friargate jv project limited
friargate jv project limited Company Information
Company Number
11730348
Next Accounts
78 days late
Shareholders
friargate holdings 2 limited
council of the city of coventry
Group Structure
View All
Industry
Construction of domestic buildings
+2Registered Address
eaton house 1 eaton road, coventry, CV1 2FJ
Website
friargatecoventry.co.ukfriargate jv project limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE JV PROJECT LIMITED at £1.8m based on a Turnover of £4.9m and 0.36x industry multiple (adjusted for size and gross margin).
friargate jv project limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE JV PROJECT LIMITED at £853.1k based on an EBITDA of £262.2k and a 3.25x industry multiple (adjusted for size and gross margin).
friargate jv project limited Estimated Valuation
Pomanda estimates the enterprise value of FRIARGATE JV PROJECT LIMITED at £27.5m based on Net Assets of £19.3m and 1.42x industry multiple (adjusted for liquidity).
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Friargate Jv Project Limited Overview
Friargate Jv Project Limited is a live company located in coventry, CV1 2FJ with a Companies House number of 11730348. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2018, it's largest shareholder is friargate holdings 2 limited with a 50% stake. Friargate Jv Project Limited is a young, small sized company, Pomanda has estimated its turnover at £4.9m with rapid growth in recent years.
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Friargate Jv Project Limited Health Check
Pomanda's financial health check has awarded Friargate Jv Project Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
4 Regular
3 Weak
Size
annual sales of £4.9m, make it in line with the average company (£4.7m)
£4.9m - Friargate Jv Project Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 62%, show it is growing at a faster rate (4.9%)
62% - Friargate Jv Project Limited
4.9% - Industry AVG
Production
with a gross margin of 15.1%, this company has a higher cost of product (20.4%)
15.1% - Friargate Jv Project Limited
20.4% - Industry AVG
Profitability
an operating margin of 5.3% make it as profitable than the average company (6.2%)
5.3% - Friargate Jv Project Limited
6.2% - Industry AVG
Employees
with 19 employees, this is above the industry average (14)
- Friargate Jv Project Limited
14 - Industry AVG
Pay Structure
on an average salary of £47.2k, the company has an equivalent pay structure (£47.2k)
- Friargate Jv Project Limited
£47.2k - Industry AVG
Efficiency
resulting in sales per employee of £258.5k, this is equally as efficient (£281.8k)
- Friargate Jv Project Limited
£281.8k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (34 days)
6 days - Friargate Jv Project Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
1 days - Friargate Jv Project Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 1553 days, this is more than average (148 days)
1553 days - Friargate Jv Project Limited
148 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 77 weeks, this is more cash available to meet short term requirements (17 weeks)
77 weeks - Friargate Jv Project Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.5%, this is a lower level of debt than the average (72.4%)
13.5% - Friargate Jv Project Limited
72.4% - Industry AVG
FRIARGATE JV PROJECT LIMITED financials
Friargate Jv Project Limited's latest turnover from March 2023 is £4.9 million and the company has net assets of £19.3 million. According to their latest financial statements, we estimate that Friargate Jv Project Limited has 19 employees and maintains cash reserves of £4.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Turnover | 4,910,663 | 464,882 | 3,218,262 | 1,153,258 |
| Other Income Or Grants | ||||
| Cost Of Sales | 4,171,539 | 457,928 | 3,385,617 | 703,629 |
| Gross Profit | 739,124 | 6,954 | -167,355 | 449,629 |
| Admin Expenses | 476,914 | 457,037 | 326,841 | 429,920 |
| Operating Profit | 262,210 | -450,083 | -494,196 | 19,709 |
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | 262,210 | -450,083 | -494,196 | 19,709 |
| Tax | -3,745 | |||
| Profit After Tax | 262,210 | -450,083 | -494,196 | 15,964 |
| Dividends Paid | ||||
| Retained Profit | 262,210 | -450,083 | -494,196 | 15,964 |
