farer limited

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farer limited Company Information

Share FARER LIMITED

Company Number

09316365

Shareholders

jonathan holt

benjamin lewin

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Group Structure

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Industry

Retail sale of watches and jewellery in specialised stores

 

Registered Address

hazelwood farm bottle lane, warfield, bracknell, berkshire, RG42 5RX

Website

farer.com

farer limited Estimated Valuation

£545.7k

Pomanda estimates the enterprise value of FARER LIMITED at £545.7k based on a Turnover of £1.3m and 0.41x industry multiple (adjusted for size and gross margin).

farer limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of FARER LIMITED at £1.3m based on an EBITDA of £377.3k and a 3.37x industry multiple (adjusted for size and gross margin).

farer limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of FARER LIMITED at £5.3m based on Net Assets of £2.1m and 2.57x industry multiple (adjusted for liquidity).

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Farer Limited Overview

Farer Limited is a live company located in bracknell, RG42 5RX with a Companies House number of 09316365. It operates in the retail sale of watches and jewellery in specialised stores sector, SIC Code 47770. Founded in November 2014, it's largest shareholder is jonathan holt with a 30% stake. Farer Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with rapid growth in recent years.

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Farer Limited Health Check

Pomanda's financial health check has awarded Farer Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £1.3m, make it smaller than the average company (£14.2m)

£1.3m - Farer Limited

£14.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (14.7%)

37% - Farer Limited

14.7% - Industry AVG

production

Production

with a gross margin of 35.7%, this company has a comparable cost of product (35.7%)

35.7% - Farer Limited

35.7% - Industry AVG

profitability

Profitability

an operating margin of 26.6% make it more profitable than the average company (7.3%)

26.6% - Farer Limited

7.3% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (31)

4 - Farer Limited

31 - Industry AVG

paystructure

Pay Structure

on an average salary of £41.1k, the company has an equivalent pay structure (£41.1k)

£41.1k - Farer Limited

£41.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £332.2k, this is equally as efficient (£302k)

£332.2k - Farer Limited

£302k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 12 days, this is near the average (15 days)

12 days - Farer Limited

15 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 73 days, this is slower than average (35 days)

73 days - Farer Limited

35 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 668 days, this is more than average (187 days)

668 days - Farer Limited

187 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 105 weeks, this is more cash available to meet short term requirements (18 weeks)

105 weeks - Farer Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 19.3%, this is a lower level of debt than the average (61.1%)

19.3% - Farer Limited

61.1% - Industry AVG

FARER LIMITED financials

EXPORTms excel logo

Farer Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Farer Limited has 4 employees and maintains cash reserves of £901.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Nov 2015
Turnover1,328,8311,100,143602,034517,372535,046327,729293,591269,610225,418
Other Income Or Grants000000000
Cost Of Sales854,458721,985398,496331,557337,377192,783166,736156,153126,349
Gross Profit474,373378,158203,538185,815197,669134,947126,855113,45799,068
Admin Expenses120,367-309,443-69,916-47,7301,402-291,390-115,18862,234126,720
Operating Profit354,006687,601273,454233,545196,267426,337242,04351,223-27,652
Interest Payable21,07619,92719,73412,028032431200
Interest Receivable48,15824,571779882801923687139
Pre-Tax Profit381,088692,244254,499221,605196,547426,205241,76751,310-27,513
Tax-95,272-131,526-48,355-42,105-37,344-80,979-45,936-10,2620
Profit After Tax285,816560,718206,144179,500159,203345,226195,83141,048-27,513
Dividends Paid000000000
Retained Profit285,816560,718206,144179,500159,203345,226195,83141,048-27,513
Employee Costs164,31636,49830,37327,34726,11730,34823,45446,07848,930
Number Of Employees411111122
EBITDA*377,321702,429281,638239,047204,347433,021244,37451,410-27,652

