fairstone wealth management limited
fairstone wealth management limited Company Information
Company Number
03593750
Website
https://www.fairstone.co.uk/Registered Address
8 camberwell way, doxford international business p, sunderland, SR3 3XN
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
fairstone holdings ltd 100%
fairstone wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRSTONE WEALTH MANAGEMENT LIMITED at £24m based on a Turnover of £24.6m and 0.97x industry multiple (adjusted for size and gross margin).
fairstone wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRSTONE WEALTH MANAGEMENT LIMITED at £24.6m based on an EBITDA of £3.2m and a 7.81x industry multiple (adjusted for size and gross margin).
fairstone wealth management limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRSTONE WEALTH MANAGEMENT LIMITED at £13.2m based on Net Assets of £5.1m and 2.57x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fairstone Wealth Management Limited Overview
Fairstone Wealth Management Limited is a live company located in sunderland, SR3 3XN with a Companies House number of 03593750. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 1998, it's largest shareholder is fairstone holdings ltd with a 100% stake. Fairstone Wealth Management Limited is a mature, large sized company, Pomanda has estimated its turnover at £24.6m with rapid growth in recent years.
Upgrade for unlimited company reports & a free credit check
Fairstone Wealth Management Limited Health Check
Pomanda's financial health check has awarded Fairstone Wealth Management 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
7 Strong
2 Regular
2 Weak
Size
annual sales of £24.6m, make it larger than the average company (£3.8m)
£24.6m - Fairstone Wealth Management Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (3%)
46% - Fairstone Wealth Management Limited
3% - Industry AVG
Production
with a gross margin of 40.6%, this company has a comparable cost of product (38.8%)
40.6% - Fairstone Wealth Management Limited
38.8% - Industry AVG
Profitability
an operating margin of 12.6% make it more profitable than the average company (6.3%)
12.6% - Fairstone Wealth Management Limited
6.3% - Industry AVG
Employees
with 158 employees, this is above the industry average (25)
158 - Fairstone Wealth Management Limited
25 - Industry AVG
Pay Structure
on an average salary of £61.6k, the company has a higher pay structure (£50.6k)
£61.6k - Fairstone Wealth Management Limited
£50.6k - Industry AVG
Efficiency
resulting in sales per employee of £155.6k, this is equally as efficient (£157.6k)
£155.6k - Fairstone Wealth Management Limited
£157.6k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (44 days)
2 days - Fairstone Wealth Management Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (33 days)
0 days - Fairstone Wealth Management Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fairstone Wealth Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 81 weeks, this is more cash available to meet short term requirements (24 weeks)
81 weeks - Fairstone Wealth Management Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21%, this is a lower level of debt than the average (63.6%)
21% - Fairstone Wealth Management Limited
63.6% - Industry AVG
FAIRSTONE WEALTH MANAGEMENT LIMITED financials
Fairstone Wealth Management Limited's latest turnover from December 2022 is £24.6 million and the company has net assets of £5.1 million. According to their latest financial statements, Fairstone Wealth Management Limited has 158 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 24,587,174 | 15,023,071 | 8,056,733 | 7,827,968 | 7,967,004 | 7,936,405 | 6,452,524 | 5,054,907 | 4,644,954 | 4,899,178 | 3,516,940 | 4,967,480 | 3,491,203 | -50,886 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 14,607,601 | 9,533,350 | 6,063,811 | 6,040,688 | 6,042,958 | 6,138,995 | 5,044,582 | 3,713,892 | 3,294,768 | 3,570,476 | 2,365,230 | 3,002,431 | 2,012,866 | 90,054 |
| Gross Profit | 9,979,573 | 5,489,721 | 1,992,922 | 1,787,280 | 1,924,046 | 1,797,410 | 1,407,942 | 1,341,015 | 1,350,186 | 1,328,702 | 1,151,710 | 1,965,049 | 1,478,337 | -140,940 |
| Admin Expenses | 6,888,590 | 4,425,973 | 1,665,507 | 1,584,574 | 1,707,699 | 1,610,196 | 1,316,327 | 1,158,953 | 1,099,851 | 1,095,690 | 1,150,130 | 1,854,342 | 1,188,333 | |
| Operating Profit | 3,090,983 | 1,063,748 | 327,415 | 202,706 | 216,347 | 187,214 | 91,615 | 182,062 | 250,335 | 233,012 | 1,580 | 110,707 | 290,004 | |
