Pomanda estimates the enterprise value of CURRENCY SOLUTIONS LIMITED at £12.1m based on a Turnover of £7m and 1.73x industry multiple (adjusted for size and gross margin).
currency solutions limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of CURRENCY SOLUTIONS LIMITED at £0 based on an EBITDA of £-390.9k and a 5.97x industry multiple (adjusted for size and gross margin).
currency solutions limitedEstimated Valuation
£5.4m
Pomanda estimates the enterprise value of CURRENCY SOLUTIONS LIMITED at £5.4m based on Net Assets of £4.1m and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Currency Solutions LimitedOverview
Currency Solutions Limited is a live company located in london, SE1 2BG with a Companies House number of 04864491. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2003, it's largest shareholder is
currency solutions holdings ltd
with a 100% stake. Currency Solutions Limited is a mature,
mid sized company, Pomanda has estimated its turnover at
£7m with
low
growth in recent years.
Pomanda's financial health check has awarded Currency Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
5 Strong
1 Regular
4 Weak
Size
annual sales of £7m, make it larger than the average company (£5.3m)
£7m - Currency Solutions Limited
£5.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (6.7%)
2% - Currency Solutions Limited
6.7% - Industry AVG
Production
with a gross margin of 82.5%, this company has a lower cost of product (56%)
82.5% - Currency Solutions Limited
56% - Industry AVG
Profitability
an operating margin of -6.1% make it less profitable than the average company (9.2%)
-6.1% - Currency Solutions Limited
9.2% - Industry AVG
Employees
with 63 employees, this is above the industry average (12)
63 - Currency Solutions Limited
12 - Industry AVG
Pay Structure
on an average salary of £68.9k, the company has an equivalent pay structure (£79.6k)
£68.9k - Currency Solutions Limited
£79.6k - Industry AVG
Efficiency
resulting in sales per employee of £111.2k, this is less efficient (£216.1k)
£111.2k - Currency Solutions Limited
£216.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Currency Solutions Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 143 days, this is slower than average (41 days)
143 days - Currency Solutions Limited
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Currency Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 43 weeks, this is more cash available to meet short term requirements (29 weeks)
43 weeks - Currency Solutions Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77%, this is a higher level of debt than the average (69.5%)
77% - Currency Solutions Limited
69.5% - Industry AVG
CURRENCY SOLUTIONS LIMITED financials
EXPORT
Currency Solutions Limited's latest turnover from March 2024 is £7 million and the company has net assets of £4.1 million. According to their latest financial statements, Currency Solutions Limited has 63 employees and maintains cash reserves of £10.6 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
7,008,321
7,943,682
6,399,510
6,697,768
5,931,732
6,320,920
7,008,917
7,117,870
5,917,802
5,040,392
3,615,515
3,126,859
2,676,468
2,272,197
2,761,101
Other Income Or Grants
Cost Of Sales
1,225,091
882,559
1,012,697
989,811
1,089,252
967,806
1,027,668
872,654
676,114
636,594
417,308
1,190,785
1,050,728
914,424
1,239,022
Gross Profit
5,783,230
7,061,123
5,386,813
5,707,957
4,842,480
5,353,114
5,981,249
6,245,216
5,241,688
4,403,798
3,198,207
1,936,074
1,625,740
1,357,773
1,522,079
Admin Expenses
6,212,593
6,622,524
4,985,967
4,729,504
4,675,255
5,148,559
5,092,499
4,819,184
3,793,643
2,748,884
2,050,502
1,320,100
1,585,976
1,329,193
835,598
Operating Profit
-429,363
438,599
400,846
978,453
167,225
204,555
888,750
1,426,032
1,448,045
1,654,914
1,147,705
615,974
39,764
28,580
686,481
Interest Payable
101,546
82,562
68,265
102,625
26,809
4,609
3,180
4,339
12,686
16,490
24,296
19,774
37,538
53,765
32,775
Interest Receivable
135,128
43,615
1,417
410
2,054
3,685
3,663
6,795
5,098
124,191
3,296
11,127
195
138
111
Pre-Tax Profit
-395,871
