Pomanda estimates the enterprise value of FORTICRETE LIMITED at £41.5m based on a Turnover of £42.8m and 0.97x industry multiple (adjusted for size and gross margin).
forticrete limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FORTICRETE LIMITED at £0 based on an EBITDA of £-1.1m and a 5.65x industry multiple (adjusted for size and gross margin).
forticrete limitedEstimated Valuation
£45.9m
Pomanda estimates the enterprise value of FORTICRETE LIMITED at £45.9m based on Net Assets of £27.1m and 1.69x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Forticrete LimitedOverview
Forticrete Limited is a live company located in leicestershire, LE67 6HS with a Companies House number of 00221210. It operates in the manufacture of concrete products for construction purposes sector, SIC Code 23610. Founded in April 1927, it's largest shareholder is
ibstock group limited
with a 100% stake. Forticrete Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£42.8m with
low
growth in recent years.
Pomanda's financial health check has awarded Forticrete Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
3 Strong
2 Regular
6 Weak
Size
annual sales of £42.8m, make it larger than the average company (£23m)
£42.8m - Forticrete Limited
£23m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.7%)
2% - Forticrete Limited
8.7% - Industry AVG
Production
with a gross margin of 19.4%, this company has a higher cost of product (25.9%)
19.4% - Forticrete Limited
25.9% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (7.7%)
-6% - Forticrete Limited
7.7% - Industry AVG
Employees
with 357 employees, this is above the industry average (80)
357 - Forticrete Limited
80 - Industry AVG
Pay Structure
on an average salary of £48.2k, the company has an equivalent pay structure (£44.5k)
£48.2k - Forticrete Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £120k, this is less efficient (£255k)
£120k - Forticrete Limited
£255k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (46 days)
32 days - Forticrete Limited
46 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Forticrete Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 146 days, this is more than average (50 days)
146 days - Forticrete Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (19 weeks)
0 weeks - Forticrete Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 45.6%, this is a similar level of debt than the average (45.9%)
45.6% - Forticrete Limited
45.9% - Industry AVG
FORTICRETE LIMITED financials
EXPORT
Forticrete Limited's latest turnover from December 2023 is £42.8 million and the company has net assets of £27.1 million. According to their latest financial statements, Forticrete Limited has 357 employees and maintains cash reserves of £62 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
42,827,000
56,074,000
48,914,000
40,245,000
50,483,000
45,353,000
43,753,000
38,881,000
35,355,000
32,608,000
27,205,000
21,829,000
21,284,000
19,458,000
12,135,000
Other Income Or Grants
Cost Of Sales
34,515,000
41,092,000
35,877,000
31,537,000
34,971,000
30,501,000
27,506,000
24,783,000
22,050,000
22,289,000
19,477,000
15,677,000
15,237,000
14,388,000
10,319,000
Gross Profit
8,312,000
14,982,000
13,037,000
8,708,000
15,512,000
14,852,000
16,247,000
14,098,000
13,305,000
10,319,000
7,728,000
6,152,000
6,047,000
5,070,000
1,816,000
Admin Expenses
10,878,000
12,417,000
10,918,000
8,029,000
11,037,000
10,911,000
11,503,000
9,006,000
8,970,000
8,060,000
6,888,000
5,871,000
5,958,000
5,987,000
5,163,000
Operating Profit
-2,566,000
2,565,000
2,119,000
679,000
4,475,000
3,941,000
4,744,000
5,092,000
4,335,000
2,259,000
840,000
281,000
89,000
-917,000
-3,347,000
Interest Payable
20,000
6,000
5,000
155,000
20,000
21,000
7,000
9,000
44,000
3,000
63,000
40,000
Interest Receivable
18,000
Pre-Tax Profit
-2,586,000
2,616,000
2,144,000
602,000
4,578,000
3,920,000
4,737,000
5,065,000
4,324,000
3,153,000
757,000
276,000
104,000
-980,000
-2,917,000
Tax
571,000
-617,000
-676,000
-278,000
-900,000
-870,000
-1,128,000
-901,000
-1,466,000
-497,000
