Mick Berrill IM

Mick Berrill Motorcycles | Information Memorandum

FINANCIAL INFORMATION

OVERVIEW

1.1. The table below outlines the Business’s annual Profit and Loss accounts.

YE20 £

YE21 £

YE22 £

PROFIT AND LOSS (£)

Turnover

494,541

450,655

544,261

Cost of Sales

(283,734)

(246,968)

(350,968)

Gross Profit

210,807

203,687

193,293

Gross Profit Margin

43%

45%

36%

Administrative Expenses

(152,902)

(135,588)

(130,915)

EBIT

57,905

68,099

62,378

Addbacks

Employer's National Insurance

5,664

3,067

3,568

Adjusted EBITDA

63,569

71,166

65,946

1.1. The table below outlines the Business’s yearly Balance Sheet.

YE20 £

YE21 £

YE22 £

BALANCE SHEET (£)

Fixed Assets

Tangible Assets

60,288

60,288

60,288

Current Assets

Stocks

45,000

10,000

2,000

Debtors

29,711

Cash at Bank

10,000

61,854

86,151

Creditors: Amounts falling due within one year

(17,601)

(17,387)

(5,689)

Net Current Assets

67,110

54,467

82,462

Net Assets

127,398

114,755

142,750

Capital and Reserves

Shareholder Funds

127,398

114,755

142,750

NB: Addbacks entail one-off costs that hold minimal relevance to the Business’s performance, as well as costs that an acquirer will not necessarily incur.

9