fortis lease uk ltd
fortis lease uk ltd Company Information
Company Number
01881042
Registered Address
midpoint alencon link, basingstoke, hampshire, RG21 7PP
Industry
Financial leasing
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
bnp paribas leasing solutions sa 100%
fortis lease uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTIS LEASE UK LTD at £1.2m based on a Turnover of £732k and 1.66x industry multiple (adjusted for size and gross margin).
fortis lease uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTIS LEASE UK LTD at £2.7m based on an EBITDA of £598.6k and a 4.59x industry multiple (adjusted for size and gross margin).
fortis lease uk ltd Estimated Valuation
Pomanda estimates the enterprise value of FORTIS LEASE UK LTD at £1.6m based on Net Assets of £2.9m and 0.57x industry multiple (adjusted for liquidity).
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Fortis Lease Uk Ltd Overview
Fortis Lease Uk Ltd is a live company located in hampshire, RG21 7PP with a Companies House number of 01881042. It operates in the financial leasing sector, SIC Code 64910. Founded in January 1985, it's largest shareholder is bnp paribas leasing solutions sa with a 100% stake. Fortis Lease Uk Ltd is a mature, small sized company, Pomanda has estimated its turnover at £732k with rapid growth in recent years.
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Fortis Lease Uk Ltd Health Check
Pomanda's financial health check has awarded Fortis Lease Uk Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
3 Weak
Size
annual sales of £732k, make it smaller than the average company (£6.3m)
£732k - Fortis Lease Uk Ltd
£6.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 107%, show it is growing at a faster rate (4.2%)
107% - Fortis Lease Uk Ltd
4.2% - Industry AVG
Production
with a gross margin of 47.9%, this company has a comparable cost of product (47.9%)
47.9% - Fortis Lease Uk Ltd
47.9% - Industry AVG
Profitability
an operating margin of 81.8% make it more profitable than the average company (26.8%)
81.8% - Fortis Lease Uk Ltd
26.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
- Fortis Lease Uk Ltd
16 - Industry AVG
Pay Structure
on an average salary of £72.3k, the company has an equivalent pay structure (£72.3k)
- Fortis Lease Uk Ltd
£72.3k - Industry AVG
Efficiency
resulting in sales per employee of £366k, this is less efficient (£521.7k)
- Fortis Lease Uk Ltd
£521.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Fortis Lease Uk Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Fortis Lease Uk Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fortis Lease Uk Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2476 weeks, this is more cash available to meet short term requirements (6 weeks)
2476 weeks - Fortis Lease Uk Ltd
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2%, this is a lower level of debt than the average (88.3%)
2% - Fortis Lease Uk Ltd
88.3% - Industry AVG
FORTIS LEASE UK LTD financials
Fortis Lease Uk Ltd's latest turnover from December 2023 is £732 thousand and the company has net assets of £2.9 million. According to their latest financial statements, we estimate that Fortis Lease Uk Ltd has 2 employees and maintains cash reserves of £2.8 million 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 | 732,000 | 57,000 | 28,000 | 83,000 | 181,000 | 151,000 | 1,064,000 | 9,470,000 | 4,032,000 | 8,351,000 | 26,340,000 | 28,674,000 | 50,470,000 | 72,752,900 | 61,647,500 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 11,554,000 | 26,949,000 | 27,951,000 | 17,053,700 | |||||||||||
