finance for residential social housing plc
finance for residential social housing plc Company Information
Company Number
03302722
Registered Address
6th floor 125 london wall, london, EC2Y 5AS
Industry
Other business support service activities n.e.c.
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Directors
Sean Martin8 Years
Shareholders
finance for residential social housing (holdings) ltd 100%
royal exchange trust company ltd 0%
finance for residential social housing plc Estimated Valuation
Pomanda estimates the enterprise value of FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC at £33.9m based on a Turnover of £56.1m and 0.61x industry multiple (adjusted for size and gross margin).
finance for residential social housing plc Estimated Valuation
Pomanda estimates the enterprise value of FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC at £291.6m based on an EBITDA of £61.5m and a 4.74x industry multiple (adjusted for size and gross margin).
finance for residential social housing plc Estimated Valuation
Pomanda estimates the enterprise value of FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC at £7.9m based on Net Assets of £3.5m and 2.27x industry multiple (adjusted for liquidity).
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Finance For Residential Social Housing Plc Overview
Finance For Residential Social Housing Plc is a live company located in london, EC2Y 5AS with a Companies House number of 03302722. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 1997, it's largest shareholder is finance for residential social housing (holdings) ltd with a 100% stake. Finance For Residential Social Housing Plc is a mature, large sized company, Pomanda has estimated its turnover at £56.1m with declining growth in recent years.
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Finance For Residential Social Housing Plc Health Check
Pomanda's financial health check has awarded Finance For Residential Social Housing Plc a 2.5 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
1 Regular
4 Weak
Size
annual sales of £56.1m, make it larger than the average company (£3.7m)
£56.1m - Finance For Residential Social Housing Plc
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3%)
-5% - Finance For Residential Social Housing Plc
3% - Industry AVG
Production
with a gross margin of 1.2%, this company has a higher cost of product (38.9%)
1.2% - Finance For Residential Social Housing Plc
38.9% - Industry AVG
Profitability
an operating margin of 109.6% make it more profitable than the average company (6.3%)
109.6% - Finance For Residential Social Housing Plc
6.3% - Industry AVG
Employees
with 356 employees, this is above the industry average (25)
- Finance For Residential Social Housing Plc
25 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Finance For Residential Social Housing Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £157.5k, this is equally as efficient (£157.6k)
- Finance For Residential Social Housing Plc
£157.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Finance For Residential Social Housing Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Finance For Residential Social Housing Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Finance For Residential Social Housing Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (24 weeks)
8 weeks - Finance For Residential Social Housing Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.5%, this is a higher level of debt than the average (63.6%)
99.5% - Finance For Residential Social Housing Plc
63.6% - Industry AVG
finance for residential social housing plc Credit Report and Business Information
Finance For Residential Social Housing Plc Competitor Analysis
Perform a competitor analysis for finance for residential social housing plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
finance for residential social housing plc Ownership
FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC group structure
Finance For Residential Social Housing Plc has no subsidiary companies.
Ultimate parent company
APEX GROUP LTD
#0070197
2 parents
FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC
03302722
finance for residential social housing plc directors
Finance For Residential Social Housing Plc currently has 1 director, Mr Sean Martin serving since Jul 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Sean Martin | 59 years | Jul 2015 | - | Director |
FINANCE FOR RESIDENTIAL SOCIAL HOUSING PLC financials
