Verity Frearson Limited

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verity frearson limited Company Information

Live

MatureSmallDeclining

Company Number

04724704

Website

www.verityfrearson.co.uk

Registered Address

tudor house, 26 albert street, harrogate, north yorkshire, HG1 1JT

Industry

Real estate agencies

Telephone

01423562531

Next Accounts Due

February 2025

Group Structure

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Directors

Matthew Stamford14 Years

James Verity10 Years

Shareholders

m. stamford 60%

james verity 30.1%

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verity frearson limited Estimated Valuation

£4.3m

Pomanda estimates the enterprise value of VERITY FREARSON LIMITED at £4.3m based on a Turnover of £2.2m and 1.94x industry multiple (adjusted for size and gross margin).

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Verity Frearson Limited is a live company located in harrogate, HG1 1JT with a Companies House number of 04724704. It operates in the real estate agencies sector, SIC Code 68310. Founded in April 2003, it's largest shareholder is m. stamford with a 60% stake. Verity Frearson Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with declining growth in recent years.

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

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £2.2m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5%)

EXPORT

Verity Frearson Limited's latest turnover from May 2023 is estimated at £2.2 million and the company has net assets of £752.8 thousand. According to their latest financial statements, Verity Frearson Limited has 30 employees and maintains cash reserves of £1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	2,207,749	2,159,615	2,995,500	2,315,899	1,591,796	1,480,200	1,518,368	1,384,791	1,467,509	1,243,525	1,251,184	881,784	1,346,317	1,090,662
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	413,739	294,038	379,459	329,690	279,187	183,648	176,203	191,772	167,326	157,618	199,480	136,350	195,109	196,427
Gross Profit	1,794,010	1,865,577	2,616,041	1,986,208	1,312,609	1,296,551	1,342,165	1,193,019	1,300,182	1,085,906	1,051,704	745,434	1,151,208	894,235
Admin Expenses	1,540,747	1,796,394	2,483,801	2,066,203	1,507,581	1,301,052	1,461,792	940,904	945,843	1,136,842	1,030,120	854,067	1,175,018	327,308
Operating Profit	253,263	69,183	132,240	-79,995	-194,972	-4,501	-119,627	252,115	354,339	-50,936	21,584	-108,633	-23,810	566,927
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	53,341	10,686	803	903	6,673	3,276	1,572	2,960	2,377	1,684	1,077	1,170	1,466	927
Pre-Tax Profit	306,604	79,869	133,043	-79,092	-188,299	-1,225	-118,055	255,075	356,716	-49,252	22,661	-107,463	-22,344	567,854
Tax	-76,651	-15,175	-25,278	0	0	0	0	-51,015	-71,343	0	-5,212	0	0	-158,999
Profit After Tax	229,953	64,694	107,765	-79,092	-188,299	-1,225	-118,055	204,060	285,373	-49,252	17,449	-107,463	-22,344	408,855
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	229,953	64,694	107,765	-79,092	-188,299	-1,225	-118,055	204,060	285,373	-49,252	17,449	-107,463	-22,344	408,855
Employee Costs	1,112,442	1,035,350	1,077,224	966,778	902,692	771,394	754,588	772,300	791,642	675,454	648,072	492,104	704,753	586,325
Number Of Employees	30	27	30	26	23	22	21	21	20	18	20	15	21	17
EBITDA*	317,463	101,002	163,245	-48,979	-162,005	28,019	-84,586	289,787	395,012	-12,596	59,292	-77,170	10,121	594,835

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	121,646	24,511	22,044	22,101	27,937	26,627	34,163	42,087	51,110	44,112	42,185	23,464	30,882	12,807
Intangible Assets	0	23,631	47,267	70,903	94,539	118,175	141,811	165,447	189,083	212,719	236,355	259,991	283,627	307,263
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	121,646	48,142	69,311	93,004	122,476	144,802	175,974	207,534	240,193	256,831	278,540	283,455	314,509	320,070
Stock & work in progress	18,680	18,436	16,696	12,684	15,770	7,870	11,657	24,220	14,775	11,494	9,840	7,825	6,320	7,160
Trade Debtors	215,149	187,084	346,290	223,842	132,208	132,614	152,056	115,303	132,238	106,646	119,264	80,493	117,655	103,060
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,768	10,622	9,729	4,406	11,768	12,516	32,688	47,508	0	0	0	0	0	0
Cash	1,032,820	1,337,890	799,359	806,696	998,669	780,879	529,439	728,307	455,512	495,229	178,529	252,444	215,636	370,814
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,280,417	1,554,032	1,172,074	1,047,628	1,158,415	933,879	725,840	915,338	602,525	613,369	307,633	340,762	339,611	481,034
total assets	1,402,063	1,602,174	1,241,385	1,140,632	1,280,891	1,078,681	901,814	1,122,872	842,718	870,200	586,173	624,217	654,120	801,104
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	19,143	31,319	29,223	13,304	51,457	50,126	38,687	31,811	303,314	615,320	283,484	343,285	264,982	390,359
Group/Directors Accounts	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	625,934	1,044,098	750,824	773,963	796,135	407,289	239,848	348,604	0	0	0	0	0	0
total current liabilities	645,077	1,075,417	780,047	787,267	847,592	457,415	278,535	380,415	303,314	615,320	283,484	343,285	264,982	390,359
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	4,192	3,916	3,191	2,983	3,825	3,118	3,657	4,780	5,787	6,636	5,193	885	1,628	891
total long term liabilities	4,192	3,916	3,191	2,983	3,825	3,118	3,657	4,780	5,787	6,636	5,193	885	1,628	891
total liabilities	649,269	1,079,333	783,238	790,250	851,417	460,533	282,192	385,195	309,101	621,956	288,677	344,170	266,610	391,250
net assets	752,794	522,841	458,147	350,382	429,474	618,148	619,622	737,677	533,617	248,244	297,496	280,047	387,510	409,854
total shareholders funds	752,794	522,841	458,147	350,382	429,474	618,148	619,622	737,677	533,617	248,244	297,496	280,047	387,510	409,854

