faultcurrent limited
faultcurrent limited Company Information
Company Number
08042635
Next Accounts
Feb 2025
Shareholders
eriez investments limited
ip2ipo portfolio (gp) ltd
View AllGroup Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
Registered Address
2 sovereign quay, havannah street, cardiff, CF10 5SF
Website
faultcurrentltd.comfaultcurrent limited Estimated Valuation
Pomanda estimates the enterprise value of FAULTCURRENT LIMITED at £283.5k based on a Turnover of £232.2k and 1.22x industry multiple (adjusted for size and gross margin).
faultcurrent limited Estimated Valuation
Pomanda estimates the enterprise value of FAULTCURRENT LIMITED at £0 based on an EBITDA of £-359.5k and a 5.57x industry multiple (adjusted for size and gross margin).
faultcurrent limited Estimated Valuation
Pomanda estimates the enterprise value of FAULTCURRENT LIMITED at £131.9k based on Net Assets of £64.8k and 2.03x industry multiple (adjusted for liquidity).
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Faultcurrent Limited Overview
Faultcurrent Limited is a dissolved company that was located in cardiff, CF10 5SF with a Companies House number of 08042635. It operated in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in April 2012, it's largest shareholder was eriez investments limited with a 56.1% stake. The last turnover for Faultcurrent Limited was estimated at £232.2k.
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Faultcurrent Limited Health Check
Pomanda's financial health check has awarded Faultcurrent Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £232.2k, make it smaller than the average company (£3.7m)
- Faultcurrent Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.8%)
- Faultcurrent Limited
4.8% - Industry AVG
Production
with a gross margin of 46.8%, this company has a comparable cost of product (46.8%)
- Faultcurrent Limited
46.8% - Industry AVG
Profitability
an operating margin of -155.1% make it less profitable than the average company (2.4%)
- Faultcurrent Limited
2.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (43)
3 - Faultcurrent Limited
43 - Industry AVG
Pay Structure
on an average salary of £57.8k, the company has an equivalent pay structure (£57.8k)
- Faultcurrent Limited
£57.8k - Industry AVG
Efficiency
resulting in sales per employee of £77.4k, this is less efficient (£108.3k)
- Faultcurrent Limited
£108.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Faultcurrent Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (38 days)
- Faultcurrent Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Faultcurrent Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 323 weeks, this is more cash available to meet short term requirements (27 weeks)
323 weeks - Faultcurrent Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 15.1%, this is a lower level of debt than the average (45.1%)
15.1% - Faultcurrent Limited
45.1% - Industry AVG
FAULTCURRENT LIMITED financials
Faultcurrent Limited's latest turnover from December 2019 is estimated at £232.2 thousand and the company has net assets of £64.8 thousand. According to their latest financial statements, Faultcurrent Limited has 3 employees and maintains cash reserves of £71.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | ||||
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | -395,817 | -161,320 | -205,582 | ||||
| Interest Payable | 19,918 | 0 | 0 | ||||
| Interest Receivable | 487 | 118 | 4 | ||||
| Pre-Tax Profit | -415,248 | -161,202 | -205,578 | ||||
| Tax | 0 | 0 | 0 | ||||
| Profit After Tax | -415,248 | -161,202 | -205,578 | ||||
| Dividends Paid | 0 | 0 | 0 | ||||
| Retained Profit | -415,248 | -161,202 | -205,578 | ||||
| Employee Costs | |||||||
| Number Of Employees | 3 | 3 | 3 | 2 | |||
| EBITDA* | -395,603 | -161,106 | -205,582 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 41 | 723 | 1,204 | 0 | 215 | 429 | 643 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 41 | 723 | 1,204 | 0 | 215 | 429 | 643 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 59,853 | 0 | 0 | 0 | 71,821 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 4,733 | 52,121 | 24,441 | 31,104 | 14,365 | 50,388 | 22,747 |
