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Protective wear supplies ltd
Registration Number
08393062Incorporation Date
07/02/2013Last Annual Return
Not availableAddress
10 Darklake View, Estover, Plymouth, Devon. PL6 7TL
Website
www.protectivewearuk.comAudit Fees
£13,000Secretary
Not available
Directors
Active
Mr Clayton Burtenshaw (28 yrs)
Active
Mr Ryan Burtenshaw (30 yrs)
Active
Mr Neil Julian Burtenshaw (54 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) | NA | 13091 | 14233 | 15972 | 18314 |
| Directors Fees | NA | 55 | 64 | 71 | 85 |
| Gross Profits | NA | 4725 | 5363 | 6091 | 6984 |
| Value Added | NA | 3583 | 4261 | 4744 | 5930 |
| Trading Profit | NA | 2168 | 2344 | 2446 | 3535 |
| Depreciation | 71 | 71 | 60 | 50 | |
| Non-Trading Income | NA | 3 | 17 | 31 | 0 |
| Total Interest Charges | NA | 1 | 12 | 34 | 41 |
| Pre-tax Profit | NA | 2099 | 2289 | 2393 | 3434 |
| Retained Profit (Shareholders Funds) | 3435 | 945 | -480 | 886 | 1436 |
| Fixed Assets | 912 | 885 | 887 | 880 | 1056 |
| Intangibles | 354 | 111 | 41 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1654 | 2621 | 3631 | 3325 | 3813 |
| Debtors | 2633 | 1728 | 1665 | 1721 | 1973 |
| Cash or Equivalent | 2913 | 2782 | 3198 | 3005 | 3888 |
| Total Current Assets | 7200 | 7131 | 8494 | 8051 | 9674 |
| Creditors | 2690 | 996 | 1555 | 795 | 1048 |
| Short Term Borrowing | 0 | 53 | 909 | 172 | 0 |
| Other Current Liabilities | 0 | 882 | 1230 | 1353 | 1624 |
| Total Current Liabilities | 2690 | 1931 | 3694 | 2320 | 2672 |
| Net Current Assets | 4510 | 5200 | 4800 | 5731 | 7002 |
| Shareholders Funds | 5206 | 6151 | 5671 | 6557 | 7993 |
| Total Loan Capital | 0 | 1 | 0 | 0 | 0 |
| Other Capital Employed | 571 | 45 | 56 | 54 | 65 |
| Total Capital Employed | 5777 | 6197 | 5727 | 6611 | 8058 |
| Pretax Profit Margin % | NA | 16.03 | 16.08 | 14.98 | 18.75 |
| Sales Growth % | NA | NA | 9 | 12 | 15 |
| Pretax Profit Growth % | NA | NA | 9 | 5 | 43.50 |
| Debtor Ratio Days | NA | 48 | 43 | 39 | 39.221387427999 |
| Creditor Ratio Days | NA | 28 | 40 | 18 | 20.8356498873027 |
| Stock Turnover | NA | 5 | 4 | 5 | 4.8036090225564 |
| Sales £000 / Employee | NA | 298 | 254 | 246 | 270.295384615385 |
| Value Added £000/Empl. | NA | 81 | 76 | 73 | 87.5216787158968 |
| Av. Remun. £000 / Empl. | NA | 32 | 34 | 35 | 35.3538461538462 |
| Total Empl. Remu. £000 | NA | 1415 | 1917 | 2298 | 2395.38718598903 |
| Employees | 39 | 44 | 56 | 65 | 67.7546419013432 |
| Pretax Profit/Total Assets % | NA | 26 | 24 | 27 | 32 |
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 12.2% in the latest year, well above the industry average of 5.9%.
- Gross Profit Margin is 38.1% in the latest year, well above the industry average of 29.6%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 15.0% in the latest year, well above the industry average of 4.6%.
- Shareholders received £916,000 in dividends this year, over 38% of the pretax profits of the company.
- Formal debt of the company has decreased by £737,000, a fall of 81%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 2 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 2 in terms of Value Added.
- The company is among the Top 3 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 £16.0m sales and made £2.4m, by following the proposal plan, sales would rise to £18.3m and profits would rise to £3.4m.
Key Attractiveness Features
- ADD £16.0m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
- 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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | NA | 13091 | 14233 | 15972 | 18314 |
| Pre-tax Profit (£000) | NA | 2099 | 2289 | 2393 | 3434 |
| Total Value (£000) | 16105 | 17964 | 18261 | 24642 | |
| Asset Value (£000) | 5345 | 6224 | 5926 | 6842 | |
| Goodwill (£000) | 10760 | 11740 | 12335 | 17800 | |
| Liabilities (£000) | 805 | -552 | 631 | 1151 | |
| Equity Value (£000) | 16910 | 17412 | 18892 | 25793 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
PWS HOLDINGS LTD
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 12 years.
The number of shareholders is low (1)
2 directors are 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 £18.3m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 32% return on total assets.
The company's value would increase by 35% if the proposed business plan was followed.
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