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Pavers ltd
Registration Number
01014213Incorporation Date
14/06/1971Last Annual Return
Not availableAddress
Catherine House, Harwood Road, Northminster Business Park, York, North Yorkshire. YO26 6QU
Website
www.pavers.co.ukAudit Fees
£33,000Secretary
Not available
Directors
Active
Mr Jason Michael Paver (38 yrs)
Active
Mr Stuart David Paver (63 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Jan-21 | 29-Jan-22 | 28-Jan-23 | 03-Feb-24 | 09-Feb-25 |
| Weeks | 52 | 52 | 52 | 53 | 53 |
| Total Sales (£000) | 73336 | 124823 | 148637 | 169182 | 197244 |
| Directors Fees | 439 | 484 | 549 | 678 | 814 |
| Gross Profits | 11845 | 36067 | 36388 | 44575 | 51969 |
| Value Added | 18795 | 34313 | 34837 | 45629 | 54931 |
| Trading Profit | -1641 | 9999 | 7903 | 16583 | 24146 |
| Depreciation | 1320 | 1898 | 2419 | 2444 | |
| Non-Trading Income | 37 | -63 | -639 | 200 | 0 |
| Total Interest Charges | 722 | 324 | 143 | 48 | 58 |
| Pre-tax Profit | -3646 | 7714 | 4702 | 14291 | 21155 |
| Retained Profit (Shareholders Funds) | -10326 | 3390 | -2905 | 4749 | 8575 |
| Fixed Assets | 3247 | 6127 | 6024 | 5570 | 6684 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 1555 | 1555 | 1555 | 1555 | 1866 |
| Stocks | 22717 | 20084 | 32542 | 24565 | 28640 |
| Debtors | 285 | 296 | 15245 | 1193 | 1391 |
| Cash or Equivalent | 26435 | 32847 | 6540 | 26126 | 34367 |
| Total Current Assets | 49437 | 53227 | 54327 | 51884 | 64398 |
| Creditors | 7621 | 11737 | 9981 | 6844 | 9176 |
| Short Term Borrowing | 1505 | 1693 | 7264 | 122 | 0 |
| Other Current Liabilities | 10304 | 10297 | 11039 | 13464 | 16157 |
| Total Current Liabilities | 19430 | 23727 | 28284 | 20430 | 25333 |
| Net Current Assets | 30007 | 29500 | 26043 | 31454 | 39065 |
| Shareholders Funds | 31038 | 34428 | 31523 | 36272 | 44847 |
| Total Loan Capital | 1932 | 680 | 0 | 0 | 0 |
| Other Capital Employed | 1839 | 2074 | 2099 | 2307 | 2768 |
| Total Capital Employed | 34809 | 37182 | 33622 | 38579 | 47615 |
| Pretax Profit Margin % | -4.97 | 6.18 | 3.16 | 8.45 | 10.73 |
| Sales Growth % | -38 | 70 | 19 | 14 | 17 |
| Pretax Profit Growth % | -163 | 312 | -39 | 204 | 48.03 |
| Debtor Ratio Days | 1 | 1 | 37 | 3 | 2.6161352862598 |
| Creditor Ratio Days | 38 | 34 | 24 | 15 | 17.2594755943304 |
| Stock Turnover | 3 | 6 | 5 | 7 | 6.8871158151842 |
| Sales £000 / Employee | 52 | 83 | 87 | 91 | 100.161571582347 |
| Value Added £000/Empl. | 13 | 23 | 20 | 25 | 27.8942959349741 |
| Av. Remun. £000 / Empl. | 15 | 16 | 16 | 16 | 15.6329386437029 |
| Total Empl. Remu. £000 | 20436 | 24314 | 26934 | 29046 | 30785.2528215475 |
| Employees | 1403 | 1510 | 1710 | 1858 | 1969.25565456295 |
| Pretax Profit/Total Assets % | -7 | 13 | 8 | 24 | 29 |
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 13.8% in the latest year, well above the industry average of 1.2%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 3.2% to 8.4% in the latest year.
- Shareholders received £6.0m in dividends this year, over 42% of the pretax profits of the company.
- Formal debt of the company has decreased by £7.1m, a fall of 98%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 2 in terms of Pretax Profit Return on Owners Funds.
- The company is the only Cash Rich company in this industry.
- The company is among the Top 9 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £169m sales and made £14.3m, by following the proposal plan, sales would rise to £197m and profits would rise to £21.2m.
Key Attractiveness Features
- ADD £169m TO SALES
- ATTRACTIVE PRICE
- 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-Jan-21 | 29-Jan-22 | 28-Jan-23 | 03-Feb-24 | 09-Feb-25 |
| Total Sales (£000) | 73336 | 124823 | 148637 | 169182 | 197244 |
| Pre-tax Profit (£000) | -3646 | 7714 | 4702 | 14291 | 21155 |
| Total Value (£000) | 15194 | 70987 | 85531 | 106968 | 148716 |
| Asset Value (£000) | 27804 | 28062 | 55366 | 32883 | 38581 |
| Goodwill (£000) | -12610 | 42925 | 30165 | 74085 | 110135 |
| Liabilities (£000) | 3234 | 6366 | -23843 | 3389 | 6266 |
| Equity Value (£000) | 18428 | 77353 | 61688 | 110357 | 154982 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
PAVERS HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
HERRING SHOES LTD
SHOE-SHOP.COM.LTD
PAVERS ENGLAND PRIVATE LTD
YORK SHOES PRIVATE LTD
WILTON VILLAGE SHOPPING MANAGEMENT COMPANY LTD
ALDER & GREEN LTD
Acquisition / Valuation Comments
This company has been established 54 years.
The number of shareholders is low (1)
1 director is over 60 years of age.
1 director is under 40 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 £107.0m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 29% return on total assets.
The company's value would increase by 39% if the proposed business plan was followed.
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