equals money plc
equals money plc Company Information
Company Number
05539698
Next Accounts
Jun 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
equals group plc
equals money international limited
Group Structure
View All
Contact
Registered Address
3rd floor, vintners place, 68 upper thames street, london, EC4V 3BJ
Website
www.fairfx.comequals money plc Estimated Valuation
Pomanda estimates the enterprise value of EQUALS MONEY PLC at £213.5m based on a Turnover of £68.3m and 3.12x industry multiple (adjusted for size and gross margin).
equals money plc Estimated Valuation
Pomanda estimates the enterprise value of EQUALS MONEY PLC at £173.3m based on an EBITDA of £15m and a 11.53x industry multiple (adjusted for size and gross margin).
equals money plc Estimated Valuation
Pomanda estimates the enterprise value of EQUALS MONEY PLC at £55.9m based on Net Assets of £42.5m and 1.31x industry multiple (adjusted for liquidity).
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Equals Money Plc Overview
Equals Money Plc is a live company located in london, EC4V 3BJ with a Companies House number of 05539698. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2005, it's largest shareholder is equals group plc with a 100% stake. Equals Money Plc is a established, large sized company, Pomanda has estimated its turnover at £68.3m with rapid growth in recent years.
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Equals Money Plc Health Check
Pomanda's financial health check has awarded Equals Money Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 1 areas for improvement. Company Health Check FAQs
9 Strong
2 Regular
1 Weak
Size
annual sales of £68.3m, make it larger than the average company (£5.5m)
£68.3m - Equals Money Plc
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.9%)
47% - Equals Money Plc
4.9% - Industry AVG
Production
with a gross margin of 59.6%, this company has a comparable cost of product (53.6%)
59.6% - Equals Money Plc
53.6% - Industry AVG
Profitability
an operating margin of 13.3% make it more profitable than the average company (9.1%)
13.3% - Equals Money Plc
9.1% - Industry AVG
Employees
with 229 employees, this is above the industry average (14)
229 - Equals Money Plc
14 - Industry AVG
Pay Structure
on an average salary of £73.9k, the company has an equivalent pay structure (£82.7k)
£73.9k - Equals Money Plc
£82.7k - Industry AVG
Efficiency
resulting in sales per employee of £298.4k, this is more efficient (£224.9k)
£298.4k - Equals Money Plc
£224.9k - Industry AVG
Debtor Days
it gets paid by customers after 23 days, this is earlier than average (33 days)
23 days - Equals Money Plc
33 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (45 days)
50 days - Equals Money Plc
45 days - Industry AVG
Stock Days
it holds stock equivalent to 4 days, this is less than average (30 days)
4 days - Equals Money Plc
30 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (29 weeks)
19 weeks - Equals Money Plc
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 28.3%, this is a lower level of debt than the average (70.3%)
28.3% - Equals Money Plc
70.3% - Industry AVG
EQUALS MONEY PLC financials
Equals Money Plc's latest turnover from December 2023 is £68.3 million and the company has net assets of £42.5 million. According to their latest financial statements, Equals Money Plc has 229 employees and maintains cash reserves of £5.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 68,333,000 | 48,392,000 | 30,623,000 | 21,391,000 | 19,102,774 | 15,975,246 | 13,564,265 | 10,194,974 | 7,972,906 | 5,480,816 | 3,930,213 | 221,021,890 | 145,537,318 | 107,650,793 | 55,527,164 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 27,626,000 | 21,311,000 | 11,817,000 | 7,662,000 | 7,248,365 | 6,005,777 | 3,177,790 | 2,725,788 | 2,278,845 | 1,666,109 | 1,157,263 | 218,919,867 | 143,976,672 | 107,218,177 | 55,008,458 |
