Liabilities | 6494 | 5996 | 6992 | 10136 | 8798 |
| Net Current Assets | 9326 | 8291 | 10723 | 12588 | 13664 |
| Shareholders Funds | 11287 | 9868 | 12143 | 13920 | 17006 |
| Total Loan Capital | 724 | 904 | 1661 | 1452 | 0 |
| Other Capital Employed | 635 | 566 | 877 | 827 | 992 |
| Total Capital Employed | 12646 | 11338 | 14681 | 16199 | 17998 |
| Pretax Profit Margin % | 13.51 | 2.98 | 9.72 | 13.55 | 13.76 |
| Sales Growth % | 27 | -30 | 43 | 23 | 18 |
| Pretax Profit Growth % | 106 | -84 | 366 | 71 | 20.00 |
| Debtor Ratio Days | 44 | 73 | 52 | 53 | 53.0413702239789 |
| Creditor Ratio Days | 48 | 38 | 46 | 36 | 41.9261818181818 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 855 | 638 | 911 | 1460 | 1605.57692307692 |
| Value Added £000/Empl. | 185 | 112 | 173 | 314 | 342.214285714286 |
| Av. Remun. £000 / Empl. | 54 | 65 | 55 | 66 | 66 |
| Total Empl. Remu. £000 | 1938 | 2203 | 1868 | 1716 | 1848 |
| Employees | 36 | 34 | 34 | 26 | 28 |
| Pretax Profit/Total Assets % | 22 | 4 | 14 | 20 | 23 |
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 22.5% in the latest year, well above the industry average of -2.7%.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Sales per Employee is £1.5m which is well above the industry average of £365,000.
- The average salary is £66,000 which is well above the industry average of £59,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 13.6% in the latest year, well above the industry average of 4.7%.
- Pretax Profit Margin has markedly improved from 9.7% to 13.6% in the latest year.
- Shareholders received £2.0m in dividends this year, over 39% of the pretax profits of the company.
- Formal debt of the company has increased by £1.8m, a rise of 62%.
- 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).
Company Summary
The company currently has £38.0m sales and made £5.1m, by following the proposal plan, sales would rise to £44.8m and profits would rise to £6.2m.
Key Attractiveness Features
- ADD £38.0m TO SALES
- FEW DIRECTORS
- HIGH DIVIDEND
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 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Total Sales (£000) | 30766 | 21687 | 30975 | 37950 | 44781 |
| Pre-tax Profit (£000) | 4157 | 646 | 3011 | 5144 | 6163 |
| Total Value (£000) | 29014 | 13815 | 25834 | 37652 | 45094 |
| Asset Value (£000) | 6999 | 7370 | 8369 | 9142 | 10859 |
| Goodwill (£000) | 22015 | 6445 | 17465 | 28510 | 34235 |
| Liabilities (£000) | 4288 | 2498 | 3774 | 4779 | 6147 |
| Equity Value (£000) | 33302 | 16313 | 29608 | 42431 | 51241 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
O'HARA BROS. SURFACING HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ASPHALT-IQ LTD
O'HARA BROS. SERVICES LTD
Acquisition / Valuation Comments
This company has been established 51 years.
The number of shareholders is low (1).
1 director is over 70 years of age.
1 director is under 40 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £37.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 23% return on total assets.
The company's value would increase by 20% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 26%.
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