Pomanda estimates the enterprise value of FORTRESS TECHNOLOGY (EUROPE) LIMITED at £6.9m based on a Turnover of £9.6m and 0.72x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of FORTRESS TECHNOLOGY (EUROPE) LIMITED at £0 based on an EBITDA of £-834.7k and a 5.38x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of FORTRESS TECHNOLOGY (EUROPE) LIMITED at £0 based on Net Assets of £-2.8m and 2.21x industry multiple (adjusted for liquidity).
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Fortress Technology (europe) LimitedOverview
Fortress Technology (europe) Limited is a live company located in worcestershire, WR14 2JS with a Companies House number of 03811425. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in July 1999, it's largest shareholder is
fortress technology inc
with a 100% stake. Fortress Technology (europe) Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£9.6m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Fortress Technology (Europe) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
3 Strong
3 Regular
6 Weak
Size
annual sales of £9.6m, make it in line with the average company (£11.4m)
£9.6m - Fortress Technology (europe) Limited
£11.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (3%)
7% - Fortress Technology (europe) Limited
3% - Industry AVG
Production
with a gross margin of 38.1%, this company has a lower cost of product (30.6%)
38.1% - Fortress Technology (europe) Limited
30.6% - Industry AVG
Profitability
an operating margin of -11.4% make it less profitable than the average company (5.9%)
-11.4% - Fortress Technology (europe) Limited
5.9% - Industry AVG
Employees
with 97 employees, this is above the industry average (64)
97 - Fortress Technology (europe) Limited
64 - Industry AVG
Pay Structure
on an average salary of £41.1k, the company has an equivalent pay structure (£50.1k)
£41.1k - Fortress Technology (europe) Limited
£50.1k - Industry AVG
Efficiency
resulting in sales per employee of £99.2k, this is less efficient (£180.2k)
£99.2k - Fortress Technology (europe) Limited
£180.2k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (61 days)
54 days - Fortress Technology (europe) Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is quicker than average (46 days)
30 days - Fortress Technology (europe) Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 176 days, this is more than average (91 days)
176 days - Fortress Technology (europe) Limited
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 3 weeks, this is less cash available to meet short term requirements (13 weeks)
3 weeks - Fortress Technology (europe) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 144.5%, this is a higher level of debt than the average (48.6%)
144.5% - Fortress Technology (europe) Limited
48.6% - Industry AVG
FORTRESS TECHNOLOGY (EUROPE) LIMITED financials
EXPORT
Fortress Technology (Europe) Limited's latest turnover from September 2023 is £9.6 million and the company has net assets of -£2.8 million. According to their latest financial statements, Fortress Technology (Europe) Limited has 97 employees and maintains cash reserves of £345.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Turnover
9,623,024
9,263,034
9,196,148
7,929,422
4,556,883
4,321,841
3,693,640
3,474,466
2,426,817
1,802,612
2,287,170
2,253,632
2,255,248
1,748,892
Other Income Or Grants
Cost Of Sales
5,956,490
5,232,157
5,097,952
4,958,539
3,160,792
2,980,696
2,459,837
2,341,755
1,653,287
1,214,281
1,529,135
1,505,788
1,483,865
1,145,215
Gross Profit
3,666,534
4,030,877
4,098,196
2,970,883
1,396,092
1,341,145
1,233,803
1,132,711
773,530
588,331
758,035
747,844
771,383
