fastnet highlands limited
fastnet highlands limited Company Information
Company Number
01997295
Next Accounts
Dec 2025
Shareholders
fastnet holdings ltd
Group Structure
View All
Industry
Marine fishing
Registered Address
livingston road, hessle, hull, east yorkshire, HU13 0EE
Website
www.fastnetfish.comfastnet highlands limited Estimated Valuation
Pomanda estimates the enterprise value of FASTNET HIGHLANDS LIMITED at £1.1m based on a Turnover of £1.8m and 0.61x industry multiple (adjusted for size and gross margin).
fastnet highlands limited Estimated Valuation
Pomanda estimates the enterprise value of FASTNET HIGHLANDS LIMITED at £43.4k based on an EBITDA of £10.5k and a 4.12x industry multiple (adjusted for size and gross margin).
fastnet highlands limited Estimated Valuation
Pomanda estimates the enterprise value of FASTNET HIGHLANDS LIMITED at £7.2m based on Net Assets of £3.3m and 2.19x industry multiple (adjusted for liquidity).
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Fastnet Highlands Limited Overview
Fastnet Highlands Limited is a live company located in hull, HU13 0EE with a Companies House number of 01997295. It operates in the marine fishing sector, SIC Code 03110. Founded in March 1986, it's largest shareholder is fastnet holdings ltd with a 100% stake. Fastnet Highlands Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Fastnet Highlands Limited Health Check
Pomanda's financial health check has awarded Fastnet Highlands Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£9.1m)
- Fastnet Highlands Limited
£9.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (7.7%)
- Fastnet Highlands Limited
7.7% - Industry AVG
Production
with a gross margin of 29.7%, this company has a comparable cost of product (29.7%)
- Fastnet Highlands Limited
29.7% - Industry AVG
Profitability
an operating margin of -1.1% make it less profitable than the average company (11.8%)
- Fastnet Highlands Limited
11.8% - Industry AVG
Employees
with 8 employees, this is below the industry average (13)
- Fastnet Highlands Limited
13 - Industry AVG
Pay Structure
on an average salary of £43.5k, the company has an equivalent pay structure (£43.5k)
- Fastnet Highlands Limited
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £224.1k, this is equally as efficient (£251.5k)
- Fastnet Highlands Limited
£251.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (36 days)
- Fastnet Highlands Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (28 days)
- Fastnet Highlands Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 159 days, this is more than average (21 days)
- Fastnet Highlands Limited
21 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fastnet Highlands Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.8%, this is a lower level of debt than the average (44.3%)
20.8% - Fastnet Highlands Limited
44.3% - Industry AVG
FASTNET HIGHLANDS LIMITED financials
Fastnet Highlands Limited's latest turnover from March 2024 is estimated at £1.8 million and the company has net assets of £3.3 million. According to their latest financial statements, we estimate that Fastnet Highlands Limited has 8 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,546,000 | 7,202,000 | 6,518,000 | 6,508,000 | 8,112,000 | 7,876,000 | 8,471,000 | 7,760,000 | 7,153,000 | 8,521,000 | 8,555,000 | 11,448,000 | |||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 3,705,000 | 6,126,000 | 5,303,000 | 5,179,000 | 6,476,000 | 6,897,000 | 7,403,000 | 6,516,000 | 6,288,000 | 7,305,000 | 7,277,000 | 10,092,000 | |||
