the funding corporation (1) limitedEstimated Valuation
£545k
Pomanda estimates the enterprise value of THE FUNDING CORPORATION (1) LIMITED at £545k based on a Turnover of £135.8k and 4.01x industry multiple (adjusted for size and gross margin).
the funding corporation (1) limitedEstimated Valuation
£11.9m
Pomanda estimates the enterprise value of THE FUNDING CORPORATION (1) LIMITED at £11.9m based on an EBITDA of £570.4k and a 20.95x industry multiple (adjusted for size and gross margin).
the funding corporation (1) limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of THE FUNDING CORPORATION (1) LIMITED at £0 based on Net Assets of £-1.1m and 2.01x industry multiple (adjusted for liquidity).
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The Funding Corporation (1) LimitedOverview
The Funding Corporation (1) Limited is a live company located in solihull, B90 4WA with a Companies House number of 04189928. It operates in the financial leasing sector, SIC Code 64910. Founded in March 2001, it's largest shareholder is
funding corp ltd
with a 100% stake. The Funding Corporation (1) Limited is a mature,
micro sized company, Pomanda has estimated its turnover at
£135.8k with
declining
growth in recent years.
Pomanda's financial health check has awarded The Funding Corporation (1) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
0 Regular
5 Weak
Size
annual sales of £135.8k, make it smaller than the average company (£7m)
£135.8k - The Funding Corporation (1) Limited
£7m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (8.7%)
-24% - The Funding Corporation (1) Limited
8.7% - Industry AVG
Production
with a gross margin of 423.9%, this company has a lower cost of product (55.9%)
423.9% - The Funding Corporation (1) Limited
55.9% - Industry AVG
Profitability
an operating margin of 419.9% make it more profitable than the average company (20.7%)
419.9% - The Funding Corporation (1) Limited
20.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (16)
3 - The Funding Corporation (1) Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - The Funding Corporation (1) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £45.3k, this is less efficient (£379.5k)
£45.3k - The Funding Corporation (1) Limited
£379.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Funding Corporation (1) Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - The Funding Corporation (1) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Funding Corporation (1) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is more cash available to meet short term requirements (9 weeks)
16 weeks - The Funding Corporation (1) Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 129%, this is a higher level of debt than the average (92.5%)
129% - The Funding Corporation (1) Limited
92.5% - Industry AVG
THE FUNDING CORPORATION (1) LIMITED financials
EXPORT
The Funding Corporation (1) Limited's latest turnover from December 2023 is £135.8 thousand and the company has net assets of -£1.1 million. According to their latest financial statements, The Funding Corporation (1) Limited has 3 employees and maintains cash reserves of £1.6 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
135,837
189,113
230,671
308,346
407,411
564,128
721,853
906,288
974,771
1,207,964
1,771,638
1,925,953
1,804,461
2,087,702
4,589,737
Other Income Or Grants
Cost Of Sales
-439,996
-219,649
-262,810
-268,067
-652,929
-182,811
-1,396,935
-535,516
-1,112,286
-752,016
7,816,716
465,407
98,877
1,996,995
3,963,310
Gross Profit
575,833
408,762
493,481
576,413
1,060,340
746,939
2,118,788
1,441,804
2,087,057
1,959,980
-6,045,078
1,460,546
1,705,584
90,707
626,427
Admin Expenses
5,414
102,427
232,626
264,125
142,964
525,966
1,737,580
903,243
1,318,372
562,183
487,800
803,873
569,655
681,179
2,414,424
Operating Profit
570,419
306,335
260,855
312,288
917,376
220,973
381,208
538,561
768,685
1,397,797
-6,532,878
656,673
1,135,929
-590,472
-1,787,997
Interest Payable
20,158
18,718
726,829
