fulmar properties ltd

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fulmar properties ltd Company Information

Share FULMAR PROPERTIES LTD

Company Number

08619982

Directors

Carol Allen

Benjamin Eades

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Shareholders

parikeet holdings (jersey) ltd

Group Structure

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Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Registered Address

universal square, building 2, 3r, devonshire street north, manchester, M12 6JH

Website

-

fulmar properties ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of FULMAR PROPERTIES LTD at £1.8m based on a Turnover of £526.2k and 3.4x industry multiple (adjusted for size and gross margin).

fulmar properties ltd Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of FULMAR PROPERTIES LTD at £2.5m based on an EBITDA of £370.6k and a 6.64x industry multiple (adjusted for size and gross margin).

fulmar properties ltd Estimated Valuation

£7.3m

Pomanda estimates the enterprise value of FULMAR PROPERTIES LTD at £7.3m based on Net Assets of £4.2m and 1.75x industry multiple (adjusted for liquidity).

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Fulmar Properties Ltd Overview

Fulmar Properties Ltd is a live company located in manchester, M12 6JH with a Companies House number of 08619982. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2013, it's largest shareholder is parikeet holdings (jersey) ltd with a 100% stake. Fulmar Properties Ltd is a established, small sized company, Pomanda has estimated its turnover at £526.2k with rapid growth in recent years.

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Fulmar Properties Ltd Health Check

Pomanda's financial health check has awarded Fulmar Properties Ltd a 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 Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £526.2k, make it smaller than the average company (£921.2k)

£526.2k - Fulmar Properties Ltd

£921.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 75%, show it is growing at a faster rate (4.9%)

75% - Fulmar Properties Ltd

4.9% - Industry AVG

production

Production

with a gross margin of 75.3%, this company has a comparable cost of product (75.3%)

75.3% - Fulmar Properties Ltd

75.3% - Industry AVG

profitability

Profitability

an operating margin of 70.4% make it more profitable than the average company (29.3%)

70.4% - Fulmar Properties Ltd

29.3% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (4)

2 - Fulmar Properties Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)

£32.3k - Fulmar Properties Ltd

£32.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £263.1k, this is more efficient (£177.6k)

£263.1k - Fulmar Properties Ltd

£177.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 48 days, this is later than average (30 days)

48 days - Fulmar Properties Ltd

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 61 days, this is slower than average (38 days)

61 days - Fulmar Properties Ltd

38 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fulmar Properties Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (11 weeks)

2 weeks - Fulmar Properties Ltd

11 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 28.4%, this is a lower level of debt than the average (64.3%)

28.4% - Fulmar Properties Ltd

64.3% - Industry AVG

FULMAR PROPERTIES LTD financials

EXPORTms excel logo

Fulmar Properties Ltd's latest turnover from March 2024 is estimated at £526.2 thousand and the company has net assets of £4.2 million. According to their latest financial statements, Fulmar Properties Ltd has 2 employees and maintains cash reserves of £10.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Turnover526,1603,410,733190,06798,433355,369161,187113,82720,630371,7874,769,9011,601,322
Other Income Or Grants
Cost Of Sales130,226859,27147,87624,58492,26843,18428,5295,225105,8671,616,291525,462
Gross Profit395,9342,551,462142,19173,848263,101118,00485,29815,405265,9193,153,6101,075,860
Admin Expenses25,312-119,780240,558149,747402,976-1,444,79131,532-493,338-96,2722,346,7611,077,429
Operating Profit370,6222,671,242-98,367-75,899-139,8751,562,79553,766508,743362,191806,849-1,569
Interest Payable174,279179,49988,02370,82548,79931,46139,22437,79630,380
Interest Receivable27429431010305198220449321
Pre-Tax Profit196,6172,491,773-186,347-146,715-188,6641,531,63814,741471,168332,260806,881-1,568
Tax-49,154-473,437-291,011-2,801-94,233-66,452-169,445
Profit After Tax147,4632,018,336-186,347-146,715-188,6641,240,62711,940376,934265,808637,436-1,568
Dividends Paid
Retained Profit147,4632,018,336-186,347-146,715-188,6641,240,62711,940376,934265,808637,436-1,568
Employee Costs64,59660,70259,08953,69054,78453,99852,35725,57278,750807,532272,516
Number Of Employees2222222133111
EBITDA*370,6222,671,242-98,367-75,899-139,8751,562,79553,766508,743362,191806,849-1,569

