MILLCROFT SERVICES P.L.C.

One to watch in the UK Scaffolding Contractors industry this month.

The following findings are taken from the Plimsoll Analysis and show why MILLCROFT SERVICES P.L.C. is one to watch in the UK Scaffolding Contractors industry this month. According to the latest Plimsoll Analysis they are exceptional because of:

Their excellent financial health

The Plimsoll Analysis of MILLCROFT SERVICES P.L.C. shows:

The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
The company is the 36th largest in the market
The company is the 16th most profitable
It is one of the strongest in the UK market

Their attractiveness as an acquisition

Along with the UK's 1756 other leading Scaffolding Contractors, MILLCROFT SERVICES P.L.C. 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
417 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 MILLCROFT SERVICES P.L.C.:

Increasing sales and a healthy Plimsoll chart.
Pretax profits have risen 26% in the latest year.
One of the 'Most Profitable' companies.
Total sales have risen 11% in the latest year.
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.
Has a big difference between future and current value.
Latest sales are £16.33 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)

MILLCROFT SERVICES P.L.C.

Registration Number:	01081971	Website:	www.millcroft.co.uk
Incorporation Date:	15/11/1972	Audit. Fees:	££10,000
Last Annual Return:		Secretary:	Ms Lucy Jones

Registered Address:	Upper Deck Admirals Quarters, Portsmouth Road,
	Thames Ditton, Surrey.
	KT7 0XA

Directors

Mr Billy Jones (47 yrs)
Sam Jones (43 yrs)

Mr Roy Frederick Jones (79 yrs)
Mr Mark Stimpson (64 yrs)

The provision of supply of scaffolding and construction services.

						PROPOSED YEAR

Period Ending	31-Dec-20	31-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	30-Dec-25
Weeks	52	52	52	52	52	52
£000
Total Sales	7583	10981	11726	14711	16328	18482
Directors Fees	269	244	227	187	122	146
Gross Profit	1907	3278	3592	5237	6156	6968
Value Added	1244	2592	2689	4544	5179	6453
Trading Profit	306	1514	1561	3257	3988	5231
Depreciation	455	399	406	446	499	599
Non-Trading Income	0	593	1	0	5	0
Total Interest Charges	33	39	82	123	96	115
Pretax Profit	-182	1669	1074	2688	3398	4517
Retained Proft (+ - Shareholders Funds)	-443	4759	337	-28	1478	2039

Fixed Assets	4004	9217	9021	9098	9037	10844
Intangibles	0	0	0	0	0	0
Intermediate Assets	200	165	165	165	165	198

Stocks	0	0	0	0	0	0
Debtors	551	1001	1143	614	1032	1168
Cash Or Equivalent	2414	2429	3203	3649	4253	3922
Total Current Assets	2965	3430	4346	4263	5285	5090
Creditors	731	797	869	1083	1014	1320
Short Term Borrowing	364	569	723	661	408	0
Oth.Curr.Liabilities	750	419	628	793	883	1060
Tot.Curr.Liabilities	1845	1785	2220	2537	2305	2380
Net Curr.Assets	1120	1645	2126	1726	2980	2710

Shareholders Funds	3557	8316	8653	8625	10103	12142
Total Loan Capital	1408	1511	1470	985	737	0
Other Capital Employed	5324	11028	11312	10988	12182	1610
Tot.Capt.Employed	5324	11028	11312	10988	12182	13752

Pretax Profit Margin %	-2.40	15.20	9.16	18.27	20.81	24.44
Sales Growth %	-31	45	7	25	11	13
Pretax Profit Growth %		1017	-36	150	26	33
Debtor Ratio Days	26	33	35	15	23	23
Creditor Ratio Days	35	26	27	27	23	26
Stock Turnover	NA	NA	NA	NA	NA	NA

Sales £000/Employee	112	146	133	175	212	233
Value Added £000/Empl.	18	35	31	54	67	82
Av. Remun. £000/Empl.	14	14	13	15	15	15
Total Empl. Remu. £000	938	1078	1128	1287	1191	1222
Employees	68	75	88	84	77	79

Pretax Profit/Total Assets %	-3	13	8	20	23	28

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 11.0% in the latest year, well above the industry average of 4.9%.
Gross Profit Margin is 37.7% in the latest year, well above the industry average of 31.1%.
Sales per Employee is £212,000 which is well above the industry average of £160,000.
The company is ranked among the fastest growing in terms of sales growth in the latest year.
Pretax Profit Margin is 20.8% in the latest year, well above the industry average of 8.5%.
Shareholders received £1.1m in dividends this year, over 31% of the pretax profits of the company.
Formal debt of the company has decreased by £501,000, a fall of 30%.
The Trading Stability chart shows a well below average sales return on total assets 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 18 companies listed as a Best Trading Partner (see section 1c).
The company is among the Top 21 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 37 Leaders in Efficiency.

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

MILLCROFT SERVICES P.L.C.- ACQUISITION ATTRACTIVENESS ANALYSIS

COMPANY SUMMARY:

The company currently has £16.3m sales and made £3.4m, by following the proposal plan, sales would rise to £18.5m and profits would rise to £4.5m.

KEY ATTRACTIVENESS FEATURES:

ADD £16.3m TO SALES
FEW DIRECTORS
HIGH DIVIDEND

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-Dec-21	31-Dec-22	31-Dec-23	31-Dec-24	30-Dec-25
Total Sales (£000):	10981	11726	14711	16328	18482
Pretax Profits (£000):	1669	1074	2688	3398	4517
Total value (£000):	17178	17239	24867	28289	36100
Asset value (£000):	10383	10329	9877	10234	12210
Goodwill (£000):	6795	6910	14990	18055	23890
Liabilities (£000):	-2068	-1676	-1251	-131	-68
Equity value (£000):	15110	15563	23616	28158	36032

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

Shareholders / Ownership:

MILLCROFT HOLDINGS LTD (91.2%)

MS LUCY JONES (8.8%)

Immediate Shareholder: MILLCROFT HOLDINGS LTD

Subsidiaries:

None

Acquisition / Valuation Comments:

This company has been established 54 years.

The number of shareholders is low (2).

1 director is over 70 years of age.

The value of the company has risen in each of the last 2 years.

The total value of the company is currently £28.3m including debts.

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

The proposed year is based on achieving a 28% return on total assets.

The company's value would increase by 28% if the proposed business plan was followed.

The proposed plan would improve the overall financial strength of the company by 25%.

Google search for more info:www.google.co.uk/search?q=MILLCROFT+SERVICES+P.

What is the Plimsoll Analysis?

The Plimsoll Analysis brings together 5 years of financial data on the UK's leading 1756 Scaffolding Contractors 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 Scaffolding Contractors 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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