solution personal finance limited
solution personal finance limited Company Information
Company Number
02493897
Website
http://barclays.comRegistered Address
c/o teneo financial advisory lim, 3rd floor, the colmore building, birmingham, west midlands, B4 6AT
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Telephone
-
Next Accounts Due
234 days late
Group Structure
View All
Shareholders
barclays bank uk plc 100%
solution personal finance limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION PERSONAL FINANCE LIMITED at £6.4m based on a Turnover of £4.4m and 1.44x industry multiple (adjusted for size and gross margin).
solution personal finance limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION PERSONAL FINANCE LIMITED at £20.6m based on an EBITDA of £3.7m and a 5.61x industry multiple (adjusted for size and gross margin).
solution personal finance limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUTION PERSONAL FINANCE LIMITED at £26.6m based on Net Assets of £13.4m and 1.98x industry multiple (adjusted for liquidity).
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Solution Personal Finance Limited Overview
Solution Personal Finance Limited is a live company located in birmingham, B4 6AT with a Companies House number of 02493897. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in April 1990, it's largest shareholder is barclays bank uk plc with a 100% stake. Solution Personal Finance Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.
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Solution Personal Finance Limited Health Check
Pomanda's financial health check has awarded Solution Personal Finance Limited a 4.5 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
4 Strong
1 Regular
3 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£6.2m)
£4.4m - Solution Personal Finance Limited
£6.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (-0.6%)
-20% - Solution Personal Finance Limited
-0.6% - Industry AVG
Production
with a gross margin of 76.3%, this company has a lower cost of product (62.7%)
76.3% - Solution Personal Finance Limited
62.7% - Industry AVG
Profitability
an operating margin of 83% make it more profitable than the average company (18.4%)
83% - Solution Personal Finance Limited
18.4% - Industry AVG
Employees
with 18 employees, this is below the industry average (33)
- Solution Personal Finance Limited
33 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Solution Personal Finance Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £245.4k, this is equally as efficient (£247.1k)
- Solution Personal Finance Limited
£247.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Solution Personal Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Solution Personal Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Solution Personal Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (15 weeks)
43 weeks - Solution Personal Finance Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.3%, this is a lower level of debt than the average (90.8%)
55.3% - Solution Personal Finance Limited
90.8% - Industry AVG
solution personal finance limited Credit Report and Business Information
Solution Personal Finance Limited Competitor Analysis
Perform a competitor analysis for solution personal finance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
solution personal finance limited Ownership
SOLUTION PERSONAL FINANCE LIMITED group structure
Solution Personal Finance Limited has no subsidiary companies.
Ultimate parent company
2 parents
SOLUTION PERSONAL FINANCE LIMITED
02493897
solution personal finance limited directors
Solution Personal Finance Limited currently has 2 directors. The longest serving directors include Sarah-Jayne O'Donovan (Feb 2013) and Mr Stephen Lynch (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Sarah-Jayne O'Donovan | England | 53 years | Feb 2013 | - | Director |
| Mr Stephen Lynch | United Kingdom | 39 years | Sep 2021 | - | Director |
SOLUTION PERSONAL FINANCE LIMITED financials
