andretti formula e limited
andretti formula e limited Company Information
Company Number
09243026
Next Accounts
Jun 2025
Industry
Technical testing and analysis
Other sports activities (not including activities of racehorse owners) n.e.c.
Shareholders
michael andretti
andretti holdings ltd
Group Structure
View All
Contact
Registered Address
unit 1 mead court thorpe mead, thorpe way industrial estate, banbury, OX16 4RZ
Website
-andretti formula e limited Estimated Valuation
Pomanda estimates the enterprise value of ANDRETTI FORMULA E LIMITED at £9.2m based on a Turnover of £9m and 1.02x industry multiple (adjusted for size and gross margin).
andretti formula e limited Estimated Valuation
Pomanda estimates the enterprise value of ANDRETTI FORMULA E LIMITED at £0 based on an EBITDA of £-7.7m and a 5.88x industry multiple (adjusted for size and gross margin).
andretti formula e limited Estimated Valuation
Pomanda estimates the enterprise value of ANDRETTI FORMULA E LIMITED at £0 based on Net Assets of £-8m and 2.47x industry multiple (adjusted for liquidity).
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Andretti Formula E Limited Overview
Andretti Formula E Limited is a live company located in banbury, OX16 4RZ with a Companies House number of 09243026. It operates in the other engineering activities sector, SIC Code 71129. Founded in October 2014, it's largest shareholder is michael andretti with a 52% stake. Andretti Formula E Limited is a established, mid sized company, Pomanda has estimated its turnover at £9m with healthy growth in recent years.
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Andretti Formula E Limited Health Check
Pomanda's financial health check has awarded Andretti Formula E Limited a 3.5 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
3 Regular
4 Weak
Size
annual sales of £9m, make it larger than the average company (£3m)
- Andretti Formula E Limited
£3m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (5.4%)
- Andretti Formula E Limited
5.4% - Industry AVG
Production
with a gross margin of 40.6%, this company has a comparable cost of product (40.6%)
- Andretti Formula E Limited
40.6% - Industry AVG
Profitability
an operating margin of -87.5% make it less profitable than the average company (4.5%)
- Andretti Formula E Limited
4.5% - Industry AVG
Employees
with 10 employees, this is below the industry average (23)
10 - Andretti Formula E Limited
23 - Industry AVG
Pay Structure
on an average salary of £42k, the company has an equivalent pay structure (£42k)
- Andretti Formula E Limited
£42k - Industry AVG
Efficiency
resulting in sales per employee of £901.6k, this is more efficient (£98.1k)
- Andretti Formula E Limited
£98.1k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (47 days)
- Andretti Formula E Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 287 days, this is slower than average (30 days)
- Andretti Formula E Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Andretti Formula E Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (33 weeks)
0 weeks - Andretti Formula E Limited
33 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 328.4%, this is a higher level of debt than the average (52.1%)
328.4% - Andretti Formula E Limited
52.1% - Industry AVG
ANDRETTI FORMULA E LIMITED financials
Andretti Formula E Limited's latest turnover from September 2023 is estimated at £9 million and the company has net assets of -£8 million. According to their latest financial statements, Andretti Formula E Limited has 10 employees and maintains cash reserves of £143.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 7,870,156 | 7,567,734 | 6,871,278 | ||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 475,192 | 3,731,772 | 902,711 | ||||||
| Interest Payable | 0 | 0 | 4,056 | ||||||
| Interest Receivable | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | 475,192 | 3,731,772 | 898,655 | ||||||
| Tax | -91,384 | -606,875 | 0 | ||||||
| Profit After Tax | 383,808 | 3,124,897 | 898,655 | ||||||
| Dividends Paid | 0 | 0 | 0 | ||||||
| Retained Profit | 383,808 | 3,124,897 | 898,655 | ||||||
| Employee Costs | |||||||||
| Number Of Employees | 10 | 6 | 1 | ||||||
| EBITDA* | 475,192 | 3,731,772 | 902,711 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,086,181 | 896,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 23,446 | 47,632 | 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 | 1,109,627 | 944,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 239,574 | 765,009 | 71,954 | 5,200 | 340,566 | 57,358 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,994,297 | 1,402,766 | 55,836 | 62,287 | 0 | 0 | 0 | 0 | 0 |
