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James hargreaves(plumbers'merchants)ltd
Registration Number
00188491Incorporation Date
14/03/1923Last Annual Return
Not availableAddress
Parliament Street, Burnley, Lancashire. BB11 3JT
Website
www.jhbathrooms.comAudit Fees
£27,000Secretary
Mr Chander Mohan Sharma
Directors
Active
Mr Gary David Beaumont (48 yrs)
Active
Mr William Davies (67 yrs)
Active
Mr Martin Healy (53 yrs)
Active
Mr Jack Daniel Rothwell (33 yrs)
Active
Mr Carl Andrew Bridge (56 yrs)
Active
Mr David Eddison (59 yrs)
Active
Mr Simon Craig Jackson (57 yrs)
Active
Mr Chander Mohan Sharma (47 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) | 89426 | 112319 | 122380 | 132378 | 145356 |
| Directors Fees | 2548 | 3285 | 1926 | 1672 | 2006 |
| Gross Profits | 22801 | 32296 | 37048 | 37238 | 40889 |
| Value Added | 19866 | 26609 | 29928 | 29663 | 35305 |
| Trading Profit | 6929 | 11082 | 13933 | 12918 | 18590 |
| Depreciation | 1141 | 982 | 1143 | 1035 | |
| Non-Trading Income | 15 | 9 | 71 | 235 | 0 |
| Total Interest Charges | 33 | 55 | 42 | 35 | 42 |
| Pre-tax Profit | 5770 | 10054 | 12819 | 12083 | 17306 |
| Retained Profit (Shareholders Funds) | 4195 | 7683 | -6533 | 6233 | 7250 |
| Fixed Assets | 5974 | 6324 | 7660 | 8149 | 9779 |
| Intangibles | 474 | 359 | 241 | 139 | 167 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 13240 | 16013 | 18220 | 19089 | 20960 |
| Debtors | 11803 | 13801 | 16896 | 17404 | 19110 |
| Cash or Equivalent | 26234 | 28070 | 20387 | 19468 | 25227 |
| Total Current Assets | 51277 | 57884 | 55503 | 55961 | 65297 |
| Creditors | 13373 | 9572 | 15437 | 10742 | 13564 |
| Short Term Borrowing | 713 | 752 | 834 | 529 | 0 |
| Other Current Liabilities | 5307 | 8227 | 7650 | 6807 | 8168 |
| Total Current Liabilities | 19393 | 18551 | 23921 | 18078 | 21732 |
| Net Current Assets | 31884 | 39333 | 31582 | 37883 | 43565 |
| Shareholders Funds | 38332 | 46015 | 39482 | 45715 | 52965 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 455 | 546 |
| Total Capital Employed | 38332 | 46015 | 39482 | 46170 | 53511 |
| Pretax Profit Margin % | 6.45 | 8.95 | 10.47 | 9.13 | 11.91 |
| Sales Growth % | -1 | 26 | 9 | 8 | 10 |
| Pretax Profit Growth % | 1 | 74 | 28 | -6 | 43.23 |
| Debtor Ratio Days | 48 | 45 | 50 | 48 | 47.8558068561241 |
| Creditor Ratio Days | 54 | 31 | 46 | 30 | 33.9678889241415 |
| Stock Turnover | 7 | 7 | 7 | 7 | 6.9347791922049 |
| Sales £000 / Employee | 261 | 327 | 341 | 355 | 390.390884718499 |
| Value Added £000/Empl. | 58 | 77 | 83 | 80 | 94.8208049436172 |
| Av. Remun. £000 / Empl. | 38 | 45 | 45 | 45 | 44.8927613941019 |
| Total Empl. Remu. £000 | 12937 | 15527 | 15995 | 16745 | 16715.0968815463 |
| Employees | 342 | 344 | 359 | 373 | 372.33389888425 |
| Pretax Profit/Total Assets % | 10 | 16 | 20 | 19 | 23 |
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 8.2% in the latest year, well above the industry average of -0.2%.
- The company lies an excellent 7th in terms of Total Sales in this industry.
- The company lies an excellent 5th in terms of Pretax Profits in this industry.
- Sales per Employee is £355,000 which is well above the industry average of £300,000.
- The average salary is £45,000 which is well above the industry average of £36,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 9.1% in the latest year, well above the industry average of 4.2%.
- Formal debt of the company has decreased by £305,000, a fall of 37%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 6 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 18 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £132m sales and made £12.1m, by following the proposal plan, sales would rise to £145m and profits would rise to £17.3m.
Key Attractiveness Features
- ADD £132m 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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 89426 | 112319 | 122380 | 132378 | 145356 |
| Pre-tax Profit (£000) | 5770 | 10054 | 12819 | 12083 | 17306 |
| Total Value (£000) | 73171 | 103422 | 116597 | 112556 | 146786 |
| Asset Value (£000) | 31491 | 36497 | 43017 | 44781 | 50016 |
| Goodwill (£000) | 41680 | 66925 | 73580 | 67775 | 96770 |
| Liabilities (£000) | 6841 | 9519 | -3534 | 935 | 2949 |
| Equity Value (£000) | 80012 | 112941 | 113063 | 113491 | 149735 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
JAMES HARGREAVES PM LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 102 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
1 director is under 40 years of age.
The total value of the company is currently £112.6m 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 30% if the proposed business plan was followed.
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