Freeman Drainage Services Limited

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freeman drainage services limited Company Information

Company Number

06710428

Next Accounts

Aug 2025

Directors

Ertan Hurer

Yiltan Hurer

Shareholders

yiltan hurer

Group Structure

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Industry

Sewerage

Registered Address

291 green lanes, london, N13 4XS

Website

freeman drainage services limited Estimated Valuation

£270.8k

Pomanda estimates the enterprise value of FREEMAN DRAINAGE SERVICES LIMITED at £270.8k based on a Turnover of £374k and 0.72x industry multiple (adjusted for size and gross margin).

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Freeman Drainage Services Limited is a live company located in london, N13 4XS with a Companies House number of 06710428. It operates in the sewerage sector, SIC Code 37000. Founded in September 2008, it's largest shareholder is yiltan hurer with a 100% stake. Freeman Drainage Services Limited is a established, micro sized company, Pomanda has estimated its turnover at £374k with declining growth in recent years.

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Pomanda's financial health check has awarded Freeman Drainage Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £374k, make it smaller than the average company (£12.3m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (8.3%)

EXPORT

Freeman Drainage Services Limited's latest turnover from November 2023 is estimated at £374 thousand and the company has net assets of £69.1 thousand. According to their latest financial statements, Freeman Drainage Services Limited has 3 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	374,017	352,818	384,084	530,469	275,625	242,448	215,707	64,896	131,609	67,415	42,674	71,936	102,217	132,385	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	294,135	254,596	271,975	359,982	204,219	189,619	170,829	48,704	95,097	47,137	29,703	50,810	74,215	91,495	0
Gross Profit	79,882	98,222	112,109	170,487	71,406	52,829	44,878	16,192	36,513	20,278	12,971	21,126	28,001	40,891	0
Admin Expenses	59,198	88,595	147,917	119,845	74,123	26,443	53,867	21,106	39,753	-7,554	19,518	20,064	26,920	8,975	654
Operating Profit	20,684	9,627	-35,808	50,642	-2,717	26,386	-8,989	-4,914	-3,240	27,832	-6,547	1,062	1,081	31,916	-654
Interest Payable	0	0	0	0	0	0	0	0	0	0	604	604	0	0	0
Interest Receivable	0	0	0	0	0	0	31	50	225	235	118	92	98	55	9
Pre-Tax Profit	20,684	9,627	-35,808	50,642	-2,717	26,386	-8,958	-4,864	-3,015	28,067	-7,033	549	1,180	31,971	-645
Tax	-5,171	-1,829	0	-9,622	0	-5,013	0	0	0	-5,894	0	-132	-307	-8,952	0
Profit After Tax	15,513	7,798	-35,808	41,020	-2,717	21,373	-8,958	-4,864	-3,015	22,173	-7,033	417	873	23,019	-645
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	15,513	7,798	-35,808	41,020	-2,717	21,373	-8,958	-4,864	-3,015	22,173	-7,033	417	873	23,019	-645
Employee Costs	142,685	136,421	128,612	121,952	115,133	73,890	111,749	37,049	37,156	36,964	34,933	34,476	32,500	33,787	0
Number Of Employees	3	3	3	3	3	2	3	1	1	1	1	1	1	1	0
EBITDA*	20,684	9,627	-35,808	50,642	-2,717	26,386	-8,989	-2,026	611	39,849	6,540	10,979	16,521	43,856	11,285

* 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	32,086	44,951	59,935	60,213	8,222	4,874	6,499	8,664	11,554	15,050	18,262	8,749	10,991	18,141	25,320
Intangible Assets	0	0	0	0	0	0	0	0	0	0	7,000	14,000	21,000	28,000	31,500
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	32,086	44,951	59,935	60,213	8,222	4,874	6,499	8,664	11,554	15,050	25,262	22,749	31,991	46,141	56,820
Stock & work in progress	0	0	0	0	0	0	0	5,500	22,500	450	450	650	450	550	5,857
Trade Debtors	117,624	102,620	118,646	162,399	82,140	85,961	76,822	19,835	0	0	0	20,458	29,561	36,177	49,522
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	1,124	0
Cash	0	0	0	0	0	0	0	12,334	27,440	62,655	31,361	15,854	20,750	18,616	3,517
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	117,624	102,620	118,646	162,399	82,140	85,961	76,822	37,669	49,940	63,105	31,811	36,962	50,761	56,467	58,896
total assets	149,710	147,571	178,581	222,612	90,362	90,835	83,321	46,333	61,494	78,155	57,073	59,711	82,752	102,608	115,716
Bank overdraft	0	0	0	0	0	0	0	0	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	59,329	48,124	63,839	48,852	27,602	16,971	25,756	13,718	19,755	29,501	25,502	13,306	18,952	24,661	47,274
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	59,329	48,124	63,839	48,852	27,602	16,971	25,756	13,718	19,755	29,501	25,502	13,306	18,952	24,661	47,274
loans	0	0	0	0	0	0	0	0	0	0	0	18,595	0	0	0
hp & lease commitments	0	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	0
other liabilities	21,235	45,814	68,907	92,117	22,137	30,524	35,598	1,590	5,850	9,750	14,840	4,046	40,453	55,473	68,987
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	21,235	45,814	68,907	92,117	22,137	30,524	35,598	1,590	5,850	9,750	14,840	22,641	40,453	55,473	68,987
total liabilities	80,564	93,938	132,746	140,969	49,739	47,495	61,354	15,308	25,605	39,251	40,342	35,947	59,405	80,134	116,261
net assets	69,146	53,633	45,835	81,643	40,623	43,340	21,967	31,025	35,889	38,904	16,731	23,764	23,347	22,474	-545
total shareholders funds	69,146	53,633	45,835	81,643	40,623	43,340	21,967	31,025	35,889	38,904	16,731	23,764	23,347	22,474	-545

