Pomanda estimates the enterprise value of FASTLINE STEEL SERVICES UK LTD at £11.7m based on a Turnover of £18.1m and 0.65x industry multiple (adjusted for size and gross margin).
fastline steel services uk ltdEstimated Valuation
£8.1m
Pomanda estimates the enterprise value of FASTLINE STEEL SERVICES UK LTD at £8.1m based on an EBITDA of £1.7m and a 4.78x industry multiple (adjusted for size and gross margin).
fastline steel services uk ltdEstimated Valuation
£6.2m
Pomanda estimates the enterprise value of FASTLINE STEEL SERVICES UK LTD at £6.2m based on Net Assets of £3.3m and 1.88x industry multiple (adjusted for liquidity).
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Fastline Steel Services Uk LtdOverview
Fastline Steel Services Uk Ltd is a live company located in walsall, WS2 9LZ with a Companies House number of 08553719. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in June 2013, it's largest shareholder is
michael john fellows
with a 100% stake. Fastline Steel Services Uk Ltd is a established,
mid sized company, Pomanda has estimated its turnover at
£18.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Fastline Steel Services Uk Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
1 Regular
6 Weak
Size
annual sales of £18.1m, make it larger than the average company (£14.1m)
£18.1m - Fastline Steel Services Uk Ltd
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a similar rate (12.5%)
12% - Fastline Steel Services Uk Ltd
12.5% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (26.3%)
21% - Fastline Steel Services Uk Ltd
26.3% - Industry AVG
Profitability
an operating margin of 7.2% make it more profitable than the average company (5.9%)
7.2% - Fastline Steel Services Uk Ltd
5.9% - Industry AVG
Employees
with 63 employees, this is below the industry average (79)
63 - Fastline Steel Services Uk Ltd
79 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has a lower pay structure (£43.5k)
£32.2k - Fastline Steel Services Uk Ltd
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £287.7k, this is more efficient (£171.7k)
£287.7k - Fastline Steel Services Uk Ltd
£171.7k - Industry AVG
Debtor Days
it gets paid by customers after 76 days, this is later than average (60 days)
76 days - Fastline Steel Services Uk Ltd
60 days - Industry AVG
Creditor Days
its suppliers are paid after 111 days, this is slower than average (51 days)
111 days - Fastline Steel Services Uk Ltd
51 days - Industry AVG
Stock Days
it holds stock equivalent to 61 days, this is more than average (36 days)
61 days - Fastline Steel Services Uk Ltd
36 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 8 weeks, this is less cash available to meet short term requirements (13 weeks)
8 weeks - Fastline Steel Services Uk Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.6%, this is a higher level of debt than the average (50.9%)
64.6% - Fastline Steel Services Uk Ltd
50.9% - Industry AVG
FASTLINE STEEL SERVICES UK LTD financials
EXPORT
Fastline Steel Services Uk Ltd's latest turnover from March 2024 is £18.1 million and the company has net assets of £3.3 million. According to their latest financial statements, Fastline Steel Services Uk Ltd has 63 employees and maintains cash reserves of £864.3 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Turnover
18,123,520
19,401,147
16,448,325
13,012,756
12,109,441
9,355,514
5,569,012
3,033,767
3,028,119
2,009,624
476,962
Other Income Or Grants
Cost Of Sales
14,309,667
15,352,555
13,571,801
11,633,958
9,088,191
6,859,314
4,065,635
2,188,568
2,180,150
1,468,617
353,299
Gross Profit
3,813,853
4,048,592
