the floatworks limited
the floatworks limited Company Information
Company Number
09467144
Next Accounts
Sep 2025
Shareholders
floatworks holdings limited
Group Structure
View All
Industry
Physical well-being activities
Registered Address
17b st. george wharf, london, SW8 2LE
Website
http://floatworks.comthe floatworks limited Estimated Valuation
Pomanda estimates the enterprise value of THE FLOATWORKS LIMITED at £498.2k based on a Turnover of £932.4k and 0.53x industry multiple (adjusted for size and gross margin).
the floatworks limited Estimated Valuation
Pomanda estimates the enterprise value of THE FLOATWORKS LIMITED at £0 based on an EBITDA of £-58.5k and a 3.62x industry multiple (adjusted for size and gross margin).
the floatworks limited Estimated Valuation
Pomanda estimates the enterprise value of THE FLOATWORKS LIMITED at £0 based on Net Assets of £-845.5k and 2.01x industry multiple (adjusted for liquidity).
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The Floatworks Limited Overview
The Floatworks Limited is a live company located in london, SW8 2LE with a Companies House number of 09467144. It operates in the physical well-being activities sector, SIC Code 96040. Founded in March 2015, it's largest shareholder is floatworks holdings limited with a 100% stake. The Floatworks Limited is a established, small sized company, Pomanda has estimated its turnover at £932.4k with high growth in recent years.
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The Floatworks Limited Health Check
Pomanda's financial health check has awarded The Floatworks Limited a 3 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
2 Regular
4 Weak
Size
annual sales of £932.4k, make it larger than the average company (£148.7k)
- The Floatworks Limited
£148.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.8%)
- The Floatworks Limited
8.8% - Industry AVG
Production
with a gross margin of 46.1%, this company has a higher cost of product (71.7%)
- The Floatworks Limited
71.7% - Industry AVG
Profitability
an operating margin of -6.3% make it less profitable than the average company (4%)
- The Floatworks Limited
4% - Industry AVG
Employees
with 24 employees, this is above the industry average (5)
24 - The Floatworks Limited
5 - Industry AVG
Pay Structure
on an average salary of £19.9k, the company has an equivalent pay structure (£19.9k)
- The Floatworks Limited
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £38.8k, this is equally as efficient (£45.6k)
- The Floatworks Limited
£45.6k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (18 days)
- The Floatworks Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 900 days, this is slower than average (76 days)
- The Floatworks Limited
76 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- The Floatworks Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Floatworks Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 236.5%, this is a higher level of debt than the average (25.6%)
236.5% - The Floatworks Limited
25.6% - Industry AVG
THE FLOATWORKS LIMITED financials
The Floatworks Limited's latest turnover from December 2023 is estimated at £932.4 thousand and the company has net assets of -£845.5 thousand. According to their latest financial statements, The Floatworks Limited has 24 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 24 | 23 | 25 | 23 | 21 | 16 | 14 | 14 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 368,912 | 435,777 | 500,471 | 566,383 | 604,210 | 112,727 | 37,298 | 50,023 | 13,301 |
| Intangible Assets | 7,875 | 9,375 | 10,875 | 15,000 | |||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 368,912 | 435,777 | 508,346 | 575,758 | 615,085 | 112,727 | 37,298 | 50,023 | 28,301 |
| Stock & work in progress | |||||||||
| Trade Debtors | 202,786 | 323,356 | 1,976 | 846,646 | 149,973 | 112,529 | 33,378 | ||
| Group Debtors | 2,400 | 1,200 | |||||||
| Misc Debtors | 47,656 | 50,199 | 137,124 | 227,117 | 173,388 | 55,103 | 29,635 | ||
| Cash | 254,763 | 158,749 | 161,483 | 95,821 | |||||
| misc current assets | |||||||||
| total current assets | 250,442 | 373,555 | 396,263 | 387,066 | 334,871 | 846,646 | 149,973 | 142,164 | 129,199 |
