abrdn fund managers limited

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abrdn fund managers limited Company Information

Share ABRDN FUND MANAGERS LIMITED

Company Number

00740118

Shareholders

abrdn holdings limited

abrdn investments holdings europe limited

Group Structure

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Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Registered Address

280 bishopsgate, london, EC2M 4AG

abrdn fund managers limited Estimated Valuation

£227.9m

Pomanda estimates the enterprise value of ABRDN FUND MANAGERS LIMITED at £227.9m based on a Turnover of £172.5m and 1.32x industry multiple (adjusted for size and gross margin).

abrdn fund managers limited Estimated Valuation

£2.6m

Pomanda estimates the enterprise value of ABRDN FUND MANAGERS LIMITED at £2.6m based on an EBITDA of £551k and a 4.79x industry multiple (adjusted for size and gross margin).

abrdn fund managers limited Estimated Valuation

£25.5m

Pomanda estimates the enterprise value of ABRDN FUND MANAGERS LIMITED at £25.5m based on Net Assets of £20.6m and 1.23x industry multiple (adjusted for liquidity).

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Abrdn Fund Managers Limited Overview

Abrdn Fund Managers Limited is a live company located in london, EC2M 4AG with a Companies House number of 00740118. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 1962, it's largest shareholder is abrdn holdings limited with a 100% stake. Abrdn Fund Managers Limited is a mature, mega sized company, Pomanda has estimated its turnover at £172.5m with declining growth in recent years.

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Abrdn Fund Managers Limited Health Check

Pomanda's financial health check has awarded Abrdn Fund Managers Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £172.5m, make it larger than the average company (£5.5m)

£172.5m - Abrdn Fund Managers Limited

£5.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (5%)

-11% - Abrdn Fund Managers Limited

5% - Industry AVG

production

Production

with a gross margin of 1.6%, this company has a higher cost of product (54.3%)

1.6% - Abrdn Fund Managers Limited

54.3% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (9.1%)

0.1% - Abrdn Fund Managers Limited

9.1% - Industry AVG

employees

Employees

with 777 employees, this is above the industry average (14)

777 - Abrdn Fund Managers Limited

14 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Abrdn Fund Managers Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £222.1k, this is equally as efficient (£222.2k)

£222.1k - Abrdn Fund Managers Limited

£222.2k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is earlier than average (33 days)

15 days - Abrdn Fund Managers Limited

33 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Abrdn Fund Managers Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Abrdn Fund Managers Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 11 weeks, this is less cash available to meet short term requirements (29 weeks)

11 weeks - Abrdn Fund Managers Limited

29 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 91.5%, this is a higher level of debt than the average (71.4%)

