blackfriars asset management limited
blackfriars asset management limited Company Information
Company Number
03173991
Next Accounts
Sep 2025
Shareholders
simon associates limited
Group Structure
View All
Industry
Security and commodity contracts brokerage
Registered Address
landmark 4th floor, 78, cannon street, london, EC4N 6HL
Website
www.blackfriarsam.comblackfriars asset management limited Estimated Valuation
Pomanda estimates the enterprise value of BLACKFRIARS ASSET MANAGEMENT LIMITED at £3.6k based on a Turnover of £4k and 0.9x industry multiple (adjusted for size and gross margin).
blackfriars asset management limited Estimated Valuation
Pomanda estimates the enterprise value of BLACKFRIARS ASSET MANAGEMENT LIMITED at £0 based on an EBITDA of £-99.7k and a 3.82x industry multiple (adjusted for size and gross margin).
blackfriars asset management limited Estimated Valuation
Pomanda estimates the enterprise value of BLACKFRIARS ASSET MANAGEMENT LIMITED at £178.7k based on Net Assets of £100.8k and 1.77x industry multiple (adjusted for liquidity).
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Blackfriars Asset Management Limited Overview
Blackfriars Asset Management Limited is a live company located in london, EC4N 6HL with a Companies House number of 03173991. It operates in the security and commodity contracts dealing activities sector, SIC Code 66120. Founded in March 1996, it's largest shareholder is simon associates limited with a 100% stake. Blackfriars Asset Management Limited is a mature, micro sized company, Pomanda has estimated its turnover at £4k with declining growth in recent years.
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Blackfriars Asset Management Limited Health Check
Pomanda's financial health check has awarded Blackfriars Asset Management Limited a 3.5 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
4 Strong
1 Regular
5 Weak
Size
annual sales of £4k, make it smaller than the average company (£10.3m)
£4k - Blackfriars Asset Management Limited
£10.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (4.8%)
-16% - Blackfriars Asset Management Limited
4.8% - Industry AVG
Production
with a gross margin of 43%, this company has a comparable cost of product (43%)
43% - Blackfriars Asset Management Limited
43% - Industry AVG
Profitability
an operating margin of -2514% make it less profitable than the average company (7.6%)
-2514% - Blackfriars Asset Management Limited
7.6% - Industry AVG
Employees
with 3 employees, this is below the industry average (18)
3 - Blackfriars Asset Management Limited
18 - Industry AVG
Pay Structure
on an average salary of £8.9k, the company has a lower pay structure (£122.9k)
£8.9k - Blackfriars Asset Management Limited
£122.9k - Industry AVG
Efficiency
resulting in sales per employee of £1.3k, this is less efficient (£350.1k)
£1.3k - Blackfriars Asset Management Limited
£350.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Blackfriars Asset Management Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 2290 days, this is slower than average (73 days)
2290 days - Blackfriars Asset Management Limited
73 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Blackfriars Asset Management Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 208 weeks, this is more cash available to meet short term requirements (35 weeks)
208 weeks - Blackfriars Asset Management Limited
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.7%, this is a lower level of debt than the average (69.4%)
20.7% - Blackfriars Asset Management Limited
69.4% - Industry AVG
BLACKFRIARS ASSET MANAGEMENT LIMITED financials
Blackfriars Asset Management Limited's latest turnover from December 2023 is £4 thousand and the company has net assets of £100.8 thousand. According to their latest financial statements, Blackfriars Asset Management Limited has 3 employees and maintains cash reserves of £105.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | 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 | 3,967 | 3,444 | 4,924 | 6,703 | 345,906 | 740,000 | 950,000 | 837,000 | 1,203,000 | 1,091,000 | 932,000 | 1,086,000 | 2,600,000 | 5,272,000 | 4,856,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -99,731 | -117,674 | -126,225 | -141,189 | -1,217,134 | -1,536,000 | -1,364,000 | -1,398,000 | -1,503,000 | -1,421,000 | -1,535,000 | -1,535,000 | -3,973,000 | -2,472,000 | -6,174,000 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 935 | 113 | 6 | 87 | 5,019 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 48,000 | 65,000 | 6,000 |
