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Shire foods ltd

Warwickshire. Registration No: 00980392

  • Registration Number

    00980392

  • Incorporation Date

    22/05/1970

  • Last Annual Return

    Not available

  • Address

    Tachbrook Road, Leamington Spa, Warwickshire. CV31 3SF

  • Website

    www.shirefoods.com

  • Audit Fees

    £21,000

  • Secretary

    Mr Michael Andrew Tzirki

Directors

Active

Mr Nicholas Paul Lander (59 yrs)

Active

Mr Michael Andrew Tzirki (65 yrs)

Company

Industry Av.

Proposed

Proposed
Year
Period Ending 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 30-Dec-25
Weeks 52 52 52 52 52
Total Sales (£000) 30775 38175 42965 49040 57361
Directors Fees 0 175 0 0 0
Gross Profits 5373 6161 7921 10677 12489
Value Added 8002 9157 11745 15509 18453
Trading Profit 2950 3496 4694 7042 9447
Depreciation 922 933 1010 1123
Non-Trading Income 0 0 0 0 0
Total Interest Charges 137 129 172 100 120
Pre-tax Profit 1891 2434 3512 5819 7979
Retained Profit (Shareholders Funds) 1638 2383 571 4489 3491
Fixed Assets 8082 8137 7905 7698 9238
Intangibles 0 0 0 0 0
Intermediate Assets 0 0 0 0 0
Stocks 3653 3362 5925 6235 7293
Debtors 6577 7466 6840 7668 8969
Cash or Equivalent 724 3108 1387 6022 6415
Total Current Assets 10954 13936 14152 19925 22677
Creditors 1385 2531 2457 3309 4451
Short Term Borrowing 1797 1625 638 307 0
Other Current Liabilities 1399 1373 1968 2682 3218
Total Current Liabilities 4581 5529 5063 6298 7669
Net Current Assets 6373 8407 9089 13627 15008
Shareholders Funds 11690 14073 14644 19133 22624
Total Loan Capital 1615 1270 1065 840 0
Other Capital Employed 1150 1201 1285 1352 1622
Total Capital Employed 14455 16544 16994 21325 24246
Pretax Profit Margin % 6.14 6.38 8.17 11.87 13.91
Sales Growth % 13 24 13 14 17
Pretax Profit Growth % 17 29 44 66 37.00
Debtor Ratio Days 78 71 58 57 56.915823817292
Creditor Ratio Days 16 24 21 25 28.2452569331158
Stock Turnover 8 11 7 8 7.8652766639936
Sales £000 / Employee 150 172 169 173 190.614840989399
Value Added £000/Empl. 39 41 46 55 61.3056478405316
Av. Remun. £000 / Empl. 25 26 28 30 29.9187279151943
Total Empl. Remu. £000 5052 5661 7051 8467 9005.53710247349
Employees 205 222 254 283 301
Pretax Profit/Total Assets % 10 11 16 21 25

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 14.1% in the latest year, well above the industry average of 4.6%.
  • Sales per Employee is £173,000 which is well above the industry average of £132,000.
  • 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 6 other companies achieved this.
  • Pretax Profit Margin is 11.9% in the latest year, well above the industry average of 4.5%.
  • Pretax Profit Margin has markedly improved from 8.2% to 11.9% in the latest year.
  • Formal debt of the company has decreased by £556,000, a fall of 33%.
  • 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 10 in terms of Trading Profits.
  • The company is among the Top 19 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

Industry Av.

Proposed

The data extends above the graph limits

Company Summary

The company currently has £49.0m sales and made £5.8m, by following the proposal plan, sales would rise to £57.4m and profits would rise to £8.0m.

Key Attractiveness Features

  • PRIVATELY OWNED
  • ADD £49.0m 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
Acquisition Attractiveness
  • Highly Attractive
  • Worth Considering
  • Unattractive

Company Valuation

Proposed
Year
Period Ending 31-Dec-21 31-Dec-22 31-Dec-23 31-Dec-24 30-Dec-25
Total Sales (£000) 30775 38175 42965 49040 57361
Pre-tax Profit (£000) 1891 2434 3512 5819 7979
Total Value (£000) 28452 32655 39090 51196 65995
Asset Value (£000) 18312 18965 20670 21601 25500
Goodwill (£000) 10140 13690 18420 29595 40495
Liabilities (£000) -6622 -4892 -6026 -2468 -2876
Equity Value (£000) 21830 27763 33064 48728 63119

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership

VOLVERE PLC (100.0%)

Immediate Shareholder: See Shareholders

Subsidiaries

BALTI PIES LTD

FAMOUS PIES LTD

PIZZA POD LTD

SHIRE FAMOUS PIES LTD

SHIRE FOODS OF WARWICK LTD

SHIRE PIES LTD

Acquisition / Valuation Comments

This company has been established 56 years.

The number of shareholders is low (1).

1 director is over 60 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 £51.2m including debts.

The equity value is high, indicating low levels of total liabilities.

This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.

The proposed year is based on achieving a 25% return on total assets.

The company's value would increase by 29% if the proposed business plan was followed.

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