the bankers benevolent fund
the bankers benevolent fund Company Information
Company Number
00019366
Website
http://bwcharity.org.ukRegistered Address
35 great st. helen's, london, EC3A 6AP
Industry
Social work activities without accommodation for the elderly and disabled
Other social work activities without accommodation n.e.c.
Telephone
02038738535
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
-0%
the bankers benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE BANKERS BENEVOLENT FUND at £1.3m based on a Turnover of £2.3m and 0.55x industry multiple (adjusted for size and gross margin).
the bankers benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE BANKERS BENEVOLENT FUND at £25.7m based on an EBITDA of £6m and a 4.26x industry multiple (adjusted for size and gross margin).
the bankers benevolent fund Estimated Valuation
Pomanda estimates the enterprise value of THE BANKERS BENEVOLENT FUND at £280.4m based on Net Assets of £91.8m and 3.06x industry multiple (adjusted for liquidity).
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The Bankers Benevolent Fund Overview
The Bankers Benevolent Fund is a live company located in london, EC3A 6AP with a Companies House number of 00019366. It operates in the social work activities without accommodation for the elderly and disabled sector, SIC Code 88100. Founded in January 1884, it's largest shareholder is unknown. The Bankers Benevolent Fund is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with healthy growth in recent years.
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The Bankers Benevolent Fund Health Check
Pomanda's financial health check has awarded The Bankers Benevolent Fund a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
2 Weak
Size
annual sales of £2.3m, make it larger than the average company (£481.5k)
£2.3m - The Bankers Benevolent Fund
£481.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (4.9%)
8% - The Bankers Benevolent Fund
4.9% - Industry AVG
Production
with a gross margin of 40.4%, this company has a comparable cost of product (40.4%)
40.4% - The Bankers Benevolent Fund
40.4% - Industry AVG
Profitability
an operating margin of 260% make it more profitable than the average company (3.3%)
260% - The Bankers Benevolent Fund
3.3% - Industry AVG
Employees
with 38 employees, this is above the industry average (15)
38 - The Bankers Benevolent Fund
15 - Industry AVG
Pay Structure
on an average salary of £60.9k, the company has a higher pay structure (£22.6k)
£60.9k - The Bankers Benevolent Fund
£22.6k - Industry AVG
Efficiency
resulting in sales per employee of £61.2k, this is more efficient (£35k)
£61.2k - The Bankers Benevolent Fund
£35k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Bankers Benevolent Fund
- - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is slower than average (7 days)
27 days - The Bankers Benevolent Fund
7 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Bankers Benevolent Fund
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 53 weeks, this is less cash available to meet short term requirements (250 weeks)
53 weeks - The Bankers Benevolent Fund
250 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1%, this is a lower level of debt than the average (11.6%)
1% - The Bankers Benevolent Fund
11.6% - Industry AVG
THE BANKERS BENEVOLENT FUND financials
The Bankers Benevolent Fund's latest turnover from March 2024 is £2.3 million and the company has net assets of £91.8 million. According to their latest financial statements, The Bankers Benevolent Fund has 38 employees and maintains cash reserves of £678.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,324,009 | 1,842,700 | 2,154,539 | 1,856,612 | 1,917,901 | 2,196,948 | 1,690,832 | 1,047,021 | 1,908,083 | 1,255,279 | 1,729,245 | 1,633,640 | 1,469,866 | 1,489,680 | 1,655,537 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 4,445,551 | -5,069,933 | 2,884,512 | 14,024,582 | -8,790,865 | -592,695 | -2,714,773 | -3,477,336 | -1,667,496 | -1,977,197 | -1,156,373 | -1,215,806 | -1,047,144 | -1,080,199 | -301,840 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 4,445,551 | -5,069,933 | 2,884,512 | 14,024,582 | -8,790,865 | -592,695 | -2,714,773 | -3,477,336 | -1,667,496 | -1,977,197 | -1,156,373 | -1,215,806 | -1,047,144 | -1,080,199 | -301,840 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,445,551 | -5,069,933 | 2,884,512 | 14,024,582 | -8,790,865 | -592,695 | -2,714,773 | -3,477,336 | -1,667,496 | -1,977,197 | -1,156,373 | -1,215,806 | -1,047,144 | -1,080,199 | -301,840 |
