Wirefast Limited

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wirefast limited Company Information

Live

MatureSmallDeclining

Company Number

03865860

Website

www.wirefast.com

Registered Address

14th floor 33 cavendish square, london, W1G 0PW

Industry

News agency activities

Telephone

02070928400

Next Accounts Due

September 2024

Group Structure

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Directors

Lawrence Melville21 Years

Angela Stanbrook1 Years

Shareholders

lawrence david melville 44.9%

dolphin finance corporation plc 40.1%

View All

wirefast limited Estimated Valuation

£0 - £3m

The estimated valuation range for wirefast limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £3m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Wirefast Limited AI Business Plan

In just minutes, we combine Pomanda’s company and industry data with cutting edge Artificial Intelligence to build a comprehensive 27 section business plan. You then have 60 days to tailor the information, decide which sections to include or exclude, and add your own branding logos, images and color scheme to create your perfect plan.

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Wirefast Limited is a live company located in london, W1G 0PW with a Companies House number of 03865860. It operates in the news agency activities sector, SIC Code 63910. Founded in October 1999, it's largest shareholder is lawrence david melville with a 44.9% stake. Wirefast Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Wirefast Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

3 Regular

7 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£9.1m)

Growth

3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (13.9%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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WIREFAST LIMITED group structure

Wirefast Limited has 1 subsidiary company.

Ultimate parent company

WIREFAST LIMITED

03865860

1 subsidiary

NEWSLINK LIMITED

04965722

WIREFAST LIMITED Shareholders

lawrence david melville	44.87%
dolphin finance corporation plc	40.05%
james richard powell-tuck	10.04%
gideon jacob lyons	4.35%
richard hooker	0.34%
james iain forrest maclaren	0.34%

Wirefast Limited currently has 2 directors. The longest serving directors include Mr Lawrence Melville (Nov 2002) and Ms Angela Stanbrook (Oct 2022).

officer	country	age	start	end	role
Mr Lawrence Melville	United Kingdom	62 years	Nov 2002	-	Director
Ms Angela Stanbrook	United Kingdom	60 years	Oct 2022	-	Director

EXPORT

Wirefast Limited's latest turnover from December 2022 is estimated at £2.3 million and the company has net assets of -£4 million. According to their latest financial statements, Wirefast Limited has 21 employees and maintains cash reserves of £19.7 thousand 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	Dec 2010	Dec 2009
Turnover	2,314,300	2,310,233	2,964,437	2,802,435	4,370,236	3,179,580	2,634,531	5,428,476	9,169,537	8,104,077	7,002,040	8,483,283	10,823,130	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	927,585	968,756	1,259,341	998,705	1,995,110	1,424,529	1,262,913	3,542,494	5,942,004	4,886,878	3,839,998	5,078,294	5,822,747	0
Gross Profit	1,386,715	1,341,478	1,705,096	1,803,730	2,375,126	1,755,051	1,371,618	1,885,982	3,227,533	3,217,199	3,162,042	3,404,989	5,000,383	0
Admin Expenses	2,524,971	2,269,047	2,643,860	2,503,324	2,734,245	2,706,942	2,224,006	2,435,715	2,990,202	2,998,840	2,560,885	2,894,498	4,384,864	-629,635
Operating Profit	-1,138,256	-927,569	-938,764	-699,594	-359,119	-951,891	-852,388	-549,733	237,331	218,359	601,157	510,491	615,519	629,635
Interest Payable	0	0	0	0	0	0	0	405	405	505	405	0	0	0
Interest Receivable	3,815	375	122	807	645	654	899	2,298	739	1,722	1,047	4,230	2,834	1,060
Pre-Tax Profit	-1,134,441	-927,194	-938,642	-698,787	-358,474	-951,237	-851,489	-547,840	237,665	219,576	601,799	514,722	618,353	630,694
Tax	0	0	0	0	0	0	0	85,519	-99,974	7,371	-151,112	-133,828	-173,139	-176,594
Profit After Tax	-1,134,441	-927,194	-938,642	-698,787	-358,474	-951,237	-851,489	-462,321	137,691	226,947	450,687	380,894	445,214	454,100
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,134,441	-927,194	-938,642	-698,787	-358,474	-951,237	-851,489	-462,321	137,691	226,947	450,687	380,894	445,214	454,100
Employee Costs	893,377	1,020,837	1,205,851	1,151,884	1,170,984	1,306,830	1,126,787	1,525,813	1,594,130	1,786,773	1,777,265	3,299,824	3,698,738	0
Number Of Employees	21	24	25	25	25	25	26	33	34	34	35	92	123	0
EBITDA*	-1,109,692	-912,847	-923,399	-553,912	-192,185	-758,948	-624,916	-296,577	519,194	409,601	732,365	661,348	718,012	726,803

