advantage finance limited

advantage finance limited Company Information

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Company Number

03773673

Industry

Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

 

Shareholders

s & u plc

Group Structure

View All

Contact

Registered Address

2 stratford court c/o s&u plc, cranmore boulevard, solihull, B90 4QT

advantage finance limited Estimated Valuation

£544.5m

Pomanda estimates the enterprise value of ADVANTAGE FINANCE LIMITED at £544.5m based on a Turnover of £98.2m and 5.55x industry multiple (adjusted for size and gross margin).

advantage finance limited Estimated Valuation

£854.3m

Pomanda estimates the enterprise value of ADVANTAGE FINANCE LIMITED at £854.3m based on an EBITDA of £40.2m and a 21.24x industry multiple (adjusted for size and gross margin).

advantage finance limited Estimated Valuation

£345.5m

Pomanda estimates the enterprise value of ADVANTAGE FINANCE LIMITED at £345.5m based on Net Assets of £153.6m and 2.25x industry multiple (adjusted for liquidity).

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Advantage Finance Limited Overview

Advantage Finance Limited is a live company located in solihull, B90 4QT with a Companies House number of 03773673. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in May 1999, it's largest shareholder is s & u plc with a 100% stake. Advantage Finance Limited is a mature, large sized company, Pomanda has estimated its turnover at £98.2m with healthy growth in recent years.

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Advantage Finance Limited Health Check

Pomanda's financial health check has awarded Advantage Finance Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

2 Weak

size

Size

annual sales of £98.2m, make it larger than the average company (£19m)

£98.2m - Advantage Finance Limited

£19m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (20.5%)

7% - Advantage Finance Limited

20.5% - Industry AVG

production

Production

with a gross margin of 55.2%, this company has a lower cost of product (16.1%)

55.2% - Advantage Finance Limited

16.1% - Industry AVG

profitability

Profitability

an operating margin of 40.6% make it more profitable than the average company (6.7%)

40.6% - Advantage Finance Limited

6.7% - Industry AVG

employees

Employees

with 205 employees, this is above the industry average (12)

205 - Advantage Finance Limited

12 - Industry AVG

paystructure

Pay Structure

on an average salary of £47.2k, the company has a lower pay structure (£64.1k)

£47.2k - Advantage Finance Limited

£64.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £478.9k, this is equally as efficient (£465.3k)

£478.9k - Advantage Finance Limited

£465.3k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Advantage Finance Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is quicker than average (134 days)

32 days - Advantage Finance Limited

134 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Advantage Finance Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Advantage Finance Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 54.3%, this is a lower level of debt than the average (100%)

