Ft Pipeline Systems Ltd

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ft pipeline systems ltd Company Information

Live

EstablishedLargeRapid

Company Number

06938002

Website

www.ftpipelinesystems.co.uk

Registered Address

unit 6b eastern park, eastern avenue, lichfield, staffordshire, WS13 7SY

Industry

Activities of head offices

Telephone

01543416024

Next Accounts Due

January 2025

Group Structure

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Directors

Duncan Frazer15 Years

Ian Harding14 Years

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Shareholders

frazer & tabberer group ltd 99.8%

ian mark harding 0.1%

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ft pipeline systems ltd Estimated Valuation

£21.6m

Pomanda estimates the enterprise value of FT PIPELINE SYSTEMS LTD at £21.6m based on a Turnover of £20.8m and 1.04x industry multiple (adjusted for size and gross margin).

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Ft Pipeline Systems Ltd is a live company located in lichfield, WS13 7SY with a Companies House number of 06938002. It operates in the activities of head offices sector, SIC Code 70100. Founded in June 2009, it's largest shareholder is frazer & tabberer group ltd with a 99.8% stake. Ft Pipeline Systems Ltd is a established, large sized company, Pomanda has estimated its turnover at £20.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ft Pipeline Systems Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £20.8m, make it in line with the average company (£20.8m)

Growth

3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (4.7%)

EXPORT

Ft Pipeline Systems Ltd's latest turnover from April 2023 is estimated at £20.8 million and the company has net assets of £1.6 million. According to their latest financial statements, Ft Pipeline Systems Ltd has 20 employees and maintains cash reserves of £437.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	20,833,955	7,125,879	6,005,707	3,864,260	4,040,006	2,236,447	4,369,472	4,167,478	2,932,150	3,700,653	3,460,705	3,175,743	3,723,731	8,954,159
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	13,934,702	4,796,361	4,125,892	2,604,634	2,746,145	1,525,813	2,967,558	2,822,986	2,027,925	2,581,052	2,415,536	2,217,079	2,592,002	6,202,226
Gross Profit	6,899,253	2,329,518	1,879,815	1,259,626	1,293,861	710,635	1,401,914	1,344,492	904,225	1,119,602	1,045,170	958,664	1,131,729	2,751,932
Admin Expenses	6,389,750	2,283,823	1,979,744	966,655	956,876	292,887	1,294,378	1,285,135	892,497	1,119,725	910,204	975,040	1,054,355	2,736,450
Operating Profit	509,503	45,695	-99,929	292,971	336,985	417,748	107,536	59,357	11,728	-123	134,966	-16,376	77,374	15,482
Interest Payable	73,099	27,030	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	11,493	1,180	185	177	2,496	1,436	499	1,031	547	545	547	1,497	2,227	988
Pre-Tax Profit	447,897	19,846	-99,744	293,148	339,480	419,184	108,036	60,389	12,275	422	135,513	-14,879	79,601	16,469
Tax	-111,974	-3,771	0	-55,698	-64,501	-79,645	-20,527	-12,078	-2,455	-89	-31,168	0	-20,696	-4,611
Profit After Tax	335,923	16,075	-99,744	237,450	274,979	339,539	87,509	48,311	9,820	333	104,345	-14,879	58,905	11,858
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	335,923	16,075	-99,744	237,450	274,979	339,539	87,509	48,311	9,820	333	104,345	-14,879	58,905	11,858
Employee Costs	915,599	895,626	681,792	405,000	318,815	272,005	187,185	1,015,041	671,259	871,402	795,418	749,332	907,705	2,154,971
Number Of Employees	20	21	17	10	8	7	5	28	19	25	23	22	27	65
EBITDA*	552,063	80,175	-55,426	323,412	369,093	436,289	127,693	81,994	33,495	26,701	161,873	10,507	84,530	15,834