91.5% - Abrdn Fund Managers Limited

71.4% - Industry AVG

ABRDN FUND MANAGERS LIMITED financials

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Abrdn Fund Managers Limited's latest turnover from December 2023 is £172.5 million and the company has net assets of £20.6 million. According to their latest financial statements, we estimate that Abrdn Fund Managers Limited has 777 employees and maintains cash reserves of £49 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover172,544,000226,265,000265,086,000245,761,000281,864,000137,018,000195,655,000161,925,000152,143,000122,899,000136,528,000123,798,000117,374,00064,371,00043,204,000
Other Income Or Grants
Cost Of Sales169,772,000224,399,000110,128,977104,916,165120,112,50058,450,24510,237,00015,382,00028,926,00037,632,00050,661,00047,160,00045,168,00027,836,627
Gross Profit2,772,0001,866,000154,957,023140,844,835161,751,50078,567,755185,418,000146,543,000123,217,00085,267,00085,867,00076,638,00072,206,00036,534,373
Admin Expenses2,545,000778,000146,360,023132,191,835153,857,50073,469,755179,534,000141,258,000119,032,00083,840,00082,847,00074,633,00064,641,00010,128,373-9,204,000
Operating Profit227,0001,088,0008,597,0008,653,0007,894,0005,098,0005,884,0005,285,0004,185,0001,427,0003,020,0002,005,0007,565,00026,406,0009,204,000
Interest Payable22,0002,0007,0008,0002,000
Interest Receivable2,235,000195,00019,00038,000139,00028,00069,000139,000142,000148,000134,000382,000335,000342,000
Pre-Tax Profit2,440,0001,281,0008,616,0008,684,0008,025,0004,784,0005,610,0005,113,0004,083,0001,569,0003,168,0002,139,0007,947,00026,741,0009,546,000
Tax-769,000-404,000-1,801,000-1,806,000-1,698,000-910,000-1,090,000-1,025,000-839,000-348,000-620,000-541,000-1,961,000-7,183,000-2,980,000
Profit After Tax1,671,000877,0006,815,0006,878,0006,327,0003,874,0004,520,0004,088,0003,244,0001,221,0002,548,0001,598,0005,986,00019,558,0006,566,000
Dividends Paid17,500,0003,200,0005,000,0006,000,00018,000,0007,500,000
Retained Profit-15,829,000877,0006,815,0006,878,0006,327,0003,874,0004,520,000888,0003,244,0001,221,000-2,452,0001,598,000-14,0001,558,000-934,000
Employee Costs93,438,88987,397,04199,337,93747,445,747784,0001,984,0001,905,000
Number Of Employees7771,0281,2101,1671,346656965890804636730606245553
EBITDA*551,0001,866,0009,374,0008,653,0007,894,0005,098,0006,184,0005,526,0004,481,0001,668,0003,316,0002,301,0007,861,00026,521,0009,204,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets
Intangible Assets830,0001,476,0002,254,0003,031,0003,808,0004,704,0001,190,0001,490,0001,731,0001,972,0002,268,0002,564,0002,860,0003,156,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets830,0001,476,0002,254,0003,031,0003,808,0004,704,0001,190,0001,490,0001,731,0001,972,0002,268,0002,564,0002,860,0003,156,000
Stock & work in progress314,000304,000265,000325,000316,000232,000360,000329,000423,000
Trade Debtors7,108,0005,595,0004,721,0001,589,0001,477,0002,034,000656,0001,533,000291,0001,445,000887,0001,546,000826,000738,00025,265,000
Group Debtors148,657,000120,256,000139,292,000183,144,0005,376,0005,081,0003,379,000979,000172,000
Misc Debtors36,615,00044,405,000171,638,000172,147,00042,462,00043,727,00063,389,000154,200,000329,474,000160,573,00056,471,00050,277,000135,941,00091,858,0008,389,000
Cash48,973,00036,239,00053,949,00035,300,00033,157,00010,399,00017,226,00012,354,00018,185,00020,446,00017,296,00013,708,00028,331,000279,0004,335,000
misc current assets
total current assets241,353,000206,495,000230,308,000209,036,000216,388,000239,304,00086,961,000173,472,000351,594,000182,789,00074,970,00066,742,000165,458,00093,376,00038,412,000
total assets242,183,000207,971,000232,562,000212,067,000220,196,000244,008,00088,151,000174,962,000353,325,000184,761,00077,238,00069,306,000168,318,00096,532,00038,412,000
Bank overdraft
Bank loan
Trade Creditors 1,897,000
Group/Directors Accounts52,676,00048,575,00014,688,00011,871,00014,789,00016,648,00012,065,0007,798,00016,578,0001,0003,809,000
other short term finances
hp & lease commitments
other current liabilities168,777,000122,848,000196,902,000183,246,000189,242,000217,493,00052,728,000146,887,000323,231,000156,063,00054,344,00048,227,000140,057,00084,834,00027,735,000
total current liabilities221,453,000171,423,000196,902,000183,246,000189,242,000219,390,00067,416,000158,758,000338,020,000172,711,00066,409,00056,025,000156,635,00084,835,00031,544,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions86,00075,000128,00080,000102,00084,00033,00022,00011,000
total long term liabilities86,00075,00064,00040,00051,00042,00033,00022,00011,000
total liabilities221,539,000171,498,000196,966,000183,286,000189,293,000219,432,00067,449,000158,780,000338,031,000172,711,00066,409,00056,025,000156,635,00084,835,00031,544,000
net assets20,644,00036,473,00035,596,00028,781,00030,903,00024,576,00020,702,00016,182,00015,294,00012,050,00010,829,00013,281,00011,683,00011,697,0006,868,000
total shareholders funds20,644,00036,473,00035,596,00028,781,00030,903,00024,576,00020,702,00016,182,00015,294,00012,050,00010,829,00013,281,00011,683,00011,697,0006,868,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit227,0001,088,0008,597,0008,653,0007,894,0005,098,0005,884,0005,285,0004,185,0001,427,0003,020,0002,005,0007,565,00026,406,0009,204,000
Depreciation
Amortisation324,000778,000777,000300,000241,000296,000241,000296,000296,000296,000115,000
Tax-769,000-404,000-1,801,000-1,806,000-1,698,000-910,000-1,090,000-1,025,000-839,000-348,000-620,000-541,000-1,961,000-7,183,000-2,980,000
Stock-314,00010,00039,000-60,0009,00084,000-128,00031,000-94,000423,000
Debtors22,124,000-6,103,0002,623,000-9,495,000-45,674,000159,484,000-91,393,000-172,330,000171,126,000104,660,0004,556,000-83,965,00043,999,00059,114,00033,654,000
Creditors-1,897,0001,897,000
Accruals and Deferred Income45,929,000-74,054,00013,656,000-5,996,000-28,251,000164,765,000-94,159,000-176,344,000167,168,000101,719,0006,117,000-91,830,00055,223,00057,099,00027,735,000
Deferred Taxes & Provisions11,000-53,00048,000-22,00018,00051,00011,00011,00011,000
Cash flow from operations23,598,000-66,542,00018,654,00010,324,00021,740,00011,731,0002,329,000459,000-245,000-1,630,0004,173,000-5,977,00017,093,00017,417,000-118,000
Investing Activities
capital expenditure322,000777,000896,000-3,514,000-55,00055,000-3,271,000
Change in Investments
cash flow from investments322,000777,000896,000-3,514,000-55,00055,000-3,271,000
Financing Activities
Bank loans
Group/Directors Accounts4,101,00048,575,000-14,688,0002,817,000-2,918,000-1,859,0004,583,0004,267,000-8,780,00016,577,000-3,808,0003,809,000
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue-9,000,0003,271,0007,802,000
interest2,213,000193,00019,00031,000131,00026,00069,000139,000142,000148,000134,000382,000335,000342,000
cash flow from financing6,314,00048,768,00019,000-8,969,000131,000-14,688,0002,843,000-2,849,000-1,720,0004,725,0004,415,000-8,646,00016,959,000-202,00011,953,000
cash and cash equivalents
cash12,734,000-17,710,00018,649,0002,143,00022,758,000-6,827,0004,872,000-5,831,000-2,261,0003,150,0003,588,000-14,623,00028,052,000-4,056,0004,335,000
overdraft
change in cash12,734,000-17,710,00018,649,0002,143,00022,758,000-6,827,0004,872,000-5,831,000-2,261,0003,150,0003,588,000-14,623,00028,052,000-4,056,0004,335,000

