fareshare
fareshare Company Information
Group Structure
View All
Industry
Other transportation support activities
+1Registered Address
millbank tower millbank, 21-24 millbank, london, SW1P 4QP
Website
http://fareshare.org.ukfareshare Estimated Valuation
Pomanda estimates the enterprise value of FARESHARE at £17.8m based on a Turnover of £23.1m and 0.77x industry multiple (adjusted for size and gross margin).
fareshare Estimated Valuation
Pomanda estimates the enterprise value of FARESHARE at £0 based on an EBITDA of £-5m and a 5.65x industry multiple (adjusted for size and gross margin).
fareshare Estimated Valuation
Pomanda estimates the enterprise value of FARESHARE at £46m based on Net Assets of £21.7m and 2.12x industry multiple (adjusted for liquidity).
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Fareshare Overview
Fareshare is a live company located in london, SW1P 4QP with a Companies House number of 04837373. It operates in the operation of warehousing and storage facilities for land transport activities sector, SIC Code 52103. Founded in July 2003, it's largest shareholder is unknown. Fareshare is a mature, large sized company, Pomanda has estimated its turnover at £23.1m with declining growth in recent years.
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Fareshare Health Check
Pomanda's financial health check has awarded Fareshare a 4 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 £23.1m, make it larger than the average company (£9.9m)
£23.1m - Fareshare
£9.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (10%)
-32% - Fareshare
10% - Industry AVG
Production
with a gross margin of 31.4%, this company has a comparable cost of product (31.4%)
31.4% - Fareshare
31.4% - Industry AVG
Profitability
an operating margin of -22.6% make it less profitable than the average company (6%)
-22.6% - Fareshare
6% - Industry AVG
Employees
with 234 employees, this is above the industry average (47)
234 - Fareshare
47 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£43.5k)
£41.6k - Fareshare
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £98.6k, this is less efficient (£197.6k)
£98.6k - Fareshare
£197.6k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (46 days)
13 days - Fareshare
46 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (37 days)
14 days - Fareshare
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fareshare
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 206 weeks, this is more cash available to meet short term requirements (16 weeks)
206 weeks - Fareshare
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18%, this is a lower level of debt than the average (58.2%)
18% - Fareshare
58.2% - Industry AVG
FARESHARE financials
Fareshare's latest turnover from March 2024 is £23.1 million and the company has net assets of £21.7 million. According to their latest financial statements, Fareshare has 234 employees and maintains cash reserves of £17.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,067,000 | 23,060,000 | 20,296,000 | 72,068,000 | 16,084,000 | 12,305,000 | 6,766,000 | 5,446,000 | 5,166,000 | 2,993,353 | 2,610,376 | 2,385,446 | 1,812,800 | 1,983,978 | 1,254,251 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -4,123,000 | -4,108,000 | 2,189,000 | 21,911,000 | 1,765,000 | 2,115,000 | -389,000 | -323,000 | 1,362,000 | 264,624 | 363,077 | 224,610 | 165,569 | 139,343 | -65,464 |
| Tax | |||||||||||||||
| Profit After Tax | -4,123,000 | -4,108,000 | 2,189,000 | 21,911,000 | 1,765,000 | 2,115,000 | -389,000 | -323,000 | 1,362,000 | 264,624 | 363,077 | 224,610 | 165,569 | 139,343 | -65,464 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -4,123,000 | -4,108,000 | 2,189,000 | 21,911,000 | 1,765,000 | 2,115,000 | -389,000 | -323,000 | 1,362,000 | 264,624 | 363,077 | 224,610 | 165,569 | 139,343 | -65,464 |
| Employee Costs | 9,724,000 | 8,015,000 | 6,128,000 | 5,915,000 | 5,368,000 | 4,567,000 | 3,936,000 | 3,057,000 | 1,961,000 | 1,488,783 | 1,166,279 | 1,057,366 | 884,131 | 817,151 | 568,573 |
