Fastnet Wealth Management Ltd

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fastnet wealth management ltd Company Information

Company Number

SC453127

Next Accounts

Mar 2025

Directors

Mary Coughlan

Shareholders

mary coughlan

alisdair macconnachie

Group Structure

View All

Industry

Fund management activities

Registered Address

12 montrose gardens, milngavie, glasgow, G62 8NQ

Website

fastnet wealth management ltd Estimated Valuation

£146.9k

Pomanda estimates the enterprise value of FASTNET WEALTH MANAGEMENT LTD at £146.9k based on a Turnover of £169.1k and 0.87x industry multiple (adjusted for size and gross margin).

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Fastnet Wealth Management Ltd is a dissolved company that was located in glasgow, G62 8NQ with a Companies House number of SC453127. It operated in the fund management activities sector, SIC Code 66300. Founded in June 2013, it's largest shareholder was mary coughlan with a 95% stake. The last turnover for Fastnet Wealth Management Ltd was estimated at £169.1k.

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Pomanda's financial health check has awarded Fastnet Wealth Management Ltd a 1.5 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

Health Rating1.5out of 5

1 Strong

2 Regular

7 Weak

Size

annual sales of £169.1k, make it smaller than the average company (£2.7m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.8%)

EXPORT

Fastnet Wealth Management Ltd's latest turnover from March 2023 is estimated at £169.1 thousand and the company has net assets of £24.8 thousand. According to their latest financial statements, we estimate that Fastnet Wealth Management Ltd has 1 employee and maintains cash reserves of 0 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
Turnover	169,100	188,283	176,208	238,923	251,046	115,050	108,603	35,222	33,784	42,329
Other Income Or Grants
Cost Of Sales	52,160	62,942	66,199	98,360	104,170	48,526	51,526	16,394	18,045	28,180
Gross Profit	116,940	125,341	110,008	140,563	146,876	66,525	57,076	18,828	15,739	14,148
Admin Expenses	134,383	134,363	139,578	109,609	85,760	62,385	53,471	30,735	12,404	2,368
Operating Profit	-17,443	-9,022	-29,570	30,954	61,116	4,140	3,605	-11,907	3,335	11,780
Interest Payable
Interest Receivable							21	105	107	44
Pre-Tax Profit	-17,443	-9,022	-29,570	30,954	61,116	4,140	3,626	-11,802	3,442	11,823
Tax				-5,881	-11,612	-787	-725		-723	-2,719
Profit After Tax	-17,443	-9,022	-29,570	25,073	49,504	3,353	2,901	-11,802	2,719	9,104
Dividends Paid
Retained Profit	-17,443	-9,022	-29,570	25,073	49,504	3,353	2,901	-11,802	2,719	9,104
Employee Costs	159,676	153,190	134,469	126,475	131,714	129,948	117,750	120,247	120,056	112,619
Number Of Employees	1	1	1	1	1	1	1	1	1	1
EBITDA*	-17,443	-9,022	-29,570	30,954	61,116	4,140	3,605	-11,652	3,590	12,035

* 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
Tangible Assets									255	510
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets									255	510
Stock & work in progress
Trade Debtors	42,257	44,420	53,622	96,722	100,126	28,357	26,853	7,696	8,158	10,419
Group Debtors
Misc Debtors
Cash								16,979	25,215	17,489
misc current assets
total current assets	42,257	44,420	53,622	96,722	100,126	28,357	26,853	24,675	33,373	27,908
total assets	42,257	44,420	53,622	96,722	100,126	28,357	26,853	24,675	33,628	28,418
Bank overdraft
Bank loan
Trade Creditors	17,440	2,160	2,340	15,870	44,347	22,082	23,931	24,653	21,804	19,313
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	17,440	2,160	2,340	15,870	44,347	22,082	23,931	24,653	21,804	19,313
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	17,440	2,160	2,340	15,870	44,347	22,082	23,931	24,653	21,804	19,313
net assets	24,817	42,260	51,282	80,852	55,779	6,275	2,922	22	11,824	9,105
total shareholders funds	24,817	42,260	51,282	80,852	55,779	6,275	2,922	22	11,824	9,105

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014
Operating Activities
Operating Profit	-17,443	-9,022	-29,570	30,954	61,116	4,140	3,605	-11,907	3,335	11,780
Depreciation								255	255	255
Amortisation
Tax				-5,881	-11,612	-787	-725		-723	-2,719
Stock
Debtors	-2,163	-9,202	-43,100	-3,404	71,769	1,504	19,157	-462	-2,261	10,419
Creditors	15,280	-180	-13,530	-28,477	22,265	-1,849	-722	2,849	2,491	19,313
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations							-16,999	-8,341	7,619	18,210
Investing Activities
capital expenditure										-765
Change in Investments
cash flow from investments										-765
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							-1			1
interest							21	105	107	44
cash flow from financing							20	105	107	45
cash and cash equivalents
cash							-16,979	-8,236	7,726	17,489
overdraft
change in cash							-16,979	-8,236	7,726	17,489

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for fastnet wealth management ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in G62 area or any other competitors across 12 key performance metrics.

FASTNET WEALTH MANAGEMENT LTD group structure

Fastnet Wealth Management Ltd has no subsidiary companies.

Ultimate parent company

FASTNET WEALTH MANAGEMENT LTD

SC453127

FASTNET WEALTH MANAGEMENT LTD Shareholders

mary coughlan	95%
alisdair macconnachie	5%

Fastnet Wealth Management Ltd currently has 1 director, Ms Mary Coughlan serving since Jun 2013.

officer	country	age	start	end	role
Ms Mary Coughlan	Scotland	58 years	Jun 2013	-	Director

P&L

March 2023

turnover

169.1k

-10%

operating profit

-17.4k

gross margin

69.2%

+3.88%

turnover

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

Balance Sheet

March 2023

net assets

24.8k

-0.41%

total assets

42.3k

-0.05%

cash

net assets

Total assets minus all liabilities

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company number

SC453127

Type

Private limited with Share Capital

industry

66300 - Fund management activities

incorporation date

June 2013

ultimate parent company

None

previous names

N/A

address

12 montrose gardens, milngavie, glasgow, G62 8NQ

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 fastnet wealth management ltd.

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fastnet wealth management ltd Company Information

fastnet wealth management ltd Estimated Valuation

fastnet wealth management ltd Estimated Valuation

fastnet wealth management ltd Estimated Valuation

Fastnet Wealth Management Ltd Overview

Fastnet Wealth Management Ltd Health Check

FASTNET WEALTH MANAGEMENT LTD financials

fastnet wealth management ltd Credit Report and Business Information

Fastnet Wealth Management Ltd Competitor Analysis

fastnet wealth management ltd Ownership

fastnet wealth management ltd directors

fastnet wealth management ltd company details

fastnet wealth management ltd Charges & Mortgages

fastnet wealth management ltd Capital Raised & Share Issues BETA

fastnet wealth management ltd Companies House Filings - See Documents