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Countrystyle recycling ltd
Registration Number
05103813Incorporation Date
16/04/2004Last Annual Return
Not availableAddress
Ridham Dock Ridham Dock Road, Iwade, Sittingbourne, Kent. ME9 8SR
Website
www.countrystylerecycling.co.ukAudit Fees
£23,000Secretary
Not available
Directors
Active
Mr Trevor Lewis Heathcote (60 yrs)
Active
Mr Martin Lewis Heathcote (30 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Apr-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 64934 | 70461 | 83867 | 100601 | 118709 |
| Directors Fees | 0 | 0 | 0 | 0 | 0 |
| Gross Profits | 16597 | 17151 | 19431 | 27612 | 32582 |
| Value Added | 22954 | 24299 | 24707 | 35627 | 42000 |
| Trading Profit | 10162 | 7012 | 3138 | 13102 | 17837 |
| Depreciation | 3823 | 3811 | 113 | 4373 | |
| Non-Trading Income | 0 | 0 | 6 | 360 | 0 |
| Total Interest Charges | 211 | 167 | 126 | 218 | 262 |
| Pre-tax Profit | 6128 | 3034 | 2905 | 8871 | 12327 |
| Retained Profit (Shareholders Funds) | 4871 | 2552 | 2305 | 6621 | 5323 |
| Fixed Assets | 22287 | 26815 | 24861 | 25809 | 30971 |
| Intangibles | 0 | 0 | 0 | 0 | 0 |
| Intermediate Assets | 393 | 393 | 393 | 1 | 1 |
| Stocks | 140 | 415 | 392 | 433 | 511 |
| Debtors | 10434 | 12398 | 12904 | 14933 | 17621 |
| Cash or Equivalent | 8728 | 8109 | 8153 | 15687 | 15777 |
| Total Current Assets | 19302 | 20922 | 21449 | 31053 | 33909 |
| Creditors | 7558 | 9634 | 8301 | 10612 | 14400 |
| Short Term Borrowing | 3716 | 6072 | 5225 | 3382 | 0 |
| Other Current Liabilities | 6087 | 6327 | 6040 | 8757 | 10508 |
| Total Current Liabilities | 17361 | 22033 | 19566 | 22751 | 24908 |
| Net Current Assets | 1941 | -1111 | 1883 | 8302 | 9001 |
| Shareholders Funds | 19255 | 21807 | 24112 | 30733 | 36056 |
| Total Loan Capital | 4663 | 3107 | 1279 | 115 | 0 |
| Other Capital Employed | 702 | 1183 | 1745 | 3264 | 3917 |
| Total Capital Employed | 24620 | 26097 | 27136 | 34112 | 39973 |
| Pretax Profit Margin % | 9.44 | 4.31 | 3.46 | 8.82 | 10.38 |
| Sales Growth % | 5 | 9 | 19 | 20 | 18 |
| Pretax Profit Growth % | 100 | -50 | -4 | 205 | 38.96 |
| Debtor Ratio Days | 58 | 64 | 56 | 54 | 54.0313913380583 |
| Creditor Ratio Days | 42 | 50 | 36 | 38 | 44.1564517251319 |
| Stock Turnover | 464 | 170 | 214 | 232 | 232.334872979215 |
| Sales £000 / Employee | 241 | 172 | 170 | 211 | 231.99392033543 |
| Value Added £000/Empl. | 85 | 59 | 50 | 75 | 82.0808016202965 |
| Av. Remun. £000 / Empl. | 48 | 42 | 44 | 47 | 47.2222222222222 |
| Total Empl. Remu. £000 | 12792 | 17287 | 21569 | 22525 | 24163.1818181818 |
| Employees | 269 | 410 | 493 | 477 | 511.690909090908 |
| Pretax Profit/Total Assets % | 15 | 6 | 6 | 16 | 19 |
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 20.0% in the latest year, well above the industry average of 3.2%.
- The company lies an excellent 2nd in terms of Total Sales in this industry.
- The company lies an excellent 2nd in terms of Pretax Profits in this industry. Up 3 places from last year.
- Sales per Employee is £211,000 which is well above the industry average of £170,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- The company has consistently improved sales growth over the last 4 years. The only company to do so.
- Pretax Profit Margin is 8.8% in the latest year, well above the industry average of 1.5%.
- Pretax Profit Margin has markedly improved from 3.5% to 8.8% in the latest year.
- Formal debt of the company has decreased by £3.0m, a fall of 46%.
- 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 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
Company Summary
The company currently has £101m sales and made £8.9m, by following the proposal plan, sales would rise to £119m and profits would rise to £12.3m.
Key Attractiveness Features
- ADD £101m TO SALES
- ATTRACTIVE PRICE
- FEW DIRECTORS
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-21 | 30-Apr-22 | 30-Apr-23 | 30-Apr-24 | 29-Apr-25 |
| Total Sales (£000) | 64934 | 70461 | 83867 | 100601 | 118709 |
| Pre-tax Profit (£000) | 6128 | 3034 | 2905 | 8871 | 12327 |
| Total Value (£000) | 64949 | 56026 | 53675 | 84821 | 112049 |
| Asset Value (£000) | 33254 | 40021 | 38550 | 41176 | 49104 |
| Goodwill (£000) | 31695 | 16005 | 15125 | 43645 | 62945 |
| Liabilities (£000) | -13998 | -18214 | -14437 | -10443 | -13048 |
| Equity Value (£000) | 50951 | 37812 | 39238 | 74378 | 99001 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
COUNTRYSTYLE GROUP LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
COUNTRYSTYLE RECYCLING (EAST) LTD
Acquisition / Valuation Comments
This company has been established 21 years.
The number of shareholders is low (1)
1 director is under 40 years of age.
The total value of the company is currently £84.8m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 19% return on total assets.
The company's value would increase by 32% if the proposed business plan was followed.
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