CONNOR SOLUTIONS LTD

One to watch in the UK Contract Electronics Manufacturing industry this month.

The following findings are taken from the Plimsoll Analysis and show why CONNOR SOLUTIONS LTD is one to watch in the UK Contract Electronics Manufacturing industry this month. According to the latest Plimsoll Analysis they are exceptional because of:

Their excellent financial health

The Plimsoll Analysis of CONNOR SOLUTIONS LTD shows:

The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
The company is the 10th largest in the market
The company is the 13th most profitable
It is one of the strongest in the UK market

Their attractiveness as an acquisition

Along with the UK's 192 other leading Contract Electronics Manufacturing, CONNOR SOLUTIONS 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
40 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 CONNOR SOLUTIONS LTD:

One of the 'Fastest Growing' companies.
Increasing sales and a healthy Plimsoll chart.
Pretax profits have risen 108% 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 £32.03 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)

CONNOR SOLUTIONS LTD

Registration Number:	03775671	Website:	www.connorsolutions.co.uk
Incorporation Date:	21/05/1999	Audit. Fees:	££29,000
Last Annual Return:		Secretary:	Mr Philip Cameron Hall

Registered Address:	Gadwall Road, Houghton Le Spring,
	Tyne And Wear.
	DH4 5NL

Directors

Mr Dermot John Guerin (62 yrs)

Electronics manufacturing subcontractor.

						PROPOSED YEAR

Period Ending	04-Apr-21	03-Apr-22	02-Apr-23	31-Mar-24	30-Mar-25	29-Mar-26
Weeks	53	52	52	52	52	52
£000
Total Sales	31741	25082	27195	29309	32030	35598
Directors Fees	184	153	152	160	131	157
Gross Profit	8538	7016	7623	7972	10156	11287
Value Added	9594	7769	8481	8683	10698	11514
Trading Profit	4063	2845	2719	2856	4466	5213
Depreciation	814	831	867	926	934	1121
Non-Trading Income	1	15	7	7	19	0
Total Interest Charges	140	148	275	411	373	448
Pretax Profit	3110	1881	1584	1526	3178	3644
Retained Proft (+ - Shareholders Funds)	1397	491	763	297	1778	1907

Fixed Assets	7992	7536	7670	7177	6586	7903
Intangibles	0	0	0	0	0	0
Intermediate Assets	0	0	0	0	0	0

Stocks	2030	3257	3657	2678	2549	2833
Debtors	3861	3659	3669	2567	3365	3740
Cash Or Equivalent	2719	3655	3714	5021	6761	3746
Total Current Assets	8610	10571	11040	10266	12675	10319
Creditors	4747	4961	4615	4290	3671	4692
Short Term Borrowing	2513	2979	3453	2208	1766	0
Oth.Curr.Liabilities	1734	1286	887	1495	1969	2363
Tot.Curr.Liabilities	8994	9226	8955	7993	7406	7055
Net Curr.Assets	-384	1345	2085	2273	5269	3264

Shareholders Funds	4609	5100	5863	6160	7938	9845
Total Loan Capital	1994	2639	2567	2075	2814	0
Other Capital Employed	7608	8882	9755	9450	11854	1322
Tot.Capt.Employed	7608	8882	9755	9450	11854	11167

Pretax Profit Margin %	9.80	7.50	5.82	5.21	9.92	10.24
Sales Growth %	29	-21	8	8	9	11
Pretax Profit Growth %		-40	-16	-4	108	15
Debtor Ratio Days	45	53	49	32	38	38
Creditor Ratio Days	55	72	62	53	42	48
Stock Turnover	16	8	7	11	13	13

Sales £000/Employee	167	139	139	158	178	196
Value Added £000/Empl.	50	43	43	47	59	63
Av. Remun. £000/Empl.	29	27	29	31	35	35
Total Empl. Remu. £000	5531	4924	5762	5827	6232	6301
Employees	190	180	196	186	180	182

Pretax Profit/Total Assets %	19	10	8	9	16	20

COMPANY SUMMARY

The Plimsoll Chart is high and rising indicating an improvement in financial strength, but below the industry average.
Total Sales have increased by 9.3% in the latest year, well above the industry average of -9.8%.
Gross Profit Margin is 31.7% in the latest year, well above the industry average of 26.1%.
Sales per Employee is £178,000 which is well above the industry average of £156,000.
The company is ranked among the fastest growing in terms of sales growth in the latest year.
Pretax Profit Margin is 9.9% in the latest year, well above the industry average of 3.6%.
Pretax Profit Margin has markedly improved from 5.2% to 9.9% 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 19 in terms of Trading Profits.
The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
The company is among the Top 29 Leaders in Efficiency.
The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).

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

CONNOR SOLUTIONS LTD- ACQUISITION ATTRACTIVENESS ANALYSIS

COMPANY SUMMARY:

The company currently has £32.0m sales and made £3.2m, by following the proposal plan, sales would rise to £35.6m and profits would rise to £3.6m.

KEY ATTRACTIVENESS FEATURES:

ADD £32.0m TO SALES
ATTRACTIVE RATING
FEW DIRECTORS
HIGH AVERAGE AGE

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:	03-Apr-22	02-Apr-23	31-Mar-24	30-Mar-25	29-Mar-26
Total Sales (£000):	25082	27195	29309	32030	35598
Pretax Profits (£000):	1881	1584	1526	3178	3644
Total value (£000):	25287	25016	22872	30815	35721
Asset value (£000):	14452	14996	12422	12500	14476
Goodwill (£000):	10835	10020	10450	18315	21245
Liabilities (£000):	-9353	-9133	-6262	-4561	-4631
Equity value (£000):	15934	15883	16610	26254	31090

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

Shareholders / Ownership:

CONNOR GROUP LTD (100.0%)

Immediate Shareholder: CONNOR GROUP LTD

Subsidiaries:

None

Acquisition / Valuation Comments:

This company has been established 27 years.

The number of shareholders is low (1).

1 director is over 60 years of age.

The value of the company has fluctuated in the last 2 years.

The total value of the company is currently £30.8m 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 20% return on total assets.

The company's value would increase by 16% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 23%.

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

What is the Plimsoll Analysis?

The Plimsoll Analysis brings together 5 years of financial data on the UK's leading 192 Contract Electronics Manufacturing 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 Contract Electronics Manufacturing 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

How to Order the Plimsoll Analysis

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