frobridge assets company
frobridge assets company Company Information
Company Number
00487474
Next Accounts
256 days late
Shareholders
eleanor anne ashfield
jane alexandra brundukova
View AllGroup Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
lonsdale gate lonsdale gardens, tunbridge wells, TN1 1NU
Website
-frobridge assets company Estimated Valuation
Pomanda estimates the enterprise value of FROBRIDGE ASSETS COMPANY at £1.7m based on a Turnover of £1.3m and 1.36x industry multiple (adjusted for size and gross margin).
frobridge assets company Estimated Valuation
Pomanda estimates the enterprise value of FROBRIDGE ASSETS COMPANY at £2.7m based on an EBITDA of £571.9k and a 4.69x industry multiple (adjusted for size and gross margin).
frobridge assets company Estimated Valuation
Pomanda estimates the enterprise value of FROBRIDGE ASSETS COMPANY at £21.9m based on Net Assets of £16.3m and 1.34x industry multiple (adjusted for liquidity).
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Frobridge Assets Company Overview
Frobridge Assets Company is a live company located in tunbridge wells, TN1 1NU with a Companies House number of 00487474. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 1950, it's largest shareholder is eleanor anne ashfield with a 16.7% stake. Frobridge Assets Company is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.
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Frobridge Assets Company Health Check
Pomanda's financial health check has awarded Frobridge Assets Company a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£4.2m)
£1.3m - Frobridge Assets Company
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.6%)
- Frobridge Assets Company
2.6% - Industry AVG
Production
with a gross margin of 58%, this company has a comparable cost of product (58%)
58% - Frobridge Assets Company
58% - Industry AVG
Profitability
an operating margin of 29% make it more profitable than the average company (11.8%)
29% - Frobridge Assets Company
11.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (12)
6 - Frobridge Assets Company
12 - Industry AVG
Pay Structure
on an average salary of £37.6k, the company has a lower pay structure (£73.8k)
£37.6k - Frobridge Assets Company
£73.8k - Industry AVG
Efficiency
resulting in sales per employee of £210.4k, this is equally as efficient (£210.8k)
£210.4k - Frobridge Assets Company
£210.8k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is near the average (33 days)
29 days - Frobridge Assets Company
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Frobridge Assets Company
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Frobridge Assets Company
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 220 weeks, this is more cash available to meet short term requirements (33 weeks)
220 weeks - Frobridge Assets Company
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.1%, this is a lower level of debt than the average (67.6%)
18.1% - Frobridge Assets Company
67.6% - Industry AVG
FROBRIDGE ASSETS COMPANY financials
Frobridge Assets Company's latest turnover from August 2022 is £1.3 million and the company has net assets of £16.3 million. According to their latest financial statements, Frobridge Assets Company has 6 employees and maintains cash reserves of £849.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 1,262,249 | 1,224,649 | 1,139,054 | 1,266,149 | 907,005 | 896,359 | 0 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | 365,702 | 377,432 | 333,144 | 446,620 | 317,293 | 369,307 | -8,143 |
| Interest Payable | 0 | 0 | 0 | 1,651 | 3,290 | 4,941 | 4,941 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -2,180,347 | 5,562,252 | -469,570 | -10,148 | 604,823 | 4,389,569 | 2,035,824 |
| Tax | 725,558 | -1,994,934 | 191,413 | -196,401 | -79,852 | -288,696 | -94,105 |
| Profit After Tax | -1,454,789 | 3,567,318 | -278,157 | -206,549 | 524,971 | 4,100,873 | 1,941,719 |
| Dividends Paid | 1,182,000 | 1,075,000 | 1,450,000 | 1,000,000 | 550,000 | 350,000 | 1,080,000 |
| Retained Profit | -4,174,143 | -990,128 | -1,373,950 | -1,514,994 | -100,169 | 3,664,591 | 861,719 |
| Employee Costs | 225,857 | 225,060 | 219,679 | 221,312 | 184,111 | 127,943 | 0 |
| Number Of Employees | 6 | 6 | 6 | 5 | 6 | 6 | 2 |
| EBITDA* | 571,906 | 583,636 | 539,348 | 652,824 | 454,574 | 511,672 | -8,143 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,647,997 | 1,854,201 | 2,060,405 | 2,266,609 | 2,472,813 | 2,610,094 | 0 |
| Investments & Other | 18,127,250 | 21,359,000 | 16,840,750 | 18,282,250 | 19,810,581 | 19,866,129 | 19,308,749 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 19,775,247 | 23,213,201 | 18,901,155 | 20,548,859 | 22,283,394 | 22,476,223 | 19,308,749 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 100,651 | 114,613 | 90,663 | 104,868 | 235,542 | 131,759 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 27,450 | 0 | 0 | 0 |
