andretti formula e limited
andretti formula e limited Company Information
Company Number
09243026
Website
-Registered Address
unit 1 mead court thorpe mead, thorpe way industrial estate, banbury, OX16 4RZ
Industry
Technical testing and analysis
Other sports activities (not including activities of racehorse owners) n.e.c.
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
michael andretti 52%
andretti holdings ltd 48%
andretti formula e limited Estimated Valuation
Pomanda estimates the enterprise value of ANDRETTI FORMULA E LIMITED at £2.7m based on a Turnover of £3.9m and 0.71x 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 £-2.3m and a 5.05x 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 £1m based on Net Assets of £383.4k and 2.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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, small sized company, Pomanda has estimated its turnover at £3.9m with declining 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 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £3.9m, make it larger than the average company (£2.3m)
- Andretti Formula E Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (2.6%)
- Andretti Formula E Limited
2.6% - Industry AVG
Production
with a gross margin of 41.7%, this company has a comparable cost of product (41.7%)
- Andretti Formula E Limited
41.7% - Industry AVG
Profitability
an operating margin of -60.2% make it less profitable than the average company (5.8%)
- Andretti Formula E Limited
5.8% - Industry AVG
Employees
with 6 employees, this is below the industry average (21)
6 - Andretti Formula E Limited
21 - Industry AVG
Pay Structure
on an average salary of £38.2k, the company has an equivalent pay structure (£38.2k)
- Andretti Formula E Limited
£38.2k - Industry AVG
Efficiency
resulting in sales per employee of £642.2k, this is more efficient (£92.8k)
- Andretti Formula E Limited
£92.8k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (45 days)
- Andretti Formula E Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Andretti Formula E Limited
- - 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 (39 weeks)
0 weeks - Andretti Formula E Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 87.9%, this is a higher level of debt than the average (51.2%)
87.9% - Andretti Formula E Limited
51.2% - Industry AVG
ANDRETTI FORMULA E LIMITED financials
Andretti Formula E Limited's latest turnover from September 2022 is estimated at £3.9 million and the company has net assets of £383.4 thousand. According to their latest financial statements, Andretti Formula E Limited has 6 employees and maintains cash reserves of £35.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 6 | 1 | ||||||
| EBITDA* | 475,192 | 3,731,772 | 902,711 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Oct 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 896,368 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 47,632 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 944,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 765,009 | 71,954 | 5,200 | 340,566 | 57,358 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,402,766 | 55,836 | 62,287 | 0 | 0 | 0 | 0 | 0 |
| Cash | 35,116 | 3,910,671 | 4,197,848 | 394,934 | 153,321 | 50,273 | 100 | 0 |
| misc current assets | 8,809 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,211,700 | 4,038,461 | 4,265,335 | 735,500 | 210,679 | 50,273 | 100 | 0 |
| total assets | 3,155,700 | 4,038,461 | 4,265,335 | 735,500 | 210,679 | 50,273 | 100 | 0 |
| Bank overdraft | 2,394,291 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 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 |
| other short term finances | 105,000 | 0 | 0 | 0 | 242,428 | 16,728 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 273,051 | 123,534 | 1,645,399 | 41,028 | 41,027 | 41,027 | 0 | 0 |
| total current liabilities | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,772,342 | 1,276,326 | 1,887,008 | 1,482,070 | 1,855,904 | 57,755 | 0 | 0 |
| net assets | 383,358 | 2,762,135 | 2,378,327 | -746,570 | -1,645,225 | -7,482 | 100 | 0 |
| total shareholders funds | 383,358 | 2,762,135 | 2,378,327 | -746,570 | -1,645,225 | -7,482 | 100 | 0 |
| 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 | 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 |
| Debtors | 2,039,985 | 60,303 | -273,079 | 283,208 | 57,358 | 0 | 0 | 0 |
| Creditors | -1,152,792 | 911,183 | -1,199,433 | -131,407 | 1,572,449 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| 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 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 105,000 | 0 | 0 | -242,428 | 225,700 | 16,728 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 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 | -3,875,555 | -287,177 | 3,802,914 | 241,613 | 103,048 | 50,173 | 100 | 0 |
| overdraft | 2,394,291 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -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 and benchmarking them against 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 3 directors. The longest serving directors include Jean Thormann (Oct 2014) and Mr Campbell Hobson (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Jean Thormann | United States | 68 years | Oct 2014 | - | Director |
| Mr Campbell Hobson | England | 45 years | Oct 2022 | - | Director |
| Mr Daniel Towriss | England | 52 years | Mar 2024 | - | Director |
P&L
September 2022turnover
3.9m
-51%
operating profit
-2.3m
0%
gross margin
41.7%
+0.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
383.4k
-0.86%
total assets
3.2m
-0.22%
cash
35.1k
-0.99%
net assets
Total assets minus all liabilities
Similar Companies
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
10
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1 mead court thorpe mead, thorpe way industrial estate, banbury, OX16 4RZ
last accounts submitted
September 2022
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 Companies House Filings - See Documents
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