fortus hardware limited
fortus hardware limited Company Information
Company Number
NI630499
Website
http://profast.co.ukRegistered Address
26-30 rydalmere street, donegall road, belfast, BT12 6GF
Industry
Wholesale of hardware, plumbing and heating equipment and supplies
Telephone
02890243215
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
profast group limited 100%
fortus hardware limited Estimated Valuation
The estimated valuation range for fortus hardware limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £1.1m to £2.3m
fortus hardware limited Estimated Valuation
The estimated valuation range for fortus hardware limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £1.1m to £2.3m
fortus hardware limited Estimated Valuation
The estimated valuation range for fortus hardware limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £1.1m to £2.3m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Fortus Hardware Limited Overview
Fortus Hardware Limited is a live company located in belfast, BT12 6GF with a Companies House number of NI630499. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in April 2015, it's largest shareholder is profast group limited with a 100% stake. Fortus Hardware Limited is a young, small sized company, Pomanda has estimated its turnover at £3.5m with healthy growth in recent years.
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Fortus Hardware Limited Health Check
Pomanda's financial health check has awarded Fortus Hardware Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£18.5m)
- Fortus Hardware Limited
£18.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (5.9%)
- Fortus Hardware Limited
5.9% - Industry AVG
Production
with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)
- Fortus Hardware Limited
27.5% - Industry AVG
Profitability
an operating margin of 8.6% make it more profitable than the average company (7.1%)
- Fortus Hardware Limited
7.1% - Industry AVG
Employees
with 7 employees, this is below the industry average (61)
7 - Fortus Hardware Limited
61 - Industry AVG
Pay Structure
on an average salary of £40.4k, the company has an equivalent pay structure (£40.4k)
- Fortus Hardware Limited
£40.4k - Industry AVG
Efficiency
resulting in sales per employee of £503.8k, this is more efficient (£336.4k)
- Fortus Hardware Limited
£336.4k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (54 days)
- Fortus Hardware Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is slower than average (46 days)
- Fortus Hardware Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 145 days, this is more than average (94 days)
- Fortus Hardware Limited
94 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Fortus Hardware Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.7%, this is a similar level of debt than the average (51.2%)
47.7% - Fortus Hardware Limited
51.2% - Industry AVG
fortus hardware limited Credit Report and Business Information
Fortus Hardware Limited Competitor Analysis
Perform a competitor analysis for fortus hardware limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
fortus hardware limited Ownership
FORTUS HARDWARE LIMITED group structure
Fortus Hardware Limited has no subsidiary companies.
Ultimate parent company
2 parents
FORTUS HARDWARE LIMITED
NI630499
fortus hardware limited directors
Fortus Hardware Limited currently has 2 directors. The longest serving directors include Mr Philip Gregg (Apr 2015) and Mr Brendan Flynn (Apr 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Gregg | 64 years | Apr 2015 | - | Director | |
| Mr Brendan Flynn | 70 years | Apr 2015 | - | Director |
FORTUS HARDWARE LIMITED financials
Fortus Hardware Limited's latest turnover from December 2022 is estimated at £3.5 million and the company has net assets of £1.3 million. According to their latest financial statements, Fortus Hardware Limited has 7 employees and maintains cash reserves of £72.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 7 | 7 | 8 | 8 | 9 | 7 | 6 | 6 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,438 | 18,439 | 16,139 | 13,680 | 18,439 | 10,177 | 12,209 | 18,732 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,438 | 18,439 | 16,139 | 13,680 | 18,439 | 10,177 | 12,209 | 18,732 |
