frictionless trade services limited

frictionless trade services limited Company Information

Share FRICTIONLESS TRADE SERVICES LIMITED
Live 
MatureMidDeclining

Company Number

01816169

Industry

Freight transport by road

 

Directors

Andrew Baxter

Daniel Cook

View All

Shareholders

europa worldwide logistics ltd

Group Structure

View All

Contact

Registered Address

littlebrook dc1 shield road, dartford, kent, DA1 5UR

frictionless trade services limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of FRICTIONLESS TRADE SERVICES LIMITED at £2.6m based on a Turnover of £6.9m and 0.37x industry multiple (adjusted for size and gross margin).

frictionless trade services limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FRICTIONLESS TRADE SERVICES LIMITED at £0 based on an EBITDA of £-89.2k and a 2.6x industry multiple (adjusted for size and gross margin).

frictionless trade services limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of FRICTIONLESS TRADE SERVICES LIMITED at £4m based on Net Assets of £1.6m and 2.54x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Frictionless Trade Services Limited Overview

Frictionless Trade Services Limited is a live company located in kent, DA1 5UR with a Companies House number of 01816169. It operates in the freight transport by road sector, SIC Code 49410. Founded in May 1984, it's largest shareholder is europa worldwide logistics ltd with a 100% stake. Frictionless Trade Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with declining growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Frictionless Trade Services Limited Health Check

Pomanda's financial health check has awarded Frictionless Trade Services Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1out of 5
positive_score

1 Strong

positive_score

0 Regular

positive_score

9 Weak

size

Size

annual sales of £6.9m, make it smaller than the average company (£10.7m)

£6.9m - Frictionless Trade Services Limited

£10.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (9.1%)

-33% - Frictionless Trade Services Limited

9.1% - Industry AVG

production

Production

with a gross margin of 3.9%, this company has a higher cost of product (22.5%)

3.9% - Frictionless Trade Services Limited

22.5% - Industry AVG

profitability

Profitability

an operating margin of -1.3% make it less profitable than the average company (5.3%)

-1.3% - Frictionless Trade Services Limited

5.3% - Industry AVG

employees

Employees

with 6 employees, this is below the industry average (65)

6 - Frictionless Trade Services Limited

65 - Industry AVG

paystructure

Pay Structure

on an average salary of £71.3k, the company has a higher pay structure (£40.7k)

£71.3k - Frictionless Trade Services Limited

£40.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.2m, this is more efficient (£141.1k)

£1.2m - Frictionless Trade Services Limited

£141.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 127 days, this is later than average (52 days)

127 days - Frictionless Trade Services Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 0 days, this is quicker than average (30 days)

0 days - Frictionless Trade Services Limited

30 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Frictionless Trade Services Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Frictionless Trade Services Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.7%, this is a higher level of debt than the average (60.2%)

76.7% - Frictionless Trade Services Limited

60.2% - Industry AVG

FRICTIONLESS TRADE SERVICES LIMITED financials

EXPORTms excel logo

Frictionless Trade Services Limited's latest turnover from December 2023 is £6.9 million and the company has net assets of £1.6 million. According to their latest financial statements, Frictionless Trade Services Limited has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover6,941,9938,679,55719,412,73422,665,87924,932,53520,249,75918,903,85412,595,8908,300,9276,957,9926,853,3827,191,3637,441,84812,392,9018,560,975
Other Income Or Grants000000000000000
Cost Of Sales6,669,5988,482,86918,871,27122,349,87024,616,84719,873,57918,561,96212,288,0388,124,2626,787,5846,671,1407,019,3447,215,69612,054,2058,310,049
Gross Profit272,395196,688541,463316,009315,688376,180341,892307,852176,665170,408182,242172,019226,152338,696250,926
Admin Expenses361,616234,651297,184-3,021175,50897,32057,38735,07824,12722,65321,81921,56725,63321,69624,670
Operating Profit-89,221-37,963244,279319,030140,180278,860284,505272,774152,538147,755160,423150,452200,519317,000226,256
Interest Payable02171821025960422534901540000
Interest Receivable0000000000002,36410,5561,818
Pre-Tax Profit-89,221-38,180244,278318,209140,180278,601283,901272,549152,189147,755160,269150,452202,883327,556228,074
Tax867-851324-79-9,001-14,608-143-4270-14,256-1,538-34,628-86,286-57,258
Profit After Tax-88,354-38,265244,410318,213140,101269,600269,293272,406151,762147,755146,013148,914168,255241,270170,816
Dividends Paid000000000350,0000150,000150,000200,000500,000
Retained Profit-88,354-38,265244,410318,213140,101269,600269,293272,406151,762-202,245146,013-1,08618,25541,270-329,184
Employee Costs427,768154,64554,53951,84845,22141,35139,58614,10814,10813,8171,795,01513,42813,40912,86612,992
Number Of Employees65662222336064681190
EBITDA*-89,221-37,963244,279319,030140,180278,860284,505272,774152,538147,755160,423150,452200,519317,000226,256

