fairtech engineering services limited
fairtech engineering services limited Company Information
Company Number
06084111
Website
www.fairtech.comRegistered Address
st george's lodge oldfield road, bath, BA2 3NE
Industry
Specialised design activities
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Directors
Subramani Srinivasan9 Years
Shareholders
fairtech engineering services private ltd 100%
fairtech engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRTECH ENGINEERING SERVICES LIMITED at £259.1k based on a Turnover of £504.2k and 0.51x industry multiple (adjusted for size and gross margin).
fairtech engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRTECH ENGINEERING SERVICES LIMITED at £54.8k based on an EBITDA of £13.6k and a 4.01x industry multiple (adjusted for size and gross margin).
fairtech engineering services limited Estimated Valuation
Pomanda estimates the enterprise value of FAIRTECH ENGINEERING SERVICES LIMITED at £0 based on Net Assets of £-1.1k and 2.48x industry multiple (adjusted for liquidity).
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Fairtech Engineering Services Limited Overview
Fairtech Engineering Services Limited is a dissolved company that was located in bath, BA2 3NE with a Companies House number of 06084111. It operated in the specialised design activities sector, SIC Code 74100. Founded in February 2007, it's largest shareholder was fairtech engineering services private ltd with a 100% stake. The last turnover for Fairtech Engineering Services Limited was estimated at £504.2k.
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Fairtech Engineering Services Limited Health Check
Pomanda's financial health check has awarded Fairtech Engineering Services Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £504.2k, make it larger than the average company (£150.2k)
- Fairtech Engineering Services Limited
£150.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (5.6%)
- Fairtech Engineering Services Limited
5.6% - Industry AVG
Production
with a gross margin of 55.4%, this company has a comparable cost of product (55.4%)
- Fairtech Engineering Services Limited
55.4% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (12.2%)
- Fairtech Engineering Services Limited
12.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Fairtech Engineering Services Limited
6 - Industry AVG
Pay Structure
on an average salary of £40.8k, the company has an equivalent pay structure (£40.8k)
- Fairtech Engineering Services Limited
£40.8k - Industry AVG
Efficiency
resulting in sales per employee of £252.1k, this is more efficient (£97.3k)
- Fairtech Engineering Services Limited
£97.3k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (70 days)
- Fairtech Engineering Services Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 202 days, this is slower than average (43 days)
- Fairtech Engineering Services Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fairtech Engineering Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (26 weeks)
7 weeks - Fairtech Engineering Services Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.7%, this is a higher level of debt than the average (60.9%)
100.7% - Fairtech Engineering Services Limited
60.9% - Industry AVG
FAIRTECH ENGINEERING SERVICES LIMITED financials
Fairtech Engineering Services Limited's latest turnover from March 2019 is estimated at £504.2 thousand and the company has net assets of -£1.1 thousand. According to their latest financial statements, Fairtech Engineering Services Limited has 2 employees and maintains cash reserves of £23.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 2 | 2 | 4 | 13 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 96 | 128 | 171 | 228 | 304 | 405 | 275 | 367 | 550 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 0 | 96 | 128 | 171 | 228 | 304 | 405 | 275 | 367 | 550 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 128,782 | 141,984 | 163,848 | 161,287 | 192,590 | 212,661 | 102,599 | 82,731 | 40,727 | 43,572 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 23,597 | 26,958 | 331 | 48,377 | 92,564 | 136,992 | 18,084 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 152,379 | 168,942 | 164,179 | 209,664 | 285,154 | 349,653 | 120,683 | 82,731 | 40,727 | 43,572 |
| total assets | 152,379 | 169,038 | 164,307 | 209,835 | 285,382 | 349,957 | 121,088 | 83,006 | 41,094 | 44,122 |
| Bank overdraft | 0 | 15,259 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 124,700 | 124,699 | 139,700 | 221,683 | 271,043 | 340,839 | 138,886 | 98,379 | 71,421 | 69,105 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 28,793 | 40,902 | 48,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 153,493 | 180,860 | 188,348 | 221,683 | 271,043 | 340,839 | 138,886 | 98,379 | 71,421 | 69,105 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 153,493 | 180,860 | 188,348 | 221,683 | 271,043 | 340,839 | 138,886 | 98,379 | 71,421 | 69,105 |
| net assets | -1,114 | -11,822 | -24,041 | -11,848 | 14,339 | 9,118 | -17,798 | -15,373 | -30,327 | -24,983 |
| total shareholders funds | -1,114 | -11,822 | -24,041 | -11,848 | 14,339 | 9,118 | -17,798 | -15,373 | -30,327 | -24,983 |
| 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 | 96 | 32 | 43 | 57 | 76 | 101 | 136 | 92 | 183 | 163 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,202 | -21,864 | 2,561 | -31,303 | -20,071 | 110,062 | 19,868 | 42,004 | -2,845 | 43,572 |
| Creditors | 1 | -15,001 | -81,983 | -49,360 | -69,796 | 201,953 | 40,507 | 26,958 | 2,316 | 69,105 |
| Accruals and Deferred Income | -12,109 | -7,746 | 48,648 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -3,361 | 26,627 | -48,046 | -44,187 | -44,428 | 118,908 | 18,084 | 0 | 0 | 0 |
| overdraft | -15,259 | 15,259 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 11,898 | 11,368 | -48,046 | -44,187 | -44,428 | 118,908 | 18,084 | 0 | 0 | 0 |
fairtech engineering services limited Credit Report and Business Information
Fairtech Engineering Services Limited Competitor Analysis
Perform a competitor analysis for fairtech engineering services limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in BA2 area or any other competitors across 12 key performance metrics.
fairtech engineering services limited Ownership
FAIRTECH ENGINEERING SERVICES LIMITED group structure
Fairtech Engineering Services Limited has no subsidiary companies.
Ultimate parent company
FAIRTECH ENGINEERING SERVICES PRIVATE
#0087715
1 parent
FAIRTECH ENGINEERING SERVICES LIMITED
06084111
fairtech engineering services limited directors
Fairtech Engineering Services Limited currently has 1 director, Mr Subramani Srinivasan serving since May 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Subramani Srinivasan | England | 64 years | May 2015 | - | Director |
P&L
March 2019turnover
504.2k
-16%
operating profit
13.5k
0%
gross margin
55.5%
-3.77%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
-1.1k
-0.91%
total assets
152.4k
-0.1%
cash
23.6k
-0.12%
net assets
Total assets minus all liabilities
Similar Companies
fairtech engineering services limited company details
company number
06084111
Type
Private limited with Share Capital
industry
74100 - Specialised design activities
incorporation date
February 2007
age
17
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2019
address
st george's lodge oldfield road, bath, BA2 3NE
accountant
-
auditor
-
fairtech engineering services 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 fairtech engineering services limited.
fairtech engineering services limited Companies House Filings - See Documents
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