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Churngold construction ltd
Registration Number
01908306Incorporation Date
25/04/1985Last Annual Return
Not availableAddress
Unit 4A, Severn View Industrial Estate, Bristol, Avon. BS10 7SD
Website
www.churngold.comAudit Fees
£22,000Secretary
Not available
Directors
Active
Mr Martin Glyn Best (59 yrs)
Active
Mr Stephen Robert James Dyke (46 yrs)
Active
Mr Robert Neil Vaughan Mead (42 yrs)
Active
Mr Robert John Roughley (43 yrs)
Active
Mr Andrew Robert Brown (60 yrs)
Active
Mr Richard David Martin (42 yrs)
Active
Mr James Peter Rivers (39 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 23480 | 22779 | 32981 | 61388 | 71963 |
| Directors Fees | 1132 | 685 | 769 | 1137 | 1137 |
| Gross Profits | 3641 | 3607 | 4668 | 6328 | 7418 |
| Value Added | 8341 | 7988 | 9598 | 12705 | 13980 |
| Trading Profit | 959 | 1085 | 2108 | 2990 | 3627 |
| Depreciation | 283 | 293 | 409 | 627 | |
| Non-Trading Income | 39 | 34 | 13 | 144 | 0 |
| Total Interest Charges | 12 | 14 | 36 | 100 | 90 |
| Pre-tax Profit | 703 | 812 | 1676 | 2407 | 2973 |
| Retained Profit (Shareholders Funds) | 47 | 679 | -970 | 792 | 1444 |
| Fixed Assets | 1198 | 1131 | 2068 | 2877 | 2733 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2821 | 3552 | 4838 | 7983 | 7954 |
| Cash or Equivalent | 7654 | 7735 | 7779 | 17074 | 19046 |
| Total Current Assets | 10475 | 11287 | 12617 | 25057 | 27000 |
| Creditors | 2587 | 3212 | 5338 | 6140 | 8277 |
| Short Term Borrowing | 388 | 284 | 429 | 785 | 0 |
| Other Current Liabilities | 5181 | 5125 | 5515 | 16059 | 16059 |
| Total Current Liabilities | 8156 | 8621 | 11282 | 22984 | 24336 |
| Net Current Assets | 2319 | 2666 | 1335 | 2073 | 2664 |
| Shareholders Funds | 2881 | 3560 | 2590 | 3382 | 4826 |
| Total Loan Capital | 341 | 237 | 657 | 997 | 0 |
| Other Capital Employed | 295 | 0 | 156 | 571 | 571 |
| Total Capital Employed | 3517 | 3797 | 3403 | 4950 | 5397 |
| Pretax Profit Margin % | 2.99 | 3.56 | 5.08 | 3.92 | 4.13 |
| Sales Growth % | 2 | -3 | 45 | 86 | 17 |
| Pretax Profit Growth % | 284 | 16 | 106 | 44 | 24.00 |
| Debtor Ratio Days | 44 | 57 | 53 | 47 | 40.2349025868248 |
| Creditor Ratio Days | 40 | 51 | 59 | 36 | 41.8681827067179 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 177 | 175 | 241 | 404 | 444.255263157895 |
| Value Added £000/Empl. | 63 | 61 | 70 | 84 | 86.304070281258 |
| Av. Remun. £000 / Empl. | 56 | 53 | 55 | 64 | 63.9144736842105 |
| Total Empl. Remu. £000 | 7382 | 6903 | 7490 | 9715 | 10353.2120697592 |
| Employees | 133 | 130 | 137 | 152 | 161.985407576263 |
| Pretax Profit/Total Assets % | 6 | 7 | 11 | 9 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 86.1% in the latest year, well above the industry average of 1.7%.
- Sales per Employee is £404,000 which is well above the industry average of £296,000.
- The average salary is £64,000 which is well above the industry average of £54,000.
- 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 10 other companies achieved this.
- The £1.1m directors fees figure disclosed significantly affects the profitability of the company.
- Shareholders received £1.2m in dividends this year, over 50% of the pretax profits of the company.
- Formal debt of the company has increased by £696,000, a rise of 64%.
- The company is among the Top 10 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 49 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).
- The company is among the Top 231 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £61.4m sales and made £2.4m, by following the proposal plan, sales would rise to £72.0m and profits would rise to £3.0m.
Key Attractiveness Features
- ADD £61.4m 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 | 31-May-21 | 31-May-22 | 31-May-23 | 31-May-24 | 30-May-25 |
| Total Sales (£000) | 23480 | 22779 | 32981 | 61388 | 71963 |
| Pre-tax Profit (£000) | 703 | 812 | 1676 | 2407 | 2973 |
| Total Value (£000) | 13059 | 12068 | 19246 | 28360 | 31687 |
| Asset Value (£000) | 4019 | 4683 | 6906 | 10860 | 10687 |
| Goodwill (£000) | 9040 | 7385 | 12340 | 17500 | 21000 |
| Liabilities (£000) | -1138 | -1123 | -4316 | -7478 | -5861 |
| Equity Value (£000) | 11921 | 10945 | 14930 | 20882 | 25826 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
CHURNGOLD CONSTRUCTION HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 40 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £28.4m including debts.
The equity value is high, indicating low levels of total liabilities.
The company value is small in comparison to its sales.
The proposed year is based on achieving a 10% return on total assets.
The company's value would increase by 12% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 16%.
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