freemans cycles limited Company Information
Company Number
07185759
Next Accounts
Jan 2025
Industry
Retail sale of sporting equipment in specialised stores
Shareholders
richard william freeman
joy linda freeman
View AllGroup Structure
View All
Contact
Registered Address
1-3 heigham street, norwich, norfolk, NR2 4TE
Website
www.freemanscycles.co.ukfreemans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of FREEMANS CYCLES LIMITED at £70.2k based on a Turnover of £201.8k and 0.35x industry multiple (adjusted for size and gross margin).
freemans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of FREEMANS CYCLES LIMITED at £0 based on an EBITDA of £-6.4k and a 3.63x industry multiple (adjusted for size and gross margin).
freemans cycles limited Estimated Valuation
Pomanda estimates the enterprise value of FREEMANS CYCLES LIMITED at £94.8k based on Net Assets of £45.8k and 2.07x industry multiple (adjusted for liquidity).
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Freemans Cycles Limited Overview
Freemans Cycles Limited is a live company located in norfolk, NR2 4TE with a Companies House number of 07185759. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in March 2010, it's largest shareholder is richard william freeman with a 55% stake. Freemans Cycles Limited is a established, micro sized company, Pomanda has estimated its turnover at £201.8k with declining growth in recent years.
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Freemans Cycles Limited Health Check
Pomanda's financial health check has awarded Freemans Cycles Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £201.8k, make it smaller than the average company (£597.6k)
- Freemans Cycles Limited
£597.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8%)
- Freemans Cycles Limited
8% - Industry AVG
Production
with a gross margin of 23.1%, this company has a higher cost of product (31.2%)
- Freemans Cycles Limited
31.2% - Industry AVG
Profitability
an operating margin of -3.2% make it less profitable than the average company (3.1%)
- Freemans Cycles Limited
3.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Freemans Cycles Limited
13 - Industry AVG
Pay Structure
on an average salary of £24.7k, the company has an equivalent pay structure (£24.7k)
- Freemans Cycles Limited
£24.7k - Industry AVG
Efficiency
resulting in sales per employee of £67.3k, this is less efficient (£133.5k)
- Freemans Cycles Limited
£133.5k - Industry AVG
Debtor Days
it gets paid by customers after 137 days, this is later than average (25 days)
- Freemans Cycles Limited
25 days - Industry AVG
Creditor Days
its suppliers are paid after 72 days, this is slower than average (29 days)
- Freemans Cycles Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Freemans Cycles Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Freemans Cycles Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.3%, this is a lower level of debt than the average (72.7%)
40.3% - Freemans Cycles Limited
72.7% - Industry AVG
FREEMANS CYCLES LIMITED financials
Freemans Cycles Limited's latest turnover from April 2023 is estimated at £201.8 thousand and the company has net assets of £45.8 thousand. According to their latest financial statements, Freemans Cycles Limited has 3 employees and maintains cash reserves of 0 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | |||||||||||||
Other Income Or Grants | |||||||||||||
Cost Of Sales | |||||||||||||
Gross Profit | |||||||||||||
Admin Expenses | |||||||||||||
Operating Profit | |||||||||||||
Interest Payable | |||||||||||||
Interest Receivable | |||||||||||||
Pre-Tax Profit | |||||||||||||
Tax | |||||||||||||
Profit After Tax | |||||||||||||
Dividends Paid | |||||||||||||
Retained Profit | |||||||||||||
Employee Costs | |||||||||||||
Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |||||
EBITDA* |
* 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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 0 | 343 | 802 | 1,261 | 2,278 | 3,888 | 1,313 | 1,187 | 1,569 | 2,077 | 2,752 | 2,606 | 2,985 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 2,000 | 3,000 | 4,000 |
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 | 0 | 343 | 802 | 1,261 | 2,278 | 3,888 | 1,313 | 1,187 | 1,569 | 3,077 | 4,752 | 5,606 | 6,985 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 76,970 | 73,796 | 74,632 | 72,742 | 64,526 | 54,323 |
Trade Debtors | 75,962 | 83,775 | 131,174 | 108,699 | 104,200 | 101,657 | 103,099 | 1,374 | 1,360 | 2,140 | 70 | 0 | 0 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 725 | 1,610 | 1,275 | 1,314 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,591 | 42,189 | 42,966 | 36,581 | 24,470 | 24,728 |
