Faith And Confidence Business Agency Limited

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faith and confidence business agency limited Company Information

Company Number

00936038

Next Accounts

Apr 2025

Directors

Dezroy Richards

Richard Johnson Elliott

Shareholders

richard johnson-elliot

eric douglas

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Group Structure

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Industry

Other amusement and recreation activities

Registered Address

12 reynolds road, handsworth, birmingham, west midlands, B21 0TJ

Website

faith and confidence business agency limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of FAITH AND CONFIDENCE BUSINESS AGENCY LIMITED at £1.4m based on a Turnover of £2.1m and 0.66x industry multiple (adjusted for size and gross margin).

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Faith And Confidence Business Agency Limited is a live company located in birmingham, B21 0TJ with a Companies House number of 00936038. It operates in the other amusement and recreation activities n.e.c. sector, SIC Code 93290. Founded in July 1968, it's largest shareholder is richard johnson-elliot with a 10.9% stake. Faith And Confidence Business Agency Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Faith And Confidence Business Agency Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

4 Weak

Size

annual sales of £2.1m, make it larger than the average company (£366.3k)

Growth

3 year (CAGR) sales growth of 571%, show it is growing at a faster rate (6.4%)

EXPORT

Faith And Confidence Business Agency Limited's latest turnover from July 2023 is estimated at £2.1 million and the company has net assets of £377.1 thousand. According to their latest financial statements, Faith And Confidence Business Agency Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	2,139,491	184,005	2,400	7,090	10,400	9,598	5,200	4,500	5,200	0	0	152,976	150,550	134,361	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,381,942	117,894	0	0	0	0	0	0	3,383	0	0	102,063	101,815	86,650	0
Gross Profit	757,549	66,111	2,400	7,090	10,400	9,598	5,200	4,500	1,817	0	0	50,912	48,735	47,711	0
Admin Expenses	796,616	-360,863	10,588	13,063	8,997	15,390	4,809	63,459	181	-10,200	-7,189	51,846	61,988	66,017	-155,602
Operating Profit	-39,067	426,974	-8,188	-5,973	1,403	-5,792	391	-58,959	1,636	10,200	7,189	-934	-13,253	-18,306	155,602
Interest Payable	0	0	0	0	0	0	0	0	0	848	346	0	0	0	0
Interest Receivable	0	2	0	0	0	0	0	0	0	0	0	3	8	52	44
Pre-Tax Profit	-39,067	426,977	-8,188	-5,973	1,403	-5,792	391	-5,859	1,578	9,494	7,189	-931	-13,245	-18,254	155,646
Tax	0	-81,126	0	0	0	0	0	0	-316	-1,646	-633	0	0	0	-43,581
Profit After Tax	-39,067	345,851	-8,188	-5,973	1,403	-5,792	391	-5,859	1,262	7,848	6,556	-931	-13,245	-18,254	112,065
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-39,067	345,851	-8,188	-5,973	1,403	-5,792	391	-5,859	1,262	7,848	6,556	-931	-13,245	-18,254	112,065
Employee Costs	37,741	35,985	17,321	17,677	18,534	19,003	18,255	16,215	16,431	16,613	17,039	35,642	35,781	34,099	0
Number Of Employees	2	2	1	1	1	1	1	1	1	1	1	2	2	2	0
EBITDA*	-39,067	426,974	-7,536	-5,249	2,208	-4,898	1,384	-58,959	1,636	10,200	7,689	-934	-10,585	-16,176	159,186

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	4,750	426,630	427,217	427,869	428,593	429,398	430,292	431,285	431,285	432,389	432,389	432,889	432,889	435,557	437,574
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,750	426,630	427,217	427,869	428,593	429,398	430,292	431,285	431,285	432,389	432,389	432,889	432,889	435,557	437,574
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	2,314	2,259	3,780
Trade Debtors	555,329	42,874	19,193	19,193	19,193	19,474	18,620	13,420	32,953	10,900	5,200	20,909	20,909	20,909	23,048
Group Debtors	0	0	0	0	0	0	0	0	0	22,292	21,792	0	0	0	0
Misc Debtors	0	0	23,453	23,453	23,453	23,453	23,453	23,453	0	61	61	0	0	0	0
Cash	0	0	349	1,731	3,697	1,208	163	227	1,991	1,975	200	1,292	0	3,349	17,480
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	555,329	42,874	42,995	44,377	46,343	44,135	42,236	37,100	34,944	35,228	27,253	22,201	23,223	26,517	44,308
total assets	560,079	469,504	470,212	472,246	474,936	473,533	472,528	468,385	466,229	467,617	459,642	455,090	456,112	462,074	481,882
Bank overdraft	0	0	0	0	0	0	0	0	0	0	1,039	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	183,005	53,363	0	0	0	0	0	0	21,787	0	0	20,941	26,506	19,223	20,777
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	11,215	11,215	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	50,882	44,728	41,445	41,445	34,648	29,903	0	11,222	9,576	0	0	0	0
total current liabilities	183,005	53,363	50,882	44,728	41,445	41,445	34,648	29,903	21,787	22,437	21,830	20,941	26,506	19,223	20,777
loans	0	0	0	0	0	0	0	0	0	2,101	2,581	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	101	0	0	5,474	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	101	2,101	2,581	5,474	0	0	0
total liabilities	183,005	53,363	50,882	44,728	41,445	41,445	34,648	29,903	21,888	24,538	24,411	26,415	26,506	19,223	20,777
net assets	377,074	416,141	419,330	427,518	433,491	432,088	437,880	438,482	444,341	443,079	435,231	428,675	429,606	442,851	461,105
total shareholders funds	377,074	416,141	419,330	427,518	433,491	432,088	437,880	438,482	444,341	443,079	435,231	428,675	429,606	442,851	461,105

