brac saajan exchange ltd
brac saajan exchange ltd Company Information
Company Number
06469886
Website
www.bracsaajanexchange.comRegistered Address
160-162 lozells road, birmingham, B19 2SX
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
01215154008
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
brac bank ltd 93.8%
abdus salam 3.1%
View Allbrac saajan exchange ltd Estimated Valuation
Pomanda estimates the enterprise value of BRAC SAAJAN EXCHANGE LTD at £1.4k based on a Turnover of £1.1k and 1.23x industry multiple (adjusted for size and gross margin).
brac saajan exchange ltd Estimated Valuation
Pomanda estimates the enterprise value of BRAC SAAJAN EXCHANGE LTD at £0 based on an EBITDA of £-576.9k and a 5.07x industry multiple (adjusted for size and gross margin).
brac saajan exchange ltd Estimated Valuation
Pomanda estimates the enterprise value of BRAC SAAJAN EXCHANGE LTD at £986.9k based on Net Assets of £512.4k and 1.93x industry multiple (adjusted for liquidity).
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Brac Saajan Exchange Ltd Overview
Brac Saajan Exchange Ltd is a live company located in birmingham, B19 2SX with a Companies House number of 06469886. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in January 2008, it's largest shareholder is brac bank ltd with a 93.8% stake. Brac Saajan Exchange Ltd is a established, micro sized company, Pomanda has estimated its turnover at £1.1k with declining growth in recent years.
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Brac Saajan Exchange Ltd Health Check
Pomanda's financial health check has awarded Brac Saajan Exchange Ltd a 3 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
3 Strong
3 Regular
5 Weak
Size
annual sales of £1.1k, make it smaller than the average company (£4.6m)
£1.1k - Brac Saajan Exchange Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -95%, show it is growing at a slower rate (3.2%)
-95% - Brac Saajan Exchange Ltd
3.2% - Industry AVG
Production
with a gross margin of 56.4%, this company has a comparable cost of product (61.4%)
56.4% - Brac Saajan Exchange Ltd
61.4% - Industry AVG
Profitability
an operating margin of -58829.8% make it less profitable than the average company (10.8%)
-58829.8% - Brac Saajan Exchange Ltd
10.8% - Industry AVG
Employees
with 25 employees, this is above the industry average (15)
25 - Brac Saajan Exchange Ltd
15 - Industry AVG
Pay Structure
on an average salary of £15.3k, the company has a lower pay structure (£79.3k)
£15.3k - Brac Saajan Exchange Ltd
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £45.8, this is less efficient (£226.9k)
£45.8 - Brac Saajan Exchange Ltd
£226.9k - Industry AVG
Debtor Days
it gets paid by customers after 69817 days, this is later than average (30 days)
69817 days - Brac Saajan Exchange Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 31422 days, this is slower than average (37 days)
31422 days - Brac Saajan Exchange Ltd
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Brac Saajan Exchange Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 42 weeks, this is average cash available to meet short term requirements (39 weeks)
42 weeks - Brac Saajan Exchange Ltd
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.2%, this is a similar level of debt than the average (58.9%)
63.2% - Brac Saajan Exchange Ltd
58.9% - Industry AVG
BRAC SAAJAN EXCHANGE LTD financials