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* | 262,210 | -450,083 | -494,196 | 19,709 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | ||||
| Stock & work in progress | 17,753,103 | 21,423,976 | 20,610,991 | 21,386,242 |
| Trade Debtors | 84,346 | 249,862 | 187,595 | 789,548 |
| Group Debtors | ||||
| Misc Debtors | 8,482 | 36,864 | 25,226 | 188,170 |
| Cash | 4,501,529 | 433,640 | 322,991 | 175,169 |
| misc current assets | ||||
| total current assets | 22,347,460 | 22,144,342 | 21,146,803 | 22,539,129 |
| total assets | 22,347,460 | 22,144,342 | 21,146,803 | 22,539,129 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 13,545 | 72,637 | 121,270 | 315,791 |
| Group/Directors Accounts | ||||
| other short term finances | 3,000,000 | 3,000,000 | 1,500,000 | 1,500,000 |
| hp & lease commitments | ||||
| other current liabilities | 3,745 | 707,374 | ||
| total current liabilities | 3,013,545 | 3,072,637 | 1,625,015 | 2,523,165 |
| loans | ||||
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | ||||
| total liabilities | 3,013,545 | 3,072,637 | 1,625,015 | 2,523,165 |
| net assets | 19,333,915 | 19,071,705 | 19,521,788 | 20,015,964 |
| total shareholders funds | 19,333,915 | 19,071,705 | 19,521,788 | 20,015,964 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 262,210 | -450,083 | -494,196 | 19,709 |
| Depreciation | ||||
| Amortisation | ||||
| Tax | -3,745 | |||
| Stock | -3,670,873 | 812,985 | -775,251 | 21,386,242 |
| Debtors | -193,898 | 73,905 | -764,897 | 977,718 |
| Creditors | -59,092 | -48,633 | -194,521 | 315,791 |
| Accruals and Deferred Income | -3,745 | -703,629 | 707,374 | |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | 4,067,889 | -1,389,351 | 147,802 | -21,324,831 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | 1,500,000 | 1,500,000 | ||
| Long term loans | ||||
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | 1,500,000 | 20 | 21,500,000 | |
| cash and cash equivalents | ||||
| cash | 4,067,889 | 110,649 | 147,822 | 175,169 |
| overdraft | ||||
| change in cash | 4,067,889 | 110,649 | 147,822 | 175,169 |
friargate jv project limited Credit Report and Business Information
Friargate Jv Project Limited Competitor Analysis
Perform a competitor analysis for friargate jv project limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CV1 area or any other competitors across 12 key performance metrics.
friargate jv project limited Ownership
FRIARGATE JV PROJECT LIMITED group structure
Friargate Jv Project Limited has no subsidiary companies.
Ultimate parent company
FRIARGATE JV PROJECT LIMITED
11730348
friargate jv project limited directors
Friargate Jv Project Limited currently has 5 directors. The longest serving directors include Mr Michael Cannon (Dec 2018) and Mr Barry Hastie (Jan 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Cannon | 68 years | Dec 2018 | - | Director | |
| Mr Barry Hastie | United Kingdom | 55 years | Jan 2019 | - | Director |
| Mr Cathal Cannon | 71 years | Jan 2019 | - | Director | |
| Mr Owen Kirk | Ireland | 72 years | Jan 2019 | - | Director |
| Mr Richard Moon | 58 years | Jan 2019 | - | Director |
P&L
March 2023turnover
4.9m
+956%
operating profit
262.2k
-158%
gross margin
15.1%
+906.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
19.3m
+0.01%
total assets
22.3m
+0.01%
cash
4.5m
+9.38%
net assets
Total assets minus all liabilities
friargate jv project limited company details
company number
11730348
Type
Private limited with Share Capital
industry
41100 - Development of building projects
41202 - Construction of domestic buildings
41201 - Construction of commercial buildings
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
N/A
accountant
THOMAS N. DRENNAN & CO
auditor
-
address
eaton house 1 eaton road, coventry, CV1 2FJ
Bank
-
Legal Advisor
-
friargate jv project 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 friargate jv project limited.
friargate jv project 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.
Click to start generating capital raising & share issue transactions for FRIARGATE JV PROJECT LIMITED. This can take several minutes, an email will notify you when this has completed.
friargate jv project limited Companies House Filings - See Documents
| date | description | view/download |
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