C2r-fast Limited

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c2r-fast limited Company Information

Live

EstablishedSmallDeclining

Company Number

07062162

Website

https://c2rfast.com

Registered Address

woodlands, bolstone little dewchurch, hereford, HR2 6PS

Industry

Manufacture of other wearing apparel and accessories

Telephone

Next Accounts Due

September 2025

Group Structure

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Directors

Nicholas Shepherd14 Years

Paul Tate5 Years

Shareholders

paul tate 33.3%

ridgemont holdings ltd 33.3%

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c2r-fast limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of C2R-FAST LIMITED at £2.2m based on an EBITDA of £383.4k and a 5.61x industry multiple (adjusted for size and gross margin).

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C2r-fast Limited is a live company located in hereford, HR2 6PS with a Companies House number of 07062162. It operates in the manufacture of other wearing apparel and accessories n.e.c. sector, SIC Code 14190. Founded in October 2009, it's largest shareholder is paul tate with a 33.3% stake. C2r-fast Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded C2R-Fast Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£10.4m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (9.1%)

EXPORT

C2R-Fast Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £520.3 thousand. According to their latest financial statements, C2R-Fast Limited has 9 employees and maintains cash reserves of £701.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Turnover	1,346,659	1,201,600	835,434	1,441,416	1,024,158	1,218,760	1,633,130	1,333,618	568,748	143,001	48,370	204,148	34,161	11,335
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	878,508	775,257	559,834	985,671	701,167	862,629	1,124,883	932,319	402,277	99,537	33,699	140,849	22,207	7,117
Gross Profit	468,151	426,343	275,600	455,744	322,992	356,131	508,247	401,299	166,471	43,464	14,671	63,300	11,955	4,218
Admin Expenses	105,689	510,100	320,090	382,332	268,303	338,682	411,641	374,169	135,293	42,704	28,314	42,473	745	4,230
Operating Profit	362,462	-83,757	-44,490	73,412	54,689	17,449	96,606	27,130	31,178	760	-13,643	20,827	11,210	-12
Interest Payable	4,275	11,013	5,348	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,126	7,826	681	69	60	0	0	0	0	25	30	15	22	12
Pre-Tax Profit	376,313	-86,944	-49,157	73,480	54,748	17,449	96,606	27,130	31,178	785	-13,613	20,842	11,231	0
Tax	-94,078	0	0	-13,961	-10,402	-3,315	-18,355	-5,426	-6,235	-165	0	-5,002	-2,920	0
Profit After Tax	282,235	-86,944	-49,157	59,519	44,346	14,134	78,251	21,704	24,942	620	-13,613	15,840	8,311	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	282,235	-86,944	-49,157	59,519	44,346	14,134	78,251	21,704	24,942	620	-13,613	15,840	8,311	0
Employee Costs	324,877	343,225	287,398	191,344	125,703	214,653	279,201	236,824	89,630	28,832	29,229	29,636	26,880	25,093
Number Of Employees	9	10	9	6	4	7	9	8	3	1	1	1	1	1
EBITDA*	383,372	-65,732	-11,415	92,910	54,689	17,449	96,606	27,130	31,178	760	-12,761	21,137	11,210	-12

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Tangible Assets	59,459	53,452	51,519	77,994	32,277	31,497	34,922	9,697	10,340	8,076	2,681	2,617	1,550	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	6,401	7,187	14,381	13,911
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	59,459	53,452	51,519	77,994	32,277	31,497	34,922	9,697	10,340	8,076	9,082	9,804	15,931	13,911
Stock & work in progress	239,717	252,185	259,819	158,053	135,860	0	0	0	0	0	10,412	10,188	5,930	3,513
Trade Debtors	89,999	173,237	12,012	296,686	197,441	224,516	301,310	249,705	115,030	26,635	8,625	43,163	7,576	4,000
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	232,553	5,813	8,990	0	0	0	0	0	0	0	0	0	0	0
Cash	701,328	23,708	423,473	121,418	15,903	0	0	0	0	0	9,986	2,159	3,736	4,863
misc current assets	0	0	0	0	0	20,739	0	0	0	0	0	0	0	0
total current assets	1,263,597	454,943	704,294	576,157	349,204	245,255	301,310	249,705	115,030	26,635	29,023	55,510	17,242	12,376
total assets	1,323,056	508,395	755,813	654,151	381,481	276,752	336,232	259,402	125,370	34,711	38,105	65,314	33,173	26,287
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	9,670	60,718	82,644	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	348,155	145,155	214,416	143,747	143,636	78,550	110,807	100,097	19,664	8,612	3,881	21,351	545	4,171
Group/Directors Accounts	52,453	37,960	37,960	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	333,157	26,509	7,306	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	743,435	270,342	342,326	143,747	143,636	78,550	110,807	100,097	19,664	8,612	3,881	21,351	545	4,171
loans	7,333	0	88,490	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	185,000	43,310	48,013	89,370	101,501	69,606	14,941	23,586	19,712	24,217	22,016
provisions	52,000	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	59,333	0	88,490	185,000	43,310	48,013	89,370	101,501	69,606	14,941	23,586	19,712	24,217	22,016
total liabilities	802,768	270,342	430,816	328,747	186,946	126,563	200,177	201,598	89,270	23,553	27,467	41,063	24,762	26,187
net assets	520,288	238,053	324,997	325,404	194,535	150,189	136,055	57,804	36,100	11,158	10,638	24,251	8,411	100
total shareholders funds	520,288	238,053	324,997	325,404	194,535	150,189	136,055	57,804	36,100	11,158	10,638	24,251	8,411	100

