fast technology (london) ltd

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fast technology (london) ltd Company Information

Share FAST TECHNOLOGY (LONDON) LTD

Company Number

02865689

Shareholders

pinnacle document solutions ltd

Group Structure

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Industry

Other information technology and computer service activities

 

Registered Address

vision court caxton place, cardiff, south glamorgan, CF23 8HA

fast technology (london) ltd Estimated Valuation

£87.5k

Pomanda estimates the enterprise value of FAST TECHNOLOGY (LONDON) LTD at £87.5k based on a Turnover of £170.1k and 0.51x industry multiple (adjusted for size and gross margin).

fast technology (london) ltd Estimated Valuation

£486.3k

Pomanda estimates the enterprise value of FAST TECHNOLOGY (LONDON) LTD at £486.3k based on an EBITDA of £146.8k and a 3.31x industry multiple (adjusted for size and gross margin).

fast technology (london) ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of FAST TECHNOLOGY (LONDON) LTD at £2m based on Net Assets of £933.9k and 2.17x industry multiple (adjusted for liquidity).

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Fast Technology (london) Ltd Overview

Fast Technology (london) Ltd is a live company located in south glamorgan, CF23 8HA with a Companies House number of 02865689. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 1993, it's largest shareholder is pinnacle document solutions ltd with a 100% stake. Fast Technology (london) Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £170.1k with healthy growth in recent years.

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Fast Technology (london) Ltd Health Check

Pomanda's financial health check has awarded Fast Technology (London) Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £170.1k, make it smaller than the average company (£6.7m)

£170.1k - Fast Technology (london) Ltd

£6.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (6.7%)

11% - Fast Technology (london) Ltd

6.7% - Industry AVG

production

Production

with a gross margin of 25.7%, this company has a higher cost of product (50.2%)

25.7% - Fast Technology (london) Ltd

50.2% - Industry AVG

profitability

Profitability

an operating margin of 86.3% make it more profitable than the average company (3.4%)

86.3% - Fast Technology (london) Ltd

3.4% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (41)

4 - Fast Technology (london) Ltd

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £70.8k, the company has an equivalent pay structure (£70.8k)

£70.8k - Fast Technology (london) Ltd

£70.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £42.5k, this is less efficient (£172.8k)

£42.5k - Fast Technology (london) Ltd

£172.8k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 26 days, this is earlier than average (54 days)

26 days - Fast Technology (london) Ltd

54 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Fast Technology (london) Ltd

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 13 days, this is less than average (16 days)

13 days - Fast Technology (london) Ltd

16 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (15 weeks)

7 weeks - Fast Technology (london) Ltd

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 33.4%, this is a lower level of debt than the average (63.1%)

33.4% - Fast Technology (london) Ltd

63.1% - Industry AVG

FAST TECHNOLOGY (LONDON) LTD financials

EXPORTms excel logo

Fast Technology (London) Ltd's latest turnover from May 2023 is estimated at £170.1 thousand and the company has net assets of £933.9 thousand. According to their latest financial statements, Fast Technology (London) Ltd has 4 employees and maintains cash reserves of £64 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020Apr 2019Apr 2018Apr 2017Apr 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover170,085255,316123,660123,340247,986307,770664,811701,3651,133,471885,287846,822801,804684,479586,637
Other Income Or Grants
Cost Of Sales126,328188,54493,94593,726187,367228,159483,624501,572801,364619,744582,541549,360476,480400,924
Gross Profit43,75666,77229,71529,61560,61879,611181,187199,793332,107265,543264,280252,443207,999185,714
Admin Expenses-103,072-93,005-78,255-225,543-40,939-33,641349,174323,026210,35158,246234,702247,245179,480-95,963
Operating Profit146,828159,777107,970255,158101,557113,252-167,987-123,233121,756207,29729,5785,19828,519281,677
Interest Payable
Interest Receivable2,93792091693032091581,2832,2362,3112,0281,407936323
Pre-Tax Profit149,765160,698108,060255,227101,860113,462-167,829-121,950123,992209,60831,6056,60529,456282,000
Tax-37,441-30,533-20,531-48,493-19,353-21,558-26,038-48,210-7,585-1,717-8,248-78,960
Profit After Tax112,324130,16587,529206,73482,50791,904-167,829-121,95097,954161,39824,0204,88821,208203,040
Dividends Paid
Retained Profit112,324130,16587,529206,73482,50791,904-167,829-121,95097,954161,39824,0204,88821,208203,040
Employee Costs283,271265,82263,24259,37059,89757,395111,562321,070213,960207,705200,444150,850145,391144,679
Number Of Employees44111126444333
EBITDA*146,828159,777107,970257,437102,157113,937-167,396-123,061121,914208,00730,0835,47128,853282,084

