Chancellor Financial Management Limited

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chancellor financial management limited Company Information

Live

EstablishedSmallDeclining

Company Number

05766948

Website

www.chancellorfinancial.co.uk

Registered Address

6 the courtyard calvin street, the valley, bolton, BL1 8PB

Industry

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

Telephone

01204526846

Next Accounts Due

February 2025

Group Structure

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Directors

Grant Farnell17 Years

David Torkington7 Years

Shareholders

grant farnell 60%

patricia dawn farnell 30%

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chancellor financial management limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of CHANCELLOR FINANCIAL MANAGEMENT LIMITED at £2.4m based on a Turnover of £1.6m and 1.52x industry multiple (adjusted for size and gross margin).

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Chancellor Financial Management Limited is a live company located in bolton, BL1 8PB with a Companies House number of 05766948. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2006, it's largest shareholder is grant farnell with a 60% stake. Chancellor Financial Management Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Chancellor Financial Management Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£4.4m)

Growth

3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (4.1%)

EXPORT

Chancellor Financial Management Limited's latest turnover from May 2023 is estimated at £1.6 million and the company has net assets of £287.5 thousand. According to their latest financial statements, Chancellor Financial Management Limited has 15 employees and maintains cash reserves of £281.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	1,562,111	1,426,755	1,453,232	1,727,216	1,651,885	1,539,033	1,530,815	189,107	484,189	462,254	502,801	468,778	458,467	430,947
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	633,236	519,793	535,446	631,395	554,953	521,495	531,600	66,949	168,815	176,086	191,598	189,897	189,222	186,390
Gross Profit	928,875	906,962	917,786	1,095,821	1,096,932	1,017,537	999,215	122,158	315,374	286,168	311,203	278,881	269,245	244,557
Admin Expenses	951,942	806,554	867,682	1,068,417	1,171,805	947,054	986,126	1,081,063	-768,722	211,595	242,259	312,163	248,084	52,999
Operating Profit	-23,067	100,408	50,104	27,404	-74,873	70,483	13,089	-958,905	1,084,096	74,573	68,944	-33,282	21,161	191,558
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,360	3,445	270	231	1,895	1,353	608	3,611	3,792	1,489	1,218	1,087	1,020	445
Pre-Tax Profit	-7,707	103,853	50,374	27,636	-72,978	71,836	13,698	-955,294	1,087,888	76,062	70,162	-32,195	22,181	192,003
Tax	0	-19,732	-9,571	-5,251	0	-13,649	-2,603	0	-217,577	-15,973	-16,137	0	-5,767	-53,761
Profit After Tax	-7,707	84,121	40,803	22,385	-72,978	58,187	11,095	-955,294	870,310	60,089	54,025	-32,195	16,414	138,242
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,707	84,121	40,803	22,385	-72,978	58,187	11,095	-955,294	870,310	60,089	54,025	-32,195	16,414	138,242
Employee Costs	1,115,574	1,006,685	1,013,712	1,102,037	1,109,652	1,013,363	1,028,858	122,853	175,752	178,059	177,042	169,773	172,243	167,727
Number Of Employees	15	14	15	16	16	15	16	2	3	3	3	3	3	3
EBITDA*	-10,992	107,747	55,866	34,258	-66,221	76,014	19,334	-953,902	1,087,209	76,230	71,025	-30,544	24,383	196,888

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	86,983	7,832	6,720	10,925	17,047	4,945	10,476	10,793	7,869	2,713	4,370	2,636	5,374	7,497
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	86,983	7,832	6,720	10,925	17,047	4,945	10,476	10,793	7,869	2,713	4,370	2,636	5,374	7,497
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	13,089	3,725	19,060	43,421	30,522	28,059	25,235	23,458	56,599	53,633	53,122	52,538	50,013	53,382
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,753	51,821	44,983	50,224	43,297	71,287	53,504	59,510	0	0	0	0	0	0
Cash	281,412	401,273	287,677	252,376	210,322	294,985	246,205	240,555	1,203,667	313,023	282,708	204,575	230,095	177,970
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	348,254	456,819	351,720	346,021	284,141	394,331	324,944	323,523	1,260,266	366,656	335,830	257,113	280,108	231,352
total assets	435,237	464,651	358,440	356,946	301,188	399,276	335,420	334,316	1,268,135	369,369	340,200	259,749	285,482	238,849
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	7,488	11,404	13,035	17,192	16,188	20,871	26,187	31,756	159,952	132,579	163,185	137,266	130,381	99,862
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	122,847	156,549	133,039	167,392	133,981	156,734	144,730	149,035	0	0	0	0	0	0
total current liabilities	130,335	167,953	146,074	184,584	150,169	177,605	170,917	180,791	159,952	132,579	163,185	137,266	130,381	99,862
loans	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
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	17,399	1,488	1,277	2,076	3,118	792	1,811	1,928	1,292	209	523	16	439	739
total long term liabilities	17,399	1,488	1,277	2,076	3,118	792	1,811	1,928	1,292	209	523	16	439	739
total liabilities	147,734	169,441	147,351	186,660	153,287	178,397	172,728	182,719	161,244	132,788	163,708	137,282	130,820	100,601
net assets	287,503	295,210	211,089	170,286	147,901	220,879	162,692	151,597	1,106,891	236,581	176,492	122,467	154,662	138,248
total shareholders funds	287,503	295,210	211,089	170,286	147,901	220,879	162,692	151,597	1,106,891	236,581	176,492	122,467	154,662	138,248