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Tangible Assets3,450,0003,450,0001,614,3641,593,6142,387,5941,050,6731,240,7071,804,614
Intangible Assets
Investments & Other329,001
Debtors (Due After 1 year)
Total Fixed Assets3,450,0003,450,0001,614,3641,593,6142,387,5941,050,673329,0011,240,7071,804,614
Stock & work in progress
Trade Debtors69,206538,49314,3413,0885,4671,84139,145344,348170,000
Group Debtors2,292,3082,179,0801,895,4312,018,1311,819,0992,534,0581,118,736958,181461,027
Misc Debtors13,59994,735870,11815,33971,81419,375265,9543,341
Cash10,0503781,00310,3498,75810,63470,5808,717167,20812,237594
misc current assets
total current assets2,385,1632,812,6862,780,8932,046,9071,899,6712,544,6921,214,1581,234,693670,721356,585170,594
total assets5,835,1636,262,6864,395,2573,640,5214,287,2652,544,6922,264,8311,563,6941,911,4282,161,199170,594
Bank overdraft1,599,958854,186274,702934,756
Bank loan
Trade Creditors 21,911357,18470,15721,999162,39588218,2754,032241,525,2311,550
Group/Directors Accounts36,702207,200299,150447,024173,6966,639
other short term finances78,003
hp & lease commitments
other current liabilities119,41153,917130,485253,4248,6035,89423,7176,25074,872
total current liabilities178,024618,301499,792722,4471,944,65213,415974,181284,9841,009,6521,525,2311,550
loans1,481,7891,616,4981,885,914722,176
hp & lease commitments
Accruals and Deferred Income
other liabilities170,512
provisions
total long term liabilities1,481,7891,616,4981,885,914722,176170,512
total liabilities1,659,8132,234,7992,385,7061,444,6231,944,65213,415974,181284,9841,009,6521,525,231172,062
net assets4,175,3504,027,8872,009,5512,195,8982,342,6132,531,2771,290,6501,278,710901,776635,968-1,468
total shareholders funds4,175,3504,027,8872,009,5512,195,8982,342,6132,531,2771,290,6501,278,710901,776635,968-1,468
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Operating Activities
Operating Profit370,6222,671,242-98,367-75,899-139,8751,562,79553,766508,743362,191806,849-1,569
Depreciation
Amortisation
Tax-49,154-473,437-291,011-2,801-94,233-66,452-169,445
Stock
Debtors-437,19532,418743,332145,645-643,1451,390,480-82,398722,463159,165174,348170,000
Creditors-335,273287,02748,158-140,396161,513-17,39314,2434,008-1,525,2071,523,6811,550
Accruals and Deferred Income65,494-76,568-122,939244,8212,709-17,82317,467-68,62274,872
Deferred Taxes & Provisions
Cash flow from operations488,8842,375,846-916,480-117,119667,492-153,912165,073-372,567-1,313,7611,986,737-170,019
Investing Activities
capital expenditure-1,835,636-20,750793,980-2,387,5941,050,673-1,050,6731,240,707563,907-1,804,614
Change in Investments-329,001329,001
cash flow from investments-1,835,636-20,750793,980-2,387,5941,050,673-721,672911,706563,907-1,804,614
Financing Activities
Bank loans
Group/Directors Accounts-170,498-91,950-147,874273,328167,0576,639
Other Short Term Loans -78,00378,003
Long term loans-134,709-269,4161,163,738722,176
Hire Purchase and Lease Commitments
other long term liabilities-170,512170,512
share issue100
interest-174,005-179,470-87,980-70,815-48,789-31,156-39,026-37,576-29,931321
cash flow from financing-479,212-540,836927,884924,689118,268-102,52038,977-37,576-29,931-170,480170,613
cash and cash equivalents
cash9,672-625-9,3461,591-1,876-59,94661,863-158,491154,97111,643594
overdraft-1,599,9581,599,958-854,186579,484-660,054934,756
change in cash9,672-625-9,3461,601,549-1,601,834794,240-517,621501,563-779,78511,643594

fulmar properties 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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Fulmar Properties Ltd Competitor Analysis

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Perform a competitor analysis for fulmar properties ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in M12 area or any other competitors across 12 key performance metrics.

fulmar properties ltd Ownership

FULMAR PROPERTIES LTD group structure

Fulmar Properties Ltd has no subsidiary companies.

Ultimate parent company

PARIKEET HOLDINGS (JERSEY) LTD

#0073068

1 parent

FULMAR PROPERTIES LTD

08619982

FULMAR PROPERTIES LTD Shareholders

parikeet holdings (jersey) ltd 100%

fulmar properties ltd directors

Fulmar Properties Ltd currently has 3 directors. The longest serving directors include Mrs Carol Allen (Apr 2014) and Mr Benjamin Eades (Feb 2017).

officercountryagestartendrole
Mrs Carol AllenEngland61 years Apr 2014- Director
Mr Benjamin EadesEngland43 years Feb 2017- Director
Mr William TraceyEngland41 years Oct 2022- Director

P&L

March 2024

turnover

526.2k

-85%

operating profit

370.6k

0%

gross margin

75.3%

+0.59%

turnover

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

Balance Sheet

March 2024

net assets

4.2m

+0.04%

total assets

5.8m

-0.07%

cash

10.1k

+25.59%

net assets

Total assets minus all liabilities

fulmar properties ltd company details

company number

08619982

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

July 2013

age

12

incorporated

UK

ultimate parent company

PARIKEET HOLDINGS (JERSEY) LTD

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

UPPAL & WARR

auditor

-

address

universal square, building 2, 3r, devonshire street north, manchester, M12 6JH

Bank

HABIB BANK AG ZURICH

Legal Advisor

-

fulmar properties 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 16 charges/mortgages relating to fulmar properties ltd. Currently there are 0 open charges and 16 have been satisfied in the past.

fulmar properties 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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fulmar properties ltd Companies House Filings - See Documents

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