
Group Structure
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Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
2nd floor, 9 chapel place, london, EC2A 3DQ
Website
www.londonforfaiting.comPomanda estimates the enterprise value of FORFAITING LTD at £259.3k based on a Turnover of £218.8k and 1.19x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of FORFAITING LTD at £0 based on an EBITDA of £-980 and a 4.09x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of FORFAITING LTD at £2k based on Net Assets of £1.5k and 1.31x industry multiple (adjusted for liquidity).
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Forfaiting Ltd is a live company located in london, EC2A 3DQ with a Companies House number of 04732702. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2003, it's largest shareholder is mostalina investments sa with a 100% stake. Forfaiting Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £218.8k with rapid growth in recent years.
Pomanda's financial health check has awarded Forfaiting Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £218.8k, make it smaller than the average company (£5.5m)
- Forfaiting Ltd
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 121%, show it is growing at a faster rate (7.3%)
- Forfaiting Ltd
7.3% - Industry AVG
Production
with a gross margin of 53.8%, this company has a comparable cost of product (53.8%)
- Forfaiting Ltd
53.8% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (9%)
- Forfaiting Ltd
9% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Forfaiting Ltd
12 - Industry AVG
Pay Structure
on an average salary of £80.5k, the company has an equivalent pay structure (£80.5k)
- Forfaiting Ltd
£80.5k - Industry AVG
Efficiency
resulting in sales per employee of £218.8k, this is equally as efficient (£218.8k)
- Forfaiting Ltd
£218.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Forfaiting Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Forfaiting Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Forfaiting Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 61 weeks, this is more cash available to meet short term requirements (28 weeks)
61 weeks - Forfaiting Ltd
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.2%, this is a higher level of debt than the average (70.4%)
85.2% - Forfaiting Ltd
70.4% - Industry AVG
Forfaiting Ltd's latest turnover from April 2024 is estimated at £218.8 thousand and the company has net assets of £1.5 thousand. According to their latest financial statements, Forfaiting Ltd has 1 employee and maintains cash reserves of £10.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
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Turnover | |||||||||||||||
Other Income Or Grants | |||||||||||||||
Cost Of Sales | |||||||||||||||
Gross Profit | |||||||||||||||
Admin Expenses | |||||||||||||||
Operating Profit | |||||||||||||||
Interest Payable | |||||||||||||||
Interest Receivable | |||||||||||||||
Pre-Tax Profit | |||||||||||||||
Tax | |||||||||||||||
Profit After Tax | |||||||||||||||
Dividends Paid | |||||||||||||||
Retained Profit | |||||||||||||||
Employee Costs | |||||||||||||||
Number Of Employees | 1 | 1 | 1 | 1 | 1 | ||||||||||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | |||||||||||||||
Intangible Assets | |||||||||||||||
Investments & Other | |||||||||||||||
Debtors (Due After 1 year) | |||||||||||||||
Total Fixed Assets | |||||||||||||||
Stock & work in progress | |||||||||||||||
Trade Debtors | |||||||||||||||
Group Debtors | |||||||||||||||
Misc Debtors | |||||||||||||||
Cash | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 349,724 | 10,151 | 80,203 | 8,403 | 39,214 | 38,050 | 479,864 | 18,822 | 188,469 |
misc current assets | |||||||||||||||
total current assets | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 349,724 | 10,151 | 80,203 | 8,403 | 39,214 | 38,050 | 479,864 | 18,822 | 188,469 |
