frome solar limited
frome solar limited Company Information
Company Number
08791956
Website
-Registered Address
the shard, c/o foresight group llp, 32 lond, london, SE1 9SG
Industry
Production of electricity
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
monksham power 100%
frome solar limited Estimated Valuation
Pomanda estimates the enterprise value of FROME SOLAR LIMITED at £2.9m based on a Turnover of £2m and 1.48x industry multiple (adjusted for size and gross margin).
frome solar limited Estimated Valuation
Pomanda estimates the enterprise value of FROME SOLAR LIMITED at £7.3m based on an EBITDA of £1.7m and a 4.37x industry multiple (adjusted for size and gross margin).
frome solar limited Estimated Valuation
Pomanda estimates the enterprise value of FROME SOLAR LIMITED at £107.1k based on Net Assets of £37.2k and 2.88x industry multiple (adjusted for liquidity).
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Frome Solar Limited Overview
Frome Solar Limited is a live company located in london, SE1 9SG with a Companies House number of 08791956. It operates in the production of electricity sector, SIC Code 35110. Founded in November 2013, it's largest shareholder is monksham power with a 100% stake. Frome Solar Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.
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Frome Solar Limited Health Check
Pomanda's financial health check has awarded Frome Solar Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £2m, make it larger than the average company (£1.4m)
£2m - Frome Solar Limited
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (7.2%)
6% - Frome Solar Limited
7.2% - Industry AVG
Production
with a gross margin of 65%, this company has a comparable cost of product (69.5%)
65% - Frome Solar Limited
69.5% - Industry AVG
Profitability
an operating margin of 62.9% make it more profitable than the average company (46.9%)
62.9% - Frome Solar Limited
46.9% - Industry AVG
Employees
with 6 employees, this is above the industry average (2)
- Frome Solar Limited
2 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Frome Solar Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £330.1k, this is equally as efficient (£377.5k)
- Frome Solar Limited
£377.5k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (14 days)
0 days - Frome Solar Limited
14 days - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (22 days)
15 days - Frome Solar Limited
22 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Frome Solar Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 256 weeks, this is more cash available to meet short term requirements (10 weeks)
256 weeks - Frome Solar Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.5%, this is a higher level of debt than the average (90%)
99.5% - Frome Solar Limited
90% - Industry AVG
FROME SOLAR LIMITED financials
Frome Solar Limited's latest turnover from March 2023 is £2 million and the company has net assets of £37.2 thousand. According to their latest financial statements, we estimate that Frome Solar Limited has 6 employees and maintains cash reserves of £367.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,980,744 | 1,556,854 | 1,478,987 | 1,662,427 | 1,075,419 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 694,046 | 756,057 | 698,304 | 656,599 | |||||
| Gross Profit | 1,286,698 | 800,797 | 780,683 | 1,005,828 | |||||
| Admin Expenses | 41,830 | -300,344 | 32,079 | 31,668 | |||||
| Operating Profit | 1,244,868 | 1,101,141 | 748,604 | 974,160 | 49,766 | ||||
| Interest Payable | 595,762 | 627,588 | 499,313 | 752,814 | 437,011 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 321 | ||||
| Pre-Tax Profit | 649,106 | 473,553 | 249,291 | 221,346 | -386,924 | ||||
| Tax | 4,927 | 18,618 | -38,223 | 0 | 0 | ||||
| Profit After Tax | 654,033 | 492,171 | 211,068 | 221,346 | -386,924 | ||||
| Dividends Paid | 840,193 | 0 | 325,000 | 0 | 0 | ||||
| Retained Profit | -186,160 | 492,171 | -113,932 | 221,346 | -386,924 | ||||
| Employee Costs | 0 | 0 | 0 | ||||||
| Number Of Employees | |||||||||
| EBITDA* | 1,677,540 | 1,533,814 | 1,181,277 | 974,160 | 339,164 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,921,816 | 7,354,488 | 7,787,161 | 8,219,834 | 8,652,507 | 9,085,180 | 9,517,852 | 9,950,526 | 10,527,423 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,921,816 | 7,354,488 | 7,787,161 | 8,219,834 | 8,652,507 | 9,085,180 | 9,517,852 | 9,950,526 | 10,527,423 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,800 | 0 | 4,323 | 17,413 | 13,565 | 47,492 | 14,558 | 11,217 | 126,421 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 161,945 | 209,816 | 88,404 | 325,571 | 284,354 | 174,655 | 176,396 | 171,275 | 153,827 |
