Freepoint Commodities Enterprises Ltd.

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freepoint commodities enterprises ltd. Company Information

Company Number

07768867

Next Accounts

153 days late

Directors

Daniel Hecht

Giuseppe Minichiello

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Shareholders

freepoint commodities llc

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

62 buckingham gate, london, SW1E 6AJ

Website

freepoint commodities enterprises ltd. Estimated Valuation

£324.2m

Pomanda estimates the enterprise value of FREEPOINT COMMODITIES ENTERPRISES LTD. at £324.2m based on Net Assets of £141.2m and 2.3x industry multiple (adjusted for liquidity).

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Freepoint Commodities Enterprises Ltd. is a live company located in london, SW1E 6AJ with a Companies House number of 07768867. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in September 2011, it's largest shareholder is freepoint commodities llc with a 100% stake. Freepoint Commodities Enterprises Ltd. is a established, large sized company, Pomanda has estimated its turnover at £73.8m with low growth in recent years.

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Pomanda's financial health check has awarded Freepoint Commodities Enterprises Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

1 Regular

3 Weak

Size

annual sales of £73.8m, make it larger than the average company (£4m)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3%)

EXPORT

Freepoint Commodities Enterprises Ltd.'s latest turnover from December 2022 is £73.8 million and the company has net assets of £141.2 million. According to their latest financial statements, Freepoint Commodities Enterprises Ltd. has 69 employees and maintains cash reserves of £84.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Turnover	73,808,022	25,845,868	314,525,638	72,352,338	54,865,746	9,498,518	36,339,032	14,269,334	33,129,483	3,038,225	-4,000,500
Other Income Or Grants
Cost Of Sales	45,590,094	16,202,724	198,108,929	45,249,654	34,504,845	5,936,092	22,550,033	9,072,578	21,374,989	1,978,248	-2,561,965
Gross Profit	28,217,928	9,643,144	116,416,709	27,102,683	20,360,901	3,562,426	13,788,999	5,196,757	11,754,494	1,059,978	-1,438,535
Admin Expenses	-2,177,747	15,421,527	-150,597,794	-15,934,969	-8,186,995	21,996,980	-10,330,272	-615,145	-10,123,685	14,513,359	6,198,851
Operating Profit	30,395,675	-5,778,383	267,014,503	43,037,652	28,547,896	-18,434,554	24,119,271	5,811,902	21,878,179	-13,453,381	-7,637,386
Interest Payable	895,197	4,445,253	5,484,070	4,613,806	5,045,510	3,532,805	1,345,549	1,797,614	2,128,226	4,594,969	530,360
Interest Receivable	3,054,342	1,348,859	1,937,163	370,804
Pre-Tax Profit	23,264,596	-15,474,689	217,069,985	31,069,911	22,348,301	-18,710,246	20,212,374	4,036,168	16,991,792	-15,881,033	-9,290,355
Tax	88,954	-1,471,777	-12,653,782	-2,581,709	-709,193	197,068	-1,682,128	-236,245	-333,506
Profit After Tax	23,353,550	-16,946,466	204,416,203	28,488,202	21,639,108	-18,513,178	18,530,246	3,799,923	16,658,286	-15,881,033	-9,290,355
Dividends Paid		161,733,786
Retained Profit	23,353,550	-178,680,252	204,416,203	28,488,202	21,639,108	-18,513,178	18,530,246	3,799,923	16,658,286	-15,881,033	-9,290,355
Employee Costs	28,567,039	17,045,124	68,676,198	18,362,157	11,586,013	9,607,466	5,931,151	2,000,000	5,051,394	3,345,217	848,951
Number Of Employees	69	74	67	55	56	39	7	8	10	12	-26
EBITDA*	30,546,895	-5,434,699	267,605,801	43,761,673	29,280,601	-18,434,554	24,119,271	5,811,902	21,878,179	-12,731,786	-7,531,814

