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Flowrite services ltd
Registration Number
02739113Incorporation Date
12/08/1992Last Annual Return
Not availableAddress
Airedale House Battye Street, Bradford, West Yorkshire. BD4 8AG
Website
www.flowriteservices.co.ukAudit Fees
£27,000Secretary
Not available
Directors
Active
Mr Robert Howard Bywell (52 yrs)
Active
Mr Adnan Velic (44 yrs)
Active
Ms Charlotte Elizabeth Bywell (45 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 9716 | 11102 | 14410 | 16930 | 19977 |
| Directors Fees | 218 | 9 | 0 | 0 | 0 |
| Gross Profits | 1501 | 2224 | 2819 | 3257 | 3843 |
| Value Added | 4235 | 4906 | 6307 | 7643 | 8440 |
| Trading Profit | -4 | 760 | 923 | 1286 | 1621 |
| Depreciation | 14 | 12 | 13 | 26 | |
| Non-Trading Income | 0 | 0 | 0 | 0 | 0 |
| Total Interest Charges | 2 | 7 | 53 | 19 | 23 |
| Pre-tax Profit | -20 | 741 | 857 | 1241 | 1567 |
| Retained Profit (Shareholders Funds) | -30 | 600 | 644 | 1693 | 745 |
| Fixed Assets | 318 | 311 | 302 | 730 | 876 |
| Intangibles | 51 | 28 | 3 | 0 | 0 |
| Intermediate Assets | 0 | 0 | 0 | 0 | 0 |
| Stocks | 758 | 768 | 1077 | 1287 | 1519 |
| Debtors | 2087 | 2196 | 2367 | 2179 | 2571 |
| Cash or Equivalent | 2297 | 3306 | 4174 | 5399 | 4828 |
| Total Current Assets | 5142 | 6270 | 7618 | 8865 | 8918 |
| Creditors | 1286 | 1620 | 1733 | 1998 | 2711 |
| Short Term Borrowing | 0 | 8 | 0 | 1419 | 0 |
| Other Current Liabilities | 1783 | 1940 | 2495 | 726 | 871 |
| Total Current Liabilities | 3069 | 3568 | 4228 | 4143 | 3582 |
| Net Current Assets | 2073 | 2702 | 3390 | 4722 | 5336 |
| Shareholders Funds | 2441 | 3041 | 3685 | 5378 | 6123 |
| Total Loan Capital | 0 | 0 | 0 | 0 | 0 |
| Other Capital Employed | 0 | 0 | 10 | 74 | 89 |
| Total Capital Employed | 2441 | 3041 | 3695 | 5452 | 6212 |
| Pretax Profit Margin % | -0.21 | 6.67 | 5.95 | 7.33 | 7.84 |
| Sales Growth % | -33 | 14 | 30 | 17 | 18 |
| Pretax Profit Growth % | -103 | 3805 | 16 | 45 | 26.27 |
| Debtor Ratio Days | 78 | 72 | 60 | 47 | 46.8491435321914 |
| Creditor Ratio Days | 48 | 53 | 44 | 43 | 49.4012285883048 |
| Stock Turnover | 13 | 14 | 13 | 13 | 13.1546231546232 |
| Sales £000 / Employee | 78 | 102 | 115 | 118 | 130.230769230769 |
| Value Added £000/Empl. | 34 | 45 | 50 | 53 | 55.0195567144718 |
| Av. Remun. £000 / Empl. | 34 | 38 | 43 | 44 | 44.4545454545455 |
| Total Empl. Remu. £000 | 4239 | 4146 | 5384 | 6357 | 6819.3272727273 |
| Employees | 125 | 109 | 125 | 143 | 153.400000000001 |
| Pretax Profit/Total Assets % | 0 | 11 | 11 | 13 | 16 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 17.5% in the latest year, well above the industry average of 6.9%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 7.3% in the latest year, well above the industry average of 5.9%.
- Pretax Profit Margin has markedly improved from 5.9% to 7.3% in the latest year.
- The Profitability chart shows a well above average pretax profit return on total assets in the latest year
- The company is among the Top 7 companies listed as a Best Trading Partner (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 4 in terms of Value Added.
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
- The company is among the Top 10 in terms of Pretax Profit Return on Owners Funds.
- The company is among the Top 5 Cash Rich companies.
- The company is among the Top 49 companies listed under the Pretax Profits category (see section 3.2c).
Company Summary
The company currently has £16.9m sales and made £1.2m, by following the proposal plan, sales would rise to £20.0m and profits would rise to £1.6m.
Key Attractiveness Features
- ADD £16.9m TO SALES
- FEW DIRECTORS
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 31-Dec-20 | 31-Dec-21 | 31-Dec-22 | 31-Dec-23 | 29-Dec-24 |
| Total Sales (£000) | 9716 | 11102 | 14410 | 16930 | 19977 |
| Pre-tax Profit (£000) | -20 | 741 | 857 | 1241 | 1567 |
| Total Value (£000) | 4214 | 7088 | 8299 | 10496 | 12916 |
| Asset Value (£000) | 3214 | 3303 | 3749 | 4196 | 4966 |
| Goodwill (£000) | 1000 | 3785 | 4550 | 6300 | 7950 |
| Liabilities (£000) | -772 | -262 | -64 | 1182 | 1157 |
| Equity Value (£000) | 3442 | 6826 | 8235 | 11678 | 14073 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
FLOWRITE REFRIGERATION HOLDINGS LTD (100.0%)
Immediate Shareholder: See Shareholders
Subsidiaries
None
Acquisition / Valuation Comments
This company has been established 33 years.
The number of shareholders is low (1)
The value of the company has risen in each of the last 2 years.
The value of the company has fluctuated in the last 2 years.
The total value of the company is currently £10.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 16% return on total assets.
The company's value would increase by 23% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 20%.
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