frictionless trade services limited Company Information
Company Number
01816169
Next Accounts
Sep 2025
Industry
Freight transport by road
Shareholders
europa worldwide logistics ltd
Group Structure
View All
Contact
Registered Address
littlebrook dc1 shield road, dartford, kent, DA1 5UR
Website
http://europa-worldwide.comfrictionless trade services limited Estimated Valuation
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
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
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.
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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
1 Strong
0 Regular
9 Weak
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
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
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
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
with 6 employees, this is below the industry average (65)
6 - Frictionless Trade Services Limited
65 - Industry AVG
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
resulting in sales per employee of £1.2m, this is more efficient (£141.1k)
£1.2m - Frictionless Trade Services Limited
£141.1k - Industry AVG
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
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
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Frictionless Trade Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Frictionless Trade Services Limited
- - Industry AVG
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
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 House, Pomanda Estimates
Dec 2023 | 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 | 6,941,993 | 8,679,557 | 19,412,734 | 22,665,879 | 24,932,535 | 20,249,759 | 18,903,854 | 12,595,890 | 8,300,927 | 6,957,992 | 6,853,382 | 7,191,363 | 7,441,848 | 12,392,901 | 8,560,975 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 6,669,598 | 8,482,869 | 18,871,271 | 22,349,870 | 24,616,847 | 19,873,579 | 18,561,962 | 12,288,038 | 8,124,262 | 6,787,584 | 6,671,140 | 7,019,344 | 7,215,696 | 12,054,205 | 8,310,049 |
Gross Profit | 272,395 | 196,688 | 541,463 | 316,009 | 315,688 | 376,180 | 341,892 | 307,852 | 176,665 | 170,408 | 182,242 | 172,019 | 226,152 | 338,696 | 250,926 |
Admin Expenses | 361,616 | 234,651 | 297,184 | -3,021 | 175,508 | 97,320 | 57,387 | 35,078 | 24,127 | 22,653 | 21,819 | 21,567 | 25,633 | 21,696 | 24,670 |
Operating Profit | -89,221 | -37,963 | 244,279 | 319,030 | 140,180 | 278,860 | 284,505 | 272,774 | 152,538 | 147,755 | 160,423 | 150,452 | 200,519 | 317,000 | 226,256 |
Interest Payable | 0 | 217 | 1 | 821 | 0 | 259 | 604 | 225 | 349 | 0 | 154 | 0 | 0 | 0 | 0 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,364 | 10,556 | 1,818 |
Pre-Tax Profit | -89,221 | -38,180 | 244,278 | 318,209 | 140,180 | 278,601 | 283,901 | 272,549 | 152,189 | 147,755 | 160,269 | 150,452 | 202,883 | 327,556 | 228,074 |
Tax | 867 | -85 | 132 | 4 | -79 | -9,001 | -14,608 | -143 | -427 | 0 | -14,256 | -1,538 | -34,628 | -86,286 | -57,258 |
Profit After Tax | -88,354 | -38,265 | 244,410 | 318,213 | 140,101 | 269,600 | 269,293 | 272,406 | 151,762 | 147,755 | 146,013 | 148,914 | 168,255 | 241,270 | 170,816 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 350,000 | 0 | 150,000 | 150,000 | 200,000 | 500,000 |
Retained Profit | -88,354 | -38,265 | 244,410 | 318,213 | 140,101 | 269,600 | 269,293 | 272,406 | 151,762 | -202,245 | 146,013 | -1,086 | 18,255 | 41,270 | -329,184 |
Employee Costs | 427,768 | 154,645 | 54,539 | 51,848 | 45,221 | 41,351 | 39,586 | 14,108 | 14,108 | 13,817 | 13,428 | 13,409 | 12,866 | 12,992 | |
Number Of Employees | 6 | 5 | 6 | 6 | 2 | 2 | 2 | 2 | 3 | 3 | |||||
EBITDA* | -89,221 | -37,963 | 244,279 | 319,030 | 140,180 | 278,860 | 284,505 | 272,774 | 152,538 | 147,755 | 160,423 | 150,452 | 200,519 | 317,000 | 226,256 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 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 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 713 | 792 | 880 | 0 | 1,151 | 1,578 | 0 | 2,017 | 2,435 | 3,031 | 0 |
Total Fixed Assets | 0 | 0 | 0 | 0 | 713 | 792 | 880 | 0 | 1,151 | 1,578 | 0 | 2,017 | 2,435 | 3,031 | 0 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 2,430,564 | 2,854,897 | 2,358,007 | 1,513,913 | 593,887 | 466,949 | 241,538 | 416,319 | 486,066 | 204,169 | 239,004 | 153,815 | 122,146 | 100,533 | 233,070 |
Group Debtors | 4,277,083 | 2,967,598 | 2,919,182 | 4,012,400 | 1,562,499 | 1,696,236 | 1,735,957 | 1,077,121 | 546,526 | 559,846 | 453,176 | 422,616 | 301,335 | 0 | 0 |
Misc Debtors | 75,673 | 764 | 2,698 | 31,970 | 372 | 0 | 0 | 978 | 0 | 5,587 | 26,372 | 0 | 54,434 | 45,237 | 3,618 |
Cash | 0 | 66,720 | 212,968 | 114,779 | 364,236 | 383,214 | 172,370 | 28,696 | 0 | 0 | 152,948 | 13,706 | 196,650 | 983,039 | 744,832 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 6,783,320 | 5,889,979 | 5,492,855 | 5,673,062 | 2,520,994 | 2,546,399 | 2,149,865 | 1,523,114 | 1,032,592 | 769,602 | 871,500 | 590,137 | 674,565 | 1,128,809 | 981,520 |
