creation financial services limited

creation financial services limited Company Information

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MatureMegaRapid

Company Number

01091883

Industry

Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

 

Directors

Stephen Hunt

Ethel Paraud

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Shareholders

alpha credit sa

Group Structure

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Contact

Registered Address

chadwick house, blenheim court, solihull, west midlands, B91 2AA

creation financial services limited Estimated Valuation

£429.8m

Pomanda estimates the enterprise value of CREATION FINANCIAL SERVICES LIMITED at £429.8m based on a Turnover of £221.6m and 1.94x industry multiple (adjusted for size and gross margin).

creation financial services limited Estimated Valuation

£117m

Pomanda estimates the enterprise value of CREATION FINANCIAL SERVICES LIMITED at £117m based on an EBITDA of £15.8m and a 7.43x industry multiple (adjusted for size and gross margin).

creation financial services limited Estimated Valuation

£108.9m

Pomanda estimates the enterprise value of CREATION FINANCIAL SERVICES LIMITED at £108.9m based on Net Assets of £48.4m and 2.25x industry multiple (adjusted for liquidity).

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Creation Financial Services Limited Overview

Creation Financial Services Limited is a live company located in solihull, B91 2AA with a Companies House number of 01091883. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in January 1973, it's largest shareholder is alpha credit sa with a 100% stake. Creation Financial Services Limited is a mature, mega sized company, Pomanda has estimated its turnover at £221.6m with rapid growth in recent years.

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Creation Financial Services Limited Health Check

Pomanda's financial health check has awarded Creation Financial Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

annual sales of £221.6m, make it larger than the average company (£15.9m)

£221.6m - Creation Financial Services Limited

£15.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 38%, show it is growing at a faster rate (16.9%)

38% - Creation Financial Services Limited

16.9% - Industry AVG

production

Production

with a gross margin of 9%, this company has a higher cost of product (16.9%)

9% - Creation Financial Services Limited

16.9% - Industry AVG

profitability

Profitability

an operating margin of 4.9% make it as profitable than the average company (4.9%)

4.9% - Creation Financial Services Limited

4.9% - Industry AVG

employees

Employees

with 744 employees, this is above the industry average (15)

744 - Creation Financial Services Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £54.7k, the company has an equivalent pay structure (£65.3k)

£54.7k - Creation Financial Services Limited

£65.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £297.8k, this is less efficient (£436.7k)

£297.8k - Creation Financial Services Limited

£436.7k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Creation Financial Services Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (158 days)

10 days - Creation Financial Services Limited

158 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (14 days)

0 days - Creation Financial Services Limited

14 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is average cash available to meet short term requirements (5 weeks)

5 weeks - Creation Financial Services Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.5%, this is a similar level of debt than the average (100%)

