local credit & finance limited
local credit & finance limited Company Information
Company Number
04082338
Next Accounts
943 days late
Industry
Development of building projects
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Directors
Shareholders
mr giles falkiner nuttall & mrs p.a. nuttall
Group Structure
View All
Contact
Registered Address
office 4, former globe hotel, crane street, pontypool, NP4 6LY
Website
lerwickloans.co.uklocal credit & finance limited Estimated Valuation
Pomanda estimates the enterprise value of LOCAL CREDIT & FINANCE LIMITED at £6.8m based on a Turnover of £3.2m and 2.09x industry multiple (adjusted for size and gross margin).
local credit & finance limited Estimated Valuation
Pomanda estimates the enterprise value of LOCAL CREDIT & FINANCE LIMITED at £111.1k based on an EBITDA of £20k and a 5.55x industry multiple (adjusted for size and gross margin).
local credit & finance limited Estimated Valuation
Pomanda estimates the enterprise value of LOCAL CREDIT & FINANCE LIMITED at £2.8m based on Net Assets of £1.8m and 1.54x industry multiple (adjusted for liquidity).
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Local Credit & Finance Limited Overview
Local Credit & Finance Limited is a live company located in pontypool, NP4 6LY with a Companies House number of 04082338. It operates in the development of building projects sector, SIC Code 41100. Founded in October 2000, it's largest shareholder is mr giles falkiner nuttall & mrs p.a. nuttall with a 100% stake. Local Credit & Finance Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with rapid growth in recent years.
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Local Credit & Finance Limited Health Check
Pomanda's financial health check has awarded Local Credit & Finance 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 £3.2m, make it larger than the average company (£1.3m)
- Local Credit & Finance Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 37%, show it is growing at a faster rate (2.8%)
- Local Credit & Finance Limited
2.8% - Industry AVG
Production
with a gross margin of 48.1%, this company has a comparable cost of product (48.1%)
- Local Credit & Finance Limited
48.1% - Industry AVG
Profitability
an operating margin of 0.5% make it less profitable than the average company (24.5%)
- Local Credit & Finance Limited
24.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (5)
2 - Local Credit & Finance Limited
5 - Industry AVG
Pay Structure
on an average salary of £35.6k, the company has an equivalent pay structure (£35.6k)
- Local Credit & Finance Limited
£35.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.6m, this is more efficient (£204k)
- Local Credit & Finance Limited
£204k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (31 days)
- Local Credit & Finance Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 350 days, this is slower than average (30 days)
- Local Credit & Finance Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Local Credit & Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Local Credit & Finance Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.9%, this is a similar level of debt than the average (70.1%)
64.9% - Local Credit & Finance Limited
70.1% - Industry AVG
LOCAL CREDIT & FINANCE LIMITED financials
Local Credit & Finance Limited's latest turnover from September 2020 is estimated at £3.2 million and the company has net assets of £1.8 million. According to their latest financial statements, Local Credit & Finance Limited has 2 employees and maintains cash reserves of £26.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,143 | 6,289 | 730 | 1,808 | 6,831 | 11,147 | 18,118 | 4,215 | 8,692 | 16,036 | 25,432 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,050,140 | 5,530,140 | 7,131,140 | 7,846,140 | 8,174,140 | 8,509,140 | 9,219,140 | 9,554,140 | 10,599,140 | 11,510,680 | 12,093,250 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 5,054,283 | 5,536,429 | 7,131,870 | 7,847,948 | 8,180,971 | 8,520,287 | 9,237,258 | 9,558,355 | 10,607,832 | 11,526,716 | 12,118,682 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 23,050 | 23,050 | 0 | 204,830 | 89,699 | 46,396 | 66,871 | 281,481 | 0 | 21,693 | 1,810 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 335,090 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 26,358 | 197,780 | 48,851 | 604 | 4,500 | 10,970 | 581 | 631 | 65,648 | 4,483 | 78,802 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 49,408 | 220,830 | 383,941 | 205,434 | 94,199 | 57,366 | 67,452 | 282,112 | 65,648 | 26,176 | 80,612 |
| total assets | 5,103,691 | 5,757,259 | 7,515,811 | 8,053,382 | 8,275,170 | 8,577,653 | 9,304,710 | 9,840,467 | 10,673,480 | 11,552,892 | 12,199,294 |