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets000000000000000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000071379288001,1511,57802,0172,4353,0310
Total Fixed Assets000071379288001,1511,57802,0172,4353,0310
Stock & work in progress000000000000000
Trade Debtors2,430,5642,854,8972,358,0071,513,913593,887466,949241,538416,319486,066204,169239,004153,815122,146100,533233,070
Group Debtors4,277,0832,967,5982,919,1824,012,4001,562,4991,696,2361,735,9571,077,121546,526559,846453,176422,616301,33500
Misc Debtors75,6737642,69831,9703720097805,58726,372054,43445,2373,618
Cash066,720212,968114,779364,236383,214172,37028,69600152,94813,706196,650983,039744,832
misc current assets000000000000000
total current assets6,783,3205,889,9795,492,8555,673,0622,520,9942,546,3992,149,8651,523,1141,032,592769,602871,500590,137674,5651,128,809981,520
total assets6,783,3205,889,9795,492,8555,673,0622,521,7072,547,1912,150,7451,523,1141,033,743771,180871,500592,154677,0001,131,840981,520
Bank overdraft5,63300000009,7551,44300000
Bank loan000000000000000
Trade Creditors 2,054567,278816,5411,687,2571,333,9771,491,9971,375,9711,034,773806,357353,868596,380466,241512,876458,141743,327
Group/Directors Accounts5,192,5023,651,0842,945,4352,360,52240,72724,05222,96219,39221,998371,99821,99821,99822,102495,584139,218
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities12425621,253160,067024,24014,51094030307,0363,84240,86395,21157,341
total current liabilities5,200,3134,218,6183,783,2294,207,8461,374,7041,540,2891,413,4431,055,105838,140727,339625,414492,081575,8411,048,936939,886
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000000000
total liabilities5,200,3134,218,6183,783,2294,207,8461,374,7041,540,2891,413,4431,055,105838,140727,339625,414492,081575,8411,048,936939,886
net assets1,583,0071,671,3611,709,6261,465,2161,147,0031,006,902737,302468,009195,60343,841246,086100,073101,15982,90441,634
total shareholders funds1,583,0071,671,3611,709,6261,465,2161,147,0031,006,902737,302468,009195,60343,841246,086100,073101,15982,90441,634
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-89,221-37,963244,279319,030140,180278,860284,505272,774152,538147,755160,423150,452200,519317,000226,256
Depreciation000000000000000
Amortisation000000000000000
Tax867-851324-79-9,001-14,608-143-4270-14,256-1,538-34,628-86,286-57,258
Stock000000000000000
Debtors960,061543,372-278,3963,400,812-6,506185,602483,957460,675262,56352,628140,10498,098331,549-87,887236,688
Creditors-565,224-249,263-870,716353,280-158,020116,026341,198228,416452,489-242,512130,139-46,63554,735-285,186743,327
Accruals and Deferred Income-132-20,997-138,814160,067-24,2409,73013,5709100-7,0063,194-37,021-54,34837,87057,341
Deferred Taxes & Provisions000000000000000
Cash flow from operations-1,613,771-851,680-486,723-2,568,431-35,653210,013140,70841,282342,037-154,391139,396-32,840-165,27171,285732,978
Investing Activities
capital expenditure000000000000000
Change in Investments000000000000000
cash flow from investments000000000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts1,541,418705,649584,9132,319,79516,6751,0903,570-2,606-350,000350,0000-104-473,482356,366139,218
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000000370,818
interest0-217-1-8210-259-604-225-3490-15402,36410,5561,818
cash flow from financing1,541,418705,432584,9122,318,97416,6758312,966-2,831-350,349350,000-154-104-471,118366,922511,854
cash and cash equivalents
cash-66,720-146,24898,189-249,457-18,978210,844143,67428,6960-152,948139,242-182,944-786,389238,207744,832
overdraft5,633000000-9,7558,3121,44300000
change in cash-72,353-146,24898,189-249,457-18,978210,844143,67438,451-8,312-154,391139,242-182,944-786,389238,207744,832

frictionless trade services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for frictionless trade services limited. Get real-time insights into frictionless trade services limited's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Frictionless Trade Services Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for frictionless trade services limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in DA1 area or any other competitors across 12 key performance metrics.

frictionless trade services limited Ownership

FRICTIONLESS TRADE SERVICES LIMITED group structure

Frictionless Trade Services Limited has no subsidiary companies.

Ultimate parent company

2 parents

FRICTIONLESS TRADE SERVICES LIMITED

01816169

FRICTIONLESS TRADE SERVICES LIMITED Shareholders

europa worldwide logistics ltd 100%

frictionless trade services limited directors

Frictionless Trade Services Limited currently has 4 directors. The longest serving directors include Mr Andrew Baxter (Aug 2013) and Mr Daniel Cook (Jul 2020).

officercountryagestartendrole
Mr Andrew BaxterEngland49 years Aug 2013- Director
Mr Daniel Cook50 years Jul 2020- Director
Mr Robert JonesEngland56 years Apr 2021- Director
Mrs Dionne Redpath52 years Sep 2021- Director

P&L

December 2023

turnover

6.9m

-20%

operating profit

-89.2k

+135%

gross margin

4%

+73.15%

turnover

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

Balance Sheet

December 2023

net assets

1.6m

-0.05%

total assets

6.8m

+0.15%

cash

0

-1%

net assets

Total assets minus all liabilities

frictionless trade services limited company details

company number

01816169

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

May 1984

age

40

incorporated

UK

accounts

Small Company

last accounts submitted

December 2023

previous names

dutyline limited (July 2020)

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

address

littlebrook dc1 shield road, dartford, kent, DA1 5UR

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

IRWIN MITCHELL LLP

frictionless trade 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 7 charges/mortgages relating to frictionless trade services limited. Currently there are 2 open charges and 5 have been satisfied in the past.

frictionless trade 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.

Click to start generating capital raising & share issue transactions for FRICTIONLESS TRADE SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.

frictionless trade services limited Companies House Filings - See Documents

datedescriptionview/download