Enterprise Loans East Midlands

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enterprise loans east midlands Company Information

Live

EstablishedSmallHigh

Company Number

06705550

Website

www.first-enterprise.co.uk

Registered Address

6 sherwood rise, nottingham, NG7 6JF

Industry

Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

Telephone

01159423772

Next Accounts Due

December 2024

Group Structure

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Directors

Mohammed Rashid16 Years

Hassan Ahmed16 Years

View All

Shareholders

-0%

enterprise loans east midlands Estimated Valuation

£5.4m

Pomanda estimates the enterprise value of ENTERPRISE LOANS EAST MIDLANDS at £5.4m based on Net Assets of £2.7m and 1.95x industry multiple (adjusted for liquidity).

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Enterprise Loans East Midlands is a live company located in nottingham, NG7 6JF with a Companies House number of 06705550. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in September 2008, it's largest shareholder is unknown. Enterprise Loans East Midlands is a established, small sized company, Pomanda has estimated its turnover at £2.5m with high growth in recent years.

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Pomanda's financial health check has awarded Enterprise Loans East Midlands a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £2.5m, make it smaller than the average company (£6.1m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (4.3%)

EXPORT

Enterprise Loans East Midlands's latest turnover from March 2023 is estimated at £2.5 million and the company has net assets of £2.7 million. According to their latest financial statements, Enterprise Loans East Midlands has 18 employees and maintains cash reserves of £1.3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,456,895	1,959,500	1,676,723	1,362,958	1,319,670	1,586,895	746,689	682,609	3,157,237	1,356,286	594,332	596,389	574,542	328,410
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	878,502	648,457	551,945	396,487	335,488	435,766	238,842	195,705	865,162	477,159	200,863	231,995	241,549	155,851
Gross Profit	1,578,393	1,311,042	1,124,777	966,471	984,182	1,151,129	507,847	486,904	2,292,075	879,126	393,469	364,394	332,993	172,559
Admin Expenses	1,579,459	1,160,481	921,618	509,694	1,167,780	1,528,407	402,655	-463,582	1,515,803	609,522	205,964	139,760	214,322	269,186
Operating Profit	-1,066	150,561	203,159	456,777	-183,598	-377,278	105,192	950,486	776,272	269,604	187,505	224,634	118,671	-96,627
Interest Payable	63,015	76,220	140,706	96,667	0	0	0	0	0	0	0	0	0	0
Interest Receivable	57,869	10,921	1,991	2,517	17,424	10,958	5,312	9,668	9,107	10,039	0	0	0	0
Pre-Tax Profit	-6,212	85,263	64,444	362,627	-166,174	-366,320	110,504	960,154	785,378	279,643	150,725	174,074	93,320	-91,047
Tax	0	-16,200	-12,244	-68,899	0	0	-22,101	-192,031	-164,929	-64,318	0	0	0	-7
Profit After Tax	-6,212	69,063	52,200	293,728	-166,174	-366,320	88,403	768,123	620,449	215,325	150,725	174,074	93,320	-91,054
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-6,212	69,063	52,200	293,728	-166,174	-366,320	88,403	768,123	620,449	215,325	150,725	174,074	93,320	-91,054
Employee Costs	1,024,279	920,924	841,529	763,700	743,378	567,307	421,206	424,924	963,081	304,609	123,216	128,195	111,928	82,627
Number Of Employees	18	17	17	16	16	13	10	10	25	8	3	3	3	2
EBITDA*	4,318	156,811	212,848	468,169	-173,307	-371,849	105,192	950,486	776,272	269,604	187,505	224,634	118,671	-96,627

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	9,040	14,261	13,423	17,828	11,109	12,931	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	2,710	9,210	15,709	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	-197,267	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	688,646	1,142,406	1,582,129	1,131,661	2,113,322	3,778,080	3,220,232	0	0	2,782,116	1,059,081	0	0	0
Total Fixed Assets	697,686	1,156,667	1,595,552	1,152,199	1,936,374	3,806,720	3,220,232	0	0	2,782,116	1,059,081	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	284,136	101,262	85,739	61,839	31,755	0	19,008	10,275	4,936,351	1,150,250	1,041,333	85,383	107,836	89,068
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,252,931	1,179,629	1,341,403	2,109,237	2,260,059	1,269,393	1,415,998	6,825,092	0	0	0	1,655,313	1,359,319	2,586
Cash	1,263,997	1,459,272	1,453,120	2,528,155	2,506,144	2,140,367	2,242,958	2,006,562	1,860,445	1,782,234	2,233,433	2,093,552	2,146,805	2,229,044
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	1,139,574
total current assets	2,801,064	2,740,163	2,880,262	4,699,231	4,963,470	3,409,760	3,677,964	8,841,929	6,796,796	2,932,484	3,274,766	3,834,248	3,613,960	3,460,272
total assets	3,498,750	3,896,830	4,475,814	5,851,430	6,899,844	7,216,480	6,898,196	8,841,929	6,796,796	5,714,600	4,333,847	3,834,248	3,613,960	3,460,272
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,009	10,200	24,356	19,480	15,478	10,056	4,064	1,228	506,748	540,368	286,194	18,621	1,966	3,251
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	135,297	406,155	598,498	1,233,402	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
other current liabilities	322,224	319,504	323,988	31,159	767,877	1,607,019	1,423,450	773,670	0	0	0	8,361	53,802	192,149
total current liabilities	472,530	735,859	946,842	1,284,041	783,355	1,617,075	1,427,514	774,898	506,748	540,368	286,194	26,982	55,768	195,400
loans	279,786	408,325	845,389	1,936,006	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	3,778,834	3,095,576	2,600,533	5,285,285	4,276,425	3,781,058	2,869,804	3,235,000	3,160,000	3,060,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	279,786	408,325	845,389	1,936,006	3,778,834	3,095,576	2,600,533	5,285,285	4,276,425	3,781,058	2,869,804	3,235,000	3,160,000	3,060,000
total liabilities	752,316	1,144,184	1,792,231	3,220,047	4,562,189	4,712,651	4,028,047	6,060,183	4,783,173	4,321,426	3,155,998	3,261,982	3,215,768	3,255,400
net assets	2,746,434	2,752,646	2,683,583	2,631,383	2,337,655	2,503,829	2,870,149	2,781,746	2,013,623	1,393,174	1,177,849	572,266	398,192	204,872
total shareholders funds	2,746,434	2,752,646	2,683,583	2,631,383	2,337,655	2,503,829	2,870,149	2,781,746	2,013,623	1,393,174	1,177,849	572,266	398,192	204,872

