1. Healthcare

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Amusements
February 2015 Edition
Printed Using Financial Analysis Software
By Merlin Scott Associates Limited
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Table of Contents
Chapter One
Executive Summary
February 2015 Edition
5
Chapter Two
Introduction
13
Chapter Three
Company Rankings
17
Chapter Four
Company Accounts
103
Chapter Five
Terms & Ratios
707
Appendix
Additional Companies
713
Table of Contents | 2
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Chapter One Executive Summary
Industry Averages
The industry averages presented in this review have been calculated using the latest company accounts filed.
When calculating the industry averages, we have been careful to exclude unusually high or low figures (ie plus
or minus two standard deviations from the mean). Guarding against spurious figures ensures that our averages
remain a truer representation of the industry. Chapter Four presents the latest five years of accounts available
for each company. Using a series of seven graphs, company performance figures are presented alongside the
following industry averages making it easy to compare individual companies with the industry.
2009
2010
2011
2012
2013
2014
49.70
47.09
47.88
49.82
50.69
48.21
Operating Profit Margin (%)
3.68
5.89
3.77
7.33
1.37
7.40
Profit Before Interest & Tax Margin (%)
2.86
8.03
10.02
16.75
12.51
14.26
Gross Profit Margin (%)
Pre-tax Profit Margin (%)
-3.63
0.69
2.37
7.79
2.98
7.23
Return on Total Assets (%)
1.57
3.76
4.63
7.08
5.25
6.82
Return on Capital Employed (%)
1.91
5.04
5.80
7.96
6.43
8.01
-2.86
1.90
0.56
6.81
3.27
6.75
Current Ratio
1.10
1.15
2.21
2.78
3.04
2.34
Quick Ratio
0.99
1.03
2.08
2.67
2.92
2.22
Debt Ratio
0.73
0.69
0.65
0.67
0.68
0.64
Return on Equity (%)
Click here
latest results34
33 to order the
35 full report34and all the 35
Credit Given (Days)
36
Credit Taken (Days)
52
42
64
49
53
50
0.92
1.37
1.61
1.95
1.54
3.26
Times Interest Earned
Fixed Asset Turnover
0.56
0.61
1.08
1.13
1.33
1.19
Stock Turnover
18.71
16.29
14.36
17.46
16.67
16.69
Debtor Turnover
12.50
11.22
10.35
10.76
10.41
10.74
Turnover per Employee (£)
88,827
75,002
70,576
72,983
65,082
75,070
Average Wage (£)
22,312
18,809
18,254
20,656
17,119
20,850
Turnover Growth (% of 2012)
97.77
98.19
98.37
100.00
97.41
97.67
Operating Profit Growth (% of 2012)
64.39
76.43
55.91
100.00
21.76
93.08
The Best Practice averages show what is achieveable for a well managed firm and the averages for Big Companies
and Small Companies show whether investment in scale is likely to be rewarded. The difference between the
various series of averages on each graph gives a measure of the variability of the results in a sector.
All Companies - These averages provide a benchmark for any company in the sector. Chapter Four shows these
averages as a direct comparison in the Ratio Analysis area. The trends in these averages can be thought of as
indicating industry trends. So the graphs in Chapter Four are providing a benchmark of the industry performance
over time against which each company can be measured.
Big Companies - Calculated using the data available for the largest companies (based on Total Assets). The
attractions of consolidation within the industry can be seen by considering these averages and comparing them
to the averages for All Companies.
Small Companies - Calculated using the data available for the smallest companies (based on Total Assets). The
averages for smaller companies indicate their attractiveness for potential take-overs ie if the average performance
of smaller companies exceeds that for larger companies then they become attractive acquisition targets.
Best Practice - Calculated using the data for companies that are both financially strong and have been consistently
profitable over previous years. Irregardless of size some companies are quite simply better managed or better
placed to take advantage of industry changes than others so these averages show the potential for firms within
this sector.
February 2015 Edition
Chapter One Executive Summary | 3
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55
50
45
40
35
30
25
20
15
10
5
0
Gross Profit Margin (%)
The industry average gross margin for all
companies in the period is 48.90%. The average
for big companies
in the
period
Click here
to order
theisfull48.57%. The
average gross
margin
for
small
in the
report and all the latestcompanies
results
period is 49.14%. The best practice companies had
an average of 34.64% during the period.
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
49.70%
47.09%
47.88%
49.82%
50.69%
48.21%
Large Companies
46.44%
42.18%
46.81%
51.98%
55.05%
48.96%
Small Companies
51.56%
50.80%
47.87%
49.49%
47.15%
48.00%
Best Practice
30.73%
32.65%
33.71%
37.19%
38.67%
34.89%
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Operating Profit Margin (%)
14
12
10
8
6
4
2
0
-2
-4
The industry average operating margin for all
companies in the period is 4.91%. The average for
big companies
in the
is 4.66%.
Click
hereperiod
to order
the full The average
operating margin
for small
in the period
report and
all thecompanies
latest results
is 7.32%. The best practice companies had an
average of 11.28% during the period.
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
3.68%
5.89%
3.77%
7.33%
1.37%
7.40%
Large Companies
4.75%
8.80%
1.87%
7.86%
-3.94%
8.62%
Small Companies
3.44%
5.33%
5.66%
10.37%
8.70%
10.42%
Best Practice
5.92%
9.09%
11.77%
13.08%
14.40%
13.41%
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Profit Before Interest & Tax Margin (%)
25
The industry average profit before interest & tax
margin for all companies in the period is 10.74%.
The averageClick
for big
herecompanies
to order theinfullthe period is
17.11%. The
average
before
interest & tax
report and all profit
the latest
results
margin for small companies in the period is 8.64%.
The best practice companies had an average of
14.23% during the period.
20
15
10
5
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
2.86%
8.03%
10.02%
16.75%
12.51%
14.26%
Large Companies
2.86%
10.79%
16.77%
26.10%
23.79%
22.31%
Small Companies
3.48%
5.60%
6.69%
14.21%
8.10%
13.76%
Best Practice
5.84%
12.04%
13.05%
16.78%
20.43%
17.24%
4 | Chapter One Executive Summary
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20
Pre-tax Profit Margin (%)
15
The industry average pre tax profit for all companies
in the period is 2.90%. The average for big
companies in
thehere
period
is -0.10%.
Click
to order
the fullThe average
pre tax profit
for
small
companies
in the period
report and all the latest results
is 5.06%. The best practice companies had an
average of 13.35% during the period.
10
5
0
-5
- 10
2009
2010
2011
2012
All Companies
2013
2014
2009
2010
2011
2012
2013
2014
-3.63%
0.69%
2.37%
7.79%
2.98%
7.23%
-4.54%
0.70%
7.12%
-1.16%
8.03%
1.57%
2.29%
10.73%
5.67%
10.57%
10.95%
12.22%
16.09%
19.83%
16.64%
Large Companies
-10.75%
Small Companies
-0.45%
Best Practice
Click here to order the full report and all the latest results
4.40%
Return on Total Assets (%)
12
The industry average return on total assets for all
companies in the period is 4.85%. The average for
big companies
in the
is 4.65%.
Click
hereperiod
to order
the full The average
return on report
total assets
in the
and allfor
thesmall
latestcompanies
results
period is 7.32%. The best practice companies had
an average of 9.87% during the period.
10
8
6
4
2
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
1.57%
3.76%
4.63%
7.08%
5.25%
6.82%
Large Companies
0.91%
3.02%
4.83%
6.54%
5.12%
7.48%
Small Companies
3.87%
4.58%
4.92%
11.94%
6.75%
11.89%
Best Practice
5.41%
8.58%
8.28%
10.72%
12.94%
13.29%
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Return on Capital Employed (%)
18
16
The industry average return on capital employed
for all companies in the period is 5.86%. The
average for big
companies
in the
Click
here to order
theperiod
full is 5.13%.
The average
return
on
capital
employed
report and all the latest results for small
companies in the period is 9.63%. The best
practice companies had an average of 12.94%
during the period.
14
12
10
8
6
4
2
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
1.91%
5.04%
5.80%
7.96%
6.43%
8.01%
Large Companies
0.98%
3.30%
5.35%
7.10%
5.44%
8.59%
Small Companies
6.77%
9.72%
7.28%
11.61%
10.73%
11.66%
Best Practice
7.24%
11.26%
11.04%
14.01%
16.37%
17.71%
February 2015 Edition
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Chapter One Executive Summary | 5
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Return on Equity (%)
15
The industry average return on equity for all
companies in the period is 2.74%. The average for
big companies
in the
period
is -1.51%.
Click
here
to order
the full The average
return on shareholder
funds
for
small
companies in
report and all the latest
results
the period is 9.55%. The best practice companies
had an average of 10.81% during the period.
10
5
0
-5
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
-2.86%
1.90%
0.56%
6.81%
3.27%
6.75%
Large Companies
-8.22%
-5.38%
-3.96%
4.53%
-1.72%
5.69%
Small Companies
8.09%
10.40%
5.76%
11.28%
9.49%
12.31%
Best Practice
6.00%
8.92%
8.54%
11.87%
14.59%
14.96%
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Current Ratio
1 2 .5
The industry average current ratio for all companies
in the period is 2.10. The average for big companies
in the periodClick
is 7.15.
average
ratio for
hereThe
to order
the current
full
small companies
in the
period
0.89. The best
report and
all the
latestisresults
practice companies had an average of 2.46 during
the period.
1 0 .0
7 .5
5 .0
2 .5
0 .0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
1.10
1.15
2.21
2.78
3.04
2.34
Large Companies
2.19
2.21
7.28
9.60
14.11
7.54
Small Companies
0.76
0.83
0.84
0.93
0.96
1.04
Best Practice
2.10
2.50
2.39
2.54
2.81
2.45
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Quick Ratio
1 2 .5
The industry average quick ratio for all companies in
the period is 1.99. The average for big companies
in the periodClick
is 7.01.
average
quick ratio for
here The
to order
the full
small companies
in
the
period
is
0.79.
report and all the latest results The best
practice companies had an average of 2.27 during
the period.
1 0 .0
7 .5
5 .0
2 .5
0 .0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
All Companies
0.99
1.03
2.08
Large Companies
2.06
2.06
7.10
Small Companies
0.66
0.74
Best Practice
1.90
2.29
6 | Chapter One Executive Summary
2013
2014
2.67
2.92
2.22
9.48
13.97
7.39
0.73
0.83
0.84
0.91
2.20
2.35
2.61
2.24
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0 .8
Debt Ratio
0 .7
The industry average debt ratio for all companies in
the period is 0.68. The average for big companies
in the periodClick
is 0.73.
average
return on total
here The
to order
the full
assets forreport
small and
companies
in
the
period
all the latest results is 0.63.
The best practice companies had an average of
0.34 during the period.
0 .6
0 .5
0 .4
0 .3
0 .2
0 .1
0 .0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
0.73
0.69
0.65
0.67
0.68
0.64
Large Companies
0.80
0.76
0.71
0.73
0.75
0.65
Small Companies
0.65
0.64
0.65
0.63
0.61
0.61
Best Practice
0.41
0.35
0.33
0.32
0.29
0.32
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Credit Given (Days)
45
40
The industry average days credit given for all
companies in the period is 34.43 days. The average
for big companies
in to
theorder
period
is 36.75 days.
Click here
the full
The average
daysand
credit
given
for results
small companies
report
all the
latest
in the period is 28.64 days. The best practice
companies had an average of 36.73 days during
the period.
35
30
25
20
15
10
5
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
36
33
35
34
35
34
Large Companies
37
39
45
30
37
31
Small Companies
24
27
29
33
29
29
Best Practice
32
35
36
40
40
37
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Credit Taken (Days)
80
70
The industry average days credit taken for all
companies in the period is 51.64 days. The average
for big companies
in to
theorder
period
is 43.27 days.
Click here
the full
The average
days
credit
taken
for
small
report and all the latest resultscompanies
in the period is 52.01 days. The best practice
companies had an average of 42.90 days during
the period.
60
50
40
30
20
10
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
52
42
64
49
53
50
Large Companies
40
33
43
42
58
43
Small Companies
49
50
82
42
49
40
Best Practice
36
40
66
38
39
39
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Chapter One Executive Summary | 7
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Times Interest Earned
25
The industry average interest cover for all
companies in the period is 1.77. The average for
big companies
in here
the period
is the
1.27.
Click
to order
fullThe average
interest cover
for
small
companies
in the period is
report and all the latest results
4.54. The best practice companies had an average
of 15.63 during the period.
20
15
10
5
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
0.92
1.37
1.61
1.95
1.54
3.26
Large Companies
0.28
0.75
1.07
1.40
0.97
3.17
Small Companies
2.51
Best Practice
5.89
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4.05
5.03
3.79
6.99
4.89
8.07
11.74
16.94
24.77
26.39
Fixed Asset Turnover
2
The industry average fixed asset turnover for all
companies in the period is 0.98. The average for big
companies inClick
the period
0.83.the
The
here toisorder
fullaverage fixed
asset turnover
small
companies
in the period is
reportforand
all the
latest results
1.30. The best practice companies had an average
of 1.97 during the period.
1
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
0.56
0.61
1.08
1.13
1.33
1.19
Large Companies
0.25
0.32
0.95
1.03
1.32
1.13
Small Companies
1.34
1.19
1.11
1.35
1.37
1.47
Best Practice
2.00
2.14
1.87
1.85
1.85
2.09
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Stock Turnover
25
The industry average stock turnover for all
companies in the period is 16.70. The average for
big companies
in the
is 21.69.
Click
hereperiod
to order
the full The average
stock turnover
for
small
companies
in the period
report and all the latest results
is 15.62. The best practice companies had an
average of 11.09 during the period.
