fortmill finance limited
fortmill finance limited Company Information
Company Number
01849376
Website
worthtamainvestments.co.ukRegistered Address
28 church road, stanmore, middlesex, HA7 4XR
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02045244277
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
watchtower finance limited 50%
mr michael philip gershon 25%
View Allfortmill finance limited Estimated Valuation
Pomanda estimates the enterprise value of FORTMILL FINANCE LIMITED at £616.2k based on a Turnover of £465.7k and 1.32x industry multiple (adjusted for size and gross margin).
fortmill finance limited Estimated Valuation
Pomanda estimates the enterprise value of FORTMILL FINANCE LIMITED at £0 based on an EBITDA of £-1.3k and a 5.44x industry multiple (adjusted for size and gross margin).
fortmill finance limited Estimated Valuation
Pomanda estimates the enterprise value of FORTMILL FINANCE LIMITED at £135.3k based on Net Assets of £70.2k and 1.93x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fortmill Finance Limited Overview
Fortmill Finance Limited is a live company located in middlesex, HA7 4XR with a Companies House number of 01849376. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in September 1984, it's largest shareholder is watchtower finance limited with a 50% stake. Fortmill Finance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £465.7k with declining growth in recent years.
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Fortmill Finance Limited Health Check
Pomanda's financial health check has awarded Fortmill Finance Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
5 Weak
Size
annual sales of £465.7k, make it smaller than the average company (£4.2m)
- Fortmill Finance Limited
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (3.7%)
- Fortmill Finance Limited
3.7% - Industry AVG
Production
with a gross margin of 61.2%, this company has a comparable cost of product (61.2%)
- Fortmill Finance Limited
61.2% - Industry AVG
Profitability
an operating margin of -0.3% make it less profitable than the average company (11.5%)
- Fortmill Finance Limited
11.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Fortmill Finance Limited
13 - Industry AVG
Pay Structure
on an average salary of £72.8k, the company has an equivalent pay structure (£72.8k)
- Fortmill Finance Limited
£72.8k - Industry AVG
Efficiency
resulting in sales per employee of £232.8k, this is equally as efficient (£207.6k)
- Fortmill Finance Limited
£207.6k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is near the average (30 days)
- Fortmill Finance Limited
30 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Fortmill Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fortmill Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 133 weeks, this is more cash available to meet short term requirements (40 weeks)
133 weeks - Fortmill Finance Limited
40 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 78.6%, this is a higher level of debt than the average (56.8%)
78.6% - Fortmill Finance Limited
56.8% - Industry AVG
FORTMILL FINANCE LIMITED financials
Fortmill Finance Limited's latest turnover from January 2023 is estimated at £465.7 thousand and the company has net assets of £70.2 thousand. According to their latest financial statements, Fortmill Finance Limited has 2 employees and maintains cash reserves of £25.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 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 |
| 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 | 188,900 | 225,405 | 279,344 | 247,101 | 207,696 | 215,595 | 285,342 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 188,900 | 225,405 | 279,344 | 247,101 | 207,696 | 215,595 | 285,342 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 44,001 | 16,129 | 16,247 | 329,632 | 349,254 | 382,965 | 362,245 | 28,000 | 36,069 | 46,131 | 36,228 | 30,303 | 30,332 | 35,298 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 258,288 | 270,754 | 289,424 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 25,360 | 64,635 | 12,239 | 0 | 0 | 0 | 0 | 160,332 | 134,968 | 37,654 | 30,930 | 53,186 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 327,649 | 351,518 | 317,910 | 329,632 | 349,254 | 382,965 | 362,245 | 188,332 | 171,037 | 83,785 | 67,158 | 83,489 | 30,332 | 35,298 |