98.5% - Creation Financial Services Limited

100% - Industry AVG

CREATION FINANCIAL SERVICES LIMITED financials

EXPORTms excel logo

Creation Financial Services Limited's latest turnover from December 2023 is £221.6 million and the company has net assets of £48.4 million. According to their latest financial statements, Creation Financial Services Limited has 744 employees and maintains cash reserves of £356.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover221,572,00071,560,00066,898,00084,660,00095,442,00091,836,00086,676,00093,222,00090,368,00056,277,00020,574,00026,236,00030,423,00037,676,00044,809,161
Other Income Or Grants000000000000000
Cost Of Sales201,642,00061,136,00034,664,00040,016,00043,193,00039,925,00040,424,00049,932,00046,189,00017,981,5707,872,03510,376,02414,197,74117,151,5030
Gross Profit19,930,00010,424,00032,234,00044,644,00052,249,00051,911,00046,252,00043,290,00044,179,00038,295,43012,701,96515,859,97616,225,25920,524,4970
Admin Expenses9,097,000881,00015,112,00066,939,000-66,187,000-70,843,008-46,943,338-31,263,08328,472,4301,043,4305,119,96516,613,97622,220,2598,161,497-11,911,341
Operating Profit10,833,0009,543,00017,122,000-22,295,000118,436,000122,754,00893,195,33874,553,08315,706,57037,252,0007,582,000-754,000-5,995,00012,363,00011,911,341
Interest Payable00000000033,741,00029,447,00023,455,00016,152,00011,081,00014,033,767
Interest Receivable00000000039,00026,806,00021,161,00015,246,00010,282,00012,112,331
Pre-Tax Profit10,833,0009,543,00017,159,000-22,360,00032,715,000-11,363,00027,445,00062,441,0004,444,0003,550,0004,941,000-3,048,000-6,921,00011,564,0009,989,905
Tax-792,000-941,000-3,296,0003,139,0004,099,000560,000579,000-2,676,000-1,914,000-713,000-1,210,00047,0001,902,000-2,431,000-656,930
Profit After Tax10,041,0008,602,00013,863,000-19,221,00036,814,000-10,803,00028,024,00059,765,0002,530,0002,837,0003,731,000-3,001,000-5,019,0009,133,0009,332,975
Dividends Paid08,500,0000039,467,00030,859,00030,859,00050,652,0000019,548,00027,710,000000
Retained Profit10,041,000102,00013,863,000-19,221,000-2,653,000-41,662,000-2,835,0009,113,0002,530,0002,837,000-15,817,000-30,711,000-5,019,0009,133,0009,332,975
Employee Costs40,693,00034,477,00034,332,00033,757,00019,959,00030,863,00027,648,00025,508,00024,470,00018,824,00012,322,00011,235,0009,696,0008,067,0007,073,595
Number Of Employees744674693762787829702688726499220203183156155
EBITDA*15,753,00014,624,00022,595,000-17,097,000122,500,000124,658,00894,750,33876,020,08317,227,57038,687,0008,922,000606,000-4,681,00013,676,00013,525,172