| Gross Profit | 40,707,000 | 27,081,000 | 18,806,000 | 13,729,000 | 11,854,409 | 9,969,469 | 10,386,475 | 7,469,186 | 5,694,061 | 3,814,707 | 2,772,950 | 2,102,023 | 1,560,646 | 432,616 | 518,706 |
| Admin Expenses | 31,608,000 | 23,243,000 | 19,469,000 | 19,806,000 | 12,728,226 | 1,783,227 | 2,167,825 | 2,479,470 | |||||||
| Operating Profit | 9,099,000 | 3,838,000 | -663,000 | -6,077,000 | -873,817 | 318,796 | -1,735,209 | -1,960,764 | |||||||
| Interest Payable | 114,000 | 238,000 | 442,000 | 333,000 | 145,002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,530 | 12,295 |
| Pre-Tax Profit | 9,365,000 | 3,600,000 | -1,105,000 | -6,410,000 | -1,018,819 | 995,845 | 486,413 | -1,440,190 | -3,395,398 | -2,126,490 | 129,261 | 318,796 | 101,325 | -1,730,679 | -1,948,469 |
| Tax | -718,000 | 35,000 | 1,083,000 | 1,487,000 | 1,741,585 | 1,301,490 | 148,463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 8,647,000 | 3,635,000 | -22,000 | -4,923,000 | 722,766 | 2,297,335 | 634,876 | -1,440,190 | -3,395,398 | -2,126,490 | 129,261 | 318,796 | 101,325 | -1,730,679 | -1,948,469 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 8,647,000 | 3,635,000 | -22,000 | -4,923,000 | 722,766 | 2,297,335 | 634,876 | -1,440,190 | -3,395,398 | -2,126,490 | 129,261 | 318,796 | 101,325 | -1,730,679 | -1,948,469 |
| Employee Costs | 16,913,000 | 11,930,000 | 10,372,000 | 11,694,000 | 8,374,571 | 5,183,702 | 5,360,259 | 4,015,602 | 3,452,430 | 2,422,873 | 1,508,980 | 1,087,279 | 1,001,735 | 1,346,516 | 806,668 |
| Number Of Employees | 229 | 180 | 169 | 215 | 147 | 95 | 76 | 66 | 65 | 53 | 36 | 32 | 27 | 21 | 17 |
| EBITDA* | 15,036,000 | 9,189,000 | 3,942,000 | -1,998,000 | 831,474 | 332,376 | -1,725,828 | -1,951,006 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 10,676,000 | 7,910,000 | 8,386,000 | 13,589,000 | 10,685,944 | 3,371,107 | 616,546 | 75,258 | 80,754 | 112,759 | 34,152 | 37,610 | 10,090 | 13,491 | 9,709 |
| Intangible Assets | 17,879,000 | 17,382,000 | 14,776,000 | 15,840,000 | 11,904,192 | 3,879,642 | 143,757 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 7,983,000 | 5,715,000 | 2,236,000 | 2,236,000 | 2,235,625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,731,000 | 1,201,000 | 611,000 | 2,391,000 | 2,197,655 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 28,555,000 | 25,292,000 | 22,551,000 | 27,038,000 | 22,590,136 | 7,250,749 | 760,303 | 75,258 | 80,754 | 112,759 | 34,152 | 37,610 | 10,090 | 13,491 | 9,709 |
| Stock & work in progress | 337,000 | 256,000 | 148,000 | 155,000 | 226,992 | 266,383 | 185,432 | 229,905 | 95,094 | 161,149 | 76,281 | 72,638 | 153,837 | 184,502 | 193,532 |
| Trade Debtors | 4,425,000 | 2,521,000 | 2,492,000 | 1,973,000 | 1,243,373 | 1,965,488 | 2,416,489 | 1,942,412 | 1,046,474 | 1,013,080 | 8,481,405 | 2,785,809 | 444,898 | 195,944 | 695,673 |
| Group Debtors | 11,549,000 | 3,980,000 | 1,261,000 | 989,000 | 230,983 | 0 | 0 | 244,038 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,929,000 | 5,300,000 | 3,657,000 | 5,503,000 | 8,678,921 | 3,962,698 | 1,074,851 | 1,058,991 | 918,529 | 624,098 | 554,069 | 429,021 | 159,329 | 129,045 | 36,381 |
| Cash | 5,575,000 | 7,451,000 | 9,367,000 | 7,631,000 | 7,762,872 | 4,011,964 | 10,038,962 | 8,523,985 | 3,615,056 | 4,085,137 | 2,006,288 | 2,335,946 | 2,064,764 | 812,203 | 1,824,064 |
| misc current assets | 2,951,000 | 2,508,000 | 1,609,000 | 1,852,000 | 3,046,974 | 388,902 | 303,775 | 223,884 | 115,711 | 47,141 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,766,000 | 22,016,000 | 18,932,000 | 19,450,000 | 21,190,115 | 10,595,435 | 14,019,509 | 12,223,215 | 5,790,864 | 5,930,605 | 11,118,043 | 5,623,414 | 2,822,828 | 1,321,694 | 2,749,650 |
