Pomanda estimates the enterprise value of FT TECHNOLOGY LIMITED at £32.6m based on a Turnover of £28.3m and 1.15x industry multiple (adjusted for size and gross margin).
ft technology limitedEstimated Valuation
£35.9m
Pomanda estimates the enterprise value of FT TECHNOLOGY LIMITED at £35.9m based on an EBITDA of £5m and a 7.14x industry multiple (adjusted for size and gross margin).
ft technology limitedEstimated Valuation
£23.2m
Pomanda estimates the enterprise value of FT TECHNOLOGY LIMITED at £23.2m based on Net Assets of £11.5m and 2.02x industry multiple (adjusted for liquidity).
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Ft Technology LimitedOverview
Ft Technology Limited is a live company located in birmingham, B3 3AX with a Companies House number of 08201380. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 2012, it's largest shareholder is
sylvia duckworth
with a 16.7% stake. Ft Technology Limited is a established,
large sized company, Pomanda has estimated its turnover at
£28.3m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Ft Technology Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 0 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
9 Strong
3 Regular
0 Weak
Size
annual sales of £28.3m, make it larger than the average company (£12.1m)
£28.3m - Ft Technology Limited
£12.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (1.9%)
12% - Ft Technology Limited
1.9% - Industry AVG
Production
with a gross margin of 36.4%, this company has a lower cost of product (30.2%)
36.4% - Ft Technology Limited
30.2% - Industry AVG
Profitability
an operating margin of 16% make it more profitable than the average company (6.3%)
16% - Ft Technology Limited
6.3% - Industry AVG
Employees
with 174 employees, this is above the industry average (69)
174 - Ft Technology Limited
69 - Industry AVG
Pay Structure
on an average salary of £46k, the company has an equivalent pay structure (£39k)
£46k - Ft Technology Limited
£39k - Industry AVG
Efficiency
resulting in sales per employee of £162.7k, this is equally as efficient (£164.2k)
£162.7k - Ft Technology Limited
£164.2k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (57 days)
62 days - Ft Technology Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (45 days)
55 days - Ft Technology Limited
45 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (66 days)
18 days - Ft Technology Limited
66 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 76 weeks, this is more cash available to meet short term requirements (14 weeks)
76 weeks - Ft Technology Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.3%, this is a lower level of debt than the average (50.5%)
30.3% - Ft Technology Limited
50.5% - Industry AVG
FT TECHNOLOGY LIMITED financials
EXPORT
Ft Technology Limited's latest turnover from June 2022 is £28.3 million and the company has net assets of £11.5 million. According to their latest financial statements, Ft Technology Limited has 174 employees and maintains cash reserves of £7.3 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
May 2015
May 2014
May 2013
Turnover
28,308,363
21,159,498
20,621,028
19,929,287
17,747,078
15,354,733
14,867,326
10,171,654
7,648,698
755,974
Other Income Or Grants
Cost Of Sales
18,010,120
14,409,855
14,034,871
13,488,547
12,036,663
11,030,772
10,242,999
7,235,863
5,384,788
513,849
Gross Profit
10,298,243
6,749,643
6,586,157
6,440,740
5,710,415
4,323,961
4,624,327
2,935,791
