formidable capital assets limited
formidable capital assets limited Company Information
Company Number
05441100
Website
http://tetrosyl.comRegistered Address
newgate house newgate, rochdale, OL16 1XB
Industry
Other business support service activities n.e.c.
Telephone
01617645981
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
tetrosyl group ltd 100%
formidable capital assets limited Estimated Valuation
Pomanda estimates the enterprise value of FORMIDABLE CAPITAL ASSETS LIMITED at £3.1m based on a Turnover of £2.9m and 1.08x industry multiple (adjusted for size and gross margin).
formidable capital assets limited Estimated Valuation
Pomanda estimates the enterprise value of FORMIDABLE CAPITAL ASSETS LIMITED at £22.8m based on an EBITDA of £2.7m and a 8.46x industry multiple (adjusted for size and gross margin).
formidable capital assets limited Estimated Valuation
Pomanda estimates the enterprise value of FORMIDABLE CAPITAL ASSETS LIMITED at £87.7m based on Net Assets of £38.7m and 2.27x industry multiple (adjusted for liquidity).
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Formidable Capital Assets Limited Overview
Formidable Capital Assets Limited is a live company located in rochdale, OL16 1XB with a Companies House number of 05441100. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2005, it's largest shareholder is tetrosyl group ltd with a 100% stake. Formidable Capital Assets Limited is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.
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Formidable Capital Assets Limited Health Check
Pomanda's financial health check has awarded Formidable Capital Assets Limited a 4.5 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
5 Strong
1 Regular
2 Weak
Size
annual sales of £2.9m, make it in line with the average company (£3m)
£2.9m - Formidable Capital Assets Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.1%)
- Formidable Capital Assets Limited
4.1% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (38.8%)
100% - Formidable Capital Assets Limited
38.8% - Industry AVG
Profitability
an operating margin of 59.2% make it more profitable than the average company (6.5%)
59.2% - Formidable Capital Assets Limited
6.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (20)
3 - Formidable Capital Assets Limited
20 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Formidable Capital Assets Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £972.7k, this is more efficient (£136.7k)
£972.7k - Formidable Capital Assets Limited
£136.7k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (39 days)
17 days - Formidable Capital Assets Limited
39 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Formidable Capital Assets Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Formidable Capital Assets Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Formidable Capital Assets Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 24.8%, this is a lower level of debt than the average (60%)
24.8% - Formidable Capital Assets Limited
60% - Industry AVG
formidable capital assets limited Credit Report and Business Information
Formidable Capital Assets Limited Competitor Analysis
Perform a competitor analysis for formidable capital assets limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
formidable capital assets limited Ownership
FORMIDABLE CAPITAL ASSETS LIMITED group structure
Formidable Capital Assets Limited has no subsidiary companies.
Ultimate parent company
1 parent
FORMIDABLE CAPITAL ASSETS LIMITED
05441100
formidable capital assets limited directors
Formidable Capital Assets Limited currently has 3 directors. The longest serving directors include Mr Peter Schofield (May 2005) and Mr Nicholas Bent (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Schofield | England | 62 years | May 2005 | - | Director |
| Mr Nicholas Bent | England | 50 years | Aug 2021 | - | Director |
| Mr Michael Green | England | 61 years | Jan 2022 | - | Director |
FORMIDABLE CAPITAL ASSETS LIMITED financials
Formidable Capital Assets Limited's latest turnover from March 2023 is £2.9 million and the company has net assets of £38.7 million. According to their latest financial statements, Formidable Capital Assets Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,918,000 | 2,905,000 | 2,508,000 | 2,957,000 | 2,389,000 | 2,373,000 | 2,307,000 | 2,303,000 | 2,303,000 | 2,279,000 | 2,233,000 | 2,320,000 | 2,320,000 | 2,347,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 2,918,000 | 2,905,000 | 2,508,000 | 2,957,000 | 2,389,000 | 2,373,000 | 2,307,000 | 2,303,000 | 2,303,000 | 2,279,000 | 2,233,000 | 2,320,000 | 2,320,000 | 2,347,000 |
