fairpoint group plc
fairpoint group plc Company Information
Company Number
04425339
Website
www.fairpoint.co.ukRegistered Address
c/o rsm restructuring advisory l, 3 hardman street, manchester, M3 3HF
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
08452960160
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
-0%
fairpoint group plc Estimated Valuation
Pomanda estimates the enterprise value of FAIRPOINT GROUP PLC at £166.9m based on a Turnover of £54.1m and 3.08x industry multiple (adjusted for size and gross margin).
fairpoint group plc Estimated Valuation
Pomanda estimates the enterprise value of FAIRPOINT GROUP PLC at £19.2m based on an EBITDA of £1.6m and a 12.17x industry multiple (adjusted for size and gross margin).
fairpoint group plc Estimated Valuation
Pomanda estimates the enterprise value of FAIRPOINT GROUP PLC at £26.7m based on Net Assets of £39.6m and 0.68x industry multiple (adjusted for liquidity).
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Fairpoint Group Plc Overview
Fairpoint Group Plc is a dissolved company that was located in manchester, M3 3HF with a Companies House number of 04425339. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2002, it's largest shareholder was unknown. The last turnover for Fairpoint Group Plc was estimated at £54.1m.
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Fairpoint Group Plc Health Check
Pomanda's financial health check has awarded Fairpoint Group Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £54.1m, make it larger than the average company (£3.3m)
£54.1m - Fairpoint Group Plc
£3.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (4.2%)
16% - Fairpoint Group Plc
4.2% - Industry AVG
Production
with a gross margin of 52.8%, this company has a comparable cost of product (64.7%)
52.8% - Fairpoint Group Plc
64.7% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (11%)
-8% - Fairpoint Group Plc
11% - Industry AVG
Employees
with 825 employees, this is above the industry average (17)
825 - Fairpoint Group Plc
17 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has a lower pay structure (£63.7k)
£32.1k - Fairpoint Group Plc
£63.7k - Industry AVG
Efficiency
resulting in sales per employee of £65.6k, this is less efficient (£193.6k)
£65.6k - Fairpoint Group Plc
£193.6k - Industry AVG
Debtor Days
it gets paid by customers after 74 days, this is later than average (40 days)
74 days - Fairpoint Group Plc
40 days - Industry AVG
Creditor Days
its suppliers are paid after 225 days, this is slower than average (49 days)
225 days - Fairpoint Group Plc
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fairpoint Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (36 weeks)
9 weeks - Fairpoint Group Plc
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 53.8%, this is a similar level of debt than the average (57.4%)
53.8% - Fairpoint Group Plc
57.4% - Industry AVG
FAIRPOINT GROUP PLC financials
Fairpoint Group Plc's latest turnover from December 2015 is £54.1 million and the company has net assets of £39.6 million. According to their latest financial statements, Fairpoint Group Plc has 825 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Turnover | 54,121,000 | 38,324,000 | 28,357,000 | 34,364,000 | 25,890,000 | 29,404,000 | 28,900,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 25,553,000 | 18,000,000 | 13,245,000 | 14,837,000 | 14,888,000 | 15,776,000 | 15,446,000 |
| Gross Profit | 28,568,000 | 20,324,000 | 15,112,000 | 19,527,000 | 11,002,000 | 13,628,000 | 13,454,000 |
| Admin Expenses | 11,777,000 | ||||||
| Operating Profit | 1,677,000 | ||||||
| Interest Payable | 654,000 | 506,000 | 332,000 | 380,000 | 259,000 | 227,000 | 379,000 |
| Interest Receivable | 198,000 | 93,000 | 7,000 | 10,000 | 6,000 | 4,539,000 | |
| Pre-Tax Profit | -5,650,000 | 3,449,000 | 5,874,000 | 10,480,000 | -1,043,000 | 5,846,000 | 5,723,000 |
| Tax | -695,000 | -591,000 | -1,188,000 | -2,511,000 | 85,000 | -1,680,000 | -1,662,000 |
| Profit After Tax | -6,345,000 | 2,858,000 | 4,686,000 | 7,969,000 | -958,000 | 4,166,000 | 4,061,000 |
| Dividends Paid | 2,858,000 | 2,582,000 | 2,360,000 | 1,965,000 | 1,805,000 | 1,512,000 | 0 |
| Retained Profit | -9,203,000 | 276,000 | 2,326,000 | 6,004,000 | -2,763,000 | 2,500,000 | 3,995,000 |
| Employee Costs | 26,501,000 | 16,312,000 | 11,378,000 | 10,688,000 | 10,318,000 | 10,594,000 | 10,369,000 |
| Number Of Employees | 825 | 539 | 413 | 410 | 439 | 458 | 425 |
| EBITDA* | 2,101,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 8,053,000 | 9,469,000 | 12,159,000 | 1,406,000 | 1,397,000 | 7,487,000 | 1,603,000 |
| Intangible Assets | 34,639,000 | 34,194,000 | 19,318,000 | 18,915,000 | 19,225,000 | 21,721,000 | 16,695,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 6,388,000 | 8,294,000 | 11,111,000 | 0 | 0 | 5,883,000 | 0 |
| Total Fixed Assets | 42,692,000 | 43,663,000 | 31,477,000 | 20,321,000 | 20,622,000 | 29,208,000 | 18,298,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 11,105,000 | 8,034,000 | 2,262,000 | 2,582,000 | 2,142,000 | 20,490,000 | 25,595,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,971,000 | 7,332,000 | 10,312,000 | 22,402,000 | 21,926,000 | 920,000 | 0 |
| Cash | 4,767,000 | 2,370,000 | 2,861,000 | 1,850,000 | 1,468,000 | 978,000 | 832,000 |
