fletcher king services limited

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fletcher king services limited Company Information

Share FLETCHER KING SERVICES LIMITED

Company Number

01140727

Shareholders

fletcher king plc

d.j.r. fletcher & fletcher king plc

Group Structure

View All

Industry

Real estate agencies

 

Registered Address

19-20 great pulteney street, london, W1F 9NF

fletcher king services limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of FLETCHER KING SERVICES LIMITED at £8.5m based on a Turnover of £3.8m and 2.23x industry multiple (adjusted for size and gross margin).

fletcher king services limited Estimated Valuation

£6.1m

Pomanda estimates the enterprise value of FLETCHER KING SERVICES LIMITED at £6.1m based on an EBITDA of £851.8k and a 7.11x industry multiple (adjusted for size and gross margin).

fletcher king services limited Estimated Valuation

£5.1m

Pomanda estimates the enterprise value of FLETCHER KING SERVICES LIMITED at £5.1m based on Net Assets of £2.5m and 2.02x industry multiple (adjusted for liquidity).

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Fletcher King Services Limited Overview

Fletcher King Services Limited is a live company located in london, W1F 9NF with a Companies House number of 01140727. It operates in the real estate agencies sector, SIC Code 68310. Founded in October 1973, it's largest shareholder is fletcher king plc with a 99.5% stake. Fletcher King Services Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with high growth in recent years.

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Fletcher King Services Limited Health Check

Pomanda's financial health check has awarded Fletcher King Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

2 Weak

size

Size

annual sales of £3.8m, make it larger than the average company (£516.3k)

£3.8m - Fletcher King Services Limited

£516.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.6%)

19% - Fletcher King Services Limited

6.6% - Industry AVG

production

Production

with a gross margin of 84.7%, this company has a comparable cost of product (84.7%)

84.7% - Fletcher King Services Limited

84.7% - Industry AVG

profitability

Profitability

an operating margin of 17.2% make it more profitable than the average company (5.1%)

17.2% - Fletcher King Services Limited

5.1% - Industry AVG

employees

Employees

with 18 employees, this is above the industry average (13)

18 - Fletcher King Services Limited

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £111.5k, the company has a higher pay structure (£40k)

£111.5k - Fletcher King Services Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £212.6k, this is more efficient (£81.5k)

£212.6k - Fletcher King Services Limited

£81.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 146 days, this is later than average (44 days)

146 days - Fletcher King Services Limited

44 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 137 days, this is slower than average (38 days)

137 days - Fletcher King Services Limited

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fletcher King Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 32 weeks, this is average cash available to meet short term requirements (32 weeks)

32 weeks - Fletcher King Services Limited

32 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 41.9%, this is a lower level of debt than the average (54.1%)

41.9% - Fletcher King Services Limited

54.1% - Industry AVG

FLETCHER KING SERVICES LIMITED financials

EXPORTms excel logo

Fletcher King Services Limited's latest turnover from April 2024 is £3.8 million and the company has net assets of £2.5 million. According to their latest financial statements, Fletcher King Services Limited has 18 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover3,826,1833,078,9032,967,6962,264,4972,895,8473,052,8013,079,7994,093,9614,603,9503,342,6673,400,6872,962,7663,036,0373,059,4082,790,768
Other Income Or Grants
Cost Of Sales584,954381,336305,154216,267317,201439,237326,688426,865610,971332,824470,740529,530500,079539,820527,600
Gross Profit3,241,2292,697,5672,662,5422,048,2302,578,6462,613,5642,753,1113,667,0963,992,9793,009,8432,929,9472,433,2372,535,9582,519,5882,263,168
Admin Expenses2,583,0332,235,7552,226,7732,666,6322,444,6122,182,3702,336,7462,799,5633,162,2962,478,2832,547,7092,115,9842,097,8622,098,6301,771,661
Operating Profit658,196461,812435,769-618,402134,034431,194416,365867,533830,683531,560382,238317,253438,096420,958491,507
Interest Payable13,45618,83015,35515,69127,24952,956100
Interest Receivable20,9983,74618,2441,257117,982351,1292494,2866,2236,85821,591116,74419,29319,63323,183
Pre-Tax Profit685,685488,728438,658-632,836224,767782,323416,614883,6081,451,782633,781486,359433,997457,389440,491514,690
Tax-97,476-13,462145,640-39,875-51,713-65,174-159,473-290,092-97,915-137,886-52,819-103,397-70,895-149,391
Profit After Tax588,209488,728425,196-487,196184,892730,610351,440724,1351,161,690535,866348,473381,178353,992369,596365,299
Dividends Paid800,00051,261500,00046,049311,171361,171368,391184,195897,95269,073207,22069,07369,07369,076184,195
Retained Profit-211,791437,467-74,804-533,245-126,279369,439-16,951539,940263,738466,793141,253312,105284,919300,520181,104
Employee Costs2,007,1581,513,3651,443,0431,159,2621,347,4151,562,2691,523,2572,043,1292,571,9981,774,6851,948,7701,572,9331,587,3661,510,6161,429,583
Number Of Employees181616141416161818181818181818
EBITDA*851,840658,058779,554-337,638411,828434,122434,849901,577864,727567,646426,560360,233483,546480,319564,935