Solution Personal Finance Limited's latest turnover from December 2021 is £4.4 million and the company has net assets of £13.4 million. According to their latest financial statements, we estimate that Solution Personal Finance Limited has 18 employees and maintains cash reserves of £13.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,418,000 | 6,071,000 | 7,547,000 | 8,525,000 | 8,212,000 | 7,852,000 | 8,680,000 | 10,258,000 | 11,881,000 | 13,744,000 | 16,172,000 | 18,744,000 | 24,341,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,046,000 | 1,017,000 | 755,000 | 799,000 | 886,000 | 1,192,000 | 1,067,000 | 1,089,000 | 1,105,000 | 1,193,000 | 1,444,000 | 1,546,000 | 2,083,000 |
| Gross Profit | 3,372,000 | 5,054,000 | 6,792,000 | 7,726,000 | 7,326,000 | 6,660,000 | 7,613,000 | 9,169,000 | 10,776,000 | 12,551,000 | 14,728,000 | 17,198,000 | 22,258,000 |
| Admin Expenses | |||||||||||||
| Operating Profit | |||||||||||||
| Interest Payable | 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 |
| Pre-Tax Profit | 2,630,000 | -1,094,000 | -2,059,000 | 6,352,000 | 517,000 | 3,122,000 | -5,522,000 | 1,037,000 | -7,700,000 | 5,689,000 | 4,460,000 | 9,602,000 | 5,812,000 |
| Tax | -499,000 | 209,000 | 391,000 | -1,132,000 | -41,000 | -25,000 | 1,134,000 | -1,093,000 | 1,758,000 | -1,430,000 | -1,229,000 | -2,513,000 | -1,093,000 |
| Profit After Tax | 2,131,000 | -885,000 | -1,668,000 | 5,220,000 | 476,000 | 3,097,000 | -4,388,000 | -56,000 | -5,942,000 | 4,259,000 | 3,231,000 | 7,089,000 | 4,719,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000,000 | 0 | 0 | 9,000,000 | 0 |
| Retained Profit | 2,131,000 | -885,000 | -1,668,000 | 5,220,000 | 476,000 | 3,097,000 | -4,388,000 | -56,000 | -10,942,000 | 4,259,000 | 3,231,000 | -1,911,000 | 4,719,000 |
| Employee Costs | 0 | 0 | 0 | 153,000 | 174,000 | 174,000 | 182,000 | 0 | 0 | 243,000 | 0 | 0 | |
| Number Of Employees | |||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,000 | 10,000 | 10,039,000 | 13,593,000 | 4,540,000 | 11,000,000 | 4,798,000 | 117,000 | 224,000 | 379,000 | 548,000 | 740,000 | 93,172,000 |
| Intangible Assets | 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 | 93,172,000 |
| Debtors (Due After 1 year) | 5,000 | 5,000 | 10,039,000 | 13,587,000 | 4,533,000 | 10,991,000 | 4,787,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,000 | 5,000 | 10,039,000 | 13,593,000 | 4,540,000 | 11,000,000 | 4,798,000 | 117,000 | 224,000 | 379,000 | 548,000 | 740,000 | 93,172,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 11,856,000 | 0 | 32,000 | 47,000 | 147,000 | 2,874,000 | 775,000 | 1,156,000 | 1,854,000 | 1,358,000 | 1,727,000 |
| Group Debtors | 16,002,000 | 18,145,000 | 0 | 4,962,000 | 15,606,000 | 15,186,000 | 10,629,000 | 1,378,000 | 0 | 6,323,000 | 0 | 4,817,000 | 7,917,000 |
| Misc Debtors | 151,000 | 11,205,000 | 0 | 0 | 0 | 0 | 0 | 0 | 243,000 | 453,000 | 591,000 | 666,000 | 247,000 |
| Cash | 13,868,000 | 9,427,000 | 39,620,000 | 13,623,000 | 20,857,000 | 26,961,000 | 26,813,000 | 26,002,000 | 31,983,000 | 32,770,000 | 30,421,000 | 15,352,000 | 11,043,000 |
| misc current assets | 0 | 0 | 0 | 31,914,000 | 35,977,000 | 36,506,000 | 37,174,000 | 43,006,000 | 51,870,000 | 58,454,000 | 66,554,000 | 76,609,000 | 1,207,000 |
| total current assets | 30,021,000 | 39,377,000 | 51,868,000 | 50,499,000 | 72,472,000 | 78,700,000 | 74,763,000 | 73,260,000 | 84,871,000 | 99,156,000 | 99,420,000 | 98,802,000 | 22,141,000 |
| total assets | 30,026,000 | 39,382,000 | 61,907,000 | 64,092,000 | 77,012,000 | 89,700,000 | 79,561,000 | 73,377,000 | 85,095,000 | 99,535,000 | 99,968,000 | 99,542,000 | 115,313,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 16,002,000 | 18,145,000 | 27,617,000 | 31,914,000 | 34,799,000 | 35,289,000 | 35,934,000 | 43,006,000 | 50,728,000 | 58,454,000 | 66,554,000 | 76,609,000 | 93,896,000 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,000 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 611,000 | 9,955,000 | 22,123,000 | 18,343,000 | 22,267,000 | 32,636,000 | 25,819,000 | 18,676,000 | 22,616,000 | 18,388,000 | 14,980,000 | 2,474,000 | 4,299,000 |
