ferry farm community solar project c.i.c.
ferry farm community solar project c.i.c. Company Information
Company Number
09646669
Next Accounts
Mar 2025
Shareholders
ferry farm community solar limited
Group Structure
View All
Industry
Production of electricity
Registered Address
redruth house, redruth enterprise park, scorrier, cornwall, TR16 5EZ
Website
-ferry farm community solar project c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FERRY FARM COMMUNITY SOLAR PROJECT C.I.C. at £1.6m based on a Turnover of £890.8k and 1.82x industry multiple (adjusted for size and gross margin).
ferry farm community solar project c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FERRY FARM COMMUNITY SOLAR PROJECT C.I.C. at £3.2m based on an EBITDA of £599k and a 5.32x industry multiple (adjusted for size and gross margin).
ferry farm community solar project c.i.c. Estimated Valuation
Pomanda estimates the enterprise value of FERRY FARM COMMUNITY SOLAR PROJECT C.I.C. at £0 based on Net Assets of £-1.2m and 2.75x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ferry Farm Community Solar Project C.i.c. Overview
Ferry Farm Community Solar Project C.i.c. is a live company located in scorrier, TR16 5EZ with a Companies House number of 09646669. It operates in the production of electricity sector, SIC Code 35110. Founded in June 2015, it's largest shareholder is ferry farm community solar limited with a 100% stake. Ferry Farm Community Solar Project C.i.c. is a established, small sized company, Pomanda has estimated its turnover at £890.8k with healthy growth in recent years.
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Ferry Farm Community Solar Project C.i.c. Health Check
Pomanda's financial health check has awarded Ferry Farm Community Solar Project C.I.C. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
3 Weak
Size
annual sales of £890.8k, make it smaller than the average company (£1.5m)
£890.8k - Ferry Farm Community Solar Project C.i.c.
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (8.4%)
8% - Ferry Farm Community Solar Project C.i.c.
8.4% - Industry AVG
Production
with a gross margin of 93%, this company has a lower cost of product (67.5%)
93% - Ferry Farm Community Solar Project C.i.c.
67.5% - Industry AVG
Profitability
an operating margin of 35.9% make it less profitable than the average company (48.9%)
35.9% - Ferry Farm Community Solar Project C.i.c.
48.9% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - Ferry Farm Community Solar Project C.i.c.
2 - Industry AVG
Pay Structure
on an average salary of £71.1k, the company has an equivalent pay structure (£71.1k)
- Ferry Farm Community Solar Project C.i.c.
£71.1k - Industry AVG
Efficiency
resulting in sales per employee of £445.4k, this is equally as efficient (£405.7k)
£445.4k - Ferry Farm Community Solar Project C.i.c.
£405.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ferry Farm Community Solar Project C.i.c.
- - Industry AVG
Creditor Days
its suppliers are paid after 562 days, this is slower than average (20 days)
562 days - Ferry Farm Community Solar Project C.i.c.
20 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ferry Farm Community Solar Project C.i.c.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 53 weeks, this is more cash available to meet short term requirements (13 weeks)
53 weeks - Ferry Farm Community Solar Project C.i.c.
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 128.4%, this is a higher level of debt than the average (90.6%)
128.4% - Ferry Farm Community Solar Project C.i.c.
