faraday house functions limited

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faraday house functions limited Company Information

Share FARADAY HOUSE FUNCTIONS LIMITED
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EstablishedMicroHigh

Company Number

09100444

Registered Address

faraday house 4 chambers street, grantham, lincolnshire, NG31 8BL

Industry

Licensed clubs

 

Telephone

01476564046

Next Accounts Due

September 2025

Group Structure

View All

Directors

Michael Argyle10 Years

Keith Corner3 Years

View All

Shareholders

-0%

faraday house functions limited Estimated Valuation

£3.6k

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

£0

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

£8.1k

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

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £5.2k, make it smaller than the average company (£485.2k)

£5.2k - Faraday House Functions Limited

£485.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (11%)

25% - Faraday House Functions Limited

11% - Industry AVG

production

Production

with a gross margin of 56.7%, this company has a comparable cost of product (56.7%)

56.7% - Faraday House Functions Limited

56.7% - Industry AVG

profitability

Profitability

an operating margin of -2.5% make it less profitable than the average company (-1.8%)

-2.5% - Faraday House Functions Limited

-1.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (18)

1 - Faraday House Functions Limited

18 - Industry AVG

paystructure

Pay Structure

on an average salary of £15.1k, the company has an equivalent pay structure (£15.1k)

£15.1k - Faraday House Functions Limited

£15.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £5.2k, this is less efficient (£47.4k)

£5.2k - Faraday House Functions Limited

£47.4k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Faraday House Functions Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 208 days, this is slower than average (39 days)

208 days - Faraday House Functions Limited

39 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Faraday House Functions Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover5,195002,65716,30672,699103,84193,473080,765
Other Income Or Grants0000000000
Cost Of Sales2,252002,31713,03928,09440,97441,212037,109
Gross Profit2,943003403,26744,60562,86752,261043,656
Admin Expenses3,073-4,028630737044,59861,09050,1263243,664
Operating Profit-1304,028-6332,89771,7772,135-32-8
Interest Payable0000000000
Interest Receivable258168600545226328
Pre-Tax Profit1284,1950332,897601,8282,16100
Tax-32-797000-11-347-43200
Profit After Tax963,3980332,897491,4811,72900
Dividends Paid0000000000
Retained Profit963,3980-1,742-1,517491,4811,72900
Employee Costs15,0730024,71447,19544,19942,53741,492041,422
Number Of Employees1001222202
EBITDA*-1304,028-6332,89771,7772,135-32-8

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets0000000000
Intangible Assets0000000000
Investments & Other0000000000
Debtors (Due After 1 year)0000000000
Total Fixed Assets0000000000
Stock & work in progress0000000000
Trade Debtors0000000001,502
Group Debtors00047000000
Misc Debtors62626263000000
Cash5,6644,6454,927104,8184,7769,54911,2059,4403,321
misc current assets00000001,10900
total current assets5,7264,7074,9891204,8184,7769,54912,3149,4404,823
total assets5,7264,7074,9891204,8184,7769,54912,3149,4404,823
Bank overdraft0000000000
Bank loan0000000000
Trade Creditors 1,284000010004,823
Group/Directors Accounts18894,86902,9561,3965,81810,5858,0960
other short term finances0000000000
hp & lease commitments0000000000
other current liabilities94742012012012012052101,3440
total current liabilities2,2321,3094,9891203,0761,5176,33910,5859,4404,823
loans0000000000
hp & lease commitments0000000000
Accruals and Deferred Income0000000000
other liabilities0000000000
provisions0000000000
total long term liabilities0000000000
total liabilities2,2321,3094,9891203,0761,5176,33910,5859,4404,823
net assets3,4943,398001,7423,2593,2101,72900
total shareholders funds3,4943,398001,7423,2593,2101,72900
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit-1304,028-6332,89771,7772,135-32-8
Depreciation0000000000
Amortisation0000000000
Tax-32-797000-11-347-43200
Stock0000000000
Debtors00-481100000-1,5021,502
Creditors1,284000-1100-4,8234,823
Accruals and Deferred Income527300000-401521-1,3441,3440
Deferred Taxes & Provisions0000000000
Cash flow from operations1,6493,53142-772,896-4041,951359-2,0093,313
Investing Activities
capital expenditure0000000000
Change in Investments0000000000
cash flow from investments0000000000
Financing Activities
Bank loans0000000000
Group/Directors Accounts-888-3,9804,869-2,9561,560-4,422-4,7672,4898,0960
Other Short Term Loans 0000000000
Long term loans0000000000
Hire Purchase and Lease Commitments0000000000
other long term liabilities0000000000
share issue0000000000
interest258168600545226328
cash flow from financing-630-3,8124,875-2,9561,560-4,368-4,7152,5158,1288
cash and cash equivalents
cash1,019-2824,917-4,80842-4,773-1,6561,7656,1193,321
overdraft0000000000
change in cash1,019-2824,917-4,80842-4,773-1,6561,7656,1193,321

faraday house functions limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Faraday House Functions Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

--

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).

officercountryagestartendrole
Mr Michael ArgyleEngland63 years Jun 2014- Director
Mr Keith CornerEngland69 years Apr 2021- Director
Mr Andrew WatsonEngland77 years Jul 2023- Director

P&L

December 2023

turnover

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 2023

net 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

None

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.

charges

faraday house functions limited Companies House Filings - See Documents

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