Pomanda estimates the enterprise value of FREEDOM WORKS LTD at £1.5m based on a Turnover of £2.7m and 0.57x industry multiple (adjusted for size and gross margin).
freedom works ltdEstimated Valuation
£1.3m
Pomanda estimates the enterprise value of FREEDOM WORKS LTD at £1.3m based on an EBITDA of £364.6k and a 3.56x industry multiple (adjusted for size and gross margin).
freedom works ltdEstimated Valuation
£443.7k
Pomanda estimates the enterprise value of FREEDOM WORKS LTD at £443.7k based on Net Assets of £172.4k and 2.57x industry multiple (adjusted for liquidity).
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Freedom Works LtdOverview
Freedom Works Ltd is a live company located in worthing, BN11 1LY with a Companies House number of 10118525. It operates in the combined office administrative service activities sector, SIC Code 82110. Founded in April 2016, it's largest shareholder is
jonathan trigg
with a 78.2% stake. Freedom Works Ltd is a young,
small sized company, Pomanda has estimated its turnover at
£2.7m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Freedom Works Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
6 Strong
3 Regular
2 Weak
Size
annual sales of £2.7m, make it larger than the average company (£1.4m)
£2.7m - Freedom Works Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (9.1%)
48% - Freedom Works Ltd
9.1% - Industry AVG
Production
with a gross margin of 42.9%, this company has a comparable cost of product (42.9%)
42.9% - Freedom Works Ltd
42.9% - Industry AVG
Profitability
an operating margin of 6.2% make it more profitable than the average company (2.7%)
6.2% - Freedom Works Ltd
2.7% - Industry AVG
Employees
with 19 employees, this is above the industry average (15)
19 - Freedom Works Ltd
15 - Industry AVG
Pay Structure
on an average salary of £39.4k, the company has an equivalent pay structure (£39.4k)
£39.4k - Freedom Works Ltd
£39.4k - Industry AVG
Efficiency
resulting in sales per employee of £141.7k, this is more efficient (£87.4k)
£141.7k - Freedom Works Ltd
£87.4k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is near the average (35 days)
39 days - Freedom Works Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 138 days, this is slower than average (32 days)
138 days - Freedom Works Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Freedom Works Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 0 weeks, this is less cash available to meet short term requirements (25 weeks)
0 weeks - Freedom Works Ltd
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.9%, this is a higher level of debt than the average (51.2%)
91.9% - Freedom Works Ltd
51.2% - Industry AVG
FREEDOM WORKS LTD financials
EXPORT
Freedom Works Ltd's latest turnover from April 2024 is estimated at £2.7 million and the company has net assets of £172.4 thousand. According to their latest financial statements, Freedom Works Ltd has 19 employees and maintains cash reserves of £19.8 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Turnover
2,691,610
1,875,375
1,352,428
830,961
991,695
724,545
257,914
133,581
Other Income Or Grants
Cost Of Sales
1,537,549
1,073,250
779,656
488,176
581,933
370,205
123,416
61,639
Gross Profit
1,154,062
802,125
572,772
342,785
409,762
354,340
134,498
71,942
Admin Expenses
986,962
882,626
393,186
252,432
431,565
386,856
166,032
119,583
Operating Profit
167,100
-80,501
179,586
90,353
-21,803
-32,516
-31,534
-47,641
Interest Payable
43,601
27,718
5,560
1,525
Interest Receivable
1,096
1,318
895
104
12
359
210
5
Pre-Tax Profit
124,595
-106,901
174,921
88,932
-21,791
-32,157
-31,324
-47,636
Tax
-31,149
-33,235
-16,897
Profit After Tax
93,446
-106,901
141,686
72,035
-21,791
-32,157
-31,324
-47,636
Dividends Paid
Retained Profit
93,446
-106,901
141,686
72,035
-21,791
-32,157
-31,324
-47,636
Employee Costs
748,708
654,171
308,718
310,851
366,002
275,048
112,723
37,585
Number Of Employees
19
17
8
8
10
7
3
1
EBITDA*
364,555
68,435
337,598
178,982
81,325
19,111
-12,430
-35,457
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Tangible Assets
1,486,028
997,560
678,345
271,133
343,169
336,205
100,448
47,212
Intangible Assets
31,500
49,500
67,500
85,500
Investments & Other
Debtors (Due After 1 year)
47,627
48,827
47,627
Total Fixed Assets
1,517,528
1,047,060
745,845
404,260
391,996
383,832
100,448
47,212
Stock & work in progress
Trade Debtors
292,355
