richard faraway design ltd
richard faraway design ltd Company Information
Company Number
08989243
Next Accounts
Mar 2025
Industry
Specialised design activities
Directors
Shareholders
richard david wood faraway
Group Structure
View All
Contact
Registered Address
39 borkwood way, orpington, kent, BR6 9PB
Website
-richard faraway design ltd Estimated Valuation
Pomanda estimates the enterprise value of RICHARD FARAWAY DESIGN LTD at £15.3k based on a Turnover of £37.1k and 0.41x industry multiple (adjusted for size and gross margin).
richard faraway design ltd Estimated Valuation
Pomanda estimates the enterprise value of RICHARD FARAWAY DESIGN LTD at £0 based on an EBITDA of £-7.1k and a 3.47x industry multiple (adjusted for size and gross margin).
richard faraway design ltd Estimated Valuation
Pomanda estimates the enterprise value of RICHARD FARAWAY DESIGN LTD at £0 based on Net Assets of £-3.2k and 2.01x industry multiple (adjusted for liquidity).
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Richard Faraway Design Ltd Overview
Richard Faraway Design Ltd is a live company located in kent, BR6 9PB with a Companies House number of 08989243. It operates in the specialised design activities sector, SIC Code 74100. Founded in April 2014, it's largest shareholder is richard david wood faraway with a 100% stake. Richard Faraway Design Ltd is a established, micro sized company, Pomanda has estimated its turnover at £37.1k with declining growth in recent years.
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Richard Faraway Design Ltd Health Check
Pomanda's financial health check has awarded Richard Faraway Design Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £37.1k, make it smaller than the average company (£167.7k)
- Richard Faraway Design Ltd
£167.7k - Industry AVG
Growth
3 year (CAGR) sales growth of -25%, show it is growing at a slower rate (7.4%)
- Richard Faraway Design Ltd
7.4% - Industry AVG
Production
with a gross margin of 48.4%, this company has a comparable cost of product (48.4%)
- Richard Faraway Design Ltd
48.4% - Industry AVG
Profitability
an operating margin of -19.1% make it less profitable than the average company (8.5%)
- Richard Faraway Design Ltd
8.5% - Industry AVG
Employees
with 1 employees, this is below the industry average (2)
1 - Richard Faraway Design Ltd
2 - Industry AVG
Pay Structure
on an average salary of £28.8k, the company has an equivalent pay structure (£28.8k)
- Richard Faraway Design Ltd
£28.8k - Industry AVG
Efficiency
resulting in sales per employee of £37.1k, this is less efficient (£100.2k)
- Richard Faraway Design Ltd
£100.2k - Industry AVG
Debtor Days
it gets paid by customers after 11 days, this is earlier than average (68 days)
- Richard Faraway Design Ltd
68 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Richard Faraway Design Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Richard Faraway Design Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 37 weeks, this is more cash available to meet short term requirements (31 weeks)
37 weeks - Richard Faraway Design Ltd
31 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 124.7%, this is a higher level of debt than the average (54.6%)
124.7% - Richard Faraway Design Ltd
54.6% - Industry AVG
RICHARD FARAWAY DESIGN LTD financials
Richard Faraway Design Ltd's latest turnover from June 2023 is estimated at £37.1 thousand and the company has net assets of -£3.2 thousand. According to their latest financial statements, Richard Faraway Design Ltd has 1 employee and maintains cash reserves of £11.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | ||||||||||
| Admin Expenses | ||||||||||
| Operating Profit | ||||||||||
| Interest Payable | ||||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | ||||||||||
| Tax | ||||||||||
| Profit After Tax | ||||||||||
| Dividends Paid | ||||||||||
| Retained Profit | ||||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 524 | 1,122 | 1,720 | 2,293 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 524 | 1,122 | 1,720 | 2,293 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,199 | 8,338 | 3,118 | 0 | 0 | 2,400 | 1,425 | 1,375 | 6,490 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 366 | 575 | 144 | 0 | 0 | 0 | 0 | 0 |
| Cash | 11,657 | 31,091 | 28,252 | 25,620 | 21,005 | 34,257 | 28,202 | 21,302 | 25,596 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,856 | 39,429 | 31,736 | 26,195 | 21,149 | 36,657 | 29,627 | 22,677 | 32,086 | 0 |
| total assets | 12,856 | 39,429 | 31,736 | 26,719 | 22,271 | 38,377 | 31,920 | 22,677 | 32,086 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 1,325 | 1,325 | 9,449 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,319 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 16,032 | 36,579 | 26,434 | 21,512 | 19,251 | 26,143 | 23,086 | 17,879 | 0 | 0 |
| total current liabilities | 16,032 | 36,579 | 26,434 | 21,512 | 19,251 | 26,143 | 24,411 | 19,204 | 22,768 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 99 | 213 | 327 | 436 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 99 | 213 | 327 | 436 | 0 | 0 | 0 |
| total liabilities | 16,032 | 36,579 | 26,434 | 21,611 | 19,464 | 26,470 | 24,847 | 19,204 | 22,768 | 0 |
| net assets | -3,176 | 2,850 | 5,302 | 5,108 | 2,807 | 11,907 | 7,073 | 3,473 | 9,318 | 0 |
| total shareholders funds | -3,176 | 2,850 | 5,302 | 5,108 | 2,807 | 11,907 | 7,073 | 3,473 | 9,318 | 0 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 0 | 0 | 524 | 598 | 598 | 573 | 100 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -7,139 | 4,854 | 2,909 | 431 | -2,256 | 975 | 50 | -5,115 | 6,490 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | -1,325 | 0 | -8,124 | 9,449 | 0 |
| Accruals and Deferred Income | -20,547 | 10,145 | 4,922 | 2,261 | -6,892 | 3,057 | 5,207 | 17,879 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | -99 | -114 | -114 | -109 | 436 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -13,319 | 13,319 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | -19,434 | 2,839 | 2,632 | 4,615 | -13,252 | 6,055 | 6,900 | -4,294 | 25,596 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -19,434 | 2,839 | 2,632 | 4,615 | -13,252 | 6,055 | 6,900 | -4,294 | 25,596 | 0 |
richard faraway design ltd Credit Report and Business Information
Richard Faraway Design Ltd Competitor Analysis
Perform a competitor analysis for richard faraway design ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in BR6 area or any other competitors across 12 key performance metrics.
richard faraway design ltd Ownership
RICHARD FARAWAY DESIGN LTD group structure
Richard Faraway Design Ltd has no subsidiary companies.
Ultimate parent company
RICHARD FARAWAY DESIGN LTD
08989243
richard faraway design ltd directors
Richard Faraway Design Ltd currently has 1 director, Mr Richard Faraway serving since Apr 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Faraway | United Kingdom | 52 years | Apr 2014 | - | Director |
P&L
June 2023turnover
37.1k
-36%
operating profit
-7.1k
0%
gross margin
48.4%
-14.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-3.2k
-2.11%
total assets
12.9k
-0.67%
cash
11.7k
-0.63%
net assets
Total assets minus all liabilities
richard faraway design ltd company details
company number
08989243
Type
Private limited with Share Capital
industry
74100 - Specialised design activities
incorporation date
April 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
39 borkwood way, orpington, kent, BR6 9PB
Bank
-
Legal Advisor
-
richard faraway design 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 did not find charges/mortgages relating to richard faraway design ltd.
richard faraway design 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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richard faraway design ltd Companies House Filings - See Documents
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