Freestock Limited

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freestock limited Company Information

Live

MatureMicroHealthy

Company Number

03589675

Website

www.freestock.co.za

Registered Address

256 albion road, london, N16 9JP

Industry

Artistic creation

Telephone

Next Accounts Due

March 2025

Group Structure

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Directors

Tjinder Nurpuri26 Years

Marie Remy25 Years

Shareholders

tjinder nurpuri 51%

marie remy 49%

freestock limited Estimated Valuation

£400.6k

Pomanda estimates the enterprise value of FREESTOCK LIMITED at £400.6k based on Net Assets of £635.9k and 0.63x industry multiple (adjusted for liquidity).

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Freestock Limited is a live company located in london, N16 9JP with a Companies House number of 03589675. It operates in the artistic creation sector, SIC Code 90030. Founded in June 1998, it's largest shareholder is tjinder nurpuri with a 51% stake. Freestock Limited is a mature, micro sized company, Pomanda has estimated its turnover at £465.9k with healthy growth in recent years.

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Pomanda's financial health check has awarded Freestock Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

2 Weak

Size

annual sales of £465.9k, make it larger than the average company (£284.5k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.1%)

EXPORT

Freestock Limited's latest turnover from June 2023 is estimated at £465.9 thousand and the company has net assets of £635.9 thousand. According to their latest financial statements, Freestock Limited has 2 employees and maintains cash reserves of £342 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	465,866	400,788	621,018	340,406	616,051	374,767	221,333	352,115	277,083	35,229	27,369	187,104	198,997	87,631
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	246,212	183,326	280,933	151,528	261,599	163,353	92,207	165,007	122,488	14,656	11,282	78,589	89,907	35,597
Gross Profit	219,654	217,462	340,085	188,878	354,451	211,414	129,126	187,108	154,594	20,573	16,087	108,515	109,089	52,034
Admin Expenses	87,318	62,509	216,833	138,656	261,971	181,658	128,681	173,420	162,057	-3,756	27,451	110,867	125,124	-170,122
Operating Profit	132,336	154,953	123,252	50,222	92,480	29,756	445	13,688	-7,463	24,329	-11,364	-2,352	-16,035	222,156
Interest Payable	0	1,813	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,873	2,511	246	373	2,010	803	381	725	735	698	578	554	651	380
Pre-Tax Profit	148,209	155,651	121,973	50,595	94,490	30,558	826	14,414	-6,728	25,027	-10,786	-1,798	-15,384	222,536
Tax	-37,052	-29,574	-23,175	-9,613	-17,953	-5,806	-157	-2,883	0	-5,256	0	0	0	-62,310
Profit After Tax	111,157	126,077	98,798	40,982	76,537	24,752	669	11,531	-6,728	19,771	-10,786	-1,798	-15,384	160,226
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	111,157	126,077	98,798	40,982	76,537	24,752	669	11,531	-6,728	19,771	-10,786	-1,798	-15,384	160,226
Employee Costs	53,056	52,208	53,263	50,243	49,323	51,132	51,210	54,667	109,596	28,100	28,023	82,377	78,160	51,210
Number Of Employees	2	2	2	2	2	2	2	2	4	1	1	3	3	2
EBITDA*	141,166	157,422	126,127	52,280	94,557	32,099	3,568	24,804	3,602	34,985	-562	8,063	-5,348	233,174

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	4,278	7,406	8,626	6,175	6,228	7,027	9,370	11,463	18,613	24,675	32,409	38,540	46,645	54,934
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	388,168	388,168	388,168	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
Total Fixed Assets	392,446	395,574	396,794	6,175	6,228	7,027	9,370	11,463	18,613	24,675	32,409	38,540	46,645	54,934
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	34,699	30,837	53,782	27,783	61,911	40,495	21,230	36,487	17,737	191	938	13,584	17,062	4,935
Group Debtors	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
Cash	342,011	292,918	108,778	383,372	362,760	173,222	147,783	156,710	133,400	160,618	118,430	112,954	108,545	151,932
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	376,710	323,755	162,560	411,155	424,671	213,717	169,013	193,197	151,137	160,809	119,368	126,538	125,607	156,867
total assets	769,156	719,329	559,354	417,330	430,899	220,744	178,383	204,660	169,750	185,484	151,777	165,078	172,252	211,801
Bank overdraft	0	0	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
Trade Creditors	86,227	119,784	65,314	89,669	95,117	13,893	7,188	6,179	24,349	33,355	19,419	21,934	27,310	51,475
Group/Directors Accounts	0	0	0	0	0	0	3,622	21,853	0	0	0	0	0	0
other short term finances	0	0	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
other current liabilities	46,092	73,520	43,860	26,813	75,952	23,462	9,972	19,696	0	0	0	0	0	0
total current liabilities	132,319	193,304	159,174	116,482	171,069	37,355	20,782	47,728	24,349	33,355	19,419	21,934	27,310	51,475
loans	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
Accruals and Deferred Income	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
provisions	933	1,278	1,510	976	940	1,036	0	0	0	0	0	0	0	0
total long term liabilities	933	1,278	1,510	976	940	1,036	0	0	0	0	0	0	0	0
total liabilities	133,252	194,582	160,684	117,458	172,009	38,391	20,782	47,728	24,349	33,355	19,419	21,934	27,310	51,475
net assets	635,904	524,747	398,670	299,872	258,890	182,353	157,601	156,932	145,401	152,129	132,358	143,144	144,942	160,326
total shareholders funds	635,904	524,747	398,670	299,872	258,890	182,353	157,601	156,932	145,401	152,129	132,358	143,144	144,942	160,326