total assets | 6,783,320 | 5,889,979 | 5,492,855 | 5,673,062 | 2,521,707 | 2,547,191 | 2,150,745 | 1,523,114 | 1,033,743 | 771,180 | 871,500 | 592,154 | 677,000 | 1,131,840 | 981,520 |
Bank overdraft | 5,633 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,755 | 1,443 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 2,054 | 567,278 | 816,541 | 1,687,257 | 1,333,977 | 1,491,997 | 1,375,971 | 1,034,773 | 806,357 | 353,868 | 596,380 | 466,241 | 512,876 | 458,141 | 743,327 |
Group/Directors Accounts | 5,192,502 | 3,651,084 | 2,945,435 | 2,360,522 | 40,727 | 24,052 | 22,962 | 19,392 | 21,998 | 371,998 | 21,998 | 21,998 | 22,102 | 495,584 | 139,218 |
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 | 124 | 256 | 21,253 | 160,067 | 0 | 24,240 | 14,510 | 940 | 30 | 30 | 7,036 | 3,842 | 40,863 | 95,211 | 57,341 |
total current liabilities | 5,200,313 | 4,218,618 | 3,783,229 | 4,207,846 | 1,374,704 | 1,540,289 | 1,413,443 | 1,055,105 | 838,140 | 727,339 | 625,414 | 492,081 | 575,841 | 1,048,936 | 939,886 |
loans | 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 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total liabilities | 5,200,313 | 4,218,618 | 3,783,229 | 4,207,846 | 1,374,704 | 1,540,289 | 1,413,443 | 1,055,105 | 838,140 | 727,339 | 625,414 | 492,081 | 575,841 | 1,048,936 | 939,886 |
net assets | 1,583,007 | 1,671,361 | 1,709,626 | 1,465,216 | 1,147,003 | 1,006,902 | 737,302 | 468,009 | 195,603 | 43,841 | 246,086 | 100,073 | 101,159 | 82,904 | 41,634 |
total shareholders funds | 1,583,007 | 1,671,361 | 1,709,626 | 1,465,216 | 1,147,003 | 1,006,902 | 737,302 | 468,009 | 195,603 | 43,841 | 246,086 | 100,073 | 101,159 | 82,904 | 41,634 |
Dec 2023 | 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 | -89,221 | -37,963 | 244,279 | 319,030 | 140,180 | 278,860 | 284,505 | 272,774 | 152,538 | 147,755 | 160,423 | 150,452 | 200,519 | 317,000 | 226,256 |
Depreciation | 0 | 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 | 0 |
Tax | 867 | -85 | 132 | 4 | -79 | -9,001 | -14,608 | -143 | -427 | 0 | -14,256 | -1,538 | -34,628 | -86,286 | -57,258 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 960,061 | 543,372 | -278,396 | 3,400,812 | -6,506 | 185,602 | 483,957 | 460,675 | 262,563 | 52,628 | 140,104 | 98,098 | 331,549 | -87,887 | 236,688 |
Creditors | -565,224 | -249,263 | -870,716 | 353,280 | -158,020 | 116,026 | 341,198 | 228,416 | 452,489 | -242,512 | 130,139 | -46,635 | 54,735 | -285,186 | 743,327 |
Accruals and Deferred Income | -132 | -20,997 | -138,814 | 160,067 | -24,240 | 9,730 | 13,570 | 910 | 0 | -7,006 | 3,194 | -37,021 | -54,348 | 37,870 | 57,341 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -1,613,771 | -851,680 | -486,723 | -2,568,431 | -35,653 | 210,013 | 140,708 | 41,282 | 342,037 | -154,391 | 139,396 | -32,840 | -165,271 | 71,285 | 732,978 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 1,541,418 | 705,649 | 584,913 | 2,319,795 | 16,675 | 1,090 | 3,570 | -2,606 | -350,000 | 350,000 | 0 | -104 | -473,482 | 356,366 | 139,218 |
Other Short Term Loans | 0 | 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 | 0 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 0 | -217 | -1 | -821 | 0 | -259 | -604 | -225 | -349 | 0 | -154 | 0 | 2,364 | 10,556 | 1,818 |
cash flow from financing | 1,541,418 | 705,432 | 584,912 | 2,318,974 | 16,675 | 831 | 2,966 | -2,831 | -350,349 | 350,000 | -154 | -104 | -471,118 | 366,922 | 511,854 |
cash and cash equivalents | |||||||||||||||
cash | -66,720 | -146,248 | 98,189 | -249,457 | -18,978 | 210,844 | 143,674 | 28,696 | 0 | -152,948 | 139,242 | -182,944 | -786,389 | 238,207 | 744,832 |
overdraft | 5,633 | 0 | 0 | 0 | 0 | 0 | 0 | -9,755 | 8,312 | 1,443 | 0 | 0 | 0 | 0 | 0 |
change in cash | -72,353 | -146,248 | 98,189 | -249,457 | -18,978 | 210,844 | 143,674 | 38,451 | -8,312 | -154,391 | 139,242 | -182,944 | -786,389 | 238,207 | 744,832 |
frictionless trade services limited Credit Report and Business Information
Frictionless Trade Services Limited Competitor Analysis
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 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).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Andrew Baxter | England | 49 years | Aug 2013 | - | Director |
Mr Daniel Cook | 50 years | Jul 2020 | - | Director | |
Mr Robert Jones | England | 56 years | Apr 2021 | - | Director |
Mrs Dionne Redpath | 52 years | Sep 2021 | - | Director |
P&L
December 2023turnover
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 2023net 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
ultimate parent company
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.
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frictionless trade services limited Companies House Filings - See Documents
date | description | view/download |
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