fairway of course limited

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fairway of course limited Company Information

Share FAIRWAY OF COURSE LIMITED

Company Number

04229016

Directors

Samit Patani

Rumit Patani

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Shareholders

nihar indravadan patani

samit patani

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Group Structure

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Industry

Other retail sale not in stores, stalls or markets

 

Registered Address

woodfield house 506-508, honeypot lane, stanmore, middlesex, HA7 1JS

fairway of course limited Estimated Valuation

£4.6m

Pomanda estimates the enterprise value of FAIRWAY OF COURSE LIMITED at £4.6m based on a Turnover of £12.6m and 0.36x industry multiple (adjusted for size and gross margin).

fairway of course limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of FAIRWAY OF COURSE LIMITED at £1.1m based on an EBITDA of £299.1k and a 3.83x industry multiple (adjusted for size and gross margin).

fairway of course limited Estimated Valuation

£14.3m

Pomanda estimates the enterprise value of FAIRWAY OF COURSE LIMITED at £14.3m based on Net Assets of £7.2m and 1.97x industry multiple (adjusted for liquidity).

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Fairway Of Course Limited Overview

Fairway Of Course Limited is a live company located in stanmore, HA7 1JS with a Companies House number of 04229016. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in June 2001, it's largest shareholder is nihar indravadan patani with a 33.3% stake. Fairway Of Course Limited is a mature, mid sized company, Pomanda has estimated its turnover at £12.6m with rapid growth in recent years.

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Fairway Of Course Limited Health Check

Pomanda's financial health check has awarded Fairway Of Course Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £12.6m, make it larger than the average company (£2.4m)

£12.6m - Fairway Of Course Limited

£2.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (9.5%)

48% - Fairway Of Course Limited

9.5% - Industry AVG

production

Production

with a gross margin of 19.1%, this company has a higher cost of product (31%)

19.1% - Fairway Of Course Limited

31% - Industry AVG

profitability

Profitability

an operating margin of 2.1% make it less profitable than the average company (4.3%)

2.1% - Fairway Of Course Limited

4.3% - Industry AVG

employees

Employees

with 27 employees, this is above the industry average (16)

27 - Fairway Of Course Limited

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £36.8k, the company has an equivalent pay structure (£38.4k)

£36.8k - Fairway Of Course Limited

£38.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £467.6k, this is more efficient (£233.6k)

£467.6k - Fairway Of Course Limited

£233.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (33 days)

1 days - Fairway Of Course Limited

33 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 34 days, this is close to average (37 days)

34 days - Fairway Of Course Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 73 days, this is in line with average (72 days)

73 days - Fairway Of Course Limited

72 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (22 weeks)

4 weeks - Fairway Of Course Limited

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 35.9%, this is a lower level of debt than the average (61.7%)

35.9% - Fairway Of Course Limited

61.7% - Industry AVG

FAIRWAY OF COURSE LIMITED financials

EXPORTms excel logo

Fairway Of Course Limited's latest turnover from December 2023 is £12.6 million and the company has net assets of £7.2 million. According to their latest financial statements, Fairway Of Course Limited has 27 employees and maintains cash reserves of £362.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Feb 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover12,625,04912,193,15515,000,7043,913,0866,724,30313,223,07611,551,49912,708,30313,484,15316,646,91811,366,4473,581,8903,010,8112,652,1743,087,045
Other Income Or Grants
Cost Of Sales10,219,7949,915,25411,168,3332,693,3274,513,2628,861,7767,650,2088,147,0728,827,47610,947,5617,533,7022,371,4321,968,6411,701,4052,016,278
Gross Profit2,405,2552,277,9013,832,3711,219,7592,211,0414,361,3003,901,2914,561,2314,656,6775,699,3573,832,7451,210,4581,042,170950,7681,070,767
Admin Expenses2,138,6551,665,0111,382,698-697,0991,721,6184,029,8223,155,9794,263,7064,271,0825,194,2613,312,587873,124764,894405,123-1,323,907
Operating Profit266,600612,8902,449,6731,916,858489,423331,478745,312297,525385,595505,096520,158337,334277,276545,6452,394,674
Interest Payable150,9371,544,80820,40724,55321,49520,66855,795
Interest Receivable1,088,87316,536727,3591,1186,4896,6125,8533,8938,7795,6659,27512,27010,5529,0233,953
Pre-Tax Profit1,254,422-835,0203,182,7101,893,423495,912338,090729,670280,750338,579510,761529,433349,604287,828554,6682,398,628
Tax-274,159156,923-669,435-359,750-94,223-64,237-138,637-56,150-67,716-102,152-111,181-80,409-69,079-144,214-671,616
Profit After Tax980,263-678,0972,513,2751,533,673401,689273,853591,033224,600270,863408,609418,252269,195218,749410,4541,727,012
Dividends Paid60,000
Retained Profit980,263-678,0972,453,2751,533,673401,689273,853591,033224,600270,863408,609418,252269,195218,749410,4541,727,012
Employee Costs994,907961,523855,978874,423790,111796,510790,020748,723758,9522,210,8601,489,966541,183416,987399,971481,247
Number Of Employees273029262323242323674817141417
EBITDA*299,136624,4082,462,5351,956,451510,294356,430770,511318,497398,731526,606544,136366,383305,614582,1042,433,283