54.3% - Advantage Finance Limited

100% - Industry AVG

ADVANTAGE FINANCE LIMITED financials

EXPORTms excel logo

Advantage Finance Limited's latest turnover from January 2024 is £98.2 million and the company has net assets of £153.6 million. According to their latest financial statements, Advantage Finance Limited has 205 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover98,177,00089,800,00078,898,00079,553,00085,466,00080,127,00078,882,00060,521,00045,182,00036,102,00026,147,00020,801,00017,782,00016,049,00014,195,000
Other Income Or Grants000000000000000
Cost Of Sales44,006,00034,572,00021,071,00049,582,00035,747,00032,032,00036,410,00025,065,00016,591,00012,537,0009,890,0008,847,0008,511,0008,227,0007,600,000
Gross Profit54,171,00055,228,00057,827,00029,971,00049,719,00048,095,00042,472,00035,456,00028,591,00023,565,00016,257,00011,954,0009,271,0007,822,0006,595,000
Admin Expenses14,343,00011,439,0009,750,0007,358,0009,095,0007,915,0006,954,0005,940,0004,948,0004,643,0003,602,0003,029,0002,673,0002,452,0002,103,000
Operating Profit39,828,00043,789,00048,077,00022,613,00040,624,00040,180,00035,518,00029,516,00023,643,00018,922,00012,655,0008,925,0006,598,0005,370,0004,492,000
Interest Payable11,018,0006,618,0004,395,0005,415,0006,597,0006,539,0005,307,0004,330,0003,243,0002,207,0001,186,000845,000692,0001,143,0001,365,000
Interest Receivable000000000000000
Pre-Tax Profit28,810,00037,171,00043,682,00017,198,00034,027,00033,641,00030,211,00025,186,00020,400,00016,715,00011,469,0008,080,0005,906,0004,227,0003,127,000
Tax-6,967,000-6,901,000-8,407,000-3,265,000-6,030,000-6,379,000-5,753,000-5,012,000-4,080,000-3,444,000-2,572,000-1,927,000-1,561,000-1,184,000-890,000
Profit After Tax21,843,00030,270,00035,275,00013,933,00027,997,00027,262,00024,458,00020,174,00016,320,00013,271,0008,897,0006,153,0004,345,0003,043,0002,237,000
Dividends Paid15,000,00015,000,00010,000,00012,650,00012,600,00010,500,0008,200,0006,100,0004,700,0003,500,0002,600,0002,100,0001,600,0001,300,000838,000
Retained Profit6,843,00015,270,00025,275,0001,283,00015,397,00016,762,00016,258,00014,074,00011,620,0009,771,0006,297,0004,053,0002,745,0001,743,0001,399,000
Employee Costs9,679,0008,891,0007,637,0006,367,0006,859,0005,985,0005,634,0004,906,0004,322,0004,181,0003,503,0003,153,0002,579,0002,360,0002,031,000
Number Of Employees20519217516615314812911097899280746869
EBITDA*40,227,00044,214,00048,506,00023,029,00040,961,00040,487,00035,734,00029,735,00023,822,00019,051,00012,759,0008,997,0006,658,0005,430,0004,543,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets241,476,000220,234,000182,542,000173,074,000197,386,000184,504,000180,780,000137,797,000103,439,00074,939,00050,297,00034,713,00027,406,00025,034,00024,522,000
Intangible Assets119,000227,0000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)239,589,000218,239,000180,236,000170,592,000195,663,000182,310,000178,597,000136,373,000102,069,00073,885,00049,715,00034,311,00027,103,00024,863,00024,346,000
Total Fixed Assets241,490,000220,381,000182,462,000173,014,000197,386,000184,504,000180,780,000137,797,000103,439,00074,939,00050,297,00034,713,00027,406,00025,034,00024,522,000
Stock & work in progress000000000000000
Trade Debtors000000000023,254,00018,188,00015,152,00014,425,00014,666,000
Group Debtors000000000000000
Misc Debtors1,450,0001,100,0001,118,00077,194,00086,388,000960,000574,000377,000419,00032,887,000209,000136,000105,000135,000187,000
Cash01,030,000579,00000003,0000651,00000000
misc current assets93,011,00088,657,00078,880,0000076,500,00072,618,00057,156,00043,072,000000000
total current assets94,461,00090,787,00080,577,00077,194,00086,388,00077,460,00073,192,00057,536,00043,491,00033,538,00023,463,00018,324,00015,257,00014,560,00014,853,000
total assets335,951,000311,168,000263,039,000250,208,000283,774,000261,964,000253,972,000195,333,000146,930,000108,477,00073,760,00053,037,00042,663,00039,594,00039,375,000
Bank overdraft2,254,00000512,000145,00031,0001,399,000999,0002,807,0000650,000964,00088,000596,0002,415,000
Bank loan000000000000000
Trade Creditors 3,880,0003,639,0003,612,0002,529,0002,936,0001,911,0002,482,00016,829,0001,559,0001,145,000341,000323,000314,000305,000296,000
Group/Directors Accounts000000000000000
other short term finances000000000000000
hp & lease commitments98,000115,000108,000102,00033,0000000000000
other current liabilities1,629,0001,069,000646,000592,0003,720,0004,097,0004,022,0004,432,0003,886,0004,108,0004,100,00035,775,00030,484,00029,749,00029,492,000
total current liabilities7,861,0004,823,0004,366,0003,735,0006,834,0006,039,0007,903,00022,260,0008,252,0005,253,0005,091,00037,062,00030,886,00030,650,00032,203,000
loans62,000258,000454,000604,0000166,000,000170,500,000114,000,00094,000,00070,500,00046,000,0000000
hp & lease commitments31,000129,000227,000302,00000000000000
Accruals and Deferred Income000000000000000
other liabilities174,500,000159,500,000127,000,000140,000,000172,000,0000000000000
provisions000000000000000
total long term liabilities174,531,000159,629,000127,227,000140,302,000172,000,000166,000,000170,500,000114,000,00094,000,00070,500,00046,000,0000000
total liabilities182,392,000164,452,000131,593,000144,037,000178,834,000172,039,000178,403,000136,260,000102,252,00075,753,00051,091,00037,062,00030,886,00030,650,00032,203,000
net assets153,559,000146,716,000131,446,000106,171,000104,940,00089,925,00075,569,00059,073,00044,678,00032,724,00022,669,00015,975,00011,777,0008,944,0007,172,000
total shareholders funds153,559,000146,716,000131,446,000106,171,000104,940,00089,925,00075,569,00059,073,00044,678,00032,724,00022,669,00015,975,00011,777,0008,944,0007,172,000
Jan 2024Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit39,828,00043,789,00048,077,00022,613,00040,624,00040,180,00035,518,00029,516,00023,643,00018,922,00012,655,0008,925,0006,598,0005,370,0004,492,000
Depreciation291,000318,000429,000416,000337,000307,000216,000219,000179,000129,000104,00072,00060,00060,00051,000
Amortisation108,000107,0000000000000000
Tax-6,967,000-6,901,000-8,407,000-3,265,000-6,030,000-6,379,000-5,753,000-5,012,000-4,080,000-3,444,000-2,572,000-1,927,000-1,561,000-1,184,000-890,000
Stock000000000000000
Debtors21,700,00037,985,000-66,432,000-34,265,00098,781,0004,099,00042,421,00034,262,000-4,284,00033,594,00020,543,00010,275,0002,937,000224,00039,199,000
Creditors241,00027,0001,083,000-407,0001,025,000-571,000-14,347,00015,270,000414,000804,00018,0009,0009,0009,000296,000
Accruals and Deferred Income560,000423,00054,000-3,128,000-377,00075,000-410,000546,000-222,0008,000-31,675,0005,291,000735,000257,00029,492,000
Deferred Taxes & Provisions000000000000000
Cash flow from operations12,361,000-222,000107,668,00050,494,000-63,202,00029,513,000-27,197,0006,277,00024,218,000-17,175,000-42,013,0002,095,0002,904,0004,288,000-5,758,000
Investing Activities
capital expenditure-21,533,000-38,344,000-9,897,00023,896,000-13,219,000-4,031,000-43,199,000-34,577,000-28,679,000-24,771,000-15,688,000-7,379,000-2,432,000-572,000-24,573,000
Change in Investments000000000000000
cash flow from investments-21,533,000-38,344,000-9,897,00023,896,000-13,219,000-4,031,000-43,199,000-34,577,000-28,679,000-24,771,000-15,688,000-7,379,000-2,432,000-572,000-24,573,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts000000000000000
Other Short Term Loans 000000000000000
Long term loans-196,000-196,000-150,000604,000-166,000,000-4,500,00056,500,00020,000,00023,500,00024,500,00046,000,0000000
Hire Purchase and Lease Commitments-115,000-91,000-69,000371,00033,0000000000000
other long term liabilities15,000,00032,500,000-13,000,000-32,000,000172,000,0000000000000
share issue000-52,000-382,000-2,406,000238,000321,000334,000284,000397,000145,00088,00029,0005,773,000
interest-11,018,000-6,618,000-4,395,000-5,415,000-6,597,000-6,539,000-5,307,000-4,330,000-3,243,000-2,207,000-1,186,000-845,000-692,000-1,143,000-1,365,000
cash flow from financing3,671,00025,595,000-17,614,000-36,492,000-946,000-13,445,00051,431,00015,991,00020,591,00022,577,00045,211,000-700,000-604,000-1,114,0004,408,000
cash and cash equivalents
cash-1,030,000451,000579,000000-3,0003,000-651,000651,00000000
overdraft2,254,0000-512,000367,000114,000-1,368,000400,000-1,808,0002,807,000-650,000-314,000876,000-508,000-1,819,0002,415,000
change in cash-3,284,000451,0001,091,000-367,000-114,0001,368,000-403,0001,811,000-3,458,0001,301,000314,000-876,000508,0001,819,000-2,415,000

