fasttrax limited

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fasttrax limited Company Information

Share FASTTRAX LIMITED

Company Number

03565430

Shareholders

fasttrax holdings ltd

Group Structure

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Industry

Maintenance and repair of motor vehicles

 +1

Registered Address

hill park court, springfield drive, leatherhead, surrey, KT22 7NL

fasttrax limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of FASTTRAX LIMITED at £2.2m based on a Turnover of £14.6m and 0.15x industry multiple (adjusted for size and gross margin).

fasttrax limited Estimated Valuation

£4m

Pomanda estimates the enterprise value of FASTTRAX LIMITED at £4m based on an EBITDA of £2.3m and a 1.76x industry multiple (adjusted for size and gross margin).

fasttrax limited Estimated Valuation

£8.6m

Pomanda estimates the enterprise value of FASTTRAX LIMITED at £8.6m based on Net Assets of £3.2m and 2.65x industry multiple (adjusted for liquidity).

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Fasttrax Limited Overview

Fasttrax Limited is a live company located in leatherhead, KT22 7NL with a Companies House number of 03565430. It operates in the manufacture of bodies (coachwork) for motor vehicles (except caravans) sector, SIC Code 29201. Founded in May 1998, it's largest shareholder is fasttrax holdings ltd with a 100% stake. Fasttrax Limited is a mature, mid sized company, Pomanda has estimated its turnover at £14.6m with declining growth in recent years.

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Fasttrax Limited Health Check

Pomanda's financial health check has awarded Fasttrax Limited a 4 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 Rating4out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £14.6m, make it larger than the average company (£10.2m)

£14.6m - Fasttrax Limited

£10.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (9.2%)

-19% - Fasttrax Limited

9.2% - Industry AVG

production

Production

with a gross margin of -6.9%, this company has a higher cost of product (26.5%)

-6.9% - Fasttrax Limited

26.5% - Industry AVG

profitability

Profitability

an operating margin of -11.2% make it less profitable than the average company (4.6%)

-11.2% - Fasttrax Limited

4.6% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (55)

1 - Fasttrax Limited

55 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.7k, the company has an equivalent pay structure (£34.7k)

£34.7k - Fasttrax Limited

£34.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £14.6m, this is more efficient (£147.4k)

£14.6m - Fasttrax Limited

£147.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Fasttrax Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Fasttrax Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fasttrax Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 29 weeks, this is more cash available to meet short term requirements (10 weeks)

29 weeks - Fasttrax Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.2%, this is a lower level of debt than the average (63.5%)