| Bank overdraft | 0 | 0 | 739,216 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,617,338 | 1,869,545 | 0 | 165,235 | 231,027 | 260,655 | 205,771 | 195,605 | 573,978 | 691,094 | 839,026 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 0 | 0 | 31,537 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,617,338 | 1,869,545 | 770,753 | 165,235 | 231,027 | 260,655 | 205,771 | 195,605 | 573,978 | 691,094 | 839,026 |
| loans | 0 | 0 | 4,780,015 | 0 | 0 | 6,253,043 | 2,118,693 | 2,187,464 | 7,380,550 | 7,446,177 | 7,427,658 |
| hp & lease commitments | 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 |
| other liabilities | 1,692,718 | 1,963,986 | 0 | 5,838,969 | 6,028,364 | 0 | 4,608,788 | 4,746,035 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 300 | 0 | 0 | 0 |
| total long term liabilities | 1,692,718 | 1,963,986 | 4,780,015 | 5,838,969 | 6,028,364 | 6,253,043 | 6,727,481 | 6,933,799 | 7,380,550 | 7,446,177 | 7,427,658 |
| total liabilities | 3,310,056 | 3,833,531 | 5,550,768 | 6,004,204 | 6,259,391 | 6,513,698 | 6,933,252 | 7,129,404 | 7,954,528 | 8,137,271 | 8,266,684 |
| net assets | 1,793,635 | 1,923,728 | 1,965,043 | 2,049,178 | 2,015,779 | 2,063,955 | 2,371,458 | 2,711,063 | 2,718,952 | 3,415,621 | 3,932,610 |
| total shareholders funds | 1,793,635 | 1,923,728 | 1,965,043 | 2,049,178 | 2,015,779 | 2,063,955 | 2,371,458 | 2,711,063 | 2,718,952 | 3,415,621 | 3,932,610 |
| Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 2,146 | 2,091 | 1,078 | 5,023 | 6,126 | 9,420 | 6,047 | 1,412 | 7,344 | 9,834 | 11,996 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -312,040 | 130,260 | 115,131 | 43,303 | -20,475 | -214,610 | 281,481 | -21,693 | 19,883 | 1,810 |
| Creditors | -252,207 | 1,869,545 | -165,235 | -65,792 | -29,628 | 54,884 | 10,166 | -378,373 | -117,116 | -147,932 | 839,026 |
| Accruals and Deferred Income | 0 | -31,537 | 31,537 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | -300 | 300 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -480,000 | -1,601,000 | -715,000 | -328,000 | -335,000 | -710,000 | -335,000 | -1,045,000 | -911,540 | -582,570 | 12,093,250 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 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 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -4,780,015 | 4,780,015 | 0 | -6,253,043 | 4,134,350 | -68,771 | -5,193,086 | -65,627 | 18,519 | 7,427,658 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -271,268 | 1,963,986 | -5,838,969 | -189,395 | 6,028,364 | -4,608,788 | -137,247 | 4,746,035 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -171,422 | 148,929 | 48,247 | -3,896 | -6,470 | 10,389 | -50 | -65,017 | 61,165 | -74,319 | 78,802 |
| overdraft | 0 | -739,216 | 739,216 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -171,422 | 888,145 | -690,969 | -3,896 | -6,470 | 10,389 | -50 | -65,017 | 61,165 | -74,319 | 78,802 |
local credit & finance limited Credit Report and Business Information
Local Credit & Finance Limited Competitor Analysis
Perform a competitor analysis for local credit & finance limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in NP4 area or any other competitors across 12 key performance metrics.
local credit & finance limited Ownership
LOCAL CREDIT & FINANCE LIMITED group structure
Local Credit & Finance Limited has no subsidiary companies.
Ultimate parent company
LOCAL CREDIT & FINANCE LIMITED
04082338
local credit & finance limited directors
Local Credit & Finance Limited currently has 1 director, Mr Giles Nuttall serving since Oct 2006.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Giles Nuttall | Wales | 54 years | Oct 2006 | - | Director |
P&L
September 2020turnover
3.2m
-6%
operating profit
17.9k
0%
gross margin
48.1%
-0.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2020net assets
1.8m
-0.07%
total assets
5.1m
-0.11%
cash
26.4k
-0.87%
net assets
Total assets minus all liabilities
local credit & finance limited company details
company number
04082338
Type
Private limited with Share Capital
industry
41100 - Development of building projects
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
October 2000
age
25
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2020
previous names
N/A
accountant
-
auditor
-
address
office 4, former globe hotel, crane street, pontypool, NP4 6LY
Bank
-
Legal Advisor
-
local credit & 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 found 177 charges/mortgages relating to local credit & finance limited. Currently there are 4 open charges and 173 have been satisfied in the past.
local credit & 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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local credit & finance limited Companies House Filings - See Documents
| date | description | view/download |
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