Pomanda estimates the enterprise value of FAIRFAX SADDLES LIMITED at £3.9m based on a Turnover of £10m and 0.39x industry multiple (adjusted for size and gross margin).
fairfax saddles limitedEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of FAIRFAX SADDLES LIMITED at £1.8m based on an EBITDA of £301.5k and a 5.96x industry multiple (adjusted for size and gross margin).
fairfax saddles limitedEstimated Valuation
£7.9m
Pomanda estimates the enterprise value of FAIRFAX SADDLES LIMITED at £7.9m based on Net Assets of £3.4m and 2.33x industry multiple (adjusted for liquidity).
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Fairfax Saddles LimitedOverview
Fairfax Saddles Limited is a live company located in aldridge, walsall, WS9 8LZ with a Companies House number of 01938473. It operates in the manufacture of luggage, handbags and the like, saddlery and harness sector, SIC Code 15120. Founded in August 1985, it's largest shareholder is
xeos99 limited
with a 100% stake. Fairfax Saddles Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£10m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Fairfax Saddles Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
6 Strong
2 Regular
4 Weak
Size
annual sales of £10m, make it larger than the average company (£5m)
£10m - Fairfax Saddles Limited
£5m - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (-1.2%)
9% - Fairfax Saddles Limited
-1.2% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
33.4% - Fairfax Saddles Limited
33.4% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (3%)
1.7% - Fairfax Saddles Limited
3% - Industry AVG
Employees
with 103 employees, this is above the industry average (80)
103 - Fairfax Saddles Limited
80 - Industry AVG
Pay Structure
on an average salary of £31.3k, the company has an equivalent pay structure (£31.3k)
£31.3k - Fairfax Saddles Limited
£31.3k - Industry AVG
Efficiency
resulting in sales per employee of £97.5k, this is less efficient (£120.1k)
£97.5k - Fairfax Saddles Limited
£120.1k - Industry AVG
Debtor Days
it gets paid by customers after 33 days, this is later than average (22 days)
33 days - Fairfax Saddles Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (44 days)
26 days - Fairfax Saddles Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 95 days, this is less than average (122 days)
95 days - Fairfax Saddles Limited
122 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 71 weeks, this is more cash available to meet short term requirements (29 weeks)
71 weeks - Fairfax Saddles Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21%, this is a lower level of debt than the average (69.9%)
21% - Fairfax Saddles Limited
69.9% - Industry AVG
FAIRFAX SADDLES LIMITED financials
EXPORT
Fairfax Saddles Limited's latest turnover from September 2023 is estimated at £10 million and the company has net assets of £3.4 million. According to their latest financial statements, Fairfax Saddles Limited has 103 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
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
10,037,790
11,174,542
9,654,526
7,698,525
7,163,144
6,626,201
8,308,678
9,332,935
7,049,986
7,261,245
5,195,544
4,755,120
5,166,625
5,062,805
Other Income Or Grants
Cost Of Sales
6,685,197
7,069,977
4,560,196
4,443,134
3,976,631
3,997,106
5,085,345
5,465,794
3,701,858
4,199,786
3,282,447
2,980,268
3,290,184
3,322,936
Gross Profit
3,352,593
4,104,565
5,094,329
3,255,391
3,186,513
2,629,095
3,223,333
3,867,141
3,348,128
3,061,459
1,913,097
1,774,852
1,876,441
1,739,869
Admin Expenses
3,181,017
3,858,503
4,358,657
2,699,081
2,843,927
2,168,245
2,939,840
3,461,271
3,000,483
2,872,461
1,643,756
1,568,685
1,708,147
1,633,644
217,774
Operating Profit
171,576
246,062
735,672
556,310
342,586
460,850
283,493
405,870
347,645
188,998
269,341
206,167
168,294
106,225
