Fast Trak Limited

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fast trak limited Company Information

Live

MatureMidHealthy

Company Number

05245682

Website

www.fasttrakltd.co.uk

Registered Address

unit g ennis close, roundthorn industrial estate, manchester, M23 9LE

Industry

Non-specialised wholesale trade

Telephone

01619457238

Next Accounts Due

April 2025

Group Structure

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Directors

Asif Ayub19 Years

Shareholders

asif ayub 90.9%

farha raoof 9.1%

fast trak limited Estimated Valuation

£5.2m

Pomanda estimates the enterprise value of FAST TRAK LIMITED at £5.2m based on a Turnover of £7m and 0.75x industry multiple (adjusted for size and gross margin).

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Fast Trak Limited is a live company located in manchester, M23 9LE with a Companies House number of 05245682. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in September 2004, it's largest shareholder is asif ayub with a 90.9% stake. Fast Trak Limited is a mature, mid sized company, Pomanda has estimated its turnover at £7m with healthy growth in recent years.

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Pomanda's financial health check has awarded Fast Trak Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £7m, make it smaller than the average company (£14.7m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.9%)

EXPORT

Fast Trak Limited's latest turnover from July 2023 is estimated at £7 million and the company has net assets of £14.5 thousand. According to their latest financial statements, Fast Trak Limited has 23 employees and maintains cash reserves of £82.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	7,014,759	5,304,448	4,883,580	5,559,158	5,296,183	4,353,530	4,789,999	4,639,126	3,938,888	3,528,621	2,677,923	3,144,261	2,168,694	2,438,251	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,094,097	3,819,187	3,559,188	4,037,236	3,861,254	3,173,104	3,465,871	3,296,481	2,829,699	2,546,718	1,921,103	2,255,516	1,558,033	1,742,167	0
Gross Profit	1,920,662	1,485,261	1,324,393	1,521,922	1,434,930	1,180,426	1,324,129	1,342,645	1,109,189	981,902	756,820	888,745	610,662	696,084	0
Admin Expenses	1,844,374	1,444,518	1,352,466	1,486,341	1,412,429	1,159,258	1,304,089	1,349,829	1,107,150	960,684	751,773	887,941	609,545	692,072	-924
Operating Profit	76,288	40,743	-28,073	35,581	22,501	21,168	20,040	-7,184	2,039	21,218	5,047	804	1,117	4,012	924
Interest Payable	75,440	40,713	27,617	18,997	15,923	8,412	485	466	0	0	0	0	0	0	0
Interest Receivable	4,437	844	25	26	227	66	19	93	295	273	56	8	8	8	4
Pre-Tax Profit	5,285	874	-55,665	16,610	6,804	12,822	19,574	-7,558	2,334	21,491	5,103	812	1,124	4,019	928
Tax	-1,321	-166	0	-3,156	-1,293	-2,436	-3,719	0	-467	-4,513	-1,174	-195	-292	-1,125	-260
Profit After Tax	3,964	708	-55,665	13,454	5,511	10,386	15,855	-7,558	1,867	16,978	3,929	617	832	2,894	668
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	3,964	708	-55,665	13,454	5,511	10,386	15,855	-7,558	1,867	16,978	3,929	617	832	2,894	668
Employee Costs	981,849	814,286	753,342	854,355	809,546	752,843	662,503	612,208	464,995	427,935	324,597	388,210	257,244	308,422	0
Number Of Employees	23	20	20	23	22	21	19	18	14	13	10	12	8	10	0
EBITDA*	110,415	89,373	28,074	90,152	54,335	47,934	42,352	22,021	28,840	39,745	19,501	7,596	8,901	18,178	20,439

