housing association funding plc
housing association funding plc Company Information
Company Number
03194469
Registered Address
7th floor 21 lombard street, london, EC3V 9AH
Industry
Other business support service activities n.e.c.
Telephone
02038616500
Next Accounts Due
346 days late
Group Structure
View All
Shareholders
h a funding limited 100%
apex trust nominees no. 1 limited 0%
housing association funding plc Estimated Valuation
Pomanda estimates the enterprise value of HOUSING ASSOCIATION FUNDING PLC at £1.3m based on a Turnover of £4.3m and 0.31x industry multiple (adjusted for size and gross margin).
housing association funding plc Estimated Valuation
Pomanda estimates the enterprise value of HOUSING ASSOCIATION FUNDING PLC at £9.5m based on an EBITDA of £3.9m and a 2.42x industry multiple (adjusted for size and gross margin).
housing association funding plc Estimated Valuation
Pomanda estimates the enterprise value of HOUSING ASSOCIATION FUNDING PLC at £493.2k based on Net Assets of £217.5k and 2.27x industry multiple (adjusted for liquidity).
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Housing Association Funding Plc Overview
Housing Association Funding Plc is a live company located in london, EC3V 9AH with a Companies House number of 03194469. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 1996, it's largest shareholder is h a funding limited with a 100% stake. Housing Association Funding Plc is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.
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Housing Association Funding Plc Health Check
Pomanda's financial health check has awarded Housing Association Funding Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £4.3m, make it larger than the average company (£2.5m)
£4.3m - Housing Association Funding Plc
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (1.4%)
-15% - Housing Association Funding Plc
1.4% - Industry AVG
Production
with a gross margin of 2.6%, this company has a higher cost of product (37.2%)
2.6% - Housing Association Funding Plc
37.2% - Industry AVG
Profitability
an operating margin of 91.5% make it more profitable than the average company (5.3%)
91.5% - Housing Association Funding Plc
5.3% - Industry AVG
Employees
with 36 employees, this is above the industry average (21)
- Housing Association Funding Plc
21 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Housing Association Funding Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £119.5k, this is equally as efficient (£122.4k)
- Housing Association Funding Plc
£122.4k - Industry AVG
Debtor Days
it gets paid by customers after 171 days, this is later than average (41 days)
171 days - Housing Association Funding Plc
41 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Housing Association Funding Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Housing Association Funding Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is average cash available to meet short term requirements (28 weeks)
33 weeks - Housing Association Funding Plc
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (64.8%)
99.7% - Housing Association Funding Plc
64.8% - Industry AVG
housing association funding plc Credit Report and Business Information
Housing Association Funding Plc Competitor Analysis
Perform a competitor analysis for housing association funding plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
housing association funding plc Ownership
HOUSING ASSOCIATION FUNDING PLC group structure
Housing Association Funding Plc has no subsidiary companies.
Ultimate parent company
APEX GROUP LTD
#0070197
2 parents
HOUSING ASSOCIATION FUNDING PLC
03194469
housing association funding plc directors
Housing Association Funding Plc currently has 2 directors. The longest serving directors include Mrs Susan Lawrence (Dec 2009) and Mr Sean Martin (Jul 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Susan Lawrence | 62 years | Dec 2009 | - | Director | |
| Mr Sean Martin | 59 years | Jul 2015 | - | Director |
