smart currency exchange limited
smart currency exchange limited Company Information
Company Number
05282305
Next Accounts
Jul 2025
Shareholders
sce holdings ltd
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
7th floor 1 lyric square, hammersmith, london, W6 0NB
Website
-smart currency exchange limited Estimated Valuation
Pomanda estimates the enterprise value of SMART CURRENCY EXCHANGE LIMITED at £27.4m based on a Turnover of £11.7m and 2.34x industry multiple (adjusted for size and gross margin).
smart currency exchange limited Estimated Valuation
Pomanda estimates the enterprise value of SMART CURRENCY EXCHANGE LIMITED at £0 based on an EBITDA of £-2.8m and a 8.07x industry multiple (adjusted for size and gross margin).
smart currency exchange limited Estimated Valuation
Pomanda estimates the enterprise value of SMART CURRENCY EXCHANGE LIMITED at £17.2m based on Net Assets of £12.8m and 1.34x industry multiple (adjusted for liquidity).
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Smart Currency Exchange Limited Overview
Smart Currency Exchange Limited is a live company located in london, W6 0NB with a Companies House number of 05282305. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 2004, it's largest shareholder is sce holdings ltd with a 100% stake. Smart Currency Exchange Limited is a mature, mid sized company, Pomanda has estimated its turnover at £11.7m with healthy growth in recent years.
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Smart Currency Exchange Limited Health Check
Pomanda's financial health check has awarded Smart Currency Exchange Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
2 Weak
Size
annual sales of £11.7m, make it larger than the average company (£4.8m)
£11.7m - Smart Currency Exchange Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4%)
4% - Smart Currency Exchange Limited
4% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (57.6%)
100% - Smart Currency Exchange Limited
57.6% - Industry AVG
Profitability
an operating margin of -24% make it less profitable than the average company (9.7%)
-24% - Smart Currency Exchange Limited
9.7% - Industry AVG
Employees
with 128 employees, this is above the industry average (13)
128 - Smart Currency Exchange Limited
13 - Industry AVG
Pay Structure
on an average salary of £81.8k, the company has an equivalent pay structure (£78.1k)
£81.8k - Smart Currency Exchange Limited
£78.1k - Industry AVG
Efficiency
resulting in sales per employee of £91.4k, this is less efficient (£205k)
£91.4k - Smart Currency Exchange Limited
£205k - Industry AVG
Debtor Days
it gets paid by customers after 3 days, this is earlier than average (33 days)
3 days - Smart Currency Exchange Limited
33 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Smart Currency Exchange Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Smart Currency Exchange Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (30 weeks)
47 weeks - Smart Currency Exchange Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.9%, this is a similar level of debt than the average (69%)
70.9% - Smart Currency Exchange Limited
69% - Industry AVG
SMART CURRENCY EXCHANGE LIMITED financials
