Fortchase Limited

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fortchase limited Company Information

Dissolved

Company Number

01799111

Next Accounts

Jan 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.

Directors

Thomas Vorhand

Bernard Stroh

Shareholders

deepsound properties ltd

thomas vorhand

Group Structure

View All

Contact

Registered Address

ashley works, ashley road, tottenham hale, london, N17 9LJ

Website

fortchase limited Estimated Valuation

£163.1k

Pomanda estimates the enterprise value of FORTCHASE LIMITED at £163.1k based on a Turnover of £67.1k and 2.43x industry multiple (adjusted for size and gross margin).

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Fortchase Limited is a dissolved company that was located in tottenham hale, N17 9LJ with a Companies House number of 01799111. It operated in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in March 1984, it's largest shareholder was deepsound properties ltd with a 75% stake. The last turnover for Fortchase Limited was estimated at £67.1k.

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Pomanda's financial health check has awarded Fortchase Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £67.1k, make it smaller than the average company (£527.5k)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.9%)

EXPORT

Fortchase Limited's latest turnover from September 2018 is estimated at £67.1 thousand and the company has net assets of -£167.3 thousand. According to their latest financial statements, we estimate that Fortchase Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	67,136	1,233,914	75,256	103,961	112,129	105,928	96,755	93,522	76,708	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	46,812	837,853	50,387	73,785	81,354	78,706	71,056	68,133	53,507	0
Gross Profit	20,324	396,062	24,869	30,175	30,775	27,222	25,699	25,390	23,201	0
Admin Expenses	393,761	383,791	23,507	28,520	27,399	28,955	26,228	25,924	23,689	-260,899
Operating Profit	-373,437	12,271	1,362	1,655	3,376	-1,733	-529	-534	-488	260,899
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	273	546	1,084	1,066	1,058	1,059	1,057	1,063	535
Pre-Tax Profit	-373,437	12,544	1,908	2,739	4,442	-675	530	523	575	261,435
Tax	0	-2,383	-381	-548	-933	0	-127	-136	-161	-73,202
Profit After Tax	-373,437	10,161	1,526	2,191	3,509	-675	403	387	414	188,233
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-373,437	10,161	1,526	2,191	3,509	-675	403	387	414	188,233
Employee Costs	27,159	129,517	26,347	26,432	25,321	24,132	24,409	23,867	24,345	0
Number Of Employees	1	5	1	1	1	1	1	1	1	0
EBITDA*	-373,437	12,271	1,362	1,655	3,376	-1,733	-529	-534	-488	260,899

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	76,016	120,000	120,000	120,000	120,000	120,000	120,000	0	120,000
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	120,000	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	76,016	120,000	120,000	120,000	120,000	120,000	120,000	120,000	120,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	10,756	308,176	0	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0
Cash	0	0	218,462	217,980	215,449	211,061	212,045	211,543	211,056	214,101
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	10,756	308,176	218,462	217,980	215,449	211,061	212,045	211,543	211,056	214,101
total assets	10,756	384,192	338,462	337,980	335,449	331,061	332,045	331,543	331,056	334,101
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	86,338	86,337	86,718	87,762	87,422	86,543	86,852	86,753	86,653	90,112
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	86,338	86,337	86,718	87,762	87,422	86,543	86,852	86,753	86,653	90,112
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	91,706	91,706	0	0	0	0	0	0	0	0
total long term liabilities	91,706	91,706	0	0	0	0	0	0	0	0
total liabilities	178,044	178,043	86,718	87,762	87,422	86,543	86,852	86,753	86,653	90,112
net assets	-167,288	206,149	251,744	250,218	248,027	244,518	245,193	244,790	244,403	243,989
total shareholders funds	-167,288	206,149	251,744	250,218	248,027	244,518	245,193	244,790	244,403	243,989

	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-373,437	12,271	1,362	1,655	3,376	-1,733	-529	-534	-488	260,899
Depreciation	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,383	-381	-548	-933	0	-127	-136	-161	-73,202
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-297,420	308,176	0	0	0	0	0	0	0	0
Creditors	1	-381	-1,044	340	879	-309	99	100	-3,459	90,112
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	91,706	0	0	0	0	0	0	0	0
Cash flow from operations	-76,016	-206,963	-63	1,447	3,322	-2,042	-557	-570	-4,108	277,809
Investing Activities
capital expenditure	76,016	43,984	0	0	0	0	0	-120,000	120,000	-120,000
Change in Investments	0	0	0	0	0	0	0	-120,000	120,000	0
cash flow from investments	76,016	43,984	0	0	0	0	0	0	0	-120,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	-55,756	0	0	0	0	0	0	0	55,756
interest	0	273	546	1,084	1,066	1,058	1,059	1,057	1,063	535
cash flow from financing	0	-55,483	546	1,084	1,066	1,058	1,059	1,057	1,063	56,291
cash and cash equivalents
cash	0	-218,462	482	2,531	4,388	-984	502	487	-3,045	214,101
overdraft	0	0	0	0	0	0	0	0	0	0
change in cash	0	-218,462	482	2,531	4,388	-984	502	487	-3,045	214,101

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FORTCHASE LIMITED group structure

Fortchase Limited has no subsidiary companies.

Ultimate parent company

TZEDOKOH LTD

03177825

DEEPSOUND PROPERTIES LIMITED

01531851

2 parents

FORTCHASE LIMITED

01799111

FORTCHASE LIMITED Shareholders

deepsound properties ltd	75%
thomas vorhand	25%

Fortchase Limited currently has 2 directors. The longest serving directors include Mr Thomas Vorhand (Sep 1991) and Mr Bernard Stroh (Sep 1991).

officer	country	age	start	end	role
Mr Thomas Vorhand	England	72 years	Sep 1991	-	Director
Mr Bernard Stroh		72 years	Sep 1991	-	Director

P&L

September 2018

turnover

67.1k

-95%

operating profit

-373.4k

gross margin

30.3%

-5.68%

turnover

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

Balance Sheet

September 2018

net assets

-167.3k

-1.81%

total assets

10.8k

-0.97%

cash

net assets

Total assets minus all liabilities

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company number

01799111

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.

incorporation date

March 1984

ultimate parent company

TZEDOKOH LTD

previous names

N/A

address

ashley works, ashley road, tottenham hale, london, N17 9LJ

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 fortchase limited. Currently there are 5 open charges and 0 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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fortchase limited Company Information

fortchase limited Estimated Valuation

fortchase limited Estimated Valuation

fortchase limited Estimated Valuation

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FORTCHASE LIMITED financials

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