| Interest Payable | 0 | 4,934 | 19,169 | 49,251 | 500 | 43,171 | 104 | 0 | 0 | 0 | 0 | 0 | 1,429 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,903 | 16,057 | 0 |
| Pre-Tax Profit | 3,090,983 | 1,058,814 | 308,246 | 153,455 | 215,847 | 144,043 | 91,511 | 182,062 | 250,335 | 233,012 | 1,580 | 120,610 | 304,632 | -140,940 |
| Tax | -579,076 | -182,774 | -7,966 | -3,702 | 545 | 1,927 | 0 | 225 | 1,723 | 3,005 | 1,284 | 5,352 | -71,991 | -6,524 |
| Profit After Tax | 2,511,907 | 876,040 | 300,280 | 149,753 | 216,392 | 145,970 | 91,511 | 182,287 | 252,058 | 236,017 | 2,864 | 125,962 | 232,641 | -147,464 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 405,000 | 0 | 0 |
| Retained Profit | 2,511,907 | 876,040 | 300,280 | 149,753 | 216,392 | 145,970 | 91,511 | 182,287 | 252,058 | 236,017 | 2,864 | -279,038 | 232,641 | -147,464 |
| Employee Costs | 9,727,400 | 3,582,649 | 1,012,311 | 898,435 | 893,356 | 827,078 | 681,518 | 587,235 | 696,498 | 857,223 | 873,358 | 1,044,316 | 700,592 | |
| Number Of Employees | 158 | 45 | 20 | 20 | 20 | 18 | 18 | 16 | 15 | 18 | 25 | 23 | 21 | |
| EBITDA* | 3,155,651 | 1,312,034 | 684,681 | 558,532 | 237,105 | 207,920 | 114,325 | 218,421 | 281,729 | 249,064 | 25,007 | 136,101 | 298,871 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 310,547 | 182,289 | 288,105 | 638,230 | 63,697 | 76,655 | 96,740 | 18,337 | 54,535 | 19,916 | 33,094 | 50,636 | 36,976 | 33,738 |
| Intangible Assets | 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 | 1 | 1 | 4 | 4 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 310,547 | 182,289 | 288,105 | 638,230 | 63,697 | 76,655 | 96,740 | 18,337 | 54,535 | 19,916 | 33,094 | 50,636 | 36,976 | 33,739 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 166,470 | 167,616 | 145,962 | 283,590 | 138,987 | 177,928 | 192,647 | 844,342 | 256,150 | 321,006 | 650,382 | 1,261,349 | 940,750 | 947,682 |
| Group Debtors | 3,140,938 | 2,261,827 | 2,025,457 | 1,718,940 | 54,339 | 513,707 | 861,503 | 808,117 | 637,544 | 593,962 | 563,011 | 96,771 | 0 | 0 |
| Misc Debtors | 719,056 | 684,609 | 283,624 | 86,174 | 451,679 | 63,819 | 281,312 | 253,405 | 142,495 | 168,415 | 88,815 | 118,811 | 88,321 | 0 |
| Cash | 2,131,788 | 841,373 | 202,745 | 321,442 | 1,658,801 | 999,082 | 434,810 | 166,294 | 203,390 | 212,164 | 147,273 | 405,450 | 904,845 | 638,086 |
| misc current assets | 0 | 0 | 9,907 | 17,873 | 2,472 | 1,927 | 0 | 0 | 0 | 0 | 0 | 28,718 | 0 | 0 |
| total current assets | 6,158,252 | 3,955,425 | 2,667,695 | 2,428,019 | 2,306,278 | 1,756,463 | 1,770,272 | 2,072,158 | 1,239,579 | 1,295,547 | 1,449,481 | 1,911,099 | 1,933,916 | 1,585,768 |
| total assets | 6,468,799 | 4,137,714 | 2,955,800 | 3,066,249 | 2,369,975 | 1,833,118 | 1,867,012 | 2,090,495 | 1,294,114 | 1,315,463 | 1,482,575 | 1,961,735 | 1,970,892 | 1,619,507 |
| 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 | 33,054 | 91,677 | 221,945 | 420,788 | 365,959 | 329,430 | 512,244 | 865,486 | 323,798 | 557,449 | 1,169,701 | 1,547,354 | 1,276,458 | 1,259,604 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 234,820 | 340,839 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,326,597 | 1,448,796 | 777,834 | 554,445 | 674,741 | 390,805 | 409,236 | 370,988 | 298,357 | 336,390 | 60,777 | 177,349 | 179,530 | 0 |
| total current liabilities | 1,359,651 | 1,540,473 | 1,234,599 | 1,316,072 | 1,040,700 | 720,235 | 921,480 | 1,236,474 | 622,155 | 893,839 | 1,230,478 | 1,724,703 | 1,455,988 | 1,259,604 |
| loans | 0 | 0 | 0 | 469,616 | 0 | 0 | 0 | 0 | 0 | 0 | 63,485 | 50,000 | 50,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 234,808 | 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 | 0 | 0 | 0 | 188,896 | 0 | 0 | 0 | 0 | 450 | 3,896 | 9,906 | 12,474 | 10,142 | 0 |
| total long term liabilities | 0 | 0 | 0 | 329,256 | 0 | 0 | 0 | 0 | 225 | 1,948 | 68,438 | 56,237 | 55,071 | 0 |
| total liabilities | 1,359,651 | 1,540,473 | 1,234,599 | 1,645,328 | 1,040,700 | 720,235 | 921,480 | 1,236,474 | 622,380 | 895,787 | 1,298,916 | 1,780,940 | 1,511,059 | 1,259,604 |
| net assets | 5,109,148 | 2,597,241 | 1,721,201 | 1,420,921 | 1,329,275 | 1,112,883 | 945,532 | 854,021 | 671,734 | 419,676 | 183,659 | 180,795 | 459,833 | 359,903 |
| total shareholders funds | 5,109,148 | 2,597,241 | 1,721,201 | 1,420,921 | 1,329,275 | 1,112,883 | 945,532 | 854,021 | 671,734 | 419,676 | 183,659 | 180,795 | 459,833 | 359,903 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,090,983 | 1,063,748 | 327,415 | 202,706 | 216,347 | 187,214 | 91,615 | 182,062 | 250,335 | 233,012 | 1,580 | 110,707 | 290,004 | |
