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Wastecare ltd
Registration Number
01631444Incorporation Date
27/04/1982Last Annual Return
Not availableAddress
Argent House Tyler Close, Normanton Industrial Estate, Normanton, West Yorkshire. WF6 1RL
Website
www.wastecare.co.ukAudit Fees
£32,000Secretary
Ms Rebecca Mary Hunt
Directors
Active
Mr Peter Timothy Hunt (70 yrs)
Active
Mr Hok Wing Lau (47 yrs)
Active
Ms Rebecca Mary Hunt (71 yrs)
Active
Mr Matthew William Stoneman (40 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 50598 | 54931 | 56467 | 60286 | 61101 |
| Directors Fees | 161 | 580 | 266 | 403 | 403 |
| Gross Profits | 12415 | 13353 | 13002 | 15239 | 15445 |
| Value Added | 19295 | 21103 | 20350 | 22505 | 20841 |
| Trading Profit | 5645 | 6154 | 4979 | 6488 | 6082 |
| Depreciation | 3960 | 3997 | 3369 | 3130 | |
| Non-Trading Income | 0 | 8 | 42 | 22 | 0 |
| Total Interest Charges | 154 | 155 | 76 | 145 | 131 |
| Pre-tax Profit | 1531 | 2010 | 1576 | 3235 | 3134 |
| Retained Profit (Shareholders Funds) | 1172 | 1914 | 1749 | 2669 | 1941 |
| Fixed Assets | 13461 | 11304 | 10229 | 12363 | 11745 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 6532 | 7718 | 8119 | 8897 | 7514 |
| Debtors | 17901 | 11121 | 9331 | 7499 | 6460 |
| Cash or Equivalent | 4485 | 2234 | 4700 | 7482 | 5623 |
| Total Current Assets | 28918 | 21073 | 22150 | 23878 | 19597 |
| Creditors | 5793 | 3690 | 3731 | 3224 | 3758 |
| Short Term Borrowing | 14042 | 6744 | 5590 | 6040 | 0 |
| Other Current Liabilities | 9144 | 7548 | 7703 | 7226 | 7226 |
| Total Current Liabilities | 28979 | 17982 | 17024 | 16490 | 10984 |
| Net Current Assets | -61 | 3091 | 5126 | 7388 | 8613 |
| Shareholders Funds | 11241 | 13155 | 14904 | 17573 | 19514 |
| Total Loan Capital | 1586 | 719 | 179 | 1333 | 0 |
| Other Capital Employed | 573 | 521 | 272 | 844 | 844 |
| Total Capital Employed | 13400 | 14395 | 15355 | 19750 | 20358 |
| Pretax Profit Margin % | 3.03 | 3.66 | 2.79 | 5.37 | 5.13 |
| Sales Growth % | 18 | 9 | 3 | 7 | 1 |
| Pretax Profit Growth % | -47 | 31 | -22 | 105 | -3.00 |
| Debtor Ratio Days | 129 | 74 | 60 | 45 | 38.4863915336894 |
| Creditor Ratio Days | 42 | 24 | 24 | 19 | 22.3860664167468 |
| Stock Turnover | 8 | 7 | 7 | 7 | 8.1311902888614 |
| Sales £000 / Employee | 116 | 118 | 127 | 139 | 153.151501154735 |
| Value Added £000/Empl. | 44 | 45 | 46 | 52 | 52.2330827067669 |
| Av. Remun. £000 / Empl. | 31 | 32 | 35 | 37 | 36.9907621247113 |
| Total Empl. Remu. £000 | 13650 | 14949 | 15371 | 16017 | 14759.3140877598 |
| Employees | 436 | 466 | 444 | 433 | 399 |
| Pretax Profit/Total Assets % | 4 | 6 | 5 | 9 | 10 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, in line with the industry average.
- Pretax Profit Margin has markedly improved from 2.8% to 5.4% in the latest year.
- Formal debt of the company has increased by £1.6m, a rise of 28%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year.
- 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 217 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £60.3m sales and made £3.2m, by following the proposal plan, sales would be level and profits would stay thesame.
Key Attractiveness Features
- ADD £60.3m TO SALES
- FEW DIRECTORS
- HIGH AVERAGE AGE
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-22 | 31-Mar-23 | 31-Mar-24 | 31-Mar-25 | 30-Mar-26 |
| Total Sales (£000) | 50598 | 54931 | 56467 | 60286 | 61101 |
| Pre-tax Profit (£000) | 1531 | 2010 | 1576 | 3235 | 3134 |
| Total Value (£000) | 47124 | 43828 | 37059 | 47564 | 44059 |
| Asset Value (£000) | 37894 | 30143 | 27679 | 28759 | 25719 |
| Goodwill (£000) | 9230 | 13685 | 9380 | 18805 | 18340 |
| Liabilities (£000) | -26653 | -16988 | -12775 | -11185 | -6205 |
| Equity Value (£000) | 20471 | 26840 | 24284 | 36379 | 37854 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
WASTECARE GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 44 years.
The number of shareholders is low (1).
1 director is over 70 years of age.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £47.6m including debts.
The equity value is high, indicating low levels of total liabilities.
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 66%.
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