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	163,282	72,201	120,330	117,730	119,481	117,324	34,495	52,761	71,620	85,375	112,199	124,495	155,080	9,253
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	163,282	72,201	120,330	117,730	119,481	117,324	34,495	52,761	71,620	85,375	112,199	124,495	155,080	9,253
Stock & work in progress	1,453,308	1,375,520	1,222,362	813,670	755,320	177,079	1,930,716	807,529	54,475	53,938	35,200	48,138	57,538	591,500
Trade Debtors	5,632,700	1,805,722	1,300,816	808,171	881,515	590,292	249,450	503,553	622,458	777,294	716,750	629,240	591,207	1,311,682
Group Debtors	60,123	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	52,611	116,693	118,394	323,871	328,889	275,153	334,959	311,096	0	0	0	0	0	0
Cash	437,873	102,968	211,728	159,052	194,745	470,785	103,501	296,021	116,522	102,323	115,521	103,181	495,771	395,118
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,636,615	3,400,903	2,853,300	2,104,764	2,160,469	1,513,309	2,618,626	1,918,199	793,455	933,555	867,471	780,559	1,144,516	2,298,300
total assets	7,799,897	3,473,104	2,973,630	2,222,494	2,279,950	1,630,633	2,653,121	1,970,960	865,075	1,018,930	979,670	905,054	1,299,596	2,307,553
Bank overdraft	625,429	800,886	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
Trade Creditors	3,896,294	570,105	874,851	556,224	756,396	321,351	1,463,847	849,910	493,693	657,238	616,751	644,920	1,023,023	2,094,695
Group/Directors Accounts	0	61,606	61,606	0	0	0	0	324,809	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	19,596	0	6,980	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,253,663	332,924	255,467	307,100	401,834	462,541	682,072	376,548	0	0	0	0	0	0
total current liabilities	5,794,982	1,765,521	1,198,904	863,324	1,158,230	783,892	2,145,919	1,551,267	493,693	657,238	616,751	644,920	1,023,023	2,094,695
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	53,746	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
other liabilities	339,445	431,782	515,000	0	0	0	0	0	0	130	1,690	3,250	4,810	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	393,191	431,782	515,000	0	0	0	0	0	0	130	1,690	3,250	4,810	0
total liabilities	6,188,173	2,197,303	1,713,904	863,324	1,158,230	783,892	2,145,919	1,551,267	493,693	657,368	618,441	648,170	1,027,833	2,094,695
net assets	1,611,724	1,275,801	1,259,726	1,359,170	1,121,720	846,741	507,202	419,693	371,382	361,562	361,229	256,884	271,763	212,858
total shareholders funds	1,611,724	1,275,801	1,259,726	1,359,170	1,121,720	846,741	507,202	419,693	371,382	361,562	361,229	256,884	271,763	212,858

