Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
Howard garages (weston) ltd
Registration Number
01108986Incorporation Date
17/04/1973Last Annual Return
Not availableAddress
Herluin Way, Weston-Super-Mare, Avon. BS23 3YX
Website
www.howardsgroup.co.ukAudit Fees
£57,000Secretary
Mr Mark Andrew Eggar
Directors
Active
Mr Jonathan Francis Coleman (43 yrs)
Active
Mr Mark Andrew Eggar (44 yrs)
Active
Mr Stuart MacKintosh (43 yrs)
Active
Mr Peter Francis Coleman (74 yrs)
Active
Mr Christopher Garry Lee (44 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) | 137140 | 155057 | 174855 | 198769 | 204206 |
| Directors Fees | 471 | 797 | 1257 | 1013 | 1013 |
| Gross Profits | 16800 | 22691 | 22535 | 25097 | 25783 |
| Value Added | 13795 | 17576 | 16709 | 18198 | 19605 |
| Trading Profit | 3270 | 6136 | 4796 | 5363 | 7618 |
| Depreciation | 569 | 611 | 646 | 674 | |
| Non-Trading Income | 17 | 496 | 22 | 175 | 0 |
| Total Interest Charges | 194 | 131 | 147 | 514 | 463 |
| Pre-tax Profit | 2524 | 5890 | 4025 | 4350 | 6548 |
| Retained Profit (Shareholders Funds) | 1808 | 3827 | 2144 | 7157 | 2610 |
| Fixed Assets | 8230 | 7945 | 7763 | 15968 | 15170 |
| Intangibles | 0 | 0 | 0 | 1180 | 1121 |
| Intermediate Assets | 174 | 5 | 0 | 0 | 0 |
| Stocks | 20973 | 21171 | 28397 | 30978 | 26521 |
| Debtors | 3461 | 2621 | 1353 | 6169 | 5387 |
| Cash or Equivalent | 6168 | 8570 | 8103 | 5658 | 17283 |
| Total Current Assets | 30602 | 32362 | 37853 | 42805 | 49191 |
| Creditors | 15636 | 12640 | 15906 | 21602 | 25522 |
| Short Term Borrowing | 1938 | 1395 | 1002 | 1000 | 0 |
| Other Current Liabilities | 3168 | 4103 | 4282 | 5222 | 5222 |
| Total Current Liabilities | 20742 | 18138 | 21190 | 27824 | 30744 |
| Net Current Assets | 9860 | 14224 | 16663 | 14981 | 18447 |
| Shareholders Funds | 17776 | 21603 | 23747 | 30904 | 33514 |
| Total Loan Capital | 27 | 2 | 0 | 0 | 0 |
| Other Capital Employed | 461 | 568 | 678 | 1224 | 1224 |
| Total Capital Employed | 18264 | 22173 | 24425 | 32128 | 34738 |
| Pretax Profit Margin % | 1.84 | 3.8 | 2.3 | 2.19 | 3.21 |
| Sales Growth % | -3 | 13 | 13 | 14 | 3 |
| Pretax Profit Growth % | 128 | 133 | -32 | 8 | 51.00 |
| Debtor Ratio Days | 9 | 6 | 3 | 11 | 9.6025466747833 |
| Creditor Ratio Days | 42 | 30 | 33 | 40 | 45.4929953866046 |
| Stock Turnover | 7 | 7 | 6 | 6 | 7.699748208406 |
| Sales £000 / Employee | 518 | 649 | 723 | 756 | 831.353231939164 |
| Value Added £000/Empl. | 52 | 74 | 69 | 69 | 79.8149252331394 |
| Av. Remun. £000 / Empl. | 40 | 48 | 49 | 49 | 48.8022813688213 |
| Total Empl. Remu. £000 | 10525 | 11440 | 11913 | 12835 | 11987.3410072242 |
| Employees | 265 | 239 | 242 | 263 | 245.630750673935 |
| Pretax Profit/Total Assets % | 6 | 15 | 9 | 7 | 10 |
Company Summary
- The Plimsoll Chart is falling though its height is ok.
- Total Sales have increased by 13.7% in the latest year, well above the industry average of 8.7%.
- Gross Profit Margin is 12.6% in the latest year, well above the industry average of 9.6%.
- Sales per Employee is £756,000 which is well above the industry average of £611,000.
- The average salary is £49,000 which is well above the industry average of £39,000.
- Pretax Profit Margin is 2.2% in the latest year, well above the industry average of 1.2%.
- The company is among the Top 35 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 261 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £199m sales and made £4.4m, by following the proposal plan, sales would be level but profits would rise to £6.5m.
Key Attractiveness Features
- ADD £199m 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) | 137140 | 155057 | 174855 | 198769 | 204206 |
| Pre-tax Profit (£000) | 2524 | 5890 | 4025 | 4350 | 6548 |
| Total Value (£000) | 48698 | 63352 | 64548 | 82805 | 88319 |
| Asset Value (£000) | 32838 | 31742 | 37513 | 54295 | 48199 |
| Goodwill (£000) | 15860 | 31610 | 27035 | 28510 | 40120 |
| Liabilities (£000) | -15062 | -10138 | -13765 | -23390 | -14685 |
| Equity Value (£000) | 33636 | 53214 | 50783 | 59415 | 73634 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HOWARD GARAGES GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
PRIORSWOOD ROAD (MANAGEMENT) LTD
Acquisition / Valuation Comments
This company has been established 52 years.
The number of shareholders is low (1)
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 £82.8m 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 26%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo