Pomanda estimates the enterprise value of FASTRACK HIRE SOLUTIONS LTD at £817.2k based on a Turnover of £1.3m and 0.61x industry multiple (adjusted for size and gross margin).
fastrack hire solutions ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of FASTRACK HIRE SOLUTIONS LTD at £0 based on an EBITDA of £-390k and a 3.27x industry multiple (adjusted for size and gross margin).
fastrack hire solutions ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of FASTRACK HIRE SOLUTIONS LTD at £1.3m based on Net Assets of £542.8k and 2.41x industry multiple (adjusted for liquidity).
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Fastrack Hire Solutions LtdOverview
Fastrack Hire Solutions Ltd is a live company located in liversedge, WF15 7EN with a Companies House number of 06437735. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 2007, it's largest shareholder is
waqaas cheema
with a 90% stake. Fastrack Hire Solutions Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£1.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Fastrack Hire Solutions Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2out of 5
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.3m, make it larger than the average company (£915.9k)
£1.3m - Fastrack Hire Solutions Ltd
£915.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6.8%)
-17% - Fastrack Hire Solutions Ltd
6.8% - Industry AVG
Production
with a gross margin of 20.2%, this company has a higher cost of product (41.5%)
20.2% - Fastrack Hire Solutions Ltd
41.5% - Industry AVG
Profitability
an operating margin of -28.9% make it less profitable than the average company (6.5%)
-28.9% - Fastrack Hire Solutions Ltd
6.5% - Industry AVG
Employees
with 7 employees, this is below the industry average (14)
7 - Fastrack Hire Solutions Ltd
14 - Industry AVG
Pay Structure
on an average salary of £30.8k, the company has an equivalent pay structure (£30.8k)
£30.8k - Fastrack Hire Solutions Ltd
£30.8k - Industry AVG
Efficiency
resulting in sales per employee of £192.5k, this is more efficient (£89.5k)
£192.5k - Fastrack Hire Solutions Ltd
£89.5k - Industry AVG
Debtor Days
it gets paid by customers after 104 days, this is later than average (30 days)
104 days - Fastrack Hire Solutions Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (39 days)
11 days - Fastrack Hire Solutions Ltd
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Fastrack Hire Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fastrack Hire Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.7%, this is a higher level of debt than the average (45%)
66.7% - Fastrack Hire Solutions Ltd
45% - Industry AVG
FASTRACK HIRE SOLUTIONS LTD financials
EXPORT
Fastrack Hire Solutions Ltd's latest turnover from November 2023 is estimated at £1.3 million and the company has net assets of £542.8 thousand. According to their latest financial statements, we estimate that Fastrack Hire Solutions Ltd has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Turnover
1,347,665
2,257,725
2,352,134
2,367,143
1,753,329
2,802,810
1,642,627
1,848,630
1,516,554
585,737
469,959
590,880
148,381
171,960
Other Income Or Grants
Cost Of Sales
1,075,434
1,831,290
1,928,880
1,938,365
1,419,331
2,256,276
1,308,613
1,455,494
1,194,709
465,694
367,353
462,695
115,360
131,316
Gross Profit
272,231
426,435
423,254
428,778
333,998
546,534
334,014
393,136
321,845
120,043
102,606
128,185
33,022
40,645
Admin Expenses
662,239
119,458
120,454
149,515
439,394
475,351
310,637
352,698
254,013
43,243
6,520
75,705
48,094
-8,251
41,465
Operating Profit
-390,008
306,977
302,800
279,263
-105,396
71,183
23,377
40,438
67,832
76,800
96,086
52,480
-15,072
48,896
-41,465
Interest Payable
Interest Receivable
109
517
505
257
139
223
197
63
Pre-Tax Profit
-390,008
306,977
302,800
279,263
-105,396
71,183
23,377
40,548
68,349
77,305
96,343
52,618
-14,849
49,093
-41,402
Tax
-58,326
-57,532
-53,060
-13,525
-4,442
-8,109
-13,670
-16,234
-22,159
-12,628
-13,746
Profit After Tax
-390,008
248,651
245,268
226,203
-105,396
57,658
18,935
32,438
54,679
61,071
74,184
39,990
-14,849
35,347
-41,402
Dividends Paid
Retained Profit
-390,008
248,651
245,268
226,203
-105,396
57,658
18,935
32,438
54,679
61,071
74,184
39,990
-14,849
35,347
-41,402
Employee Costs
215,667
58,261
84,698
105,949
81,178
443,207
247,728
318,498
238,358
104,370
77,714
103,333
25,544
49,226
Number Of Employees
7
2
3
4
3
17
10
12
9
4
3
4
1
2
EBITDA*
-390,008
306,977
302,800
279,263
-105,396
71,183
23,377
40,438
107,344
120,548
125,831
75,047
3,707
69,838
-25,498
* Earnings Before Interest, Tax, Depreciation and Amortisation
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Tangible Assets
1,244,330
1,318,736
884,824
536,047
312,060
193,261
178,830
160,869
119,656
133,057
97,635
84,395
59,406
52,616
49,232
Intangible Assets
Investments & Other
6,100
944
944
944
Debtors (Due After 1 year)
Total Fixed Assets
