Pomanda estimates the enterprise value of FORRIT HOLDINGS LIMITED at £903.2k based on a Turnover of £1.3m and 0.72x industry multiple (adjusted for size and gross margin).
forrit holdings limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of FORRIT HOLDINGS LIMITED at £0 based on an EBITDA of £-142 and a 4.65x industry multiple (adjusted for size and gross margin).
forrit holdings limitedEstimated Valuation
£13.6m
Pomanda estimates the enterprise value of FORRIT HOLDINGS LIMITED at £13.6m based on Net Assets of £6.3m and 2.17x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Forrit Holdings LimitedOverview
Forrit Holdings Limited is a live company located in edinburgh, EH1 3EG with a Companies House number of SC562197. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2017, it's largest shareholder is
peter proud
with a 33.3% stake. Forrit Holdings Limited is a young,
small sized company, Pomanda has estimated its turnover at
£1.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Forrit Holdings Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating1out of 5
0 Strong
3 Regular
4 Weak
Size
annual sales of £1.3m, make it smaller than the average company (£7.4m)
£1.3m - Forrit Holdings Limited
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8%)
-1% - Forrit Holdings Limited
8% - Industry AVG
Production
with a gross margin of 51.3%, this company has a comparable cost of product (51.3%)
51.3% - Forrit Holdings Limited
51.3% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (3.5%)
0% - Forrit Holdings Limited
3.5% - Industry AVG
Employees
with 7 employees, this is below the industry average (44)
7 - Forrit Holdings Limited
44 - Industry AVG
Pay Structure
on an average salary of £74.4k, the company has an equivalent pay structure (£74.4k)
£74.4k - Forrit Holdings Limited
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £178.8k, this is equally as efficient (£178.8k)
£178.8k - Forrit Holdings Limited
£178.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Forrit Holdings Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Forrit Holdings Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Forrit Holdings Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Forrit Holdings Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Forrit Holdings Limited
- - Industry AVG
FORRIT HOLDINGS LIMITED financials
EXPORT
Forrit Holdings Limited's latest turnover from December 2023 is estimated at £1.3 million and the company has net assets of £6.3 million. According to their latest financial statements, Forrit Holdings Limited has 7 employees and maintains cash reserves of 0 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
1,251,347
1,367,831
1,277,744
1,272,771
796,539
763,994
Other Income Or Grants
Cost Of Sales
608,894
650,211
605,353
609,709
382,222
360,279
Gross Profit
642,453
717,620
672,391
663,063
414,317
403,715
Admin Expenses
642,596
682,425
676,660
672,499
416,572
331,523
1,060,664
Operating Profit
-143
35,195
-4,269
-9,436
-2,255
72,192
-1,060,664
Interest Payable
6,750
6,750
Interest Receivable
40
57
5
2
184
930
500
Pre-Tax Profit
-103
35,252
-4,264
-9,434
-8,821
66,372
-1,060,164
Tax
-6,698
-12,611
Profit After Tax
-103
28,554
-4,264
-9,434
-8,821
53,761
-1,060,164
Dividends Paid
Retained Profit
-103
28,554
-4,264
-9,434
-8,821
53,761
-1,060,164
Employee Costs
520,473
563,780
538,725
505,839
307,861
300,637
Number Of Employees
7
8
8
8
5
5
EBITDA*
-143
35,195
-4,269
-9,436
-2,255
72,192
-1,060,664
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Tangible Assets
Intangible Assets
Investments & Other
1
1
1
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
1
1
1
1
1
1
1
Stock & work in progress
Trade Debtors
Group Debtors
6,255,117
1,398,109
298,018
297,843
298,737
152,038
Misc Debtors
900
900
900
900
850
850
850
Cash
1,523
1,742
1,996
1,158
47,930
200,001
misc current assets
total current assets
6,256,017
1,400,532
300,660
300,739
300,745
200,818
200,851
total assets
6,256,018
1,400,533
300,661
300,740
300,746
200,819
200,852
Bank overdraft
Bank loan
Trade Creditors
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
28,682
24,497
15,119
6,371
60,165
total current liabilities
28,682
24,497
15,119
6,371
60,165
loans
200,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
300,000
300,000
300,000
200,000
provisions
total long term liabilities
300,000
300,000
300,000
200,000
200,000
total liabilities
328,682
324,497
315,119
206,371
260,165
net assets
6,256,018
1,400,533
-28,021
-23,757
-14,373
-5,552
-59,313
total shareholders funds
6,256,018
1,400,533
-28,021
-23,757
-14,373
-5,552
-59,313
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Operating Activities
Operating Profit
-143
35,195
-4,269
-9,436
-2,255
72,192
-1,060,664
Depreciation
Amortisation
Tax
-6,698
-12,611
Stock
Debtors
4,857,008
1,100,091
175
-844
146,699
152,038
850
Creditors
Accruals and Deferred Income
-28,682
4,185
9,378
8,748
-53,794
60,165
Deferred Taxes & Provisions
Cash flow from operations
-4,857,151
-1,100,276
-259
786
-140,206
-146,251
-1,001,349
Investing Activities
capital expenditure
Change in Investments
1
cash flow from investments
-1
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-200,000
200,000
Hire Purchase and Lease Commitments
other long term liabilities
-300,000
300,000
-200,000
200,000
share issue
4,855,588
1,400,000
50
1,000,851
interest
40
57
5
2
-6,566
-5,820
500
cash flow from financing
4,855,628
1,100,057
5
52
93,434
-5,820
1,201,351
cash and cash equivalents
cash
-1,523
-219
-254
838
-46,772
-152,071
200,001
overdraft
change in cash
-1,523
-219
-254
838
-46,772
-152,071
200,001
forrit holdings 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 forrit holdings limited. Get real-time insights into forrit holdings limited's credit score, group structure and payment trends.
Perform a competitor analysis for forrit holdings limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in EH1 area or any other competitors across 12 key performance metrics.
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 forrit holdings limited.
forrit holdings 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.
Click to start generating capital raising & share issue transactions for FORRIT HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
forrit holdings limitedCompanies House Filings - See Documents
