Pomanda estimates the enterprise value of FORMBY CYCLES LIMITED at £295.6k based on a Turnover of £795k and 0.37x industry multiple (adjusted for size and gross margin).
formby cycles limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FORMBY CYCLES LIMITED at £0 based on an EBITDA of £-88.7k and a 3.82x industry multiple (adjusted for size and gross margin).
formby cycles limitedEstimated Valuation
£3.1m
Pomanda estimates the enterprise value of FORMBY CYCLES LIMITED at £3.1m based on Net Assets of £1.5m and 2.01x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Formby Cycles LimitedOverview
Formby Cycles Limited is a live company located in liverpool, L9 7ES with a Companies House number of 07464591. It operates in the retail sale of sports goods, fishing gear, camping goods, boats and bicycles sector, SIC Code 47640. Founded in December 2010, it's largest shareholder is
john stephen tasker
with a 100% stake. Formby Cycles Limited is a established,
small sized company, Pomanda has estimated its turnover at
£795k with
healthy
growth in recent years.
Pomanda's financial health check has awarded Formby Cycles Limited a 4 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 Rating4out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £795k, make it in line with the average company (£677.6k)
£795k - Formby Cycles Limited
£677.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (8%)
5% - Formby Cycles Limited
8% - Industry AVG
Production
with a gross margin of 28.8%, this company has a comparable cost of product (28.8%)
28.8% - Formby Cycles Limited
28.8% - Industry AVG
Profitability
an operating margin of -14.6% make it less profitable than the average company (0.6%)
-14.6% - Formby Cycles Limited
0.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (13)
7 - Formby Cycles Limited
13 - Industry AVG
Pay Structure
on an average salary of £25.7k, the company has an equivalent pay structure (£25.7k)
£25.7k - Formby Cycles Limited
£25.7k - Industry AVG
Efficiency
resulting in sales per employee of £113.6k, this is less efficient (£134.9k)
£113.6k - Formby Cycles Limited
£134.9k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (28 days)
19 days - Formby Cycles Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (21 days)
63 days - Formby Cycles Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 141 days, this is more than average (116 days)
141 days - Formby Cycles Limited
116 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 198 weeks, this is more cash available to meet short term requirements (17 weeks)
198 weeks - Formby Cycles Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 8.3%, this is a lower level of debt than the average (67.2%)
8.3% - Formby Cycles Limited
67.2% - Industry AVG
FORMBY CYCLES LIMITED financials
EXPORT
Formby Cycles Limited's latest turnover from February 2024 is estimated at £795 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Formby Cycles Limited has 7 employees and maintains cash reserves of £536.9 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Turnover
795,015
819,222
682,409
679,558
704,057
834,948
1,022,482
835,993
841,214
1,721,260
3,801,504
4,426,251
4,316,801
Other Income Or Grants
Cost Of Sales
565,856
575,579
463,619
477,462
490,144
581,437
718,991
569,796
566,839
1,174,726
2,541,484
2,912,827
2,897,147
Gross Profit
229,158
243,643
218,790
202,096
213,913
253,511
303,491
266,197
274,375
546,533
1,260,019
1,513,424
1,419,654
Admin Expenses
345,585
241,250
226,719
116,772
244,250
244,206
385,850
296,623
279,921
501,709
1,276,113
1,492,633
1,334,028
Operating Profit
-116,427
2,393
-7,929
85,324
-30,337
9,305
-82,359
-30,426
-5,546
44,824
-16,094
20,791
85,626
Interest Payable
Interest Receivable
27,478
18,584
2,417
554
3,965
3,432
1,840
915
2,059
1,730
1,565
1,230
374
Pre-Tax Profit
-88,949
20,977
-5,512
85,878
-26,372
12,737
-80,519
-29,511
-3,487
46,554
-14,529
22,021
86,000
Tax
-3,986
-16,317
-2,420
-9,776
-5,285
-22,360
Profit After Tax
-88,949
16,991
-5,512
69,561
-26,372
10,317
-80,519
-29,511
-3,487
36,778
-14,529
16,736
63,640
Dividends Paid
Retained Profit
-88,949
16,991
-5,512
69,561
-26,372
10,317
-80,519
-29,511
-3,487
36,778
-14,529
16,736
63,640
Employee Costs
179,662
150,014
172,134
172,050
160,235
176,734
236,159
241,959
216,843
274,917
756,829
717,298
858,644
Number Of Employees
7
6
7
8
8
8
12
13
11
14
37
38
46
EBITDA*
-88,724
32,482
20,744
112,425
-6,149
31,547
-49,697
4,087
26,130
76,750
15,929
51,747
122,326
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Tangible Assets
879,398
906,340
934,896
962,974
947,705
970,997
993,239
1,216,360
1,087,571
1,106,887
1,130,848
1,095,673
1,028,431
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
5,425
Total Fixed Assets
884,823
906,340
934,896
962,974
947,705
970,997
993,239
1,216,360
1,087,571
1,106,887
1,130,848
1,095,673
1,028,431
Stock & work in progress
220,129
327,882
348,168
167,036
233,579
272,248
338,499
335,436
304,767
362,517
427,965
479,781
400,464
Trade Debtors
41,505
52,001
28,351
63,725
33,299
44,862
49,995
19,197
13,828
45,784
193,042
174,619
195,376
Group Debtors
Misc Debtors