20
15
10
5
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
18.71
16.29
14.36
17.46
16.67
16.69
Large Companies
21.05
21.32
15.99
24.24
24.56
22.96
Small Companies
18.64
16.43
14.83
16.10
13.37
14.37
Best Practice
10.90
10.85
10.00
11.22
12.05
11.54
8 | Chapter One Executive Summary
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Debtor Turnover
16
The industry average debtor turnover for all
companies in the period is 11.00. The average for
big companies
in the
is 10.13.
Click
hereperiod
to order
the full The average
debtor turnover
for
small
companies
in the period
report and all the latest results
is 13.23. The best practice companies had an
average of 10.02 during the period.
14
12
10
8
6
4
2
0
2009
2010
2011
2012
All Companies
2013
2014
2009
2010
2011
2012
2013
2014
12.50
11.22
10.35
10.76
10.41
10.74
9.27
8.08
12.13
9.78
11.68
13.54
12.38
11.39
12.38
13.10
10.29
10.10
9.19
9.12
10.06
Large Companies
9.83
Small Companies
16.61
Best Practice
11.39
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Turnover per Employee (£)
1 2 0 ,0 0 0
The industry average sales per employee for all
companies in the period is £74590. The average
for big companies
in the
period
Click here
to order
theisfull£90451. The
average sales
perand
employee
for small
companies in
report
all the latest
results
the period is £59952. The best practice companies
had an average of £121408 during the period.
1 0 0 ,0 0 0
8 0 ,0 0 0
6 0 ,0 0 0
4 0 ,0 0 0
2 0 ,0 0 0
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
88,827
75,002
70,576
72,983
65,082
75,070
Large Companies
93,220
92,936
85,066
81,303
91,169
99,011
Small Companies
65,220
60,868
56,945
65,223
47,059
64,397
120,209
114,621
122,356
124,091
126,641
Best Practice
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120,528
Average Wage (£)
3 0 ,0 0 0
The industry average wage per employee for all
companies in the period is £19667. The average
for big companies
in the
period
Click here
to order
theisfull£25256. The
average wage
per
employee
for
small
companies in
report and all the latest
results
the period is £16207. The best practice companies
had an average of £28157 during the period.
2 5 ,0 0 0
2 0 ,0 0 0
1 5 ,0 0 0
1 0 ,0 0 0
5 ,0 0 0
0
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
22,312
18,809
18,254
20,656
17,119
20,850
Large Companies
25,417
23,483
22,208
25,537
25,389
29,503
Small Companies
16,908
16,534
16,453
17,283
12,706
17,357
Best Practice
27,097
27,374
26,795
29,133
28,284
30,260
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100
90
80
70
60
50
40
30
20
10
0
Turnover Growth (% of 2012)
2009
2010
2011
2012
2013
2014
The market size represented by the companies
in this report was £1682M in the year 2012. The
market size in
2014
is estimated
at £1643M.
Since
Click
here
to order the
full
most companies
have
reported
figures
for
this
year
report and all the latest results
it is a good base year. In 2014 fewer companies
have filed information. Our estimate of market size
uses the growth rate for the companies that have
filed and the assumption that this growth rate
applies to the whole sector.
2009
2010
2011
2012
2013
2014
All Companies
97.77%
98.19%
98.37%
100.00%
97.41%
97.67%
Large Companies
97.06%
100.79%
98.88%
100.00%
94.44%
95.91%
Small Companies
99.24%
94.38%
100.05%
100.00%
102.07%
100.02%
Best Practice
98.70%
98.30%
102.60%
100.00%
98.75%
97.53%
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120
Operating Profit Growth (% of 2012)
100
Operating profit can of course be both negative
and positive. This means that the series will be
likely to haveClick
considerable
variance.
here to order
the fullHowever the
series is provided
to all
trythe
an latest
capture
the increasing
report and
results
of decreasing profitability within the sector.
80
60
40
20
0
- 20
- 40
2009
2010
2011
2012
2013
2014
2009
2010
2011
2012
2013
2014
All Companies
64.39%
76.43%
55.91%
100.00%
21.76%
93.08%
Large Companies
53.39%
112.91%
23.33%
100.00%
-44.14%
96.78%
Small Companies
65.78%
42.45%
52.40%
100.00%
62.73%
91.76%
Best Practice
97.00%
86.53%
87.10%
100.00%
106.08%
102.00%
10 | Chapter One Executive Summary
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Chapter Two Introduction
Chapter Three: Company Rankings
Chapter Three presents a series of company rankings spanning the latest three fiscal years. Companies have
been ranked according to turnover, gross profit, operating profit, profit before interest & tax, pre tax profit,
shareholder funds, number of employees, gross profit margin, operating profit margin, profit before interest & tax
margin, pre tax profit margin, return on total assets, return on capital employed, return on equity, current ratio,
quick ratio, debt ratio, credit given, credit taken, times interest earned, fixed asset turnover, stock turnover,
debtor turnover, sales per employee, average wage, growth in turnover, growth in operating profit, growth in
pre tax profit, growth in employees. To facilitate easy comparison of company size and financial performance,
rankings have been provided in columns of descending order.
Chapter Four: Company Accounts
Chapter Four presents the company accounts for all of the firms listed in the report. For easier comparison
between firms, the layout and presentation of company accounts has been standardised. Accompanying each
set of accounts are two types of analysis. The first of which is a ratio analysis and the second is a graphical trend
analysis. Please keep in mind that ratio and trend analyses are meaningless unless some type of comparative
value is provided. It is for this reason that we have provided industry averages wherever possible. Our industry
averages provide the reader with a benchmark against which individual companies can be compared. When
reading company accounts, it is important to keep in mind that limited companies have nine months after their
yearend to file their accounts with Companies House and public limited companies have six months after their
yearend.
Ratio Analysis
The ratio analysis is located at the bottom of the page for each company. The ratios are calculated using figures
taken from the balance sheet and the profit and loss statement. Using the ratios, it is possible to chart a firm's
financial history and evaluate it's current position. The ratios presented in our review can be divided into five
categories. Further explanation of these ratio categories can be found in Chapter Five
1) Profitability ratios illustrate the return generated on sales and investments. Return on total assets
(ROTA) for example is a key indication of management effectiveness.
2) Liquidity ratios measure a firm's ability to meet maturing short term obligations.
3) Gearing ratios measure the extent to which a firm has been financed by debt.
4) Activity ratios measure how effectively a firm is utilising its resources.
5) Growth ratios measure a firm's ability to maintain its financial position given the recent economic
climate.
Trend Analysis or Graph Analysis
The trend analysis can be seen in up to seven graph illustrations which accompany each set of company accounts.
Using the trend analysis, one can see company and industry changes over time. More specifically, it is possible to
see whether or not a firm's financial position is improving or deteriorating. The following graph illustrations listed
one through seven are provided for each company.
1)
2)
3)
4)
5)
6)
7)
Credit Worthiness
Credit Control
Debt Ratio & Current Ratio
Annual Sales (% of 2013)
Turnover Analysis
Sales Per Employee
Profit Margins
February 2015 Edition
Chapter Two Introduction | 13
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Example Trend Graph
140
120
100
80
60
40
20
0
2011
2012
2013
2014
2015
Widgets Limited Values
Industry Average Values
The example graph is typical of the trend analysis provided for each company. Keeping in mind that both the
absolute values and the slope of the trendlines are significant, such a graph can tell an important story concerning
a firm's financial history. Assuming that our example graph is illustrating sales generated by Widgets Limited in
comparison with those generated by the industry (ie the industry average), here are a few possible interpretations.
Please note that the annual industry average equals total sales for a given year divided by total sales in 2013. Firms
without a sales value for each consecutive year following 2013 have been excluded from the summation of the
divisor. Industry sales fell from 105 to 100 between the years 2012 and 2013, whereas sales generated by Widgets
Limited increased during this period. In spite of a shrinking market, sales for Widgets Limited increased from 70
to 100 resulting in a gain in market share. Sales continued to increase between 2013 and 2015 as illustrated by
the firm's positive trendline slope. At this point in time, however, the industry began to gain some ground. The
industry and Widgets Limited were generating sales at the same rate and as a result, no market share was gained
on this occasion. Between 2014 and 2015, although the company had an increase in sales by 23% (ie 110 to
135), Widgets Limited lost its market share due to industry sales increasing at a greater rate.
Making Sense of Modified Accounts
Please be aware that figures are not always as they appear to be in company accounts. There are a couple
of reasons for this. Many firms employ very skilful accountants who massage annual figures in an attempt to
disguise a company's full or otherwise considered private financial position. Then there are those legal reporting
requirements which allow small and medium sized firms to file partial or modified accounts. A small firm may
choose to disclose its annual balance sheet figures only. Whereas, a medium sized firm may choose to file a
modified profit and loss statement omitting its details on sales. In some cases, however, if annual figures reflect
exceptionally well upon the company's operations, a small or medium sized firm may decide to file a complete
set of accounts.
A small company may file modified accounts with Companies House (ie a shortened balance sheet and
abbreviated notes) as long as it meets two out of the three following criteria:
1) The firm's annual turnover is less than £6,500,000.
2) The firm's average balance sheet total does not exceed £3,260,000.
3) The firm's average number of employees does not exceed 50 persons.
A medium sized company may file modified accounts with Companies House (ie a complete balance sheet, a
director's report and a modified profit and loss statement omitting the annual turnover figure) as long as it meets
two out of the three following criteria:
1) The firm's annual turnover is less than £25,900,000.
2) The firm's average balance sheet total does not exceed £12,900,000.
3) The firm's average number of employees does not exceed 250 persons.
14 | Chapter Two Introduction
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Although modified accounts are more open to interpretation errors, there is still a great deal of information which
can be extracted. For example, all companies are required to file a balance sheet providing the figures necessary
to calculate a firm's current ratio, quick ratio, debt ratio and two trend charts.
Companies filing modified accounts are not required to file a turnover figure. However, it is possible to calculate
an approximate turnover figure using the following ratios. The stock turnover ratio can be very accurate when
reviewing wholesale industries. The fixed asset turnover ratio can be very accurate when reviewing manufacturing
industries. The debtor turnover ratio can be very accurate when reviewing contracting industries, particularly local
government agencies. Ratio analysis is not an exact method and you will need to use your judgement when
choosing the best ratio to use. Example calculations are provided below for each ratio. Annual figures for Industry
Averages can be found on page three in the Executive Summary. Annual figures for stock, total fixed assets and
debtors for respective companies can be found in Chapter Five.
Approximate Turnover for 2015 for Widget Limited
= Industry Average Stock Turnover for 2015 x Stock for 2015 for Widget Limited
Approximate Turnover for 2015 for Widget Limited
= Industry Average Fixed Asset Turnover for 2015 x Total Fixed Assets for 2015 for Widget Limited
Approximate Turnover for 2015 for Widget Limited
= Industry Average Debtor Turnover for 2015 x Debtors for 2015 for Widget Limited
The stability of these ratios is stated in the Executive Summary. This should indicate the degree of confidence
that is safe to apply to your approximate turnover figures.
Chapter Five: Terms & Ratios
We have always found it useful to provide our readers with a chapter explaining the terminology and formulas as
we have used them in our review. For the reader to better understand the data and analyses provided throughout
the review, it is useful to know how the various terms and ratios have been applied.
February 2015 Edition
Chapter Two Introduction | 15
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Chapter Three Company Rankings
Companies Ranked By...
Turnover
19
Gross Profit
22
Operating Profit
25
Profit Before Interest & Tax
28
Pre-tax Profit
31
Shareholder Funds
34
Number of Employees
37
Gross Profit Margin
40
Operating Profit Margin
43
Profit Before Interest & Tax Margin
46
Pre-tax Profit Margin
49
Return on Total Assets
52
Return on Capital Employed
55
Return on Equity
58
Current Ratio
61
Quick Ratio
64
Debt Ratio
67
Credit Given
70
Credit Taken
73
Fixed Asset Turnover
76
Stock Turnover
79
Debtor Turnover
82
Sales Per Employee
85
Average Wage
88
Growth in Turnover
91
Growth in Operating Profit
94
Growth in Pre-tax Profit
97
Growth in Employees
February 2015 Edition
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Chapter Three Company Rankings | 17
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Companies Ranked By Return on Equity
Company Name
Family Leisure Holdings Limi..
Dillow (London) Amusement Ma..
Playnation Limited
Cable Chutes Ii Limited
Amusement Trades Limited
Six Piers Limited
Photo - Me International P L..
John Codona's Pleasure Fairs..
Teen Spirit Limited
Teddy Clark Limited
Jolly Roger (Amusement Rides..
Western Leisure Limited
Rank Leisure Limited
Essex Leisure Limited
Stardust Leisure Limited
Oakwood Leisure Limited
Kossway Automatics Limited
Bandai Namco Amusement Europ..
K.W. Reader & Sons Limited
Family Amusements Limited
P.P. Leisure Activities Limi..
Riviera Leisure Limited
Sega Amusements Europe Limit..
Macdonald Dona Lola No.1 Lim..
Cotswold Micro Systems Limit..
Fair City Amusements Limited
The County Of Northampton Co..
M & D (Leisure) Limited
Bandai Namco Holdings Uk Lim..
Harbour Park Limited
Crown Leisure Limited
Pleasure & Leisure Corporati..
Maximum Fun Cornwall Limited
Blackpool Pleasure Beach (Ho..
Grand Pier Limited
Somerset House Trust
Kifdo Limited
Lightwater Valley Attraction..
Inspired Gaming Group Limited
Barry Robinson Leisure Limit..
Wight City Leisure Limited
Natl. Amusements (Uk) Limited
Wms Gaming (Uk) Limited
South Lakeland Leisure
Llanelli & District Model En..