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Feb 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets93,21615,62425,49826,93125,99432,50238,40541,68544,67540,67850,99665,62177,205103,533117,814
Intangible Assets1,4981,7471,9972,24627,28938,20449,12060,03569,13192,78298,239103,697
Investments & Other5,494,2216,876,3138,426,6895,055,4992,071,1961
Debtors (Due After 1 year)800,000
Total Fixed Assets5,588,9356,893,6848,454,1845,084,6762,124,47970,70687,525101,721113,806133,460949,235169,31877,205103,533117,814
Stock & work in progress2,051,3762,214,6242,212,102945,0801,005,750910,200720,540610,189936,750844,479555,513533,305751,912757,803810,465
Trade Debtors59,51949,696117,42020,5341,231,7173,541,3833,111,9053,011,9862,886,4152,981,0531,829,297235,398134,97159,813100,633
Group Debtors
Misc Debtors3,251,8502,731,2811,874,4331,754,3901,625,69367,312854,422286,006510,235
Cash362,101987,4541,062,6391,771,511465,4101,264,955498,2781,842,8382,240,4061,271,294994,6302,715,3032,192,8462,027,8381,581,357
misc current assets
total current assets5,724,8465,983,0555,266,5944,491,5154,328,5705,783,8505,185,1455,751,0196,573,8065,096,8263,379,4403,484,0063,079,7292,845,4542,492,455
total assets11,313,78112,876,73913,720,7789,576,1916,453,0495,854,5565,272,6705,852,7406,687,6125,230,2864,328,6753,653,3243,156,9342,948,9872,610,269
Bank overdraft2,200,0003,000,000805,000661,3701,716,779
Bank loan
Trade Creditors 957,344600,587527,0611,114,581810,494579,688490,085592,911829,1321,774,7131,280,7411,022,051794,168798,338873,467
Group/Directors Accounts
other short term finances2,500,000
hp & lease commitments
other current liabilities764,230778,2841,264,8961,121,349680,661729,942510,599917,635413,867
total current liabilities3,921,5744,378,8714,291,9573,040,9301,491,1551,309,6301,000,6842,171,9162,959,7781,774,7131,280,7411,022,051794,168798,338873,467
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions142,4412,290255,14657,99218,2983,0193,9323,8034,5503,1524,1225,7136,40113,0339,640
total long term liabilities142,4412,290255,14657,99218,2983,0193,9323,8034,5503,1524,1225,7136,40113,0339,640
total liabilities4,064,0154,381,1614,547,1033,098,9221,509,4531,312,6491,004,6162,175,7192,964,3281,777,8651,284,8631,027,764800,569811,371883,107
net assets7,249,7668,495,5789,173,6756,477,2694,943,5964,541,9074,268,0543,677,0213,723,2843,452,4213,043,8122,625,5602,356,3652,137,6161,727,162
total shareholders funds7,249,7668,495,5789,173,6756,477,2694,943,5964,541,9074,268,0543,677,0213,723,2843,452,4213,043,8122,625,5602,356,3652,137,6161,727,162
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Feb 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit266,600612,8902,449,6731,916,858489,423331,478745,312297,525385,595505,096520,158337,334277,276545,6452,394,674
Depreciation32,28711,26812,61312,0559,95614,03614,28411,8769,49816,05318,52023,59128,33836,45938,609
Amortisation24925024927,53810,91510,91610,9159,0963,6385,4575,4585,458
Tax-274,159156,923-669,435-359,750-94,223-64,237-138,637-56,150-67,716-102,152-111,181-80,409-69,079-144,214-671,616
Stock-163,2482,5221,267,022-60,67095,550189,660110,351-234,29092,271288,96622,208-218,607-5,891-52,662810,465
Debtors530,392789,124216,929-1,082,486-751,285-357,632668,335316,939415,597351,7562,393,899100,42775,158-40,820100,633
Creditors356,75773,526-587,520304,087230,80689,603-102,826-1,181,802-945,581493,972258,690227,883-4,170-75,129873,467
Accruals and Deferred Income-14,054-486,612143,547440,688-49,281219,343-407,036917,635413,867
Deferred Taxes & Provisions140,151-252,856197,15439,69415,279-9131296511,398-970-1,591-688-6,6323,3939,640
Cash flow from operations140,687-676,25762,3303,524,3261,268,610768,198-656,545-83,818-707,169276,734-1,726,053631,349156,466459,6361,733,676
Investing Activities
capital expenditure-15,487-3,448-8,133-11,00410,7686,518-5,735-3,895-121,162-2,010-22,178-156,423
Change in Investments-1,382,092-1,550,3763,371,1902,984,3032,071,196-11
cash flow from investments1,382,0921,550,376-3,371,190-2,999,790-2,074,644-8,133-11,00310,7676,518-5,735-3,895-121,162-2,010-22,178-156,423
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans -2,500,0002,500,000
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-2,226,075243,131150
interest937,936-1,528,272706,952-23,4356,4896,612-15,642-16,775-47,0165,6659,27512,27010,5529,0233,953
cash flow from financing-1,288,139-4,028,2723,450,083-23,4356,4896,612-15,642-16,775-47,0165,6659,27512,27010,5529,0234,103
cash and cash equivalents
cash-625,353-75,185-708,8721,306,101-799,545766,677-1,344,560571,544969,112276,664-1,720,673522,457165,008446,4811,581,357
overdraft-800,0003,000,000-805,000805,000-661,370661,3701,716,779
change in cash174,647-3,075,18596,128501,101-799,545766,677-683,190-89,826-747,667276,664-1,720,673522,457165,008446,4811,581,357

