Global Asset Finance Limited

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global asset finance limited Company Information

Dissolved

Company Number

03322324

Website

www.globalassetfinance.com

Registered Address

building 2 30 friern park, north finchley, london, N12 9DA

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Jake Gruenewald2 Years

Shareholders

jake louis gruenewald 50%

jason michael gruenewald 50%

global asset finance limited Estimated Valuation

£88.8k

Pomanda estimates the enterprise value of GLOBAL ASSET FINANCE LIMITED at £88.8k based on a Turnover of £93k and 0.95x industry multiple (adjusted for size and gross margin).

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Global Asset Finance Limited is a dissolved company that was located in london, N12 9DA with a Companies House number of 03322324. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 1997, it's largest shareholder was jake louis gruenewald with a 50% stake. The last turnover for Global Asset Finance Limited was estimated at £93k.

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Pomanda's financial health check has awarded Global Asset Finance Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £93k, make it smaller than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (3.2%)

EXPORT

Global Asset Finance Limited's latest turnover from December 2022 is estimated at £93 thousand and the company has net assets of -£95.5 thousand. According to their latest financial statements, Global Asset Finance Limited has 1 employee and maintains cash reserves of 0 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	92,993	90,063	150,601	165,836	195,793	234,853	272,200	389,096	317,016	249,349	188,745	138,025	161,788	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	73,361	69,325	112,202	122,037	139,741	161,255	189,584	269,358	227,874	181,792	139,288	104,133	124,152	0
Gross Profit	19,633	20,738	38,399	43,799	56,052	73,597	82,616	119,738	89,142	67,557	49,458	33,892	37,635	0
Admin Expenses	20,433	35,456	49,310	63,885	85,321	108,039	291,561	186,676	148,831	66,413	92,889	71,715	129,422	-709,831
Operating Profit	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,945	-66,938	-59,689	1,144	-43,431	-37,823	-91,787	709,831
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	191	988	1,444	1,704	1,926	2,200	2,399	1,261
Pre-Tax Profit	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,754	-65,950	-58,245	2,848	-41,505	-35,623	-89,388	711,092
Tax	0	0	0	0	0	0	0	0	0	-655	0	0	0	-199,106
Profit After Tax	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,754	-65,950	-58,245	2,193	-41,505	-35,623	-89,388	511,986
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,754	-65,950	-58,245	2,193	-41,505	-35,623	-89,388	511,986
Employee Costs	78,952	76,865	150,847	147,713	144,644	69,254	67,196	63,702	61,278	62,694	60,029	60,346	59,216	0
Number Of Employees	1	1	2	2	2	1	1	1	1	1	1	1	1	0
EBITDA*	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,945	-65,969	-58,145	4,327	-40,063	-33,995	-88,068	713,681

* 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	0	0	332	893	1,409	2,609	1,463	257	1,801	4,339	3,828	2,572	5,104
Intangible Assets	0	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	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	0	332	893	1,409	2,609	1,463	257	1,801	4,339	3,828	2,572	5,104
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	18,649	18,627	29,715	40,435	62,176	82,955	102,722	156,452	125,187	101,318	71,083	51,502	64,681	56,567
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	199	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	153,082	242,027	335,610	345,987	424,525	455,454	504,298
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	18,649	18,627	29,715	40,634	62,176	82,955	102,722	309,534	367,214	436,928	417,070	476,027	520,135	560,865
total assets	18,649	18,627	29,715	40,966	63,069	84,364	105,331	310,997	367,471	438,729	421,409	479,855	522,707	565,969
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	114,161	113,339	109,709	110,049	112,066	104,092	90,617	86,529	77,053	90,066	74,939	91,880	69,109	3,335
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	49,648
other short term finances	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
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	114,161	113,339	109,709	110,049	112,066	104,092	90,617	86,529	77,053	90,066	74,939	91,880	69,109	52,983
loans	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
Accruals and Deferred Income	0	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	30,000	0
provisions	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	0	30,000	0
total liabilities	114,161	113,339	109,709	110,049	112,066	104,092	90,617	86,529	77,053	90,066	74,939	91,880	99,109	52,983
net assets	-95,512	-94,712	-79,994	-69,083	-48,997	-19,728	14,714	224,468	290,418	348,663	346,470	387,975	423,598	512,986
total shareholders funds	-95,512	-94,712	-79,994	-69,083	-48,997	-19,728	14,714	224,468	290,418	348,663	346,470	387,975	423,598	512,986

	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	-800	-14,718	-10,911	-20,086	-29,269	-34,442	-208,945	-66,938	-59,689	1,144	-43,431	-37,823	-91,787	709,831
Depreciation	0	0	0	0	0	0	0	969	1,544	3,183	3,368	3,828	3,719	3,850
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	-655	0	0	0	-199,106
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	22	-11,088	-10,919	-21,542	-20,779	-19,767	-53,730	31,265	23,869	30,235	19,581	-13,179	8,114	56,567
Creditors	822	3,630	-340	-2,017	7,974	13,475	4,088	9,476	-13,013	15,127	-16,941	22,771	65,774	3,335
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	-332	-561	-516	-1,200	-151,127	-87,758	-95,027	-11,436	-76,585	1,955	-30,408	461,343
Investing Activities
capital expenditure	0	0	332	561	516	1,200	-1,146	-2,175	0	-645	-3,879	-5,084	-1,187	-8,954
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	332	561	516	1,200	-1,146	-2,175	0	-645	-3,879	-5,084	-1,187	-8,954
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	-49,648	49,648
Other Short Term Loans	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
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	0	0	0	-30,000	30,000	0
share issue	0	0	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	0	191	988	1,444	1,704	1,926	2,200	2,399	1,261
cash flow from financing	0	0	0	0	0	0	-809	988	1,444	1,704	1,926	-27,800	-17,249	51,909
cash and cash equivalents
cash	0	0	0	0	0	0	-153,082	-88,945	-93,583	-10,377	-78,538	-30,929	-48,844	504,298
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-153,082	-88,945	-93,583	-10,377	-78,538	-30,929	-48,844	504,298

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for global asset finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in N12 area or any other competitors across 12 key performance metrics.

GLOBAL ASSET FINANCE LIMITED group structure

Global Asset Finance Limited has no subsidiary companies.

Ultimate parent company

GLOBAL ASSET FINANCE LIMITED

03322324

GLOBAL ASSET FINANCE LIMITED Shareholders

jake louis gruenewald	50%
jason michael gruenewald	50%

Global Asset Finance Limited currently has 1 director, Mr Jake Gruenewald serving since Jul 2022.

officer	country	age	start	end	role
Mr Jake Gruenewald		25 years	Jul 2022	-	Director

P&L

December 2022

turnover

93k

+3%

operating profit

-800

gross margin

21.2%

-8.31%

turnover

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

Balance Sheet

December 2022

net assets

-95.5k

+0.01%

total assets

18.6k

cash

net assets

Total assets minus all liabilities

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company number

03322324

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

February 1997

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

December 2022

address

building 2 30 friern park, north finchley, london, N12 9DA

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 global asset finance limited.

global asset finance limited Company Information

global asset finance limited Estimated Valuation

global asset finance limited Estimated Valuation

global asset finance limited Estimated Valuation

Global Asset Finance Limited Overview

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GLOBAL ASSET FINANCE LIMITED financials

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