/https://files-crowdcube-com.s3.amazonaws.com/opportunity_images/29554/202202/blob_a42361ec0ae449d0397bce572a4b92a1 "OR PRODUCTIVITY LIMITED (Freehand)")
/https://files-crowdcube-com.s3.amazonaws.com/files/pitch_pics/original/202202/blob_d7f9c1f72911bfc1a47d54f33fa442e3 "OR PRODUCTIVITY LIMITED (Freehand)")
FreeHand is a robotic surgical camera controller that provides rock-steady images and precise control saving time and improving outcomes. With regulatory approval in the EU, US and Japan, Freehand is fundraising to support sales growth.
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Financial data drawn from last filed accounts don't necessarily reflect current trading activity. Financials provided by Company Check.
Accounts
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | £239.87k | £108.12k | £277.25k | £300.71k | £201.08k | - | - | - | - |
| Cash | £205.07k | £418.65k | £213.38k | £563.04k | £269.74k | £3.24k | £0 | £53.33k | £57 |
| Increase in Cash | £205.07k | £213.58k | £-205.27k | £349.66k | £-404.34k | - | - | - | - |
Profit & Loss
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Audit Fees | £12.5k | £14.5k | £14.5k | £14.5k | £26.6k | £0 | £0 | £0 | £0 |
| Cost of Sales | £25.05k | £19.49k | £124.84k | £146.75k | £95.86k | - | - | - | - |
| Depreciation | £16.74k | £10k | £29.65k | £61.55k | £76.46k | £0 | £0 | - | £737 |
| Directors Emoluments | £12.5k | £75.45k | £151.03k | £79.28k | £168.68k | - | - | - | - |
| Dividends | - | - | - | - | - | - | - | - | - |
| Export | - | - | - | - | - | - | - | - | - |
| Gross Profit | £214.82k | £88.63k | £152.41k | £153.96k | £105.23k | - | - | - | - |
| Interest Payments | £783 | £7.24k | £0 | £20.55k | £84.52k | - | - | - | - |
| Operating Profit | £-1.47m | £-896.73k | £-1.6m | £-942.82k | £-1.26m | - | - | - | - |
| Pretax Profit | £-1.47m | £-903.93k | £-1.6m | £-962.74k | £-1.34m | - | - | - | - |
| Profit after Tax | £-1.4m | £-849.76k | £-1.47m | £-934k | £-1.34m | - | - | - | - |
| Retained Profit | £-1.4m | £-849.76k | £-1.47m | £-934k | £-1.34m | - | - | - | - |
| Taxation | £62.19k | £54.16k | £126.15k | £28.74k | £0 | - | - | - | - |
| Turnover | £239.87k | £108.12k | £277.25k | £300.71k | £201.08k | - | - | - | - |
| Wages & Salaries | £1.04m | £484.49k | £525.04k | £509.53k | £604.28k | - | - | - | - |
Balance Sheet
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Intangible Assets | £307.86k | £290.08k | £259.29k | £228.51k | £291.93k | £0 | £0 | £568.46k | £568.46k |
| Bank Loans & Overdrafts | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Cash | £205.07k | £418.65k | £213.38k | £563.04k | £269.74k | £3.24k | £0 | £53.33k | £57 |
| Miscellaneous Current Assets | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £0 |
| Miscellaneous Current Liabilities | £733.81k | £319.43k | £787.72k | £310.34k | £441.15k | £409.11k | £0 | £0 | £0 |
| Other Debtors | £111.6k | £130.32k | £287.97k | £347.22k | £238.4k | £0 | £0 | £0 | £0 |
| Other Long Term Finance | £0 | £0 | £0 | £305.17k | £0 | £0 | £0 | £0 | £0 |
| Other Short Term Finance | £0 | £0 | £0 | £0 | £388.34k | £480.24k | £0 | £0 | £0 |
| Stock | £11.52k | £31.68k | £85.25k | £61.47k | £273.57k | £0 | £0 | £0 | £0 |
| Tangible Accounts | £19.21k | £62.99k | £143.85k | £158.39k | £132.18k | £561.82k | £561.82k | £1.66k | £920 |
| Total Current Assets | £366.59k | £603.4k | £659.64k | £1.12m | £862.69k | £4.17m | £4.24m | £4.79m | £6.04m |
