Farringtons Contracts Limited

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farringtons contracts limited Company Information

Live

EstablishedSmallDeclining

Company Number

07143705

Website

www.farringtons.org

Registered Address

unit 1, plas bellin farm, oakenholt lane, mold, flintshire, CH7 6DF

Industry

Growing of vegetables and melons, roots and tubers

Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

Telephone

01772812715

Next Accounts Due

November 2024

Group Structure

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Directors

Paul Farrington14 Years

Shareholders

paul ronald farrington 100%

farringtons contracts limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of FARRINGTONS CONTRACTS LIMITED at £1.3m based on an EBITDA of £475.9k and a 2.72x industry multiple (adjusted for size and gross margin).

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Farringtons Contracts Limited AI Business Plan

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Farringtons Contracts Limited is a live company located in mold, CH7 6DF with a Companies House number of 07143705. It operates in the growing of vegetables and melons, roots and tubers sector, SIC Code 01130. Founded in February 2010, it's largest shareholder is paul ronald farrington with a 100% stake. Farringtons Contracts Limited is a established, small sized company, Pomanda has estimated its turnover at £815.8k with declining growth in recent years.

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

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £815.8k, make it smaller than the average company (£7.5m)

Growth

3 year (CAGR) sales growth of -26%, show it is growing at a slower rate (4.3%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FARRINGTONS CONTRACTS LIMITED group structure

Farringtons Contracts Limited has no subsidiary companies.

Ultimate parent company

FARRINGTONS CONTRACTS LIMITED

07143705

FARRINGTONS CONTRACTS LIMITED Shareholders

paul ronald farrington

100%

Farringtons Contracts Limited currently has 1 director, Mr Paul Farrington serving since Feb 2010.

officer	country	age	start	end	role
Mr Paul Farrington	England	45 years	Feb 2010	-	Director

EXPORT

Farringtons Contracts Limited's latest turnover from February 2023 is estimated at £815.8 thousand and the company has net assets of £25.9 thousand. According to their latest financial statements, we estimate that Farringtons Contracts Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Turnover	815,799	4,053,426	2,192,164	2,030,895	1,737,566	830,198	99,396	130,620	64,177	101,961	215,198	83,051	49,261
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	674,840	3,262,816	1,822,504	1,685,548	1,429,507	658,588	80,889	106,942	53,693	83,566	171,762	66,791	39,299
Gross Profit	140,959	790,610	369,660	345,346	308,058	171,609	18,508	23,678	10,484	18,395	43,435	16,260	9,962
Admin Expenses	-334,934	720,952	548,894	440,999	446,998	156,500	18,381	24,763	9,637	18,636	44,097	14,368	-24,666
Operating Profit	475,893	69,658	-179,234	-95,653	-138,940	15,109	127	-1,085	847	-241	-662	1,892	34,628
Interest Payable	0	2,600	4,658	4,141	2,699	974	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	4	16	9	6	18	29	0
Pre-Tax Profit	475,893	67,058	-183,892	-99,794	-141,639	14,135	131	-1,069	856	-235	-644	1,922	34,628
Tax	-90,420	-12,741	0	0	0	-2,686	-26	0	-180	0	0	-500	-7,370
Profit After Tax	385,473	54,317	-183,892	-99,794	-141,639	11,449	105	-1,069	676	-235	-644	1,422	27,258
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	26,800
Retained Profit	385,473	54,317	-183,892	-99,794	-141,639	11,449	105	-1,069	676	-235	-644	1,422	458
Employee Costs	110,165	307,532	290,238	351,493	477,113	258,696	91,477	21,933	21,730	21,103	21,474	19,955	20,769
Number Of Employees	4	12	12	15	20	11	4	1	1	1	1	1	1
EBITDA*	475,893	142,572	-113,332	-42,075	-86,428	39,330	127	126	3,094	2,006	1,586	4,139	35,564

