foundation technology limited
foundation technology limited Company Information
Group Structure
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Industry
Manufacture of loaded electronic boards
Registered Address
30 finsbury square, london, EC2A 1AG
Website
http://abaco.comfoundation technology limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDATION TECHNOLOGY LIMITED at £5.9m based on a Turnover of £7m and 0.84x industry multiple (adjusted for size and gross margin).
foundation technology limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDATION TECHNOLOGY LIMITED at £8.4m based on an EBITDA of £1.9m and a 4.5x industry multiple (adjusted for size and gross margin).
foundation technology limited Estimated Valuation
Pomanda estimates the enterprise value of FOUNDATION TECHNOLOGY LIMITED at £2.9m based on Net Assets of £1.5m and 2x industry multiple (adjusted for liquidity).
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Foundation Technology Limited Overview
Foundation Technology Limited is a dissolved company that was located in london, EC2A 1AG with a Companies House number of 02451086. It operated in the manufacture of loaded electronic boards sector, SIC Code 26120. Founded in December 1989, it's largest shareholder was abaco systems limited with a 100% stake. The last turnover for Foundation Technology Limited was estimated at £7m.
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Foundation Technology Limited Health Check
Pomanda's financial health check has awarded Foundation Technology Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
4 Weak
Size
annual sales of £7m, make it smaller than the average company (£12.2m)
£7m - Foundation Technology Limited
£12.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -33%, show it is growing at a slower rate (8.5%)
-33% - Foundation Technology Limited
8.5% - Industry AVG
Production
with a gross margin of 17%, this company has a higher cost of product (28.1%)
17% - Foundation Technology Limited
28.1% - Industry AVG
Profitability
an operating margin of 25.5% make it more profitable than the average company (5.5%)
25.5% - Foundation Technology Limited
5.5% - Industry AVG
Employees
with 56 employees, this is below the industry average (92)
- Foundation Technology Limited
92 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Foundation Technology Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £125.2k, this is equally as efficient (£127k)
- Foundation Technology Limited
£127k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Foundation Technology Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Foundation Technology Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Foundation Technology Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Foundation Technology Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.9%, this is a lower level of debt than the average (49.1%)
17.9% - Foundation Technology Limited
49.1% - Industry AVG
FOUNDATION TECHNOLOGY LIMITED financials
Foundation Technology Limited's latest turnover from December 2020 is £7 million and the company has net assets of £1.5 million. According to their latest financial statements, we estimate that Foundation Technology Limited has 56 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 7,013,000 | 30,147,000 | 17,627,000 | 23,028,000 | 27,432,000 | 21,830,000 | 26,502,000 | 16,609,000 | 13,659,000 | 17,112,000 | 16,730,000 | 12,516,000 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 5,824,000 | 26,198,000 | 15,835,000 | 20,703,000 | 22,864,000 | 17,620,000 | 22,023,000 | 13,145,000 | 11,332,000 | 13,278,000 | 12,486,000 | 7,833,000 |
| Gross Profit | 1,189,000 | 3,949,000 | 1,792,000 | 2,325,000 | 4,568,000 | 4,210,000 | 4,479,000 | 3,464,000 | 2,327,000 | 3,834,000 | 4,244,000 | 4,683,000 |
| Admin Expenses | 1,873,000 | 987,000 | 1,750,000 | 1,657,000 | 1,727,000 | 1,991,000 | 2,187,000 | 2,727,000 | ||||
| Operating Profit | 2,695,000 | 3,223,000 | 2,729,000 | 1,807,000 | 600,000 | 1,843,000 | 2,057,000 | 1,956,000 | ||||
| Interest Payable | 13,000 | 8,000 | 1,000 | 2,000 | ||||||||
| Interest Receivable | 7,000 | 4,000 | 35,000 | 22,000 | 8,000 | 50,000 | ||||||
