launchchange finance limited
launchchange finance limited Company Information
Company Number
06027132
Website
qualitrolcorp.comRegistered Address
unit 4, blythe valley innovation centre, solihull, B90 8AJ
Industry
Activities of head offices
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Directors
Antony Mason1 Years
Shareholders
launchchange instrumentation ltd 100%
launchchange finance limited Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHCHANGE FINANCE LIMITED at £0 based on a Turnover of £0 and 0.68x industry multiple (adjusted for size and gross margin).
launchchange finance limited Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHCHANGE FINANCE LIMITED at £0 based on an EBITDA of £-6k and a 4.56x industry multiple (adjusted for size and gross margin).
launchchange finance limited Estimated Valuation
Pomanda estimates the enterprise value of LAUNCHCHANGE FINANCE LIMITED at £1b based on Net Assets of £388.2m and 2.68x industry multiple (adjusted for liquidity).
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Launchchange Finance Limited Overview
Launchchange Finance Limited is a live company located in solihull, B90 8AJ with a Companies House number of 06027132. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 2006, it's largest shareholder is launchchange instrumentation ltd with a 100% stake. Launchchange Finance Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Launchchange Finance Limited Health Check
Pomanda's financial health check has awarded Launchchange Finance Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 1 areas for improvement. Company Health Check FAQs
2 Strong
0 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (121)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 11143 weeks, this is more cash available to meet short term requirements (15 weeks)
- - Launchchange Finance Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (55.6%)
- - Launchchange Finance Limited
- - Industry AVG
LAUNCHCHANGE FINANCE LIMITED financials
Launchchange Finance Limited's latest turnover from December 2023 is 0 and the company has net assets of £388.2 million. According to their latest financial statements, Launchchange Finance Limited has 1 employee and maintains cash reserves of £2.1 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 98,000 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
| Gross Profit | 0 | 0 | 0 | 0 | 0 | 98,000 | |||||||||
| Admin Expenses | 0 | 0 | 0 | 0 | -5,000 | 0 | |||||||||
| Operating Profit | -6,000 | -19,639,000 | -5,074,000 | -107,205,000 | -5,000 | -4,000 | 0 | -7,000 | -4,000 | 0 | 0 | 0 | 5,000 | 98,000 | -493,000 |
| Interest Payable | 0 | 0 | 0 | 369,000 | 751,000 | 699,000 | 555,000 | 592,000 | 403,000 | 0 | 1,000 | 51,000 | 55,000 | 35,000 | 43,000 |
| Interest Receivable | 103,000 | 3,124,000 | 136,000 | 202,000 | 134,000 | 0 | 0 | 0 | 0 | 0 | 1,000 | 25,000 | 28,000 | 5,615,000 | 8,558,000 |
| Pre-Tax Profit | 97,000 | -16,515,000 | -4,938,000 | 35,867,000 | -622,000 | -703,000 | -555,000 | -599,000 | -407,000 | 0 | 0 | -26,000 | -22,000 | 5,678,000 | 8,022,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 97,000 | -16,515,000 | -4,938,000 | 35,867,000 | -622,000 | -703,000 | -555,000 | -599,000 | -407,000 | 0 | 0 | -26,000 | -22,000 | 5,678,000 | 8,022,000 |
| Dividends Paid | 48,150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 42,000,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -48,053,000 | -16,515,000 | -4,938,000 | 35,867,000 | -622,000 | -703,000 | -555,000 | -599,000 | -42,407,000 | 0 | 0 | -26,000 | -22,000 | 5,678,000 | 8,022,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | |||||
| EBITDA* | -6,000 | -19,639,000 | -5,074,000 | -107,205,000 | -5,000 | -4,000 | 0 | -7,000 | -4,000 | 0 | 0 | 0 | 5,000 | 98,000 | -493,000 |
* 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 386,017,000 | 434,167,000 | 235,796,000 | 192,714,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 162,813,000 | 162,813,000 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107,096,000 |
| Total Fixed Assets | 386,017,000 | 434,167,000 | 235,796,000 | 192,714,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 214,813,000 | 162,813,000 | 162,813,000 | 107,096,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 203,746,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,000 | 20,000 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,000 | 5,000 |
| Cash | 2,143,000 | 2,031,000 | 13,185,000 | 13,116,000 | 0 | 31,000 | 36,000 | 39,000 | 43,000 | 42,000 | 42,000 | 43,000 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,153,000 | 2,051,000 | 216,937,000 | 13,122,000 | 0 | 31,000 | 36,000 | 39,000 | 43,000 | 42,000 | 42,000 | 43,000 | 0 | 5,000 | 5,000 |