| total assets | 619,354 | 809,332 | 904,609 | 962,824 | 949,956 | 959,373 | 187,271 | 192,187 | 157,500 |
| Bank overdraft | 8,689 | 17 | |||||||
| Bank loan | 5,833 | ||||||||
| Trade Creditors | 1,238,995 | 1,261,106 | 33,924 | 80,585 | 153,407 | 115,401 | 18,503 | 1,473 | 212,580 |
| Group/Directors Accounts | 24,999 | ||||||||
| other short term finances | 24,999 | ||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 1,404,552 | 1,109,571 | 1,129,060 | 222,444 | 290,508 | ||||
| total current liabilities | 1,238,995 | 1,261,106 | 1,472,164 | 1,220,988 | 1,282,467 | 1,031,691 | 240,947 | 291,981 | 212,580 |
| loans | 29,218 | 40,000 | 41,311 | 44,167 | |||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 196,685 | 291,379 | |||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 225,903 | 331,379 | 41,311 | 44,167 | |||||
| total liabilities | 1,464,898 | 1,592,485 | 1,513,475 | 1,265,155 | 1,282,467 | 1,031,691 | 240,947 | 291,981 | 212,580 |
| net assets | -845,544 | -783,153 | -608,866 | -302,331 | -332,511 | -72,318 | -53,676 | -99,794 | -55,080 |
| total shareholders funds | -845,544 | -783,153 | -608,866 | -302,331 | -332,511 | -72,318 | -53,676 | -99,794 | -55,080 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 71,158 | 68,592 | 71,807 | 39,285 | 11,406 | 12,025 | 757 | ||
| Amortisation | 1,500 | 1,500 | 1,500 | 1,500 | |||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -123,113 | 232,055 | -86,817 | 54,929 | -673,258 | 704,482 | 7,809 | 108,786 | 33,378 |
| Creditors | -22,111 | 1,227,182 | -46,661 | -72,822 | 38,006 | 113,928 | 17,030 | -211,107 | 212,580 |
| Accruals and Deferred Income | -94,694 | -1,113,173 | 294,981 | -19,489 | 1,129,060 | -290,508 | -68,064 | 290,508 | |
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | -5,833 | 5,833 | |||||||
| Group/Directors Accounts | -24,999 | 24,999 | |||||||
| Other Short Term Loans | -24,999 | 24,999 | |||||||
| Long term loans | -10,782 | -1,311 | -2,856 | 44,167 | |||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -254,763 | 96,014 | -2,734 | 161,483 | -95,821 | 95,821 | |||
| overdraft | -8,689 | 8,689 | -17 | 17 | |||||
| change in cash | -246,074 | 87,325 | -2,734 | 161,500 | -17 | -95,821 | 95,821 |
the floatworks limited Credit Report and Business Information
The Floatworks Limited Competitor Analysis
Perform a competitor analysis for the floatworks limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in SW8 area or any other competitors across 12 key performance metrics.
the floatworks limited Ownership
THE FLOATWORKS LIMITED group structure
The Floatworks Limited has no subsidiary companies.
Ultimate parent company
THE FLOATWORKS LIMITED
09467144
the floatworks limited directors
The Floatworks Limited currently has 5 directors. The longest serving directors include Mr Edward Hawley (Mar 2015) and Mr Timothy Strudwick (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Hawley | England | 38 years | Mar 2015 | - | Director |
| Mr Timothy Strudwick | England | 61 years | Jun 2016 | - | Director |
| Mr Matthew Strudwick | England | 53 years | Jun 2016 | - | Director |
| Mr Eric Dunmore | England | 62 years | Feb 2018 | - | Director |
| Mr John Blackburn | England | 43 years | Jan 2023 | - | Director |
P&L
December 2023turnover
932.4k
-33%
operating profit
-58.5k
0%
gross margin
46.2%
+16.88%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-845.5k
+0.08%
total assets
619.4k
-0.23%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
the floatworks limited company details
company number
09467144
Type
Private limited with Share Capital
industry
96040 - Physical well-being activities
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
mantra health limited (December 2015)
accountant
BANNER & ASSOCIATES
auditor
-
address
17b st. george wharf, london, SW8 2LE
Bank
-
Legal Advisor
-
the floatworks 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 floatworks limited.
the floatworks 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 floatworks limited Companies House Filings - See Documents
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