Henacre Limited
Picsolve International Limit..
Blackpool Pleasure Beach Lim..
18 | Chapter Three Company Rankings
2014(%)
456.05
178.93
100.00
80.00
78.45
31.28
20.93
18.41
16.99
16.52
14.59
13.59
13.58
12.38
11.88
10.86
9.90
6.90
6.86
6.78
6.48
6.41
4.44
4.09
3.92
2.90
1.91
1.66
0.05
-0.14
-0.19
-0.96
-1.61
-2.87
-2.96
-3.23
-3.41
-3.51
-6.14
-6.23
-6.53
-15.31
-23.30
-25.18
-28.49
-35.26
-40.61
-113.38
Company Name
Genesis Games Limited
Folly Farm Leisure Limited
Dillow (London) Amusement Ma..
Image Dynamix Ltd
Mannings Organisation Limited
Burton-In-Kendal Leisure Lim..
Reflex Gaming Limited
In Touch Games Limited
Llanelli & District Model En..
S.A.L. Leisure Limited
Netherfield Amusements Limit..
Innovative Technology Limited
C. And R. Limited
Tcs John Huxley Limited
Novomatic Uk Ltd
European Amusement & Gaming..
The County Of Northampton Co..
Harris Arts And Heritage Lim..
Oakwood Leisure Limited
Six Piers Limited
The Mellors Group Limited
Luxury Leisure
Cashcade Limited
Adventure Island Play Park L..
Eurocoin Limited
Cable Chutes Ii Limited
Suzo International (Uk) Limi..
South Lakeland Leisure
Town & County Leisure Limited
Cotswold Micro Systems Limit..
Sega Amusements Europe Limit..
John Icke Automatics Limited
Comrie Leisure Limited
Bob Rudd Leisure Limited
Stade Developments (Hastings..
Photo - Me International P L..
Dransfield Novelty Company L..
Teen Spirit Limited
Rank Leisure Limited
Family Leisure Holdings Limi..
Kossway Automatics Limited
Braddicks Leisure Limited
Fair City Amusements Limited
Jolly Roger (Amusement Rides..
Select Gaming Limited
Oasis Retail Services Limited
Oasis Leisure Group Limited
B B & B Leisure Parks Limited
Teddy Clark Limited
Totnes And District Show Soc..
Trafalgar Leisure Ltd
Essex Leisure Limited
Betgenius Limited
Barry Robinson Leisure Limit..
A.& G.(Amusements)limited
Ava Leisure Limited
P.P. Leisure Activities Limi..
Datateam Business Media Limi..
Aristocrat Technologies Euro..
John Codona's Pleasure Fairs..
M & D (Leisure) Limited
Riviera Leisure Limited
Western Leisure Limited
Norfolk Dinosaur Park Limited
Kifdo Limited
Wms Gaming (Uk) Limited
Somerset House Trust
Park Leisure 2000 (Northumbe..
J. Noble & Sons Limited
Family Amusements Limited
Cornshire Limited
Crown Leisure Limited
2013(%)
592.27
298.32
279.36
105.09
100.30
99.96
76.03
66.75
63.02
60.71
59.21
54.32
49.29
48.00
46.83
43.63
40.50
37.83
36.99
36.40
35.38
31.30
29.67
28.93
27.58
26.67
22.21
21.14
20.97
20.12
19.78
19.26
19.10
19.06
18.31
18.07
17.37
16.76
15.99
15.97
15.11
15.04
15.01
14.88
14.86
14.69
14.66
13.35
12.96
12.24
11.95
11.13
10.99
10.97
10.25
9.94
9.74
9.40
9.33
8.62
8.30
8.19
7.96
7.68
7.54
7.40
6.95
5.52
5.44
5.21
5.08
4.67
Company Name
2012(%)
Genesis Games Limited
Ameco Leisure Group Limited
Advanced Gaming Automatic Ltd
Dillow (London) Amusement Ma..
Tcs John Huxley Limited
C. And R. Limited
Burton-In-Kendal Leisure Lim..
In Touch Games Limited
Cashcade Limited
Netherfield Amusements Limit..
Maximum Fun Cornwall Limited
Cable Chutes Ii Limited
Innovative Technology Limited
Wms Gaming (Uk) Limited
Teddy Clark Limited
Six Piers Limited
Reflex Gaming Limited
Cotswold Micro Systems Limit..
Harris Arts And Heritage Lim..
S.A.L. Leisure Limited
Cuerden Leisure Limited
Igt-Uk Gaming Limited
European Amusement & Gaming..
Rank Leisure Limited
Adventure Island Play Park L..
Select Gaming Limited
K.W. Reader & Sons Limited
Betgenius Limited
Town & County Leisure Limited
Heddon Stables Limited
Suzo International (Uk) Limi..
Essex Leisure Limited
Grand Pier Limited
Novomatic Uk Ltd
Sega Amusements Europe Limit..
Kossway Automatics Limited
Jolly Roger (Amusement Rides..
Fair City Amusements Limited
John Icke Automatics Limited
Eurocoin Limited
Llanelli & District Model En..
Photo - Me International P L..
Braddicks Leisure Limited
Comrie Leisure Limited
Oasis Retail Services Limited
Oasis Leisure Group Limited
Teen Spirit Limited
South Cliff Tower (Eastbourn..
Bob Rudd Leisure Limited
Gala County Clubs Limited
H. B. Leisure Ltd.
The County Of Northampton Co..
Totnes And District Show Soc..
Amusement Trades Limited
Datateam Business Media Limi..
P.P. Leisure Activities Limi..
Inspired Gaming Group Limited
Dransfield Novelty Company L..
Sceptre Leisure Solutions Lt..
B B & B Leisure Parks Limited
Ava Leisure Limited
Las Vegas Amusements Limited
John Codona's Pleasure Fairs..
Honiton & District Carnival
Family Leisure Holdings Limi..
The Mellors Group Limited
A.& G.(Amusements)limited
Harry Levy Amusement Contrac..
Folly Farm Leisure Limited
Harbour Park Limited
The Storey Group Limited
Beacon Bingo Limited
5,982.07
4,779.91
1,172.72
253.74
99.94
99.61
97.53
86.74
67.31
66.57
63.88
63.64
63.20
59.50
54.66
52.91
51.88
49.94
48.41
46.79
46.26
42.26
39.24
38.27
38.24
31.08
29.56
28.98
26.94
23.38
21.29
20.78
20.14
20.12
19.88
18.44
18.44
17.92
17.66
15.98
15.93
15.18
14.96
14.90
14.47
14.31
14.18
13.58
13.13
13.02
12.46
12.14
11.74
10.98
10.80
10.37
9.80
9.57
9.24
8.11
7.24
7.08
6.83
6.39
6.10
5.99
5.85
5.70
5.63
5.46
4.94
4.78
February 2015 Edition
Company Name
Macdonald Dona Lola No.1 Lim..
South Eastern Coin Equipment..
The Noble Leisure Company Li..
Cuerden Leisure Limited
Gala County Clubs Limited
Inspired Gaming Group Limited
Edenpace Limited
Sound Leisure Limited
Stockvale Limited
K.W. Reader & Sons Limited
Silcock Leisure Group Limited
Greene King Leasing No.1 Lim..
Brighton Marine Palace & Pie..
Rubicon Pastimes Limited
Natl. Amusements (Uk) Limited
American Amusements Holdings..
Bandai Namco Amusement Europ..
Bandai Namco Holdings Uk Lim..
Legoland Windsor Park Limited
Harbour Park Limited
Pleasure & Leisure Corporati..
Pms International Group Plc
Sun Valley Holdings
The Storey Group Limited
Maximum Fun Cornwall Limited
Ral Limited
Grand Pier Limited
Stardust Leisure Limited
Lightwater Valley Attraction..
Beacon Bingo Limited
H. B. Leisure Ltd.
Ke Automatics Limited
Playland Holdings Limited
Picsolve International Limit..
Blackpool Pleasure Beach (Ho..
Barcrest Group Limited
Gala Leisure Limited
Grange Park Opera
Igt-Uk Gaming Limited
Pleasurewood Hills Limited
Sceptre Leisure Plc
Unitarian Meeting House Mana..
Sceptre Leisure Solutions Lt..
Henacre Limited
Blackpool Pleasure Beach Lim..
Pier Amusements Felixstowe L..
Johnny's Entertainments (Tyn..
Clacton Pavilion Plc
Astral Marine Services Limit..
Wight City Leisure Limited
Amusement Trades Limited
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2013(%)
4.27
3.94
3.42
3.18
2.84
2.65
2.56
2.56
2.27
2.18
1.83
1.80
1.13
1.04
0.94
0.24
0.12
0.01
-0.01
-1.97
-2.04
-2.20
-2.51
-2.52
-2.56
-3.05
-6.38
-10.14
-10.27
-10.49
-11.65
-14.04
-16.04
-18.71
-22.43
-26.42
-26.49
-27.19
-28.09
-34.98
-43.31
-45.77
-45.99
-52.84
-82.07
-115.52
-134.04
-172.35
-177.91
-201.11
-509.67
Company Name
Silcock Leisure Group Limited
Macdonald Dona Lola No.1 Lim..
South Eastern Coin Equipment..
Amg Leisure Limited
Family Amusements Limited
Park Leisure 2000 (Northumbe..
Pleasurewood Hills Limited
Playland Holdings Limited
Pier Amusements Felixstowe L..
Sound Leisure Limited
Riviera Leisure Limited
J. Noble & Sons Limited
Gala Leisure Limited
Smiles For Miles Limited
Stockvale Limited
Aristocrat Technologies Euro..
Norfolk Dinosaur Park Limited
Tyne Tees Entertainments Lim..
Somerset House Trust
Greene King Leasing No.1 Lim..
Crown Leisure Limited
Pms International Group Plc
Lightwater Leisure Limited
Western Leisure Limited
Legoland Windsor Park Limited
American Amusements Holdings..
Johnny's Entertainments (Tyn..
Trafalgar Leisure Ltd
Pleasure & Leisure Corporati..
Picsolve International Limit..
Lightwater Valley Attraction..
Rubicon Pastimes Limited
Kifdo Limited
Barry Robinson Leisure Limit..
M & D (Leisure) Limited
Blackpool Pleasure Beach (Ho..
Cornshire Limited
The Noble Leisure Company Li..
Barcrest Group Limited
Sun Valley Holdings
Sceptre Leisure Plc
Brighton Marine Palace & Pie..
Ral Limited
Mechanised Project Management
Unitarian Meeting House Mana..
Stade Developments (Hastings..
Ke Automatics Limited
Stardust Leisure Limited
Grange Park Opera
Blackpool Pleasure Beach Lim..
Oakwood Leisure Limited
Luxury Leisure
Gullivers Land Limited
Richmondshire Leisure Trust
Henacre Limited
Empire Games Limited
Wight City Leisure Limited
Clacton Pavilion Plc
2012(%)
4.58
4.46
4.42
3.90
3.85
3.67
3.50
3.24
3.10
2.90
2.89
2.85
2.67
2.47
2.44
2.34
1.96
1.72
1.65
1.47
1.00
0.94
0.51
0.21
0.15
0.12
-0.15
-0.44
-0.58
-1.53
-1.74
-2.27
-2.85
-3.40
-4.32
-5.05
-5.89
-8.25
-9.45
-9.74
-9.84
-10.66
-12.75
-13.46
-13.80
-15.36
-15.82
-18.85
-23.01
-33.89
-50.00
-65.81
-81.54
-116.80
-119.26
-146.06
-236.28
-451.78
Chapter Three Company Rankings | 19
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Chapter Four Company Accounts
Latest
Company Name
AccountsPage
A.& G.(Amusements)limited
31/05/13 108
A.B. Johnsons Limited
31/03/14 109
A. M. R. Amusements Limited
30/11/13 110
A1 Slots Limited
31/07/14 111
Aaron Amusements Limited
31/12/13 112
Abbey Leisure Amusement Machine.. 31/12/13 113
Abbotsbury Tourism Limited
31/03/14 114
Abbotts Amusements Limited
28/02/14 115
Abc Leisure Ayr, Ltd.
31/08/13 116
Achev Limited
30/09/14 117
Active Games Design Limited
31/08/13 118
Adcroft Amusements Limited
30/06/14 119
Adorepower Limited
28/02/14 120
Advanced Gaming Automatic Ltd
31/05/13 121
Advance Leisure Amusements Limi..
30/06/13 122
Adventure Island Play Park Limi..
31/10/13 123
Agd Amusements Ltd
31/03/14 124
Ainsworth (Uk) Limited
30/06/14 125
Ameco Leisure Group Limited
31/12/13 126
American Amusements Holdings Li..
31/12/13 127
American Amusements Limited
31/12/13 128
Amg Amusements Limited
31/03/14 129
Amlind (Uk) Limited
31/12/13 130
Amusement And Music (Operations..
31/08/14 131
Amusement Caterers (Sheffield)..
28/02/14 132
Amusement Device Inspection Lim..
30/06/13 133
Amusement Equipment Co.Limited
31/12/13 134
Amusement Machine Services Limi..
31/08/13 135
Amusement Park Spares Limited
30/09/13 136
Amusement Ride Manufacturers Li..
31/12/13 137
Amusement Sales & Service Ltd
31/08/14 138
Amusements Limited
31/12/13 139
Amusements Uk Ltd
31/12/13 140
Amusement Trades Limited
31/01/14 141
Amusement World Limited
31/12/13 142
Amy Property Developments Limit..
30/04/14 143
Andrew Moore Limited
31/03/14 144
Anthony D.Harris & Sons Leisure..
31/12/13 145
Arcadia (Ryde) Limited
31/03/13 146
Arcadia Leisure Limited
31/12/13 147
Aristocrat Technologies Europe..
