fast wireless ltd
fast wireless ltd Company Information
Company Number
10770442
Next Accounts
29 days late
Directors
Shareholders
costin-cristian boncescu
Group Structure
View All
Industry
Wireless telecommunications activities
+2Registered Address
152 - 160 city road, london, city road, london, EC1V 2NX
Website
https://choetech.comfast wireless ltd Estimated Valuation
Pomanda estimates the enterprise value of FAST WIRELESS LTD at £32.7k based on a Turnover of £54.6k and 0.6x industry multiple (adjusted for size and gross margin).
fast wireless ltd Estimated Valuation
Pomanda estimates the enterprise value of FAST WIRELESS LTD at £44.5k based on an EBITDA of £19.7k and a 2.26x industry multiple (adjusted for size and gross margin).
fast wireless ltd Estimated Valuation
Pomanda estimates the enterprise value of FAST WIRELESS LTD at £2k based on Net Assets of £775 and 2.55x industry multiple (adjusted for liquidity).
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Fast Wireless Ltd Overview
Fast Wireless Ltd is a live company located in london, EC1V 2NX with a Companies House number of 10770442. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in May 2017, it's largest shareholder is costin-cristian boncescu with a 100% stake. Fast Wireless Ltd is a young, micro sized company, Pomanda has estimated its turnover at £54.6k with healthy growth in recent years.
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Fast Wireless Ltd Health Check
Pomanda's financial health check has awarded Fast Wireless Ltd a 2.5 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
3 Strong
1 Regular
6 Weak
Size
annual sales of £54.6k, make it smaller than the average company (£7.5m)
- Fast Wireless Ltd
£7.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (4.3%)
- Fast Wireless Ltd
4.3% - Industry AVG
Production
with a gross margin of 18.3%, this company has a higher cost of product (38.7%)
- Fast Wireless Ltd
38.7% - Industry AVG
Profitability
an operating margin of 36% make it more profitable than the average company (3.1%)
- Fast Wireless Ltd
3.1% - Industry AVG
Employees
with 1 employees, this is below the industry average (42)
1 - Fast Wireless Ltd
42 - Industry AVG
Pay Structure
on an average salary of £58.3k, the company has an equivalent pay structure (£58.3k)
- Fast Wireless Ltd
£58.3k - Industry AVG
Efficiency
resulting in sales per employee of £54.6k, this is less efficient (£181.5k)
- Fast Wireless Ltd
£181.5k - Industry AVG
Debtor Days
it gets paid by customers after 60 days, this is later than average (42 days)
- Fast Wireless Ltd
42 days - Industry AVG
Creditor Days
its suppliers are paid after 67 days, this is slower than average (49 days)
- Fast Wireless Ltd
49 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Fast Wireless Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Fast Wireless Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.4%, this is a higher level of debt than the average (64.8%)
91.4% - Fast Wireless Ltd
64.8% - Industry AVG
FAST WIRELESS LTD financials
Fast Wireless Ltd's latest turnover from May 2023 is estimated at £54.6 thousand and the company has net assets of £775. According to their latest financial statements, Fast Wireless Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | ||||||
| Intangible Assets | ||||||
| Investments & Other | ||||||
| Debtors (Due After 1 year) | ||||||
| Total Fixed Assets | ||||||
| Stock & work in progress | ||||||
| Trade Debtors | 8,985 | 192 | 40 | 47 | 55 | 406 |
| Group Debtors | ||||||
| Misc Debtors | ||||||
| Cash | ||||||
| misc current assets | ||||||
| total current assets | 8,985 | 192 | 40 | 47 | 55 | 406 |
| total assets | 8,985 | 192 | 40 | 47 | 55 | 406 |
| Bank overdraft | ||||||
| Bank loan | ||||||
| Trade Creditors | 8,210 | 14,164 | 6,774 | 2,381 | 1,022 | 866 |
| Group/Directors Accounts | ||||||
| other short term finances | ||||||
| hp & lease commitments | ||||||
| other current liabilities | ||||||
| total current liabilities | 8,210 | 14,164 | 6,774 | 2,381 | 1,022 | 866 |
| loans | ||||||
| hp & lease commitments | ||||||
| Accruals and Deferred Income | 1,774 | 1,771 | 1,543 | |||
| other liabilities | ||||||
| provisions | ||||||
| total long term liabilities | 1,774 | 1,771 | 1,543 | |||
| total liabilities | 8,210 | 14,164 | 8,548 | 4,152 | 2,565 | 866 |
| net assets | 775 | -13,972 | -8,508 | -4,105 | -2,510 | -460 |
| total shareholders funds | 775 | -13,972 | -8,508 | -4,105 | -2,510 | -460 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | ||||||
| Amortisation | ||||||
| Tax | ||||||
| Stock | ||||||
| Debtors | 8,793 | 152 | -7 | -8 | -351 | 406 |
| Creditors | -5,954 | 7,390 | 4,393 | 1,359 | 156 | 866 |
| Accruals and Deferred Income | -1,774 | 3 | 228 | 1,543 | ||
| Deferred Taxes & Provisions | ||||||
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | ||||||
| Group/Directors Accounts | ||||||
| Other Short Term Loans | ||||||
| Long term loans | ||||||
| Hire Purchase and Lease Commitments | ||||||
| other long term liabilities | ||||||
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | ||||||
| overdraft | ||||||
| change in cash |
fast wireless ltd Credit Report and Business Information
Fast Wireless Ltd Competitor Analysis
Perform a competitor analysis for fast wireless ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in EC1V area or any other competitors across 12 key performance metrics.
fast wireless ltd Ownership
FAST WIRELESS LTD group structure
Fast Wireless Ltd has no subsidiary companies.
Ultimate parent company
FAST WIRELESS LTD
10770442
fast wireless ltd directors
Fast Wireless Ltd currently has 1 director, Mr Costin-Cristian Boncescu serving since May 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Costin-Cristian Boncescu | England | 43 years | May 2017 | - | Director |
P&L
May 2023turnover
54.6k
+37%
operating profit
19.7k
0%
gross margin
18.3%
-6.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
775
-1.06%
total assets
9k
+45.8%
cash
0
0%
net assets
Total assets minus all liabilities
fast wireless ltd company details
company number
10770442
Type
Private limited with Share Capital
industry
61100 - Wired telecommunications activities
61200 - Wireless telecommunications activities
61900 - Other telecommunications activities
incorporation date
May 2017
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
152 - 160 city road, london, city road, london, EC1V 2NX
Bank
-
Legal Advisor
-
fast wireless 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 did not find charges/mortgages relating to fast wireless ltd.
fast wireless 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 FAST WIRELESS LTD. This can take several minutes, an email will notify you when this has completed.
fast wireless ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