| total current liabilities | 16,613,000 | 28,100,000 | 49,740,000 | 50,257,000 | 57,066,000 | 67,925,000 | 61,753,000 | 61,682,000 | 73,344,000 | 76,842,000 | 81,534,000 | 79,083,000 | 98,199,000 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 18,132,000 | 22,742,000 | 21,002,000 | 0 | 0 | 0 | 0 | 10,512,000 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 9,066,000 | 11,371,000 | 10,501,000 | 0 | 0 | 0 | 0 | 5,256,000 | 0 |
| total liabilities | 16,613,000 | 28,100,000 | 49,740,000 | 50,257,000 | 66,132,000 | 79,296,000 | 72,254,000 | 61,682,000 | 73,344,000 | 76,842,000 | 81,534,000 | 84,339,000 | 98,199,000 |
| net assets | 13,413,000 | 11,282,000 | 12,167,000 | 13,835,000 | 10,880,000 | 10,404,000 | 7,307,000 | 11,695,000 | 11,751,000 | 22,693,000 | 18,434,000 | 15,203,000 | 17,114,000 |
| total shareholders funds | 13,413,000 | 11,282,000 | 12,167,000 | 13,835,000 | 10,880,000 | 10,404,000 | 7,307,000 | 11,695,000 | 11,751,000 | 22,693,000 | 18,434,000 | 15,203,000 | 17,114,000 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -499,000 | 209,000 | 391,000 | -1,132,000 | -41,000 | -25,000 | 1,134,000 | -1,093,000 | 1,758,000 | -1,430,000 | -1,229,000 | -2,513,000 | -1,093,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,197,000 | 7,460,000 | 3,346,000 | -1,622,000 | -6,053,000 | 10,661,000 | 11,311,000 | 3,234,000 | -6,914,000 | 5,487,000 | -4,396,000 | -3,050,000 | 9,891,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 4,000 |
| Accruals and Deferred Income | -9,344,000 | -12,168,000 | 3,780,000 | -3,924,000 | -10,369,000 | 6,817,000 | 7,143,000 | -3,940,000 | 4,228,000 | 3,408,000 | 12,506,000 | -1,825,000 | 4,299,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -18,132,000 | -4,610,000 | 1,740,000 | 21,002,000 | 0 | 0 | 0 | -10,512,000 | 10,512,000 | 0 |
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -93,172,000 | 93,172,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -2,143,000 | -9,472,000 | -4,297,000 | -2,885,000 | -490,000 | -645,000 | -7,072,000 | -7,722,000 | -7,726,000 | -8,100,000 | -10,055,000 | -17,287,000 | 93,896,000 |
| Group/Directors Accounts | 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 |
| Long term loans | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 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 |
| cash flow from financing | -2,143,000 | -9,472,000 | -4,297,000 | -5,150,000 | -490,000 | -645,000 | -7,072,000 | -7,722,000 | -7,726,000 | -8,100,000 | -10,055,000 | -17,287,000 | 106,291,000 |
| cash and cash equivalents | |||||||||||||
| cash | 4,441,000 | -30,193,000 | 25,997,000 | -7,234,000 | -6,104,000 | 148,000 | 811,000 | -5,981,000 | -787,000 | 2,349,000 | 15,069,000 | 4,309,000 | 11,043,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,441,000 | -30,193,000 | 25,997,000 | -7,234,000 | -6,104,000 | 148,000 | 811,000 | -5,981,000 | -787,000 | 2,349,000 | 15,069,000 | 4,309,000 | 11,043,000 |
P&L
December 2021turnover
4.4m
-27%
operating profit
3.7m
0%
gross margin
76.4%
-8.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
13.4m
+0.19%
total assets
30m
-0.24%
cash
13.9m
+0.47%
net assets
Total assets minus all liabilities
Similar Companies
solution personal finance limited company details
company number
02493897
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
April 1990
age
34
accounts
Full Accounts
ultimate parent company
previous names
littlewoods personal finance limited (September 2004)
mortgage connection limited (July 1999)
incorporated
UK
address
c/o teneo financial advisory lim, 3rd floor, the colmore building, birmingham, west midlands, B4 6AT
last accounts submitted
December 2021
solution personal 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 did not find charges/mortgages relating to solution personal finance limited.
solution personal finance limited Companies House Filings - See Documents
| date | description | view/download |
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