| Gross Profit | 17,120,000 | 23,521,000 | 44,801,900 | 44,593,800 | |||||||||||
| Admin Expenses | 8,341,000 | 9,828,000 | 21,458,100 | 49,972,800 | |||||||||||
| Operating Profit | 8,779,000 | 13,693,000 | 23,343,800 | -5,379,000 | |||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 144,000 | 1,334,000 | 691,000 | 1,069,000 | 2,002,000 | 6,482,000 | 15,002,000 | 30,437,000 | 349,000 | 32,166,900 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 50,470,000 | 297,000 | 0 |
| Pre-Tax Profit | 710,000 | -637,000 | 102,000 | 92,000 | 1,428,000 | 1,369,000 | -1,093,000 | -368,000 | -3,175,000 | 3,636,000 | 3,775,000 | -2,089,000 | 14,239,000 | 23,291,800 | -5,430,000 |
| Tax | -144,000 | 132,000 | -14,000 | 232,000 | -667,000 | -275,000 | 272,000 | 218,000 | 12,000 | -670,000 | -3,982,000 | 640,000 | -5,251,000 | -7,236,700 | 1,534,600 |
| Profit After Tax | 566,000 | -505,000 | 88,000 | 324,000 | 761,000 | 1,094,000 | -821,000 | -150,000 | -3,163,000 | 2,966,000 | -207,000 | -1,449,000 | 8,988,000 | 16,055,100 | -3,895,400 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,988,000 | 7,655,000 | 0 | 0 |
| Retained Profit | 566,000 | -505,000 | 88,000 | 324,000 | 761,000 | 1,094,000 | -821,000 | -150,000 | -3,163,000 | 2,966,000 | -207,000 | -10,437,000 | 1,333,000 | 16,055,100 | -3,895,400 |
| Employee Costs | 0 | 142,000 | 120,000 | 987,000 | 7,363,000 | 2,322,000 | 4,942,800 | 5,515,700 | |||||||
| Number Of Employees | 8 | 23 | 56 | 79 | 91 | ||||||||||
| EBITDA* | 12,150,000 | 16,121,000 | 25,527,400 | -3,578,200 |
* 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 | 252,000 | 642,000 | 3,145,000 | 7,685,000 | 9,816,000 | 73,715,000 | 79,863,000 | 100,202,000 | 142,983,000 | 256,083,000 | 364,339,000 | 553,559,000 | 732,909,800 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 252,000 | 642,000 | 1,050,000 | 4,859,000 | 6,397,000 | 69,574,000 | 74,856,000 | 91,320,000 | 125,462,000 | 178,284,000 | 33,868,000 | 33,868,400 | 35,987,100 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 2,095,000 | 0 | 0 | 0 | 0 | 2,123,000 | 5,746,000 | 58,144,000 | 305,073,000 | 494,401,600 | 665,409,000 |
| Total Fixed Assets | 0 | 0 | 252,000 | 642,000 | 3,145,000 | 7,685,000 | 9,816,000 | 73,715,000 | 79,863,000 | 100,202,000 | 142,983,000 | 256,083,000 | 364,339,000 | 553,559,000 | 732,909,800 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 41,000 | 149,000 | 174,000 | 195,000 | 1,000 | 68,000 | 40,000 | 1,398,000 | 830,000 | 743,000 | 62,488,000 | 0 | 239,458,200 | 379,040,700 |
| Group Debtors | 0 | 0 | 40,000 | 0 | 1,223,000 | 0 | 0 | 0 | 0 | 0 | 0 | 108,649,000 | 223,720,000 | 422,264,600 | 449,047,400 |
| Misc Debtors | 124,000 | 158,000 | 2,339,000 | 2,555,000 | 0 | 1,575,000 | 5,416,000 | 5,076,000 | 5,589,000 | 5,874,000 | 1,826,000 | 4,172,000 | 178,219,000 | 0 | 35,528,200 |
| Cash | 2,810,000 | 3,433,000 | 11,296,000 | 11,649,000 | 10,443,000 | 13,412,000 | 48,268,000 | 9,141,000 | 52,421,000 | 45,219,000 | 21,011,000 | 34,647,000 | 94,620,000 | 7,741,900 | 5,783,100 |
| misc current assets | 0 | 252,000 | 390,000 | 408,000 | 407,000 | 1,600,000 | 1,605,000 | 6,725,000 | 2,538,000 | 21,411,000 | 54,586,000 | 13,860,000 | 6,273,000 | 7,296,500 | 163,000 |
