Fling Bar Services Ltd

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fling bar services ltd Company Information

Live

MatureMicroDeclining

Company Number

04813332

Website

www.flingbarservices.com

Registered Address

7 carlton house, gwash way, stamford, PE9 1XP

Industry

Other business support service activities n.e.c.

Telephone

01780238200

Next Accounts Due

August 2025

Group Structure

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Directors

Matthew Wilkinson21 Years

Shareholders

matthew wilkinson 83.3%

kim wilkinson 16.7%

fling bar services ltd Estimated Valuation

£103.4k

Pomanda estimates the enterprise value of FLING BAR SERVICES LTD at £103.4k based on a Turnover of £260.2k and 0.4x industry multiple (adjusted for size and gross margin).

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Fling Bar Services Ltd is a live company located in stamford, PE9 1XP with a Companies House number of 04813332. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2003, it's largest shareholder is matthew wilkinson with a 83.3% stake. Fling Bar Services Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £260.2k with declining growth in recent years.

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Pomanda's financial health check has awarded Fling Bar Services Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £260.2k, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5.4%)

EXPORT

Fling Bar Services Ltd's latest turnover from November 2023 is estimated at £260.2 thousand and the company has net assets of £143. According to their latest financial statements, Fling Bar Services Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	260,211	318,569	289,674	298,555	318,205	225,768	254,786	183,221	156,657	117,499	94,794	55,533	32,925	43,808	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	215,475	262,821	245,713	248,452	264,120	188,145	210,786	150,504	130,603	98,236	78,952	45,720	26,875	35,357	0
Gross Profit	44,736	55,748	43,961	50,103	54,085	37,623	44,000	32,718	26,054	19,263	15,842	9,813	6,050	8,451	0
Admin Expenses	55,421	66,388	62,060	84,362	4,623	56,092	58,092	19,107	-16,051	12,042	1,371	16,500	-494	10,164	-11,442
Operating Profit	-10,685	-10,640	-18,099	-34,259	49,462	-18,469	-14,092	13,611	42,105	7,221	14,471	-6,687	6,544	-1,713	11,442
Interest Payable	0	0	0	0	0	0	0	302	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	20	20	49	50	40	43	31	9	2
Pre-Tax Profit	-10,685	-10,640	-18,099	-34,259	49,462	-18,469	-14,072	13,631	42,154	7,271	14,510	-6,644	6,576	-1,704	11,444
Tax	0	0	0	0	-9,398	0	0	-2,726	-8,431	-1,527	-3,337	0	-1,710	0	-3,204
Profit After Tax	-10,685	-10,640	-18,099	-34,259	40,064	-18,469	-14,072	10,905	33,723	5,744	11,173	-6,644	4,866	-1,704	8,240
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-10,685	-10,640	-18,099	-34,259	40,064	-18,469	-14,072	10,905	33,723	5,744	11,173	-6,644	4,866	-1,704	8,240
Employee Costs	144,172	179,857	257,250	250,696	247,613	235,518	227,835	70,929	16,686	37,782	37,207	36,758	36,237	35,355	0
Number Of Employees	3	4	6	6	6	6	6	6	3	1	1	1	1	1	0
EBITDA*	-10,685	-10,640	-18,099	-34,259	49,462	-18,469	-14,092	15,092	43,362	8,259	15,317	-6,191	7,147	-918	12,196

