fu3e limited
fu3e limited Company Information
Company Number
08892330
Next Accounts
64 days late
Industry
Business and domestic software development
Shareholders
gavin gleave
baronsmead second venture trust plc
View AllGroup Structure
View All
Contact
Registered Address
unit 3 maidenbower business park, three bridges, west sussex, RH10 7NN
Website
f3g.ukfu3e limited Estimated Valuation
Pomanda estimates the enterprise value of FU3E LIMITED at £1.9m based on a Turnover of £2.3m and 0.81x industry multiple (adjusted for size and gross margin).
fu3e limited Estimated Valuation
Pomanda estimates the enterprise value of FU3E LIMITED at £0 based on an EBITDA of £-11.6k and a 5.4x industry multiple (adjusted for size and gross margin).
fu3e limited Estimated Valuation
Pomanda estimates the enterprise value of FU3E LIMITED at £10.2m based on Net Assets of £4.4m and 2.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Fu3e Limited Overview
Fu3e Limited is a live company located in west sussex, RH10 7NN with a Companies House number of 08892330. It operates in the business and domestic software development sector, SIC Code 62012. Founded in February 2014, it's largest shareholder is gavin gleave with a 39.9% stake. Fu3e Limited is a established, small sized company, Pomanda has estimated its turnover at £2.3m with rapid growth in recent years.
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Fu3e Limited Health Check
Pomanda's financial health check has awarded Fu3E Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
5 Weak
Size
annual sales of £2.3m, make it smaller than the average company (£3.7m)
- Fu3e Limited
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 87%, show it is growing at a faster rate (7.7%)
- Fu3e Limited
7.7% - Industry AVG
Production
with a gross margin of 71.8%, this company has a comparable cost of product (71.8%)
- Fu3e Limited
71.8% - Industry AVG
Profitability
an operating margin of -27.2% make it less profitable than the average company (3.6%)
- Fu3e Limited
3.6% - Industry AVG
Employees
with 26 employees, this is below the industry average (34)
26 - Fu3e Limited
34 - Industry AVG
Pay Structure
on an average salary of £67.6k, the company has an equivalent pay structure (£67.6k)
- Fu3e Limited
£67.6k - Industry AVG
Efficiency
resulting in sales per employee of £89.8k, this is less efficient (£113.6k)
- Fu3e Limited
£113.6k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is near the average (60 days)
- Fu3e Limited
60 days - Industry AVG
Creditor Days
its suppliers are paid after 40 days, this is quicker than average (48 days)
- Fu3e Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fu3e Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 289 weeks, this is more cash available to meet short term requirements (19 weeks)
289 weeks - Fu3e Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.5%, this is a lower level of debt than the average (62.2%)
7.5% - Fu3e Limited
62.2% - Industry AVG
FU3E LIMITED financials
Fu3E Limited's latest turnover from December 2022 is estimated at £2.3 million and the company has net assets of £4.4 million. According to their latest financial statements, Fu3E Limited has 26 employees and maintains cash reserves of £2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 102,100 | 79,800 | 26,000 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | ||||||
| Cost Of Sales | 336,600 | 126,289 | 0 | ||||||
| Gross Profit | -234,500 | -46,489 | 26,000 | ||||||
| Admin Expenses | 125,753 | 9,296 | 1,000 | ||||||
| Operating Profit | -360,253 | -55,785 | 25,000 | ||||||
| Interest Payable | 0 | 0 | 0 | ||||||
| Interest Receivable | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | -360,253 | -55,785 | 25,000 | ||||||
| Tax | 72,028 | 5,000 | -5,000 | ||||||
| Profit After Tax | -288,225 | -50,785 | 20,000 | ||||||
| Dividends Paid | 0 | 0 | 0 | ||||||
| Retained Profit | -288,225 | -50,785 | 20,000 | ||||||
| Employee Costs | 60,081 | 0 | 0 | ||||||
| Number Of Employees | 26 | 12 | 7 | 4 | 4 | 3 | 1 | 1 | |
| EBITDA* | -359,984 | -55,686 | 25,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 15,361 | 2,547 | 0 | 361 | 722 | 169 | 437 | 198 | 0 |
| Intangible Assets | 2,374,660 | 1,648,480 | 963,001 | 673,570 | 570,263 | 327,455 | 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 | 2,390,021 | 1,651,027 | 963,001 | 673,931 | 570,985 | 327,624 | 437 | 198 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 365,437 | 168,119 | 0 | 0 | 0 | 4,870 | 30,720 | 3,000 | 0 |
| Group Debtors | 0 | 52,000 | 106,478 | 0 | 39,817 | 81,128 | 152,081 | 57,053 | 100 |
