the enterprise fund limited
the enterprise fund limited Company Information
Company Number
04460763
Next Accounts
28 days late
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Shareholders
-
Group Structure
View All
Contact
Registered Address
lee house, 90 great bridgewater street, manchester, M1 5JW
Website
www.befund.orgthe enterprise fund limited Estimated Valuation
Pomanda estimates the enterprise value of THE ENTERPRISE FUND LIMITED at £5m based on a Turnover of £3.7m and 1.34x industry multiple (adjusted for size and gross margin).
the enterprise fund limited Estimated Valuation
Pomanda estimates the enterprise value of THE ENTERPRISE FUND LIMITED at £0 based on an EBITDA of £-40k and a 5.12x industry multiple (adjusted for size and gross margin).
the enterprise fund limited Estimated Valuation
Pomanda estimates the enterprise value of THE ENTERPRISE FUND LIMITED at £23.5m based on Net Assets of £10.4m and 2.25x industry multiple (adjusted for liquidity).
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The Enterprise Fund Limited Overview
The Enterprise Fund Limited is a live company located in manchester, M1 5JW with a Companies House number of 04460763. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in June 2002, it's largest shareholder is unknown. The Enterprise Fund Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with low growth in recent years.
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The Enterprise Fund Limited Health Check
Pomanda's financial health check has awarded The Enterprise Fund Limited a 3.5 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 £3.7m, make it smaller than the average company (£12.7m)
£3.7m - The Enterprise Fund Limited
£12.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7%)
3% - The Enterprise Fund Limited
7% - Industry AVG
Production
with a gross margin of 19.4%, this company has a comparable cost of product (19.4%)
19.4% - The Enterprise Fund Limited
19.4% - Industry AVG
Profitability
an operating margin of -5% make it less profitable than the average company (6.5%)
-5% - The Enterprise Fund Limited
6.5% - Industry AVG
Employees
with 43 employees, this is above the industry average (15)
43 - The Enterprise Fund Limited
15 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has a lower pay structure (£61.5k)
£39.7k - The Enterprise Fund Limited
£61.5k - Industry AVG
Efficiency
resulting in sales per employee of £87.1k, this is less efficient (£314.2k)
£87.1k - The Enterprise Fund Limited
£314.2k - Industry AVG
Debtor Days
it gets paid by customers after 160 days, this is later than average (66 days)
160 days - The Enterprise Fund Limited
66 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (183 days)
10 days - The Enterprise Fund Limited
183 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Enterprise Fund Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is more cash available to meet short term requirements (6 weeks)
25 weeks - The Enterprise Fund Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36%, this is a lower level of debt than the average (100%)
36% - The Enterprise Fund Limited
100% - Industry AVG
THE ENTERPRISE FUND LIMITED financials
The Enterprise Fund Limited's latest turnover from March 2023 is £3.7 million and the company has net assets of £10.4 million. According to their latest financial statements, The Enterprise Fund Limited has 43 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,744,000 | 3,528,000 | 3,966,000 | 3,386,000 | 3,023,000 | 3,454,000 | 4,045,000 | 2,678,976 | 3,355,632 | 2,069,554 | 2,089,327 | 607,261 | 656,135 | 884,141 | 717,035 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 379,526 | 298,116 | 162,861 | 139,925 | 90,387 | 157,242 | 219,777 | 112,338 | |||||||
