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Gilcrest manufacturing ltd
Registration Number
04401860Incorporation Date
22/03/2002Last Annual Return
Not availableAddress
3 Portview Road, Bristol, Avon. BS11 9LQ
Website
www.gilcrestmanufacturing.comAudit Fees
Not availableSecretary
Not available
Directors
Active
Ms Sarah Jane Fowke (50 yrs)
Active
Mr Kevin Michael Mervyn Gillham (49 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Jun-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 78 | 52 | 52 | 52 |
| Total Sales (£000) | 2772 | 6354 | 6889 | 7773 | 8970 |
| Directors Fees | 122 | 292 | 0 | 0 | 0 |
| Gross Profits | 1063 | 2064 | 2698 | 2779 | 3207 |
| Value Added | NA | NA | NA | NA | NA |
| Trading Profit | 167 | 531 | 1202 | 1385 | 2060 |
| Depreciation | 35 | 115 | 100 | 126 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 12 | 8 | 11 | 16 | 19 |
| Pre-tax Profit | 120 | 408 | 1091 | 1243 | 1890 |
| Retained Profit (Shareholders Funds) | 103 | -465 | 830 | 836 | 746 |
| Fixed Assets | 453 | 544 | 660 | 546 | 655 |
| Intangibles | 587 | 0 | 56 | 126 | 151 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 265 | 472 | 812 | 805 | 929 |
| Debtors | 331 | 884 | 996 | 954 | 1101 |
| Cash or Equivalent | 531 | 495 | 917 | 1968 | 2723 |
| Total Current Assets | 1127 | 1851 | 2725 | 3727 | 4753 |
| Creditors | 414 | 900 | 956 | 1053 | 1397 |
| Short Term Borrowing | 43 | 0 | 66 | 40 | 0 |
| Other Current Liabilities | 133 | 432 | 430 | 535 | 642 |
| Total Current Liabilities | 590 | 1332 | 1452 | 1628 | 2039 |
| Net Current Assets | 537 | 519 | 1273 | 2099 | 2714 |
| Shareholders Funds | 1381 | 916 | 1746 | 2582 | 3328 |
| Total Loan Capital | 184 | 0 | 74 | 29 | 0 |
| Other Capital Employed | 13 | 147 | 169 | 160 | 192 |
| Total Capital Employed | 1578 | 1063 | 1989 | 2771 | 3520 |
| Pretax Profit Margin % | 4.33 | 6.42 | 15.84 | 15.99 | 21.07 |
| Sales Growth % | -28 | 129 | 8 | 13 | 15 |
| Pretax Profit Growth % | -86 | 240 | 167 | 14 | 52.05 |
| Debtor Ratio Days | 43 | 76 | 53 | 45 | 44.6746429949826 |
| Creditor Ratio Days | 54 | 77 | 51 | 49 | 56.7072944808954 |
| Stock Turnover | 10 | 13 | 8 | 10 | 9.655900621118 |
| Sales £000 / Employee | 126 | 265 | 215 | 205 | 225.007894736842 |
| Value Added £000/Empl. | NA | NA | NA | NA | NA |
| Av. Remun. £000 / Empl. | NA | NA | NA | NA | NA |
| Total Empl. Remu. £000 | NA | NA | NA | NA | NA |
| Employees | 22 | 24 | 32 | 38 | 39.8649229997758 |
| Pretax Profit/Total Assets % | 6 | 17 | 32 | 28 | 34 |
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 12.8% in the latest year, well above the industry average of -1.7%.
- Gross Profit Margin is 35.8% in the latest year, well above the industry average of 29.3%.
- Sales per Employee is £205,000 which is well above the industry average of £178,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved pretax profits over the last 4 years. The only company to do so.
- Pretax Profit Margin is 16.0% in the latest year, well above the industry average of 5.7%.
- Formal debt of the company has decreased by £71,000, a fall of 51%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- NOTE THAT SOME ACCOUNTING PERIODS ARE NOT 52 WEEKS (* INDICATES THE AFFECTED CHARTS)
- The company is among the Top 4 companies listed as a Best Trading Partner (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 5 in terms of Trading Profits.
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £7.8m sales and made £1.2m, by following the proposal plan, sales would rise to £9.0m and profits would rise to £1.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £7.8m TO SALES
- ATTRACTIVE RATING
- ATTRACTIVE PRICE
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-Jun-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 2772 | 6354 | 6889 | 7773 | 8970 |
| Pre-tax Profit (£000) | 120 | 408 | 1091 | 1243 | 1890 |
| Total Value (£000) | 2906 | 5440 | 8034 | 8726 | 12381 |
| Asset Value (£000) | 1636 | 1900 | 2524 | 2431 | 2836 |
| Goodwill (£000) | 1270 | 3540 | 5510 | 6295 | 9545 |
| Liabilities (£000) | -256 | -984 | -778 | 151 | 492 |
| Equity Value (£000) | 2650 | 4456 | 7256 | 8877 | 12873 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MR KEVIN MICHAEL GILLHAM (70.0%)
MRS VICTORIA ANN DORITZA BERNSTEIN (30.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 23 years.
The number of shareholders is low (2)
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 £8.7m including debts.
The equity value is high, indicating low levels of total liabilities.
This company is rated HIGHLY ATTRACTIVE in terms of attractiveness.
The proposed year is based on achieving a 34% return on total assets.
The company's value would increase by 42% if the proposed business plan was followed.
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