curo transatlantic limited
curo transatlantic limited Company Information
Company Number
04179322
Website
wagedayadvance.co.ukRegistered Address
c/o kpmg llp 1 sovereign street, leeds, west yorkshire, LS1 4DA
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02073114814
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
src transatlantic ltd 100%
curo transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of CURO TRANSATLANTIC LIMITED at £55.6m based on a Turnover of £28.8m and 1.93x industry multiple (adjusted for size and gross margin).
curo transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of CURO TRANSATLANTIC LIMITED at £0 based on an EBITDA of £-671k and a 7.77x industry multiple (adjusted for size and gross margin).
curo transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of CURO TRANSATLANTIC LIMITED at £23.2m based on Net Assets of £11.6m and 2.01x industry multiple (adjusted for liquidity).
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Curo Transatlantic Limited Overview
Curo Transatlantic Limited is a dissolved company that was located in west yorkshire, LS1 4DA with a Companies House number of 04179322. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2001, it's largest shareholder was src transatlantic ltd with a 100% stake. The last turnover for Curo Transatlantic Limited was estimated at £28.8m.
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Curo Transatlantic Limited Health Check
Pomanda's financial health check has awarded Curo Transatlantic Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £28.8m, make it larger than the average company (£3.4m)
£28.8m - Curo Transatlantic Limited
£3.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (5.4%)
-10% - Curo Transatlantic Limited
5.4% - Industry AVG
Production
with a gross margin of 38.3%, this company has a higher cost of product (63.9%)
38.3% - Curo Transatlantic Limited
63.9% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (11.9%)
-3.3% - Curo Transatlantic Limited
11.9% - Industry AVG
Employees
with 209 employees, this is above the industry average (14)
209 - Curo Transatlantic Limited
14 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has a lower pay structure (£69.3k)
£34.9k - Curo Transatlantic Limited
£69.3k - Industry AVG
Efficiency
resulting in sales per employee of £137.7k, this is less efficient (£208k)
£137.7k - Curo Transatlantic Limited
£208k - Industry AVG
Debtor Days
it gets paid by customers after 127 days, this is later than average (38 days)
127 days - Curo Transatlantic Limited
38 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (41 days)
1 days - Curo Transatlantic Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Curo Transatlantic Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is average cash available to meet short term requirements (38 weeks)
31 weeks - Curo Transatlantic Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.7%, this is a lower level of debt than the average (54.5%)
46.7% - Curo Transatlantic Limited
54.5% - Industry AVG
CURO TRANSATLANTIC LIMITED financials
Curo Transatlantic Limited's latest turnover from December 2017 is £28.8 million and the company has net assets of £11.6 million. According to their latest financial statements, Curo Transatlantic Limited has 209 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 28,778,000 | 21,453,000 | 25,628,000 | 40,018,000 | 34,838,380 | 39,518,114 | 34,186,270 | 15,917,076 | 7,612,255 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 17,771,000 | 13,326,000 | 20,076,000 | 24,879,000 | 12,538,137 | 10,058,973 | 6,692,178 | 2,907,593 | 1,453,428 |
| Gross Profit | 11,007,000 | 8,127,000 | 5,552,000 | 15,139,000 | 22,300,243 | 29,459,141 | 27,494,092 | 13,009,483 | 6,158,827 |
| Admin Expenses | 11,948,000 | 10,594,000 | 13,205,000 | 10,780,000 | 10,924,027 | 9,747,780 | 11,099,601 | 4,628,755 | 3,075,734 |
| Operating Profit | -941,000 | -2,467,000 | -7,653,000 | 4,359,000 | 11,376,216 | 19,711,361 | 16,394,491 | 8,380,728 | 3,083,093 |