399,550
324,896
875,368
144,559
136,301
888,418
1,427,655
1,438,933
1,721,971
1,129,017
607,328
2,420
-25,047
653,817
Tax
195,443
11,646
32,269
-33,404
757
49,127
-50,389
-201,601
-227,750
-332,631
-139,992
-145,759
-629
-183,069
Profit After Tax
-200,428
411,196
357,165
841,964
145,316
185,428
838,029
1,226,054
1,211,183
1,389,340
989,025
461,569
1,791
-25,047
470,748
Dividends Paid
448,121
1,309,078
633,234
345,317
291,250
333,000
340,065
454,200
433,000
347,332
347,000
Retained Profit
-648,549
-897,882
-276,069
496,647
-145,934
-147,572
497,964
771,854
778,183
1,042,008
642,025
461,569
1,791
-25,047
470,748
Employee Costs
4,342,323
4,689,620
3,757,725
3,840,823
3,750,223
4,022,125
4,016,963
4,022,852
3,081,071
2,129,622
1,601,750
979,028
783,202
727,166
906,400
Number Of Employees
63
54
50
50
65
70
77
84
76
58
20
17
14
13
16
EBITDA*
-390,856
464,289
425,593
1,004,142
198,429
239,489
925,283
1,491,226
1,482,234
1,694,693
1,171,201
636,039
60,962
52,994
722,158
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
1,303,425
1,327,733
1,340,257
1,353,090
1,377,659
1,606,001
1,653,182
1,656,839
1,677,707
1,471,496
1,464,312
799,143
810,238
827,584
846,685
Intangible Assets
43,643
39,484
39,041
14,815
14,815
45,968
45,968
45,968
Investments & Other
160,236
139,357
145,706
179,392
146,424
178,970
235,082
243,246
212,858
239,630
391,644
217,326
223,826
497,446
604,879
Debtors (Due After 1 year)
Total Fixed Assets
1,507,304
1,506,574
1,525,004
1,532,482
1,524,083
1,784,971
1,903,079
1,914,900
1,936,533
1,757,094
1,901,924
1,016,469
1,034,064
1,325,030
1,451,564
Stock & work in progress
Trade Debtors
17,758
33,561
22,269
331,023
303,476
387,495
Group Debtors
3,331,288
3,144,995
3,730,206
4,068,102
3,176,134
1,859,957
160,000
Misc Debtors
2,645,898
2,262,414
1,205,674
894,916
607,146
1,370,816
1,661,339
1,911,772
1,358,968
503,202
141,074
Cash
10,578,835
10,041,715
12,653,302
18,546,678
8,912,089
8,903,033
9,496,065
9,665,668
8,847,198
7,438,946
8,337,232
4,383,833
67,164
10,812
44,394
misc current assets
65,719
69,556
61,778
total current assets
16,556,021
15,449,124
17,589,182
23,509,696
12,695,369
12,133,806
11,317,404
11,577,440
10,206,166
7,959,906
8,511,867
4,471,821
467,743
376,066
431,889
total assets
18,063,325
16,955,698
19,114,186
25,042,178
14,219,452
13,918,777
13,220,483
13,492,340
12,142,699
9,717,000
10,413,791
5,488,290
1,501,807
1,701,096
1,883,453
Bank overdraft
28
233
330
15
66
27
Bank loan
68,325
68,325
68,325
68,325
68,325
68,325
Trade Creditors
483,305
360,044
256,482
189,544
171,466
170,882
37,186
42,097
91,438
104,678
29,543
4,046,166
452,928
318,738
312,048
Group/Directors Accounts
other short term finances
319,000
33,558
159,223
143,639
78,614
hp & lease commitments
other current liabilities
11,985,190
10,637,718
11,844,103
17,457,975
7,792,996
8,189,504
7,412,455
8,108,990
7,406,314
5,913,094
7,599,533
total current liabilities
12,787,495
11,031,320
12,259,836
17,791,391
8,043,076
8,429,041
7,517,981
8,219,478
7,566,104
6,086,097
7,697,401
4,046,166
452,928
318,738
312,048
loans
1,065,751
1,065,750
1,099,308
1,222,000
1,065,750
31,640
99,239
167,563
243,150
304,213
372,538
99,239
509,187
645,837
1,008,457
hp & lease commitments
Accruals and Deferred Income
198,620
other liabilities
341,624
provisions
62,783
65,803
68,181
53,743
57,786
96,503
121,793
121,793
121,793
84,806
total long term liabilities
1,128,534
1,131,553
1,167,489
1,275,743
1,123,536
128,143
221,032
289,356
364,943
389,019
372,538
440,863
509,187
844,457
1,008,457
total liabilities
13,916,029
12,162,873
13,427,325
19,067,134
9,166,612
8,557,184
7,739,013
8,508,834
7,931,047
6,475,116
8,069,939
4,487,029
962,115
1,163,195
1,320,505
net assets
4,147,296
4,792,825
5,686,861
5,975,044
5,052,840
5,361,593
5,481,470
4,983,506
4,211,652
3,241,884
2,343,852
1,001,261
539,692
537,901
562,948
total shareholders funds
4,147,296
4,792,825
5,686,861
5,975,044
5,052,840
5,361,593
5,481,470
4,983,506
4,211,652
3,241,884
2,343,852
1,001,261
539,692
537,901
562,948
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-429,363
