Fuel Proof Limited

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fuel proof limited Company Information

Live

MatureMidHealthy

Company Number

03991145

Website

www.fuelproof.co.uk

Registered Address

middleton business park, middleton road, heysham, lancashire, LA3 3FH

Industry

Manufacture of other tanks, reservoirs and containers of metal

Telephone

01524850685

Next Accounts Due

December 2024

Group Structure

View All

Directors

Andrew Hargreaves24 Years

Hans Meyer5 Years

View All

Shareholders

argent industrial ltd 100%

fuel proof limited Estimated Valuation

£19m

Pomanda estimates the enterprise value of FUEL PROOF LIMITED at £19m based on an EBITDA of £2.6m and a 7.19x industry multiple (adjusted for size and gross margin).

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Fuel Proof Limited AI Business Plan

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Fuel Proof Limited is a live company located in heysham, LA3 3FH with a Companies House number of 03991145. It operates in the manufacture of other tanks, reservoirs and containers of metal sector, SIC Code 25290. Founded in May 2000, it's largest shareholder is argent industrial ltd with a 100% stake. Fuel Proof Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Fuel Proof Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £12.3m, make it in line with the average company (£12.3m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (4.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FUEL PROOF LIMITED group structure

Fuel Proof Limited has no subsidiary companies.

Ultimate parent company

ARGENT INDUSTRIAL LTD

#0073844

1 parent

FUEL PROOF LIMITED

03991145

FUEL PROOF LIMITED Shareholders

argent industrial ltd

100%

Fuel Proof Limited currently has 6 directors. The longest serving directors include Mr Andrew Hargreaves (May 2000) and Mr Hans Meyer (Jul 2018).

officer	country	age	start	end	role
Mr Andrew Hargreaves	England	47 years	May 2000	-	Director
Mr Hans Meyer	United Kingdom	38 years	Jul 2018	-	Director
Mr Treve Hendry	United Kingdom	57 years	Jul 2018	-	Director
Ms Julie Turnbull		60 years	Jul 2018	-	Director
Mr Treve Hendry	England	57 years	Jul 2018	-	Director
Mr Hans Meyer		38 years	Jul 2018	-	Director

EXPORT

Fuel Proof Limited's latest turnover from March 2023 is £12.3 million and the company has net assets of £4.9 million. According to their latest financial statements, Fuel Proof Limited has 74 employees and maintains cash reserves of £995.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	12,330,682	10,416,869	8,845,037	8,946,386	10,759,559	7,306,388	4,432,232	2,649,080	4,665,702	4,248,176	4,767,959	3,574,555	2,696,394	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	7,586,181	6,486,505	5,255,070	5,725,950	6,593,014	4,510,872	3,155,088	1,958,466	3,589,050	3,272,401	3,600,400	2,685,725	2,018,200	0
Gross Profit	4,744,501	3,930,364	3,589,967	3,220,436	4,166,545	2,795,516	1,277,144	690,614	1,076,652	975,775	1,167,559	888,831	678,194	0
Admin Expenses	2,300,788	2,107,355	1,945,225	1,918,336	3,175,273	1,968,927	502,012	179,997	846,829	616,047	1,093,732	808,289	632,875	-709,059
Operating Profit	2,443,713	1,823,009	1,644,742	1,302,100	991,272	826,589	775,132	510,617	229,823	359,728	73,827	80,542	45,319	709,059
Interest Payable	0	0	0	139	1,550	299	1	1	0	0	0	0	0	0
Interest Receivable	36,809	472	557	0	0	0	154	483	571	120	12	95	158	68
Pre-Tax Profit	2,480,522	1,823,481	1,645,299	1,301,961	989,722	826,290	775,285	511,099	230,394	359,848	73,838	80,636	45,476	709,126
Tax	-454,499	-247,227	-312,607	-247,373	-188,174	-154,225	-155,057	-102,220	-48,383	-82,765	-17,721	-20,965	-12,733	-198,555
Profit After Tax	2,026,023	1,576,254	1,332,692	1,054,588	801,548	672,065	620,228	408,879	182,011	277,083	56,117	59,671	32,743	510,571
Dividends Paid	2,000,000	1,250,000	0	1,500,000	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,023	326,254	1,332,692	-445,412	801,548	672,065	620,228	408,879	182,011	277,083	56,117	59,671	32,743	510,571
Employee Costs	3,020,367	2,521,549	2,349,917	2,216,602	3,031,346	2,162,529	1,924,263	732,737	1,183,989	1,121,640	1,098,917	882,436	807,847	0
Number Of Employees	74	70	68	69	64	67	62	23	38	37	35	30	29	0
EBITDA*	2,648,744	2,045,393	1,789,690	1,445,212	1,192,452	980,112	810,224	822,984	476,496	397,383	87,942	92,834	53,682	721,472

