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Hy-ram engineering company ltd
Registration Number
00972440Incorporation Date
16/02/1970Last Annual Return
Not availableAddress
Pelham Street, Mansfield, Nottinghamshire. NG18 2EY
Website
www.hyram.comAudit Fees
£15,000Secretary
Mr Timothy John Hallam
Directors
Active
Mr Peter John Hallam (83 yrs)
Active
Ms Debbie Rachelle Hallam (54 yrs)
Active
Ms Kerry Limer (54 yrs)
Active
Mr James William Thornton (38 yrs)
Active
Mr Timothy John Hallam (57 yrs)
Active
Ms Gillian Ann Hallam (82 yrs)
Active
Mr Kristian Sharratt (50 yrs)
Active
Mr Lee Read Bullock-Jones (46 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) | 9499 | 10564 | 10595 | 11371 | 12370 |
| Directors Fees | 286 | 338 | 274 | 395 | 474 |
| Gross Profits | 3174 | 3762 | 3679 | 4445 | 4836 |
| Value Added | 3663 | 4028 | 3643 | 4340 | 5064 |
| Trading Profit | 1790 | 2088 | 1839 | 2359 | 3105 |
| Depreciation | 306 | 402 | 437 | 474 | |
| Non-Trading Income | 0 | 0 | 3 | 16 | 0 |
| Total Interest Charges | 12 | 48 | 87 | 34 | 41 |
| Pre-tax Profit | 1472 | 1638 | 1318 | 1867 | 2495 |
| Retained Profit (Shareholders Funds) | 1048 | 849 | 447 | 809 | 1120 |
| Fixed Assets | 2642 | 2724 | 2743 | 2725 | 3270 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 1770 | 2277 | 2299 | 2464 | 2681 |
| Debtors | 1872 | 2309 | 2467 | 2128 | 2315 |
| Cash or Equivalent | 1741 | 1588 | 1684 | 1956 | 2129 |
| Total Current Assets | 5383 | 6174 | 6450 | 6548 | 7125 |
| Creditors | 1334 | 1433 | 1576 | 1160 | 1451 |
| Short Term Borrowing | 798 | 589 | 641 | 382 | 0 |
| Other Current Liabilities | 405 | 578 | 581 | 852 | 1022 |
| Total Current Liabilities | 2537 | 2600 | 2798 | 2394 | 2473 |
| Net Current Assets | 2846 | 3574 | 3652 | 4154 | 4652 |
| Shareholders Funds | 4423 | 5272 | 5719 | 6528 | 7648 |
| Total Loan Capital | 964 | 905 | 507 | 123 | 0 |
| Other Capital Employed | 102 | 121 | 169 | 228 | 274 |
| Total Capital Employed | 5489 | 6298 | 6395 | 6879 | 7922 |
| Pretax Profit Margin % | 15.5 | 15.51 | 12.44 | 16.42 | 20.17 |
| Sales Growth % | -12 | 11 | 0 | 7 | 9 |
| Pretax Profit Growth % | 2 | 11 | -20 | 42 | 33.64 |
| Debtor Ratio Days | 72 | 80 | 85 | 68 | 68.1199542696333 |
| Creditor Ratio Days | 51 | 49 | 54 | 37 | 42.7030164453434 |
| Stock Turnover | 5 | 5 | 5 | 5 | 4.6148538961039 |
| Sales £000 / Employee | 186 | 207 | 216 | 237 | 260.585416666666 |
| Value Added £000/Empl. | 72 | 79 | 74 | 90 | 106.674337596085 |
| Av. Remun. £000 / Empl. | 37 | 38 | 37 | 41 | 41.2708333333333 |
| Total Empl. Remu. £000 | 1873 | 1940 | 1804 | 1981 | 1959.19191728517 |
| Employees | 51 | 51 | 49 | 48 | 47.4715860826291 |
| Pretax Profit/Total Assets % | 18 | 18 | 14 | 20 | 24 |
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 7.3% in the latest year, well above the industry average of 1.0%.
- Sales per Employee is £237,000 which is well above the industry average of £161,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 15% towards the Total Sales of the company.
- Pretax Profit Margin is 16.4% in the latest year, well above the industry average of 6.2%.
- Pretax Profit Margin has markedly improved from 12.4% to 16.4% in the latest year.
- Shareholders received £606,000 in dividends this year, over 32% of the pretax profits of the company.
- Formal debt of the company has decreased by £643,000, a fall of 56%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 22 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).
- The company is among the Top 16 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 140 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £11.4m sales and made £1.9m, by following the proposal plan, sales would rise to £12.4m and profits would rise to £2.5m.
Key Attractiveness Features
- ADD £11.4m TO SALES
- 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 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 9499 | 10564 | 10595 | 11371 | 12370 |
| Pre-tax Profit (£000) | 1472 | 1638 | 1318 | 1867 | 2495 |
| Total Value (£000) | 15134 | 17430 | 15889 | 18717 | 23316 |
| Asset Value (£000) | 6284 | 7310 | 7509 | 7317 | 8266 |
| Goodwill (£000) | 8850 | 10120 | 8380 | 11400 | 15050 |
| Liabilities (£000) | -1862 | -2038 | -1790 | -789 | -618 |
| Equity Value (£000) | 13272 | 15392 | 14099 | 17928 | 22698 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HY-RAM PIPELINE PRODUCTS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 55 years.
The number of shareholders is low (1)
2 directors are over 70 years of age.
1 director is under 40 years of age.
The total value of the company is currently £18.7m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 24% return on total assets.
The company's value would increase by 25% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 14%.
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