Pomanda estimates the enterprise value of SMILE FAST LTD at £2.7m based on a Turnover of £4.5m and 0.6x industry multiple (adjusted for size and gross margin).
smile fast ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of SMILE FAST LTD at £0 based on an EBITDA of £-274.3k and a 3.81x industry multiple (adjusted for size and gross margin).
smile fast ltdEstimated Valuation
£96.4k
Pomanda estimates the enterprise value of SMILE FAST LTD at £96.4k based on Net Assets of £37.1k and 2.6x industry multiple (adjusted for liquidity).
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Smile Fast LtdOverview
Smile Fast Ltd is a live company located in carlisle, CA1 2UT with a Companies House number of 08133178. It operates in the dental practice activities sector, SIC Code 86230. Founded in July 2012, it's largest shareholder is
olumide ojo
with a 31% stake. Smile Fast Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£4.5m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Smile Fast Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4.5out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £4.5m, make it larger than the average company (£926.6k)
£4.5m - Smile Fast Ltd
£926.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 115%, show it is growing at a faster rate (2.9%)
115% - Smile Fast Ltd
2.9% - Industry AVG
Production
with a gross margin of 48.7%, this company has a comparable cost of product (48.7%)
48.7% - Smile Fast Ltd
48.7% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (7.6%)
-6.3% - Smile Fast Ltd
7.6% - Industry AVG
Employees
with 7 employees, this is below the industry average (11)
7 - Smile Fast Ltd
11 - Industry AVG
Pay Structure
on an average salary of £20.7k, the company has an equivalent pay structure (£20.7k)
£20.7k - Smile Fast Ltd
£20.7k - Industry AVG
Efficiency
resulting in sales per employee of £638k, this is more efficient (£88.8k)
£638k - Smile Fast Ltd
£88.8k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is later than average (9 days)
30 days - Smile Fast Ltd
9 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (27 days)
38 days - Smile Fast Ltd
27 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smile Fast Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 22 weeks, this is more cash available to meet short term requirements (2 weeks)
22 weeks - Smile Fast Ltd
2 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.9%, this is a higher level of debt than the average (56.5%)
95.9% - Smile Fast Ltd
56.5% - Industry AVG
SMILE FAST LTD financials
EXPORT
Smile Fast Ltd's latest turnover from July 2023 is estimated at £4.5 million and the company has net assets of £37.1 thousand. According to their latest financial statements, Smile Fast Ltd has 7 employees and maintains cash reserves of £320.4 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Turnover
4,465,851
3,138,085
4,102,197
451,375
6,083
Other Income Or Grants
Cost Of Sales
2,292,792
1,635,652
2,056,118
232,851
3,111
Gross Profit
2,173,059
1,502,433
2,046,078
218,524
2,972
Admin Expenses
2,453,907
1,575,006
1,479,272
274,905
2,602
Operating Profit
-280,848
-72,573
566,806
-56,381
370
Interest Payable
25,316
11,372
2,850
1,525
Interest Receivable
22,347
5,225
134
3
Pre-Tax Profit
-283,817
-78,720
564,090
-57,903
370
Tax
-107,177
-70
Profit After Tax
-283,817
-78,720
456,913
-57,903
300
Dividends Paid
Retained Profit
-283,817
-78,720
456,913
-57,903
300
Employee Costs
145,028
193,125
129,080
53,408
17,248
Number Of Employees
7
10
7
3
1
EBITDA*
-274,264
-64,170
568,004
-56,381
370
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Tangible Assets
19,748
25,208
10,302
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
19,748
25,208
10,302
Stock & work in progress
Trade Debtors
379,234
313,123
446,763
38,769
300
Group Debtors
Misc Debtors
174,961
229,995
16,439
3,155
Cash
320,397
573,470
262,484
5,243
misc current assets
17,485
47,479
total current assets
892,077
1,164,067
725,686
47,167
300
total assets
911,825
1,189,275
735,988
47,167
300
Bank overdraft
2,275
Bank loan
Trade Creditors
243,906
174,445
162,876
31,467
Group/Directors Accounts
other short term finances
69,057
152,196
43,433
50,000
hp & lease commitments
other current liabilities
440,824
423,668
130,069
23,003
total current liabilities
756,062
750,309
336,378
104,470
loans
118,690
118,076
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
118,690
118,076
total liabilities
874,752
868,385
336,378
104,470
net assets
37,073
320,890
399,610
-57,303
300
total shareholders funds
37,073
320,890
399,610
-57,303
300
Jul 2023
Jul 2022
Jul 2021
Jul 2020
Jul 2019
Jul 2018
Jul 2017
Jul 2016
Jul 2015
Jul 2014
Jul 2013
Operating Activities
Operating Profit
-280,848
-72,573
566,806
-56,381
370
Depreciation
6,584
8,403
1,198
Amortisation
Tax
-107,177
-70
Stock
Debtors
11,077
79,916
421,278
41,624
300
Creditors
69,461
11,569
131,409
31,467
Accruals and Deferred Income
17,156
293,599
107,066
23,003
Deferred Taxes & Provisions
Cash flow from operations
-198,724
161,082
278,024
-43,535
Investing Activities
capital expenditure
-1,124
-23,309
-11,500
Change in Investments
cash flow from investments
-1,124
-23,309
-11,500
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-83,139
108,763
-6,567
50,000
Long term loans
614
118,076
Hire Purchase and Lease Commitments
other long term liabilities
share issue
300
interest
-2,969
-6,147
-2,716
-1,522
cash flow from financing
-85,494
220,692
-9,283
48,778
cash and cash equivalents
cash
-253,073
310,986
257,241
5,243
overdraft
2,275
change in cash
-255,348
310,986
257,241
5,243
smile fast ltd 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 smile fast ltd. Get real-time insights into smile fast ltd's credit score, group structure and payment trends.
Perform a competitor analysis for smile fast ltd by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in CA1 area or any other competitors across 12 key performance metrics.
smile fast ltd Ownership
SMILE FAST LTD group structure
Smile Fast Ltd has no subsidiary companies.
Ultimate parent company
SMILE FAST LTD
08133178
SMILE FAST LTD Shareholders
The largest shareholders in Smile Fast Ltd include Olumide Ojo and Joanne Dickenson.
olumide ojo
30.96%
joanne dickenson
30.96%
thomas sealey
27.08%
michael graham coldicott
5%
jasmine piran
2%
rajiv ruwala
2%
david bretton
1%
miguel polonia
1%
smile fast ltd directors
Smile Fast Ltd currently has 5 directors.
The longest serving directors include
Dr Olumide Ojo (Apr 2019) and
Dr Thomas Sealey (Apr 2019).
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 smile fast ltd.
smile fast 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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smile fast ltdCompanies House Filings - See Documents