Finance For Residential Social Housing Plc's latest turnover from December 2022 is £56.1 million and the company has net assets of £3.5 million. According to their latest financial statements, we estimate that Finance For Residential Social Housing Plc has 356 employees and maintains cash reserves of £7.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 56,062,000 | 58,688,000 | 60,385,000 | 65,060,000 | 70,269,000 | 67,596,000 | 71,847,000 | 72,145,000 | 75,323,000 | 75,756,000 | 79,942,000 | 80,047,000 | 88,043,000 | 85,195,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 55,385,000 | 57,698,000 | 60,586,000 | 62,624,000 | 69,389,000 | 65,325,000 | 71,875,000 | 70,853,000 | 73,625,000 | 87,144,000 | ||||
| Gross Profit | 677,000 | 990,000 | -201,000 | 2,436,000 | 880,000 | 2,271,000 | -28,000 | 1,292,000 | 1,698,000 | 899,000 | ||||
| Admin Expenses | 2,149,000 | 1,383,000 | 680,000 | |||||||||||
| Operating Profit | -857,000 | 315,000 | -567,000 | 31,000 | 219,000 | |||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,853,000 | 73,625,000 | 75,128,000 | 78,651,000 | 59,000 | 59,000 | 82,776,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -229,000 | 359,000 | -945,000 | 1,571,000 | -52,000 | 1,343,000 | -913,000 | 435,000 | 315,000 | -567,000 | 31,000 | -722,000 | 219,000 | 1,056,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -2,000 | 0 | 2,000 |
| Profit After Tax | -229,000 | 359,000 | -945,000 | 1,571,000 | -52,000 | 1,343,000 | -913,000 | 435,000 | 315,000 | -567,000 | 30,000 | -724,000 | 219,000 | 1,058,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -229,000 | 359,000 | -945,000 | 1,571,000 | -52,000 | 1,343,000 | -913,000 | 435,000 | 315,000 | -567,000 | 30,000 | -724,000 | 219,000 | 1,058,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | ||||||||||||||
| EBITDA* | -857,000 | 315,000 | -567,000 | 31,000 | 219,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 1,283,014,000 | 1,349,892,000 | 705,458,000 | 737,684,000 | 772,039,000 | 800,536,000 | 827,222,000 | 853,853,000 | 877,641,000 | 904,443,000 | 926,342,000 | 948,229,000 | 980,124,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 595,592,000 | 12,000 | 12,000 | 705,458,000 | 737,672,000 | 772,027,000 | 800,524,000 | 827,210,000 | 853,841,000 | 877,629,000 | 904,431,000 | 926,342,000 | 948,229,000 | 0 |
| Debtors (Due After 1 year) | 0 | 641,501,000 | 674,940,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 595,592,000 | 641,513,000 | 674,952,000 | 705,458,000 | 737,684,000 | 772,039,000 | 800,536,000 | 827,222,000 | 853,853,000 | 877,641,000 | 904,443,000 | 926,342,000 | 948,229,000 | 980,124,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 15,000 | 10,000 | 219,000 | 316,000 | 12,000 | 12,000 | 12,000 |
| Cash | 7,943,000 | 3,563,000 | 3,136,000 | 3,862,000 | 2,963,000 | 2,878,000 | 2,896,000 | 3,144,000 | 2,897,000 | 2,909,000 | 2,767,000 | 2,944,000 | 3,763,000 | 4,513,000 |
| misc current assets | 42,621,000 | 29,169,000 | 29,869,000 | 28,748,000 | 28,020,000 | 28,105,000 | 25,976,000 | 26,387,000 | 25,265,000 | 23,952,000 | 22,796,000 | 22,503,000 | 21,287,000 | 21,466,000 |
| total current assets | 50,574,000 | 32,742,000 | 33,015,000 | 32,620,000 | 30,993,000 | 30,993,000 | 28,882,000 | 29,546,000 | 28,172,000 | 27,080,000 | 25,879,000 | 25,459,000 | 25,062,000 | 25,991,000 |
| total assets | 646,166,000 | 674,255,000 | 707,967,000 | 738,078,000 | 768,677,000 | 803,032,000 | 829,418,000 | 856,768,000 | 882,025,000 | 904,721,000 | 930,322,000 | 951,801,000 | 973,291,000 | 1,006,115,000 |
| Bank overdraft | 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 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 15,000 | 12,000 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 41,414,000 | 29,145,000 | 29,827,000 | 28,909,000 | 28,589,000 | 28,192,000 | 26,205,000 | 26,223,000 | 25,278,000 | 24,040,000 | 23,014,000 | 21,792,000 | 20,542,000 | 38,356,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,856,000 | 201,000 | 199,000 | 178,000 | 292,000 | 270,000 | 209,000 | 266,000 | 315,000 | 523,000 | 315,000 | 196,000 | 257,000 | 1,138,000 |
| total current liabilities | 46,270,000 | 29,346,000 | 30,026,000 | 29,087,000 | 28,881,000 | 28,462,000 | 26,414,000 | 26,489,000 | 25,593,000 | 24,563,000 | 23,329,000 | 22,003,000 | 20,811,000 | 39,494,000 |
| loans | 593,899,000 | 638,683,000 | 672,074,000 | 702,179,000 | 734,555,000 | 769,277,000 | 799,054,000 | 825,416,000 | 852,004,000 | 878,545,000 | 904,813,000 | 1,852,796,000 | 1,896,712,000 | 1,922,932,000 |
