holmes funding limited
holmes funding limited Company Information
Company Number
03982428
Website
http://virginactive.co.ukRegistered Address
2 triton square, regent's place, london, NW1 3AN
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02073885511
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
holmes holdings ltd 100%
holmes funding limited Estimated Valuation
Pomanda estimates the enterprise value of HOLMES FUNDING LIMITED at £159.7m based on a Turnover of £107.7m and 1.48x industry multiple (adjusted for size and gross margin).
holmes funding limited Estimated Valuation
Pomanda estimates the enterprise value of HOLMES FUNDING LIMITED at £0 based on an EBITDA of £-39.9m and a 5.96x industry multiple (adjusted for size and gross margin).
holmes funding limited Estimated Valuation
Pomanda estimates the enterprise value of HOLMES FUNDING LIMITED at £35.2m based on Net Assets of £17.5m and 2.01x industry multiple (adjusted for liquidity).
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Holmes Funding Limited Overview
Holmes Funding Limited is a live company located in london, NW1 3AN with a Companies House number of 03982428. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2000, it's largest shareholder is holmes holdings ltd with a 100% stake. Holmes Funding Limited is a mature, mega sized company, Pomanda has estimated its turnover at £107.7m with rapid growth in recent years.
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Holmes Funding Limited Health Check
Pomanda's financial health check has awarded Holmes Funding Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
3 Weak
Size
annual sales of £107.7m, make it larger than the average company (£5.5m)
£107.7m - Holmes Funding Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 70%, show it is growing at a faster rate (4.9%)
70% - Holmes Funding Limited
4.9% - Industry AVG
Production
with a gross margin of 0.6%, this company has a higher cost of product (58.7%)
0.6% - Holmes Funding Limited
58.7% - Industry AVG
Profitability
an operating margin of -37.1% make it less profitable than the average company (9.1%)
-37.1% - Holmes Funding Limited
9.1% - Industry AVG
Employees
with 460 employees, this is above the industry average (16)
- Holmes Funding Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Holmes Funding Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £234.1k, this is equally as efficient (£234.5k)
- Holmes Funding Limited
£234.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Holmes Funding Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Holmes Funding Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Holmes Funding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 144 weeks, this is more cash available to meet short term requirements (36 weeks)
144 weeks - Holmes Funding Limited
36 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.3%, this is a higher level of debt than the average (58.5%)
99.3% - Holmes Funding Limited
58.5% - Industry AVG
HOLMES FUNDING LIMITED financials
Holmes Funding Limited's latest turnover from December 2023 is £107.7 million and the company has net assets of £17.5 million. According to their latest financial statements, we estimate that Holmes Funding Limited has 460 employees and maintains cash reserves of £79.3 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 | 107,684,000 | 15,521,000 | 8,279,000 | 22,020,000 | 36,867,000 | 52,410,000 | 50,583,000 | 90,061,000 | 149,763,000 | 247,320,000 | 331,239,000 | 317,974,000 | 205,238,000 | 252,372,000 | 966,734,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 107,039,000 | 16,146,000 | 7,684,000 | 20,296,000 | 37,719,000 | 52,191,000 | 50,387,000 | 88,980,000 | 148,716,000 | 246,702,000 | 330,123,000 | 317,012,000 | 204,247,000 | 250,223,000 | 958,875,000 |
| Gross Profit | 645,000 | -625,000 | 595,000 | 1,724,000 | -852,000 | 219,000 | 196,000 | 1,081,000 | 1,047,000 | 618,000 | 1,116,000 | 962,000 | 991,000 | 2,149,000 | 7,859,000 |
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -40,640,000 | 51,496,000 | 9,051,000 | 7,829,000 | 23,216,000 | 3,037,000 | -33,305,000 | -7,518,000 | 27,181,000 | -90,255,000 | 134,888,000 | 22,182,000 | -27,259,000 | 23,873,000 | -92,073,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -1,000 | -1,000 | -1,000 | -10,000 | 0 | -8,000 | -39,000 |
