frontlaunch limited

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frontlaunch limited Company Information

Share FRONTLAUNCH LIMITED

Company Number

02638285

Shareholders

kennedy property holdings limited

Group Structure

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Industry

Development of building projects

 

Registered Address

oakwood house, 414-422 hackney road, london, E2 7SY

frontlaunch limited Estimated Valuation

£203k

Pomanda estimates the enterprise value of FRONTLAUNCH LIMITED at £203k based on a Turnover of £625.7k and 0.32x industry multiple (adjusted for size and gross margin).

frontlaunch limited Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of FRONTLAUNCH LIMITED at £5.8m based on an EBITDA of £2.3m and a 2.56x industry multiple (adjusted for size and gross margin).

frontlaunch limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of FRONTLAUNCH LIMITED at £3.8m based on Net Assets of £2.7m and 1.41x industry multiple (adjusted for liquidity).

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Frontlaunch Limited Overview

Frontlaunch Limited is a live company located in london, E2 7SY with a Companies House number of 02638285. It operates in the development of building projects sector, SIC Code 41100. Founded in August 1991, it's largest shareholder is kennedy property holdings limited with a 100% stake. Frontlaunch Limited is a mature, small sized company, Pomanda has estimated its turnover at £625.7k with declining growth in recent years.

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Frontlaunch Limited Health Check

Pomanda's financial health check has awarded Frontlaunch Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £625.7k, make it smaller than the average company (£2.4m)

£625.7k - Frontlaunch Limited

£2.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -47%, show it is growing at a slower rate (7.1%)

-47% - Frontlaunch Limited

7.1% - Industry AVG

production

Production

with a gross margin of 9.3%, this company has a higher cost of product (26%)

9.3% - Frontlaunch Limited

26% - Industry AVG

profitability

Profitability

an operating margin of 364.2% make it more profitable than the average company (7.2%)

364.2% - Frontlaunch Limited

7.2% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (7)

1 - Frontlaunch Limited

7 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.5k, the company has an equivalent pay structure (£50.5k)

£50.5k - Frontlaunch Limited

£50.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £625.7k, this is more efficient (£286.7k)

£625.7k - Frontlaunch Limited

£286.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 24 days, this is near the average (30 days)

24 days - Frontlaunch Limited

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 176 days, this is slower than average (31 days)

176 days - Frontlaunch Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Frontlaunch Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Frontlaunch Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.9%, this is a lower level of debt than the average (73.1%)

19.9% - Frontlaunch Limited

73.1% - Industry AVG

FRONTLAUNCH LIMITED financials

EXPORTms excel logo

Frontlaunch Limited's latest turnover from September 2024 is estimated at £625.7 thousand and the company has net assets of £2.7 million. According to their latest financial statements, we estimate that Frontlaunch Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover625,749363,1525,078,5694,215,2524,708,8624,460,1243,013,9872,168,852168,742140,7162,424,0126,529,6424,214,8051,312,6311,939,245
Other Income Or Grants
Cost Of Sales567,889328,5994,587,7873,847,8194,245,2484,003,5492,695,0071,917,891149,047125,2582,153,8245,833,3503,796,1211,183,6111,747,167
Gross Profit57,86034,554490,783367,433463,614456,575318,980250,96119,69515,458270,188696,292418,684129,020192,077
Admin Expenses-2,221,20078,724261,772310,714368,4232,699,727-3,183,886205,635-21,005-25,0182,032,647-1,386,669331,777251,61510,063-164,070
Operating Profit2,279,060-44,170229,01156,71995,191-2,243,1523,502,86645,32640,70040,476-1,762,4592,082,96186,907-122,595182,014164,070
Interest Payable
Interest Receivable4963132412241982159611,5841,023345
Pre-Tax Profit2,279,060-44,170229,01156,71995,191-2,243,1523,503,36245,64040,94140,700-1,762,2612,083,17587,868-121,011183,038164,415
Tax-569,765-43,512-10,777-18,086-665,639-8,672-8,188-8,140-479,130-21,088-51,250-46,036
Profit After Tax1,709,295-44,170185,49945,94277,105-2,243,1522,837,72336,96832,75332,560-1,762,2611,604,04566,780-121,011131,787118,379
Dividends Paid
Retained Profit1,709,295-44,170185,49945,94277,105-2,243,1522,837,72336,96832,75332,560-1,762,2611,604,04566,780-121,011131,787118,379
Employee Costs50,50747,722359,590310,284302,700298,645210,708166,52441,00039,636149,499396,634251,596104,793134,719
Number Of Employees1187775411411734
EBITDA*2,279,060-44,170229,01156,71995,191-2,243,1523,502,86645,32641,53641,312-1,761,5802,084,36988,784-120,092185,352168,520

