short term finance limited
short term finance limited Company Information
Company Number
05814748
Website
www.shorttermfinanceltd.comRegistered Address
82 st john street, london, EC1M 4JN
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Telephone
01213822700
Next Accounts Due
352 days late
Group Structure
View All
Shareholders
adrian paul rhodes 60%
mark adrian rhodes 30.4%
View Allshort term finance limited Estimated Valuation
Pomanda estimates the enterprise value of SHORT TERM FINANCE LIMITED at £8.1m based on a Turnover of £5.4m and 1.49x industry multiple (adjusted for size and gross margin).
short term finance limited Estimated Valuation
Pomanda estimates the enterprise value of SHORT TERM FINANCE LIMITED at £0 based on an EBITDA of £-137.4k and a 5.71x industry multiple (adjusted for size and gross margin).
short term finance limited Estimated Valuation
Pomanda estimates the enterprise value of SHORT TERM FINANCE LIMITED at £2.1m based on Net Assets of £1.1m and 1.85x industry multiple (adjusted for liquidity).
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Short Term Finance Limited Overview
Short Term Finance Limited is a live company located in london, EC1M 4JN with a Companies House number of 05814748. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in May 2006, it's largest shareholder is adrian paul rhodes with a 60% stake. Short Term Finance Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.4m with declining growth in recent years.
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Short Term Finance Limited Health Check
Pomanda's financial health check has awarded Short Term Finance Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £5.4m, make it larger than the average company (£2.6m)
- Short Term Finance Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (5.2%)
- Short Term Finance Limited
5.2% - Industry AVG
Production
with a gross margin of 70.3%, this company has a comparable cost of product (70.3%)
- Short Term Finance Limited
70.3% - Industry AVG
Profitability
an operating margin of -4.9% make it less profitable than the average company (26.6%)
- Short Term Finance Limited
26.6% - Industry AVG
Employees
with 29 employees, this is above the industry average (8)
29 - Short Term Finance Limited
8 - Industry AVG
Pay Structure
on an average salary of £62.5k, the company has an equivalent pay structure (£62.5k)
- Short Term Finance Limited
£62.5k - Industry AVG
Efficiency
resulting in sales per employee of £187.3k, this is less efficient (£330k)
- Short Term Finance Limited
£330k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is earlier than average (416 days)
- Short Term Finance Limited
416 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (33 days)
- Short Term Finance Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Short Term Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (18 weeks)
42 weeks - Short Term Finance Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.9%, this is a lower level of debt than the average (88.1%)
31.9% - Short Term Finance Limited
88.1% - Industry AVG
SHORT TERM FINANCE LIMITED financials
Short Term Finance Limited's latest turnover from September 2021 is estimated at £5.4 million and the company has net assets of £1.1 million. According to their latest financial statements, Short Term Finance Limited has 29 employees and maintains cash reserves of £370.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,788,607 | 5,255,593 | 4,883,212 | |||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 3,153,431 | 2,584,849 | 2,894,856 | |||||||||
| Gross Profit | 2,635,176 | 2,670,744 | 1,988,356 | |||||||||
| Admin Expenses | 2,087,835 | 1,875,589 | 1,754,469 | |||||||||
| Operating Profit | 547,341 | 795,155 | 233,887 | |||||||||
| Interest Payable | 79,739 | 92,441 | 168,252 | |||||||||
| Interest Receivable | 0 | 0 | 416,146 | |||||||||
