cofunds limited
cofunds limited Company Information
Company Number
03965289
Next Accounts
Sep 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
aegon uk investment holdings limited
Group Structure
View All
Contact
Registered Address
level 26, the leadenhall building, london, EC3V 4AB
Website
www.cofunds.co.ukcofunds limited Estimated Valuation
Pomanda estimates the enterprise value of COFUNDS LIMITED at £234.9m based on a Turnover of £78.7m and 2.99x industry multiple (adjusted for size and gross margin).
cofunds limited Estimated Valuation
Pomanda estimates the enterprise value of COFUNDS LIMITED at £0 based on an EBITDA of £-22.1m and a 10.52x industry multiple (adjusted for size and gross margin).
cofunds limited Estimated Valuation
Pomanda estimates the enterprise value of COFUNDS LIMITED at £114.9m based on Net Assets of £89.3m and 1.29x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cofunds Limited Overview
Cofunds Limited is a live company located in london, EC3V 4AB with a Companies House number of 03965289. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2000, it's largest shareholder is aegon uk investment holdings limited with a 100% stake. Cofunds Limited is a mature, large sized company, Pomanda has estimated its turnover at £78.7m with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Cofunds Limited Health Check
Pomanda's financial health check has awarded Cofunds Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
3 Weak
Size
annual sales of £78.7m, make it larger than the average company (£5.5m)
£78.7m - Cofunds Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (5%)
-3% - Cofunds Limited
5% - Industry AVG
Production
with a gross margin of 54.2%, this company has a comparable cost of product (54.2%)
54.2% - Cofunds Limited
54.2% - Industry AVG
Profitability
an operating margin of -29.8% make it less profitable than the average company (9.1%)
-29.8% - Cofunds Limited
9.1% - Industry AVG
Employees
with 351 employees, this is above the industry average (14)
- Cofunds Limited
14 - Industry AVG
Pay Structure
on an average salary of £82.7k, the company has an equivalent pay structure (£82.7k)
- Cofunds Limited
£82.7k - Industry AVG
Efficiency
resulting in sales per employee of £224.1k, this is equally as efficient (£224.5k)
- Cofunds Limited
£224.5k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (33 days)
5 days - Cofunds Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (45 days)
1 days - Cofunds Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cofunds Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 852 weeks, this is more cash available to meet short term requirements (30 weeks)
852 weeks - Cofunds Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 7.1%, this is a lower level of debt than the average (70.2%)
7.1% - Cofunds Limited
70.2% - Industry AVG
COFUNDS LIMITED financials
Cofunds Limited's latest turnover from December 2023 is £78.7 million and the company has net assets of £89.3 million. According to their latest financial statements, we estimate that Cofunds Limited has 351 employees and maintains cash reserves of £75.9 million 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 | 78,653,000 | 77,662,000 | 89,284,000 | 85,122,000 | 96,610,000 | 104,243,000 | 108,675,000 | 81,984,000 | 78,332,000 | 78,940,000 | 79,741,000 | 73,797,000 | 69,957,000 | 61,312,000 | 45,249,000 |
| Other Income Or Grants | 0 | ||||||||||||||
| Cost Of Sales | 0 | ||||||||||||||
| Gross Profit | 73,797,000 | ||||||||||||||
| Admin Expenses | 71,923,000 | ||||||||||||||
| Operating Profit | -23,458,000 | -10,644,000 | -9,302,000 | -8,226,000 | -49,537,000 | -46,750,000 | -25,936,000 | -810,000 | -207,000 | 6,566,000 | 1,914,000 | 1,874,000 | 3,207,000 | 4,122,000 | -3,129,000 |
