ff corse limited

ff corse limited Company Information

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EstablishedSmallHealthy

Company Number

06785271

Industry

Maintenance and repair of motor vehicles

 

Shareholders

mr anthony darren cheshire

mrs christine louise cheshire

Group Structure

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Contact

Registered Address

the counting house high street, tring, herts, HP23 5TE

ff corse limited Estimated Valuation

£766.9k

Pomanda estimates the enterprise value of FF CORSE LIMITED at £766.9k based on a Turnover of £2.5m and 0.3x industry multiple (adjusted for size and gross margin).

ff corse limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of FF CORSE LIMITED at £1.7m based on an EBITDA of £444.7k and a 3.73x industry multiple (adjusted for size and gross margin).

ff corse limited Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of FF CORSE LIMITED at £5.4m based on Net Assets of £1.8m and 3.01x industry multiple (adjusted for liquidity).

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Ff Corse Limited Overview

Ff Corse Limited is a live company located in herts, HP23 5TE with a Companies House number of 06785271. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in January 2009, it's largest shareholder is mr anthony darren cheshire with a 99.9% stake. Ff Corse Limited is a established, small sized company, Pomanda has estimated its turnover at £2.5m with healthy growth in recent years.

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Ff Corse Limited Health Check

Pomanda's financial health check has awarded Ff Corse Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

3 Weak

size

Size

annual sales of £2.5m, make it larger than the average company (£341.6k)

£2.5m - Ff Corse Limited

£341.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a similar rate (11.4%)

11% - Ff Corse Limited

11.4% - Industry AVG

production

Production

with a gross margin of 35.6%, this company has a comparable cost of product (35.6%)

35.6% - Ff Corse Limited

35.6% - Industry AVG

profitability

Profitability

an operating margin of 15.4% make it more profitable than the average company (6.1%)

15.4% - Ff Corse Limited

6.1% - Industry AVG

employees

Employees

with 13 employees, this is above the industry average (5)

13 - Ff Corse Limited

5 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.4k, the company has an equivalent pay structure (£26.4k)

£26.4k - Ff Corse Limited

£26.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £195k, this is more efficient (£98.1k)

£195k - Ff Corse Limited

£98.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 46 days, this is later than average (35 days)

46 days - Ff Corse Limited

35 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 17 days, this is quicker than average (42 days)

17 days - Ff Corse Limited

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 160 days, this is more than average (24 days)

160 days - Ff Corse Limited

24 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (15 weeks)

25 weeks - Ff Corse Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 23.8%, this is a lower level of debt than the average (66.4%)

23.8% - Ff Corse Limited

66.4% - Industry AVG

FF CORSE LIMITED financials

EXPORTms excel logo

Ff Corse Limited's latest turnover from January 2024 is estimated at £2.5 million and the company has net assets of £1.8 million. According to their latest financial statements, Ff Corse Limited has 13 employees and maintains cash reserves of £253.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover2,534,7322,842,3983,156,9491,834,2195,145,7966,699,3126,874,6484,975,4401,989,4532,396,7163,341,9055,037,5512,225,6551,276,6421,088,796
Other Income Or Grants000000000000000
Cost Of Sales1,632,5201,860,9412,093,5281,178,4773,255,8664,125,2874,079,5072,961,6661,184,1481,415,6191,973,8352,931,8751,277,287722,341645,948
Gross Profit902,212981,4571,063,421655,7421,889,9302,574,0252,795,1412,013,773805,305981,0971,368,0712,105,675948,369554,302442,847
Admin Expenses511,5191,238,7681,216,517919,5361,689,6261,961,9942,487,8911,963,363523,297554,4351,160,1261,799,210769,979365,435442,796
Operating Profit390,693-257,311-153,096-263,794200,304612,031307,25050,410282,008426,662207,945306,465178,390188,86751
Interest Payable9,64710,9468,7504,57500000000000
Interest Receivable20,63412,1321,0325684,7295,9593,7911,9353,2181,8751,7651,7061,180846339
Pre-Tax Profit401,680-256,125-160,814-267,801205,033617,990311,04152,345285,226428,537209,710308,171179,570189,713390
Tax-100,420000-38,956-117,418-59,098-10,469-57,045-89,993-48,233-73,961-46,688-53,119-109
Profit After Tax301,260-256,125-160,814-267,801166,077500,572251,94341,876228,181338,544161,477234,210132,882136,593281
Dividends Paid000000000000000
Retained Profit301,260-256,125-160,814-267,801166,077500,572251,94341,876228,181338,544161,477234,210132,882136,593281
Employee Costs343,319305,349261,154324,129438,852486,206430,6141,511,441505,706593,741843,4521,362,328607,744355,470293,758
Number Of Employees131210131617165519223253251512
EBITDA*444,675-160,791-52,184-142,073350,769666,555406,749111,088365,935486,547226,477382,608222,634210,13119,172