| Gross Profit | 841,000 | 1,076,000 | 1,215,000 | 1,329,000 | 1,636,000 | 979,000 | 1,068,000 | 1,244,000 | 865,000 | 1,216,000 | 1,278,000 | 1,356,000 | |||
| Admin Expenses | 640,000 | 863,000 | 857,000 | 927,000 | 1,062,000 | 794,000 | 823,000 | 887,000 | 692,000 | 914,000 | 1,053,000 | 1,121,000 | |||
| Operating Profit | 201,000 | 213,000 | 358,000 | 402,000 | 574,000 | 185,000 | 245,000 | 357,000 | 173,000 | 302,000 | 225,000 | 235,000 | |||
| Interest Payable | 7,000 | 18,000 | 16,000 | 21,000 | 24,000 | 27,000 | 31,000 | 26,000 | 28,000 | 39,000 | 48,000 | 47,000 | |||
| Interest Receivable | 1,000 | 1,000 | |||||||||||||
| Pre-Tax Profit | 147,000 | 152,000 | 277,000 | 385,000 | 551,000 | 158,000 | 214,000 | 331,000 | 145,000 | 263,000 | 177,000 | 188,000 | |||
| Tax | -26,000 | -33,000 | -59,000 | -76,000 | -111,000 | -34,000 | -72,000 | -77,000 | -38,000 | -73,000 | -54,000 | -59,000 | |||
| Profit After Tax | 121,000 | 119,000 | 218,000 | 309,000 | 440,000 | 124,000 | 142,000 | 254,000 | 107,000 | 190,000 | 123,000 | 129,000 | |||
| Dividends Paid | |||||||||||||||
| Retained Profit | 121,000 | 119,000 | 218,000 | 309,000 | 440,000 | 124,000 | 142,000 | 254,000 | 107,000 | 190,000 | 123,000 | 129,000 | |||
| Employee Costs | 943,000 | 1,317,000 | 1,162,000 | 1,165,000 | 1,390,000 | 1,176,000 | 1,218,000 | 1,183,000 | 1,093,000 | 1,151,000 | 1,227,000 | 1,489,000 | |||
| Number Of Employees | 39 | 46 | 45 | 48 | 50 | 47 | 53 | 47 | 49 | 52 | 56 | 68 | |||
| EBITDA* | 238,000 | 320,000 | 454,000 | 502,000 | 680,000 | 297,000 | 344,000 | 428,000 | 233,000 | 383,000 | 351,000 | 382,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 597,000 | 577,000 | 566,000 | 578,000 | 612,000 | 685,000 | 777,000 | 877,000 | 969,000 | 1,080,000 | 1,096,000 | 764,000 | 712,000 | 820,000 | 833,000 |
| Intangible Assets | 3,000 | 6,000 | 16,000 | ||||||||||||
| Investments & Other | 19,000 | 38,000 | 103,000 | 136,000 | 204,000 | 185,000 | |||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 597,000 | 577,000 | 585,000 | 619,000 | 721,000 | 837,000 | 981,000 | 1,062,000 | 969,000 | 1,080,000 | 1,096,000 | 764,000 | 712,000 | 820,000 | 833,000 |
| Stock & work in progress | 551,000 | 409,000 | 356,000 | 570,000 | 1,026,000 | 872,000 | 435,000 | 220,000 | 234,000 | 213,000 | 164,000 | 233,000 | 295,000 | 145,000 | 442,000 |
| Trade Debtors | 1,000 | 3,000 | 4,000 | 1,000 | 1,000 | 1,000 | 6,000 | 1,000 | 4,000 | 3,000 | 10,000 | ||||
| Group Debtors | 2,881,000 | 3,576,000 | 3,289,000 | 2,291,000 | 1,745,000 | 2,173,000 | 2,065,000 | 2,409,000 | 1,523,000 | 1,372,000 | 1,306,000 | 1,111,000 | 1,811,000 | 1,574,000 | 2,093,000 |
| Misc Debtors | 124,000 | 61,000 | 88,000 | 116,000 | 99,000 | 62,000 | 46,000 | 81,000 | 83,000 | 80,000 | 48,000 | 101,000 | 85,000 | 101,000 | 113,000 |
| Cash | |||||||||||||||
| misc current assets | |||||||||||||||
| total current assets | 3,557,000 | 4,049,000 | 3,737,000 | 2,977,000 | 2,871,000 | 3,108,000 | 2,547,000 | 2,716,000 | 1,841,000 | 1,665,000 | 1,522,000 | 1,448,000 | 2,191,000 | 1,820,000 | 2,658,000 |
| total assets | 4,154,000 | 4,626,000 | 4,322,000 | 3,596,000 | 3,592,000 | 3,945,000 | 3,528,000 | 3,778,000 | 2,810,000 | 2,745,000 | 2,618,000 | 2,212,000 | 2,903,000 | 2,640,000 | 3,491,000 |
| Bank overdraft | 539,000 | 555,000 | 250,000 | 297,000 | 369,000 | 598,000 | 161,000 | 362,000 | 324,000 | 247,000 | 170,000 | 694,000 | 1,198,000 | 1,047,000 | 1,501,000 |