Smart Currency Exchange Limited's latest turnover from October 2023 is £11.7 million and the company has net assets of £12.8 million. According to their latest financial statements, Smart Currency Exchange Limited has 128 employees and maintains cash reserves of £28.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 11,704,144 | 13,429,813 | 12,127,285 | 10,256,604 | 11,323,945 | 11,116,129 | 10,664,370 | 10,213,612 | 8,954,963 | 7,073,567 | 5,327,906 | 4,179,659 | 2,969,507 | 2,046,675 | 1,519,841 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | 11,704,144 | 13,429,813 | 12,127,285 | 10,256,604 | 10,664,370 | 10,213,612 | 8,954,963 | ||||||||
| Admin Expenses | 14,519,186 | 13,073,204 | 12,641,301 | 9,739,423 | 9,578,385 | 8,796,255 | 7,711,978 | ||||||||
| Operating Profit | -2,815,042 | 356,609 | -514,016 | 517,181 | 983,227 | 1,389,234 | 1,085,985 | 1,417,357 | 1,242,985 | 1,494,475 | 1,144,012 | 647,876 | 403,122 | 391,592 | 78,499 |
| Interest Payable | 9,440 | 1,753 | 18,446 | 19,163 | |||||||||||
| Interest Receivable | 1,200,078 | 233,166 | 71,254 | 68,997 | 102,593 | 51,026 | 8,235 | 11,726 | 12,133 | 9,165 | 21,177 | 51,931 | 42,316 | 7,449 | 52,601 |
| Pre-Tax Profit | 3,198,958 | 1,174,039 | 807,238 | 586,178 | 1,085,820 | 1,430,820 | 1,092,467 | 1,410,637 | 1,235,955 | 1,503,640 | 1,165,189 | 841,964 | 445,438 | 399,041 | 131,100 |
| Tax | -38,943 | 128,160 | -20,674 | 32,059 | -50,633 | -269,662 | -155,685 | -207,417 | -162,329 | -328,172 | -259,981 | -148,013 | -132,398 | -112,515 | -19,036 |
| Profit After Tax | 3,160,015 | 1,302,199 | 786,564 | 618,237 | 1,035,187 | 1,161,158 | 936,782 | 1,203,220 | 1,073,626 | 1,175,468 | 905,208 | 693,951 | 313,040 | 286,526 | 112,064 |
| Dividends Paid | 50,000 | 1,890,000 | 70,000 | 101,000 | |||||||||||
| Retained Profit | 3,160,015 | 1,252,199 | 786,564 | -1,271,763 | 1,035,187 | 1,161,158 | 936,782 | 1,203,220 | 1,073,626 | 1,175,468 | 905,208 | 693,951 | 313,040 | 216,526 | 11,064 |
| Employee Costs | 10,476,634 | 9,251,783 | 6,859,623 | 5,185,115 | 5,388,338 | 5,036,692 | 4,267,930 | 4,039,398 | 4,204,226 | 2,923,355 | |||||
| Number Of Employees | 128 | 111 | 96 | 93 | 93 | 91 | 90 | 83 | 79 | ||||||
| EBITDA* | -2,801,569 | 367,352 | -505,324 | 523,357 | 988,261 | 1,395,022 | 1,092,298 | 1,424,036 | 1,250,262 | 1,499,604 | 1,145,818 | 659,226 | 414,340 | 403,037 | 91,548 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 43,272 | 22,162 | 19,616 | 21,311 | 27,397 | 194,468 | 18,939 | 23,553 | 11,739 | 13,049 | 5,286 | 405 | 11,217 | 22,435 | 33,880 |
| Intangible Assets | |||||||||||||||
| Investments & Other | 150,000 | 234,068 | 233,184 | 229,296 | 226,457 | 17,365 | 150,000 | 175,000 | 175,000 | 25,000 | |||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 193,272 | 256,230 | 252,800 | 250,607 | 253,854 | 211,833 | 168,939 | 198,553 | 186,739 | 38,049 | 5,286 | 405 | 11,217 | 22,435 | 33,880 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 122,980 | 10,193 | 18,015 | 5,988 | 6,528 | 1,034 | 950 | ||||||||
| Group Debtors | 13,673,150 | 6,750,113 | 10,607,730 | 6,243,297 | 5,527,554 | 4,334,987 | 3,725,908 | 2,834,923 | 2,152,868 | 981,595 | 785,510 | 582,285 | 162,884 | 129,326 | 125,992 |
| Misc Debtors | 1,394,790 | 3,196,230 | 996,608 | 452,340 | 786,749 | 1,117,853 | 1,093,331 | 629,608 | 377,566 | 243,233 | 89,080 | 32,451 | 4,500 | 3,726 | 76,625 |
| Cash | 28,562,256 | 44,863,329 | 36,748,196 | 27,918,073 | 23,515,030 | 27,252,549 | 28,057,722 | 27,978,274 | 27,072,750 | 14,828,440 | 10,130,999 | 7,926,307 | 6,161,896 | 4,947,436 | 2,555,385 |