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,314,0002,580,0001,062,0003,081,0004,340,0001,874,0001,955,0001,174,000707,000919,0002,966,0003,463,0004,507,0005,339,0005,742,268
Intangible Assets15,748,00014,486,00013,831,00014,014,00014,883,00011,240,0007,243,0003,743,0002,872,0001,590,00000000
Investments & Other00081,473,00081,473,00085,257,00082,306,00081,727,00081,806,00081,473,00081,473,00081,473,00081,473,00065,931,00051,575,836
Debtors (Due After 1 year)00013,311,00000000374,606,000198,000,000239,500,000291,090,000230,700,00067,760,000
Total Fixed Assets18,062,00017,066,00014,893,000111,879,000100,696,00098,371,00091,504,00086,644,00085,385,000458,588,000282,439,000324,436,000377,070,000301,970,000125,078,104
Stock & work in progress176,000169,000145,000179,000166,000331,000265,000152,00095,0001,0004,0004,0008,0006,0000
Trade Debtors000258,955,000000386,358,000360,132,00036,979,00045,483,00056,812,00075,376,000586,166,000105,445,039
Group Debtors2,731,138,0002,327,467,0001,888,831,0001,770,830,0001,654,570,0001,714,521,0001,344,058,0001,175,115,000972,309,000573,135,000660,611,000592,544,000519,022,0000369,169,105
Misc Debtors28,680,00011,868,0008,310,00018,986,00020,549,00013,800,00013,191,0009,881,0008,975,000954,0002,014,0006,512,0003,625,00002,714,964
Cash356,086,000354,564,000367,115,000180,119,000521,839,000717,511,000590,201,00093,645,00028,889,0003,671,0009,371,0004,272,0009,277,00014,884,0003,351,913
misc current assets155,530,00083,569,00081,473,000000000000000
total current assets3,271,610,0002,777,637,0002,345,874,0002,229,069,0002,197,124,0002,446,163,0001,947,715,0001,665,151,0001,370,400,000614,740,000717,483,000660,144,000607,308,000601,056,000480,681,021
total assets3,289,672,0002,794,703,0002,360,767,0002,340,948,0002,297,820,0002,544,534,0002,039,219,0001,751,795,0001,455,785,0001,073,328,000999,922,000984,580,000984,378,000903,026,000605,759,125
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 5,551,0005,395,0003,601,0006,201,00021,546,0006,517,00011,404,00010,127,00010,501,0001,114,0001,172,0001,207,0001,479,0001,912,0001,984,990
Group/Directors Accounts00000209,041,00072,748,0001,647,461,0001,364,227,000612,007,000708,564,000628,438,000562,807,000544,286,000422,019,967
other short term finances3,209,816,0002,716,636,0002,289,242,0002,284,914,0002,219,942,0002,246,933,0001,855,613,00000000000
hp & lease commitments1,351,0001,909,000513,0001,800,00000000000000
other current liabilities23,058,00018,972,00014,321,00010,576,000015,395,00018,322,00014,231,00010,194,0003,309,0003,190,0005,009,0003,478,0006,778,0005,760,953
total current liabilities3,239,776,0002,742,912,0002,307,677,0002,303,491,0002,241,488,0002,477,886,0001,958,087,0001,671,819,0001,384,922,000616,430,000712,926,000634,654,000567,764,000552,976,000429,765,910
loans000000000388,476,000221,500,000268,613,000304,590,000233,000,00067,721,000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities0000010,502,0003,991,00000000000
provisions1,496,0001,903,0005,047,0003,233,0002,930,000000089,0000007,000362,343
total long term liabilities1,496,0001,903,0005,047,0003,233,0002,930,00010,502,0003,991,00000388,565,000221,500,000268,613,000304,590,000233,007,00068,083,343
total liabilities3,241,272,0002,744,815,0002,312,724,0002,306,724,0002,244,418,0002,488,388,0001,962,078,0001,671,819,0001,384,922,0001,004,995,000934,426,000903,267,000872,354,000785,983,000497,849,253
net assets48,400,00049,888,00048,043,00034,224,00053,402,00056,146,00077,141,00079,976,00070,863,00068,333,00065,496,00081,313,000112,024,000117,043,000107,909,872
total shareholders funds48,400,00049,888,00048,043,00034,224,00053,402,00056,146,00077,141,00079,976,00070,863,00068,333,00065,496,00081,313,000112,024,000117,043,000107,909,872
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit10,833,0009,543,00017,122,000-22,295,000118,436,000122,754,00893,195,33874,553,08315,706,57037,252,0007,582,000-754,000-5,995,00012,363,00011,911,341
Depreciation1,127,0001,005,0001,458,0001,801,0001,797,000502,000498,000420,000482,0001,435,0001,340,0001,360,0001,314,0001,313,0001,388,648
Amortisation3,793,0004,076,0004,015,0003,397,0002,267,0001,402,0001,057,0001,047,0001,039,00000000225,183
Tax-792,000-941,000-3,296,0003,139,0004,099,000560,000579,000-2,676,000-1,914,000-713,000-1,210,00047,0001,902,000-2,431,000-656,930
Stock7,00024,000-34,00013,000-165,00066,000113,00057,00094,000-3,0000-4,0002,0006,0000
Debtors420,483,000442,194,000-164,941,000386,963,000-53,202,000371,072,000-214,105,000229,938,000355,742,00079,566,00010,740,0006,255,00072,247,000271,776,892545,089,108
Creditors156,0001,794,000-2,600,000-15,345,00015,029,000-4,887,0001,277,000-374,0009,387,000-58,000-35,000-272,000-433,000-72,9901,984,990
Accruals and Deferred Income4,086,0004,651,0003,745,00010,576,000-15,395,000-2,927,0004,091,0004,037,0006,885,000119,000-1,819,0001,531,000-3,300,0001,017,0475,760,953
Deferred Taxes & Provisions-407,000-3,144,0001,814,000303,0002,930,000000-89,00089,00000-7,000-355,343362,343
Cash flow from operations-401,694,000-425,234,000187,233,000-405,400,000182,530,000-253,733,992314,689,338-152,987,917-324,339,430-41,439,000-4,882,000-4,339,000-78,768,000-259,949,178-524,112,580
Investing Activities
capital expenditure-5,916,000-7,254,000-3,271,000-3,070,000-10,173,000-5,820,000-5,836,000-2,805,000-2,591,000-978,000-843,000-316,000-482,000-909,732-7,356,099
Change in Investments00-81,473,0000-3,784,0002,951,000579,000-79,000333,00000015,542,00014,355,16451,575,836
cash flow from investments-5,916,000-7,254,00078,202,000-3,070,000-6,389,000-8,771,000-6,415,000-2,726,000-2,924,000-978,000-843,000-316,000-16,024,000-15,264,896-58,931,935
Financing Activities
Bank loans000000000000000
Group/Directors Accounts0000-209,041,000136,293,000-1,574,713,000283,234,000752,220,000-96,557,00080,126,00065,631,00018,521,000122,266,033422,019,967
Other Short Term Loans 493,180,000427,394,0004,328,00064,972,000-26,991,000391,320,0001,855,613,00000000000
Long term loans00000000-388,476,000166,976,000-47,113,000-35,977,00071,590,000165,279,00067,721,000
Hire Purchase and Lease Commitments-558,0001,396,000-1,287,0001,800,00000000000000
other long term liabilities0000-10,502,0006,511,0003,991,00000000000
share issue-11,529,0001,743,000-44,00043,000-91,00020,667,000000000012898,576,897
interest000000000-33,702,000-2,641,000-2,294,000-906,000-799,000-1,921,436
cash flow from financing481,093,000430,533,0002,997,00066,815,000-246,625,000554,791,000284,891,000283,234,000363,744,00036,717,00030,372,00027,360,00089,205,000286,746,161586,396,428
cash and cash equivalents
cash1,522,000-12,551,000186,996,000-341,720,000-195,672,000127,310,000496,556,00064,756,00025,218,000-5,700,0005,099,000-5,005,000-5,607,00011,532,0873,351,913
overdraft000000000000000
change in cash1,522,000-12,551,000186,996,000-341,720,000-195,672,000127,310,000496,556,00064,756,00025,218,000-5,700,0005,099,000-5,005,000-5,607,00011,532,0873,351,913

