bright fs limited
bright fs limited Company Information
Company Number
10506607
Website
www.brightwm.co.ukRegistered Address
yarmouth house, trident business park, birchwood, WA3 6BX
Industry
Activities of financial services holding companies
Telephone
01925839180
Next Accounts Due
14 days late
Group Structure
View All
Shareholders
ian james crombleholme 32.5%
adam yates 32.5%
View Allbright fs limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT FS LIMITED at £2.2m based on a Turnover of £2m and 1.12x industry multiple (adjusted for size and gross margin).
bright fs limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT FS LIMITED at £4.7m based on an EBITDA of £1m and a 4.52x industry multiple (adjusted for size and gross margin).
bright fs limited Estimated Valuation
Pomanda estimates the enterprise value of BRIGHT FS LIMITED at £4.7k based on Net Assets of £2.6k and 1.82x industry multiple (adjusted for liquidity).
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Bright Fs Limited Overview
Bright Fs Limited is a live company located in birchwood, WA3 6BX with a Companies House number of 10506607. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in December 2016, it's largest shareholder is ian james crombleholme with a 32.5% stake. Bright Fs Limited is a young, small sized company, Pomanda has estimated its turnover at £2m with declining growth in recent years.
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Bright Fs Limited Health Check
Pomanda's financial health check has awarded Bright Fs Limited a 3 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 £2m, make it smaller than the average company (£10.8m)
- Bright Fs Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (8.6%)
- Bright Fs Limited
8.6% - Industry AVG
Production
with a gross margin of 76.9%, this company has a comparable cost of product (76.9%)
- Bright Fs Limited
76.9% - Industry AVG
Profitability
an operating margin of 17.9% make it more profitable than the average company (11.1%)
- Bright Fs Limited
11.1% - Industry AVG
Employees
with 12 employees, this is below the industry average (65)
12 - Bright Fs Limited
65 - Industry AVG
Pay Structure
on an average salary of £81.8k, the company has an equivalent pay structure (£81.8k)
- Bright Fs Limited
£81.8k - Industry AVG
Efficiency
resulting in sales per employee of £163.7k, this is less efficient (£211.5k)
- Bright Fs Limited
£211.5k - Industry AVG
Debtor Days
it gets paid by customers after 41 days, this is near the average (45 days)
- Bright Fs Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (50 days)
- Bright Fs Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bright Fs Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (28 weeks)
57 weeks - Bright Fs Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (58.4%)
100% - Bright Fs Limited
58.4% - Industry AVG
BRIGHT FS LIMITED financials
Bright Fs Limited's latest turnover from December 2022 is estimated at £2 million and the company has net assets of £2.6 thousand. According to their latest financial statements, Bright Fs Limited has 12 employees and maintains cash reserves of £950.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| 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 | 12 | 12 | 12 | 12 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 155,748 | 218,219 | 272,840 | 22,199 | 0 | 0 |
| Intangible Assets | 4,556,118 | 4,914,365 | 3,052,781 | 3,193,238 | 0 | 0 |
| Investments & Other | 0 | 0 | 10,000 | 10,000 | 3,061,851 | 1,575,569 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,711,866 | 5,132,584 | 3,335,621 | 3,225,437 | 3,061,851 | 1,575,569 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 221,280 | 218,671 | 252,831 | 301,271 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 125,582 | 125,552 | 147,088 | 73,585 | 3 | 3 |
| Cash | 950,647 | 849,282 | 527,637 | 436,492 | 1,000 | 0 |
| misc current assets | 25,167 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,322,676 | 1,193,505 | 927,556 | 811,348 | 1,003 | 3 |
| total assets | 6,034,542 | 6,326,089 | 4,263,177 | 4,036,785 | 3,062,854 | 1,575,572 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 15,398 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 33,501 | 47,494 | 47,508 | 43,779 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 9,980 | 10,000 | 249,142 | 100,569 |
| other short term finances | 0 | 32,333 | 32,333 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 831,447 | 930,427 | 817,526 | 832,475 | 357,596 | 295,000 |
| total current liabilities | 864,948 | 1,010,254 | 907,347 | 886,254 | 606,738 | 410,967 |
| loans | 5,137,401 | 5,164,599 | 3,265,279 | 3,276,600 | 2,579,705 | 1,195,697 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 29,592 | 41,462 | 51,840 | 4,218 | 0 | 0 |
| total long term liabilities | 5,166,993 | 5,206,061 | 3,317,119 | 3,280,818 | 2,579,705 | 1,195,697 |
| total liabilities | 6,031,941 | 6,216,315 | 4,224,466 | 4,167,072 | 3,186,443 | 1,606,664 |
| net assets | 2,601 | 109,774 | 38,711 | -130,287 | -123,589 | -31,092 |
| total shareholders funds | 2,601 | 109,774 | 38,711 | -130,287 | -123,589 | -31,092 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 63,835 | 78,814 | 31,312 | 8,310 | 0 | 0 |
| Amortisation | 614,400 | 573,144 | 345,104 | 186,552 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,639 | -55,696 | 25,063 | 374,853 | 0 | 3 |
| Creditors | -13,993 | -14 | 3,729 | 43,779 | 0 | 0 |
| Accruals and Deferred Income | -98,980 | 112,901 | -14,949 | 474,879 | 62,596 | 295,000 |
| Deferred Taxes & Provisions | -11,870 | -10,378 | 47,622 | 4,218 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | -10,000 | 0 | -3,051,851 | 1,486,282 | 1,575,569 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -9,980 | -20 | -239,142 | 148,573 | 100,569 |
| Other Short Term Loans | -32,333 | 0 | 32,333 | 0 | 0 | 0 |
| Long term loans | -27,198 | 1,899,320 | -11,321 | 696,895 | 1,384,008 | 1,195,697 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 101,365 | 321,645 | 91,145 | 435,492 | 1,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | -15,398 | 15,398 |
| change in cash | 101,365 | 321,645 | 91,145 | 435,492 | 16,398 | -15,398 |
bright fs limited Credit Report and Business Information
Bright Fs Limited Competitor Analysis
Perform a competitor analysis for bright fs limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in WA3 area or any other competitors across 12 key performance metrics.
bright fs limited Ownership
BRIGHT FS LIMITED group structure
Bright Fs Limited has 1 subsidiary company.
bright fs limited directors
Bright Fs Limited currently has 4 directors. The longest serving directors include Mr Ian Crombleholme (Dec 2016) and Mr Adam Yates (Dec 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Crombleholme | England | 46 years | Dec 2016 | - | Director |
| Mr Adam Yates | England | 49 years | Dec 2016 | - | Director |
| Mr Christian Eckersley | England | 43 years | Dec 2016 | - | Director |
| Mr William Harrison | England | 45 years | Mar 2023 | - | Director |
P&L
December 2022turnover
2m
+2%
operating profit
352.2k
0%
gross margin
76.9%
-1.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6k
-0.98%
total assets
6m
-0.05%
cash
950.6k
+0.12%
net assets
Total assets minus all liabilities
bright fs limited company details
company number
10506607
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
December 2016
age
8
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2022
previous names
N/A
accountant
BRIGHT PARTNERSHIP LLP
auditor
-
address
yarmouth house, trident business park, birchwood, WA3 6BX
Bank
-
Legal Advisor
-
bright fs 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 found 1 charges/mortgages relating to bright fs limited. Currently there are 0 open charges and 1 have been satisfied in the past.
bright fs limited Companies House Filings - See Documents
| date | description | view/download |
|---|