754,729
631,113
553,185
485,895
280,144
428,015
28,582
130,443
220,839
327,744
Interest Receivable
103
Pre-Tax Profit
570,419
286,177
242,137
-414,541
162,647
-410,140
-171,977
52,666
488,541
969,782
-6,532,878
628,091
1,005,486
-811,208
-2,115,741
Tax
-133,199
-54,374
-46,006
-54,737
-167,103
-35,920
-62,592
-93,388
-119,456
-74,924
1,514,782
-161,787
-1,371
426,046
574,658
Profit After Tax
437,220
231,803
196,131
-469,278
-4,456
-446,060
-234,569
-40,722
369,085
894,858
-5,018,096
466,304
1,004,115
-385,162
-1,541,083
Dividends Paid
Retained Profit
437,220
231,803
196,131
-469,278
-4,456
-446,060
-234,569
-40,722
369,085
894,858
-5,018,096
466,304
1,004,115
-385,162
-1,541,083
Employee Costs
123,579
121,034
171,317
227,767
Number Of Employees
3
1
1
2
2
3
4
6
6
7
8
9
3
3
3
EBITDA*
570,419
306,335
260,855
312,288
917,376
220,973
381,208
538,561
768,685
1,397,797
-6,532,878
656,673
1,135,929
-590,472
-1,787,997
* 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
Intangible Assets
Investments & Other
596,626
853,294
1,199,880
1,697,610
2,346,693
3,180,443
4,148,321
4,994,992
6,563,849
8,096,906
Debtors (Due After 1 year)
8,880,535
12,746,980
15,839,895
11,873,883
28,119,499
Total Fixed Assets
596,626
853,294
1,199,880
1,697,610
2,346,693
3,180,443
4,148,321
4,994,992
6,563,849
8,096,906
8,880,535
12,746,980
15,839,895
11,873,883
28,119,499
Stock & work in progress
Trade Debtors
2,877,175
2,223,539
4,418,863
14,153,664
7,774,908
Group Debtors
1,120,927
1,104,239
1,048,530
913,207
1,004,861
66,770
1,258,266
85,112
16,489,669
Misc Debtors
453
2,218
451
498,217
1,529,626
6,389,480
6,402,752
6,525,075
8,240,729
Cash
1,555,503
1,021,515
281,614
526,094
227,887
829,132
230,899
132,562
194,662
131,063
16,370
54,426
50
50
50
misc current assets
638,180
598,529
650,250
783,713
689,847
1,004,784
1,303,418
1,714,629
2,008,679
2,183,110
3,918,473
total current assets
3,315,063
2,726,501
1,980,845
2,223,014
1,922,595
1,833,916
1,534,317
1,847,191
2,203,341
2,812,390
4,423,171
8,734,215
12,079,931
20,763,901
36,423,829
total assets
3,911,689
3,579,795
3,180,725
3,920,624
4,269,288
5,014,359
5,682,638
6,842,183
8,767,190
10,909,296
13,303,706
21,481,195
27,919,826
32,637,784
64,543,328
Bank overdraft
160,237
436,487
15,005
Bank loan
4,500,000
19,500,000
Trade Creditors
105
2,355
2,355
1,986
3,212
6,130
14,796
Group/Directors Accounts
4,445,379
4,445,379
4,345,466
5,408,897
5,133,113
2,128,146
2,846,287
3,625,006
4,988,775
8,052,725
9,106,619
19,907,223
22,382,357
13,317,073
33,109,819
other short term finances
hp & lease commitments
other current liabilities
560,718
399,981
353,966
244,459
208,793
832,534
933,171
1,576,455
2,511,353
6,898,218
27,823
2,185,257
1,953,595
1,461,784
397,236
total current liabilities
5,006,097
4,845,360
4,699,432
5,653,356
5,341,906
2,960,680
3,779,458
5,201,566
7,500,128
14,953,298
9,136,797
22,094,466
28,999,401
34,721,474
33,536,856
loans
3,579,352
2,982,793
2,485,661
2,071,384
32,705,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
39,845
305,908
284,569
266,675
457,511
150,316
9,798,276
total long term liabilities
39,845
305,908
284,569
266,675
457,511
3,579,352
2,982,793
2,485,661
2,071,384
150,316
9,798,276
32,705,000
total liabilities
5,045,942
5,151,268
4,984,001
5,920,031
5,799,417
6,540,032
6,762,251
7,687,227
9,571,512
15,103,614
18,935,073
22,094,466
28,999,401
34,721,474
66,241,856
net assets
-1,134,253
-1,571,473
-1,803,276
-1,999,407
-1,530,129
-1,525,673
-1,079,613
-845,044
-804,322
-4,194,318
-5,631,367
-613,271
-1,079,575
-2,083,690
-1,698,528
total shareholders funds
-1,134,253
-1,571,473
-1,803,276
-1,999,407
-1,530,129
-1,525,673
-1,079,613
-845,044
-804,322
-4,194,318
-5,631,367
-613,271
-1,079,575
-2,083,690
-1,698,528
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
570,419
306,335
260,855
312,288
917,376
220,973
381,208
538,561
768,685
1,397,797
-6,532,878
656,673
1,135,929
-590,472
-1,787,997
Depreciation
Amortisation
Tax
-133,199
-54,374
-46,006
-54,737