HOUSING ASSOCIATION FUNDING PLC financials
Housing Association Funding Plc's latest turnover from May 2021 is £4.3 million and the company has net assets of £217.5 thousand. According to their latest financial statements, we estimate that Housing Association Funding Plc has 36 employees and maintains cash reserves of £18.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,301,379 | 4,793,222 | 5,360,855 | 6,888,363 | 9,141,174 | 9,711,369 | 10,193,999 | 10,668,157 | 11,110,514 | 11,551,399 | 11,904,726 | 12,263,092 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,191,560 | 4,747,593 | 5,352,847 | 6,882,679 | 9,133,859 | 9,703,619 | 10,185,836 | 10,659,661 | 11,101,323 | 11,542,281 | 11,895,143 | 12,253,388 |
| Gross Profit | 109,819 | 45,629 | 8,008 | 5,684 | 7,315 | 7,750 | 8,163 | 8,496 | 9,191 | 9,118 | 9,583 | 9,704 |
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 174,454 | 0 | 0 | 497,031 | 824,599 | 689,876 | 180,304 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 3,064 | 0 | 8,008 | 5,684 | 7,293 | 7,702 | 8,163 | 8,496 | 9,191 | 9,118 | 9,426 | 9,704 |
| Tax | -582 | 0 | -1,521 | -1,080 | -1,444 | -1,541 | -1,633 | -1,699 | -1,838 | -1,824 | -1,980 | -2,038 |
| Profit After Tax | 2,482 | 0 | 6,487 | 4,604 | 5,849 | 6,161 | 6,530 | 6,797 | 7,353 | 7,294 | 7,446 | 7,666 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,482 | 0 | 6,487 | 4,604 | 5,849 | 6,161 | 6,530 | 6,797 | 7,353 | 7,294 | 7,446 | 7,666 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 53,486,558 | 61,273,958 | 68,491,920 | 86,552,774 | 118,920,166 | 127,485,058 | 135,458,695 | 142,931,872 | 149,913,369 | 156,436,564 | 162,502,325 | 168,201,978 |
| Debtors (Due After 1 year) | 37,498 | 37,498 | 37,498 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 53,524,056 | 61,311,456 | 68,529,418 | 86,552,774 | 118,920,166 | 127,485,058 | 135,458,695 | 142,931,872 | 149,913,369 | 156,436,564 | 162,502,325 | 168,201,978 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,024,056 | 2,270,476 | 2,484,020 | 0 | 0 | 0 | 0 | 0 | 5,486,067 | 5,673,215 | 5,832,667 | 5,976,616 |
| Group Debtors | 7,787,400 | 7,279,886 | 6,813,147 | 7,325,593 | 8,740,818 | 8,287,935 | 7,574,198 | 91,705 | 6,523,195 | 6,065,761 | 5,699,653 | 5,328,023 |
| Misc Debtors | 39,805 | 23,066 | 0 | 3,180,574 | 4,398,060 | 4,692,955 | 4,918,126 | 12,133,860 | 37,498 | 37,498 | 37,498 | 37,498 |
| Cash | 18,481,293 | 18,297,639 | 18,368,503 | 19,484,905 | 23,145,739 | 23,498,960 | 13,478,628 | 12,263,636 | 12,084,421 | 12,125,722 | 11,653,565 | 9,983,692 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 28,332,554 | 27,871,067 | 27,665,670 | 29,991,072 | 36,284,617 | 36,479,850 | 25,970,952 | 24,489,201 | 24,131,181 | 23,902,196 | 23,223,383 | 21,325,829 |
| total assets | 81,856,610 | 89,182,523 | 96,195,088 | 116,543,846 | 155,204,783 | 163,964,908 | 161,429,647 | 167,421,073 | 174,044,550 | 180,338,760 | 185,725,708 | 189,527,807 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 7,983,054 | 8,219,253 | 8,530,209 | 9,806,373 | 13,596,085 | 23,484,136 | 13,426,819 | 12,217,022 | 12,023,669 | 12,034,351 | 11,553,426 | 9,906,961 |
| other short term finances | 7,843,700 | 7,206,848 | 6,867,003 | 7,333,132 | 8,568,965 | 7,994,625 | 7,461,086 | 6,984,357 | 6,525,766 | 6,085,947 | 5,683,384 | 5,330,053 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 12,561,575 | 12,298,185 | 12,132,791 | 12,647,029 | 13,830,533 | 4,713,832 | 4,783,563 | 5,006,960 | 5,304,821 | 5,509,754 | 5,701,538 | 5,827,495 |
| total current liabilities | 28,388,329 | 27,724,286 | 27,530,003 | 29,786,534 | 35,995,583 | 36,192,593 | 25,671,468 | 24,208,339 | 23,854,256 | 23,630,052 | 22,938,348 | 21,064,509 |
| loans | 53,250,799 | 61,243,237 | 68,450,085 | 86,548,799 | 119,005,291 | 127,574,255 | 135,566,280 | 143,027,365 | 150,011,722 | 156,537,489 | 162,623,435 | 168,306,819 |
| hp & lease commitments | 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 |
