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Britannic group (holdings) ltd
Registration Number
01903982Incorporation Date
11/04/1985Last Annual Return
Not availableAddress
Britannic House, Merrow Business Park, Guildford, Surrey. GU4 7WA
Website
www.btlnet.co.ukAudit Fees
£35,000Secretary
Not available
Directors
Active
Mr Richard Laurence Dendle (73 yrs)
Active
Mr Matthew Charles Raymond (63 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 11594 | 11133 | 11797 | 13013 | 13281 |
| Directors Fees | 867 | 640 | 763 | 937 | 937 |
| Gross Profits | 7111 | 6856 | 7026 | 7484 | 7638 |
| Value Added | 6009 | 5677 | 5762 | 6302 | 6655 |
| Trading Profit | 432 | 77 | 157 | 439 | 1215 |
| Depreciation | 220 | 174 | 152 | 66 | |
| Non-Trading Income | 58 | 34 | 46 | 190 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 270 | -63 | 51 | 563 | 1156 |
| Retained Profit (Shareholders Funds) | 64 | -220 | -79 | 307 | 338 |
| Fixed Assets | 385 | 229 | 128 | 113 | 107 |
| Intangibles | 807 | 620 | 302 | 171 | 162 |
| Intermediate Assets | 845 | 845 | 965 | 965 | 917 |
| Stocks | 68 | 50 | 110 | 74 | 63 |
| Debtors | 1248 | 1262 | 1134 | 2133 | 1850 |
| Cash or Equivalent | 7674 | 7441 | 7677 | 7652 | 8462 |
| Total Current Assets | 8990 | 8753 | 8921 | 9859 | 10375 |
| Creditors | 395 | 405 | 427 | 670 | 786 |
| Short Term Borrowing | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 2441 | 2048 | 2069 | 2341 | 2341 |
| Total Current Liabilities | 2836 | 2453 | 2496 | 3011 | 3127 |
| Net Current Assets | 6154 | 6300 | 6425 | 6848 | 7248 |
| Shareholders Funds | 7992 | 7772 | 7693 | 8000 | 8338 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 200 | 222 | 127 | 96 | 96 |
| Total Capital Employed | 8192 | 7994 | 7820 | 8096 | 8434 |
| Pretax Profit Margin % | 2.33 | -0.57 | 0.43 | 4.33 | 8.7 |
| Sales Growth % | -18 | -4 | 6 | 10 | 2 |
| Pretax Profit Growth % | -68 | -123 | 181 | 1004 | 105.00 |
| Debtor Ratio Days | 39 | 41 | 35 | 60 | 50.7146853146854 |
| Creditor Ratio Days | 12 | 13 | 13 | 19 | 21.5524475524475 |
| Stock Turnover | 171 | 223 | 107 | 176 | 211.021621621621 |
| Sales £000 / Employee | 133 | 133 | 140 | 161 | 176.719753086419 |
| Value Added £000/Empl. | 69 | 68 | 69 | 78 | 88.5510274120788 |
| Av. Remun. £000 / Empl. | 64 | 67 | 67 | 72 | 72.3827160493827 |
| Total Empl. Remu. £000 | 5577 | 5600 | 5605 | 5863 | 5439.8801390184 |
| Employees | 87 | 84 | 84 | 81 | 75.1544075150078 |
| Pretax Profit/Total Assets % | 2 | -1 | 0 | 5 | 10 |
Company Summary
- The Plimsoll Chart lies above the scale indicating financial strength, well above the industry average.
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 10.3% in the latest year, well above the industry average of 0.4%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 0.4% to 4.3% in the latest year.
- The £937,000 directors fees figure disclosed significantly affects the profitability of the company.
- Non Trading Income of £190,000 makes a large contribution to pretax profits of £563,000.
- The company is among the Top 2 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 32 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £13.0m sales and made £563,000, by following the proposal plan, sales would be level but profits would rise to £1.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £13.0m 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-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 11594 | 11133 | 11797 | 13013 | 13281 |
| Pre-tax Profit (£000) | 270 | -63 | 51 | 563 | 1156 |
| Total Value (£000) | 8748 | 5721 | 6479 | 10006 | 13564 |
| Asset Value (£000) | 3353 | 3006 | 2639 | 3456 | 3099 |
| Goodwill (£000) | 5395 | 2715 | 3840 | 6550 | 10465 |
| Liabilities (£000) | 4638 | 4766 | 5054 | 4545 | 5239 |
| Equity Value (£000) | 13386 | 10487 | 11533 | 14551 | 18803 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR RICHARD LAURENCE DENDLE (50.0%)
TRAILFINDERS LTD (48.8%)
W. HEATH & E. LEE - JOINT SHAREHOLDER (1.3%)
Immediate Shareholder: See Shareholders
Subsidiaries
BRITANNIC TECHNOLOGIES LTD
Acquisition / Valuation Comments
This company has been established 40 years.
The number of shareholders is low (3)
1 director is over 70 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 £10.0m 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 10% return on total assets.
The company's value would increase by 36% if the proposed business plan was followed.
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