| Admin Expenses | 1,192,000 | 923,000 | 1,169,000 | -6,567,000 | 1,233,000 | 775,000 | 312,000 | 119,000 | 132,000 | 378,000 | 367,000 | 524,000 | 551,000 | 330,000 |
| Operating Profit | 1,726,000 | 1,982,000 | 1,339,000 | 9,524,000 | 1,156,000 | 1,598,000 | 1,995,000 | 2,184,000 | 2,171,000 | 1,901,000 | 1,866,000 | 1,796,000 | 1,769,000 | 2,017,000 |
| Interest Payable | 388,000 | 174,000 | 204,000 | 350,000 | 273,000 | 325,000 | 137,000 | 24,000 | 21,000 | 26,000 | 60,000 | 63,000 | 94,000 | 127,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,338,000 | 1,808,000 | 1,135,000 | 9,174,000 | 883,000 | 1,273,000 | 1,858,000 | 2,160,000 | 2,150,000 | 1,875,000 | 1,806,000 | 1,733,000 | 1,675,000 | 1,890,000 |
| Tax | 25,000 | 138,000 | -181,000 | -137,000 | -481,000 | -324,000 | -470,000 | 167,000 | 511,000 | 9,000 | -520,000 | -584,000 | -607,000 | -597,000 |
| Profit After Tax | 1,363,000 | 1,946,000 | 954,000 | 9,037,000 | 402,000 | 949,000 | 1,388,000 | 2,327,000 | 2,661,000 | 1,884,000 | 1,286,000 | 1,149,000 | 1,068,000 | 1,293,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 1,363,000 | 1,946,000 | 954,000 | 9,037,000 | 402,000 | 949,000 | 1,388,000 | 2,327,000 | 2,661,000 | 1,884,000 | 1,286,000 | 1,149,000 | 1,068,000 | 1,293,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 3 | 3 | 2 | 2 | ||||||||||
| EBITDA* | 2,701,000 | 2,845,000 | 2,051,000 | 10,374,000 | 1,835,000 | 2,330,000 | 2,004,000 | 2,193,000 | 2,497,000 | 2,228,000 | 2,184,000 | 1,976,000 | 2,274,000 | 2,318,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 20,091,000 | 21,055,000 | 20,752,000 | 20,116,000 | 22,205,000 | 22,736,000 | 31,155,000 | 27,900,000 | 26,639,000 | 14,651,000 | 14,972,000 | 14,352,000 | 14,373,000 | 14,863,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,322,000 | 1,558,000 | 1,174,000 | 1,168,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 2,320,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 21,413,000 | 22,613,000 | 21,926,000 | 23,604,000 | 22,205,000 | 22,736,000 | 31,155,000 | 27,900,000 | 26,639,000 | 14,651,000 | 14,972,000 | 14,352,000 | 14,373,000 | 14,863,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 140,000 | 158,000 | 0 | 0 | 0 | 12,000 | 15,000 | 12,000 | 51,000 | 22,000 | 2,000 | 0 | 0 | 0 |
| Group Debtors | 29,914,000 | 27,487,000 | 22,127,000 | 20,377,000 | 15,867,000 | 16,570,000 | 14,757,000 | 8,552,000 | 6,112,000 | 4,902,000 | 3,531,000 | 3,468,000 | 2,978,000 | 3,703,000 |
| Misc Debtors | 2,000 | 359,000 | 2,376,000 | 2,504,000 | 2,000 | 0 | 0 | 0 | 193,000 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 44,000 | 143,000 | 66,000 | 212,000 | 249,000 | 154,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,056,000 | 28,004,000 | 24,503,000 | 22,881,000 | 15,869,000 | 16,582,000 | 14,772,000 | 8,564,000 | 6,400,000 | 5,067,000 | 3,599,000 | 3,680,000 | 3,227,000 | 3,857,000 |
| total assets | 51,469,000 | 50,617,000 | 46,429,000 | 46,485,000 | 38,074,000 | 39,318,000 | 45,927,000 | 36,464,000 | 33,039,000 | 19,718,000 | 18,571,000 | 18,032,000 | 17,600,000 | 18,720,000 |
| Bank overdraft | 663,000 | 13,000 | 63,000 | 107,000 | 10,000 | 153,000 | 5,309,000 | 1,449,000 | 990,000 | 720,000 | 0 | 0 | 0 | 0 |
| Bank loan | 1,200,000 | 925,000 | 9,750,000 | 1,000,000 | 1,000,000 | 0 | 0 | 515,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 221,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 2,514,000 | 0 | 0 | 0 | 1,698,000 | 0 | 0 | 0 | 0 | 0 | 30,000 | 30,000 | 30,000 |
| 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 | 188,000 | 776,000 | 717,000 | 488,000 | 352,000 | 193,000 | 470,000 | 36,000 | 25,000 | 20,000 | 2,000 | 0 | 0 | 0 |
| total current liabilities | 2,051,000 | 4,228,000 | 10,530,000 | 1,816,000 | 1,362,000 | 2,044,000 | 5,779,000 | 2,000,000 | 1,015,000 | 740,000 | 2,000 | 30,000 | 30,000 | 30,000 |
| loans | 9,900,000 | 8,325,000 | 0 | 9,750,000 | 11,000,000 | 12,000,000 | 16,000,000 | 280,000 | 0 | 574,000 | 2,049,000 | 2,768,000 | 3,485,000 | 5,673,000 |
| 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 | 167,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 834,000 | 743,000 | 524,000 | 497,000 | 327,000 | 124,000 | 114,000 | 1,559,000 | 1,726,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 10,734,000 | 9,068,000 | 524,000 | 10,247,000 | 11,327,000 | 12,291,000 | 16,114,000 | 1,839,000 | 1,726,000 | 574,000 | 2,049,000 | 2,768,000 | 3,485,000 | 5,673,000 |