-217,774
Interest Payable
11,517
24,915
31,343
34,581
26,237
13,494
9,367
5,225
965
4,412
3,447
Interest Receivable
45,004
11,999
506
408
1,287
384
209
225
256
293
338
212
188
156
80
Pre-Tax Profit
216,580
258,060
724,660
531,802
312,530
426,653
257,465
392,601
338,534
184,066
269,679
206,379
167,518
101,968
-221,141
Tax
-54,145
-49,031
-137,685
-101,042
-59,381
-81,064
-48,918
-78,520
-67,707
-38,654
-62,026
-49,531
-43,555
-28,551
Profit After Tax
162,435
209,029
586,975
430,760
253,149
345,589
208,547
314,081
270,827
145,412
207,653
156,848
123,963
73,417
-221,141
Dividends Paid
Retained Profit
162,435
209,029
586,975
430,760
253,149
345,589
208,547
314,081
270,827
145,412
207,653
156,848
123,963
73,417
-221,141
Employee Costs
3,221,173
3,004,703
2,381,772
2,292,802
2,567,181
2,483,955
2,763,788
2,725,064
1,606,321
1,310,211
1,030,705
689,468
879,886
1,132,314
Number Of Employees
103
116
114
96
94
100
116
115
67
54
36
23
31
44
EBITDA*
301,515
394,337
934,436
757,765
541,888
662,447
470,911
561,439
465,191
282,395
326,981
255,711
217,348
159,252
-168,334
* Earnings Before Interest, Tax, Depreciation and Amortisation
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
285,321
352,928
1,096,370
1,071,184
1,140,208
1,297,947
1,339,518
948,226
923,833
846,224
494,342
383,555
377,902
365,881
382,839
Intangible Assets
Investments & Other
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
Debtors (Due After 1 year)
300,000
300,000
300,000
300,000
300,000
300,000
Total Fixed Assets
285,321
352,928
1,096,370
1,071,184
1,140,208
1,297,947
1,339,518
949,226
1,224,833
1,147,224
795,342
684,555
678,902
666,881
383,839
Stock & work in progress
1,756,192
1,817,903
1,192,685
1,029,389
894,010
1,074,096
1,090,429
913,221
696,188
497,293
479,991
538,348
499,848
361,573
461,391
Trade Debtors
914,873
1,247,374
1,165,061
921,598
918,104
956,981
926,793
1,061,843
1,204,382
931,896
901,569
835,970
865,115
651,449
931,209
Group Debtors
Misc Debtors
171,124
155,878
173,417
103,460
119,172
129,775
137,590
130,253
Cash
1,153,437
560,986
505,579
506,551
308,907
34,329
68,049
99,303
80,885
21,375
95,662
39,658
45,090
30,153
32,190
misc current assets
total current assets
3,995,626
3,782,141
3,036,742
2,560,998
2,240,193
2,195,181
2,222,861
2,204,620
1,981,455
1,450,564
1,477,222
1,413,976
1,410,053
1,043,175
1,424,790
total assets
4,280,947
4,135,069
4,133,112
3,632,182
3,380,401
3,493,128
3,562,379
3,153,846
3,206,288
2,597,788
2,272,564
2,098,531
2,088,955
1,710,056
1,808,629
Bank overdraft
46,414
53,716
51,243
50,431
83,641
Bank loan
Trade Creditors
493,461
476,832
626,549
444,856
515,245
462,616
559,427
548,019
1,407,890
1,023,853
1,064,584
1,164,591
1,289,989
1,020,010
1,165,990
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
343,560
371,746
425,101
316,221
348,929
502,336
787,072
416,034
total current liabilities
837,021
848,578
1,051,650
807,491
917,890
1,016,195
1,396,930
1,047,694
1,407,890
1,023,853
1,064,584
1,164,591
1,289,989
1,020,010
1,165,990
loans
331,204
385,553
438,171
484,783
220,733
127,440
160,770
29,693
106,072
hp & lease commitments
Accruals and Deferred Income
other liabilities
11,231
55,395
44,888
6,188
131,476
166,510
116,737
73,350
100,224
96,095
50,205
provisions
63,000
68,000
72,000
71,000
74,000
94,000
92,000
84,000
75,000
53,000
43,000
20,000
15,000
4,479
total long term liabilities
63,000
68,000
72,000
402,204
470,784
587,566
621,671
310,921
333,916
380,280
159,737
93,350
115,224
130,267
156,277
total liabilities
900,021
916,578
1,123,650
1,209,695
1,388,674
1,603,761
2,018,601
1,358,615
1,741,806
1,404,133
1,224,321
1,257,941
1,405,213
1,150,277
1,322,267
net assets
3,380,926
3,218,491
3,009,462
2,422,487
1,991,727
1,889,367
1,543,778
1,795,231
1,464,482
1,193,655
1,048,243
840,590
683,742
559,779
486,362
total shareholders funds
3,380,926