-167,103
-35,920
-62,592
-93,388
-119,456
-74,924
1,514,782
-161,787
-1,371
426,046
574,658
Stock
Debtors
14,923
57,476
135,774
-91,654
1,004,861
-498,217
-12,789,119
-8,139,433
-6,493,007
-4,717,958
-27,987,071
60,624,805
Creditors
-105
105
-2,355
369
-1,226
-2,918
-8,666
14,796
Accruals and Deferred Income
160,737
46,015
109,507
35,666
-623,741
-100,637
-643,284
-934,898
-4,386,865
6,870,395
-2,157,434
231,662
491,811
1,064,548
397,236
Deferred Taxes & Provisions
-266,063
21,339
17,894
-190,836
457,511
-150,316
-9,647,960
9,798,276
Cash flow from operations
316,971
261,839
206,476
194,035
-420,818
84,416
-324,773
-489,620
-3,392,090
11,334,427
10,762,548
7,218,329
6,341,409
28,878,527
-61,426,112
Investing Activities
capital expenditure
Change in Investments
-256,668
-346,586
-497,730
-649,083
-833,750
-967,878
-846,671
-1,568,857
-1,533,057
8,096,906
cash flow from investments
256,668
346,586
497,730
649,083
833,750
967,878
846,671
1,568,857
1,533,057
-8,096,906
Financing Activities
Bank loans
-4,500,000
-15,000,000
19,500,000
Group/Directors Accounts
99,913
-1,063,431
275,784
3,004,967
-718,141
-778,719
-1,363,769
-3,063,950
-1,053,894
-10,800,604
-2,475,134
9,065,284
-19,792,746
33,109,819
Other Short Term Loans
Long term loans
-3,579,352
596,559
497,132
414,277
2,071,384
-32,705,000
32,705,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue
3,020,911
542,191
-157,445
interest
-20,158
-18,718
-726,829
-754,729
-631,113
-553,185
-485,895
-280,144
-428,015
-28,582
-130,443
-220,736
-327,744
cash flow from financing
79,755
-1,082,149
-451,045
-1,329,114
-752,695
-834,772
-1,435,387
1,748,201
-939,718
-10,800,604
-7,003,716
-6,065,159
-33,218,482
65,329,630
cash and cash equivalents
cash
533,988
739,901
-244,480
298,207
-601,245
598,233
98,337
-62,100
63,599
114,693
-38,056
54,376
50
overdraft
-160,237
-276,250
421,482
15,005
change in cash
533,988
739,901
-244,480
298,207
-601,245
598,233
98,337
-62,100
63,599
114,693
-38,056
214,613
276,250
-421,482
-14,955
the funding corporation (1) limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the funding corporation (1) limited. Get real-time insights into the funding corporation (1) limited's credit score, group structure and payment trends.
The Funding Corporation (1) Limited Competitor Analysis
Perform a competitor analysis for the funding corporation (1) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in B90 area or any other competitors across 12 key performance metrics.
the funding corporation (1) limited Ownership
THE FUNDING CORPORATION (1) LIMITED group structure
The Funding Corporation (1) Limited has no subsidiary companies.
The sole shareholder of The Funding Corporation (1) Limited is Funding Corp Ltd.
funding corp ltd
100%
the funding corporation (1) limited directors
The Funding Corporation (1) Limited currently has 3 directors.
The longest serving directors include
Mr Gary Hutton (Dec 2011) and
Mr Patrick Hanlon (Aug 2020).
the funding corporation (1) limited company details
company number
04189928
Type
Private limited with Share Capital
industry
65120 - Non-life insurance
64910 - Financial leasing
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
March 2001
age
24
incorporated
UK
ultimate parent company
IMG UK HOLDINGS LTD
accounts
Full Accounts
last accounts submitted
December 2023
previous names
broomco (2511) limited (April 2001)
accountant
-
auditor
BDO LLP
address
the gate international drive, solihull, B90 4WA
Bank
-
Legal Advisor
-
the funding corporation (1) 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 36 charges/mortgages relating to the funding corporation (1) limited. Currently there are 28 open charges and 8 have been satisfied in the past.
the funding corporation (1) 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 THE FUNDING CORPORATION (1) LIMITED. This can take several minutes, an email will notify you when this has completed.
the funding corporation (1) limitedCompanies House Filings - See Documents
