5%

7.5%

10%

Capital Value £000
Turnover/ Revenue 1,000 2,500 5,000
Normalised Profit After Tax (“PAT”) @ 30% 300 750 1,500
Initial Valuation @ 9x 2,700 6,750 13,500
Initial Capital @ 9.9% 267 668 1,337
PAT After 2-Year Integration 331 827 1,654
Acquisition Valuation @ 9x 2,977 7,442 14,884
Acquisition Capital @ 90.1% 2,682 6,705 13,410
Primary Capital 2,949 7,373 14,747
PAT After 3-Year Earnout 383 957 1,914
Secondary Capital 172 429 858
Total Capital 3,121 7,802 15,604
9.44 9.44 9.44
Additional Value
Remuneration 1,532 2,393 1,914
HORIZON Profit Share 3,063 4,786 3,829
Bolt On Value Share 1,163 1,163 1,163
Total Additional Value 5,757 8,342 6,906

 

Total Enhanced Value 8,878 16,144 22,510
Capital Value £000
Turnover/ Revenue 1,000 2,500 5,000
Normalised Profit After Tax (“PAT”) @ 30% 300 750 1,500
Initial Valuation @ 9x 2,700 6,750 13,500
Initial Capital @ 9.9% 267 668 1,337
PAT After 2-Year Integration 347 867 1,733
Acquisition Valuation @ 9x 3,120 7,800 15,601
Acquisition Capital @ 90.1% 2,811 7,028 14,056
Primary Capital 3,079 7,696 15,393
PAT After 3-Year Earnout 431 1,077 2,153
Secondary Capital 444 1,110 2,220
Total Capital 3,523 8,806 17,613
10.16 10.16 10.16
Additional Value
Remuneration 1,723 2,692 2,153
HORIZON Profit Share 3,446 5,384 4,307
Bolt On Value Share 1,163 1,163 1,163
Total Additional Value 6,331 9,238 7,623

 

Total Enhanced Value 9,854 18,045 25,236
Capital Value £000
Turnover/ Revenue 1,000 2,500 5,000
Normalised Profit After Tax (“PAT”) @ 30% 300 750 1,500
Initial Valuation @ 9x 2,700 6,750 13,500
Initial Capital @ 9.9% 267 668 1,337
PAT After 2-Year Integration 363 908 1,815
Acquisition Valuation @ 9x 3,267 8,168 16,355
Acquisition Capital @ 90.1% 2,944 7,359 14,718
Primary Capital 3,211 8,027 16,054
PAT After 3-Year Earnout 483 1,208 2,416
Secondary Capital 755 1,887 3,773
Total Capital 3,966 9,914 19,828
10.92 10.92 10.92
Additional Value
Remuneration 1,933 3,020 2,416
HORIZON Profit Share 3,865 6,039 4,832
Bolt On Value Share 1,163 1,163 1,163
Total Additional Value 6,961 10,222 8,410

 

Total Enhanced Value 10,926 20,136 28,238