Brac Saajan Exchange Ltd's latest turnover from December 2022 is £1.1 thousand and the company has net assets of £512.4 thousand. According to their latest financial statements, Brac Saajan Exchange Ltd has 25 employees and maintains cash reserves of £609 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,146 | 1,683,656 | 6,917,406 | 7,378,724 | 6,917,796 | 4,629,557 | 2,998,896 | 2,896,152 | 2,761,135 | 1,175,262 | 969,455 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 500 | 723,541 | 2,645,334 | 3,050,353 | 2,906,039 | 2,150,668 | 1,439,865 | 1,372,577 | 1,461,260 | 39,902 | 12,258 | |||
| Gross Profit | 646 | 960,115 | 4,272,072 | 4,328,371 | 4,011,757 | 2,478,889 | 1,559,031 | 1,523,575 | 1,299,875 | 1,135,360 | 957,197 | |||
| Admin Expenses | 674,835 | 2,470,753 | 4,422,191 | 3,950,409 | 3,209,181 | 2,083,219 | 1,332,891 | 1,251,408 | 1,050,355 | 889,579 | 611,681 | |||
| Operating Profit | -674,189 | -1,510,638 | -150,119 | 377,962 | 802,576 | 395,670 | 226,140 | 272,167 | 249,520 | 245,781 | 345,516 | |||
| Interest Payable | 77,832 | 185,726 | 158,316 | 172,088 | 145,699 | 88,613 | 0 | 110 | 0 | 0 | 790 | |||
| Interest Receivable | 3,598 | 4,006 | 5,345 | 1,722 | 1,490 | 8,898 | 20,731 | 21,804 | 21,467 | 15,028 | 7,996 | |||
| Pre-Tax Profit | -797,749 | -1,593,233 | -303,090 | 207,596 | 658,367 | 315,955 | 246,871 | 293,861 | 270,987 | 260,809 | 352,722 | |||
| Tax | 9,896 | 60,648 | 28,138 | -59,772 | -122,705 | -53,166 | -54,216 | -54,802 | -51,201 | -60,637 | -50,930 | |||
| Profit After Tax | -787,853 | -1,532,585 | -274,952 | 147,824 | 535,662 | 262,789 | 192,655 | 239,059 | 219,786 | 200,172 | 301,792 | |||
| Dividends Paid | 0 | 0 | 147,823 | 83,333 | 0 | 66,792 | 0 | 51,966 | 0 | 0 | 0 | |||
| Retained Profit | -787,853 | -1,532,585 | -422,775 | 64,491 | 535,662 | 195,997 | 192,655 | 187,093 | 219,786 | 200,172 | 301,792 | |||
| Employee Costs | 382,838 | 889,347 | 1,437,783 | 1,585,310 | 968,179 | 667,319 | 480,651 | 490,636 | 431,053 | 366,165 | 238,353 | |||
| Number Of Employees | 25 | 25 | 81 | 90 | 80 | 62 | 47 | 19 | 20 | 17 | 11 | |||
| EBITDA* | -576,931 | -1,313,956 | -51,380 | 489,784 | 880,119 | 453,967 | 275,871 | 301,920 | 272,676 | 266,420 | 365,893 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 337,058 | 389,948 | 590,688 | 633,481 | 558,600 | 554,348 | 216,280 | 121,905 | 106,609 | 99,464 | 114,589 | 19,492 | 7,380 | 0 |
| Intangible Assets | 61,838 | 103,642 | 139,797 | 179,741 | 158,095 | 145,543 | 134,323 | 89,531 | 18,650 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 42,965 | 74,925 | 44,900 | 44,765 | 44,765 | 83,961 | 115,335 | 93,969 | 145,843 | 87,740 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 87,351 | 87,252 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 529,212 | 655,767 | 775,385 | 857,987 | 761,460 | 783,852 | 465,938 | 305,405 | 271,102 | 187,204 | 114,589 | 19,492 | 7,380 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 219,207 | 291,739 | 2,522,577 | 5,769,495 | 5,168,737 | 1,894,117 | 1,132,306 | 1,055,173 | 1,104,050 | 0 | 0 | 374,679 | 155,445 | 73,125 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,458 | 99,952 | 301,162 | 609,736 | 337,773 | 126,092 | 856,667 | 12,589 | 52,926 | 969,809 | 487,371 | 0 | 0 | 0 |
| Cash | 608,950 | 1,806,900 | 8,209,092 | 3,705,060 | 6,606,932 | 2,346,818 | 1,803,652 | 2,482,414 | 1,325,622 | 1,174,050 | 777,515 | 426,264 | 25,818 | 3,953 |
