frontrow energy technology group limited
frontrow energy technology group limited Company Information
Company Number
SC549911
Next Accounts
Sep 2025
Shareholders
frank wilkie summers
stuart edward ferguson
View AllGroup Structure
View All
Industry
Other personal service activities n.e.c.
Registered Address
2 marischal square, broad street, aberdeen, AB10 1DQ
Website
www.frontrow-energy.co.ukfrontrow energy technology group limited Estimated Valuation
Pomanda estimates the enterprise value of FRONTROW ENERGY TECHNOLOGY GROUP LIMITED at £29.7m based on a Turnover of £26.9m and 1.1x industry multiple (adjusted for size and gross margin).
frontrow energy technology group limited Estimated Valuation
Pomanda estimates the enterprise value of FRONTROW ENERGY TECHNOLOGY GROUP LIMITED at £11.7m based on an EBITDA of £1.6m and a 7.27x industry multiple (adjusted for size and gross margin).
frontrow energy technology group limited Estimated Valuation
Pomanda estimates the enterprise value of FRONTROW ENERGY TECHNOLOGY GROUP LIMITED at £0 based on Net Assets of £-19.7m and 1.96x industry multiple (adjusted for liquidity).
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Frontrow Energy Technology Group Limited Overview
Frontrow Energy Technology Group Limited is a live company located in aberdeen, AB10 1DQ with a Companies House number of SC549911. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 2016, it's largest shareholder is frank wilkie summers with a 47.5% stake. Frontrow Energy Technology Group Limited is a young, large sized company, Pomanda has estimated its turnover at £26.9m with high growth in recent years.
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Frontrow Energy Technology Group Limited Health Check
Pomanda's financial health check has awarded Frontrow Energy Technology Group Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £26.9m, make it larger than the average company (£1.2m)
£26.9m - Frontrow Energy Technology Group Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.9%)
24% - Frontrow Energy Technology Group Limited
7.9% - Industry AVG
Production
with a gross margin of 38.6%, this company has a comparable cost of product (41.7%)
38.6% - Frontrow Energy Technology Group Limited
41.7% - Industry AVG
Profitability
an operating margin of -1.8% make it less profitable than the average company (6.4%)
-1.8% - Frontrow Energy Technology Group Limited
6.4% - Industry AVG
Employees
with 179 employees, this is above the industry average (15)
179 - Frontrow Energy Technology Group Limited
15 - Industry AVG
Pay Structure
on an average salary of £68k, the company has a higher pay structure (£34.5k)
£68k - Frontrow Energy Technology Group Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £150.5k, this is more efficient (£104.4k)
£150.5k - Frontrow Energy Technology Group Limited
£104.4k - Industry AVG
Debtor Days
it gets paid by customers after 67 days, this is later than average (31 days)
67 days - Frontrow Energy Technology Group Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (40 days)
50 days - Frontrow Energy Technology Group Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 74 days, this is more than average (40 days)
74 days - Frontrow Energy Technology Group Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (38 weeks)
47 weeks - Frontrow Energy Technology Group Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 173.2%, this is a higher level of debt than the average (48.1%)
173.2% - Frontrow Energy Technology Group Limited
48.1% - Industry AVG
FRONTROW ENERGY TECHNOLOGY GROUP LIMITED financials
Frontrow Energy Technology Group Limited's latest turnover from December 2023 is £26.9 million and the company has net assets of -£19.7 million. According to their latest financial statements, Frontrow Energy Technology Group Limited has 179 employees and maintains cash reserves of £4.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 26,936,231 | 25,981,518 | 16,193,089 | 14,180,289 | 19,410,831 | 8,212,807 | 4,399,250 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 16,550,651 | 14,150,283 | 9,859,584 | 9,076,909 | 13,715,626 | 5,764,155 | 3,402,973 |
