ludgate funding plc
ludgate funding plc Company Information
Company Number
05950192
Next Accounts
Jun 2025
Shareholders
ludgate funding holdings limited
apex trust nominees no.1 limited
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
4th floor,, 140 aldersgate street, london, EC1A 4HY
Website
-ludgate funding plc Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE FUNDING PLC at £27m based on a Turnover of £20.7m and 1.3x industry multiple (adjusted for size and gross margin).
ludgate funding plc Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE FUNDING PLC at £330.5m based on an EBITDA of £73.5m and a 4.5x industry multiple (adjusted for size and gross margin).
ludgate funding plc Estimated Valuation
Pomanda estimates the enterprise value of LUDGATE FUNDING PLC at £28.7k based on Net Assets of £22k and 1.31x industry multiple (adjusted for liquidity).
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Ludgate Funding Plc Overview
Ludgate Funding Plc is a live company located in london, EC1A 4HY with a Companies House number of 05950192. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in September 2006, it's largest shareholder is ludgate funding holdings limited with a 100% stake. Ludgate Funding Plc is a established, large sized company, Pomanda has estimated its turnover at £20.7m with high growth in recent years.
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Ludgate Funding Plc Health Check
Pomanda's financial health check has awarded Ludgate Funding Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
3 Weak
Size
annual sales of £20.7m, make it larger than the average company (£5.6m)
£20.7m - Ludgate Funding Plc
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (5%)
30% - Ludgate Funding Plc
5% - Industry AVG
Production
with a gross margin of 22.6%, this company has a higher cost of product (54.1%)
22.6% - Ludgate Funding Plc
54.1% - Industry AVG
Profitability
an operating margin of 354.5% make it more profitable than the average company (9.1%)
354.5% - Ludgate Funding Plc
9.1% - Industry AVG
Employees
with 4 employees, this is below the industry average (14)
4 - Ludgate Funding Plc
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Ludgate Funding Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £5.2m, this is more efficient (£223.3k)
£5.2m - Ludgate Funding Plc
£223.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Ludgate Funding Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Ludgate Funding Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ludgate Funding Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 149 weeks, this is more cash available to meet short term requirements (29 weeks)
149 weeks - Ludgate Funding Plc
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (71.4%)
100% - Ludgate Funding Plc
71.4% - Industry AVG
LUDGATE FUNDING PLC financials
Ludgate Funding Plc's latest turnover from December 2023 is £20.7 million and the company has net assets of £22 thousand. According to their latest financial statements, Ludgate Funding Plc has 4 employees and maintains cash reserves of £25.6 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 20,739,000 | 17,549,000 | 8,559,000 | 9,510,000 | 13,393,000 | 14,905,000 | 14,678,000 | 14,761,000 | 17,414,000 | 18,398,000 | 19,216,000 | 19,981,000 | 20,740,000 | 21,835,000 | 23,984,000 |
| Other Income Or Grants | 88,000 | ||||||||||||||
| Cost Of Sales | 16,050,000 | 4,841,000 | 1,604,000 | 3,031,000 | 4,703,000 | 4,750,000 | 3,869,000 | 5,143,000 | 6,047,000 | 6,793,000 | 6,991,000 | 10,726,000 | 12,885,000 | 10,623,000 | 20,179,000 |
| Gross Profit | 4,689,000 | 12,708,000 | 6,955,000 | 6,567,000 | 8,690,000 | 10,155,000 | 10,809,000 | 9,618,000 | 11,367,000 | 11,605,000 | 12,225,000 | 9,255,000 | 7,855,000 | 11,212,000 | 3,805,000 |
| Admin Expenses | -3,304,000 | -7,036,000 | |||||||||||||
