freeways

freeways Company Information

Share FREEWAYS
Live 
MatureMidHealthy

Company Number

02209114

Industry

Residential care activities for learning disabilities, mental health and substance abuse

 

Shareholders

-

Group Structure

View All

Contact

Registered Address

leigh court centre pill road, abbots leigh, bristol, BS8 3RA

freeways Estimated Valuation

£8m

Pomanda estimates the enterprise value of FREEWAYS at £8m based on a Turnover of £9.3m and 0.86x industry multiple (adjusted for size and gross margin).

freeways Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of FREEWAYS at £2.3m based on an EBITDA of £423.6k and a 5.5x industry multiple (adjusted for size and gross margin).

freeways Estimated Valuation

£6.9m

Pomanda estimates the enterprise value of FREEWAYS at £6.9m based on Net Assets of £2.1m and 3.3x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Freeways Overview

Freeways is a live company located in bristol, BS8 3RA with a Companies House number of 02209114. It operates in the residential care activities for mental difficulties, mental health and substance abuse sector, SIC Code 87200. Founded in December 1987, it's largest shareholder is unknown. Freeways is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with healthy growth in recent years.

View Sample
View Sample
View Sample

Upgrade for unlimited company reports & a free credit check

Freeways Health Check

Pomanda's financial health check has awarded Freeways a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £9.3m, make it larger than the average company (£3.7m)

£9.3m - Freeways

£3.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (6.8%)

9% - Freeways

6.8% - Industry AVG

production

Production

with a gross margin of 33.5%, this company has a comparable cost of product (33.5%)

33.5% - Freeways

33.5% - Industry AVG

profitability

Profitability

an operating margin of 4.2% make it as profitable than the average company (5.2%)

4.2% - Freeways

5.2% - Industry AVG

employees

Employees

with 273 employees, this is above the industry average (87)

273 - Freeways

87 - Industry AVG

paystructure

Pay Structure

on an average salary of £25.9k, the company has an equivalent pay structure (£25.4k)

£25.9k - Freeways

£25.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £34.1k, this is less efficient (£40.4k)

£34.1k - Freeways

£40.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 27 days, this is later than average (20 days)

27 days - Freeways

20 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 14 days, this is slower than average (8 days)

14 days - Freeways

8 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Freeways

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 106 weeks, this is more cash available to meet short term requirements (57 weeks)

106 weeks - Freeways

57 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 29.1%, this is a lower level of debt than the average (35.1%)

29.1% - Freeways

35.1% - Industry AVG

FREEWAYS financials

EXPORTms excel logo

Freeways's latest turnover from March 2024 is £9.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Freeways has 273 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover9,317,0007,820,0007,377,0007,130,0006,091,0005,818,0005,491,0005,497,0005,772,0005,847,0005,841,0005,8775,666,0005,623,0005,749,000
Other Income Or Grants000000000000000
Cost Of Sales6,193,9895,182,0084,880,1864,637,6734,079,1723,809,6083,443,1863,352,5393,340,5143,409,1983,443,4793,4473,249,3713,187,0343,238,720
Gross Profit3,123,0112,637,9922,496,8142,492,3272,011,8282,008,3922,047,8142,144,4612,431,4862,437,8022,397,5212,4302,416,6292,435,9662,510,280
Admin Expenses2,729,4312,719,9191,938,5181,819,6682,133,0321,829,9961,798,4612,027,5112,082,9932,025,2711,992,7904,5072,095,8302,189,2622,416,616
Operating Profit393,580-81,927558,296672,659-121,204178,396249,353116,950348,493412,531404,731-2,077320,799246,70493,664
Interest Payable00000000000000139,000
Interest Receivable00000000000000109,000
Pre-Tax Profit361,000-7,000463,000546,000-120,000152,000207,00096,000283,000329,000313,000246240,000179,00068,000
Tax000000000000000
Profit After Tax361,000-7,000463,000546,000-120,000152,000207,00096,000283,000329,000313,000246240,000179,00068,000
Dividends Paid000000000000000
Retained Profit361,000-7,000463,000546,000-120,000152,000207,00096,000283,000329,000313,000246240,000179,00068,000
Employee Costs7,069,0006,192,0004,624,0004,537,0004,196,0003,825,0003,617,0003,591,0003,600,0003,771,0003,776,0003,7433,659,0003,576,0003,727,000
Number Of Employees273250232233230222223231235243239226218218226
EBITDA*423,580-60,927655,296680,659-117,204182,396266,353131,950364,493428,531420,731-2,077348,799262,704111,664