| Interest Payable | 99,000 | 118,000 | 245,000 | 728,000 | 908,000 | 869,000 | 851,000 | 1,271,000 | 1,026,000 | 42,000 | 146,000 | 424,000 | 424,000 | 424,000 | 278,000 |
| Interest Receivable | 0 | 0 | 0 | 250,000 | 1,309,000 | 695,000 | 68,000 | 1,001,000 | 1,306,000 | 1,165,000 | 2,438,000 | 3,563,000 | 3,088,000 | 3,131,000 | 3,352,000 |
| Pre-Tax Profit | -20,227,000 | -9,616,000 | -9,494,000 | -8,394,000 | -49,136,000 | -46,924,000 | -26,719,000 | 11,020,000 | 73,000 | 7,689,000 | 4,206,000 | 5,013,000 | 5,871,000 | 6,829,000 | -55,000 |
| Tax | 0 | 0 | 0 | -1,596,000 | -3,821,000 | 9,929,000 | 3,623,000 | -61,000 | -592,000 | -2,138,000 | -2,100,000 | -1,556,000 | -2,708,000 | 12,340,000 | 2,240,000 |
| Profit After Tax | -20,227,000 | -9,616,000 | -9,494,000 | -9,990,000 | -52,957,000 | -36,995,000 | -23,096,000 | 10,959,000 | -519,000 | 5,551,000 | 2,106,000 | 3,457,000 | 3,163,000 | 19,169,000 | 2,185,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,392,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -20,227,000 | -9,616,000 | -9,494,000 | -9,990,000 | -52,957,000 | -36,995,000 | -23,096,000 | 10,959,000 | -1,911,000 | 5,551,000 | 2,106,000 | 3,457,000 | 3,163,000 | 19,169,000 | 2,185,000 |
| Employee Costs | 26,380,000 | 36,004,000 | 37,556,000 | 30,367,000 | 26,491,000 | 23,579,000 | |||||||||
| Number Of Employees | 619 | 695 | 672 | 610 | 480 | 430 | |||||||||
| EBITDA* | -22,072,000 | -9,256,000 | -7,914,000 | -6,839,000 | -48,763,000 | -39,938,000 | -19,058,000 | 8,513,000 | 3,629,000 | 14,104,000 | 7,559,000 | 6,097,000 | 6,693,000 | 6,635,000 | -1,932,000 |
* 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 | 3,352,000 | 4,125,000 | 4,899,000 | 5,673,000 | 8,677,000 | 14,770,000 | 17,242,000 | 14,660,000 | 15,975,000 | 16,520,000 | 30,514,000 | 16,333,000 | 8,603,000 | 6,512,000 | 4,703,000 |
| Intangible Assets | 2,607,000 | 3,220,000 | 0 | 0 | 0 | 0 | 0 | 7,857,000 | 15,770,000 | 20,066,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 2,231,000 | 0 | 0 | 0 | 0 | 0 | 7,529,000 | 8,911,000 | 11,078,000 | 12,032,000 | 4,454,000 |
| Total Fixed Assets | 5,959,000 | 7,345,000 | 4,899,000 | 5,673,000 | 8,677,000 | 14,770,000 | 17,242,000 | 22,517,000 | 31,745,000 | 36,586,000 | 38,043,000 | 25,244,000 | 19,681,000 | 18,544,000 | 9,157,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,188,000 | 643,000 | 1,055,000 | 413,000 | 1,596,000 | 31,037,000 | 32,617,000 | 30,063,000 | 29,645,000 | 10,441,000 | 12,276,000 | 13,535,000 | 7,984,000 | 9,712,000 | 4,962,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 25,000 | 5,000 | 7,000 | 1,097,000 | 389,000 | 2,577,000 | 3,675,000 | 0 | 0 | 0 | 27,000 |
| Misc Debtors | 13,069,000 | 12,285,000 | 43,878,000 | 22,172,000 | 31,674,000 | 11,439,000 | 13,321,000 | 13,582,000 | 12,917,000 | 12,653,000 | 10,751,000 | 12,621,000 | 9,445,000 | 10,078,000 | 9,912,000 |
| Cash | 75,919,000 | 91,550,000 | 80,541,000 | 127,998,000 | 128,897,000 | 146,737,000 | 113,768,000 | 103,696,000 | 57,387,000 | 83,888,000 | 14,464,000 | 27,609,000 | 34,507,000 | 28,941,000 | 22,813,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 9,045,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 90,176,000 | 104,478,000 | 125,474,000 | 150,583,000 | 162,192,000 | 198,263,000 | 159,713,000 | 148,438,000 | 100,338,000 | 109,559,000 | 41,166,000 | 53,765,000 | 51,936,000 | 48,731,000 | 37,714,000 |
| total assets | 96,135,000 | 111,823,000 | 130,373,000 | 156,256,000 | 170,869,000 | 213,033,000 | 176,955,000 | 170,955,000 | 132,083,000 | 146,145,000 | 79,209,000 | 79,009,000 | 71,617,000 | 67,275,000 | 46,871,000 |
| 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 | 110,000 | 316,000 | 176,000 | 889,000 | 1,323,000 | 3,552,000 | 2,655,000 | 3,054,000 | 1,439,000 | 1,976,000 | 5,314,000 | 9,385,000 | 5,540,000 | 4,743,000 | 4,119,000 |
