UK Data Ltd Full Report

ALAMO GROUP (EUR) LIMITED

Statutory Information
Previous Name(s):

DEALPLOT LIMITED (until  22/11/1991)
Registered Number: 02649656
Incorporation Date: 27/09/1991
Registered Office: ALAMO GROUP EUR LIMITED
  STATION ROAD SALFORD PRIORS
  EVESHAM
  WORCESTERSHIRE
  WR11 8SW
Latest Filed Accounts: 31/12/2002 Date Accounts Lodged: 30/10/2003
Analysed Accounts: 31/12/2002 Accounts Ref. Date: 31/12
Latest Annual Return: 25/07/2004 Issued Capital:  (GBP) 2,758,745
Company Status: Large Type of Accounts: Group

Directory Information

Trading Address: -
Telephone Number: 01789773383 Fax Number: -
Region: WEST MIDLANDS
Bankers: 30-00-03 LLOYDS TSB BANK PLC 
Auditors: Ernst & Young LLP
Audit Opinion or Qualification: The Auditors have expressed a clean opinion (i.e. unqualified with no referrals) on the accounts for the period ended 31/12/2002.
Principal Activities: A group engaged in the design, manufacture and marketing of agricultural and industrial machinery.

UK SIC Code(s): 29320 Manufacture of other agricultural and forestry machinery

Risk Information

Risk Score

Credit Limit (GBP)
Todays: 94 Todays: 3,000,000
until: 23/09/2004 until: 23/09/2004
Previous: 91 Previous: 3,000,000
Historical Trend Contract Limit (GBP): 11,000,000
31/12/2002 94  
31/12/2001 92  
31/12/2000 91  
31/12/1999 72  
Score Key
1 - 40 Caution. High Risk Potential.
41 - 50 Caution. Moderate Risk Potential. Measured Exposure.
51 - 57 Normal. Limited Risk Potential. Normal Terms.
58 - 100 Confidence. Low Risk Potential.

The period to 31/12/2002 saw a significant increase in Sales from £28,372,000 to £32,165,000.

Pre-Tax Profits increased from £2,556,000 to £3,265,000.

The resultant Profit Margin of 10.15% (previous = 9.01%) compares favourably with the industry average of 2.26%.

The company is performing better than at least 75% of the companies in this sector.

Shareholders Funds increased from £18,563,000 to £20,860,000, whilst Total Assets increased from £28,283,000 to £32,989,000.

The resultant Gearing Ratio of 0.63 (Previous = 0.66) compares favourably with the industry average of 0.49.
County Court Judgments Summary: Number of exact unsatisfied CCJs:  None
  Number of probable unsatisfied CCJs:  None
  Number of possible unsatisfied CCJs:  None

Ownership
Group Structure
Holding Company: Alamo Group Inc. [United States of America]
Ultimate Holding Company: ALAMO GROUP INC. [United States of America]

All immediate shareholdings on UK Data Ltd's Database by Turnover
Name Share Class % Held Sales ('000) A/c Date Status
BOMFORD TURNER LIMITED ORDINARY 100.00 10,767 31/12/2002 Trading
MCCONNEL LIMITED ORDINARY 100.00 10,712 31/12/2002 Trading
Share Capital Structure
Class of Shares Par Value (pence) Number of Shares Issued Capital
ORDINARY 100.000 2758745 2,758,745
Total Issued Capital £2,758,745
Shareholders
Shareholder Name & Address Share Class No. of Shares Issued Capital (£) Shareholding No.

Alamo Group Inc.

