the fast lane club limited

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the fast lane club limited Company Information

Share THE FAST LANE CLUB LIMITED

Company Number

10346809

Directors

Thomas Owens

Stephen Owens

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Shareholders

thomas owens

simon smith

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Group Structure

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Industry

Activities of business and employers membership organisations

 

Registered Address

essential enterprise village, field head lane, batley, WF17 9BN

the fast lane club limited Estimated Valuation

£342.5k

Pomanda estimates the enterprise value of THE FAST LANE CLUB LIMITED at £342.5k based on a Turnover of £481.2k and 0.71x industry multiple (adjusted for size and gross margin).

the fast lane club limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FAST LANE CLUB LIMITED at £0 based on an EBITDA of £-107.2k and a 3.52x industry multiple (adjusted for size and gross margin).

the fast lane club limited Estimated Valuation

£0

Pomanda estimates the enterprise value of THE FAST LANE CLUB LIMITED at £0 based on Net Assets of £-133.6k and 2.28x industry multiple (adjusted for liquidity).

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The Fast Lane Club Limited Overview

The Fast Lane Club Limited is a live company located in batley, WF17 9BN with a Companies House number of 10346809. It operates in the activities of business and employers membership organizations sector, SIC Code 94110. Founded in August 2016, it's largest shareholder is thomas owens with a 27% stake. The Fast Lane Club Limited is a young, micro sized company, Pomanda has estimated its turnover at £481.2k with rapid growth in recent years.

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The Fast Lane Club Limited Health Check

Pomanda's financial health check has awarded The Fast Lane Club Limited a 3 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

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £481.2k, make it smaller than the average company (£1.2m)

£481.2k - The Fast Lane Club Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 58%, show it is growing at a faster rate (4%)

58% - The Fast Lane Club Limited

4% - Industry AVG

production

Production

with a gross margin of 75.5%, this company has a comparable cost of product (75.5%)

75.5% - The Fast Lane Club Limited

75.5% - Industry AVG

profitability

Profitability

an operating margin of -23.6% make it less profitable than the average company (1.2%)

-23.6% - The Fast Lane Club Limited

1.2% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (15)

2 - The Fast Lane Club Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £51.4k, the company has an equivalent pay structure (£51.4k)

£51.4k - The Fast Lane Club Limited

£51.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £240.6k, this is more efficient (£114.6k)

£240.6k - The Fast Lane Club Limited

£114.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (38 days)

67 days - The Fast Lane Club Limited

38 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 112 days, this is slower than average (46 days)

112 days - The Fast Lane Club Limited

46 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - The Fast Lane Club Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (65 weeks)

6 weeks - The Fast Lane Club Limited

65 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 197.4%, this is a higher level of debt than the average (43.3%)

197.4% - The Fast Lane Club Limited

43.3% - Industry AVG

THE FAST LANE CLUB LIMITED financials

EXPORTms excel logo

The Fast Lane Club Limited's latest turnover from December 2023 is estimated at £481.2 thousand and the company has net assets of -£133.6 thousand. According to their latest financial statements, The Fast Lane Club Limited has 2 employees and maintains cash reserves of £34.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017
Turnover481,158197,995121,789120,911
Other Income Or Grants
Cost Of Sales118,03745,03826,12537,874
Gross Profit363,121152,95795,66483,038
Admin Expenses476,697103,728137,986103,742
Operating Profit-113,57649,229-42,322-20,704
Interest Payable
Interest Receivable1,8263653
Pre-Tax Profit-111,75049,594-42,319-20,704
Tax-9,423
Profit After Tax-111,75040,171-42,319-20,704
Dividends Paid
Retained Profit-111,75040,171-42,319-20,704
Employee Costs102,81889,18585,90283,524
Number Of Employees2222
EBITDA*-107,20852,010-42,322-20,704

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017
Tangible Assets8,6746,0368,8176,186
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets8,6746,0368,8176,186
Stock & work in progress
Trade Debtors89,4795,2306,022
Group Debtors
Misc Debtors4,8801,000921
Cash34,13535,4436,262
misc current assets
total current assets128,49436,44312,4136,022
total assets137,16842,47921,23012,208
Bank overdraft
Bank loan
Trade Creditors 36,2282,912
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities234,54216,4268,101
total current liabilities270,77016,4268,1012,912
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities47,90576,15030,000
provisions
total long term liabilities47,90576,15030,000
total liabilities270,77064,33184,25132,912
net assets-133,602-21,852-63,021-20,704
total shareholders funds-133,602-21,852-63,021-20,704
Dec 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017
Operating Activities
Operating Profit-113,57649,229-42,322-20,704
Depreciation6,3682,781
Amortisation
Tax-9,423
Stock
Debtors93,359-5,1511296,022
Creditors36,228-2,9122,912
Accruals and Deferred Income218,1168,3258,101
Deferred Taxes & Provisions
Cash flow from operations53,77756,063-37,262-23,814
Investing Activities
capital expenditure-9,006-2,631-6,186
Change in Investments
cash flow from investments-9,006-2,631-6,186
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-47,905-28,24546,15030,000
share issue9982
interest1,8263653
cash flow from financing-46,079-26,88246,15530,000
cash and cash equivalents
cash-1,30829,1816,262
overdraft
change in cash-1,30829,1816,262

the fast lane club 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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The Fast Lane Club Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for the fast lane club limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in WF17 area or any other competitors across 12 key performance metrics.

the fast lane club limited Ownership

THE FAST LANE CLUB LIMITED group structure

The Fast Lane Club Limited has no subsidiary companies.

Ultimate parent company

THE FAST LANE CLUB LIMITED

10346809

THE FAST LANE CLUB LIMITED Shareholders

thomas owens 27%
simon smith 27%
stephen owens 27%
michael mahteer 10%
stephen gregory owens 4.5%
thomas francis owens 4.5%

the fast lane club limited directors

The Fast Lane Club Limited currently has 3 directors. The longest serving directors include Mr Thomas Owens (Aug 2016) and Mr Stephen Owens (Aug 2016).

officercountryagestartendrole
Mr Thomas OwensEngland42 years Aug 2016- Director
Mr Stephen OwensEngland75 years Aug 2016- Director
Mr Simon SmithUnited Kingdom53 years Jan 2023- Director

P&L

December 2023

turnover

481.2k

+143%

operating profit

-113.6k

0%

gross margin

75.5%

-2.31%

turnover

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

Balance Sheet

December 2023

net assets

-133.6k

+5.11%

total assets

137.2k

+2.23%

cash

34.1k

-0.04%

net assets

Total assets minus all liabilities

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the fast lane club limited company details

company number

10346809

Type

Private limited with Share Capital

industry

94110 - Activities of business and employers membership organisations

incorporation date

August 2016

age

9

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

essential enterprise village, field head lane, batley, WF17 9BN

Bank

-

Legal Advisor

-

the fast lane club 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 the fast lane club limited.

the fast lane club 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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the fast lane club limited Companies House Filings - See Documents

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