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New balance athletic shoes (u.k.) ltd
Registration Number
01616165Incorporation Date
23/02/1982Last Annual Return
Not availableAddress
Appleton House, 430 Birchwood Boulevard, Warrington, Cheshire. WA3 7WD
Website
www.newbalance.co.ukAudit Fees
£255,000Secretary
Mr Paul Gauron
Directors
Active
Mr James Spiro Davis
Active
Mr Kevin Michael Doyle (56 yrs)
Active
Mr Graham Dicken (55 yrs)
Active
Mr Joseph Eugene Preston (63 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) | 413585 | 679774 | 882175 | 1026090 | 1210786 |
| Directors Fees | 173 | 245 | 246 | 231 | 277 |
| Gross Profits | 73145 | 212200 | 366087 | 469215 | 553674 |
| Value Added | 23890 | 53858 | 193772 | 249892 | 412938 |
| Trading Profit | -594 | 23746 | 155065 | 203703 | 363412 |
| Depreciation | 1511 | 1454 | 2372 | 4040 | |
| Non-Trading Income | 505 | 312 | 4717 | 0 | 0 |
| Total Interest Charges | 4304 | 15971 | 9153 | 7307 | 8768 |
| Pre-tax Profit | -5904 | 6633 | 148257 | 192356 | 349796 |
| Retained Profit (Shareholders Funds) | -5737 | 3742 | 114436 | 83935 | 115414 |
| Fixed Assets | 6830 | 6878 | 9901 | 12053 | 14464 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 89972 | 208261 | 202929 | 205243 | 242187 |
| Debtors | 21333 | 36769 | 31947 | 39004 | 46025 |
| Cash or Equivalent | 34383 | 96063 | 79816 | 72233 | 197032 |
| Total Current Assets | 145688 | 341093 | 314692 | 316480 | 485244 |
| Creditors | 72067 | 133290 | 119336 | 133896 | 181697 |
| Short Term Borrowing | 143326 | 240673 | 114109 | 5865 | 0 |
| Other Current Liabilities | 19551 | 52703 | 54713 | 68268 | 81922 |
| Total Current Liabilities | 234944 | 426666 | 288158 | 208029 | 263619 |
| Net Current Assets | -89256 | -85573 | 26534 | 108451 | 221625 |
| Shareholders Funds | -82466 | -78724 | 35712 | 119647 | 235061 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 41 | 29 | 723 | 857 | 1028 |
| Total Capital Employed | -82425 | -78695 | 36435 | 120504 | 236089 |
| Pretax Profit Margin % | -1.43 | 0.98 | 16.81 | 18.75 | 28.89 |
| Sales Growth % | 55 | 64 | 30 | 16 | 18 |
| Pretax Profit Growth % | 51 | 212 | 2135 | 30 | 82.00 |
| Debtor Ratio Days | 19 | 20 | 13 | 14 | 13.8364626884581 |
| Creditor Ratio Days | 63 | 71 | 49 | 47 | 54.6237324211326 |
| Stock Turnover | 5 | 3 | 4 | 5 | 4.9993909658308 |
| Sales £000 / Employee | 663 | 985 | 1195 | 1300 | 1430.54372623575 |
| Value Added £000/Empl. | 38 | 78 | 263 | 317 | 488.106382978723 |
| Av. Remun. £000 / Empl. | 39 | 44 | 52 | 59 | 58.5411913814956 |
| Total Empl. Remu. £000 | 24484 | 30112 | 38707 | 46189 | 49525.8479087453 |
| Employees | 624 | 690 | 738 | 789 | 846 |
| Pretax Profit/Total Assets % | -4 | 2 | 46 | 59 | 70 |
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 16.3% in the latest year, well above the industry average of -0.4%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 2nd in terms of Pretax Profits in this industry.
- Gross Profit Margin is 45.7% in the latest year, well above the industry average of 32.7%.
- Sales per Employee is £1.3m which is well above the industry average of £306,000.
- The average salary is £59,000 which is well above the industry average of £40,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 71% towards the Total Sales of the company.
- Pretax Profit Margin is 18.7% in the latest year, well above the industry average of 4.3%.
- Shareholders received £60.0m in dividends this year, over 31% of the pretax profits of the company.
- Formal debt of the company has decreased by £108.2m, a fall of 95%.
- The Trading Stability chart shows a well above 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 £1bn sales and made £192m, by following the proposal plan, sales would rise to £1.2bn and profits would rise to £350m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £1bn TO SALES
- ATTRACTIVE RATING
- 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-Dec-21 | 31-Dec-22 | 31-Dec-23 | 31-Dec-24 | 30-Dec-25 |
| Total Sales (£000) | 413585 | 679774 | 882175 | 1026090 | 1210786 |
| Pre-tax Profit (£000) | -5904 | 6633 | 148257 | 192356 | 349796 |
| Total Value (£000) | 108475 | 364593 | 1009472 | 1255770 | 2096881 |
| Asset Value (£000) | 118135 | 251908 | 244777 | 256300 | 302676 |
| Goodwill (£000) | -9660 | 112685 | 764695 | 999470 | 1794205 |
| Liabilities (£000) | -200602 | -330632 | -209065 | -136653 | -67615 |
| Equity Value (£000) | -92127 | 33961 | 800407 | 1119117 | 2029266 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
NEW BALANCE INTERMEDIATE, INC.
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 44 years.
The number of shareholders is low (1).
1 director is over 60 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 £1.3bn 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 70% return on total assets.
The company's value would increase by 67% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 32%.
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