* 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	Dec 2010	Dec 2009
Tangible Assets	34,981	43,937	30,714	46,079	191,269	350,303	533,884	723,566	906,957	990,758	118,191	143,547	203,788	84,615
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	5,350	0	208,030	422,478
Total Fixed Assets	35,081	44,037	30,814	46,179	191,369	350,403	533,984	723,666	907,057	990,858	123,641	143,647	411,918	507,193
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	294,615	278,497	426,242	554,153	865,343	544,271	426,252	410,012	1,110,848	907,906	800,312	1,420,080	1,771,676	808,340
Group Debtors	0	0	0	0	0	0	0	0	0	0	66,465	0	0	0
Misc Debtors	119,241	222,549	387,730	700,756	783,557	1,056,757	1,526,728	1,656,261	1,105,886	735,567	607,140	0	0	0
Cash	19,706	198,280	101,783	141,530	73,763	98,168	163,525	555,718	1,831,354	1,923,424	1,888,962	982,592	709,584	423,922
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	433,562	699,326	915,755	1,396,439	1,722,663	1,699,196	2,116,505	2,621,991	4,048,088	3,566,897	3,362,879	2,402,672	2,481,260	1,232,262
total assets	468,643	743,363	946,569	1,442,618	1,914,032	2,049,599	2,650,489	3,345,657	4,955,145	4,557,755	3,486,520	2,546,319	2,893,178	1,739,455
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	476,866	299,464	247,573	276,788	213,957	239,306	169,942	244,072	1,109,514	554,339	422,872	1,086,441	1,814,194	1,105,685
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	330,442	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	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	3,991,968	3,309,649	2,637,552	2,165,744	2,001,202	1,752,946	1,471,963	1,231,779	1,484,133	1,865,904	822,641	0	0	0
total current liabilities	4,468,834	3,609,113	2,885,125	2,442,532	2,215,159	1,992,252	1,641,905	1,475,851	2,593,647	2,420,243	1,575,955	1,086,441	1,814,194	1,105,685
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	0	0	0	0	0	0	0	9,733	39,104	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	9,733	39,104	0	0	0	0	0
total liabilities	4,468,834	3,609,113	2,885,125	2,442,532	2,215,159	1,992,252	1,641,905	1,485,584	2,632,751	2,420,243	1,575,955	1,086,441	1,814,194	1,105,685
net assets	-4,000,191	-2,865,750	-1,938,556	-999,914	-301,127	57,347	1,008,584	1,860,073	2,322,394	2,137,512	1,910,565	1,459,878	1,078,984	633,770
total shareholders funds	-4,000,191	-2,865,750	-1,938,556	-999,914	-301,127	57,347	1,008,584	1,860,073	2,322,394	2,137,512	1,910,565	1,459,878	1,078,984	633,770

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-1,138,256	-927,569	-938,764	-699,594	-359,119	-951,891	-852,388	-549,733	237,331	218,359	601,157	510,491	615,519	629,635
Depreciation	28,564	14,722	15,365	145,682	166,934	192,943	227,472	253,156	281,863	191,242	131,208	150,857	102,493	97,168
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	85,519	-99,974	7,371	-151,112	-133,828	-173,139	-176,594
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-87,190	-312,926	-440,937	-393,991	47,872	-351,952	-113,293	-150,461	573,261	164,206	59,187	-559,626	748,888	1,230,818
Creditors	177,402	51,891	-29,215	62,831	-25,349	69,364	-74,130	-865,442	555,175	131,467	-663,569	-727,753	708,509	1,105,685
Accruals and Deferred Income	682,319	672,097	471,808	164,542	248,256	280,983	240,184	-252,354	-381,771	1,043,263	822,641	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-9,733	-29,371	39,104	0	0	0	0	0
Cash flow from operations	-162,781	124,067	-39,869	67,452	-17,150	-56,649	-355,302	-1,207,764	58,467	1,427,496	681,138	359,393	504,494	425,076
Investing Activities
capital expenditure	-19,608	-27,945	0	-492	-7,900	-9,362	-37,790	-69,765	-198,062	-1,063,809	-105,852	-90,616	-221,666	-181,783
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	100
cash flow from investments	-19,608	-27,945	0	-492	-7,900	-9,362	-37,790	-69,765	-198,062	-1,063,809	-105,852	-90,616	-221,666	-181,883
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	-330,442	330,442	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	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	47,191	0	0	0	0	179,670
interest	3,815	375	122	807	645	654	899	1,893	334	1,217	642	4,230	2,834	1,060
cash flow from financing	3,815	375	122	807	645	654	899	1,893	47,525	-329,225	331,084	4,230	2,834	180,730
cash and cash equivalents
cash	-178,574	96,497	-39,747	67,767	-24,405	-65,357	-392,193	-1,275,636	-92,070	34,462	906,370	273,008	285,662	423,922
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-178,574	96,497	-39,747	67,767	-24,405	-65,357	-392,193	-1,275,636	-92,070	34,462	906,370	273,008	285,662	423,922

P&L

December 2022

turnover

2.3m

operating profit

-1.1m

gross margin

60%

+3.19%

turnover

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

Balance Sheet

December 2022

net assets

-4m

+0.4%

total assets

468.6k

-0.37%

cash

19.7k

-0.9%

net assets

Total assets minus all liabilities

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company number

03865860

Type

Private limited with Share Capital

industry

63910 - News agency activities

incorporation date

October 1999

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

newslink limited (November 2003)

wire 2 limited (March 2003)

incorporated

address

14th floor 33 cavendish square, london, W1G 0PW

last accounts submitted

December 2022

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 2 charges/mortgages relating to wirefast limited. Currently there are 1 open charges and 1 have been satisfied in the past.

wirefast limited Company Information

wirefast limited Estimated Valuation

wirefast limited Estimated Valuation

wirefast limited Estimated Valuation

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Wirefast Limited Overview

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WIREFAST LIMITED financials

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