fomlet ltd

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fomlet ltd Company Information

Share FOMLET LTD

Company Number

07976747

Shareholders

anstance fometu

bertha worwu

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Group Structure

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Industry

General medical practice activities

 

Registered Address

62 sterling gardens, london, SE14 6DZ

fomlet ltd Estimated Valuation

£74.6k

Pomanda estimates the enterprise value of FOMLET LTD at £74.6k based on a Turnover of £173.5k and 0.43x industry multiple (adjusted for size and gross margin).

fomlet ltd Estimated Valuation

£2.1k

Pomanda estimates the enterprise value of FOMLET LTD at £2.1k based on an EBITDA of £673 and a 3.19x industry multiple (adjusted for size and gross margin).

fomlet ltd Estimated Valuation

£4.8k

Pomanda estimates the enterprise value of FOMLET LTD at £4.8k based on Net Assets of £1.9k and 2.51x industry multiple (adjusted for liquidity).

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Fomlet Ltd Overview

Fomlet Ltd is a live company located in london, SE14 6DZ with a Companies House number of 07976747. It operates in the general medical practice activities sector, SIC Code 86210. Founded in March 2012, it's largest shareholder is anstance fometu with a 25% stake. Fomlet Ltd is a established, micro sized company, Pomanda has estimated its turnover at £173.5k with high growth in recent years.

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Fomlet Ltd Health Check

Pomanda's financial health check has awarded Fomlet Ltd a 2.5 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 Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £173.5k, make it smaller than the average company (£1.3m)

£173.5k - Fomlet Ltd

£1.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (10.9%)

16% - Fomlet Ltd

10.9% - Industry AVG

production

Production

with a gross margin of 23.4%, this company has a higher cost of product (45.6%)

23.4% - Fomlet Ltd

45.6% - Industry AVG

profitability

Profitability

an operating margin of 0.4% make it less profitable than the average company (5.1%)

0.4% - Fomlet Ltd

5.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (16)

1 - Fomlet Ltd

16 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.5k, the company has an equivalent pay structure (£35.5k)

£35.5k - Fomlet Ltd

£35.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £173.5k, this is more efficient (£91k)

£173.5k - Fomlet Ltd

£91k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 83 days, this is later than average (36 days)

83 days - Fomlet Ltd

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 99 days, this is slower than average (26 days)

99 days - Fomlet Ltd

26 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fomlet Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Fomlet Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 95.2%, this is a higher level of debt than the average (53.7%)

95.2% - Fomlet Ltd

53.7% - Industry AVG

FOMLET LTD financials

EXPORTms excel logo

Fomlet Ltd's latest turnover from February 2024 is estimated at £173.5 thousand and the company has net assets of £1.9 thousand. According to their latest financial statements, we estimate that Fomlet Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Mar 2014Mar 2013
Turnover173,472129,930118,980111,790100,72778,09948,68352,85250,09931,75238,078
Other Income Or Grants
Cost Of Sales132,912100,75090,88684,19874,99458,89533,93834,34735,84222,83028,268
Gross Profit40,56029,18028,09427,59225,73319,20414,74518,50414,2568,9229,810
Admin Expenses39,88730,77027,77826,99824,55919,19514,62418,11914,2218,3539,292
Operating Profit673-1,5903165941,174912138535569518
Interest Payable
Interest Receivable881
Pre-Tax Profit673-1,5903165941,174912138543577518
Tax-168-60-113-223-2-23-77-8-121-119
Profit After Tax505-1,59025648195179830834456399
Dividends Paid
Retained Profit505-1,59025648195179830834456399
Employee Costs35,51133,50931,86561,97333,02436,32135,37034,54028,94827,03225,527
Number Of Employees11121111111
EBITDA*673-1,5903165941,174912138535569518

* Earnings Before Interest, Tax, Depreciation and Amortisation

Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Mar 2014Mar 2013
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors39,89033,74528,94028,27423,68920,67414,44412,43110,2084,9436,537
Group Debtors
Misc Debtors
Cash3,107237
misc current assets
total current assets39,89033,74528,94028,27423,68920,67414,44412,43110,2088,0506,774
total assets39,89033,74528,94028,27423,68920,67414,44412,43110,2088,0506,774
Bank overdraft
Bank loan
Trade Creditors 36,30530,82524,91025,54021,43619,37213,14911,2349,3197,1946,374
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities36,30530,82524,91025,54021,43619,37213,14911,2349,3197,1946,374
loans
hp & lease commitments
Accruals and Deferred Income1,6801,520
other liabilities1,040
provisions
total long term liabilities1,6801,5201,040
total liabilities37,98532,34525,95025,54021,43619,37213,14911,2349,3197,1946,374
net assets1,9051,4002,9902,7342,2531,3021,2951,197889856400
total shareholders funds1,9051,4002,9902,7342,2531,3021,2951,197889856400
Feb 2024Feb 2023Feb 2022Feb 2021Feb 2020Feb 2019Feb 2018Feb 2017Feb 2016Feb 2015Mar 2014Mar 2013
Operating Activities
Operating Profit673-1,5903165941,174912138535569518
Depreciation
Amortisation
Tax-168-60-113-223-2-23-77-8-121-119
Stock
Debtors6,1454,8056664,5853,0156,2302,0132,2235,265-1,5946,537
Creditors5,4805,915-6304,1042,0646,2231,9151,9152,1258206,374
Accruals and Deferred Income1601,520
Deferred Taxes & Provisions
Cash flow from operations1,040-1,040-3,1132,862236
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-1,0401,040
share issue-11
interest881
cash flow from financing-1,0401,040782
cash and cash equivalents
cash-3,1072,870237
overdraft
change in cash-3,1072,870237

fomlet ltd 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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Fomlet Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fomlet ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in SE14 area or any other competitors across 12 key performance metrics.

fomlet ltd Ownership

FOMLET LTD group structure

Fomlet Ltd has no subsidiary companies.

Ultimate parent company

FOMLET LTD

07976747

FOMLET LTD Shareholders

anstance fometu 25%
bertha worwu 25%
desmond doe fometu 25%
felix fometu 25%

fomlet ltd directors

Fomlet Ltd currently has 2 directors. The longest serving directors include Mr Desmond Fometu (Mar 2012) and Mrs Anstance Fometu (Jun 2013).

officercountryagestartendrole
Mr Desmond FometuEngland48 years Mar 2012- Director
Mrs Anstance FometuUnited Kingdom49 years Jun 2013- Director

P&L

February 2024

turnover

173.5k

+34%

operating profit

673.3

0%

gross margin

23.4%

+4.11%

turnover

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

Balance Sheet

February 2024

net assets

1.9k

+0.36%

total assets

39.9k

+0.18%

cash

0

0%

net assets

Total assets minus all liabilities

fomlet ltd company details

company number

07976747

Type

Private limited with Share Capital

industry

86210 - General medical practice activities

incorporation date

March 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

February 2024

previous names

N/A

accountant

AMAS ACCOUNTING LTD

auditor

-

address

62 sterling gardens, london, SE14 6DZ

Bank

-

Legal Advisor

-

fomlet ltd 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 fomlet ltd.

fomlet ltd 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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fomlet ltd Companies House Filings - See Documents

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