| Gross Profit | 2,299,450 | 3,057,516 | 1,906,693 | 1,949,402 | 516,874 | 498,893 | 664,364 | 604,697 | |||||||
| Admin Expenses | 2,189,517 | 2,026,813 | 802,574 | 605,535 | 514,463 | 373,860 | 311,052 | 302,676 | |||||||
| Operating Profit | -186,000 | -439,000 | 531,000 | 591,000 | 754,000 | 1,077,000 | 1,488,000 | 109,933 | 1,030,703 | 1,104,119 | 1,343,867 | 2,411 | 125,033 | 353,312 | 302,021 |
| Interest Payable | 88,000 | 64,000 | 17,000 | 0 | 0 | 0 | 0 | 5,342 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 11,000 | 4,000 | 7,000 | 6,000 | 15,000 | 2,000 | 2,000 | 4,680 | 422,455 | 240,173 | 241,364 | 60,771 | 85,209 | 121,156 | 146,005 |
| Pre-Tax Profit | -210,000 | -102,000 | 480,000 | 597,000 | 619,000 | 1,081,000 | 1,492,000 | 109,271 | 1,453,158 | 1,344,292 | 1,585,231 | 63,182 | 210,242 | 474,468 | 448,026 |
| Tax | -42,000 | 42,000 | -8,000 | -34,000 | -1,000 | 104,000 | -104,000 | -287 | 0 | -38,215 | -27,915 | -4,379 | -14,469 | -74,685 | -6,410 |
| Profit After Tax | -252,000 | -60,000 | 472,000 | 563,000 | 618,000 | 1,185,000 | 1,388,000 | 108,984 | 1,453,158 | 1,306,077 | 1,557,316 | 58,803 | 195,773 | 399,783 | 441,616 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -252,000 | -60,000 | 472,000 | 563,000 | 618,000 | 1,185,000 | 1,388,000 | 108,984 | 1,453,158 | 1,306,077 | 1,557,316 | 58,803 | 195,773 | 399,783 | 441,616 |
| Employee Costs | 1,709,000 | 1,695,000 | 1,228,804 | 978,809 | 392,569 | 388,428 | 329,632 | 255,750 | 185,060 | 172,314 | |||||
| Number Of Employees | 43 | 43 | 41 | 40 | 35 | 34 | 34 | 34 | 29 | 17 | 11 | 7 | 4 | 4 | 4 |
| EBITDA* | -40,000 | -109,000 | 533,000 | 593,000 | 756,000 | 1,081,000 | 1,488,000 | 120,633 | 1,035,619 | 1,105,895 | 1,346,929 | 7,371 | 127,453 | 355,237 | 302,211 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,000 | 0 | 1,000 | 3,000 | 5,000 | 6,000 | 11,000 | 27,870 | 15,629 | 891 | 2,667 | 5,729 | 2,689 | 5,109 | 4,370 |
| Intangible Assets | 1,378,000 | 1,396,000 | 1,290,000 | 987,000 | 567,000 | 237,000 | 172,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 3,370,000 | 3,067,000 | 2,352,000 | 1,244,000 | 520,000 | 22,000 | 22,000 | 21,680 | 21,680 | 1 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 7,262,000 | 8,075,000 | 7,095,000 | 2,194,000 | 2,685,000 | 3,489,000 | 2,746,000 | 2,457,371 | 35,186,878 | 35,244,278 | 20,823,224 | 1,370,020 | 1,123,835 | 828,834 | 830,412 |
| Total Fixed Assets | 12,019,000 | 12,538,000 | 10,738,000 | 4,428,000 | 3,777,000 | 3,754,000 | 2,951,000 | 2,506,921 | 35,224,187 | 35,245,170 | 20,825,891 | 1,375,749 | 1,126,524 | 833,943 | 834,782 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,642,000 | 1,428,000 | 1,369,000 | 848,000 | 1,008,000 | 1,348,000 | 2,204,000 | 1,183,969 | 20,549,319 | 0 | 0 | 506,781 | 327,591 | 542,058 | 131,355 |
| Group Debtors | 79,000 | 125,000 | 363,000 | 1,015,000 | 127,000 | 211,000 | 61,000 | 110,431 | 785,937 | 524,000 | 570,000 | 17,416 | 0 | 0 | 130 |
| Misc Debtors | 1,087,000 | 1,090,000 | 692,000 | 1,348,000 | 657,000 | 416,000 | 270,000 | 129,948 | 354,173 | 9,092,990 | 4,042,948 | 151,125 | 3,600 | 4,027 | 9,611 |
| Cash | 1,487,000 | 3,144,000 | 5,876,000 | 3,578,000 | 4,592,000 | 4,374,000 | 5,683,000 | 5,049,085 | 3,453,091 | 3,144,974 | 3,544,419 | 841,459 | 1,347,854 | 1,857,142 | 1,774,881 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,295,000 | 5,787,000 | 8,300,000 | 6,789,000 | 6,384,000 | 6,349,000 | 8,218,000 | 6,473,433 | 25,142,520 | 12,761,964 | 8,157,367 | 1,516,781 | 1,679,045 | 2,403,227 | 1,915,977 |
