Pomanda estimates the enterprise value of FASTNET FORWARDING LIMITED at £5.1m based on a Turnover of £7.5m and 0.67x industry multiple (adjusted for size and gross margin).
fastnet forwarding limitedEstimated Valuation
£2.3m
Pomanda estimates the enterprise value of FASTNET FORWARDING LIMITED at £2.3m based on an EBITDA of £752.2k and a 3.11x industry multiple (adjusted for size and gross margin).
fastnet forwarding limitedEstimated Valuation
£4m
Pomanda estimates the enterprise value of FASTNET FORWARDING LIMITED at £4m based on Net Assets of £2.1m and 1.95x industry multiple (adjusted for liquidity).
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Fastnet Forwarding LimitedOverview
Fastnet Forwarding Limited is a live company located in st albans, AL3 6PA with a Companies House number of 01891784. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in March 1985, it's largest shareholder is
star cargo plc
with a 99% stake. Fastnet Forwarding Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7.5m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Fastnet Forwarding Limited 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
Health Rating4.5out of 5
4 Strong
4 Regular
3 Weak
Size
annual sales of £7.5m, make it in line with the average company (£7.7m)
£7.5m - Fastnet Forwarding Limited
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8.5%)
5% - Fastnet Forwarding Limited
8.5% - Industry AVG
Production
with a gross margin of 31.4%, this company has a comparable cost of product (31.4%)
31.4% - Fastnet Forwarding Limited
31.4% - Industry AVG
Profitability
an operating margin of 10% make it as profitable than the average company (8.6%)
10% - Fastnet Forwarding Limited
8.6% - Industry AVG
Employees
with 15 employees, this is below the industry average (25)
15 - Fastnet Forwarding Limited
25 - Industry AVG
Pay Structure
on an average salary of £41.2k, the company has a lower pay structure (£59.1k)
£41.2k - Fastnet Forwarding Limited
£59.1k - Industry AVG
Efficiency
resulting in sales per employee of £501.4k, this is more efficient (£325.3k)
£501.4k - Fastnet Forwarding Limited
£325.3k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (39 days)
39 days - Fastnet Forwarding Limited
39 days - Industry AVG
Creditor Days
its suppliers are paid after 59 days, this is slower than average (35 days)
59 days - Fastnet Forwarding Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fastnet Forwarding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 7 weeks, this is less cash available to meet short term requirements (14 weeks)
7 weeks - Fastnet Forwarding Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.9%, this is a lower level of debt than the average (60.1%)
33.9% - Fastnet Forwarding Limited
60.1% - Industry AVG
FASTNET FORWARDING LIMITED financials
EXPORT
Fastnet Forwarding Limited's latest turnover from September 2024 is £7.5 million and the company has net assets of £2.1 million. According to their latest financial statements, Fastnet Forwarding Limited has 15 employees and maintains cash reserves of £145.1 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
7,520,308
7,834,030
8,780,074
6,506,881
4,380,714
4,507,636
3,938,775
3,611,336
3,252,316
3,525,745
4,567,715
3,895,445
3,250,947
3,006,571
2,993,649
2,462,888
Other Income Or Grants
Cost Of Sales
5,156,530
5,084,061
5,829,327
4,747,332
3,171,081
3,222,363
2,889,540
2,658,464
2,329,694
2,490,126
3,289,307
2,807,380
2,332,562
2,153,096
2,134,986
1,970,310
Gross Profit
2,363,778
2,749,969
2,950,747
1,759,549
1,209,633
1,285,273
1,049,235
952,872
922,622
1,035,619
1,278,408
