t.h.f.c. (funding no. 1) plc
t.h.f.c. (funding no. 1) plc Company Information
Company Number
05290731
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
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
t h f c (services) limited 100%
t.h.f.c. (funding no. 1) plc Estimated Valuation
Pomanda estimates the enterprise value of T.H.F.C. (FUNDING NO. 1) PLC at £19.7m based on a Turnover of £11.6m and 1.7x industry multiple (adjusted for size and gross margin).
t.h.f.c. (funding no. 1) plc Estimated Valuation
Pomanda estimates the enterprise value of T.H.F.C. (FUNDING NO. 1) PLC at £0 based on an EBITDA of £0 and a 6.97x industry multiple (adjusted for size and gross margin).
t.h.f.c. (funding no. 1) plc Estimated Valuation
Pomanda estimates the enterprise value of T.H.F.C. (FUNDING NO. 1) PLC at £24.1k based on Net Assets of £12.5k and 1.93x industry multiple (adjusted for liquidity).
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T.h.f.c. (funding No. 1) Plc Overview
T.h.f.c. (funding No. 1) Plc is a live company located in london, EC4N 8AL with a Companies House number of 05290731. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 2004, it's largest shareholder is t h f c (services) limited with a 100% stake. T.h.f.c. (funding No. 1) Plc is a mature, mid sized company, Pomanda has estimated its turnover at £11.6m with declining growth in recent years.
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T.h.f.c. (funding No. 1) Plc Health Check
Pomanda's financial health check has awarded T.H.F.C. (Funding No. 1) Plc a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
2 Weak
Size
annual sales of £11.6m, make it larger than the average company (£4.6m)
£11.6m - T.h.f.c. (funding No. 1) Plc
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (3.2%)
-2% - T.h.f.c. (funding No. 1) Plc
3.2% - Industry AVG
Production
with a gross margin of 61.7%, this company has a comparable cost of product (61.7%)
61.7% - T.h.f.c. (funding No. 1) Plc
61.7% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - T.h.f.c. (funding No. 1) Plc
- - Industry AVG
Employees
with 52 employees, this is above the industry average (15)
- T.h.f.c. (funding No. 1) Plc
15 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- T.h.f.c. (funding No. 1) Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £223.8k, this is equally as efficient (£226.7k)
- T.h.f.c. (funding No. 1) Plc
£226.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - T.h.f.c. (funding No. 1) Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - T.h.f.c. (funding No. 1) Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - T.h.f.c. (funding No. 1) Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 50 weeks, this is more cash available to meet short term requirements (39 weeks)
50 weeks - T.h.f.c. (funding No. 1) Plc
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (58.9%)
100% - T.h.f.c. (funding No. 1) Plc
58.9% - Industry AVG
T.H.F.C. (FUNDING NO. 1) PLC financials
T.H.F.C. (Funding No. 1) Plc's latest turnover from December 2022 is £11.6 million and the company has net assets of £12.5 thousand. According to their latest financial statements, we estimate that T.H.F.C. (Funding No. 1) Plc has 52 employees and maintains cash reserves of £22.3 million 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 | 11,638,406 | 12,885,849 | 12,511,423 | 12,537,624 | 12,484,436 | 12,449,265 | 12,312,368 | 12,378,141 | 12,373,735 | 12,365,557 | 12,358,441 | 12,199,200 | 12,190,528 | 12,325,577 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 12,449,265 | -147,315 | 12,225,183 | 12,228,618 | 12,365,557 | 12,358,441 | 12,199,200 | 12,190,528 | 12,182,372 | |||||
| Gross Profit | 0 | 12,459,683 | 152,958 | 145,117 | 0 | 0 | 0 | 0 | 143,205 | |||||
| Admin Expenses | 0 | 0 | 143,205 | |||||||||||
| Operating Profit | 0 | 0 | 0 | 0 | 0 | |||||||||
| Interest Payable | 0 | 0 | 0 | 12,388,848 | 12,334,572 | 0 | 556,205 | 0 | 0 | 0 | 0 | 0 | 0 | 12,182,372 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 556,208 | 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 | 4 | 4 | 4 | 4 | 4 | |||||||||
| EBITDA* | 0 | 0 | 0 | 0 | 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 | 212,175,979 | 217,420,077 | 229,075,664 | 228,806,495 | 228,553,275 | 228,315,177 | 228,091,204 | 227,880,557 | 227,696,918 | 227,511,496 | 227,336,605 | 227,173,180 | 227,019,021 | 226,873,627 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 229,075,664 | 228,806,495 | 228,553,275 | 228,315,177 | 228,091,204 | 227,880,557 | 227,696,918 | 227,511,496 | 0 | 0 | 0 | 226,873,627 |
| Debtors (Due After 1 year) | 212,175,979 | 217,420,077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 212,175,979 | 217,420,077 | 229,075,664 | 228,806,495 | 228,553,275 | 228,315,177 | 228,091,204 | 227,880,557 | 227,696,918 | 227,511,496 | 227,336,605 | 227,173,180 | 227,019,021 | 226,873,627 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 330,254 | 330,254 | 330,254 | 330,254 | 330,254 | 330,254 | 330,254 | 0 | 478,539 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 597,193 | 586,725 | 613,941 | 603,915 | 0 | 239,463 | 225,954 | 210,144 | 190,482 | 120,920 | 216,215 | 446,590 | 798,381 | 257,392 |