| Group/Directors Accounts | 1,677,000 | 1,928,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,666,000 | 6,278,000 | 69,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 682,000 | 659,000 | 557,000 | 542,000 | 526,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,163,000 | 1,509,000 | 11,954,000 | 39,588,000 | 53,251,000 | 65,394,000 | 63,218,000 | 93,723,000 | 67,425,000 | 88,339,000 | 19,188,000 | 14,426,000 | 11,222,000 | 9,571,000 | 7,979,000 |
| total current liabilities | 4,632,000 | 4,412,000 | 12,687,000 | 41,019,000 | 55,100,000 | 68,946,000 | 65,873,000 | 96,777,000 | 68,864,000 | 90,315,000 | 30,168,000 | 30,089,000 | 16,831,000 | 14,314,000 | 12,098,000 |
| loans | 0 | 0 | 7,080,000 | 8,194,000 | 9,278,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,000,000 | 6,000,000 | 6,000,000 |
| hp & lease commitments | 2,200,000 | 2,881,000 | 3,540,000 | 4,097,000 | 4,639,000 | 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 | 0 |
| 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 | 400,000 | 354,000 | 2,339,000 | 5,662,000 | 7,000,000 | 7,981,000 |
| total long term liabilities | 2,200,000 | 2,881,000 | 3,540,000 | 4,097,000 | 4,639,000 | 0 | 0 | 0 | 0 | 200,000 | 354,000 | 2,339,000 | 11,662,000 | 13,000,000 | 13,981,000 |
| total liabilities | 6,832,000 | 7,293,000 | 16,227,000 | 45,116,000 | 59,739,000 | 68,946,000 | 65,873,000 | 96,777,000 | 68,864,000 | 90,515,000 | 30,522,000 | 32,428,000 | 28,493,000 | 27,314,000 | 26,079,000 |
| net assets | 89,303,000 | 104,530,000 | 114,146,000 | 111,140,000 | 111,130,000 | 144,087,000 | 111,082,000 | 74,178,000 | 63,219,000 | 55,630,000 | 48,687,000 | 46,581,000 | 43,124,000 | 39,961,000 | 20,792,000 |
| total shareholders funds | 89,303,000 | 104,530,000 | 114,146,000 | 111,140,000 | 111,130,000 | 144,087,000 | 111,082,000 | 74,178,000 | 63,219,000 | 55,630,000 | 48,687,000 | 46,581,000 | 43,124,000 | 39,961,000 | 20,792,000 |
| 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 | -23,458,000 | -10,644,000 | -9,302,000 | -8,226,000 | -49,537,000 | -46,750,000 | -25,936,000 | -810,000 | -207,000 | 6,566,000 | 1,914,000 | 1,874,000 | 3,207,000 | 4,122,000 | -3,129,000 |
| Depreciation | 773,000 | 774,000 | 1,388,000 | 1,387,000 | 774,000 | 975,000 | 1,041,000 | 1,304,000 | 1,705,000 | 7,538,000 | 5,645,000 | 4,223,000 | 3,486,000 | 2,513,000 | 1,197,000 |
| Amortisation | 613,000 | 614,000 | 0 | 0 | 0 | 5,837,000 | 5,837,000 | 8,019,000 | 2,131,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -1,596,000 | -3,821,000 | 9,929,000 | 3,623,000 | -61,000 | -592,000 | -2,138,000 | -2,100,000 | -1,556,000 | -2,708,000 | 12,340,000 | 2,240,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,329,000 | -32,005,000 | 22,348,000 | -12,941,000 | -6,955,000 | -3,464,000 | 1,203,000 | 1,791,000 | 17,280,000 | -8,560,000 | -836,000 | 6,560,000 | -3,315,000 | 12,467,000 | 19,355,000 |
| Creditors | -206,000 | 140,000 | -713,000 | -434,000 | -2,229,000 | 897,000 | -399,000 | 1,615,000 | -537,000 | -3,338,000 | -4,071,000 | 3,845,000 | 797,000 | 624,000 | 4,119,000 |
| Accruals and Deferred Income | 654,000 | -10,445,000 | -27,634,000 | -13,663,000 | -12,143,000 | 2,176,000 | -30,505,000 | 26,298,000 | -20,914,000 | 69,151,000 | 4,762,000 | 3,204,000 | 1,651,000 | 1,592,000 | 7,979,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -400,000 | 46,000 | -1,985,000 | -3,323,000 | -1,338,000 | -981,000 | 7,981,000 |
