Advance Foam Limited

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advance foam limited Company Information

Live

MatureSmallDeclining

Company Number

01696036

Next Accounts

Nov 2024

Industry

Buying and selling of own real estate

Directors

Christopher Thomas

William Abernethy

Shareholders

christopher william thomas

william david abernethy

Group Structure

View All

Contact

Registered Address

62 buntingbridge road, ilford, IG2 7LR

Website

adfoam.com

advance foam limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of ADVANCE FOAM LIMITED at £3.5m based on a Turnover of £2m and 1.74x industry multiple (adjusted for size and gross margin).

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Advance Foam Limited is a live company located in ilford, IG2 7LR with a Companies House number of 01696036. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in February 1983, it's largest shareholder is christopher william thomas with a 50% stake. Advance Foam Limited is a mature, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.

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Pomanda's financial health check has awarded Advance Foam Limited a 3 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 Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £2m, make it larger than the average company (£848.2k)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.1%)

EXPORT

Advance Foam Limited's latest turnover from February 2023 is estimated at £2 million and the company has net assets of £316.4 thousand. According to their latest financial statements, Advance Foam Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Turnover	2,014,523	1,723,895	1,734,227	2,165,935	2,866,307	2,896,346	4,239,262	82,937	66,050	74,830	56,523	15,045	8,336	7,376
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,462,618	1,278,393	1,311,060	1,690,299	2,116,631	2,178,097	3,266,990	62,061	50,593	60,255	44,649	11,977	0	0
Gross Profit	551,905	445,501	423,166	475,635	749,675	718,249	972,271	20,876	15,457	14,576	11,874	3,068	8,336	7,376
Admin Expenses	579,248	500,745	446,179	503,465	777,266	738,572	1,043,922	94,850	80,362	78,845	76,443	147,205	2,082	-5,260
Operating Profit	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-71,651	-73,974	-64,905	-64,269	-64,569	-144,137	6,254	12,636
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	1,017	3,925	3,949	4,269	4,569	5,780	6,654	7,276
Pre-Tax Profit	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-70,634	-70,049	-60,956	-60,000	-60,000	-138,357	11,958	13,090
Tax	0	0	0	0	0	0	0	0	0	0	0	0	-2,500	-1,500
Profit After Tax	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-70,634	-70,049	-60,956	-60,000	-60,000	-138,357	9,458	11,590
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	78,000
Retained Profit	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-70,634	-70,049	-60,956	-60,000	-60,000	-138,357	9,458	-66,410
Employee Costs	72,250	72,260	70,982	78,156	233,182	176,250	255,212	38,754	35,722	35,639	33,447	33,556	35,198	33,521
Number Of Employees	2	2	2	2	6	5	7	1	1	1	1	1	1	1
EBITDA*	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-71,651	-73,974	-64,905	-64,269	-64,569	-144,137	6,254	12,636

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Tangible Assets	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470	32,470
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	744,654	742,322	768,376	770,185	770,272	782,073	766,370	2,511	2,511	2,511	2,511	2,511	327	327
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	2,450	2,450
Cash	0	0	0	0	0	0	0	813,859	755,987	823,770	883,770	943,770	1,368,200	1,384,570
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	744,654	742,322	768,376	770,185	770,272	782,073	766,370	816,370	758,498	826,281	886,281	946,281	1,370,977	1,387,347
total assets	777,124	774,792	800,846	802,655	802,742	814,543	798,840	848,840	790,968	858,751	918,751	978,751	1,403,447	1,419,817
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	460,741	431,066	401,876	380,672	352,929	337,139	0	280,379	152,458	159,285	159,285	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	408,761	435,149
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	36,863	36,303
total current liabilities	460,741	431,066	401,876	380,672	352,929	337,139	0	280,379	152,458	159,285	159,285	0	445,624	471,452
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	301,113	0	0	0	0	159,285	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	301,113	0	0	0	0	159,285	0	0
total liabilities	460,741	431,066	401,876	380,672	352,929	337,139	301,113	280,379	152,458	159,285	159,285	159,285	445,624	471,452
net assets	316,383	343,726	398,970	421,983	449,813	477,404	497,727	568,461	638,510	699,466	759,466	819,466	957,823	948,365
total shareholders funds	316,383	343,726	398,970	421,983	449,813	477,404	497,727	568,461	638,510	699,466	759,466	819,466	957,823	948,365

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012	Feb 2011	Feb 2010
Operating Activities
Operating Profit	-27,343	-55,244	-23,013	-27,830	-27,591	-20,323	-71,651	-73,974	-64,905	-64,269	-64,569	-144,137	6,254	12,636
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	-2,500	-1,500
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	2,332	-26,054	-1,809	-87	-11,801	15,703	763,859	0	0	0	0	-266	0	2,777
Creditors	29,675	29,190	21,204	27,743	15,790	337,139	-280,379	127,921	-6,827	0	159,285	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	-36,863	560	36,303
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	0	301,113	-1,115,889	53,947	-71,732	-64,269	94,716	-180,734	4,314	44,662
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-32,470
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-32,470
Financing Activities
Bank loans	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	-408,761	-26,388	435,149
Other Short Term Loans	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	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-301,113	301,113	0	0	0	-159,285	159,285	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	1,014,775
interest	0	0	0	0	0	0	1,017	3,925	3,949	4,269	4,569	5,780	6,654	7,276
cash flow from financing	0	0	0	0	0	-301,113	302,030	3,925	3,949	4,269	-154,716	-243,696	-19,734	1,457,200
cash and cash equivalents
cash	0	0	0	0	0	0	-813,859	57,872	-67,783	-60,000	-60,000	-424,430	-16,370	1,384,570
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-813,859	57,872	-67,783	-60,000	-60,000	-424,430	-16,370	1,384,570

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for advance foam limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in IG2 area or any other competitors across 12 key performance metrics.

ADVANCE FOAM LIMITED group structure

Advance Foam Limited has no subsidiary companies.

Ultimate parent company

ADVANCE FOAM LIMITED

01696036

ADVANCE FOAM LIMITED Shareholders

christopher william thomas	50%
william david abernethy	50%

Advance Foam Limited currently has 2 directors. The longest serving directors include Mr Christopher Thomas (Dec 1990) and Mr William Abernethy (Dec 1990).

officer	country	age	start	end	role
Mr Christopher Thomas		76 years	Dec 1990	-	Director
Mr William Abernethy		71 years	Dec 1990	-	Director

P&L

February 2023

turnover

+17%

operating profit

-27.3k

gross margin

27.4%

+6.01%

turnover

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

Balance Sheet

February 2023

net assets

316.4k

-0.08%

total assets

777.1k

cash

net assets

Total assets minus all liabilities

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company number

01696036

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

February 1983

ultimate parent company

None

previous names

N/A

address

62 buntingbridge road, ilford, IG2 7LR

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 3 charges/mortgages relating to advance foam limited. Currently there are 3 open charges and 0 have been satisfied in the past.

advance foam limited Company Information

advance foam limited Estimated Valuation

advance foam limited Estimated Valuation

advance foam limited Estimated Valuation

Advance Foam Limited Overview

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ADVANCE FOAM LIMITED financials

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