total assets | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 10,100 | 349,724 | 10,151 | 80,203 | 8,403 | 39,214 | 38,050 | 479,864 | 18,822 | 188,469 |
Bank overdraft | |||||||||||||||
Bank loan | |||||||||||||||
Trade Creditors | 6,200 | 6,000 | 6,000 | 6,000 | 6,701 | 6,231 | 544 | 5,542 | 36,523 | 35,447 | 477,356 | 16,472 | 186,309 | ||
Group/Directors Accounts | |||||||||||||||
other short term finances | |||||||||||||||
hp & lease commitments | |||||||||||||||
other current liabilities | 8,600 | 8,150 | 1,380 | 1,678 | 1,264 | 850 | 339,759 | 799 | 76,653 | ||||||
total current liabilities | 8,600 | 8,150 | 7,580 | 7,678 | 7,264 | 6,850 | 346,460 | 7,030 | 77,197 | 5,542 | 36,523 | 35,447 | 477,356 | 16,472 | 186,309 |
loans | |||||||||||||||
hp & lease commitments | |||||||||||||||
Accruals and Deferred Income | |||||||||||||||
other liabilities | |||||||||||||||
provisions | |||||||||||||||
total long term liabilities | |||||||||||||||
total liabilities | 8,600 | 8,150 | 7,580 | 7,678 | 7,264 | 6,850 | 346,460 | 7,030 | 77,197 | 5,542 | 36,523 | 35,447 | 477,356 | 16,472 | 186,309 |
net assets | 1,500 | 1,950 | 2,520 | 2,422 | 2,836 | 3,250 | 3,264 | 3,121 | 3,006 | 2,861 | 2,691 | 2,603 | 2,508 | 2,350 | 2,160 |
total shareholders funds | 1,500 | 1,950 | 2,520 | 2,422 | 2,836 | 3,250 | 3,264 | 3,121 | 3,006 | 2,861 | 2,691 | 2,603 | 2,508 | 2,350 | 2,160 |
Apr 2024 | Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | |||||||||||||||
Depreciation | |||||||||||||||
Amortisation | |||||||||||||||
Tax | |||||||||||||||
Stock | |||||||||||||||
Debtors | |||||||||||||||
Creditors | -6,200 | 200 | -701 | 470 | 5,687 | -4,998 | -30,981 | 1,076 | -441,909 | 460,884 | -169,837 | 186,309 | |||
Accruals and Deferred Income | 450 | 6,770 | -298 | 414 | 414 | -338,909 | 338,960 | -75,854 | 76,653 | ||||||
Deferred Taxes & Provisions | |||||||||||||||
Cash flow from operations | |||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | |||||||||||||||
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | |||||||||||||||
Group/Directors Accounts | |||||||||||||||
Other Short Term Loans | |||||||||||||||
Long term loans | |||||||||||||||
Hire Purchase and Lease Commitments | |||||||||||||||
other long term liabilities | |||||||||||||||
share issue | |||||||||||||||
interest | |||||||||||||||
cash flow from financing | |||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -339,624 | 339,573 | -70,052 | 71,800 | -30,811 | 1,164 | -441,814 | 461,042 | -169,647 | 188,469 | |||||
overdraft | |||||||||||||||
change in cash | -339,624 | 339,573 | -70,052 | 71,800 | -30,811 | 1,164 | -441,814 | 461,042 | -169,647 | 188,469 |
Perform a competitor analysis for forfaiting ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.
FORFAITING LTD group structure
Forfaiting Ltd has no subsidiary companies.
Ultimate parent company
MOSTALINA INVESTMENTS SA
#0084204
1 parent
FORFAITING LTD
04732702
Forfaiting Ltd currently has 1 director, Mr Roy Tolfts serving since Apr 2020.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Roy Tolfts | England | 74 years | Apr 2020 | - | Director |
P&L
April 2024turnover
218.8k
+9%
operating profit
-980.3
0%
gross margin
53.9%
-3.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2024net assets
1.5k
-0.23%
total assets
10.1k
0%
cash
10.1k
0%
net assets
Total assets minus all liabilities
company number
04732702
Type
Private 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 2003
age
22
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
WESTMINSTER ACCOUNTANCY LTD
auditor
-
address
2nd floor, 9 chapel place, london, EC2A 3DQ
Bank
-
Legal Advisor
-
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 forfaiting ltd.
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