friction marketing company limitedEstimated Valuation
£27.2m
Pomanda estimates the enterprise value of FRICTION MARKETING COMPANY LIMITED at £27.2m based on a Turnover of £23.1m and 1.18x industry multiple (adjusted for size and gross margin).
friction marketing company limitedEstimated Valuation
£42.5m
Pomanda estimates the enterprise value of FRICTION MARKETING COMPANY LIMITED at £42.5m based on an EBITDA of £5.8m and a 7.32x industry multiple (adjusted for size and gross margin).
friction marketing company limitedEstimated Valuation
£43.8m
Pomanda estimates the enterprise value of FRICTION MARKETING COMPANY LIMITED at £43.8m based on Net Assets of £21.7m and 2.02x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Friction Marketing Company LimitedOverview
Friction Marketing Company Limited is a live company located in leighton buzzard, LU7 4ER with a Companies House number of 02656060. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in October 1991, it's largest shareholder is
jinmyung europe limited
with a 100% stake. Friction Marketing Company Limited is a mature,
large sized company, Pomanda has estimated its turnover at
£23.1m with
high
growth in recent years.
Pomanda's financial health check has awarded Friction Marketing Company Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
8 Strong
2 Regular
2 Weak
Size
annual sales of £23.1m, make it larger than the average company (£14m)
£23.1m - Friction Marketing Company Limited
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (6.3%)
23% - Friction Marketing Company Limited
6.3% - Industry AVG
Production
with a gross margin of 43.9%, this company has a lower cost of product (30.3%)
43.9% - Friction Marketing Company Limited
30.3% - Industry AVG
Profitability
an operating margin of 23.5% make it more profitable than the average company (6.3%)
23.5% - Friction Marketing Company Limited
6.3% - Industry AVG
Employees
with 94 employees, this is above the industry average (70)
94 - Friction Marketing Company Limited
70 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£42.9k)
£35.9k - Friction Marketing Company Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £245.5k, this is more efficient (£185.9k)
£245.5k - Friction Marketing Company Limited
£185.9k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is near the average (53 days)
48 days - Friction Marketing Company Limited
53 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (40 days)
10 days - Friction Marketing Company Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 244 days, this is more than average (68 days)
244 days - Friction Marketing Company Limited
68 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 139 weeks, this is more cash available to meet short term requirements (12 weeks)
139 weeks - Friction Marketing Company Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.1%, this is a lower level of debt than the average (47.8%)
7.1% - Friction Marketing Company Limited
47.8% - Industry AVG
FRICTION MARKETING COMPANY LIMITED financials
EXPORT
Friction Marketing Company Limited's latest turnover from December 2023 is £23.1 million and the company has net assets of £21.7 million. According to their latest financial statements, Friction Marketing Company Limited has 94 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
23,073,045
23,248,406
14,049,529
12,279,361
9,956,648
14,772,297
14,709,814
11,626,181
9,536,250
8,942,935
8,819,765
8,485,230
9,552,238
8,045,015
6,805,831
Other Income Or Grants
Cost Of Sales
12,950,929
13,180,569
8,429,403
7,628,136
6,048,970
8,900,503
9,091,541
7,427,374
6,405,367
5,742,372
5,824,740
5,910,034
6,598,069
5,566,901
4,573,224
Gross Profit
10,122,116
10,067,837
5,620,126
4,651,225
3,907,678
5,871,794
5,618,273
4,198,807
3,130,883
3,200,563
2,995,025
2,575,196
2,954,169
2,478,114
2,232,607
Admin Expenses
4,705,752
3,685,192
2,957,809
2,573,510
2,333,488
3,414,013
3,280,335
2,702,842
2,544,712
2,416,085
2,167,280
2,006,347
2,101,339
1,853,169
490,908
Operating Profit
5,416,364
6,382,645
2,662,317
2,077,715
1,574,190
2,457,781
2,337,938
1,495,965
586,171
784,478
827,745
568,849
852,830
624,945
1,741,699
Interest Payable
6,395
6,395
5,329
3
34,472
39,978
50,658
39,383
Interest Receivable
13,138
3,128
236
1,085
3,846
4,738
2,445
225
255
206
157
