Finclass Limited

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finclass limited Company Information

Company Number

03024932

Next Accounts

Dec 2025

Directors

Gordon Hogg

Alexander Hogg

Shareholders

crislex limited

Group Structure

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Industry

Wholesale of meat and meat products

Registered Address

201-202 hercules road, london, SE1 7LD

Website

www.smithfieldmarket.com

finclass limited Estimated Valuation

£9.9m

Pomanda estimates the enterprise value of FINCLASS LIMITED at £9.9m based on Net Assets of £4.2m and 2.37x industry multiple (adjusted for liquidity).

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Finclass Limited is a live company located in london, SE1 7LD with a Companies House number of 03024932. It operates in the wholesale of meat and meat products sector, SIC Code 46320. Founded in February 1995, it's largest shareholder is crislex limited with a 100% stake. Finclass Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.2m with high growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £10.2m, make it smaller than the average company (£27.4m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (11.1%)

EXPORT

Finclass Limited's latest turnover from March 2024 is estimated at £10.2 million and the company has net assets of £4.2 million. According to their latest financial statements, Finclass Limited has 30 employees and maintains cash reserves of £782.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Mar 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	10,242,761	8,477,008	6,383,213	5,149,503	3,497,828	5,493,178	5,980,695	3,883,687	3,780,430	4,653,677	4,066,866	5,811,347	5,898,641	5,890,763	5,808,393
Other Income Or Grants
Cost Of Sales	8,928,950	7,337,950	5,517,901	4,493,286	3,058,596	4,761,243	5,383,989	3,487,532	3,295,848	4,137,244	3,636,611	5,184,804	5,269,801	5,226,443	5,197,605
Gross Profit	1,313,810	1,139,058	865,312	656,217	439,233	731,936	596,706	396,155	484,582	516,433	430,255	626,544	628,840	664,320	610,787
Admin Expenses	5,645,992	-7,482,661	-323,789	1,852,244	83,950	976,394	302,414	-134,396	423,872	189,037	-127,710	1,071,652	1,285,106	262,204	583,838	-1,369,073
Operating Profit	-4,332,182	8,621,719	1,189,101	-1,196,027	355,283	-244,458	294,292	530,551	60,710	327,396	557,965	-445,108	-656,266	402,116	26,949	1,369,073
Interest Payable
Interest Receivable	34,238	36,879	11,332	823	1,234	7,032	6,910	1,952	1,648	2,561	1,707	2,115	3,145	3,072	2,459	1,136
Pre-Tax Profit	-4,297,944	8,658,598	1,200,433	-1,195,204	356,517	-237,426	301,201	532,504	62,358	329,956	559,672	-442,994	-653,121	405,188	29,408	1,370,208
Tax		-1,645,134	-228,082		-67,738		-57,228	-101,176	-12,471	-65,991	-117,531			-105,349	-8,234	-383,658
Profit After Tax	-4,297,944	7,013,464	972,351	-1,195,204	288,779	-237,426	243,973	431,328	49,886	263,965	442,141	-442,994	-653,121	299,839	21,174	986,550
Dividends Paid
Retained Profit	-4,297,944	7,013,464	972,351	-1,195,204	288,779	-237,426	243,973	431,328	49,886	263,965	442,141	-442,994	-653,121	299,839	21,174	986,550
Employee Costs	1,207,641	1,004,983	814,065	636,582	1,095,893	1,024,916	905,775	316,800	291,791	330,950	271,935	398,622	371,302	404,617	410,290
Number Of Employees	30	27	23	19	33	33	32	11	10	12	10	15	14	15	15
EBITDA*	-4,191,888	8,703,420	1,206,640	-1,130,292	501,342	-66,003	453,505	588,248	70,608	338,370	571,053	-430,627	-638,586	416,564	46,605	1,386,813

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Mar 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	862,482	4,704	86,405	103,944	169,679	315,738	386,199	135,435	19,257	22,821	33,795	39,383	53,864	41,733	56,418	52,140
Intangible Assets
Investments & Other	501,485									90	90	1	1	1	1	1
Debtors (Due After 1 year)
Total Fixed Assets	1,363,967	4,704	86,405	103,944	169,679	315,738	386,199	135,435	19,257	22,911	33,885	39,384	53,865	41,734	56,419	52,141
Stock & work in progress	74,592	72,773	76,613	21,351	16,496	21,731	22,637	22,085	21,571	21,704	21,948	21,688	21,348	20,883	20,275	22,417
Trade Debtors	1,519,119	1,104,817	833,620	703,629	203,680	723,468	711,130	698,922	652,871	679,818	598,122	658,801	739,770	1,000,531	908,088	872,298
Group Debtors		2,500,000
Misc Debtors	1,349,460	6,375,037	51,994	44,084	111,921	65,902	59,922	77,145	37,574
Cash	782,374	521,935	1,213,525	81,606	1,564,357	904,253	970,857	871,706	690,177	628,206	396,059	286,930	558,871	699,163	529,525	454,205
misc current assets
total current assets	3,725,545	10,574,562	2,175,752	850,670	1,896,454	1,715,354	1,764,546	1,669,858	1,402,193	1,329,728	1,016,129	967,419	1,319,989	1,720,577	1,457,888	1,348,920
total assets	5,089,512	10,579,266	2,262,157	954,614	2,066,133	2,031,092	2,150,745	1,805,293	1,421,450	1,352,639	1,050,014	1,006,803	1,373,854	1,762,311	1,514,307	1,401,061
Bank overdraft
Bank loan
Trade Creditors	427,094	496,910	356,323	361,232	190,634	282,065	287,183	258,136	251,761	434,085	395,425	794,355	718,412	453,748	505,583	413,511
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	367,164	1,596,651	433,593	93,492	180,405	342,712	219,821	147,389	201,249
total current liabilities	794,258	2,093,561	789,916	454,724	371,039	624,777	507,004	405,525	453,010	434,085	395,425	794,355	718,412	453,748	505,583	413,511
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions	107,493
total long term liabilities	107,493
total liabilities	901,751	2,093,561	789,916	454,724	371,039	624,777	507,004	405,525	453,010	434,085	395,425	794,355	718,412	453,748	505,583	413,511
net assets	4,187,761	8,485,705	1,472,241	499,890	1,695,094	1,406,315	1,643,741	1,399,768	968,440	918,554	654,589	212,448	655,442	1,308,563	1,008,724	987,550
total shareholders funds	4,187,761	8,485,705	1,472,241	499,890	1,695,094	1,406,315	1,643,741	1,399,768	968,440	918,554	654,589	212,448	655,442	1,308,563	1,008,724	987,550

