Ftx Logistics Limited

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ftx logistics limited Company Information

Live

MatureMidDeclining

Company Number

04145978

Website

www.ftxlog.com

Registered Address

hill park court, springfield drive, leatherhead, surrey, KT22 7NL

Industry

Freight transport by road

Other transportation support activities

Telephone

01980667104

Next Accounts Due

September 2024

Group Structure

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Directors

Sharon Mason7 Years

Stephen Lawton4 Years

View All

Shareholders

kellogg brown & root ltd 100%

ftx logistics limited Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of FTX LOGISTICS LIMITED at £7.3m based on Net Assets of £3.4m and 2.14x industry multiple (adjusted for liquidity).

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Ftx Logistics Limited is a live company located in leatherhead, KT22 7NL with a Companies House number of 04145978. It operates in the freight transport by road sector, SIC Code 49410. Founded in January 2001, it's largest shareholder is kellogg brown & root ltd with a 100% stake. Ftx Logistics Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Ftx Logistics Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

1 Regular

4 Weak

Size

annual sales of £11.4m, make it in line with the average company (£10.8m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (7.4%)

EXPORT

Ftx Logistics Limited's latest turnover from December 2022 is £11.4 million and the company has net assets of £3.4 million. According to their latest financial statements, Ftx Logistics Limited has 101 employees and maintains cash reserves of £4.1 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	Dec 2010	Dec 2009
Turnover	11,400,442	15,118,835	16,819,211	12,201,713	11,627,995	13,108,943	11,657,749	11,032,847	11,118,092	10,719,682	9,863,333	8,592,455	10,571,039	7,880,843
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,148,560	10,617,572	12,479,771	8,879,630	8,400,893	10,415,396	8,974,228	8,314,950	7,831,126	7,043,438	6,484,191	5,593,855	7,559,301	5,258,221
Gross Profit	3,251,882	4,501,263	4,339,440	3,322,083	3,227,102	2,693,547	2,683,521	2,717,897	3,286,966	3,676,244	3,379,142	2,998,600	3,011,738	2,622,622
Admin Expenses	1,890,781	1,801,774	2,004,027	1,995,878	2,022,087	1,773,392	1,644,287	1,600,672	1,764,234	1,588,486	1,562,880	1,644,080	1,587,112	1,694,302
Operating Profit	1,361,101	2,699,489	2,335,413	1,326,205	1,205,015	920,155	1,039,234	1,117,225	1,522,732	2,087,758	1,816,262	1,354,520	1,424,626	928,320
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	5,863	9,872	35,182	108,907	75,822	33,427	43,944	58,533	55,151	47,609	49,056	41,138	26,402	39,326
Pre-Tax Profit	1,366,964	2,709,361	2,370,595	1,435,112	1,280,837	953,582	1,083,178	1,175,758	1,577,883	2,135,367	1,865,318	1,395,658	1,451,028	967,646
Tax	-289,340	-433,164	2,152	-2,351	9,740	-12,127	-4,068	-237,889	-341,957	-502,007	-461,924	-375,947	-410,547	-276,561
Profit After Tax	1,077,624	2,276,197	2,372,747	1,432,761	1,290,577	941,455	1,079,110	937,869	1,235,926	1,633,360	1,403,394	1,019,711	1,040,481	691,085
Dividends Paid	750,000	10,500,000	10,000,000	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	327,624	-8,223,803	-7,627,253	1,432,761	1,290,577	941,455	1,079,110	937,869	1,235,926	1,633,360	1,403,394	1,019,711	1,040,481	691,085
Employee Costs	5,094,774	4,895,471	4,973,053	4,843,820	4,226,815	3,858,182	3,838,601	3,647,555	3,780,932	3,579,678	3,645,125	3,762,716	3,831,106	3,825,229
Number Of Employees	101	103	109	106	95	95	99	100	100	98	99	103	104	105
EBITDA*	1,447,716	2,773,763	2,422,481	1,448,724	1,343,566	1,046,609	1,139,946	1,203,515	1,595,733	2,172,302	1,900,583	1,457,717	1,519,956	1,091,865