| Cash | 143,144 | 35,116 | 3,910,671 | 4,197,848 | 394,934 | 153,321 | 50,273 | 100 | 0 |
| misc current assets | 0 | 8,809 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,377,015 | 2,211,700 | 4,038,461 | 4,265,335 | 735,500 | 210,679 | 50,273 | 100 | 0 |
| total assets | 3,486,642 | 3,155,700 | 4,038,461 | 4,265,335 | 735,500 | 210,679 | 50,273 | 100 | 0 |
| Bank overdraft | 0 | 2,394,291 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,216,409 | 0 | 1,152,792 | 241,609 | 1,441,042 | 1,572,449 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,634,548 | 105,000 | 0 | 0 | 0 | 242,428 | 16,728 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,598,214 | 273,051 | 123,534 | 1,645,399 | 41,028 | 41,027 | 41,027 | 0 | 0 |
| total current liabilities | 11,449,171 | 2,772,342 | 1,276,326 | 1,887,008 | 1,482,070 | 1,855,904 | 57,755 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,449,171 | 2,772,342 | 1,276,326 | 1,887,008 | 1,482,070 | 1,855,904 | 57,755 | 0 | 0 |
| net assets | -7,962,529 | 383,358 | 2,762,135 | 2,378,327 | -746,570 | -1,645,225 | -7,482 | 100 | 0 |
| total shareholders funds | -7,962,529 | 383,358 | 2,762,135 | 2,378,327 | -746,570 | -1,645,225 | -7,482 | 100 | 0 |
| Sep 2023 | Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 475,192 | 3,731,772 | 902,711 | ||||||
| Depreciation | 181,033 | 61,603 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | -91,384 | -606,875 | 0 | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 66,096 | 2,039,985 | 60,303 | -273,079 | 283,208 | 57,358 | 0 | 0 | 0 |
| Creditors | 4,216,409 | -1,152,792 | 911,183 | -1,199,433 | -131,407 | 1,572,449 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,325,163 | 149,517 | -1,521,865 | 1,604,371 | 1 | 0 | 41,027 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -287,177 | 3,802,914 | 488,097 | ||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 5,529,548 | 105,000 | 0 | 0 | -242,428 | 225,700 | 16,728 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | -4,056 | ||||||
| cash flow from financing | 0 | 0 | -246,484 | ||||||
| cash and cash equivalents | |||||||||
| cash | 108,028 | -3,875,555 | -287,177 | 3,802,914 | 241,613 | 103,048 | 50,173 | 100 | 0 |
| overdraft | -2,394,291 | 2,394,291 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,502,319 | -6,269,846 | -287,177 | 3,802,914 | 241,613 | 103,048 | 50,173 | 100 | 0 |
andretti formula e limited Credit Report and Business Information
Andretti Formula E Limited Competitor Analysis
Perform a competitor analysis for andretti formula e limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in OX16 area or any other competitors across 12 key performance metrics.
andretti formula e limited Ownership
ANDRETTI FORMULA E LIMITED group structure
Andretti Formula E Limited has no subsidiary companies.
Ultimate parent company
ANDRETTI FORMULA E LIMITED
09243026
andretti formula e limited directors
Andretti Formula E Limited currently has 2 directors. The longest serving directors include Jean Thormann (Oct 2014) and Mr Daniel Towriss (Mar 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jean Thormann | United States | 69 years | Oct 2014 | - | Director |
| Mr Daniel Towriss | England | 52 years | Mar 2024 | - | Director |
P&L
September 2023turnover
9m
+139%
operating profit
-7.9m
0%
gross margin
40.6%
-4.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-8m
-21.77%
total assets
3.5m
+0.1%
cash
143.1k
+3.08%
net assets
Total assets minus all liabilities
andretti formula e limited company details
company number
09243026
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
71200 - Technical testing and analysis
93199 - Other sports activities (not including activities of racehorse owners) n.e.c.
incorporation date
October 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
unit 1 mead court thorpe mead, thorpe way industrial estate, banbury, OX16 4RZ
Bank
-
Legal Advisor
-
andretti formula e 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 andretti formula e limited.
andretti formula e 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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andretti formula e limited Companies House Filings - See Documents
| date | description | view/download |
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