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-39,067	426,974	-8,188	-5,973	1,403	-5,792	391	-58,959	1,636	10,200	7,189	-934	-13,253	-18,306	155,602
Depreciation	0	0	652	724	805	894	993	0	0	0	500	0	2,668	2,130	3,584
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-81,126	0	0	0	0	0	0	-316	-1,646	-633	0	0	0	-43,581
Stock	0	0	0	0	0	0	0	0	0	0	0	-2,314	55	-1,521	3,780
Debtors	512,455	228	0	0	-281	854	5,200	3,920	-300	6,200	6,144	0	0	-2,139	23,048
Creditors	129,642	53,363	0	0	0	0	0	-21,787	21,787	0	-20,941	-5,565	7,283	-1,554	20,777
Accruals and Deferred Income	0	-50,882	6,154	3,283	0	6,797	4,745	29,903	-11,222	1,646	9,576	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-421,880	348,101	-1,382	-1,966	2,489	1,045	929	-54,763	12,185	4,000	-10,453	-4,185	-3,357	-14,070	109,554
Investing Activities
capital expenditure	421,880	587	0	0	0	0	0	0	1,104	0	0	0	0	-113	-441,158
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	421,880	587	0	0	0	0	0	0	1,104	0	0	0	0	-113	-441,158
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	-11,215	0	11,215	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-2,101	-480	2,581	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-101	101	0	-5,474	5,474	0	0	0
share issue	0	-349,040	0	0	0	0	-993	0	0	0	0	0	0	0	349,040
interest	0	2	0	0	0	0	0	0	0	-848	-346	3	8	52	44
cash flow from financing	0	-349,038	0	0	0	0	-993	-101	-13,215	-1,328	7,976	5,477	8	52	349,084
cash and cash equivalents
cash	0	-349	-1,382	-1,966	2,489	1,045	-64	-1,764	16	1,775	-1,092	1,292	-3,349	-14,131	17,480
overdraft	0	0	0	0	0	0	0	0	0	-1,039	1,039	0	0	0	0
change in cash	0	-349	-1,382	-1,966	2,489	1,045	-64	-1,764	16	2,814	-2,131	1,292	-3,349	-14,131	17,480

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FAITH AND CONFIDENCE BUSINESS AGENCY LIMITED group structure

Faith And Confidence Business Agency Limited has no subsidiary companies.

Ultimate parent company

FAITH AND CONFIDENCE BUSINESS AGENCY LIMITED

00936038

FAITH AND CONFIDENCE BUSINESS AGENCY LIMITED Shareholders

richard johnson-elliot	10.94%
eric douglas	10.42%
bernard francis	10.42%
dezroy richards	10.42%
jazulbert abraham	4.58%
caswell mcintosh	4.58%
lingwood wynter	4.48%
frederick ramsay	4.48%
carmaleta grant	4.38%
calvin mclean	3.96%

Faith And Confidence Business Agency Limited currently has 2 directors. The longest serving directors include Mr Dezroy Richards (Sep 1999) and Mr Richard Johnson Elliott (Mar 2009).

officer	country	age	start	end	role
Mr Dezroy Richards		66 years	Sep 1999	-	Director
Mr Richard Johnson Elliott	England	53 years	Mar 2009	-	Director

P&L

July 2023

turnover

2.1m

+1063%

operating profit

-39.1k

gross margin

35.5%

-1.45%

turnover

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

Balance Sheet

July 2023

net assets

377.1k

-0.09%

total assets

560.1k

+0.19%

cash

net assets

Total assets minus all liabilities

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company number

00936038

Type

Private limited with Share Capital

industry

93290 - Other amusement and recreation activities

incorporation date

July 1968

ultimate parent company

None

previous names

faith and confidence finance limited (November 1983)

address

12 reynolds road, handsworth, birmingham, west midlands, B21 0TJ

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 5 charges/mortgages relating to faith and confidence business agency limited. Currently there are 1 open charges and 4 have been satisfied in the past.

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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faith and confidence business agency limited Company Information

faith and confidence business agency limited Estimated Valuation

faith and confidence business agency limited Estimated Valuation

faith and confidence business agency limited Estimated Valuation

Faith And Confidence Business Agency Limited Overview

Faith And Confidence Business Agency Limited Health Check

FAITH AND CONFIDENCE BUSINESS AGENCY LIMITED financials

faith and confidence business agency limited Credit Report and Business Information

Faith And Confidence Business Agency Limited Competitor Analysis

faith and confidence business agency limited Ownership

faith and confidence business agency limited directors

faith and confidence business agency limited company details

faith and confidence business agency limited Charges & Mortgages

faith and confidence business agency limited Capital Raised & Share Issues BETA

faith and confidence business agency limited Companies House Filings - See Documents