30/09/13 148
Aristomatics (Pontefract) Limit..
30/06/13 149
Armley Amusements Limited
31/12/13 150
Arnold Palmer Putting Courses L..
31/01/14 151
Arrow Leisure Limited
31/08/13 152
Astragiant Limited
31/12/13 153
Astral Marine Services Limited
30/04/13 154
A T Craig Limited
31/12/13 155
Atlantic Amusements Limited
31/03/14 156
Atl Leisure Limited
31/03/14 157
Auto Amusements Limited
30/09/13 158
Automatic Machine Services Limi..
31/03/14 159
Ava Leisure Limited
31/03/14 160
A W T Price & Sons Ltd
31/03/14 161
Aztec Coin Equipment Limited
31/08/13 162
B. Cole & Sons (Amusements) Lim..
28/02/14 163
B.J.'s Leisure Limited
31/10/13 164
B & E Parkin Leisure Limited
31/12/13 165
B & M Automatics Limited
30/04/14 166
Bailey Amusements Limited
31/03/13 167
Bally Gaming And Systems Uk Lim..
30/06/13 168
Bandai Namco Amusement Europe L.. 31/03/14 169
Bandai Namco Holdings Uk Limited
31/03/14 170
Bandmatic Limited
31/12/13 171
Barcrest Group Limited
31/12/13 172
Barcrest Group Technology Limit..
31/12/12 173
Barry Island Amusement Park Ltd
31/03/14 174
Barry Robinson Leisure Limited
31/03/14 175
Bathgate Leisure Limited
31/03/14 176
Baytrex Limited
31/03/14 177
Bay View (Bridlington) Limited
31/03/14 178
Bay View Leisure Limited
30/09/14 179
Bay View Park Limited
31/12/13 180
B B & B Leisure Parks Limited
31/10/13 181
February 2015 Edition
Latest
Company Name
AccountsPage
Beacon Bingo Limited
31/12/13 182
Bellcoin Holdings Limited
31/07/13 183
Bellcoin Limited
31/07/13 184
Bellmatic Leisure Limited
31/01/14 185
Belltower Leisure Limited
31/03/14 186
Benford Automatic Company Limit..
31/03/14 187
Betgenius Limited
31/12/13 188
Bibbys Of Halifax Limited
31/05/14 189
Big Game Limited
31/03/14 190
Big M Production Limited
28/02/14 191
Billings Entertainments Limited
30/09/13 192
Billy Manning Limited
31/03/14 193
Birchgrove Estates Limited
31/03/14 194
Bi-Rent (Coventry) Limited
31/03/14 195
B J W Leisure Limited
31/05/13 196
Blackpool Pleasure Beach (Holdi..
23/03/14 197
Blackpool Pleasure Beach Limited
23/03/14 198
Black Sand Ltd
30/11/13 199
Blooloop Limited
31/03/14 200
Blue (Eu) Limited
30/11/13 201
Bluedene Limited
31/05/13 202
Bob's Amusements Limited
31/07/14 203
Bob Rudd Leisure Limited
31/05/13 204
Bob Wilson 2000 Limited
28/02/14 205
Bognor Pier Leisure Limited
31/10/13 206
Bonanza 2000 Limited
30/04/13 207
Bonanza Limited
31/05/13 208
Border Automatics Limited
28/02/14 209
Bounceabouts Leisure Limited
31/12/13 210
Bouncing Bodies Limited
31/08/13 211
Bournemouth Amusements Limited
31/12/13 212
Bournville Automatics Limited
30/11/13 213
Bowell Corporation Limited
31/03/14 214
Bowman Leisure Limited
31/12/13 215
Boylesports Leisure Development..
30/06/13 216
Braddicks Leisure Limited
31/12/13 217
Breakout Operations Limited
31/01/14 218
Breck Road Amusements Limited
31/03/13 219
Brenland Leisure Ltd
31/12/13 220
Brian Davey Limited
31/03/14 221
Brian Newton Leisure Limited
31/03/14 222
Bridge Phonographics Limited
31/10/13 223
Brighton Marine Palace & Pier C..
31/10/13 224
Britpark Leisure Limited
28/02/14 225
Bromley Automatics Limited
31/12/13 226
Bug Amusements Limited
30/09/13 227
Buggyland (Ii) Limited
31/03/14 228
Burlinghams Groundworks And Pla..
31/01/14 229
Burnham Pavilion Limited
31/03/14 230
Burton-In-Kendal Leisure Limited
31/05/13 231
C.A. Cooper Corporation Limited
31/08/13 232
C.A. Heal & Sons (Amusements) L..
31/12/13 233
C. And R. Limited
31/03/14 234
C.C. Leisure Limited
30/09/13 235
C. Cooper (Florists) Limited
28/02/14 236
C. Edwards And Son (Amusements).. 31/01/14 237
C. Patrick Evans Entertainments..
30/04/13 238
C & J Codona Limited
31/07/13 239
C & J Holdings Limited
29/11/13 240
Cable Chutes Ii Limited
23/03/14 241
Cadells Amusements Limited
31/03/14 242
Cadmans Leisure Centres Limited
31/12/13 243
Cain's Amusements Limited
31/12/13 244
Cairns Amusements Limited
31/08/13 245
Capital Amusements (West) Limit..
30/06/13 246
Capital Coin Machine Company Li..
30/09/13 247
Capital Gaming Machines (Uk) Li..
31/08/13 248
Carefree Amusements Limited
31/12/13 249
Carnaby Gaming Machines Limited
30/04/14 250
Carousel Amusements Limited
31/03/14 251
Carousel Limited
31/03/14 252
Carousel Park (Leisure) Limited
31/01/14 253
Carousel Park Limited
30/04/14 254
Cascading Leisure Centre Limited
30/04/13 255
Latest
Company Name
AccountsPage
Case Concepts Limited
31/10/13 256
Cashcade Limited
31/12/13 257
Cashino Gaming Limited
31/12/13 258
Caution Runners Limited
31/12/13 259
Central Leisure (Stamford) Limi..
30/04/13 260
Central Leisure Limited
31/03/14 261
Centre Cafe Limited
31/03/14 262
Century Leisure Equipment Limit..
30/09/13 263
Charles Knowles Limited
31/03/14 264
Chasa Limited
30/06/14 265
Cherry Automatics (Cambridge) L..
31/08/13 266
Childrens Corner Limited
30/06/13 267
Chilvers Automatics Limited
31/12/13 268
Chris Bennett (Heavy Haulage) L..
30/06/14 269
Chrisdebell Engineering And Lei..
31/08/13 270
Churchill Leisure Limited
31/05/13 271
Cityside Amusements Limited
30/09/13 272
City Vending Uk Limited
31/03/14 273
Clacton Pavilion Plc
31/12/13 274
Claremont Pier Limited
31/03/14 275
Clarence Cooper & Co. Limited
31/12/13 276
Clark's Leisure & Catering Limi..
30/04/13 277
Clarke Amusements Ltd
31/01/13 278
Clarkes Amusements Limited
30/04/14 279
Clearhill Enterprises Limited
31/12/13 280
Cleveland Leisure Centres Limit..
31/12/13 281
Club Fruit Services Limited
31/08/13 282
Clyde Coin Limited
31/03/14 283
Cns Amusements Limited
31/03/14 284
Coastal Amusements Limited
31/12/13 285
Coinection Sales Limited
30/11/13 286
Coin Leisure Limited
30/09/13 287
Coinscope Limited
31/08/13 288
Coles Amusement Enterprises Lim..
31/10/13 289
Comax Trading Co. Limited
30/09/13 290
Commodore Amusements Limited
30/09/13 291
Comrie Leisure Limited
31/05/13 292
Concept Games Limited
31/12/13 293
Connaught Leisure Limited
30/04/14 294
Coppermine Limited
31/12/13 295
Cornshire Limited
30/11/13 296
Corrigan Leisure Limited
31/03/14 297
Costumes With Character Limited
30/06/14 298
Cotswold Micro Systems Limited
31/03/14 299
Countgrade Limited
31/10/13 300
Crescent Leisure (Gb) Limited
30/11/13 301
Crown Entertainment Centres Lim..
31/03/14 302
Crown Leisure Limited
31/03/14 303
Crystal Amusements Limited
31/03/14 304
Crystal Rooms (Bangor) Limited
31/08/13 305
Cuerden Leisure Limited
31/03/14 306
Cxl Games Limited
31/08/13 307
D. & D. Amusements Ltd.
31/05/14 308
D. Cox Amusements Limited
31/03/14 309
D.J.C. (Amusements) Limited
30/11/13 310
D & D Stewart (Port Glasgow) Li..
31/03/14 311
Danter Attractions Limited
31/01/14 312
Danum (U.K.) Limited
30/11/13 313
Data Leisure Sales Limited
28/02/14 314
Datateam Business Media Limited
30/06/13 315
Daves Jukeboxes Limited
30/06/13 316
Davis C.R.Tubes Limited
31/12/13 317
Dealpraise Limited
28/02/14 318
Dekoning Leisure Group Ltd
31/05/13 319
Dellfern (Uk) Limited
31/07/13 320
Derek Heeps Limited
30/09/13 321
Diamond Games Limited
31/03/14 322
Diceort Limited
31/03/14 323
Digimedia Limited
30/06/13 324
Dillow (London) Amusement Machi..
30/06/14 325
Direct Business Systems Limited
31/12/13 326
Donald Deakin Limited
30/04/13 327
Don Leisure Limited
30/04/13 328
Doubleday Consultancy Limited
30/06/13 329
Chapter Four Company Accounts | 103
Subscribe Now
Latest
Company Name
AccountsPage
Dracula Experience Limited
31/03/14 330
Dransfield Novelty Company Limi..
30/06/13 331
Dreamland Amusements Limited
31/12/12 332
Dreamland Leisure Limited
31/12/12 333
Dunes Leisure Limited
31/03/14 334
E. Barry's Amusements (Portrush..
28/02/14 335
East Coast Leisure Limited
31/10/13 336
Edenpace Limited
31/10/13 337
Edinburgh International Science..
31/07/13 338
Edith Weston Vintage Fayre Limi..
31/10/13 339
Edwardian Seaside Fun Limited
31/01/14 340
Electrocoin Automatics Limited
31/03/14 341
Electrocoin Sales Limited
30/04/14 342
Electroline Limited
31/03/14 343
Electromatic Southern (Amusemen..
31/03/14 344
Electrotec Solutions Limited
31/12/13 345
Elton Amusements Ltd
30/09/13 346
Eme (Electronic & Mechanical En..
30/04/13 347
Empire Games Limited
31/12/13 348
Enfour Limited
31/10/13 349
Enigma Gaming Limited
30/09/14 350
Enterprise West Limited
30/09/13 351
Essex Leisure Limited
31/03/14 352
Eurocoin Limited
31/12/13 353
European Amusement & Gaming Exp.. 30/06/13 354
Eurotek Designs Limited
31/08/13 355
Eventive Funtime Limited
31/12/13 356
Events 8 Limited
30/04/13 357
Evergreat Limited
30/09/13 358
Everlux (Electronics) Limited
31/03/14 359
Everlux Amusements (Yorkshire)..
31/05/13 360
F.S. Entertainments Limited
31/10/13 361
F & M Automatic Amusement Machi.. 31/12/13 362
Fair City Amusements Limited
31/03/14 363
Fairplay Automatics Limited
30/09/13 364
Falcon Leisure Limited
31/01/14 365
Family Amusements Limited
31/03/14 366
Family Fun Centre Limited
30/06/13 367
Family Leisure Holdings Limited
31/03/14 368
Fantasia Limited
31/03/14 369
Festival Leisure Limited
31/03/14 370
Festival Leisure Park Limited
30/04/13 371
Finchsheer Limited
31/03/14 372
Five Fifty Ltd.
31/05/13 373
Flamingo Leisure Limited
05/07/14 374
Flamingo Park Limited
30/11/13 375
Fletchers Automatics (Rednal) L..
30/04/13 376
Flight Avionics Limited
31/03/14 377
Folly Farm Leisure Limited
28/02/14 378
Foremost Leisure Limited
31/12/13 379
Formost Equipment Limited
31/03/14 380
Formula K International Limited
31/01/14 381
Forth Amusements Limited
30/06/13 382
Four N`s Limited
31/12/13 383
Francis Machine Solutions Limit..
31/07/13 384
Frank Booth & Sons (Brixham) Li..
30/04/13 385
Frank Booth & Sons (Saundersfoo..
30/04/13 386
Frank Booth & Sons Limited
30/04/13 387
Fran Ryba Consultancy Limited
30/06/14 388
Freetime Leisure (Watersports)..
31/01/14 389
Frontier Leisure Limited
30/09/13 390
Fun City (Uk) Ltd
31/12/13 391
Funomatics Limited
30/04/13 392
Funspot Limited
31/12/13 393
Funtime Hire Limited
31/03/14 394
Future Machines Limited
31/07/13 395
Futuristic Services Limited
31/03/14 396
G.A. Estate Agency Limited
30/04/13 397
G & L Properties Limited
31/03/14 398
G & P Amusements Limited
31/12/13 399
Gaiety (Clacton) Limited
30/09/13 400
Gailygain Limited
31/12/13 401
Gala County Clubs Limited
28/09/13 402
Gala Leisure Limited
28/09/13 403
104 | Chapter Four Company Accounts
Latest
Company Name
AccountsPage
Gambit Gaming Limited
30/06/13 404
Game Concepts Limited
31/03/14 405
Gameplan Gaming And Leisure Equ.. 30/09/14 406
Games Warehouse Limited
31/12/13 407
Gametech International Limited
05/04/14 408
Game World Limited
30/11/13 409
Gary Parkes Music Limited
31/01/14 410
G C B (Leisure) Limited
31/12/13 411
Gem Automatics Limited
31/03/14 412
Genesis Games Limited
31/01/14 413
George Irvin (Amusements) Ltd
31/01/14 414
George Wilkie & Company (Wallas..