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets342,193889,9891,388,260912,7351,294,4991,727,6041,715,5321,719,3701,441,5381,076,083980,561553,928592,884398,799384,906
Intangible Assets322,119439,25176,547
Investments & Other200,000685,000629,000629,000730,0001,703,0001,688,0001,688,0001,374,501975,002850,002350,002350,002173,256100,002
Debtors (Due After 1 year)15,814
Total Fixed Assets664,3121,329,2401,464,807912,7351,294,4991,727,6041,715,5321,719,3701,441,5381,076,083980,561553,928592,884398,799384,906
Stock & work in progress
Trade Debtors1,532,8581,163,619977,304982,448544,0741,670,886786,4471,425,267746,4941,026,478971,9801,112,518652,937852,565806,379
Group Debtors11,067223,77013,163288,281198,86147,57112,08613,28614,2869,9434,752299,601285,876399,565317,323
Misc Debtors387,277360,853340,671153,380123,734126,728118,61157,368118,653115,852268,774334,429215,992189,990179,903
Cash1,009,083936,9301,525,5761,447,2862,092,042612,9421,267,0651,295,8401,342,0351,297,9891,702,5301,103,6741,397,0721,718,672998,078
misc current assets750,00073,254
total current assets3,690,2852,685,1722,953,8922,982,0352,958,7112,458,1272,184,2092,791,7612,221,4682,450,2622,948,0362,850,2222,551,8773,160,7922,374,937
total assets4,354,5974,014,4124,418,6993,894,7704,253,2104,185,7313,899,7414,511,1313,663,0063,526,3453,928,5973,404,1503,144,7613,559,5912,759,843
Bank overdraft
Bank loan
Trade Creditors 220,232241,668406,222438,352120,272330,539129,060155,349138,099261,507365,186291,262250,984248,833178,168
Group/Directors Accounts
other short term finances
hp & lease commitments119,734140,544609,710576,654298,788
other current liabilities1,292,903657,186723,199537,162595,129881,5861,166,5141,734,6641,443,7291,447,3981,436,4701,196,2731,120,194953,022524,459
total current liabilities1,632,8691,039,3981,739,1311,552,1681,014,1891,212,1251,295,5741,890,0131,581,8281,708,9051,801,6561,487,5351,371,1781,201,855702,627
loans384,952573,086803,910524,348
hp & lease commitments192,476286,543401,955262,174
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities192,476286,543401,955262,174
total liabilities1,825,3451,325,9412,141,0861,552,1681,276,3631,212,1251,295,5741,890,0131,581,8281,708,9051,801,6561,487,5351,371,1781,201,855702,627
net assets2,529,2522,688,4712,277,6132,342,6022,976,8472,973,6062,604,1672,621,1182,081,1781,817,4402,126,9411,916,6151,773,5832,357,7362,057,216
total shareholders funds2,529,2522,688,4712,277,6132,342,6022,976,8472,973,6062,604,1672,621,1182,081,1781,817,4402,126,9411,916,6151,773,5832,357,7362,057,216
Apr 2024Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit658,196461,812435,769-618,402134,034431,194416,365867,533830,683531,560382,238317,253438,096420,958491,507
Depreciation177,804180,766343,785280,764277,7942,92818,48434,04434,04436,08644,32242,98045,45059,36173,428
Amortisation15,84015,480
Tax-97,476-13,462145,640-39,875-51,713-65,174-159,473-290,092-97,915-137,886-52,819-103,397-70,895-149,391
Stock
Debtors182,960417,104-92,971557,440-994,330943,855-578,777616,488-272,840-93,233-501,042591,743-287,315138,5151,303,605
Creditors-21,436-164,554-32,130318,080-210,267201,479-26,28917,250-123,408-103,67973,92440,2782,15170,665178,168
Accruals and Deferred Income635,717-66,013186,037-57,967-286,457-284,928-568,150290,935-3,66910,928240,19776,079167,172428,563524,459
Deferred Taxes & Provisions
Cash flow from operations1,185,68510,3871,012,970-489,325869,559-644,895354,013433,801720,398470,2131,103,837-167,972836,787770,137-185,434
Investing Activities
capital expenditure471,284-60,679-895,857101,000155,311-15,000-14,646-311,876-399,499-131,608-470,955-4,024-239,535-73,254-458,334
Change in Investments-485,00056,000-101,000-973,00015,000313,499399,499125,000500,000176,74673,254100,002
cash flow from investments956,284-116,679-895,857202,0001,128,311-30,000-14,646-625,375-798,998-256,608-970,955-4,024-416,281-146,508-558,336
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-188,134-230,824803,910-524,348524,348
Hire Purchase and Lease Commitments-114,877-584,578435,01115,692560,962
other long term liabilities
share issue52,572-26,6099,815-101,000129,520-776,29469,073-169,073-869,0721,876,112
interest7,542-15,0842,889-14,43490,733351,1292494,2866,2236,858-31,365116,74419,29319,53323,183
cash flow from financing-242,897-857,0951,251,625-624,0901,305,563351,1292494,2866,223-769,43637,708-52,329-849,77919,5331,899,295
cash and cash equivalents
cash72,153-588,64678,290-644,7561,479,100-654,123-28,775-46,19544,046-404,541598,856-293,398-321,600720,594998,078
overdraft
change in cash72,153-588,64678,290-644,7561,479,100-654,123-28,775-46,19544,046-404,541598,856-293,398-321,600720,594998,078