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Operating Activities
Operating Profit	362,462	-83,757	-44,490	73,412	54,689	17,449	96,606	27,130	31,178	760	-13,643	20,827	11,210	-12
Depreciation	20,910	18,025	33,075	19,498	0	0	0	0	0	0	523	310	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	359	0	0	0
Tax	-94,078	0	0	-13,961	-10,402	-3,315	-18,355	-5,426	-6,235	-165	0	-5,002	-2,920	0
Stock	-12,468	-7,634	101,766	22,193	135,860	0	0	0	0	-10,412	224	4,258	2,417	3,513
Debtors	143,502	158,048	-275,684	99,245	-27,075	-76,794	51,605	134,675	88,395	18,010	-34,538	35,587	3,576	4,000
Creditors	203,000	-69,261	70,669	111	65,086	-32,257	10,710	80,433	11,052	4,731	-17,470	20,806	-3,626	4,171
Accruals and Deferred Income	306,648	19,203	7,306	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	52,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	719,908	-266,204	240,478	-42,378	588	58,671	37,356	-32,538	-52,400	-2,272	4,083	-2,904	-1,329	-3,354
Investing Activities
capital expenditure	-26,917	-19,958	-6,600	-65,215	-780	3,425	-25,225	643	-2,264	1,006	-160	5,817	-2,020	-13,911
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-26,917	-19,958	-6,600	-65,215	-780	3,425	-25,225	643	-2,264	1,006	-160	5,817	-2,020	-13,911
Financing Activities
Bank loans	-51,048	-21,926	82,644	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	14,493	0	37,960	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
Long term loans	7,333	-88,490	88,490	0	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	0	0	0	0
other long term liabilities	0	0	-185,000	141,690	-4,703	-41,357	-12,131	31,895	54,665	-8,645	3,874	-4,505	2,201	22,016
share issue	0	0	48,750	71,350	0	0	0	0	0	-100	0	0	0	100
interest	13,851	-3,187	-4,667	69	60	0	0	0	0	25	30	15	22	12
cash flow from financing	-15,371	-113,603	68,177	213,109	-4,643	-41,357	-12,131	31,895	54,665	-8,720	3,904	-4,490	2,223	22,128
cash and cash equivalents
cash	677,620	-399,765	302,055	105,515	15,903	0	0	0	0	-9,986	7,827	-1,577	-1,127	4,863
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	677,620	-399,765	302,055	105,515	15,903	0	0	0	0	-9,986	7,827	-1,577	-1,127	4,863

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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C2R-FAST LIMITED group structure

C2R-Fast Limited has no subsidiary companies.

Ultimate parent company

C2R-FAST LIMITED

07062162

C2R-FAST LIMITED Shareholders

paul tate	33.33%
ridgemont holdings ltd	33.33%
nicholas shepherd	33.33%

C2R-Fast Limited currently has 2 directors. The longest serving directors include Mr Nicholas Shepherd (Oct 2009) and Mr Paul Tate (Jul 2019).

officer	country	age	start	end	role
Mr Nicholas Shepherd	England	55 years	Oct 2009	-	Director
Mr Paul Tate		49 years	Jul 2019	-	Director

P&L

December 2023

turnover

1.3m

+12%

operating profit

362.5k

gross margin

34.8%

-2.02%

turnover

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

Balance Sheet

December 2023

net assets

520.3k

+1.19%

total assets

1.3m

+1.6%

cash

701.3k

+28.58%

net assets

Total assets minus all liabilities

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company number

07062162

Type

Private limited with Share Capital

industry

14190 - Manufacture of other wearing apparel and accessories

incorporation date

October 2009

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2023

address

woodlands, bolstone little dewchurch, hereford, HR2 6PS

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 c2r-fast limited.

c2r-fast limited Company Information

c2r-fast limited Estimated Valuation

c2r-fast limited Estimated Valuation

c2r-fast limited Estimated Valuation

C2r-fast Limited Overview

C2r-fast Limited Health Check

C2R-FAST LIMITED financials

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c2r-fast limited Ownership

c2r-fast limited directors

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c2r-fast limited Companies House Filings - See Documents