| total assets | 59,321,000 | 47,308,000 | 41,483,000 | 46,488,000 | 43,780,251 | 17,846,184 | 14,779,812 | 12,298,473 | 5,871,618 | 6,043,364 | 11,152,195 | 5,661,024 | 2,832,918 | 1,335,185 | 2,759,359 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 3,791,000 | 4,388,000 | 3,227,000 | 2,655,000 | 4,960,252 | 3,101,290 | 9,348,083 | 6,803,255 | 3,950,139 | 3,232,827 | 9,421,015 | 4,344,576 | 1,813,216 | 293,868 | 604,067 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 400,000 | 1,865,000 | 3,053,097 | 0 | 0 | 0 | 0 | 334,882 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 530,000 | 561,000 | 568,000 | 776,000 | 465,124 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 10,444,000 | 8,422,000 | 5,982,000 | 6,224,000 | 20,313,762 | 5,780,501 | 145,203 | 1,319,979 | 6,289,654 | 4,013,697 | 1,412,957 | 680,976 | 703,026 | 825,966 | 1,659,260 |
| total current liabilities | 14,765,000 | 13,371,000 | 10,177,000 | 11,520,000 | 28,792,235 | 8,881,791 | 9,493,286 | 8,123,234 | 10,239,793 | 7,581,406 | 10,833,972 | 5,025,552 | 2,516,242 | 1,119,834 | 2,263,327 |
| loans | 4,076,000 | 5,464,000 | 10,432,000 | 13,326,000 | 8,127,134 | 0 | 0 | 0 | 0 | 0 | 0 | 446,510 | 446,510 | 446,510 | 893,020 |
| hp & lease commitments | 2,038,000 | 2,732,000 | 3,616,000 | 4,663,000 | 4,063,567 | 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 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 479,727 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 5,484,000 | 3,875,386 | 1,554,518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,038,000 | 2,732,000 | 5,216,000 | 9,405,000 | 6,480,987 | 777,259 | 0 | 0 | 0 | 0 | 0 | 446,510 | 446,510 | 446,510 | 446,510 |
| total liabilities | 16,803,000 | 16,103,000 | 15,393,000 | 20,925,000 | 35,273,222 | 9,659,050 | 9,493,286 | 8,123,234 | 10,239,793 | 7,581,406 | 10,833,972 | 5,472,062 | 2,962,752 | 1,566,344 | 2,709,837 |
| net assets | 42,518,000 | 31,205,000 | 26,090,000 | 25,563,000 | 8,507,029 | 8,187,134 | 5,286,526 | 4,175,239 | -4,368,175 | -1,538,042 | 318,223 | 188,962 | -129,834 | -231,159 | 49,522 |
| total shareholders funds | 42,518,000 | 31,205,000 | 26,090,000 | 25,563,000 | 8,507,029 | 8,187,134 | 5,286,526 | 4,175,239 | -4,368,175 | -1,538,042 | 318,223 | 188,962 | -129,834 | -231,159 | 49,522 |
| Dec 2023 | 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 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 9,099,000 | 3,838,000 | -663,000 | -6,077,000 | -873,817 | 318,796 | -1,735,209 | -1,960,764 | |||||||
| Depreciation | 488,000 | 347,000 | 415,000 | 1,227,000 | 299,439 | 73,895 | 36,991 | 53,423 | 55,165 | 55,537 | 23,558 | 13,580 | 9,005 | 9,381 | 9,758 |
| Amortisation | 5,449,000 | 5,004,000 | 4,190,000 | 2,852,000 | 1,405,852 | 397,706 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -718,000 | 35,000 | 1,083,000 | 1,487,000 | 1,741,585 | 1,301,490 | 148,463 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 81,000 | 108,000 | -7,000 | -71,992 | -39,391 | 80,951 | -44,473 | 134,811 | -66,055 | 84,868 | 3,643 | -81,199 | -30,665 | -9,030 | 193,532 |
| Debtors | 10,632,000 | 4,981,000 | -2,835,000 | -1,494,932 | 6,422,746 | 2,436,846 | 245,899 | 1,280,438 | 327,825 | -7,398,296 | 5,820,644 | 2,610,603 | 279,238 | -407,065 | 732,054 |
| Creditors | -597,000 | 1,161,000 | 572,000 | -2,305,252 | 1,858,962 | -6,246,793 | 2,544,828 | 2,853,116 | 717,312 | -6,188,188 | 5,076,439 | 2,531,360 | 1,519,348 | -310,199 | 604,067 |
| Accruals and Deferred Income | 2,022,000 | 2,440,000 | -242,000 | -14,089,762 | 14,533,261 | 5,635,298 | -1,174,776 | -4,969,675 | 2,275,957 | 2,600,740 | 731,981 | -22,050 | -122,940 | -833,294 | 1,659,260 |
