fitrite south ltd
fitrite south ltd Company Information
Company Number
12502113
Next Accounts
253 days late
Directors
Shareholders
fitrite fencing & decking ltd
Group Structure
View All
Industry
Manufacture of other plastic products
Registered Address
the shard 32, london bridge street, london, SE1 9SG
Website
fitrite.infofitrite south ltd Estimated Valuation
Pomanda estimates the enterprise value of FITRITE SOUTH LTD at £134.2k based on a Turnover of £388k and 0.35x industry multiple (adjusted for size and gross margin).
fitrite south ltd Estimated Valuation
Pomanda estimates the enterprise value of FITRITE SOUTH LTD at £364.2k based on an EBITDA of £137.7k and a 2.65x industry multiple (adjusted for size and gross margin).
fitrite south ltd Estimated Valuation
Pomanda estimates the enterprise value of FITRITE SOUTH LTD at £724k based on Net Assets of £396.3k and 1.83x industry multiple (adjusted for liquidity).
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Fitrite South Ltd Overview
Fitrite South Ltd is a live company located in london, SE1 9SG with a Companies House number of 12502113. It operates in the manufacture of other plastic products sector, SIC Code 22290. Founded in March 2020, it's largest shareholder is fitrite fencing & decking ltd with a 100% stake. Fitrite South Ltd is a young, micro sized company, Pomanda has estimated its turnover at £388k with unknown growth in recent years.
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Fitrite South Ltd Health Check
Pomanda's financial health check has awarded Fitrite South Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £388k, make it smaller than the average company (£15.2m)
- Fitrite South Ltd
£15.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Fitrite South Ltd
- - Industry AVG
Production
with a gross margin of 19.3%, this company has a higher cost of product (27.7%)
- Fitrite South Ltd
27.7% - Industry AVG
Profitability
an operating margin of 34.9% make it more profitable than the average company (6.4%)
- Fitrite South Ltd
6.4% - Industry AVG
Employees
with 5 employees, this is below the industry average (89)
5 - Fitrite South Ltd
89 - Industry AVG
Pay Structure
on an average salary of £35k, the company has an equivalent pay structure (£35k)
- Fitrite South Ltd
£35k - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is less efficient (£160k)
- Fitrite South Ltd
£160k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Fitrite South Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (44 days)
- Fitrite South Ltd
44 days - Industry AVG
Stock Days
it holds stock equivalent to 207 days, this is more than average (63 days)
- Fitrite South Ltd
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Fitrite South Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.7%, this is a similar level of debt than the average (46.1%)
44.7% - Fitrite South Ltd
46.1% - Industry AVG
FITRITE SOUTH LTD financials
Fitrite South Ltd's latest turnover from September 2022 is estimated at £388 thousand and the company has net assets of £396.3 thousand. According to their latest financial statements, Fitrite South Ltd has 5 employees and maintains cash reserves of £8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|
| 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 | 5 | 4 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|
| Tangible Assets | 1,735 | 3,814 | 5,890 |
| Intangible Assets | |||
| Investments & Other | |||
| Debtors (Due After 1 year) | |||
| Total Fixed Assets | 1,735 | 3,814 | 5,890 |
| Stock & work in progress | 177,935 | 134,409 | 69,161 |
| Trade Debtors | |||
| Group Debtors | 510,240 | 318,982 | 123,310 |
| Misc Debtors | 18,710 | 69,727 | 26,500 |
| Cash | 8,020 | 11,933 | 2,355 |
| misc current assets | |||
| total current assets | 714,905 | 535,051 | 221,326 |
| total assets | 716,640 | 538,865 | 227,216 |
| Bank overdraft | |||
| Bank loan | |||
| Trade Creditors | 6,285 | 9,328 | 11,292 |
| Group/Directors Accounts | |||
| other short term finances | |||
| hp & lease commitments | |||
| other current liabilities | 314,055 | 243,242 | 104,554 |
| total current liabilities | 320,340 | 252,570 | 115,846 |
| loans | |||
| hp & lease commitments | |||
| Accruals and Deferred Income | |||
| other liabilities | |||
| provisions | |||
| total long term liabilities | |||
| total liabilities | 320,340 | 252,570 | 115,846 |
| net assets | 396,300 | 286,295 | 111,370 |
| total shareholders funds | 396,300 | 286,295 | 111,370 |
| Sep 2022 | Sep 2021 | Sep 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 2,079 | 2,076 | 346 |
| Amortisation | |||
| Tax | |||
| Stock | 43,526 | 65,248 | 69,161 |
| Debtors | 140,241 | 238,899 | 149,810 |
| Creditors | -3,043 | -1,964 | 11,292 |
| Accruals and Deferred Income | 70,813 | 138,688 | 104,554 |
| 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 | -3,913 | 9,578 | 2,355 |
| overdraft | |||
| change in cash | -3,913 | 9,578 | 2,355 |
fitrite south ltd Credit Report and Business Information
Fitrite South Ltd Competitor Analysis
Perform a competitor analysis for fitrite south ltd by selecting its closest rivals, whether from the MANUFACTURING sector, other micro companies, companies in SE1 area or any other competitors across 12 key performance metrics.
fitrite south ltd Ownership
FITRITE SOUTH LTD group structure
Fitrite South Ltd has no subsidiary companies.
fitrite south ltd directors
Fitrite South Ltd currently has 1 director, Mr Paul Allott serving since May 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Allott | 43 years | May 2023 | - | Director |
P&L
September 2022turnover
388k
+35%
operating profit
135.6k
0%
gross margin
19.4%
-1.47%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
396.3k
+0.38%
total assets
716.6k
+0.33%
cash
8k
-0.33%
net assets
Total assets minus all liabilities
Similar Companies
fitrite south ltd company details
company number
12502113
Type
Private limited with Share Capital
industry
22290 - Manufacture of other plastic products
incorporation date
March 2020
age
5
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
September 2022
previous names
N/A
accountant
-
auditor
-
address
the shard 32, london bridge street, london, SE1 9SG
Bank
-
Legal Advisor
-
fitrite south 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 fitrite south ltd.
fitrite south 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.
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fitrite south ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
