Ipswich Finance Company Limited

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ipswich finance company limited Company Information

Live

MatureMicroDeclining

Company Number

02190243

Website

www.ipswichfinance.co.uk

Registered Address

80 manor road, martlesham heath, ipswich, IP5 3SY

Industry

Other business support service activities n.e.c.

Telephone

01473613471

Next Accounts Due

49 days late

Group Structure

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Directors

Robert Harvey31 Years

Anna Harvey9 Years

Shareholders

ipswich finance company (holdings) ltd 100%

ipswich finance company limited Estimated Valuation

£65.9k

Pomanda estimates the enterprise value of IPSWICH FINANCE COMPANY LIMITED at £65.9k based on an EBITDA of £15.3k and a 4.31x industry multiple (adjusted for size and gross margin).

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Ipswich Finance Company Limited is a live company located in ipswich, IP5 3SY with a Companies House number of 02190243. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 1987, it's largest shareholder is ipswich finance company (holdings) ltd with a 100% stake. Ipswich Finance Company Limited is a mature, micro sized company, Pomanda has estimated its turnover at £90.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Ipswich Finance Company Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

7 Weak

Size

annual sales of £90.1k, make it smaller than the average company (£2.9m)

Growth

3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (2.5%)

EXPORT

Ipswich Finance Company Limited's latest turnover from November 2022 is estimated at £90.1 thousand and the company has net assets of -£239.9 thousand. According to their latest financial statements, Ipswich Finance Company Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	90,101	132,028	1,863,531	585,425	1,074,219	1,904,012	2,873,885	5,244,633	4,761,330	3,031,329	3,738,497	3,887,557	3,952,376	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	55,207	83,202	1,165,877	366,688	674,056	1,169,156	1,766,387	3,318,997	3,045,853	1,947,605	2,333,056	2,388,221	2,362,993	0
Gross Profit	34,895	48,826	697,655	218,737	400,163	734,856	1,107,498	1,925,636	1,715,477	1,083,724	1,405,441	1,499,336	1,589,383	0
Admin Expenses	19,609	242,956	729,880	227,685	408,006	712,744	1,142,159	1,933,983	1,699,822	1,072,152	1,430,319	1,508,204	1,556,985	-73,853
Operating Profit	15,286	-194,130	-32,225	-8,948	-7,843	22,112	-34,661	-8,347	15,655	11,572	-24,878	-8,868	32,398	73,853
Interest Payable	9,879	3,347	2,186	5,541	6,703	8,177	4,547	333	1,234	901	2,038	5,044	3,006	0
Interest Receivable	0	0	0	1	1	1	0	1	1	1	1	0	0	0
Pre-Tax Profit	5,407	-197,477	-34,411	-14,488	-14,545	13,936	-39,207	-8,679	14,423	10,673	-26,915	-13,912	29,392	73,853
Tax	-1,027	0	0	0	0	-2,648	0	0	-3,029	-2,455	0	0	-8,230	-20,679
Profit After Tax	4,380	-197,477	-34,411	-14,488	-14,545	11,288	-39,207	-8,679	11,394	8,218	-26,915	-13,912	21,162	53,174
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,380	-197,477	-34,411	-14,488	-14,545	11,288	-39,207	-8,679	11,394	8,218	-26,915	-13,912	21,162	53,174
Employee Costs	90,059	85,750	83,614	82,665	117,845	114,224	114,452	1,447,368	1,324,365	856,896	1,068,781	1,088,238	1,133,466	0
Number Of Employees	2	2	2	2	3	3	3	38	35	23	29	30	32	0
EBITDA*	15,286	-194,130	-32,225	-8,948	-7,843	22,114	-34,661	-5,138	16,210	20,355	-15,694	-2,652	40,329	78,331

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1	1	1	1	1	1	3	3	2,567	2,872	11,655	20,839	25,638	36,420
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1	1	1	1	1	1	3	3	2,567	2,872	11,655	20,839	25,638	36,420
Stock & work in progress	8,000	23,334	0	132,601	107,464	176,537	311,247	243,761	189,074	61,714	84,567	66,007	135,891	83,865
Trade Debtors	1,064	10,850	315,228	121,895	270,937	532,245	770,798	790,302	717,093	461,051	550,789	634,936	679,591	527,697
Group Debtors	24,055	24,055	0	24,055	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,088	0	0	50,254	55,301	28,052	34,366	0	0	0	0	0	0	0
Cash	0	0	0	197	197	197	197	198	199	199	390	0	0	0
misc current assets	1,743	0	0	0	2,070	5,027	0	0	0	0	0	0	0	0
total current assets	35,950	58,239	315,228	329,002	435,969	742,058	1,116,608	1,034,261	906,366	522,964	635,746	700,943	815,482	611,562
total assets	35,951	58,240	315,229	329,003	435,970	742,059	1,116,611	1,034,264	908,933	525,836	647,401	721,782	841,120	647,982
Bank overdraft	67,280	61,466	0	71,661	82,286	78,366	100,271	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,530	8,657	314,650	25,578	35,992	44,830	41,192	565,662	536,393	339,422	498,576	411,452	418,037	502,793
Group/Directors Accounts	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
hp & lease commitments	0	0	0	8,094	82,312	179,809	339,498	0	0	0	0	0	0	0
other current liabilities	163,559	184,136	0	203,188	156,245	174,350	130,911	0	0	0	0	0	0	0
total current liabilities	233,369	254,259	314,650	308,521	356,835	477,355	611,872	565,662	536,393	339,422	498,576	411,452	418,037	502,793
loans	42,500	48,279	0	0	10,230	27,729	45,227	0	10,232	27,728	0	62,709	92,495	0
hp & lease commitments	0	0	0	32,892	66,827	220,352	454,177	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
other liabilities	0	0	47,500	0	0	0	0	424,060	309,087	116,859	115,216	165,917	229,661	91,915
provisions	0	0	0	0	0	0	0	0	0	0	0	21,180	26,491	0
total long term liabilities	42,500	48,279	47,500	32,892	77,057	248,081	499,404	424,060	319,319	144,587	115,216	249,806	348,647	91,915
total liabilities	275,869	302,538	362,150	341,413	433,892	725,436	1,111,276	989,722	855,712	484,009	613,792	661,258	766,684	594,708
net assets	-239,918	-244,298	-46,921	-12,410	2,078	16,623	5,335	44,542	53,221	41,827	33,609	60,524	74,436	53,274
total shareholders funds	-239,918	-244,298	-46,921	-12,410	2,078	16,623	5,335	44,542	53,221	41,827	33,609	60,524	74,436	53,274

