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Asset finance solutions (uk) ltd
Registration Number
09227443Incorporation Date
19/09/2014Last Annual Return
Not availableAddress
Greenbank Court, Greenbank Technology Park, Blackburn, Lancashire. BB1 5QB
Website
www.assetfinancesolutions.comAudit Fees
£18,000Secretary
Not available
Directors
Active
Mr Justin John Ford (53 yrs)
Active
Mr David John Metcalfe (59 yrs)
Active
Mr Nicholas SImpson (59 yrs)
Active
Mr Michael David Geddes (56 yrs)
Active
Mr Lee Simms (48 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 30-Apr-25 | 29-Apr-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 26323 | 36353 | 42543 | 47191 | 53378 |
| Directors Fees | 0 | 93 | 123 | 135 | 162 |
| Gross Profits | 4195 | 5843 | 6711 | 6772 | 7660 |
| Value Added | 3122 | 4246 | 4540 | 3837 | 5916 |
| Trading Profit | 2807 | 3898 | 4101 | 3404 | 5483 |
| Depreciation | 21 | 27 | 28 | 29 | |
| Non-Trading Income | 0 | 6 | 46 | 61 | 0 |
| Total Interest Charges | 2 | 5 | 14 | 6 | 7 |
| Pre-tax Profit | 2784 | 3872 | 4105 | 3430 | 5441 |
| Retained Profit (Shareholders Funds) | 691 | 2146 | 497 | -719 | 2058 |
| Fixed Assets | 82 | 132 | 73 | 136 | 163 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1332 | 1415 | 2008 | 1579 | 1786 |
| Cash or Equivalent | 4554 | 7776 | 8483 | 8201 | 11005 |
| Total Current Assets | 5886 | 9191 | 10491 | 9780 | 12791 |
| Creditors | 968 | 1305 | 1740 | 1676 | 2180 |
| Short Term Borrowing | 178 | 151 | 202 | 186 | 0 |
| Other Current Liabilities | 2365 | 3228 | 3514 | 3643 | 4372 |
| Total Current Liabilities | 3511 | 4684 | 5456 | 5505 | 6552 |
| Net Current Assets | 2375 | 4507 | 5035 | 4275 | 6239 |
| Shareholders Funds | 2420 | 4566 | 5063 | 4344 | 6402 |
| Total Loan Capital | 37 | 73 | 44 | 68 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 2457 | 4639 | 5107 | 4412 | 6402 |
| Pretax Profit Margin % | 10.58 | 10.65 | 9.65 | 7.27 | 10.19 |
| Sales Growth % | NA | 38 | 17 | 11 | 13 |
| Pretax Profit Growth % | NA | 39 | 6 | -16 | 59.00 |
| Debtor Ratio Days | 18 | 14 | 17 | 12 | 12.1793562331801 |
| Creditor Ratio Days | 13 | 13 | 15 | 13 | 14.8666822063529 |
| Stock Turnover | NA | NA | NA | NA | NA |
| Sales £000 / Employee | 3290 | 3635 | 3545 | 4290 | 4719.1 |
| Value Added £000/Empl. | 390 | 425 | 378 | 349 | 537.818181818182 |
| Av. Remun. £000 / Empl. | 39 | 35 | 37 | 39 | 39.3636363636364 |
| Total Empl. Remu. £000 | 315 | 348 | 439 | 433 | 433.000000000001 |
| Employees | 8 | 10 | 12 | 11 | 11 |
| Pretax Profit/Total Assets % | 47 | 42 | 39 | 35 | 42 |
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 10.9% in the latest year, well above the industry average of 5.6%.
- Sales per Employee is £4.3m which is well above the industry average of £412,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 7.3% in the latest year, well above the industry average of 1.8%.
- Shareholders received £3.3m in dividends this year, over 95% 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.
- The company is among the Top 3 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 9 in terms of Trading Profits.
- The company is among the Top 11 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 £47.2m sales and made £3.4m, by following the proposal plan, sales would rise to £53.4m and profits would rise to £5.4m.
Key Attractiveness Features
- ADD £47.2m TO SALES
- ATTRACTIVE PRICE
- 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-Apr-22 | 30-Apr-23 | 30-Apr-24 | 30-Apr-25 | 29-Apr-26 |
| Total Sales (£000) | 26323 | 36353 | 42543 | 47191 | 53378 |
| Pre-tax Profit (£000) | 2784 | 3872 | 4105 | 3430 | 5441 |
| Total Value (£000) | 15344 | 21367 | 23061 | 19265 | 29999 |
| Asset Value (£000) | 1414 | 1547 | 2081 | 1715 | 1949 |
| Goodwill (£000) | 13930 | 19820 | 20980 | 17550 | 28050 |
| Liabilities (£000) | 1006 | 3019 | 2983 | 2628 | 4453 |
| Equity Value (£000) | 16350 | 24386 | 26044 | 21893 | 34452 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
AFS GROUP HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 12 years.
The number of shareholders is low (1).
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £19.3m 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 42% return on total assets.
The company's value would increase by 56% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 17%.
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