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	998,120	1,282,224	885,415	1,207,187	1,361,326	1,400,127	1,218,573	937,860	567,720	170,185	34,541	25,619	17,761	26,124
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	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	998,120	1,282,224	885,415	1,207,187	1,361,326	1,400,127	1,218,573	937,860	567,720	170,185	34,541	25,619	17,761	26,124
Stock & work in progress	2,876,991	2,531,438	1,792,035	1,078,071	1,338,836	1,247,438	898,865	625,211	393,564	321,925	453,061	329,022	218,142	127,760
Trade Debtors	1,180,335	1,109,063	1,019,574	856,445	751,378	784,378	566,025	426,007	1,263,001	1,268,375	1,295,442	1,013,158	792,101	714,103
Group Debtors	0	0	0	0	790,031	782,591	608,942	585,981	0	0	0	0	0	0
Misc Debtors	3,129,855	1,942,733	1,729,892	1,176,097	156,841	0	0	180,112	0	0	0	0	0	0
Cash	995,394	2,067,840	1,396,304	1,030,264	1,187,281	369,787	112,788	10,161	183,056	45,234	2,722	1,892	36,010	27,139
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,182,575	7,651,074	5,937,805	4,140,877	4,224,367	3,184,194	2,186,620	1,827,472	1,839,621	1,635,534	1,751,225	1,344,072	1,046,253	869,002
total assets	9,180,695	8,933,298	6,823,220	5,348,064	5,585,693	4,584,321	3,405,193	2,765,332	2,407,341	1,805,719	1,785,766	1,369,691	1,064,014	895,126
Bank overdraft	0	0	0	0	118	14,944	0	35	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	736,687	890,874	732,109	629,389	475,795	757,263	829,133	836,929	1,210,211	836,556	1,121,070	763,217	519,147	381,816
Group/Directors Accounts	1,435,048	850,455	0	0	60,688	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	0	0	59,849	60,101	48,121	112,207	0	0	0	0	0	0
other current liabilities	1,914,923	2,053,955	1,428,405	1,344,272	1,214,863	716,156	293,689	198,959	0	0	0	0	0	0
total current liabilities	4,086,658	3,795,284	2,160,514	1,973,661	1,811,313	1,548,464	1,170,943	1,148,130	1,210,211	836,556	1,121,070	763,217	519,147	381,816
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	96,042	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	233,464	303,464	154,410	198,799	153,364	120,347	86,847	90,027	78,834	32,878	5,494	3,389	1,453	2,639
total long term liabilities	233,464	303,464	154,410	198,799	153,364	216,389	86,847	90,027	78,834	32,878	5,494	3,389	1,453	2,639
total liabilities	4,320,122	4,098,748	2,314,924	2,172,460	1,964,677	1,764,853	1,257,790	1,238,157	1,289,045	869,434	1,126,564	766,606	520,600	384,455
net assets	4,860,573	4,834,550	4,508,296	3,175,604	3,621,016	2,819,468	2,147,403	1,527,175	1,118,296	936,285	659,202	603,085	543,414	510,671
total shareholders funds	4,860,573	4,834,550	4,508,296	3,175,604	3,621,016	2,819,468	2,147,403	1,527,175	1,118,296	936,285	659,202	603,085	543,414	510,671