98
178
77
Pre-Tax Profit
5,423,107
6,379,378
2,657,224
2,078,800
1,578,036
2,462,519
2,340,383
1,496,190
586,426
784,681
793,430
528,969
802,350
585,639
1,741,699
Tax
-1,209,522
-1,049,324
-409,481
-247,516
-174,742
-382,040
-355,724
-203,190
-16,082
-79,975
-70,784
-59,904
-124,524
-146,673
-487,676
Profit After Tax
4,213,585
5,330,054
2,247,743
1,831,284
1,403,294
2,080,479
1,984,659
1,293,000
570,344
704,706
722,646
469,065
677,826
438,966
1,254,023
Dividends Paid
Retained Profit
4,213,585
5,330,054
2,247,743
1,831,284
1,403,294
2,080,479
1,984,659
1,293,000
570,344
704,706
722,646
469,065
677,826
438,966
1,254,023
Employee Costs
3,373,999
3,221,124
2,354,961
2,072,528
1,448,462
2,187,845
2,032,151
1,683,265
1,569,062
1,506,394
1,369,335
1,458,208
1,448,830
1,339,217
1,720,689
Number Of Employees
94
88
74
67
74
82
75
68
62
57
49
53
50
40
58
EBITDA*
5,815,138
6,739,922
2,662,317
2,280,493
1,725,684
2,646,875
2,533,530
1,684,428
786,802
962,924
970,000
681,823
1,080,536
711,621
1,810,753
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
2,123,568
1,483,742
1,159,293
608,655
673,102
662,300
577,234
486,470
480,461
555,716
513,465
429,386
467,658
570,627
421,311
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,123,568
1,483,742
1,159,293
608,655
673,102
662,300
577,234
486,470
480,461
555,716
513,465
429,386
467,658
570,627
421,311
Stock & work in progress
8,661,485
7,013,799
3,806,924
2,980,594
4,125,865
3,971,537
3,152,000
2,687,159
2,462,109
2,441,511
1,948,133
2,037,816
1,890,745
1,665,243
1,107,146
Trade Debtors
3,049,539
3,994,152
2,274,736
2,333,646
2,060,136
2,706,653
2,849,847
2,674,582
1,730,387
1,605,075
1,647,835
1,330,851
1,922,659
1,506,535
1,325,159
Group Debtors
6,279,625
6,036,777
4,297,613
6,041,655
4,708,063
4,011,310
3,130,566
1,730,566
980,566
Misc Debtors
634,834
496,430
388,151
332,190
375,224
322,388
375,543
328,106
218,559
288,769
167,814
234,926
106,691
53,942
Cash
2,647,231
1,052,226
1,690,480
1,958,000
1,277,907
767,871
404,867
340,245
257,406
889,273
636,002
274,600
205,824
144,572
misc current assets
total current assets
21,272,714
18,593,384
12,457,904
13,646,085
12,547,195
11,779,759
9,912,823
7,760,658
5,649,027
5,224,628
4,399,784
3,878,193
4,125,919
3,370,292
2,432,305
total assets
23,396,282
20,077,126
13,617,197
14,254,740
13,220,297
12,442,059
10,490,057
8,247,128
6,129,488
5,780,344
4,913,249
4,307,579
4,593,577
3,940,919
2,853,616
Bank overdraft
Bank loan
Trade Creditors
367,906
548,291
337,879
324,173
1,015,776
1,478,289
1,481,434
1,449,261
1,011,593
1,160,945
991,817
739,458
1,094,981
1,372,031
1,032,885
Group/Directors Accounts
101,893
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
6,000
24,449
other short term finances
hp & lease commitments
52,358
50,573
48,555
105,659
116,712
75,336
107,945
other current liabilities
565,406
1,184,171
359,506
221,004
296,593
455,748
596,452
379,120
147,699
213,740
212,165
328,205
502,567
320,570
total current liabilities
985,670
1,884,928
745,940
545,177
1,318,369
1,940,037
2,083,886
1,834,381
1,165,292
1,380,685
1,209,982
1,179,322
1,720,260
1,792,386
1,140,830
loans
hp & lease commitments
171,742
226,256
281,004
112,671
218,329
133,334
207,970
Accruals and Deferred Income
27,767
33,331
9,427
15,816
3,437
19,728
22,368
39,093
79,855
other liabilities
38,895
49,223
148,608
133,445
166,311
provisions
503,859
444,516
371,114
205,940
224,025
223,240
226,088
232,744
70,804
88,990
81,013
64,115
56,472
68,910
44,482
total long term liabilities
675,601
670,772
679,885
239,271
262,920
223,240
226,088
242,171
86,620
92,427
100,741
248,377
462,502
415,544
418,763
total liabilities
1,661,271
2,555,700
1,425,825
784,448
1,581,289
2,163,277
2,309,974
2,076,552
1,251,912
1,473,112
1,310,723
1,427,699
2,182,762
2,207,930
1,559,593
net assets
21,735,011
17,521,426
12,191,372
13,470,292
11,639,008
10,278,782
8,180,083
6,170,576
4,877,576
4,307,232
3,602,526
2,879,880
2,410,815
1,732,989
1,294,023
total shareholders funds
21,735,011
17,521,426
12,191,372
13,470,292
11,639,008
10,278,782
8,180,083
6,170,576
4,877,576
4,307,232
3,602,526
2,879,880
2,410,815
1,732,989
1,294,023
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
5,416,364
6,382,645
2,662,317
2,077,715
1,574,190
2,457,781
2,337,938
1,495,965
586,171
784,478
827,745
568,849