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Nov 2015
Tangible Assets52,55436,4168,5752,5857,5416,5318,5268860
Intangible Assets000000000
Investments & Other111110000
Debtors (Due After 1 year)000000000
Total Fixed Assets52,55536,4178,5762,5867,5426,5318,5268860
Stock & work in progress1,565,1901,382,2321,150,1011,389,130990,718753,608557,677266,298122,245
Trade Debtors46,28840,38644,67223,81945,33123,70621,32613,3403,021
Group Debtors000000000
Misc Debtors8,10499,6182,6026,02259,69861,31150,17226,8730
Cash901,309933,286470,761152,35923,43251,11410014,11455,570
misc current assets000000000
total current assets2,520,8912,455,5221,668,1361,571,3301,119,179889,739629,275320,625180,836
total assets2,573,4462,491,9391,676,7121,573,9161,126,721896,270637,801321,511180,836
Bank overdraft66,97360,56554,769157,203009,61100
Bank loan000000000
Trade Creditors 171,216245,21258,34362,52962,06873,10783,38957,01978,349
Group/Directors Accounts0009,000057,000132,00000
other short term finances70,50200000000
hp & lease commitments000000000
other current liabilities133,942274,192151,78384,742220,85881,57173,435120,9570
total current liabilities442,633579,969264,895313,474282,926211,678298,435177,97678,349
loans54,840121,813182,378237,14700000
hp & lease commitments000000000
Accruals and Deferred Income000000000
other liabilities000000000
provisions000000000
total long term liabilities54,840121,813182,378237,14700000
total liabilities497,473701,782447,273550,621282,926211,678298,435177,97678,349
net assets2,075,9731,790,1571,229,4391,023,295843,795684,592339,366143,535102,487
total shareholders funds2,075,9731,790,1571,229,4391,023,295843,795684,592339,366143,535102,487
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Nov 2015
Operating Activities
Operating Profit354,006687,601273,454233,545196,267426,337242,04351,223-27,652
Depreciation23,31514,8288,1845,5028,0806,6842,3311870
Amortisation000000000
Tax-95,272-131,526-48,355-42,105-37,344-80,979-45,936-10,2620
Stock182,958232,131-239,029398,412237,110195,931291,379144,053122,245
Debtors-85,61292,73017,433-75,18820,01213,51931,28537,1923,021
Creditors-73,996186,869-4,186461-11,039-10,28226,370-21,33078,349
Accruals and Deferred Income-140,250122,40967,041-136,116139,2878,136-47,522120,9570
Deferred Taxes & Provisions000000000
Cash flow from operations-29,543555,320517,734-261,93738,129140,446-145,378-40,470-74,569
Investing Activities
capital expenditure-39,453-42,669-14,174-546-9,090-4,689-9,971-1,0730
Change in Investments000010000
cash flow from investments-39,453-42,669-14,174-546-9,091-4,689-9,971-1,0730
Financing Activities
Bank loans000000000
Group/Directors Accounts00-9,0009,000-57,000-75,000132,00000
Other Short Term Loans 70,50200000000
Long term loans-66,973-60,565-54,769237,14700000
Hire Purchase and Lease Commitments000000000
other long term liabilities000000000
share issue00000000130,000
interest27,0824,644-18,955-11,940280-132-27687139
cash flow from financing30,611-55,921-82,724234,207-56,720-75,132131,72487130,139
cash and cash equivalents
cash-31,977462,525318,402128,927-27,68251,014-14,014-41,45655,570
overdraft6,4085,796-102,434157,2030-9,6119,61100
change in cash-38,385456,729420,836-28,276-27,68260,625-23,625-41,45655,570

farer 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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Farer Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for farer limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in RG42 area or any other competitors across 12 key performance metrics.

farer limited Ownership

FARER LIMITED group structure

Farer Limited has no subsidiary companies.

Ultimate parent company

FARER LIMITED

09316365

FARER LIMITED Shareholders

jonathan holt 30%
benjamin lewin 30%
paul sweetenham 30%
stuart finlayson 6%
otherway 4%

farer limited directors

Farer Limited currently has 1 director, Mr Paul Sweetenham serving since Nov 2014.

officercountryagestartendrole
Mr Paul SweetenhamUnited Kingdom60 years Nov 2014- Director

P&L

December 2023

turnover

1.3m

+21%

operating profit

354k

0%

gross margin

35.7%

+3.85%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

2.1m

+0.16%

total assets

2.6m

+0.03%

cash

901.3k

-0.03%

net assets

Total assets minus all liabilities

farer limited company details

company number

09316365

Type

Private limited with Share Capital

industry

47770 - Retail sale of watches and jewellery in specialised stores

incorporation date

November 2014

age

11

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

hazelwood farm bottle lane, warfield, bracknell, berkshire, RG42 5RX

Bank

-

Legal Advisor

-

farer 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 farer limited.

farer 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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farer limited Companies House Filings - See Documents

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