fitco industries (london) limited

Dissolved 

fitco industries (london) limited Company Information

Share FITCO INDUSTRIES (LONDON) LIMITED

Company Number

00906409

Shareholders

executors of estate of antoun nicola kronfli

mrs ibtihaj farah

Group Structure

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Industry

Wholesale of chemical products

 

Registered Address

fawley house 2 regatta place, marlow road, bourne end, bucks, SL8 5TD

fitco industries (london) limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of FITCO INDUSTRIES (LONDON) LIMITED at £1.1m based on a Turnover of £2.5m and 0.42x industry multiple (adjusted for size and gross margin).

fitco industries (london) limited Estimated Valuation

£447.3k

Pomanda estimates the enterprise value of FITCO INDUSTRIES (LONDON) LIMITED at £447.3k based on an EBITDA of £108.7k and a 4.11x industry multiple (adjusted for size and gross margin).

fitco industries (london) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FITCO INDUSTRIES (LONDON) LIMITED at £0 based on Net Assets of £-459k and 2.24x industry multiple (adjusted for liquidity).

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Fitco Industries (london) Limited Overview

Fitco Industries (london) Limited is a dissolved company that was located in bourne end, SL8 5TD with a Companies House number of 00906409. It operated in the wholesale of chemical products sector, SIC Code 46750. Founded in May 1967, it's largest shareholder was executors of estate of antoun nicola kronfli with a 50% stake. The last turnover for Fitco Industries (london) Limited was estimated at £2.5m.

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Fitco Industries (london) Limited Health Check

Pomanda's financial health check has awarded Fitco Industries (London) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

8 Weak

size

Size

annual sales of £2.5m, make it smaller than the average company (£18.5m)

£2.5m - Fitco Industries (london) Limited

£18.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (2.4%)

1% - Fitco Industries (london) Limited

2.4% - Industry AVG

production

Production

with a gross margin of 20.2%, this company has a comparable cost of product (20.2%)

20.2% - Fitco Industries (london) Limited

20.2% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it less profitable than the average company (6.7%)

4.2% - Fitco Industries (london) Limited

6.7% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (18)

5 - Fitco Industries (london) Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £58.6k, the company has an equivalent pay structure (£58.6k)

£58.6k - Fitco Industries (london) Limited

£58.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £509.1k, this is less efficient (£796.5k)

£509.1k - Fitco Industries (london) Limited

£796.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 25 days, this is earlier than average (58 days)

25 days - Fitco Industries (london) Limited

58 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 28 days, this is quicker than average (39 days)

28 days - Fitco Industries (london) Limited

39 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 194 days, this is more than average (58 days)

194 days - Fitco Industries (london) Limited

58 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (11 weeks)

21 weeks - Fitco Industries (london) Limited

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 120.2%, this is a higher level of debt than the average (46.1%)

120.2% - Fitco Industries (london) Limited

46.1% - Industry AVG

FITCO INDUSTRIES (LONDON) LIMITED financials

EXPORTms excel logo

Fitco Industries (London) Limited's latest turnover from January 2022 is estimated at £2.5 million and the company has net assets of -£459 thousand. According to their latest financial statements, Fitco Industries (London) Limited has 5 employees and maintains cash reserves of £679.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover2,545,5963,495,6622,734,3782,454,1602,675,8782,829,1912,693,8795,620,8285,317,4676,143,1887,179,5085,417,5544,810,308
Other Income Or Grants0000000000000
Cost Of Sales2,032,3092,784,8502,216,6131,990,1992,183,1312,257,0532,163,3624,528,7424,330,4244,978,3735,841,2144,359,8733,861,952
Gross Profit513,287710,813517,766463,960492,747572,138530,5171,092,087987,0431,164,8151,338,2941,057,681948,357
Admin Expenses406,821627,926501,741594,868498,610632,832492,2111,163,6811,125,6761,263,5191,229,3171,122,275848,847
Operating Profit106,46682,88716,025-130,908-5,863-60,69438,306-71,594-138,633-98,704108,977-64,59499,510
Interest Payable68,02667,01375,79273,41073,65171,61034,938000000
Interest Receivable1,5966866,4926,1743,5971,8393,4683,3073,6313,8333,6173,7862,015
Pre-Tax Profit40,03616,560-53,275-198,144-75,917-130,4656,836-68,287-135,002-94,871112,595-60,808101,525
Tax-7,607-3,1460000-1,367000-29,2750-28,427
Profit After Tax32,42913,414-53,275-198,144-75,917-130,4655,469-68,287-135,002-94,87183,320-60,80873,098
Dividends Paid0000000000000
Retained Profit32,42913,414-53,275-198,144-75,917-130,4655,469-68,287-135,002-94,87183,320-60,80873,098
Employee Costs292,858278,934280,913280,281259,382256,926251,835441,578370,961416,346562,675509,111482,897
Number Of Employees5555555989121110
EBITDA*108,70487,03225,893-119,4934,694-49,97942,995-67,686-125,445-78,991128,217-44,304118,931