| total assets | 16,314,000 | 18,325,000 | 19,038,000 | 11,217,000 | 10,161,000 | 10,103,000 | 11,169,000 | 8,980,354 | 60,366,707 | 48,007,134 | 28,983,258 | 2,892,530 | 2,805,569 | 3,237,170 | 2,750,759 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 268,000 | 227,370 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 1,125,000 | 1,500,000 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 88,000 | 152,000 | 7,000 | 222,000 | 0 | 0 | 0 | 0 | 0 | 0 | 2,327 | 6,831 | 0 | 4,640 | 4,993 |
| Group/Directors Accounts | 1,172,000 | 1,110,000 | 1,336,000 | 7,000 | 70,000 | 105,000 | 617,000 | 139,475 | 154,351 | 61,837 | 16,962 | 23,228 | 571 | 13,862 | 32,001 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 1,013,000 | 166,734 | 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 | 672,000 | 929,000 | 935,000 | 700,000 | 366,000 | 891,000 | 1,617,000 | 1,037,980 | 643,441 | 10,231,155 | 398,982 | 52,128 | 33,791 | 115,818 | 45,046 |
| total current liabilities | 3,057,000 | 3,691,000 | 2,653,000 | 929,000 | 436,000 | 996,000 | 3,247,000 | 1,612,189 | 1,025,162 | 10,292,992 | 418,271 | 82,187 | 34,362 | 134,320 | 82,040 |
| loans | 2,809,000 | 3,934,000 | 5,625,000 | 0 | 0 | 0 | 0 | 833,670 | 0 | 0 | 0 | 0 | 0 | 0 | 30,000 |
| 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 | 32,735,181 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 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 | 2,809,000 | 3,934,000 | 5,625,000 | 0 | 0 | 0 | 0 | 833,670 | 0 | 32,735,181 | 0 | 0 | 0 | 0 | 30,000 |
| total liabilities | 5,866,000 | 7,625,000 | 8,278,000 | 929,000 | 436,000 | 996,000 | 3,247,000 | 2,445,859 | 1,025,162 | 43,028,173 | 418,271 | 82,187 | 34,362 | 134,320 | 112,040 |
| net assets | 10,448,000 | 10,700,000 | 10,760,000 | 10,288,000 | 9,725,000 | 9,107,000 | 7,922,000 | 6,534,495 | 59,341,545 | 4,978,961 | 28,564,987 | 2,810,343 | 2,771,207 | 3,102,850 | 2,638,719 |
| total shareholders funds | 10,448,000 | 10,700,000 | 10,760,000 | 10,288,000 | 9,725,000 | 9,107,000 | 7,922,000 | 6,534,495 | 59,341,545 | 4,978,961 | 28,564,987 | 2,810,343 | 2,771,207 | 3,102,850 | 2,638,719 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Jul 2013 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -186,000 | -439,000 | 531,000 | 591,000 | 754,000 | 1,077,000 | 1,488,000 | 109,933 | 1,030,703 | 1,104,119 | 1,343,867 | 2,411 | 125,033 | 353,312 | 302,021 |
| Depreciation | 0 | 1,000 | 2,000 | 2,000 | 2,000 | 4,000 | 0 | 10,700 | 4,916 | 1,776 | 3,062 | 4,960 | 2,420 | 1,925 | 190 |
| Amortisation | 146,000 | 329,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -42,000 | 42,000 | -8,000 | -34,000 | -1,000 | 104,000 | -104,000 | -287 | 0 | -38,215 | -27,915 | -4,379 | -14,469 | -74,685 | -6,410 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -648,000 | 1,199,000 | 4,114,000 | 928,000 | -987,000 | 183,000 | 1,399,281 | -52,994,588 | 12,015,039 | 19,425,096 | 23,390,830 | 590,316 | 80,107 | 403,411 | 971,508 |
| Creditors | -64,000 | 145,000 | -215,000 | 222,000 | 0 | 0 | 0 | 0 | 0 | -2,327 | -4,504 | 6,831 | -4,640 | -353 | 4,993 |