| Cash | 71,555 | 143,590 | 179,471 | 108,320 | 84,203 | 201,138 | 5,109 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 76,288 | 255,564 | 203,912 | 139,424 | 98,568 | 323,347 | 27,856 |
| total assets | 76,329 | 256,287 | 205,116 | 139,424 | 98,783 | 323,776 | 28,499 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,096 | 131,515 | 20,450 | 20,181 | 18,808 | 94,025 | 56,820 |
| Group/Directors Accounts | 0 | 45,060 | 7,363 | 549,566 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,400 | 5,543 | 4,465 | 4,481 | 5,769 | 10,215 | 20,937 |
| total current liabilities | 11,496 | 182,118 | 32,278 | 574,228 | 24,577 | 104,240 | 77,757 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 369,918 | 100,000 | 155,298 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 369,918 | 100,000 | 155,298 |
| total liabilities | 11,496 | 182,118 | 32,278 | 574,228 | 394,495 | 204,240 | 233,055 |
| net assets | 64,833 | 74,169 | 172,838 | -434,804 | -295,712 | 119,536 | -204,556 |
| total shareholders funds | 64,833 | 74,169 | 172,838 | -434,804 | -295,712 | 119,536 | -204,556 |
| Dec 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | Jul 2013 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -395,817 | -161,320 | -205,582 | ||||
| Depreciation | 682 | 481 | 241 | 215 | 214 | 214 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -107,241 | 87,533 | -6,663 | 16,739 | -107,844 | 99,462 | 22,747 |
| Creditors | -128,419 | 111,065 | 269 | 1,373 | -75,217 | 37,205 | 56,820 |
| Accruals and Deferred Income | 2,857 | 1,078 | -16 | -1,288 | -4,446 | -10,722 | 20,937 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -367,422 | -234,085 | -150,572 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -45,060 | 37,697 | -542,203 | 549,566 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -369,918 | 269,918 | -55,298 | 155,298 |
| share issue | |||||||
| interest | -19,431 | 118 | 4 | ||||
| cash flow from financing | 250,487 | 430,114 | 156,324 | ||||
| cash and cash equivalents | |||||||
| cash | -72,035 | -35,881 | 71,151 | 24,117 | -116,935 | 196,029 | 5,109 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -72,035 | -35,881 | 71,151 | 24,117 | -116,935 | 196,029 | 5,109 |
faultcurrent limited Credit Report and Business Information
Faultcurrent Limited Competitor Analysis
Perform a competitor analysis for faultcurrent limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in CF10 area or any other competitors across 12 key performance metrics.
faultcurrent limited Ownership
FAULTCURRENT LIMITED group structure
Faultcurrent Limited has no subsidiary companies.
Ultimate parent company
FAULTCURRENT LIMITED
08042635
faultcurrent limited directors
Faultcurrent Limited currently has 6 directors. The longest serving directors include Mr Andrew Cheer (Apr 2012) and Dr Jeremy Hall (Sep 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Cheer | 69 years | Apr 2012 | - | Director | |
| Dr Jeremy Hall | 55 years | Sep 2012 | - | Director | |
| Mr Martin Ansell | 68 years | Sep 2012 | - | Director | |
| Mr Mark Mandel | United States | 66 years | Sep 2020 | - | Director |
| Mr Lukas Guenthardt | United States | 66 years | Sep 2020 | - | Director |
| Mr Lukas Guenthardt | United States | 66 years | Sep 2020 | - | Director |
P&L
December 2019turnover
232.2k
-44%
operating profit
-360.1k
0%
gross margin
46.8%
-1.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
64.8k
-0.13%
total assets
76.3k
-0.7%
cash
71.6k
-0.5%
net assets
Total assets minus all liabilities
faultcurrent limited company details
company number
08042635
Type
Private limited with Share Capital
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2019
previous names
N/A
accountant
GRANT THORNTON UK LLP
auditor
-
address
2 sovereign quay, havannah street, cardiff, CF10 5SF
Bank
-
Legal Advisor
-
faultcurrent 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 faultcurrent limited.
faultcurrent 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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faultcurrent limited Companies House Filings - See Documents
| date | description | view/download |
|---|