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	146,686	157,174	180,447	213,549	120,557	85,550	72,547	93,599	85,207	62,766	47,320	23,096	25,698	45,289	58,355
Intangible Assets	40,000	40,000	40,000	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	186,686	197,174	220,447	213,549	120,557	85,550	72,547	93,599	85,207	62,766	47,320	23,096	25,698	45,289	58,355
Stock & work in progress	1,763,654	1,663,654	1,477,860	1,075,796	1,366,819	969,509	1,099,010	935,760	681,731	471,786	465,764	437,455	313,236	312,339	312,501
Trade Debtors	554,278	219,328	245,173	584,329	202,299	299,010	320,853	403,274	437,104	449,675	273,272	410,185	275,003	330,045	344,886
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	84,907	84,037	0	93,550	129,783	100,957	68,166	63,312	0	0	0	0	0	0	0
Cash	82,498	94,998	40,043	10,136	41,641	18,773	7,681	7,724	29,322	88,508	20,725	1,525	1,525	1,525	1,526
misc current assets	0	0	0	40,000	0	80,000	0	0	0	0	0	0	0	0	0
total current assets	2,485,337	2,062,017	1,763,076	1,803,811	1,780,542	1,468,249	1,495,710	1,410,070	1,148,157	1,009,969	759,761	849,165	589,764	643,909	658,913
total assets	2,672,023	2,259,191	1,983,523	2,017,360	1,901,099	1,553,799	1,568,257	1,503,669	1,233,364	1,072,735	807,081	872,261	615,462	689,198	717,268
Bank overdraft	375,926	181,503	152,972	336,911	86,059	81,400	1,184	14,349	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	1,505,340	1,211,946	984,364	1,015,239	1,408,237	955,240	1,332,593	1,264,742	1,140,013	1,002,565	770,323	862,634	602,975	667,594	688,069
Group/Directors Accounts	0	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	0
hp & lease commitments	40,191	39,786	53,530	44,152	24,254	27,751	25,095	23,992	0	0	0	0	0	0	0
other current liabilities	277,045	315,043	357,789	370,733	86,446	212,465	126,805	103,829	0	0	0	0	0	0	0
total current liabilities	2,198,502	1,748,278	1,548,655	1,767,035	1,604,996	1,276,856	1,485,677	1,406,912	1,140,013	1,002,565	770,323	862,634	602,975	667,594	688,069
loans	369,369	444,844	343,809	71,781	128,087	176,259	0	0	0	0	0	0	0	0	0
hp & lease commitments	82,036	42,266	60,963	90,299	93,120	37,951	32,703	57,799	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	0
other liabilities	0	0	0	0	0	0	0	0	48,838	33,545	20,802	3,439	7,222	14,646	23,795
provisions	7,665	13,316	20,317	22,801	22,906	16,254	13,784	18,720	16,718	10,697	7,006	1,167	861	3,386	4,726
total long term liabilities	459,070	500,426	425,089	184,881	244,113	230,464	46,487	76,519	65,556	44,242	27,808	4,606	8,083	18,032	28,521
total liabilities	2,657,572	2,248,704	1,973,744	1,951,916	1,849,109	1,507,320	1,532,164	1,483,431	1,205,569	1,046,807	798,131	867,240	611,058	685,626	716,590
net assets	14,451	10,487	9,779	65,444	51,990	46,479	36,093	20,238	27,795	25,928	8,950	5,021	4,404	3,572	678
total shareholders funds	14,451	10,487	9,779	65,444	51,990	46,479	36,093	20,238	27,795	25,928	8,950	5,021	4,404	3,572	678

