Froconut Limited

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froconut limited Company Information

Live

MatureMicroDeclining

Company Number

01301345

Next Accounts

Jul 2025

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Buying and selling of own real estate

Directors

Martin Watts

Simon Watts

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Shareholders

simon watts

martin watts

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Group Structure

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Contact

Registered Address

citadel house 58 high street, hull, HU1 1QE

Website

www.mamisgelato.com

froconut limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of FROCONUT LIMITED at £2.5m based on Net Assets of £1.5m and 1.63x industry multiple (adjusted for liquidity).

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Froconut Limited is a live company located in hull, HU1 1QE with a Companies House number of 01301345. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 1977, it's largest shareholder is simon watts with a 40% stake. Froconut Limited is a mature, micro sized company, Pomanda has estimated its turnover at £344.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Froconut Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £344.9k, make it smaller than the average company (£845.8k)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (2.7%)

EXPORT

Froconut Limited's latest turnover from October 2023 is estimated at £344.9 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Froconut Limited has 3 employees and maintains cash reserves of £130.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	344,884	315,750	420,833	349,001	328,157	452,921	462,960	407,064	326,874	395,813	346,212	443,483	240,967	350,834	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	99,822	95,328	129,203	104,983	100,976	136,809	135,346	124,911	108,877	153,566	128,356	162,151	84,148	123,461	0
Gross Profit	245,062	220,422	291,630	244,018	227,181	316,112	327,615	282,153	217,996	242,247	217,856	281,332	156,818	227,373	0
Admin Expenses	193,708	175,725	193,053	151,044	233,877	269,035	273,864	269,456	81,935	217,738	204,136	248,449	138,200	205,014	-294,193
Operating Profit	51,354	44,697	98,577	92,974	-6,696	47,077	53,751	12,697	136,061	24,509	13,720	32,883	18,618	22,359	294,193
Interest Payable	15,818	12,874	10,493	11,440	13,655	14,619	12,573	11,057	5,693	0	2,994	5,753	5,532	6,094	3,321
Interest Receivable	12,230	5,728	148	97	685	802	235	432	842	439	455	396	370	391	208
Pre-Tax Profit	47,765	37,551	88,232	81,631	-19,665	33,260	41,414	2,071	131,211	24,948	11,182	27,526	13,455	16,657	291,081
Tax	-11,941	-7,135	-16,764	-15,510	0	-6,319	-7,869	-414	-26,242	-5,239	-2,572	-6,606	-3,498	-4,664	-81,503
Profit After Tax	35,824	30,416	71,468	66,121	-19,665	26,941	33,545	1,657	104,969	19,709	8,610	20,920	9,957	11,993	209,578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,824	30,416	71,468	66,121	-19,665	26,941	33,545	1,657	104,969	19,709	8,610	20,920	9,957	11,993	209,578
Employee Costs	100,616	100,825	95,642	96,666	135,384	131,406	120,786	125,803	62,018	90,781	59,627	86,889	57,546	87,377	0
Number Of Employees	3	3	3	3	4	4	4	4	2	3	2	3	2	3	0
EBITDA*	51,354	44,697	98,577	92,974	-6,696	47,077	53,751	15,939	140,925	29,373	18,584	37,747	20,239	27,201	299,035

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	0	0	0	0	1,552,073	1,640,634	1,695,985	0	1,544,560	1,297,106	1,301,970	302,228	307,092	294,082	298,924
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,653,124	1,402,065	1,467,803	1,418,693	0	0	0	1,677,588	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	1,653,124	1,402,065	1,467,803	1,418,693	1,552,073	1,640,634	1,695,985	1,677,588	1,544,560	1,297,106	1,301,970	302,228	307,092	294,082	298,924
Stock & work in progress	18,820	35,883	35,883	35,883	35,883	35,883	35,883	35,883	35,883	82,639	82,639	0	0	0	0
Trade Debtors	28,911	26,715	48,472	31,345	14,914	34,183	36,086	27,098	27,960	36,723	28,274	41,789	20,087	31,793	24,218
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	3,353	5,619	0	0	0	0	0	0	0	0	0
Cash	130,277	335,626	173,506	123,307	70,827	111,906	101,978	86,229	259,345	77,648	98,058	84,061	74,492	73,339	83,235
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	178,008	398,224	257,861	190,535	124,977	187,591	173,947	149,210	323,188	197,010	208,971	125,850	94,579	105,132	107,453
total assets	1,831,132	1,800,289	1,725,664	1,609,228	1,677,050	1,828,225	1,869,932	1,826,798	1,867,748	1,494,116	1,510,941	428,078	401,671	399,214	406,377
Bank overdraft	14,470	14,470	14,470	14,470	14,470	14,470	14,470	13,770	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	0	0	0	156,508	126,004	159,521	73,622	68,764	69,410	64,098
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	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	107,683	97,805	86,869	75,105	91,902	120,473	119,590	114,483	0	0	0	0	0	0	0
total current liabilities	122,153	112,275	101,339	89,575	106,372	134,943	134,060	128,253	156,508	126,004	159,521	73,622	68,764	69,410	64,098
loans	118,709	133,568	149,595	165,501	180,633	195,011	209,191	164,907	175,159	0	0	92,121	84,897	85,322	102,178
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	58,900	63,000	0	3,017	9,787	16,382	22,811	30,423
provisions	82,389	82,389	75,803	66,472	83,740	100,567	113,706	125,001	0	0	0	0	0	0	0
total long term liabilities	201,098	215,957	225,398	231,973	264,373	295,578	322,897	348,808	238,159	0	3,017	101,908	101,279	108,133	132,601
total liabilities	323,251	328,232	326,737	321,548	370,745	430,521	456,957	477,061	394,667	126,004	162,538	175,530	170,043	177,543	196,699
net assets	1,507,881	1,472,057	1,398,927	1,287,680	1,306,305	1,397,704	1,412,975	1,349,737	1,473,081	1,368,112	1,348,403	252,548	231,628	221,671	209,678
total shareholders funds	1,507,881	1,472,057	1,398,927	1,287,680	1,306,305	1,397,704	1,412,975	1,349,737	1,473,081	1,368,112	1,348,403	252,548	231,628	221,671	209,678

