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Capital refractories ltd
Registration Number
01101489Incorporation Date
13/03/1973Last Annual Return
Not availableAddress
Station Road, Clowne, Chesterfield, Derbyshire. S43 4AB
Website
www.capital-refractories.comAudit Fees
£53,000Secretary
Ms Deirdre Helen Newsome
Directors
Active
Mr James Philip Russell Newsome (56 yrs)
Active
Ms Margot Lynne Stuart-Harris (80 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Nov-20 | 30-Nov-21 | 30-Nov-22 | 30-Nov-23 | 28-Nov-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 32486 | 37442 | 44002 | 47354 | 51683 |
| Directors Fees | 298 | 307 | 338 | 458 | 550 |
| Gross Profits | 10862 | 12622 | 14504 | 16615 | 18134 |
| Value Added | 10916 | 13337 | 14597 | 14147 | 15265 |
| Trading Profit | 4230 | 6100 | 6726 | 5340 | 6527 |
| Depreciation | 843 | 862 | 941 | 1094 | |
| Non-Trading Income | 3 | 6 | 2 | 70 | 0 |
| Total Interest Charges | 88 | 43 | 33 | 57 | 68 |
| Pre-tax Profit | 3302 | 5201 | 5754 | 4259 | 5146 |
| Retained Profit (Shareholders Funds) | 2869 | 3432 | 4179 | 1145 | 2555 |
| Fixed Assets | 5078 | 5224 | 5709 | 7815 | 9378 |
| Intangibles | 609 | 502 | 396 | 293 | 352 |
| Intermediate Assets | 0 | 84 | 112 | 257 | 308 |
| Stocks | 4818 | 6690 | 8286 | 7080 | 7727 |
| Debtors | 7681 | 8005 | 9765 | 8705 | 9501 |
| Cash or Equivalent | 5642 | 7831 | 8071 | 9562 | 7039 |
| Total Current Assets | 18141 | 22526 | 26122 | 25347 | 24267 |
| Creditors | 2147 | 3424 | 3054 | 3192 | 4006 |
| Short Term Borrowing | 1646 | 1077 | 1008 | 618 | 0 |
| Other Current Liabilities | 1542 | 2109 | 2527 | 2301 | 2761 |
| Total Current Liabilities | 5335 | 6610 | 6589 | 6111 | 6767 |
| Net Current Assets | 12806 | 15916 | 19533 | 19236 | 17500 |
| Shareholders Funds | 17276 | 20708 | 24887 | 26032 | 28587 |
| Total Loan Capital | 1035 | 682 | 553 | 993 | 0 |
| Other Capital Employed | -719 | -767 | -1226 | -874 | -1049 |
| Total Capital Employed | 17592 | 20623 | 24214 | 26151 | 27538 |
| Pretax Profit Margin % | 10.16 | 13.89 | 13.08 | 8.99 | 9.96 |
| Sales Growth % | -9 | 15 | 18 | 8 | 9 |
| Pretax Profit Growth % | 64 | 58 | 11 | -26 | 20.83 |
| Debtor Ratio Days | 86 | 78 | 81 | 67 | 66.9134603201419 |
| Creditor Ratio Days | 24 | 33 | 25 | 25 | 28.2166490687165 |
| Stock Turnover | 7 | 6 | 5 | 7 | 6.688418079096 |
| Sales £000 / Employee | 129 | 149 | 179 | 178 | 195.824812030075 |
| Value Added £000/Empl. | 43 | 53 | 59 | 53 | 57.8386737838089 |
| Av. Remun. £000 / Empl. | 27 | 29 | 32 | 33 | 33.109022556391 |
| Total Empl. Remu. £000 | 6686 | 7237 | 7871 | 8807 | 8738.25757506893 |
| Employees | 251 | 251 | 246 | 266 | 263.923755531774 |
| Pretax Profit/Total Assets % | 14 | 18 | 18 | 13 | 15 |
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 7.6% in the latest year, well above the industry average of 1.8%.
- Gross Profit Margin is 35.1% in the latest year, well above the industry average of 31.7%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 86% towards the Total Sales of the company.
- Pretax Profit Margin is 9.0% in the latest year, well above the industry average of 5.0%.
- Shareholders received £1.6m in dividends this year, over 37% of the pretax profits of the company.
- 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 15 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 20 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 Summary
The company currently has £47.4m sales and made £4.3m, by following the proposal plan, sales would rise to £51.7m and profits would rise to £5.1m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £47.4m 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 | 30-Nov-20 | 30-Nov-21 | 30-Nov-22 | 30-Nov-23 | 28-Nov-24 |
| Total Sales (£000) | 32486 | 37442 | 44002 | 47354 | 51683 |
| Pre-tax Profit (£000) | 3302 | 5201 | 5754 | 4259 | 5146 |
| Total Value (£000) | 36611 | 48230 | 54883 | 47670 | 56086 |
| Asset Value (£000) | 18186 | 20505 | 24268 | 24150 | 27266 |
| Goodwill (£000) | 18425 | 27725 | 30615 | 23520 | 28820 |
| Liabilities (£000) | -9 | 1306 | 2155 | 3332 | 1321 |
| Equity Value (£000) | 36602 | 49536 | 57038 | 51002 | 57407 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
D.R. NEWSOME DISCRETIONARY WILL TRUST (55.0%)
MRS MARGOT LYNNE STUART - HARRIS (30.0%)
MR JAMES PHILIP RUSSELL NEWSOME (15.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
CAPITAL REFRACTORIES S.R.O.
SHANGHAI KAIBITUO REFRACTORY MATERIAL TECHNOLOGY CO., LTD.
PT CAPREFINDO
CAPITAL INJECTION CERAMICS LTD
Acquisition / Valuation Comments
This company has been established 52 years.
The number of shareholders is low (3)
1 director is over 70 years of age.
The total value of the company is currently £47.7m 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 15% return on total assets.
The company's value would increase by 18% if the proposed business plan was followed.
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