603,677
Admin Expenses
4,764,640
5,197,391
4,261,059
3,909,378
1,359,225
1,285,274
2,054,098
622,464
703,817
403,241
549,061
987,872
794,180
556,046
-338,614
Operating Profit
-1,098,106
-1,166,514
-162,863
-938,495
36,867
55,871
-820,295
510,247
69,713
185,090
208,974
-240,028
-22,797
47,631
338,614
Interest Payable
46,064
50,328
46,314
44,580
Interest Receivable
1,431
171
29
411
2,099
1,276
597
561
895
840
931
1,061
963
1,020
546
Pre-Tax Profit
-1,142,739
-1,216,671
-209,148
-982,664
38,965
57,147
-819,698
510,808
70,608
185,930
209,905
-238,967
-21,834
48,651
339,160
Tax
-57,100
19,057
232,755
503
-7,403
-10,858
-102,161
-14,121
-39,045
-48,278
-13,622
-94,965
Profit After Tax
-1,199,839
-1,197,614
23,607
-982,161
31,562
46,289
-819,698
408,646
56,486
146,885
161,627
-238,967
-21,834
35,029
244,195
Dividends Paid
Retained Profit
-1,199,839
-1,197,614
23,607
-982,161
31,562
46,289
-819,698
408,646
56,486
146,885
161,627
-238,967
-21,834
35,029
244,195
Employee Costs
3,982,954
3,733,605
3,494,355
3,235,521
1,784,420
1,676,979
1,553,605
1,274,875
657,479
491,966
559,570
541,251
551,550
466,588
Number Of Employees
97
95
93
94
40
38
37
31
16
12
14
14
15
13
EBITDA*
-834,741
-904,634
60,102
-795,367
71,242
88,971
-791,397
510,247
89,485
220,299
235,102
-226,523
-8,172
60,417
342,273
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Tangible Assets
552,592
605,615
109,063
100,408
65,549
84,578
50,505
21,462
14,437
20,331
49,148
63,227
56,883
38,331
7,130
Intangible Assets
541,352
669,350
812,826
747,885
Investments & Other
206,388
2,233,346
Debtors (Due After 1 year)
92,000
92,000
Total Fixed Assets
1,185,944
1,573,353
921,889
848,293
2,298,895
84,578
50,505
21,462
14,437
20,331
49,148
63,227
56,883
38,331
7,130
Stock & work in progress
2,874,704
3,303,488
2,362,632
2,009,143
738,123
676,069
609,975
549,935
455,544
377,174
365,478
398,763
377,933
204,449
155,955
Trade Debtors
1,426,756
1,542,909
1,193,028
1,173,482
572,389
717,823
602,345
590,206
471,936
404,168
547,907
542,295
628,325
497,989
300,129
Group Debtors
5,302
Misc Debtors
339,354
634,596
713,819
355,106
272,523
152,712
100,544
102,870
Cash
345,383
509,548
1,131,799
988,061
413,739
145,963
194,295
283,349
165,298
192,531
143,449
228,874
195,609
189,656
218,376
misc current assets
total current assets
4,991,499
5,990,541
5,401,278
4,525,792
1,996,774
1,692,567
1,507,159
1,526,360
1,092,778
973,873
1,056,834
1,169,932
1,201,867
892,094
674,460
total assets
6,177,443
7,563,894
6,323,167
5,374,085
4,295,669
1,777,145
1,557,664
1,547,822
1,107,215
994,204
1,105,982
1,233,159
1,258,750
930,425
681,590
Bank overdraft
Bank loan
Trade Creditors
501,165
1,153,141
506,422
983,155
840,056
655,080
482,275
536,681
447,987
275,599
327,454
288,403
233,747
184,246
157,186
Group/Directors Accounts
3,755,835
3,291,582
2,592,838
1,508,042
other short term finances
20,000
hp & lease commitments
other current liabilities
627,822
1,204,586
720,688
426,443
134,937
87,337
93,324
218,974
total current liabilities
4,884,822
5,649,309
3,819,948
2,937,640
974,993
742,417
575,599
755,655
447,987
275,599
327,454
288,403
233,747
184,246
157,186
loans
4,043,097
3,298,472
2,843,150
2,800,435
hp & lease commitments
Accruals and Deferred Income
166,750
other liabilities
3,257,902
1,000,000
1,000,000
275,707
391,570
598,378
926,233
757,146
466,855
280,109
provisions
13,092
12,629
12,454
15,970
9,596
10,367
total long term liabilities
4,043,097
3,465,222
2,856,242
2,813,064
3,270,356
1,015,970
1,009,596
275,707
391,570
598,378
926,233
767,513
466,855
280,109
total liabilities
8,927,919
9,114,531
6,676,190
5,750,704
4,245,349
1,758,387
1,585,195
755,655