| total current assets | 2,934,000 | 3,884,000 | 14,214,000 | 14,786,000 | 12,484,000 | 16,588,000 | 55,357,000 | 20,982,000 | 61,946,000 | 73,334,000 | 78,166,000 | 223,816,000 | 502,832,000 | 676,761,200 | 869,562,400 |
| total assets | 2,934,000 | 3,884,000 | 14,466,000 | 15,428,000 | 15,629,000 | 24,273,000 | 65,173,000 | 94,697,000 | 141,809,000 | 173,536,000 | 221,149,000 | 479,899,000 | 867,171,000 | 1,230,320,200 | 1,602,472,200 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 344,000 | 0 | 4,455,000 | 42,582,000 | 41,913,000 | 41,504,000 | 46,116,000 | 55,899,000 | 385,441,000 | 702,859,000 | 1,043,711,000 | 1,426,840,100 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 553,000 | 625,000 | 588,000 | 587,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 59,000 | 1,022,000 | 474,000 | 592,000 | 874,000 | 3,318,000 | 5,647,000 | 4,529,000 | 4,614,000 | 6,602,000 | 14,742,000 | 22,934,000 | 17,351,000 | 40,981,600 | 46,059,600 |
| total current liabilities | 59,000 | 1,575,000 | 1,099,000 | 1,524,000 | 1,461,000 | 7,773,000 | 48,229,000 | 46,442,000 | 46,118,000 | 52,718,000 | 70,641,000 | 408,375,000 | 720,210,000 | 1,084,692,600 | 1,472,899,700 |
| loans | 0 | 0 | 1,106,000 | 2,356,000 | 3,532,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 553,000 | 1,178,000 | 1,766,000 | 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 | 4,859,000 | 6,397,000 | 36,887,000 | 44,173,000 | 66,137,000 | 99,191,000 | 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 | 553,000 | 1,178,000 | 1,766,000 | 4,859,000 | 6,397,000 | 36,887,000 | 44,173,000 | 66,137,000 | 99,191,000 | 0 | 0 | 0 | 0 |
| total liabilities | 59,000 | 1,575,000 | 1,652,000 | 2,702,000 | 3,227,000 | 12,632,000 | 54,626,000 | 83,329,000 | 90,291,000 | 118,855,000 | 169,832,000 | 408,375,000 | 720,210,000 | 1,084,692,600 | 1,472,899,700 |
| net assets | 2,875,000 | 2,309,000 | 12,814,000 | 12,726,000 | 12,402,000 | 11,641,000 | 10,547,000 | 11,368,000 | 51,518,000 | 54,681,000 | 51,317,000 | 71,524,000 | 146,961,000 | 145,627,600 | 129,572,500 |
| total shareholders funds | 2,875,000 | 2,309,000 | 12,814,000 | 12,726,000 | 12,402,000 | 11,641,000 | 10,547,000 | 11,368,000 | 51,518,000 | 54,681,000 | 51,317,000 | 71,524,000 | 146,961,000 | 145,627,600 | 129,572,500 |
| 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 | 8,779,000 | 13,693,000 | 23,343,800 | -5,379,000 | |||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 154,000 | 2,918,000 | 3,371,000 | 2,428,000 | 2,183,600 | 1,800,800 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -144,000 | 132,000 | -14,000 | 232,000 | -667,000 | -275,000 | 272,000 | 218,000 | 12,000 | -670,000 | -3,982,000 | 640,000 | -5,251,000 | -7,236,700 | 1,534,600 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -75,000 | -2,329,000 | -201,000 | -784,000 | 1,937,000 | -3,908,000 | 368,000 | -1,871,000 | -1,840,000 | 512,000 | -225,138,000 | -473,559,000 | -449,112,400 | -372,900,900 | 1,529,025,300 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -963,000 | 548,000 | -118,000 | -282,000 | -2,444,000 | -2,329,000 | 1,118,000 | -85,000 | -1,988,000 | -8,140,000 | -8,192,000 | 5,583,000 | -23,630,600 | -5,078,000 | 46,059,600 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 491,932,000 | 436,351,800 | 386,113,600 | -1,485,009,300 | |||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | -252,000 | -390,000 | -408,000 | -3,809,000 | -1,538,000 | -63,177,000 | -5,282,000 | -16,464,000 | -34,142,000 | -52,822,000 | 144,416,000 | -400 | -2,118,700 | 35,987,100 |