| Profit After Tax | -40,640,000 | 51,496,000 | 9,051,000 | 7,829,000 | 23,216,000 | 3,037,000 | -33,305,000 | -7,519,000 | 27,180,000 | -90,256,000 | 134,887,000 | 22,172,000 | -27,259,000 | 23,865,000 | -92,112,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -40,640,000 | 51,496,000 | 9,051,000 | 7,829,000 | 23,216,000 | 3,037,000 | -33,305,000 | -7,519,000 | 27,180,000 | -90,256,000 | 134,887,000 | 22,172,000 | -27,259,000 | 23,865,000 | -92,112,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Number Of Employees | |||||||||||||||
| EBITDA* |
* 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 | 2,459,332,000 | 918,535,000 | 545,474,000 | 884,801,000 | 1,998,776,000 | 3,136,521,000 | 1,602,861,000 | 2,784,475,000 | 5,397,819,000 | 7,960,268,000 | 10,936,710,000 | 11,546,140,000 | 8,381,408,000 | 2,581,656,000 | 11,886,994,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,459,332,000 | 918,535,000 | 0 | 0 | 1,457,000 | 2,101,000 | 0 | 2,318,000 | 10,202,000 | 5,352,000 | 104,345,000 | 20,091,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 543,416,000 | 884,801,000 | 1,997,319,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,459,332,000 | 918,535,000 | 543,416,000 | 884,801,000 | 1,998,776,000 | 3,136,521,000 | 1,602,861,000 | 2,784,475,000 | 5,397,819,000 | 7,960,268,000 | 10,936,710,000 | 11,546,140,000 | 8,381,408,000 | 2,581,656,000 | 11,886,994,000 |
| Stock & work in progress | 0 | 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 | 0 |
| Group Debtors | 0 | 0 | 10,000 | 23,000 | 209,000 | 209,000 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 79,291,000 | 120,251,000 | 70,409,000 | 290,162,000 | 393,220,000 | 334,091,000 | 108,127,000 | 450,231,000 | 333,372,000 | 442,410,000 | 685,217,000 | 643,566,000 | 361,374,000 | 6,098,694,000 | 1,752,371,000 |
| misc current assets | 346,000 | 330,000 | 0 | 95,000 | 266,000 | 0 | 0 | 144,000 | 3,357,000 | 6,725,000 | 13,488,000 | 19,801,000 | 15,889,000 | 8,673,000 | 6,884,000 |
| total current assets | 79,637,000 | 120,581,000 | 70,419,000 | 290,280,000 | 393,695,000 | 334,300,000 | 108,161,000 | 450,375,000 | 336,729,000 | 449,135,000 | 698,705,000 | 663,367,000 | 377,263,000 | 6,107,367,000 | 1,759,255,000 |
| total assets | 2,538,969,000 | 1,039,116,000 | 613,835,000 | 1,175,081,000 | 2,392,471,000 | 3,470,821,000 | 1,711,022,000 | 3,234,850,000 | 5,734,548,000 | 8,409,403,000 | 11,635,415,000 | 12,209,507,000 | 8,758,671,000 | 8,689,023,000 | 13,646,249,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 28,556,000 | 7,025,000 | 827,000 | 1,632,000 | 6,655,000 | 10,602,000 | 4,575,000 | 11,348,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 23,000 | 61,000 | 38,000 | 19,000 | 0 | 12,000 | 0 | 1,000 | 10,194,000 | 35,974,000 | 554,691,000 | 486,375,000 | 761,788,000 | 99,765,000 | 128,243,000 |
| total current liabilities | 28,579,000 | 7,086,000 | 865,000 | 1,651,000 | 6,655,000 | 10,614,000 | 4,575,000 | 11,349,000 | 10,194,000 | 35,974,000 | 554,691,000 | 486,375,000 | 761,788,000 | 99,765,000 | 128,243,000 |
| loans | 103,378,000 | 0 | 606,277,000 | 1,175,788,000 | 2,396,003,000 | 3,493,610,000 | 1,742,887,000 | 3,226,636,000 | 5,719,970,000 | 11,095,315,000 | 11,013,264,000 | 11,790,559,000 | 8,086,482,000 | 8,651,598,000 | 13,604,211,000 |
| hp & lease commitments | 0 | 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 | 0 |
| other liabilities | 2,441,152,000 | 973,841,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,492,841,000 | 973,841,000 | 606,277,000 | 1,175,788,000 | 2,396,003,000 | 3,493,610,000 | 1,742,887,000 | 3,226,636,000 | 5,719,970,000 | 8,396,225,000 | 11,013,264,000 | 11,790,559,000 | 8,086,482,000 | 8,651,598,000 | 13,604,211,000 |
| total liabilities | 2,521,420,000 | 980,927,000 | 607,142,000 | 1,177,439,000 | 2,402,658,000 | 3,504,224,000 | 1,747,462,000 | 3,237,985,000 | 5,730,164,000 | 8,432,199,000 | 11,567,955,000 | 12,276,934,000 | 8,848,270,000 | 8,751,363,000 | 13,732,454,000 |
