fortissimo group limited

Dissolved 

fortissimo group limited Company Information

Share FORTISSIMO GROUP LIMITED

Company Number

10267274

Shareholders

william salomon

harry hyman

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Group Structure

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Industry

Activities of head offices

 

Registered Address

c/o begbies traynor 31st floor, 40 bank street, london, E14 5NR

fortissimo group limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of FORTISSIMO GROUP LIMITED at £1.3m based on a Turnover of £3.2m and 0.42x industry multiple (adjusted for size and gross margin).

fortissimo group limited Estimated Valuation

£170.9k

Pomanda estimates the enterprise value of FORTISSIMO GROUP LIMITED at £170.9k based on an EBITDA of £55.3k and a 3.09x industry multiple (adjusted for size and gross margin).

fortissimo group limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of FORTISSIMO GROUP LIMITED at £3.8m based on Net Assets of £1.8m and 2.13x industry multiple (adjusted for liquidity).

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Fortissimo Group Limited Overview

Fortissimo Group Limited is a dissolved company that was located in london, E14 5NR with a Companies House number of 10267274. It operated in the activities of head offices sector, SIC Code 70100. Founded in July 2016, it's largest shareholder was william salomon with a 50% stake. The last turnover for Fortissimo Group Limited was estimated at £3.2m.

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Fortissimo Group Limited Health Check

Pomanda's financial health check has awarded Fortissimo Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

7 Weak

size

Size

annual sales of £3.2m, make it smaller than the average company (£16.8m)

£3.2m - Fortissimo Group Limited

£16.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (0.4%)

16% - Fortissimo Group Limited

0.4% - Industry AVG

production

Production

with a gross margin of 18%, this company has a higher cost of product (32.6%)

18% - Fortissimo Group Limited

32.6% - Industry AVG

profitability

Profitability

an operating margin of 1.7% make it less profitable than the average company (5.4%)

1.7% - Fortissimo Group Limited

5.4% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (110)

2 - Fortissimo Group Limited

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £44k, the company has an equivalent pay structure (£44k)

£44k - Fortissimo Group Limited

£44k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £1.6m, this is more efficient (£173.5k)

£1.6m - Fortissimo Group Limited

£173.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 188 days, this is later than average (47 days)

188 days - Fortissimo Group Limited

47 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (46 days)

1 days - Fortissimo Group Limited

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fortissimo Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (18 weeks)

12 weeks - Fortissimo Group Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 0.8%, this is a lower level of debt than the average (58.6%)

0.8% - Fortissimo Group Limited

58.6% - Industry AVG

FORTISSIMO GROUP LIMITED financials

EXPORTms excel logo

Fortissimo Group Limited's latest turnover from December 2021 is estimated at £3.2 million and the company has net assets of £1.8 million. According to their latest financial statements, Fortissimo Group Limited has 2 employees and maintains cash reserves of £3.3 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Turnover3,239,3062,057,7112,063,9332,058,577368,227
Other Income Or Grants00000
Cost Of Sales2,656,4721,681,0051,680,7251,680,414299,933
Gross Profit582,834376,706383,208378,16368,293
Admin Expenses527,534334,6471,296,768-624,628250,026
Operating Profit55,30042,059-913,5601,002,791-181,733
Interest Payable00000
Interest Receivable18114164
Pre-Tax Profit55,31942,070-913,5191,002,796-181,729
Tax-10,511-7,9930-190,5310
Profit After Tax44,80834,077-913,519812,265-181,729
Dividends Paid00000
Retained Profit44,80834,077-913,519812,265-181,729
Employee Costs88,04985,40285,499250,57181,158
Number Of Employees22262
EBITDA*55,30042,059-913,5601,002,791-181,733

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Tangible Assets000101,1630
Intangible Assets00000
Investments & Other120,986101,163101,16300
Debtors (Due After 1 year)00000
Total Fixed Assets120,986101,163101,163101,1630
Stock & work in progress00000
Trade Debtors1,673,8361,012,449873,038659,68927,671
Group Debtors00000
Misc Debtors00000
Cash3,32011,45410,92501,494
misc current assets00000
total current assets1,677,1561,023,903883,963659,68929,165
total assets1,798,1421,125,066985,126760,85229,165
Bank overdraft00000
Bank loan00000
Trade Creditors 12,50028,162393,873130,316210,694
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities1,68871,574000
total current liabilities14,18899,736393,873130,316210,694
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions00000
total long term liabilities00000
total liabilities14,18899,736393,873130,316210,694
net assets1,783,9541,025,330591,253630,536-181,529
total shareholders funds1,783,9541,025,330591,253630,536-181,529
Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017
Operating Activities
Operating Profit55,30042,059-913,5601,002,791-181,733
Depreciation00000
Amortisation00000
Tax-10,511-7,9930-190,5310
Stock00000
Debtors661,387139,411213,349632,01827,671
Creditors-15,662-365,711263,557-80,378210,694
Accruals and Deferred Income-69,88671,574000
Deferred Taxes & Provisions00000
Cash flow from operations-702,146-399,482-863,35299,8641,290
Investing Activities
capital expenditure00101,163-101,1630
Change in Investments19,8230101,16300
cash flow from investments-19,82300-101,1630
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue713,816400,000874,236-200200
interest18114164
cash flow from financing713,834400,011874,277-194204
cash and cash equivalents
cash-8,13452910,925-1,4941,494
overdraft00000
change in cash-8,13452910,925-1,4941,494

fortissimo group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fortissimo Group Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fortissimo group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in E14 area or any other competitors across 12 key performance metrics.

fortissimo group limited Ownership

FORTISSIMO GROUP LIMITED group structure

Fortissimo Group Limited has 2 subsidiary companies.

Ultimate parent company

FORTISSIMO GROUP LIMITED

10267274

2 subsidiaries

FORTISSIMO GROUP LIMITED Shareholders

william salomon 50%
harry hyman 50%
nexus central management services limited 0%
nigel white 0%
charles hall 0%

fortissimo group limited directors

Fortissimo Group Limited currently has 2 directors. The longest serving directors include Mr William Salomon (Jul 2016) and Mr Harry Hyman (Jul 2016).

officercountryagestartendrole
Mr William SalomonUnited Kingdom67 years Jul 2016- Director
Mr Harry HymanEngland68 years Jul 2016- Director

P&L

December 2021

turnover

3.2m

+57%

operating profit

55.3k

0%

gross margin

18%

-1.72%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2021

net assets

1.8m

+0.74%

total assets

1.8m

+0.6%

cash

3.3k

-0.71%

net assets

Total assets minus all liabilities

fortissimo group limited company details

company number

10267274

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

July 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

December 2021

previous names

N/A

accountant

-

auditor

-

address

c/o begbies traynor 31st floor, 40 bank street, london, E14 5NR

Bank

-

Legal Advisor

-

fortissimo 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 fortissimo group limited.

fortissimo 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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fortissimo group limited Companies House Filings - See Documents

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