30/09/14 415
Gloversfield Limited
31/03/14 416
Goldrush Amusements Ltd
31/07/13 417
Grand Amusements Limited
31/03/14 418
Grand Pier (Teignmouth) Limited
31/03/14 419
Grand Pier Limited
31/03/14 420
Grandspan Limited
31/05/14 421
Grange Park Opera
31/08/13 422
Grays Amusements Limited
31/01/14 423
Greene King Leasing No.1 Limited
28/04/13 424
Green Man Catering Ltd
31/03/14 425
Grilli 1887 Limited
31/03/14 426
Group Leisure Limited
30/09/13 427
G S Engineering Ltd
31/03/14 428
Guidemode Limited
31/01/14 429
Gulate Limited
30/09/13 430
Gullivers Kingdom Limited
31/12/13 431
Gullivers Land Limited
31/12/13 432
H. B. Leisure Ltd.
24/03/13 433
H.S.Hodgson(Scarborough)limited
30/11/13 434
Halcyon Dealers Limited
31/03/14 435
Hall Leisure Limited
31/10/13 436
Hambrid Limited
31/03/14 437
Hamlin Leisure Limited
31/01/14 438
Happ Controls Europe Limited
31/12/13 439
Happy Days (2000) Limited
31/01/14 440
Harbour Park Limited
28/02/14 441
Harem Leisure (1994) Limited
28/02/14 442
Harker Leisure Limited
30/11/13 443
Harpridge Limited
31/03/14 444
Harris Arts And Heritage Limited
31/12/13 445
Harry's Game Limited
28/02/14 446
Harry Halls Amusements (Matlock..
30/04/14 447
Harry Levy Amusement Contractor..
30/04/14 448
Harry Swaddle Limited
31/12/13 449
Hayton Automatics Limited
30/11/13 450
Hazel Electronics Ltd
31/07/13 451
Heatherton Country Sports Park..
31/01/14 452
Heddleworth (Amusements) Limited
31/10/13 453
Heddon Stables Limited
31/05/14 454
Hemingway Professional Amusemen.. 31/03/14 455
Henacre Limited
31/03/14 456
Henry Marshall And Sons Limited
30/09/13 457
Hereford Automatics Limited
31/05/13 458
Herne Bay Leisure Limited
30/04/14 459
Herondata Sales Limited
30/04/14 460
Hessle Automatics Limited
31/08/13 461
Highlime Limited
31/03/14 462
Hinds Figures Ltd
31/03/14 463
Hm Amusements Limited
30/06/13 464
Holland Leisure Limited
31/03/14 465
Holland Park Leisure Limited
31/03/14 466
Honiton & District Carnival
31/12/13 467
Hornes Amusements Limited
31/12/13 468
Houghton Investments Family Lei..
30/04/14 469
Hull's Enterprises Limited
31/12/13 470
Hurricane Productions Limited
30/06/13 471
Hynd Brothers (Entertainments)..
31/03/13 472
I B Media Limited
31/07/14 473
Ice Magic International Limited
28/02/14 474
Igt-Uk Gaming Limited
28/09/13 475
Image Dynamix Ltd
31/01/13 476
Impact Products Limited
31/07/13 477
Latest
Company Name
AccountsPage
Independent Leisure Limited
30/09/13 478
Inn-House Automatics Limited
31/03/14 479
Innovation Care Limited
31/12/13 480
Innovative Leisure Limited
30/09/13 481
Innovative Technology Limited
31/12/13 482
Inspired Gaming Group Limited
27/09/14 483
Instance Automatics Limited
31/12/13 484
Interlink L.G. Limited
31/08/13 485
Interpark International Limited
31/03/14 486
In Touch Amusement Limited
31/08/13 487
In Touch Games Limited
31/07/13 488
Irvins Amusements Limited
31/03/14 489
Island Leisure (Wales) Limited
31/07/13 490
Itza Pleasure Limited
30/06/13 491
Ivor Thomas (Amusements) Limited
30/04/13 492
J. & L. Leisure (Amusements) Li..
31/03/14 493
J.E. Sheeran (Amusement Arcades..
31/12/13 494
J. Holland & Sons Limited
31/03/14 495
J.N.C. Enterprises Limited
31/03/14 496
J. Noble & Sons Limited
30/04/13 497
J.R.S. Leisure Limited
31/03/14 498
J. R. Seldon & Sons Limited
31/01/14 499
J.Wright (Gaming) Company Limit..
31/03/14 500
J & W Enterprise Limited
31/08/13 501
Jabro Games Limited
31/12/13 502
Jackpot Amusements Limited
31/03/14 503
Jackpoteers Limited
31/03/14 504
Jacobs Theatre & Leisure Group..
31/03/14 505
James Holmes Ltd
31/03/14 506
James Mellors Limited
31/05/13 507
Jara Amusements Ltd
31/07/13 508
Jaybee (Blake) Limited
31/01/14 509
Jaybox Limited
31/12/13 510
J B Jones (Amusements) Limited
31/12/13 511
J C Amusements Limited
31/01/14 512
Jeffries Leisure Limited
31/10/13 513
Jesters Limited
30/04/14 514
Jha Associates (Uk) Limited
31/12/13 515
Jm & Jr Leisure Ltd.
30/09/13 516
Jms Amusements Limited
31/12/13 517
Jnrs. Amusement Rides Limited
28/02/14 518
John Codona's Pleasure Fairs Li..
31/01/14 519
John Ferguson Spares Limited
30/04/14 520
John Icke Automatics Limited
31/12/13 521
John Ling & Son Limited
31/03/14 522
Johnny's Entertainments (Tynesi..
31/03/13 523
John Wall & Son Pleasure Fairs..
31/03/14 524
Joker Leisure Limited
31/08/13 525
Jolly Roger (Amusement Rides) L..
30/04/14 526
Joyland Amusement Centres Limit..
31/12/13 527
J R Gaming Limited
31/03/14 528
Js Classics Ltd
31/08/13 529
J S P Leisure Ltd
31/03/14 530
J T P Amusements Ltd
31/01/14 531
Jumicar (Nottinghamshire) Limit..
30/09/13 532
Jupiter Sales Company Limited
31/07/13 533
Jvc Leisure Limited
30/09/13 534
K.W. Reader & Sons Limited
30/04/14 535
K & J Leisure Limited
31/12/13 536
Kayco (Properties) Limited
31/03/14 537
Ke Automatics Limited
31/12/13 538
Keeday Leisure Equipment Limited
30/04/13 539
Ken Joynes & Son Ltd
30/09/13 540
Kid'z Play Limited
31/08/14 541
Kifdo Limited
31/01/14 542
Kimbo Leisure Ltd
31/12/13 543
Kingsbridge Automatics Limited
31/07/13 544
Kingston Leisure Limited
30/09/13 545
Kirkern Limited
31/03/14 546
Knightlys European Leisure Limi..
31/12/13 547
Knockhatch Adventure Park Limit..
30/09/13 548
Kontoor South Wales Limited
31/07/13 549
Kory Bingo Machines Limited
31/05/13 550
Kossway Automatics Limited
31/01/14 551
February 2015 Edition
Latest
Company Name
AccountsPage
L.B. Adelphi Limited
31/07/13 552
L & M Entertainments Limited
31/03/14 553
Ladygate Leisure Limited
31/03/14 554
Lakerose Leisure Limited
31/12/13 555
Lakeside Leisure Limited
15/10/13 556
Landmark Entertainments Limited
30/09/13 557
Lapcad Limited
30/04/14 558
Laser Leisure Limited
31/03/14 559
Las Vegas Amusements Limited
30/04/14 560
Latgreen Limited
31/03/14 561
Laud Limited
30/11/13 562
Leeds Leisure Limited
31/12/13 563
Legoland Windsor Park Limited
28/12/13 564
Leisure Electronics Limited
31/07/13 565
Leisureland (Bridlington) Limit..
30/04/13 566
Leisureland Limited
31/12/12 567
Leisureline Amusement Services..
31/03/14 568
Leisure Machine Solutions Limit..
31/03/14 569
Leisureranch Limited
28/02/14 570
Leisure Technical Consultants L..
31/12/13 571
Leisure Technique Limited
30/04/14 572
Leisure-Tek (East Anglia) Limit..
31/03/14 573
Leisure Time (Derby) Limited
30/04/13 574
Leisuretime Amusements Ltd.
30/11/13 575
Lightwater Leisure Limited
31/03/14 576
Lightwater Valley Attractions L..
31/01/14 577
Lincoln Gaming Limited
31/10/14 578
Lincolnshire Automatics Limited
31/12/13 579
Linland Limited
30/09/13 580
Littlemore Enterprises Limited
31/03/14 581
Llanelli & District Model Engin..
31/03/14 582
Local Leisure Limited
31/12/13 583
London Leisure Services Limited
31/03/14 584
Longsands Limited
31/12/13 585
Looe Leisure Limited
31/10/13 586
Lord Corrigan Promotions Limited
28/02/14 587
Lord George Leisure Ltd.
30/09/13 588
Lothian Amusements Limited
30/09/13 589
Luxor Leisure Limited
30/11/13 590
Luxury Amusements Limited
30/04/13 591
Luxuryfuture Limited
30/04/13 592
Luxury Leisure
31/10/13 593
Lynn Leisure Limited
30/06/13 594
Lynx Leisure Limited
18/01/14 595
M. & J. Dobson (Entertainments)..
30/04/13 596
M.B. Leisure Limited
31/12/12 597
M.G. Leisure Limited
30/09/13 598
M.J.S. Amusements Limited
31/03/14 599
M. S. L. Leisure Limited
30/09/13 600
M & D (Leisure) Limited
31/01/14 601
Mac Automatics Limited
30/09/14 602
Macdonald Dona Lola No.1 Limited
27/03/14 603
Maine Amusements Limited
30/04/13 604
Majestic Amusements Enterprises..
30/09/14 605
Making Fun Limited
31/12/13 606
Manco Automatics Limited
31/03/14 607
Manning Amusement Parks Limited
31/03/14 608
Mannings Amusements Limited
31/05/13 609
Mannings Organisation Limited
31/03/14 610
Manns Amusements Limited
31/12/13 611
Manzi Leisure Limited
31/03/14 612
Mark Sey Enterprises Limited
05/04/14 613
Martins Amusements Limited
31/03/14 614
Martins Reel Games Limited
31/03/14 615
Mason's Automatic Supplies Limi..
30/04/13 616
Masons Amusements (Cleveleys) L..
30/04/13 617
Masters Putting Southport Ltd
31/07/13 618
Masterview Limited
30/09/14 619
Matsu Coin & Slot Amusement Mac.. 31/12/13 620
Maximum Fun Cornwall Limited
31/01/14 621
Mda Property Developments Limit..
30/06/14 622
M D Leisure Limited
31/10/13 623
Mega Leisure (Scotland) Limited
31/08/13 624
Mega Leisure (Shawlands) Limited
31/01/14 625
February 2015 Edition
Latest
Company Name
AccountsPage
Meridian Leisure Services Direc..
30/06/13 626
Metro Starcare Ltd
30/06/13 627
Mgk Leisure Limited
31/03/14 628
M G M Leisure Limited
31/05/13 629
Midland Leisure International L..
31/01/14 630
Mike Loveless & Sons Limited
31/03/14 631
Military Odyssey Limited
31/10/13 632
Millers Amusements Limited
30/11/13 633
Minnesota Fats Limited
31/01/14 634
Mirage Leisure Limited
31/03/14 635
Mitonsede Limited
30/09/13 636
Molina Leisure Limited
31/12/13 637
Moloney Automatics Limited
31/12/13 638
Monico Amusements Limited
31/08/13 639
Morris Amusements (Holdings) Li..
31/12/13 640
Morris Amusements Limited
31/12/13 641
Morse Enterprises Limited
30/06/13 642
M P Leisure Ltd
31/03/14 643
Murphys Waves Limited
31/01/14 644
Mw Amusements Limited
31/03/14 645
National Trust (Enterprises) Li..
28/02/14 646
Natl. Amusements (Uk) Limited
02/01/14 647
Netherfield Amusements Limited
30/06/14 648
Neuman Aqua Limited
31/12/13 649
Newby Automatics Limited
31/12/13 650
New Coin Automatics Limited
31/10/13 651
New Horizon Limited
31/08/14 652
New Palace (Dunblane) Limited
30/11/13 653
Newton Leisure (Scotland) Limit..
31/12/13 654
Nickelodeon Property Developers..
31/07/13 655
Noraut Limited
31/08/13 656
Norfolk Dinosaur Park Limited
31/12/13 657
Northern Leisure Group Limited
30/06/14 658
Northumbria Leisure Limited
31/10/13 659
North Wales Amusements Limited
28/02/14 660
Nouveau Enterprises Limited
31/03/14 661
Novomatic Uk Ltd
31/12/13 662
Nrc Group Ltd
31/03/14 663
Nsm Music Limited
31/12/13 664
Oak Amusements Limited
14/09/13 665
Oak Lodge Automatics Limited
31/12/13 666
Oakwood Leisure Limited
31/10/14 667
Oasis Amusements Limited
31/03/13 668
Oasis Family Leisure Limited
30/09/13 669
Oasis Leisure Group Limited
31/12/13 670
Oasis Retail Services Limited
31/12/13 671
Ocean Amusements Limited
31/03/14 672
O Kay Automatics Limited
30/09/13 673
Oldland Leisure Limited
31/01/14 674
Olympia Amusement Centre Limited
31/03/14 675
Optical Record Systems Limited
31/01/14 676
Orgacontrol Amusement Limited
31/12/13 677
Oulton Broad Leisure Limited
31/03/14 678
Overs And Rich Limited
31/05/13 679
P.C.P. Micro Products Limited
30/06/13 680
P.L.R. Leisure Limited
31/03/14 681
P.P. Leisure Activities Limited
31/03/14 682
P & M Amusements Limited
31/10/13 683
P & S Amusements Limited
31/03/14 684
Page Amusement Arcade Limited
31/08/14 685
Page Global Ltd
31/07/13 686
Paramus Limited
30/09/13 687
Parkers Leisure (Holdings) Limi..
