11:fs group limited
11:fs group limited Company Information
Company Number
10103078
Next Accounts
91 days late
Industry
Management consultancy activities (other than financial management)
Shareholders
david brear
jason bates
View AllGroup Structure
View All
Contact
Registered Address
business cube, 43, worship street, london, EC2A 2DU
Website
https://www.11fs.com11:fs group limited Estimated Valuation
Pomanda estimates the enterprise value of 11:FS GROUP LIMITED at £10.7m based on a Turnover of £17m and 0.63x industry multiple (adjusted for size and gross margin).
11:fs group limited Estimated Valuation
Pomanda estimates the enterprise value of 11:FS GROUP LIMITED at £0 based on an EBITDA of £-1.4m and a 4.98x industry multiple (adjusted for size and gross margin).
11:fs group limited Estimated Valuation
Pomanda estimates the enterprise value of 11:FS GROUP LIMITED at £7.2m based on Net Assets of £2.7m and 2.7x industry multiple (adjusted for liquidity).
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11:fs Group Limited Overview
11:fs Group Limited is a live company located in london, EC2A 2DU with a Companies House number of 10103078. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in April 2016, it's largest shareholder is david brear with a 38.3% stake. 11:fs Group Limited is a young, mid sized company, Pomanda has estimated its turnover at £17m with healthy growth in recent years.
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11:fs Group Limited Health Check
Pomanda's financial health check has awarded 11:Fs Group 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
3 Regular
6 Weak
Size
annual sales of £17m, make it larger than the average company (£762.5k)
£17m - 11:fs Group Limited
£762.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a similar rate (4.7%)
5% - 11:fs Group Limited
4.7% - Industry AVG
Production
with a gross margin of 33.3%, this company has a higher cost of product (57.7%)
33.3% - 11:fs Group Limited
57.7% - Industry AVG
Profitability
an operating margin of -8.9% make it less profitable than the average company (7.8%)
-8.9% - 11:fs Group Limited
7.8% - Industry AVG
Employees
with 116 employees, this is above the industry average (7)
116 - 11:fs Group Limited
7 - Industry AVG
Pay Structure
on an average salary of £117.4k, the company has a higher pay structure (£54.9k)
£117.4k - 11:fs Group Limited
£54.9k - Industry AVG
Efficiency
resulting in sales per employee of £146.4k, this is equally as efficient (£129.8k)
£146.4k - 11:fs Group Limited
£129.8k - Industry AVG
Debtor Days
it gets paid by customers after 90 days, this is later than average (68 days)
90 days - 11:fs Group Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (29 days)
9 days - 11:fs Group Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - 11:fs Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (26 weeks)
19 weeks - 11:fs Group Limited
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57.9%, this is a similar level of debt than the average (56.7%)
57.9% - 11:fs Group Limited
56.7% - Industry AVG
11:FS GROUP LIMITED financials
11:Fs Group Limited's latest turnover from December 2022 is £17 million and the company has net assets of £2.7 million. According to their latest financial statements, 11:Fs Group Limited has 116 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 16,988,034 | 15,282,136 | 18,917,395 | 14,620,114 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 11,330,452 | 10,484,087 | 13,117,533 | 10,453,684 | |||
| Gross Profit | 5,657,582 | 4,798,049 | 5,799,862 | 4,166,430 | |||
| Admin Expenses | 7,171,696 | 6,574,019 | 8,190,224 | 7,030,218 | |||
| Operating Profit | -1,514,114 | -1,775,970 | -2,390,362 | -2,863,788 | |||
| Interest Payable | 126 | 32,229 | 234,062 | 78,136 | |||
| Interest Receivable | 23,203 | 6,337 | 1,655 | 6,686 | |||
| Pre-Tax Profit | -1,474,612 | -1,947,980 | -3,336,649 | -2,935,238 | |||
| Tax | 28,188 | 523,980 | 1,322,295 | 812,205 | |||
| Profit After Tax | -1,446,424 | -1,424,000 | -2,014,354 | -2,123,033 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | |||
| Retained Profit | -1,584,532 | -1,284,720 | -1,781,281 | -1,908,449 | |||
| Employee Costs | 13,618,517 | 11,835,741 | 12,624,524 | 8,493,716 | |||
| Number Of Employees | 116 | 112 | 133 | 75 | 43 | 19 | 5 |
| EBITDA* | -1,406,165 | -1,633,221 | -2,227,337 | -2,787,964 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 101,703 | 109,283 | 235,105 | 317,327 | 63,477 | 33,530 | 1,948 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 53,599 | 0 | 0 | 0 | 0 | 600 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 49,200 | 24,580 |
| Total Fixed Assets | 155,302 | 109,283 | 235,105 | 317,327 | 63,477 | 83,330 | 26,528 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,195,630 | 2,949,471 | 4,079,112 | 1,670,282 | 2,438,191 | 1,893,070 | 450,544 |
| Group Debtors | 0 | 0 | 0 | 973,813 | 0 | 262,766 | 0 |
