fit for trade limited
fit for trade limited Company Information
Company Number
10191638
Next Accounts
Jan 2025
Industry
Educational support activities
Directors
Shareholders
lee harland
joanne taylor
Group Structure
View All
Contact
Registered Address
45 cherry gardens, herne bay, CT6 5QY
Website
www.fitfortrade.co.ukfit for trade limited Estimated Valuation
Pomanda estimates the enterprise value of FIT FOR TRADE LIMITED at £10.7k based on a Turnover of £22.1k and 0.48x industry multiple (adjusted for size and gross margin).
fit for trade limited Estimated Valuation
Pomanda estimates the enterprise value of FIT FOR TRADE LIMITED at £0 based on an EBITDA of £-6.8k and a 3.06x industry multiple (adjusted for size and gross margin).
fit for trade limited Estimated Valuation
Pomanda estimates the enterprise value of FIT FOR TRADE LIMITED at £0 based on Net Assets of £-5.3k and 2.37x industry multiple (adjusted for liquidity).
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Fit For Trade Limited Overview
Fit For Trade Limited is a dissolved company that was located in herne bay, CT6 5QY with a Companies House number of 10191638. It operated in the educational support services sector, SIC Code 85600. Founded in May 2016, it's largest shareholder was lee harland with a 50% stake. The last turnover for Fit For Trade Limited was estimated at £22.1k.
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Fit For Trade Limited Health Check
Pomanda's financial health check has awarded Fit For Trade Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £22.1k, make it smaller than the average company (£407.8k)
- Fit For Trade Limited
£407.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -38%, show it is growing at a slower rate (2.6%)
- Fit For Trade Limited
2.6% - Industry AVG
Production
with a gross margin of 24.8%, this company has a higher cost of product (60.3%)
- Fit For Trade Limited
60.3% - Industry AVG
Profitability
an operating margin of -31% make it less profitable than the average company (5.4%)
- Fit For Trade Limited
5.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
1 - Fit For Trade Limited
12 - Industry AVG
Pay Structure
on an average salary of £27.6k, the company has an equivalent pay structure (£27.6k)
- Fit For Trade Limited
£27.6k - Industry AVG
Efficiency
resulting in sales per employee of £22.1k, this is less efficient (£51.1k)
- Fit For Trade Limited
£51.1k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is later than average (22 days)
- Fit For Trade Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 160 days, this is slower than average (16 days)
- Fit For Trade Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fit For Trade Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fit For Trade Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 371.8%, this is a higher level of debt than the average (38.4%)
371.8% - Fit For Trade Limited
38.4% - Industry AVG
FIT FOR TRADE LIMITED financials
Fit For Trade Limited's latest turnover from July 2022 is estimated at £22.1 thousand and the company has net assets of -£5.3 thousand. According to their latest financial statements, Fit For Trade Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 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 | 1 | 2 | 2 | 2 | 2 | 2 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 1 | 1 | 513 | 1,025 | 1,537 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 1 | 1 | 513 | 1,025 | 1,537 | 2 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,966 | 12,351 | 20,989 | 23,348 | 52,367 | 45,020 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,966 | 12,351 | 20,989 | 23,348 | 52,367 | 45,020 | 0 |
| total assets | 1,966 | 12,352 | 20,990 | 23,861 | 53,392 | 46,557 | 2 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,310 | 10,850 | 23,085 | 24,514 | 22,301 | 13,159 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 7,310 | 10,850 | 23,085 | 24,514 | 22,301 | 13,159 | 0 |
| 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 | 821 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 821 | 0 | 0 |
| total liabilities | 7,310 | 10,850 | 23,085 | 24,514 | 23,122 | 13,159 | 0 |
| net assets | -5,344 | 1,502 | -2,095 | -653 | 30,270 | 33,398 | 2 |
| total shareholders funds | -5,344 | 1,502 | -2,095 | -653 | 30,270 | 33,398 | 2 |
| Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | |||||
| Amortisation | 0 | 0 | |||||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,385 | -8,638 | -2,359 | -29,019 | 7,347 | 45,020 | 0 |
| Creditors | -3,540 | -12,235 | -1,429 | 2,213 | 9,142 | 13,159 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | -821 | 821 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -2 | 2 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
fit for trade limited Credit Report and Business Information
Fit For Trade Limited Competitor Analysis
Perform a competitor analysis for fit for trade limited by selecting its closest rivals, whether from the EDUCATION sector, other undefined companies, companies in CT6 area or any other competitors across 12 key performance metrics.
fit for trade limited Ownership
FIT FOR TRADE LIMITED group structure
Fit For Trade Limited has no subsidiary companies.
Ultimate parent company
FIT FOR TRADE LIMITED
10191638
fit for trade limited directors
Fit For Trade Limited currently has 1 director, Miss Joanne Taylor serving since May 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Miss Joanne Taylor | England | 53 years | May 2016 | - | Director |
P&L
July 2022turnover
22.1k
-63%
operating profit
-6.8k
0%
gross margin
24.8%
+16.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
-5.3k
-4.56%
total assets
2k
-0.84%
cash
0
0%
net assets
Total assets minus all liabilities
fit for trade limited company details
company number
10191638
Type
Private limited with Share Capital
industry
85600 - Educational support activities
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2022
previous names
N/A
accountant
RIFT ACCOUNTING LIMITED
auditor
-
address
45 cherry gardens, herne bay, CT6 5QY
Bank
-
Legal Advisor
-
fit for trade 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 fit for trade limited.
fit for trade 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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fit for trade limited Companies House Filings - See Documents
| date | description | view/download |
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