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	509,503	45,695	-99,929	292,971	336,985	417,748	107,536	59,357	11,728	-123	134,966	-16,376	77,374	15,482
Depreciation	42,560	34,480	44,503	30,441	32,108	18,541	20,157	22,637	21,767	26,824	26,907	26,883	7,156	352
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-111,974	-3,771	0	-55,698	-64,501	-79,645	-20,527	-12,078	-2,455	-89	-31,168	0	-20,696	-4,611
Stock	77,788	153,158	408,692	58,350	578,241	-1,753,637	1,123,187	753,054	537	18,738	-12,938	-9,400	-533,962	591,500
Debtors	3,823,019	503,205	287,168	-78,362	344,959	281,036	-230,240	192,191	-154,836	60,544	87,510	38,033	-720,475	1,311,682
Creditors	3,326,189	-304,746	318,627	-200,172	435,045	-1,142,496	613,937	356,217	-163,545	40,487	-28,169	-378,103	-1,071,672	2,094,695
Accruals and Deferred Income	920,739	77,457	-51,633	-94,734	-60,707	-219,531	305,524	376,548	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	786,210	-807,248	-484,292	-7,180	-244,270	467,218	133,680	-142,564	21,794	-12,183	27,964	-396,229	246,599	202,736
Investing Activities
capital expenditure	-133,641	13,649	-47,103	-28,690	-34,265	-101,370	-1,891	-3,778	-8,012	0	-14,611	3,702	-152,983	-9,605
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-133,641	13,649	-47,103	-28,690	-34,265	-101,370	-1,891	-3,778	-8,012	0	-14,611	3,702	-152,983	-9,605
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-61,606	0	61,606	0	0	0	-324,809	324,809	0	0	0	0	0	0
Other Short Term Loans	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	0	0	0	0
Hire Purchase and Lease Commitments	73,342	-6,980	6,980	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-92,337	-83,218	515,000	0	0	0	0	0	-130	-1,560	-1,560	-1,560	4,810	0
share issue	0	0	300	0	0	0	0	0	0	0	0	0	0	201,000
interest	-61,606	-25,850	185	177	2,496	1,436	499	1,031	547	545	547	1,497	2,227	988
cash flow from financing	-142,207	-116,048	584,071	177	2,496	1,436	-324,310	325,840	417	-1,015	-1,013	-63	7,037	201,988
cash and cash equivalents
cash	334,905	-108,760	52,676	-35,693	-276,040	367,284	-192,520	179,499	14,199	-13,198	12,340	-392,590	100,653	395,118
overdraft	-175,457	800,886	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	510,362	-909,646	52,676	-35,693	-276,040	367,284	-192,520	179,499	14,199	-13,198	12,340	-392,590	100,653	395,118

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FT PIPELINE SYSTEMS LTD group structure

Ft Pipeline Systems Ltd has 1 subsidiary company.

Ultimate parent company

FRAZER & TABBERER GROUP LTD

07217724

1 parent

FT PIPELINE SYSTEMS LTD

06938002

1 subsidiary

FT GAS CONTROL SYSTEMS LTD

15566677

FT PIPELINE SYSTEMS LTD Shareholders

frazer & tabberer group ltd	99.8%
ian mark harding	0.05%
david michael thornton	0.02%
nicholas christopher shaw	0.02%
alan leslie james	0.02%
andrew fraser	0.02%
roger attisha	0.02%
robert peberday	0.02%

Ft Pipeline Systems Ltd currently has 3 directors. The longest serving directors include Mr Duncan Frazer (Jun 2009) and Mr Ian Harding (Jan 2010).

officer	country	age	start	end	role
Mr Duncan Frazer	England	64 years	Jun 2009	-	Director
Mr Ian Harding	England	49 years	Jan 2010	-	Director
Mr Nicholas Shaw	England	45 years	Sep 2019	-	Director

P&L

April 2023

turnover

20.8m

+192%

operating profit

509.5k

gross margin

33.2%

+1.3%

turnover

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

Balance Sheet

April 2023

net assets

1.6m

+0.26%

total assets

7.8m

+1.25%

cash

437.9k

+3.25%

net assets

Total assets minus all liabilities

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company number

06938002

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

June 2009

accounts

Total Exemption Full

ultimate parent company

FRAZER & TABBERER GROUP LTD

previous names

N/A

last accounts submitted

April 2023

address

unit 6b eastern park, eastern avenue, lichfield, staffordshire, WS13 7SY

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 3 charges/mortgages relating to ft pipeline systems ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

ft pipeline systems ltd Company Information

ft pipeline systems ltd Estimated Valuation

ft pipeline systems ltd Estimated Valuation

ft pipeline systems ltd Estimated Valuation

Ft Pipeline Systems Ltd Overview

Ft Pipeline Systems Ltd Health Check

FT PIPELINE SYSTEMS LTD financials

ft pipeline systems ltd Credit Report and Business Information

Ft Pipeline Systems Ltd Competitor Analysis

ft pipeline systems ltd Ownership

ft pipeline systems ltd directors

ft pipeline systems ltd company details

ft pipeline systems ltd Charges & Mortgages

ft pipeline systems ltd Companies House Filings - See Documents