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	76,288	40,743	-28,073	35,581	22,501	21,168	20,040	-7,184	2,039	21,218	5,047	804	1,117	4,012	924
Depreciation	34,127	48,630	56,147	54,571	31,834	26,766	22,312	29,205	26,801	18,527	14,454	6,792	7,784	14,166	19,515
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,321	-166	0	-3,156	-1,293	-2,436	-3,719	0	-467	-4,513	-1,174	-195	-292	-1,125	-260
Stock	100,000	185,794	402,064	-291,023	397,310	-129,501	163,250	254,029	209,945	6,022	28,309	124,219	897	-162	312,501
Debtors	335,820	58,192	-432,706	345,797	-67,885	10,948	-77,567	29,482	-12,571	176,403	-136,913	135,182	-55,042	-14,841	344,886
Creditors	293,394	227,582	-30,875	-392,998	452,997	-377,353	67,851	124,729	137,448	232,242	-92,311	259,659	-64,619	-20,475	688,069
Accruals and Deferred Income	-37,998	-42,746	-12,944	284,287	-126,019	85,660	22,976	103,829	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,651	-7,001	-2,484	-105	6,652	2,470	-4,936	2,002	6,021	3,691	5,839	306	-2,525	-1,340	4,726
Cash flow from operations	-76,981	23,056	12,413	-76,594	57,247	-125,172	38,841	-30,930	-25,532	88,740	40,459	7,965	-4,390	10,241	55,587
Investing Activities
capital expenditure	-23,639	-25,357	-63,045	-147,563	-66,841	-39,769	-1,260	-37,597	-49,242	-33,973	-38,678	-4,190	11,807	-1,100	-77,870
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-23,639	-25,357	-63,045	-147,563	-66,841	-39,769	-1,260	-37,597	-49,242	-33,973	-38,678	-4,190	11,807	-1,100	-77,870
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	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	0
Long term loans	-75,475	101,035	272,028	-56,306	-48,172	176,259	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	40,175	-32,441	-19,958	17,077	51,672	7,904	-23,993	81,791	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-48,838	15,293	12,743	17,363	-3,783	-7,424	-9,149	23,795
share issue	0	0	0	0	0	0	0	1	0	0	0	0	0	0	10
interest	-71,003	-39,869	-27,592	-18,971	-15,696	-8,346	-466	-373	295	273	56	8	8	8	4
cash flow from financing	-106,303	28,725	224,478	-58,200	-12,196	175,817	-24,459	32,581	15,588	13,016	17,419	-3,775	-7,416	-9,141	23,809
cash and cash equivalents
cash	-12,500	54,955	29,907	-31,505	22,868	11,092	-43	-21,598	-59,186	67,783	19,200	0	0	-1	1,526
overdraft	194,423	28,531	-183,939	250,852	4,659	80,216	-13,165	14,349	0	0	0	0	0	0	0
change in cash	-206,923	26,424	213,846	-282,357	18,209	-69,124	13,122	-35,947	-59,186	67,783	19,200	0	0	-1	1,526

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for fast trak limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in M23 area or any other competitors across 12 key performance metrics.

FAST TRAK LIMITED group structure

Fast Trak Limited has no subsidiary companies.

Ultimate parent company

FAST TRAK LIMITED

05245682

FAST TRAK LIMITED Shareholders

asif ayub	90.91%
farha raoof	9.09%

Fast Trak Limited currently has 1 director, Mr Asif Ayub serving since Sep 2004.

officer	country	age	start	end	role
Mr Asif Ayub		54 years	Sep 2004	-	Director

P&L

July 2023

turnover

+32%

operating profit

76.3k

gross margin

27.4%

-2.21%

turnover

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

Balance Sheet

July 2023

net assets

14.5k

+0.38%

total assets

2.7m

+0.18%

cash

82.5k

-0.13%

net assets

Total assets minus all liabilities

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company number

05245682

Type

Private limited with Share Capital

industry

46900 - Non-specialised wholesale trade

incorporation date

September 2004

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

July 2023

address

unit g ennis close, roundthorn industrial estate, manchester, M23 9LE

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 4 charges/mortgages relating to fast trak limited. Currently there are 1 open charges and 3 have been satisfied in the past.

fast trak limited Company Information

fast trak limited Estimated Valuation

fast trak limited Estimated Valuation

fast trak limited Estimated Valuation

Fast Trak Limited Overview

Fast Trak Limited Health Check

FAST TRAK LIMITED financials

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fast trak limited Ownership

fast trak limited directors

fast trak limited company details

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fast trak limited Companies House Filings - See Documents