-222,000
2,356,000
93,000
255,000
751,000
Profit After Tax
-2,015,000
1,999,000
1,468,000
324,000
3,678,000
3,050,000
3,609,000
4,164,000
2,858,000
2,656,000
535,000
2,632,000
197,000
-725,000
-2,166,000
Dividends Paid
Retained Profit
-2,015,000
1,999,000
1,468,000
324,000
3,678,000
3,050,000
3,609,000
4,164,000
2,858,000
2,656,000
535,000
2,632,000
197,000
-725,000
-2,166,000
Employee Costs
17,207,000
19,530,000
16,583,000
13,273,000
14,476,000
15,215,000
13,528,000
11,635,000
10,370,000
9,159,000
7,471,000
7,001,000
6,666,000
6,170,000
5,506,000
Number Of Employees
357
371
328
319
337
366
355
310
293
285
240
229
225
221
195
EBITDA*
-1,144,000
3,947,000
3,569,000
2,581,000
6,599,000
5,748,000
6,260,000
6,393,000
5,640,000
3,542,000
2,162,000
1,622,000
1,467,000
736,000
-2,693,000
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
23,919,000
23,642,000
21,590,000
20,900,000
21,854,000
22,413,000
20,925,000
20,457,000
14,511,000
13,439,000
14,287,000
15,070,000
16,027,000
17,166,000
3,772,000
Intangible Assets
65,000
124,000
183,000
242,000
301,000
360,000
419,000
478,000
537,000
596,000
Investments & Other
2,191,000
2,191,000
2,191,000
2,191,000
2,191,000
Debtors (Due After 1 year)
2,512,000
674,000
244,000
274,000
326,000
Total Fixed Assets
23,919,000
23,642,000
21,590,000
20,900,000
21,854,000
22,478,000
21,049,000
20,640,000
14,753,000
13,740,000
19,350,000
18,354,000
18,940,000
20,168,000
6,885,000
Stock & work in progress
13,874,000
11,507,000
7,605,000
5,807,000
7,665,000
9,289,000
6,438,000
4,171,000
3,527,000
2,934,000
3,014,000
2,971,000
2,523,000
2,816,000
1,149,000
Trade Debtors
3,825,000
6,587,000
6,008,000
5,838,000
4,879,000
4,247,000
4,783,000
3,715,000
3,419,000
3,705,000
3,712,000
2,625,000
2,419,000
2,006,000
1,406,000
Group Debtors
7,419,000
7,619,000
8,417,000
10,504,000
10,266,000
1,661,000
2,098,000
1,642,000
643,000
790,000
77,000
50,000
Misc Debtors
672,000
1,593,000
1,537,000
379,000
370,000
310,000
450,000
225,000
189,000
261,000
273,000
2,160,000
450,000
1,831,000
1,731,000
Cash
62,000
3,272,000
4,785,000
3,505,000
2,772,000
7,385,000
4,632,000
3,831,000
4,896,000
5,532,000
1,619,000
2,601,000
1,866,000
1,042,000
1,216,000
misc current assets
total current assets
25,852,000
30,578,000
28,352,000
26,033,000
25,952,000
22,892,000
18,401,000
13,584,000
12,674,000
13,222,000
8,695,000
10,407,000
7,258,000
7,695,000
5,502,000
total assets
49,771,000
54,220,000
49,942,000
46,933,000
47,806,000
45,370,000
39,450,000
34,224,000
27,427,000
26,962,000
28,045,000
28,761,000
26,198,000
27,863,000
12,387,000
Bank overdraft
Bank loan
Trade Creditors
7,335,000
7,572,000
7,204,000
6,744,000
5,735,000
5,240,000
3,898,000
4,112,000
3,638,000
2,545,000
1,947,000
1,649,000
1,193,000
Group/Directors Accounts
13,008,000
9,896,000
11,335,000
13,095,000
11,595,000
10,027,000
9,207,000
11,872,000
176,000
42,000
478,000
1,478,000
other short term finances
hp & lease commitments
other current liabilities
20,242,000
2,847,000
21,129,000
2,638,000
2,910,000
2,958,000
2,881,000
3,569,000
3,483,000
3,295,000
2,458,000
1,391,000
1,437,000
1,203,000
829,000
total current liabilities
20,242,000
23,190,000
21,129,000
20,106,000
21,449,000
22,797,000
20,211,000
18,836,000
16,588,000
19,279,000
6,272,000
3,936,000
3,426,000
3,330,000
3,500,000
loans
16,675,000
20,170,000
20,603,000
22,068,000
6,791,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
82,000
provisions
2,347,000
2,155,000
1,361,000
895,000
765,000
696,000
578,000
472,000
267,000
310,000
505,000
691,000
931,000
1,571,000
596,000
total long term liabilities
2,429,000
2,155,000
1,361,000
895,000
765,000
696,000
578,000
472,000
267,000
310,000
17,180,000
20,861,000
21,534,000
23,639,000
7,387,000
total liabilities
22,671,000
25,345,000
22,490,000
21,001,000
22,214,000
23,493,000
20,789,000
19,308,000
16,855,000
19,589,000
23,452,000
24,797,000
24,960,000
26,969,000
10,887,000
net assets
27,100,000
28,875,000
27,452,000
25,932,000
25,592,000
21,877,000
18,661,000
14,916,000
10,572,000
7,373,000
4,593,000
3,964,000