49.2% - Fasttrax Limited

63.5% - Industry AVG

FASTTRAX LIMITED financials

EXPORTms excel logo

Fasttrax Limited's latest turnover from December 2023 is £14.6 million and the company has net assets of £3.2 million. According to their latest financial statements, Fasttrax Limited has 1 employee and maintains cash reserves of £1.6 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover14,631,00012,795,00017,350,00027,301,00023,424,00022,639,00024,166,00021,731,00021,326,00020,975,00020,693,00020,484,00018,844,00020,215,00017,721,000
Other Income Or Grants000000000000000
Cost Of Sales15,644,00014,140,00018,684,00021,734,00015,803,00015,230,00016,874,00015,063,00014,563,00014,326,00013,027,00012,084,00010,889,00012,690,00010,446,000
Gross Profit-1,013,000-1,345,000-1,334,0005,567,0007,621,0007,409,0007,292,0006,668,0006,763,0006,649,0007,666,0008,400,0007,955,0007,525,0007,275,000
Admin Expenses623,000543,000519,000516,000516,000530,000521,000521,000524,000554,0001,724,0001,689,0001,663,0001,678,0001,657,000
Operating Profit-1,636,000-1,888,000-1,853,0005,051,0007,105,0006,879,0006,771,0006,147,0006,239,0006,095,0005,942,0006,711,0006,292,0005,847,0005,618,000
Interest Payable246,000338,000510,0001,076,0001,740,0002,330,0002,725,0002,675,0002,943,0003,840,0004,582,0005,072,0006,016,0004,624,0004,718,000
Interest Receivable123,00029,000040,000100,00066,00021,00051,00054,00047,00047,00077,00085,00038,000105,000
Pre-Tax Profit-1,759,000-2,197,000-2,363,0004,015,0005,465,0004,615,0004,040,0003,523,0003,350,0002,302,0001,407,0001,716,000361,0001,261,0001,005,000
Tax445,000551,000277,000-891,000-1,025,000-780,000-705,000-711,000-676,000-471,000-351,000-521,000-186,000-361,000-298,000
Profit After Tax-1,314,000-1,646,000-2,086,0003,124,0004,440,0003,835,0003,335,0002,812,0002,674,0001,831,0001,056,0001,195,000175,000900,000707,000
Dividends Paid-3,864,000865,0007,200,00000001,000,0000000000
Retained Profit2,550,000-2,511,000-9,286,0003,124,0004,440,0003,835,0003,335,0001,812,0002,674,0001,831,0001,056,0001,195,000175,000900,000707,000
Employee Costs34,710127,9110000000000000
Number Of Employees1415324220019044416317151682010
EBITDA*2,285,0002,030,0002,065,0008,969,00011,023,00010,797,00010,689,00010,065,00010,157,00010,013,0009,860,00010,629,00010,210,0009,765,0009,538,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,960,0005,881,0009,799,00013,717,00017,635,00021,553,00025,471,00029,389,00033,307,00037,225,00041,143,00045,061,00048,979,00052,897,00056,845,000
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)526,00014,00044,00073,000103,000133,000162,000192,000221,000251,000412,000793,0001,004,0001,190,0001,551,000
Total Fixed Assets2,486,0005,895,0009,843,00013,790,00017,738,00021,686,00025,633,00029,581,00033,528,00037,476,00041,555,00045,854,00049,983,00054,087,00058,396,000
Stock & work in progress000000000000000
Trade Debtors000002,382,0004,626,0002,287,0002,952,0002,228,00001,791,000000
Group Debtors000000000000000
Misc Debtors2,332,0003,483,0002,980,0003,558,0003,343,000147,000153,000158,000153,000150,0002,040,0002,080,0002,243,0002,351,0002,399,000
Cash1,574,0002,790,0002,734,00014,657,00016,217,00015,948,00014,300,00015,348,00015,202,00015,322,00014,592,00014,447,00015,633,00014,856,00014,758,000
misc current assets00045,00000000000000
total current assets3,906,0006,273,0005,714,00018,260,00019,560,00018,477,00019,079,00017,793,00018,307,00017,700,00016,632,00018,318,00017,876,00017,207,00017,157,000
total assets6,392,00012,168,00015,557,00032,050,00037,298,00040,163,00044,712,00047,374,00051,835,00055,176,00058,187,00064,172,00067,859,00071,294,00075,553,000
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 06,00014,00010,0009,0009,00000016,00019,0002,000242,000126,000608,000
Group/Directors Accounts2,683,0002,233,0001,993,000000000000000
other short term finances0001,256,000798,0008,851,000577,000479,000475,0006,621,0006,012,0006,562,0006,229,0005,788,0005,489,000
hp & lease commitments000000000000000
other current liabilities70,000142,000116,0007,274,00011,358,0001,869,00010,697,0009,331,0009,223,0002,067,0002,271,0002,082,0002,038,0002,298,0002,432,000
total current liabilities2,753,0002,381,0002,123,0008,540,00012,165,00010,729,00011,274,0009,810,0009,698,0008,704,0008,302,0008,646,0008,509,0008,212,0008,529,000
loans394,0001,256,0001,812,0002,418,0007,000,00015,509,00023,124,00030,496,00037,459,00043,980,00049,563,00056,260,00061,279,00065,186,00070,028,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions0108,000688,000872,0001,037,0001,269,0001,493,0001,582,0001,004,000339,00000000
total long term liabilities394,0001,364,0002,500,0003,290,0008,037,00016,778,00024,617,00032,078,00038,463,00044,319,00049,563,00056,260,00061,279,00065,186,00070,028,000
total liabilities3,147,0003,745,0004,623,00011,830,00020,202,00027,507,00035,891,00041,888,00048,161,00053,023,00057,865,00064,906,00069,788,00073,398,00078,557,000
net assets3,245,0008,423,00010,934,00020,220,00017,096,00012,656,0008,821,0005,486,0003,674,0002,153,000322,000-734,000-1,929,000-2,104,000-3,004,000
total shareholders funds3,245,0008,423,00010,934,00020,220,00017,096,00012,656,0008,821,0005,486,0003,674,0002,153,000322,000-734,000-1,929,000-2,104,000-3,004,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-1,636,000-1,888,000-1,853,0005,051,0007,105,0006,879,0006,771,0006,147,0006,239,0006,095,0005,942,0006,711,0006,292,0005,847,0005,618,000
Depreciation3,921,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,918,0003,920,000
Amortisation000000000000000
Tax445,000551,000277,000-891,000-1,025,000-780,000-705,000-711,000-676,000-471,000-351,000-521,000-186,000-361,000-298,000
Stock000000000000000
Debtors-639,000473,000-607,000185,000784,000-2,279,0002,304,000-689,000697,000177,000-2,212,0001,417,000-294,000-409,0003,950,000
Creditors-6,000-8,0004,0001,00009,00000-16,000-3,00017,000-240,000116,000-482,000608,000
Accruals and Deferred Income-72,00026,000-7,158,000-4,084,0009,489,000-8,828,0001,366,000108,0007,156,000-204,000189,00044,000-260,000-134,0002,432,000
Deferred Taxes & Provisions-108,000-580,000-184,000-165,000-232,000-224,000-89,000578,000665,000339,00000000
Cash flow from operations3,183,0001,546,000-4,389,0003,645,00018,471,0003,253,0008,957,00010,729,00016,589,0009,497,00011,927,0008,495,00010,174,0009,197,0008,330,000
Investing Activities
capital expenditure000000000000000
Change in Investments000000000000000
cash flow from investments000000000000000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts450,000240,0001,993,000000000000000
Other Short Term Loans 00-1,256,000458,000-8,053,0008,274,00098,0004,000-6,146,000609,000-550,000333,000441,000299,0005,489,000
Long term loans-862,000-556,000-606,000-4,582,000-8,509,000-7,615,000-7,372,000-6,963,000-6,521,000-5,583,000-6,697,000-5,019,000-3,907,000-4,842,00070,028,000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-7,728,0000000000-1,153,00000000-3,711,000
interest-123,000-309,000-510,000-1,036,000-1,640,000-2,264,000-2,704,000-2,624,000-2,889,000-3,793,000-4,535,000-4,995,000-5,931,000-4,586,000-4,613,000
cash flow from financing-8,263,000-625,000-379,000-5,160,000-18,202,000-1,605,000-9,978,000-9,583,000-16,709,000-8,767,000-11,782,000-9,681,000-9,397,000-9,129,00067,193,000
cash and cash equivalents
cash-1,216,00056,000-11,923,000-1,560,000269,0001,648,000-1,048,000146,000-120,000730,000145,000-1,186,000777,00098,00014,758,000
overdraft000000000000000
change in cash-1,216,00056,000-11,923,000-1,560,000269,0001,648,000-1,048,000146,000-120,000730,000145,000-1,186,000777,00098,00014,758,000