	Mar 2024	Mar 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-4,332,182	8,621,719	1,189,101	-1,196,027	355,283	-244,458	294,292	530,551	60,710	327,396	557,965	-445,108	-656,266	402,116	26,949	1,369,073
Depreciation	140,294	81,701	17,539	65,735	146,059	178,455	159,213	57,697	9,898	10,974	13,088	14,481	17,680	14,448	19,656	17,740
Amortisation
Tax		-1,645,134	-228,082		-67,738		-57,228	-101,176	-12,471	-65,991	-117,531			-105,349	-8,234	-383,658
Stock	1,819	-3,840	55,262	4,855	-5,235	-906	552	514	-133	-244	260	340	465	608	-2,142	22,417
Debtors	-7,111,275	9,094,240	137,901	432,112	-473,769	18,318	-5,015	85,622	10,627	81,696	-60,679	-80,969	-260,761	92,443	35,790	872,298
Creditors	-69,816	140,587	-4,909	170,598	-91,431	-5,118	29,047	6,375	-182,324	38,660	-398,930	75,943	264,664	-51,835	92,072	413,511
Accruals and Deferred Income	-1,229,487	1,163,058	340,101	-86,913	-162,307	122,891	72,432	-53,860	201,249
Deferred Taxes & Provisions	107,493
Cash flow from operations	1,725,758	-728,469	1,120,587	-1,483,574	658,870	34,358	502,219	353,451	66,568	229,587	115,011	-274,055	-113,626	166,329	96,795	521,951
Investing Activities
capital expenditure	-998,072					-107,994	-409,977	-173,875	-6,334		-7,500		-29,811	237	-23,934	-69,880
Change in Investments	501,485								-90		89					1
cash flow from investments	-1,499,557					-107,994	-409,977	-173,875	-6,244		-7,589		-29,811	237	-23,934	-69,881
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue																1,000
interest	34,238	36,879	11,332	823	1,234	7,032	6,910	1,952	1,648	2,561	1,707	2,115	3,145	3,072	2,459	1,136
cash flow from financing	34,238	36,879	11,332	823	1,234	7,032	6,910	1,952	1,648	2,561	1,707	2,115	3,145	3,072	2,459	2,136
cash and cash equivalents
cash	260,439	-691,590	1,131,919	-1,482,751	660,104	-66,604	99,151	181,529	61,971	232,147	109,129	-271,941	-140,292	169,638	75,320	454,205
overdraft
change in cash	260,439	-691,590	1,131,919	-1,482,751	660,104	-66,604	99,151	181,529	61,971	232,147	109,129	-271,941	-140,292	169,638	75,320	454,205

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FINCLASS LIMITED group structure

Finclass Limited has no subsidiary companies.

Ultimate parent company

FINCLASS LIMITED

03024932

FINCLASS LIMITED Shareholders

crislex limited

100%

Finclass Limited currently has 2 directors. The longest serving directors include Mr Gordon Hogg (Jan 1998) and Mr Alexander Hogg (Jan 2023).

officer	country	age	start	end	role
Mr Gordon Hogg	England	75 years	Jan 1998	-	Director
Mr Alexander Hogg	England	43 years	Jan 2023	-	Director

P&L

March 2024

turnover

10.2m

+21%

operating profit

-4.3m

gross margin

12.9%

-4.54%

turnover

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

Balance Sheet

March 2024

net assets

4.2m

-0.51%

total assets

5.1m

-0.52%

cash

782.4k

+0.5%

net assets

Total assets minus all liabilities

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company number

03024932

Type

Private limited with Share Capital

industry

46320 - Wholesale of meat and meat products

incorporation date

February 1995

ultimate parent company

None

previous names

N/A

address

201-202 hercules road, london, SE1 7LD

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 4 charges/mortgages relating to finclass limited. Currently there are 3 open charges and 1 have been satisfied in the past.

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finclass limited Company Information

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finclass limited Estimated Valuation

finclass limited Estimated Valuation

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