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020Apr 2019Apr 2018Apr 2017Apr 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets7261,3761,9762,6613,2521,3621,5201,7302,2352,5082,842
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets7261,3761,9762,6613,2521,3621,5201,7302,2352,5082,842
Stock & work in progress4,5002,7002,7002,7003,7506,40154311,8341,78030,837
Trade Debtors12,32970,55344,02643,645107,501121,094273,261231,256306,071237,132207,318212,931195,591171,856
Group Debtors1,221,434798,084670,250646,271407,419652,807267,297425,838
Misc Debtors13,84015,8579,4308,3358,7919,9171,0142,018
Cash63,96766,560117,49563,84974,4236,39177,33149,263463,755430,618493,682317,353245,507129,006
misc current assets85,376
total current assets1,401,446953,754843,901764,800601,884796,610618,903708,918769,826667,750701,001532,118442,878331,699
total assets1,401,446953,754843,901765,526603,260798,586621,564712,170771,188669,270702,731534,353445,386334,541
Bank overdraft
Bank loan
Trade Creditors 26,93734,27341,53955,700193,386186,576189,846258,678254,714449,573305,215221,136131,499
Group/Directors Accounts154,3969,693135,00031,970
other short term finances
hp & lease commitments
other current liabilities313,156105,247108,530120,111150,418155,565180,287131,764
total current liabilities467,552132,184152,496161,650206,118483,951398,833321,610258,678254,714449,573305,215221,136131,499
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities467,552132,184152,496161,650206,118483,951398,833321,610258,678254,714449,573305,215221,136131,499
net assets933,894821,570691,405603,876397,142314,635222,731390,560512,510414,556253,158229,138224,250203,042
total shareholders funds933,894821,570691,405603,876397,142314,635222,731390,560512,510414,556253,158229,138224,250203,042
May 2023May 2022May 2021May 2020Apr 2019Apr 2018Apr 2017Apr 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit146,828159,777107,970255,158101,557113,252-167,987-123,233121,756207,29729,5785,19828,519281,677
Depreciation2,279600685591172158710505273334407
Amortisation
Tax-37,441-30,533-20,531-48,493-19,353-21,558-26,038-48,210-7,585-1,717-8,248-78,960
Stock1,800-1,050-2,6516,401-543543-1-1,83354-29,05730,837
Debtors363,109160,78825,455174,540-260,107242,246-117,540353,04168,93929,814-5,61317,34023,735171,856
Creditors-26,937-7,336-7,266-14,161-137,6866,810-3,270-68,8323,964-194,859144,35884,07989,637131,499
Accruals and Deferred Income207,909-3,283-11,581-30,307-5,147-24,72248,523131,764
Deferred Taxes & Provisions
Cash flow from operations-74,550-42,16343,137-9,014202,729-174,180-4,060-413,71330,901-64,875174,30270,439115,564131,930
Investing Activities
capital expenditure726-1,629-2,062-500-3,249
Change in Investments
cash flow from investments726-1,629-2,062-500-3,249
Financing Activities
Bank loans
Group/Directors Accounts154,396-9,6939,693-135,000103,03031,970
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue2
interest2,93792091693032091581,2832,2362,3112,0281,407936323
cash flow from financing157,333-8,7739,78469-134,697103,23932,1281,2832,2362,3112,0281,407936325
cash and cash equivalents
cash-2,593-50,93553,646-10,57468,032-70,94028,068-414,49233,137-63,064176,32971,846116,501129,006
overdraft
change in cash-2,593-50,93553,646-10,57468,032-70,94028,068-414,49233,137-63,064176,32971,846116,501129,006

fast technology (london) ltd 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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Fast Technology (london) Ltd Competitor Analysis

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Perform a competitor analysis for fast technology (london) ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in CF23 area or any other competitors across 12 key performance metrics.

fast technology (london) ltd Ownership

FAST TECHNOLOGY (LONDON) LTD group structure

Fast Technology (London) Ltd has no subsidiary companies.

Ultimate parent company

2 parents

FAST TECHNOLOGY (LONDON) LTD

02865689

FAST TECHNOLOGY (LONDON) LTD Shareholders

pinnacle document solutions ltd 100%

fast technology (london) ltd directors

Fast Technology (London) Ltd currently has 3 directors. The longest serving directors include Mr Clive Hamilton (Jan 2016) and Mrs Sharon Yavuz (Mar 2020).

officercountryagestartendrole
Mr Clive Hamilton60 years Jan 2016- Director
Mrs Sharon YavuzEngland58 years Mar 2020- Director
Mrs Michelle NorrisEngland53 years Sep 2023- Director

P&L

May 2023

turnover

170.1k

-33%

operating profit

146.8k

0%

gross margin

25.8%

-1.63%

turnover

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

Balance Sheet

May 2023

net assets

933.9k

+0.14%

total assets

1.4m

+0.47%

cash

64k

-0.04%

net assets

Total assets minus all liabilities

fast technology (london) ltd company details

company number

02865689

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 1993

age

32

incorporated

UK

ultimate parent company

accounts

Audit Exemption Subsidiary

last accounts submitted

May 2023

previous names

fast technology (services) limited (April 1999)

accountant

-

auditor

-

address

vision court caxton place, cardiff, south glamorgan, CF23 8HA

Bank

-

Legal Advisor

-

fast technology (london) ltd 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 6 charges/mortgages relating to fast technology (london) ltd. Currently there are 2 open charges and 4 have been satisfied in the past.

fast technology (london) ltd 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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fast technology (london) ltd Companies House Filings - See Documents

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