1502 East Walnut Street,

Seguin,

Texas

          

          

ORDINARY 2,758,745 2,758,745 1

Profit & Loss Account
Date of Accounts 31/12/2002 31/12/2001 31/12/2000 31/12/1999 31/12/1998
Consolidated Y Y Y Y Y
Subsidiary Y Y Y Y Y
No. of Weeks 52 52 52 52 52
Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)
Audit Qual./Comment No No No No No
   
Turnover [1] 32,165 28,372 27,131 26,804 25,770
Cost of Sales 21,286 18,807 17,841 17,961 16,576
Gross Profit 10,879 9,565 9,290 8,843 9,194
Operating Profit [2] 3,616 2,963 2,955 3,082 3,515
Non-Trading Income -80 -84 17 -31 -150
Interest Payable 271 323 261 309 389
Pre-Tax Profit 3,265 2,556 2,711 2,742 2,976
Taxation 1,095 891 957 1,025 1,113
Profit After Tax 2,170 1,665 1,754 1,717 1,863
Retained Profit 2,169 1,647 1,742 1,717 1,863
   
Value Added 12,333 10,860 10,466 9,968 10,523

Balance Sheet
Date of Accounts 31/12/2002 31/12/2001 31/12/2000 31/12/1999 31/12/1998
Consolidated Y Y Y Y Y
Subsidiary Y Y Y Y Y
No. of Weeks 52 52 52 52 52
Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)
   
Tangible Fixed Assets [3] 7,042 6,004 5,745 2,229 2,310
Intangible Assets 2,638 2,535 2,912 2,953 3,444
Total Fixed Assets 9,680 8,539 8,657 5,182 5,754
   
Stocks 6,931 6,315 6,332 4,953 7,285
Trade Debtors 7,993 5,773 6,105 5,626 4,614
Cash 1,888 1,576 2,279 3,447 3,334
Miscellaneous Current Assets [4] 6,497 6,080 4,205 5,888 3,667
Total Current Assets 23,309 19,744 18,921 19,914 18,900
   
Creditors: Amounts falling due within 1 year [5] 9,199 7,049 8,102 7,505 8,432
   
Total Assets less Current Liabilities 23,790 21,234 19,476 17,591 16,222
   
Total Liabilities 12,129 9,720 10,643 9,908 11,113
   
Share Capital & Reserves [7] 2,759 2,759 2,759 2,759 2,759
P & L Account Reserve 18,101 15,804 14,176 12,429 10,782
Revaluation Reserve 0 0 0 0 0
Shareholders Funds 20,860 18,563 16,935 15,188 13,541
Capital Employed 23,790 21,234 19,476 17,591 16,222
   
Net Worth 18,222 16,028 14,023 12,235 10,097
Working Capital 14,110 12,695 10,819 12,409 10,468
   
Contingent Liabilities - - 0 0 0

Cash Flow
Date of Accounts 31/12/2002 31/12/2001 31/12/2000 31/12/1999 31/12/1998
Consolidated Y Y Y Y Y
Subsidiary Y Y Y Y Y
No. of Weeks 52 52 52 52 52
Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)
   
Net Cash Flow from Operating Activities - - - - -
Net Cash Flow from Return on Investment and Servicing of Finance - - - - -
Net Cash Flow before Financing - - - - -
Net Cash Flow from Financing - - - - -
Increase in cash - - - - -

Account Notes
Date of Accounts 31/12/2002 31/12/2001 31/12/2000 31/12/1999 31/12/1998
Consolidated Y Y Y Y Y
Subsidiary Y Y Y Y Y
No. of Weeks 52 52 52 52 52
Currency (GBP '000) (GBP '000) (GBP '000) (GBP '000) (GBP '000)
   
[2] Operating Profit is after charging the following  
Employees Remuneration 7,388 6,699 6,424 5,892 5,972
Directors Remuneration 219 206 211 169 176
Audit Fees 81 69 67 49 54
Non-Audit Fees 28 22 6 7 18
Depreciation 561 501 419 381 415
   
Average Number of Employees (actual) 389 357 364 341 353
   
[3] Tangible Assets consist of  
Fixed Assets 7,042 6,004 5,745 2,229 2,310
Intermediate Assets 0 0 0 0 0
which includes:  
-Due from Group, Non-Current 0 0 0 0 0
   