90.6% - Industry AVG
FERRY FARM COMMUNITY SOLAR PROJECT C.I.C. financials
Ferry Farm Community Solar Project C.I.C.'s latest turnover from June 2023 is £890.8 thousand and the company has net assets of -£1.2 million. According to their latest financial statements, Ferry Farm Community Solar Project C.I.C. has 2 employees and maintains cash reserves of £477.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 890,835 | 768,582 | 706,273 | 705,539 | 726,382 | |||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 62,378 | 32,912 | 41,638 | 60,153 | 42,537 | |||
| Gross Profit | 828,457 | 735,670 | 664,635 | 645,386 | 683,845 | |||
| Admin Expenses | 508,427 | 465,364 | 499,558 | 786,479 | 420,672 | |||
| Operating Profit | 320,030 | 270,306 | 165,077 | -141,093 | 263,173 | |||
| Interest Payable | 176,671 | 183,372 | 285,967 | 397,706 | 334,172 | |||
| Interest Receivable | 1,381 | 88 | 73 | 1,136 | 620 | |||
| Pre-Tax Profit | 144,740 | 87,022 | -120,817 | -537,663 | -70,379 | |||
| Tax | -30,370 | -12,154 | ||||||
| Profit After Tax | 114,370 | 74,868 | -120,817 | -537,663 | -70,379 | |||
| Dividends Paid | ||||||||
| Retained Profit | 114,370 | 74,868 | -120,817 | -537,663 | -70,379 | |||
| Employee Costs | ||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 3 | |||
| EBITDA* | 599,010 | 568,622 | 488,218 | 136,623 | 518,521 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,414,313 | 3,693,293 | 3,954,080 | 4,228,752 | 4,136,143 | 4,391,491 | 4,645,806 | 3,583,615 |
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | 65,209 | 76,551 | ||||||
| Total Fixed Assets | 3,479,522 | 3,769,844 | 3,954,080 | 4,228,752 | 4,136,143 | 4,391,491 | 4,645,806 | 3,583,615 |
| Stock & work in progress | ||||||||
| Trade Debtors | 52,907 | 2,386 | 11,386 | 12,000 | ||||
| Group Debtors | 5,540,945 | |||||||
| Misc Debtors | 275,543 | 250,094 | 304,564 | 404,372 | 211,553 | 290,422 | 321,717 | 702,506 |
| Cash | 477,449 | 283,017 | 268,939 | 339,244 | 681,337 | 271,624 | 474,146 | 589,637 |
| misc current assets | 2,434 | |||||||
| total current assets | 752,992 | 586,018 | 575,889 | 6,284,561 | 904,276 | 576,480 | 795,863 | 1,292,143 |
| total assets | 4,232,514 | 4,355,862 | 4,529,969 | 10,513,313 | 5,040,419 | 4,967,971 | 5,441,669 | 4,875,758 |
| Bank overdraft | ||||||||
| Bank loan | 265,681 | 258,955 | 255,656 | 5,850,000 | ||||
| Trade Creditors | 96,048 | 17,252 | 18,308 | 10,261 | 7,833 | 15,564 | 11,606 | 115,863 |
| Group/Directors Accounts | 56,651 | 106,863 | 13,462 | 4,081,446 | 517,568 | 81,760 | 657,464 | |
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 46,910 | 34,626 | 85,714 | 1,536,715 | 19,712 | 495,705 | 189,168 | 625 |
| total current liabilities | 465,290 | 417,696 | 373,140 | 11,478,422 | 545,113 | 511,269 | 282,534 | 773,952 |
| loans | 4,926,788 | 5,242,468 | 5,548,154 | 305,400 | 5,228,152 | 5,218,053 | 4,225,633 | |
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | ||||||||
| other liabilities | 5,119,169 | 317,283 | ||||||
| provisions | 42,524 | 12,154 | ||||||
| total long term liabilities | 4,969,312 | 5,254,622 | 5,548,154 | 305,400 | 5,228,152 | 5,119,169 | 5,535,336 | 4,225,633 |
| total liabilities | 5,434,602 | 5,672,318 | 5,921,294 | 11,783,822 | 5,773,265 | 5,630,438 | 5,817,870 | 4,999,585 |
| net assets | -1,202,088 | -1,316,456 | -1,391,325 | -1,270,509 | -732,846 | -662,467 | -376,201 | -123,827 |
| total shareholders funds | -1,202,088 | -1,316,456 | -1,391,325 | -1,270,509 | -732,846 | -662,467 | -376,201 | -123,827 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 320,030 | 270,306 | 165,077 | -141,093 | 263,173 | |||
| Depreciation | 278,980 | 277,545 | 277,900 | 277,716 | 255,348 | 255,339 | 247,941 | 7,276 |
| Amortisation | 20,771 | 45,241 | ||||||