852,830
624,945
1,741,699
Depreciation
398,774
357,277
202,778
151,494
189,094
195,592
188,463
200,631
178,446
142,255
112,974
194,964
77,694
69,054
Amortisation
32,742
8,982
Tax
-1,209,522
-1,049,324
-409,481
-247,516
-174,742
-382,040
-355,724
-203,190
-16,082
-79,975
-70,784
-59,904
-124,524
-146,673
-487,676
Stock
1,647,686
3,206,875
826,330
-1,145,271
973,865
819,537
464,841
225,050
20,598
493,378
-89,683
147,071
225,502
558,097
1,107,146
Debtors
-563,361
3,566,859
-1,746,991
1,564,068
787,467
684,395
1,622,702
1,803,742
1,035,668
78,195
249,872
-463,573
468,873
235,318
1,325,159
Creditors
-180,385
210,412
13,706
-691,603
-465,658
-3,145
32,173
437,668
-149,352
169,128
252,359
-355,523
-277,050
339,146
1,032,885
Accruals and Deferred Income
-618,765
796,898
132,938
-42,258
-299,859
-140,704
207,905
225,032
-53,662
-14,716
-118,680
-191,087
141,235
400,425
Deferred Taxes & Provisions
59,343
73,402
165,174
-18,085
-2,063
-2,848
-6,656
161,940
-18,186
7,977
16,898
7,643
-12,438
24,428
44,482
Cash flow from operations
2,781,484
-2,424
3,485,315
862,234
-977,970
614,206
323,685
277,086
-506,746
473,765
889,604
399,454
113,384
535,532
-31,861
Investing Activities
capital expenditure
-1,038,600
-681,726
-550,638
-138,331
-247,362
-274,160
-286,356
-194,472
-125,376
-220,697
-219,577
-1,432
-92,794
-221,638
-490,365
Change in Investments
cash flow from investments
-1,038,600
-681,726
-550,638
-138,331
-247,362
-274,160
-286,356
-194,472
-125,376
-220,697
-219,577
-1,432
-92,794
-221,638
-490,365
Financing Activities
Bank loans
Group/Directors Accounts
-101,893
101,893
-6,000
-18,449
24,449
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-52,729
-52,730
329,559
-218,330
-116,711
126,371
-107,245
315,915
other long term liabilities
-38,895
38,895
-49,223
-99,385
15,163
-32,866
166,311
share issue
-3,526,663
2,055,631
18,220
24,848
40,000
interest
6,743
-3,267
-5,093
1,085
3,846
4,738
2,445
225
255
203
-34,315
-39,880
-50,480
-39,306
cash flow from financing
-147,879
45,896
-3,202,197
-43,810
2,098,372
22,958
27,293
225
255
203
-301,868
-255,976
72,605
-154,968
522,226
cash and cash equivalents
cash
1,595,005
-638,254
-267,520
680,093
873,040
363,004
64,622
82,839
-631,867
253,271
361,402
68,776
61,252
144,572
overdraft
change in cash
1,595,005
-638,254
-267,520
680,093
873,040
363,004
64,622
82,839
-631,867
253,271
361,402
68,776
61,252
144,572
friction marketing company 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 friction marketing company limited. Get real-time insights into friction marketing company limited's credit score, group structure and payment trends.
Friction Marketing Company Limited Competitor Analysis
Perform a competitor analysis for friction marketing company limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in LU7 area or any other competitors across 12 key performance metrics.
friction marketing company limited Ownership
FRICTION MARKETING COMPANY LIMITED group structure
Friction Marketing Company Limited has 1 subsidiary company.
The sole shareholder of Friction Marketing Company Limited is Jinmyung Europe Limited.
jinmyung europe limited
100%
friction marketing company limited directors
Friction Marketing Company Limited currently has 2 directors.
The longest serving directors include
Mr Craig Lawrence (Jun 2015) and
Mr Mark Pickford (Jun 2015).
friction marketing company limited company details
company number
02656060
Type
Private limited with Share Capital
industry
32990 - Other manufacturing n.e.c.
incorporation date
October 1991
age
34
incorporated
UK
ultimate parent company
JINMYUNG FRICTECH CO LTD
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MHA
address
unit 1 union park, ouzel industrial estate, leighton buzzard, bedfordshire, LU7 4ER
Bank
BARCLAYS BANK PLC
Legal Advisor
-
friction marketing company 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 7 charges/mortgages relating to friction marketing company limited. Currently there are 1 open charges and 6 have been satisfied in the past.
friction marketing company 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 FRICTION MARKETING COMPANY LIMITED. This can take several minutes, an email will notify you when this has completed.
friction marketing company limitedCompanies House Filings - See Documents