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	15,286	-194,130	-32,225	-8,948	-7,843	22,112	-34,661	-8,347	15,655	11,572	-24,878	-8,868	32,398	73,853
Depreciation	0	0	0	0	0	2	0	3,209	555	8,783	9,184	6,216	7,931	4,478
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,027	0	0	0	0	-2,648	0	0	-3,029	-2,455	0	0	-8,230	-20,679
Stock	-15,334	23,334	-132,601	25,137	-69,073	-134,710	67,486	54,687	127,360	-22,853	18,560	-69,884	52,026	83,865
Debtors	-8,698	-280,323	119,024	-130,034	-234,059	-244,867	14,862	73,209	256,042	-89,738	-84,147	-44,655	151,894	527,697
Creditors	-6,127	-305,993	289,072	-10,414	-8,838	3,638	-524,470	29,269	196,971	-159,154	87,124	-6,585	-84,756	502,793
Accruals and Deferred Income	-20,577	184,136	-203,188	46,943	-18,105	43,439	130,911	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	-21,180	-5,311	26,491	0
Cash flow from operations	11,587	-58,998	67,236	132,478	268,346	446,120	-510,568	-103,765	-173,250	-28,663	115,837	99,991	-230,086	-51,117
Investing Activities
capital expenditure	0	0	0	0	0	0	0	-645	-250	0	0	-1,417	2,851	-40,898
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	-645	-250	0	0	-1,417	2,851	-40,898
Financing Activities
Bank loans	0	0	0	0	0	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,779	48,279	0	-10,230	-17,499	-17,498	45,227	-10,232	-17,496	27,728	-62,709	-29,786	92,495	0
Hire Purchase and Lease Commitments	0	0	-40,986	-108,153	-251,022	-393,514	793,675	0	0	0	0	0	0	0
other long term liabilities	0	-47,500	47,500	0	0	0	-424,060	114,973	192,228	1,643	-50,701	-63,744	137,746	91,915
share issue	0	100	-100	0	0	0	0	0	0	0	0	0	0	100
interest	-9,879	-3,347	-2,186	-5,540	-6,702	-8,176	-4,547	-332	-1,233	-900	-2,037	-5,044	-3,006	0
cash flow from financing	-15,658	-2,468	4,228	-123,923	-275,223	-419,188	410,295	104,409	173,499	28,471	-115,447	-98,574	227,235	92,015
cash and cash equivalents
cash	0	0	-197	0	0	0	-1	-1	0	-191	390	0	0	0
overdraft	5,814	61,466	-71,661	-10,625	3,920	-21,905	100,271	0	0	0	0	0	0	0
change in cash	-5,814	-61,466	71,464	10,625	-3,920	21,905	-100,272	-1	0	-191	390	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IPSWICH FINANCE COMPANY LIMITED group structure

Ipswich Finance Company Limited has no subsidiary companies.

Ultimate parent company

IPSWICH FINANCE COMPANY (HOLDINGS) LIMITED

06115026

1 parent

IPSWICH FINANCE COMPANY LIMITED

02190243

IPSWICH FINANCE COMPANY LIMITED Shareholders

ipswich finance company (holdings) ltd

100%

Ipswich Finance Company Limited currently has 2 directors. The longest serving directors include Mr Robert Harvey (Nov 1992) and Ms Anna Harvey (Nov 2014).

officer	country	age	start	end	role
Mr Robert Harvey	United Kingdom	73 years	Nov 1992	-	Director
Ms Anna Harvey	United Kingdom	72 years	Nov 2014	-	Director

P&L

November 2022

turnover

90.1k

-32%

operating profit

15.3k

gross margin

38.8%

+4.72%

turnover

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

Balance Sheet

November 2022

net assets

-239.9k

-0.02%

total assets

36k

-0.38%

cash

net assets

Total assets minus all liabilities

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company number

02190243

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 1987

ultimate parent company

IPSWICH FINANCE COMPANY (HOLDINGS) LIMITED

previous names

N/A

address

80 manor road, martlesham heath, ipswich, IP5 3SY

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 10 charges/mortgages relating to ipswich finance company limited. Currently there are 10 open charges and 0 have been satisfied in the past.

ipswich finance company limited Company Information

ipswich finance company limited Estimated Valuation

ipswich finance company limited Estimated Valuation

ipswich finance company limited Estimated Valuation

Ipswich Finance Company Limited Overview

Ipswich Finance Company Limited Health Check

IPSWICH FINANCE COMPANY LIMITED financials

ipswich finance company limited Credit Report and Business Information

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ipswich finance company limited Ownership

ipswich finance company limited directors

ipswich finance company limited company details

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ipswich finance company limited Companies House Filings - See Documents