2,876,524
1,378,798
3,021,250
2,496,200
1,503,377
845,199
847,969
541,006
123,663
Admin Expenses
2,508,455
2,116,317
1,901,354
1,258,807
2,867,216
2,338,628
1,745,885
616,559
328,425
273,934
36,269
Operating Profit
1,305,398
1,932,275
975,170
119,991
154,034
157,572
-242,508
228,640
519,544
267,072
87,394
Interest Payable
61,785
70,652
44,221
39,412
12,347
12,515
4,486
Interest Receivable
18,444
4,971
367
47
340
1,580
494
234
145
128
78
Pre-Tax Profit
1,262,057
1,866,594
931,316
80,626
142,027
146,637
-246,499
228,874
519,689
267,200
87,471
Tax
-380,559
93,520
-112,172
-54,145
-26,985
-27,861
-45,775
-103,938
-56,112
-20,118
Profit After Tax
881,498
1,960,114
819,144
26,481
115,042
118,776
-246,499
183,099
415,751
211,088
67,353
Dividends Paid
350,000
342,000
230,000
200,000
Retained Profit
531,498
1,618,114
589,144
-173,519
115,042
118,776
-246,499
183,099
415,751
211,088
67,353
Employee Costs
2,029,276
1,927,380
1,968,904
1,597,704
2,064,455
1,665,808
1,601,009
879,772
827,613
543,854
130,008
Number Of Employees
63
62
63
54
55
45
45
25
25
16
4
EBITDA*
1,690,551
2,177,848
1,218,952
347,549
442,031
264,772
-145,861
325,287
620,591
276,037
96,359
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Tangible Assets
1,056,587
997,636
848,232
901,458
792,369
522,671
249,929
318,302
404,192
53,783
58,685
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
175,000
Total Fixed Assets
1,231,587
997,636
848,232
901,458
792,369
522,671
249,929
318,302
404,192
53,783
58,685
Stock & work in progress
2,392,806
1,250,005
1,322,097
1,201,136
1,307,892
987,650
1,075,482
625,482
506,554
106,554
Trade Debtors
3,795,908
3,785,357
2,864,144
2,543,648
2,320,093
1,972,604
914,086
471,420
549,826
505,590
111,810
Group Debtors
939,100
527,082
317,148
106,535
79,250
54,250
Misc Debtors
118,740
122,127
47,764
117,738
119,787
30,743
4,700
Cash
864,277
1,599,966
1,037,083
668,382
308,033
372,611
48,823
148,923
38,070
20,030
31,072
misc current assets
580
142,547
total current assets
8,110,831
7,285,117
5,588,236
4,637,439
4,135,055
3,560,405
2,043,091
1,245,825
1,094,450
632,174
142,882
total assets
9,342,418
8,282,753
6,436,468
5,538,897
4,927,424
4,083,076
2,293,020
1,564,127
1,498,642
685,957
201,567
Bank overdraft
Bank loan
209,265
237,401
261,524
Trade Creditors
4,354,668
4,094,748
3,633,753
3,581,334
3,256,929
2,487,890
1,027,767
567,802
538,462
407,514
66,562
Group/Directors Accounts
3,542
59,108
89,953
23,313
15,527
11,683
105,053
other short term finances
hp & lease commitments
187,085
162,982
182,841
252,606
134,482
80,133
other current liabilities
765,162
355,892
463,422
208,701
105,386
213,284
391,380
total current liabilities
5,519,722
4,910,131
4,631,493
4,065,954
3,512,324
2,792,990
1,524,200
567,802
538,462
407,514
66,562
loans
75,407
141,189
204,410
333,485
172,046
232,787
138,026
hp & lease commitments
263,835
279,020
174,995
301,006
285,228
231,840
Accruals and Deferred Income
other liabilities
119,032
265,986
67,650
provisions
173,605
174,062
145,333
147,359
93,214
75,889
total long term liabilities
512,847
594,271
524,738
781,850
550,488
540,516
138,026
119,032
265,986
67,650
total liabilities
6,032,569
5,504,402
5,156,231
4,847,804
4,062,812
3,333,506
1,662,226
686,834
804,448
407,514
134,212
net assets
3,309,849
2,778,351
1,280,237
691,093
864,612
749,570
630,794
877,293
694,194
278,443
67,355
total shareholders funds
3,309,849
2,778,351
1,280,237
691,093
864,612
749,570
630,794
877,293
694,194
278,443
67,355
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Operating Activities
Operating Profit
1,305,398
1,932,275
975,170