| Pre-Tax Profit | 467,602 | 702,714 | 481,781 | |||||||||
| Tax | -31,211 | -145,577 | -112,273 | |||||||||
| Profit After Tax | 436,391 | 557,137 | 369,508 | |||||||||
| Dividends Paid | 100,000 | 0 | 0 | |||||||||
| Retained Profit | 336,391 | 557,137 | 369,508 | |||||||||
| Employee Costs | 1,636,861 | 1,334,358 | ||||||||||
| Number Of Employees | 29 | 33 | 41 | 51 | 52 | 48 | 48 | |||||
| EBITDA* | 664,436 | 889,431 | 343,565 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 216,676 | 506,035 | 555,469 | 554,073 | 343,211 | 253,403 | 235,068 | 262,917 | 265,278 | 202,636 | 145,573 | 303,604 |
| Intangible Assets | 15,367 | 27,893 | 40,378 | 71,815 | 30,782 | 43,008 | 0 | 0 | 0 | 34,685 | 0 | 0 |
| Investments & Other | 0 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 | 10,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 232,043 | 543,928 | 605,847 | 635,888 | 383,993 | 306,411 | 245,068 | 272,917 | 275,278 | 247,321 | 155,573 | 313,604 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 3,466 | 3,466 | 3,466 | 3,316 | 3,312 | 3,312 | 2,438 |
| Trade Debtors | 920,763 | 677,755 | 2,268,974 | 2,144,261 | 2,136,632 | 2,050,874 | 2,285,603 | 2,874,706 | 3,419,040 | 4,175,493 | 4,392,128 | 2,725,444 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 104,918 | 72,374 | 221,645 | 159,118 | 139,226 | 197,328 | 141,599 | 0 | 0 | 0 | 0 | 1,795,570 |
| Cash | 370,071 | 689,745 | 742,811 | 891,688 | 604,060 | 443,516 | 489,064 | 411,714 | 237,219 | 173,536 | 140,818 | 92,461 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,395,752 | 1,439,874 | 3,233,430 | 3,195,067 | 2,879,918 | 2,695,184 | 2,919,732 | 3,289,886 | 3,659,575 | 4,352,341 | 4,536,258 | 4,615,913 |
| total assets | 1,627,795 | 1,983,802 | 3,839,277 | 3,830,955 | 3,263,911 | 3,001,595 | 3,164,800 | 3,562,803 | 3,934,853 | 4,599,662 | 4,691,831 | 4,929,517 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 420,000 | 420,000 | 360,000 | 750,334 | 2,086,917 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 86,496 | 44,541 | 95,357 | 70,544 | 73,351 | 74,718 | 94,574 | 92,675 | 1,663,379 | 1,789,257 | 2,130,189 | 2,458,669 |
| Group/Directors Accounts | 0 | 10,000 | 505,000 | 735,600 | 630,000 | 910,000 | 610,000 | 800,189 | 0 | 0 | 0 | 542 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 89,353 | 100,801 | 16,301 | 28,441 | 22,196 | 25,834 | 57,609 | 26,023 | 0 | 0 |
| other current liabilities | 361,164 | 481,209 | 473,716 | 331,033 | 349,332 | 334,541 | 445,404 | 409,693 | 0 | 0 | 0 | 0 |
| total current liabilities | 447,660 | 535,750 | 1,163,426 | 1,237,978 | 1,068,984 | 1,347,700 | 1,592,174 | 1,748,391 | 2,080,988 | 2,565,614 | 4,217,106 | 2,459,211 |
| loans | 0 | 0 | 0 | 125,000 | 200,000 | 0 | 265,000 | 685,000 | 1,105,000 | 1,465,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 154,464 | 33,363 | 58,883 | 46,450 | 45,177 | 118,690 | 52,520 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,720 | 2,118,757 |
| provisions | 70,870 | 70,870 | 96,779 | 80,741 | 49,186 | 22,653 | 25,208 | 25,208 | 7,006 | 0 | 0 | 0 |
| total long term liabilities | 70,870 | 70,870 | 96,779 | 360,205 | 282,549 | 81,536 | 336,658 | 755,385 | 1,230,696 | 1,517,520 | 33,720 | 2,118,757 |
| total liabilities | 518,530 | 606,620 | 1,260,205 | 1,598,183 | 1,351,533 | 1,429,236 | 1,928,832 | 2,503,776 | 3,311,684 | 4,083,134 | 4,250,826 | 4,577,968 |
| net assets | 1,109,265 | 1,377,182 | 2,579,072 | 2,232,772 | 1,912,378 | 1,572,359 | 1,235,968 | 1,059,027 | 623,169 | 516,528 | 441,005 | 351,549 |
| total shareholders funds | 1,109,265 | 1,377,182 | 2,579,072 | 2,232,772 | 1,912,378 | 1,572,359 | 1,235,968 | 1,059,027 | 623,169 | 516,528 | 441,005 | 351,549 |
| Sep 2021 | Sep 2020 | Sep 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | 547,341 | 795,155 | 233,887 | |||||||||
