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Mowi scotland ltd
Registration Number
SC138843Incorporation Date
15/06/1992Last Annual Return
Not availableAddress
1st Floor Admiralty Park, Admiralty Road, Dunfermline, Fife. KY11 2YW
Website
www.mowiscotland.co.ukAudit Fees
£115,000Secretary
Ms Patricia Duzinkewycz
Directors
Active
Mr Benjamin Hadfield (49 yrs)
Active
Mr Scott Nolan (56 yrs)
Active
Mr Piotr Kapinos (48 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 427280 | 443257 | 469113 | 658290 | 711383 |
| Directors Fees | 895 | 1149 | 999 | 922 | 922 |
| Gross Profits | 93064 | 65072 | 79717 | 116774 | 126192 |
| Value Added | 119414 | 93609 | 118146 | 128805 | 144278 |
| Trading Profit | 83257 | 56955 | 79430 | 86530 | 102769 |
| Depreciation | 29302 | 29961 | 30833 | 33209 | |
| Non-Trading Income | 523 | 2112 | 4318 | 976 | 0 |
| Total Interest Charges | 1397 | 3017 | 9193 | 6095 | 5486 |
| Pre-tax Profit | 53081 | 26089 | 43722 | 48202 | 67395 |
| Retained Profit (Shareholders Funds) | 39737 | 37361 | 28512 | 36656 | 28921 |
| Fixed Assets | 261370 | 265734 | 258923 | 262939 | 249792 |
| Intangibles | 679 | 379 | 80 | 0 | 0 |
| Intermediate Assets | 31830 | 47619 | 80016 | 79648 | 75666 |
| Stocks | 179180 | 225470 | 261917 | 244894 | 220538 |
| Debtors | 15349 | 9269 | 10017 | 17613 | 16179 |
| Cash or Equivalent | 91027 | 131342 | 95413 | 110719 | 111779 |
| Total Current Assets | 285556 | 366081 | 367347 | 373226 | 348496 |
| Creditors | 35469 | 33136 | 48506 | 41202 | 51204 |
| Short Term Borrowing | 90059 | 149168 | 126040 | 80782 | 0 |
| Other Current Liabilities | 13285 | 15399 | 18051 | 39570 | 39570 |
| Total Current Liabilities | 138813 | 197703 | 192597 | 161554 | 90774 |
| Net Current Assets | 146743 | 168378 | 174750 | 211672 | 257722 |
| Shareholders Funds | 413890 | 451251 | 479763 | 516419 | 545340 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 26732 | 30859 | 34006 | 37840 | 37840 |
| Total Capital Employed | 440622 | 482110 | 513769 | 554259 | 583180 |
| Pretax Profit Margin % | 12.42 | 5.89 | 9.32 | 7.32 | 9.47 |
| Sales Growth % | 20 | 4 | 6 | 40 | 8 |
| Pretax Profit Growth % | 113 | -51 | 68 | 10 | 40.00 |
| Debtor Ratio Days | 13 | 8 | 8 | 10 | 8.2782089960352 |
| Creditor Ratio Days | 30 | 27 | 38 | 23 | 26.1999380212368 |
| Stock Turnover | 2 | 2 | 2 | 3 | 3.2256731483826 |
| Sales £000 / Employee | 553 | 566 | 594 | 852 | 936.764553686935 |
| Value Added £000/Empl. | 155 | 120 | 150 | 167 | 190.089591567852 |
| Av. Remun. £000 / Empl. | 47 | 47 | 49 | 55 | 54.6895213454075 |
| Total Empl. Remu. £000 | 36157 | 36654 | 38716 | 42275 | 41509.3467011643 |
| Employees | 772 | 783 | 790 | 773 | 759 |
| Pretax Profit/Total Assets % | 9 | 4 | 6 | 7 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Total Sales have increased by 40.3% in the latest year, well above the industry average of 5.9%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Sales per Employee is £852,000 which is well above the industry average of £315,000.
- The average salary is £55,000 which is well above the industry average of £42,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 51% towards the Total Sales of the company.
- Pretax Profit Margin is 7.3% in the latest year, well above the industry average of 3.8%.
- Formal debt of the company has decreased by £45.3m, a fall of 36%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The company is among the Top 6 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 13 in terms of Trading Profits.
Company Summary
The company currently has £658m sales and made £48.2m, by following the proposal plan, sales would rise to £711m and profits would rise to £67.4m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £658m TO SALES
- 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 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 427280 | 443257 | 469113 | 658290 | 711383 |
| Pre-tax Profit (£000) | 53081 | 26089 | 43722 | 48202 | 67395 |
| Total Value (£000) | 762658 | 689186 | 858933 | 876309 | 931190 |
| Asset Value (£000) | 488408 | 548471 | 610953 | 605094 | 562175 |
| Goodwill (£000) | 274250 | 140715 | 247980 | 271215 | 369015 |
| Liabilities (£000) | -74518 | -97220 | -131190 | -88675 | -16835 |
| Equity Value (£000) | 688140 | 591966 | 727743 | 787634 | 914355 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MOWI HOLDING AS
Immediate Shareholder: See Shareholders
Subsidiaries
ANGLESEY AQUACULTURE LTD
FERGUSON SALMON LTD
FINFISH LTD
MOWI CONSUMER PRODUCTS UK LTD
MOWI FEED SCOTLAND LTD
MOWI SCOTLAND PENSION TRUST LTD
OCEAN MATTERS LTD
SANDA ISLAND LTD
SCALPAY MULTI-TROPHIC AQUACULTURE LTD
WESTER ROSS FISHERIES LTD.
Acquisition / Valuation Comments
This company has been established 34 years.
The number of shareholders is low (1).
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £876.3m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 10% return on total assets.
The proposed plan would improve the overall financial strength of the company by 114%.
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