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	253,263	69,183	132,240	-79,995	-194,972	-4,501	-119,627	252,115	354,339	-50,936	21,584	-108,633	-23,810	566,927
Depreciation	40,569	8,183	7,369	7,380	9,331	8,884	11,405	14,036	17,037	14,704	14,072	7,827	10,295	4,272
Amortisation	23,631	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636	23,636
Tax	-76,651	-15,175	-25,278	0	0	0	0	-51,015	-71,343	0	-5,212	0	0	-158,999
Stock	244	1,740	4,012	-3,086	7,900	-3,787	-12,563	9,445	3,281	1,654	2,015	1,505	-840	7,160
Debtors	31,211	-158,313	127,771	84,272	-1,154	-39,614	21,933	30,573	25,592	-12,618	38,771	-37,162	14,595	103,060
Creditors	-12,176	2,096	15,919	-38,153	1,331	11,439	6,876	-271,503	-312,006	331,836	-59,801	78,303	-125,377	390,359
Accruals and Deferred Income	-418,164	293,274	-23,139	-22,172	388,846	167,441	-108,756	348,604	0	0	0	0	0	0
Deferred Taxes & Provisions	276	725	208	-842	707	-539	-1,123	-1,007	-849	1,443	4,308	-743	737	891
Cash flow from operations	-220,707	538,495	-828	-191,332	222,133	249,761	-196,959	274,848	-18,059	331,647	-42,199	36,047	-128,274	716,866
Investing Activities
capital expenditure	-137,704	-10,650	-7,312	-1,544	-10,641	-1,348	-3,481	-5,013	-24,035	-16,631	-32,793	-409	-28,370	-347,978
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-137,704	-10,650	-7,312	-1,544	-10,641	-1,348	-3,481	-5,013	-24,035	-16,631	-32,793	-409	-28,370	-347,978
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	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	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	-375	-249	0	0	0	0	0	0	0	999
interest	53,341	10,686	803	903	6,673	3,276	1,572	2,960	2,377	1,684	1,077	1,170	1,466	927
cash flow from financing	53,341	10,686	803	903	6,298	3,027	1,572	2,960	2,377	1,684	1,077	1,170	1,466	1,926
cash and cash equivalents
cash	-305,070	538,531	-7,337	-191,973	217,790	251,440	-198,868	272,795	-39,717	316,700	-73,915	36,808	-155,178	370,814
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-305,070	538,531	-7,337	-191,973	217,790	251,440	-198,868	272,795	-39,717	316,700	-73,915	36,808	-155,178	370,814

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VERITY FREARSON LIMITED group structure

Verity Frearson Limited has no subsidiary companies.

Ultimate parent company

VERITY FREARSON LIMITED

04724704

VERITY FREARSON LIMITED Shareholders

m. stamford	60%
james verity	30.13%
kylie verity	9.87%

Verity Frearson Limited currently has 2 directors. The longest serving directors include Mr Matthew Stamford (Dec 2009) and Mr James Verity (Jun 2014).

officer	country	age	start	end	role
Mr Matthew Stamford	United Kingdom	46 years	Dec 2009	-	Director
Mr James Verity	England	40 years	Jun 2014	-	Director

P&L

May 2023

turnover

2.2m

+2%

operating profit

253.3k

gross margin

81.3%

-5.93%

turnover

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

Balance Sheet

May 2023

net assets

752.8k

+0.44%

total assets

1.4m

-0.12%

cash

-0.23%

net assets

Total assets minus all liabilities

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2.5

company number

04724704

Type

Private limited with Share Capital

industry

68310 - Real estate agencies

incorporation date

April 2003

ultimate parent company

None

previous names

N/A

address

tudor house, 26 albert street, harrogate, north yorkshire, HG1 1JT

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 1 charges/mortgages relating to verity frearson limited. Currently there are 1 open charges and 0 have been satisfied in the past.

verity frearson limited Company Information

verity frearson limited Estimated Valuation

verity frearson limited Estimated Valuation

verity frearson limited Estimated Valuation

Verity Frearson Limited Overview

Verity Frearson Limited Health Check

VERITY FREARSON LIMITED financials

verity frearson limited Credit Report and Business Information

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verity frearson limited Ownership

verity frearson limited directors

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