| hp & lease commitments | 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 | 0 | 0 | 0 |
| other liabilities | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 0 | 0 | 0 | 0 | 2,500,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 596,399,000 | 641,183,000 | 674,574,000 | 704,679,000 | 737,055,000 | 771,777,000 | 801,554,000 | 827,916,000 | 854,504,000 | 878,545,000 | 904,813,000 | 927,648,000 | 949,606,000 | 963,966,000 |
| total liabilities | 642,669,000 | 670,529,000 | 704,600,000 | 733,766,000 | 765,936,000 | 800,239,000 | 827,968,000 | 854,405,000 | 880,097,000 | 903,108,000 | 928,142,000 | 949,651,000 | 970,417,000 | 1,003,460,000 |
| net assets | 3,497,000 | 3,726,000 | 3,367,000 | 4,312,000 | 2,741,000 | 2,793,000 | 1,450,000 | 2,363,000 | 1,928,000 | 1,613,000 | 2,180,000 | 2,150,000 | 2,874,000 | 2,655,000 |
| total shareholders funds | 3,497,000 | 3,726,000 | 3,367,000 | 4,312,000 | 2,741,000 | 2,793,000 | 1,450,000 | 2,363,000 | 1,928,000 | 1,613,000 | 2,180,000 | 2,150,000 | 2,874,000 | 2,655,000 |
| 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 | -857,000 | 315,000 | -567,000 | 31,000 | 219,000 | |||||||||
| Depreciation | 0 | 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 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -2,000 | 0 | 2,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -641,501,000 | -33,439,000 | 674,940,000 | 0 | 0 | 0 | -5,000 | 5,000 | -209,000 | -97,000 | 304,000 | 0 | 0 | 12,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -15,000 | 3,000 | 12,000 | 0 |
| Accruals and Deferred Income | 4,655,000 | 2,000 | 21,000 | -114,000 | 22,000 | 61,000 | -57,000 | -49,000 | -208,000 | 208,000 | 119,000 | -61,000 | -881,000 | 1,138,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -911,000 | 316,000 | -262,000 | -170,000 | -650,000 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | |||||||||||||
| Change in Investments | 595,580,000 | 0 | -705,446,000 | -32,214,000 | -34,355,000 | -28,497,000 | -26,686,000 | -26,631,000 | -23,788,000 | -26,802,000 | -21,911,000 | -21,887,000 | 948,229,000 | 0 |
| cash flow from investments | -595,580,000 | |||||||||||||
| 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 | 12,269,000 | -682,000 | 918,000 | 320,000 | 397,000 | 1,987,000 | -18,000 | 945,000 | 1,238,000 | 1,026,000 | 1,222,000 | 1,250,000 | -17,814,000 | 38,356,000 |
| Long term loans | -44,784,000 | -33,391,000 | -30,105,000 | -32,376,000 | -34,722,000 | -29,777,000 | -26,362,000 | -26,588,000 | -26,541,000 | -26,268,000 | -947,983,000 | -43,916,000 | -26,220,000 | 1,922,932,000 |
| Hire Purchase and Lease Commitments | 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 | 2,500,000 | 0 | 0 | 0 | -2,500,000 | 2,500,000 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -70,853,000 | -73,625,000 | -75,128,000 | -78,651,000 | -59,000 | -59,000 | -82,776,000 |
| cash flow from financing | -32,515,000 | -34,073,000 | -29,187,000 | -32,056,000 | -34,325,000 | -27,790,000 | -26,380,000 | -96,496,000 | -96,428,000 | -100,370,000 | -1,025,412,000 | -42,725,000 | -46,593,000 | 1,882,609,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 4,380,000 | 427,000 | -726,000 | 899,000 | 85,000 | -18,000 | -248,000 | 247,000 | -12,000 | 142,000 | -177,000 | -819,000 | -750,000 | 4,513,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 4,380,000 | 427,000 | -726,000 | 899,000 | 85,000 | -18,000 | -248,000 | 247,000 | -12,000 | 142,000 | -177,000 | -819,000 | -750,000 | 4,513,000 |
P&L
December 2022turnover
56.1m
-4%
operating profit
61.5m
0%
gross margin
1.3%
-28.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
3.5m
-0.06%
total assets
646.2m
-0.04%
cash
7.9m
+1.23%
net assets
Total assets minus all liabilities
finance for residential social housing plc company details
company number
03302722
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 1997
age
27
accounts
Full Accounts
ultimate parent company
previous names
heraldmist plc (March 1997)
incorporated
UK
address
6th floor 125 london wall, london, EC2Y 5AS
last accounts submitted
December 2022
finance for residential social housing 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 1 charges/mortgages relating to finance for residential social housing plc. Currently there are 1 open charges and 0 have been satisfied in the past.
finance for residential social housing plc Companies House Filings - See Documents
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