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Altro group ltd
Registration Number
01493087Incorporation Date
24/04/1980Last Annual Return
Not availableAddress
Works Road, Letchworth Garden City, Letchworth, Hertfordshire. SG6 1NW
Website
www.altro.co.ukAudit Fees
£137,000Secretary
Ms Fiona Patricia Graham Carey
Directors
Active
Mr Akash Mitter (44 yrs)
Active
Mr Edmond Patrick Boyle (74 yrs)
Active
Mr Michael Peter Fincham (87 yrs)
Active
Mr Andrew Latham Nelson (66 yrs)
Active
Mr Paul Lawrence Caller (61 yrs)
Active
Mr Richard Kahn (64 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) | 138221 | 146262 | 161804 | 173536 | 176053 |
| Directors Fees | 1735 | 1807 | 1852 | 1917 | 1917 |
| Gross Profits | 77321 | 76121 | 74062 | 92234 | 93572 |
| Value Added | 57242 | 55208 | 50377 | 63372 | 63296 |
| Trading Profit | 14858 | 12099 | 3338 | 11500 | 15456 |
| Depreciation | 4377 | 4121 | 3758 | 3528 | |
| Non-Trading Income | 73 | 129 | 521 | 846 | 0 |
| Total Interest Charges | 15 | 2 | 1 | 66 | 59 |
| Pre-tax Profit | 10539 | 8105 | 100 | 8752 | 12222 |
| Retained Profit (Shareholders Funds) | 9458 | 13205 | -8000 | -6464 | 5251 |
| Fixed Assets | 39733 | 37300 | 36719 | 36226 | 34415 |
| Intangibles | 1969 | 1763 | 1624 | 1416 | 1345 |
| Intermediate Assets | 594 | 689 | 735 | 828 | 787 |
| Stocks | 24578 | 30600 | 37650 | 32885 | 27802 |
| Debtors | 17433 | 17075 | 20358 | 17163 | 14800 |
| Cash or Equivalent | 34071 | 48677 | 30740 | 30066 | 43067 |
| Total Current Assets | 76082 | 96352 | 88748 | 80114 | 85669 |
| Creditors | 4932 | 6144 | 8976 | 7519 | 8772 |
| Short Term Borrowing | 2321 | 2679 | 2448 | 2872 | 0 |
| Other Current Liabilities | 13765 | 12494 | 11635 | 11303 | 11303 |
| Total Current Liabilities | 21018 | 21317 | 23059 | 21694 | 20075 |
| Net Current Assets | 55064 | 75035 | 65689 | 58420 | 65594 |
| Shareholders Funds | 96595 | 109800 | 101800 | 95336 | 100587 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 765 | 4987 | 2967 | 1554 | 1554 |
| Total Capital Employed | 97360 | 114787 | 104767 | 96890 | 102141 |
| Pretax Profit Margin % | 7.62 | 5.54 | 0.06 | 5.04 | 6.94 |
| Sales Growth % | -9 | 6 | 11 | 7 | 1 |
| Pretax Profit Growth % | 0 | -23 | -99 | 8652 | 40.00 |
| Debtor Ratio Days | 46 | 42 | 46 | 36 | 30.6001763322884 |
| Creditor Ratio Days | 13 | 15 | 20 | 16 | 18.1371784528859 |
| Stock Turnover | 6 | 5 | 4 | 5 | 6.3324676904364 |
| Sales £000 / Employee | 170 | 180 | 195 | 199 | 219.413333333334 |
| Value Added £000/Empl. | 71 | 68 | 61 | 73 | 78.8854680171076 |
| Av. Remun. £000 / Empl. | 52 | 53 | 57 | 60 | 59.6229885057471 |
| Total Empl. Remu. £000 | 42384 | 43109 | 47039 | 51872 | 47840.2014378787 |
| Employees | 811 | 811 | 830 | 870 | 802.378455639931 |
| Pretax Profit/Total Assets % | 9 | 6 | 0 | 7 | 10 |
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 7.3% in the latest year, well above the industry average of -4.8%.
- The company lies an excellent 4th in terms of Total Sales in this industry.
- The company lies an excellent 4th in terms of Pretax Profits in this industry. Up 40 places from last year.
- Gross Profit Margin is 53.2% in the latest year, well above the industry average of 28.7%.
- The average salary is £60,000 which is well above the industry average of £45,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Exports contribute 49% towards the Total Sales of the company.
- Pretax Profit Margin is 5.0% in the latest year, well above the industry average of 4.1%.
- Pretax Profit Margin has markedly improved from 0.1% to 5.0% 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 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 14 in terms of Value Added.
Company Summary
The company currently has £174m sales and made £8.8m, by following the proposal plan, sales would be level but profits would rise to £12.2m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £174m TO SALES
- 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-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 138221 | 146262 | 161804 | 173536 | 176053 |
| Pre-tax Profit (£000) | 10539 | 8105 | 100 | 8752 | 12222 |
| Total Value (£000) | 145387 | 136352 | 104246 | 137963 | 150139 |
| Asset Value (£000) | 84307 | 87427 | 97086 | 88518 | 79149 |
| Goodwill (£000) | 61080 | 48925 | 7160 | 49445 | 70990 |
| Liabilities (£000) | 12288 | 22373 | 4714 | 6818 | 21438 |
| Equity Value (£000) | 157675 | 158725 | 108960 | 144781 | 171577 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
Not available
Immediate Shareholder: See Shareholders
Subsidiaries
ALTRO LTD
ALTROFIX LTD
THE ALTRO GROUP TRUSTEES LTD
Acquisition / Valuation Comments
This company has been established 45 years.
2 directors are over 70 years of age.
The total value of the company is currently £138.0m 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 24%.
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