	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	20,684	9,627	-35,808	50,642	-2,717	26,386	-8,989	-4,914	-3,240	27,832	-6,547	1,062	1,081	31,916	-654
Depreciation	0	0	0	0	0	0	0	2,888	3,851	5,017	6,087	2,917	8,440	8,440	8,439
Amortisation	0	0	0	0	0	0	0	0	0	7,000	7,000	7,000	7,000	3,500	3,500
Tax	-5,171	-1,829	0	-9,622	0	-5,013	0	0	0	-5,894	0	-132	-307	-8,952	0
Stock	0	0	0	0	0	0	-5,500	-17,000	22,050	0	-200	200	-100	-5,307	5,857
Debtors	15,004	-16,026	-43,753	80,259	-3,821	9,139	56,987	19,835	0	0	-20,458	-9,103	-7,740	-12,221	49,522
Creditors	11,205	-15,715	14,987	21,250	10,631	-8,785	12,038	-6,037	-9,746	3,999	12,196	-5,646	-5,709	-22,613	47,274
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	11,714	8,109	22,932	-17,989	11,735	3,449	-48,438	-10,898	-31,185	37,954	39,394	14,104	18,345	29,819	3,180
Investing Activities
capital expenditure	12,865	14,984	278	-51,991	-3,348	1,625	2,165	2	-355	-1,805	-15,600	-675	-1,290	-1,261	-68,759
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	12,865	14,984	278	-51,991	-3,348	1,625	2,165	2	-355	-1,805	-15,600	-675	-1,290	-1,261	-68,759
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	0	0	0	0	0	0	0	0	0	0	-18,595	18,595	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-24,579	-23,093	-23,210	69,980	-8,387	-5,074	34,008	-4,260	-3,900	-5,090	10,794	-36,407	-15,020	-13,514	68,987
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	31	50	225	235	-486	-512	98	55	9
cash flow from financing	-24,579	-23,093	-23,210	69,980	-8,387	-5,074	33,939	-4,210	-3,675	-4,855	-8,287	-18,324	-14,922	-13,459	69,096
cash and cash equivalents
cash	0	0	0	0	0	0	-12,334	-15,106	-35,215	31,294	15,507	-4,896	2,134	15,099	3,517
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-12,334	-15,106	-35,215	31,294	15,507	-4,896	2,134	15,099	3,517

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 freeman drainage services limited by selecting its closest rivals, whether from the WATER SUPPLY; SEWERAGE, WASTE MANAGEMENT AND REMEDIATION ACTIVITIES sector, other micro companies, companies in N13 area or any other competitors across 12 key performance metrics.

FREEMAN DRAINAGE SERVICES LIMITED group structure

Freeman Drainage Services Limited has no subsidiary companies.

Ultimate parent company

FREEMAN DRAINAGE SERVICES LIMITED

06710428

FREEMAN DRAINAGE SERVICES LIMITED Shareholders

yiltan hurer

100%

Freeman Drainage Services Limited currently has 2 directors. The longest serving directors include Mr Ertan Hurer (Sep 2008) and Mr Yiltan Hurer (Sep 2018).

officer	country	age	start	end	role
Mr Ertan Hurer	England	63 years	Sep 2008	-	Director
Mr Yiltan Hurer	England	64 years	Sep 2018	-	Director

P&L

November 2023

turnover

374k

+6%

operating profit

20.7k

gross margin

21.4%

-23.28%

turnover

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

Balance Sheet

November 2023

net assets

69.1k

+0.29%

total assets

149.7k

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

06710428

Type

Private limited with Share Capital

industry

37000 - Sewerage

incorporation date

September 2008

ultimate parent company

None

previous names

N/A

address

291 green lanes, london, N13 4XS

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freeman drainage services limited Company Information

freeman drainage services limited Estimated Valuation

freeman drainage services limited Estimated Valuation

freeman drainage services limited Estimated Valuation

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FREEMAN DRAINAGE SERVICES LIMITED financials

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