| Cash | 849,258 | 1,026,524 | 1,081,298 | 1,701,733 | 2,373,353 | 2,199,750 | 1,105,474 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 949,909 | 1,141,137 | 1,171,961 | 1,834,051 | 2,608,895 | 2,331,509 | 1,105,474 |
| total assets | 20,725,156 | 24,354,338 | 20,073,116 | 22,382,910 | 24,892,289 | 24,807,732 | 20,414,223 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 200,650 | 214,650 | 189,157 | 271,353 | 1,545,352 | 1,347,318 | 1,476,168 |
| total current liabilities | 200,650 | 214,650 | 189,157 | 271,353 | 1,545,352 | 1,347,318 | 1,476,168 |
| loans | 0 | 0 | 0 | 0 | 27,450 | 27,450 | 54,900 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,546,145 | 4,359,846 | 2,455,015 | 2,728,900 | 2,685,528 | 2,670,148 | 2,697,390 |
| total long term liabilities | 3,546,145 | 4,359,846 | 2,455,015 | 2,728,900 | 2,712,978 | 2,697,598 | 2,752,290 |
| total liabilities | 3,746,795 | 4,574,496 | 2,644,172 | 3,000,253 | 4,258,330 | 4,044,916 | 4,228,458 |
| net assets | 16,325,627 | 19,044,981 | 16,637,535 | 18,441,742 | 19,750,187 | 19,850,356 | 16,185,765 |
| total shareholders funds | 16,325,627 | 19,044,981 | 16,637,535 | 18,441,742 | 19,750,187 | 19,850,356 | 16,185,765 |
| Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 365,702 | 377,432 | 333,144 | 446,620 | 317,293 | 369,307 | -8,143 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 206,204 | 206,204 | 206,204 | 206,204 | 137,281 | 142,365 | 0 |
| Tax | 725,558 | -1,994,934 | 191,413 | -196,401 | -79,852 | -288,696 | -94,105 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,962 | 23,950 | -41,655 | -103,224 | 103,783 | 131,759 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -14,000 | 25,493 | -82,196 | -1,273,999 | 198,034 | -128,850 | 1,476,168 |
| Deferred Taxes & Provisions | -813,701 | 1,904,831 | -273,885 | 43,372 | 15,380 | -27,242 | 2,697,390 |
| Cash flow from operations | 483,725 | 495,076 | 416,335 | -670,980 | 484,353 | -64,875 | 4,071,310 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | 131,840 | 792,226 | -10,406 |
| Change in Investments | -3,231,750 | 4,518,250 | -1,441,500 | -1,528,331 | -55,548 | 557,380 | 19,308,749 |
| cash flow from investments | 3,231,750 | -4,518,250 | 1,441,500 | 1,528,331 | 187,388 | 234,846 | -19,319,155 |
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -27,450 | 0 | -27,450 | 54,900 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 0 | 0 | 0 | -1,651 | -3,290 | -4,941 | -4,941 |
| cash flow from financing | 1,454,789 | 3,397,574 | -430,257 | 177,448 | -3,290 | -32,391 | 15,374,005 |
| cash and cash equivalents | |||||||
| cash | -177,266 | -54,774 | -620,435 | -671,620 | 173,603 | 1,094,276 | 1,105,474 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -177,266 | -54,774 | -620,435 | -671,620 | 173,603 | 1,094,276 | 1,105,474 |
frobridge assets company Credit Report and Business Information
Frobridge Assets Company Competitor Analysis
Perform a competitor analysis for frobridge assets company by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in TN1 area or any other competitors across 12 key performance metrics.
frobridge assets company Ownership
FROBRIDGE ASSETS COMPANY group structure
Frobridge Assets Company has no subsidiary companies.
Ultimate parent company
FROBRIDGE ASSETS COMPANY
00487474
frobridge assets company directors
Frobridge Assets Company currently has 2 directors. The longest serving directors include Mr Michael Ashfield (Dec 1991) and Mr Sean Ashfield (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Ashfield | 86 years | Dec 1991 | - | Director | |
| Mr Sean Ashfield | 61 years | May 2019 | - | Director |
P&L
August 2022turnover
1.3m
+3%
operating profit
365.7k
-3%
gross margin
58.1%
-1.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2022net assets
16.3m
-0.14%
total assets
20.7m
-0.15%
cash
849.3k
-0.17%
net assets
Total assets minus all liabilities
frobridge assets company company details
company number
00487474
Type
Private unlimited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 1950
age
75
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
August 2022
previous names
N/A
accountant
-
auditor
FOOT DAVSON LTD
address
lonsdale gate lonsdale gardens, tunbridge wells, TN1 1NU
Bank
-
Legal Advisor
-
frobridge assets company Charges & Mortgages
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 did not find charges/mortgages relating to frobridge assets company.
frobridge assets company 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.
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frobridge assets company Companies House Filings - See Documents
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