the futurelets limited
the futurelets limited Company Information
Company Number
09136328
Next Accounts
Apr 2025
Shareholders
coventry university higher education corporation
Group Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
coventry university, priory street, coventry, CV1 5FB
Website
http://futurelets.co.ukthe futurelets limited Estimated Valuation
Pomanda estimates the enterprise value of THE FUTURELETS LIMITED at £611.3k based on a Turnover of £3.2m and 0.19x industry multiple (adjusted for size and gross margin).
the futurelets limited Estimated Valuation
Pomanda estimates the enterprise value of THE FUTURELETS LIMITED at £0 based on an EBITDA of £-602k and a 1.15x industry multiple (adjusted for size and gross margin).
the futurelets limited Estimated Valuation
Pomanda estimates the enterprise value of THE FUTURELETS LIMITED at £1.3m based on Net Assets of £527k and 2.41x industry multiple (adjusted for liquidity).
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The Futurelets Limited Overview
The Futurelets Limited is a live company located in coventry, CV1 5FB with a Companies House number of 09136328. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in July 2014, it's largest shareholder is coventry university higher education corporation with a 100% stake. The Futurelets Limited is a established, small sized company, Pomanda has estimated its turnover at £3.2m with declining growth in recent years.
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The Futurelets Limited Health Check
Pomanda's financial health check has awarded The Futurelets Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £3.2m, make it larger than the average company (£907.6k)
£3.2m - The Futurelets Limited
£907.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (6%)
-16% - The Futurelets Limited
6% - Industry AVG
Production
with a gross margin of -18.7%, this company has a higher cost of product (41.1%)
-18.7% - The Futurelets Limited
41.1% - Industry AVG
Profitability
an operating margin of -19.2% make it less profitable than the average company (6.4%)
-19.2% - The Futurelets Limited
6.4% - Industry AVG
Employees
with 35 employees, this is above the industry average (14)
35 - The Futurelets Limited
14 - Industry AVG
Pay Structure
on an average salary of £37.9k, the company has a higher pay structure (£30.7k)
£37.9k - The Futurelets Limited
£30.7k - Industry AVG
Efficiency
resulting in sales per employee of £90.8k, this is equally as efficient (£87.8k)
£90.8k - The Futurelets Limited
£87.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (30 days)
2 days - The Futurelets Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (39 days)
1 days - The Futurelets Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Futurelets Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 30 weeks, this is less cash available to meet short term requirements (45 weeks)
30 weeks - The Futurelets Limited
45 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.5%, this is a higher level of debt than the average (45.2%)
68.5% - The Futurelets Limited
45.2% - Industry AVG
THE FUTURELETS LIMITED financials
The Futurelets Limited's latest turnover from July 2023 is £3.2 million and the company has net assets of £527 thousand. According to their latest financial statements, The Futurelets Limited has 35 employees and maintains cash reserves of £674 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,177,000 | 3,731,000 | 5,179,000 | 5,411,000 | 6,309,000 | 3,876,000 | 2,725,000 | 1,618,000 | 118,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,771,000 | 3,674,000 | 4,223,000 | 4,113,000 | 3,984,000 | 2,478,000 | 2,261,000 | 1,316,000 | 115,000 |
| Gross Profit | -594,000 | 57,000 | 956,000 | 1,298,000 | 2,325,000 | 1,398,000 | 464,000 | 302,000 | 3,000 |
| Admin Expenses | 16,000 | 22,000 | 940,000 | 1,008,000 | 1,892,000 | 1,067,000 | 550,000 | 497,000 | 12,000 |
| Operating Profit | -610,000 | 35,000 | 16,000 | 290,000 | 433,000 | 331,000 | -86,000 | -195,000 | -9,000 |
| Interest Payable | 0 | 19,000 | 21,000 | 21,000 | 19,000 | 16,000 | 15,000 | 4,000 | 0 |
| Interest Receivable | 22,000 | 5,000 | 1,000 | 8,000 | 1,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -588,000 | 21,000 | -4,000 | 277,000 | 415,000 | 315,000 | -101,000 | -199,000 | -9,000 |
| Tax | 147,000 | 0 | 59,000 | -244,000 | 12,000 | -88,000 | 38,000 | 190,000 | 0 |
| Profit After Tax | -441,000 | 21,000 | 55,000 | 33,000 | 427,000 | 227,000 | -63,000 | -9,000 | -9,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -441,000 | 21,000 | 55,000 | 33,000 | 427,000 | 227,000 | -63,000 | -9,000 | -9,000 |
| Employee Costs | 1,325,000 | 1,542,000 | 2,414,000 | 2,407,000 | 2,402,000 | 1,831,000 | 1,658,000 | 1,404,000 | 83,000 |
| Number Of Employees | 35 | 70 | 74 | 74 | 74 | 53 | 48 | 64 | |
| EBITDA* | -602,000 | 44,000 | 25,000 | 298,000 | 437,000 | 331,000 | -86,000 | -195,000 | -9,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,000 | 13,000 | 22,000 | 31,000 | 39,000 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 5,000 | 13,000 | 22,000 | 31,000 | 39,000 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 22,000 | 23,000 | 8,000 | 12,000 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 676,000 | 217,000 | 1,616,000 | 864,000 | 391,000 | 1,000 | 153,000 | 46,000 | 8,000 |
| Misc Debtors | 297,000 | 247,000 | 558,000 | 587,000 | 556,000 | 302,000 | 345,000 | 174,000 | 0 |
