Karrek Financial Management Limited

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karrek financial management limited Company Information

Live

EstablishedSmallHigh

Company Number

05420119

Website

www.karrekfinancial.com

Registered Address

9 hilgrove road, newquay, cornwall, TR7 2QY

Industry

Other activities auxiliary to insurance and pension funding

Telephone

01637853153

Next Accounts Due

14 days late

Group Structure

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Directors

Andrew Turner19 Years

Richard Olive2 Years

Shareholders

andrew simon turner 49%

kay turner 49%

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karrek financial management limited Estimated Valuation

£4.4m

Pomanda estimates the enterprise value of KARREK FINANCIAL MANAGEMENT LIMITED at £4.4m based on Net Assets of £1.6m and 2.7x industry multiple (adjusted for liquidity).

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Karrek Financial Management Limited is a live company located in cornwall, TR7 2QY with a Companies House number of 05420119. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in April 2005, it's largest shareholder is andrew simon turner with a 49% stake. Karrek Financial Management Limited is a established, small sized company, Pomanda has estimated its turnover at £644.2k with high growth in recent years.

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Pomanda's financial health check has awarded Karrek Financial Management Limited a 4.5 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

Health Rating4.5out of 5

3 Strong

4 Regular

2 Weak

Size

annual sales of £644.2k, make it smaller than the average company (£2.7m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (3.8%)

EXPORT

Karrek Financial Management Limited's latest turnover from December 2022 is estimated at £644.2 thousand and the company has net assets of £1.6 million. According to their latest financial statements, Karrek Financial Management Limited has 5 employees and maintains cash reserves of £489.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	644,161	476,713	503,485	452,356	412,850	235,945	195,881	142,609	203,728	170,830	396,858	241,595	281,457	184,387
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	40,180	43,485	55,943	71,249	99,098	79,952	51,970	39,558	74,109	64,598	131,756	70,475	102,233	55,611
Gross Profit	603,981	433,228	447,542	381,107	313,752	155,993	143,910	103,051	129,619	106,232	265,101	171,120	179,224	128,776
Admin Expenses	549,810	87,168	-34,097	203,722	42,761	-32,963	62,138	91,102	111,236	111,244	257,668	31,724	114,130	-142,649
Operating Profit	54,171	346,060	481,639	177,385	270,991	188,956	81,772	11,949	18,383	-5,012	7,433	139,396	65,094	271,425
Interest Payable	21,688	16,384	18,322	17,995	10,862	0	0	0	0	0	0	0	0	0
Interest Receivable	20,540	1,491	439	326	2,117	801	333	908	754	530	559	316	169	78
Pre-Tax Profit	53,022	331,167	463,756	159,716	262,246	189,757	82,105	12,858	19,138	-4,482	7,992	139,712	65,264	271,503
Tax	-10,074	-62,922	-88,114	-30,346	-49,827	-36,054	-15,600	-2,571	-3,827	0	-1,838	-33,531	-16,969	-76,021
Profit After Tax	42,948	268,245	375,642	129,370	212,419	153,703	66,505	10,286	15,310	-4,482	6,154	106,181	48,295	195,482
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	42,948	268,245	375,642	129,370	212,419	153,703	66,505	10,286	15,310	-4,482	6,154	106,181	48,295	195,482
Employee Costs	279,996	228,464	238,687	207,428	196,731	142,466	100,924	95,151	93,652	83,582	165,795	125,372	124,534	86,820
Number Of Employees	5	4	4	4	4	3	2	2	2	2	4	3	3	2
EBITDA*	67,032	362,794	496,376	185,119	279,713	188,956	87,999	18,177	24,611	-5,012	13,238	144,647	66,398	272,894

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	371,559	373,076	379,066	383,059	389,049	404,769	338,267	318,434	275,668	277,353	272,815	323,877	274,384	331,693
Intangible Assets	504,099	514,843	525,587	446,331	448,075	449,819	451,563	453,307	455,051	456,795	458,540	460,283	462,027	464,598
Investments & Other	0	0	0	166,554	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	170,236	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	875,658	887,919	1,074,889	995,944	837,124	854,588	789,830	771,741	730,719	734,148	731,355	784,160	736,411	796,291
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	45,577	44,998	24,088	24,088	24,087	58,226	24,087	27,587	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	533,242	436,599	164,022	143,728	215,433	0	0	0	0	0	0	0	0	0
Cash	489,199	684,493	508,176	281,438	370,715	193,822	126,412	139,941	223,302	78,336	133,679	89,910	36,415	31,198
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,022,441	1,121,092	672,198	425,166	586,148	239,399	171,410	164,029	247,390	102,423	191,905	113,997	64,002	31,198
total assets	1,898,099	2,009,011	1,747,087	1,421,110	1,423,272	1,093,987	961,240	935,770	978,109	836,571	923,260	898,157	800,413	827,489
Bank overdraft	41,487	41,487	41,487	268,147	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	48,108	121,562	99,866	79,289	87,987	74,010	124,124	171,701	178,485	115,908
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	50,113	169,779	142,598	71,050	93,132	0	0	0	0	0	0	0	0	0
total current liabilities	91,600	211,266	184,085	339,197	141,240	121,562	99,866	79,289	87,987	74,010	124,124	171,701	178,485	115,908
loans	169,709	203,906	237,408	0	321,840	0	0	0	0	0	0	0	0	0
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	2,591	10,240	234,991	277,643	339,255	383,182	270,931	303,024	236,498	238,151	376,099
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	169,709	203,906	237,408	2,591	332,080	234,991	277,643	339,255	383,182	270,931	303,024	236,498	238,151	376,099
total liabilities	261,309	415,172	421,493	341,788	473,320	356,553	377,509	418,544	471,169	344,941	427,148	408,199	416,636	492,007
net assets	1,636,790	1,593,839	1,325,594	1,079,322	949,952	737,434	583,731	517,226	506,940	491,630	496,112	489,958	383,777	335,482
total shareholders funds	1,636,790	1,593,839	1,325,594	1,079,322	949,952	737,434	583,731	517,226	506,940	491,630	496,112	489,958	383,777	335,482

