Tandem Home Loans Limited

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tandem home loans limited Company Information

Live

EstablishedMidDeclining

Company Number

05667257

Next Accounts

Sep 2025

Industry

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

Directors

Alexander Mollart

Stephen Beard

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Shareholders

oplo group ltd

Group Structure

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Contact

Registered Address

viscount court, sir frank whittle way, blackpool, FY4 2FB

Website

www.1ststop.co.uk

tandem home loans limited Estimated Valuation

£101m

Pomanda estimates the enterprise value of TANDEM HOME LOANS LIMITED at £101m based on an EBITDA of £15.5m and a 6.51x industry multiple (adjusted for size and gross margin).

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Tandem Home Loans Limited is a live company located in blackpool, FY4 2FB with a Companies House number of 05667257. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2006, it's largest shareholder is oplo group ltd with a 100% stake. Tandem Home Loans Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.9m with declining growth in recent years.

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

Health Rating3out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £18.9m, make it larger than the average company (£5.4m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (5%)

EXPORT

Tandem Home Loans Limited's latest turnover from December 2023 is £18.9 million and the company has net assets of £5.4 million. According to their latest financial statements, we estimate that Tandem Home Loans Limited has 82 employees and maintains cash reserves of £4.9 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	18,905,757	23,824,274	28,513,693	28,591,165	21,472,239	15,230,622	8,596,218	6,659,875	4,770,968	3,063,815	3,408,147	2,556,850	1,468,010	1,181,426	1,218,828
Other Income Or Grants	63,287	461,713	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,691,200	15,808,613	7,201,940	2,583,149	2,138,285	1,798,814	1,372,633	1,990,025	1,470,082	649,501	1,008,170	571,180	41,773	69,840	469,002
Gross Profit	9,277,844	8,477,374	21,311,753	26,008,016	19,333,954	13,431,808	7,223,585	4,669,850	3,300,886	2,414,314	2,399,977	1,985,670	1,426,237	1,111,586	749,826
Admin Expenses	-6,236,345	-9,547,017	-498,813	8,691,688	6,074,165	3,480,292	2,539,249	2,587,905	2,014,126	1,316,053	1,061,157	1,028,327	772,977	643,327	588,594
Operating Profit	15,514,189	18,024,391	21,810,566	17,316,328	13,259,789	9,951,516	4,684,336	2,081,945	1,286,760	1,098,261	1,338,820	957,343	653,260	468,259	161,232
Interest Payable	0	0	0	7,607,428	7,154,250	4,252,643	6,235,665	0	1,602,032	1,050,952	727,547	561,914	481,673	294,190	145,694
Interest Receivable	0	0	0	0	0	0	9,418	12,500	12,894	6,233	6,766	0	0	0	0
Pre-Tax Profit	7,568,184	3,625,156	10,356,803	9,708,900	6,105,539	5,698,873	-1,541,911	-784,949	-302,378	53,542	618,039	395,429	171,587	174,069	15,538
Tax	-1,590,521	-939,460	-1,975,234	-1,859,477	-1,159,745	-1,109,899	8,586	141,532	180,207	-143,689	-140,248	-87,867	-47,370	-45,022	-3,229
Profit After Tax	5,977,663	2,685,696	8,381,569	7,849,423	4,945,794	4,588,974	-1,533,325	-643,417	-122,171	-90,147	477,791	307,562	124,217	129,047	12,309
Dividends Paid	7,300,000	17,851,000	0	0	0	0	0	25,000	125,000	200,000	100,000	200,000	100,000	100,000	0
Retained Profit	-1,322,337	-15,165,304	8,381,569	7,849,423	4,945,794	4,588,974	-1,533,325	-668,417	-247,171	-290,147	377,791	107,562	24,217	29,047	12,309
Employee Costs	6,896,462	8,459,812	9,877,468	1,624,613	1,383,947	1,019,738	832,260	661,426	1,396,085	930,173	1,123,769	806,258	447,544	390,934	393,727
Number Of Employees	82	107	128	152	107	77	44	23	23	16	19	14	8	7	7
EBITDA*	15,514,362	18,027,263	21,917,081	17,393,019	13,377,932	10,101,340	4,843,439	2,226,508	1,420,445	1,197,737	1,294,564	983,434	672,347	480,859	165,011

