Harbour Funding Plc

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harbour funding plc Company Information

Live

MatureMidLow

Company Number

04865683

Website

Registered Address

3rd floor 17 st. swithin's lane, london, EC4N 8AL

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Telephone

02038299320

Next Accounts Due

June 2024

Group Structure

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Directors

David Stokes4 Years

Julie Coetzee1 Years

View All

Shareholders

t h f c services ltd 100%

harbour funding plc Estimated Valuation

£18.5m

Pomanda estimates the enterprise value of HARBOUR FUNDING PLC at £18.5m based on a Turnover of £11.1m and 1.68x industry multiple (adjusted for size and gross margin).

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Harbour Funding Plc is a live company located in london, EC4N 8AL with a Companies House number of 04865683. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2003, it's largest shareholder is t h f c services ltd with a 100% stake. Harbour Funding Plc is a mature, mid sized company, Pomanda has estimated its turnover at £11.1m with low growth in recent years.

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Pomanda's financial health check has awarded Harbour Funding Plc a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

2 Regular

4 Weak

Size

annual sales of £11.1m, make it larger than the average company (£4.6m)

Growth

3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (3.2%)

EXPORT

Harbour Funding Plc's latest turnover from December 2022 is £11.1 million and the company has net assets of £12.5 thousand. According to their latest financial statements, we estimate that Harbour Funding Plc has 49 employees and maintains cash reserves of £24.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	11,051,543	11,043,978	11,037,605	11,037,889	11,030,111	11,024,178	10,903,759	11,177,391	11,445,087	11,592,779	14,709,588	14,706,761	14,697,769	14,686,110
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,234,088	4,188,755	4,200,333	3,941,540	3,949,473	11,024,178	-116,343	11,061,318	11,327,607	11,592,779	14,597,437	14,596,979	14,596,551	14,596,261
Gross Profit	6,817,455	6,855,223	6,837,272	7,096,349	7,080,638	0	11,020,102	116,073	117,480	0	112,151	109,782	101,218	89,849
Admin Expenses	6,817,455	6,855,223	6,837,272	-6,813,526	7,080,638	0	-1,857,390	-13,537,745	-13,797,347	0	112,151	109,782	-17,837,755	89,849
Operating Profit	0	0	0	13,909,875	0	0	12,877,492	13,653,818	13,914,827	0	0	0	17,938,973	0
Interest Payable	0	0	0	10,905,778	10,905,068	0	10,903,759	0	0	0	0	0	0	14,596,150
Interest Receivable	0	0	0	0	0	0	10,903,759	0	0	0	0	0	0	0
Pre-Tax Profit	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Employee Costs	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Number Of Employees	49	4	4	4	4	54	56	58	58	59	4	4	4	4
EBITDA*	0	0	0	13,909,875	0	0	12,877,492	13,653,818	13,914,827	0	0	0	17,938,973	0

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	206,116,042	206,101,421	206,087,712	206,074,879	206,062,856	206,051,637	206,041,129	206,031,303	214,072,188	214,063,749	276,003,549	275,996,184	275,989,307	275,982,888
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	206,087,712	206,074,879	206,062,856	206,051,637	206,041,129	206,031,303	214,072,188	214,063,749	0	0	0	275,982,888
Debtors (Due After 1 year)	206,116,042	206,101,421	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	206,116,042	206,101,421	206,087,712	206,074,879	206,062,856	206,051,637	206,041,129	206,031,303	214,072,188	214,063,749	276,003,549	275,996,184	275,989,307	275,982,888
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,746,026	2,746,026	2,746,026	0	0	2,746,026	2,746,026	2,746,026	2,853,190	2,853,190	3,677,621	3,677,621	3,677,621	3,677,621
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	59,918	54,669	64,527	2,808,108	60,630	57,297	56,653	53,478	56,795	47,060	54,249	50,007	51,594	48,169
Cash	24,342	25,966	24,176	24,478	23,445	23,353	23,071	23,698	23,881	24,583	24,907	25,046	23,419	25,772
misc current assets	14,621	13,709	0	0	0	0	0	0	0	7,885	0	0	0	0
total current assets	2,844,907	2,840,370	2,834,729	2,832,586	2,830,101	2,826,676	2,825,750	2,823,202	2,933,866	2,932,718	3,756,777	3,752,674	3,752,634	3,751,562
total assets	208,960,949	208,941,791	208,922,441	208,907,465	208,892,957	208,878,313	208,866,879	208,854,505	217,006,054	216,996,467	279,760,326	279,748,858	279,741,941	279,734,450
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	0	0	0	0	2,746,026	0	0	0	2,853,190	3,684,986	3,677,621	3,677,621	3,677,621
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	14,621	13,709	12,833	12,023	0	0	0	9,198	8,439	7,885	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,817,786	2,814,161	2,809,396	2,808,063	71,575	68,150	2,813,250	2,801,504	2,912,927	59,143	59,291	62,553	62,513	61,441
total current liabilities	2,832,407	2,827,870	2,822,229	2,820,086	2,817,601	2,814,176	2,813,250	2,810,702	2,921,366	2,920,218	3,744,277	3,740,174	3,740,134	3,739,062
loans	206,116,042	206,101,421	206,087,712	206,074,879	206,062,856	206,051,637	206,041,129	206,031,303	214,072,188	214,063,749	276,003,549	275,996,184	275,989,307	275,982,888
hp & lease commitments	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
other liabilities	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
total long term liabilities	206,116,042	206,101,421	206,087,712	206,074,879	206,062,856	206,051,637	206,041,129	206,031,303	214,072,188	214,063,749	276,003,549	275,996,184	275,989,307	275,982,888
total liabilities	208,948,449	208,929,291	208,909,941	208,894,965	208,880,457	208,865,813	208,854,379	208,842,005	216,993,554	216,983,967	279,747,826	279,736,358	279,729,441	279,721,950
net assets	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500
total shareholders funds	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500	12,500