fairway of course limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fairway Of Course Limited Competitor Analysis

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Perform a competitor analysis for fairway of course limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in HA7 area or any other competitors across 12 key performance metrics.

fairway of course limited Ownership

FAIRWAY OF COURSE LIMITED group structure

Fairway Of Course Limited has no subsidiary companies.

Ultimate parent company

FAIRWAY OF COURSE LIMITED

04229016

FAIRWAY OF COURSE LIMITED Shareholders

nihar indravadan patani 33.33%
samit patani 33.33%
rumit rajnikant patani 33.33%

fairway of course limited directors

Fairway Of Course Limited currently has 4 directors. The longest serving directors include Mr Samit Patani (Oct 2002) and Mr Rumit Patani (Dec 2003).

officercountryagestartendrole
Mr Samit Patani47 years Oct 2002- Director
Mr Rumit Patani46 years Dec 2003- Director
Mr Nihar Patani50 years Nov 2005- Director
Mr Indravadan Patani80 years Jun 2023- Director

P&L

December 2023

turnover

12.6m

+4%

operating profit

266.6k

-57%

gross margin

19.1%

+1.98%

turnover

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

Balance Sheet

December 2023

net assets

7.2m

-0.15%

total assets

11.3m

-0.12%

cash

362.1k

-0.63%

net assets

Total assets minus all liabilities

fairway of course limited company details

company number

04229016

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

June 2001

age

24

incorporated

UK

ultimate parent company

None

accounts

Medium Company

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

MALDE & CO

address

woodfield house 506-508, honeypot lane, stanmore, middlesex, HA7 1JS

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

fairway of course 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 5 charges/mortgages relating to fairway of course limited. Currently there are 3 open charges and 2 have been satisfied in the past.

fairway of course 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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fairway of course limited Companies House Filings - See Documents

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