| Cash | 22,292,745 | 22,852,543 | 24,148,435 | 24,136,037 | 24,136,040 | 24,136,040 | 24,136,037 | 24,136,040 | 24,136,009 | 12,500 | 12,500 | 12,498 | 12,469 | 1 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 174,362 | 0 | 0 | 0 | 0 |
| total current assets | 22,889,938 | 23,439,268 | 24,762,376 | 24,739,952 | 24,726,160 | 24,705,757 | 24,692,245 | 24,676,438 | 24,656,745 | 638,036 | 558,969 | 789,342 | 810,850 | 735,932 |
| total assets | 235,065,917 | 240,859,345 | 253,838,040 | 253,546,447 | 253,279,435 | 253,020,934 | 252,783,449 | 252,556,995 | 252,353,663 | 228,149,532 | 227,895,574 | 227,962,522 | 227,829,871 | 227,609,559 |
| 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 | 0 | 0 | 0 | 0 | 330,254 | 330,254 | 330,254 | 330,254 | 330,254 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 274,359 | 258,046 | 269,169 | 253,220 | 0 | 0 | 0 | 198,134 | 24,308,962 | 174,362 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 22,603,079 | 23,168,722 | 24,480,707 | 24,474,232 | 24,713,660 | 24,693,257 | 24,679,745 | 24,465,804 | 335,283 | 120,920 | 216,215 | 446,588 | 468,096 | 393,178 |
| total current liabilities | 22,877,438 | 23,426,768 | 24,749,876 | 24,727,452 | 24,713,660 | 24,693,257 | 24,679,745 | 24,663,938 | 24,644,245 | 625,536 | 546,469 | 776,842 | 798,350 | 723,432 |
| loans | 212,175,979 | 217,420,077 | 229,075,664 | 228,806,495 | 228,553,275 | 228,315,177 | 228,091,204 | 455,761,114 | 227,696,918 | 227,511,496 | 227,336,605 | 227,173,180 | 227,019,021 | 226,873,627 |
| 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 | 212,175,979 | 217,420,077 | 229,075,664 | 228,806,495 | 228,553,275 | 228,315,177 | 228,091,204 | 227,880,557 | 227,696,918 | 227,511,496 | 227,336,605 | 227,173,180 | 227,019,021 | 226,873,627 |
| total liabilities | 235,053,417 | 240,846,845 | 253,825,540 | 253,533,947 | 253,266,935 | 253,008,434 | 252,770,949 | 252,544,495 | 252,341,163 | 228,137,032 | 227,883,074 | 227,950,022 | 227,817,371 | 227,597,059 |
| 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 | 0 | 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 | -5,233,630 | 217,392,861 | 10,026 | 13,795 | 20,403 | 13,509 | 15,810 | 19,662 | 69,562 | -95,295 | -230,375 | -21,537 | 62,450 | 735,931 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -330,254 | 0 | 0 | 0 | 0 | 330,254 |
| Accruals and Deferred Income | -565,643 | -1,311,985 | 6,475 | -239,428 | 20,403 | 13,512 | 213,941 | 24,130,521 | 214,363 | -95,295 | -230,373 | -21,508 | 74,918 | 393,178 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,667,987 | -218,704,846 | 0 | 2 | -12,499 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -229,075,664 | 269,169 | 253,220 | 238,098 | 223,973 | 210,647 | 183,639 | 185,422 | 227,511,496 | 0 | 0 | -226,873,627 | 226,873,627 |
| cash flow from investments | ||||||||||||||
| 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 | 16,313 | -11,123 | 15,949 | 253,220 | 0 | 0 | -198,134 | -24,110,828 | 24,134,600 | 174,362 | 0 | 0 | 0 | 0 |
| Long term loans | -5,244,098 | -11,655,587 | 269,169 | 253,220 | 238,098 | 223,973 | -227,669,910 | 228,064,196 | 185,422 | 174,891 | 163,425 | 154,159 | 145,394 | 226,873,627 |
| 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 | ||||||||||||||
| interest | 0 | 0 | 0 | -12,388,848 | -12,334,572 | 0 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | -12,182,372 |
| cash flow from financing | -5,227,785 | -11,666,710 | 285,118 | -11,882,408 | -12,096,474 | 223,973 | -227,868,041 | 203,953,368 | 24,320,022 | 349,253 | 163,425 | 154,159 | 145,394 | 214,703,755 |
| cash and cash equivalents | ||||||||||||||
| cash | -559,798 | -1,295,892 | 12,398 | -3 | 0 | 3 | -3 | 31 | 24,123,509 | 0 | 2 | 29 | 12,468 | 1 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -559,798 | -1,295,892 | 12,398 | -3 | 0 | 3 | -3 | 31 | 24,123,509 | 0 | 2 | 29 | 12,468 | 1 |
t.h.f.c. (funding no. 1) plc Credit Report and Business Information
T.h.f.c. (funding No. 1) Plc Competitor Analysis
Perform a competitor analysis for t.h.f.c. (funding no. 1) plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
t.h.f.c. (funding no. 1) plc Ownership
T.H.F.C. (FUNDING NO. 1) PLC group structure
T.H.F.C. (Funding No. 1) Plc has no subsidiary companies.
Ultimate parent company
2 parents
T.H.F.C. (FUNDING NO. 1) PLC
05290731
t.h.f.c. (funding no. 1) plc directors
T.H.F.C. (Funding No. 1) 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 2022turnover
11.6m
-10%
operating profit
0
0%
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 2022net assets
12.5k
0%
total assets
235.1m
-0.02%
cash
22.3m
-0.02%
net assets
Total assets minus all liabilities
t.h.f.c. (funding no. 1) plc company details
company number
05290731
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
November 2004
age
20
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
3rd floor 17 st. swithin's lane, london, EC4N 8AL
last accounts submitted
December 2022
t.h.f.c. (funding no. 1) plc 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 t.h.f.c. (funding no. 1) plc. Currently there are 1 open charges and 0 have been satisfied in the past.
t.h.f.c. (funding no. 1) plc Companies House Filings - See Documents
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