formaggio limited
formaggio limited Company Information
Company Number
SC290084
Website
pane-e-formaggio.comRegistered Address
15 dundonald road, dowanhill, glasgow, G12 9LL
Industry
Sound recording and music publishing activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Robert Hodgens19 Years
Shareholders
sabrina lucci 50%
robert anthony hodgens 50%
formaggio limited Estimated Valuation
Pomanda estimates the enterprise value of FORMAGGIO LIMITED at £3.6k based on a Turnover of £7.6k and 0.47x industry multiple (adjusted for size and gross margin).
formaggio limited Estimated Valuation
Pomanda estimates the enterprise value of FORMAGGIO LIMITED at £13.4k based on an EBITDA of £5.4k and a 2.46x industry multiple (adjusted for size and gross margin).
formaggio limited Estimated Valuation
Pomanda estimates the enterprise value of FORMAGGIO LIMITED at £15.2k based on Net Assets of £12.8k and 1.19x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Formaggio Limited Overview
Formaggio Limited is a live company located in glasgow, G12 9LL with a Companies House number of SC290084. It operates in the sound recording and music publishing activities sector, SIC Code 59200. Founded in September 2005, it's largest shareholder is sabrina lucci with a 50% stake. Formaggio Limited is a established, micro sized company, Pomanda has estimated its turnover at £7.6k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Formaggio Limited Health Check
Pomanda's financial health check has awarded Formaggio Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £7.6k, make it smaller than the average company (£496.9k)
- Formaggio Limited
£496.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -48%, show it is growing at a slower rate (10.2%)
- Formaggio Limited
10.2% - Industry AVG
Production
with a gross margin of 22%, this company has a higher cost of product (48.9%)
- Formaggio Limited
48.9% - Industry AVG
Profitability
an operating margin of 54% make it more profitable than the average company (9.7%)
- Formaggio Limited
9.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (3)
- Formaggio Limited
3 - Industry AVG
Pay Structure
on an average salary of £36.4k, the company has an equivalent pay structure (£36.4k)
- Formaggio Limited
£36.4k - Industry AVG
Efficiency
resulting in sales per employee of £7.6k, this is less efficient (£151k)
- Formaggio Limited
£151k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (30 days)
- Formaggio Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 485 days, this is slower than average (38 days)
- Formaggio Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Formaggio Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 119 weeks, this is more cash available to meet short term requirements (36 weeks)
119 weeks - Formaggio Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39.7%, this is a lower level of debt than the average (73.8%)
39.7% - Formaggio Limited
73.8% - Industry AVG
FORMAGGIO LIMITED financials
Formaggio Limited's latest turnover from March 2023 is estimated at £7.6 thousand and the company has net assets of £12.8 thousand. According to their latest financial statements, we estimate that Formaggio Limited has 1 employee and maintains cash reserves of £18.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 39,852 | 46,060 | 62,861 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | |||||||||||||
| Interest Receivable | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | 25,783 | 24,694 | 40,258 | |||||||||||
| Tax | -11,378 | -5,002 | -8,454 | |||||||||||
| Profit After Tax | 14,405 | 19,692 | 31,804 | |||||||||||
| Dividends Paid | 19,600 | 18,000 | 30,000 | |||||||||||
| Retained Profit | -5,195 | 1,692 | 1,804 | |||||||||||
| Employee Costs | 12,950 | 12,950 | ||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,726 | 2,880 | 3,553 | 5,302 | 6,094 | 6,976 | 3,284 | 2,888 | 3,741 | 3,772 | 2,022 | 1,138 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,726 | 2,880 | 3,553 | 5,302 | 6,094 | 6,976 | 3,284 | 2,888 | 3,741 | 3,772 | 2,022 | 1,138 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 291 | 0 | 0 | 0 | 341 | 0 | 0 | 0 | 0 | 76 | 102 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 508 | 0 | 0 |