3,218,491
3,009,462
2,422,487
1,991,727
1,889,367
1,543,778
1,795,231
1,464,482
1,193,655
1,048,243
840,590
683,742
559,779
486,362
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
171,576
246,062
735,672
556,310
342,586
460,850
283,493
405,870
347,645
188,998
269,341
206,167
168,294
106,225
-217,774
Depreciation
129,939
148,275
198,764
201,455
199,302
201,597
187,418
155,569
117,546
93,397
57,640
49,544
49,054
53,027
49,440
Amortisation
Tax
-54,145
-49,031
-137,685
-101,042
-59,381
-81,064
-48,918
-78,520
-67,707
-38,654
-62,026
-49,531
-43,555
-28,551
Stock
-61,711
625,218
163,296
135,379
-180,086
-16,333
177,208
217,033
198,895
17,302
-58,357
38,500
138,275
-99,818
461,391
Debtors
-317,255
64,774
313,420
-12,218
-49,480
22,373
-127,713
-312,286
272,486
30,327
65,599
-29,145
213,666
20,240
931,209
Creditors
16,629
-149,717
181,693
-70,389
52,629
-96,811
11,408
-859,871
384,037
-40,731
-100,007
-125,398
269,979
-145,980
1,165,990
Accruals and Deferred Income
-28,186
-53,355
108,880
-32,708
-153,407
-284,736
371,038
416,034
Deferred Taxes & Provisions
-5,000
-4,000
1,000
-3,000
-20,000
2,000
8,000
9,000
22,000
10,000
23,000
5,000
10,521
4,479
Cash flow from operations
609,779
-551,758
611,608
427,465
591,295
195,796
762,944
143,335
332,140
165,381
180,706
76,427
102,352
68,778
-394,944
Investing Activities
capital expenditure
-62,332
595,167
-223,950
-132,431
-41,563
-160,026
-578,710
-179,962
-195,155
-445,279
-168,427
-55,197
-61,075
-36,069
-432,279
Change in Investments
-1,000
1,000
cash flow from investments
-62,332
595,167
-223,950
-132,431
-41,563
-160,026
-577,710
-179,962
-195,155
-445,279
-168,427
-55,197
-61,075
-36,069
-433,279
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-331,204
-54,349
-52,618
-46,612
264,050
93,293
-33,330
160,770
-29,693
-76,379
106,072
Hire Purchase and Lease Commitments
other long term liabilities
-11,231
-44,164
10,507
38,700
-125,288
-35,034
49,773
43,387
-26,874
4,129
45,890
50,205
share issue
-150,789
-460,000
16,668
707,503
interest
45,004
11,999
-11,011
-24,507
-30,056
-34,197
-26,028
-13,269
-9,111
-4,932
338
212
-777
-4,256
-3,367
cash flow from financing
45,004
11,999
-342,215
-90,087
-277,627
-70,302
-183,278
-28,596
-77,475
205,611
43,725
-26,662
-26,341
-34,745
860,413
cash and cash equivalents
cash
592,451
55,407
-972
197,644
274,578
-33,720
-31,254
18,418
59,510
-74,287
56,004
-5,432
14,937
-2,037
32,190
overdraft
-46,414
-7,302
2,473
812
-33,210
83,641
change in cash
592,451
55,407
45,442
204,946
272,105
-34,532
1,956
-65,223
59,510
-74,287
56,004
-5,432
14,937
-2,037
32,190
fairfax saddles 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 fairfax saddles limited. Get real-time insights into fairfax saddles limited's credit score, group structure and payment trends.
Perform a competitor analysis for fairfax saddles limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WS9 area or any other competitors across 12 key performance metrics.
The sole shareholder of Fairfax Saddles Limited is Xeos99 Limited.
xeos99 limited
100%
fairfax saddles limited directors
Fairfax Saddles Limited currently has 4 directors.
The longest serving directors include
The Hon Rupert Fairfax (Dec 1991) and
Mrs Vanessa Fairfax (Apr 2000).
c/o edwards chartered, accountants, 34 high street, aldridge, walsall, west midlands, WS9 8LZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
fairfax saddles 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 9 charges/mortgages relating to fairfax saddles limited. Currently there are 0 open charges and 9 have been satisfied in the past.
fairfax saddles 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 FAIRFAX SADDLES LIMITED. This can take several minutes, an email will notify you when this has completed.
fairfax saddles limitedCompanies House Filings - See Documents
