faraday house functions limited
faraday house functions limited Company Information
Company Number
09100444
Website
faradayhousefunctions.co.ukRegistered Address
faraday house 4 chambers street, grantham, lincolnshire, NG31 8BL
Industry
Licensed clubs
Telephone
01476564046
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
-0%
faraday house functions limited Estimated Valuation
Pomanda estimates the enterprise value of FARADAY HOUSE FUNCTIONS LIMITED at £3.6k based on a Turnover of £5.2k and 0.7x industry multiple (adjusted for size and gross margin).
faraday house functions limited Estimated Valuation
Pomanda estimates the enterprise value of FARADAY HOUSE FUNCTIONS LIMITED at £0 based on an EBITDA of £-129 and a 3.65x industry multiple (adjusted for size and gross margin).
faraday house functions limited Estimated Valuation
Pomanda estimates the enterprise value of FARADAY HOUSE FUNCTIONS LIMITED at £8.1k based on Net Assets of £3.5k and 2.31x industry multiple (adjusted for liquidity).
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Faraday House Functions Limited Overview
Faraday House Functions Limited is a live company located in lincolnshire, NG31 8BL with a Companies House number of 09100444. It operates in the licenced clubs sector, SIC Code 56301. Founded in June 2014, it's largest shareholder is unknown. Faraday House Functions Limited is a established, micro sized company, Pomanda has estimated its turnover at £5.2k with high growth in recent years.
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Faraday House Functions Limited Health Check
Pomanda's financial health check has awarded Faraday House Functions Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £5.2k, make it smaller than the average company (£485.2k)
- Faraday House Functions Limited
£485.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (11%)
- Faraday House Functions Limited
11% - Industry AVG
Production
with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)
- Faraday House Functions Limited
56.7% - Industry AVG
Profitability
an operating margin of -2.5% make it less profitable than the average company (-1.8%)
- Faraday House Functions Limited
-1.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (18)
- Faraday House Functions Limited
18 - Industry AVG
Pay Structure
on an average salary of £15.1k, the company has an equivalent pay structure (£15.1k)
- Faraday House Functions Limited
£15.1k - Industry AVG
Efficiency
resulting in sales per employee of £5.2k, this is less efficient (£47.4k)
- Faraday House Functions Limited
£47.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Faraday House Functions Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 208 days, this is slower than average (39 days)
- Faraday House Functions Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Faraday House Functions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 131 weeks, this is more cash available to meet short term requirements (15 weeks)
131 weeks - Faraday House Functions Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39%, this is a lower level of debt than the average (79.3%)
39% - Faraday House Functions Limited
79.3% - Industry AVG
FARADAY HOUSE FUNCTIONS LIMITED financials
Faraday House Functions Limited's latest turnover from December 2023 is estimated at £5.2 thousand and the company has net assets of £3.5 thousand. According to their latest financial statements, we estimate that Faraday House Functions Limited has 1 employee and maintains cash reserves of £5.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,657 | 16,306 | ||||||||
| Other Income Or Grants | 0 | 0 | ||||||||
| Cost Of Sales | 2,317 | 13,039 | ||||||||
| Gross Profit | 340 | 3,267 | ||||||||
| Admin Expenses | 307 | 370 | ||||||||
| Operating Profit | 33 | 2,897 | ||||||||
| Interest Payable | 0 | 0 | ||||||||
| Interest Receivable | 0 | 0 | ||||||||
| Pre-Tax Profit | 33 | 2,897 | ||||||||
| Tax | 0 | 0 | ||||||||
| Profit After Tax | 33 | 2,897 | ||||||||
| Dividends Paid | 0 | 0 | ||||||||
| Retained Profit | -1,742 | -1,517 | ||||||||
| Employee Costs | ||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||
