Freight 24 Logistics Limited

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freight 24 logistics limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

01772651

Next Accounts

99 days late

Industry

Freight transport by road

Directors

Graeme Connor

Ross Bryant

Shareholders

g. connor

r. bryant

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Group Structure

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Contact

Registered Address

jupiter house, warley hill busin, the drive, brentwood, essex, CM13 3BE

Website

www.wjcapper.net

freight 24 logistics limited Estimated Valuation

£466.1k

Pomanda estimates the enterprise value of FREIGHT 24 LOGISTICS LIMITED at £466.1k based on Net Assets of £183.6k and 2.54x industry multiple (adjusted for liquidity).

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Freight 24 Logistics Limited is a live company located in brentwood, CM13 3BE with a Companies House number of 01772651. It operates in the freight transport by road sector, SIC Code 49410. Founded in November 1983, it's largest shareholder is g. connor with a 40% stake. Freight 24 Logistics Limited is a mature, small sized company, Pomanda has estimated its turnover at £511.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Freight 24 Logistics Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £511.8k, make it smaller than the average company (£10.7m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (6.8%)

EXPORT

Freight 24 Logistics Limited's latest turnover from December 2022 is estimated at £511.8 thousand and the company has net assets of £183.6 thousand. According to their latest financial statements, we estimate that Freight 24 Logistics Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	511,821	501,681	506,500	606,707	633,524	718,472	878,763	833,386	989,425	1,233,269	1,240,397	1,353,430	1,303,421	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	437,012	432,181	438,967	527,419	552,315	624,048	758,619	725,442	870,161	1,095,126	1,103,818	1,194,075	1,138,707	0
Gross Profit	74,809	69,500	67,534	79,288	81,209	94,423	120,144	107,944	119,264	138,144	136,579	159,355	164,714	0
Admin Expenses	74,808	61,945	83,862	95,528	101,389	124,544	149,773	139,191	129,649	150,149	147,171	167,188	169,803	-509,817
Operating Profit	1	7,555	-16,328	-16,240	-20,180	-30,121	-29,629	-31,247	-10,385	-12,005	-10,592	-7,833	-5,089	509,817
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	38	16	9	7	0	2	5	2	2	2	2	17	16
Pre-Tax Profit	1	7,594	-16,312	-16,231	-20,173	-30,121	-29,627	-31,242	-10,383	-12,003	-10,590	-7,831	-5,072	509,833
Tax	0	-1,443	0	0	0	0	0	0	0	0	0	0	0	-142,753
Profit After Tax	1	6,151	-16,312	-16,231	-20,173	-30,121	-29,627	-31,242	-10,383	-12,003	-10,590	-7,831	-5,072	367,080
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1	6,151	-16,312	-16,231	-20,173	-30,121	-29,627	-31,242	-10,383	-12,003	-10,590	-7,831	-5,072	367,080
Employee Costs	116,656	108,302	68,968	68,568	100,870	130,227	128,433	126,174	182,472	209,418	206,879	232,080	228,541	0
Number Of Employees	3	3	2	2	3	4	4	4	6	7	7	8	8	0
EBITDA*	1	8,548	-15,335	-15,247	-15,027	-12,488	-29,629	-13,614	3,088	-11,012	-9,599	-6,840	-4,096	525,465

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	16,613	16,613	17,606	18,599	19,592	24,745	42,378	60,011	0	0	25,550	26,543	27,536	28,529
Intangible Assets	0	0	0	0	0	0	0	0	77,644	24,557	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	16,613	16,613	17,606	18,599	19,592	24,745	42,378	60,011	77,644	24,557	25,550	26,543	27,536	28,529
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	171,797	173,597	175,454	220,218	208,811	234,194	266,599	261,199	297,876	372,389	374,007	408,052	406,078	379,554
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	0	0
Cash	0	0	30,703	740	1,599	163	0	1,269	592	261	429	405	507	6,351
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	171,797	173,597	206,157	220,958	210,410	234,357	266,599	262,468	298,468	372,650	374,436	408,457	406,585	385,905
total assets	188,410	190,210	223,763	239,557	230,002	259,102	308,977	322,479	376,112	397,207	399,986	435,000	434,121	414,434
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	1,607	3,408	40,473	40,388	14,142	22,089	38,104	22,790	46,170	60,612	51,189	75,414	66,230	41,263
Group/Directors Accounts	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
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	0	0
total current liabilities	1,607	3,408	40,473	40,388	14,142	22,089	38,104	22,790	46,170	60,612	51,189	75,414	66,230	41,263
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	2,350	2,100	2,000	2,000	2,000	2,000	1,950	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	3,156	3,156	3,345	3,162	3,722	4,702	8,541	7,630	6,691	4,911	5,110	5,309	5,783	5,991
total long term liabilities	3,156	3,156	5,695	5,262	5,722	6,702	10,541	9,630	8,641	4,911	5,110	5,309	5,783	5,991
total liabilities	4,763	6,564	46,168	45,650	19,864	28,791	48,645	32,420	54,811	65,523	56,299	80,723	72,013	47,254
net assets	183,647	183,646	177,595	193,907	210,138	230,311	260,332	290,059	321,301	331,684	343,687	354,277	362,108	367,180
total shareholders funds	183,647	183,646	177,595	193,907	210,138	230,311	260,332	290,059	321,301	331,684	343,687	354,277	362,108	367,180