| other liabilities | 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 |
| total long term liabilities | 53,250,799 | 61,243,237 | 68,450,085 | 86,548,799 | 119,005,291 | 127,574,255 | 135,566,280 | 143,027,365 | 150,011,722 | 156,537,489 | 162,623,435 | 168,306,819 |
| total liabilities | 81,639,128 | 88,967,523 | 95,980,088 | 116,335,333 | 155,000,874 | 163,766,848 | 161,237,748 | 167,235,704 | 173,865,978 | 180,167,541 | 185,561,783 | 189,371,328 |
| net assets | 217,482 | 215,000 | 215,000 | 208,513 | 203,909 | 198,060 | 191,899 | 185,369 | 178,572 | 171,219 | 163,925 | 156,479 |
| total shareholders funds | 217,482 | 215,000 | 215,000 | 208,513 | 203,909 | 198,060 | 191,899 | 185,369 | 178,572 | 171,219 | 163,925 | 156,479 |
| May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 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 |
| Tax | -582 | 0 | -1,521 | -1,080 | -1,444 | -1,541 | -1,633 | -1,699 | -1,838 | -1,824 | -1,980 | -2,038 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 277,833 | 276,261 | -1,171,502 | -2,632,711 | 157,988 | 488,566 | 266,759 | 178,805 | 270,286 | 206,656 | 227,681 | 11,342,137 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 263,390 | 165,394 | -514,238 | -1,183,504 | 9,116,701 | -69,731 | -223,397 | -297,861 | -204,933 | -191,784 | -125,957 | 5,827,495 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | 0 | 0 | 0 | 33,642,201 | 7,973,637 | 7,473,178 | 6,981,497 | |||||
| Change in Investments | -7,787,400 | -7,217,962 | -18,060,854 | -32,367,392 | -8,564,892 | -7,973,637 | -7,473,177 | -6,981,497 | -6,523,195 | -6,065,761 | -5,699,653 | 168,201,978 |
| cash flow from investments | 7,787,400 | 7,217,962 | 18,060,854 | 66,009,593 | 16,538,529 | 15,446,815 | 14,454,674 | |||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -236,199 | -310,956 | -1,276,164 | -3,789,712 | -9,888,051 | 10,057,317 | 1,209,797 | 193,353 | -10,682 | 480,925 | 1,646,465 | 9,906,961 |
| Other Short Term Loans | 636,852 | 339,845 | -466,129 | -1,235,833 | 574,340 | 533,539 | 476,729 | 458,591 | 439,819 | 402,563 | 353,331 | 5,330,053 |
| Long term loans | -7,992,438 | -7,206,848 | -18,098,714 | -32,456,492 | -8,568,964 | -7,992,025 | -7,461,085 | -6,984,357 | -6,525,767 | -6,085,946 | -5,683,384 | 168,306,819 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | 174,454 | 0 | 0 | 497,031 | 824,599 | 689,876 | 180,304 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -7,417,331 | -7,177,959 | -19,841,007 | -36,985,006 | -17,058,076 | 3,288,707 | -5,594,255 | -6,332,413 | -6,096,630 | -5,202,458 | -3,683,588 | 183,692,646 |
| cash and cash equivalents | ||||||||||||
| cash | 183,654 | -70,864 | -1,116,402 | -3,660,834 | -353,221 | 10,020,332 | 1,214,992 | 179,215 | -41,301 | 472,157 | 1,669,873 | 9,983,692 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 183,654 | -70,864 | -1,116,402 | -3,660,834 | -353,221 | 10,020,332 | 1,214,992 | 179,215 | -41,301 | 472,157 | 1,669,873 | 9,983,692 |
P&L
May 2021turnover
4.3m
-10%
operating profit
3.9m
0%
gross margin
2.6%
+168.2%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2021net assets
217.5k
+0.01%
total assets
81.9m
-0.08%
cash
18.5m
+0.01%
net assets
Total assets minus all liabilities
Similar Companies
housing association funding plc company details
company number
03194469
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
May 1996
age
28
accounts
Full Accounts
ultimate parent company
previous names
housing association finance corporation no. 1 plc (February 1997)
swallowmist plc (December 1996)
incorporated
UK
address
7th floor 21 lombard street, london, EC3V 9AH
last accounts submitted
May 2021
housing association funding plc 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 7 charges/mortgages relating to housing association funding plc. Currently there are 0 open charges and 7 have been satisfied in the past.
housing association funding plc Companies House Filings - See Documents
| date | description | view/download |
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