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	2,443,713	1,823,009	1,644,742	1,302,100	991,272	826,589	775,132	510,617	229,823	359,728	73,827	80,542	45,319	709,059
Depreciation	205,031	222,384	144,948	143,112	201,180	153,523	35,092	312,367	246,673	37,655	14,115	12,292	8,363	12,413
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-454,499	-247,227	-312,607	-247,373	-188,174	-154,225	-155,057	-102,220	-48,383	-82,765	-17,721	-20,965	-12,733	-198,555
Stock	345,553	739,403	713,964	-260,765	1,338,836	348,573	273,654	231,647	71,639	-131,136	124,039	110,880	90,382	127,760
Debtors	1,258,394	302,330	716,924	334,292	1,698,250	392,002	-17,133	-70,901	-5,374	-27,067	282,284	221,057	77,998	714,103
Creditors	-154,187	158,765	102,720	153,594	475,795	-71,870	-7,796	-373,282	373,655	-284,514	357,853	244,070	137,331	381,816
Accruals and Deferred Income	-139,032	625,550	84,133	129,409	1,214,863	422,467	94,730	198,959	0	0	0	0	0	0
Deferred Taxes & Provisions	-70,000	149,054	-44,389	45,435	153,364	33,500	-3,180	11,193	45,956	27,384	2,105	1,936	-1,186	2,639
Cash flow from operations	227,079	1,689,802	188,659	1,452,750	-188,786	469,409	482,400	396,888	781,459	215,691	23,856	-14,062	8,714	65,509
Investing Activities
capital expenditure	79,073	-619,193	176,824	11,027	-1,562,506	-335,077	-315,805	-682,507	-644,208	-173,299	-23,037	-20,150	0	-38,537
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	79,073	-619,193	176,824	11,027	-1,562,506	-335,077	-315,805	-682,507	-644,208	-173,299	-23,037	-20,150	0	-38,537
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	584,593	850,455	0	-60,688	60,688	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	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-59,849	59,849	108,022	-64,086	112,207	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	2,819,468	0	0	0	0	0	0	0	0	100
interest	36,809	472	557	-139	-1,550	-299	153	482	571	120	12	95	158	68
cash flow from financing	621,402	850,927	557	-120,676	2,938,455	107,723	-63,933	112,689	571	120	12	95	158	168
cash and cash equivalents
cash	-1,072,446	671,536	366,040	-157,017	1,187,281	256,999	102,627	-172,895	137,822	42,512	830	-34,118	8,871	27,139
overdraft	0	0	0	-118	118	14,944	-35	35	0	0	0	0	0	0
change in cash	-1,072,446	671,536	366,040	-156,899	1,187,163	242,055	102,662	-172,930	137,822	42,512	830	-34,118	8,871	27,139

P&L

March 2023

turnover

12.3m

+18%

operating profit

2.4m

+34%

gross margin

38.5%

+1.98%

turnover

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

Balance Sheet

March 2023

net assets

4.9m

+0.01%

total assets

9.2m

+0.03%

cash

995.4k

-0.52%

net assets

Total assets minus all liabilities

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company number

03991145

Type

Private limited with Share Capital

industry

25290 - Manufacture of other tanks, reservoirs and containers of metal

incorporation date

May 2000

age

accounts

Full Accounts

ultimate parent company

ARGENT INDUSTRIAL LTD

previous names

N/A

incorporated

address

middleton business park, middleton road, heysham, lancashire, LA3 3FH

last accounts submitted

March 2023

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 fuel proof limited. Currently there are 1 open charges and 1 have been satisfied in the past.

fuel proof limited Company Information

fuel proof limited Estimated Valuation

fuel proof limited Estimated Valuation

fuel proof limited Estimated Valuation

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FUEL PROOF LIMITED financials

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