clarence finance limited

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clarence finance limited Company Information

Share CLARENCE FINANCE LIMITED

Company Number

00535632

Shareholders

howard henry crocker

paul jacob crocker

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Group Structure

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Industry

Development of building projects

 

Registered Address

5th floor grove house, 248a marylebone road, london, NW1 6BB

Website

-

clarence finance limited Estimated Valuation

£173.5k

Pomanda estimates the enterprise value of CLARENCE FINANCE LIMITED at £173.5k based on a Turnover of £367.3k and 0.47x industry multiple (adjusted for size and gross margin).

clarence finance limited Estimated Valuation

£3.2m

Pomanda estimates the enterprise value of CLARENCE FINANCE LIMITED at £3.2m based on an EBITDA of £881.2k and a 3.63x industry multiple (adjusted for size and gross margin).

clarence finance limited Estimated Valuation

£12.7m

Pomanda estimates the enterprise value of CLARENCE FINANCE LIMITED at £12.7m based on Net Assets of £8.5m and 1.49x industry multiple (adjusted for liquidity).

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Clarence Finance Limited Overview

Clarence Finance Limited is a live company located in london, NW1 6BB with a Companies House number of 00535632. It operates in the development of building projects sector, SIC Code 41100. Founded in July 1954, it's largest shareholder is howard henry crocker with a 33% stake. Clarence Finance Limited is a mature, micro sized company, Pomanda has estimated its turnover at £367.3k with declining growth in recent years.

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Clarence Finance Limited Health Check

Pomanda's financial health check has awarded Clarence Finance Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £367.3k, make it smaller than the average company (£2m)

£367.3k - Clarence Finance Limited

£2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -81%, show it is growing at a slower rate (0.4%)

-81% - Clarence Finance Limited

0.4% - Industry AVG

production

Production

with a gross margin of 23.7%, this company has a comparable cost of product (23.7%)

23.7% - Clarence Finance Limited

23.7% - Industry AVG

profitability

Profitability

an operating margin of 239.9% make it more profitable than the average company (8.8%)

239.9% - Clarence Finance Limited

8.8% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (6)

4 - Clarence Finance Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £44.4k, the company has an equivalent pay structure (£44.4k)

£44.4k - Clarence Finance Limited

£44.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £91.8k, this is less efficient (£264.7k)

£91.8k - Clarence Finance Limited

£264.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (34 days)

0 days - Clarence Finance Limited

34 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Clarence Finance Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 58 days, this is less than average (211 days)

58 days - Clarence Finance Limited

211 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 560 weeks, this is more cash available to meet short term requirements (14 weeks)

560 weeks - Clarence Finance Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 2.3%, this is a lower level of debt than the average (76.4%)

2.3% - Clarence Finance Limited

76.4% - Industry AVG

CLARENCE FINANCE LIMITED financials

EXPORTms excel logo

Clarence Finance Limited's latest turnover from July 2021 is estimated at £367.3 thousand and the company has net assets of £8.5 million. According to their latest financial statements, Clarence Finance Limited has 4 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Turnover367,282379,967413,89850,388,17523,912,65416,300,90716,517,1511,475,1501,498,943689,5901,158,6111,579,6990
Other Income Or Grants0000000000000
Cost Of Sales280,181281,850299,15035,882,57716,598,96211,548,41011,790,5501,058,7351,058,592500,457851,5691,142,7440
Gross Profit87,10098,118114,74814,505,5987,313,6924,752,4974,726,600416,415440,351189,133307,042436,9550
Admin Expenses-794,111-399,265-1,900,43113,372,3417,212,2693,722,1061,318,319271,253396,311166,256303,058374,234-1,335,946
Operating Profit881,211497,3832,015,1791,133,257101,4231,030,3913,408,281145,16244,04022,8773,98462,7211,335,946
Interest Payable0000000000000
Interest Receivable2,4013,88519,11402,42110,5196,9502,3131,8385,6169,3695,011461
Pre-Tax Profit883,612501,2682,034,2931,133,257103,8431,040,9103,415,231147,47545,87828,49313,35367,7321,336,407
Tax-167,886-95,241-386,516-215,319-19,730-208,182-683,046-30,970-10,552-6,838-3,472-18,965-374,194
Profit After Tax715,726406,0271,647,777917,93884,113832,7282,732,185116,50535,32621,6559,88148,767962,213
Dividends Paid0000000000000
Retained Profit715,726406,0271,647,777917,93884,113832,7282,732,185116,50535,32621,6559,88148,767962,213
Employee Costs177,470172,328171,016211,831207,950208,0562,117,606224,249217,141108,872173,895235,7580
Number Of Employees44455553663570
EBITDA*881,211497,3832,015,1791,133,257101,4231,030,3913,408,281145,16244,04022,8773,98462,7211,335,946

