fiveten acquisition limited
fiveten acquisition limited Company Information
Company Number
05916136
Website
www.fivetengroup.comRegistered Address
7th floor 7th floor, 21 lombard street, london, EC3V 9AH
Industry
Activities of head offices
Telephone
02078506100
Next Accounts Due
October 2024
Group Structure
View All
Directors
Michael Joyce8 Years
Shareholders
fiveten group ltd 100%
fiveten acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of FIVETEN ACQUISITION LIMITED at £669.5k based on a Turnover of £471k and 1.42x industry multiple (adjusted for size and gross margin).
fiveten acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of FIVETEN ACQUISITION LIMITED at £0 based on an EBITDA of £-2.7m and a 9.53x industry multiple (adjusted for size and gross margin).
fiveten acquisition limited Estimated Valuation
Pomanda estimates the enterprise value of FIVETEN ACQUISITION LIMITED at £0 based on Net Assets of £-29.4m and 2.68x industry multiple (adjusted for liquidity).
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Fiveten Acquisition Limited Overview
Fiveten Acquisition Limited is a dissolved company that was located in london, EC3V 9AH with a Companies House number of 05916136. It operated in the activities of head offices sector, SIC Code 70100. Founded in August 2006, it's largest shareholder was fiveten group ltd with a 100% stake. The last turnover for Fiveten Acquisition Limited was estimated at £471k.
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Fiveten Acquisition Limited Health Check
Pomanda's financial health check has awarded Fiveten Acquisition Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs
1 Strong
0 Regular
9 Weak
Size
annual sales of £471k, make it smaller than the average company (£16.6m)
£471k - Fiveten Acquisition Limited
£16.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (4.2%)
-9% - Fiveten Acquisition Limited
4.2% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (32.5%)
100% - Fiveten Acquisition Limited
32.5% - Industry AVG
Profitability
an operating margin of -584.3% make it less profitable than the average company (5.1%)
-584.3% - Fiveten Acquisition Limited
5.1% - Industry AVG
Employees
with 26 employees, this is below the industry average (118)
26 - Fiveten Acquisition Limited
118 - Industry AVG
Pay Structure
on an average salary of £52.2k, the company has a higher pay structure (£38k)
£52.2k - Fiveten Acquisition Limited
£38k - Industry AVG
Efficiency
resulting in sales per employee of £18.1k, this is less efficient (£156.9k)
£18.1k - Fiveten Acquisition Limited
£156.9k - Industry AVG
Debtor Days
it gets paid by customers after 86 days, this is later than average (50 days)
86 days - Fiveten Acquisition Limited
50 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Fiveten Acquisition Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fiveten Acquisition Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Fiveten Acquisition Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 161.1%, this is a higher level of debt than the average (62.5%)
161.1% - Fiveten Acquisition Limited
62.5% - Industry AVG
FIVETEN ACQUISITION LIMITED financials
Fiveten Acquisition Limited's latest turnover from December 2016 is £471 thousand and the company has net assets of -£29.4 million. According to their latest financial statements, Fiveten Acquisition Limited has 26 employees and maintains cash reserves of £27 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 471,000 | 689,000 | 668,000 | 627,000 | 511,000 | 189,000 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cost Of Sales | 0 | 2,000 | 1,000 | 9,000 | 1,000 | 0 | 0 | |
| Gross Profit | 471,000 | 687,000 | 667,000 | 618,000 | 510,000 | 189,000 | 0 | |
