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John good & sons ltd
Registration Number
00096398Incorporation Date
09/01/1908Last Annual Return
Not availableAddress
Quarry House, Hesslewood Office Park, Hessle, North Humberside. HU13 0LH
Website
www.johngood.co.ukAudit Fees
£59,000Secretary
Mr Ben Norman
Directors
Active
Mr Timothy David Ambrose Good (45 yrs)
Active
Mr Stewart Oades (73 yrs)
Active
Ms Michelle Louise Taft (43 yrs)
Active
Mr Ben Norman (37 yrs)
Active
Mr Rupen Shah (51 yrs)
Active
Mr Adam Spencer Walsh (42 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) | 11156 | 25168 | 32739 | 54309 | 61465 |
| Directors Fees | 1446 | 751 | 701 | 910 | 910 |
| Gross Profits | 3827 | 6087 | 7027 | 11547 | 13069 |
| Value Added | 17304 | 5645 | 6408 | 8659 | 12977 |
| Trading Profit | 5116 | 520 | 523 | 1108 | 5230 |
| Depreciation | 450 | 202 | 252 | 351 | |
| Non-Trading Income | 15922 | 167 | 575 | 412 | 0 |
| Total Interest Charges | 26 | 0 | 3 | 13 | 12 |
| Pre-tax Profit | 20562 | 485 | 843 | 1156 | 4902 |
| Retained Profit (Shareholders Funds) | 24282 | -4114 | 216 | -2225 | 694 |
| Fixed Assets | 7973 | 6963 | 9846 | 9598 | 9118 |
| Intangibles | -437 | -435 | 528 | 6180 | 5871 |
| Intermediate Assets | 970 | 2270 | 2370 | 2773 | 2634 |
| Stocks | 45 | 69 | 25 | 251 | 237 |
| Debtors | 2014 | 3009 | 3377 | 4783 | 4601 |
| Cash or Equivalent | 28209 | 20849 | 17458 | 22979 | 26561 |
| Total Current Assets | 30268 | 23927 | 20860 | 28013 | 31399 |
| Creditors | 2314 | 2684 | 3409 | 7277 | 9471 |
| Short Term Borrowing | 1 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 4611 | 2209 | 1884 | 12725 | 12725 |
| Total Current Liabilities | 6926 | 4893 | 5293 | 20002 | 22196 |
| Net Current Assets | 23342 | 19034 | 15567 | 8011 | 9203 |
| Shareholders Funds | 31581 | 27467 | 27683 | 25458 | 26152 |
| Total Loan Capital | 0 | 0 | 0 | 370 | 0 |
| Other Capital Employed | 211 | 334 | 581 | 674 | 674 |
| Total Capital Employed | 31792 | 27801 | 28264 | 26502 | 26826 |
| Pretax Profit Margin % | 184.31 | 1.93 | 2.57 | 2.13 | 7.98 |
| Sales Growth % | -87 | 126 | 30 | 66 | 13 |
| Pretax Profit Growth % | 2291 | -98 | 74 | 37 | 324.00 |
| Debtor Ratio Days | 66 | 44 | 38 | 32 | 27.2488942900808 |
| Creditor Ratio Days | 76 | 39 | 38 | 49 | 56.0892706549559 |
| Stock Turnover | 248 | 365 | 1310 | 216 | 259.644621513944 |
| Sales £000 / Employee | 35 | 257 | 275 | 353 | 387.921428571429 |
| Value Added £000/Empl. | 54 | 58 | 54 | 56 | 82.1329113924051 |
| Av. Remun. £000 / Empl. | 38 | 52 | 49 | 49 | 49.0324675324675 |
| Total Empl. Remu. £000 | 12188 | 5125 | 5885 | 7551 | 7747.12987012986 |
| Employees | 323 | 98 | 119 | 154 | 158 |
| Pretax Profit/Total Assets % | 53 | 1 | 3 | 2 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 65.9% in the latest year, well above the industry average of 4.9%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Non Trading Income of £412,000 makes a large contribution to pretax profits of £1.2m.
- The company is among the Top 5 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 26 Leaders in Efficiency.
Company Summary
The company currently has £54.3m sales and made £1.2m, by following the proposal plan, sales would rise to £61.5m and profits would rise to £4.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £54.3m TO SALES
- ATTRACTIVE PRICE
- HIGH DIRS FEES
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) | 11156 | 25168 | 32739 | 54309 | 61465 |
| Pre-tax Profit (£000) | 20562 | 485 | 843 | 1156 | 4902 |
| Total Value (£000) | 41125 | 17221 | 21006 | 31920 | 51581 |
| Asset Value (£000) | 10565 | 11876 | 16146 | 23585 | 22461 |
| Goodwill (£000) | 30560 | 5345 | 4860 | 8335 | 29120 |
| Liabilities (£000) | 21072 | 15622 | 11584 | 1933 | 3691 |
| Equity Value (£000) | 62197 | 32843 | 32590 | 33853 | 55272 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR TIMOTHY DAVID AMBROSE GOOD (46.5%)
TRUSTEES OF THE JOHN GOOD 2020 DISCRETIONARY SETTLEMENT (29.2%)
MATTHEW GOOD FOUNDATION (12.5%)
MR C.A.L. ARNOTT (6.9%)
Immediate Shareholder: See Shareholders
Subsidiaries
CONNAUGHT AIR SERVICES LTD
DAN SHIPPING AND CHARTERING LTD
GOOD POWER MANAGEMENT LTD
NOTHING BUT LTD
TRANS-EUROPEAN PORT SERVICES (G.B.) LTD
THE GOOD TRAVEL COLLECTIVE LTD
NEXGEN TREE SHELTERS LTD
Acquisition / Valuation Comments
This company has been established 118 years.
1 director is over 70 years of age.
1 director is under 40 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £31.9m 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 10% return on total assets.
The company's value would increase by 62% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 19%.
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