4,499
6,027
25,736
5,932
8,162
6,106
5,857
7,295
6,446
Cash
536,925
509,848
419,346
547,359
561,154
496,250
419,012
317,000
415,204
408,240
283,823
342,313
149,715
misc current assets
total current assets
803,058
895,758
821,601
784,052
836,194
819,466
813,363
678,928
740,245
816,541
904,830
996,713
745,555
total assets
1,687,881
1,802,098
1,756,497
1,747,026
1,783,899
1,790,463
1,806,602
1,895,288
1,827,816
1,923,428
2,035,678
2,092,386
1,773,986
Bank overdraft
Bank loan
Trade Creditors
98,962
113,030
115,119
85,159
170,773
196,937
213,230
179,759
137,899
248,765
336,736
320,266
247,683
Group/Directors Accounts
2,655
other short term finances
hp & lease commitments
other current liabilities
38,874
39,414
7,092
20,009
57,827
11,855
22,018
63,656
128,116
total current liabilities
140,491
152,444
122,211
105,168
228,600
208,792
235,248
243,415
266,015
248,765
336,736
320,266
247,683
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
109,375
170,432
229,081
provisions
13,315
14,938
16,998
total long term liabilities
13,315
14,938
16,998
109,375
170,432
229,081
total liabilities
140,491
165,759
137,149
122,166
228,600
208,792
235,248
243,415
266,015
358,140
507,168
549,347
247,683
net assets
1,547,390
1,636,339
1,619,348
1,624,860
1,555,299
1,581,671
1,571,354
1,651,873
1,561,801
1,565,288
1,528,510
1,543,039
1,526,303
total shareholders funds
1,547,390
1,636,339
1,619,348
1,624,860
1,555,299
1,581,671
1,571,354
1,651,873
1,561,801
1,565,288
1,528,510
1,543,039
1,526,303
Feb 2024
Feb 2023
Feb 2022
Feb 2021
Feb 2020
Feb 2019
Feb 2018
Feb 2017
Feb 2016
Feb 2015
Feb 2014
Feb 2013
Feb 2012
Operating Activities
Operating Profit
-116,427
2,393
-7,929
85,324
-30,337
9,305
-82,359
-30,426
-5,546
44,824
-16,094
20,791
85,626
Depreciation
27,703
30,089
28,673
27,101
24,188
22,242
32,662
34,513
31,676
31,926
32,023
30,956
36,700
Amortisation
Tax
-3,986
-16,317
-2,420
-9,776
-5,285
-22,360
Stock
-107,753
-20,286
181,132
-66,543
-38,669
-66,251
3,063
30,669
-57,750
-65,448
-51,816
79,317
400,464
Debtors
-6,599
3,941
-15,570
28,196
-9,507
-4,884
29,360
6,218
-25,510
-147,258
18,423
-20,757
195,376
Creditors
-14,068
-2,089
29,960
-85,614
-26,164
-16,293
33,471
41,860
-110,866
-87,971
16,470
72,583
247,683
Accruals and Deferred Income
-540
32,322
-12,917
-37,818
45,972
-10,163
-41,638
-64,460
128,116
Deferred Taxes & Provisions
-13,315
-1,623
-2,060
16,998
Cash flow from operations
-2,295
73,451
-129,835
28,021
61,835
73,806
-90,287
-55,400
126,640
191,709
65,792
60,485
-248,191
Investing Activities
capital expenditure
-761
-1,533
-595
-42,370
-896
190,459
-163,302
-12,360
-7,965
-67,198
-98,198
-1,065,131
Change in Investments
cash flow from investments
-761
-1,533
-595
-42,370
-896
190,459
-163,302
-12,360
-7,965
-67,198
-98,198
-1,065,131
Financing Activities
Bank loans
Group/Directors Accounts
2,655
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-109,375
-61,057
-58,649
229,081
share issue
119,583
1,462,663
interest
27,478
18,584
2,417
554
3,965
3,432
1,840
915
2,059
1,730
1,565
1,230
374
cash flow from financing
30,133
18,584
2,417
554
3,965
3,432
1,840
120,498
-107,316
-59,327
-57,084
230,311
1,463,037
cash and cash equivalents
cash
27,077
90,502
-128,013
-13,795
64,904
77,238
102,012
-98,204
6,964
124,417
-58,490
192,598
149,715
overdraft
change in cash
27,077
90,502
-128,013
-13,795
64,904
77,238
102,012
-98,204
6,964
124,417
-58,490
192,598
149,715
formby cycles limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for formby cycles limited. Get real-time insights into formby cycles limited's credit score, group structure and payment trends.
Perform a competitor analysis for formby cycles limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in L 9 area or any other competitors across 12 key performance metrics.
formby cycles limited Ownership
FORMBY CYCLES LIMITED group structure
Formby Cycles Limited has no subsidiary companies.
Ultimate parent company
FORMBY CYCLES LIMITED
07464591
FORMBY CYCLES LIMITED Shareholders
The sole shareholder of Formby Cycles Limited is John Stephen Tasker.
john stephen tasker
100%
formby cycles limited directors
Formby Cycles Limited currently has 3 directors.
The longest serving directors include
Mr John Tasker (Dec 2010) and
Mr Paul Schwartz (Apr 2024).
47640 - Retail sale of sporting equipment in specialised stores
incorporation date
December 2010
age
15
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
February 2024
previous names
taskers cycles limited (December 2010)
accountant
-
auditor
-
address
unit a liver industrial estate, long lane, liverpool, merseyside, L9 7ES
Bank
-
Legal Advisor
-
formby 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 found 3 charges/mortgages relating to formby cycles limited. Currently there are 3 open charges and 0 have been satisfied in the past.
formby 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.
Click to start generating capital raising & share issue transactions for FORMBY CYCLES LIMITED. This can take several minutes, an email will notify you when this has completed.
formby cycles limitedCompanies House Filings - See Documents