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets96,000100,00053,00039,00021,00014,00018,00000063,00078028,00031,000
Intangible Assets000000016,00031,00047,00000000
Investments & Other00482,000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets96,000100,000535,00039,00021,00014,00018,00016,00031,00047,00063,00078028,00031,000
Stock & work in progress000000000000000
Trade Debtors703,000637,000343,000279,000379,000368,000159,000162,000198,000311,000431,000338196,000268,000381,000
Group Debtors000000000000000
Misc Debtors383,000336,000251,000238,000112,000129,000167,000169,000259,000226,000196,000230218,000181,000230,000
Cash1,752,0001,591,0001,935,0001,614,0001,217,0001,191,0001,278,0001,203,0001,237,000866,000704,0001,170959,000451,000312,000
misc current assets000000000000000
total current assets2,838,0002,564,0002,529,0002,131,0001,708,0001,688,0001,604,0001,534,0001,694,0001,403,0001,331,0001,7381,373,000900,000923,000
total assets2,934,0002,664,0003,064,0002,170,0001,729,0001,702,0001,622,0001,550,0001,725,0001,450,0001,394,0001,8161,373,000928,000954,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 241,000156,000131,00079,000105,00087,00057,00053,000254,000136,000242,000241221,000135,000165,000
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities612,000598,000430,000408,000328,000249,000242,000269,000224,000242,000292,000864550,000295,000340,000
total current liabilities853,000754,000561,000487,000433,000336,000299,000322,000478,000378,000534,0001,105771,000430,000505,000
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities000220,000771,000721,000792,000975,000422,000653,000296,000270552,000335,000284,000
total liabilities853,000754,000561,000707,0001,204,0001,057,0001,091,0001,297,000900,0001,031,000830,0001,3751,323,000765,000789,000
net assets2,081,0001,910,0002,503,0001,463,000525,000645,000531,000253,000825,000419,000564,00044150,000163,000165,000
total shareholders funds2,081,0001,910,0002,503,0001,463,000525,000645,000531,000253,000825,000419,000564,00044150,000163,000165,000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit393,580-81,927558,296672,659-121,204178,396249,353116,950348,493412,531404,731-2,077320,799246,70493,664
Depreciation30,00021,00097,0008,0004,0004,0001,00000016,000028,00016,00018,000
Amortisation00000016,00015,00016,00016,00000000
Tax000000000000000
Stock000000000000000
Debtors113,000379,00077,00026,000-6,000171,000-5,000-126,000-80,000-90,000626,432-413,432-35,000-162,000611,000
Creditors85,00025,00052,000-26,00018,00030,0004,000-201,000118,000-106,000241,759-220,75986,000-30,000165,000
Accruals and Deferred Income14,000168,00022,00080,00079,0007,000-27,00045,000-18,000-50,000291,136-549,136255,000-45,000340,000
Deferred Taxes & Provisions000000000000000
Cash flow from operations409,580-246,927652,296708,659-14,20448,396248,353101,950544,493362,531327,194-358,540724,799349,7045,664
Investing Activities
capital expenditure000000-19,000000000-13,000-9,000
Change in Investments0-482,000482,000000000000000
cash flow from investments0482,000-482,000000-19,000000000-13,000-9,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-190,000-586,000577,000392,0000-38,00071,000-668,000123,000-474,000250,559-49,805-353,000-181,00097,000
interest00000000000000-30,000
cash flow from financing-190,000-586,000577,000392,0000-38,00071,000-668,000123,000-474,000250,559-49,805-353,000-181,00067,000
cash and cash equivalents
cash161,000-344,000321,000397,00026,000-87,00075,000-34,000371,000162,000702,830-957,830508,000139,000312,000
overdraft000000000000000
change in cash161,000-344,000321,000397,00026,000-87,00075,000-34,000371,000162,000702,830-957,830508,000139,000312,000

freeways 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 freeways. Get real-time insights into freeways's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

Freeways Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for freeways by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other mid companies, companies in BS8 area or any other competitors across 12 key performance metrics.

freeways Ownership

FREEWAYS group structure

Freeways has 1 subsidiary company.

Ultimate parent company

FREEWAYS

02209114

1 subsidiary

FREEWAYS Shareholders

--

freeways directors

Freeways currently has 6 directors. The longest serving directors include Mr Franklin Morton (Mar 2007) and Mr Christopher Britton (May 2015).

officercountryagestartendrole
Mr Franklin Morton60 years Mar 2007- Director
Mr Christopher Britton64 years May 2015- Director
Mrs Dawn Pincott58 years Jan 2020- Director
Mrs Melanie Barnett56 years Jun 2021- Director
Mr Bruce SawyerUnited Kingdom66 years Sep 2021- Director
Mr Christopher Browne69 years Mar 2023- Director

P&L

March 2024

turnover

9.3m

+19%

operating profit

393.6k

0%

gross margin

33.6%

-0.64%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2024

net assets

2.1m

+0.09%

total assets

2.9m

+0.1%

cash

1.8m

+0.1%

net assets

Total assets minus all liabilities

freeways company details

company number

02209114

Type

Private Ltd By Guarantee w/o Share Cap

industry

87200 - Residential care activities for learning disabilities, mental health and substance abuse

incorporation date

December 1987

age

37

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

March 2024

previous names

freeways trust limited (April 2004)

accountant

-

auditor

BISHOP FLEMING LLP

address

leigh court centre pill road, abbots leigh, bristol, BS8 3RA

Bank

BARCLAYS BANK PLC

Legal Advisor

BURGES SALMON LLP

freeways 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 freeways.

freeways 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 FREEWAYS. This can take several minutes, an email will notify you when this has completed.

freeways Companies House Filings - See Documents

datedescriptionview/download