Pomanda estimates the enterprise value of FLOTEK GROUP LIMITED at £430.2k based on a Turnover of £674.6k and 0.64x industry multiple (adjusted for size and gross margin).
flotek group limitedEstimated Valuation
£2.5m
Pomanda estimates the enterprise value of FLOTEK GROUP LIMITED at £2.5m based on an EBITDA of £580.8k and a 4.33x industry multiple (adjusted for size and gross margin).
flotek group limitedEstimated Valuation
£937.9k
Pomanda estimates the enterprise value of FLOTEK GROUP LIMITED at £937.9k based on Net Assets of £415.2k and 2.26x industry multiple (adjusted for liquidity).
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Flotek Group LimitedOverview
Flotek Group Limited is a live company located in bridgend, CF35 5LJ with a Companies House number of 13882299. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2022, it's largest shareholder is
malcolm holland
with a 30% stake. Flotek Group Limited is a startup,
small sized company, Pomanda has estimated its turnover at
£674.6k with
unknown
growth in recent years.
Pomanda's financial health check has awarded Flotek Group Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
2 Regular
5 Weak
Size
annual sales of £674.6k, make it smaller than the average company (£1.3m)
£674.6k - Flotek Group Limited
£1.3m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- - Flotek Group Limited
- - Industry AVG
Production
with a gross margin of 48%, this company has a comparable cost of product (48%)
48% - Flotek Group Limited
48% - Industry AVG
Profitability
an operating margin of 83.9% make it more profitable than the average company (6.7%)
83.9% - Flotek Group Limited
6.7% - Industry AVG
Employees
with 8 employees, this is below the industry average (13)
8 - Flotek Group Limited
13 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
£56.9k - Flotek Group Limited
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £84.3k, this is less efficient (£125.8k)
£84.3k - Flotek Group Limited
£125.8k - Industry AVG
Debtor Days
it gets paid by customers after 48 days, this is earlier than average (65 days)
48 days - Flotek Group Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (29 days)
100 days - Flotek Group Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Flotek Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Flotek Group Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 86.9%, this is a higher level of debt than the average (58.1%)
86.9% - Flotek Group Limited
58.1% - Industry AVG
FLOTEK GROUP LIMITED financials
EXPORT
Flotek Group Limited's latest turnover from June 2023 is estimated at £674.6 thousand and the company has net assets of £415.2 thousand. According to their latest financial statements, Flotek Group Limited has 8 employees and maintains cash reserves of £84.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Jun 2023
Jun 2022
Turnover
674,636
128,066
Other Income Or Grants
Cost Of Sales
350,628
68,383
Gross Profit
324,008
59,684
Admin Expenses
-241,689
71,284
Operating Profit
565,697
-11,600
Interest Payable
Interest Receivable
2,853
187
Pre-Tax Profit
568,549
-11,413
Tax
-142,137
Profit After Tax
426,412
-11,413
Dividends Paid
Retained Profit
426,412
-11,413
Employee Costs
455,148
105,507
Number Of Employees
8
2
EBITDA*
580,793
-11,600
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023
Jun 2022
Tangible Assets
28,126
1,926
Intangible Assets
32,261
704
Investments & Other
2,762,953
Debtors (Due After 1 year)
Total Fixed Assets
2,823,340
2,630
Stock & work in progress
Trade Debtors
89,681
Group Debtors
66,539
Misc Debtors
113,130
19,733
Cash
84,151
29,957
misc current assets
total current assets
353,501
49,690
total assets
3,176,841
52,320
Bank overdraft
Bank loan
Trade Creditors
96,238
20,491
Group/Directors Accounts
1,878,483
40,532
other short term finances
hp & lease commitments
other current liabilities
249,419
2,560
total current liabilities
2,224,140
63,583
loans
hp & lease commitments
Accruals and Deferred Income
450,504
other liabilities
80,000
provisions
7,031
total long term liabilities
537,535
total liabilities
2,761,675
63,583
net assets
415,166
-11,263
total shareholders funds
415,166
-11,263
Jun 2023
Jun 2022
Operating Activities
Operating Profit
565,697
-11,600
Depreciation
7,031
Amortisation
8,065
Tax
-142,137
Stock
Debtors
249,617
19,733
Creditors
75,747
20,491
Accruals and Deferred Income
697,363
2,560
Deferred Taxes & Provisions
7,031
Cash flow from operations
969,180
-8,282
Investing Activities
capital expenditure
-72,853
-2,630
Change in Investments
2,762,953
cash flow from investments
-2,835,806
-2,630
Financing Activities
Bank loans
Group/Directors Accounts
1,837,951
40,532
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
80,000
share issue
17
150
interest
2,853
187
cash flow from financing
1,920,821
40,869
cash and cash equivalents
cash
54,194
29,957
overdraft
change in cash
54,194
29,957
flotek group limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for flotek group limited. Get real-time insights into flotek group limited's credit score, group structure and payment trends.
Perform a competitor analysis for flotek group limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CF35 area or any other competitors across 12 key performance metrics.
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023
net assets
415.2k
-37.86%
total assets
3.2m
+59.72%
cash
84.2k
+1.81%
net assets
Total assets minus all liabilities
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flotek group limited company details
company number
13882299
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
January 2022
age
3
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
CLAY SHAW THOMAS LTD
auditor
-
address
4 old field road, pencoed, bridgend, CF35 5LJ
Bank
-
Legal Advisor
-
flotek group 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 flotek group limited. Currently there are 1 open charges and 0 have been satisfied in the past.
flotek group 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.
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flotek group limitedCompanies House Filings - See Documents
