Cls Finance Limited

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cls finance limited Company Information

Live (In Receivership)

MatureLargeHigh

Company Number

05032892

Website

www.clsfinance.co.uk

Registered Address

c/o resolve advisory limited, 22 york buildings, london, WC2N 6JU

Industry

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

Telephone

01613790300

Next Accounts Due

1387 days late

Group Structure

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Directors

Shaun Young20 Years

Charles Holding20 Years

Shareholders

charles o. harding 50%

shaun p. young 50%

View All

cls finance limited Estimated Valuation

£98.6m

Pomanda estimates the enterprise value of CLS FINANCE LIMITED at £98.6m based on a Turnover of £35.9m and 2.74x industry multiple (adjusted for size and gross margin).

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Cls Finance Limited is a live company located in london, WC2N 6JU with a Companies House number of 05032892. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in February 2004, it's largest shareholder is charles o. harding with a 50% stake. Cls Finance Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.9m with high growth in recent years.

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Pomanda's financial health check has awarded Cls Finance Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £35.9m, make it larger than the average company (£3.8m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.1%)

EXPORT

Cls Finance Limited's latest turnover from December 2018 is estimated at £35.9 million and the company has net assets of £1.8 million. According to their latest financial statements, Cls Finance Limited has 31 employees and maintains cash reserves of £172.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	35,933,985	25,795,913	21,426,674	22,683,413	23,618,456	15,358,994	13,664,224	12,850,438	632,504	440,000
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	12,831,732	9,309,194	7,856,547	8,035,093	8,967,068	6,011,992	5,700,158	5,616,948	22,135	92,107
Gross Profit	23,102,253	16,486,719	13,570,127	14,648,320	14,651,388	9,347,002	7,964,066	7,233,490	610,369	347,893
Admin Expenses	22,420,543	15,805,597	12,763,016	14,109,073	14,429,700	9,216,650	7,762,135	7,008,016	279,456	229,236
Operating Profit	681,710	681,122	807,111	539,247	221,688	130,352	201,931	225,474	330,913	118,657
Interest Payable	102,534	628,843	492,698	206,147	0	0	0	41,467	113,120	82,946
Interest Receivable	1,777	4,339	2,003	790	667	330	287	364	0	46
Pre-Tax Profit	172,499	56,619	316,416	333,890	222,354	130,682	202,218	184,370	217,793	35,757
Tax	-32,775	-10,758	-63,283	-66,778	-46,694	-30,057	-48,532	-47,936	-46,064	-7,453
Profit After Tax	139,724	45,861	253,133	267,112	175,660	100,625	153,686	136,434	171,729	28,304
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	139,724	45,861	253,133	267,112	175,660	100,625	153,686	136,434	171,729	28,304
Employee Costs	2,242,101	2,286,538	1,348,213	5,746,154	7,323,439	4,905,787	3,981,938	3,825,000	77,143	57,618
Number Of Employees	31	33	20	90	119	78	66	63	4	0
EBITDA*	681,710	681,122	807,111	539,247	221,688	130,352	201,931	225,474	330,913	118,981

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	5,835,284	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	6,136,815	5,697,122	4,429,159	3,000,233	1,934,464	1,699,087	1,465,258	1,135,177	486,258
Total Fixed Assets	5,835,284	6,136,815	5,697,122	4,429,159	3,000,233	1,934,464	1,699,087	1,465,258	1,135,177	486,258
Stock & work in progress	0	0	0	333,731	0	0	0	0	0	0
Trade Debtors	8,670,787	6,070,893	5,345,952	4,168,496	3,236,658	2,224,733	1,862,230	1,748,806	1,176,304	871,850
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	925,942	680,161	455,364	0	0	0	0	0	0
Cash	172,580	301,215	1,434,487	167,616	148,242	118,456	13,362	101,611	43,871	32,287
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	9,734,122	7,298,050	7,460,600	5,125,207	3,384,900	2,343,189	1,875,592	1,850,417	1,220,175	904,137
total assets	15,569,406	13,434,865	13,157,722	9,554,366	6,385,133	4,277,653	3,574,679	3,315,675	2,355,352	1,390,395
Bank overdraft	5,214,703	4,867,055	4,012,622	2,859,364	0	0	0	0	580,341	275,650
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	43,963	4,087	766	2,852	3,428,435	1,615,244	1,719,061	1,533,919	259	1,097
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	949,219	1,269,732	1,226,355	0	0	0	0	576,120	371,607
total current liabilities	6,092,806	5,820,361	5,283,120	4,088,571	3,428,435	1,615,244	1,719,061	1,533,919	1,156,720	648,354
loans	0	5,058,617	5,410,713	3,483,624	0	0	0	0	695,574	410,712
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	920,318	874,181	645,596	1,887,235	1,768,606	1,062,440	1,142,264	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	7,701,307	5,978,935	6,284,894	4,129,220	1,887,235	1,768,606	1,062,440	1,142,264	695,574	410,712
total liabilities	13,794,113	11,799,296	11,568,014	8,217,791	5,315,670	3,383,850	2,781,501	2,676,183	1,852,294	1,059,066
net assets	1,775,293	1,635,569	1,589,708	1,336,575	1,069,463	893,803	793,178	639,492	503,058	331,329
total shareholders funds	1,775,293	1,635,569	1,589,708	1,336,575	1,069,463	893,803	793,178	639,492	503,058	331,329