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	132,336	154,953	123,252	50,222	92,480	29,756	445	13,688	-7,463	24,329	-11,364	-2,352	-16,035	222,156
Depreciation	8,830	2,469	2,875	2,058	2,077	2,343	3,123	11,116	11,065	10,656	10,802	10,415	10,687	11,018
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-37,052	-29,574	-23,175	-9,613	-17,953	-5,806	-157	-2,883	0	-5,256	0	0	0	-62,310
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	3,862	-22,945	25,999	-34,128	21,416	19,265	-15,257	18,750	17,546	-747	-12,646	-3,478	12,127	4,935
Creditors	-33,557	54,470	-24,355	-5,448	81,224	6,705	1,009	-18,170	-9,006	13,936	-2,515	-5,376	-24,165	51,475
Accruals and Deferred Income	-27,428	29,660	17,047	-49,139	52,490	13,490	-9,724	19,696	0	0	0	0	0	0
Deferred Taxes & Provisions	-345	-232	534	36	-96	1,036	0	0	0	0	0	0	0	0
Cash flow from operations	38,922	234,691	70,179	22,244	188,806	28,259	9,953	4,697	-22,950	44,412	9,569	6,165	-41,640	217,404
Investing Activities
capital expenditure	-5,702	-1,249	-5,326	-2,005	-1,278	0	-1,030	-3,966	-5,003	-2,922	-4,671	-2,310	-2,398	-65,952
Change in Investments	0	0	388,168	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,702	-1,249	-393,494	-2,005	-1,278	0	-1,030	-3,966	-5,003	-2,922	-4,671	-2,310	-2,398	-65,952
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-3,622	-18,231	21,853	0	0	0	0	0	0
Other Short Term Loans	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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
other long term liabilities	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	100
interest	15,873	698	-1,279	373	2,010	803	381	725	735	698	578	554	651	380
cash flow from financing	15,873	-49,302	48,721	373	2,010	-2,819	-17,850	22,578	735	698	578	554	651	480
cash and cash equivalents
cash	49,093	184,140	-274,594	20,612	189,538	25,439	-8,927	23,310	-27,218	42,188	5,476	4,409	-43,387	151,932
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	49,093	184,140	-274,594	20,612	189,538	25,439	-8,927	23,310	-27,218	42,188	5,476	4,409	-43,387	151,932

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for freestock limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.

FREESTOCK LIMITED group structure

Freestock Limited has no subsidiary companies.

Ultimate parent company

FREESTOCK LIMITED

03589675

FREESTOCK LIMITED Shareholders

tjinder nurpuri	51%
marie remy	49%

Freestock Limited currently has 2 directors. The longest serving directors include Tjinder Nurpuri (Jul 1998) and Ms Marie Remy (Jan 1999).

officer	country	age	start	end	role
Tjinder Nurpuri		56 years	Jul 1998	-	Director
Ms Marie Remy		54 years	Jan 1999	-	Director

P&L

June 2023

turnover

465.9k

+16%

operating profit

132.3k

gross margin

47.2%

-13.1%

turnover

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

Balance Sheet

June 2023

net assets

635.9k

+0.21%

total assets

769.2k

+0.07%

cash

342k

+0.17%

net assets

Total assets minus all liabilities

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3.5

3.5

company number

03589675

Type

Private limited with Share Capital

industry

90030 - Artistic creation

incorporation date

June 1998

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

June 2023

address

256 albion road, london, N16 9JP

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 freestock limited.

freestock limited Company Information

freestock limited Estimated Valuation

freestock limited Estimated Valuation

freestock limited Estimated Valuation

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