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Tangible Assets	2,121,139	25,654,213	33,229,194	8,385,608	19,922,633	2,682,048	976,769	226,241	357,169	451,575	406,672
Intangible Assets	27,495	33,155	4,413	2,931	5,309	7,210	767	4,617	7,395	9,903	9,995
Investments & Other	555,555	21,627,850	2,536,404	984,171	1,169,599					2,640
Debtors (Due After 1 year)	121,300	858,806	23,900,803	1,330,792	16,962,985
Total Fixed Assets	2,027,333	24,828,562	31,355,573	7,057,745	19,927,942	2,689,257	977,535	230,858	364,564	461,477	416,666
Stock & work in progress	2,783,438	179,989,487	449,739,652	210,208,119	194,973,452	21,204,838	37,293,567	44,803,385	1,296,309	15,023,436	79,122,313
Trade Debtors	22,342,714	128,402,879	263,979,349	222,641,067	220,935,225	53,318,113	2,951,008	45,397,461	15,986,098	25,678,352	23,810,595
Group Debtors					13,935,831
Misc Debtors	25,588,710	62,458,353	6,230,694	19,527,334	539,290	1,338,620	2,044,008	263,178	47,326	5,898,197
Cash	84,240,659	20,697,881	61,600,917	56,743,368	91,877,275	45,300,008	42,992,409	4,726,433	47,155,217	24,108,404	28,580,709
misc current assets	99,611,030	65,310,529	131,297,326	74,895,940	55,117,567	14,890,651	14,764,241	42,360,908	35,832,286	4,096,521	5,989,505
total current assets	234,566,553	456,859,130	912,847,939	584,015,829	577,378,641	136,052,231	100,045,235	137,551,366	100,317,237	74,804,912	137,503,123
total assets	236,593,886	481,687,692	944,203,512	591,073,574	597,306,583	138,741,488	101,022,770	137,782,224	100,681,801	75,266,389	137,919,789
Bank overdraft
Bank loan								32,453,251	4,022,776
Trade Creditors	57,374,252	258,558,143	207,908,393	186,201,817	407,629,703	51,530,081	40,483,784	46,526,356	30,471,789	7,744,108	36,455,522
Group/Directors Accounts				1		17,926,780	6,616,576	4,092,343	3,051,098	4,977,883	1
other short term finances	2,965,388	64,737,182	289,947,930	185,261,615	59,814,168	9,210,926				25,576,021	52,906,046
hp & lease commitments	372,796	985,767	2,941,487	3,411,988
other current liabilities	31,939,995	35,590,327	126,610,183	120,475,595	54,615,442	12,714,890	17,712,948	29,208,155	31,119,571	3,451,508	16,140,677
total current liabilities	92,652,434	359,871,422	627,407,996	495,351,019	522,059,314	91,382,680	64,813,310	112,280,108	68,665,237	41,749,521	105,502,249
loans	913,794	2,974,283	3,011,207	4,008,499	526,394			62,331	129,409	114,874	153,048
hp & lease commitments	456,897	825,650	1,175,536	668,327
Accruals and Deferred Income
other liabilities				1,653,964	919,296
provisions	4,473,556	6,645,640	7,252,668	6,022,276
total long term liabilities	2,693,676	4,809,962	5,131,938	6,669,353	1,182,493			62,331	129,409	114,874	153,048
total liabilities	95,346,110	364,681,384	632,539,934	502,020,372	523,241,807	91,382,680	64,813,310	112,342,439	68,794,646	41,864,395	105,655,297
net assets	141,247,776	117,006,308	311,663,579	89,053,202	74,064,775	47,358,808	36,209,460	25,439,785	31,887,155	33,401,994	32,264,493
total shareholders funds	141,247,776	117,006,308	311,663,578	89,053,202	74,064,775	47,358,808	36,209,461	25,439,785	31,887,155	33,401,994	32,264,493