| Operating Profit | 14,516,000 | 10,841,000 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 3,714,000 | 13,595,000 | 1,000 | -5,324,000 | 10,168,000 | 14,516,000 | 10,841,000 |
| Tax | |||||||||||||||
| Profit After Tax | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 3,714,000 | 13,595,000 | 1,000 | -5,324,000 | 10,168,000 | 14,516,000 | 10,841,000 |
| Dividends Paid | |||||||||||||||
| Retained Profit | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 3,714,000 | 13,595,000 | 1,000 | -5,324,000 | 10,168,000 | 14,516,000 | 10,841,000 |
| Employee Costs | |||||||||||||||
| Number Of Employees | 4 | 4 | |||||||||||||
| EBITDA* | 14,516,000 | 10,841,000 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 270,960,000 | 315,044,000 | 353,256,000 | 392,042,000 | 433,605,000 | 474,046,000 | 530,486,000 | 580,383,000 | 631,474,000 | 670,798,000 | |||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 270,960,000 | 315,044,000 | 353,256,000 | 392,042,000 | 433,605,000 | 474,046,000 | 530,486,000 | 580,383,000 | 631,474,000 | 670,798,000 | |||||
| Debtors (Due After 1 year) | 707,979,000 | 731,214,000 | 757,973,000 | 785,525,000 | 822,858,000 | ||||||||||
| Total Fixed Assets | 270,960,000 | 315,044,000 | 353,256,000 | 392,042,000 | 433,605,000 | 474,046,000 | 530,486,000 | 580,383,000 | 631,474,000 | 670,798,000 | 707,979,000 | 731,214,000 | 757,973,000 | 785,525,000 | 822,858,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 211,000 | 211,000 | 211,000 | 211,000 | 255,000 | 52,000 | 34,682,000 | 28,334,000 | 48,190,000 | 51,960,000 | 62,785,000 | ||||
| Cash | 25,558,000 | 29,658,000 | 23,527,000 | 29,159,000 | 28,931,000 | 34,779,000 | 34,685,000 | 28,961,000 | 51,468,000 | 48,048,000 | 46,704,000 | 42,161,000 | 29,197,000 | 18,383,000 | 19,798,000 |
| misc current assets | 23,244,000 | 28,719,000 | 35,841,000 | 47,346,000 | 34,223,000 | 49,519,000 | 45,696,000 | 42,133,000 | 12,923,000 | 18,368,000 | |||||
| total current assets | 48,802,000 | 58,377,000 | 59,368,000 | 76,716,000 | 63,365,000 | 84,509,000 | 80,592,000 | 71,349,000 | 64,443,000 | 66,416,000 | 81,386,000 | 70,495,000 | 77,387,000 | 70,343,000 | 82,583,000 |
| total assets | 319,762,000 | 373,421,000 | 412,624,000 | 468,758,000 | 496,970,000 | 558,555,000 | 611,078,000 | 651,732,000 | 695,917,000 | 737,214,000 | 789,365,000 | 801,709,000 | 835,360,000 | 855,868,000 | 905,441,000 |
| Bank overdraft | 14,436,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 11,072,000 | ||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 2,326,000 | 6,825,000 | 4,441,000 | 2,892,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 6,565,000 | 5,563,000 | 5,157,000 | 9,712,000 | 10,839,000 | 12,844,000 | 3,839,000 | 32,013,000 | 29,371,000 | 24,028,000 | 24,368,000 | 4,688,000 | 3,638,000 | 3,440,000 | |
| total current liabilities | 8,891,000 | 5,563,000 | 5,157,000 | 11,072,000 | 9,712,000 | 10,839,000 | 12,844,000 | 3,839,000 | 32,013,000 | 29,371,000 | 30,853,000 | 28,809,000 | 19,124,000 | 3,638,000 | 6,332,000 |
| loans | 608,760,000 | 721,494,000 | 814,894,000 | 915,334,000 | 974,480,000 | 547,699,000 | 598,218,000 | 647,878,000 | 1,327,780,000 | 711,543,000 | 775,807,000 | 790,196,000 | 828,208,000 | 874,370,000 | 935,765,000 |
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 6,469,000 | 7,090,000 | |||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 310,849,000 | 367,837,000 | 407,447,000 | 457,667,000 | 487,240,000 | 547,699,000 | 598,218,000 | 647,878,000 | 663,890,000 | 711,543,000 | 775,807,000 | 790,196,000 | 828,208,000 | 874,370,000 | 935,765,000 |
| total liabilities | 319,740,000 | 373,400,000 | 412,604,000 | 468,739,000 | 496,952,000 | 558,538,000 | 611,062,000 | 651,717,000 | 695,903,000 | 740,914,000 | 806,660,000 | 819,005,000 | 847,332,000 | 878,008,000 | 942,097,000 |
| net assets | 22,000 | 21,000 | 20,000 | 19,000 | 18,000 | 17,000 | 16,000 | 15,000 | 14,000 | -3,700,000 | -17,295,000 | -17,296,000 | -11,972,000 | -22,140,000 | -36,656,000 |
