fastrack drylining ltd
fastrack drylining ltd Company Information
Company Number
09085555
Next Accounts
62 days late
Directors
Shareholders
ashley king
ardian plaku
Group Structure
View All
Industry
Plastering
Registered Address
tong hall tong lane, bradford, west yorkshire, BD4 0RR
fastrack drylining ltd Estimated Valuation
Pomanda estimates the enterprise value of FASTRACK DRYLINING LTD at £1.9m based on a Turnover of £3.8m and 0.49x industry multiple (adjusted for size and gross margin).
fastrack drylining ltd Estimated Valuation
Pomanda estimates the enterprise value of FASTRACK DRYLINING LTD at £417k based on an EBITDA of £89.4k and a 4.67x industry multiple (adjusted for size and gross margin).
fastrack drylining ltd Estimated Valuation
Pomanda estimates the enterprise value of FASTRACK DRYLINING LTD at £229k based on Net Assets of £94.6k and 2.42x industry multiple (adjusted for liquidity).
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Fastrack Drylining Ltd Overview
Fastrack Drylining Ltd is a live company located in west yorkshire, BD4 0RR with a Companies House number of 09085555. It operates in the plastering sector, SIC Code 43310. Founded in June 2014, it's largest shareholder is ashley king with a 50% stake. Fastrack Drylining Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.
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Fastrack Drylining Ltd Health Check
Pomanda's financial health check has awarded Fastrack Drylining Ltd a 4 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
5 Strong
3 Regular
4 Weak
Size
annual sales of £3.8m, make it larger than the average company (£194k)
- Fastrack Drylining Ltd
£194k - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (6%)
- Fastrack Drylining Ltd
6% - Industry AVG
Production
with a gross margin of 27.9%, this company has a comparable cost of product (27.9%)
- Fastrack Drylining Ltd
27.9% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (9.4%)
- Fastrack Drylining Ltd
9.4% - Industry AVG
Employees
with 3 employees, this is above the industry average (2)
3 - Fastrack Drylining Ltd
2 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£28k)
- Fastrack Drylining Ltd
£28k - Industry AVG
Efficiency
resulting in sales per employee of £1.3m, this is more efficient (£146.2k)
- Fastrack Drylining Ltd
£146.2k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (37 days)
- Fastrack Drylining Ltd
37 days - Industry AVG
Creditor Days
its suppliers are paid after 98 days, this is slower than average (41 days)
- Fastrack Drylining Ltd
41 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (21 days)
- Fastrack Drylining Ltd
21 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (21 weeks)
6 weeks - Fastrack Drylining Ltd
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89.9%, this is a higher level of debt than the average (56.6%)
89.9% - Fastrack Drylining Ltd
56.6% - Industry AVG
FASTRACK DRYLINING LTD financials
Fastrack Drylining Ltd's latest turnover from March 2023 is estimated at £3.8 million and the company has net assets of £94.6 thousand. According to their latest financial statements, Fastrack Drylining Ltd has 3 employees and maintains cash reserves of £98.4 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 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,564 | 8,546 | 10,682 | 10,034 | 9,919 | 6,749 | 4,326 | 2,565 | 3,206 |
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 9,564 | 8,546 | 10,682 | 10,034 | 9,919 | 6,749 | 4,326 | 2,565 | 3,206 |
| Stock & work in progress | 80,000 | 70,000 | 178,802 | 248,358 | |||||
| Trade Debtors | 529,261 | 446,758 | 319,880 | 684,016 | 1,049,161 | 750,394 | 11,500 | 4,113 | |
| Group Debtors | |||||||||
| Misc Debtors | 39,500 | 39,500 | 37,786 | 12,754 | |||||
| Cash | 98,359 | 54,182 | 656,471 | 84,698 | 232,335 | 36,599 | |||
| misc current assets | 174,850 | 57,394 | |||||||