| Admin Expenses | 3,223,000 | 1,627,000 | 1,593,000 | 894,000 | 13,806,000 | -2,719,000 | 8,913,000 | |
| Operating Profit | -2,752,000 | -940,000 | -926,000 | -276,000 | -13,296,000 | 2,908,000 | -8,913,000 | -9,900,000 |
| Interest Payable | 2,397,000 | 5,919,000 | 5,624,000 | 5,364,000 | 5,225,000 | 4,973,000 | 4,567,000 | 6,496,000 |
| Interest Receivable | 3,000 | 341,000 | 13,000 | 14,000 | 566,000 | 1,046,000 | 937,000 | 1,202,000 |
| Pre-Tax Profit | -5,146,000 | -6,518,000 | -5,376,000 | -2,109,000 | -17,591,000 | -1,138,000 | -5,279,000 | -15,716,000 |
| Tax | 38,000 | 52,000 | 510,000 | 235,000 | 327,000 | 98,000 | 17,000 | 1,268,000 |
| Profit After Tax | -5,108,000 | -6,466,000 | -4,866,000 | -1,874,000 | -17,264,000 | -1,040,000 | -5,262,000 | -14,448,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -5,108,000 | -6,466,000 | -4,866,000 | -1,874,000 | -17,264,000 | -1,040,000 | -5,262,000 | -14,448,000 |
| Employee Costs | 1,356,000 | 985,000 | 1,109,000 | 417,000 | 202,000 | 168,000 | 0 | 0 |
| Number Of Employees | 26 | 12 | 12 | 5 | 3 | 4 | 4 | 4 |
| EBITDA* | -2,722,000 | -879,000 | -842,000 | -235,000 | -13,296,000 | 2,908,000 | -8,913,000 | -9,900,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,000 | 29,000 | 79,000 | 140,000 | 9,000 | 12,000 | 0 | 0 |
| Intangible Assets | 36,000 | 36,000 | 31,000 | 10,000 | 0 | 0 | 0 | 0 |
| Investments & Other | 47,148,000 | 47,005,000 | 47,005,000 | 47,005,000 | 48,051,000 | 47,004,000 | 47,004,000 | 47,004,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 47,189,000 | 47,070,000 | 47,115,000 | 47,155,000 | 48,060,000 | 47,016,000 | 47,004,000 | 47,004,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 111,000 | 104,000 | 196,000 | 96,000 | 141,000 | 73,000 | 0 | 0 |
| Group Debtors | 640,000 | 670,000 | 746,000 | 734,000 | 381,000 | 11,238,000 | 10,365,000 | 11,009,000 |
| Misc Debtors | 230,000 | 200,000 | 1,018,000 | 954,000 | 1,031,000 | 848,000 | 541,000 | 1,514,000 |
| Cash | 27,000 | 125,000 | 270,000 | 168,000 | 369,000 | 33,000 | 42,000 | 1,423,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 118,000 | 0 |
| total current assets | 1,008,000 | 1,099,000 | 2,230,000 | 1,952,000 | 1,922,000 | 12,192,000 | 11,066,000 | 13,946,000 |
| total assets | 48,197,000 | 48,169,000 | 49,345,000 | 49,107,000 | 49,982,000 | 59,208,000 | 58,070,000 | 60,950,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 493,000 | 0 | 0 |
| Bank loan | 0 | 0 | 939,000 | 1,221,000 | 1,104,000 | 0 | 0 | 0 |
| Trade Creditors | 3,000 | 0 | 1,000 | 2,000 | 5,000 | 7,000 | 0 | 0 |
| Group/Directors Accounts | 74,581,000 | 78,471,000 | 68,108,000 | 59,769,000 | 58,597,000 | 51,252,000 | 50,414,000 | 48,596,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 269,000 | 361,000 | 243,000 | 1,664,000 | 1,536,000 | 1,185,000 | 692,000 | 365,000 |
| total current liabilities | 74,853,000 | 78,832,000 | 69,291,000 | 62,656,000 | 61,242,000 | 52,937,000 | 51,106,000 | 48,961,000 |
| loans | 2,786,000 | 1,928,000 | 6,133,000 | 7,759,000 | 8,160,000 | 8,427,000 | 8,080,000 | 7,843,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 71,000 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,786,000 | 1,928,000 | 6,204,000 | 7,760,000 | 8,160,000 | 8,427,000 | 8,080,000 | 7,843,000 |
| total liabilities | 77,639,000 | 80,760,000 | 75,495,000 | 70,416,000 | 69,402,000 | 61,364,000 | 59,186,000 | 56,804,000 |
| net assets | -29,442,000 | -32,591,000 | -26,150,000 | -21,309,000 | -19,420,000 | -2,156,000 | -1,116,000 | 4,146,000 |
| total shareholders funds | -29,442,000 | -32,591,000 | -26,150,000 | -21,309,000 | -19,420,000 | -2,156,000 | -1,116,000 | 4,146,000 |
| Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -2,752,000 | -940,000 | -926,000 | -276,000 | -13,296,000 | 2,908,000 | -8,913,000 | -9,900,000 |
| Depreciation | 21,000 | 61,000 | 84,000 | 41,000 | 0 | 0 | 0 | 0 |
| Amortisation | 9,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 38,000 | 52,000 | 510,000 | 235,000 | 327,000 | 98,000 | 17,000 | 1,268,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 7,000 | -986,000 | 176,000 | 231,000 | -10,606,000 | 1,253,000 | -1,617,000 | 12,523,000 |
| Creditors | 3,000 | -1,000 | -1,000 | -3,000 | -2,000 | 7,000 | 0 | 0 |
| Accruals and Deferred Income | -92,000 | 47,000 | -1,350,000 | 128,000 | 351,000 | 493,000 | 327,000 | 365,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,780,000 | 205,000 | -1,859,000 | -106,000 | -2,014,000 | 2,253,000 | -6,952,000 | -20,790,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 143,000 | 0 | 0 | -1,046,000 | 1,047,000 | 0 | 0 | 47,004,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | -939,000 | -282,000 | 117,000 | 1,104,000 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,890,000 | 10,363,000 | 8,339,000 | 1,172,000 | 7,345,000 | 838,000 | 1,818,000 | 48,596,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 858,000 | -4,205,000 | -1,626,000 | -401,000 | -267,000 | 347,000 | 237,000 | 7,843,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -1,000 | 1,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -2,394,000 | -5,578,000 | -5,611,000 | -5,350,000 | -4,659,000 | -3,927,000 | -3,630,000 | -5,294,000 |
| cash flow from financing | 2,831,000 | -334,000 | 844,000 | -4,476,000 | 3,523,000 | -2,742,000 | -1,575,000 | 69,739,000 |
| cash and cash equivalents | ||||||||
| cash | -98,000 | -145,000 | 102,000 | -201,000 | 336,000 | -9,000 | -1,381,000 | 1,423,000 |
| overdraft | 0 | 0 | 0 | 0 | -493,000 | 493,000 | 0 | 0 |
| change in cash | -98,000 | -145,000 | 102,000 | -201,000 | 829,000 | -502,000 | -1,381,000 | 1,423,000 |
fiveten acquisition limited Credit Report and Business Information
Fiveten Acquisition Limited Competitor Analysis
Perform a competitor analysis for fiveten acquisition limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in EC3V area or any other competitors across 12 key performance metrics.
fiveten acquisition limited Ownership
FIVETEN ACQUISITION LIMITED group structure
Fiveten Acquisition Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
FIVETEN ACQUISITION LIMITED
05916136
3 subsidiaries
fiveten acquisition limited directors
Fiveten Acquisition Limited currently has 1 director, Mr Michael Joyce serving since Jan 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Joyce | England | 55 years | Jan 2016 | - | Director |
P&L
December 2016turnover
471k
-32%
operating profit
-2.8m
+193%
gross margin
100%
+0.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2016net assets
-29.4m
-0.1%
total assets
48.2m
0%
cash
27k
-0.78%
net assets
Total assets minus all liabilities
fiveten acquisition limited company details
company number
05916136
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
August 2006
age
18
incorporated
UK
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
greythorn acquisition limited (December 2007)
jactag acquisition limited (May 2007)
last accounts submitted
December 2016
address
7th floor 7th floor, 21 lombard street, london, EC3V 9AH
accountant
-
auditor
-
fiveten acquisition 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 did not find charges/mortgages relating to fiveten acquisition limited.
fiveten acquisition limited Companies House Filings - See Documents
| date | description | view/download |
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