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1,778	707	1,291	1,780	2,448	1,874	2,264	3,756	2,830	2,992	3,068	1,732	1,004	1,293	1,883
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	5,893	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,778	707	1,291	1,780	2,448	1,874	2,264	3,756	2,830	8,885	3,068	1,732	1,004	1,293	1,883
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	73,650	109,700	91,004	97,053	100,089	54,748	73,144	35,950	48,523	29,353	24,211	12,624	8,411	11,734	39,253
Group Debtors	0	0	0	0	0	0	0	48,375	27,507	0	0	0	0	0	0
Misc Debtors	24,941	108	14,588	604	0	0	0	943	1,110	0	0	0	316	1,951	1,065
Cash	0	0	0	0	0	0	0	8,093	7,886	11,558	8,573	7,322	9,707	2,839	833
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	98,591	109,808	105,592	97,657	100,089	54,748	73,144	93,361	85,026	40,911	32,784	19,946	18,434	16,524	41,151
total assets	100,369	110,515	106,883	99,437	102,537	56,622	75,408	97,117	87,856	49,796	35,852	21,678	19,438	17,817	43,034
Bank overdraft	0	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	0
Trade Creditors	64,336	58,648	26,687	8,670	27,511	21,660	21,977	4,155	5,932	28,021	19,821	16,820	7,936	11,181	34,694
Group/Directors Accounts	0	0	0	0	0	0	0	5,272	4,131	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	0	0	0	0	0	0	0	21,287	22,295	0	0	0	0	0	0
total current liabilities	64,336	58,648	26,687	8,670	27,511	21,660	21,977	30,714	32,358	28,021	19,821	16,820	7,936	11,181	34,694
loans	0	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	0
Accruals and Deferred Income	1,325	1,200	13,745	1,200	1,200	1,200	1,200	0	0	0	0	0	0	0	0
other liabilities	34,565	39,839	44,983	50,000	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	35,890	41,039	58,728	51,200	1,200	1,200	1,200	0	0	0	0	0	0	0	0
total liabilities	100,226	99,687	85,415	59,870	28,711	22,860	23,177	30,714	32,358	28,021	19,821	16,820	7,936	11,181	34,694
net assets	143	10,828	21,468	39,567	73,826	33,762	52,231	66,403	55,498	21,775	16,031	4,858	11,502	6,636	8,340
total shareholders funds	143	10,828	21,468	39,567	73,826	33,762	52,231	66,403	55,498	21,775	16,031	4,858	11,502	6,636	8,340

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-10,685	-10,640	-18,099	-34,259	49,462	-18,469	-14,092	13,611	42,105	7,221	14,471	-6,687	6,544	-1,713	11,442
Depreciation	0	0	0	0	0	0	0	1,481	1,257	1,038	846	496	603	795	754
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	-9,398	0	0	-2,726	-8,431	-1,527	-3,337	0	-1,710	0	-3,204
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-11,217	4,216	7,935	-2,432	45,341	-18,396	-12,124	8,128	47,787	5,142	11,587	3,897	-4,958	-26,633	40,318
Creditors	5,688	31,961	18,017	-18,841	5,851	-317	17,822	-1,777	-22,089	8,200	3,001	8,884	-3,245	-23,513	34,694
Accruals and Deferred Income	125	-12,545	12,545	0	0	0	-20,087	-1,008	22,295	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	6,345	4,560	4,528	-50,668	574	-390	-4,233	1,453	-12,650	9,790	3,394	-1,204	7,150	2,202	3,368
Investing Activities
capital expenditure	-1,071	584	489	668	-574	390	1,492	-2,407	-1,095	-962	-2,182	-1,224	-314	-205	-2,637
Change in Investments	0	0	0	0	0	0	0	0	-5,893	5,893	0	0	0	0	0
cash flow from investments	-1,071	584	489	668	-574	390	1,492	-2,407	4,798	-6,855	-2,182	-1,224	-314	-205	-2,637
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-5,272	1,141	4,131	0	0	0	0	0	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-5,274	-5,144	-5,017	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	20	-282	49	50	40	43	31	9	2
cash flow from financing	-5,274	-5,144	-5,017	50,000	0	0	-5,352	859	4,180	50	40	43	31	9	102
cash and cash equivalents
cash	0	0	0	0	0	0	-8,093	207	-3,672	2,985	1,251	-2,385	6,868	2,006	833
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-8,093	207	-3,672	2,985	1,251	-2,385	6,868	2,006	833

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FLING BAR SERVICES LTD group structure

Fling Bar Services Ltd has no subsidiary companies.

Ultimate parent company

FLING BAR SERVICES LTD

04813332

FLING BAR SERVICES LTD Shareholders

matthew wilkinson	83.33%
kim wilkinson	16.67%

Fling Bar Services Ltd currently has 2 directors. The longest serving directors include Mr Matthew Wilkinson (Jun 2003) and Mr Matthew Wilkinson (Jun 2003).

officer	country	age	start	end	role
Mr Matthew Wilkinson		48 years	Jun 2003	-	Director
Mr Matthew Wilkinson	England	48 years	Jun 2003	-	Director

P&L

November 2023

turnover

260.2k

-18%

operating profit

-10.7k

gross margin

17.2%

-1.76%

turnover

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

Balance Sheet

November 2023

net assets

143

-0.99%

total assets

100.4k

-0.09%

cash

net assets

Total assets minus all liabilities

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company number

04813332

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

June 2003

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

November 2023

address

7 carlton house, gwash way, stamford, PE9 1XP

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 fling bar services ltd.

fling bar services ltd Company Information

fling bar services ltd Estimated Valuation

fling bar services ltd Estimated Valuation

fling bar services ltd Estimated Valuation

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FLING BAR SERVICES LTD financials

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