freemans cycles limited

freemans cycles limited Company Information

Share FREEMANS CYCLES LIMITED
Live 
EstablishedMicroDeclining

Company Number

07185759

Industry

Retail sale of sporting equipment in specialised stores

 

Shareholders

richard william freeman

joy linda freeman

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Group Structure

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Contact

Registered Address

1-3 heigham street, norwich, norfolk, NR2 4TE

freemans cycles limited Estimated Valuation

£70.2k

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

£0

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

£94.8k

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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £201.8k, make it smaller than the average company (£597.6k)

£201.8k - Freemans Cycles Limited

£597.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (8%)

-12% - Freemans Cycles Limited

8% - Industry AVG

production

Production

with a gross margin of 23.1%, this company has a higher cost of product (31.2%)

23.1% - Freemans Cycles Limited

31.2% - Industry AVG

profitability

Profitability

an operating margin of -3.2% make it less profitable than the average company (3.1%)

-3.2% - Freemans Cycles Limited

3.1% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (13)

3 - Freemans Cycles Limited

13 - Industry AVG

paystructure

Pay Structure

on an average salary of £24.7k, the company has an equivalent pay structure (£24.7k)

£24.7k - Freemans Cycles Limited

£24.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £67.3k, this is less efficient (£133.5k)

£67.3k - Freemans Cycles Limited

£133.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 137 days, this is later than average (25 days)

137 days - Freemans Cycles Limited

25 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 72 days, this is slower than average (29 days)

72 days - Freemans Cycles Limited

29 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Freemans Cycles Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Freemans Cycles Limited

- - Industry AVG

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Turnover201,768216,527307,081293,699248,658266,046271,850145,357108,954107,866111,876131,461165,831
Other Income Or Grants0000000000000
Cost Of Sales155,144168,854237,811233,248191,467207,905214,923110,97083,11281,20181,28693,087121,753
Gross Profit46,62447,67369,27060,45157,19158,14256,92834,38725,84226,66530,59138,37444,078
Admin Expenses53,01949,16051,60358,47765,05065,74359,96243,21726,3399,76110,89211,75922,468
Operating Profit-6,395-1,48717,6671,974-7,859-7,601-3,034-8,830-49716,90419,69926,61521,610
Interest Payable0000000000000
Interest Receivable0000003818221319915312362
Pre-Tax Profit-6,395-1,48717,6671,974-7,859-7,601-2,996-8,648-28417,10319,85226,73821,672
Tax00-3,357-37500000-3,592-4,566-6,417-5,635
Profit After Tax-6,395-1,48714,3101,599-7,859-7,601-2,996-8,648-28413,51115,28620,32116,037
Dividends Paid0000000000000
Retained Profit-6,395-1,48714,3101,599-7,859-7,601-2,996-8,648-28413,51115,28620,32116,037
Employee Costs74,08271,24561,35863,90559,32961,09154,61361,32619,69320,01818,48719,43436,214
Number Of Employees3333333311112
EBITDA*-6,395-1,48717,6671,974-7,859-7,601-3,034-8,4481,01118,57921,59628,45923,593

* Earnings Before Interest, Tax, Depreciation and Amortisation

Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Tangible Assets03438021,2612,2783,8881,3131,1871,5692,0772,7522,6062,985
Intangible Assets0000000001,0002,0003,0004,000
Investments & Other0000000000000
Debtors (Due After 1 year)0000000000000
Total Fixed Assets03438021,2612,2783,8881,3131,1871,5693,0774,7525,6066,985
Stock & work in progress000000076,97073,79674,63272,74264,52654,323
Trade Debtors75,96283,775131,174108,699104,200101,657103,0991,3741,3602,1407000
Group Debtors0000000000000
Misc Debtors7251,6101,2751,314000000000
Cash000000030,59142,18942,96636,58124,47024,728
misc current assets00001,2931,3901,354000000
total current assets76,68785,385132,449110,013105,493103,047104,453108,935117,345119,738109,39388,99679,051
total assets76,68785,728133,251111,274107,771106,935105,766110,122118,914122,815114,14594,60286,036
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 30,89233,53979,57571,90870,00461,13452,21453,55953,62957,14561,94957,62269,302
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities1000000000000
total current liabilities30,89333,53979,57571,90870,00461,13452,21453,55953,62957,14561,94957,62269,302
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income00000175325000000
other liabilities0000000000000
provisions0000000240314415452522597
total long term liabilities00000175325240314415452522597
total liabilities30,89333,53979,57571,90870,00461,30952,53953,79953,94357,56062,40158,14469,899
net assets45,79452,18953,67639,36637,76745,62653,22756,32364,97165,25551,74436,45816,137
total shareholders funds45,79452,18953,67639,36637,76745,62653,22756,32364,97165,25551,74436,45816,137
Apr 2023Apr 2022Apr 2021Apr 2020Apr 2019Apr 2018Apr 2017Apr 2016Apr 2015Apr 2014Apr 2013Apr 2012Apr 2011
Operating Activities
Operating Profit-6,395-1,48717,6671,974-7,859-7,601-3,034-8,830-49716,90419,69926,61521,610
Depreciation0000000382508675897844983
Amortisation000000001,0001,0001,0001,0001,000
Tax00-3,357-37500000-3,592-4,566-6,417-5,635
Stock000000-76,9703,174-8361,8908,21610,20354,323
Debtors-8,698-47,06422,4365,8132,543-1,442101,72514-7802,0707000
Creditors-2,647-46,0367,6671,9048,8708,920-1,345-70-3,516-4,8044,327-11,68069,302
Accruals and Deferred Income1000-175-150325000000
Deferred Taxes & Provisions000000-240-74-101-37-70-75597
Cash flow from operations-343-459-459-2,310-1,7072,611-29,049-11,780-9906,18613,0018433,534
Investing Activities
capital expenditure3434594591,0171,610-2,575-126000-1,043-465-8,968
Change in Investments0000000000000
cash flow from investments3434594591,0171,610-2,575-126000-1,043-465-8,968
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities0000000000000
share issue000000-10000000100
interest0000003818221319915312362
cash flow from financing000000-62182213199153123162
cash and cash equivalents
cash000000-30,591-11,598-7776,38512,111-25824,728
overdraft0000000000000
change in cash000000-30,591-11,598-7776,38512,111-25824,728

freemans cycles 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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Freemans Cycles Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

richard william freeman 55%
joy linda freeman 25%
matthew albert freeman 15%
laura jessica freeman 5%

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).

officercountryagestartendrole
Mr Matthew FreemanEngland39 years Mar 2010- Director
Mr Richard FreemanUnited Kingdom68 years Mar 2010- Director

P&L

April 2023

turnover

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 2023

net 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

None

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

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