31/12/13 688
Parkinsons (Machines And Vehicl..
31/03/14 689
Park Leisure 2000 (Northumberla..
31/12/13 690
Party Pieces Marquees Ltd
30/04/14 691
Pastimes (Hornsea) Limited
30/11/13 692
Pastimes (Hull) Limited
31/10/13 693
Pastimes And Amusements (Barmou.. 05/04/14 694
Pat Kelly (Machine Rentals) Lim..
31/10/13 695
Paul & Gary Investments Limited
31/03/14 696
Pavilion Amusements Limited
30/11/13 697
Perfect Park Limited
31/12/13 698
Peterborough Automatics Limited
31/03/14 699
odd-page-marker
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Latest
Company Name
AccountsPage
Phoenix Leisure Limited
31/03/14 700
Photo - Me International P L C
30/04/14 701
Picsolve International Limited
28/02/14 702
Pier Amusements Felixstowe Ltd
31/03/14 703
Pinball Heaven Limited
31/10/14 704
Pioneer Leisure Limited
30/11/13 705
P J Booth Limited Liability Par..
30/04/13 706
Plainscoop Limited
31/10/13 707
Planetfun Ltd
31/08/13 708
Players Amusements Limited
31/07/13 709
Playland Holdings Limited
30/04/14 710
Playmore Limited
31/03/14 711
Playnation Limited
15/03/14 712
Playpark Amusements Limited
31/03/13 713
Play Parks Limited
31/03/14 714
Pleasure & Leisure Corporation..
31/03/14 715
Pleasure Beach Amusements (Skeg.. 31/03/14 716
Pleasurewood Hills Limited
30/09/13 717
Pms International Group Plc
30/11/13 718
Pocock Amusements Limited
30/11/13 719
Pontypool Automatics Ltd
31/07/13 720
Poundpalm Limited
30/04/14 721
Premier Amusement Supplies Limi..
31/01/14 722
Premier Automatics Limited
31/05/13 723
Price's Amusements Limited
31/03/14 724
Professional Leisure Services L..
31/03/14 725
Profill Leisure (Uk) Limited
30/11/13 726
Project Coin Machines Limited
30/11/13 727
Purple Penny (Ilfracombe) Limit..
31/12/13 728
Pwllheli Amusements Limited
31/10/13 729
Quality Amusements Limited
31/08/13 730
Quayside Leisure Limited
30/04/14 731
Queensgate Leisure Services Lim..
30/09/13 732
R. & F. Wilmot Ltd.
31/01/14 733
R.& K.Edwards & Co.Limited
31/03/14 734
R. And J. Leisure Limited
31/03/14 735
R.G. Mitchell (Amusements) Limi..
31/03/14 736
R.W.D. Limited
31/10/13 737
R. Woodford & Sons Limited
31/05/13 738
R & J's Bouncy Castle Hire Limi..
31/03/14 739
Rainbow Arcades Limited
31/08/13 740
Rainbow Productions Limited
30/04/13 741
Rainbows End Cafe Ltd
30/06/13 742
Ral Limited
08/06/13 743
Rank Leisure Limited
30/06/14 744
Ravers Trading Ltd
31/12/13 745
Ray Parkin & Sons Limited
31/12/13 746
Reaptry Limited
31/12/13 747
Recaf Equipment Limited
30/04/13 748
Red Products Limited
31/07/13 749
Reel Control Limited
30/06/13 750
Reel Leisure Limited
31/12/13 751
Reel Leisure Time Limited
30/11/13 752
Reels In Motion Limited
30/11/13 753
Reel Time Events Limited
30/04/13 754
Reeves Amusement Rides Ltd
31/05/13 755
Reflex Gaming Limited
31/12/13 756
Regal Amusements (North East) L..
31/01/14 757
Regency Leisure Limited
30/04/14 758
Remco Leisure Limited
31/03/14 759
Rent-Right Properties (Uk) Limi..
31/07/13 760
R G W Play Area Maintenance Lim..
31/03/14 761
Richard Jarvis Lighting Limited
31/03/14 762
Richmondshire Leisure Trust
31/03/14 763
Riverside Leisure Limited
31/03/14 764
Riviera Leisure Limited
31/03/14 765
Rogue Leisure Ltd
31/12/13 766
Rolling Productions Limited
30/04/14 767
Rose's Pleasure Parks Limited
31/12/13 768
Rubicon Pastimes Limited
31/10/13 769
Russko Limited
31/03/14 770
R V Smith Leisure Ltd.
31/03/14 771
Ryebridge Ventures Limited
31/05/14 772
S.A.L. Holdings Limited
31/12/13 773
Chapter Four Company Accounts | 105
Subscribe Now
Latest
Company Name
AccountsPage
S.A.L. Leisure Limited
31/10/13 774
S. H. Fab Limited
28/02/14 775
S & D Leisure (Europe) Limited
31/03/14 776
Sag Realisations Limited
30/09/14 777
Sanc Enterprises Limited
31/12/13 778
Sanders Pool Table Hire Limited
31/03/14 779
Sandown Pier Leisure Limited
31/03/14 780
Sandside Associates Limited
31/03/14 781
Saturn Imagineering Limited
31/12/13 782
Savoy Enterprises Limited
31/01/13 783
Sayers Amusements Limited
30/09/13 784
Sceptre Leisure Plc
30/04/13 785
Sceptre Leisure Solutions Ltd.
30/04/13 786
S C Leisure Limited
31/12/13 787
Scottalbion Properties Limited
30/09/13 788
Seafront Amusements Limited
31/03/14 789
Sea Life Surveys Limited
31/03/14 790
Sefton Automatics Limited
31/07/13 791
Sega Amusements Europe Limited
31/03/14 792
Sega Europe Overseas Limited
31/03/13 793
Select Gaming Limited
30/11/13 794
Serendipity Entertainments Limi..
30/04/13 795
Service Gaming Europe Limited
31/12/13 796
Seven Stars Amusements Limited
28/02/14 797
Shaw's Amusements Limited
31/12/13 798
Shaws Pastimes Limited
31/10/13 799
Shipley (Leisure) Enterprises L..
31/03/14 800
Shuttle Leisure Limited
30/09/14 801
Silcock's Fun Fairs Limited
31/08/13 802
Silcock Leisure Group Limited
28/02/14 803
Silver Dollar Amusements Limited
31/03/14 804
Silverking Leisure Limited
30/04/13 805
Silvertime Amusements Limited
31/10/13 806
Sims Automatics Limited
31/03/14 807
Sim-Worx Limited
31/12/13 808
Six Piers Limited
31/03/14 809
Skegness Pier Co Limited
31/12/13 810
Skirmish Bristol Limited
31/07/14 811
Slot Leisure Limited
30/06/13 812
S L Standard Leisure Ltd.
31/10/13 813
Smart Capital Technology Limited
30/04/13 814
Smiles For Miles Limited
30/09/13 815
Smugglers Amusements Limited
31/12/13 816
S N J Leisure Limited
30/06/14 817
Solomon Associates (Uk) Limited
31/07/13 818
Soltine Limited
31/12/13 819
Somerset House Trust
31/03/14 820
Sound & Leisure Services Limited
31/03/14 821
Sound Leisure Limited
30/04/13 822
South Cliff Tower (Eastbourne)..
31/12/13 823
South Coast Amusements Limited
31/08/13 824
South Downs Ballooning Ltd
31/12/13 825
South Eastern Coin Equipment Li..
31/10/13 826
Southern City Leisure Limited
31/12/13 827
South Lakeland Leisure
31/03/14 828
South Wales Leisure Amusements..
30/04/14 829
South West Amusements Limited
31/03/14 830
Spanish City Ltd
28/02/14 831
Spirit Of The West Limited
05/04/14 832
Stade Developments (Hastings) L..
30/11/13 833
Stadeways Limited
31/10/13 834
Staffner Limited
30/09/13 835
Standard Machine Co.Limited
03/07/14 836
Stanley Thurston & Sons Limited
31/05/13 837
Star Amusements Limited
31/03/14 838
Stardust Leisure (2000) Limited
31/05/14 839
Stardust Leisure Limited
31/05/14 840
Steau Limited
31/12/13 841
Stemik Gaming Limited
31/07/13 842
Stevens Amusements Limited
30/11/13 843
Stewart Denis Automatics Limited
31/03/14 844
Stm Leisure Limited
30/04/13 845
Stockvale Limited
31/12/13 846
Storybook Glen Limited
28/02/14 847
106 | Chapter Four Company Accounts
Latest
Company Name
AccountsPage
Summertime Automatics Limited
30/06/14 848
Summertime Leisure Limited
31/12/13 849
Summit Leisure (Deansgate) Limi..
31/07/13 850
Summit Leisure (Liverpool) Limi..
30/04/14 851
Summit Leisure (Market Street)..
31/07/13 852
Summit Leisure Limited
28/02/13 853
Sun Orbit Amusements (London) L..
30/04/14 854
Sun Orbit Amusements Limited
30/04/14 855
Sun Orbit Supplies Limited
31/03/14 856
Sun Valley Amusements (Blackwoo..
31/07/14 857
Sun Valley Holdings
31/10/13 858
Suzo International (Uk) Limited
31/12/13 859
Symonds Yat Leisure Park Limited
31/03/14 860
T.E. Cordwell (Hyde) Limited
30/04/13 861
T.P.Holland & Son Limited
31/03/13 862
T & A Amusements Limited
31/03/13 863
Tablesport Limited
31/05/14 864
Takesecure Limited
31/12/13 865
Tappenden Management Limited
30/09/13 866
Taylor's Entertainments Limited
31/03/14 867
Taylor Made Fun Limited
31/03/14 868
Taylors Cumbrian Amusements Lim..
31/03/14 869
Tcs John Huxley Limited
31/12/13 870
Tdi Leisure Limited
31/03/14 871
Tear-Away Leisure Limited
31/03/14 872
Teddy Clark Amusements Limited
31/03/14 873
Teddy Clark Limited
31/03/14 874
Teen Spirit Limited
31/01/14 875
Telco Trading Limited
31/08/13 876
Terminator Ltd
31/03/14 877
Terror-Fear Factory Limited
31/12/13 878
Terror Towers Limited
31/03/14 879
Texdeck Limited
31/03/14 880
The County Of Northampton Counc..
31/03/14 881
The Fylde Society Of Model Engi..
31/12/13 882
The Juice Films Limited
31/03/14 883
The Mellors Group Limited
31/05/13 884
The New Walton Pier Company Lim..
31/03/14 885
The Noble Leisure Company Limit..
31/07/13 886
The Storey Group Limited
30/09/13 887
The Vintage Amusement Company L.. 28/02/14 888
The Wild West Rodeo Company Lim.. 31/01/14 889
Thomas's Entertainments (Leices..
31/03/14 890
Thomas's Entertainments Limited
31/05/14 891
Thomas & Anca Club Supplies Lim..
31/07/13 892
Thomas Organisation Limited(The)
31/03/14 893
Thurston Enterprises Limited
31/12/13 894
Thwaites Entertainments Limited
31/03/14 895
Timber Play Ltd.
31/12/13 896
Tivoli Manufacturing Limited
31/08/13 897
Token Amusements Limited
31/07/13 898
Tonys Bar Limited
31/03/14 899
Top Gun Clay Shoot Limited
31/12/13 900
Tornado International Limited
30/11/13 901
Totnes And District Show Society
31/10/13 902
Town & County Leisure Limited
31/12/13 903
Trafalgar Leisure Ltd
31/03/14 904
Traylens Amusements Limited
31/03/13 905
Treatview Limited
31/05/13 906
Triangle Amusements Limited
31/03/14 907
True Amusements Ltd
30/11/13 908
Tsh Holdings Limited
31/03/13 909
Tuned Services Limited
28/02/14 910
Tunmore Leisure Limited
31/07/13 911
Tyneside Automatics Limited
31/12/13 912
Tyne Tees Entertainments Limited
31/12/13 913
Uk Simulators Limited
31/03/14 914
Unicorn Investments(Kent) Limit..
30/04/14 915
Unitarian Meeting House Managem..
31/12/13 916
United Distributing Company (Co..
30/11/13 917
Universal Investment & Manufact..
31/12/13 918
Urban Event Services Ltd
31/01/14 919
Urmston Automatics Limited
30/09/13 920
Vale Leisure & Sports Services..
31/10/13 921
Latest
Company Name
AccountsPage
Valmatics (Swansea) Limited
30/04/13 922
Vegas Amusements Limited
30/09/13 923
Vu Games Limited
31/07/14 924
W. & J. Shaw's Pastimes (Wither..
31/10/13 925
W. And K.N. Rowland (Yate) Limi..
31/12/12 926
W.H. Marshall Limited
31/03/14 927
W.M.T.Entertainments Limited
31/07/13 928
W. P. Underwood Limited
30/11/13 929
Wadbrook Amusements Limited
31/12/13 930
Wads Limited
04/01/14 931
Wakley Automatics Limited
30/09/13 932
Water Leisure Limited
31/03/14 933
Waterways Caravan Park & Amusem.. 31/03/13 934
Way Out West Organisation Limit..