misc current assets | 0 | 0 | 0 | 0 | 1,293 | 1,390 | 1,354 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 76,687 | 85,385 | 132,449 | 110,013 | 105,493 | 103,047 | 104,453 | 108,935 | 117,345 | 119,738 | 109,393 | 88,996 | 79,051 |
total assets | 76,687 | 85,728 | 133,251 | 111,274 | 107,771 | 106,935 | 105,766 | 110,122 | 118,914 | 122,815 | 114,145 | 94,602 | 86,036 |
Bank overdraft | 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 |
Trade Creditors | 30,892 | 33,539 | 79,575 | 71,908 | 70,004 | 61,134 | 52,214 | 53,559 | 53,629 | 57,145 | 61,949 | 57,622 | 69,302 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 30,893 | 33,539 | 79,575 | 71,908 | 70,004 | 61,134 | 52,214 | 53,559 | 53,629 | 57,145 | 61,949 | 57,622 | 69,302 |
loans | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 175 | 325 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 240 | 314 | 415 | 452 | 522 | 597 |
total long term liabilities | 0 | 0 | 0 | 0 | 0 | 175 | 325 | 240 | 314 | 415 | 452 | 522 | 597 |
total liabilities | 30,893 | 33,539 | 79,575 | 71,908 | 70,004 | 61,309 | 52,539 | 53,799 | 53,943 | 57,560 | 62,401 | 58,144 | 69,899 |
net assets | 45,794 | 52,189 | 53,676 | 39,366 | 37,767 | 45,626 | 53,227 | 56,323 | 64,971 | 65,255 | 51,744 | 36,458 | 16,137 |
total shareholders funds | 45,794 | 52,189 | 53,676 | 39,366 | 37,767 | 45,626 | 53,227 | 56,323 | 64,971 | 65,255 | 51,744 | 36,458 | 16,137 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||
Operating Profit | |||||||||||||
Depreciation | 382 | 508 | 675 | 897 | 844 | 983 | |||||||
Amortisation | 0 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |||||||
Tax | |||||||||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | -76,970 | 3,174 | -836 | 1,890 | 8,216 | 10,203 | 54,323 |
Debtors | -8,698 | -47,064 | 22,436 | 5,813 | 2,543 | -1,442 | 101,725 | 14 | -780 | 2,070 | 70 | 0 | 0 |
Creditors | -2,647 | -46,036 | 7,667 | 1,904 | 8,870 | 8,920 | -1,345 | -70 | -3,516 | -4,804 | 4,327 | -11,680 | 69,302 |
Accruals and Deferred Income | 1 | 0 | 0 | 0 | -175 | -150 | 325 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -240 | -74 | -101 | -37 | -70 | -75 | 597 |
Cash flow from operations | |||||||||||||
Investing Activities | |||||||||||||
capital expenditure | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||
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 | 0 | 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 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||
interest | |||||||||||||
cash flow from financing | |||||||||||||
cash and cash equivalents | |||||||||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | -30,591 | -11,598 | -777 | 6,385 | 12,111 | -258 | 24,728 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -30,591 | -11,598 | -777 | 6,385 | 12,111 | -258 | 24,728 |
freemans cycles limited Credit Report and Business Information
Freemans Cycles Limited Competitor Analysis
Perform a competitor analysis for freemans cycles limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in NR2 area or any other competitors across 12 key performance metrics.
freemans cycles limited Ownership
FREEMANS CYCLES LIMITED group structure
Freemans Cycles Limited has no subsidiary companies.
Ultimate parent company
FREEMANS CYCLES LIMITED
07185759
freemans cycles limited directors
Freemans Cycles Limited currently has 2 directors. The longest serving directors include Mr Matthew Freeman (Mar 2010) and Mr Richard Freeman (Mar 2010).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Matthew Freeman | England | 39 years | Mar 2010 | - | Director |
Mr Richard Freeman | United Kingdom | 68 years | Mar 2010 | - | Director |
P&L
April 2023turnover
201.8k
-7%
operating profit
-6.4k
0%
gross margin
23.2%
+4.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
45.8k
-0.12%
total assets
76.7k
-0.11%
cash
0
0%
net assets
Total assets minus all liabilities
freemans cycles limited company details
company number
07185759
Type
Private limited with Share Capital
industry
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
March 2010
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
THE NUMBERS STUDIO
auditor
-
address
1-3 heigham street, norwich, norfolk, NR2 4TE
Bank
-
Legal Advisor
-
freemans cycles 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 did not find charges/mortgages relating to freemans cycles limited.
freemans cycles 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.
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freemans cycles limited Companies House Filings - See Documents
date | description | view/download |
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