	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	0	0	0	13,909,875	0	0	12,877,492	13,653,818	13,914,827	0	0	0	17,938,973	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	19,870	206,091,563	2,445	1,452	3,333	644	3,175	-110,481	9,735	-831,620	4,242	-1,587	3,425	3,725,790
Creditors	0	0	0	0	-2,746,026	2,746,026	0	0	-2,853,190	-831,796	7,365	0	0	3,677,621
Accruals and Deferred Income	3,625	4,765	1,333	2,736,488	3,425	-2,745,100	11,746	-111,423	2,853,784	-148	-3,262	40	1,072	61,441
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-16,245	-206,086,798	-1,112	16,644,911	-2,745,934	282	12,886,063	13,652,876	13,905,686	-324	-139	1,627	17,936,620	13,272
Investing Activities
capital expenditure	-14,621	-13,709	-12,833	-12,023	-11,219	-10,508	-9,826	8,040,885	-8,439	61,939,800	-7,365	-6,877	-6,419	-275,982,888
Change in Investments	0	-206,087,712	12,833	12,023	11,219	10,508	9,826	-8,040,885	8,439	214,063,749	0	0	-275,982,888	275,982,888
cash flow from investments	-14,621	206,074,003	-25,666	-24,046	-22,438	-21,016	-19,652	16,081,770	-16,878	-152,123,949	-7,365	-6,877	275,976,469	-551,965,776
Financing Activities
Bank loans	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	0
Other Short Term Loans	912	876	810	12,023	0	0	-9,198	759	554	7,885	0	0	0	0
Long term loans	14,621	13,709	12,833	12,023	11,219	10,508	9,826	-8,040,885	8,439	-61,939,800	7,365	6,877	6,419	275,982,888
Hire Purchase and Lease Commitments	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
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	12,500
interest	0	0	0	-10,905,778	-10,905,068	0	0	0	0	0	0	0	0	-14,596,150
cash flow from financing	15,533	14,585	13,643	-10,881,732	-10,893,849	10,508	628	-8,040,126	8,993	-61,931,915	7,365	6,877	6,419	261,399,238
cash and cash equivalents
cash	-1,624	1,790	-302	1,033	92	282	-627	-183	-702	-324	-139	1,627	-2,353	25,772
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,624	1,790	-302	1,033	92	282	-627	-183	-702	-324	-139	1,627	-2,353	25,772

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARBOUR FUNDING PLC group structure

Harbour Funding Plc has no subsidiary companies.

Ultimate parent company

HOUSING FINANCE CORPORATION LIMITED THE

IP25862R

T.H.F.C. (SERVICES) LIMITED

02480005

2 parents

HARBOUR FUNDING PLC

04865683

HARBOUR FUNDING PLC Shareholders

t h f c services ltd

100%

Harbour Funding Plc currently has 4 directors. The longest serving directors include Mr David Stokes (Nov 2019) and Mrs Julie Coetzee (Feb 2023).

officer	country	age	start	end	role
Mr David Stokes	England	63 years	Nov 2019	-	Director
Mrs Julie Coetzee	England	51 years	Feb 2023	-	Director
Mr Arun Poobalasingam	England	47 years	Jul 2023	-	Director
Ms Priyanka Nair	England	49 years	Apr 2024	-	Director

P&L

December 2022

turnover

11.1m

operating profit

gross margin

61.7%

-0.62%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

12.5k

total assets

209m

cash

24.3k

-0.06%

net assets

Total assets minus all liabilities

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company number

04865683

Type

Public 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

August 2003

age

accounts

Full Accounts

ultimate parent company

HOUSING FINANCE CORPORATION LIMITED THE

previous names

N/A

incorporated

address

3rd floor 17 st. swithin's lane, london, EC4N 8AL

last accounts submitted

December 2022

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 2 charges/mortgages relating to harbour funding plc. Currently there are 2 open charges and 0 have been satisfied in the past.

harbour funding plc Company Information

harbour funding plc Estimated Valuation

harbour funding plc Estimated Valuation

harbour funding plc Estimated Valuation

Harbour Funding Plc Overview

Harbour Funding Plc Health Check

HARBOUR FUNDING PLC financials

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