1,244,330
1,318,736
884,824
536,047
312,060
193,261
178,830
160,869
125,756
134,001
98,579
85,339
59,406
52,616
49,232
Stock & work in progress
Trade Debtors
384,206
884,581
1,171,738
912,352
656,656
715,216
453,317
476,215
329,011
120,000
96,078
125,000
20,000
Group Debtors
Misc Debtors
Cash
87,457
119,300
82,783
19,838
35,568
53,572
25,232
misc current assets
total current assets
384,206
884,581
1,171,738
912,352
656,656
715,216
453,317
476,215
416,468
239,300
178,861
144,838
35,568
53,572
45,232
total assets
1,628,536
2,203,317
2,056,562
1,448,399
968,716
908,477
632,147
637,084
542,224
373,301
277,440
230,177
94,974
106,188
94,464
Bank overdraft
Bank loan
Trade Creditors
33,190
851,095
93,342
592,647
483,093
330,012
122,340
144,323
272,955
139,133
97,097
131,415
59,178
71,698
81,805
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities
33,190
851,095
93,342
592,647
483,093
330,012
122,340
144,323
272,955
139,133
97,097
131,415
59,178
71,698
81,805
loans
hp & lease commitments
Accruals and Deferred Income
769,653
75,921
935,570
77,370
77,370
107,816
107,816
149,130
other liabilities
282,924
343,524
343,524
339,524
195,598
152,598
141,598
102,173
60,149
79,727
86,973
79,576
56,600
40,445
53,961
provisions
total long term liabilities
1,052,577
419,445
1,279,094
416,894
272,968
260,414
249,414
251,303
60,149
79,727
86,973
79,576
56,600
40,445
53,961
total liabilities
1,085,767
1,270,540
1,372,436
1,009,541
756,061
590,426
371,754
395,626
333,104
218,860
184,070
210,991
115,778
112,143
135,766
net assets
542,769
932,777
684,126
438,858
212,655
318,051
260,393
241,458
209,120
154,441
93,370
19,186
-20,804
-5,955
-41,302
total shareholders funds
542,769
932,777
684,126
438,858
212,655
318,051
260,393
241,458
209,120
154,441
93,370
19,186
-20,804
-5,955
-41,302
Nov 2023
Nov 2022
Nov 2021
Nov 2020
Nov 2019
Nov 2018
Nov 2017
Nov 2016
Nov 2015
Nov 2014
Nov 2013
Nov 2012
Nov 2011
Nov 2010
Nov 2009
Operating Activities
Operating Profit
-390,008
306,977
302,800
279,263
-105,396
71,183
23,377
40,438
67,832
76,800
96,086
52,480
-15,072
48,896
-41,465
Depreciation
39,512
43,748
29,745
22,567
18,779
20,942
15,967
Amortisation
Tax
-58,326
-57,532
-53,060
-13,525
-4,442
-8,109
-13,670
-16,234
-22,159
-12,628
-13,746
Stock
Debtors
-500,375
-287,157
259,386
255,696
-58,560
261,899
-22,898
147,204
209,011
23,922
-28,922
125,000
-20,000
20,000
Creditors
-817,905
757,753
-499,305
109,554
153,081
207,672
-21,983
-128,632
133,822
42,036
-34,318
72,237
-12,520
-10,107
81,805
Accruals and Deferred Income
693,732
-859,649
858,200
-30,446
-41,314
149,130
Deferred Taxes & Provisions
Cash flow from operations
-13,806
433,912
344,777
80,061
75,799
3,431
-21,464
-94,377
18,485
122,428
98,276
9,656
-8,813
65,985
36,307
Investing Activities
capital expenditure
74,406
-433,912
-348,777
-223,987
-118,799
-14,431
-17,961
-41,213
-26,111
-79,170
-42,985
-47,556
-25,569
-24,326
-65,199
Change in Investments
-6,100
5,156
944
cash flow from investments
74,406
-433,912
-348,777
-223,987
-118,799
-14,431
-17,961
-35,113
-31,267
-79,170
-42,985
-48,500
-25,569
-24,326
-65,199
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-60,600
4,000
143,926
43,000
11,000
39,425
42,024
-19,578
-7,246
7,397
22,976
16,155
-13,516
53,961
share issue
-100
100
interest
109
517
505
257
139
223
197
63
cash flow from financing
-60,600
4,000
143,926
43,000
11,000
39,425
42,033
-19,061
-6,741
7,654
23,115
16,378
-13,319
54,124
cash and cash equivalents
cash
-87,457
-31,843
36,517
62,945
-15,730
-18,004
28,340
25,232
overdraft
change in cash
-87,457
-31,843
36,517
62,945
-15,730
-18,004
28,340
25,232
fastrack hire solutions ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for fastrack hire solutions ltd. Get real-time insights into fastrack hire solutions ltd's credit score, group structure and payment trends.
Perform a competitor analysis for fastrack hire solutions ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in WF15 area or any other competitors across 12 key performance metrics.
fastrack hire solutions ltd Ownership
FASTRACK HIRE SOLUTIONS LTD group structure
Fastrack Hire Solutions Ltd has no subsidiary companies.
Ultimate parent company
FASTRACK HIRE SOLUTIONS LTD
06437735
FASTRACK HIRE SOLUTIONS LTD Shareholders
The largest shareholders in Fastrack Hire Solutions Ltd include Waqaas Cheema and Mohammed Shakeel Faraz.
waqaas cheema
90%
mohammed shakeel faraz
10%
fastrack hire solutions ltd directors
Fastrack Hire Solutions Ltd currently has 2 directors.
The longest serving directors include
Mr Mohammed Faraz (Dec 2007) and
Mr Waqaas Cheema (Oct 2023).
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 fastrack hire solutions ltd.
fastrack hire solutions ltd 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.
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fastrack hire solutions ltdCompanies House Filings - See Documents