| Cash | 674,000 | 1,740,000 | 359,000 | 854,000 | 1,706,000 | 1,310,000 | 492,000 | 540,000 | 130,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,669,000 | 2,227,000 | 2,541,000 | 2,317,000 | 2,653,000 | 1,613,000 | 990,000 | 760,000 | 138,000 |
| total assets | 1,674,000 | 2,240,000 | 2,563,000 | 2,348,000 | 2,692,000 | 1,613,000 | 990,000 | 760,000 | 138,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 19,000 | 12,000 | 57,000 | 1,000 | 23,000 | 15,000 | 3,000 | 1,000 | 12,000 |
| Group/Directors Accounts | 570,000 | 327,000 | 147,000 | 171,000 | 358,000 | 360,000 | 119,000 | 334,000 | 45,000 |
| 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 | 558,000 | 734,000 | 370,000 | 476,000 | 809,000 | 680,000 | 612,000 | 322,000 | 90,000 |
| total current liabilities | 1,147,000 | 1,073,000 | 574,000 | 648,000 | 1,190,000 | 1,055,000 | 734,000 | 657,000 | 147,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 259,000 | 285,000 | 310,000 | 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 | 1,381,000 | 1,494,000 | 1,083,000 | 780,000 | 696,000 | 660,000 | 130,000 |
| total long term liabilities | 0 | 0 | 1,640,000 | 1,779,000 | 1,393,000 | 780,000 | 696,000 | 660,000 | 130,000 |
| total liabilities | 1,147,000 | 1,073,000 | 2,214,000 | 2,427,000 | 2,583,000 | 1,835,000 | 1,430,000 | 1,317,000 | 277,000 |
| net assets | 527,000 | 1,167,000 | 349,000 | -79,000 | 109,000 | -222,000 | -440,000 | -557,000 | -139,000 |
| total shareholders funds | 527,000 | 1,167,000 | 349,000 | -79,000 | 109,000 | -222,000 | -440,000 | -557,000 | -139,000 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -610,000 | 35,000 | 16,000 | 290,000 | 433,000 | 331,000 | -86,000 | -195,000 | -9,000 |
| Depreciation | 8,000 | 9,000 | 9,000 | 8,000 | 4,000 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 147,000 | 0 | 59,000 | -244,000 | 12,000 | -88,000 | 38,000 | 190,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 508,000 | -1,695,000 | 719,000 | 516,000 | 644,000 | -195,000 | 278,000 | 212,000 | 8,000 |
| Creditors | 7,000 | -45,000 | 56,000 | -22,000 | 8,000 | 12,000 | 2,000 | -11,000 | 12,000 |
| Accruals and Deferred Income | -176,000 | 364,000 | -106,000 | -333,000 | 129,000 | 68,000 | 290,000 | 232,000 | 90,000 |
| Deferred Taxes & Provisions | 0 | -1,381,000 | -113,000 | 411,000 | 303,000 | 84,000 | 36,000 | 530,000 | 130,000 |
| Cash flow from operations | -1,132,000 | 677,000 | -798,000 | -406,000 | 245,000 | 2,000 | 534,000 | 215,000 | |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 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 |
| Group/Directors Accounts | 243,000 | 180,000 | -24,000 | -187,000 | -2,000 | 241,000 | -215,000 | 289,000 | 45,000 |
| 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 | -259,000 | -26,000 | -25,000 | 310,000 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 22,000 | -14,000 | -20,000 | -13,000 | -18,000 | -16,000 | -15,000 | -4,000 | 0 |
| cash flow from financing | 66,000 | 704,000 | 303,000 | -446,000 | 194,000 | 216,000 | -50,000 | -124,000 | -85,000 |
| cash and cash equivalents | |||||||||
| cash | -1,066,000 | 1,381,000 | -495,000 | -852,000 | 396,000 | 818,000 | -48,000 | 410,000 | 130,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,066,000 | 1,381,000 | -495,000 | -852,000 | 396,000 | 818,000 | -48,000 | 410,000 | 130,000 |
the futurelets limited Credit Report and Business Information
The Futurelets Limited Competitor Analysis
Perform a competitor analysis for the futurelets limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in CV1 area or any other competitors across 12 key performance metrics.
the futurelets limited Ownership
THE FUTURELETS LIMITED group structure
The Futurelets Limited has no subsidiary companies.
Ultimate parent company
COVENTRY UNIVERSITY HIGHER EDUCATION COR
#0104659
1 parent
THE FUTURELETS LIMITED
09136328
the futurelets limited directors
The Futurelets Limited currently has 5 directors. The longest serving directors include Mr Richard Wells (Aug 2022) and Mr John Dishman (Aug 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Wells | England | 54 years | Aug 2022 | - | Director |
| Mr John Dishman | England | 65 years | Aug 2022 | - | Director |
| Mr Mark Cammies | England | 62 years | Sep 2022 | - | Director |
| Mr Gary Armstrong | England | 61 years | Jun 2024 | - | Director |
| Ms Joanne Dobson | England | 53 years | Jun 2024 | - | Director |
P&L
July 2023turnover
3.2m
-15%
operating profit
-610k
-1843%
gross margin
-18.6%
-1323.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
527k
-0.55%
total assets
1.7m
-0.25%
cash
674k
-0.61%
net assets
Total assets minus all liabilities
the futurelets limited company details
company number
09136328
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
July 2014
age
11
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
BDO LLP
address
coventry university, priory street, coventry, CV1 5FB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
the futurelets 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 the futurelets limited.
the futurelets limited 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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the futurelets limited Companies House Filings - See Documents
| date | description | view/download |
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