| Gross Profit | 10,385,580 | 11,831,235 | 6,333,505 | 5,103,380 | 5,695,205 | 2,448,652 | 996,277 |
| Admin Expenses | 10,879,851 | 10,017,592 | 7,975,114 | 6,744,372 | 7,763,840 | 4,292,462 | 3,058,673 |
| Operating Profit | -494,271 | 1,813,643 | -1,641,609 | -1,640,992 | -2,068,635 | -1,843,810 | -2,062,396 |
| Interest Payable | 3,561,821 | 3,442,309 | 3,005,213 | 2,506,247 | 2,123,343 | 1,171,784 | 820,679 |
| Interest Receivable | 403,261 | 350,284 | 318,677 | 287,963 | 276,429 | 303,853 | 162,665 |
| Pre-Tax Profit | -3,824,499 | -1,274,657 | -4,746,737 | -4,268,545 | -4,203,862 | -3,095,536 | -2,732,016 |
| Tax | -167,107 | -70,595 | 77,300 | 190,389 | 354,396 | -39,019 | 66,864 |
| Profit After Tax | -3,991,606 | -1,345,252 | -4,669,437 | -4,078,156 | -3,849,466 | -3,134,555 | -2,665,152 |
| Dividends Paid | |||||||
| Retained Profit | -3,594,590 | -1,758,863 | -3,891,016 | -3,275,686 | -2,975,269 | -3,134,555 | -2,665,152 |
| Employee Costs | 12,171,268 | 9,102,160 | 9,164,599 | 6,665,813 | 7,342,874 | 3,055,704 | 2,541,760 |
| Number Of Employees | 179 | 177 | 140 | 111 | 127 | 111 | 39 |
| EBITDA* | 1,615,672 | 3,916,881 | 103,769 | -277,990 | -833,676 | -1,504,206 | -1,844,469 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,055,947 | 1,828,984 | 1,902,385 | 1,675,599 | 2,059,158 | 1,632,847 | 483,081 |
| Intangible Assets | 2,300,231 | 3,496,852 | 4,571,628 | 2,052,206 | 2,567,326 | 3,124,024 | 486,952 |
| Investments & Other | 5,003,479 | 5,365,314 | 5,771,411 | 5,236,041 | 5,353,384 | 3,806,972 | 4,067,661 |
| Debtors (Due After 1 year) | 1,377,868 | 113,133 | |||||
| Total Fixed Assets | 9,359,657 | 10,691,150 | 12,245,424 | 8,963,846 | 9,979,868 | 9,941,711 | 5,150,827 |
| Stock & work in progress | 3,372,595 | 2,729,282 | 2,280,221 | 1,681,837 | 1,625,454 | 1,813,219 | 37,094 |
| Trade Debtors | 4,979,680 | 5,996,957 | 3,011,977 | 1,913,399 | 2,719,120 | 2,054,342 | 691,830 |
| Group Debtors | 2,129,887 | 2,037,185 | 1,823,189 | 1,422,059 | 1,048,299 | 745,207 | |
| Misc Debtors | 2,241,315 | 1,622,157 | 1,330,956 | 910,398 | 1,440,154 | 1,023,251 | 563,187 |
| Cash | 4,769,136 | 4,637,484 | 4,210,620 | 4,528,378 | 3,316,976 | 3,599,003 | 1,639,049 |
| misc current assets | |||||||
| total current assets | 17,492,613 | 17,023,065 | 12,656,963 | 10,456,071 | 10,150,003 | 9,235,022 | 2,931,160 |
| total assets | 26,852,270 | 27,714,215 | 24,902,387 | 19,419,917 | 20,129,871 | 19,176,733 | 8,081,987 |
| Bank overdraft | |||||||
| Bank loan | 500,000 | 500,000 | |||||
| Trade Creditors | 2,272,612 | 1,631,478 | 1,151,570 | 478,337 | 1,045,272 | 1,237,611 | 310,148 |
| Group/Directors Accounts | |||||||
| other short term finances | 280,816 | ||||||
| hp & lease commitments | 73,514 | 65,591 | 74,143 | 435,274 | 459,965 | 90,784 | 61,224 |
| other current liabilities | 2,102,949 | 2,566,347 | 2,142,018 | 1,013,250 | 1,042,166 | 1,047,278 | 365,730 |
| total current liabilities | 5,229,891 | 4,763,416 | 3,367,731 | 1,926,861 | 2,547,403 | 2,375,673 | 737,102 |
| loans | 41,165,013 | 38,626,085 | 35,867,723 | 28,165,731 | 24,890,615 | 20,967,652 | 9,689,355 |
| hp & lease commitments | 110,935 | 176,109 | 15,868 | 90,547 | 421,570 | 3,616 | 25,510 |
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | 167,051 | 140,247 | |||||
| total long term liabilities | 41,275,948 | 38,969,245 | 36,023,838 | 28,256,278 | 25,312,185 | 20,971,268 | 9,714,865 |
| total liabilities | 46,505,839 | 43,732,661 | 39,391,569 | 30,183,139 | 27,859,588 | 23,346,941 | 10,451,967 |
| net assets | -19,653,569 | -16,018,446 | -14,489,182 | -10,763,222 | -7,729,717 | -4,170,208 | -2,369,980 |
| total shareholders funds | -19,653,569 | -16,018,446 | -14,489,182 | -10,763,222 | -7,729,717 | -4,170,208 | -2,369,980 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -494,271 | 1,813,643 | -1,641,609 | -1,640,992 | -2,068,635 | -1,843,810 | -2,062,396 |
| Depreciation | 785,584 | 773,035 | 693,891 | 608,515 | 534,395 | 156,671 | 109,060 |
| Amortisation | 1,324,359 | 1,330,203 | 1,051,487 | 754,487 | 700,564 | 182,933 | 108,867 |