| Employee Costs | 2,313,754 | 1,914,493 | 1,862,898 | 1,985,410 | 1,951,147 | 1,579,459 | 1,506,553 | 1,356,223 | 1,077,631 | 992,575 | 891,932 | 681,344 | 613,446 | 478,335 | 355,780 |
| Number Of Employees | 38 | 34 | 33 | 35 | 32 | 29 | 27 | 25 | 20 | 16 | 15 | 116 | 11 | 8 | 7 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 5,979 | 15,108 | 23,875 | 28,863 | 89,022 | 149,182 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 91,615,010 | 89,945,774 | 92,190,845 | 95,567,194 | 81,866,418 | 85,305,497 | 84,664,476 | 48,746,503 | 47,264,300 | 50,060,915 | 47,137,325 | 46,931,600 | 44,494,725 | 45,125,521 | 43,766,462 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 91,615,010 | 89,945,774 | 92,196,824 | 95,582,302 | 81,890,293 | 85,334,360 | 84,753,498 | 48,895,685 | 47,264,300 | 50,060,915 | 47,137,325 | 46,931,600 | 44,494,725 | 45,125,521 | 43,766,462 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 124,250 | 202,057 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 576 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 395,510 | 244,938 | 268,678 | 296,113 | 258,831 | 230,393 | 257,839 | 181,323 | 7,378 | 56,602 | 11,710 | 8,412 | 171,823 | 205,677 | 237,761 |
| Cash | 678,495 | 673,984 | 746,237 | 363,332 | 965,842 | 834,475 | 501,547 | 42,130 | 166,332 | 632,805 | 1,187,169 | 187,712 | 134,100 | 205,021 | 400,386 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,074,005 | 918,922 | 1,014,915 | 659,445 | 1,224,673 | 1,064,868 | 759,386 | 224,029 | 173,710 | 689,407 | 1,323,129 | 398,181 | 305,923 | 410,698 | 638,147 |
| total assets | 92,689,015 | 90,864,696 | 93,211,739 | 96,241,747 | 83,114,966 | 86,399,228 | 85,512,884 | 49,119,714 | 47,438,010 | 50,750,322 | 48,460,454 | 47,329,781 | 44,800,648 | 45,536,219 | 44,404,609 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 2,692,841 | 15,480 | 5,824,636 | 6,451,709 | 975,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 102,760 | 134,277 | 36,083 | 81,984 | 57,833 | 114,266 | 117,936 | 184,172 | 135,026 | 100,486 | 133,921 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 560,319 | 703,615 | 756,280 | 802,717 | 1,045,869 | 909,321 | 923,690 | 642,086 | 643,111 | 546,922 | 626,558 | 764,086 | 472,570 | 533,035 | 511,749 |
| total current liabilities | 663,079 | 3,530,733 | 807,843 | 6,709,337 | 7,555,411 | 1,998,587 | 1,041,626 | 826,258 | 778,137 | 647,408 | 760,479 | 764,086 | 472,570 | 533,035 | 511,749 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 246,422 | 0 | 0 | 13,026 | 64,753 | 114,974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 246,422 | 0 | 0 | 13,026 | 64,753 | 114,974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 909,501 | 3,530,733 | 807,843 | 6,722,363 | 7,620,164 | 2,113,561 | 1,041,626 | 826,258 | 778,137 | 647,408 | 760,479 | 764,086 | 472,570 | 533,035 | 511,749 |
| net assets | 91,779,514 | 87,333,963 | 92,403,896 | 89,519,384 | 75,494,802 | 84,285,667 | 84,471,258 | 48,293,456 | 46,659,873 | 50,102,914 | 47,699,975 | 46,565,695 | 44,328,078 | 45,003,184 | 43,892,860 |
| total shareholders funds | 91,779,514 | 87,333,963 | 92,403,896 | 89,519,384 | 75,494,802 | 84,285,667 | 84,471,258 | 48,293,456 | 46,659,873 | 50,102,914 | 47,699,975 | 46,565,695 | 44,328,078 | 45,003,184 | 43,892,860 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 0 | 5,979 | 0 | 8,241 | 30,280 | 60,459 | 60,160 | 31,297 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 150,572 | -23,740 | -27,435 | 37,282 | 28,438 | -27,446 | 75,940 | 174,521 | -49,224 | -79,358 | -74,509 | 38,646 | -33,854 | -32,084 | 237,761 |
