solfan1 limited
solfan1 limited Company Information
Company Number
09874560
Next Accounts
369 days late
Industry
Performing arts
Directors
Shareholders
frederick reeves
claire reeves
Group Structure
View All
Contact
Registered Address
171 sunderland road, south shields, NE34 6AD
Website
-solfan1 limited Estimated Valuation
Pomanda estimates the enterprise value of SOLFAN1 LIMITED at £494.4k based on a Turnover of £594.8k and 0.83x industry multiple (adjusted for size and gross margin).
solfan1 limited Estimated Valuation
Pomanda estimates the enterprise value of SOLFAN1 LIMITED at £410.6k based on an EBITDA of £44.7k and a 9.19x industry multiple (adjusted for size and gross margin).
solfan1 limited Estimated Valuation
Pomanda estimates the enterprise value of SOLFAN1 LIMITED at £13.3k based on Net Assets of £8.8k and 1.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Solfan1 Limited Overview
Solfan1 Limited is a live company located in south shields, NE34 6AD with a Companies House number of 09874560. It operates in the performing arts sector, SIC Code 90010. Founded in November 2015, it's largest shareholder is frederick reeves with a 50% stake. Solfan1 Limited is a young, small sized company, Pomanda has estimated its turnover at £594.8k with declining growth in recent years.
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Solfan1 Limited Health Check
Pomanda's financial health check has awarded Solfan1 Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £594.8k, make it larger than the average company (£316.2k)
- Solfan1 Limited
£316.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (-3.8%)
- Solfan1 Limited
-3.8% - Industry AVG
Production
with a gross margin of 33.8%, this company has a comparable cost of product (33.8%)
- Solfan1 Limited
33.8% - Industry AVG
Profitability
an operating margin of 7.4% make it more profitable than the average company (1.2%)
- Solfan1 Limited
1.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (7)
1 - Solfan1 Limited
7 - Industry AVG
Pay Structure
on an average salary of £24.6k, the company has an equivalent pay structure (£24.6k)
- Solfan1 Limited
£24.6k - Industry AVG
Efficiency
resulting in sales per employee of £594.8k, this is more efficient (£62.8k)
- Solfan1 Limited
£62.8k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (7 days)
- Solfan1 Limited
7 days - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is quicker than average (42 days)
- Solfan1 Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Solfan1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 27 weeks, this is less cash available to meet short term requirements (175 weeks)
27 weeks - Solfan1 Limited
175 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 96.6%, this is a higher level of debt than the average (19.8%)
96.6% - Solfan1 Limited
19.8% - Industry AVG
SOLFAN1 LIMITED financials
Solfan1 Limited's latest turnover from March 2022 is estimated at £594.8 thousand and the company has net assets of £8.8 thousand. According to their latest financial statements, Solfan1 Limited has 1 employee and maintains cash reserves of £102.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 6,381 | 4,207 | 0 | 0 | 0 | 0 |
| Intangible Assets | 1,360 | 1,700 | 6,000 | 10,300 | 14,600 | 10,400 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,741 | 5,907 | 6,000 | 10,300 | 14,600 | 10,400 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 31,407 | 116,604 | 147,828 | 46,947 | 35,569 | 27,143 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 116,536 | 97,516 | 0 | 44,897 | 0 | 0 |
| Cash | 102,608 | 165,913 | 18,243 | 5,294 | 35,421 | 21,752 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 250,551 | 380,033 | 166,071 | 97,138 | 70,990 | 48,895 |
| total assets | 258,292 | 385,940 | 172,071 | 107,438 | 85,590 | 59,295 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 38,617 | 209,568 | 191,351 | 49,680 | 52,149 | 47,659 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 155,130 | 151,280 | 0 | 57,756 | 32,029 | 14,553 |
| total current liabilities | 193,747 | 360,848 | 191,351 | 107,436 | 84,178 | 62,212 |
| loans | 41,667 | 50,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 14,071 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 55,738 | 50,000 | 0 | 0 | 0 | 0 |
| total liabilities | 249,485 | 410,848 | 191,351 | 107,436 | 84,178 | 62,212 |
| net assets | 8,807 | -24,908 | -19,280 | 2 | 1,412 | -2,917 |
| total shareholders funds | 8,807 | -24,908 | -19,280 | 2 | 1,412 | -2,917 |
| Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 645 | 1,052 | 0 | 0 | 0 | 0 |
| Amortisation | 340 | 4,300 | 4,300 | 4,300 | 4,300 | 2,600 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -66,177 | 66,292 | 55,984 | 56,275 | 8,426 | 27,143 |
| Creditors | -170,951 | 18,217 | 141,671 | -2,469 | 4,490 | 47,659 |
| Accruals and Deferred Income | 3,850 | 151,280 | -57,756 | 25,727 | 17,476 | 14,553 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -8,333 | 50,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 14,071 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -63,305 | 147,670 | 12,949 | -30,127 | 13,669 | 21,752 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,305 | 147,670 | 12,949 | -30,127 | 13,669 | 21,752 |
solfan1 limited Credit Report and Business Information
Solfan1 Limited Competitor Analysis
Perform a competitor analysis for solfan1 limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in NE34 area or any other competitors across 12 key performance metrics.
solfan1 limited Ownership
SOLFAN1 LIMITED group structure
Solfan1 Limited has no subsidiary companies.
Ultimate parent company
SOLFAN1 LIMITED
09874560
solfan1 limited directors
Solfan1 Limited currently has 1 director, Mrs Claire Reeves serving since Apr 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Claire Reeves | England | 41 years | Apr 2018 | - | Director |
P&L
March 2022turnover
594.8k
-80%
operating profit
43.7k
0%
gross margin
33.9%
+12.75%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2022net assets
8.8k
-1.35%
total assets
258.3k
-0.33%
cash
102.6k
-0.38%
net assets
Total assets minus all liabilities
Similar Companies
solfan1 limited company details
company number
09874560
Type
Private limited with Share Capital
industry
90010 - Performing arts
incorporation date
November 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2022
previous names
N/A
accountant
KP SIMPSON SOUTH SHIELDS LTD
auditor
-
address
171 sunderland road, south shields, NE34 6AD
Bank
-
Legal Advisor
-
solfan1 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 solfan1 limited.
solfan1 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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solfan1 limited Companies House Filings - See Documents
| date | description | view/download |
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