| Number Of Employees | 234 | 211 | 181 | 186 | 176 | 147 | 110 | 97 | 53 | 43 | 31 | 24 | 24 | 18 | 16 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 709,000 | 659,000 | 551,000 | 799,000 | 587,000 | 481,000 | 580,000 | 563,000 | 381,000 | 96,556 | 95,978 | 118,791 | 59,038 | 78,124 | 70,708 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 6,162,000 | 1,013,000 | |||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,871,000 | 1,672,000 | 551,000 | 799,000 | 587,000 | 481,000 | 580,000 | 563,000 | 381,000 | 96,556 | 95,978 | 118,791 | 59,038 | 78,124 | 70,708 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 836,000 | 1,613,000 | 612,000 | 1,542,000 | 2,269,000 | 969,000 | 1,090,000 | 1,248,000 | 1,423,000 | 305,894 | 178,049 | 299,329 | 156,137 | 91,766 | 44,341 |
| Group Debtors | |||||||||||||||
| Misc Debtors | 1,629,000 | 2,354,000 | 2,930,000 | 2,813,000 | 329,000 | 382,000 | 479,000 | 390,000 | 486,000 | 167,554 | 312,549 | 121,712 | 119,013 | 64,939 | 422,033 |
| Cash | 17,096,000 | 24,332,000 | 29,498,000 | 29,331,000 | 7,830,000 | 6,370,000 | 1,614,000 | 2,546,000 | 1,455,000 | 995,559 | 911,425 | 645,717 | 359,217 | 466,048 | 132,301 |
| misc current assets | |||||||||||||||
| total current assets | 19,561,000 | 28,299,000 | 33,040,000 | 33,686,000 | 10,428,000 | 7,721,000 | 3,183,000 | 4,184,000 | 3,364,000 | 1,469,007 | 1,402,023 | 1,066,758 | 634,367 | 622,753 | 598,675 |
| total assets | 26,432,000 | 29,971,000 | 33,591,000 | 34,485,000 | 11,015,000 | 8,202,000 | 3,763,000 | 4,747,000 | 3,745,000 | 1,565,563 | 1,498,001 | 1,185,549 | 693,405 | 700,877 | 669,383 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 650,000 | 716,000 | 1,096,000 | 3,556,000 | 1,170,000 | 635,000 | 335,000 | 279,000 | 247,000 | 106,400 | 42,298 | 79,827 | 43,270 | 34,976 | 54,344 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 10,416 | 62,500 | 62,500 | 62,500 | 52,083 | ||||||||||
| hp & lease commitments | 38,000 | 38,000 | 38,000 | 11,000 | |||||||||||
| other current liabilities | 3,613,000 | 2,984,000 | 2,151,000 | 2,868,000 | 3,841,000 | 3,328,000 | 1,273,000 | 1,992,000 | 699,000 | 171,927 | 370,591 | 347,186 | 87,662 | 208,656 | 295,361 |
| total current liabilities | 4,301,000 | 3,738,000 | 3,285,000 | 6,435,000 | 5,011,000 | 3,963,000 | 1,608,000 | 2,271,000 | 946,000 | 288,743 | 475,389 | 489,513 | 193,432 | 295,715 | 349,705 |
| loans | 10,416 | 72,917 | 135,417 | 197,917 | 250,000 | ||||||||||
| hp & lease commitments | 40,000 | 80,000 | 108,000 | 41,000 | |||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 9,047 | 17,305 | 19,081 | ||||||||||||
| provisions | 412,000 | 409,000 | 359,000 | 359,000 | 265,000 | 265,000 | 296,000 | 228,000 | 228,000 | 69,000 | 69,000 | 43,000 | |||
| total long term liabilities | 452,000 | 489,000 | 467,000 | 400,000 | 265,000 | 265,000 | 296,000 | 228,000 | 228,000 | 69,000 | 79,416 | 115,917 | 144,464 | 215,222 | 269,081 |
| total liabilities | 4,753,000 | 4,227,000 | 3,752,000 | 6,835,000 | 5,276,000 | 4,228,000 | 1,904,000 | 2,499,000 | 1,174,000 | 357,743 | 554,805 | 605,430 | 337,896 | 510,937 | 618,786 |
| net assets | 21,679,000 | 25,744,000 | 29,839,000 | 27,650,000 | 5,739,000 | 3,974,000 | 1,859,000 | 2,248,000 | 2,571,000 | 1,207,820 | 943,196 | 580,119 | 355,509 | 189,940 | 50,597 |
| total shareholders funds | 21,679,000 | 25,744,000 | 29,839,000 | 27,650,000 | 5,739,000 | 3,974,000 | 1,859,000 | 2,248,000 | 2,571,000 | 1,207,820 | 943,196 | 580,119 | 355,509 | 189,940 | 50,597 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 222,000 | 235,000 | 454,000 | 277,000 | 202,000 | 198,000 | 171,000 | 89,000 | 67,000 | 28,887 | 36,361 | 70,456 | 39,557 | 105,151 | 115,228 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -1,502,000 | 425,000 | -813,000 | 1,757,000 | 1,247,000 | -218,000 | -69,000 | -271,000 | 1,435,552 | -17,150 | 69,557 | 145,891 | 118,445 | -309,669 | 466,374 |
| Creditors | -66,000 | -380,000 | -2,460,000 | 2,386,000 | 535,000 | 300,000 | 56,000 | 32,000 | 140,600 | 64,102 | -37,529 | 36,557 | 8,294 | -19,368 | 54,344 |