| EBITDA* | 33 | 2,897 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,502 |
| Group Debtors | 0 | 0 | 0 | 47 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 62 | 62 | 62 | 63 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 5,664 | 4,645 | 4,927 | 10 | 4,818 | 4,776 | 9,549 | 11,205 | 9,440 | 3,321 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,109 | 0 | 0 |
| total current assets | 5,726 | 4,707 | 4,989 | 120 | 4,818 | 4,776 | 9,549 | 12,314 | 9,440 | 4,823 |
| total assets | 5,726 | 4,707 | 4,989 | 120 | 4,818 | 4,776 | 9,549 | 12,314 | 9,440 | 4,823 |
| 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 | 1,284 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 4,823 |
| Group/Directors Accounts | 1 | 889 | 4,869 | 0 | 2,956 | 1,396 | 5,818 | 10,585 | 8,096 | 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 | 947 | 420 | 120 | 120 | 120 | 120 | 521 | 0 | 1,344 | 0 |
| total current liabilities | 2,232 | 1,309 | 4,989 | 120 | 3,076 | 1,517 | 6,339 | 10,585 | 9,440 | 4,823 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,232 | 1,309 | 4,989 | 120 | 3,076 | 1,517 | 6,339 | 10,585 | 9,440 | 4,823 |
| net assets | 3,494 | 3,398 | 0 | 0 | 1,742 | 3,259 | 3,210 | 1,729 | 0 | 0 |
| total shareholders funds | 3,494 | 3,398 | 0 | 0 | 1,742 | 3,259 | 3,210 | 1,729 | 0 | 0 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 33 | 2,897 | ||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | 0 | ||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | -48 | 110 | 0 | 0 | 0 | 0 | -1,502 | 1,502 |
| Creditors | 1,284 | 0 | 0 | 0 | -1 | 1 | 0 | 0 | -4,823 | 4,823 |
| Accruals and Deferred Income | 527 | 300 | 0 | 0 | 0 | -401 | 521 | -1,344 | 1,344 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -77 | 2,896 | ||||||||
| 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 | -888 | -3,980 | 4,869 | -2,956 | 1,560 | -4,422 | -4,767 | 2,489 | 8,096 | 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 | 0 | 0 | ||||||||
| cash flow from financing | -2,956 | 1,560 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 1,019 | -282 | 4,917 | -4,808 | 42 | -4,773 | -1,656 | 1,765 | 6,119 | 3,321 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,019 | -282 | 4,917 | -4,808 | 42 | -4,773 | -1,656 | 1,765 | 6,119 | 3,321 |
faraday house functions limited Credit Report and Business Information
Faraday House Functions Limited Competitor Analysis
Perform a competitor analysis for faraday house functions limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in NG31 area or any other competitors across 12 key performance metrics.
faraday house functions limited Ownership
FARADAY HOUSE FUNCTIONS LIMITED group structure
Faraday House Functions Limited has no subsidiary companies.
Ultimate parent company
FARADAY HOUSE FUNCTIONS LIMITED
09100444
faraday house functions limited directors
Faraday House Functions Limited currently has 3 directors. The longest serving directors include Mr Michael Argyle (Jun 2014) and Mr Keith Corner (Apr 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Argyle | England | 63 years | Jun 2014 | - | Director |
| Mr Keith Corner | England | 69 years | Apr 2021 | - | Director |
| Mr Andrew Watson | England | 77 years | Jul 2023 | - | Director |
P&L
December 2023turnover
5.2k
0%
operating profit
-129.7
0%
gross margin
56.7%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.5k
+0.03%
total assets
5.7k
+0.22%
cash
5.7k
+0.22%
net assets
Total assets minus all liabilities
faraday house functions limited company details
company number
09100444
Type
Private Ltd By Guarantee w/o Share Cap
industry
56301 - Licensed clubs
incorporation date
June 2014
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
DUNCAN & TOPLIS LIMITED
auditor
-
address
faraday house 4 chambers street, grantham, lincolnshire, NG31 8BL
Bank
-
Legal Advisor
-
faraday house functions 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 faraday house functions limited.
faraday house functions limited Companies House Filings - See Documents
| date | description | view/download |
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