* 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	102,779	163,582	224,950	205,870	315,483	432,982	373,888	336,797	343,229	367,832	417,996	439,661	520,225	543,572
Intangible Assets	19,156	32,062	44,968	57,874	70,780	83,686	96,592	109,498	122,404	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)	32,389	30,336	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	154,324	225,980	269,918	263,744	386,263	516,668	470,480	446,295	465,633	367,832	417,996	439,661	520,225	543,572
Stock & work in progress	25,431	441,749	93,814	93,814	93,814	43,484	0	4,446	4,446	155,088	168,328	191,573	190,364	203,604
Trade Debtors	63,081	35,174	89,992	32,187	40,820	77,711	44,145	56,824	111,611	106,113	27,620	34,354	42,984	600,230
Group Debtors	1,604,175	1,290,224	0	0	0	0	0	0	0	0	0	18,719	101,488	93,934
Misc Debtors	152,404	147,231	3,570,711	2,444,396	1,544,458	1,860,551	1,778,418	2,146,854	1,605,485	2,001,690	1,031,492	814,003	1,383,433	1,175,003
Cash	4,149,035	6,974,378	10,702,455	18,489,747	18,060,004	16,627,941	15,177,228	15,151,600	14,662,395	13,001,291	12,166,878	10,944,273	9,617,190	7,554,333
misc current assets	0	0	0	33,897	0	0	0	0	0	0	0	0	0	0
total current assets	5,994,126	8,888,756	14,456,972	21,094,041	19,739,096	18,609,687	16,999,791	17,359,724	16,383,937	15,264,182	13,394,318	12,002,922	11,335,459	9,627,104
total assets	6,148,450	9,114,736	14,726,890	21,357,785	20,125,359	19,126,355	17,470,271	17,806,019	16,849,570	15,632,014	13,812,314	12,442,583	11,855,684	10,170,676
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	196,988	121,799	132,336	243,465	220,452	606,233	255,732	856,520	338,562	535,215	180,946	181,444	401,678	108,336
Group/Directors Accounts	1,508,233	3,500,695	1,703	10,050	16,738	49,701	4,566	16,000	8,000	19,004	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	993,863	2,230,269	2,966,845	1,710,780	1,787,210	1,519,808	1,060,584	1,722,988	2,090,139	1,760,619	1,807,322	1,700,256	1,768,472	1,276,358
total current liabilities	2,699,084	5,852,763	3,100,884	1,964,295	2,024,400	2,175,742	1,320,882	2,595,508	2,436,701	2,314,838	1,988,268	1,881,700	2,170,150	1,384,694
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	56,179	196,410	336,640	476,871	617,101	757,332	897,563	1,037,795	1,178,022	1,318,255	1,458,485	1,598,716	1,738,947	1,879,181
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	4,131	4,825
total long term liabilities	56,179	196,410	336,640	476,871	617,101	757,332	897,563	1,037,795	1,178,022	1,318,255	1,458,485	1,598,716	1,743,078	1,884,006
total liabilities	2,755,263	6,049,173	3,437,524	2,441,166	2,641,501	2,933,074	2,218,445	3,633,303	3,614,723	3,633,093	3,446,753	3,480,416	3,913,228	3,268,700
net assets	3,393,187	3,065,563	11,289,366	18,916,619	17,483,858	16,193,281	15,251,826	14,172,716	13,234,847	11,998,921	10,365,561	8,962,167	7,942,456	6,901,976
total shareholders funds	3,393,187	3,065,563	11,289,366	18,916,619	17,483,858	16,193,281	15,251,826	14,172,716	13,234,847	11,998,921	10,365,561	8,962,167	7,942,456	6,901,976