31/03/14 935
Websons (8) Limited
31/10/13 936
Wessex Coin Limited
28/02/14 937
West,bartram And Clark Limited
30/11/14 938
West Coast Amusements Limited
30/09/14 939
Western Leisure And Amusements..
31/10/13 940
Western Leisure Limited
31/01/14 941
West Midlands Leisure Limited
31/12/13 942
Wharton Amusements Limited
31/01/14 943
Wharton Leisure Limited
30/11/13 944
White Heather Salon Limited
30/11/14 945
White Leisure Limited
30/04/14 946
White Rose Leisure (Yorkshire)..
05/04/14 947
Whitesides Limited
30/09/13 948
Whittaker Bros. (Amusement Ride..
31/12/13 949
Wicksteed Park Limited
28/02/14 950
Wight Amusements Limited
31/03/13 951
Wight City Leisure Limited
31/03/14 952
Wilkie Leisure Group Limited
30/09/13 953
William Briggs & Sons Limited
31/12/13 954
Wilson Leisure Limited
30/11/13 955
Wilsons Amusements (Redditch) L..
28/02/14 956
Winchester Automatics Limited
31/05/14 957
Winners Gaming Limited
31/03/14 958
Witnall Automatics Limited
30/06/13 959
Wizard Amusements Limited
31/12/13 960
Wms Gaming (Uk) Limited
30/06/14 961
Woodford's Of Oxford Limited
31/10/13 962
Worldwonder Limited
31/12/13 963
Worthing Pier Amusements Limited
31/10/13 964
Wroxham Leisure Limited
30/11/13 965
Wycombe Coin Limited
31/03/14 966
Ying Yang Limited
30/04/13 967
York Coin Leisure Limited
30/09/13 968
Zebran Limited
30/09/13 969
Zenith Leisure Uk Ltd
31/03/14 970
Zone Leisure Technology Limited
31/07/13 971
February 2015 Edition
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Photo - Me International P L C
Registered Office
Church Road
Bookham
Surrey
KT23 3EU
01372453399
Trading Address & Tel
Church Road
Bookham
Surrey
KT23 3EU
01372453399
Reg No & Incorp Date
Reg No: 00735438
Incorp Date: 14/09/1962
Auditor: Kpmg Audit Plc
Previous Name:
Credit Worthiness
High credit score numbers denote
more credit worthiness. Please
exercise caution when using this
type of information.
Directors & Co Secretary
Shareholders
Yitzhak Apeloig (55)
Ms Francoise Rose Georgette Coutaz-Replan (57)
Mr Serge Paul Crasnianski (72)
Jean Marcel Denis (77)
Mr John Henry James Lewis (74)
Mr Robert Emerson Lowes
Mr Delmo Rinaldo Vincenzo Primo Mansi
Mr Emmanuel John Olympitis (66)
Land & Buildings
Fixtures & Fittings
Plant & Vehicles
Other Tangible Assets
Total Tangible Assets
Intangible Assets
Investments
Total Fixed Assets
Stock
Debtors
Cash & Liquid Assets
Other Current Assets
Total Current Assets
Trade Creditors
Bank Loans & Overdrafts
Other Current Liabilities
Total Current Liabilities
Working Capital
Net Assets
Group Loans
Other Long Term Loans
Long Term Loans
Other Long Term Liabilities
Issued Capital
Retained Earnings
Revaluation Reserve
Other Reserves
Shareholder Funds
Capital Employed
20
Reg No
Assets
Turnover
30/04/11
Yes
12
1265
30/04/10
Yes
12
1328
00535600
02564709
30/04/14
Yes
12
1110
30/04/13
Yes
12
1106
30/04/12
Yes
12
1128
2010
2011
2012
Credit Given (Days)
2013
2014
Credit Taken (Days)
Debt Ratio & Current Ratio
60,116,000
60,116,000
20,461,000
65,243,000
65,243,000
19,773,000
71,826,000
11,196,000
9,864,000
60,996,000
5,329,000
87,385,000
14,678,000
69,938,000
13,241,000
7,746,000
59,651,000
5,234,000
85,872,000
14,172,000
73,597,000
16,931,000
9,790,000
54,605,000
4,749,000
86,075,000
15,094,000
80,577,000
20,858,000
12,426,000
56,212,000
8,043,000
97,539,000
31,587,000
46,265,000
41,120,000
112,946,000
33,433,000
47,605,000
38,267,000
108,205,000
34,445,000
49,539,000
36,536,000
110,133,000
11,259,000
57,507,000
68,766,000
28,773,000
109,350,000
85,016,000
22,747,000
13,310,000
41,916,000
6,445,000
84,418,000
18,134,000
16,351,000
31,299,000
65,784,000
18,634,000
103,650,000
64,000
64,000
9,768,000
53,000
53,000
10,991,000
91,000
91,000
14,202,000
195,000
195,000
21,335,000
562,000
562,000
25,528,000
83,332,000
72,295,000
74,994,000
64,374,000
57,996,000
19,782,000
103,114,000
112,946,000
24,866,000
97,161,000
108,205,000
20,846,000
95,840,000
110,133,000
23,446,000
87,820,000
109,350,000
19,564,000
77,560,000
103,650,000
186,598,000
139,400,000
47,198,000
16,932,000
30,266,000
195,590,000
153,363,000
42,227,000
18,028,000
24,199,000
207,841,000
169,340,000
38,501,000
18,482,000
20,019,000
219,820,000
183,142,000
36,678,000
18,290,000
18,388,000
222,507,000
193,955,000
28,552,000
18,016,000
10,536,000
227,000
30,493,000
-400,000
30,093,000
8,514,000
21,579,000
11,337,000
10,085,000
533,000
24,732,000
-426,000
24,306,000
6,746,000
17,560,000
19,970,000
-2,565,000
844,000
20,863,000
-723,000
20,140,000
5,594,000
14,546,000
3,657,000
10,692,000
476,000
18,864,000
-861,000
18,003,000
4,252,000
13,751,000
13,751,000
470,000
11,006,000
-1,752,000
9,254,000
2,453,000
6,801,000
948,000
8,774,000
Notes to Exports
Accounts Director Remuneration
Employee Remuneration
Audit Fee
43,837,000
159,000
1,386,000
45,937,000
157,000
1,340,000
51,177,000
153,000
1,384,000
50,824,000
179,000
1,760,000
52,203,000
163,000
Flow of
Profit Generated
Funds
Depreciation
Statement Change In Debtors
Change In Creditors
Change In Stock
Operating Cash Flow
30,093,000
14,313,000
-2,118,000
506,000
2,045,000
44,839,000
24,306,000
15,992,000
2,044,000
-922,000
3,690,000
45,110,000
20,140,000
20,256,000
2,636,000
15,094,000
3,927,000
62,053,000
18,003,000
25,963,000
884,000
-18,134,000
1,889,000
28,605,000
9,254,000
26,332,000
2,244,000
2,908,000
1,741,000
42,479,000
25.29/48.21
16.22/7.40
16.34/14.26
19.15/6.82
27.00/8.00
20.93/6.75
1.89/2.34
1.65/2.22
0.35/0.64
/3.26
19/34
38/50
2.60/1.19
16.67/16.69
18.92/10.74
168/75
39/21
-4.60
0.36
21.59/50.69
12.37/1.37
12.65/12.51
15.87/5.25
22.86/6.43
18.07/3.27
1.80/3.04
1.53/2.92
0.38/0.68
/1.54
14/35
34/53
2.80/1.33
14.77/16.67
25.25/10.41
177/65
42/17
-5.89
-1.95
18.52/49.82
9.63/7.33
10.04/16.75
13.07/7.08
18.94/7.96
15.18/6.81
1.74/2.78
1.40/2.67
0.40/0.67
/1.95
17/34
33/49
2.82/1.13
12.28/17.46
21.23/10.76
184/73
45/21
-5.45
-10.83
16.68/47.88
8.36/3.77
8.58/10.02
10.59/4.63
17.25/5.80
15.66/0.56
1.42/2.21
1.12/2.08
0.51/0.65
/1.61
21/35
/64
2.73/1.08
10.54/14.36
17.69/10.35
174/71
40/18
-1.21
-4.74
12.83/47.10
4.74/5.89
4.95/8.03
6.50/3.76
10.62/5.04
8.77/1.90
1.28/1.15
0.94/1.03
0.54/0.69
/1.37
22/33
34/42
2.62/0.61
9.78/16.29
16.72/11.22
168/75
39/19
5.68
-10.57
February 2015 Edition
40
35
30
25
20
15
10
5
0
3 .0
54,744,000
54,744,000
18,853,000
Gross Profit Margin (%)
Operating Profit Margin (%)
PBIT Margin (%)
Return On Total Assets (%)
Return On Capital Employed (%)
Return On Equity (%)
Current Ratio
Quick Ratio
Debt Ratio
Times Interest Earned
Credit Given (Days)
Credit Taken (Days)
Fixed Asset Turnover
Stock Turnover
Debtor Turnover
Sales Per Employee (£000's)
Average Wage (£000's)
Growth In Sales (%)
Growth In Employees (%)
2015
Industry Average Credit Score=43
Credit Control
53,223,000
53,223,000
16,715,000
Ratio
Analysis
(Co / Ind
Ave)
0
Company Credit Score=92
56,139,000
56,139,000
15,687,000
Profit
Turnover
& Loss
Cost Of Goods Sold
Statement Gross Profit
Administrative Expenses
Operating Profit
Exceptional Items
Non-trading Income
Profit Before Interest & Tax
Interest Paid
Pre-tax Profit
Tax Paid
Profit After Tax
Dividends
Retained Profit
40
Suggested Credit Limit: £7,200,000
Parent & Subsidiaries
Ultimate Parent:
Parent:
Photo-Me Limited
Pmi Photomagic Limited
(Plus A Total Of 7 Others)
Balance
Sheet
60
County Court Judgments In
Last Six Years:
TOT NO =
TOT GBP =
Business Description
A Group Engaged In The Operation, Sale And Servicing For A Wide Range Of Instant Service Equipment.
year end
consolidated
number of months
number of employees
80
2 .5
2 .0
1 .5
1 .0
0 .5
0 .0
2010
2011
Company Debt Ratio
Company Current Ratio
2012
2013
2014
Industry Average Debt Ratio
Industry Average Current Ratio
Turnover Growth (% of 2012)
100
80
60
40
20
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0
2010
2011
Company Turnover
2012
2013
2014
Industry Average Turnover
Turnover Analysis (Estimate in £M's)
350
300
250
200
150
100
50
0
2010
2011
Company Turnover
Turnover Analysis Using Stock
2012
2013
2014
Turnover Analysis Using Debtors
Turnover Analysis Using Fixed Assets
Sales Per Employee (£000's)
150
100
50
0
2010
2011
Company Sales/Employee
2012
2013
2014
Industry Average Sales/Employee
Profit Margins (%)
50
40
30
20
10
0
2010
2011
Company Operating Margin
Company Gross Margin
2012
2013
2014
Industry Average Operating Margin
Industry Average Gross Margin
Chapter Four Company Accounts | 107
108 |
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Chapter Five Terms & Ratios
Balance Sheet Items
The balance sheet represents a snapshot of a company's assets. It does not however reflect a complete or
otherwise considered "private" financial position of a firm. It is simply a record of the uncharged expenses to
date. The balance sheet is often open to manipulation. Depending upon what sort of public impression is desired,
financial changes occurring within a company may be disclosed or concealed by massaging the balance sheet.
It is consequently important to read the notes to accounts. Failure to do so could lead to misleading conclusions
about a firm's financial position. Full notes to company accounts can be obtained direct from Companies House.
The balance sheet breaks down as follows: total assets = (fixed assets + current assets) - current liabilities, is
equivalent to or otherwise financed by, long term liabilities + shareholder funds.
Fixed assets are generally those assets that a firm does
not intend to trade, but that it may intend to use for
producing goods or marketing services.
Fixed Assets
Total Tangible Assets
Includes land, buildings, industrial plants, machinery, fixtures and
fittings and vehicles, etc.
Tangible assets may be revalued incurring large fluctuations in balance
sheet values. If a company comparison is made using balance
sheet values alone, differing asset valuation dates may lead to
misrepresentation. For example, although there may be no material
difference in value of tangible assets between firm #1 and firm #2,
firm #1 that purchased a building and some machinery five years prior
followed by revaluation of these purchases four years later is likely to
have a greater tangible asset value than identical firm #2 that has not
yet revalued the same new purchases.
Intangible Assets
Intangible assets are generally goodwill payments made by a firm upon
acquisition of a second firm. That is, payments for assets are made in
excess of the recorded book value at the date of acquisition. Intangible
assets also include the value of a brand or trade name, although this is
subject to serious debate in some accounting circles.
Investments
Investments include deposits held in banks, shares of subsidiary
companies held by the parent company and any other long term assets
not described above.
Current assets are generally those assets that are
intended for liquidation sooner rather than later.
Current Assets
Stock
Stock includes raw materials, bought-in components, work in
progress, finished goods, loose tools and consumables (ie stationery,
petrol and packing materials). The recorded value of stock is most often
dependent upon the policies made by management.
Identical stock owned by separate firms may be valued differently
on the balance sheet. This would depend upon whether "last in first
out" (LIFO) or "first in first out" (FIFO) accounting policy is applied.
Unless two companies implement similar valuation policies, it is difficult
to say which out of the two companies possessing different levels of
stock while generating similar levels of turnover is less or more efficient.
However, if the differences in stock held are great between the two
companies, it is likely that a factor other than the firm's accounting
policy is responsible for this difference. Bear in mind that for many
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small firms, the stock value recorded in the balance sheet is determined
by company management and is not necessarily checked by outside
auditors.