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	681,710	681,122	807,111	539,247	221,688	130,352	201,931	225,474	330,913	118,657
Depreciation	0	0	0	0	0	0	0	0	0	324
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-32,775	-10,758	-63,283	-66,778	-46,694	-30,057	-48,532	-47,936	-46,064	-7,453
Stock	0	0	-333,731	333,731	0	0	0	0	0	0
Debtors	-4,462,863	1,410,415	2,670,216	2,816,128	2,077,694	597,880	347,253	902,583	953,373	1,358,108
Creditors	39,876	3,321	-2,086	-3,425,583	1,813,191	-103,817	185,142	1,533,660	-838	1,097
Accruals and Deferred Income	-949,219	-320,513	43,377	1,226,355	0	0	0	-576,120	204,513	371,607
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	4,202,455	-1,057,243	-1,551,366	-4,876,618	-89,509	-601,402	-8,712	232,495	-464,849	-873,876
Investing Activities
capital expenditure	-5,835,284	0	0	0	0	0	0	0	0	-324
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,835,284	0	0	0	0	0	0	0	0	-324
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,058,617	-352,096	1,927,089	3,483,624	0	0	0	-695,574	284,862	410,712
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-920,318	46,137	228,585	-1,241,639	118,629	706,166	-79,824	1,142,264	0	0
share issue	0	0	0	0	0	0	0	0	0	303,025
interest	-100,757	-624,504	-490,695	-205,357	667	330	287	-41,103	-113,120	-82,900
cash flow from financing	-6,079,692	-930,463	1,664,979	2,036,628	119,296	706,496	-79,537	405,587	171,742	630,837
cash and cash equivalents
cash	-128,635	-1,133,272	1,266,871	19,374	29,786	105,094	-88,249	57,740	11,584	32,287
overdraft	347,648	854,433	1,153,258	2,859,364	0	0	0	-580,341	304,691	275,650
change in cash	-476,283	-1,987,705	113,613	-2,839,990	29,786	105,094	-88,249	638,081	-293,107	-243,363

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CLS FINANCE LIMITED group structure

Cls Finance Limited has no subsidiary companies.

Ultimate parent company

CLS FINANCE LIMITED

05032892

CLS FINANCE LIMITED Shareholders

charles o. harding	49.96%
shaun p. young	49.96%
lee henderson	0.09%

Cls Finance Limited currently has 2 directors. The longest serving directors include Mr Shaun Young (Feb 2004) and Mr Charles Holding (Feb 2004).

officer	country	age	start	end	role
Mr Shaun Young		62 years	Feb 2004	-	Director
Mr Charles Holding	United Kingdom	55 years	Feb 2004	-	Director

P&L

December 2018

turnover

35.9m

+39%

operating profit

681.7k

gross margin

64.3%

+0.59%

turnover

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

Balance Sheet

December 2018

net assets

1.8m

+0.09%

total assets

15.6m

+0.16%

cash

172.6k

-0.43%

net assets

Total assets minus all liabilities

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company number

05032892

Type

Private 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

February 2004

ultimate parent company

None

previous names

N/A

address

c/o resolve advisory limited, 22 york buildings, london, WC2N 6JU

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 19 charges/mortgages relating to cls finance limited. Currently there are 7 open charges and 12 have been satisfied in the past.

cls finance limited Company Information

cls finance limited Estimated Valuation

cls finance limited Estimated Valuation

cls finance limited Estimated Valuation

Cls Finance Limited Overview

Cls Finance Limited Health Check

CLS FINANCE LIMITED financials

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