[4] Miscellaneous Current Assets includes:  
-Due from Group, Current 5,809 5,620 3,478 5,422 3,140
   
[5] Creditors: Amounts falling due within one year consists of:  
Trade Creditors 3,839 2,797 2,860 2,381 2,606
a Bank Overdraft 162 558 1,947 1,742 2,119
Miscellaneous Current Liabilities includes: 5,198 3,694 3,295 3,382 3,707
b -Bank Loans - Current Portion 0 0 0 0 0
c Other Short-Term Finance, including: 1,998 1,867 1,668 1,926 1,861
-Due to Group, Current 1,875 1,766 1,662 1,897 1,840
-Due to Directors, Current 0 0 0 0 0
   
Short-Term Loans (a+b+c) 2,160 2,425 3,615 3,668 3,980
   
[6] Total Long-Term Liabilities consists of:  
Long-Term Loans, which consists of: 2,117 2,115 1,822 1,835 2,091
-Long-Term Bank Loans 0 0 0 84 111
-Other Long-Term Finance including: 2,117 2,115 1,822 1,751 1,980
-Due to Group, Non-Current 1,826 1,714 1,760 1,751 1,980
-Due to Directors, Non-Current 0 0 0 0 0
Other Long-Term Liabilities 813 556 719 568 590
   
[7] Share Capital and Reserves consists of:  
Called-up Share Capital 2,759 2,759 2,759 2,759 2,759
Sundry Reserves 0 0 0 0 0

Ratios
Date of Accounts 31/12/2002 31/12/2001 31/12/2000 31/12/1999 31/12/1998
Acid Ratio 1.78 1.91 1.55 1.99 1.38
Profit/Capital Employed 13.72 12.04 13.92 15.59 18.35
Current Liquidity 2.53 2.80 2.34 2.65 2.24
Profit/Sales (%) 10.15 9.01 9.99 10.23 11.55
Interest Burden 7.66 11.22 8.78 10.13 11.56
Stock Turnover (days) 78.65 81.24 85.19 67.45 103.18
Days Sales Outstanding (DSO) 90.70 74.27 82.13 76.61 65.35
Cash Cycle (days) 169.35 155.51 167.32 144.06 168.53
Days Purchases Outstanding (DPO) 65.83 54.28 58.51 48.39 57.38
Creditor Days 43.56 35.98 38.48 32.42 36.91
Profit/Total Assets (%) 9.90 9.04 9.83 10.93 12.07
Profit/ Shareholders Funds (%) 15.65 13.77 16.01 18.05 21.98
Sales/Total Assets (%) 97.50 100.31 98.38 106.81 104.53
Sales/Fixed Assets 4.57 4.73 4.72 12.03 11.16
Working Capital/Sales (%) 43.87 44.74 39.88 46.30 40.62
Total Debt/Net worth (%) 23.47 28.33 38.77 44.98 60.13
Shareholders Funds/Total Assets 0.63 0.66 0.61 0.61 0.55
Long-term Debt/Net Worth (%) 11.62 13.20 12.99 15.00 20.71
Interest/Pre-interest Profit 7.66 11.22 8.78 10.13 11.56
Total Debt/Working Capital (%) 0.30 0.36 0.50 0.44 0.58
Average Employee Remuneration (£) 18,992 18,765 17,648 17,279 16,918
Wages/Sales (%) 22.97 23.61 23.68 21.98 23.17
Profit per Employee (£) 8,393 7,160 7,448 8,041 8,431
Sales per Employee (£) 82,686 79,473 74,536 78,604 73,003
Capital Employed per Employee (£) 61,157 59,479 53,505 51,587 45,955
Total Fixed Assets per Employee (£) 24,884 23,919 23,783 15,196 16,300
Total Assets per Employee (£) 84,805 79,224 75,764 73,595 69,841
Creditors/Debtors 0.48 0.48 0.47 0.42 0.56
Debtors/Total Assets (%) 24.23 20.41 22.14 22.42 18.72
Current Liabilities/Stocks 1.33 1.12 1.28 1.52 1.16
Exports/Sales (%) - - - - -
Sales/Audit Fees 397.10 411.19 404.94 547.02 477.22
Total Assets/ Audit Fees 407.27 409.90 411.61 512.16 456.56