2,263,910
242,126
Admin Expenses
5,769,279
4,577,929
3,026,069
3,108,000
2,460,469
2,417,716
2,824,067
1,595,242
1,229,441
241,826
Operating Profit
4,528,964
2,171,714
3,560,088
3,332,740
3,249,946
1,906,245
1,800,260
1,340,549
1,034,469
300
Interest Payable
16,263
20,630
21,100
24,488
21,450
26,486
24,574
24,752
21,104
Interest Receivable
15,893
10,964
12,701
2,770
2,958
50
Pre-Tax Profit
4,548,865
2,187,191
3,552,332
3,317,330
3,236,677
1,879,759
1,775,686
1,315,797
1,013,365
351
Tax
-947,809
-419,570
-720,976
-644,805
-635,630
-369,420
-389,565
-283,384
-229,909
-81
Profit After Tax
3,601,056
1,767,621
2,831,356
2,672,525
2,601,047
1,510,339
1,386,121
1,032,413
783,456
270
Dividends Paid
610,800
910,000
720,000
731,700
731,050
486,000
486,000
432,000
432,000
Retained Profit
2,711,183
773,386
1,863,266
1,710,420
1,608,096
887,808
779,119
506,358
286,267
270
Employee Costs
8,007,944
7,241,038
6,487,597
5,892,757
4,791,693
4,535,455
4,934,844
2,896,090
2,080,891
187,144
Number Of Employees
174
158
164
157
135
94
93
79
63
6
EBITDA*
5,024,426
2,664,486
4,041,962
3,762,261
3,634,774
2,241,442
2,099,846
1,580,912
1,163,351
300
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
May 2015
May 2014
May 2013
Tangible Assets
1,549,987
1,581,748
1,470,027
1,605,509
1,250,152
1,141,769
914,387
799,252
749,564
Intangible Assets
7,801
22,833
45,907
76,266
70,658
60,094
38,251
Investments & Other
24,750
24,750
24,750
24,750
24,750
24,750
18,270
Debtors (Due After 1 year)
21,478
21,478
21,478
21,478
21,478
21,478
21,478
21,478
21,478
Total Fixed Assets
1,571,465
1,627,976
1,524,056
1,674,570
1,342,287
1,264,263
1,031,273
880,824
809,293
18,270
Stock & work in progress
915,000
625,000
479,118
465,000
408,208
330,027
227,926
170,909
112,267
Trade Debtors
4,827,564
3,957,227
2,313,508
3,327,860
3,006,042
2,603,630
2,781,299
1,890,943
1,457,497
113,924
Group Debtors
Misc Debtors
3,531,092
2,222,874
2,186,174
1,643,529
1,630,805
791,152
97,877
70,624
183,654
Cash
7,314,341
5,872,675
6,248,027
3,690,855
2,687,623
1,528,520
1,386,194
697,550
92,875
20,178
misc current assets
240,809
215,744
207,382
total current assets
16,587,997
12,918,585
11,442,571
9,341,179
7,940,060
5,253,329
4,493,296
2,830,026
1,846,293
134,102
total assets
18,159,462
14,546,561
12,966,627
11,015,749
9,282,347
6,517,592
5,524,569
3,710,850
2,655,586
152,372
Bank overdraft
18,750
Bank loan
Trade Creditors
2,740,189
2,229,609
1,092,678
1,827,077
1,778,167
1,669,899
1,468,181
1,023,241
876,702
152,096
Group/Directors Accounts
59,862
145,159
163,500
191,087
other short term finances
hp & lease commitments
222,727
227,682
235,487
272,296
264,556
214,846
227,036
185,317
156,112
other current liabilities
2,032,428
2,053,968
2,331,793
1,611,646
1,877,756
1,084,801
1,207,260
760,767
436,793
total current liabilities
4,995,344
4,511,259
3,659,958
3,711,019
3,920,479
3,029,408
3,047,636
2,132,825
1,679,444
152,096
loans
3,125
hp & lease commitments
198,619
147,905
147,040
262,519
202,988
201,012
189,786
199,390
200,746
Accruals and Deferred Income
other liabilities
6,250
provisions
312,221
224,375
171,129
154,617
111,983
110,272
124,185
106,044
85,395
total long term liabilities
510,840
372,280
318,169
417,136
314,971
311,284
313,971
305,434
295,516
total liabilities
5,506,184
4,883,539
3,978,127
4,128,155
4,235,450
3,340,692
3,361,607
2,438,259
1,974,960
152,096
net assets
11,486,814
8,764,831
7,981,445
6,118,179
4,396,059
2,776,913