| Stock & work in progress | 1,023,298 | 990,057 | 787,034 | 707,451 | 735,995 | 638,716 | 581,706 | 508,752 |
| Trade Debtors | 784,338 | 428,831 | 578,353 | 470,728 | 711,730 | 597,442 | 740,893 | 631,462 |
| Group Debtors | 484,111 | 556,700 | 271,791 | 449,222 | 303,419 | 69,000 | 28,900 | 15,000 |
| Misc Debtors | 35,516 | 47,395 | 21,620 | 3,614 | 4,123 | 14,040 | 3,929 | 2,964 |
| Cash | 72,331 | 6,968 | 190,615 | 9,630 | 11,964 | 39,198 | 7,660 | 1,017 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,399,594 | 2,029,951 | 1,849,413 | 1,640,645 | 1,767,231 | 1,358,396 | 1,363,088 | 1,159,195 |
| total assets | 2,417,032 | 2,048,390 | 1,865,552 | 1,654,325 | 1,785,670 | 1,368,573 | 1,375,297 | 1,177,927 |
| Bank overdraft | 0 | 8,546 | 123,958 | 140,265 | 42,815 | 0 | 11,621 | 137,356 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 464,665 | 434,194 | 454,484 | 409,719 | 553,796 | 441,556 | 458,709 | 415,076 |
| Group/Directors Accounts | 22,462 | 71,726 | 15,484 | 37,036 | 19,626 | 833 | 5,962 | 104,819 |
| other short term finances | 580,164 | 338,640 | 0 | 0 | 1,391 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 525,226 | 0 | 0 | 0 |
| other current liabilities | 85,963 | 142,278 | 96,945 | 406,396 | 63,092 | 508,708 | 632,130 | 458,932 |
| total current liabilities | 1,153,254 | 995,384 | 690,871 | 993,416 | 1,205,946 | 951,097 | 1,108,422 | 1,116,183 |
| loans | 0 | 0 | 301,042 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 1,605 | 298 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,605 | 301,340 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,153,254 | 996,989 | 992,211 | 993,416 | 1,205,946 | 951,097 | 1,108,422 | 1,116,183 |
| net assets | 1,263,778 | 1,051,401 | 873,341 | 660,909 | 579,724 | 417,476 | 266,875 | 61,744 |
| total shareholders funds | 1,263,778 | 1,051,401 | 873,341 | 660,909 | 579,724 | 417,476 | 266,875 | 61,744 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 7,313 | 6,150 | 4,739 | 5,426 | 7,712 | 6,883 | 6,523 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||
| Stock | 33,241 | 203,023 | 79,583 | -28,544 | 97,279 | 57,010 | 72,954 | 508,752 |
| Debtors | 271,039 | 161,162 | -51,800 | -95,708 | 338,790 | -93,240 | 124,296 | 649,426 |
| Creditors | 30,471 | -20,290 | 44,765 | -144,077 | 112,240 | -17,153 | 43,633 | 415,076 |
| Accruals and Deferred Income | -56,315 | 45,333 | -309,451 | 343,304 | -445,616 | -123,422 | 173,198 | 458,932 |
| Deferred Taxes & Provisions | -1,605 | 1,307 | 298 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -49,264 | 56,242 | -21,552 | 17,410 | 18,793 | -5,129 | -98,857 | 104,819 |
| Other Short Term Loans | 241,524 | 338,640 | 0 | -1,391 | 1,391 | 0 | 0 | 0 |
| Long term loans | 0 | -301,042 | 301,042 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -525,226 | 525,226 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 65,363 | -183,647 | 180,985 | -2,334 | -27,234 | 31,538 | 6,643 | 1,017 |
| overdraft | -8,546 | -115,412 | -16,307 | 97,450 | 42,815 | -11,621 | -125,735 | 137,356 |
| change in cash | 73,909 | -68,235 | 197,292 | -99,784 | -70,049 | 43,159 | 132,378 | -136,339 |
P&L
December 2022turnover
3.5m
+35%
operating profit
304.9k
0%
gross margin
27.5%
+3.57%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.3m
+0.2%
total assets
2.4m
+0.18%
cash
72.3k
+9.38%
net assets
Total assets minus all liabilities
fortus hardware limited company details
company number
NI630499
Type
Private limited with Share Capital
industry
46740 - Wholesale of hardware, plumbing and heating equipment and supplies
incorporation date
April 2015
age
9
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
26-30 rydalmere street, donegall road, belfast, BT12 6GF
last accounts submitted
December 2022
fortus hardware 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 3 charges/mortgages relating to fortus hardware limited. Currently there are 3 open charges and 0 have been satisfied in the past.
fortus hardware limited Companies House Filings - See Documents
| date | description | view/download |
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