| misc current assets | |||||||||||||||
| total current assets | 43,753,176 | 54,819,865 | 48,370,549 | 34,619,698 | 29,835,861 | 32,705,389 | 32,877,995 | 31,442,805 | 29,603,184 | 16,053,268 | 11,005,589 | 8,541,043 | 6,330,230 | 5,080,488 | 2,758,002 |
| total assets | 43,946,448 | 55,076,095 | 48,623,349 | 34,870,305 | 30,089,715 | 32,917,222 | 33,046,934 | 31,641,358 | 29,789,923 | 16,091,317 | 11,010,875 | 8,541,448 | 6,341,447 | 5,102,923 | 2,791,882 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 354 | 113,668 | 49,160 | 6,423 | 55,336 | 49,549 | 86,621 | 23,174 | 81,986 | 171,273 | 137,044 | 116,701 | 120,280 | 73,761 | 57,071 |
| Group/Directors Accounts | 377,963 | 428,868 | 4,201,638 | 1,837,209 | 2,307 | 38,154 | 56,223 | 102,218 | 167,127 | 167,185 | 342,364 | ||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 30,774,739 | 44,900,182 | 35,991,373 | 25,432,059 | 21,168,002 | 25,036,483 | 26,290,281 | 25,884,934 | 25,175,600 | 12,425,486 | 8,536,672 | 6,946,801 | 5,372,263 | 4,493,240 | 2,240,236 |
| total current liabilities | 31,153,056 | 45,442,718 | 40,242,171 | 27,275,691 | 21,223,338 | 25,086,032 | 26,376,902 | 25,908,108 | 25,259,893 | 12,634,913 | 8,729,939 | 7,165,720 | 5,659,670 | 4,734,186 | 2,639,671 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 31,153,056 | 45,442,718 | 40,242,171 | 27,275,691 | 21,223,338 | 25,086,032 | 26,376,902 | 25,908,108 | 25,259,893 | 12,634,913 | 8,729,939 | 7,165,720 | 5,659,670 | 4,734,186 | 2,639,671 |
| net assets | 12,793,392 | 9,633,377 | 8,381,178 | 7,594,614 | 8,866,377 | 7,831,190 | 6,670,032 | 5,733,250 | 4,530,030 | 3,456,404 | 2,280,936 | 1,375,728 | 681,777 | 368,737 | 152,211 |
| total shareholders funds | 12,793,392 | 9,633,377 | 8,381,178 | 7,594,614 | 8,866,377 | 7,831,190 | 6,670,032 | 5,733,250 | 4,530,030 | 3,456,404 | 2,280,936 | 1,375,728 | 681,777 | 368,737 | 152,211 |
| Oct 2023 | Oct 2022 | Oct 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -2,815,042 | 356,609 | -514,016 | 517,181 | 983,227 | 1,389,234 | 1,085,985 | 1,417,357 | 1,242,985 | 1,494,475 | 1,144,012 | 647,876 | 403,122 | 391,592 | 78,499 |
| Depreciation | 13,473 | 10,743 | 8,692 | 6,176 | 5,034 | 5,788 | 6,313 | 6,679 | 7,277 | 5,129 | 1,806 | 11,350 | 11,218 | 11,445 | 13,049 |
| Amortisation | |||||||||||||||
| Tax | -38,943 | 128,160 | -20,674 | 32,059 | -50,633 | -269,662 | -155,685 | -207,417 | -162,329 | -328,172 | -259,981 | -148,013 | -132,398 | -112,515 | -19,036 |
| Stock | |||||||||||||||
| Debtors | 5,234,384 | -1,665,817 | 4,920,728 | 380,794 | 867,991 | 632,567 | 1,355,742 | 934,097 | 1,305,606 | 350,238 | 259,854 | 446,402 | 35,282 | -69,565 | 202,617 |
| Creditors | -113,314 | 64,508 | 42,737 | -48,913 | 5,787 | -37,072 | 63,447 | -58,812 | -89,287 | 34,229 | 20,343 | -3,579 | 46,519 | 16,690 | 57,071 |
| Accruals and Deferred Income | -14,125,443 | 8,908,809 | 10,559,314 | 4,264,057 | -3,868,481 | -1,253,798 | 405,347 | 709,334 | 12,750,114 | 3,888,814 | 1,589,871 | 1,574,538 | 879,023 | 2,253,004 | 2,240,236 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -22,313,653 | 11,134,646 | 5,155,325 | 4,389,766 | -3,793,057 | -798,077 | 49,665 | 933,044 | 12,443,154 | 4,744,237 | 2,236,197 | 1,635,770 | 1,172,202 | 2,629,781 | 2,167,202 |
| Investing Activities | |||||||||||||||