1,088,065
918,385
853,475
858,663
492,578
Admin Expenses
1,614,161
2,057,721
2,104,710
1,138,390
952,063
971,082
831,610
837,387
844,174
903,062
1,027,283
942,907
778,799
723,119
692,010
400,397
Operating Profit
749,617
692,248
846,037
621,159
257,570
314,191
217,625
115,485
78,448
132,557
251,125
145,158
139,586
130,356
166,653
92,181
Interest Payable
Interest Receivable
102,419
84,727
24,368
6,704
8,849
9,227
5,695
2,018
3,199
6,222
3,132
2,810
2,075
3,699
3,874
5,469
Pre-Tax Profit
852,036
776,975
870,405
627,863
266,419
323,418
223,320
117,503
81,647
138,779
254,257
147,968
141,661
134,055
170,527
97,650
Tax
-213,894
-171,011
-165,991
-118,260
-52,877
-64,133
-45,343
-24,513
-15,536
-28,957
-58,075
-33,001
-36,171
-35,436
-44,978
-25,587
Profit After Tax
638,142
605,964
704,414
509,603
213,542
259,285
177,977
92,990
66,111
109,822
196,182
114,967
105,490
98,619
125,549
72,063
Dividends Paid
300,000
300,000
900,000
200,000
50,000
50,000
30,000
30,000
20,000
50,000
50,000
180,000
50,000
50,000
50,000
50,000
Retained Profit
338,142
305,964
-195,586
309,603
163,542
209,285
147,977
62,990
46,111
59,822
146,182
-65,033
55,490
48,619
75,549
22,063
Employee Costs
617,572
573,432
572,157
549,697
479,439
478,799
440,455
417,841
418,566
446,887
476,729
420,655
366,974
346,306
331,588
316,952
Number Of Employees
15
16
12
12
11
11
11
11
11
11
11
10
9
9
9
9
EBITDA*
752,236
694,321
847,552
623,143
274,952
334,292
238,262
130,440
81,098
134,122
253,256
149,872
144,627
136,093
170,095
95,348
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
4,566
7,185
2,705
4,220
3,165
5,005
11,201
11,410
5,489
2,023
2,551
5,698
6,037
9,828
14,449
8,807
Intangible Assets
13,404
26,807
31,699
40,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
4,566
7,185
2,705
4,220
3,165
18,409
38,008
43,109
45,489
2,023
2,551
5,698
6,037
9,828
14,449
8,807
Stock & work in progress
Trade Debtors
818,538
833,291
924,476
836,673
550,498
591,344
601,449
412,209
521,784
399,354
592,949
526,826
590,989
427,173
429,630
286,391
Group Debtors
399,726
787,917
977,602
1,083,408
370,520
317,072
267,536
231,562
172,184
15,840
1,745
Misc Debtors
56,303
50,699
32,396
31,135
14,106
16,838
11,545
17,711
15,716
16,870
16,575
21,824
13,718
15,343
12,199
10,906
Cash
145,093
192,759
123,846
1,591,733
1,212,389
805,270
583,074
572,997
454,550
624,454
618,111
459,801
434,420
437,121
360,046
309,124
misc current assets
1,699,366
1,606,842
1,544,247
total current assets
3,119,026
3,471,508
3,602,567
3,542,949
2,147,513
1,730,524
1,463,604
1,234,479
1,164,234
1,056,518
1,227,635
1,008,451
1,039,127
879,637
803,620
606,421
total assets
3,123,592
3,478,693
3,605,272
3,547,169
2,150,678
1,748,933
1,501,612
1,277,588
1,209,723
1,058,541
1,230,186
1,014,149
1,045,164
889,465
818,069
615,228
Bank overdraft
Bank loan
Trade Creditors
844,208
965,753
972,183
787,434
571,240
496,402
454,129
392,306
411,017
325,210
440,663
402,859
398,899
305,171
256,744
186,329
Group/Directors Accounts
11,278
606,169
1,026,677
1,012,553
163,660
13,928
3,790
14,393
16,774
14,741
64,676
58,475
62,112
55,604
44,298
26,101
other short term finances
hp & lease commitments
other current liabilities
203,776
180,583
186,188
131,372
109,571
95,938
110,313
85,486
59,519
42,288
108,367
82,517
48,822
48,849
85,805
47,125
total current liabilities
1,059,262
1,752,505
2,185,048
1,931,359
844,471
606,268
568,232
492,185
487,310
382,239
613,706
543,851
509,833
409,624
386,847
259,555
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
1,059,262
1,752,505
2,185,048
1,931,359
844,471
606,268
568,232
492,185
487,310
382,239
613,706
