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Bionic services group ltd
Registration Number
07159620Incorporation Date
16/02/2010Last Annual Return
Not availableAddress
5th Floor, 9 Appold Street, London, London. EC2A 2AP
Website
www.makeitcheaper.comAudit Fees
£176,000Secretary
Not available
Directors
Active
Mr Paul John Galligan (50 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) | 47272 | 67479 | 77998 | 102632 | 121106 |
| Directors Fees | 655 | 752 | 1254 | 0 | 0 |
| Gross Profits | 23002 | 32226 | 34778 | 46682 | 55085 |
| Value Added | 22627 | 34579 | 37758 | 53035 | 56386 |
| Trading Profit | -276 | 6276 | 118 | 9462 | 9644 |
| Depreciation | 474 | 566 | 482 | 497 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 369 | 150 | 72 | 0 | 0 |
| Pre-tax Profit | -1119 | 5560 | -436 | 8965 | 9048 |
| Retained Profit (Shareholders Funds) | -587 | 5379 | 4213 | 8161 | 5379 |
| Fixed Assets | 959 | 1035 | 948 | 2677 | 3212 |
| Intangibles | 20407 | 28280 | 25683 | 25403 | 30484 |
| Intermediate Assets | 7 | 11 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2665 | 1366 | 2074 | 4489 | 5297 |
| Cash or Equivalent | 21259 | 27196 | 35379 | 43010 | 25635 |
| Total Current Assets | 23924 | 28562 | 37453 | 47499 | 30932 |
| Creditors | 3920 | 3011 | 3308 | 3824 | 5189 |
| Short Term Borrowing | 9101 | 20243 | 20541 | 20877 | 0 |
| Other Current Liabilities | 13040 | 11209 | 13181 | 15559 | 18671 |
| Total Current Liabilities | 26061 | 34463 | 37030 | 40260 | 23860 |
| Net Current Assets | -2137 | -5901 | 423 | 7239 | 7072 |
| Shareholders Funds | 17217 | 22596 | 26809 | 34970 | 40349 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 2019 | 829 | 245 | 349 | 419 |
| Total Capital Employed | 19236 | 23425 | 27054 | 35319 | 40768 |
| Pretax Profit Margin % | -2.37 | 8.24 | -0.56 | 8.74 | 7.47 |
| Sales Growth % | 5 | 43 | 16 | 32 | 18 |
| Pretax Profit Growth % | -165 | 597 | -108 | 2156 | 0.93 |
| Debtor Ratio Days | 21 | 7 | 10 | 16 | 15.9209213500663 |
| Creditor Ratio Days | 30 | 16 | 15 | 14 | 15.5967573466365 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 103 | 122 | 127 | 135 | 148.156430446195 |
| Value Added £000/Empl. | 49 | 62 | 62 | 70 | 68.9806041194005 |
| Av. Remun. £000 / Empl. | 50 | 51 | 62 | 57 | 57.1824146981627 |
| Total Empl. Remu. £000 | 22903 | 28303 | 37640 | 43573 | 46741.9454545454 |
| Employees | 458 | 554 | 612 | 762 | 817.41818181818 |
| Pretax Profit/Total Assets % | -2 | 10 | -1 | 12 | 14 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
- Total Sales have increased by 31.6% in the latest year, well above the industry average of 19.7%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The formal debt of the company is high, representing 20% of Total Sales.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 9 companies listed as a Best Trading Partner (see section 1c).
- 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 6 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 34 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £103m sales and made £9.0m, by following the proposal plan, sales would rise to £121m and profits would stay thesame.
Key Attractiveness Features
- ADD £103m TO SALES
- 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-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 47272 | 67479 | 77998 | 102632 | 121106 |
| Pre-tax Profit (£000) | -1119 | 5560 | -436 | 8965 | 9048 |
| Total Value (£000) | 23563 | 63002 | 33155 | 77394 | 84233 |
| Asset Value (£000) | 24038 | 30692 | 28705 | 32569 | 38993 |
| Goodwill (£000) | -475 | 32310 | 4450 | 44825 | 45240 |
| Liabilities (£000) | -6821 | -8096 | -1896 | 2401 | 1356 |
| Equity Value (£000) | 16742 | 54906 | 31259 | 79795 | 85589 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
SMILE BIDCO LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
BIONIC FINANCIAL SERVICES LTD
BIONIC SERVICES LTD
BUSINESS COMPARISON GROUP LTD
MAKE IT CHEAPER FINANCIAL SERVICES LTD
MAKE IT CHEAPER GROUP LTD
MAKE IT CHEAPER LTD
MAKE IT CHEAPER TRUSTEES LTD
TRIPLE S PROMOTIONS LTD
UNDER B1 LTD
SK UTILITIES LTD
Acquisition / Valuation Comments
This company has been established 15 years.
The number of shareholders is low (1)
The total value of the company is currently £77.4m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 14% return on total assets.
The proposed plan would improve the overall financial strength of the company by 42%.
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