creation financial services 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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Creation Financial Services Limited Competitor Analysis

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Perform a competitor analysis for creation financial services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in B91 area or any other competitors across 12 key performance metrics.

creation financial services limited Ownership

CREATION FINANCIAL SERVICES LIMITED group structure

Creation Financial Services Limited has 1 subsidiary company.

Ultimate parent company

ALPHA CREDIT SA

#0170100

1 parent

CREATION FINANCIAL SERVICES LIMITED

01091883

1 subsidiary

CREATION FINANCIAL SERVICES LIMITED Shareholders

alpha credit sa 100%

creation financial services limited directors

Creation Financial Services Limited currently has 8 directors. The longest serving directors include Mr Stephen Hunt (May 2006) and Mrs Ethel Paraud (Oct 2021).

officercountryagestartendrole
Mr Stephen HuntNorthern Ireland57 years May 2006- Director
Mrs Ethel Paraud56 years Oct 2021- Director
Ms Lakshmi Moorthy51 years Oct 2021- Director
Mrs Ethel Paraud56 years Oct 2021- Director
Mr Jean-Pierre Charles60 years May 2022- Director
Mr Bart Vervenne68 years Jun 2023- Director
Mr Mike Redferne65 years Jun 2023- Director
Mrs Anais Raynaud46 years Oct 2023- Director

P&L

December 2023

turnover

221.6m

+210%

operating profit

10.8m

+14%

gross margin

9%

-38.25%

turnover

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

Balance Sheet

December 2023

net assets

48.4m

-0.03%

total assets

3.3b

+0.18%

cash

356.1m

0%

net assets

Total assets minus all liabilities

creation financial services limited company details

company number

01091883

Type

Private limited with Share Capital

industry

64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

incorporation date

January 1973

age

52

incorporated

UK

ultimate parent company

ALPHA CREDIT SA

accounts

Full Accounts

last accounts submitted

December 2023

previous names

sears financial services limited (September 1998)

selfridges finance limited (May 1985)

accountant

-

auditor

DELOITTE LLP

address

chadwick house, blenheim court, solihull, west midlands, B91 2AA

Bank

-

Legal Advisor

-

creation financial services 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 1 charges/mortgages relating to creation financial services limited. Currently there are 1 open charges and 0 have been satisfied in the past.

creation financial services 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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creation financial services limited Companies House Filings - See Documents

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