| misc current assets | 22,124,000 | 8,989,000 | 2,196,000 | 4,743,000 | 1,234,000 | 0 | 0 |
| total current assets | 42,967,000 | 26,725,000 | 17,631,000 | 31,577,000 | 26,770,000 | 22,388,000 | 27,214,000 |
| total assets | 85,659,000 | 70,388,000 | 49,108,000 | 51,898,000 | 47,392,000 | 51,596,000 | 45,512,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 938,000 | 588,000 | 0 | 0 | 7,500,000 | 0 | 0 |
| Trade Creditors | 15,789,000 | 1,964,000 | 1,408,000 | 3,120,000 | 1,426,000 | 1,493,000 | 374,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,597,000 | 2,695,000 | 0 | 0 | 0 | 0 | 53,000 |
| hp & lease commitments | 0 | 0 | 100,000 | 130,000 | 127,000 | 103,000 | 0 |
| other current liabilities | 2,524,000 | 6,034,000 | 3,557,000 | 7,166,000 | 1,643,000 | 2,723,000 | 0 |
| total current liabilities | 24,848,000 | 11,281,000 | 5,065,000 | 10,416,000 | 10,696,000 | 4,319,000 | 2,667,000 |
| loans | 34,794,000 | 18,676,000 | 0 | 200,000 | 462,000 | 14,282,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 100,000 | 231,000 | 296,000 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,796,000 | 2,341,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,074,000 | 2,506,000 | 452,000 | 400,000 | 732,000 | 2,632,000 | 0 |
| total long term liabilities | 21,230,000 | 12,932,000 | 226,000 | 300,000 | 597,000 | 8,457,000 | 6,593,000 |
| total liabilities | 46,078,000 | 24,213,000 | 5,291,000 | 10,716,000 | 11,293,000 | 12,776,000 | 9,260,000 |
| net assets | 39,581,000 | 46,175,000 | 43,817,000 | 41,182,000 | 36,099,000 | 38,820,000 | 36,252,000 |
| total shareholders funds | 39,581,000 | 46,175,000 | 43,817,000 | 41,182,000 | 36,099,000 | 38,820,000 | 36,252,000 |
| Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,677,000 | ||||||
| Depreciation | 535,000 | 385,000 | 462,000 | 373,000 | 402,000 | 421,000 | 424,000 |
| Amortisation | 5,351,000 | 3,752,000 | 2,047,000 | 1,570,000 | 1,300,000 | 997,000 | |
| Tax | -695,000 | -591,000 | -1,188,000 | -2,511,000 | 85,000 | -1,680,000 | -1,662,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,196,000 | -25,000 | -1,299,000 | 916,000 | -3,225,000 | 1,698,000 | 25,595,000 |
| Creditors | 13,825,000 | 556,000 | -1,712,000 | 1,694,000 | -67,000 | 1,119,000 | 374,000 |
| Accruals and Deferred Income | -3,510,000 | 2,477,000 | -3,609,000 | 5,523,000 | -1,080,000 | 2,723,000 | 0 |
| Deferred Taxes & Provisions | 1,568,000 | 2,054,000 | 52,000 | -332,000 | -1,900,000 | 2,632,000 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 350,000 | 588,000 | 0 | -7,500,000 | 7,500,000 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 2,902,000 | 2,695,000 | 0 | 0 | 0 | -53,000 | 53,000 |
| Long term loans | 16,118,000 | 18,676,000 | -200,000 | -262,000 | -13,820,000 | 14,282,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | -100,000 | -130,000 | -128,000 | -41,000 | 399,000 | 0 |
| other long term liabilities | -545,000 | 2,341,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -456,000 | -413,000 | -325,000 | -370,000 | -253,000 | 4,312,000 | |
| cash flow from financing | 20,978,000 | 25,869,000 | -346,000 | -9,181,000 | -6,572,000 | 19,008,000 | |
| cash and cash equivalents | |||||||
| cash | 2,397,000 | -491,000 | 1,011,000 | 382,000 | 490,000 | 146,000 | 832,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,397,000 | -491,000 | 1,011,000 | 382,000 | 490,000 | 146,000 | 832,000 |
fairpoint group plc Credit Report and Business Information
Fairpoint Group Plc Competitor Analysis
Perform a competitor analysis for fairpoint group plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in M 3 area or any other competitors across 12 key performance metrics.
fairpoint group plc Ownership
FAIRPOINT GROUP PLC group structure
Fairpoint Group Plc has 6 subsidiary companies.
Ultimate parent company
FAIRPOINT GROUP PLC
04425339
6 subsidiaries
fairpoint group plc directors
Fairpoint Group Plc currently has 3 directors. The longest serving directors include Mr John Allkins (Sep 2008) and Mr Michael Fletcher (Aug 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Allkins | United Kingdom | 75 years | Sep 2008 | - | Director |
| Mr Michael Fletcher | England | 49 years | Aug 2013 | - | Director |
| Mr David Harrel | England | 76 years | Nov 2013 | - | Director |
P&L
December 2015turnover
54.1m
+41%
operating profit
-4.3m
0%
gross margin
52.8%
-0.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2015net assets
39.6m
-0.14%
total assets
85.7m
+0.22%
cash
4.8m
+1.01%
net assets
Total assets minus all liabilities
Similar Companies
fairpoint group plc company details
company number
04425339
Type
Public limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
April 2002
age
22
incorporated
UK
accounts
Group
ultimate parent company
previous names
debt free direct group plc (January 2008)
ypcs 120 plc (May 2002)
last accounts submitted
December 2015
address
c/o rsm restructuring advisory l, 3 hardman street, manchester, M3 3HF
accountant
-
auditor
-
fairpoint group plc 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 did not find charges/mortgages relating to fairpoint group plc.
fairpoint group plc Companies House Filings - See Documents
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