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	1	7,555	-16,328	-16,240	-20,180	-30,121	-29,629	-31,247	-10,385	-12,005	-10,592	-7,833	-5,089	509,817
Depreciation	0	993	993	993	5,153	17,633	0	17,633	0	993	993	993	993	15,648
Amortisation	0	0	0	0	0	0	0	0	13,473	0	0	0	0	0
Tax	0	-1,443	0	0	0	0	0	0	0	0	0	0	0	-142,753
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,800	-1,857	-44,764	11,407	-25,383	-32,405	5,400	-36,677	-74,513	-1,618	-34,045	1,974	26,524	379,554
Creditors	-1,801	-37,065	85	26,246	-7,947	-16,015	15,314	-23,380	-14,442	9,423	-24,225	9,184	24,967	41,263
Accruals and Deferred Income	0	-2,350	250	100	0	0	0	50	1,950	0	0	0	0	0
Deferred Taxes & Provisions	0	-189	183	-560	-980	-3,839	911	939	1,780	-199	-199	-474	-208	5,991
Cash flow from operations	0	-30,642	29,947	-868	1,429	63	-18,804	672	66,889	-170	22	-104	-5,861	50,412
Investing Activities
capital expenditure	0	0	0	0	0	0	17,633	0	-66,560	0	0	0	0	-44,177
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	17,633	0	-66,560	0	0	0	0	-44,177
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	0	0	0
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	0	0	0	0	0	0	0	0	0
share issue	0	-100	0	0	0	100	-100	0	0	0	0	0	0	100
interest	0	38	16	9	7	0	2	5	2	2	2	2	17	16
cash flow from financing	0	-62	16	9	7	100	-98	5	2	2	2	2	17	116
cash and cash equivalents
cash	0	-30,703	29,963	-859	1,436	163	-1,269	677	331	-168	24	-102	-5,844	6,351
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	-30,703	29,963	-859	1,436	163	-1,269	677	331	-168	24	-102	-5,844	6,351

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FREIGHT 24 LOGISTICS LIMITED group structure

Freight 24 Logistics Limited has no subsidiary companies.

Ultimate parent company

FREIGHT 24 LOGISTICS LIMITED

01772651

FREIGHT 24 LOGISTICS LIMITED Shareholders

g. connor	40%
r. bryant	40%
j. dolan	20%

Freight 24 Logistics Limited currently has 2 directors. The longest serving directors include Mr Graeme Connor (Mar 2021) and Mr Ross Bryant (Mar 2021).

officer	country	age	start	end	role
Mr Graeme Connor	England	51 years	Mar 2021	-	Director
Mr Ross Bryant	England	45 years	Mar 2021	-	Director

P&L

December 2022

turnover

511.8k

+2%

operating profit

1.2

gross margin

14.7%

+5.51%

turnover

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

Balance Sheet

December 2022

net assets

183.6k

total assets

188.4k

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

01772651

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

November 1983

ultimate parent company

None

previous names

w.j. capper ltd (April 2023)

w.j. capper (bulk haulage) limited (August 2019)

address

jupiter house, warley hill busin, the drive, brentwood, essex, CM13 3BE

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 freight 24 logistics limited. Currently there are 1 open charges and 1 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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freight 24 logistics limited Company Information

freight 24 logistics limited Estimated Valuation

freight 24 logistics limited Estimated Valuation

freight 24 logistics limited Estimated Valuation

Freight 24 Logistics Limited Overview

Freight 24 Logistics Limited Health Check

FREIGHT 24 LOGISTICS LIMITED financials

freight 24 logistics limited Credit Report and Business Information

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freight 24 logistics limited Ownership

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