Growth Rates
  1 year 2 year 3 year 4 year
Turnover 13.4 18.6 20.0 24.8
Pre-tax Profit 27.7 20.4 19.1 9.7
Audit Fees 17.4 20.9 65.3 50.0
Directors Remuneration 6.3 3.8 29.6 24.4
Number of Employees 9.0 6.9 14.1 10.2
Employees Remuneration 10.3 15.0 25.4 23.7
Fixed Assets 17.3 22.6 215.9 204.8
Tangible Assets 17.3 22.6 215.9 204.8
Total Fixed Assets 13.4 11.8 86.8 68.2
Stocks 9.8 9.5 39.9 -4.9
Trade Debtors 38.5 30.9 42.1 73.2
Total Current Assets 18.1 23.2 17.0 23.3
Total Assets 16.6 19.6 31.5 33.8
Trade Creditors 37.3 34.2 61.2 47.3
Short-Term Loans -10.9 -40.2 -41.1 -45.7
Total Current Liabilities 30.5 13.5 22.6 9.1
Net Cash 69.5 419.9 1.2 42.1
Shareholders Funds 12.4 23.2 37.3 54.1
Net Worth 13.7 29.9 48.9 80.5
Long-Term Loans 0.1 16.2 15.4 1.2
Long-Term Liabilities 9.7 15.3 21.9 9.3
Capital Employed 12.0 22.2 35.2 46.7

Company/Industry Comparison

This comparison is based on the results of 385 companies in the same industrial sector: 29320 Manufacture of other agricultural and forestry machinery
  Company Industry Averages
  31/12/2002 Lower Median Upper
Performance  
Profit/Sales (%) 10.15 -2.22 2.26 7.46
Profit/Capital Employed (%) 13.72 -1.51 7.96 17.37
Profit/Total Assets (%) 9.90 -3.95 3.42 11.06
Profit/Shareholders Funds (%) 15.65 0.41 10.30 22.38
Turnover  
Sales/Total Assets (%) 97.50 92.70 147.57 209.54
Sales/Fixed Assets (%) 4.57 4.45 6.08 18.91
Working Capital/Sales (%) 43.87 30.10 11.69 -3.09
Stock Turnover (days) 78.65 91.00 73.00 40.00
Credit Period (days) 90.70 84.06 53.81 30.80
Creditor Days 43.56 57.84 32.56 15.09
Liquidity  
Current Ratio 2.53 0.94 1.40 2.29
Liquidity Ratio 1.78 0.44 0.85 1.57
Gearing  
Total Debt/Net Worth (%) 23.47 102.96 24.86 3.41
Shareholders Funds/Total Assets 0.63 0.25 0.49 0.69
Long Term Debt/Net Worth (%) 11.62 18.84 0.70 0.00
Interest/Pre-interest Profit 7.66 31.03 7.74 0.85
Total Debt/Working Capital 0.30 1.06 0.30 0.05
Employee  
Average Employee Remuneration (£) 18,992 16,827 18,936 21,951
Wages/Sales (%) 22.97 26.54 20.45 14.20
Profit per Employee (£) 8,393 -1,782 1,730 7,759
Sales per Employee (£) 82,686 69,221 96,375 135,970
Capital Employed per Employee (£) 61,157 16,757 27,644 61,797
Total Fixed Assets per Employee (£) 24,884 7,624 17,700 33,926
Total Assets per Employee (£) 84,805 41,759 65,771 109,130
Other  
Creditors/Debtors 0.48 0.65 1.13 2.04
Debtors/Total Assets (%) 24.23 12.92 25.16 40.26
Current Liabilities/Stocks 1.33 1.05 1.83 3.47
Exports/Sales (%) - 1.54 11.58 26.17
Sales/Audit Fees 397.10 390.30 569.23 899.92
Total Assets/Audit Fees 407.27 265.44 386.87 579.93

