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Delenco foods ltd
Registration Number
02861044Incorporation Date
11/10/1993Last Annual Return
Not availableAddress
6 Heybridge Way, Lea Bridge Road, London, London. E10 7NQ
Website
www.delenco.co.ukAudit Fees
£14,000Secretary
Mr Richard George Alfred Barber
Directors
Active
Mr Richard George Alfred Barber (57 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 7469 | 12931 | 16114 | 20987 | 24765 |
| Directors Fees | 107 | 101 | 100 | 100 | 120 |
| Gross Profits | 2387 | 4503 | 5185 | 6426 | 7583 |
| Value Added | 3364 | 5721 | 6837 | 8257 | 10978 |
| Trading Profit | 1477 | 3152 | 3617 | 4580 | 7034 |
| Depreciation | 183 | 199 | 215 | 214 | |
| Non-Trading Income | 4 | 0 | 4 | 37 | 0 |
| Total Interest Charges | 0 | 0 | 13 | 9 | 11 |
| Pre-tax Profit | 1298 | 2953 | 3393 | 4394 | 6766 |
| Retained Profit (Shareholders Funds) | -740 | 1346 | 1659 | 3137 | 2636 |
| Fixed Assets | 908 | 903 | 1072 | 1053 | 1264 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 137 | 209 | 511 | 373 | 440 |
| Debtors | 795 | 1329 | 1703 | 2163 | 2552 |
| Cash or Equivalent | 2921 | 4374 | 5376 | 8793 | 11479 |
| Total Current Assets | 3853 | 5912 | 7590 | 11329 | 14471 |
| Creditors | 454 | 828 | 1056 | 971 | 1318 |
| Short Term Borrowing | 1 | 5 | 1 | 0 | 0 |
| Other Current Liabilities | 304 | 625 | 522 | 1195 | 1434 |
| Total Current Liabilities | 759 | 1458 | 1579 | 2166 | 2752 |
| Net Current Assets | 3094 | 4454 | 6011 | 9163 | 11719 |
| Shareholders Funds | 3415 | 4761 | 6420 | 9557 | 12193 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 587 | 595 | 664 | 658 | 790 |
| Total Capital Employed | 4002 | 5356 | 7084 | 10215 | 12983 |
| Pretax Profit Margin % | 17.38 | 22.84 | 21.06 | 20.94 | 27.32 |
| Sales Growth % | -38 | 73 | 25 | 30 | 18 |
| Pretax Profit Growth % | -43 | 128 | 15 | 30 | 53.98 |
| Debtor Ratio Days | 39 | 37 | 38 | 38 | 37.5152237099157 |
| Creditor Ratio Days | 22 | 23 | 24 | 17 | 19.3672559203316 |
| Stock Turnover | 55 | 62 | 32 | 56 | 56.2654155495979 |
| Sales £000 / Employee | 110 | 168 | 183 | 228 | 250.93152173913 |
| Value Added £000/Empl. | 49 | 74 | 78 | 90 | 111.23618275608 |
| Av. Remun. £000 / Empl. | 28 | 33 | 37 | 40 | 39.9673913043478 |
| Total Empl. Remu. £000 | 1887 | 2569 | 3220 | 3677 | 3944.41818181818 |
| Employees | 68 | 77 | 88 | 92 | 98.6909090909092 |
| Pretax Profit/Total Assets % | 27 | 43 | 39 | 35 | 43 |
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 30.2% in the latest year, well above the industry average of 6.5%.
- Gross Profit Margin is 30.6% in the latest year, well above the industry average of 26.4%.
- 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 5 other companies achieved this.
- Pretax Profit Margin is 20.9% in the latest year, well above the industry average of 5.5%.
- 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 3 in terms of Value Added.
- The company is among the Top 7 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).
- The company is among the Top 9 in terms of Pretax Profit Return on Owners Funds.
Company Summary
The company currently has £21.0m sales and made £4.4m, by following the proposal plan, sales would rise to £24.8m and profits would rise to £6.8m.
Key Attractiveness Features
- ADD £21.0m TO SALES
- ATTRACTIVE PRICE
- 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-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 7469 | 12931 | 16114 | 20987 | 24765 |
| Pre-tax Profit (£000) | 1298 | 2953 | 3393 | 4394 | 6766 |
| Total Value (£000) | 8845 | 17711 | 20796 | 25919 | 38741 |
| Asset Value (£000) | 1840 | 2441 | 3286 | 3589 | 4256 |
| Goodwill (£000) | 7005 | 15270 | 17510 | 22330 | 34485 |
| Liabilities (£000) | 1575 | 2321 | 3133 | 5969 | 7937 |
| Equity Value (£000) | 10420 | 20032 | 23929 | 31888 | 46678 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
DELENCO HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 32 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 £25.9m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 43% return on total assets.
The company's value would increase by 49% if the proposed business plan was followed.
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