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	173	3,045	109,560	186,251	285,350	413,124	306,721	381,251	379,799	287,048	63,377	78,809	96,618	98,308
Intangible Assets	0	0	0	0	0	11,138	30,383	49,627	109,938	153,441	79,634	-87,559	-112,576	-137,592	-162,608
Investments & Other	0	0	0	0	0	0	250,000	250,000	250,000	250,000	250,000	0	0	0	0
Debtors (Due After 1 year)	84,413,992	117,924,259	264,824,673	215,945,710	137,098,256	87,457,221	45,649,553	21,698,102	14,067,823	7,163,904	5,128,830	5,629,052	3,806,622	2,896,528	1,582,153
Total Fixed Assets	84,413,992	117,924,432	264,827,718	216,055,270	137,284,507	87,753,709	46,343,060	22,304,450	14,809,012	7,947,144	5,745,512	5,604,870	3,772,855	2,855,554	1,517,853
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	0	0	0	0	0	0	0	0	0	0	150	0	0	0
Group Debtors	84,494	1,286,746	0	0	0	0	0	0	0	150	150	0	0	0	0
Misc Debtors	12,245,532	15,295,587	54,020,636	19,974,897	13,352,739	65,349	2,714,210	9,053,547	5,017,534	3,678,284	2,459,066	2,039,482	1,416,825	592,211	436,461
Cash	4,862,080	8,022,547	1,406,667	995,755	721,989	595,743	1,419,502	597,080	1,661,061	751,342	727,155	221,678	171,289	193,026	73,502
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,192,106	24,604,880	55,427,303	20,970,652	14,074,728	661,092	4,133,712	9,650,627	6,678,595	4,429,776	3,186,371	2,261,310	1,588,114	785,237	509,963
total assets	101,606,098	142,529,312	320,255,021	237,025,922	151,359,235	88,414,801	50,476,772	31,955,077	21,487,607	12,376,920	8,931,883	7,866,180	5,360,969	3,640,791	2,027,816
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	259	7,888	0	254	590,752	566,501	224,180	124,013	273,177	129,300	96,612	35,899	113,297	36,621	13,197
Group/Directors Accounts	45,107,478	45,892,600	71,601,389	0	0	0	2,285,526	0	9,561	0	0	0	0	0	3,667
other short term finances	0	0	0	0	0	0	0	0	51,353	13,333	2,214,350	1,574,932	1,316,314	610,831	211,521
hp & lease commitments	0	0	0	0	0	0	0	31,389	47,020	89,703	19,545	0	9,340	13,439	25,249
other current liabilities	394,886	561,891	1,322,914	1,460,147	262,459	454,968	593,501	3,294,186	2,268,479	1,345,154	141,658	224,275	119,384	83,330	43,159
total current liabilities	45,502,623	46,462,379	72,924,303	1,460,401	853,211	1,021,469	3,103,207	3,449,588	2,649,590	1,577,490	2,472,165	1,835,106	1,558,335	744,221	296,793
loans	50,743,380	89,384,501	223,746,624	220,362,996	143,152,922	84,947,330	49,555,231	29,153,830	18,785,772	10,450,271	5,845,127	5,851,471	3,724,982	2,842,111	1,708,254
hp & lease commitments	0	0	0	0	0	0	0	0	32,169	50,000	32,042	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	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	38,694	0	0	0	31,912	25,155	0	5,611	6,635	3,992
total long term liabilities	50,743,380	89,384,501	223,746,624	220,362,996	143,152,922	84,986,024	49,555,231	29,153,830	18,817,941	10,532,183	5,902,324	5,851,471	3,730,593	2,848,746	1,712,246
total liabilities	96,246,003	135,846,880	296,670,927	221,823,397	144,006,133	86,007,493	52,658,438	32,603,418	21,467,531	12,109,673	8,374,489	7,686,577	5,288,928	3,592,967	2,009,039
net assets	5,360,095	6,682,432	23,584,094	15,202,525	7,353,102	2,407,308	-2,181,666	-648,341	20,076	267,247	557,394	179,603	72,041	47,824	18,777
total shareholders funds	5,360,095	6,682,432	23,584,094	15,202,525	7,353,102	2,407,308	-2,181,666	-648,341	20,076	267,247	557,394	179,603	72,041	47,824	18,777

