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Dage precision industries ltd
Registration Number
02691452Incorporation Date
27/02/1992Last Annual Return
Not availableAddress
25 Faraday Road, Rabans Lane Industrial Area, Aylesbury, Buckinghamshire. HP19 8RY
Website
www.nordson.comAudit Fees
£46,000Secretary
CORPORATION SERVICE COMPANY (UK) LIMITED
Directors
Active
Ms Btissam Amellouk (50 yrs)
Active
Susan Elizabeth Cohen (62 yrs)
Active
Srinivas Subramanian (54 yrs)
Active
Mr Richard John George Clarke (70 yrs)
Active
Ms Jennifer McDonough (54 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Oct-20 | 31-Oct-21 | 31-Oct-22 | 31-Oct-23 | 29-Oct-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 54503 | 56183 | 74410 | 78610 | 83402 |
| Directors Fees | 1082 | 845 | 638 | 265 | 286 |
| Gross Profits | 24459 | 22980 | 31218 | 35853 | 38039 |
| Value Added | 24498 | 18334 | 30972 | 34505 | 70506 |
| Trading Profit | 14270 | 6360 | 19865 | 24536 | 60891 |
| Depreciation | 301 | 284 | 286 | 496 | |
| Non-Trading Income | 1779 | 27698 | 17093 | 24004 | 0 |
| Total Interest Charges | 303 | 284 | 438 | 810 | 875 |
| Pre-tax Profit | 15445 | 33490 | 36234 | 47234 | 59480 |
| Retained Profit (Shareholders Funds) | 14225 | 31019 | 32491 | 42328 | 28340 |
| Fixed Assets | 642 | 657 | 699 | 1499 | 1619 |
| Intangibles | 0 | 10197 | 9081 | 7906 | 8538 |
| Intermediate Assets | 31412 | 18586 | 53831 | 54571 | 58937 |
| Stocks | 9008 | 11416 | 11351 | 12537 | 13301 |
| Debtors | 5882 | 6073 | 8626 | 4755 | 5045 |
| Cash or Equivalent | 33831 | 70995 | 72632 | 112669 | 117662 |
| Total Current Assets | 48721 | 88484 | 92609 | 129961 | 136008 |
| Creditors | 911 | 2612 | 1485 | 587 | 716 |
| Short Term Borrowing | 11648 | 15861 | 22426 | 17806 | 0 |
| Other Current Liabilities | 3860 | 3825 | 3779 | 4210 | 4547 |
| Total Current Liabilities | 16419 | 22298 | 27690 | 22603 | 5263 |
| Net Current Assets | 32302 | 66186 | 64919 | 107358 | 130745 |
| Shareholders Funds | 63430 | 94449 | 126940 | 169268 | 197608 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 926 | 1178 | 1589 | 2066 | 2231 |
| Total Capital Employed | 64356 | 95627 | 128529 | 171334 | 199839 |
| Pretax Profit Margin % | 28.34 | 59.61 | 48.7 | 60.09 | 71.32 |
| Sales Growth % | 14 | 3 | 32 | 6 | 6 |
| Pretax Profit Growth % | 43 | 117 | 8 | 30 | 25.93 |
| Debtor Ratio Days | 39 | 39 | 42 | 22 | 22.0178094390027 |
| Creditor Ratio Days | 6 | 17 | 7 | 3 | 3.1257880676759 |
| Stock Turnover | 6 | 5 | 7 | 6 | 6.2702400893356 |
| Sales £000 / Employee | 324 | 296 | 384 | 432 | 475.115384615385 |
| Value Added £000/Empl. | 146 | 96 | 160 | 190 | 401.650718407324 |
| Av. Remun. £000 / Empl. | 61 | 63 | 57 | 55 | 54.7747252747253 |
| Total Empl. Remu. £000 | 10228 | 11974 | 11107 | 9969 | 9615.18703497819 |
| Employees | 168 | 190 | 194 | 182 | 175.540579834089 |
| Pretax Profit/Total Assets % | 19 | 28 | 23 | 24 | 29 |
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 5.6% in the latest year, well above the industry average of -2.4%.
- Gross Profit Margin is 45.6% in the latest year, well above the industry average of 31.0%.
- Sales per Employee is £432,000 which is well above the industry average of £234,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 98% towards the Total Sales of the company.
- The company has consistently improved pretax profits over the last 4 years.Only 6 other companies achieved this.
- Pretax Profit Margin is 60.1% in the latest year, well above the industry average of 6.6%.
- Pretax Profit Margin has markedly improved from 48.7% to 60.1% in the latest year.
- Non Trading Income of £24.0m makes a large contribution to pretax profits of £47.2m.
- The formal debt of the company is high, representing 23% of Total Sales.
- Formal debt of the company has decreased by £4.6m, a fall of 21%.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
Company Summary
The company currently has £78.6m sales and made £47.2m, by following the proposal plan, sales would rise to £83.4m and profits would rise to £59.5m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £78.6m TO SALES
- ATTRACTIVE PRICE
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-Oct-20 | 31-Oct-21 | 31-Oct-22 | 31-Oct-23 | 29-Oct-24 |
| Total Sales (£000) | 54503 | 56183 | 74410 | 78610 | 83402 |
| Pre-tax Profit (£000) | 15445 | 33490 | 36234 | 47234 | 59480 |
| Total Value (£000) | 122199 | 81534 | 184673 | 202793 | 390645 |
| Asset Value (£000) | 46944 | 46929 | 83588 | 81268 | 87440 |
| Goodwill (£000) | 75255 | 34605 | 101085 | 121525 | 303205 |
| Liabilities (£000) | 16486 | 47519 | 43353 | 88000 | 110168 |
| Equity Value (£000) | 138685 | 129053 | 228026 | 290793 | 500813 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
NORDSON ENGLAND LLC (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
DAGER TESTING EQUIPMENT (SUZHOU) CO., LTD.
NDC TECHNOLOGIES LTD
NORDSON ADVANCED TECHNOLOGY (SINGAPORE) PTE. LTD.
TERAVIEW LTD
SUZHOU DAGE TRADE CO.,LTD
Acquisition / Valuation Comments
This company has been established 33 years.
The number of shareholders is low (1)
2 directors are over 60 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 £202.8m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 29% return on total assets.
The company's value would increase by 93% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 213%.
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