fletcher king services 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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Fletcher King Services Limited Competitor Analysis

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Perform a competitor analysis for fletcher king services limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1F area or any other competitors across 12 key performance metrics.

fletcher king services limited Ownership

FLETCHER KING SERVICES LIMITED group structure

Fletcher King Services Limited has 7 subsidiary companies.

FLETCHER KING SERVICES LIMITED Shareholders

fletcher king plc 99.5%
d.j.r. fletcher & fletcher king plc 0.5%

fletcher king services limited directors

Fletcher King Services Limited currently has 6 directors. The longest serving directors include Mr Richard Goode (Sep 1992) and Mr Robert Dickman (Sep 1992).

officercountryagestartendrole
Mr Richard GoodeUnited Kingdom72 years Sep 1992- Director
Mr Robert Dickman67 years Sep 1992- Director
Mr David FletcherEngland82 years Sep 1992- Director
Mr Paul AndrewsEngland51 years May 2016- Director
Mr Peter BaileyEngland56 years Nov 2019- Director
Mr Paul MorrisEngland56 years May 2021- Director

P&L

April 2024

turnover

3.8m

+24%

operating profit

658.2k

+43%

gross margin

84.8%

-3.31%

turnover

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

Balance Sheet

April 2024

net assets

2.5m

-0.06%

total assets

4.4m

+0.08%

cash

1m

+0.08%

net assets

Total assets minus all liabilities

fletcher king services limited company details

company number

01140727

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

October 1973

age

52

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

April 2024

previous names

fletcher king (October 1986)

fletcher king and megran (December 1980)

accountant

-

auditor

CLA EVELYN PARTNERS LIMITED

address

19-20 great pulteney street, london, W1F 9NF

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

fletcher king services 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 found 2 charges/mortgages relating to fletcher king services limited. Currently there are 2 open charges and 0 have been satisfied in the past.

fletcher king services 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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fletcher king services limited Companies House Filings - See Documents

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