	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	1,361,101	2,699,489	2,335,413	1,326,205	1,205,015	920,155	1,039,234	1,117,225	1,522,732	2,087,758	1,816,262	1,354,520	1,424,626	928,320
Depreciation	73,709	61,368	74,162	109,613	125,645	113,548	87,806	73,384	73,001	84,544	84,321	103,197	95,330	163,545
Amortisation	12,906	12,906	12,906	12,906	12,906	12,906	12,906	12,906	0	0	0	0	0	0
Tax	-289,340	-433,164	2,152	-2,351	9,740	-12,127	-4,068	-237,889	-341,957	-502,007	-461,924	-375,947	-410,547	-276,561
Stock	-416,318	347,935	0	0	50,330	43,484	-4,446	0	-150,642	-13,240	-23,245	1,209	-13,240	203,604
Debtors	349,084	-2,157,738	1,184,120	891,305	-352,984	115,699	-381,115	486,582	-390,707	1,048,691	192,036	-660,829	-341,262	1,869,167
Creditors	75,189	-10,537	-111,129	23,013	-385,781	350,501	-600,788	517,958	-196,653	354,269	-498	-220,234	293,342	108,336
Accruals and Deferred Income	-1,376,637	-876,806	1,115,834	-216,660	127,171	318,993	-802,636	-507,378	189,287	-186,933	-33,165	-208,447	351,880	3,155,539
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	-4,131	-694	4,825
Cash flow from operations	-75,838	3,263,059	2,245,218	361,421	1,397,350	1,544,793	118,015	489,624	1,787,759	802,180	1,236,205	1,308,578	2,108,439	2,011,233
Investing Activities
capital expenditure	-12,906	0	-93,242	0	-8,146	-172,642	-124,897	-66,952	-170,802	-34,380	-62,656	-22,633	-71,983	-707,117
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-12,906	0	-93,242	0	-8,146	-172,642	-124,897	-66,952	-170,802	-34,380	-62,656	-22,633	-71,983	-707,117
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,992,462	3,498,992	-8,347	-6,688	-32,963	45,135	-11,434	8,000	-11,004	19,004	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	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	-1	6,210,891
interest	5,863	9,872	35,182	108,907	75,822	33,427	43,944	58,533	55,151	47,609	49,056	41,138	26,402	39,326
cash flow from financing	-1,986,599	3,508,864	26,835	102,219	42,859	78,562	32,510	66,533	44,147	66,613	49,056	41,138	26,401	6,250,217
cash and cash equivalents
cash	-2,825,343	-3,728,077	-7,787,292	429,743	1,432,063	1,450,713	25,628	489,205	1,661,104	834,413	1,222,605	1,327,083	2,062,857	7,554,333
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,825,343	-3,728,077	-7,787,292	429,743	1,432,063	1,450,713	25,628	489,205	1,661,104	834,413	1,222,605	1,327,083	2,062,857	7,554,333

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FTX LOGISTICS LIMITED group structure

Ftx Logistics Limited has no subsidiary companies.

Ultimate parent company

KBR INC

#0063227

KELLOGG BROWN & ROOT LIMITED

00645125

2 parents

FTX LOGISTICS LIMITED

04145978

FTX LOGISTICS LIMITED Shareholders

kellogg brown & root ltd

100%

Ftx Logistics Limited currently has 6 directors. The longest serving directors include Ms Sharon Mason (Nov 2016) and Mr Stephen Lawton (Mar 2020).

officer	country	age	start	end	role
Ms Sharon Mason	England	53 years	Nov 2016	-	Director
Mr Stephen Lawton		60 years	Mar 2020	-	Director
Ms Nicola Saunders	England	49 years	Aug 2020	-	Director
Mr Peter Meffan	United Kingdom	60 years	Feb 2022	-	Director
Mr Peter Meffan	England	60 years	Feb 2022	-	Director
Mr Barry Donohoe	United Kingdom	52 years	Jul 2023	-	Director

P&L

December 2022

turnover

11.4m

-25%

operating profit

1.4m

-50%

gross margin

28.6%

-4.19%

turnover

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

Balance Sheet

December 2022

net assets

3.4m

+0.11%

total assets

6.1m

-0.33%

cash

4.1m

-0.41%

net assets

Total assets minus all liabilities

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company number

04145978

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

52290 - Other transportation support activities

incorporation date

January 2001

age

accounts

Full Accounts

ultimate parent company

KBR INC

previous names

drum services limited (October 2001)

quayshelfco 828 limited (March 2001)

incorporated

address

hill park court, springfield drive, leatherhead, surrey, KT22 7NL

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 did not find charges/mortgages relating to ftx logistics limited.

ftx logistics limited Company Information

ftx logistics limited Estimated Valuation

ftx logistics limited Estimated Valuation

ftx logistics limited Estimated Valuation

Ftx Logistics Limited Overview

Ftx Logistics Limited Health Check

FTX LOGISTICS LIMITED financials

ftx logistics limited Credit Report and Business Information

Ftx Logistics Limited Competitor Analysis

ftx logistics limited Ownership

ftx logistics limited directors

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ftx logistics limited Companies House Filings - See Documents