| Cash | 18,195 | 21,183 | 25,832 | 15,840 | 382 | 11,993 | 12,637 | 10,268 | 20,438 | 41,455 | 8,894 | 10,498 | 11,770 | 14,644 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 18,486 | 21,183 | 25,832 | 15,840 | 723 | 11,993 | 12,637 | 10,268 | 20,438 | 41,531 | 8,996 | 11,006 | 11,770 | 14,644 |
| total assets | 21,212 | 24,063 | 29,385 | 21,142 | 6,817 | 18,969 | 15,921 | 13,156 | 24,179 | 45,303 | 11,018 | 12,144 | 11,770 | 14,644 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 7,892 | 14,718 | 17,918 | 15,149 | 12,498 | 17,135 | 0 | 0 | 17,973 | 20,500 | 9,008 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 11,515 | 10,221 | 0 | 0 | 0 | 0 | 704 | 1,782 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 2,717 | 2,029 | 0 | 0 | 0 | 11,768 | 5,723 | 9,211 |
| total current liabilities | 7,892 | 14,718 | 17,918 | 15,149 | 12,498 | 17,135 | 14,232 | 12,250 | 17,973 | 20,500 | 9,008 | 11,768 | 6,427 | 10,993 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 518 | 547 | 675 | 1,007 | 174 | 1,326 | 624 | 578 | 748 | 754 | 404 | 228 | 0 | 0 |
| total long term liabilities | 518 | 547 | 675 | 1,007 | 174 | 1,326 | 624 | 578 | 748 | 754 | 404 | 228 | 0 | 0 |
| total liabilities | 8,410 | 15,265 | 18,593 | 16,156 | 12,672 | 18,461 | 14,856 | 12,828 | 18,721 | 21,254 | 9,412 | 11,996 | 6,427 | 10,993 |
| net assets | 12,802 | 8,798 | 10,792 | 4,986 | -5,855 | 508 | 1,065 | 328 | 5,458 | 24,049 | 1,606 | 148 | 5,343 | 3,651 |
| total shareholders funds | 12,802 | 8,798 | 10,792 | 4,986 | -5,855 | 508 | 1,065 | 328 | 5,458 | 24,049 | 1,606 | 148 | 5,343 | 3,651 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 1,343 | 1,272 | 1,749 | 2,611 | 3,002 | 3,437 | 1,618 | 1,422 | 1,867 | 1,884 | 1,009 | 561 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -11,378 | -5,002 | -8,454 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 291 | 0 | 0 | -341 | 341 | 0 | 0 | 0 | -76 | -26 | -406 | 508 | 0 | 0 |
| Creditors | -6,826 | -3,200 | 2,769 | 2,651 | -4,637 | 17,135 | 0 | -17,973 | -2,527 | 11,492 | 9,008 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | -2,717 | 688 | 2,029 | 0 | 0 | -11,768 | 6,045 | -3,488 | 9,211 |
| Deferred Taxes & Provisions | -29 | -128 | -332 | 833 | -1,152 | 702 | 46 | -170 | -6 | 350 | 176 | 228 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -11,515 | 1,294 | 10,221 | 0 | 0 | 0 | -704 | -1,078 | 1,782 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | |||||||||||||
| cash flow from financing | -704 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -2,988 | -4,649 | 9,992 | 15,458 | -11,611 | -644 | 2,369 | -10,170 | -21,017 | 32,561 | -1,604 | -1,272 | -2,874 | 14,644 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,988 | -4,649 | 9,992 | 15,458 | -11,611 | -644 | 2,369 | -10,170 | -21,017 | 32,561 | -1,604 | -1,272 | -2,874 | 14,644 |
formaggio limited Credit Report and Business Information
Formaggio Limited Competitor Analysis
Perform a competitor analysis for formaggio limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in G12 area or any other competitors across 12 key performance metrics.
formaggio limited Ownership
FORMAGGIO LIMITED group structure
Formaggio Limited has no subsidiary companies.
Ultimate parent company
FORMAGGIO LIMITED
SC290084
formaggio limited directors
Formaggio Limited currently has 1 director, Mr Robert Hodgens serving since Sep 2005.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Hodgens | England | 67 years | Sep 2005 | - | Director |
P&L
March 2023turnover
7.6k
-86%
operating profit
4.1k
0%
gross margin
22.1%
+10.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
12.8k
+0.46%
total assets
21.2k
-0.12%
cash
18.2k
-0.14%
net assets
Total assets minus all liabilities
formaggio limited company details
company number
SC290084
Type
Private limited with Share Capital
industry
59200 - Sound recording and music publishing activities
incorporation date
September 2005
age
19
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
N/A
accountant
S D BUSINESS MANAGEMENT
auditor
-
address
15 dundonald road, dowanhill, glasgow, G12 9LL
Bank
-
Legal Advisor
-
formaggio 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 formaggio limited.
formaggio limited Companies House Filings - See Documents
| date | description | view/download |
|---|