	Dec 2023	Dec 2022	Dec 2021	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	15,514,189	18,024,391	21,810,566	17,316,328	13,259,789	9,951,516	4,684,336	2,081,945	1,286,760	1,098,261	1,338,820	957,343	653,260	468,259	161,232
Depreciation	173	2,872	106,515	76,691	107,006	130,579	139,858	125,317	114,440	91,367	43,303	51,108	44,103	37,616	28,795
Amortisation	0	0	0	0	11,137	19,245	19,245	19,246	19,245	8,109	-87,559	-25,017	-25,016	-25,016	-25,016
Tax	-1,590,521	-939,460	-1,975,234	-1,859,477	-1,159,745	-1,109,899	8,586	141,532	180,207	-143,689	-140,248	-87,867	-47,370	-45,022	-3,229
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-37,762,574	-184,338,717	168,394,314	85,469,612	62,928,425	39,158,807	17,612,114	11,666,292	8,243,019	3,254,292	-80,638	2,445,237	1,734,708	1,470,125	2,018,614
Creditors	-7,629	7,888	-590,752	-590,498	24,251	342,321	100,167	-149,164	143,877	32,688	60,713	-77,398	76,676	23,424	13,197
Accruals and Deferred Income	-167,005	-761,023	1,060,455	1,197,688	-192,509	-138,533	-2,700,685	1,025,707	923,325	1,203,496	-82,617	104,891	36,054	40,171	43,159
Deferred Taxes & Provisions	0	0	0	0	-38,694	38,694	0	0	-31,912	6,757	25,155	-5,611	-1,024	2,643	3,992
Cash flow from operations	51,511,781	200,673,385	-147,982,764	-69,328,880	-50,917,190	-29,924,884	-15,360,607	-8,421,709	-5,607,077	-957,303	1,238,205	-1,527,788	-998,025	-968,050	-1,796,484
Investing Activities
capital expenditure	0	0	0	0	0	247,195	-246,261	0	-91,634	-266,034	-346,608	-35,676	-26,294	-35,926	60,521
Change in Investments	0	0	0	0	0	-250,000	0	0	0	0	250,000	0	0	0	0
cash flow from investments	0	0	0	0	0	497,195	-246,261	0	-91,634	-266,034	-596,608	-35,676	-26,294	-35,926	60,521
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-785,122	-25,708,789	71,601,389	0	0	-2,285,526	2,285,526	-9,561	9,561	0	0	0	0	-3,667	3,667
Other Short Term Loans	0	0	0	0	0	0	0	-51,353	38,020	-2,201,017	639,418	258,618	705,483	399,310	211,521
Long term loans	-38,641,121	-134,362,123	80,593,702	77,210,074	58,205,592	35,392,099	20,401,401	10,368,058	8,335,501	4,605,144	-6,344	2,126,489	882,871	1,133,857	1,708,254
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-31,389	-47,800	-60,514	88,116	51,587	-9,340	-4,099	-11,810	25,249
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-1,736,358	7,849,423	0	0	0	0	0	0	0	0	0	0	0	6,468
interest	0	0	0	-7,607,428	-7,154,250	-4,252,643	-6,226,247	12,500	-1,589,138	-1,044,719	-720,781	-561,914	-481,673	-294,190	-145,694
cash flow from financing	-39,426,243	-161,807,270	160,044,514	69,602,646	51,051,342	28,853,930	16,429,291	10,271,844	6,733,430	1,447,524	-36,120	1,813,853	1,102,582	1,223,500	1,809,465
cash and cash equivalents
cash	-3,160,467	6,615,880	684,678	273,766	126,246	-823,759	822,422	-1,063,981	909,719	24,187	505,477	50,389	-21,737	119,524	73,502
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-3,160,467	6,615,880	684,678	273,766	126,246	-823,759	822,422	-1,063,981	909,719	24,187	505,477	50,389	-21,737	119,524	73,502

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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TANDEM HOME LOANS LIMITED group structure

Tandem Home Loans Limited has no subsidiary companies.

Ultimate parent company

TANDEM MONEY LIMITED

08628614

OPLO GROUP LTD

05438114

2 parents

TANDEM HOME LOANS LIMITED

05667257

TANDEM HOME LOANS LIMITED Shareholders

oplo group ltd

100%

Tandem Home Loans Limited currently has 3 directors. The longest serving directors include Mr Alexander Mollart (Jan 2006) and Mr Stephen Beard (Jun 2014).

officer	country	age	start	end	role
Mr Alexander Mollart	United Kingdom	49 years	Jan 2006	-	Director
Mr Stephen Beard	United Kingdom	47 years	Jun 2014	-	Director
Ms Susannah Aliker		58 years	Jan 2022	-	Director

P&L

December 2023

turnover

18.9m

-21%

operating profit

15.5m

gross margin

49.1%

+37.91%

turnover

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

Balance Sheet

December 2023

net assets

5.4m

-0.2%

total assets

101.6m

-0.29%

cash

4.9m

-0.39%

net assets

Total assets minus all liabilities

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company number

05667257

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

January 2006

ultimate parent company

TANDEM MONEY LIMITED

previous names

oplo hl ltd (January 2023)

1st stop home loans limited (August 2020)

address

viscount court, sir frank whittle way, blackpool, FY4 2FB

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 20 charges/mortgages relating to tandem home loans limited. Currently there are 2 open charges and 18 have been satisfied in the past.

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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tandem home loans limited Company Information

tandem home loans limited Estimated Valuation

tandem home loans limited Estimated Valuation

tandem home loans limited Estimated Valuation

Tandem Home Loans Limited Overview

Tandem Home Loans Limited Health Check

TANDEM HOME LOANS LIMITED financials

tandem home loans limited Credit Report and Business Information

Tandem Home Loans Limited Competitor Analysis

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tandem home loans limited company details

tandem home loans limited Charges & Mortgages

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