| Pre-Tax Profit | 1,810,000 | 2,493,000 | -1,278,000 | 663,000 | 2,695,000 | 3,230,000 | 2,716,000 | 1,803,000 | 635,000 | 1,865,000 | 2,064,000 | 2,004,000 |
| Tax | -361,000 | -464,000 | 206,000 | -158,000 | -618,000 | 35,000 | -313,000 | 650,000 | 175,000 | -563,000 | -562,000 | |
| Profit After Tax | 1,449,000 | 2,029,000 | -1,072,000 | 505,000 | 2,077,000 | 3,265,000 | 2,716,000 | 1,490,000 | 1,285,000 | 2,040,000 | 1,501,000 | 1,442,000 |
| Dividends Paid | 13,602,000 | |||||||||||
| Retained Profit | -12,153,000 | 2,029,000 | -1,072,000 | 505,000 | 2,077,000 | 3,265,000 | 2,716,000 | 1,490,000 | 1,285,000 | 2,040,000 | 1,501,000 | 1,442,000 |
| Employee Costs | 636,000 | 1,941,000 | 3,381,000 | 2,985,000 | 3,153,000 | 3,302,000 | 3,227,000 | 3,313,000 | 3,392,000 | 2,830,000 | 2,811,000 | |
| Number Of Employees | 15 | 28 | 81 | 78 | 81 | 83 | 81 | 89 | 88 | 81 | 80 | |
| EBITDA* | 3,011,000 | 3,313,000 | 3,090,000 | 2,113,000 | 947,000 | 2,149,000 | 2,471,000 | 2,268,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 1,556,000 | 1,901,000 | 2,233,000 | 2,364,000 | 1,930,000 | 2,004,000 | 1,619,000 | 1,398,000 | 1,514,000 | 1,306,000 | 1,209,000 | |
| Intangible Assets | ||||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 1,556,000 | 1,901,000 | 2,233,000 | 2,364,000 | 1,930,000 | 2,004,000 | 1,619,000 | 1,398,000 | 1,514,000 | 1,306,000 | 1,209,000 | |
| Stock & work in progress | 9,160,000 | 9,816,000 | 6,179,000 | 10,560,000 | 5,627,000 | 6,198,000 | 3,679,000 | 3,108,000 | 3,989,000 | 3,230,000 | 2,612,000 | |
| Trade Debtors | 4,026,000 | 2,975,000 | 1,966,000 | 2,104,000 | 2,053,000 | 2,095,000 | 2,467,000 | 2,459,000 | 2,690,000 | 1,653,000 | 2,204,000 | |
| Group Debtors | 1,771,000 | 2,310,000 | 17,283,000 | 11,290,000 | 2,272,000 | 9,473,000 | 3,122,000 | 1,837,000 | 561,000 | 7,843,000 | 7,793,000 | 8,328,000 |
| Misc Debtors | 842,000 | 611,000 | 983,000 | 1,523,000 | 547,000 | 440,000 | 34,000 | 411,000 | 311,000 | 335,000 | 261,000 | |
| Cash | 341,000 | 288,000 | 69,000 | 81,000 | 1,713,000 | 17,000 | 28,000 | |||||
| misc current assets | ||||||||||||
| total current assets | 1,771,000 | 16,679,000 | 30,973,000 | 20,487,000 | 16,540,000 | 19,413,000 | 11,855,000 | 8,017,000 | 6,539,000 | 14,833,000 | 13,028,000 | 13,433,000 |
| total assets | 1,771,000 | 18,235,000 | 32,874,000 | 22,720,000 | 18,904,000 | 21,343,000 | 13,859,000 | 9,636,000 | 7,937,000 | 16,347,000 | 14,334,000 | 14,642,000 |
| Bank overdraft | 3,000 | 10,000 | ||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 2,648,000 | 2,924,000 | 3,424,000 | 3,119,000 | 930,000 | 938,000 | 364,000 | 323,000 | 636,000 | 577,000 | 1,104,000 | |
| Group/Directors Accounts | 14,510,000 | 3,987,000 | 1,081,000 | 101,000 | 2,678,000 | 1,602,000 | 1,344,000 | 2,229,000 | 1,899,000 | 3,173,000 | ||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | 317,000 | 407,000 | 2,617,000 | 2,168,000 | 2,461,000 | 7,229,000 | 436,000 | 543,000 | 631,000 | 1,168,000 | 1,633,000 | 1,649,000 |
| total current liabilities | 317,000 | 3,055,000 | 20,051,000 | 9,579,000 | 6,661,000 | 8,260,000 | 4,052,000 | 2,512,000 | 2,308,000 | 4,033,000 | 4,109,000 | 5,926,000 |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 732,000 | 732,000 | ||||||||||
| provisions | 841,000 | 513,000 | 491,000 | 98,000 | 92,000 | 81,000 | 103,000 | 100,000 | 74,000 | 30,000 | 28,000 | |
| total long term liabilities | 1,573,000 | 1,245,000 | 491,000 | 98,000 | 92,000 | 81,000 | 103,000 | 100,000 | 74,000 | 30,000 | 28,000 | |
| total liabilities | 317,000 | 4,628,000 | 21,296,000 | 10,070,000 | 6,759,000 | 8,352,000 | 4,133,000 | 2,615,000 | 2,408,000 | 4,107,000 | 4,139,000 | 5,954,000 |
| net assets | 1,454,000 | 13,607,000 | 11,578,000 | 12,650,000 | 12,145,000 | 12,991,000 | 9,726,000 | 7,021,000 | 5,529,000 | 12,240,000 | 10,195,000 | 8,688,000 |
| total shareholders funds | 1,454,000 | 13,607,000 | 11,578,000 | 12,650,000 | 12,145,000 | 12,991,000 | 9,726,000 | 7,021,000 | 5,529,000 | 12,240,000 | 10,195,000 | 8,688,000 |
| 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 | 2,695,000 | 3,223,000 | 2,729,000 | 1,807,000 | 600,000 | 1,843,000 | 2,057,000 | 1,956,000 | ||||