| capital expenditure | -5,967 | -12,892 | |||||||||||||
| Change in Investments | -84,068 | 884 | 3,888 | 2,839 | 209,092 | -132,635 | -25,000 | 150,000 | 25,000 | ||||||
| cash flow from investments | -155,967 | -37,892 | |||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -50,905 | -3,772,770 | 2,364,429 | 1,837,209 | -2,307 | -35,847 | -18,069 | -45,995 | -64,909 | -58 | -175,179 | 342,364 | |||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,200,078 | 233,166 | 71,254 | 68,997 | 102,593 | 41,586 | 6,482 | -6,720 | -7,030 | 9,165 | 21,177 | 51,931 | 42,316 | 7,449 | 52,601 |
| cash flow from financing | 1,149,173 | -3,539,604 | 2,435,683 | 1,906,206 | 102,593 | 41,586 | 6,482 | -9,027 | -42,877 | -8,904 | -24,818 | -12,978 | 42,258 | -167,730 | 536,112 |
| cash and cash equivalents | |||||||||||||||
| cash | -16,301,073 | 8,115,133 | 8,830,123 | 4,403,043 | -3,737,519 | -805,173 | 79,448 | 905,524 | 12,244,310 | 4,697,441 | 2,204,692 | 1,764,411 | 1,214,460 | 2,392,051 | 2,555,385 |
| overdraft | |||||||||||||||
| change in cash | -16,301,073 | 8,115,133 | 8,830,123 | 4,403,043 | -3,737,519 | -805,173 | 79,448 | 905,524 | 12,244,310 | 4,697,441 | 2,204,692 | 1,764,411 | 1,214,460 | 2,392,051 | 2,555,385 |
smart currency exchange limited Credit Report and Business Information
Smart Currency Exchange Limited Competitor Analysis
Perform a competitor analysis for smart currency exchange limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in W 6 area or any other competitors across 12 key performance metrics.
smart currency exchange limited Ownership
SMART CURRENCY EXCHANGE LIMITED group structure
Smart Currency Exchange Limited has 1 subsidiary company.
Ultimate parent company
2 parents
SMART CURRENCY EXCHANGE LIMITED
05282305
1 subsidiary
smart currency exchange limited directors
Smart Currency Exchange Limited currently has 4 directors. The longest serving directors include Mr John Purdy (Nov 2004) and Ms Jana Harris (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Purdy | 67 years | Nov 2004 | - | Director | |
| Ms Jana Harris | United Kingdom | 40 years | Jun 2021 | - | Director |
| Mr Nicholas Lord | United Kingdom | 42 years | Jun 2021 | - | Director |
| Mr Alexander Bennett | United Kingdom | 40 years | Jun 2021 | - | Director |
P&L
October 2023turnover
11.7m
-13%
operating profit
-2.8m
-889%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
12.8m
+0.33%
total assets
43.9m
-0.2%
cash
28.6m
-0.36%
net assets
Total assets minus all liabilities
smart currency exchange limited company details
company number
05282305
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
November 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
October 2023
previous names
N/A
accountant
-
auditor
PKF LITTLEJOHN LLP
address
7th floor 1 lyric square, hammersmith, london, W6 0NB
Bank
-
Legal Advisor
-
smart currency exchange 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 2 charges/mortgages relating to smart currency exchange limited. Currently there are 2 open charges and 0 have been satisfied in the past.
smart currency exchange 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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smart currency exchange limited Companies House Filings - See Documents
| date | description | view/download |
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