| Interest Payable | 177,000 | 127,000 | 0 | 12,000 | 7,006 | 11,120 | 13,654 | 33,629 | 24,056 |
| Interest Receivable | 66,000 | 20,000 | 26,000 | 38,000 | 105,792 | 105,591 | 14,644 | 0 | 0 |
| Pre-Tax Profit | -353,000 | -3,057,000 | -7,727,000 | 4,348,000 | 11,475,002 | 19,805,832 | 16,395,481 | 8,347,099 | 3,059,037 |
| Tax | 0 | 21,000 | 45,000 | -983,000 | -2,671,720 | -4,863,956 | -4,373,906 | -2,328,390 | -857,095 |
| Profit After Tax | -353,000 | -3,036,000 | -7,682,000 | 3,365,000 | 8,803,282 | 14,941,876 | 12,021,575 | 6,018,709 | 2,201,942 |
| Dividends Paid | 0 | 0 | 0 | 0 | 13,672,756 | 9,488,150 | 222,250 | 1,818,000 | 0 |
| Retained Profit | -353,000 | -3,036,000 | -7,682,000 | 3,365,000 | -4,869,474 | 5,453,726 | 11,799,325 | 4,200,709 | 2,201,942 |
| Employee Costs | 7,291,000 | 7,601,000 | 5,791,000 | 3,937,000 | 4,222,333 | 3,813,515 | 2,650,920 | 1,339,839 | 1,365,867 |
| Number Of Employees | 209 | 224 | 176 | 169 | 147 | 144 | 105 | 58 | 30 |
| EBITDA* | -671,000 | -2,186,000 | -7,383,000 | 4,573,000 | 11,542,429 | 19,910,006 | 16,526,209 | 8,478,117 | 3,131,030 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,035,000 | 805,000 | 1,054,000 | 1,224,000 | 612,186 | 698,013 | 562,456 | 258,450 | 237,525 |
| Intangible Assets | 326,000 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28,784 | 28,784 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,361,000 | 811,000 | 1,054,000 | 1,224,000 | 612,186 | 698,013 | 562,456 | 287,234 | 266,309 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 4,103 | 4,779 | 0 | 0 | 0 |
| Trade Debtors | 10,036,000 | 7,490,000 | 6,572,000 | 7,795,000 | 8,565,166 | 9,462,438 | 10,548,311 | 5,646,571 | 3,029,729 |
| Group Debtors | 3,822,000 | 918,000 | 0 | 0 | 0 | 0 | 0 | 0 | 163,349 |
| Misc Debtors | 835,000 | 1,534,000 | 1,363,000 | 1,144,000 | 3,772,089 | 3,007,847 | 1,979,474 | 512,795 | 431,249 |
| Cash | 5,641,000 | 8,695,000 | 10,885,000 | 16,284,000 | 8,779,034 | 14,355,797 | 8,993,643 | 3,220,184 | 821,381 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,334,000 | 18,637,000 | 18,820,000 | 25,223,000 | 21,120,392 | 26,830,861 | 21,521,428 | 9,379,550 | 4,445,708 |
| total assets | 21,695,000 | 19,448,000 | 19,874,000 | 26,447,000 | 21,732,578 | 27,528,874 | 22,083,884 | 9,666,784 | 4,712,017 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 41,503 | 69,586 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 84,000 | 163,000 | 23,000 | 64,000 | 157,626 | 171,508 | 108,182 | 50,366 | 34,242 |
| Group/Directors Accounts | 8,257,000 | 5,873,000 | 3,547,000 | 1,716,000 | 51,602 | 0 | 0 | 619,884 | 105,583 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 26,136 | 30,368 | 30,684 | 24,008 | 24,008 |
| other current liabilities | 1,104,000 | 936,000 | 941,000 | 904,000 | 1,998,103 | 3,015,490 | 3,154,827 | 1,974,916 | 1,670,352 |
| total current liabilities | 9,445,000 | 6,972,000 | 4,511,000 | 2,684,000 | 2,233,467 | 3,217,366 | 3,293,693 | 2,710,677 | 1,903,771 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 30,450 | 67,242 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 26,929 | 53,077 | 79,225 | 28,504 | 49,880 |
| Accruals and Deferred Income | 0 | 110,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 694,000 | 457,000 | 418,000 | 1,136,000 | 210,127 | 126,902 | 33,163 | 18,675 | 13,355 |
| total long term liabilities | 694,000 | 567,000 | 418,000 | 1,136,000 | 237,056 | 179,979 | 112,388 | 77,629 | 130,477 |
| total liabilities | 10,139,000 | 7,539,000 | 4,929,000 | 3,820,000 | 2,470,523 | 3,397,345 | 3,406,081 | 2,788,306 | 2,034,248 |
| net assets | 11,556,000 | 11,909,000 | 14,945,000 | 22,627,000 | 19,262,055 | 24,131,529 | 18,677,803 | 6,878,478 | 2,677,769 |
| total shareholders funds | 11,556,000 | 11,909,000 | 14,945,000 | 22,627,000 | 19,262,055 | 24,131,529 | 18,677,803 | 6,878,478 | 2,677,769 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -941,000 | -2,467,000 | -7,653,000 | 4,359,000 | 11,376,216 | 19,711,361 | 16,394,491 | 8,380,728 | 3,083,093 |
