fly high investments ltd

2

fly high investments ltd Company Information

Share FLY HIGH INVESTMENTS LTD
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YoungMicroDeclining

Company Number

11804207

Website

-

Registered Address

168 church road, hove, BN3 2DL

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

 

Telephone

-

Next Accounts Due

December 2024

Group Structure

View All

Directors

Reinhardt Slabbert5 Years

Dean Gilbert5 Years

Shareholders

reinhardt slabbert 50%

dean raymond gilbert 50%

fly high investments ltd Estimated Valuation

£14.4k

Pomanda estimates the enterprise value of FLY HIGH INVESTMENTS LTD at £14.4k based on a Turnover of £4.6k and 3.14x industry multiple (adjusted for size and gross margin).

fly high investments ltd Estimated Valuation

£646.3k

Pomanda estimates the enterprise value of FLY HIGH INVESTMENTS LTD at £646.3k based on an EBITDA of £90.2k and a 7.17x industry multiple (adjusted for size and gross margin).

fly high investments ltd Estimated Valuation

£526.9k

Pomanda estimates the enterprise value of FLY HIGH INVESTMENTS LTD at £526.9k based on Net Assets of £325.3k and 1.62x industry multiple (adjusted for liquidity).

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Fly High Investments Ltd Overview

Fly High Investments Ltd is a live company located in hove, BN3 2DL with a Companies House number of 11804207. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in February 2019, it's largest shareholder is reinhardt slabbert with a 50% stake. Fly High Investments Ltd is a young, micro sized company, Pomanda has estimated its turnover at £4.6k with declining growth in recent years.

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Fly High Investments Ltd Health Check

Pomanda's financial health check has awarded Fly High Investments Ltd a 2 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

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £4.6k, make it smaller than the average company (£797.6k)

£4.6k - Fly High Investments Ltd

£797.6k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -72%, show it is growing at a slower rate (1.9%)

-72% - Fly High Investments Ltd

1.9% - Industry AVG

production

Production

with a gross margin of 75.4%, this company has a comparable cost of product (75.4%)

75.4% - Fly High Investments Ltd

75.4% - Industry AVG

profitability

Profitability

an operating margin of 1688.2% make it more profitable than the average company (36.9%)

1688.2% - Fly High Investments Ltd

36.9% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (4)

1 - Fly High Investments Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)

£30.4k - Fly High Investments Ltd

£30.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £4.6k, this is less efficient (£168.7k)

£4.6k - Fly High Investments Ltd

£168.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Fly High Investments Ltd

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 619 days, this is slower than average (37 days)

619 days - Fly High Investments Ltd

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Fly High Investments Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)

1 weeks - Fly High Investments Ltd

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 76.9%, this is a higher level of debt than the average (63.2%)

76.9% - Fly High Investments Ltd

63.2% - Industry AVG

FLY HIGH INVESTMENTS LTD financials

EXPORTms excel logo

Fly High Investments Ltd's latest turnover from March 2023 is estimated at £4.6 thousand and the company has net assets of £325.3 thousand. According to their latest financial statements, we estimate that Fly High Investments Ltd has 1 employee and maintains cash reserves of £4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020
Turnover4,6023,3280213,516
Other Income Or Grants0000
Cost Of Sales1,131848054,688
Gross Profit3,4712,4800158,828
Admin Expenses-74,219-384,550-42,248159,896
Operating Profit77,690387,03042,248-1,068
Interest Payable78,54225,81000
Interest Receivable3285310
Pre-Tax Profit-524361,27342,249-1,068
Tax0-68,642-8,0270
Profit After Tax-524292,63134,222-1,068
Dividends Paid0000
Retained Profit-524292,63134,222-1,068
Employee Costs30,37728,792054,784
Number Of Employees1102
EBITDA*90,188387,03042,248-1,068

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020
Tangible Assets1,057,1591,019,667585,6710
Intangible Assets0000
Investments & Other0000
Debtors (Due After 1 year)0000
Total Fixed Assets1,057,1591,019,667585,6710
Stock & work in progress000158,970
Trade Debtors0000
Group Debtors0000
Misc Debtors346,270347,92826,3730
Cash4,00811,4262,8200
misc current assets0000
total current assets350,278359,35429,193158,970
total assets1,407,4371,379,021614,864158,970
Bank overdraft0000
Bank loan0000
Trade Creditors 1,9201,44100
Group/Directors Accounts106,059106,763503,382144,998
other short term finances0000
hp & lease commitments0000
other current liabilities83,22787,95178,32615,038
total current liabilities191,206196,155581,708160,036
loans767,770764,75000
hp & lease commitments0000
Accruals and Deferred Income0000
other liabilities30,869000
provisions92,32992,32900
total long term liabilities890,968857,07900
total liabilities1,082,1741,053,234581,708160,036
net assets325,263325,78733,156-1,066
total shareholders funds325,263325,78733,156-1,066
Mar 2023Mar 2022Mar 2021Mar 2020
Operating Activities
Operating Profit77,690387,03042,248-1,068
Depreciation12,498000
Amortisation0000
Tax0-68,642-8,0270
Stock00-158,970158,970
Debtors-1,658321,55526,3730
Creditors4791,44100
Accruals and Deferred Income-4,7249,62563,28815,038
Deferred Taxes & Provisions092,32900
Cash flow from operations87,601100,228230,106-145,000
Investing Activities
capital expenditure-49,990-433,996-585,6710
Change in Investments0000
cash flow from investments-49,990-433,996-585,6710
Financing Activities
Bank loans0000
Group/Directors Accounts-704-396,619358,384144,998
Other Short Term Loans 0000
Long term loans3,020764,75000
Hire Purchase and Lease Commitments0000
other long term liabilities30,869000
share issue0002
interest-78,214-25,75710
cash flow from financing-45,029342,374358,385145,000
cash and cash equivalents
cash-7,4188,6062,8200
overdraft0000
change in cash-7,4188,6062,8200

fly high investments ltd 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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Fly High Investments Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fly high investments ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in BN3 area or any other competitors across 12 key performance metrics.

fly high investments ltd Ownership

FLY HIGH INVESTMENTS LTD group structure

Fly High Investments Ltd has no subsidiary companies.

Ultimate parent company

FLY HIGH INVESTMENTS LTD

11804207

FLY HIGH INVESTMENTS LTD Shareholders

reinhardt slabbert 50%
dean raymond gilbert 50%

fly high investments ltd directors

Fly High Investments Ltd currently has 2 directors. The longest serving directors include Mr Reinhardt Slabbert (Feb 2019) and Mr Dean Gilbert (Feb 2019).

officercountryagestartendrole
Mr Reinhardt SlabbertUnited Kingdom40 years Feb 2019- Director
Mr Dean GilbertUnited Kingdom65 years Feb 2019- Director

P&L

March 2023

turnover

4.6k

+38%

operating profit

77.7k

0%

gross margin

75.5%

+1.24%

turnover

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

Balance Sheet

March 2023

net assets

325.3k

0%

total assets

1.4m

+0.02%

cash

4k

-0.65%

net assets

Total assets minus all liabilities

fly high investments ltd company details

company number

11804207

Type

Private limited with Share Capital

industry

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

February 2019

age

5

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2023

previous names

N/A

accountant

UHY HACKER YOUNG

auditor

-

address

168 church road, hove, BN3 2DL

Bank

-

Legal Advisor

-

fly high investments 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 found 4 charges/mortgages relating to fly high investments ltd. Currently there are 4 open charges and 0 have been satisfied in the past.

charges

fly high investments ltd Companies House Filings - See Documents

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