| Depreciation | 84,000 | 381,000 | 309,000 | 371,000 | 316,000 | 90,000 | 361,000 | 306,000 | 347,000 | 306,000 | 414,000 | 312,000 |
| Amortisation | ||||||||||||
| Tax | -361,000 | -464,000 | 206,000 | -158,000 | -618,000 | 35,000 | -313,000 | 650,000 | 175,000 | -563,000 | -562,000 | |
| Stock | -9,160,000 | -656,000 | 3,637,000 | -4,381,000 | 4,933,000 | -571,000 | 2,519,000 | 571,000 | -881,000 | 759,000 | 618,000 | 2,612,000 |
| Debtors | -5,407,000 | -13,691,000 | 6,630,000 | 8,340,000 | -6,174,000 | 6,416,000 | 1,319,000 | 907,000 | -7,413,000 | 1,063,000 | -1,012,000 | 10,793,000 |
| Creditors | -2,648,000 | -276,000 | -500,000 | 305,000 | 2,189,000 | -8,000 | 574,000 | 41,000 | -313,000 | 59,000 | -527,000 | 1,104,000 |
| Accruals and Deferred Income | -90,000 | -2,210,000 | 449,000 | -293,000 | -4,768,000 | 6,793,000 | -107,000 | -88,000 | -537,000 | -465,000 | -16,000 | 1,649,000 |
| Deferred Taxes & Provisions | -841,000 | 328,000 | 22,000 | 393,000 | 6,000 | 11,000 | -22,000 | 3,000 | 26,000 | 44,000 | 2,000 | 28,000 |
| Cash flow from operations | 1,061,000 | 4,299,000 | -303,000 | 278,000 | 9,067,000 | 140,000 | 1,761,000 | -8,918,000 | ||||
| Investing Activities | ||||||||||||
| capital expenditure | -16,000 | -748,000 | ||||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | -16,000 | -748,000 | ||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -14,510,000 | 10,523,000 | 2,906,000 | 980,000 | -2,577,000 | 1,076,000 | 258,000 | -885,000 | 330,000 | -1,274,000 | 3,173,000 | |
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | -732,000 | 732,000 | ||||||||||
| share issue | ||||||||||||
| interest | 7,000 | -13,000 | -4,000 | 35,000 | 22,000 | 7,000 | 48,000 | |||||
| cash flow from financing | -732,000 | -14,510,000 | 11,255,000 | 2,906,000 | -1,943,000 | -2,570,000 | 1,052,000 | 256,000 | -8,846,000 | 357,000 | -1,261,000 | 10,467,000 |
| cash and cash equivalents | ||||||||||||
| cash | -341,000 | 53,000 | 219,000 | -12,000 | -1,632,000 | 1,713,000 | -17,000 | -11,000 | 28,000 | |||
| overdraft | -3,000 | -7,000 | 10,000 | |||||||||
| change in cash | -341,000 | 53,000 | 219,000 | -12,000 | -1,632,000 | 1,713,000 | 3,000 | 7,000 | -10,000 | -17,000 | -11,000 | 28,000 |
foundation technology limited Credit Report and Business Information
Foundation Technology Limited Competitor Analysis
Perform a competitor analysis for foundation technology limited by selecting its closest rivals, whether from the MANUFACTURING sector, other undefined companies, companies in EC2A area or any other competitors across 12 key performance metrics.
foundation technology limited Ownership
FOUNDATION TECHNOLOGY LIMITED group structure
Foundation Technology Limited has no subsidiary companies.
Ultimate parent company
AMETEK INC
#0058373
2 parents
FOUNDATION TECHNOLOGY LIMITED
02451086
foundation technology limited directors
Foundation Technology Limited currently has 1 director, Mr Bruce Wilson serving since Apr 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bruce Wilson | United Kingdom | 69 years | Apr 2021 | - | Director |
P&L
December 2020turnover
7m
-77%
operating profit
1.8m
0%
gross margin
17%
+29.43%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
1.5m
-0.89%
total assets
1.8m
-0.9%
cash
0
-1%
net assets
Total assets minus all liabilities
foundation technology limited company details
company number
02451086
Type
Private limited with Share Capital
industry
26120 - Manufacture of loaded electronic boards
incorporation date
December 1989
age
36
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
exhibitline limited (February 1990)
accountant
-
auditor
RSM UK AUDIT LLP
address
30 finsbury square, london, EC2A 1AG
Bank
HSBC BANK PLC
Legal Advisor
-
foundation technology 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 5 charges/mortgages relating to foundation technology limited. Currently there are 0 open charges and 5 have been satisfied in the past.
foundation technology 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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foundation technology limited Companies House Filings - See Documents
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