| Bank loan | |||||||||||||||
| Trade Creditors | 203,000 | 155,000 | 186,000 | 177,000 | 93,000 | 151,000 | 161,000 | 167,000 | 91,000 | 100,000 | 121,000 | 118,000 | 205,000 | 206,000 | 321,000 |
| Group/Directors Accounts | 130,000 | 217,000 | 107,000 | 192,000 | 306,000 | 476,000 | 654,000 | 459,000 | 519,000 | 618,000 | 58,000 | 138,000 | 172,000 | 591,000 | |
| other short term finances | |||||||||||||||
| hp & lease commitments | 24,000 | 30,000 | 33,000 | 7,000 | 3,000 | 16,000 | 34,000 | 10,000 | |||||||
| other current liabilities | 122,000 | 393,000 | 484,000 | 203,000 | 247,000 | 318,000 | 376,000 | 516,000 | 256,000 | 282,000 | 351,000 | 254,000 | 366,000 | 356,000 | 345,000 |
| total current liabilities | 864,000 | 1,233,000 | 1,137,000 | 784,000 | 901,000 | 1,373,000 | 1,174,000 | 1,723,000 | 1,160,000 | 1,181,000 | 1,267,000 | 1,127,000 | 1,923,000 | 1,815,000 | 2,768,000 |
| loans | |||||||||||||||
| hp & lease commitments | 24,000 | 54,000 | 11,000 | 2,000 | 37,000 | 3,000 | |||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 19,000 | ||||||||||||||
| provisions | 10,000 | 21,000 | 29,000 | 1,000 | |||||||||||
| total long term liabilities | 19,000 | 10,000 | 45,000 | 83,000 | 12,000 | 2,000 | 37,000 | 3,000 | |||||||
| total liabilities | 864,000 | 1,252,000 | 1,137,000 | 784,000 | 901,000 | 1,373,000 | 1,174,000 | 1,733,000 | 1,205,000 | 1,264,000 | 1,279,000 | 1,127,000 | 1,925,000 | 1,852,000 | 2,771,000 |
| net assets | 3,290,000 | 3,374,000 | 3,185,000 | 2,812,000 | 2,691,000 | 2,572,000 | 2,354,000 | 2,045,000 | 1,605,000 | 1,481,000 | 1,339,000 | 1,085,000 | 978,000 | 788,000 | 720,000 |
| total shareholders funds | 3,290,000 | 3,374,000 | 3,185,000 | 2,812,000 | 2,691,000 | 2,572,000 | 2,354,000 | 2,045,000 | 1,605,000 | 1,481,000 | 1,339,000 | 1,085,000 | 978,000 | 788,000 | 720,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 201,000 | 213,000 | 358,000 | 402,000 | 574,000 | 185,000 | 245,000 | 357,000 | 173,000 | 302,000 | 225,000 | 235,000 | |||
| Depreciation | 31,000 | 20,000 | 16,000 | 34,000 | 97,000 | 96,000 | 100,000 | 106,000 | 112,000 | 99,000 | 71,000 | 60,000 | 81,000 | 126,000 | 147,000 |
| Amortisation | 3,000 | 10,000 | |||||||||||||
| Tax | -26,000 | -33,000 | -59,000 | -76,000 | -111,000 | -34,000 | -72,000 | -77,000 | -38,000 | -73,000 | -54,000 | -59,000 | |||
| Stock | 142,000 | 53,000 | -214,000 | -456,000 | 154,000 | 437,000 | 215,000 | -14,000 | 21,000 | 49,000 | -69,000 | -62,000 | 150,000 | -297,000 | 442,000 |
| Debtors | -634,000 | 259,000 | 974,000 | 562,000 | -391,000 | 124,000 | -384,000 | 889,000 | 155,000 | 94,000 | 143,000 | -681,000 | 221,000 | -541,000 | 2,216,000 |
| Creditors | 48,000 | -31,000 | 9,000 | 84,000 | -58,000 | -10,000 | -6,000 | 76,000 | -9,000 | -21,000 | 3,000 | -87,000 | -1,000 | -115,000 | 321,000 |
| Accruals and Deferred Income | -271,000 | -91,000 | 281,000 | -44,000 | -71,000 | -58,000 | -140,000 | 260,000 | -26,000 | -69,000 | 97,000 | -112,000 | 10,000 | 11,000 | 345,000 |
| Deferred Taxes & Provisions | -10,000 | -11,000 | -8,000 | 28,000 | 1,000 | ||||||||||
| Cash flow from operations | 146,000 | 395,000 | -234,000 | 439,000 | 19,000 | 44,000 | 67,000 | 378,000 | 739,000 | -52,000 | 1,031,000 | -1,669,000 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -19,000 | -19,000 | -65,000 | -33,000 | -68,000 | 19,000 | 185,000 | ||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -130,000 | -87,000 | 110,000 | -85,000 | -114,000 | -170,000 | -178,000 | 195,000 | -60,000 | -99,000 | 560,000 | -80,000 | -34,000 | -419,000 | 591,000 |