| misc current assets | 0 | 46,271 | 50,597 | 49,966 | 49,966 | 49,254 | 47,541 | 40,505 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 862,615 | 2,244,862 | 11,083,428 | 10,134,257 | 12,163,408 | 4,416,281 | 3,840,166 | 3,590,681 | 2,482,598 | 2,143,859 | 1,264,886 | 800,943 | 181,263 | 77,078 |
| total assets | 1,391,827 | 2,900,629 | 11,858,813 | 10,992,244 | 12,924,868 | 5,200,133 | 4,306,104 | 3,896,086 | 2,753,700 | 2,331,063 | 1,379,475 | 820,435 | 188,643 | 77,078 |
| Bank overdraft | 0 | 0 | 0 | 2,992 | 3,167 | 9,419 | 1,455 | 4,515 | 1,606 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,045 | 0 | 1,502,140 | 2,771,124 | 4,300,308 | 777,052 | 2,283,990 | 2,067,282 | 1,142,539 | 1,167,695 | 487,603 | 654,093 | 154,793 | 293,553 |
| Group/Directors Accounts | 602,319 | 2,300,896 | 6,060,538 | 3,591,902 | 4,779,216 | 1,761,473 | 25,001 | 83,762 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10,051 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 97,480 | 141,861 | 2,240,788 | 2,133,594 | 1,405,174 | 739,137 | 540,242 | 501,166 | 571,463 | 335,011 | 273,738 | 0 | 0 | 0 |
| total current liabilities | 742,844 | 2,442,757 | 9,803,466 | 8,499,612 | 10,487,865 | 3,287,081 | 2,850,688 | 2,656,725 | 1,715,608 | 1,512,757 | 761,341 | 654,093 | 154,793 | 293,553 |
| loans | 0 | 141,655 | 168,866 | 175,657 | 199,400 | 212,715 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 130,515 | 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 | 6,075 | 15,971 | 53,650 | 61,369 | 46,488 | 44,884 | 37,576 | 14,176 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 136,590 | 157,626 | 222,516 | 237,026 | 245,888 | 257,599 | 37,576 | 14,176 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 879,434 | 2,600,383 | 10,025,982 | 8,736,638 | 10,733,753 | 3,544,680 | 2,888,264 | 2,670,901 | 1,715,608 | 1,512,757 | 761,341 | 654,093 | 154,793 | 293,553 |
| net assets | 512,393 | 300,246 | 1,832,831 | 2,255,606 | 2,191,115 | 1,655,453 | 1,417,840 | 1,225,185 | 1,038,092 | 818,306 | 618,134 | 166,342 | 33,850 | -216,475 |
| total shareholders funds | 512,393 | 300,246 | 1,832,831 | 2,255,606 | 2,191,115 | 1,655,453 | 1,417,840 | 1,225,185 | 1,038,092 | 818,306 | 618,134 | 166,342 | 33,850 | -216,475 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -674,189 | -1,510,638 | -150,119 | 377,962 | 802,576 | 395,670 | 226,140 | 272,167 | 249,520 | 245,781 | 345,516 | |||
| Depreciation | 54,335 | 147,477 | 41,194 | 51,995 | 41,533 | 30,854 | 30,855 | 19,805 | 23,156 | 20,639 | 20,377 | 2,048 | 820 | 820 |
| Amortisation | 42,923 | 49,205 | 57,545 | 59,827 | 36,010 | 27,443 | 18,876 | 9,948 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 9,896 | 60,648 | 28,138 | -59,772 | -122,705 | -53,166 | -54,216 | -54,802 | -51,201 | -60,637 | -50,930 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -137,927 | -2,344,796 | -3,555,492 | 872,721 | 3,486,301 | 31,236 | 921,211 | -89,214 | 187,167 | 482,438 | 112,692 | 301,554 | 82,320 | 73,125 |
| Creditors | 43,045 | -1,502,140 | -1,268,984 | -1,529,184 | 3,523,256 | -1,506,938 | 216,708 | 924,743 | -25,156 | 680,092 | -166,490 | 360,540 | -138,760 | 293,553 |
| Accruals and Deferred Income | -44,381 | -2,098,927 | 107,194 | 728,420 | 666,037 | 198,895 | 39,076 | -70,297 | 236,452 | 61,273 | 273,738 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -9,896 | -37,679 | -7,719 | 14,881 | 1,604 | 7,308 | 23,400 | 14,176 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -440,340 | -2,547,258 | 2,362,741 | -1,228,592 | 1,462,010 | -931,170 | -420,372 | 1,204,954 | 245,604 | 464,710 | 309,519 | |||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -95,058 | -413,520 | -195,935 | -104,561 | -107,054 | |||||