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets3772,5646,48116,32324,90835,06924,8826,8376,52416,29833,70347,60267,501
Intangible Assets0000000000000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets3772,5646,48116,32324,90835,06924,8826,8376,52416,29833,70347,60267,501
Stock & work in progress1,085,3951,206,6571,134,5781,113,9841,149,4661,449,7071,285,6921,229,1631,162,5421,218,5291,486,6311,300,0231,100,607
Trade Debtors179,95071,79268,81552,58072,995148,762121,324262,090242,930222,472314,148171,938231,947
Group Debtors62,87860,56857,52256,05148,41850,02036,026000000
Misc Debtors269,482386,357216,740176,393248,269229,064237,019000000
Cash679,681597,115774,740956,340689,954748,756722,158664,950657,724794,611738,506708,387805,917
misc current assets0000000000000
total current assets2,277,3862,322,4892,252,3952,355,3482,209,1022,626,3092,402,2192,156,2032,063,1962,235,6122,539,2852,180,3482,138,471
total assets2,277,7632,325,0532,258,8762,371,6712,234,0102,661,3782,427,1012,163,0402,069,7202,251,9102,572,9882,227,9502,205,972
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 159,057572,181259,538133,649186,25486,40975,7451,199,1061,127,0911,130,0411,351,8331,099,0881,024,738
Group/Directors Accounts1,147,8391,015,0021,247,9261,419,0711,097,2631,357,1131,158,662000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities329,962152,451136,041145,133154,274178,894164,773000000
total current liabilities1,636,8581,739,6341,643,5051,697,8531,437,7911,622,4161,399,1801,199,1061,127,0911,130,0411,351,8331,099,0881,024,738
loans1,099,9441,076,8871,120,2531,125,4251,049,6821,216,5081,075,002000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities00000001,016,484926,892971,130975,545966,572958,136
provisions0000000000000
total long term liabilities1,099,9441,076,8871,120,2531,125,4251,049,6821,216,5081,075,0021,016,484926,892971,130975,545966,572958,136
total liabilities2,736,8022,816,5212,763,7582,823,2782,487,4732,838,9242,474,1822,215,5902,053,9832,101,1712,327,3782,065,6601,982,874
net assets-459,039-491,468-504,882-451,607-253,463-177,546-47,081-52,55015,737150,739245,610162,290223,098
total shareholders funds-459,039-491,468-504,882-451,607-253,463-177,546-47,081-52,55015,737150,739245,610162,290223,098
Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit106,46682,88716,025-130,908-5,863-60,69438,306-71,594-138,633-98,704108,977-64,59499,510
Depreciation2,2384,1459,86811,41510,55710,7154,6893,90813,18819,71319,24020,29019,421
Amortisation0000000000000
Tax-7,607-3,1460000-1,367000-29,2750-28,427
Stock-121,26272,07920,594-35,482-300,241164,01556,52966,621-55,987-268,102186,608199,4161,100,607
Debtors-6,407175,64058,053-84,658-58,16433,477132,27919,16020,458-91,676142,210-60,009231,947
Creditors-413,124312,643125,889-52,60599,84510,664-1,123,36172,015-2,950-221,792252,74574,3501,024,738
Accruals and Deferred Income177,51116,410-9,092-9,141-24,62014,121164,773000000
Deferred Taxes & Provisions0000000000000
Cash flow from operations-6,847165,22064,043-61,099438,324-222,686-1,105,768-81,452-92,86658,99522,869-109,361-217,312
Investing Activities
capital expenditure-51-228-26-2,830-396-20,902-22,734-4,221-3,414-2,308-5,341-391-86,922
Change in Investments0000000000000
cash flow from investments-51-228-26-2,830-396-20,902-22,734-4,221-3,414-2,308-5,341-391-86,922
Financing Activities
Bank loans0000000000000
Group/Directors Accounts132,837-232,924-171,145321,808-259,850198,4511,158,662000000
Other Short Term Loans 0000000000000
Long term loans23,057-43,366-5,17275,743-166,826141,5061,075,002000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities000000-1,016,48489,592-44,238-4,4158,9738,436958,136
share issue000000000000150,000
interest-66,430-66,327-69,300-67,236-70,054-69,771-31,4703,3073,6313,8333,6173,7862,015
cash flow from financing89,464-342,617-245,617330,315-496,730270,1861,185,71092,899-40,607-58212,59012,2221,110,151
cash and cash equivalents
cash82,566-177,625-181,600266,386-58,80226,59857,2087,226-136,88756,10530,119-97,530805,917
overdraft0000000000000
change in cash82,566-177,625-181,600266,386-58,80226,59857,2087,226-136,88756,10530,119-97,530805,917

fitco industries (london) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fitco Industries (london) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fitco industries (london) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in SL8 area or any other competitors across 12 key performance metrics.

fitco industries (london) limited Ownership

FITCO INDUSTRIES (LONDON) LIMITED group structure

Fitco Industries (London) Limited has no subsidiary companies.

Ultimate parent company

FITCO INDUSTRIES (LONDON) LIMITED

00906409

FITCO INDUSTRIES (LONDON) LIMITED Shareholders

executors of estate of antoun nicola kronfli 50%
mrs ibtihaj farah 50%

fitco industries (london) limited directors

Fitco Industries (London) Limited currently has 3 directors. The longest serving directors include Ibtihaj Farah (Jul 1991) and Mr Bassam Kronfli (Jul 1999).

officercountryagestartendrole
Ibtihaj FarahUnited Kingdom80 years Jul 1991- Director
Mr Bassam KronfliUnited Kingdom48 years Jul 1999- Director
Ms Maha KronfliUnited Kingdom59 years Jul 1999- Director

P&L

January 2022

turnover

2.5m

-27%

operating profit

106.5k

0%

gross margin

20.2%

-0.84%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

January 2022

net assets

-459k

-0.07%

total assets

2.3m

-0.02%

cash

679.7k

+0.14%

net assets

Total assets minus all liabilities

fitco industries (london) limited company details

company number

00906409

Type

Private limited with Share Capital

industry

46750 - Wholesale of chemical products

incorporation date

May 1967

age

58

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2022

previous names

N/A

accountant

STERLING GROVE ACCOUNTANTS LIMITED

auditor

-

address

fawley house 2 regatta place, marlow road, bourne end, bucks, SL8 5TD

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

fitco industries (london) limited 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 fitco industries (london) limited.

fitco industries (london) 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.

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fitco industries (london) limited Companies House Filings - See Documents

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