| Depreciation | 257,000 | 279,000 | 270,000 | 214,000 | 166,213 | 198,645 | 131,718 | 97,389 | 47,937 |
| Amortisation | 13,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 21,000 | 45,000 | -983,000 | -2,671,720 | -4,863,956 | -4,373,906 | -2,328,390 | -857,095 |
| Stock | 0 | 0 | 0 | -4,103 | -676 | 4,779 | 0 | 0 | 0 |
| Debtors | 4,751,000 | 2,007,000 | -1,004,000 | -3,398,255 | -133,030 | -57,500 | 6,368,419 | 2,535,039 | 3,624,327 |
| Creditors | -79,000 | 140,000 | -41,000 | -93,626 | -13,882 | 63,326 | 57,816 | 16,124 | 34,242 |
| Accruals and Deferred Income | 58,000 | 105,000 | 37,000 | -1,094,103 | -1,017,387 | -139,337 | 1,179,911 | 304,564 | 1,670,352 |
| Deferred Taxes & Provisions | 237,000 | 39,000 | -718,000 | 925,873 | 83,225 | 93,739 | 14,488 | 5,320 | 13,355 |
| Cash flow from operations | -5,206,000 | -3,888,000 | -7,056,000 | 6,730,502 | 8,056,371 | 15,116,499 | 7,036,099 | 3,940,696 | 367,557 |
| Investing Activities | |||||||||
| capital expenditure | -353,350 | -413,588 | -118,314 | -187,266 | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -28,784 | 0 | 28,784 |
| cash flow from investments | -353,350 | -384,804 | -118,314 | -216,050 | |||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,384,000 | 2,326,000 | 1,831,000 | 1,664,398 | 51,602 | 0 | -619,884 | 514,301 | 105,583 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | -30,450 | -36,792 | 67,242 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | -53,065 | -30,380 | -26,464 | 57,397 | -21,376 | 73,888 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | -111,000 | -107,000 | 26,000 | 26,000 | 98,786 | 94,471 | 990 | -33,629 | -24,056 |
| cash flow from financing | 2,273,000 | 2,219,000 | 1,857,000 | 1,637,278 | 120,008 | 68,007 | -591,947 | 422,504 | 698,484 |
| cash and cash equivalents | |||||||||
| cash | -3,054,000 | -2,190,000 | -5,399,000 | 7,504,966 | -5,576,763 | 5,362,154 | 5,773,459 | 2,398,803 | 821,381 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -41,503 | -28,083 | 69,586 |
| change in cash | -3,054,000 | -2,190,000 | -5,399,000 | 7,504,966 | -5,576,763 | 5,362,154 | 5,814,962 | 2,426,886 | 751,795 |
curo transatlantic limited Credit Report and Business Information
Curo Transatlantic Limited Competitor Analysis
Perform a competitor analysis for curo transatlantic limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in LS1 area or any other competitors across 12 key performance metrics.
curo transatlantic limited Ownership
CURO TRANSATLANTIC LIMITED group structure
Curo Transatlantic Limited has no subsidiary companies.
Ultimate parent company
CURO GROUP HOLDING CORP
#0093993
2 parents
CURO TRANSATLANTIC LIMITED
04179322
curo transatlantic limited directors
Curo Transatlantic Limited currently has 2 directors. The longest serving directors include Mr William Baker (Feb 2016) and Mr Eugene Thomas Iv (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Baker | 43 years | Feb 2016 | - | Director | |
| Mr Eugene Thomas Iv | 47 years | Apr 2016 | - | Director |
P&L
December 2017turnover
28.8m
+34%
operating profit
-941k
-62%
gross margin
38.3%
+0.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
11.6m
-0.03%
total assets
21.7m
+0.12%
cash
5.6m
-0.35%
net assets
Total assets minus all liabilities
curo transatlantic limited company details
company number
04179322
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
March 2001
age
23
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2017
previous names
wage day advance limited (February 2017)
cash 4 compensation ltd (February 2008)
accountant
-
auditor
-
address
c/o kpmg llp 1 sovereign street, leeds, west yorkshire, LS1 4DA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
curo transatlantic 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 curo transatlantic limited.
curo transatlantic limited Companies House Filings - See Documents
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