| Total Current Liabilities | £875.15k | £384.36k | £835.5k | £431.87k | £1.04m | £944.18k | £1.09m | £581.98k | £1.6m |
| Total Fixed Assets | £327.07k | £353.07k | £403.14k | £386.9k | £424.11k | £561.82k | £561.82k | £570.11k | £569.38k |
| Total Long Term Finance | £0 | £0 | £0 | £305.17k | £0 | £0 | £0 | £495.5k | £436.32k |
| Trade Creditors | £141.35k | £64.93k | £47.78k | £121.53k | £210.9k | £54.83k | £1.09m | £581.98k | £1.6m |
| Trade Debtors | £38.39k | £22.75k | £73.04k | £152.35k | £80.97k | £4.17m | £4.24m | £4.74m | £6.04m |
Capital & Reserves
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Profit & Loss Account Reserve | £-1.4m | £-2.26m | £-3.73m | £-4.69m | £-5.95m | £-1.33m | £3.72m | £-1.51m | £-1.58m |
| Called up share capital | £9.36k | £25.68k | £37.04k | £52.05k | £54.42k | £59.57k | £0 | £5.54m | £5.69m |
| Revaluation Reserve | £0 | £0 | £0 | £0 | £0 | £0 | £0 | £263.19k | £464.65k |
| Shareholder Funds | £-181.49k | £572.11k | £227.28k | £773.92k | £246.41k | £3.79m | £3.72m | £4.29m | £4.57m |
| Sundry Reserves | £1.21m | £2.81m | £3.92m | £5.41m | £6.14m | £5.06m | £0 | £0 | £0 |
Cash
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Increase in Cash | £205.07k | £213.58k | £-205.27k | £349.66k | £-404.34k | - | - | - | - |
| Net Cash Flow Before Financing | £-1.02m | £-1.4m | £-1.25m | £-1.44m | £-1.5m | £0 | £0 | £0 | £0 |
| Net Cash Flow From Financing | £1.22m | £1.61m | £1.04m | £1.79m | £1.1m | - | - | - | - |
| Net Cash Flow From Operations | £-672.71k | £-1.4m | £-1.19m | £-1.49m | £-1.12m | - | - | - | - |
Other Financials
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Net Assets | £-181.49k | £572.11k | £227.28k | £773.92k | £246.41k | £3.79m | £3.72m | £4.29m | £4.57m |
| Net Worth | £-489.36k | £282.03k | £-32.01k | £545.41k | £-45.52k | £3.79m | £3.72m | £3.72m | £4m |
| Total Assets | £693.66k | £956.47k | £1.06m | £1.51m | £1.29m | £4.73m | £4.81m | £5.36m | £6.61m |
| Total Liabilities | £875.15k | £384.36k | £835.5k | £737.04k | £1.04m | £944.18k | £1.09m | £1.08m | £2.04m |
| Working Capital | £-508.56k | £219.04k | £-175.86k | £692.19k | £-177.7k | £3.23m | £3.15m | £4.21m | £4.44m |
Ratios
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|---|---|---|
| Creditor Days | 214.49% | 218.59% | 62.72% | 147.11% | 381.77% | 0% | 0% | 0% | 0% |
| Current Debt Ratio | -4.82% | 0.67% | 3.67% | 0.55% | 4.22% | 0.24% | 0.29% | 0.13% | 0.35% |
| Current Ratio | 0.42% | 1.57% | 0.79% | 2.6% | 0.83% | 4.42% | 3.89% | 8.24% | 3.77% |
| Debtor Days | 58.26% | 76.6% | 95.89% | 184.41% | 146.57% | 0% | 0% | 0% | 0% |
| Equity In Percentage | -47% | 85.9% | 28.3% | 60.3% | 24.8% | 80% | 77.3% | 89.4% | 75.7% |
| Gearing | 0% | 0% | 0% | 39.4% | 0% | 0% | 0% | 11.6% | 9.5% |
| Liquidity Ratio Or Acid Test | 0.4% | 1.48% | 0.68% | 2.46% | 0.56% | 4.41% | 3.89% | 8.23% | 3.77% |
| Pre Tax Profit Margin | -611.19% | -836.04% | -576.15% | -320.16% | -667.7% | 0% | 0% | 0% | 0% |
| Return On Capital Employed | 807.75% | -157.99% | -702.81% | -89.21% | -544.87% | 0% | 0% | 0% | 0% |
| Return On Net Assets Employed | 807.75% | -157.99% | -702.81% | -124.39% | -544.87% | 0% | 0% | 0% | 0% |
| Return On Total Assets Employed | -211.34% | -94.5% | -150.3% | -63.71% | -104.33% | 0% | 0% | 0% | 0% |
| Sales Or Net Working Capital | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Stock Turnover Ratio | 4.8% | 29.29% | 30.74% | 20.44% | 136.04% | 0% | 0% | 0% | 0% |
| Total Debt Ratio | -4.82% | 0.67% | 3.67% | 0.95% | 4.22% | 0.24% | 0.29% | 0.25% | 0.44% |