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets259,485246,768312,373229,075372,370138,046162,75994,345151,848284,04922,446143,803149,94644,67157,361
Intangible Assets000000000000000
Investments & Other00631,919515,000415,0000000000000
Debtors (Due After 1 year)23,108461,8140000000000000
Total Fixed Assets282,593708,582944,292744,075787,370138,046162,75994,345151,848284,04922,446143,803149,94644,67157,361
Stock & work in progress717,558598,405728,407504,952520,064573,339284,779165,43372,115149,42894,806167,608112,65353,1690
Trade Debtors320,226313,550479,384220,2591,041,9461,310,0791,294,406629,903255,107264,698378,181478,256152,77984,76341,961
Group Debtors433,92100000000000000
Misc Debtors318,269381,597112,286104,23544,5430000000000
Cash253,433532,627160,640664,831471,330789,753799,240717,197830,676456,719293,186412,945269,329202,712135,664
misc current assets48,477000028,31010,22715,94924,976000000
total current assets2,091,8841,826,1791,480,7171,494,2772,077,8832,701,4812,388,6521,528,4821,182,874870,845766,1731,058,809534,761340,644177,625
total assets2,374,4772,534,7612,425,0092,238,3522,865,2532,839,5272,551,4111,622,8271,334,7221,154,894788,6191,202,612684,707385,315234,986
Bank overdraft29,40029,4000000000000000
Bank loan0030,00017,50000000000000
Trade Creditors 80,456555,475129,03741,681181,921648,925937,499328,91489,736149,907117,687682,969414,949248,440234,704
Group/Directors Accounts76,28576,3040000000000000
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities336,530250,814346,26781,904200,4500000000000
total current liabilities522,671911,993505,304141,085382,371648,925937,499328,91489,736149,907117,687682,969414,949248,440234,704
loans41,65071,050100,000132,50000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income0000223,607143,20456,001011,632000000
other liabilities000000000000000
provisions042,82254,68438,93265,63919,83930,92418,86918604,48914,677000
total long term liabilities41,650113,872154,684171,432289,246163,04386,92518,86911,81804,48914,677000
total liabilities564,3211,025,865659,988312,517671,617811,9681,024,424347,783101,554149,907122,176697,646414,949248,440234,704
net assets1,810,1561,508,8961,765,0211,925,8352,193,6362,027,5591,526,9871,275,0441,233,1681,004,987666,443504,966269,758136,875282
total shareholders funds1,810,1561,508,8961,765,0211,925,8352,193,6362,027,5591,526,9871,275,0441,233,1681,004,987666,443504,966269,758136,875282
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit390,693-257,311-153,096-263,794200,304612,031307,25050,410282,008426,662207,945306,465178,390188,86751
Depreciation53,98296,520100,912121,721150,46554,52499,49960,67883,92759,88518,53276,14344,24421,26419,121
Amortisation000000000000000
Tax-100,420000-38,956-117,418-59,098-10,469-57,045-89,993-48,233-73,961-46,688-53,119-109
Stock119,153-130,002223,455-15,112-53,275288,560119,34693,318-77,31354,622-72,80254,95559,48453,1690
Debtors-61,437565,291267,176-761,995-223,59015,673664,503374,796-9,591-113,483-100,075325,47768,01642,80241,961
Creditors-475,019426,43887,356-140,240-467,004-288,574608,585239,178-60,17132,220-565,282268,020166,50913,736234,704
Accruals and Deferred Income85,716-95,453264,363-342,153280,85387,20356,001-11,63211,632000000
Deferred Taxes & Provisions-42,822-11,86215,752-26,70745,800-11,08512,05518,683186-4,489-10,18814,677000
Cash flow from operations-145,586-276,957-175,344125,934448,32732,448240,443-121,266347,441483,146-224,349210,912214,95574,777211,806
Investing Activities
capital expenditure-66,699-30,915-184,21021,574-384,789-29,811-167,913-3,17548,274-321,488102,825-70,000-149,519-8,574-76,482
Change in Investments0-631,919116,919100,000415,0000000000000
cash flow from investments-66,699601,004-301,129-78,426-799,789-29,811-167,913-3,17548,274-321,488102,825-70,000-149,519-8,574-76,482
Financing Activities
Bank loans0-30,00012,50017,50000000000000
Group/Directors Accounts-1976,3040000000000000
Other Short Term Loans 000000000000000
Long term loans-29,400-28,950-32,500132,50000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000000998101
interest10,9871,186-7,718-4,0074,7295,9593,7911,9353,2181,8751,7651,7061,180846339
cash flow from financing-18,43218,540-27,718145,9934,7295,9593,7911,9353,2181,8751,7652,7041,181846340
cash and cash equivalents
cash-279,194371,987-504,191193,501-318,423-9,48782,043-113,479373,957163,533-119,759143,61666,61767,048135,664
overdraft029,4000000000000000
change in cash-279,194342,587-504,191193,501-318,423-9,48782,043-113,479373,957163,533-119,759143,61666,61767,048135,664

ff corse limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ff Corse Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ff corse limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in HP23 area or any other competitors across 12 key performance metrics.

ff corse limited Ownership

FF CORSE LIMITED group structure

Ff Corse Limited has no subsidiary companies.

Ultimate parent company

FF CORSE LIMITED

06785271

FF CORSE LIMITED Shareholders

mr anthony darren cheshire 99.9%
mrs christine louise cheshire 0.1%

ff corse limited directors

Ff Corse Limited currently has 2 directors. The longest serving directors include Mr Anthony Cheshire (Jan 2009) and Mrs Christine Cheshire (Feb 2012).

officercountryagestartendrole
Mr Anthony CheshireEngland54 years Jan 2009- Director
Mrs Christine CheshireUk52 years Feb 2012- Director

P&L

January 2024

turnover

2.5m

-11%

operating profit

390.7k

0%

gross margin

35.6%

+3.08%

turnover

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

Balance Sheet

January 2024

net assets

1.8m

+0.2%

total assets

2.4m

-0.06%

cash

253.4k

-0.52%

net assets

Total assets minus all liabilities

ff corse limited company details

company number

06785271

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

January 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

-

address

the counting house high street, tring, herts, HP23 5TE

Bank

-

Legal Advisor

-

ff corse 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 1 charges/mortgages relating to ff corse limited. Currently there are 1 open charges and 0 have been satisfied in the past.

ff corse limited 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.

Click to start generating capital raising & share issue transactions for FF CORSE LIMITED. This can take several minutes, an email will notify you when this has completed.

ff corse limited Companies House Filings - See Documents

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