finsec limited
finsec limited Company Information
Company Number
04602134
Next Accounts
Oct 2025
Industry
Other business support service activities n.e.c.
Shareholders
mr jonathan newman
ms lisa simone newman
View AllGroup Structure
View All
Contact
Registered Address
16 great queen street, covent garden, london, WC2B 5AH
Website
finsec.co.ukfinsec limited Estimated Valuation
Pomanda estimates the enterprise value of FINSEC LIMITED at £81.8m based on a Turnover of £67.7m and 1.21x industry multiple (adjusted for size and gross margin).
finsec limited Estimated Valuation
Pomanda estimates the enterprise value of FINSEC LIMITED at £15.7m based on an EBITDA of £1.8m and a 8.6x industry multiple (adjusted for size and gross margin).
finsec limited Estimated Valuation
Pomanda estimates the enterprise value of FINSEC LIMITED at £15.6m based on Net Assets of £6.6m and 2.37x industry multiple (adjusted for liquidity).
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Finsec Limited Overview
Finsec Limited is a live company located in london, WC2B 5AH with a Companies House number of 04602134. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2002, it's largest shareholder is mr jonathan newman with a 36% stake. Finsec Limited is a mature, large sized company, Pomanda has estimated its turnover at £67.7m with rapid growth in recent years.
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Finsec Limited Health Check
Pomanda's financial health check has awarded Finsec Limited a 4 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
2 Regular
3 Weak
Size
annual sales of £67.7m, make it larger than the average company (£3.9m)
- Finsec Limited
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (7.9%)
- Finsec Limited
7.9% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
- Finsec Limited
38.2% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (5.7%)
- Finsec Limited
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (23)
3 - Finsec Limited
23 - Industry AVG
Pay Structure
on an average salary of £49.4k, the company has an equivalent pay structure (£49.4k)
- Finsec Limited
£49.4k - Industry AVG
Efficiency
resulting in sales per employee of £22.6m, this is more efficient (£153.2k)
- Finsec Limited
£153.2k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (38 days)
- Finsec Limited
38 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Finsec Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Finsec Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Finsec Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.1%, this is a lower level of debt than the average (60%)
48.1% - Finsec Limited
60% - Industry AVG
FINSEC LIMITED financials
Finsec Limited's latest turnover from January 2024 is estimated at £67.7 million and the company has net assets of £6.6 million. According to their latest financial statements, Finsec Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 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 | 3 | 3 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 167 | 223 | 299 | 399 | 535 | 715 | 955 | 1,271 | 1,695 | 2,260 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 167 | 223 | 299 | 399 | 535 | 715 | 955 | 1,271 | 1,695 | 2,260 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 12,684,068 | 9,531,308 | 6,396,550 | 7,025,568 | 6,694,845 | 5,005,937 | 4,786,611 | 4,410,110 | 3,621,801 | 2,977,244 | 2,292,280 | 1,434,542 | 1,323,879 | 1,186,228 | 1,171,441 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,189 | 973 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 74,480 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,690,257 | 9,532,281 | 6,396,550 | 7,025,568 | 6,694,845 | 5,005,937 | 4,786,611 | 4,410,110 | 3,621,801 | 2,977,244 | 2,366,760 | 1,434,542 | 1,323,879 | 1,186,228 | 1,171,441 |
| total assets | 12,690,424 | 9,532,504 | 6,396,849 | 7,025,967 | 6,695,380 | 5,006,652 | 4,787,566 | 4,411,381 | 3,623,496 | 2,979,504 | 2,366,760 | 1,434,542 | 1,323,879 | 1,186,228 | 1,171,441 |
| Bank overdraft | 813,336 | 805,599 | 123,801 | 634,409 | 774,192 | 356,646 | 508,348 | 514,539 | 536,548 | 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 | 3,133 | 0 | 556,880 | 544,885 | 189,974 | 172,283 | 6,600 | 15,094 | 574,791 | 407,355 | 1,045,996 | 1,066,219 | 1,020,545 | 627,709 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 448,500 |