| total liabilities | 12,785,000 | 13,296,000 | 11,054,000 | 12,063,000 | 12,689,000 | 14,335,000 | 21,893,000 | 3,839,000 | 2,741,000 | 1,314,000 | 2,051,000 | 2,798,000 | 3,515,000 | 5,703,000 |
| net assets | 38,684,000 | 37,321,000 | 35,375,000 | 34,422,000 | 25,385,000 | 24,983,000 | 24,034,000 | 32,625,000 | 30,298,000 | 18,404,000 | 16,520,000 | 15,234,000 | 14,085,000 | 13,017,000 |
| total shareholders funds | 38,684,000 | 37,321,000 | 35,375,000 | 34,422,000 | 25,385,000 | 24,983,000 | 24,034,000 | 32,625,000 | 30,298,000 | 18,404,000 | 16,520,000 | 15,234,000 | 14,085,000 | 13,017,000 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,726,000 | 1,982,000 | 1,339,000 | 9,524,000 | 1,156,000 | 1,598,000 | 1,995,000 | 2,184,000 | 2,171,000 | 1,901,000 | 1,866,000 | 1,796,000 | 1,769,000 | 2,017,000 |
| Depreciation | 975,000 | 863,000 | 712,000 | 850,000 | 679,000 | 732,000 | 9,000 | 9,000 | 326,000 | 327,000 | 318,000 | 180,000 | 505,000 | 301,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 25,000 | 138,000 | -181,000 | -137,000 | -481,000 | -324,000 | -470,000 | 167,000 | 511,000 | 9,000 | -520,000 | -584,000 | -607,000 | -597,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,052,000 | 3,501,000 | -698,000 | 25,201,000 | -713,000 | 1,810,000 | 6,208,000 | 2,208,000 | 1,432,000 | 1,391,000 | 65,000 | 490,000 | -725,000 | 3,703,000 |
| Creditors | 0 | 0 | -221,000 | 221,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -588,000 | 59,000 | 229,000 | 488,000 | 159,000 | -277,000 | 434,000 | 11,000 | 5,000 | 18,000 | 2,000 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 91,000 | 219,000 | 27,000 | 497,000 | 203,000 | 10,000 | -1,445,000 | -167,000 | 1,726,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 177,000 | -240,000 | 2,603,000 | -13,758,000 | 2,429,000 | -71,000 | -5,685,000 | -4,000 | 3,307,000 | 864,000 | 1,601,000 | 902,000 | 2,392,000 | -1,982,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -236,000 | 384,000 | 6,000 | 1,168,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 275,000 | -8,825,000 | 8,750,000 | 1,000,000 | 1,000,000 | 0 | -515,000 | 515,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -2,514,000 | 2,514,000 | 0 | 0 | -1,698,000 | 1,698,000 | 0 | 0 | 0 | 0 | -30,000 | 0 | 0 | 30,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,575,000 | 8,325,000 | -9,750,000 | 9,750,000 | -1,000,000 | -4,000,000 | 15,720,000 | 280,000 | -574,000 | -1,475,000 | -719,000 | -717,000 | -2,188,000 | 5,673,000 |
| 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 | -167,000 | 167,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -388,000 | -174,000 | -204,000 | -350,000 | -273,000 | -325,000 | -137,000 | -24,000 | -21,000 | -26,000 | -60,000 | -63,000 | -94,000 | -127,000 |
| cash flow from financing | -1,052,000 | 1,840,000 | -1,205,000 | 35,785,000 | -2,138,000 | -2,460,000 | 5,089,000 | 771,000 | 8,638,000 | -1,501,000 | -809,000 | -780,000 | -2,282,000 | 17,300,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44,000 | -99,000 | 77,000 | -146,000 | -37,000 | 95,000 | 154,000 |
| overdraft | 650,000 | -50,000 | -44,000 | 107,000 | -143,000 | -5,156,000 | 3,860,000 | 459,000 | 270,000 | 720,000 | 0 | 0 | 0 | 0 |
| change in cash | -650,000 | 50,000 | 44,000 | -107,000 | 143,000 | 5,156,000 | -3,860,000 | -503,000 | -369,000 | -643,000 | -146,000 | -37,000 | 95,000 | 154,000 |
P&L
March 2023turnover
2.9m
0%
operating profit
1.7m
-13%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
38.7m
+0.04%
total assets
51.5m
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
formidable capital assets limited company details
company number
05441100
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 2005
age
19
accounts
Full Accounts
ultimate parent company
previous names
tetrosyl properties limited (February 2008)
incorporated
UK
address
newgate house newgate, rochdale, OL16 1XB
last accounts submitted
March 2023
formidable capital assets limited 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 12 charges/mortgages relating to formidable capital assets limited. Currently there are 5 open charges and 7 have been satisfied in the past.
formidable capital assets limited Companies House Filings - See Documents
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