| Depreciation | 64,668 | 248,286 | 357,266 | 355,826 | 20,758 | 20,706 | 22,710 | 36,359 | 31,394 | 16,052 | 23,427 | 25,394 | 8,867 | 13,064 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -579,076 | -182,774 | -7,966 | -3,702 | 545 | 1,927 | 0 | 225 | 1,723 | 3,005 | 1,284 | 5,352 | -71,991 | -6,524 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 912,412 | 659,009 | 366,339 | 1,443,699 | -110,449 | -580,008 | -570,402 | 869,675 | -47,194 | -218,825 | -174,723 | 447,860 | 81,389 | 947,682 |
| Creditors | -58,623 | -130,268 | -198,843 | 54,829 | 36,529 | -182,814 | -353,242 | 541,688 | -233,651 | -612,252 | -377,653 | 270,896 | 16,854 | 1,259,604 |
| Accruals and Deferred Income | -122,199 | 670,962 | 223,389 | -120,296 | 283,936 | -18,431 | 38,248 | 72,631 | -38,033 | 275,613 | -116,572 | -2,181 | 179,530 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -188,896 | 188,896 | 0 | 0 | 0 | -450 | -3,446 | -6,010 | -2,568 | 2,332 | 10,142 | 0 |
| Cash flow from operations | 1,483,341 | 1,010,945 | 146,026 | -765,440 | 668,564 | 588,610 | 369,733 | -37,160 | 55,516 | 128,245 | -295,779 | -35,360 | 352,017 | |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | -3 | 0 | 3 | 1 |
| cash flow from investments | ||||||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -469,616 | 469,616 | 0 | 0 | 0 | 0 | 0 | -63,485 | 13,485 | 0 | 50,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | -234,820 | -340,827 | 575,647 | 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 | ||||||||||||||
| interest | 0 | -4,934 | -19,169 | -49,251 | -500 | -43,171 | -104 | 0 | 0 | 0 | 0 | 9,903 | 14,628 | 0 |
| cash flow from financing | 0 | -239,754 | -829,612 | 937,905 | -500 | -21,790 | -104 | 0 | 0 | -63,485 | 13,485 | 9,903 | -68,083 | 507,367 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,290,415 | 638,628 | -118,697 | -1,337,359 | 659,719 | 564,272 | 268,516 | -37,096 | -8,774 | 64,891 | -258,177 | -499,395 | 266,759 | 638,086 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,290,415 | 638,628 | -118,697 | -1,337,359 | 659,719 | 564,272 | 268,516 | -37,096 | -8,774 | 64,891 | -258,177 | -499,395 | 266,759 | 638,086 |
fairstone wealth management limited Credit Report and Business Information
Fairstone Wealth Management Limited Competitor Analysis
Perform a competitor analysis for fairstone wealth management limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fairstone wealth management limited Ownership
FAIRSTONE WEALTH MANAGEMENT LIMITED group structure
Fairstone Wealth Management Limited has no subsidiary companies.
Ultimate parent company
FAIRSTONE CAPITAL GROUP LTD
#0161719
2 parents
FAIRSTONE WEALTH MANAGEMENT LIMITED
03593750
fairstone wealth management limited directors
Fairstone Wealth Management Limited currently has 6 directors. The longest serving directors include Mr Lee Hartley (Jan 2015) and Mrs Ursula Sweis (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Hartley | 48 years | Jan 2015 | - | Director | |
| Mrs Ursula Sweis | 46 years | Apr 2015 | - | Director | |
| Mr Tom Taylor | England | 55 years | Aug 2018 | - | Director |
| Mr Michael Slater | 58 years | Jun 2020 | - | Director | |
| Mr David Hickey | United Kingdom | 68 years | Apr 2021 | - | Director |
| Mr Tom Taylor | England | 55 years | Mar 2023 | - | Director |
P&L
December 2022turnover
24.6m
+64%
operating profit
3.1m
+191%
gross margin
40.6%
+11.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.1m
+0.97%
total assets
6.5m
+0.56%
cash
2.1m
+1.53%
net assets
Total assets minus all liabilities
Similar Companies
fairstone wealth management limited company details
company number
03593750
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
July 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
fairstone financial management (city) limited (March 2021)
equus independent financial management limited (July 2013)
incorporated
UK
address
8 camberwell way, doxford international business p, sunderland, SR3 3XN
last accounts submitted
December 2022
fairstone wealth management 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 4 charges/mortgages relating to fairstone wealth management limited. Currently there are 0 open charges and 4 have been satisfied in the past.
fairstone wealth management limited Companies House Filings - See Documents
| date | description | view/download |
|---|