| Change in Investments | -31,960 | 30,025 | 135 | 0 | -39,196 | -31,374 | 21,366 | -51,874 | 58,103 | 87,740 | 0 | 0 | 0 | 0 |
| cash flow from investments | 31,960 | -30,025 | -135 | 0 | -55,862 | -382,146 | -217,301 | -52,687 | -165,157 | |||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,698,577 | -3,759,642 | 2,468,636 | -1,187,314 | 3,017,743 | 1,736,472 | -58,761 | 83,762 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -10,051 | 10,051 | 0 | 0 | 0 | 0 |
| Long term loans | -141,655 | -27,211 | -6,791 | -23,743 | -13,315 | 212,715 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 130,515 | 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 | ||||||||||||||
| interest | -74,234 | -181,720 | -152,971 | -170,366 | -144,209 | -79,715 | 20,731 | 21,694 | 21,467 | 15,028 | 7,206 | |||
| cash flow from financing | -783,951 | -3,968,573 | 2,308,874 | -1,381,423 | 2,860,219 | 1,911,088 | -38,030 | 105,456 | 11,416 | 25,079 | 157,206 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -1,197,950 | -6,402,192 | 4,504,032 | -2,901,872 | 4,260,114 | 543,166 | -678,762 | 1,156,792 | 151,572 | 396,535 | 351,251 | 422,311 | 21,865 | 3,953 |
| overdraft | 0 | 0 | -2,992 | -175 | -6,252 | 7,964 | -3,060 | 2,909 | 1,606 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,197,950 | -6,402,192 | 4,507,024 | -2,901,697 | 4,266,366 | 535,202 | -675,702 | 1,153,883 | 149,966 | 396,535 | 351,251 | 422,311 | 21,865 | 3,953 |
brac saajan exchange ltd Credit Report and Business Information
Brac Saajan Exchange Ltd Competitor Analysis
Perform a competitor analysis for brac saajan exchange ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
brac saajan exchange ltd Ownership
BRAC SAAJAN EXCHANGE LTD group structure
Brac Saajan Exchange Ltd has no subsidiary companies.
Ultimate parent company
BRAC BANK LTD
#0045485
1 parent
BRAC SAAJAN EXCHANGE LTD
06469886
brac saajan exchange ltd directors
Brac Saajan Exchange Ltd currently has 4 directors. The longest serving directors include Mr Abdus Salam (Jan 2008) and Mr Abdus Salam (Jan 2008).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Abdus Salam | 56 years | Jan 2008 | - | Director | |
| Mr Abdus Salam | 56 years | Jan 2008 | - | Director | |
| Mr Selim Hussain | 63 years | Nov 2015 | - | Director | |
| Dr Zahid Hussain | United Kingdom | 69 years | Jan 2023 | - | Director |
P&L
December 2022turnover
1.1k
-100%
operating profit
-674.2k
-55%
gross margin
56.4%
-1.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
512.4k
+0.71%
total assets
1.4m
-0.52%
cash
609k
-0.66%
net assets
Total assets minus all liabilities
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brac saajan exchange ltd company details
company number
06469886
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 2008
age
16
accounts
Full Accounts
ultimate parent company
previous names
saajan worldwide money transfer ltd (January 2011)
incorporated
UK
address
160-162 lozells road, birmingham, B19 2SX
last accounts submitted
December 2022
brac saajan exchange ltd 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 1 charges/mortgages relating to brac saajan exchange ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
brac saajan exchange ltd Companies House Filings - See Documents
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