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Waremoss ltd
Registration Number
01434575Incorporation Date
03/07/1979Last Annual Return
Not availableAddress
Westminster House, Bolton Close, Uckfield, East Sussex. TN22 1PH
Website
www.waremoss.co.ukAudit Fees
£37,000Secretary
Not available
Directors
Active
Mr Bharat Kamarshibhai Chotai (69 yrs)
Active
Mr Bipin Kamarshi Chotai (78 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Aug-21 | 31-Aug-22 | 31-Aug-23 | 31-Aug-24 | 30-Aug-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 98832 | 106672 | 123562 | 134102 | 136390 |
| Directors Fees | 162 | 171 | 579 | 728 | 728 |
| Gross Profits | 34305 | 35011 | 39492 | 43832 | 44580 |
| Value Added | 29265 | 26589 | 29869 | 35103 | 35428 |
| Trading Profit | 9825 | 5018 | 4204 | 5034 | 7631 |
| Depreciation | 1098 | 1370 | 1181 | 1216 | |
| Non-Trading Income | 503 | -61 | 50 | 1555 | 0 |
| Total Interest Charges | 206 | 205 | 308 | 511 | 460 |
| Pre-tax Profit | 9024 | 3382 | 2765 | 4862 | 6077 |
| Retained Profit (Shareholders Funds) | 4144 | -523 | 1669 | 3182 | 2917 |
| Fixed Assets | 5183 | 5384 | 4895 | 9105 | 8650 |
| Intangibles | 13755 | 11407 | 10911 | 8467 | 8044 |
| Intermediate Assets | 2725 | 2735 | 2740 | 3520 | 3344 |
| Stocks | 8866 | 9949 | 11500 | 12315 | 10438 |
| Debtors | 6821 | 8811 | 10223 | 11264 | 9738 |
| Cash or Equivalent | 24162 | 19695 | 17491 | 21101 | 20557 |
| Total Current Assets | 39849 | 38455 | 39214 | 44680 | 40733 |
| Creditors | 6542 | 7743 | 9505 | 9905 | 11585 |
| Short Term Borrowing | 5066 | 5391 | 4129 | 4459 | 0 |
| Other Current Liabilities | 3208 | 1780 | 2056 | 2787 | 2787 |
| Total Current Liabilities | 14816 | 14914 | 15690 | 17151 | 14372 |
| Net Current Assets | 25033 | 23541 | 23524 | 27529 | 26361 |
| Shareholders Funds | 37964 | 37441 | 39110 | 42292 | 45209 |
| Total Loan Capital | 7528 | 4363 | 1882 | 5139 | 0 |
| Other Capital Employed | 1203 | 1262 | 1079 | 1190 | 1190 |
| Total Capital Employed | 46695 | 43066 | 42071 | 48621 | 46399 |
| Pretax Profit Margin % | 9.13 | 3.17 | 2.24 | 3.63 | 4.46 |
| Sales Growth % | 6 | 8 | 16 | 9 | 2 |
| Pretax Profit Growth % | 139 | -63 | -18 | 76 | 25.00 |
| Debtor Ratio Days | 25 | 30 | 30 | 31 | 25.9882895109692 |
| Creditor Ratio Days | 24 | 26 | 28 | 27 | 30.9185023340442 |
| Stock Turnover | 11 | 11 | 11 | 11 | 13.0671863580998 |
| Sales £000 / Employee | 103 | 103 | 109 | 109 | 119.831194151097 |
| Value Added £000/Empl. | 30 | 26 | 26 | 29 | 31.1318101933216 |
| Av. Remun. £000 / Empl. | 20 | 21 | 23 | 24 | 24.4264825345248 |
| Total Empl. Remu. £000 | 19440 | 21571 | 25665 | 30069 | 27797.3371242892 |
| Employees | 961 | 1033 | 1137 | 1231 | 1138 |
| Pretax Profit/Total Assets % | 15 | 6 | 5 | 7 | 10 |
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 8.5% in the latest year, well above the industry average of 3.5%.
- The company lies an excellent 9th in terms of Total Sales in this industry.
- The company lies an excellent 6th in terms of Pretax Profits in this industry.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 3.6% in the latest year, well above the industry average of 1.1%.
- Pretax Profit Margin has markedly improved from 2.2% to 3.6% in the latest year.
- Non Trading Income of £1.6m makes a large contribution to pretax profits of £4.9m.
- Formal debt of the company has increased by £3.6m, a rise of 60%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- We expect new accounts for this company to be filed in the next couple of months, contact us for an updated analysis.
- The company is among the Top 9 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £134m sales and made £4.9m, by following the proposal plan, sales would be level but profits would rise to £6.1m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £134m TO SALES
- ATTRACTIVE RATING
- 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-Aug-21 | 31-Aug-22 | 31-Aug-23 | 31-Aug-24 | 30-Aug-25 |
| Total Sales (£000) | 98832 | 106672 | 123562 | 134102 | 136390 |
| Pre-tax Profit (£000) | 9024 | 3382 | 2765 | 4862 | 6077 |
| Total Value (£000) | 81795 | 57381 | 58279 | 67401 | 76539 |
| Asset Value (£000) | 37350 | 38286 | 40269 | 44671 | 40214 |
| Goodwill (£000) | 44445 | 19095 | 18010 | 22730 | 36325 |
| Liabilities (£000) | 615 | -844 | -1160 | -2379 | 4995 |
| Equity Value (£000) | 82410 | 56537 | 57119 | 65022 | 81534 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
SUNILA CHOTAI WILL TRUST (33.3%)
PIYOOSH CHOTAI WILL TRUST (18.3%)
MR BIPIN KAMARSHIBHAI CHOTAI (18.3%)
MRS ANNA PIYOOSH CHOTAI (15.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
ALLIED PHARMACY LTD
D. T. WILLIAMS LTD
LOTUS CHEMIST LTD
NORTHLANDS H.H LTD
PHARMACY INITIATIVE 2 LTD
SUSSEX APOTHECARY LTD
SUTTON CHASE LTD
Acquisition / Valuation Comments
This company has been established 47 years.
1 director is over 70 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 £67.4m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 14% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 41%.
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