| Pre-Tax Profit | -98,796 | -117,561 | -126,219 | -141,102 | -1,212,115 | -1,534,000 | -1,362,000 | -1,397,000 | -1,502,000 | -1,420,000 | -1,534,000 | -1,534,000 | -3,925,000 | -2,407,000 | -6,331,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | -26,000 | -47,000 |
| Profit After Tax | -98,796 | -117,561 | -126,219 | -141,102 | -1,212,115 | -1,534,000 | -1,362,000 | -1,397,000 | -1,502,000 | -1,420,000 | -1,534,000 | -1,534,000 | -3,880,000 | -2,433,000 | -6,378,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -98,796 | -117,561 | -126,219 | -141,102 | -1,212,115 | -1,534,000 | -1,362,000 | -1,397,000 | -1,502,000 | -1,420,000 | -1,534,000 | -1,534,000 | -3,880,000 | -2,433,000 | -6,378,000 |
| Employee Costs | 26,730 | 39,026 | 30,020 | 31,603 | 715,108 | 1,411,000 | 1,404,000 | 1,428,000 | 1,792,000 | 1,642,000 | 1,532,000 | 1,587,000 | 4,183,000 | 4,507,000 | 5,818,000 |
| Number Of Employees | 3 | 4 | 4 | 4 | 7 | 13 | 14 | 14 | 16 | 17 | 19 | 38 | 43 | ||
| EBITDA* | -99,731 | -117,477 | -122,647 | -132,625 | -1,205,711 | -1,521,000 | -1,351,000 | -1,362,000 | -1,455,000 | -1,360,000 | -1,434,000 | -1,435,000 | -3,877,000 | -2,367,000 | -6,137,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | 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 | 0 | 0 | 197 | 3,775 | 10,339 | 238,000 | 251,000 | 247,000 | 245,000 | 282,000 | 162,000 | 260,000 | 349,000 | 384,000 | 457,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 9,000 | 20,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 222,000 | 214,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270,000 | 744,000 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 197 | 3,775 | 10,339 | 238,000 | 252,000 | 248,000 | 254,000 | 302,000 | 384,000 | 744,000 | 1,093,000 | 384,000 | 457,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 94,000 | 120,000 | 112,000 | 144,000 | 135,000 | 274,000 | 284,000 | 469,000 | 1,059,000 | 800,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19,000 |
| Misc Debtors | 21,655 | 21,274 | 18,974 | 16,186 | 36,264 | 177,000 | 188,000 | 456,000 | 263,000 | 259,000 | 452,000 | 437,000 | 962,000 | 302,000 | 872,000 |
| Cash | 105,466 | 85,265 | 71,616 | 84,732 | 96,235 | 666,000 | 380,000 | 642,000 | 457,000 | 591,000 | 1,310,000 | 2,274,000 | 2,861,000 | 16,530,000 | 10,170,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 127,121 | 106,539 | 90,590 | 100,918 | 132,499 | 937,000 | 688,000 | 1,210,000 | 864,000 | 985,000 | 2,036,000 | 2,995,000 | 4,292,000 | 17,891,000 | 11,861,000 |
| total assets | 127,121 | 106,539 | 90,787 | 104,693 | 142,838 | 1,175,000 | 940,000 | 1,458,000 | 1,118,000 | 1,287,000 | 2,420,000 | 3,739,000 | 5,385,000 | 18,275,000 | 12,318,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,187 | 12,995 | 1,494 | 1,586 | 7,580 | 93,000 | 36,000 | 44,000 | 134,000 | 35,000 | 90,000 | 80,000 | 111,000 | 82,000 | 88,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,861,000 |
| other short term finances | 0 | 0 | 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 | 0 | 0 |
| other current liabilities | 12,171 | 13,985 | 12,173 | 19,768 | 10,817 | 367,000 | 275,000 | 223,000 | 196,000 | 162,000 | 420,000 | 495,000 | 816,000 | 2,061,000 | 2,382,000 |
| total current liabilities | 26,358 | 26,980 | 13,667 | 21,354 | 18,397 | 460,000 | 311,000 | 267,000 | 330,000 | 197,000 | 510,000 | 575,000 | 927,000 | 2,143,000 | 8,331,000 |
| loans | 0 | 0 | 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 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270,000 | 530,000 | 1,474,000 | 896,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 270,000 | 530,000 | 1,474,000 | 896,000 |
| total liabilities | 26,358 | 26,980 | 13,667 | 21,354 | 18,397 | 460,000 | 311,000 | 267,000 | 330,000 | 197,000 | 510,000 | 845,000 | 1,457,000 | 3,617,000 | 9,227,000 |
| net assets | 100,763 | 79,559 | 77,120 | 83,339 | 124,441 | 715,000 | 629,000 | 1,191,000 | 788,000 | 1,090,000 | 1,910,000 | 2,894,000 | 3,928,000 | 14,658,000 | 3,091,000 |
| total shareholders funds | 100,763 | 79,559 | 77,120 | 83,339 | 124,441 | 715,000 | 629,000 | 1,191,000 | 788,000 | 1,090,000 | 1,910,000 | 2,894,000 | 3,928,000 | 14,658,000 | 3,091,000 |
| Dec 2023 | Dec 2022 | 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 | -99,731 | -117,674 | -126,225 | -141,189 | -1,217,134 | -1,536,000 | -1,364,000 | -1,398,000 | -1,503,000 | -1,421,000 | -1,535,000 | -1,535,000 | -3,973,000 | -2,472,000 | -6,174,000 |
| Depreciation | 0 | 197 | 3,578 | 8,564 | 11,252 | 14,000 | 13,000 | 28,000 | 37,000 | 42,000 | 101,000 | 100,000 | 96,000 | 105,000 | 37,000 |
