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Goodwin international ltd
Registration Number
00468115Incorporation Date
05/05/1949Last Annual Return
Not availableAddress
Ivy House Foundry, Goodwin House, Leek Road, Stoke-On-Trent, Staffordshire. ST1 3NR
Website
www.goodwin.co.ukAudit Fees
£45,000Secretary
Ms Jenny Louise Martin
Directors
Active
Mr Nigel Brown (67 yrs)
Active
Mr Matthew Stanley Goodwin (44 yrs)
Active
Mr Mark Alexander Howell (42 yrs)
Active
Mr John Walker Goodwin (74 yrs)
Active
Mr Richard Stanley Goodwin (71 yrs)
Active
Mr Paul Michael Root (46 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 30-Apr-25 | 29-Apr-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 43515 | 61247 | 71608 | 80922 | 93553 |
| Directors Fees | 303 | 525 | 385 | 574 | 689 |
| Gross Profits | 7737 | 11650 | 24924 | 29130 | 33677 |
| Value Added | 19447 | 24720 | 30875 | 34753 | 39358 |
| Trading Profit | 5136 | 8900 | 11738 | 14737 | 18347 |
| Depreciation | 704 | 642 | 630 | 666 | |
| Non-Trading Income | 5 | 7 | 0 | 0 | 0 |
| Total Interest Charges | 77 | 57 | 17 | 15 | 18 |
| Pre-tax Profit | 4360 | 8208 | 11091 | 14056 | 17530 |
| Retained Profit (Shareholders Funds) | -4941 | 1321 | 661 | -531 | 8434 |
| Fixed Assets | 4377 | 4036 | 3348 | 3418 | 4102 |
| Intangibles | 22 | 18 | 577 | 74 | 89 |
| Intermediate Assets | 98 | 98 | 98 | 98 | 118 |
| Stocks | 11186 | 14664 | 18103 | 9553 | 11044 |
| Debtors | 12742 | 19627 | 22854 | 20836 | 24088 |
| Cash or Equivalent | 6634 | 5648 | 3875 | 5307 | 1326.75 |
| Total Current Assets | 30562 | 39939 | 44832 | 35696 | 36459 |
| Creditors | 4320 | 17475 | 9736 | 11036 | 14672 |
| Short Term Borrowing | 13743 | 14589 | 22388 | 13187 | 1455.75 |
| Other Current Liabilities | 8036 | 2041 | 3344 | 2503 | 3004 |
| Total Current Liabilities | 26099 | 34105 | 35468 | 26726 | 19132 |
| Net Current Assets | 4463 | 5834 | 9364 | 8970 | 17327 |
| Shareholders Funds | 7447 | 8768 | 9429 | 8898 | 17332 |
| Total Loan Capital | 624 | 378 | 362 | 438 | 438 |
| Other Capital Employed | 887 | 839 | 3596 | 3222 | 3866 |
| Total Capital Employed | 8958 | 9985 | 13387 | 12558 | 21636 |
| Pretax Profit Margin % | 10.02 | 13.4 | 15.49 | 17.37 | 18.74 |
| Sales Growth % | -11 | 41 | 17 | 13 | 16 |
| Pretax Profit Growth % | -59 | 88 | 35 | 27 | 25.00 |
| Debtor Ratio Days | 107 | 117 | 116 | 94 | 93.7236351054102 |
| Creditor Ratio Days | 36 | 104 | 49 | 50 | 57.0879315884432 |
| Stock Turnover | 4 | 4 | 4 | 8 | 8.4708468543913 |
| Sales £000 / Employee | 138 | 190 | 203 | 224 | 245.895580110497 |
| Value Added £000/Empl. | 62 | 77 | 87 | 96 | 103.573684210526 |
| Av. Remun. £000 / Empl. | 45 | 49 | 54 | 55 | 55.292817679558 |
| Total Empl. Remu. £000 | 14311 | 15820 | 19137 | 20016 | 21011.270718232 |
| Employees | 315 | 323 | 353 | 362 | 380 |
| Pretax Profit/Total Assets % | 12 | 19 | 23 | 36 | 43 |
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 13.0% in the latest year, well above the industry average of 1.2%.
- The company lies an excellent 8th in terms of Total Sales in this industry.
- The company lies an excellent 7th 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.
- Exports contribute 47% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years. Only 5 other companies achieved this.
- Pretax Profit Margin is 17.4% in the latest year, well above the industry average of 8.2%.
- Shareholders received £11.2m in dividends this year, over 80% of the pretax profits of the company.
- Formal debt of the company has decreased by £9.1m, a fall of 40%.
- 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 25 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £80.9m sales and made £14.1m, by following the proposal plan, sales would rise to £93.6m and profits would rise to £17.5m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £80.9m TO SALES
- 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-Apr-22 | 30-Apr-23 | 30-Apr-24 | 30-Apr-25 | 29-Apr-26 |
| Total Sales (£000) | 43515 | 61247 | 71608 | 80922 | 93553 |
| Pre-tax Profit (£000) | 4360 | 8208 | 11091 | 14056 | 17530 |
| Total Value (£000) | 52100 | 82358 | 102445 | 107204 | 130626 |
| Asset Value (£000) | 28425 | 38443 | 44980 | 33979 | 39441 |
| Goodwill (£000) | 23675 | 43915 | 57465 | 73225 | 91185 |
| Liabilities (£000) | -20976 | -29674 | -35551 | -25079 | -22109 |
| Equity Value (£000) | 31124 | 52684 | 66894 | 82125 | 108517 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
GOODWIN PLC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 77 years.
The number of shareholders is low (1).
2 directors are 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 £107.2m 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 43% return on total assets.
The company's value would increase by 22% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 55%.
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