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Cleansing service group ltd
Registration Number
00530446Incorporation Date
17/03/1954Last Annual Return
Not availableAddress
Fusion 3, 1200 Parkway, Whiteley, Fareham, Hampshire. PO15 7AD
Website
www.csg.co.ukAudit Fees
£76,000Secretary
Mr Reza Sotoudeh
Directors
Active
Ms Jennifer Carella Cartmell (48 yrs)
Active
Ms Heather Margaret Trewman Gould (83 yrs)
Active
Ms Janet Anne Mulholland (56 yrs)
Active
Mr Reza Sotoudeh (45 yrs)
Active
Mr Brian Dollen (58 yrs)
Active
Mr Stephen Hicks (53 yrs)
Active
Mr Neil Richards (69 yrs)
Active
Mr Paul Wilkinson (78 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 77866 | 89165 | 100974 | 111217 | 124755 |
| Directors Fees | 0 | 2012 | 2292 | 2944 | 3533 |
| Gross Profits | 23634 | 28037 | 29322 | 37177 | 41703 |
| Value Added | 32741 | 36993 | 39987 | 53344 | 62269 |
| Trading Profit | 9596 | 11985 | 12980 | 22522 | 30838 |
| Depreciation | 3925 | 3893 | 4324 | 4551 | |
| Non-Trading Income | 6 | 0 | 16 | 335 | 0 |
| Total Interest Charges | 34 | 36 | 56 | 67 | 80 |
| Pre-tax Profit | 5643 | 8056 | 8616 | 18239 | 25297 |
| Retained Profit (Shareholders Funds) | 3305 | 4693 | 5081 | 11867 | 10943 |
| Fixed Assets | 32808 | 34409 | 37007 | 45550 | 54660 |
| Intangibles | 198 | 131 | 65 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2302 | 3154 | 3338 | 2832 | 3177 |
| Debtors | 13367 | 15947 | 16809 | 21421 | 24029 |
| Cash or Equivalent | 11466 | 11541 | 15234 | 19926 | 23539 |
| Total Current Assets | 27135 | 30642 | 35381 | 44179 | 50745 |
| Creditors | 3872 | 4008 | 4426 | 4626 | 5967 |
| Short Term Borrowing | 555 | 653 | 631 | 629 | 0 |
| Other Current Liabilities | 11561 | 9286 | 10326 | 12692 | 15230 |
| Total Current Liabilities | 15988 | 13947 | 15383 | 17947 | 21197 |
| Net Current Assets | 11147 | 16695 | 19998 | 26232 | 29548 |
| Shareholders Funds | 40506 | 45199 | 50280 | 62147 | 73090 |
| Total Loan Capital | 1726 | 1528 | 896 | 211 | 0 |
| Other Capital Employed | 1778 | 4285 | 5762 | 9265 | 11118 |
| Total Capital Employed | 44010 | 51012 | 56938 | 71623 | 84208 |
| Pretax Profit Margin % | 7.25 | 9.03 | 8.53 | 16.4 | 20.28 |
| Sales Growth % | -6 | 15 | 13 | 10 | 12 |
| Pretax Profit Growth % | 32 | 43 | 7 | 112 | 38.70 |
| Debtor Ratio Days | 62 | 65 | 61 | 70 | 70.1083827112761 |
| Creditor Ratio Days | 18 | 16 | 16 | 15 | 17.4113993364323 |
| Stock Turnover | 34 | 28 | 30 | 39 | 39.2715395480226 |
| Sales £000 / Employee | 131 | 159 | 171 | 181 | 198.924715447154 |
| Value Added £000/Empl. | 55 | 66 | 68 | 87 | 99.2889668264292 |
| Av. Remun. £000 / Empl. | 39 | 45 | 46 | 50 | 50.1170731707317 |
| Total Empl. Remu. £000 | 23145 | 25008 | 27007 | 30822 | 31430.8843068513 |
| Employees | 594 | 561 | 589 | 615 | 627.149239138068 |
| Pretax Profit/Total Assets % | 9 | 12 | 12 | 20 | 24 |
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 10.1% in the latest year, well above the industry average of 7.1%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry. Up 3 places from last year.
- Gross Profit Margin is 33.4% in the latest year, well above the industry average of 29.4%.
- 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.Only 4 other companies achieved this.
- Pretax Profit Margin is 16.4% in the latest year, well above the industry average of 7.4%.
- Pretax Profit Margin has markedly improved from 8.5% to 16.4% in the latest year.
- Formal debt of the company has decreased by £687,000, a fall of 45%.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 6 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 Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £111m sales and made £18.2m, by following the proposal plan, sales would rise to £125m and profits would rise to £25.3m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £111m TO SALES
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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 77866 | 89165 | 100974 | 111217 | 124755 |
| Pre-tax Profit (£000) | 5643 | 8056 | 8616 | 18239 | 25297 |
| Total Value (£000) | 77030 | 104161 | 111959 | 174378 | 226416 |
| Asset Value (£000) | 48675 | 53641 | 57219 | 69803 | 81866 |
| Goodwill (£000) | 28355 | 50520 | 54740 | 104575 | 144550 |
| Liabilities (£000) | -8026 | -8219 | -6807 | -7497 | -8776 |
| Equity Value (£000) | 69004 | 95942 | 105152 | 166881 | 217640 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
HART FAMILY TRUST (32.0%)
MISS JANET HILARY HART (19.8%)
H.M.T. GOULD (12.5%)
HART GRANDCHILD TRUST (4.8%)
Immediate Shareholder: See Shareholders
Subsidiaries
CLEANSING SERVICE GROUP (RECOVERY) LTD
CLEANSING SERVICE GROUP (RUSHTON) LTD
CLEANSING SERVICE GROUP (WILTON) LTD
ENVIRONMENTAL SEALAND SERVICES LTD
FROGSON WASTE MANAGEMENT LTD
HUTCHINSON DRAINAGE LTD
J & G ENVIRONMENTAL LTD
LANSTAR HOLDINGS LTD
LANSTAR LTD
LLOYDS ENVIRONMENTAL WASTE MANAGEMENT LTD
Acquisition / Valuation Comments
This company has been established 71 years.
2 directors are over 70 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 £174.4m 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 24% return on total assets.
The company's value would increase by 30% if the proposed business plan was followed.
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