| Misc Debtors | 618,927 | 1,455,805 | 3,093,588 | 2,017,398 | 122,921 | 251,237 | 3,633 |
| Cash | 1,333,086 | 5,086,583 | 5,268,095 | 8,185,613 | 5,864,345 | 533,205 | 172,426 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,147,643 | 9,491,859 | 12,440,795 | 12,847,106 | 8,425,457 | 2,940,278 | 626,603 |
| total assets | 6,302,945 | 9,601,142 | 12,675,900 | 13,164,433 | 8,488,934 | 3,023,608 | 653,131 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 299,820 | 113,408 | 247,733 | 784,053 | 860,771 | 797,935 | 103,210 |
| Group/Directors Accounts | 0 | 0 | 0 | 2,800 | 2,800 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,327,424 | 5,425,083 | 6,921,771 | 4,848,041 | 1,978,159 | 535,277 | 151,950 |
| total current liabilities | 3,627,244 | 5,538,491 | 7,169,504 | 5,634,894 | 2,841,730 | 1,333,212 | 255,160 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 24,780 | 18,905 | 38,449 | 47,434 | 11,668 | 0 | 0 |
| total long term liabilities | 24,780 | 18,905 | 38,449 | 47,434 | 11,668 | 0 | 0 |
| total liabilities | 3,652,024 | 5,557,396 | 7,207,953 | 5,682,328 | 2,853,398 | 1,333,212 | 255,160 |
| net assets | 2,650,921 | 3,959,237 | 5,244,158 | 7,025,243 | 5,511,021 | 1,690,396 | 397,971 |
| total shareholders funds | 2,650,921 | 3,959,237 | 5,244,158 | 7,025,243 | 5,511,021 | 1,690,396 | 397,971 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -1,514,114 | -1,775,970 | -2,390,362 | -2,863,788 | |||
| Depreciation | 107,949 | 142,749 | 163,025 | 75,824 | 13,916 | 5,085 | 56 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 28,188 | 523,980 | 1,322,295 | 812,205 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 409,281 | -2,767,424 | 2,511,207 | 2,100,381 | 2,082,355 | 1,977,516 | 478,757 |
| Creditors | 186,412 | -134,325 | -536,320 | -76,718 | 757,561 | 694,725 | 103,210 |
| Accruals and Deferred Income | -2,097,659 | -1,496,688 | 2,073,730 | 2,869,882 | 1,826,209 | 383,327 | 151,950 |
| Deferred Taxes & Provisions | 5,875 | -19,544 | -8,985 | 35,766 | 11,668 | 0 | 0 |
| Cash flow from operations | -3,692,630 | 7,626 | -1,887,824 | -1,247,210 | |||
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | 53,599 | 0 | 0 | 0 | 0 | 600 | 0 |
| cash flow from investments | -53,599 | 0 | 0 | 0 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -2,800 | 0 | 2,800 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | 23,077 | -25,892 | -232,407 | -71,450 | |||
| cash flow from financing | 299,293 | -26,093 | -235,011 | 3,351,221 | |||
| cash and cash equivalents | |||||||
| cash | -3,753,497 | -181,512 | -2,917,518 | 2,321,268 | 5,691,919 | 360,779 | 172,426 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -3,753,497 | -181,512 | -2,917,518 | 2,321,268 | 5,691,919 | 360,779 | 172,426 |
11:fs group limited Credit Report and Business Information
11:fs Group Limited Competitor Analysis
Perform a competitor analysis for 11:fs group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in EC2A area or any other competitors across 12 key performance metrics.
11:fs group limited Ownership
11:FS GROUP LIMITED group structure
11:Fs Group Limited has 4 subsidiary companies.
Ultimate parent company
11:FS GROUP LIMITED
10103078
4 subsidiaries
11:fs group limited directors
11:Fs Group Limited currently has 7 directors. The longest serving directors include Mr David Brear (Apr 2016) and Mr Jason Bates (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Brear | England | 44 years | Apr 2016 | - | Director |
| Mr Jason Bates | England | 52 years | Apr 2016 | - | Director |
| Mr Chris Skinner | England | 64 years | Nov 2016 | - | Director |
| Mr Ewan Silver | United Kingdom | 53 years | May 2019 | - | Director |
| Mr Shaun Meadows | England | 61 years | Aug 2019 | - | Director |
| Mr Maksym Koretskiy | United Kingdom | 43 years | Sep 2023 | - | Director |
| Mr Andrei Kozliar | United Kingdom | 48 years | Sep 2023 | - | Director |
P&L
December 2022turnover
17m
+11%
operating profit
-1.5m
-15%
gross margin
33.4%
+6.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.7m
-0.33%
total assets
6.3m
-0.34%
cash
1.3m
-0.74%
net assets
Total assets minus all liabilities
11:fs group limited company details
company number
10103078
Type
Private limited with Share Capital
industry
70229 - Management consultancy activities (other than financial management)
incorporation date
April 2016
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
eleven fs group limited (June 2021)
accountant
-
auditor
LAMBERT CHAMPMAN LLP
address
business cube, 43, worship street, london, EC2A 2DU
Bank
SANTANDER
Legal Advisor
-
11:fs group 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 11:fs group limited.
11:fs group 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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11:fs group limited Companies House Filings - See Documents
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