| total assets | 388,170,000 | 436,218,000 | 452,733,000 | 205,836,000 | 214,813,000 | 214,844,000 | 214,849,000 | 214,852,000 | 214,856,000 | 214,855,000 | 214,855,000 | 214,856,000 | 162,813,000 | 162,818,000 | 107,101,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 44,801,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,430,000 | 3,408,000 | 3,367,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 44,250,000 | 43,552,000 | 42,996,000 | 42,404,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 10,000 | 5,000 | 5,000 | 0 | 43,000 | 3,000 | 3,000 | 7,000 | 4,000 | 0 | 0 | 1,000 | 2,000 | 7,000 | 9,000 |
| total current liabilities | 10,000 | 5,000 | 5,000 | 0 | 44,844,000 | 44,253,000 | 43,555,000 | 43,003,000 | 42,408,000 | 0 | 0 | 1,000 | 3,432,000 | 3,415,000 | 3,376,000 |
| loans | 0 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 10,000 | 5,000 | 5,000 | 0 | 44,844,000 | 44,253,000 | 43,555,000 | 43,003,000 | 42,408,000 | 0 | 0 | 1,000 | 3,432,000 | 3,415,000 | 3,376,000 |
| net assets | 388,160,000 | 436,213,000 | 452,728,000 | 205,836,000 | 169,969,000 | 170,591,000 | 171,294,000 | 171,849,000 | 172,448,000 | 214,855,000 | 214,855,000 | 214,855,000 | 159,381,000 | 159,403,000 | 103,725,000 |
| total shareholders funds | 388,160,000 | 436,213,000 | 452,728,000 | 205,836,000 | 169,969,000 | 170,591,000 | 171,294,000 | 171,849,000 | 172,448,000 | 214,855,000 | 214,855,000 | 214,855,000 | 159,381,000 | 159,403,000 | 103,725,000 |
| 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 | -6,000 | -19,639,000 | -5,074,000 | -107,205,000 | -5,000 | -4,000 | 0 | -7,000 | -4,000 | 0 | 0 | 0 | 5,000 | 98,000 | -493,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -10,000 | -203,732,000 | 203,746,000 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,000 | -107,096,000 | 107,101,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 5,000 | 0 | 5,000 | -43,000 | 40,000 | 0 | -4,000 | 3,000 | 4,000 | 0 | -1,000 | -1,000 | -5,000 | -2,000 | 9,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,000 | 184,093,000 | -208,815,000 | -107,254,000 | 35,000 | -4,000 | -4,000 | -4,000 | 0 | 0 | -1,000 | -1,000 | 5,000 | 107,192,000 | -107,585,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -48,150,000 | 198,371,000 | 43,082,000 | -22,099,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52,000,000 | 0 | 162,813,000 | 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 | -44,250,000 | 698,000 | 556,000 | 592,000 | 42,404,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 103,000 | 3,124,000 | 136,000 | -167,000 | -617,000 | -699,000 | -555,000 | -592,000 | -403,000 | 0 | 0 | -26,000 | -27,000 | 5,580,000 | 8,515,000 |
| cash flow from financing | 103,000 | 3,124,000 | 251,966,000 | -167,000 | -44,867,000 | -1,000 | 1,000 | 0 | 42,001,000 | 0 | 0 | 55,474,000 | -27,000 | 55,580,000 | 104,218,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 112,000 | -11,154,000 | 69,000 | 13,116,000 | -31,000 | -5,000 | -3,000 | -4,000 | 1,000 | 0 | -1,000 | 43,000 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | -44,801,000 | 44,801,000 | 0 | 0 | 0 | 0 | 0 | 0 | -3,430,000 | 22,000 | 41,000 | 3,367,000 |
| change in cash | 112,000 | -11,154,000 | 69,000 | 57,917,000 | -44,832,000 | -5,000 | -3,000 | -4,000 | 1,000 | 0 | -1,000 | 3,473,000 | -22,000 | -41,000 | -3,367,000 |
launchchange finance limited Credit Report and Business Information
Launchchange Finance Limited Competitor Analysis
Perform a competitor analysis for launchchange finance limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other established companies, companies in B90 area or any other competitors across 12 key performance metrics.
launchchange finance limited Ownership
LAUNCHCHANGE FINANCE LIMITED group structure
Launchchange Finance Limited has 1 subsidiary company.
Ultimate parent company
DANAHER CORP
#0011992
2 parents
LAUNCHCHANGE FINANCE LIMITED
06027132
1 subsidiary
launchchange finance limited directors
Launchchange Finance Limited currently has 1 director, Mr Antony Mason serving since Sep 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Antony Mason | 57 years | Sep 2023 | - | Director |
P&L
December 2023turnover
0
0%
operating profit
-6k
-100%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
388.2m
-0.11%
total assets
388.2m
-0.11%
cash
2.1m
+0.06%
net assets
Total assets minus all liabilities
launchchange finance limited company details
company number
06027132
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
December 2006
age
18
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
unit 4, blythe valley innovation centre, solihull, B90 8AJ
Bank
HSBC BANK PLC
Legal Advisor
-
launchchange 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 did not find charges/mortgages relating to launchchange finance limited.
launchchange finance limited Companies House Filings - See Documents
| date | description | view/download |
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