| Cash | 367,455 | 358,108 | 300,381 | 861,221 | 419,997 | 237,286 | 204,739 | 241,095 | 503,895 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 531,200 | 567,924 | 393,108 | 1,204,205 | 717,916 | 459,433 | 395,693 | 423,587 | 784,143 |
| total assets | 7,453,016 | 7,922,412 | 8,180,269 | 9,424,039 | 9,370,423 | 9,544,613 | 9,913,545 | 10,374,113 | 11,311,566 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 29,763 | 219,202 | 150,076 | 212 | 24,791 | 26,014 | 1,230 | 6,408 | 114,236 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 2,333,881 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 44,656 | 162,219 | 37,537 | 113,118 | 25,715 | 19,631 | 45,912 | 41,190 | 0 |
| total current liabilities | 74,419 | 381,421 | 187,613 | 113,330 | 50,506 | 2,379,526 | 47,142 | 47,598 | 114,236 |
| loans | 7,341,420 | 7,317,654 | 8,261,490 | 9,233,440 | 8,709,310 | 7,468,463 | 0 | 0 | 9,086,288 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 10,260,565 | 10,710,801 | 2,497,965 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 7,341,420 | 7,317,654 | 8,261,490 | 9,233,440 | 8,709,310 | 7,468,463 | 10,260,565 | 10,710,801 | 11,584,253 |
| total liabilities | 7,415,839 | 7,699,075 | 8,449,103 | 9,346,770 | 8,759,816 | 9,847,989 | 10,307,707 | 10,758,399 | 11,698,489 |
| net assets | 37,177 | 223,337 | -268,834 | 77,269 | 610,607 | -303,376 | -394,162 | -384,286 | -386,923 |
| total shareholders funds | 37,177 | 223,337 | -268,834 | 77,269 | 610,607 | -303,376 | -394,162 | -384,286 | -386,923 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Nov 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,244,868 | 1,101,141 | 748,604 | 974,160 | 49,766 | ||||
| Depreciation | 432,672 | 432,673 | 432,673 | 0 | 432,673 | 432,673 | 432,673 | 576,897 | 289,398 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 4,927 | 18,618 | -38,223 | 0 | 0 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -46,071 | 117,089 | -250,257 | 45,065 | 75,772 | 31,193 | 8,462 | 182,492 | 280,248 |
| Creditors | -189,439 | 69,126 | 149,864 | -24,579 | -1,223 | 24,784 | -5,178 | 6,408 | 114,236 |
| Accruals and Deferred Income | -117,563 | 124,682 | -75,581 | 87,403 | 6,084 | -26,281 | 4,722 | 41,190 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,421,536 | 1,629,151 | 1,467,594 | 991,919 | 173,152 | ||||
| Investing Activities | |||||||||
| capital expenditure | 0 | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | ||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -2,333,881 | 2,333,881 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 23,766 | -943,836 | -971,950 | 524,130 | 1,240,847 | 7,468,463 | 0 | 0 | 9,086,288 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -10,260,565 | -450,236 | 10,710,801 | 2,497,965 |
| share issue | |||||||||
| interest | -595,762 | -627,588 | -499,313 | -752,814 | -436,690 | ||||
| cash flow from financing | -571,996 | -1,571,424 | -1,703,434 | -983,368 | 11,147,564 | ||||
| cash and cash equivalents | |||||||||
| cash | 9,347 | 57,727 | -560,840 | 441,224 | 182,711 | 32,547 | -36,356 | 241,095 | 503,895 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 9,347 | 57,727 | -560,840 | 441,224 | 182,711 | 32,547 | -36,356 | 241,095 | 503,895 |
frome solar limited Credit Report and Business Information
Frome Solar Limited Competitor Analysis
Perform a competitor analysis for frome solar limited by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in SE1 area or any other competitors across 12 key performance metrics.
frome solar limited Ownership
FROME SOLAR LIMITED group structure
Frome Solar Limited has no subsidiary companies.
Ultimate parent company
FROME SOLAR LIMITED
08791956
frome solar limited directors
Frome Solar Limited currently has 3 directors. The longest serving directors include Mr Christopher Tanner (Jul 2015) and Mr Julian Elsworth (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Tanner | 52 years | Jul 2015 | - | Director | |
| Mr Julian Elsworth | England | 47 years | Oct 2020 | - | Director |
| Mr Moritz Ilg | England | 41 years | Aug 2022 | - | Director |
P&L
March 2023turnover
2m
+27%
operating profit
1.2m
+13%
gross margin
65%
+26.29%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
37.2k
-0.83%
total assets
7.5m
-0.06%
cash
367.5k
+0.03%
net assets
Total assets minus all liabilities
frome solar limited company details
company number
08791956
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
November 2013
age
11
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
OLD MILL AUDIT LTD
address
the shard, c/o foresight group llp, 32 lond, london, SE1 9SG
Bank
NATIONAL WESTMINSTER CURRENT
Legal Advisor
-
frome solar 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 frome solar limited.
frome solar limited Companies House Filings - See Documents
| date | description | view/download |
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