abrdn fund managers 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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Abrdn Fund Managers Limited Competitor Analysis

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Perform a competitor analysis for abrdn fund managers limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in EC2M area or any other competitors across 12 key performance metrics.

abrdn fund managers limited Ownership

ABRDN FUND MANAGERS LIMITED group structure

Abrdn Fund Managers Limited has no subsidiary companies.

Ultimate parent company

2 parents

ABRDN FUND MANAGERS LIMITED

00740118

ABRDN FUND MANAGERS LIMITED Shareholders

abrdn holdings limited 100%
abrdn investments holdings europe limited 0%

abrdn fund managers limited directors

Abrdn Fund Managers Limited currently has 7 directors. The longest serving directors include Mr Aron Mitchell (Aug 2017) and Mrs Denise Thomas (Nov 2021).

officercountryagestartendrole
Mr Aron Mitchell53 years Aug 2017- Director
Mrs Denise ThomasUnited Kingdom54 years Nov 2021- Director
Mrs Emily Smart50 years Nov 2021- Director
Mr Adam ShanksUnited Kingdom41 years Feb 2022- Director
Mr Martin KwiatkowskiUnited Kingdom48 years Feb 2024- Director
Mr Philip WagstaffUnited Kingdom61 years Sep 2024- Director
Mr Michael ChampionUnited Kingdom58 years Sep 2024- Director

P&L

December 2023

turnover

172.5m

-24%

operating profit

227k

-79%

gross margin

1.7%

+94.8%

turnover

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

Balance Sheet

December 2023

net assets

20.6m

-0.43%

total assets

242.2m

+0.16%

cash

49m

+0.35%

net assets

Total assets minus all liabilities

abrdn fund managers limited company details

company number

00740118

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

November 1962

age

63

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

aberdeen standard fund managers limited (August 2022)

aberdeen fund managers limited (December 2018)

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accountant

-

auditor

KPMG LLP

address

280 bishopsgate, london, EC2M 4AG

Bank

-

Legal Advisor

-

abrdn fund managers 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 7 charges/mortgages relating to abrdn fund managers limited. Currently there are 3 open charges and 4 have been satisfied in the past.

abrdn fund managers 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.

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abrdn fund managers limited Companies House Filings - See Documents

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