| total assets | 327,649 | 351,518 | 317,910 | 329,632 | 349,254 | 382,965 | 362,245 | 377,232 | 396,442 | 363,129 | 314,259 | 291,185 | 245,927 | 320,640 |
| 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 | 0 | 0 | 0 | 122,851 | 128,580 | 163,197 | 147,554 | 163,023 | 177,568 | 153,085 | 147,338 | 145,946 | 147,656 | 218,262 |
| 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 | 9,880 | 33,934 | 121,638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 9,880 | 33,934 | 121,638 | 122,851 | 128,580 | 163,197 | 147,554 | 163,023 | 177,568 | 153,085 | 147,338 | 145,946 | 147,656 | 218,262 |
| 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 | 247,539 | 247,539 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 140,000 | 140,000 | 100,000 | 75,000 | 25,000 | 25,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 247,539 | 247,539 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 130,000 | 140,000 | 140,000 | 100,000 | 75,000 | 25,000 | 25,000 |
| total liabilities | 257,419 | 281,473 | 251,638 | 252,851 | 258,580 | 293,197 | 277,554 | 293,023 | 317,568 | 293,085 | 247,338 | 220,946 | 172,656 | 243,262 |
| net assets | 70,230 | 70,045 | 66,272 | 76,781 | 90,674 | 89,768 | 84,691 | 84,209 | 78,874 | 70,044 | 66,921 | 70,239 | 73,271 | 77,378 |
| total shareholders funds | 70,230 | 70,045 | 66,272 | 76,781 | 90,674 | 89,768 | 84,691 | 84,209 | 78,874 | 70,044 | 66,921 | 70,239 | 73,271 | 77,378 |
| Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| 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 | ||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 15,406 | -18,788 | -23,961 | -19,622 | -33,711 | 20,720 | 145,345 | -44,574 | -64,001 | 42,146 | 45,330 | -7,928 | -74,713 | 320,640 |
| Creditors | 0 | 0 | -122,851 | -5,729 | -34,617 | 15,643 | -15,469 | -14,545 | 24,483 | 5,747 | 1,392 | -1,710 | -70,606 | 218,262 |
| Accruals and Deferred Income | -24,054 | -87,704 | 121,638 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 |
| 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 | 117,539 | 0 | 0 | 0 | 0 | 0 | -10,000 | 0 | 40,000 | 25,000 | 50,000 | 0 | 25,000 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -39,275 | 52,396 | 12,239 | 0 | 0 | 0 | -160,332 | 25,364 | 97,314 | 6,724 | -22,256 | 53,186 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -39,275 | 52,396 | 12,239 | 0 | 0 | 0 | -160,332 | 25,364 | 97,314 | 6,724 | -22,256 | 53,186 | 0 | 0 |
fortmill finance limited Credit Report and Business Information
Fortmill Finance Limited Competitor Analysis
Perform a competitor analysis for fortmill finance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fortmill finance limited Ownership
FORTMILL FINANCE LIMITED group structure
Fortmill Finance Limited has no subsidiary companies.
Ultimate parent company
FORTMILL FINANCE LIMITED
01849376
fortmill finance limited directors
Fortmill Finance Limited currently has 2 directors. The longest serving directors include Ms Sue Newton (Mar 2016) and Mr Marc Gershon (Sep 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Sue Newton | England | 54 years | Mar 2016 | - | Director |
| Mr Marc Gershon | England | 50 years | Sep 2018 | - | Director |
P&L
January 2023turnover
465.7k
+48%
operating profit
-1.3k
0%
gross margin
61.2%
-2.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2023net assets
70.2k
0%
total assets
327.6k
-0.07%
cash
25.4k
-0.61%
net assets
Total assets minus all liabilities
Similar Companies
fortmill finance limited company details
company number
01849376
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
September 1984
age
40
accounts
Total Exemption Full
ultimate parent company
previous names
fortmill investments limited (September 2018)
fortmill limited (October 1984)
incorporated
UK
address
28 church road, stanmore, middlesex, HA7 4XR
last accounts submitted
January 2023
fortmill finance 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 1 charges/mortgages relating to fortmill finance limited. Currently there are 0 open charges and 1 have been satisfied in the past.
fortmill finance limited Companies House Filings - See Documents
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