96,729
36,554
2,666
26,005
50,117
23,930
19,825
Group Debtors
17,099
17,099
34,900
Misc Debtors
286,737
225,466
180,685
32,846
148,371
122,540
46,347
23,616
Cash
19,784
21,952
40,082
198,634
9,334
15,576
80,222
3,798
misc current assets
total current assets
598,876
344,147
274,420
251,245
218,610
188,233
150,499
47,239
total assets
2,116,404
1,391,207
1,020,265
655,505
610,606
572,065
250,947
94,451
Bank overdraft
149,119
137,284
75,315
10,000
Bank loan
Trade Creditors
581,995
437,943
489,951
289,948
204,482
208,891
42,892
17,427
Group/Directors Accounts
732
9,732
other short term finances
hp & lease commitments
other current liabilities
524,982
238,226
105,416
144,135
351,171
209,594
173,626
124,659
total current liabilities
1,256,828
823,185
670,682
444,083
555,653
418,485
216,518
142,086
loans
199,918
288,804
39,431
40,000
hp & lease commitments
Accruals and Deferred Income
325,981
45,000
other liabilities
109,145
155,287
124,320
127,276
82,842
159,678
109,413
provisions
52,155
3,957
total long term liabilities
687,199
489,091
163,751
167,276
82,842
159,678
113,370
total liabilities
1,944,027
1,312,276
834,433
611,359
638,495
578,163
329,888
142,086
net assets
172,377
78,931
185,832
44,146
-27,889
-6,098
-78,941
-47,635
total shareholders funds
172,377
78,931
185,832
44,146
-27,889
-6,098
-78,941
-47,635
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Operating Activities
Operating Profit
167,100
-80,501
179,586
90,353
-21,803
-32,516
-31,534
-47,641
Depreciation
179,455
130,936
140,012
88,629
103,128
51,627
19,104
12,184
Amortisation
18,000
18,000
18,000
Tax
-31,149
-33,235
-16,897
Stock
Debtors
256,897
87,857
134,100
-157,865
37,819
150,007
26,836
43,441
Creditors
144,052
-52,008
200,003
85,466
-4,409
165,999
25,465
17,427
Accruals and Deferred Income
567,737
177,810
-38,719
-207,036
141,577
35,968
48,967
124,659
Deferred Taxes & Provisions
52,155
-3,957
3,957
Cash flow from operations
840,453
106,380
331,547
198,380
180,674
67,114
39,123
63,188
Investing Activities
capital expenditure
-667,923
-450,151
-547,224
-102,093
-110,092
-287,384
-72,340
-59,396
Change in Investments
cash flow from investments
-667,923
-450,151
-547,224
-102,093
-110,092
-287,384
-72,340
-59,396
Financing Activities
Bank loans
Group/Directors Accounts
-9,000
9,732
Other Short Term Loans
Long term loans
-88,886
249,373
-569
40,000
Hire Purchase and Lease Commitments
other long term liabilities
-46,142
30,967
-2,956
44,434
-76,836
50,265
109,413
share issue
105,000
18
1
interest
-42,505
-26,400
-4,665
-1,421
12
359
210
5
cash flow from financing
-186,533
263,672
-8,190
83,013
-76,824
155,624
109,641
6
cash and cash equivalents
cash
-2,168
-18,130
-158,552
189,300
-6,242
-64,646
76,424
3,798
overdraft
11,835
61,969
65,315
10,000
change in cash
-14,003
-80,099
-223,867
179,300
-6,242
-64,646
76,424
3,798
freedom works ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for freedom works ltd. Get real-time insights into freedom works ltd's credit score, group structure and payment trends.
Perform a competitor analysis for freedom works ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in BN11 area or any other competitors across 12 key performance metrics.
freedom works ltd Ownership
FREEDOM WORKS LTD group structure
Freedom Works Ltd has no subsidiary companies.
Ultimate parent company
FREEDOM WORKS LTD
10118525
FREEDOM WORKS LTD Shareholders
The largest shareholders in Freedom Works Ltd include Jonathan Trigg and Glenn Murray.
jonathan trigg
78.2%
glenn murray
8%
stephen wallace
6.9%
colin nicol
6.9%
freedom works ltd directors
Freedom Works Ltd currently has 1 director, Mr Jonathan Trigg serving since Apr 2016.
82110 - Combined office administrative service activities
incorporation date
April 2016
age
9
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
April 2024
previous names
N/A
accountant
PADDENBURG & CO LIMITED
auditor
-
address
the mill building, 31 chatsworth road, worthing, BN11 1LY
Bank
-
Legal Advisor
-
freedom works ltd 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 2 charges/mortgages relating to freedom works ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
freedom works ltd 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 FREEDOM WORKS LTD. This can take several minutes, an email will notify you when this has completed.
freedom works ltdCompanies House Filings - See Documents