| Amortisation | 0 | 0 | 0 | 0 | 171 | 1,000 | 0 | 8,000 | 11,000 | 19,000 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,000 | -26,000 | -47,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 381 | 2,300 | 2,788 | -20,078 | -234,736 | -37,000 | -260,000 | 161,000 | 13,000 | -332,000 | -265,000 | -1,184,000 | 814,000 | -330,000 | 1,691,000 |
| Creditors | 1,192 | 11,501 | -92 | -5,994 | -85,420 | 57,000 | -8,000 | -90,000 | 99,000 | -55,000 | 10,000 | -31,000 | 29,000 | -6,000 | 88,000 |
| Accruals and Deferred Income | -1,814 | 1,812 | -7,595 | 8,951 | -356,183 | 92,000 | 52,000 | 27,000 | 34,000 | -258,000 | -345,000 | -581,000 | -2,189,000 | 257,000 | 3,278,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -100,734 | -106,464 | -133,122 | -109,590 | -1,412,578 | -1,335,000 | -1,047,000 | -1,586,000 | -1,335,000 | -1,341,000 | -1,504,000 | -863,000 | -6,806,000 | -1,812,000 | -4,509,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -11,000 | -11,000 | -241,000 | -32,000 | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -222,000 | 8,000 | 214,000 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -19,000 | -225,000 | -241,000 | -32,000 | ||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | -5,861,000 | 5,861,000 |
| Other Short Term Loans | 0 | 0 | 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 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 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 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 935 | 113 | 6 | 87 | 5,019 | 2,000 | 2,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 48,000 | 65,000 | 6,000 |
| cash flow from financing | 120,935 | 120,113 | 120,006 | 100,087 | 626,575 | 1,622,000 | 802,000 | 1,801,000 | 1,201,000 | 601,000 | 551,000 | 501,000 | -6,802,000 | 8,204,000 | 15,336,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 20,201 | 13,649 | -13,116 | -11,503 | -569,765 | 286,000 | -262,000 | 185,000 | -134,000 | -719,000 | -964,000 | -587,000 | -13,669,000 | 6,360,000 | 10,170,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 20,201 | 13,649 | -13,116 | -11,503 | -569,765 | 286,000 | -262,000 | 185,000 | -134,000 | -719,000 | -964,000 | -587,000 | -13,669,000 | 6,360,000 | 10,170,000 |
blackfriars asset management limited Credit Report and Business Information
Blackfriars Asset Management Limited Competitor Analysis
Perform a competitor analysis for blackfriars asset management limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC4N area or any other competitors across 12 key performance metrics.
blackfriars asset management limited Ownership
BLACKFRIARS ASSET MANAGEMENT LIMITED group structure
Blackfriars Asset Management Limited has no subsidiary companies.
Ultimate parent company
SIMON ASSOCIATES LTD
#0174218
1 parent
BLACKFRIARS ASSET MANAGEMENT LIMITED
03173991
blackfriars asset management limited directors
Blackfriars Asset Management Limited currently has 3 directors. The longest serving directors include Mr Hugh Simon (May 2011) and Mr Andrew Hicks (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Hugh Simon | England | 69 years | May 2011 | - | Director |
| Mr Andrew Hicks | United Kingdom | 57 years | Nov 2019 | - | Director |
| Mrs Anastasia Levashova | England | 48 years | Jul 2024 | - | Director |
P&L
December 2023turnover
4k
+15%
operating profit
-99.7k
-15%
gross margin
43.1%
+2.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
100.8k
+0.27%
total assets
127.1k
+0.19%
cash
105.5k
+0.24%
net assets
Total assets minus all liabilities
blackfriars asset management limited company details
company number
03173991
Type
Private limited with Share Capital
industry
66120 - Security and commodity contracts brokerage
incorporation date
March 1996
age
29
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
westlb mellon asset management (uk) limited (February 2009)
westlb asset management (uk) limited (April 2006)
See moreaccountant
-
auditor
LINDEYER FRANCIS FERGUSON LIMITED
address
landmark 4th floor, 78, cannon street, london, EC4N 6HL
Bank
-
Legal Advisor
-
blackfriars asset management 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 blackfriars asset management limited.
blackfriars asset management 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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blackfriars asset management limited Companies House Filings - See Documents
| date | description | view/download |
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