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24x7 (lincs) ltd
Registration Number
10064720Incorporation Date
15/03/2016Last Annual Return
Not availableAddress
Little Easton Manor Park Road, Little Easton, Dunmow, Essex. CM6 2JN
Website
www.24x7ltd.co.UKAudit Fees
Not availableSecretary
Not available
Directors
Active
Mr Jason Lee Rawlin (57 yrs)
Active
Mr Andrew Terrence Mahoney (68 yrs)
Active
Mahoney Ashley (44 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Aug-20 | 31-Aug-21 | 31-Aug-22 | 31-Aug-23 | 29-Aug-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 2265 | 2475 | 2809 | 3436 | 4054 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 506 | 629 | 447 | 683 | 806 |
| Value Added | 463 | NA | NA | NA | NA |
| Trading Profit | 273 | 366 | 238 | 411 | 644 |
| Depreciation | 2 | 1 | 1 | 0 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 271 | 365 | 237 | 411 | 644 |
| Retained Profit (Shareholders Funds) | 220 | -5 | -12 | 322 | 247 |
| Fixed Assets | 2 | 1 | 0 | 0 | 0 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 1 | 1 | 1 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 59 | 59 | 4 | 10 | 12 |
| Cash or Equivalent | 694 | 605 | 568 | 1054 | 1388 |
| Total Current Assets | 753 | 664 | 572 | 1064 | 1400 |
| Creditors | 17 | 27 | 265 | 19 | 26 |
| Short Term Borrowing | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 413 | 316 | 0 | 414 | 497 |
| Total Current Liabilities | 430 | 343 | 265 | 433 | 523 |
| Net Current Assets | 323 | 321 | 307 | 631 | 877 |
| Shareholders Funds | 326 | 321 | 309 | 631 | 878 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 326 | 321 | 309 | 631 | 878 |
| Pretax Profit Margin % | 11.96 | 14.75 | 8.44 | 11.96 | 15.88 |
| Sales Growth % | 2 | 9 | 13 | 22 | 18 |
| Pretax Profit Growth % | -41 | 35 | -35 | 73 | 56.69 |
| Debtor Ratio Days | 9 | 9 | 1 | 1 | 1.0593713620489 |
| Creditor Ratio Days | 3 | 4 | 34 | 2 | 2.3147264260768 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 17 | 15 | 17 | 18 | 19.8926315789474 |
| Value Added £000/Empl. | 3 | NA | NA | NA | NA |
| Av. Remun. £000 / Empl. | 1 | NA | NA | NA | NA |
| Total Empl. Remu. £000 | 190 | NA | NA | NA | NA |
| Employees | 137 | 164 | 164 | 190 | 203.818181818182 |
| Pretax Profit/Total Assets % | 36 | 55 | 41 | 39 | 46 |
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 22.3% in the latest year, well above the industry average of 7.3%.
- Gross Profit Margin has markedly improved from 15.9% to 19.9% in the latest year.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved sales growth over the last 4 years. The only company to do so.
- Pretax Profit Margin is 12.0% in the latest year, well above the industry average of 2.1%.
- Pretax Profit Margin has markedly improved from 8.4% to 12.0% in the latest year.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 3 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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 5 Cash Rich companies.
- The company is among the Top 83 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £3.4m sales and made £411,000, by following the proposal plan, sales would rise to £4.1m and profits would rise to £644,000.
Key Attractiveness Features
- ADD £3.4m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
- LOW SALES PER EMPLOYEE
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-Aug-20 | 31-Aug-21 | 31-Aug-22 | 31-Aug-23 | 29-Aug-24 |
| Total Sales (£000) | 2265 | 2475 | 2809 | 3436 | 4054 |
| Pre-tax Profit (£000) | 271 | 365 | 237 | 411 | 644 |
| Total Value (£000) | 1416 | 1885 | 1190 | 2066 | 3233 |
| Asset Value (£000) | 61 | 60 | 5 | 11 | 13 |
| Goodwill (£000) | 1355 | 1825 | 1185 | 2055 | 3220 |
| Liabilities (£000) | 264 | 262 | 303 | 621 | 865 |
| Equity Value (£000) | 1680 | 2147 | 1493 | 2687 | 4098 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
24 X 7 LTD.
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
The number of shareholders is low (1)
1 director is over 60 years of age.
The total value of the company is currently £2.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 46% return on total assets.
The company's value would increase by 56% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 13%.
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