| Tax | -167,107 | -70,595 | 77,300 | 190,389 | 354,396 | -39,019 | 66,864 |
| Stock | 643,313 | 449,061 | 598,384 | 56,383 | -187,765 | 1,776,125 | 37,094 |
| Debtors | -305,417 | 3,490,177 | 1,920,266 | -961,717 | 6,905 | 3,832,518 | 1,368,150 |
| Creditors | 641,134 | 479,908 | 673,233 | -566,935 | -192,339 | 927,463 | 310,148 |
| Accruals and Deferred Income | -463,398 | 424,329 | 1,128,768 | -28,916 | -5,112 | 681,548 | 365,730 |
| Deferred Taxes & Provisions | -167,051 | 26,804 | 140,247 | ||||
| Cash flow from operations | 1,121,354 | 838,089 | -395,333 | 221,882 | -495,871 | -5,542,857 | -2,506,971 |
| Investing Activities | |||||||
| capital expenditure | -4,004,423 | -6,298,548 | |||||
| Change in Investments | -361,835 | -406,097 | 535,370 | -117,343 | 1,546,412 | -260,689 | 4,067,661 |
| cash flow from investments | 361,835 | 406,097 | -535,370 | 117,343 | -1,546,412 | -3,743,734 | -10,366,209 |
| Financing Activities | |||||||
| Bank loans | 500,000 | ||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | 280,816 | ||||||
| Long term loans | 2,538,928 | 2,758,362 | 7,701,992 | 3,275,116 | 3,922,963 | 11,278,297 | 9,689,355 |
| Hire Purchase and Lease Commitments | -57,251 | 151,689 | -435,810 | -355,714 | 787,135 | 7,666 | 86,734 |
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -3,158,560 | -3,092,025 | -2,686,536 | -2,218,284 | -1,846,914 | -867,931 | -658,014 |
| cash flow from financing | -436,600 | 547,625 | 4,744,702 | 943,299 | 2,278,944 | 11,752,359 | 9,413,247 |
| cash and cash equivalents | |||||||
| cash | 131,652 | 426,864 | -317,758 | 1,211,402 | -282,027 | 1,959,954 | 1,639,049 |
| overdraft | |||||||
| change in cash | 131,652 | 426,864 | -317,758 | 1,211,402 | -282,027 | 1,959,954 | 1,639,049 |
frontrow energy technology group limited Credit Report and Business Information
Frontrow Energy Technology Group Limited Competitor Analysis
Perform a competitor analysis for frontrow energy technology group limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other large companies, companies in AB10 area or any other competitors across 12 key performance metrics.
frontrow energy technology group limited Ownership
FRONTROW ENERGY TECHNOLOGY GROUP LIMITED group structure
Frontrow Energy Technology Group Limited has 5 subsidiary companies.
Ultimate parent company
FRONTROW ENERGY TECHNOLOGY GROUP LIMITED
SC549911
5 subsidiaries
frontrow energy technology group limited directors
Frontrow Energy Technology Group Limited currently has 7 directors. The longest serving directors include Mr Frank Summers (Nov 2016) and Mr Stuart Ferguson (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Frank Summers | England | 54 years | Nov 2016 | - | Director |
| Mr Stuart Ferguson | Scotland | 58 years | Jan 2017 | - | Director |
| Mr Neil McGuinness | 57 years | Jan 2017 | - | Director | |
| Mr Colin Smith | United Kingdom | 69 years | Jan 2017 | - | Director |
| Mr Graeme Coutts | United Kingdom | 65 years | Jan 2017 | - | Director |
| Mr Richard Pugh | Scotland | 40 years | Feb 2022 | - | Director |
| Mr Stephen Kent | Scotland | 58 years | Jul 2024 | - | Director |
P&L
December 2023turnover
26.9m
+4%
operating profit
-494.3k
-127%
gross margin
38.6%
-15.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-19.7m
+0.23%
total assets
26.9m
-0.03%
cash
4.8m
+0.03%
net assets
Total assets minus all liabilities
frontrow energy technology group limited company details
company number
SC549911
Type
Private limited with Share Capital
industry
96090 - Other personal service activities n.e.c.
incorporation date
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
2 marischal square, broad street, aberdeen, AB10 1DQ
Bank
-
Legal Advisor
-
frontrow energy technology 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 did not find charges/mortgages relating to frontrow energy technology group limited.
frontrow energy technology group limited Capital Raised & Share Issues BETA
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frontrow energy technology group limited Companies House Filings - See Documents
| date | description | view/download |
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