cofunds limited
cofunds limited Company Information
Company Number
03965289
Website
www.cofunds.co.ukRegistered Address
level 26, the leadenhall building, london, EC3V 4AB
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
03456044001
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
aegon uk investment holdings limited 100%
cofunds limited Estimated Valuation
The estimated valuation range for cofunds limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £227.4m
cofunds limited Estimated Valuation
The estimated valuation range for cofunds limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £227.4m
cofunds limited Estimated Valuation
The estimated valuation range for cofunds limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £0 to £227.4m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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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 £77.7m with declining growth in recent years.
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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 £77.7m, make it larger than the average company (£4.6m)
£77.7m - Cofunds Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (3.2%)
-7% - Cofunds Limited
3.2% - Industry AVG
Production
with a gross margin of 61.5%, this company has a comparable cost of product (61.5%)
61.5% - Cofunds Limited
61.5% - Industry AVG
Profitability
an operating margin of -13.7% make it less profitable than the average company (10.8%)
-13.7% - Cofunds Limited
10.8% - Industry AVG
Employees
with 341 employees, this is above the industry average (15)
- Cofunds Limited
15 - Industry AVG
Pay Structure
on an average salary of £79.3k, the company has an equivalent pay structure (£79.3k)
- Cofunds Limited
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £227.7k, this is equally as efficient (£228.1k)
- Cofunds Limited
£228.1k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (30 days)
3 days - Cofunds Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (37 days)
3 days - Cofunds Limited
37 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 1079 weeks, this is more cash available to meet short term requirements (39 weeks)
1079 weeks - Cofunds Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.5%, this is a lower level of debt than the average (58.6%)
6.5% - Cofunds Limited
58.6% - Industry AVG
cofunds limited Credit Report and Business Information
Cofunds Limited Competitor Analysis
Perform a competitor analysis for cofunds limited by selecting its closest rivals and benchmarking them against 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 11 directors. The longest serving directors include Mr James Ewing (Jan 2017) and Mr David Dalton-Brown (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Ewing | Scotland | 53 years | Jan 2017 | - | Director |
| Mr David Dalton-Brown | Scotland | 65 years | Jan 2017 | - | Director |
| Mr Michael Holliday-Williams | 53 years | Jan 2020 | - | Director | |
| Ms Helen Heslop | United Kingdom | 54 years | Apr 2021 | - | Director |
| Ms Theresa Froehlich | United Kingdom | 58 years | Nov 2021 | - | Director |
| Mr Michael Merrick | United Kingdom | 64 years | Nov 2021 | - | Director |
| Ms Susanna Davies | England | 65 years | Nov 2021 | - | Director |
| Mr Michael Davies | Scotland | 57 years | Dec 2021 | - | Director |
| Mr Michael Davies | Scotland | 57 years | Dec 2021 | - | Director |
| Mr Duncan Russell | United Kingdom | 45 years | Jul 2022 | - | Director |
COFUNDS LIMITED financials
Cofunds Limited's latest turnover from December 2022 is £77.7 million and the company has net assets of £104.5 million. According to their latest financial statements, we estimate that Cofunds Limited has 341 employees and maintains cash reserves of £91.6 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 | 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 | -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 | 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 | 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 | -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 | -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 | -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 | 1,392,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -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* | -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 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 | 7,345,000 | 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 | 0 | 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 |
| Debtors (Due After 1 year) | 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 | 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 |
| Trade Debtors | 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 | 25,000 | 5,000 | 7,000 | 1,097,000 | 389,000 | 2,577,000 | 3,675,000 | 0 | 0 | 0 | 27,000 |
| Misc Debtors | 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 | 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 | 9,045,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 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 | 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 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 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 | 1,928,000 | 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 |
| hp & lease commitments | 659,000 | 557,000 | 542,000 | 526,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 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 | 4,412,000 | 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 | 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 | 2,881,000 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 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 | 2,881,000 | 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 | 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 | 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 | 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 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 | -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 | 1,388,000 | 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 | 0 | 0 | 0 | 0 | 5,837,000 | 5,837,000 | 8,019,000 | 2,131,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 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 |
| Debtors | -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 | 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 | -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 | -400,000 | 46,000 | -1,985,000 | -3,323,000 | -1,338,000 | -981,000 | 7,981,000 |
| Cash flow from operations | 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 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 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 |
| Long term loans | -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 | -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 |
| share issue | ||||||||||||||
| interest | -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 | -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 | 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 |
| change in cash | 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 |
P&L
December 2022turnover
77.7m
-13%
operating profit
-10.6m
+14%
gross margin
61.6%
-0.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
104.5m
-0.08%
total assets
111.8m
-0.14%
cash
91.6m
+0.14%
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
24
accounts
Full Accounts
ultimate parent company
previous names
consolidated funds limited (December 2000)
advisory fund service limited (June 2000)
incorporated
UK
address
level 26, the leadenhall building, london, EC3V 4AB
last accounts submitted
December 2022
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 Companies House Filings - See Documents
| date | description | view/download |
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