	Dec 2022	Dec 2021	Dec 2020	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	54,171	346,060	481,639	177,385	270,991	188,956	81,772	11,949	18,383	-5,012	7,433	139,396	65,094	271,425
Depreciation	2,117	10,744	3,993	5,990	6,978	0	4,483	4,484	4,484	0	4,062	3,507	1,304	1,469
Amortisation	10,744	5,990	10,744	1,744	1,744	0	1,744	1,744	1,744	0	1,743	1,744	0	0
Tax	-10,074	-62,922	-88,114	-30,346	-49,827	-36,054	-15,600	-2,571	-3,827	0	-1,838	-33,531	-16,969	-76,021
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	96,643	102,341	118,825	-71,705	169,856	579	20,910	0	1	-34,139	34,139	-3,500	27,587	0
Creditors	0	0	-48,108	-48,108	-73,454	21,696	20,577	-8,698	13,977	-50,114	-47,577	-6,784	62,577	115,908
Accruals and Deferred Income	-119,666	27,181	49,466	-22,082	93,132	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-159,351	224,712	290,795	156,288	79,708	174,019	72,066	6,908	34,760	-20,987	-70,316	107,832	84,419	312,781
Investing Activities
capital expenditure	-600	0	-82,266	0	8,742	-64,758	-24,316	-47,250	-2,799	-2,793	47,000	-53,000	58,576	-797,760
Change in Investments	0	0	0	166,554	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-600	0	-82,266	-166,554	8,742	-64,758	-24,316	-47,250	-2,799	-2,793	47,000	-53,000	58,576	-797,760
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-34,197	-33,502	-84,432	-321,840	321,840	0	0	0	0	0	0	0	0	0
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	-10,240	-7,649	-224,751	-42,652	-61,612	-43,927	112,251	-32,093	66,526	-1,653	-137,948	376,099
share issue	3	0	0	0	99	0	0	0	0	0	0	0	0	140,000
interest	-1,148	-14,893	-17,883	-17,669	-8,745	801	333	908	754	530	559	316	169	78
cash flow from financing	-35,342	-48,395	-112,555	-347,158	88,443	-41,851	-61,279	-43,019	113,005	-31,563	67,085	-1,337	-137,779	516,177
cash and cash equivalents
cash	-195,294	176,317	137,461	-89,277	176,893	67,410	-13,529	-83,361	144,966	-55,343	43,769	53,495	5,217	31,198
overdraft	0	0	41,487	268,147	0	0	0	0	0	0	0	0	0	0
change in cash	-195,294	176,317	95,974	-357,424	176,893	67,410	-13,529	-83,361	144,966	-55,343	43,769	53,495	5,217	31,198

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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KARREK FINANCIAL MANAGEMENT LIMITED group structure

Karrek Financial Management Limited has no subsidiary companies.

Ultimate parent company

KARREK FINANCIAL MANAGEMENT LIMITED

05420119

KARREK FINANCIAL MANAGEMENT LIMITED Shareholders

andrew simon turner	49.02%
kay turner	49.02%
george william turner	0.98%
james turner	0.98%

Karrek Financial Management Limited currently has 2 directors. The longest serving directors include Mr Andrew Turner (Apr 2005) and Mr Richard Olive (Jan 2022).

officer	country	age	start	end	role
Mr Andrew Turner	England	60 years	Apr 2005	-	Director
Mr Richard Olive		54 years	Jan 2022	-	Director

P&L

December 2022

turnover

644.2k

+35%

operating profit

54.2k

gross margin

93.8%

+3.17%

turnover

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

Balance Sheet

December 2022

net assets

1.6m

+0.03%

total assets

1.9m

-0.06%

cash

489.2k

-0.29%

net assets

Total assets minus all liabilities

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company number

05420119

Type

Private limited with Share Capital

industry

66290 - Other activities auxiliary to insurance and pension funding

incorporation date

April 2005

ultimate parent company

None

previous names

N/A

address

9 hilgrove road, newquay, cornwall, TR7 2QY

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 3 charges/mortgages relating to karrek financial management limited. Currently there are 2 open charges and 1 have been satisfied in the past.

karrek financial management limited Company Information

karrek financial management limited Estimated Valuation

karrek financial management limited Estimated Valuation

karrek financial management limited Estimated Valuation

Karrek Financial Management Limited Overview

Karrek Financial Management Limited Health Check

KARREK FINANCIAL MANAGEMENT LIMITED financials

karrek financial management limited Credit Report and Business Information

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karrek financial management limited Ownership

karrek financial management limited directors

karrek financial management limited company details

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