| Accruals and Deferred Income | 629,000 | 833,000 | -717,000 | -973,000 | 513,000 | 2,055,000 | -719,000 | 1,293,000 | 527,073 | -198,664 | 23,405 | 259,524 | -120,994 | -86,705 | 295,361 |
| Deferred Taxes & Provisions | 3,000 | 50,000 | 94,000 | -31,000 | 68,000 | 159,000 | 26,000 | 43,000 | |||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | -110,000 | -188,000 | -271,000 | -351,000 | |||||||||||
| Change in Investments | 5,149,000 | 1,013,000 | |||||||||||||
| cash flow from investments | -5,149,000 | -1,013,000 | -110,000 | -188,000 | -271,000 | -351,000 | |||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | -10,416 | -52,084 | 10,417 | 52,083 | |||||||||||
| Long term loans | -10,416 | -62,501 | -62,500 | -62,500 | -52,083 | 250,000 | |||||||||
| Hire Purchase and Lease Commitments | -40,000 | -28,000 | 94,000 | 52,000 | |||||||||||
| other long term liabilities | -9,047 | -8,258 | -1,776 | 19,081 | |||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 18,000 | -15,000 | 94,000 | 52,000 | -9,236 | -1,776 | 385,142 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -7,236,000 | -5,166,000 | 167,000 | 21,501,000 | 1,460,000 | 4,756,000 | -932,000 | 1,091,000 | 459,441 | 84,134 | 265,708 | 286,500 | -106,831 | 333,747 | 132,301 |
| overdraft | |||||||||||||||
| change in cash | -7,236,000 | -5,166,000 | 167,000 | 21,501,000 | 1,460,000 | 4,756,000 | -932,000 | 1,091,000 | 459,441 | 84,134 | 265,708 | 286,500 | -106,831 | 333,747 | 132,301 |
fareshare Credit Report and Business Information
Fareshare Competitor Analysis
Perform a competitor analysis for fareshare by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other large companies, companies in SW1P area or any other competitors across 12 key performance metrics.
fareshare Ownership
FARESHARE group structure
Fareshare has 1 subsidiary company.
fareshare directors
Fareshare currently has 16 directors. The longest serving directors include Mr John Bason (May 2010) and Mr John Hinton (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Bason | Scotland | 67 years | May 2010 | - | Director |
| Mr John Hinton | England | 60 years | Jul 2017 | - | Director |
| Mrs Angela Yotov | England | 47 years | Feb 2019 | - | Director |
| Mr Andrew Hood | 48 years | Feb 2019 | - | Director | |
| Mr Adam Eisenstadt | England | 36 years | Sep 2019 | - | Director |
| Mr Juergen Pinker | United Kingdom | 48 years | Dec 2020 | - | Director |
| Mr Richard King | England | 69 years | Jan 2021 | - | Director |
| Ms Simone Connolly | United Kingdom | 47 years | Aug 2021 | - | Director |
| Mr Aron Gelbard | England | 42 years | Nov 2023 | - | Director |
| Mr Dominic Blakemore | England | 55 years | Nov 2023 | - | Director |
P&L
March 2024turnover
23.1m
0%
operating profit
-5.2m
0%
gross margin
31.5%
+8.19%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
21.7m
-0.16%
total assets
26.4m
-0.12%
cash
17.1m
-0.3%
net assets
Total assets minus all liabilities
fareshare company details
company number
04837373
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
52290 - Other transportation support activities
52103 - Operation of warehousing and storage facilities for land transport activities of division 49
incorporation date
July 2003
age
22
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
millbank tower millbank, 21-24 millbank, london, SW1P 4QP
Bank
CO-OPERATIVE BANK PLC
Legal Advisor
BATES WELLS
fareshare 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 3 charges/mortgages relating to fareshare. Currently there are 2 open charges and 1 have been satisfied in the past.
fareshare 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.
Click to start generating capital raising & share issue transactions for FARESHARE. This can take several minutes, an email will notify you when this has completed.
fareshare Companies House Filings - See Documents
| date | description | view/download |
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