Etc Finance Limited

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etc finance limited Company Information

Live

EstablishedSmallHealthy

Company Number

06887573

Website

https://etcfinance.co.uk

Registered Address

82 st john street, london, EC1M 4JN

Industry

Accounting, and auditing activities

Telephone

02073055660

Next Accounts Due

December 2024

Group Structure

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Directors

Stephen Easthope15 Years

Alan Morgan15 Years

Shareholders

alan morgan 37.3%

stephen easthope 37.3%

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etc finance limited Estimated Valuation

£752.6k

Pomanda estimates the enterprise value of ETC FINANCE LIMITED at £752.6k based on an EBITDA of £159.3k and a 4.72x industry multiple (adjusted for size and gross margin).

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Etc Finance Limited is a live company located in london, EC1M 4JN with a Companies House number of 06887573. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in April 2009, it's largest shareholder is alan morgan with a 37.3% stake. Etc Finance Limited is a established, small sized company, Pomanda has estimated its turnover at £832.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Etc Finance Limited a 3.5 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

Health Rating3.5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £832.3k, make it larger than the average company (£138.5k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.8%)

EXPORT

Etc Finance Limited's latest turnover from March 2023 is estimated at £832.3 thousand and the company has net assets of £13.9 thousand. According to their latest financial statements, Etc Finance Limited has 29 employees and maintains cash reserves of £12.5 thousand 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	832,304	527,822	545,623	674,047	641,774	850,332	1,560,271	920,701	1,189,082	1,008,042	746,496	509,430	280,163	119,419
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	257,890	183,424	183,841	111,640	80,692	63,403	92,554	70,103	107,832	83,123	89,298	57,393	22,095	11,897
Gross Profit	574,414	344,398	361,782	562,408	561,081	786,930	1,467,717	850,598	1,081,251	924,919	657,198	452,037	258,068	107,522
Admin Expenses	463,321	101,958	698,327	588,593	562,023	953,481	1,429,904	843,137	1,082,515	935,707	693,558	411,670	233,302	107,128
Operating Profit	111,093	242,440	-336,545	-26,185	-942	-166,551	37,813	7,461	-1,264	-10,788	-36,360	40,367	24,766	394
Interest Payable	10,118	13,125	7,704	0	8,951	16,863	9,421	1,554	0	0	0	0	0	0
Interest Receivable	2,212	825	64	0	19	62	25	0	6	22	106	141	156	106
Pre-Tax Profit	103,186	230,140	-344,184	-26,185	-9,874	-183,352	28,416	5,906	-1,258	-10,766	-36,254	40,508	24,922	500
Tax	-19,605	-43,727	0	0	0	0	-5,683	-1,181	0	0	0	-10,532	-6,978	-140
Profit After Tax	83,581	186,413	-344,184	-26,185	-9,874	-183,352	22,733	4,725	-1,258	-10,766	-36,254	29,976	17,944	360
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	83,581	186,413	-344,184	-26,185	-9,874	-183,352	22,733	4,725	-1,258	-10,766	-36,254	29,976	17,944	360
Employee Costs	574,142	464,339	406,254	189,241	248,850	713,167	676,542	386,249	534,369	507,794	366,234	269,240	132,104	44,075
Number Of Employees	29	22	20	11	11	32	27	14	19	17	13	10	5	2
EBITDA*	159,295	286,102	-280,129	-26,185	-942	-106,726	69,683	16,511	7,786	-1,607	-33,952	41,880	26,279	394

* 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	169,409	192,412	223,893	274,792	302,548	351,997	215,667	87,030	87,431	50,009	4,197	3,025	4,538	0
Intangible Assets	30,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	199,409	192,412	223,893	274,792	302,548	351,997	215,667	87,030	87,431	50,009	4,197	3,025	4,538	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	97,935	46,484	69,158	163,868	159,690	112,942	333,221	154,116	176,413	137,226	104,897	73,274	39,416	15,837
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	33,713	21,575	13,567	0	0	98,420	225,183	16,376	0	0	0	0	0	0
Cash	12,489	91,599	128,272	0	0	4,983	19,755	0	0	2,538	6,262	36,256	20,034	42,504
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	144,137	159,658	210,997	163,868	159,690	216,345	578,159	170,492	176,413	139,764	111,159	109,530	59,450	58,341
total assets	343,546	352,070	434,890	438,660	462,238	568,342	793,826	257,522	263,844	189,773	115,356	112,555	63,988	58,341
Bank overdraft	10,000	10,000	0	0	0	0	67,200	47,829	0	0	0	0	0	0
Bank loan	0	0	77,953	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	71,214	19,993	23,366	340,683	360,185	107,359	111,842	46,176	263,840	188,511	103,328	64,273	45,682	57,979
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	197,359	265,474	415,077	0	0	71,661	120,865	158,788	0	0	0	0	0	0
total current liabilities	278,573	295,467	516,396	340,683	360,185	179,020	299,907	252,793	263,840	188,511	103,328	64,273	45,682	57,979
loans	51,108	126,319	174,623	0	0	265,208	186,453	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	289,928	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
total long term liabilities	51,108	126,319	174,623	289,928	267,819	265,208	186,453	0	0	0	0	0	0	0
total liabilities	329,681	421,786	691,019	630,611	628,004	444,228	486,360	252,793	263,840	188,511	103,328	64,273	45,682	57,979
net assets	13,865	-69,716	-256,129	-191,951	-165,766	124,114	307,466	4,729	4	1,262	12,028	48,282	18,306	362
total shareholders funds	13,865	-69,716	-256,129	-191,951	-165,766	124,114	307,466	4,729	4	1,262	12,028	48,282	18,306	362