543,851
509,833
409,624
386,847
259,555
net assets
2,064,330
1,726,188
1,420,224
1,615,810
1,306,207
1,142,665
933,380
785,403
722,413
676,302
616,480
470,298
535,331
479,841
431,222
355,673
total shareholders funds
2,064,330
1,726,188
1,420,224
1,615,810
1,306,207
1,142,665
933,380
785,403
722,413
676,302
616,480
470,298
535,331
479,841
431,222
355,673
Sep 2024
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
749,617
692,248
846,037
621,159
257,570
314,191
217,625
115,485
78,448
132,557
251,125
145,158
139,586
130,356
166,653
92,181
Depreciation
2,619
2,073
1,515
1,984
3,978
6,698
7,234
4,389
2,650
1,565
2,131
4,714
5,041
5,737
3,442
3,167
Amortisation
13,404
13,403
13,403
10,566
Tax
-213,894
-171,011
-165,991
-118,260
-52,877
-64,133
-45,343
-24,513
-15,536
-28,957
-58,075
-33,001
-36,171
-35,436
-44,978
-25,587
Stock
Debtors
-397,340
-262,567
-16,742
1,016,092
9,870
44,724
219,048
-48,202
277,620
-177,460
60,874
-56,057
162,191
-1,058
146,277
297,297
Creditors
-121,545
-6,430
184,749
216,194
74,838
42,273
61,823
-18,711
85,807
-115,453
37,804
3,960
93,728
48,427
70,415
186,329
Accruals and Deferred Income
23,193
-5,605
54,816
21,801
13,633
-14,375
24,827
25,967
17,231
-66,079
25,850
33,695
-27
-36,956
38,680
47,125
Deferred Taxes & Provisions
Cash flow from operations
837,330
773,842
937,868
-273,214
300,676
253,333
60,521
161,385
-109,020
101,093
197,961
210,583
39,966
113,186
87,935
5,918
Investing Activities
capital expenditure
-6,553
-3,039
-2,138
-502
-15,536
-12,575
-46,116
-1,037
1,016
-4,375
-1,250
-1,116
-9,084
-11,974
Change in Investments
cash flow from investments
-6,553
-3,039
-2,138
-502
-15,536
-12,575
-46,116
-1,037
1,016
-4,375
-1,250
-1,116
-9,084
-11,974
Financing Activities
Bank loans
Group/Directors Accounts
-594,891
-420,508
14,124
848,893
149,732
10,138
-10,603
-2,381
2,033
-49,935
6,201
-3,637
6,508
11,306
18,197
26,101
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
333,610
interest
102,419
84,727
24,368
6,704
8,849
9,227
5,695
2,018
3,199
6,222
3,132
2,810
2,075
3,699
3,874
5,469
cash flow from financing
-492,472
-335,781
38,492
855,597
158,581
19,365
-4,908
-363
5,232
-43,713
9,333
-827
8,583
15,005
22,071
365,180
cash and cash equivalents
cash
-47,666
68,913
-1,467,887
379,344
407,119
222,196
10,077
118,447
-169,904
6,343
158,310
25,381
-2,701
77,075
50,922
309,124
overdraft
change in cash
-47,666
68,913
-1,467,887
379,344
407,119
222,196
10,077
118,447
-169,904
6,343
158,310
25,381
-2,701
77,075
50,922
309,124
fastnet forwarding 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 fastnet forwarding limited. Get real-time insights into fastnet forwarding limited's credit score, group structure and payment trends.
Perform a competitor analysis for fastnet forwarding limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other mid companies, companies in AL3 area or any other competitors across 12 key performance metrics.
fastnet forwarding limited Ownership
FASTNET FORWARDING LIMITED group structure
Fastnet Forwarding Limited has no subsidiary companies.
star cargo house 1 parkway, porters wood, st albans, hertfordshire, AL3 6PA
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
DOWNS SOLICITORS LLP
fastnet forwarding 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 2 charges/mortgages relating to fastnet forwarding limited. Currently there are 1 open charges and 1 have been satisfied in the past.
fastnet forwarding 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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fastnet forwarding limitedCompanies House Filings - See Documents