fasttrax 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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Fasttrax Limited Competitor Analysis

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Perform a competitor analysis for fasttrax limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in KT22 area or any other competitors across 12 key performance metrics.

fasttrax limited Ownership

FASTTRAX LIMITED group structure

Fasttrax Limited has no subsidiary companies.

Ultimate parent company

KBR INC

#0063227

2 parents

FASTTRAX LIMITED

03565430

FASTTRAX LIMITED Shareholders

fasttrax holdings ltd 100%

fasttrax limited directors

Fasttrax Limited currently has 4 directors. The longest serving directors include Mr James Barrett (Nov 2019) and Mr Andrew Goodwin (Aug 2020).

officercountryagestartendrole
Mr James Barrett59 years Nov 2019- Director
Mr Andrew GoodwinUnited Kingdom40 years Aug 2020- Director
Mr Peter MeffanUnited Kingdom61 years Nov 2021- Director
Mr Barry Donohoe52 years Jan 2025- Director

P&L

December 2023

turnover

14.6m

+14%

operating profit

-1.6m

-13%

gross margin

-6.9%

-34.14%

turnover

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

Balance Sheet

December 2023

net assets

3.2m

-0.61%

total assets

6.4m

-0.47%

cash

1.6m

-0.44%

net assets

Total assets minus all liabilities

fasttrax limited company details

company number

03565430

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

29201 - Manufacture of bodies (coachwork) for motor vehicles (except caravans)

incorporation date

May 1998

age

27

incorporated

UK

ultimate parent company

KBR INC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

GRANT THORNTON

address

hill park court, springfield drive, leatherhead, surrey, KT22 7NL

Bank

-

Legal Advisor

-

fasttrax 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 27 charges/mortgages relating to fasttrax limited. Currently there are 27 open charges and 0 have been satisfied in the past.

fasttrax 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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fasttrax limited Companies House Filings - See Documents

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