Fast Lane Karting Limited

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fast lane karting limited Company Information

Live

MatureMicroDeclining

Company Number

02680162

Website

www.fastlanekarting.co.uk

Registered Address

151 king street, fenton, stoke-on-trent, staffordshire, ST4 3ER

Industry

Other sports activities (not including activities of racehorse owners) n.e.c.

Telephone

441782250450

Next Accounts Due

October 2025

Group Structure

View All

Directors

Graham McCarthy32 Years

Jane McCarthy28 Years

View All

Shareholders

jame wendy mccarthy 50%

graham mccarthy 50%

fast lane karting limited Estimated Valuation

£324.8k

Pomanda estimates the enterprise value of FAST LANE KARTING LIMITED at £324.8k based on an EBITDA of £114.9k and a 2.83x industry multiple (adjusted for size and gross margin).

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Fast Lane Karting Limited is a live company located in stoke-on-trent, ST4 3ER with a Companies House number of 02680162. It operates in the other sports activities sector, SIC Code 93199. Founded in January 1992, it's largest shareholder is jame wendy mccarthy with a 50% stake. Fast Lane Karting Limited is a mature, micro sized company, Pomanda has estimated its turnover at £338.6k with declining growth in recent years.

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Pomanda's financial health check has awarded Fast Lane Karting Limited a 4 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

Health Rating4out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £338.6k, make it smaller than the average company (£557.9k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (10.2%)

EXPORT

Fast Lane Karting Limited's latest turnover from January 2024 is estimated at £338.6 thousand and the company has net assets of £599.7 thousand. According to their latest financial statements, Fast Lane Karting Limited has 7 employees and maintains cash reserves of £518.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	338,558	296,622	192,291	385,679	283,400	231,353	203,016	233,040	191,718	496,851	447,020	517,768	567,620	476,744	549,651
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	179,839	169,610	104,233	222,013	163,239	129,214	109,641	122,391	103,872	263,597	237,041	285,248	326,926	269,005	318,887
Gross Profit	158,719	127,011	88,058	163,666	120,161	102,138	93,375	110,649	87,845	233,253	209,979	232,521	240,694	207,739	230,764
Admin Expenses	51,540	-10,076	-54,355	183,437	65,310	64,743	90,832	95,652	20,225	153,300	201,132	226,339	249,275	217,072	120,938
Operating Profit	107,179	137,087	142,413	-19,771	54,851	37,395	2,543	14,997	67,620	79,953	8,847	6,182	-8,581	-9,333	109,826
Interest Payable	0	1,406	2,488	1,525	0	0	0	0	999	0	0	0	0	0	0
Interest Receivable	24,080	13,839	630	218	1,960	1,801	1,210	645	1,195	793	574	631	666	702	364
Pre-Tax Profit	131,259	149,520	140,554	-21,078	56,811	39,196	3,753	15,641	68,815	80,746	9,421	6,813	-7,915	-8,631	110,190
Tax	-32,815	-28,409	-26,705	0	-10,794	-7,447	-713	-3,128	-13,763	-16,957	-2,167	-1,635	0	0	-30,853
Profit After Tax	98,444	121,111	113,849	-21,078	46,017	31,749	3,040	12,513	55,052	63,789	7,254	5,178	-7,915	-8,631	79,337
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	98,444	121,111	113,849	-21,078	46,017	31,749	3,040	12,513	55,052	63,789	7,254	5,178	-7,915	-8,631	79,337
Employee Costs	185,975	182,281	176,768	115,938	135,305	109,569	85,187	137,306	128,525	198,535	167,900	205,067	241,346	165,151	154,538
Number Of Employees	7	7	7	5	6	5	4	4	4	8	7	8	10	7	6
EBITDA*	114,940	145,711	152,188	-9,080	58,471	38,455	3,958	16,883	70,134	82,041	9,690	7,306	-7,083	-7,335	113,281

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	90,568	98,329	106,953	114,879	10,863	3,183	4,243	5,658	7,544	6,263	2,527	3,370	4,494	5,992	7,990
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	90,568	98,329	106,953	114,879	10,863	3,183	4,243	5,658	7,544	6,263	2,527	3,370	4,494	5,992	7,990
Stock & work in progress	52,839	29,714	32,101	60,478	47,208	47,730	27,120	38,460	14,413	25,325	36,575	16,617	11,545	15,770	22,123
Trade Debtors	0	0	3,655	25,886	12,455	12,455	12,455	12,455	12,455	17,455	19,455	19,455	19,455	19,455	19,455
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	518,913	444,293	346,495	157,108	279,787	242,785	237,557	246,593	269,145	208,790	108,353	121,240	131,201	135,201	145,641
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	571,752	474,007	382,251	243,472	339,450	302,970	277,132	297,508	296,013	251,570	164,383	157,312	162,201	170,426	187,219
total assets	662,320	572,336	489,204	358,351	350,313	306,153	281,375	303,166	303,557	257,833	166,910	160,682	166,695	176,418	195,209
Bank overdraft	0	0	15,448	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	16,226	3,661	3,365	1,229	11,391	12,274	12,948	12,918	12,733	118,819	91,685	92,711	103,902	105,710	115,870
Group/Directors Accounts	0	0	40,000	40,000	40,000	40,000	40,000	60,000	60,000	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	46,383	67,408	36,073	815	11,537	12,511	18,808	23,669	36,758	0	0	0	0	0	0
total current liabilities	62,609	71,069	94,886	42,044	62,928	64,785	71,756	96,587	109,491	118,819	91,685	92,711	103,902	105,710	115,870
loans	0	0	14,162	50,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	14,162	50,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	62,609	71,069	109,048	92,044	62,928	64,785	71,756	96,587	109,491	118,819	91,685	92,711	103,902	105,710	115,870
net assets	599,711	501,267	380,156	266,307	287,385	241,368	209,619	206,579	194,066	139,014	75,225	67,971	62,793	70,708	79,339
total shareholders funds	599,711	501,267	380,156	266,307	287,385	241,368	209,619	206,579	194,066	139,014	75,225	67,971	62,793	70,708	79,339

