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Furrows ltd
Registration Number
00149772Incorporation Date
04/03/1918Last Annual Return
Not availableAddress
The Shrewsbury Garage, Benbow Business Park, Shrewsbury, Shropshire. SY1 3EQ
Website
www.ford.co.ukAudit Fees
£24,000Secretary
Mr Neil Jonathan Burgess
Directors
Active
Mr Neil Jonathan Burgess (57 yrs)
Active
Mr Wayne Edward Downey (57 yrs)
Active
Mr Anthony Frost (53 yrs)
Active
Mr Nicholas Ian Coward (59 yrs)
Active
Mr David Charles Farthing (59 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 79950 | 88066 | 97267 | 111965 | 115349 |
| Directors Fees | 166 | 213 | 644 | 611 | 611 |
| Gross Profits | 7791 | 10219 | 11694 | 12883 | 13272 |
| Value Added | 9138 | 10473 | 11295 | 12034 | 12017 |
| Trading Profit | 1037 | 2753 | 2733 | 3000 | 3556 |
| Depreciation | 296 | 304 | 175 | 157 | |
| Non-Trading Income | 13 | -50 | -31 | -11 | 0 |
| Total Interest Charges | 410 | 151 | 183 | 312 | 281 |
| Pre-tax Profit | 344 | 2248 | 2344 | 2520 | 3134 |
| Retained Profit (Shareholders Funds) | -81 | 3289 | 1788 | 1945 | 1512 |
| Fixed Assets | 615 | 394 | 304 | 505 | 480 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 46 | 57 | 53 | 54 | 51 |
| Stocks | 14831 | 16092 | 16405 | 18553 | 15928 |
| Debtors | 984 | 893 | 1270 | 1392 | 1219 |
| Cash or Equivalent | 11482 | 10797 | 11479 | 10938 | 13662 |
| Total Current Assets | 27297 | 27782 | 29154 | 30883 | 30809 |
| Creditors | 11000 | 9009 | 10854 | 12120 | 14359 |
| Short Term Borrowing | 6125 | 7171 | 4789 | 3853 | 0 |
| Other Current Liabilities | 2059 | 3216 | 3592 | 3598 | 3598 |
| Total Current Liabilities | 19184 | 19396 | 19235 | 19571 | 17957 |
| Net Current Assets | 8113 | 8386 | 9919 | 11312 | 12852 |
| Shareholders Funds | 2903 | 6192 | 7980 | 9925 | 11437 |
| Total Loan Capital | 1250 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 4621 | 2644 | 2295 | 1946 | 1946 |
| Total Capital Employed | 8774 | 8836 | 10275 | 11871 | 13383 |
| Pretax Profit Margin % | 0.43 | 2.55 | 2.41 | 2.25 | 2.72 |
| Sales Growth % | -23 | 10 | 10 | 15 | 3 |
| Pretax Profit Growth % | 48 | 553 | 4 | 8 | 24.00 |
| Debtor Ratio Days | 4 | 4 | 5 | 5 | 3.8466020631447 |
| Creditor Ratio Days | 50 | 37 | 41 | 39 | 45.3126602063144 |
| Stock Turnover | 5 | 5 | 6 | 6 | 7.2418476796206 |
| Sales £000 / Employee | 252 | 319 | 350 | 398 | 438.297153024911 |
| Value Added £000/Empl. | 29 | 38 | 41 | 43 | 45.6616520979401 |
| Av. Remun. £000 / Empl. | 26 | 28 | 31 | 32 | 32.1494661921708 |
| Total Empl. Remu. £000 | 8101 | 7720 | 8562 | 9034 | 8460.93203992383 |
| Employees | 317 | 276 | 278 | 281 | 263.174884128691 |
| Pretax Profit/Total Assets % | 1 | 8 | 8 | 8 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Gross Profit Margin is 11.5% in the latest year, well above the industry average of 7.3%.
- 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 3 other companies achieved this.
- Pretax Profit Margin is 2.3% in the latest year, well above the industry average of 1.5%.
- The company is among the Top 6 companies listed as a Best Trading Partner (see section 1c).
- 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 8 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 14 Cash Rich companies.
- The company is among the Top 37 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £112m sales and made £2.5m, by following the proposal plan, sales would be level but profits would rise to £3.1m.
Key Attractiveness Features
- ADD £112m TO SALES
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-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 79950 | 88066 | 97267 | 111965 | 115349 |
| Pre-tax Profit (£000) | 344 | 2248 | 2344 | 2520 | 3134 |
| Total Value (£000) | 21011 | 30746 | 34042 | 37774 | 37808 |
| Asset Value (£000) | 16476 | 17436 | 18032 | 20504 | 17678 |
| Goodwill (£000) | 4535 | 13310 | 16010 | 17270 | 20130 |
| Liabilities (£000) | -13573 | -11243 | -10051 | -10579 | -6241 |
| Equity Value (£000) | 7438 | 19503 | 23991 | 27195 | 31567 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
FURROWS HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
RETAIL AUTOMOTIVE ALLIANCE LTD
Acquisition / Valuation Comments
This company has been established 107 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 £37.8m 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 proposed plan would improve the overall financial strength of the company by 32%.
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