438,599
400,846
978,453
167,225
204,555
888,750
1,426,032
1,448,045
1,654,914
1,147,705
615,974
39,764
28,580
686,481
Depreciation
38,507
25,690
24,747
25,689
31,204
34,934
36,533
34,041
34,189
39,779
23,496
20,065
21,198
24,414
35,677
Amortisation
31,153
Tax
195,443
11,646
32,269
-33,404
757
49,127
-50,389
-201,601
-227,750
-332,631
-139,992
-145,759
-629
-183,069
Stock
Debtors
569,777
471,529
-27,138
1,179,738
552,507
1,409,434
-90,433
552,804
838,008
346,325
152,366
-308,754
27,547
-84,019
387,495
Creditors
123,261
103,562
66,938
18,078
584
133,696
-4,911
-49,341
-13,240
75,135
-4,016,623
3,593,238
134,190
6,690
312,048
Accruals and Deferred Income
1,347,472
-1,206,385
-5,613,872
9,664,979
-396,508
777,049
-696,535
702,676
1,493,220
-1,686,439
7,599,533
-198,620
198,620
Deferred Taxes & Provisions
-3,020
-2,378
14,438
-4,043
-38,717
-25,290
36,987
84,806
Cash flow from operations
702,523
-1,100,795
-5,047,496
9,470,014
-787,962
-235,363
263,881
1,390,156
1,933,443
-510,761
4,461,753
4,392,272
-31,644
342,323
463,642
Investing Activities
capital expenditure
-18,358
-13,609
-50,955
-1,120
197,138
-4,501
-32,725
-12,952
9,336
37,290
-179,327
-8,970
-3,852
-5,313
-882,362
Change in Investments
20,879
-6,349
-33,686
32,968
-32,546
-56,112
-8,164
30,388
-26,772
-152,014
174,318
-6,500
-273,620
-107,433
604,879
cash flow from investments
-39,237
-7,260
-17,269
-34,088
229,684
51,611
-24,561
-43,340
36,108
189,304
-353,645
-2,470
269,768
102,120
-1,487,241
Financing Activities
Bank loans
-68,325
68,325
Group/Directors Accounts
Other Short Term Loans
285,442
-125,665
15,584
65,025
78,614
Long term loans
1
-33,558
-122,692
156,250
1,034,110
-67,599
-68,324
-75,587
-61,063
-68,325
273,299
-409,948
-136,650
-362,620
1,008,457
Hire Purchase and Lease Commitments
other long term liabilities
-341,624
341,624
share issue
3,020
3,846
-12,114
425,557
-162,819
27,695
191,585
-143,976
700,566
92,200
interest
33,582
-38,947
-66,848
-102,215
-24,755
-924
483
2,456
-7,588
107,701
-21,000
-8,647
-37,343
-53,627
-32,664
cash flow from financing
322,045
-194,324
-186,070
544,617
856,825
-40,828
-67,841
-73,131
122,934
-104,600
679,566
-76,971
-173,993
-416,247
1,067,993
cash and cash equivalents
cash
537,120
-2,611,587
-5,893,376
9,634,589
9,056
-593,032
-169,603
818,470
1,408,252
-898,286
3,953,399
4,316,669
56,352
-33,582
44,394
overdraft
-28
-205
233
-330
315
-51
39
27
change in cash
537,120
-2,611,559
-5,893,171
9,634,356
9,386
-593,347
-169,552
818,431
1,408,225
-898,286
3,953,399
4,316,669
56,352
-33,582
44,394
currency solutions 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 currency solutions limited. Get real-time insights into currency solutions limited's credit score, group structure and payment trends.
Perform a competitor analysis for currency solutions limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SE1 area or any other competitors across 12 key performance metrics.
currency solutions limited Ownership
CURRENCY SOLUTIONS LIMITED group structure
Currency Solutions Limited has 1 subsidiary company.
The sole shareholder of Currency Solutions Limited is Currency Solutions Holdings Ltd.
currency solutions holdings ltd
100%
currency solutions limited directors
Currency Solutions Limited currently has 3 directors.
The longest serving directors include
Mr Hakan Enver (Aug 2003) and
Mr Robert Griffith (May 2010).
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
August 2003
age
22
incorporated
UK
ultimate parent company
None
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
HAYSMACINTYRE LLP
address
unit a, 4th floor hobbs court, 2 jacob street, london, SE1 2BG
Bank
-
Legal Advisor
-
currency solutions 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 11 charges/mortgages relating to currency solutions limited. Currently there are 7 open charges and 4 have been satisfied in the past.
currency solutions 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 CURRENCY SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
currency solutions limitedCompanies House Filings - See Documents