Filing History
21/06/2002 Change among the directors of a company
16/12/1994 Alteration in memorandum or articles of association
16/12/1994 Resolutions which give, vary, revoke or renew an authority for the purposes of section 80 (allotment of securities)

Officers

Company Secretaries
EDWARD TIMOTHY MADDEN
Appointment Date: 31/12/1993
Date of Birth: 11/06/1957
Occupation: FINANCE DIRECTOR 
Address: 9 POPLAR PIECE, INKBERROW, WORCESTER, WORCESTERSHIRE, WR7 4JD
Present Appointment Details:

BOMFORD TURNER LIMITED  (RISK SCORE=100)

BOMFORD TURNER LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

BOMFORD & EVERSHED LIMITED  (RISK SCORE=Not scored)

BOMFORD & EVERSHED LIMITED  (RISK SCORE=Not scored)

TURNER INTERNATIONAL (ENGINEERING) LIMITED  (RISK SCORE=Not scored)

TURNER INTERNATIONAL (ENGINEERING) LIMITED  (RISK SCORE=Not scored)

TWOSE OF TIVERTON LIMITED  (RISK SCORE=66)

TWOSE OF TIVERTON LIMITED  (RISK SCORE=66)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)


Current Directors
EDWARD TIMOTHY MADDEN
Appointment Date: 31/12/1993
Date of Birth: 11/06/1957
Occupation: COMPANY SECRETARY 
Address: 9 POPLAR PIECE, INKBERROW, WORCESTER, WORCESTERSHIRE, WR7 4JD
Present Appointment Details:

BOMFORD TURNER LIMITED  (RISK SCORE=100)

BOMFORD TURNER LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

BOMFORD & EVERSHED LIMITED  (RISK SCORE=Not scored)

BOMFORD & EVERSHED LIMITED  (RISK SCORE=Not scored)

TURNER INTERNATIONAL (ENGINEERING) LIMITED  (RISK SCORE=Not scored)

TURNER INTERNATIONAL (ENGINEERING) LIMITED  (RISK SCORE=Not scored)

TWOSE OF TIVERTON LIMITED  (RISK SCORE=66)

TWOSE OF TIVERTON LIMITED  (RISK SCORE=66)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)


RONALD ALAN ROBINSON
Appointment Date: 07/07/1999
Date of Birth: 23/03/1952
Occupation: DIRECTOR 
Address: 18 PORTALES ROAD, COLORADO SPRINGS, COLORADO 80906
Present Appointment Details:

BOMFORD TURNER LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)


GEOFFREY DAVIES
Appointment Date: 31/12/1993
Date of Birth: 23/12/1947
Occupation: MANAGING DIRECTOR 
Address: HADNELL HOUSE, CHAPEL ROAD, HADNALL, SHROPSHIRE, SY4 4EH
Present Appointment Details:

BOMFORD TURNER LIMITED  (RISK SCORE=100)

MCCONNEL LIMITED  (RISK SCORE=100)

BOMFORD & EVERSHED LIMITED  (RISK SCORE=Not scored)

TURNER INTERNATIONAL (ENGINEERING) LIMITED  (RISK SCORE=Not scored)

TWOSE OF TIVERTON LIMITED  (RISK SCORE=66)

ALAMO GROUP (EUR) LIMITED  (RISK SCORE=94)

DAVIES BROWNE ENGINEERING SERVICES LIMITED  (RISK SCORE=Suspended)

Occupation:   Address: 919 FM 466, SEGUIN, TEXAS, 7815 5

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