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-23,067	100,408	50,104	27,404	-74,873	70,483	13,089	-958,905	1,084,096	74,573	68,944	-33,282	21,161	191,558
Depreciation	12,075	7,339	5,762	6,854	8,652	5,531	6,245	5,003	3,113	1,657	2,081	2,738	3,222	5,330
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-19,732	-9,571	-5,251	0	-13,649	-2,603	0	-217,577	-15,973	-16,137	0	-5,767	-53,761
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	11,296	-8,497	-29,602	19,826	-25,527	20,607	-4,229	26,369	2,966	511	584	2,525	-3,369	53,382
Creditors	-3,916	-1,631	-4,157	1,004	-4,683	-5,316	-5,569	-128,196	27,373	-30,606	25,919	6,885	30,519	99,862
Accruals and Deferred Income	-33,702	23,510	-34,353	33,411	-22,753	12,004	-4,305	149,035	0	0	0	0	0	0
Deferred Taxes & Provisions	15,911	211	-799	-1,042	2,326	-1,019	-117	636	1,083	-314	507	-423	-300	739
Cash flow from operations	-43,995	118,602	36,588	42,554	-65,804	47,427	10,969	-958,796	895,122	28,826	80,730	-26,607	52,204	190,346
Investing Activities
capital expenditure	-91,226	-8,451	-1,557	-732	-20,754	0	-5,928	-7,927	-8,269	0	-3,815	0	-1,099	-12,827
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-91,226	-8,451	-1,557	-732	-20,754	0	-5,928	-7,927	-8,269	0	-3,815	0	-1,099	-12,827
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	0	0	0	0	0	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	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	6
interest	15,360	3,445	270	231	1,895	1,353	608	3,611	3,792	1,489	1,218	1,087	1,020	445
cash flow from financing	15,360	3,445	270	231	1,895	1,353	608	3,611	3,792	1,489	1,218	1,087	1,020	451
cash and cash equivalents
cash	-119,861	113,596	35,301	42,054	-84,663	48,780	5,650	-963,112	890,644	30,315	78,133	-25,520	52,125	177,970
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-119,861	113,596	35,301	42,054	-84,663	48,780	5,650	-963,112	890,644	30,315	78,133	-25,520	52,125	177,970

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CHANCELLOR FINANCIAL MANAGEMENT LIMITED group structure

Chancellor Financial Management Limited has no subsidiary companies.

Ultimate parent company

CHANCELLOR FINANCIAL MANAGEMENT LIMITED

05766948

CHANCELLOR FINANCIAL MANAGEMENT LIMITED Shareholders

grant farnell	60%
patricia dawn farnell	30%
david alan torkington	10%

Chancellor Financial Management Limited currently has 2 directors. The longest serving directors include Mr Grant Farnell (Nov 2006) and Mr David Torkington (Jun 2017).

officer	country	age	start	end	role
Mr Grant Farnell		57 years	Nov 2006	-	Director
Mr David Torkington		58 years	Jun 2017	-	Director

P&L

May 2023

turnover

1.6m

+9%

operating profit

-23.1k

gross margin

59.5%

-6.46%

turnover

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

Balance Sheet

May 2023

net assets

287.5k

-0.03%

total assets

435.2k

-0.06%

cash

281.4k

-0.3%

net assets

Total assets minus all liabilities

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company number

05766948

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

April 2006

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

6 the courtyard calvin street, the valley, bolton, BL1 8PB

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chancellor financial management limited Company Information

chancellor financial management limited Estimated Valuation

chancellor financial management limited Estimated Valuation

chancellor financial management limited Estimated Valuation

Chancellor Financial Management Limited Overview

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CHANCELLOR FINANCIAL MANAGEMENT LIMITED financials

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