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets1,987,200234,392234,393285,592285,592285,5922,825,4003,185,0001,6722,5083,3444,2235,6317,50810,01113,349
Intangible Assets
Investments & Other3,185,0003,185,0003,185,0002,813,2534,902,5004,317,5004,317,5004,317,500
Debtors (Due After 1 year)
Total Fixed Assets1,987,200234,392234,393285,592285,592285,5922,825,4003,185,0003,186,6723,187,5083,188,3442,817,4764,908,1314,325,0084,327,5114,330,849
Stock & work in progress
Trade Debtors42,7828,6142,000,1631,765,4761,733,0121,654,6251,055,837755,6014,948379833,2831,969,940708,025448,825653,927646,425
Group Debtors747,329747,329
Misc Debtors1,352,9821,965,28724,53857,004
Cash132,274118,52174,29215,45963,55622,257362,149271,385137,996
misc current assets
total current assets1,395,7641,973,9012,000,1631,765,4761,733,0121,654,6251,055,837887,875895,336879,004848,7422,033,496730,282810,974925,312784,421
total assets3,382,9642,208,2932,234,5562,051,0682,018,6041,940,2173,881,2374,072,8754,082,0084,066,5124,037,0864,850,9725,638,4135,135,9825,252,8235,115,270
Bank overdraft
Bank loan
Trade Creditors 274,613169,346133,10859,55591,207103,946143,56476,47594,97685,78360,167592,1391,333,55552,70248,53242,766
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities274,613169,346133,10859,55591,207103,946143,56476,47594,97685,78360,167592,1391,333,55552,70248,53242,766
loans
hp & lease commitments
Accruals and Deferred Income18,33193,89575,72161,700
other liabilities400,1091,040,0001,040,0001,040,0001,040,0001,040,000759,9501,025,8001,053,4001,079,8501,108,6001,200,0001,200,0001,200,000
provisions
total long term liabilities400,1091,040,0001,058,3311,133,8951,115,7211,101,700759,9501,025,8001,053,4001,079,8501,108,6001,200,0001,200,0001,200,000
total liabilities674,7221,209,3461,191,4391,193,4501,206,9281,205,646903,5141,102,2751,148,3761,165,6331,168,767592,1391,333,5551,252,7021,248,5321,242,766
net assets2,708,242998,9471,043,117857,618811,676734,5712,977,7232,970,6002,933,6322,900,8792,868,3194,258,8334,304,8583,883,2804,004,2913,872,504
total shareholders funds2,708,242998,9471,043,117857,618811,676734,5712,977,7232,970,6002,933,6322,900,8792,868,3194,258,8334,304,8583,883,2804,004,2913,872,504
Sep 2024Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit2,279,060-44,170229,01156,71995,191-2,243,1523,502,86645,32640,70040,476-1,762,4592,082,96186,907-122,595182,014164,070
Depreciation8368368791,4081,8772,5033,3384,450
Amortisation
Tax-569,765-43,512-10,777-18,086-665,639-8,672-8,188-8,140-479,130-21,088-51,250-46,036
Stock
Debtors-578,137-26,262234,68732,46478,387598,788300,236-21,214-27,897-28,571-1,136,6571,261,915259,200-205,1027,502646,425
Creditors105,26736,23873,553-31,652-12,739-39,61867,089-18,5019,19325,616-531,972-741,4161,280,8534,1705,76642,766
Accruals and Deferred Income-18,331-75,56418,17414,02161,700
Deferred Taxes & Provisions
Cash flow from operations2,392,699-1-51,199-2,819,8582,604,08039,36770,43887,359-1,156,895-398,0921,089,34989,180132,366-481,175
Investing Activities
capital expenditure-1,752,808151,1992,539,808359,600-3,183,328-17,799
Change in Investments-3,185,000371,747-2,089,247585,0004,317,500
cash flow from investments-1,752,808151,1992,539,808359,6001,672-371,7472,089,247-585,000-4,335,299
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-639,891280,050-265,850-27,600-26,450-28,7501,108,600-1,200,0001,200,000
share issue-2,830,600371,747-1,650,070354,7983,754,125
interest4963132412241982159611,5841,023345
cash flow from financing-639,891280,050-3,095,954-27,287-26,209-28,5261,480,545-1,649,855-844,2411,5841,0234,954,470
cash and cash equivalents
cash-132,27413,75344,22958,833-48,09741,299-339,89290,764133,389137,996
overdraft
change in cash-132,27413,75344,22958,833-48,09741,299-339,89290,764133,389137,996

frontlaunch limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Frontlaunch Limited Competitor Analysis

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Perform a competitor analysis for frontlaunch limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in E 2 area or any other competitors across 12 key performance metrics.

frontlaunch limited Ownership

FRONTLAUNCH LIMITED group structure

Frontlaunch Limited has no subsidiary companies.

Ultimate parent company

1 parent

FRONTLAUNCH LIMITED

02638285

FRONTLAUNCH LIMITED Shareholders

kennedy property holdings limited 100%

frontlaunch limited directors

Frontlaunch Limited currently has 2 directors. The longest serving directors include Mr David Kennedy (Oct 2011) and Mr Patrick Kennedy (Nov 2012).

officercountryagestartendrole
Mr David KennedyEngland47 years Oct 2011- Director
Mr Patrick Kennedy44 years Nov 2012- Director

P&L

September 2024

turnover

625.7k

+72%

operating profit

2.3m

0%

gross margin

9.3%

-2.82%

turnover

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

Balance Sheet

September 2024

net assets

2.7m

+1.71%

total assets

3.4m

+0.53%

cash

0

0%

net assets

Total assets minus all liabilities

frontlaunch limited company details

company number

02638285

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

August 1991

age

34

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

September 2024

previous names

N/A

accountant

-

auditor

-

address

oakwood house, 414-422 hackney road, london, E2 7SY

Bank

-

Legal Advisor

-

frontlaunch 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 37 charges/mortgages relating to frontlaunch limited. Currently there are 0 open charges and 37 have been satisfied in the past.

frontlaunch 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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frontlaunch limited Companies House Filings - See Documents

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