HODGE CLEMCO LTD

One to watch in the UK Asbestos Equipment & Consumables industry this month.

The following findings are taken from the Plimsoll Analysis and show why HODGE CLEMCO LTD is one to watch in the UK Asbestos Equipment & Consumables industry this month. According to the latest Plimsoll Analysis they are exceptional because of:

Their excellent financial health

The Plimsoll Analysis of HODGE CLEMCO LTD shows:

The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
The company is the 9th largest in the market
The company is the 6th most profitable
It is one of the strongest in the UK market

Their attractiveness as an acquisition

Along with the UK's 34 other leading Asbestos Equipment & Consumables, HODGE CLEMCO LTD has been rated on it acquisition attractiveness:

The company could command a price premium
It has been rated on 9 specific acquisition criteria
It does however have the resources to be on the lookout for acquisitions
6 companies are ripe for takeover according to the Plimsoll Analysis

Plus some of its other key achievements this year

The Plimsoll Analysis reveals the true performance of each company. Here are some other key findings for HODGE CLEMCO LTD:

One of the 'Fastest Growing' companies.
Increasing sales and a healthy Plimsoll chart.
Pretax profits have risen 235% in the latest year.
One of the 'Most Profitable' companies.
Listed in 'Pre-tax Profit Return on Owners Funds'.
Generates an excellent profit on total assets.
One of the best in terms of sales per employee.
The value of the company has increased in the latest year.
Has a big difference between future and current value.
Latest sales are £18.67 million

6 Charts

The 6 charts measure sales growth, return on assets, profitability, debt, and cover for creditors. A rising line is good and a falling line is bad.

Company Details

The page shows the registered office, auditor's details and the key board member.

Plimsoll Chart

The Plimsoll Chart is the overall measure of the change in a companies financial performance. A high and rising line indicates the company is STRONG.

Company Summary

Written commentary is provided detailing key findings including current ranking and any special achievements.

Financial Data

5 years' worth of financial data is provided on each company.

Future Year

Projected Future Year – we estimate how the company could improve its overall value and financial stability.

SALES GROWTH

(% Change in Sales Year On Year)

TRADING STABILITY

(Sales Return On Total Assets)

RETAINED PROFITABILITY

(Retained Profit Return On Total Assets)

WORKING CAPITAL

(Repay Debt Without Selling Fixed Assets)

GEARING

(How Much is Owned By The Shareholders)

IMMEDIATE LIQUIDITY

(Immediate Cover For Trade Creditors)

PLIMSOLL CHART

(Overall Financial Health)

HODGE CLEMCO LTD

Registration Number:	00626216	Website:	www.hodgeclemco.co.uk
Incorporation Date:	20/04/1959	Audit. Fees:	££14,000
Last Annual Return:		Secretary:	Not available

Registered Address:	36 Orgreave Drive, Sheffield,
	South Yorkshire.
	S13 9NR

Directors

Mr Michael Currie (52 yrs)
Mr Christopher Alden Pierce (47 yrs)
Mr Sean Wieland (39 yrs)

Mr John Robert Dodge (49 yrs)
Ms Claire Twibell
Ms Katherine Yang (41 yrs)

The supply of abrasive blasting machines and accessories, blast rooms and cabinets.

						PROPOSED YEAR

Period Ending	31-Mar-20	31-Mar-21	31-Dec-21	31-Dec-22	31-Dec-23	29-Dec-24
Weeks	52	52	39	52	52	52
£000
Total Sales	16137	14139	13309	17161	18671	20642
Directors Fees	95	84	37	276	109	131
Gross Profit	4665	4174	3197	5460	7239	8003
Value Added	3831	4236	-427	3946	5377	6195
Trading Profit	912	1414	-2312	740	1979	2780
Depreciation	195	227	165	213	221	265
Non-Trading Income	0	0	0	0	6	0
Total Interest Charges	0	0	0	0	0	0
Pretax Profit	717	1187	-2477	527	1764	2515
Retained Proft (+ - Shareholders Funds)	490	848	-2140	394	1585	1058

Fixed Assets	3026	2945	642	504	551	661
Intangibles	0	0	0	0	0	0
Intermediate Assets	0	0	0	0	0	0

Stocks	2626	2781	3411	2938	2597	2871
Debtors	3051	2850	2584	2755	2712	2998
Cash Or Equivalent	2066	3213	2042	3094	4964	6047
Total Current Assets	7743	8844	8037	8787	10273	11916
Creditors	1398	1817	1679	1438	1949	2478
Short Term Borrowing	1172	760	491	539	10	0
Oth.Curr.Liabilities	989	1160	682	1092	970	1164
Tot.Curr.Liabilities	3559	3737	2852	3069	2929	3642
Net Curr.Assets	4184	5107	5185	5718	7344	8274

Shareholders Funds	7119	7967	5827	6221	7806	8864
Total Loan Capital	0	0	0	0	30	0
Other Capital Employed	7211	8051	5827	6221	7895	71
Tot.Capt.Employed	7211	8051	5827	6221	7895	8935

