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Ingram micro services ltd
Registration Number
03591124Incorporation Date
01/07/1998Last Annual Return
Not availableAddress
Communications House, Vulcan House, Norwich, Norfolk. NR6 6AQ
Website
http://www.ingrammicrolifecycle.com/Audit Fees
£43,000Secretary
Mr Richard Hammond
Directors
Active
Mr Kevin Coleman (52 yrs)
Active
Ms Karel Everaet (59 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) | 110379 | 119802 | 137829 | 181939 | 214688 |
| Directors Fees | 422 | 447 | 433 | 468 | 562 |
| Gross Profits | 10454 | 11624 | 14173 | 16533 | 19509 |
| Value Added | 15948 | 17559 | 23019 | 25050 | 31472 |
| Trading Profit | 4783 | 6170 | 8768 | 10240 | 15585 |
| Depreciation | 610 | 707 | 672 | 648 | |
| Non-Trading Income | 312 | 215 | 2833 | 983 | 0 |
| Total Interest Charges | 262 | 106 | 40 | 193 | 232 |
| Pre-tax Profit | 4223 | 5572 | 10889 | 10382 | 14575 |
| Retained Profit (Shareholders Funds) | 3450 | -6332 | 9321 | -2850 | 6229 |
| Fixed Assets | 1689 | 2004 | 2962 | 3119 | 3743 |
| Intangibles | 484 | 303 | 202 | 422 | 506 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 9222 | 7737 | 12883 | 10509 | 12401 |
| Debtors | 13978 | 14485 | 16808 | 17368 | 20494 |
| Cash or Equivalent | 23163 | 16534 | 30443 | 43977 | 48592 |
| Total Current Assets | 46363 | 38756 | 60134 | 71854 | 81487 |
| Creditors | 12439 | 9331 | 6423 | 8131 | 11034 |
| Short Term Borrowing | 3937 | 2000 | 3463 | 6726 | 0 |
| Other Current Liabilities | 11435 | 15339 | 29698 | 39593 | 47512 |
| Total Current Liabilities | 27811 | 26670 | 39584 | 54450 | 58546 |
| Net Current Assets | 18552 | 12086 | 20550 | 17404 | 22941 |
| Shareholders Funds | 20725 | 14393 | 23714 | 20864 | 27093 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 81 | 97 |
| Total Capital Employed | 20725 | 14393 | 23714 | 20945 | 27190 |
| Pretax Profit Margin % | 3.83 | 4.65 | 7.9 | 5.71 | 6.79 |
| Sales Growth % | 20 | 9 | 15 | 32 | 18 |
| Pretax Profit Growth % | -18 | 32 | 95 | -5 | 40.39 |
| Debtor Ratio Days | 46 | 44 | 44 | 35 | 34.7476461891073 |
| Creditor Ratio Days | 41 | 28 | 17 | 16 | 18.7075701196555 |
| Stock Turnover | 12 | 15 | 11 | 17 | 17.3126843657817 |
| Sales £000 / Employee | 273 | 309 | 278 | 392 | 431.320905172413 |
| Value Added £000/Empl. | 39 | 45 | 46 | 54 | 63.2291057860899 |
| Av. Remun. £000 / Empl. | 28 | 29 | 29 | 32 | 31.9181034482759 |
| Total Empl. Remu. £000 | 11165 | 11389 | 14251 | 14810 | 15887.0909090909 |
| Employees | 405 | 388 | 496 | 464 | 497.745454545455 |
| Pretax Profit/Total Assets % | 9 | 14 | 17 | 14 | 17 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 32.0% in the latest year, well above the industry average of -6.1%.
- Sales per Employee is £392,000 which is well above the industry average of £226,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Shareholders received £11.0m in dividends this year, over 106% of the pretax profits of the company.
- Formal debt of the company has increased by £3.3m, a rise of 94%.
- 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 15 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 9 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £182m sales and made £10.4m, by following the proposal plan, sales would rise to £215m and profits would rise to £14.6m.
Key Attractiveness Features
- ADD £182m 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) | 110379 | 119802 | 137829 | 181939 | 214688 |
| Pre-tax Profit (£000) | 4223 | 5572 | 10889 | 10382 | 14575 |
| Total Value (£000) | 48348 | 54079 | 75500 | 81718 | 113989 |
| Asset Value (£000) | 25373 | 24529 | 32855 | 31418 | 37144 |
| Goodwill (£000) | 22975 | 29550 | 42645 | 50300 | 76845 |
| Liabilities (£000) | -4648 | -10136 | -9141 | -10554 | -10051 |
| Equity Value (£000) | 43700 | 43943 | 66359 | 71164 | 103938 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
INGRAM MICRO SERVICES HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 27 years.
The number of shareholders is low (1)
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 £81.7m 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 17% return on total assets.
The company's value would increase by 39% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 15%.
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