fastgrand ltd

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fastgrand ltd Company Information

Share FASTGRAND LTD

Company Number

03554565

Shareholders

benny hoffman

anna deutsch

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Group Structure

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Industry

Other business support service activities n.e.c.

 

Registered Address

140 high road, london, N15 6JN

fastgrand ltd Estimated Valuation

£7.6m

Pomanda estimates the enterprise value of FASTGRAND LTD at £7.6m based on a Turnover of £11m and 0.69x industry multiple (adjusted for size and gross margin).

fastgrand ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of FASTGRAND LTD at £0 based on an EBITDA of £-13k and a 5.07x industry multiple (adjusted for size and gross margin).

fastgrand ltd Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of FASTGRAND LTD at £2.2m based on Net Assets of £1.1m and 2.13x industry multiple (adjusted for liquidity).

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Fastgrand Ltd Overview

Fastgrand Ltd is a live company located in london, N15 6JN with a Companies House number of 03554565. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 1998, it's largest shareholder is benny hoffman with a 25% stake. Fastgrand Ltd is a mature, mid sized company, Pomanda has estimated its turnover at £11m with declining growth in recent years.

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Fastgrand Ltd Health Check

Pomanda's financial health check has awarded Fastgrand Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £11m, make it larger than the average company (£4m)

£11m - Fastgrand Ltd

£4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8%)

-1% - Fastgrand Ltd

8% - Industry AVG

production

Production

with a gross margin of 38.3%, this company has a comparable cost of product (38.3%)

38.3% - Fastgrand Ltd

38.3% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (5.7%)

-0.2% - Fastgrand Ltd

5.7% - Industry AVG

employees

Employees

with 37 employees, this is above the industry average (24)

37 - Fastgrand Ltd

24 - Industry AVG

paystructure

Pay Structure

on an average salary of £49.6k, the company has an equivalent pay structure (£49.6k)

£49.6k - Fastgrand Ltd

£49.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £298.3k, this is more efficient (£154.1k)

£298.3k - Fastgrand Ltd

£154.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 60 days, this is later than average (39 days)

60 days - Fastgrand Ltd

39 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 66 days, this is slower than average (33 days)

66 days - Fastgrand Ltd

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fastgrand Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 21 weeks, this is average cash available to meet short term requirements (24 weeks)

21 weeks - Fastgrand Ltd

24 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 57.5%, this is a similar level of debt than the average (60.4%)

57.5% - Fastgrand Ltd

60.4% - Industry AVG

FASTGRAND LTD financials

EXPORTms excel logo

Fastgrand Ltd's latest turnover from January 2024 is estimated at £11 million and the company has net assets of £1.1 million. According to their latest financial statements, Fastgrand Ltd has 37 employees and maintains cash reserves of £517.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Turnover11,038,1899,402,8216,269,51511,354,060780,188522,0188,157,5523,754,355895,151553,444416,28371,46840,10835,75624,930
Other Income Or Grants
Cost Of Sales6,812,7125,768,6583,905,2757,134,368484,989325,9475,079,9642,291,209560,601351,660268,01345,97225,09421,69614,828
Gross Profit4,225,4773,634,1632,364,2404,219,692295,199196,0713,077,5881,463,146334,550201,784148,27025,49515,01414,06010,102
Admin Expenses4,248,2363,119,0972,127,1653,975,087151,517207,3593,105,0231,359,456259,941120,917143,36433,74111,52315,714-598
Operating Profit-22,759515,066237,075244,605143,682-11,288-27,435103,69074,60980,8674,906-8,2463,491-1,65410,700
Interest Payable24,04322,7329,1771,525
Interest Receivable18,8638,6079513881,5461,299785261514517357171
Pre-Tax Profit-27,939500,941228,848243,468145,228-9,989-26,650103,95175,12381,3845,262-8,2293,492-1,65410,700
Tax-95,179-43,481-46,259-27,593-20,790-15,024-16,277-1,105-838-2,996
Profit After Tax-27,939405,762185,367197,209117,635-9,989-26,65083,16160,09865,1074,157-8,2292,654-1,6547,704
Dividends Paid
Retained Profit-27,939405,762185,367197,209117,635-9,989-26,65083,16160,09865,1074,157-8,2292,654-1,6547,704
Employee Costs1,836,507663,846631,359597,989590,356163,38477,272460,941267,008190,517152,84437,28137,23336,36135,801
Number Of Employees371414141442127541111
EBITDA*-12,965517,112239,803248,623147,109-8,556-23,548108,64776,26083,2047,110555,953-9012,178