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -24,000 | -30,000 | -33,000 | 69,000 | 15,000 | -15,000 | -53,000 | 58,000 | 13,000 | ||||||
| other long term liabilities | -19,000 | 19,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | -7,000 | -18,000 | -16,000 | -20,000 | -23,000 | -27,000 | -31,000 | -26,000 | -28,000 | -39,000 | -48,000 | -47,000 | |||
| cash flow from financing | -92,000 | -132,000 | -186,000 | -222,000 | 142,000 | -120,000 | -61,000 | 549,000 | -123,000 | -126,000 | -464,000 | 1,148,000 | |||
| cash and cash equivalents | |||||||||||||||
| cash | |||||||||||||||
| overdraft | -16,000 | 305,000 | -47,000 | -72,000 | -229,000 | 437,000 | -201,000 | 38,000 | 77,000 | 77,000 | -524,000 | -504,000 | 151,000 | -454,000 | 1,501,000 |
| change in cash | 16,000 | -305,000 | 47,000 | 72,000 | 229,000 | -437,000 | 201,000 | -38,000 | -77,000 | -77,000 | 524,000 | 504,000 | -151,000 | 454,000 | -1,501,000 |
fastnet highlands limited Credit Report and Business Information
Fastnet Highlands Limited Competitor Analysis
Perform a competitor analysis for fastnet highlands limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in HU13 area or any other competitors across 12 key performance metrics.
fastnet highlands limited Ownership
FASTNET HIGHLANDS LIMITED group structure
Fastnet Highlands Limited has no subsidiary companies.
Ultimate parent company
2 parents
FASTNET HIGHLANDS LIMITED
01997295
fastnet highlands limited directors
Fastnet Highlands Limited currently has 6 directors. The longest serving directors include Mr Andrew Innes (Apr 2008) and Mr Christian Marr (Jan 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Innes | 57 years | Apr 2008 | - | Director | |
| Mr Christian Marr | 52 years | Jan 2010 | - | Director | |
| Mr Paul Farrar | 50 years | Aug 2020 | - | Director | |
| Mr Scott Manterfield | 36 years | Oct 2022 | - | Director | |
| Mr Alexander Marr | 54 years | Apr 2023 | - | Director | |
| Mr Daniel Burton | England | 64 years | Oct 2024 | - | Director |
P&L
March 2024turnover
1.8m
+35%
operating profit
-20.5k
0%
gross margin
29.8%
+7.64%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
3.3m
-0.02%
total assets
4.2m
-0.1%
cash
0
0%
net assets
Total assets minus all liabilities
fastnet highlands limited company details
company number
01997295
Type
Private limited with Share Capital
industry
03110 - Marine fishing
incorporation date
March 1986
age
39
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2024
previous names
fastnet fish (highlands) limited (May 1991)
milevast limited (October 1986)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
livingston road, hessle, hull, east yorkshire, HU13 0EE
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
fastnet highlands 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 highlands limited. Currently there are 1 open charges and 1 have been satisfied in the past.
fastnet highlands 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 FASTNET HIGHLANDS LIMITED. This can take several minutes, an email will notify you when this has completed.
fastnet highlands limited Companies House Filings - See Documents
| date | description | view/download |
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