| Depreciation | 118,517 | 147,312 | 240,917 | 157,353 | 127,779 | 111,143 | 94,276 | 109,678 | 82,916 | 74,673 | 113,609 | 181,776 |
| Amortisation | 12,526 | 22,042 | 31,172 | 21,387 | 18,017 | 5,952 | 0 | 0 | 34,685 | 0 | 0 | 0 |
| Tax | -31,211 | -145,577 | -112,273 | |||||||||
| Stock | 0 | 0 | 0 | 0 | -3,466 | 0 | 0 | 150 | 4 | 0 | 874 | 2,438 |
| Debtors | 275,552 | -1,740,490 | 187,240 | 27,521 | 27,656 | -179,000 | -447,504 | -544,334 | -756,453 | -216,635 | -128,886 | 4,521,014 |
| Creditors | 41,955 | -50,816 | 24,813 | -2,807 | -1,367 | -19,856 | 1,899 | -1,570,704 | -125,878 | -340,932 | -328,480 | 2,458,669 |
| Accruals and Deferred Income | -120,045 | 7,493 | 142,683 | -18,299 | 14,791 | -110,863 | 35,711 | 409,693 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | -25,909 | 16,038 | 31,555 | 26,533 | -2,555 | 0 | 18,202 | 7,006 | 0 | 0 | 0 |
| Cash flow from operations | 678,951 | 1,228,968 | -367,333 | |||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -10,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -10,000 | -495,000 | -230,600 | 105,600 | -280,000 | 300,000 | -190,189 | 800,189 | 0 | 0 | -542 | 542 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -125,000 | -75,000 | 200,000 | -265,000 | -420,000 | -420,000 | -360,000 | 1,465,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -89,353 | -165,912 | 205,601 | -37,660 | 18,678 | -2,365 | -105,288 | 97,756 | 78,543 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,720 | -2,085,037 | 2,118,757 |
| share issue | ||||||||||||
| interest | -79,739 | -92,441 | 247,894 | |||||||||
| cash flow from financing | -26,061 | -1,085,191 | 589,145 | |||||||||
| cash and cash equivalents | ||||||||||||
| cash | -319,674 | -53,066 | -148,877 | 287,628 | 160,544 | -45,548 | 77,350 | 174,495 | 63,683 | 32,718 | 48,357 | 92,461 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -420,000 | 0 | 60,000 | -390,334 | -1,336,583 | 2,086,917 | 0 |
| change in cash | -319,674 | -53,066 | -148,877 | 287,628 | 160,544 | 374,452 | 77,350 | 114,495 | 454,017 | 1,369,301 | -2,038,560 | 92,461 |
short term finance limited Credit Report and Business Information
Short Term Finance Limited Competitor Analysis
Perform a competitor analysis for short term finance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
short term finance limited Ownership
SHORT TERM FINANCE LIMITED group structure
Short Term Finance Limited has 1 subsidiary company.
Ultimate parent company
SHORT TERM FINANCE LIMITED
05814748
1 subsidiary
short term finance limited directors
Short Term Finance Limited currently has 4 directors. The longest serving directors include Mr Adrian Rhodes (Jul 2006) and Mr Darren Baines (Jul 2006).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adrian Rhodes | 92 years | Jul 2006 | - | Director | |
| Mr Darren Baines | England | 53 years | Jul 2006 | - | Director |
| Mr Mark Rhodes | 67 years | Jul 2006 | - | Director | |
| Mr Adam Rhodes | England | 62 years | Mar 2014 | - | Director |
P&L
September 2021turnover
5.4m
-5%
operating profit
-268.4k
0%
gross margin
70.3%
+2.82%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
1.1m
-0.19%
total assets
1.6m
-0.18%
cash
370.1k
-0.46%
net assets
Total assets minus all liabilities
Similar Companies
short term finance limited company details
company number
05814748
Type
Private limited with Share Capital
industry
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
May 2006
age
18
accounts
Total Exemption Full
ultimate parent company
previous names
flaskearth limited (October 2006)
incorporated
UK
address
82 st john street, london, EC1M 4JN
last accounts submitted
September 2021
short term finance limited 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 short term finance limited. Currently there are 0 open charges and 2 have been satisfied in the past.
short term finance limited Companies House Filings - See Documents
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