| total current assets | 921,970 | 628,334 | 976,351 | 723,516 | 1,049,161 | 1,013,894 | 518,479 | 60,853 | 4,113 |
| total assets | 931,534 | 636,880 | 987,033 | 733,550 | 1,059,080 | 1,020,643 | 522,805 | 63,418 | 7,319 |
| Bank overdraft | 13,733 | ||||||||
| Bank loan | |||||||||
| Trade Creditors | 746,114 | 427,720 | 363,859 | 234,154 | 833,815 | 478,522 | 379,810 | 5,092 | |
| Group/Directors Accounts | 25,000 | 50,000 | 55 | ||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 57,593 | 116,110 | 158,271 | 201,627 | 282,916 | 83,481 | 58,835 | ||
| total current liabilities | 803,707 | 568,830 | 522,130 | 499,514 | 833,815 | 761,493 | 463,291 | 58,835 | 5,092 |
| loans | 33,236 | 43,374 | 50,000 | ||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | |||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 33,236 | 43,374 | 50,000 | ||||||
| total liabilities | 836,943 | 612,204 | 572,130 | 499,514 | 833,815 | 761,493 | 463,291 | 58,835 | 5,092 |
| net assets | 94,591 | 24,676 | 414,903 | 234,036 | 225,265 | 259,150 | 59,514 | 4,583 | 2,227 |
| total shareholders funds | 94,591 | 24,676 | 414,903 | 234,036 | 225,265 | 259,150 | 59,514 | 4,583 | 2,227 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Jun 2017 | Jun 2016 | Jun 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 2,391 | 2,136 | 2,671 | 2,508 | 2,480 | 1,023 | 1,081 | 641 | 802 |
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | 10,000 | 70,000 | -178,802 | -69,556 | 248,358 | ||||
| Debtors | 122,003 | 126,878 | -403,636 | -325,645 | 298,767 | 712,608 | 13,532 | 20,141 | 4,113 |
| Creditors | 318,394 | 63,861 | 129,705 | -599,661 | 355,293 | 98,712 | 379,810 | -5,092 | 5,092 |
| Accruals and Deferred Income | -58,517 | -42,161 | -43,356 | 201,627 | -282,916 | 199,435 | 24,646 | 58,835 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -25,000 | 25,000 | -50,000 | 50,000 | -55 | 55 | |||
| Other Short Term Loans | |||||||||
| Long term loans | -10,138 | -6,626 | 50,000 | ||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 44,177 | -602,289 | 656,471 | -84,698 | -147,637 | 195,736 | 36,599 | ||
| overdraft | -13,733 | 13,733 | |||||||
| change in cash | 44,177 | -602,289 | 670,204 | -13,733 | -84,698 | -147,637 | 195,736 | 36,599 |
fastrack drylining ltd Credit Report and Business Information
Fastrack Drylining Ltd Competitor Analysis
Perform a competitor analysis for fastrack drylining ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in BD4 area or any other competitors across 12 key performance metrics.
fastrack drylining ltd Ownership
FASTRACK DRYLINING LTD group structure
Fastrack Drylining Ltd has no subsidiary companies.
Ultimate parent company
FASTRACK DRYLINING LTD
09085555
fastrack drylining ltd directors
Fastrack Drylining Ltd currently has 1 director, Mr Ardian Plaku serving since Dec 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ardian Plaku | 55 years | Dec 2016 | - | Director |
P&L
March 2023turnover
3.8m
+42%
operating profit
87k
0%
gross margin
27.9%
-9.97%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
94.6k
+2.83%
total assets
931.5k
+0.46%
cash
98.4k
+0.82%
net assets
Total assets minus all liabilities
fastrack drylining ltd company details
company number
09085555
Type
Private limited with Share Capital
industry
43310 - Plastering
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
ULTIMATE ACCOUNTING & TAX SOLUTIONS LTD
auditor
-
address
tong hall tong lane, bradford, west yorkshire, BD4 0RR
Bank
-
Legal Advisor
-
fastrack drylining 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 fastrack drylining ltd.
fastrack drylining 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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fastrack drylining ltd Companies House Filings - See Documents
| date | description | view/download |
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