advantage finance limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Advantage Finance Limited Competitor Analysis

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Perform a competitor analysis for advantage finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in B90 area or any other competitors across 12 key performance metrics.

advantage finance limited Ownership

ADVANTAGE FINANCE LIMITED group structure

Advantage Finance Limited has 2 subsidiary companies.

Ultimate parent company

1 parent

ADVANTAGE FINANCE LIMITED

03773673

2 subsidiaries

ADVANTAGE FINANCE LIMITED Shareholders

s & u plc 100%

advantage finance limited directors

Advantage Finance Limited currently has 14 directors. The longest serving directors include Mr Graham Coombs (May 1999) and Mr Anthony Coombs (May 1999).

officercountryagestartendrole
Mr Graham CoombsEngland72 years May 1999- Director
Mr Anthony CoombsUnited Kingdom72 years May 1999- Director
Mr Christopher RedfordEngland59 years Jan 2000- Director
Mr Keith CharltonEngland59 years Apr 2002- Director
Mr Alan TuplinEngland55 years Oct 2006- Director
Beverley BurtonEngland63 years Oct 2006- Director
Mr James MurdochEngland57 years Feb 2007- Director
Mr David SandifordEngland55 years Feb 2017- Director
Mr Nicholas GreensidesEngland37 years Feb 2019- Director
Mr David VesseyEngland37 years Feb 2019- Director

P&L

January 2024

turnover

98.2m

+9%

operating profit

39.8m

-9%

gross margin

55.2%

-10.28%

turnover

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

Balance Sheet

January 2024

net assets

153.6m

+0.05%

total assets

336m

+0.08%

cash

0

-1%

net assets

Total assets minus all liabilities

advantage finance limited company details

company number

03773673

Type

Private limited with Share Capital

industry

64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

incorporation date

May 1999

age

26

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

January 2024

previous names

N/A

accountant

-

auditor

MAZARS LLP

address

2 stratford court c/o s&u plc, cranmore boulevard, solihull, B90 4QT

Bank

HSBC BANK PLC

Legal Advisor

DLA

advantage finance 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 advantage finance limited.

advantage finance 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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advantage finance limited Companies House Filings - See Documents

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