Finance Cover & Training Limited

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finance cover & training limited Company Information

Company Number

06604905

Next Accounts

Apr 2025

Directors

Sabina Hegarty

Shareholders

calibre group solutions limited

Group Structure

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Industry

Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

Registered Address

1 queens parade, brownlow road, london, N11 2DN

Website

http://calibregroup.co.uk

finance cover & training limited Estimated Valuation

£722.8k

Pomanda estimates the enterprise value of FINANCE COVER & TRAINING LIMITED at £722.8k based on Net Assets of £464.2k and 1.56x industry multiple (adjusted for liquidity).

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Finance Cover & Training Limited is a live company located in london, N11 2DN with a Companies House number of 06604905. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in May 2008, it's largest shareholder is calibre group solutions limited with a 100% stake. Finance Cover & Training Limited is a established, small sized company, Pomanda has estimated its turnover at £692.1k with high growth in recent years.

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Pomanda's financial health check has awarded Finance Cover & Training Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £692.1k, make it smaller than the average company (£6.7m)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.8%)

EXPORT

Finance Cover & Training Limited's latest turnover from July 2023 is estimated at £692.1 thousand and the company has net assets of £464.2 thousand. According to their latest financial statements, Finance Cover & Training Limited has 13 employees and maintains cash reserves of £198.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Turnover	692,148	668,531	609,188	370,299	898,561	918,079	925,133	1,809,780	2,978,452	2,371,839	2,153,335	1,333,372	1,168,973	1,452,346	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	518,983	494,573	467,842	283,095	691,294	707,548	710,616	1,386,966	2,236,769	1,790,137	1,567,089	946,194	768,661	1,023,826	0
Gross Profit	173,165	173,958	141,346	87,205	207,267	210,531	214,517	422,814	741,683	581,702	586,247	387,178	400,312	428,520	0
Admin Expenses	231,903	48,403	146,087	104,896	268,088	254,660	148,083	381,561	639,888	486,584	401,841	427,414	331,690	275,342	-85,228
Operating Profit	-58,738	125,555	-4,741	-17,691	-60,821	-44,129	66,434	41,253	101,795	95,118	184,406	-40,236	68,622	153,178	85,228
Interest Payable	13,229	11,905	10,980	5,490	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	12,358	3,233	221	161	600	263	267	691	725	775	442	680	859	461	162
Pre-Tax Profit	-59,609	116,883	-15,500	-23,020	-60,221	-43,866	66,701	41,944	102,520	95,892	184,848	-39,556	69,481	153,639	85,390
Tax	0	-22,208	0	0	0	0	-12,673	-8,389	-20,504	-20,137	-42,515	0	-18,065	-43,019	-23,909
Profit After Tax	-59,609	94,675	-15,500	-23,020	-60,221	-43,866	54,028	33,555	82,016	75,755	142,333	-39,556	51,416	110,620	61,481
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-59,609	94,675	-15,500	-23,020	-60,221	-43,866	54,028	33,555	82,016	75,755	142,333	-39,556	51,416	110,620	61,481
Employee Costs	650,670	526,021	420,766	336,814	350,607	293,665	207,286	120,618	639,320	551,180	569,948	345,069	329,873	499,947	0
Number Of Employees	13	11	10	8	8	7	5	3	16	14	15	9	9	14	0
EBITDA*	-52,721	131,576	386	-13,285	-56,390	-40,284	71,151	47,902	110,473	103,735	191,115	-29,315	79,933	167,750	86,865

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Tangible Assets	20,114	24,240	20,218	12,337	12,283	8,447	12,098	16,028	20,428	23,427	19,122	35,053	39,836	51,963	9,275
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	146,980	142,345	134,206	146,248	124,582	112,475	114,515	53,806	51,686	51,686	37,691	37,691	9,200	4,900	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	167,094	166,585	154,424	158,585	136,865	120,922	126,613	69,834	72,114	75,113	56,813	72,744	49,036	56,863	9,275
Stock & work in progress	7,091	40,167	23,693	10,873	13,743	4,338	14,684	24,373	14,123	22,024	25,229	8,392	7,948	10,875	19,872
Trade Debtors	44,901	58,513	48,576	14,801	115,039	136,773	132,905	339,268	405,620	267,567	221,689	114,383	89,789	125,682	97,455
Group Debtors	215,150	217,242	212,566	249,702	225,993	248,705	293,702	0	0	0	0	0	0	0	0
Misc Debtors	18,999	10,524	34,643	43,494	13,790	52,898	118,092	0	0	0	0	0	0	0	0
Cash	198,303	296,024	221,297	221,266	101,640	58,474	46,718	166,900	109,374	180,684	129,257	47,696	224,205	119,542	64,958
misc current assets	0	0	0	0	0	0	0	64,455	44,916	50,469	56,020	55,329	0	0	0
total current assets	484,444	622,470	540,775	540,136	470,205	501,188	606,101	594,996	574,033	520,744	432,195	225,800	321,942	256,099	182,285
total assets	651,538	789,055	695,199	698,721	607,070	622,110	732,714	664,830	646,147	595,857	489,008	298,544	370,978	312,962	191,560
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	31,579	37,895	29,378	3,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,102	3,058	11,369	247	20,712	18,855	30,172	55,157	158,287	189,222	159,455	111,281	144,140	137,059	129,972
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	87,095	108,160	70,976	71,664	117,283	74,001	128,781	89,114	0	0	0	0	0	0	0
total current liabilities	121,776	149,113	111,723	74,911	137,995	92,856	158,953	144,271	158,287	189,222	159,455	111,281	144,140	137,059	129,972
loans	60,526	110,526	150,622	177,000	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	5,029	5,600	3,713	2,169	1,414	1,372	2,013	2,839	3,695	4,486	3,159	3,202	3,221	3,702	7
total long term liabilities	65,555	116,126	154,335	179,169	1,414	1,372	2,013	2,839	3,695	4,486	3,159	3,202	3,221	3,702	7
total liabilities	187,331	265,239	266,058	254,080	139,409	94,228	160,966	147,110	161,982	193,708	162,614	114,483	147,361	140,761	129,979
net assets	464,207	523,816	429,141	444,641	467,661	527,882	571,748	517,720	484,165	402,149	326,394	184,061	223,617	172,201	61,581
total shareholders funds	464,207	523,816	429,141	444,641	467,661	527,882	571,748	517,720	484,165	402,149	326,394	184,061	223,617	172,201	61,581