| Accruals and Deferred Income | -257,000 | -6,000 | 235,000 | 334,000 | -525,000 | -726,000 | 579,020 | 394,539 | -42,322,895 | 42,567,354 | 346,854 | 18,337 | -82,027 | 70,772 | 45,046 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 245,000 | -1,127,000 | -3,569,000 | 187,000 | 1,217,000 | 276,000 | 563,739 | 53,509,473 | -53,302,315 | 24,207,611 | -21,729,466 | -562,156 | -53,790 | -52,440 | -625,668 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 303,000 | 715,000 | 1,108,000 | 724,000 | 498,000 | 0 | 320 | 0 | 21,679 | 1 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -375,000 | 1,125,000 | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 62,000 | -226,000 | 1,329,000 | -63,000 | -35,000 | -512,000 | 477,525 | -14,876 | 92,514 | 44,875 | -6,266 | 22,657 | -13,291 | -18,139 | 32,001 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | -1,013,000 | 846,266 | 166,734 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,125,000 | -1,691,000 | 5,625,000 | 0 | 0 | 0 | -833,670 | 833,670 | 0 | 0 | 0 | 0 | 0 | -30,000 | 30,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -77,000 | -60,000 | -10,000 | 6,000 | 15,000 | 2,000 | 2,000 | -662 | 422,455 | 240,173 | 241,364 | 60,771 | 85,209 | 121,156 | 146,005 |
| cash flow from financing | -1,515,000 | -852,000 | 7,319,000 | -57,000 | -20,000 | -1,523,000 | 491,626 | -51,931,168 | 53,424,395 | -24,607,055 | 24,432,426 | 63,761 | -455,498 | 137,365 | 2,405,109 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,657,000 | -2,732,000 | 2,298,000 | -1,014,000 | 218,000 | -1,309,000 | 633,915 | 1,595,994 | 308,117 | -399,445 | 2,702,960 | -506,395 | -509,288 | 82,261 | 1,774,881 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -268,000 | 40,630 | 227,370 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,657,000 | -2,732,000 | 2,298,000 | -1,014,000 | 218,000 | -1,309,000 | 901,915 | 1,555,364 | 80,747 | -399,445 | 2,702,960 | -506,395 | -509,288 | 82,261 | 1,774,881 |
the enterprise fund limited Credit Report and Business Information
The Enterprise Fund Limited Competitor Analysis
Perform a competitor analysis for the enterprise fund limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M 1 area or any other competitors across 12 key performance metrics.
the enterprise fund limited Ownership
THE ENTERPRISE FUND LIMITED group structure
The Enterprise Fund Limited has 2 subsidiary companies.
Ultimate parent company
1 parent
THE ENTERPRISE FUND LIMITED
04460763
2 subsidiaries
the enterprise fund limited directors
The Enterprise Fund Limited currently has 5 directors. The longest serving directors include Mr Clive Memmott (Jan 2012) and Mr Mark Hughes (Sep 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clive Memmott | United Kingdom | 70 years | Jan 2012 | - | Director |
| Mr Mark Hughes | 58 years | Sep 2013 | - | Director | |
| Ms Donna Edwards | 64 years | Nov 2016 | - | Director | |
| Mrs Yvonne Greeves | United Kingdom | 51 years | Jan 2020 | - | Director |
| Mr Peter Richardson | 62 years | Feb 2021 | - | Director |
P&L
March 2023turnover
3.7m
+6%
operating profit
-186k
-58%
gross margin
19.4%
-0.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
10.4m
-0.02%
total assets
16.3m
-0.11%
cash
1.5m
-0.53%
net assets
Total assets minus all liabilities
the enterprise fund limited company details
company number
04460763
Type
Private Ltd By Guarantee w/o Share Cap
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
June 2002
age
23
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
lee house, 90 great bridgewater street, manchester, M1 5JW
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
the enterprise fund 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 5 charges/mortgages relating to the enterprise fund limited. Currently there are 1 open charges and 4 have been satisfied in the past.
the enterprise fund 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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the enterprise fund limited Companies House Filings - See Documents
| date | description | view/download |
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