| 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 | 348,065 | 226,233 | 197,414 | 215,636 | 182,276 | 156,280 | 140,079 | 132,788 | 81,998 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,161,401 | 1,034,965 | 321,215 | 1,406,925 | 1,501,353 | 702,900 | 820,710 | 653,927 | 633,640 | 574,791 | 407,355 | 1,045,996 | 1,066,219 | 1,020,545 | 1,076,209 |
| loans | 4,943,648 | 2,882,601 | 1,326,201 | 1,622,091 | 2,018,191 | 0 | 0 | 0 | 1,976,651 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 1,812,622 | 2,059,784 | 2,329,365 | 0 | 1,674,959 | 1,455,888 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,943,648 | 2,882,601 | 1,326,201 | 1,622,091 | 2,018,191 | 1,812,622 | 2,059,784 | 2,329,365 | 1,976,651 | 1,674,959 | 1,455,888 | 0 | 0 | 0 | 0 |
| total liabilities | 6,105,049 | 3,917,566 | 1,647,416 | 3,029,016 | 3,519,544 | 2,515,522 | 2,880,494 | 2,983,292 | 2,610,291 | 2,249,750 | 1,863,243 | 1,045,996 | 1,066,219 | 1,020,545 | 1,076,209 |
| net assets | 6,585,375 | 5,614,938 | 4,749,433 | 3,996,951 | 3,175,836 | 2,491,130 | 1,907,072 | 1,428,089 | 1,013,205 | 729,754 | 503,517 | 388,546 | 257,660 | 165,683 | 95,232 |
| total shareholders funds | 6,585,375 | 5,614,938 | 4,749,433 | 3,996,951 | 3,175,836 | 2,491,130 | 1,907,072 | 1,428,089 | 1,013,205 | 729,754 | 503,517 | 388,546 | 257,660 | 165,683 | 95,232 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 56 | 76 | 100 | 136 | 180 | 240 | 316 | 424 | 565 | 754 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,157,976 | 3,135,731 | -629,018 | 330,723 | 1,688,908 | 219,326 | 376,501 | 788,309 | 644,557 | 684,964 | 857,738 | 110,663 | 137,651 | 14,787 | 1,171,441 |
| Creditors | -3,133 | 3,133 | -556,880 | 11,995 | 354,911 | 17,691 | 165,683 | -8,494 | -559,697 | 167,436 | -638,641 | -20,223 | 45,674 | 392,836 | 627,709 |
| Accruals and Deferred Income | 121,832 | 28,819 | -18,222 | 33,360 | 25,996 | 16,201 | 7,291 | 50,790 | 81,998 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -448,500 | 448,500 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 2,061,047 | 1,556,400 | -295,890 | -396,100 | 2,018,191 | 0 | 0 | -1,976,651 | 1,976,651 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | -1,812,622 | -247,162 | -269,581 | 2,329,365 | -1,674,959 | 219,071 | 1,455,888 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -74,480 | 74,480 | 0 | 0 | 0 | 0 |
| overdraft | 7,737 | 681,798 | -510,608 | -139,783 | 417,546 | -151,702 | -6,191 | -22,009 | 536,548 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,737 | -681,798 | 510,608 | 139,783 | -417,546 | 151,702 | 6,191 | 22,009 | -536,548 | -74,480 | 74,480 | 0 | 0 | 0 | 0 |
finsec limited Credit Report and Business Information
Finsec Limited Competitor Analysis
Perform a competitor analysis for finsec limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in WC2B area or any other competitors across 12 key performance metrics.
finsec limited Ownership
FINSEC LIMITED group structure
Finsec Limited has no subsidiary companies.
Ultimate parent company
FINSEC LIMITED
04602134
finsec limited directors
Finsec Limited currently has 3 directors. The longest serving directors include Mr Jonathan Newman (Oct 2013) and Mr Kevin Cooke (May 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Newman | United Kingdom | 62 years | Oct 2013 | - | Director |
| Mr Kevin Cooke | United Kingdom | 60 years | May 2014 | - | Director |
| Mr Leonard Siskind | England | 66 years | Dec 2019 | - | Director |
P&L
January 2024turnover
67.7m
+102%
operating profit
1.8m
0%
gross margin
38.2%
-1.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
6.6m
+0.17%
total assets
12.7m
+0.33%
cash
0
0%
net assets
Total assets minus all liabilities
finsec limited company details
company number
04602134
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
November 2002
age
23
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
January 2024
previous names
northstar loans limited (October 2013)
accountant
-
auditor
-
address
16 great queen street, covent garden, london, WC2B 5AH
Bank
-
Legal Advisor
-
finsec 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 1 charges/mortgages relating to finsec limited. Currently there are 1 open charges and 0 have been satisfied in the past.
finsec 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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finsec limited Companies House Filings - See Documents
| date | description | view/download |
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