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011	Jul 2010	Jul 2009
Operating Activities
Operating Profit	-58,738	125,555	-4,741	-17,691	-60,821	-44,129	66,434	41,253	101,795	95,118	184,406	-40,236	68,622	153,178	85,228
Depreciation	6,017	6,021	5,127	4,406	4,431	3,845	4,717	6,649	8,678	8,617	6,709	10,921	11,311	14,572	1,637
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-22,208	0	0	0	0	-12,673	-8,389	-20,504	-20,137	-42,515	0	-18,065	-43,019	-23,909
Stock	-33,076	16,474	12,820	-2,870	9,405	-10,346	-9,689	10,250	-7,901	-3,205	16,837	444	-2,927	-8,997	19,872
Debtors	-7,229	-9,506	-12,212	-46,825	-83,554	-106,323	205,431	-66,352	138,053	45,878	107,306	24,594	-35,893	28,227	97,455
Creditors	44	-8,311	11,122	-20,465	1,857	-11,317	-24,985	-103,130	-30,935	29,767	48,174	-32,859	7,081	7,087	129,972
Accruals and Deferred Income	-21,065	37,184	-688	-45,619	43,282	-54,780	39,667	89,114	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-571	1,887	1,544	755	42	-641	-826	-856	-791	1,327	-43	-19	-481	3,695	7
Cash flow from operations	-34,008	133,160	11,756	-28,919	62,940	9,647	-123,408	80,743	-71,909	72,019	72,588	-87,231	107,288	116,283	75,608
Investing Activities
capital expenditure	-1,891	-10,043	-13,008	-4,460	-8,267	-194	-787	-2,249	-5,679	-12,922	9,222	-6,138	816	-57,260	-10,912
Change in Investments	4,635	8,139	-12,042	21,666	12,107	-2,040	60,709	2,120	0	13,995	0	28,491	4,300	4,900	0
cash flow from investments	-6,526	-18,182	-966	-26,126	-20,374	1,846	-61,496	-4,369	-5,679	-26,917	9,222	-34,629	-3,484	-62,160	-10,912
Financing Activities
Bank loans	-6,316	8,517	26,378	3,000	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	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-50,000	-40,096	-26,378	177,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-871	-8,672	-10,759	-5,329	600	263	267	691	725	775	442	680	859	461	162
cash flow from financing	-57,187	-40,251	-10,759	174,671	600	263	267	691	725	775	442	680	859	461	262
cash and cash equivalents
cash	-97,721	74,727	31	119,626	43,166	11,756	-120,182	57,526	-71,310	51,427	81,561	-176,509	104,663	54,584	64,958
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-97,721	74,727	31	119,626	43,166	11,756	-120,182	57,526	-71,310	51,427	81,561	-176,509	104,663	54,584	64,958

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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FINANCE COVER & TRAINING LIMITED group structure

Finance Cover & Training Limited has no subsidiary companies.

Ultimate parent company

CALIBRE GROUP SOLUTIONS LIMITED

08679221

1 parent

FINANCE COVER & TRAINING LIMITED

06604905

FINANCE COVER & TRAINING LIMITED Shareholders

calibre group solutions limited

100%

Finance Cover & Training Limited currently has 1 director, Mrs Sabina Hegarty serving since May 2008.

officer	country	age	start	end	role
Mrs Sabina Hegarty	United Kingdom	60 years	May 2008	-	Director

P&L

July 2023

turnover

692.1k

+4%

operating profit

-58.7k

gross margin

25.1%

-3.85%

turnover

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

Balance Sheet

July 2023

net assets

464.2k

-0.11%

total assets

651.5k

-0.17%

cash

198.3k

-0.33%

net assets

Total assets minus all liabilities

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company number

06604905

Type

Private limited with Share Capital

industry

78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.

incorporation date

May 2008

ultimate parent company

CALIBRE GROUP SOLUTIONS LIMITED

previous names

finance cover training limited (September 2008)

address

1 queens parade, brownlow road, london, N11 2DN

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 finance cover & training limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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finance cover & training limited Company Information

finance cover & training limited Estimated Valuation

finance cover & training limited Estimated Valuation

finance cover & training limited Estimated Valuation

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