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	-1,066	150,561	203,159	456,777	-183,598	-377,278	105,192	950,486	776,272	269,604	187,505	224,634	118,671	-96,627
Depreciation	5,384	6,250	6,979	4,892	3,792	1,638	0	0	0	0	0	0	0	0
Amortisation	0	0	2,710	6,500	6,499	3,791	0	0	0	0	0	0	0	0
Tax	0	-16,200	-12,244	-68,899	0	0	-22,101	-192,031	-164,929	-64,318	0	0	0	-7
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-197,584	-585,974	-293,466	-1,070,644	-674,092	392,235	-2,180,129	1,899,016	1,003,985	1,831,952	359,718	273,541	1,375,501	91,654
Creditors	4,809	-14,156	4,876	4,002	5,422	5,992	2,836	-505,520	-33,620	254,174	267,573	16,655	-1,285	3,251
Accruals and Deferred Income	2,720	-4,484	292,829	-736,718	-839,142	183,569	649,780	773,670	0	0	-8,361	-45,441	-138,347	192,149
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	209,431	707,945	791,775	737,198	-332,935	-574,523	2,915,836	-872,411	-426,262	-1,372,492	86,999	-77,693	-1,396,462	7,112
Investing Activities
capital expenditure	-163	-7,088	-2,574	-11,611	-1,970	-34,069	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	197,267	-197,267	0	0	0	0	0	0	0	0	0
cash flow from investments	-163	-7,088	-2,574	-208,878	195,297	-34,069	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	0	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
Other Short Term Loans	-270,858	-192,343	-634,904	1,233,402	0	0	0	0	0	0	0	0	0	0
Long term loans	-128,539	-437,064	-1,090,617	1,936,006	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
other long term liabilities	0	0	0	-3,778,834	683,258	495,043	-2,684,752	1,008,860	495,367	911,254	-365,196	75,000	100,000	3,060,000
share issue	0	0	0	0	0	0	0	0	0	0	454,858	0	100,000	295,926
interest	-5,146	-65,299	-138,715	-94,150	17,424	10,958	5,312	9,668	9,107	10,039	0	0	0	0
cash flow from financing	-404,543	-694,706	-1,864,236	-703,576	700,682	506,001	-2,679,440	1,018,528	504,474	921,293	89,662	75,000	200,000	3,355,926
cash and cash equivalents
cash	-195,275	6,152	-1,075,035	22,011	365,777	-102,591	236,396	146,117	78,211	-451,199	139,881	-53,253	-82,239	2,229,044
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-195,275	6,152	-1,075,035	22,011	365,777	-102,591	236,396	146,117	78,211	-451,199	139,881	-53,253	-82,239	2,229,044

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for enterprise loans east midlands by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in NG7 area or any other competitors across 12 key performance metrics.

ENTERPRISE LOANS EAST MIDLANDS group structure

Enterprise Loans East Midlands has 5 subsidiary companies.

Ultimate parent company

ENTERPRISE LOANS EAST MIDLANDS

06705550

5 subsidiaries

ENTERPRISE LOANS EM MEIF GP LIMITED

10891551

ENTERPRISE LOANS EM MEIF II CIP LIMITED

15405351

ELEM CIEF LTD

12141294

ENTERPRISE LOANS EM MEIF CIP LIMITED

10890708

ENTERPRISE LOANS EM MEIF II GP LIMITED

15405310

ENTERPRISE LOANS EAST MIDLANDS Shareholders

Enterprise Loans East Midlands currently has 4 directors. The longest serving directors include Mr Mohammed Rashid (Sep 2008) and Mr Hassan Ahmed (Oct 2008).

officer	country	age	start	end	role
Mr Mohammed Rashid	England	56 years	Sep 2008	-	Director
Mr Hassan Ahmed	England	73 years	Oct 2008	-	Director
Mr Ernest Wright	England	82 years	Mar 2010	-	Director
Mr Azad Choudhry	England	81 years	Dec 2013	-	Director

P&L

March 2023

turnover

2.5m

+25%

operating profit

-1.1k

gross margin

64.3%

-3.98%

turnover

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

Balance Sheet

March 2023

net assets

2.7m

total assets

3.5m

-0.1%

cash

1.3m

-0.13%

net assets

Total assets minus all liabilities

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company number

06705550

Type

Private Limited by guarantee without Share Capital Exempt from using Limited

industry

64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors

incorporation date

September 2008

ultimate parent company

None

previous names

N/A

address

6 sherwood rise, nottingham, NG7 6JF

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 20 charges/mortgages relating to enterprise loans east midlands. Currently there are 4 open charges and 16 have been satisfied in the past.

enterprise loans east midlands Company Information

enterprise loans east midlands Estimated Valuation

enterprise loans east midlands Estimated Valuation

enterprise loans east midlands Estimated Valuation

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