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Tangible Assets	494,031	564,551	635,118	553,015	596,394	355,877	100	100	1,311	3,558	5,805	8,053	10,300
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	494,031	564,551	635,118	553,015	596,394	355,877	100	100	1,311	3,558	5,805	8,053	10,300
Stock & work in progress	0	0	745,136	598,122	666,173	460,291	4,526	0	0	0	0	0	0
Trade Debtors	56,105	714,582	63,512	169,944	112,448	28,331	13,967	19,429	8,627	15,211	30,110	9,741	1,833
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,667	13,642	22,164	28,300	0	14,198	135	0	0	0	0	0	0
Cash	0	0	0	3	3	8	339	2,793	3,586	75	2,293	4,869	6,892
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	67,772	728,224	830,812	796,369	778,624	502,828	18,967	22,222	12,213	15,286	32,403	14,610	8,725
total assets	561,803	1,292,775	1,465,930	1,349,384	1,375,018	858,705	19,067	22,322	13,524	18,844	38,208	22,663	19,025
Bank overdraft	0	0	29,997	72,708	50,000	29,971	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	275,231	1,367,993	1,375,297	1,014,134	817,665	416,124	10,784	20,693	10,584	16,131	34,811	18,422	6,143
Group/Directors Accounts	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
hp & lease commitments	0	0	111,744	98,396	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	11,146	244,922	127,074	6,553	0	0	0	0	0	0
total current liabilities	275,231	1,367,993	1,517,038	1,196,384	1,112,587	573,169	17,337	20,693	10,584	16,131	34,811	18,422	6,143
loans	0	0	50,000	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	311,768	366,116	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	58,458	28,541	0	0	0	0	0	0	0	0	0	0	0
other liabilities	202,200	255,800	0	0	375,753	257,219	0	0	0	0	0	0	9,511
provisions	0	0	0	15,868	15,868	15,868	17	21	263	712	1,161	1,611	2,163
total long term liabilities	260,658	284,341	361,768	381,984	391,621	273,087	17	21	263	712	1,161	1,611	11,674
total liabilities	535,889	1,652,334	1,878,806	1,578,368	1,504,208	846,256	17,354	20,714	10,847	16,843	35,972	20,033	17,817
net assets	25,914	-359,559	-412,876	-228,984	-129,190	12,449	1,713	1,608	2,677	2,001	2,236	2,630	1,208
total shareholders funds	25,914	-359,559	-412,876	-228,984	-129,190	12,449	1,713	1,608	2,677	2,001	2,236	2,630	1,208

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010
Operating Activities
Operating Profit	475,893	69,658	-179,234	-95,653	-138,940	15,109	127	-1,085	847	-241	-662	1,892	34,628
Depreciation	0	72,914	65,902	53,578	52,512	24,221	0	1,211	2,247	2,247	2,248	2,247	936
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-90,420	-12,741	0	0	0	-2,686	-26	0	-180	0	0	-500	-7,370
Stock	0	-745,136	147,014	-68,051	205,882	460,291	4,526	0	0	0	0	0	0
Debtors	-660,452	642,548	-112,568	85,796	69,919	42,529	-5,327	10,802	-6,584	-14,899	20,369	7,908	1,833
Creditors	-1,092,762	-7,304	361,163	196,469	401,541	416,124	-9,909	10,109	-5,547	-18,680	16,389	12,279	6,143
Accruals and Deferred Income	29,917	28,541	-11,146	-233,776	117,848	127,074	6,553	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	-15,868	0	0	15,868	-4	-242	-449	-449	-450	-552	2,163
Cash flow from operations	-16,920	253,656	186,371	-97,127	157,160	92,890	-2,458	-809	3,502	-2,224	-2,844	7,458	34,667
Investing Activities
capital expenditure	70,520	-2,347	-148,005	-10,199	-293,029	-380,098	0	0	0	0	0	0	-11,236
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	70,520	-2,347	-148,005	-10,199	-293,029	-380,098	0	0	0	0	0	0	-11,236
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-50,000	50,000	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-423,512	-41,000	464,512	0	0	0	0	0	0	0	0	0
other long term liabilities	-53,600	255,800	0	-375,753	118,534	257,219	0	0	0	0	0	-9,511	9,511
share issue	0	-1,000	0	0	0	1,000	0	0	0	0	250	0	750
interest	0	-2,600	-4,658	-4,141	-2,699	-974	4	16	9	6	18	29	0
cash flow from financing	-53,600	-221,312	4,342	84,618	115,835	257,245	4	16	9	6	268	-9,482	10,261
cash and cash equivalents
cash	0	0	-3	0	-5	8	-2,454	-793	3,511	-2,218	-2,576	-2,023	6,892
overdraft	0	-29,997	-42,711	22,708	20,029	29,971	0	0	0	0	0	0	0
change in cash	0	29,997	42,708	-22,708	-20,034	-29,963	-2,454	-793	3,511	-2,218	-2,576	-2,023	6,892

P&L

February 2023

turnover

815.8k

-80%

operating profit

475.9k

gross margin

17.3%

-11.41%

turnover

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

Balance Sheet

February 2023

net assets

25.9k

-1.07%

total assets

561.8k

-0.57%

cash

net assets

Total assets minus all liabilities

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company number

07143705

Type

Private limited with Share Capital

industry

01130 - Growing of vegetables and melons, roots and tubers

47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c

incorporation date

February 2010

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

unit 1, plas bellin farm, oakenholt lane, mold, flintshire, CH7 6DF

last accounts submitted

February 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 found 2 charges/mortgages relating to farringtons contracts limited. Currently there are 1 open charges and 1 have been satisfied in the past.

farringtons contracts limited Company Information

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farringtons contracts limited Estimated Valuation

farringtons contracts limited Estimated Valuation

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