Debtors
Debtors are customers owing money to the company for goods or
services supplied as of the balance sheet date. A high level of debt is
clearly bad for the operation of any firm. It not only increases the need
for working capital, it increases the financial risk to company operation.
Cash & Liquid Assets
Cash and liquid assets include monies held in current and short term
deposit accounts.
Other Current Assets
Other current assets include quoted company shares, tax reserve
certificates, other marketable securities, monies owed by group
companies and any other assets not listed separately.
Current liabilities generally include monies owed by
creditors falling due within one year. This includes short
term loans from banks or shareholders, additional bank
overdrafts, advance payments made by the firm, monies
owed by the firm to parent or subsidiary firms (ie group
companies), taxation
Current Liabilities
Trade Creditors
Trade creditors are the firm's trade suppliers which the firm owes
monies to for goods received. These outstanding funds are payable
within one year. This is money owed by the company as of the balance
sheet date.
Bank Loans & Overdrafts
These are short term loans owed by the company falling due within
one year such as bank loans and overdrafts from additional outside
sources.
Other Current Liabilities
Total of all other liabilities falling due within one year including VAT, social
security, etc.
These totals are the result of adding and subtracting the
various sections previously detailed and are measures
of the net financial position of the firm.
Balance Sheet Totals
Working Capital
Working capital is the balance of current assets minus current liabilities.
It is a measure of the short term funds involved in a firm's operation.
Net Assets
Net assets = (total fixed assets + total current assets) - total current
liabilities. Total net assets = the balance sheet total and is equivalent
to capital employed.
Capital Employed
Capital employed = total shareholder funds + long term loans + any
other long term liabilities. Capital employed is the money directly used
to finance the business. Keep in mind that in order for the balance sheet
to "balance," capital employed needs to equal net assets.
Long Term Liabilities
708 | Chapter Five Terms & Ratios
The Company finances its operations over the long term
using a mixture of loans, share capital and retained
earnings.
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Total Long Term Loans
Total of loans from group companies, directors or hire purchase
comitments to the company of a long term nature (ie falling due in
excess of one year).
Other Long Term Liabilities
Any other long term liabilities such as provisions for tax or pensions or
balance sheet minorities.
Issued Capital
Paid up share capital such as preferred and ordinary stock in
circulation.
Retained Earnings
Total of earnings from previous years which have been retained by the
firm.
Revaluation Reserve
Revaluation of assets such as land & buildings may occur. This is the
amount of revaluation is recorded.
Shareholder Funds
Paid up share capital, such as preferred and ordinary stock in
circulation, total of earnings from previous years which have been
retained by the company, plus any revaluation or other reserves.
Profit & Loss Items
Turnover (Sales)
Turnover equals the total revenue earned during the year which has
been generated by normal trading operations, excluding VAT.
Cost Of Goods Sold
Cost of goods sold include the total marginal costs of production such
as raw material costs.
Gross Profit
Gross profit = turnover - cost of goods sold.
Administrative Expenses
Administrative expenses include advertising, distribution and service
costs, sales expenses and other overheads.
Operating Profit
Operating profit = gross profit + other operating income - administrative
expenses - other operating charges.
Exceptional Items
Exceptional items are items of a non-recurring nature. These items are
added or deducted before pre-tax profit has been declared.
Non-trading Income
Non-trading income is financial income such as dividends and interest.
Profit Before Interest & Tax
This is the profit generated using all the assets in the business which is
distributed amongst those who have provided the assets.
Interest Paid
Total of all interest payments made by the company in the year.
Pre-tax Profit
Pre-tax profit is the income generated prior to taxation.
Tax Paid
Tax is money payable to the government in the financial year based
upon earnings in the previous year.
Extraordinary Items
Extraordinary items are items of a non-recurring nature. Extraordinary
items are generally larger and less usual than exceptional items. They
are added or deducted after pre-tax profit has been declared.
Minority Interests
This occurs when consolidated group accounts include subsidiaries
which are not wholly owned. This is a payment to equity shareholders
of these other companies.
Dividends
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Dividends are monies distributed to shareholders.
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Retained Profit
Retained profit is money available for distribution after all expenses have
been met.
Depreciation
Depreciation is a non-cash allowance made notionally to replace assets
as they are used by the firm in the year.
Exports
Exports comprise sales made abroad.
Director Remuneration
Director remuneration includes salaries, pensions and expenses paid
to the directors. When reading the profit & loss statement for smaller
companies, it is important to be aware of director remuneration since
profit can be taken as wages rather than dividends.
Employee Remuneration
This includes director and employee salary, PAYE and other
withdrawals.
Definition Of Ratios
Profitability Ratios
Profitability ratios measure financial efficiency.
Gross Profit Margin (%)
Operating Profit Margin (%)
Profit Before Interest & Tax Margin (%)
Pre-tax Profit Margin (%)
Return on Total Assets (%)
Return on Capital Employed (%)
Return on Equity (%)
Liquidity Ratios
Gross Profit x 100%
Turnover
Operating Profit x 100%
Turnover
Profit Before Interest & Tax Margin (%) x 100%
Turnover
Pre-tax Profit x 100%
Turnover
Profit Before Interest & Tax X 100%
(Total Fixed Assets + Total Current Assets)
Profit Before Interest & Tax X 100%
Capital Employed
Profit After Tax X 100%
Shareholder Funds
Liquidity ratios measure the degree of financial risk.
Current Ratio
Current Assets
Current Liabilities
The current ratio is the most commonly used measure for short term
solvency. It indicates the extent to which short term claims by creditors
(ie current liabilities) are covered by current assets. Normally, a firm is
expected to collect payment from its customers (ie debtors) and pay
its suppliers (ie creditors) within the same time frame. The current ratio
measures the extent to which this can be accomplished.
Quick Ratio (Acid Test)
Current Assets - Stock
Current Liabilities
The quick ratio measures a firm's ability to pay off its current liabilities.
This is a harsher measure of a firm's liquidity than current ratio. Since
710 | Chapter Five Terms & Ratios
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losses may occur in the event of stock disposal, it is not wise to rely
upon the sale of stock when measuring a firm's liquidity
Gearing ratios measure a firm's debt level. There
are two types. Debt ratios take figures from a firm's
balance sheet. Whereas, times interest earned ratios
take figures from the profit & loss statement.
Gearing Ratios
Debt Ratio
Total Debt
Total Assets
Debt ratio measures the extent to which borrowed funds have been
used to finance a firm's operation (ie the proportion of total funds
provided by creditors). Clearly, creditors prefer lower debt ratios, since
they indicate decreased risk of company liquidation. Please note that
total debt = current liabilities + long term liabilities, and total assets =
current assets + fixed assets.
A debt ratio or gearing of 0.5 would indicate that the shareholder funds
were matched by various forms of loan capital. Similarly, a debt ratio
of 0.8 would indicate that the various creditors were supplying £4 to
every £1 supplied by the shareholders.
Times Interest Earned
Profit Before Interest & Tax
Interest Paid
Times interest earned measures the extent to which profits may be
allowed to decrease before a firm is forced to default on its annual
loan interest payments. Keep in mind that taxation does not affect a
company's ability to make its interest payments. All interest payments
are deducted from profits prior to declaration.
Activity Ratios
Activity ratios measure the efficiency of asset use.
Stock Turnover
Turnover
Stocks
Stock turnover measures the amount of stock held by a firm in
relationship to its size. This ratio indicates whether or not the level
of stock held by the firm is reasonable. The significance of the stock
turnover ratio could be increased by replacing the stock value figure
as of the balance sheet date with an average stock value figure for the
year.
Credit Given (Days)
Debtors x 365
Turnover
The credit given ratio measures how long a firm waits before collecting
payment from its customers. Some firms record gross turnover rather
than commission earnings. In such cases, this ratio will be distorted.
Credit Taken (Days)
Trade Creditors x 365
Cost of Goods Sold
The credit taken ratio measures how much credit a firm is receiving
from its suppliers. As with the measure of days credit given distortions
may arise.
Fixed Asset Turnover
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Turnover
Chapter Five Terms & Ratios | 711
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Total Fixed Assets
The fixed asset turnover ratio indicates how capital intensive a firm is.
Debtor Turnover
Turnover
Debtors
The debtor turnover ratio is an indication of how well a company
is managing its debtors. The figure tend to be consistent within the
industry.
Average values are a characteristic profile of the
company.
Average Values
Turnover Per Employee (£)
Turnover
Number of Employees
This is a crude measure of productivity.
Average Wage (£)
Employee Remuneration
Number of Employees
This is a crude measure better between years for a given firm than
between firms since it is open to distortions caused by large payments
to directors.
Growth In Turnover (%)
Changes In Turnover x 100%
Base Year Turnover
This ratio measures the extent to which a firm is maintaining its financial
position given the recent economic climate.
Change In Employees (%)
Change In Employees (%)
Base Year Number of Employees
This ratio measures the increase in number of employees in
comparison to previous years.
712 | Chapter Five Terms & Ratios
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Appendix Additional Companies
Company Name
21st Century (Funfairs) Limited
3-A-B Limited
Adams Amusements Limited
Airdrie Automatics Ltd.
Akins Automatics Company Limited
Amber Lights Limited
American Amusements Property Limited
Amg Leisure Limited
Amusement Inspection Services Limited
Amusement Ltd
Anthony Shaw Leisure Unlimited
Associated Leisure (Amusement Machines) Limited
Australian 8 Ball Company Limited
Blackheath Leisure (Carousel) Limited
Bluesail Limited
Boundstore Limited
Bowes & Son (Amusements) Limited
Boys On Tour Limited
Britannia Pier Limited
Broadstairs Leisure Limited
Burlingchime Limited
C.H.S. (Amusements) Limited
Cable Chutes (Blackpool) Limited
Caledonian Automatics Limited
Carnesky's Ghost Train Limited
Cashplay Limited
Casino Slots Limited
Chris. Thompson & Son Limited
City Amusement Centres Limited
Clarks Amusements And Leisure Limited
Classic Leisure (Northern) Limited
Corporate Amusement Services Limited
Croles Amusements Limited
Crystal Room Limited
D.P. Leisure Limited
Dan (Ride Sales) Limited
Dare Devils Arena Limited
Deith Leisure Limited
Diggerworld Limited
Dtpmbl Ltd
Electrocoin Leisure (S. Wales) Limited
Electrogames International Limited
Eric Miller Limited
Exclusive Games Limited
F. Simmonds & Sons (Amusement Equipment) Limited
Fernshade Limited
Footlane Limited
Frontierland Limited
Funland Limited
Funpalace Limited
Gaming Machine Rentals Limited
Global Gaming Leisure Ltd
Gold Coast Holidays Limited
Granville Davies Nominees Limited
H & G (Aberdeen) Limited
Happ Acquisitionco Limited
Harris Brothers Amusements Ltd
Harrison Leisure Limited
Home Games Uk Limited
Hornby Fishery Limited
Hotchkiss Patents And Investments Limited
Instone & Ashby Limited
In-To-Save Limited
Island Amusements Limited
Jet Limited
John Collins Funfairs Limited
John Ferguson Sales Limited
Keith Emmett And Sons Limited
Kiddieland Limited
Kidzstuff Limited
Kravis Holdings Limited
Lee Amusements Limited
Leisurama Entertainments Limited
Leisure Parcs Limited
February 2015 Edition
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Company Name
Leisure Promotions Limited
Liskeard Leisure Limited
Lucky Leisure Limited
M.S.L. Leisure Holdings Limited
Mable Entertainment Limited
Magic City Amusements Limited
Major Automatics Limited
Mayneland Amusements Limited
Mechanised Project Management
Michael Boyle Properties Ltd
Morecambe Pleasure Park Holdings Company
National Leisure Limited
Newcastle Arcadia Leisure Limited
New Empire Bingo Limited
Noble's Amusements Limited
Noble Funfairs Limited
Noble Leasing Ltd.
North West Leisure And Amusements Limited
Nostalgia Rides Limited
Nudge Nudge Limited
Oceancheer Limited
Oxygon Emotions Design Limited
P1 Old Opco Limited
Palma Leisure Limited
Paragon Amusements Limited
Park Inventions And Devices Manufacturing Company
Peerless Leisure Amusements Limited
Piccadilly
Planet Fun (Scotland) Limited
Play Print (U.K.) Limited
Pleasure & Leisure Inflatables Limited
Raffles Amusements Limited
Rank Leisure Machine Services Limited
Rank Seasonal Amusements Limited
Redspear Limited
Regal Amusement Machine Sales Limited
Rendezvous Ltd
Revolution Entertainment Systems (2) Limited
Revolution Entertainment Systems Limited
Ride It Limited
Riva Amusements Limited
Safe Play Securities Limited
Sage (Pelican) Limited
Scotcoin Limited
Sega Operations Uk Limited
Shipley & Sons (Amusements) Limited
Showmans Amusements Limited
Southern Amusements
Stempath Limited
Summit Leisure (Clayton) Limited
Sun Valley Amusements Limited
Sun Valley Leisure
Sun Valley Social Clubs
Talk Of The Town Limited
Tattam Amusements Limited
Teale Brothers (Shipley Glen) Limited
The Games Room Company Uk Limited
The Noble Organisation Limited
The Showboat Organisation Limited
Thomas Holdings Limited
Treasure Island Amusements Limited
Trocadero Leisure Limited
United Leisure Centres Limited
United Leisure Limited
Wagbeard Theatre Company Limited
Wellington Market Company Ltd
West Cumbria Community Enterprises Limited
Whiteleggs Funfair Limited
Winners Amusements Limited
Wm. Noble (Automatics) Limited
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Appendix Additional Companies | 713