| Creditors | -31,517 | 98,194 | -45,901 | 24,151 | -56,433 | -3,670 | -66,236 | 49,146 | 34,540 | -33,435 | 133,921 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -143,296 | -52,665 | -46,437 | -243,152 | 136,548 | -14,369 | 281,604 | -1,025 | 96,189 | -79,636 | -137,528 | 291,516 | -60,465 | 21,286 | 511,749 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 2,128,551 | 3,448,237 | 1,021,070 | 1,456,546 | 2,084,929 | 1,016,548 | 1,002,834 | 831,464 | 323,407 |
| Change in Investments | 1,669,236 | -2,245,071 | -3,376,349 | 13,700,776 | -3,439,079 | 641,021 | 35,917,973 | 1,482,203 | -2,796,615 | 2,923,590 | 205,725 | 2,436,875 | -630,796 | 1,359,059 | 43,766,462 |
| cash flow from investments | -1,669,236 | 2,245,071 | 3,376,349 | -13,700,776 | 3,439,079 | -641,021 | -33,789,422 | 1,966,034 | 3,817,685 | -1,467,044 | 1,879,204 | -1,420,327 | 1,633,630 | -527,595 | -43,443,055 |
| Financing Activities | |||||||||||||||
| Bank loans | -2,692,841 | 2,677,361 | -5,809,156 | -627,073 | 5,476,709 | 975,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 246,422 | 0 | -13,026 | -51,727 | -50,221 | 114,974 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -2,446,419 | 2,677,361 | -5,822,182 | -678,800 | 5,426,488 | 1,497,078 | 38,892,575 | 5,110,919 | -1,775,545 | 4,380,136 | 2,290,653 | 3,453,423 | 372,038 | 2,190,523 | 44,194,700 |
| cash and cash equivalents | |||||||||||||||
| cash | 4,511 | -72,253 | 382,905 | -602,510 | 131,367 | 332,928 | 459,417 | -124,202 | -466,473 | -554,364 | 999,457 | 53,612 | -70,921 | -195,365 | 400,386 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,511 | -72,253 | 382,905 | -602,510 | 131,367 | 332,928 | 459,417 | -124,202 | -466,473 | -554,364 | 999,457 | 53,612 | -70,921 | -195,365 | 400,386 |
the bankers benevolent fund Credit Report and Business Information
The Bankers Benevolent Fund Competitor Analysis
Perform a competitor analysis for the bankers benevolent fund by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in EC3A area or any other competitors across 12 key performance metrics.
the bankers benevolent fund Ownership
THE BANKERS BENEVOLENT FUND group structure
The Bankers Benevolent Fund has no subsidiary companies.
Ultimate parent company
THE BANKERS BENEVOLENT FUND
00019366
the bankers benevolent fund directors
The Bankers Benevolent Fund currently has 14 directors. The longest serving directors include Mr Anthony Ramos (Nov 2004) and Ms Lillian Boyle (Oct 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Anthony Ramos | England | 66 years | Nov 2004 | - | Director |
| Ms Lillian Boyle | 66 years | Oct 2010 | - | Director | |
| Ms Rachel Claringbold | England | 57 years | Mar 2012 | - | Director |
| Mr Marco Evans | England | 40 years | Oct 2012 | - | Director |
| Ms Lena Breen | England | 50 years | Jun 2015 | - | Director |
| Mrs Beverley Horler | England | 62 years | Nov 2016 | - | Director |
| Ms Suzanne Hughes | England | 54 years | Feb 2017 | - | Director |
| Mr Duncan Stewart | England | 64 years | Sep 2020 | - | Director |
| Mrs Sharon Midwinter | England | 42 years | May 2023 | - | Director |
| Mr Charles Coldicott | England | 33 years | Aug 2024 | - | Director |
P&L
March 2024turnover
2.3m
+26%
operating profit
6m
0%
gross margin
40.4%
+6.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
91.8m
+0.05%
total assets
92.7m
+0.02%
cash
678.5k
+0.01%
net assets
Total assets minus all liabilities
the bankers benevolent fund company details
company number
00019366
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
88100 - Social work activities without accommodation for the elderly and disabled
88990 - Other social work activities without accommodation n.e.c.
incorporation date
January 1884
age
140
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
bank clerks orphans fund(the) (January 1988)
accountant
-
auditor
SAYER VINCENT LLP
address
35 great st. helen's, london, EC3A 6AP
Bank
COUTTS & CO
Legal Advisor
BATES WELL LLP
the bankers benevolent fund 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 the bankers benevolent fund.
the bankers benevolent fund Companies House Filings - See Documents
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