Pretax Profit Margin %	4.44	8.40	-18.61	3.07	9.45	12.18
Sales Growth %	3	-12	-6	29	9	11
Pretax Profit Growth %		66	-309	121	235	43
Debtor Ratio Days	69	73	53	58	53	53
Creditor Ratio Days	32	47	34	31	38	44
Stock Turnover	6	5	4	6	7	7

Sales £000/Employee	210	196	182	220	246	270
Value Added £000/Empl.	50	59	-6	51	71	81
Av. Remun. £000/Empl.	38	39	26	41	45	45
Total Empl. Remu. £000	2919	2822	1885	3206	3398	3415
Employees	77	72	73	78	76	76

Pretax Profit/Total Assets %	7	10	-29	6	16	20

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 8.8% in the latest year, well above the industry average of 1.1%.
Gross Profit Margin is 38.8% in the latest year, well above the industry average of 30.0%.
Gross Profit Margin has markedly improved from 31.8% to 38.8% in the latest year.
Sales per Employee is £246,000 which is well above the industry average of £208,000.
The company is ranked among the fastest growing in terms of sales growth in the latest year.
Pretax Profit Margin is 9.4% in the latest year, well above the industry average of 6.4%.
Pretax Profit Margin has markedly improved from 3.1% to 9.4% in the latest year.
Formal debt of the company has decreased by £499,000, a fall of 93%.
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 among the Top 2 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).

Key Attractiveness features

Key reasons to accquire this company are highlighted

Acquisition Attractiveness Rating

Each company gets a 9 point takeover checklist designed to pick out targets with the most potential

Overall Rating Chart

This chart shows how attractive a company is. The higher the chart the better the takeover

Company Valuation

Each company is givenan overall value and a value after liabilities for each of the last 4 years

Company Trend

This chart shows the trend in a companies value over the past 4 years

Comments

A description of the factors affecting valuation and attractiveness is provided for each company

HODGE CLEMCO LTD- ACQUISITION ATTRACTIVENESS ANALYSIS

COMPANY SUMMARY:

The company currently has £18.7m sales and made £1.8m, by following the proposal plan, sales would rise to £20.6m and profits would rise to £2.5m.

KEY ATTRACTIVENESS FEATURES:

ADD £18.7m TO SALES
ATTRACTIVE PRICE

Acquisition Attractiveness Rating: ( Meets criteria Does not meet criteria)

Criteria

Sales growth above the industry average
Low financial rating
High gross earnings")
Low number of shareholders
Big difference between current and future value
Directors fees represent high proportion of profits
Average age of directors is high
Company is privately owned
Low number of directors

Acquisition Rating

HIGHLY ATTRACTIVE
WORTH CONSIDERING
UNATTRACTIVE

Company Valuation:

					♦
					Proposed Yr
Year end:	31-Mar-21	31-Dec-21	31-Dec-22	31-Dec-23	29-Dec-24
Total Sales (£000):	14139	13309	17161	18671	20642
Pretax Profits (£000):	1187	-2477	527	1764	2515
Total value (£000):	14931	0	10212	15195	19760
Asset value (£000):	8576	6637	6197	5860	6530
Goodwill (£000):	6355	-6637	4015	9335	13230
Liabilities (£000):	-608	-810	25	1946	2334
Equity value (£000):	14323	-810	10237	17141	22094

Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus
(Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)

Shareholders / Ownership:

SURFACEPREP UK LTD (100.0%)

Immediate Shareholder: SURFACEPREP UK LTD

Subsidiaries:

WOLVERHAMPTON ABRASIVES LTD

Acquisition / Valuation Comments:

This company has been established 66 years.

The number of shareholders is low (1)

1 director is under 40 years of age.

The total value of the company is currently £15.2m including debts.

The equity value is high, indicating low levels of total liabilities.

The proposed year is based on achieving a 20% return on total assets.

The company's value would increase by 30% if the proposed business plan was followed.

Google search for more info:www.google.co.uk/search?q=HODGE+CLEMCO

What is the Plimsoll Analysis?

The Plimsoll Analysis brings together 5 years of financial data on the UK's leading 34 Asbestos Equipment & Consumables companies and produces a graphical and written study of their financial health, overall value and attractiveness for takeover. Once we have individually assessed the companies we categorise them based on different criteria. Our rankings are not available anywhere else and will show you:

The most profitable
The best acquisition
The best performers
The companies in Danger

The most improved
The cash rich
The fastest growing
The biggest threats

The loss makers
The most productive
The fastest shrinking
And much more

The analysis also splits the companies by region, size, turnover and much more giving you the most complete and convenient study of the market possible.

What can I do with it?

Since its launch in 1987, the Plimsoll Analysis has been used by senior decision makers to give them the inside track on what's going on in the Asbestos Equipment & Consumables industry. We lay out our findings on each company using easy to understand charts and simple written statements so you can easily:

Benckmark your own performance
Pick out "hot" acquisition prospects

See what the STRONG are doing
Spot rivals heading for failure

Monitor up and coming threats
Keep up to date with changes

What do I get on each company?

On each company you will receive:

A unique financial health assessment
A 9 point acquisition checklist

A graphical performance rating
An independent valuation

An acquisition attractiveness rating
Written summary of key findings

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