| net assets | 17,549,000 | 58,189,000 | 6,693,000 | -2,358,000 | -10,187,000 | -33,403,000 | -36,440,000 | -3,135,000 | 4,384,000 | -22,796,000 | 67,460,000 | -67,427,000 | -89,599,000 | -62,340,000 | -86,205,000 |
| total shareholders funds | 17,549,000 | 58,189,000 | 6,693,000 | -2,358,000 | -10,187,000 | -33,403,000 | -36,440,000 | -3,135,000 | 4,384,000 | -22,796,000 | 67,460,000 | -67,427,000 | -89,599,000 | -62,340,000 | -86,205,000 |
| 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 | |||||||||||||||
| Depreciation | 0 | 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 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,000 | -1,000 | -1,000 | -1,000 | -10,000 | 0 | -8,000 | -39,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -543,426,000 | -341,398,000 | -1,112,704,000 | 1,997,319,000 | 175,000 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -38,000 | 23,000 | 19,000 | 19,000 | -12,000 | 12,000 | -1,000 | -10,193,000 | -25,780,000 | -518,717,000 | 68,316,000 | -275,413,000 | 662,023,000 | -28,478,000 | 128,243,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 1,540,797,000 | 918,535,000 | 0 | -1,457,000 | -644,000 | 2,101,000 | -2,318,000 | -7,884,000 | 4,850,000 | -98,993,000 | 84,254,000 | 20,091,000 | 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 | 21,531,000 | 6,198,000 | -805,000 | -5,023,000 | -3,947,000 | 6,027,000 | -6,773,000 | 11,348,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 103,378,000 | -606,277,000 | -569,511,000 | -1,220,215,000 | -1,097,607,000 | 1,750,723,000 | -1,483,749,000 | -2,493,334,000 | -5,375,345,000 | 82,051,000 | -777,295,000 | 3,704,077,000 | -565,116,000 | -4,952,613,000 | 13,604,211,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,467,311,000 | 973,841,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 1,592,220,000 | 373,762,000 | -570,316,000 | -1,225,238,000 | -1,101,554,000 | 1,756,750,000 | -1,490,522,000 | -2,481,986,000 | -5,375,345,000 | 82,051,000 | -777,295,000 | 3,704,077,000 | -565,116,000 | -4,952,613,000 | 13,610,118,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -40,960,000 | 49,842,000 | -219,753,000 | -103,058,000 | 59,129,000 | 225,964,000 | -342,104,000 | 116,859,000 | -109,038,000 | -242,807,000 | 41,651,000 | 282,192,000 | -5,737,320,000 | 4,346,323,000 | 1,752,371,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -40,960,000 | 49,842,000 | -219,753,000 | -103,058,000 | 59,129,000 | 225,964,000 | -342,104,000 | 116,859,000 | -109,038,000 | -242,807,000 | 41,651,000 | 282,192,000 | -5,737,320,000 | 4,346,323,000 | 1,752,371,000 |
holmes funding limited Credit Report and Business Information
Holmes Funding Limited Competitor Analysis
Perform a competitor analysis for holmes funding limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in NW1 area or any other competitors across 12 key performance metrics.
holmes funding limited Ownership
HOLMES FUNDING LIMITED group structure
Holmes Funding Limited has no subsidiary companies.
holmes funding limited directors
Holmes Funding Limited currently has 2 directors. The longest serving directors include Mr Daniel Wynne (Nov 2017) and Mr Lee Grant (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Wynne | 54 years | Nov 2017 | - | Director | |
| Mr Lee Grant | United Kingdom | 39 years | Aug 2023 | - | Director |
P&L
December 2023turnover
107.7m
+594%
operating profit
-39.9m
0%
gross margin
0.6%
-114.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
17.5m
-0.7%
total assets
2.5b
+1.44%
cash
79.3m
-0.34%
net assets
Total assets minus all liabilities
holmes funding limited company details
company number
03982428
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
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
trushelfco (no.2656) limited (June 2000)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
2 triton square, regent's place, london, NW1 3AN
Bank
-
Legal Advisor
-
holmes funding 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 found 23 charges/mortgages relating to holmes funding limited. Currently there are 23 open charges and 0 have been satisfied in the past.
holmes funding limited Companies House Filings - See Documents
| date | description | view/download |
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