| Deferred Taxes & Provisions | 0 | 0 | -5,484,000 | 1,608,614 | 2,320,868 | 1,554,518 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,030,000 | 7,736,000 | 2,713,000 | -13,730,476 | 14,902,795 | 312,282 | -2,453,226 | -613,265 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 2,268,000 | 3,479,000 | 0 | 375 | 2,235,625 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | -400,000 | -1,465,000 | -1,188,097 | 3,053,097 | 0 | 0 | 0 | -334,882 | 334,882 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,388,000 | -4,968,000 | -2,894,000 | 5,198,866 | 8,127,134 | 0 | 0 | 0 | 0 | 0 | -446,510 | 0 | 0 | -446,510 | 893,020 |
| Hire Purchase and Lease Commitments | -725,000 | -891,000 | -1,255,000 | 910,309 | 4,528,691 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -479,727 | 479,727 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -114,000 | -238,000 | -442,000 | -333,000 | -145,002 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,530 | 12,295 |
| cash flow from financing | 439,000 | -5,017,000 | -5,507,000 | 26,087,322 | 15,640,776 | 603,273 | 476,411 | 9,983,604 | 230,383 | 605,107 | -446,510 | 0 | 0 | 1,008,018 | 2,903,306 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,876,000 | -1,916,000 | 1,736,000 | -131,872 | 3,750,908 | -6,026,998 | 1,514,977 | 4,908,929 | -470,081 | 2,078,849 | -329,658 | 271,182 | 1,252,561 | -1,011,861 | 1,824,064 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,876,000 | -1,916,000 | 1,736,000 | -131,872 | 3,750,908 | -6,026,998 | 1,514,977 | 4,908,929 | -470,081 | 2,078,849 | -329,658 | 271,182 | 1,252,561 | -1,011,861 | 1,824,064 |
equals money plc Credit Report and Business Information
Equals Money Plc Competitor Analysis
Perform a competitor analysis for equals money plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC4V area or any other competitors across 12 key performance metrics.
equals money plc Ownership
EQUALS MONEY PLC group structure
Equals Money Plc has 1 subsidiary company.
Ultimate parent company
1 parent
EQUALS MONEY PLC
05539698
1 subsidiary
equals money plc directors
Equals Money Plc currently has 7 directors. The longest serving directors include Mr Ian Strafford Taylor (Sep 2006) and Matthijs Boon (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Strafford Taylor | United Kingdom | 64 years | Sep 2006 | - | Director |
| Matthijs Boon | England | 48 years | Aug 2019 | - | Director |
| Mr Darren Kilner | England | 47 years | Jan 2021 | - | Director |
| Mr Simon England | England | 48 years | Jan 2021 | - | Director |
| Mr Andrew Phillips | England | 44 years | Jan 2021 | - | Director |
| Mr Stephen Paul | England | 39 years | Dec 2021 | - | Director |
| Mr James Simcox | United Kingdom | 32 years | May 2022 | - | Director |
P&L
December 2023turnover
68.3m
+41%
operating profit
9.1m
+137%
gross margin
59.6%
+6.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
42.5m
+0.36%
total assets
59.3m
+0.25%
cash
5.6m
-0.25%
net assets
Total assets minus all liabilities
equals money plc company details
company number
05539698
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 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
fairfx plc (September 2022)
fairfx limited (June 2006)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
3rd floor, vintners place, 68 upper thames street, london, EC4V 3BJ
Bank
BARCLAYS BANK PLC
Legal Advisor
BROWNE JACOBSON LLP
equals money 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 2 charges/mortgages relating to equals money plc. Currently there are 0 open charges and 2 have been satisfied in the past.
equals money plc 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.
Click to start generating capital raising & share issue transactions for EQUALS MONEY PLC. This can take several minutes, an email will notify you when this has completed.
equals money plc Companies House Filings - See Documents
| date | description | view/download |
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