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Cubic transportation systems ltd
Registration Number
01381707Incorporation Date
02/08/1978Last Annual Return
Not availableAddress
A F C House, Honeycrock Lane, Redhill, Surrey. RH1 5LA
Website
www.cts.comAudit Fees
£365,000Secretary
Mr Matthew Luxton
Directors
Active
Mr Travis Chester (55 yrs)
Active
Mr David Alan Wear (57 yrs)
Active
Mr Matthew Luxton (58 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 153955 | 154227 | 163462 | 176626 | 193695 |
| Directors Fees | 649 | 494 | 445 | 367 | 440 |
| Gross Profits | 121615 | 120605 | 78486 | 64240 | 70448 |
| Value Added | 94220 | 93686 | 104345 | 96240 | 107428 |
| Trading Profit | 36895 | 36510 | 47885 | 32540 | 43923 |
| Depreciation | 1764 | 2187 | 2289 | 386 | |
| Non-Trading Income | 277 | 913 | 15233 | 3624 | 0 |
| Total Interest Charges | 515 | 255 | 338 | 286 | 343 |
| Pre-tax Profit | 34893 | 34981 | 60491 | 35492 | 43117 |
| Retained Profit (Shareholders Funds) | -25991 | 28238 | 8406 | -15631 | 21295 |
| Fixed Assets | 15665 | 16046 | 14897 | 6885 | 8262 |
| Intangibles | 24099 | 23558 | 23924 | 27587 | 33104 |
| Intermediate Assets | 17879 | 18195 | 26590 | 20778 | 24934 |
| Stocks | 2351 | 1492 | 1468 | 2554 | 2801 |
| Debtors | 28179 | 29120 | 31275 | 28338 | 31077 |
| Cash or Equivalent | 61888 | 75413 | 65951 | 51403 | 38908 |
| Total Current Assets | 92418 | 106025 | 98694 | 82295 | 72786 |
| Creditors | 6060 | 4269 | 3302 | 9856 | 12430 |
| Short Term Borrowing | 16470 | 12233 | 13576 | 18764 | 0 |
| Other Current Liabilities | 36797 | 33198 | 24753 | 6366 | 7639 |
| Total Current Liabilities | 59327 | 49700 | 41631 | 34986 | 20069 |
| Net Current Assets | 33091 | 56325 | 57063 | 47309 | 52717 |
| Shareholders Funds | 74309 | 102547 | 110953 | 95322 | 116617 |
| Total Loan Capital | 7119 | 7292 | 6809 | 5237 | 0 |
| Other Capital Employed | 9306 | 4285 | 4712 | 2000 | 2400 |
| Total Capital Employed | 90734 | 114124 | 122474 | 102559 | 119017 |
| Pretax Profit Margin % | 22.66 | 22.68 | 37.01 | 20.09 | 22.26 |
| Sales Growth % | -15 | 0 | 6 | 8 | 10 |
| Pretax Profit Growth % | 37 | 0 | 73 | -41 | 21.48 |
| Debtor Ratio Days | 67 | 69 | 70 | 58 | 58.4004166996931 |
| Creditor Ratio Days | 14 | 10 | 7 | 20 | 23.3585179984827 |
| Stock Turnover | 65 | 103 | 111 | 69 | 69.1566170712608 |
| Sales £000 / Employee | 147 | 145 | 150 | 158 | 173.937869292748 |
| Value Added £000/Empl. | 90 | 88 | 96 | 86 | 96.470232682935 |
| Av. Remun. £000 / Empl. | 55 | 54 | 52 | 57 | 57.0277529095792 |
| Total Empl. Remu. £000 | 57325 | 57176 | 56460 | 63700 | 63505.3660511591 |
| Employees | 1049 | 1063 | 1091 | 1117 | 1113.58703106978 |
| Pretax Profit/Total Assets % | 23 | 21 | 37 | 26 | 31 |
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 8.1% in the latest year, well above the industry average of 0.8%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 20.1% in the latest year, well above the industry average of 6.9%.
- Shareholders received £35.7m in dividends this year, over 101% of the pretax profits of the company.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- We expect new accounts for this company to be filed in the next couple of months, contact us for an updated analysis.
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 3 in terms of Trading Profits.
- The company is among the Top 4 Leaders in Efficiency.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £177m sales and made £35.5m, by following the proposal plan, sales would rise to £194m and profits would rise to £43.1m.
Key Attractiveness Features
- ADD £177m TO SALES
- FEW DIRECTORS
- HIGH DIVIDEND
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 | 30-Sep-20 | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 28-Sep-24 |
| Total Sales (£000) | 153955 | 154227 | 163462 | 176626 | 193695 |
| Pre-tax Profit (£000) | 34893 | 34981 | 60491 | 35492 | 43117 |
| Total Value (£000) | 267073 | 262496 | 328359 | 248747 | 319678 |
| Asset Value (£000) | 88173 | 88411 | 98154 | 86142 | 100178 |
| Goodwill (£000) | 178900 | 174085 | 230205 | 162605 | 219500 |
| Liabilities (£000) | -13864 | 14136 | 12799 | 9180 | 16439 |
| Equity Value (£000) | 253209 | 276632 | 341158 | 257927 | 336117 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
CUBIC SURFACE TRANSPORTATION SYSTEMS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
CUBIC TRANSPORTATION SYSTEMS TECHNOLOGIES HOLDING COMPANY
Acquisition / Valuation Comments
This company has been established 47 years.
The number of shareholders is low (1)
The total value of the company is currently £248.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 31% return on total assets.
The company's value would increase by 29% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 65%.
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