	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	111,093	242,440	-336,545	-26,185	-942	-166,551	37,813	7,461	-1,264	-10,788	-36,360	40,367	24,766	394
Depreciation	48,202	43,662	56,416	0	0	59,825	31,870	9,050	9,050	9,181	2,408	1,513	1,513	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-19,605	-43,727	0	0	0	0	-5,683	-1,181	0	0	0	-10,532	-6,978	-140
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	63,589	-14,666	-81,143	4,178	-51,672	-347,042	387,912	-5,921	39,187	32,329	31,623	33,858	23,579	15,837
Creditors	51,221	-3,373	-317,317	-19,502	252,826	-4,483	65,666	-217,664	75,329	85,183	39,055	18,591	-12,297	57,979
Accruals and Deferred Income	-68,115	-149,603	415,077	0	-71,661	-49,204	-37,923	158,788	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	59,207	104,065	-101,226	-49,865	231,895	186,629	-296,169	-37,625	43,928	51,247	-26,520	16,081	-16,575	42,396
Investing Activities
capital expenditure	-55,199	-12,181	-5,517	27,756	49,449	-196,155	-160,507	-8,649	-46,472	-54,993	-3,580	0	-6,051	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-55,199	-12,181	-5,517	27,756	49,449	-196,155	-160,507	-8,649	-46,472	-54,993	-3,580	0	-6,051	0
Financing Activities
Bank loans	0	-77,953	77,953	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-75,211	-48,304	174,623	0	-265,208	78,755	186,453	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	-289,928	289,928	0	0	0	0	0	0	0	0	0	0
share issue	0	0	280,006	0	-280,006	0	280,004	0	0	0	0	0	0	2
interest	-7,906	-12,300	-7,640	0	-8,932	-16,801	-9,396	-1,554	6	22	106	141	156	106
cash flow from financing	-83,117	-138,557	235,014	289,928	-554,146	61,954	457,061	-1,554	6	22	106	141	156	108
cash and cash equivalents
cash	-79,110	-36,673	128,272	0	-4,983	-14,772	19,755	0	-2,538	-3,724	-29,994	16,222	-22,470	42,504
overdraft	0	10,000	0	0	0	-67,200	19,371	47,829	0	0	0	0	0	0
change in cash	-79,110	-46,673	128,272	0	-4,983	52,428	384	-47,829	-2,538	-3,724	-29,994	16,222	-22,470	42,504

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ETC FINANCE LIMITED group structure

Etc Finance Limited has 1 subsidiary company.

Ultimate parent company

ETC FINANCE LIMITED

06887573

1 subsidiary

ETC HOSPITALITY (NORTH) LIMITED

09193008

ETC FINANCE LIMITED Shareholders

alan morgan	37.3%
stephen easthope	37.3%
peter milican	10%
john nugent	10%
aj hospitality management limited	3%
charles holmes	2.4%

Etc Finance Limited currently has 2 directors. The longest serving directors include Mr Stephen Easthope (Apr 2009) and Mr Alan Morgan (Apr 2009).

officer	country	age	start	end	role
Mr Stephen Easthope	United Kingdom	51 years	Apr 2009	-	Director
Mr Alan Morgan	United Kingdom	47 years	Apr 2009	-	Director

P&L

March 2023

turnover

832.3k

+58%

operating profit

111.1k

gross margin

69.1%

+5.77%

turnover

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

Balance Sheet

March 2023

net assets

13.9k

-1.2%

total assets

343.5k

-0.02%

cash

12.5k

-0.86%

net assets

Total assets minus all liabilities

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company number

06887573

Type

Private limited with Share Capital

industry

69201 - Accounting, and auditing activities

incorporation date

April 2009

ultimate parent company

None

previous names

etc hospitality limited (March 2021)

address

82 st john street, london, EC1M 4JN

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 2 charges/mortgages relating to etc finance limited. Currently there are 0 open charges and 2 have been satisfied in the past.

etc finance limited Company Information

etc finance limited Estimated Valuation

etc finance limited Estimated Valuation

etc finance limited Estimated Valuation

Etc Finance Limited Overview

Etc Finance Limited Health Check

ETC FINANCE LIMITED financials

etc finance limited Credit Report and Business Information

Etc Finance Limited Competitor Analysis

etc finance limited Ownership

etc finance limited directors

etc finance limited company details

etc finance limited Charges & Mortgages

etc finance limited Companies House Filings - See Documents