| Tax | -30,370 | -12,154 | ||||||
| Stock | ||||||||
| Debtors | -38,800 | 72,602 | -5,638,367 | 5,722,378 | -79,483 | -19,295 | -380,789 | 702,506 |
| Creditors | 78,796 | -1,056 | 8,047 | 2,428 | -7,731 | 3,958 | -104,257 | 115,863 |
| Accruals and Deferred Income | 12,284 | -51,088 | -1,451,001 | 1,517,003 | -475,993 | 306,537 | 188,543 | 625 |
| Deferred Taxes & Provisions | 30,370 | 12,154 | ||||||
| Cash flow from operations | 728,890 | 443,876 | 4,683,631 | -4,066,324 | 114,280 | |||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 6,726 | 3,299 | -5,594,344 | 5,850,000 | ||||
| Group/Directors Accounts | -50,212 | 93,401 | -4,067,984 | 3,563,878 | 517,568 | -81,760 | -575,704 | 657,464 |
| Other Short Term Loans | ||||||||
| Long term loans | -315,680 | -305,686 | 5,242,754 | -4,922,752 | 5,228,152 | -5,218,053 | 992,420 | 4,225,633 |
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -5,119,169 | 4,801,886 | 317,283 | |||||
| share issue | ||||||||
| interest | -175,290 | -183,284 | -285,894 | -396,570 | -333,552 | |||
| cash flow from financing | -534,458 | -392,269 | -4,705,467 | 4,094,556 | 292,999 | |||
| cash and cash equivalents | ||||||||
| cash | 194,432 | 14,078 | -70,305 | -342,093 | 409,713 | -202,522 | -115,491 | 589,637 |
| overdraft | ||||||||
| change in cash | 194,432 | 14,078 | -70,305 | -342,093 | 409,713 | -202,522 | -115,491 | 589,637 |
ferry farm community solar project c.i.c. Credit Report and Business Information
Ferry Farm Community Solar Project C.i.c. Competitor Analysis
Perform a competitor analysis for ferry farm community solar project c.i.c. by selecting its closest rivals, whether from the ELECTRICITY, GAS, STEAM AND AIR CONDITIONING SUPPLY sector, other small companies, companies in TR16 area or any other competitors across 12 key performance metrics.
ferry farm community solar project c.i.c. Ownership
FERRY FARM COMMUNITY SOLAR PROJECT C.I.C. group structure
Ferry Farm Community Solar Project C.I.C. has no subsidiary companies.
Ultimate parent company
1 parent
FERRY FARM COMMUNITY SOLAR PROJECT C.I.C.
09646669
ferry farm community solar project c.i.c. directors
Ferry Farm Community Solar Project C.I.C. currently has 2 directors. The longest serving directors include Mr William Burnyeat (Mar 2020) and Mr Thomas Cosgrove (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Burnyeat | United Kingdom | 46 years | Mar 2020 | - | Director |
| Mr Thomas Cosgrove | United Kingdom | 43 years | Mar 2020 | - | Director |
P&L
June 2023turnover
890.8k
+16%
operating profit
320k
+18%
gross margin
93%
-2.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-1.2m
-0.09%
total assets
4.2m
-0.03%
cash
477.4k
+0.69%
net assets
Total assets minus all liabilities
ferry farm community solar project c.i.c. company details
company number
09646669
Type
Private limited with Share Capital
industry
35110 - Production of electricity
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
GRIFFIN
address
redruth house, redruth enterprise park, scorrier, cornwall, TR16 5EZ
Bank
-
Legal Advisor
-
ferry farm community solar project c.i.c. 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 found 10 charges/mortgages relating to ferry farm community solar project c.i.c.. Currently there are 6 open charges and 4 have been satisfied in the past.
ferry farm community solar project c.i.c. 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.
Click to start generating capital raising & share issue transactions for FERRY FARM COMMUNITY SOLAR PROJECT C.I.C.. This can take several minutes, an email will notify you when this has completed.
ferry farm community solar project c.i.c. Companies House Filings - See Documents
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