723,694
667,169
925,832
1,214,636
1,001,260
651,101
437,295
net assets
-2,750,476
-1,550,637
-353,023
-376,629
50,320
18,758
-27,531
792,167
383,521
327,035
180,150
18,523
257,490
279,324
244,295
total shareholders funds
-2,750,476
-1,550,637
-353,023
-376,629
50,320
18,758
-27,531
792,167
383,521
327,035
180,150
18,523
257,490
279,324
244,295
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Sep 2013
Sep 2012
Sep 2011
Sep 2010
Sep 2009
Operating Activities
Operating Profit
-1,098,106
-1,166,514
-162,863
-938,495
36,867
55,871
-820,295
510,247
69,713
185,090
208,974
-240,028
-22,797
47,631
338,614
Depreciation
124,327
118,279
37,874
21,541
34,375
33,100
28,898
19,772
35,209
26,128
13,505
14,625
12,786
3,659
Amortisation
139,038
143,601
185,091
121,587
Tax
-57,100
19,057
232,755
503
-7,403
-10,858
-102,161
-14,121
-39,045
-48,278
-13,622
-94,965
Stock
-428,784
940,856
353,489
1,271,020
62,054
66,094
60,040
94,391
78,370
11,696
-33,285
20,830
173,484
48,494
155,955
Debtors
-406,093
362,658
378,259
683,676
-25,623
167,646
9,813
221,140
67,768
-143,739
5,612
-86,030
130,336
197,860
300,129
Creditors
-651,976
646,719
-476,733
143,099
184,976
172,805
-54,406
88,694
172,388
-51,855
39,051
54,656
49,501
27,060
157,186
Accruals and Deferred Income
-743,514
650,648
294,245
291,506
47,600
-5,987
-125,650
218,974
Deferred Taxes & Provisions
-13,092
463
175
-3,516
6,374
9,596
-10,367
10,367
Cash flow from operations
-1,452,454
-904,816
-620,916
-2,314,780
256,468
17,565
-1,031,710
400,223
101,614
261,442
253,548
-117,034
-252,124
-172,499
-51,590
Investing Activities
capital expenditure
-15,346
-67,173
-57,941
-7,025
-13,878
-6,392
-12,049
-19,849
-33,177
-43,987
-10,789
Change in Investments
-206,388
206,388
-2,233,346
2,233,346
cash flow from investments
206,388
-206,388
2,233,346
-2,248,692
-67,173
-57,941
-7,025
-13,878
-6,392
-12,049
-19,849
-33,177
-43,987
-10,789
Financing Activities
Bank loans
Group/Directors Accounts
464,253
698,744
1,084,796
1,508,042
Other Short Term Loans
-20,000
20,000
Long term loans
744,625
455,322
42,715
2,800,435
Hire Purchase and Lease Commitments
other long term liabilities
-3,257,902
2,257,902
1,000,000
-275,707
-115,863
-206,808
-327,855
169,087
290,291
186,746
280,109
share issue
-1
555,212
100
interest
-44,633
-50,157
-46,285
-44,169
2,099
1,276
597
561
895
840
931
1,061
963
1,020
546
cash flow from financing
1,164,245
1,103,909
1,061,225
1,581,618
2,260,001
1,276
1,000,597
-275,146
-114,968
-205,968
-326,924
170,148
291,254
187,766
280,755
cash and cash equivalents
cash
-164,165
-622,251
143,738
574,322
267,776
-48,332
-89,054
118,051
-27,233
49,082
-85,425
33,265
5,953
-28,720
218,376
overdraft
change in cash
-164,165
-622,251
143,738
574,322
267,776
-48,332
-89,054
118,051
-27,233
49,082
-85,425
33,265
5,953
-28,720
218,376
fortress technology (europe) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for fortress technology (europe) limited. Get real-time insights into fortress technology (europe) limited's credit score, group structure and payment trends.
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fortress technology (europe) limited Ownership
FORTRESS TECHNOLOGY (EUROPE) LIMITED group structure
Fortress Technology (Europe) Limited has 1 subsidiary company.
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 fortress technology (europe) limited. Currently there are 3 open charges and 3 have been satisfied in the past.
fortress technology (europe) 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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fortress technology (europe) limitedCompanies House Filings - See Documents