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Tangible Assets125,15539,14315,46818,19614,92013,63310,47612,8538,1588,4428,81911,02315,81012,38112,010
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets125,15539,14315,46818,19614,92013,63310,47612,8538,1588,4428,81911,02315,81012,38112,010
Stock & work in progress
Trade Debtors1,837,7522,007,8841,310,2001,959,62449,70263,4521,531,699667,888108,86466,2672,2212,2212,2212,2211,500
Group Debtors
Misc Debtors1,903,0291,597,566
Cash517,310201,266290,538469,944305,332107,040239,39774,420134,69170,831135,8876,71219557128
misc current assets1,7341,7341,7341,7341,7341,734
total current assets2,355,0622,209,1501,600,7382,429,5682,258,0631,768,0581,771,096742,308243,555138,832139,84210,6674,1504,0123,362
total assets2,480,2172,248,2931,616,2062,447,7642,272,9831,781,6911,781,572755,161251,713147,274148,66121,69019,96016,39315,372
Bank overdraft
Bank loan
Trade Creditors 1,233,288931,056695,9641,906,5575,0701,595,220542,159121,87477,534144,02821,21411,25510,3427,667
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities1,973,9151,605,328
total current liabilities1,233,288931,056695,9641,906,5571,978,9851,605,3281,595,220542,159121,87477,534144,02821,21411,25510,3427,667
loans192,532234,901243,66850,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities192,532234,901243,66850,000
total liabilities1,425,8201,165,957939,6321,956,5571,978,9851,605,3281,595,220542,159121,87477,534144,02821,21411,25510,3427,667
net assets1,054,3971,082,336676,574491,207293,998176,363186,352213,002129,83969,7404,6334768,7056,0517,705
total shareholders funds1,054,3971,082,336676,574491,207293,998176,363186,352213,002129,83969,7404,6334768,7056,0517,705
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011Apr 2010
Operating Activities
Operating Profit-22,759515,066237,075244,605143,682-11,288-27,435103,69074,60980,8674,906-8,2463,491-1,65410,700
Depreciation9,7942,0462,7284,0183,4272,7323,8874,9571,6512,3372,2048,3012,4621,5641,478
Amortisation
Tax-95,179-43,481-46,259-27,593-20,790-15,024-16,277-1,105-838-2,996
Stock
Debtors-170,132697,684-649,4246,893291,713129,319863,811559,02442,59764,0467211,500
Creditors302,232235,092-1,210,5931,901,4875,070-1,595,2201,053,061420,28544,340-66,494122,8149,9599132,6757,667
Accruals and Deferred Income-1,973,915368,5871,605,328
Deferred Taxes & Provisions
Cash flow from operations459,399-40,659-364,847123,043201,460-127,767165,702-50,88262,979-63,613128,81910,0146,0281,86415,349
Investing Activities
capital expenditure-95,806-25,721-7,294-4,714-5,889-1,510-9,652-1,367-1,960-3,514-5,891-1,935-13,488
Change in Investments
cash flow from investments-95,806-25,721-7,294-4,714-5,889-1,510-9,652-1,367-1,960-3,514-5,891-1,935-13,488
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-42,369-8,767193,66850,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue211
interest-5,180-14,125-8,226-1,1371,5461,299785261514517357171
cash flow from financing-47,549-22,892185,44248,8631,5461,2997852635155173571711
cash and cash equivalents
cash316,044-89,272-179,406164,612198,292-132,357164,977-60,27163,860-65,056129,1756,517138-71128
overdraft
change in cash316,044-89,272-179,406164,612198,292-132,357164,977-60,27163,860-65,056129,1756,517138-71128

fastgrand 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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Fastgrand Ltd Competitor Analysis

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Perform a competitor analysis for fastgrand ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other mid companies, companies in N15 area or any other competitors across 12 key performance metrics.

fastgrand ltd Ownership

FASTGRAND LTD group structure

Fastgrand Ltd has no subsidiary companies.

Ultimate parent company

FASTGRAND LTD

03554565

FASTGRAND LTD Shareholders

benny hoffman 25%
anna deutsch 25%
yoel deutsch 25%
rachel hoffman 25%

fastgrand ltd directors

Fastgrand Ltd currently has 2 directors. The longest serving directors include Mr Yoel Deutsch (May 2016) and Mr Benny Hoffman (May 2016).

officercountryagestartendrole
Mr Yoel DeutschEngland42 years May 2016- Director
Mr Benny HoffmanEngland40 years May 2016- Director

P&L

January 2024

turnover

11m

+17%

operating profit

-22.8k

0%

gross margin

38.3%

-0.96%

turnover

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

Balance Sheet

January 2024

net assets

1.1m

-0.03%

total assets

2.5m

+0.1%

cash

517.3k

+1.57%

net assets

Total assets minus all liabilities

fastgrand ltd company details

company number

03554565

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

April 1998

age

27

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

140 high road, london, N15 6JN

Bank

-

Legal Advisor

-

fastgrand 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 did not find charges/mortgages relating to fastgrand ltd.

fastgrand 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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fastgrand ltd Companies House Filings - See Documents

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