| total shareholders funds | 22,000 | 21,000 | 20,000 | 19,000 | 18,000 | 17,000 | 16,000 | 15,000 | 14,000 | -3,700,000 | -17,295,000 | -17,296,000 | -11,972,000 | -22,140,000 | -36,656,000 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 14,516,000 | 10,841,000 | |||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -211,000 | -44,000 | 203,000 | 52,000 | -742,661,000 | -16,887,000 | -46,615,000 | -31,322,000 | -48,158,000 | 885,643,000 | |||||
| Creditors | -11,072,000 | 11,072,000 | |||||||||||||
| Accruals and Deferred Income | 1,002,000 | 406,000 | 5,157,000 | -9,712,000 | -1,127,000 | -2,005,000 | 9,005,000 | -28,174,000 | 2,642,000 | 5,343,000 | -340,000 | 19,680,000 | 1,050,000 | 198,000 | 3,440,000 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 62,872,000 | -871,362,000 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -44,084,000 | -38,212,000 | -38,786,000 | -41,563,000 | -40,441,000 | -56,440,000 | -49,897,000 | -51,091,000 | -39,324,000 | 670,798,000 | |||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 2,326,000 | -6,825,000 | 2,384,000 | 4,441,000 | -2,892,000 | 2,892,000 | |||||||||
| Long term loans | -112,734,000 | -93,400,000 | -100,440,000 | -59,146,000 | 426,781,000 | -50,519,000 | -49,660,000 | -679,902,000 | 616,237,000 | -64,264,000 | -14,389,000 | -38,012,000 | -46,162,000 | -61,395,000 | 935,765,000 |
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -621,000 | 7,090,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -111,029,000 | -86,310,000 | -100,440,000 | -59,146,000 | 426,781,000 | -50,519,000 | -49,660,000 | -679,902,000 | 616,237,000 | -71,089,000 | -12,005,000 | -33,571,000 | -46,162,000 | -64,287,000 | 891,160,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -4,100,000 | 6,131,000 | -5,632,000 | 228,000 | -5,848,000 | 94,000 | 5,724,000 | -22,507,000 | 3,420,000 | 1,344,000 | 4,543,000 | 12,964,000 | 10,814,000 | -1,415,000 | 19,798,000 |
| overdraft | -14,436,000 | 14,436,000 | |||||||||||||
| change in cash | -4,100,000 | 6,131,000 | -5,632,000 | 228,000 | -5,848,000 | 94,000 | 5,724,000 | -22,507,000 | 3,420,000 | 1,344,000 | 4,543,000 | 27,400,000 | -3,622,000 | -1,415,000 | 19,798,000 |
ludgate funding plc Credit Report and Business Information
Ludgate Funding Plc Competitor Analysis
Perform a competitor analysis for ludgate funding plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC1A area or any other competitors across 12 key performance metrics.
ludgate funding plc Ownership
LUDGATE FUNDING PLC group structure
Ludgate Funding Plc has no subsidiary companies.
ludgate funding plc directors
Ludgate Funding Plc currently has 3 directors. The longest serving directors include Mr William Purves (Dec 2009) and Mr Sean Martin (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Purves | United Kingdom | 59 years | Dec 2009 | - | Director |
| Mr Sean Martin | United Kingdom | 60 years | Aug 2015 | - | Director |
| Mr Peter Malcolm | United Kingdom | 61 years | Jan 2024 | - | Director |
P&L
December 2023turnover
20.7m
+18%
operating profit
73.5m
0%
gross margin
22.7%
-68.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
22k
+0.05%
total assets
319.8m
-0.14%
cash
25.6m
-0.14%
net assets
Total assets minus all liabilities
ludgate funding plc company details
company number
05950192
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
September 2006
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
4th floor,, 140 aldersgate street, london, EC1A 4HY
Bank
BARCLAYS BANK PLC
Legal Advisor
ALLEN AND OVERY LLP
ludgate funding 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 7 charges/mortgages relating to ludgate funding plc. Currently there are 7 open charges and 0 have been satisfied in the past.
ludgate funding 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.
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ludgate funding plc Companies House Filings - See Documents
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