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012
Operating Activities
Operating Profit	30,395,675	-5,778,383	267,014,503	43,037,652	28,547,896	-18,434,554	24,119,271	5,811,902	21,878,179	-13,453,381	-7,637,386
Depreciation	145,560	339,641	590,416	721,823	731,189					721,595	105,572
Amortisation	5,660	4,043	882	2,198	1,516
Tax	88,954	-1,471,777	-12,653,782	-2,581,709	-709,193	197,068	-1,682,128	-236,245	-333,506
Stock	-177,206,049	-269,750,165	239,531,533	15,234,667	173,768,614	-16,088,729	-7,509,818	43,507,076	-13,727,127	-64,098,877	79,122,313
Debtors	-143,667,314	-102,390,808	50,611,654	-8,874,138	197,716,597	49,661,717	-40,665,622	29,627,214	-15,543,125	7,765,955	23,810,594
Creditors	-201,183,891	50,649,750	21,706,576	-221,427,885	356,099,622	11,046,297	-6,042,572	16,054,567	22,727,681	-28,711,414	36,455,522
Accruals and Deferred Income	-3,650,332	-91,019,856	6,134,588	65,860,153	41,900,552	-4,998,058	-11,495,207	-1,911,416	27,668,063	-12,689,169	16,140,677
Deferred Taxes & Provisions	-2,172,084	-607,028	1,230,392	6,022,276
Cash flow from operations	144,502,905	324,257,363	-6,119,612	-114,726,021	55,086,371	-45,762,235	53,074,804	-53,415,482	101,210,669	2,200,553	-57,868,522
Investing Activities
capital expenditure	23,387,514	7,202,554	-25,436,365	10,815,382	-17,971,390	-1,711,722	-746,678	133,706	96,914	-766,406	-522,239
Change in Investments	-21,072,295	19,091,446	1,552,233	-185,428	1,169,599				-2,640	2,640
cash flow from investments	44,459,809	-11,888,892	-26,988,598	11,000,810	-19,140,989	-1,711,722	-746,678	133,706	99,554	-769,046	-522,239
Financing Activities
Bank loans							-32,453,251	28,430,475	4,022,776
Group/Directors Accounts			-1	1	-17,926,780	11,310,204	2,524,233	1,041,245	-1,926,785	4,977,882	1
Other Short Term Loans	-61,771,794	-225,210,748	104,686,315	125,447,447	50,603,242	9,210,926			-25,576,021	-27,330,025	52,906,046
Long term loans	-2,060,489	-36,924	-997,292	3,482,105	526,394		-62,331	-67,078	14,535	-38,174	153,048
Hire Purchase and Lease Commitments	-981,724	-2,305,606	36,708	4,080,315
other long term liabilities			-1,653,964	734,668	919,296
share issue	887,919	-15,977,018	18,194,172	-13,499,775	5,066,860	29,662,525	-7,760,570	-10,247,294	-18,173,125	17,018,534	41,554,848
interest	2,159,145	-3,096,394	-3,546,907	-4,243,002	-5,045,510	-3,532,805	-1,345,549	-1,797,614	-2,128,226	-4,594,969	-530,360
cash flow from financing	-61,766,943	-246,626,690	116,719,031	116,001,759	34,143,502	46,650,850	-39,097,468	17,359,734	-43,766,846	-9,966,752	94,083,583
cash and cash equivalents
cash	63,542,778	-40,903,036	4,857,549	-35,133,907	46,577,267	2,307,599	38,265,976	-42,428,784	23,046,813	-4,472,305	28,580,709
overdraft
change in cash	63,542,778	-40,903,036	4,857,549	-35,133,907	46,577,267	2,307,599	38,265,976	-42,428,784	23,046,813	-4,472,305	28,580,709

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for freepoint commodities enterprises ltd. by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SW1E area or any other competitors across 12 key performance metrics.

FREEPOINT COMMODITIES ENTERPRISES LTD. group structure

Freepoint Commodities Enterprises Ltd. has no subsidiary companies.

Ultimate parent company

FREEPOINT COMMODITIES LLC

#0078367

1 parent

FREEPOINT COMMODITIES ENTERPRISES LTD.

07768867

FREEPOINT COMMODITIES ENTERPRISES LTD. Shareholders

freepoint commodities llc

100%

Freepoint Commodities Enterprises Ltd. currently has 4 directors. The longest serving directors include Mr Daniel Hecht (Sep 2011) and Mr Giuseppe Minichiello (Sep 2011).

officer	country	age	start	end	role
Mr Daniel Hecht	United States	50 years	Sep 2011	-	Director
Mr Giuseppe Minichiello	United Kingdom	54 years	Sep 2011	-	Director
Mr Robert Feilbogen	United States	56 years	Sep 2011	-	Director
Mr Michael Walter	United Kingdom	59 years	Jan 2016	-	Director

P&L

December 2022

turnover

73.8m

+186%

operating profit

30.4m

gross margin

38.3%

+2.47%

turnover

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

Balance Sheet

December 2022

net assets

141.2m

+0.21%

total assets

236.6m

-0.51%

cash

84.2m

+3.07%

net assets

Total assets minus all liabilities

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company number

07768867

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

September 2011

ultimate parent company

FREEPOINT COMMODITIES LLC

previous names

freepoint commodities uk ltd (March 2012)

address

62 buckingham gate, london, SW1E 6AJ

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 14 charges/mortgages relating to freepoint commodities enterprises ltd.. Currently there are 0 open charges and 14 have been satisfied in the past.

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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freepoint commodities enterprises ltd. Company Information

freepoint commodities enterprises ltd. Estimated Valuation

freepoint commodities enterprises ltd. Estimated Valuation

freepoint commodities enterprises ltd. Estimated Valuation

Freepoint Commodities Enterprises Ltd. Overview

Freepoint Commodities Enterprises Ltd. Health Check

FREEPOINT COMMODITIES ENTERPRISES LTD. financials

freepoint commodities enterprises ltd. Credit Report and Business Information

Freepoint Commodities Enterprises Ltd. Competitor Analysis

freepoint commodities enterprises ltd. Ownership

freepoint commodities enterprises ltd. directors

freepoint commodities enterprises ltd. company details

freepoint commodities enterprises ltd. Charges & Mortgages

freepoint commodities enterprises ltd. Capital Raised & Share Issues BETA

freepoint commodities enterprises ltd. Companies House Filings - See Documents