| 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 | 0 | 0 | -344,000 | 344,000 | -4,455,000 | -38,127,000 | 669,000 | 409,000 | -4,612,000 | -9,783,000 | -329,542,000 | -317,418,000 | -340,852,000 | -383,129,100 | 1,426,840,100 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -1,106,000 | -1,250,000 | -1,176,000 | 3,532,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -553,000 | -625,000 | -588,000 | -587,000 | 2,353,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -4,859,000 | -1,538,000 | -30,490,000 | -7,286,000 | -21,964,000 | -33,054,000 | 99,191,000 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | -144,000 | -1,334,000 | -691,000 | -1,069,000 | -2,002,000 | -6,482,000 | -15,002,000 | 20,033,000 | -52,000 | -32,166,900 |
| cash flow from financing | -553,000 | -11,731,000 | -2,182,000 | -1,419,000 | -3,429,000 | -39,809,000 | -31,155,000 | -47,568,000 | -27,645,000 | -44,441,000 | -256,833,000 | -397,420,000 | -320,818,600 | -383,181,100 | 1,528,141,100 |
| cash and cash equivalents | |||||||||||||||
| cash | -623,000 | -7,863,000 | -353,000 | 1,206,000 | -2,969,000 | -34,856,000 | 39,127,000 | -43,280,000 | 7,202,000 | 24,208,000 | -13,636,000 | -59,973,000 | 86,878,100 | 1,958,800 | 5,783,100 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -623,000 | -7,863,000 | -353,000 | 1,206,000 | -2,969,000 | -34,856,000 | 39,127,000 | -43,280,000 | 7,202,000 | 24,208,000 | -13,636,000 | -59,973,000 | 86,878,100 | 1,958,800 | 5,783,100 |
fortis lease uk ltd Credit Report and Business Information
Fortis Lease Uk Ltd Competitor Analysis
Perform a competitor analysis for fortis lease uk ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in RG21 area or any other competitors across 12 key performance metrics.
fortis lease uk ltd Ownership
FORTIS LEASE UK LTD group structure
Fortis Lease Uk Ltd has no subsidiary companies.
Ultimate parent company
BNP PARIBAS SA
#0035660
BNP PARIBAS LEASING SOLUTIONS SA
#0069738
2 parents
FORTIS LEASE UK LTD
01881042
fortis lease uk ltd directors
Fortis Lease Uk Ltd currently has 2 directors. The longest serving directors include Mr Eric Gandemer (Nov 2023) and Mrs Jacqueline Robson (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Gandemer | England | 48 years | Nov 2023 | - | Director |
| Mrs Jacqueline Robson | England | 45 years | Nov 2023 | - | Director |
P&L
December 2023turnover
732k
+1184%
operating profit
598.6k
0%
gross margin
47.9%
-8.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.9m
+0.25%
total assets
2.9m
-0.24%
cash
2.8m
-0.18%
net assets
Total assets minus all liabilities
fortis lease uk ltd company details
company number
01881042
Type
Private limited with Share Capital
industry
64910 - Financial leasing
incorporation date
January 1985
age
39
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
ba (October 2003)
bank austria creditanstalt asset finance limited (September 1999)
See morelast accounts submitted
December 2023
address
midpoint alencon link, basingstoke, hampshire, RG21 7PP
accountant
-
auditor
MAZARS LLP
fortis lease uk ltd 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 did not find charges/mortgages relating to fortis lease uk ltd.
fortis lease uk ltd Companies House Filings - See Documents
| date | description | view/download |
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