| Misc Debtors | 28,947 | 58,825 | 27,997 | 4,758 | 0 | 17,345 | 28,023 | 12,076 | 26,000 |
| Cash | 1,975,035 | 62,347 | 2,453 | 5,412 | 416 | 4,834 | 10,657 | 3,015 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,369,419 | 341,291 | 136,928 | 10,170 | 40,233 | 108,177 | 221,481 | 75,144 | 26,100 |
| total assets | 4,759,440 | 1,992,318 | 1,099,929 | 684,101 | 611,218 | 435,801 | 221,918 | 75,342 | 26,100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 72,467 | 4,526 | 46,929 | 1,416 | 11,352 | 33,477 | 40,809 | 19,332 | 0 |
| Group/Directors Accounts | 0 | 140,000 | 1,379,556 | 632,949 | 479,586 | 854,958 | 486,843 | 75,900 | 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 | 282,041 | 233,170 | 132,901 | 26,691 | 33,527 | 32,268 | 13,176 | 10,795 | 6,000 |
| total current liabilities | 354,508 | 377,696 | 1,559,386 | 661,056 | 524,465 | 920,703 | 540,828 | 106,027 | 6,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 354,508 | 377,696 | 1,559,386 | 661,056 | 524,465 | 920,703 | 540,828 | 106,027 | 6,000 |
| net assets | 4,404,932 | 1,614,622 | -459,457 | 23,045 | 86,753 | -484,902 | -318,910 | -30,685 | 20,100 |
| total shareholders funds | 4,404,932 | 1,614,622 | -459,457 | 23,045 | 86,753 | -484,902 | -318,910 | -30,685 | 20,100 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -360,253 | -55,785 | 25,000 | ||||||
| Depreciation | 8,222 | 1,273 | 361 | 361 | 530 | 268 | 269 | 99 | 0 |
| Amortisation | 615,893 | 374,116 | 212,553 | 138,204 | 0 | 0 | 0 | 0 | 0 |
| Tax | 72,028 | 5,000 | -5,000 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 115,440 | 144,469 | 129,717 | -35,059 | -63,526 | -107,481 | 138,695 | 46,029 | 26,100 |
| Creditors | 67,941 | -42,403 | 45,513 | -9,936 | -22,125 | -7,332 | 21,477 | 19,332 | 0 |
| Accruals and Deferred Income | 48,871 | 100,269 | 106,210 | -6,836 | 1,259 | 19,092 | 2,381 | 4,795 | 6,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -402,793 | -72,588 | -100 | ||||||
| Investing Activities | |||||||||
| capital expenditure | -297 | -100 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -297 | -100 | |||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -140,000 | -1,239,556 | 746,607 | 153,363 | -375,372 | 368,115 | 410,943 | 75,900 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 0 | ||||||
| cash flow from financing | 410,943 | 75,900 | 100 | ||||||
| cash and cash equivalents | |||||||||
| cash | 1,912,688 | 59,894 | -2,959 | 4,996 | -4,418 | -5,823 | 7,642 | 3,015 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,912,688 | 59,894 | -2,959 | 4,996 | -4,418 | -5,823 | 7,642 | 3,015 | 0 |
fu3e limited Credit Report and Business Information
Fu3e Limited Competitor Analysis
Perform a competitor analysis for fu3e limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in RH10 area or any other competitors across 12 key performance metrics.
fu3e limited Ownership
FU3E LIMITED group structure
Fu3E Limited has no subsidiary companies.
Ultimate parent company
FRONT 3 (GROUP) LTD
#0075439
1 parent
FU3E LIMITED
08892330
fu3e limited directors
Fu3E Limited currently has 5 directors. The longest serving directors include Mr Gavin Gleave (Feb 2014) and Mr Timothy Maton (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin Gleave | 57 years | Feb 2014 | - | Director | |
| Mr Timothy Maton | England | 60 years | Dec 2019 | - | Director |
| Mr James Hendry | England | 33 years | Jun 2022 | - | Director |
| Mr Robert Henderson | England | 52 years | Jun 2022 | - | Director |
| Mr Kevin Taylor | England | 63 years | Jul 2022 | - | Director |
P&L
December 2022turnover
2.3m
+122%
operating profit
-635.7k
0%
gross margin
71.9%
-1.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.4m
+1.73%
total assets
4.8m
+1.39%
cash
2m
+30.68%
net assets
Total assets minus all liabilities
fu3e limited company details
company number
08892330
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
February 2014
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
f3systems limited (May 2022)
myiws limited (September 2015)
accountant
KINGSWOOD LLP
auditor
-
address
unit 3 maidenbower business park, three bridges, west sussex, RH10 7NN
Bank
-
Legal Advisor
-
fu3e 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 found 2 charges/mortgages relating to fu3e limited. Currently there are 1 open charges and 1 have been satisfied in the past.
fu3e limited Companies House Filings - See Documents
| date | description | view/download |
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