1,238,000
894,000
1,500,000
total shareholders funds
27,100,000
28,875,000
27,452,000
25,932,000
25,592,000
21,877,000
18,661,000
14,916,000
10,572,000
7,373,000
4,593,000
3,964,000
1,238,000
894,000
1,500,000
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-2,566,000
2,565,000
2,119,000
679,000
4,475,000
3,941,000
4,744,000
5,092,000
4,335,000
2,259,000
840,000
281,000
89,000
-917,000
-3,347,000
Depreciation
1,422,000
1,382,000
1,450,000
1,902,000
2,059,000
1,748,000
1,457,000
1,242,000
1,246,000
1,224,000
1,263,000
1,282,000
1,319,000
1,594,000
595,000
Amortisation
65,000
59,000
59,000
59,000
59,000
59,000
59,000
59,000
59,000
59,000
59,000
Tax
571,000
-617,000
-676,000
-278,000
-900,000
-870,000
-1,128,000
-901,000
-1,466,000
-497,000
-222,000
2,356,000
93,000
255,000
751,000
Stock
2,367,000
3,902,000
1,798,000
-1,858,000
-1,624,000
2,851,000
2,267,000
644,000
593,000
-80,000
43,000
448,000
-293,000
1,667,000
1,149,000
Debtors
-3,883,000
-163,000
-759,000
1,206,000
9,297,000
-1,113,000
1,749,000
1,331,000
-505,000
-1,818,000
1,065,000
2,396,000
-998,000
648,000
3,463,000
Creditors
-7,335,000
7,335,000
-7,572,000
368,000
460,000
1,009,000
495,000
1,342,000
-214,000
474,000
1,093,000
598,000
298,000
456,000
1,193,000
Accruals and Deferred Income
17,395,000
-18,282,000
18,491,000
-272,000
-48,000
77,000
-688,000
86,000
188,000
837,000
1,067,000
-46,000
234,000
374,000
829,000
Deferred Taxes & Provisions
192,000
794,000
466,000
130,000
69,000
118,000
106,000
205,000
-43,000
-195,000
-186,000
-240,000
-640,000
975,000
596,000
Cash flow from operations
11,195,000
-10,562,000
13,239,000
3,181,000
-1,493,000
4,344,000
1,029,000
5,150,000
4,017,000
6,059,000
2,806,000
1,446,000
2,743,000
481,000
-3,936,000
Investing Activities
capital expenditure
-1,699,000
-3,434,000
-2,140,000
-948,000
-1,500,000
-3,236,000
-1,925,000
-7,188,000
-2,318,000
-376,000
-480,000
-325,000
-180,000
-14,988,000
-5,022,000
Change in Investments
-2,191,000
2,191,000
cash flow from investments
-1,699,000
-3,434,000
-2,140,000
-948,000
-1,500,000
-3,236,000
-1,925,000
-7,188,000
-2,318,000
1,815,000
-480,000
-325,000
-180,000
-14,988,000
-7,213,000
Financing Activities
Bank loans
Group/Directors Accounts
-13,008,000
13,008,000
-9,896,000
-1,439,000
-1,760,000
1,500,000
1,568,000
820,000
-2,665,000
11,696,000
176,000
-42,000
-436,000
-1,000,000
1,478,000
Other Short Term Loans
Long term loans
-16,675,000
-3,495,000
-433,000
-1,465,000
15,277,000
6,791,000
Hire Purchase and Lease Commitments
other long term liabilities
82,000
share issue
240,000
-576,000
52,000
16,000
37,000
166,000
136,000
180,000
341,000
124,000
94,000
94,000
147,000
119,000
3,666,000
interest
-20,000
-6,000
-5,000
-155,000
-20,000
-21,000
-7,000
-9,000
-44,000
15,000
-63,000
-40,000
cash flow from financing
-12,706,000
12,426,000
-9,849,000
-1,578,000
-1,743,000
1,645,000
1,697,000
991,000
-2,324,000
-4,855,000
-3,269,000
-381,000
-1,739,000
14,333,000
11,895,000
cash and cash equivalents
cash
-3,210,000
-1,513,000
1,280,000
733,000
-4,613,000
2,753,000
801,000
-1,065,000
-636,000
3,913,000
-982,000
735,000
824,000
-174,000
1,216,000
overdraft
change in cash
-3,210,000
-1,513,000
1,280,000
733,000
-4,613,000
2,753,000
801,000
-1,065,000
-636,000
3,913,000
-982,000
735,000
824,000
-174,000
1,216,000
forticrete limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for forticrete limited. Get real-time insights into forticrete limited's credit score, group structure and payment trends.
Perform a competitor analysis for forticrete limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LE67 area or any other competitors across 12 key performance metrics.
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to forticrete limited. Currently there are 0 open charges and 3 have been satisfied in the past.
forticrete limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for FORTICRETE LIMITED. This can take several minutes, an email will notify you when this has completed.
forticrete limitedCompanies House Filings - See Documents
