Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo
Ash waste services ltd
Registration Number
06097593Incorporation Date
12/02/2007Last Annual Return
Not availableAddress
The Mill, Morton, Oswestry, Shropshire. SY10 8BH
Website
www.ashwasteservices.co.ukAudit Fees
£3,000Secretary
Mr Stephen Lea Haycock
Directors
Active
Mr Jonathan Peter Fray (51 yrs)
Active
Ms Zoe Hassall (47 yrs)
Active
Mr Steven Joseph Rymill (42 yrs)
Active
Mr Neil Alan D'arcy Hassall (49 yrs)
Active
Mr Andrew Hulme (39 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 17711 | 23051 | 28494 | 32360 | 37629 |
| Directors Fees | 0 | 91 | 181 | 215 | 258 |
| Gross Profits | 8467 | 10931 | 14254 | 16780 | 19512 |
| Value Added | 7641 | 9465 | 12221 | 14484 | 20012 |
| Trading Profit | 4120 | 4879 | 6235 | 7182 | 12293 |
| Depreciation | 1187 | 1081 | 1193 | 926 | |
| Non-Trading Income | 1 | 3 | 2 | 36 | 0 |
| Total Interest Charges | 49 | 68 | 58 | 49 | 59 |
| Pre-tax Profit | 2885 | 3733 | 4986 | 6243 | 11123 |
| Retained Profit (Shareholders Funds) | 421 | 16 | 160 | 1109 | 3746 |
| Fixed Assets | 3858 | 3697 | 3302 | 3017 | 3620 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 48 | 48 | 67 | 78 | 91 |
| Debtors | 1121 | 1481 | 1698 | 1678 | 1951 |
| Cash or Equivalent | 2490 | 1519 | 1680 | 2568 | 5243 |
| Total Current Assets | 3659 | 3048 | 3445 | 4324 | 7285 |
| Creditors | 742 | 1115 | 1369 | 1810 | 2420 |
| Short Term Borrowing | 2832 | 1994 | 1946 | 1003 | 0 |
| Other Current Liabilities | 606 | 835 | 771 | 886 | 1063 |
| Total Current Liabilities | 4180 | 3944 | 4086 | 3699 | 3483 |
| Net Current Assets | -521 | -896 | -641 | 625 | 3802 |
| Shareholders Funds | 2179 | 2195 | 2355 | 3464 | 7210 |
| Total Loan Capital | 1158 | 602 | 215 | 0 | 0 |
| Other Capital Employed | 0 | 4 | 91 | 177 | 212 |
| Total Capital Employed | 3337 | 2801 | 2661 | 3641 | 7422 |
| Pretax Profit Margin % | 16.29 | 16.19 | 17.5 | 19.29 | 29.56 |
| Sales Growth % | -8 | 30 | 24 | 14 | 16 |
| Pretax Profit Growth % | 57 | 29 | 34 | 25 | 78.17 |
| Debtor Ratio Days | 23 | 23 | 22 | 19 | 18.8749072929543 |
| Creditor Ratio Days | 15 | 18 | 17 | 20 | 23.4136588380716 |
| Stock Turnover | 369 | 480 | 425 | 415 | 414.871794871795 |
| Sales £000 / Employee | 161 | 189 | 187 | 183 | 201.107344632768 |
| Value Added £000/Empl. | 69 | 78 | 80 | 82 | 106.954718980215 |
| Av. Remun. £000 / Empl. | 32 | 38 | 39 | 41 | 41.2542372881356 |
| Total Empl. Remu. £000 | 3521 | 4586 | 5986 | 7302 | 7718.96560041349 |
| Employees | 110 | 122 | 152 | 177 | 187.107218744616 |
| Pretax Profit/Total Assets % | 38 | 55 | 74 | 85 | 102 |
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 13.6% in the latest year, well above the industry average of 2.7%.
- Gross Profit Margin is 51.9% in the latest year, well above the industry average of 25.0%.
- The company has consistently improved pretax profits over the last 4 years.Only 33 other companies achieved this.
- Pretax Profit Margin is 19.3% in the latest year, well above the industry average of 5.1%.
- Shareholders received £4.0m in dividends this year, over 64% of the pretax profits of the company.
- Formal debt of the company has decreased by £1.2m, a fall of 54%.
- The Trading Stability chart shows a well above average sales return on total assets in the latest year
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 59 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 50 companies listed under the Sales Return on Total Assets category (see section 2.2c).
- 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 885 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £32.4m sales and made £6.2m, by following the proposal plan, sales would rise to £37.6m and profits would rise to £11.1m.
Key Attractiveness Features
- ADD £32.4m 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 | 31-Mar-21 | 31-Mar-22 | 31-Mar-23 | 31-Mar-24 | 30-Mar-25 |
| Total Sales (£000) | 17711 | 23051 | 28494 | 32360 | 37629 |
| Pre-tax Profit (£000) | 2885 | 3733 | 4986 | 6243 | 11123 |
| Total Value (£000) | 19692 | 24671 | 31182 | 37128 | 62862 |
| Asset Value (£000) | 5027 | 5226 | 5067 | 4773 | 5662 |
| Goodwill (£000) | 14665 | 19445 | 26115 | 32355 | 57200 |
| Liabilities (£000) | -2848 | -3031 | -2712 | -1308 | 1548 |
| Equity Value (£000) | 16844 | 21640 | 28470 | 35820 | 64410 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
ASH GROUP (UK) LTD (90.0%)
LAF HOLDINGS LTD (10.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 18 years.
The number of shareholders is low (2)
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 £37.1m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 102% return on total assets.
The company's value would increase by 69% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 54%.
Book a FREE no obligation demo with one of our specialists to see how Plimsoll can help you
Book a free Demo