119,991
154,034
157,572
-242,508
228,640
519,544
267,072
87,394
Depreciation
385,153
245,573
243,782
227,558
287,997
107,200
96,647
96,647
101,047
8,965
8,965
Amortisation
Tax
-380,559
93,520
-112,172
-54,145
-26,985
-27,861
-45,775
-103,938
-56,112
-20,118
Stock
1,142,801
-72,092
120,961
-106,756
320,242
-87,832
450,000
118,928
400,000
106,554
Debtors
594,182
1,205,510
461,135
248,791
461,533
1,138,811
447,366
-78,406
44,236
393,780
111,810
Creditors
259,920
460,995
52,419
324,405
769,039
1,460,123
459,965
29,340
130,948
340,952
66,562
Accruals and Deferred Income
409,270
-107,530
254,721
103,315
-107,898
-178,096
391,380
Deferred Taxes & Provisions
-457
28,729
-2,026
54,145
17,325
75,889
Cash flow from operations
241,742
1,520,144
829,798
633,234
311,737
543,848
-191,882
268,330
203,365
60,543
30,993
Investing Activities
capital expenditure
-557,695
-379,942
-28,274
-10,757
-451,456
-4,063
-67,650
Change in Investments
cash flow from investments
-557,695
-379,942
-28,274
-10,757
-451,456
-4,063
-67,650
Financing Activities
Bank loans
-28,136
-24,123
261,524
Group/Directors Accounts
-55,566
-30,845
66,640
7,786
3,844
-93,370
105,053
Other Short Term Loans
Long term loans
-65,782
-63,221
-129,075
161,439
-60,741
94,761
138,026
Hire Purchase and Lease Commitments
8,918
84,166
-195,776
133,902
107,737
311,973
other long term liabilities
-119,032
-146,954
265,986
-67,650
67,650
share issue
-120,000
2
interest
-43,341
-65,681
-43,854
-39,365
-12,007
-10,935
-3,992
234
145
128
78
cash flow from financing
-183,907
-219,704
-40,541
263,762
38,833
302,429
120,055
-146,720
266,131
-67,522
67,730
cash and cash equivalents
cash
-735,689
562,883
368,701
360,349
-64,578
323,788
-100,100
110,853
18,040
-11,042
31,072
overdraft
change in cash
-735,689
562,883
368,701
360,349
-64,578
323,788
-100,100
110,853
18,040
-11,042
31,072
fastline steel services uk 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 fastline steel services uk ltd. Get real-time insights into fastline steel services uk ltd's credit score, group structure and payment trends.
Fastline Steel Services Uk Ltd Competitor Analysis
Perform a competitor analysis for fastline steel services uk ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in WS2 area or any other competitors across 12 key performance metrics.
fastline steel services uk ltd Ownership
FASTLINE STEEL SERVICES UK LTD group structure
Fastline Steel Services Uk Ltd has no subsidiary companies.
Ultimate parent company
FASTLINE STEEL SERVICES UK LTD
08553719
FASTLINE STEEL SERVICES UK LTD Shareholders
The sole shareholder of Fastline Steel Services Uk Ltd is Michael John Fellows.
michael john fellows
100%
fastline steel services uk ltd directors
Fastline Steel Services Uk Ltd currently has 1 director, Mr Michael Fellows serving since Jun 2013.
25110 - Manufacture of metal structures and parts of structures
incorporation date
June 2013
age
12
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
EQUUS MILLER LIMITED
address
office 2 charles street, walsall, WS2 9LZ
Bank
-
Legal Advisor
-
fastline steel services uk 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 found 4 charges/mortgages relating to fastline steel services uk ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
fastline steel services uk 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.
Click to start generating capital raising & share issue transactions for FASTLINE STEEL SERVICES UK LTD. This can take several minutes, an email will notify you when this has completed.
fastline steel services uk ltdCompanies House Filings - See Documents