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Tangible Assets000335,489388,16500000000
Intangible Assets0000000000000
Investments & Other0019400388,165633,016858,297858,297858,297858,297858,297857,115
Debtors (Due After 1 year)6,107,2834,898,2634,200,4500000000000
Total Fixed Assets6,107,2834,898,2634,200,644335,489388,165388,165633,016858,297858,297858,297858,297858,297857,115
Stock & work in progress45,000105,233226,8690000000000
Trade Debtors774641,2098,650,6954,769,8282,870,5791,952,245166,656164,01270,829150,463218,9273,511,578
Group Debtors0000000000000
Misc Debtors445,816317,169168,1630000000000
Cash2,130,5232,672,3065,096,978001,936,4252,271,151508,926416,323318,9061,927,4901,820,193184,337
misc current assets0000000000000
total current assets2,621,4163,095,1725,493,2198,650,6954,769,8284,807,0044,223,396675,582580,335389,7352,077,9532,039,1203,695,915
total assets8,728,6997,993,4359,693,8638,986,1845,157,9935,195,1694,856,4121,533,8791,438,6321,248,0322,936,2502,897,4174,553,030
Bank overdraft0000000000000
Bank loan0000000000000
Trade Creditors 0003,224,873314,620185,812679,78389,435110,69364,56475,29246,3401,750,720
Group/Directors Accounts0000000000000
other short term finances0000000000000
hp & lease commitments0000000000000
other current liabilities197,761178,2232,284,6780000000000
total current liabilities197,761178,2232,284,6783,224,873314,620185,812679,78389,435110,69364,56475,29246,3401,750,720
loans0000000000000
hp & lease commitments0000000000000
Accruals and Deferred Income0000000000000
other liabilities00000250,000250,000250,000250,000140,8551,840,0001,840,0001,840,000
provisions0000000000000
total long term liabilities00000250,000250,000250,000250,000140,8551,840,0001,840,0001,840,000
total liabilities197,761178,2232,284,6783,224,873314,620435,812929,783339,435360,693205,4191,915,2921,886,3403,590,720
net assets8,530,9387,815,2127,409,1855,761,3114,843,3734,759,3573,926,6291,194,4441,077,9391,042,6131,020,9581,011,077962,310
total shareholders funds8,530,9387,815,2127,409,1855,761,3114,843,3734,759,3573,926,6291,194,4441,077,9391,042,6131,020,9581,011,077962,310
Jul 2021Jul 2020Jul 2019Jul 2018Jul 2017Jul 2016Jul 2015Jul 2014Jul 2013Jul 2012Jul 2011Jul 2010Jul 2009
Operating Activities
Operating Profit881,211497,3832,015,1791,133,257101,4231,030,3913,408,281145,16244,04022,8773,98462,7211,335,946
Depreciation0000000000000
Amortisation0000000000000
Tax-167,886-95,241-386,516-215,319-19,730-208,182-683,046-30,970-10,552-6,838-3,472-18,965-374,194
Stock-60,233-121,636226,8690000000000
Debtors1,337,280846,074-4,280,8733,880,8671,899,249918,3341,785,5892,64493,183-79,634-68,464-3,292,6513,511,578
Creditors00-3,224,8732,910,253128,808-493,971590,348-21,25846,129-10,72828,952-1,704,3801,750,720
Accruals and Deferred Income19,538-2,106,4552,284,6780000000000
Deferred Taxes & Provisions0000000000000
Cash flow from operations-544,184-2,428,7514,742,472-52,676-1,688,748-590,0961,529,99490,290-13,56684,94597,9281,632,027-799,106
Investing Activities
capital expenditure00335,48952,676-388,16500000000
Change in Investments0-1941940-388,165-244,851-225,28100001,182857,115
cash flow from investments0194335,29552,6760244,851225,2810000-1,182-857,115
Financing Activities
Bank loans0000000000000
Group/Directors Accounts0000000000000
Other Short Term Loans 0000000000000
Long term loans0000000000000
Hire Purchase and Lease Commitments0000000000000
other long term liabilities0000-250,000000109,145-1,699,145001,840,000
share issue00970-97000000097
interest2,4013,88519,11402,42110,5196,9502,3131,8385,6169,3695,011461
cash flow from financing2,4013,88519,2110-247,67610,5196,9502,313110,983-1,693,5299,3695,0111,840,558
cash and cash equivalents
cash-541,783-2,424,6725,096,9780-1,936,425-334,7261,762,22592,60397,417-1,608,584107,2971,635,856184,337
overdraft0000000000000
change in cash-541,783-2,424,6725,096,9780-1,936,425-334,7261,762,22592,60397,417-1,608,584107,2971,635,856184,337

clarence finance limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Clarence Finance Limited Competitor Analysis

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Perform a competitor analysis for clarence finance limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in NW1 area or any other competitors across 12 key performance metrics.

clarence finance limited Ownership

CLARENCE FINANCE LIMITED group structure

Clarence Finance Limited has no subsidiary companies.

Ultimate parent company

CLARENCE FINANCE LIMITED

00535632

CLARENCE FINANCE LIMITED Shareholders

howard henry crocker 32.99%
paul jacob crocker 31.96%
loraine sara da costa 16.49%
paul jacob crocker & howard henry crocker-p & ht 16.49%
loraine sara da costa & paul crocker & howard henry crocker 2.06%

clarence finance limited directors

Clarence Finance Limited currently has 3 directors. The longest serving directors include Ms Erika Crocker (Dec 1992) and Mr Howard Crocker (Dec 1992).

officercountryagestartendrole
Ms Erika Crocker87 years Dec 1992- Director
Mr Howard CrockerEngland62 years Dec 1992- Director
Mr Paul CrockerEngland64 years Dec 1993- Director

P&L

July 2021

turnover

367.3k

-3%

operating profit

881.2k

0%

gross margin

23.8%

-8.16%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

July 2021

net assets

8.5m

+0.09%

total assets

8.7m

+0.09%

cash

2.1m

-0.2%

net assets

Total assets minus all liabilities

clarence finance limited company details

company number

00535632

Type

Private limited with Share Capital

industry

41100 - Development of building projects

incorporation date

July 1954

age

71

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

July 2021

previous names

clarence investments limited (July 2020)

accountant

MOORE KINGSTON SMITH LLP

auditor

-

address

5th floor grove house, 248a marylebone road, london, NW1 6BB

Bank

HSBC BANK PLC

Legal Advisor

-

clarence finance 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 found 83 charges/mortgages relating to clarence finance limited. Currently there are 1 open charges and 82 have been satisfied in the past.

clarence finance 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 CLARENCE FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.

clarence finance limited Companies House Filings - See Documents

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