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	107,179	137,087	142,413	-19,771	54,851	37,395	2,543	14,997	67,620	79,953	8,847	6,182	-8,581	-9,333	109,826
Depreciation	7,761	8,624	9,775	10,691	3,620	1,060	1,415	1,886	2,514	2,088	843	1,124	1,498	1,998	3,455
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-32,815	-28,409	-26,705	0	-10,794	-7,447	-713	-3,128	-13,763	-16,957	-2,167	-1,635	0	0	-30,853
Stock	23,125	-2,387	-28,377	13,270	-522	20,610	-11,340	24,047	-10,912	-11,250	19,958	5,072	-4,225	-6,353	22,123
Debtors	0	-3,655	-22,231	13,431	0	0	0	0	-5,000	-2,000	0	0	0	0	19,455
Creditors	12,565	296	2,136	-10,162	-883	-674	30	185	-106,086	27,134	-1,026	-11,191	-1,808	-10,160	115,870
Accruals and Deferred Income	-21,025	31,335	35,258	-10,722	-974	-6,297	-4,861	-13,089	36,758	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	50,540	154,975	213,485	-56,665	46,342	3,427	9,754	-23,196	2,955	105,468	-13,461	-10,592	-4,666	-11,142	156,720
Investing Activities
capital expenditure	0	0	-1,849	-114,707	-11,300	0	0	0	-3,795	-5,824	0	0	0	0	-11,445
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-1,849	-114,707	-11,300	0	0	0	-3,795	-5,824	0	0	0	0	-11,445
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-40,000	0	0	0	0	-20,000	0	60,000	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-14,162	-35,838	50,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	24,080	12,433	-1,858	-1,307	1,960	1,801	1,210	645	196	793	574	631	666	702	364
cash flow from financing	24,080	-41,729	-37,696	48,693	1,960	1,801	-18,790	645	60,196	793	574	631	666	702	366
cash and cash equivalents
cash	74,620	97,798	189,387	-122,679	37,002	5,228	-9,036	-22,552	60,355	100,437	-12,887	-9,961	-4,000	-10,440	145,641
overdraft	0	-15,448	15,448	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	74,620	113,246	173,939	-122,679	37,002	5,228	-9,036	-22,552	60,355	100,437	-12,887	-9,961	-4,000	-10,440	145,641

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FAST LANE KARTING LIMITED group structure

Fast Lane Karting Limited has no subsidiary companies.

Ultimate parent company

FAST LANE KARTING LIMITED

02680162

FAST LANE KARTING LIMITED Shareholders

jame wendy mccarthy	50%
graham mccarthy	50%

Fast Lane Karting Limited currently has 3 directors. The longest serving directors include Mr Graham McCarthy (Feb 1992) and Ms Jane McCarthy (Oct 1995).

officer	country	age	start	end	role
Mr Graham McCarthy		64 years	Feb 1992	-	Director
Ms Jane McCarthy		62 years	Oct 1995	-	Director
Mr George McCarthy	England	31 years	Feb 2015	-	Director

P&L

January 2024

turnover

338.6k

+14%

operating profit

107.2k

gross margin

46.9%

+9.48%

turnover

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

Balance Sheet

January 2024

net assets

599.7k

+0.2%

total assets

662.3k

+0.16%

cash

518.9k

+0.17%

net assets

Total assets minus all liabilities

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company number

02680162

Type

Private limited with Share Capital

industry

93199 - Other sports activities (not including activities of racehorse owners) n.e.c.

incorporation date

January 1992

accounts

Total Exemption Full

ultimate parent company

None

previous names

focusacross limited (March 1992)

last accounts submitted

January 2024

address

151 king street, fenton, stoke-on-trent, staffordshire, ST4 3ER

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 fast lane karting limited. Currently there are 1 open charges and 1 have been satisfied in the past.

fast lane karting limited Company Information

fast lane karting limited Estimated Valuation

fast lane karting limited Estimated Valuation

fast lane karting limited Estimated Valuation

Fast Lane Karting Limited Overview

Fast Lane Karting Limited Health Check

FAST LANE KARTING LIMITED financials

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Fast Lane Karting Limited Competitor Analysis

fast lane karting limited Ownership

fast lane karting limited directors

fast lane karting limited company details

fast lane karting limited Charges & Mortgages

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