1,889,105
1,109,986
603,628
276
total shareholders funds
11,486,814
8,764,831
7,981,445
6,118,179
4,396,059
2,776,913
1,889,105
1,109,986
603,628
276
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Jun 2017
Jun 2016
May 2015
May 2014
May 2013
Operating Activities
Operating Profit
4,528,964
2,171,714
3,560,088
3,332,740
3,249,946
1,906,245
1,800,260
1,340,549
1,034,469
300
Depreciation
495,462
484,971
466,842
406,447
354,469
301,802
273,991
222,000
118,560
Amortisation
7,801
15,032
23,074
30,359
33,395
25,595
18,363
10,322
Tax
-947,809
-419,570
-720,976
-644,805
-635,630
-369,420
-389,565
-283,384
-229,909
-81
Stock
290,000
145,882
14,118
56,792
78,181
102,101
57,017
58,642
112,267
Debtors
2,178,555
1,680,419
-471,707
334,542
1,242,065
515,606
917,609
320,416
1,548,705
113,924
Creditors
510,580
1,136,931
-734,399
48,910
108,268
201,718
444,940
146,539
724,606
152,096
Accruals and Deferred Income
-21,540
-277,825
720,147
-266,110
792,955
-122,459
446,493
323,974
436,793
Deferred Taxes & Provisions
87,846
53,246
16,512
42,634
1,711
-13,913
18,141
20,649
85,395
Cash flow from operations
2,184,948
1,330,967
3,780,835
2,551,556
2,581,832
1,319,661
1,645,229
1,409,632
519,264
38,391
Investing Activities
capital expenditure
-1,027,536
-187,018
-166,342
-59,649
-140,511
Change in Investments
-24,750
24,750
-18,270
18,270
cash flow from investments
24,750
-1,027,536
-187,018
-191,092
-59,649
-122,241
-18,270
Financing Activities
Bank loans
Group/Directors Accounts
-59,862
-85,297
-18,341
-27,587
191,087
Other Short Term Loans
Long term loans
-3,125
3,125
Hire Purchase and Lease Commitments
45,759
-6,940
-152,288
67,271
51,686
-964
32,115
27,849
356,858
other long term liabilities
-6,250
6,250
share issue
10,800
10,000
11,700
11,050
317,085
6
interest
-370
-9,666
-8,399
-21,718
-18,492
-26,486
-24,574
-24,752
-21,104
50
cash flow from financing
56,189
-6,606
-160,687
57,253
-15,618
-112,747
-10,800
-33,865
853,301
56
cash and cash equivalents
cash
1,441,666
-375,352
2,557,172
1,003,232
1,159,103
142,326
688,644
604,675
72,697
20,178
overdraft
-18,750
18,750
change in cash
1,441,666
-375,352
2,557,172
1,003,232
1,159,103
142,326
688,644
623,425
53,947
20,178
ft technology 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 ft technology limited. Get real-time insights into ft technology limited's credit score, group structure and payment trends.
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ft technology limited Ownership
FT TECHNOLOGY LIMITED group structure
Ft Technology Limited has no subsidiary companies.
Ultimate parent company
FT TECHNOLOGY LIMITED
08201380
FT TECHNOLOGY LIMITED Shareholders
The largest shareholders in Ft Technology Limited include Sylvia Duckworth and Jeneen Frances Hare.
sylvia duckworth
16.67%
jeneen frances hare
16.67%
nicholas roger hare
16.67%
philip roy duckworth
16.67%
alan brown
16.67%
allison brown
16.67%
ft technology limited directors
Ft Technology Limited currently has 6 directors.
The longest serving directors include
Mr Nicholas Hare (Sep 2012) and
Mr Philip Duckworth (Sep 2012).
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 1 charges/mortgages relating to ft technology limited. Currently there are 0 open charges and 1 have been satisfied in the past.
ft technology 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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ft technology limitedCompanies House Filings - See Documents