| Cash flow from operations | -22,953,000 | 12,444,000 | -58,609,000 | -9,591,000 | -60,001,000 | -23,472,000 | -47,542,000 | 34,574,000 | -36,094,000 | 86,385,000 | 5,001,000 | 1,707,000 | 8,410,000 | 7,743,000 | 1,032,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -251,000 | 1,928,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,666,000 | -612,000 | 6,209,000 | 69,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -7,080,000 | -1,114,000 | -1,084,000 | 9,278,000 | 0 | 0 | 0 | 0 | 0 | 0 | -6,000,000 | 0 | 0 | 6,000,000 |
| Hire Purchase and Lease Commitments | -658,000 | -557,000 | -542,000 | -526,000 | 5,165,000 | 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 | -99,000 | -118,000 | -245,000 | -478,000 | 401,000 | -174,000 | -783,000 | -270,000 | 280,000 | 1,123,000 | 2,292,000 | 3,139,000 | 2,664,000 | 2,707,000 | 3,074,000 |
| cash flow from financing | 3,992,000 | -5,827,000 | 10,599,000 | 7,912,000 | 34,844,000 | 69,826,000 | 59,217,000 | -270,000 | 9,780,000 | -3,151,000 | 1,680,000 | 3,348,000 | 2,733,000 | 2,707,000 | 27,681,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -15,631,000 | 11,009,000 | -47,457,000 | -899,000 | -17,840,000 | 32,969,000 | 10,072,000 | 46,309,000 | -26,501,000 | 69,424,000 | -13,145,000 | -6,898,000 | 5,566,000 | 6,128,000 | 22,813,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -15,631,000 | 11,009,000 | -47,457,000 | -899,000 | -17,840,000 | 32,969,000 | 10,072,000 | 46,309,000 | -26,501,000 | 69,424,000 | -13,145,000 | -6,898,000 | 5,566,000 | 6,128,000 | 22,813,000 |
cofunds limited Credit Report and Business Information
Cofunds Limited Competitor Analysis
Perform a competitor analysis for cofunds limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC3V area or any other competitors across 12 key performance metrics.
cofunds limited Ownership
COFUNDS LIMITED group structure
Cofunds Limited has 7 subsidiary companies.
Ultimate parent company
AEGON NV
#0016866
2 parents
COFUNDS LIMITED
03965289
7 subsidiaries
cofunds limited directors
Cofunds Limited currently has 10 directors. The longest serving directors include Mr James Ewing (Jan 2017) and Mr Michael Holliday-Williams (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Ewing | United Kingdom | 54 years | Jan 2017 | - | Director |
| Mr Michael Holliday-Williams | United Kingdom | 54 years | Jan 2020 | - | Director |
| Ms Helen Heslop | Scotland | 55 years | Apr 2021 | - | Director |
| Ms Theresa Froehlich | United Kingdom | 58 years | Nov 2021 | - | Director |
| Mr Michael Merrick | United Kingdom | 65 years | Nov 2021 | - | Director |
| Ms Susanna Davies | United Kingdom | 66 years | Nov 2021 | - | Director |
| Mr Michael Davies | Scotland | 58 years | Dec 2021 | - | Director |
| Mr Michael Davies | Scotland | 58 years | Dec 2021 | - | Director |
| Ms Christina McComb | Scotland | 68 years | Jan 2024 | - | Director |
| Mr Nicholas Blake | Scotland | 59 years | Nov 2024 | - | Director |
P&L
December 2023turnover
78.7m
+1%
operating profit
-23.5m
+120%
gross margin
54.2%
-2.81%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
89.3m
-0.15%
total assets
96.1m
-0.14%
cash
75.9m
-0.17%
net assets
Total assets minus all liabilities
cofunds limited company details
company number
03965289
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
April 2000
age
25
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
consolidated funds limited (December 2000)
advisory fund service limited (June 2000)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
level 26, the leadenhall building, london, EC3V 4AB
Bank
-
Legal Advisor
-
cofunds 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 cofunds limited.
cofunds 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.
Click to start generating capital raising & share issue transactions for COFUNDS LIMITED. This can take several minutes, an email will notify you when this has completed.
cofunds limited Companies House Filings - See Documents
| date | description | view/download |
|---|
