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Pearl yachts ltd
Registration Number
08068803Incorporation Date
15/05/2012Last Annual Return
Not availableAddress
Unit 4, St. Georges Business Park, Warwick, Warwickshire. CV34 5DR
Website
www.pearlyachts.comAudit Fees
£18,000Secretary
Not available
Directors
Active
Cenk Efe Yavuz (55 yrs)
Active
Mr Iain Peter Smallridge (55 yrs)
Active
Mr Paul Christopher Hannah (60 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Jul-21 | 31-Jul-22 | 31-Jul-23 | 31-Dec-24 | 03-Jun-26 |
| Weeks | 52 | 52 | 52 | 74 | 74 |
| Total Sales (£000) | 22848 | 17707 | 23100 | 49097 | 57934 |
| Directors Fees | 0 | 333 | 342 | 699 | 839 |
| Gross Profits | 6343 | 5107 | 5701 | 13313 | 15709 |
| Value Added | NA | 2735 | 1844 | 5590 | 7547 |
| Trading Profit | 1864 | 2158 | 1211 | 4291 | 6154 |
| Depreciation | 14 | 221 | 306 | 642 | |
| Non-Trading Income | 0 | 0 | 15 | 143 | 0 |
| Total Interest Charges | 0 | 0 | 0 | 0 | 0 |
| Pre-tax Profit | 1850 | 1937 | 920 | 3792 | 5384 |
| Retained Profit (Shareholders Funds) | 2250 | 2003 | 919 | 793 | 2275 |
| Fixed Assets | 377 | 1164 | 1407 | 1366 | 1639 |
| Intangibles | 0 | 631 | 742 | 736 | 883 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 2330 | 10238 | 7129 | 6135 | 7239 |
| Debtors | 1442 | 10 | 9703 | 8114 | 9575 |
| Cash or Equivalent | 9541 | 6079 | 6747 | 9313 | 10573 |
| Total Current Assets | 13313 | 16327 | 23579 | 23562 | 27387 |
| Creditors | 904 | 577 | 1064 | 875 | 1187 |
| Short Term Borrowing | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0 | 2755 | 8955 | 8288 | 9946 |
| Total Current Liabilities | 904 | 3332 | 10019 | 9163 | 11133 |
| Net Current Assets | 12409 | 12995 | 13560 | 14399 | 16254 |
| Shareholders Funds | 12786 | 14789 | 15708 | 16501 | 18776 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 0 | 0 | 0 |
| Total Capital Employed | 12786 | 14789 | 15708 | 16501 | 18776 |
| Pretax Profit Margin % | 8.1 | 10.94 | 3.98 | 7.72 | 9.29 |
| Sales Growth % | NA | -23 | 30 | 113 | 18 |
| Pretax Profit Growth % | NA | 5 | -53 | 312 | 41.98 |
| Debtor Ratio Days | 23 | 0 | 153 | 86 | 85.6071043037253 |
| Creditor Ratio Days | 14 | 12 | 17 | 9 | 10.6164836955415 |
| Stock Turnover | 10 | 2 | 3 | 8 | 8.0027709861451 |
| Sales £000 / Employee | 3808 | 2951 | 3300 | 24549 | 27003.35 |
| Value Added £000/Empl. | NA | 456 | 263 | 2795 | 3517.6694915255 |
| Av. Remun. £000 / Empl. | NA | 96 | 90 | 650 | 649.5 |
| Total Empl. Remu. £000 | NA | 577 | 633 | 1299 | 1393.4727272727 |
| Employees | 6 | 6 | 7 | 2 | 2.1454545454545 |
| Pretax Profit/Total Assets % | 14 | 11 | 4 | 15 | 18 |
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 112.5% in the latest year, well above the industry average of 4.5%.
- Sales per Employee is £24.5m which is well above the industry average of £197,000.
- The average salary is £650,000 which is well above the industry average of £62,000.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin has markedly improved from 4.0% to 7.7% in the latest year.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- NOTE THAT SOME ACCOUNTING PERIODS ARE NOT 52 WEEKS (* INDICATES THE AFFECTED CHARTS)
- The company is the only Best Trading Partner in this industry (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 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 21 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £49.1m sales and made £3.8m, by following the proposal plan, sales would rise to £57.9m and profits would rise to £5.4m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £49.1m 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 | 31-Jul-21 | 31-Jul-22 | 31-Jul-23 | 31-Dec-24 | 03-Jun-26 |
| Total Sales (£000) | 22848 | 17707 | 23100 | 49097 | 57934 |
| Pre-tax Profit (£000) | 1850 | 1937 | 920 | 3792 | 5384 |
| Total Value (£000) | 13399 | 23393 | 25216 | 38091 | 50451 |
| Asset Value (£000) | 4149 | 12043 | 18981 | 16351 | 19336 |
| Goodwill (£000) | 9250 | 11350 | 6235 | 21740 | 31115 |
| Liabilities (£000) | 8637 | 2747 | -3272 | 150 | -560 |
| Equity Value (£000) | 22036 | 26140 | 21944 | 38241 | 49891 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
MS MARGARET GLYNIS WHITTAKER (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 13 years.
The number of shareholders is low (1)
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 £38.1m 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 18% return on total assets.
The company's value would increase by 32% if the proposed business plan was followed.
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