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	51,354	44,697	98,577	92,974	-6,696	47,077	53,751	12,697	136,061	24,509	13,720	32,883	18,618	22,359	294,193
Depreciation	0	0	0	0	0	0	0	3,242	4,864	4,864	4,864	4,864	1,621	4,842	4,842
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,941	-7,135	-16,764	-15,510	0	-6,319	-7,869	-414	-26,242	-5,239	-2,572	-6,606	-3,498	-4,664	-81,503
Stock	-17,063	0	0	0	0	0	0	0	-46,756	0	82,639	0	0	0	0
Debtors	2,196	-21,757	17,127	13,078	-21,535	3,716	8,988	-862	-8,763	8,449	-13,515	21,702	-11,706	7,575	24,218
Creditors	0	0	0	0	0	0	0	-156,508	30,504	-33,517	85,899	4,858	-646	5,312	64,098
Accruals and Deferred Income	9,878	10,936	11,764	-16,797	-28,571	883	5,107	114,483	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	6,586	9,331	-17,268	-16,827	-13,139	-11,295	125,001	0	0	0	0	0	0	0
Cash flow from operations	64,158	76,841	85,781	30,321	-30,559	24,786	30,706	99,363	200,706	-17,832	32,787	14,297	27,801	20,274	257,412
Investing Activities
capital expenditure	0	0	0	1,552,073	88,561	55,351	-1,695,985	1,541,318	-252,318	0	-1,004,606	0	-14,631	0	-303,766
Change in Investments	251,059	-65,738	49,110	1,418,693	0	0	-1,677,588	1,677,588	0	0	0	0	0	0	0
cash flow from investments	-251,059	65,738	-49,110	133,380	88,561	55,351	-18,397	-136,270	-252,318	0	-1,004,606	0	-14,631	0	-303,766
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	0	0	0	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	-14,859	-16,027	-15,906	-15,132	-14,378	-14,180	44,284	-10,252	175,159	0	-92,121	7,224	-425	-16,856	102,178
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	-58,900	-4,100	63,000	-3,017	-6,770	-6,595	-6,429	-7,612	30,423
share issue	0	42,714	39,779	-84,746	-71,734	-42,212	29,693	-125,001	0	0	1,087,245	0	0	0	100
interest	-3,588	-7,146	-10,345	-11,343	-12,970	-13,817	-12,338	-10,625	-4,851	439	-2,539	-5,357	-5,162	-5,703	-3,113
cash flow from financing	-18,447	19,541	13,528	-111,221	-99,082	-70,209	2,739	-149,978	233,308	-2,578	985,815	-4,728	-12,016	-30,171	129,588
cash and cash equivalents
cash	-205,349	162,120	50,199	52,480	-41,079	9,928	15,749	-173,116	181,697	-20,410	13,997	9,569	1,153	-9,896	83,235
overdraft	0	0	0	0	0	0	700	13,770	0	0	0	0	0	0	0
change in cash	-205,349	162,120	50,199	52,480	-41,079	9,928	15,049	-186,886	181,697	-20,410	13,997	9,569	1,153	-9,896	83,235

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FROCONUT LIMITED group structure

Froconut Limited has no subsidiary companies.

Ultimate parent company

FROCONUT LIMITED

01301345

FROCONUT LIMITED Shareholders

simon watts	40%
martin watts	40%
christopher watts	10%
james watts	10%

Froconut Limited currently has 3 directors. The longest serving directors include Mr Martin Watts (Apr 1990) and Mr Simon Watts (Jan 1991).

officer	country	age	start	end	role
Mr Martin Watts	England	61 years	Apr 1990	-	Director
Mr Simon Watts	England	57 years	Jan 1991	-	Director
Mr James Watts	England	33 years	May 2014	-	Director

P&L

October 2023

turnover

344.9k

+9%

operating profit

51.4k

gross margin

71.1%

+1.79%

turnover

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

Balance Sheet

October 2023

net assets

1.5m

+0.02%

total assets

1.8m

+0.02%

cash

130.3k

-0.61%

net assets

Total assets minus all liabilities

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company number

01301345

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

March 1977

ultimate parent company

None

previous names

N/A

address

citadel house 58 high street, hull, HU1 1QE

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.

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froconut limited Company Information

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froconut limited Estimated Valuation

froconut limited Estimated Valuation

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