funding circle holdings plc
funding circle holdings plc Company Information
Company Number
07123934
Registered Address
71 queen victoria street, london, EC4V 4AY
Industry
Other business support service activities n.e.c.
Telephone
02074019111
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
a f aktieselskabet 39.5%
index ventures growth ii (jersey) lp 37.6%
View Allfunding circle holdings plc Estimated Valuation
The estimated valuation range for funding circle holdings plc, derived from financial data as of December 2022 and the most recent industry multiples, is between £21.3m to £656.9m
funding circle holdings plc Estimated Valuation
The estimated valuation range for funding circle holdings plc, derived from financial data as of December 2022 and the most recent industry multiples, is between £21.3m to £656.9m
funding circle holdings plc Estimated Valuation
The estimated valuation range for funding circle holdings plc, derived from financial data as of December 2022 and the most recent industry multiples, is between £21.3m to £656.9m
Get a detailed valuation report, edit figures and unlock valuation multiples.
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Funding Circle Holdings Plc Overview
Funding Circle Holdings Plc is a live company located in london, EC4V 4AY with a Companies House number of 07123934. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in January 2010, it's largest shareholder is a f aktieselskabet with a 39.5% stake. Funding Circle Holdings Plc is a established, mega sized company, Pomanda has estimated its turnover at £148.7m with declining growth in recent years.
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Funding Circle Holdings Plc Health Check
Pomanda's financial health check has awarded Funding Circle Holdings Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £148.7m, make it larger than the average company (£3.7m)
£148.7m - Funding Circle Holdings Plc
£3.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (3%)
-6% - Funding Circle Holdings Plc
3% - Industry AVG
Production
with a gross margin of 38.9%, this company has a comparable cost of product (38.9%)
38.9% - Funding Circle Holdings Plc
38.9% - Industry AVG
Profitability
an operating margin of -9.9% make it less profitable than the average company (6.3%)
-9.9% - Funding Circle Holdings Plc
6.3% - Industry AVG
Employees
with 893 employees, this is above the industry average (25)
893 - Funding Circle Holdings Plc
25 - Industry AVG
Pay Structure
on an average salary of £96.2k, the company has a higher pay structure (£50.5k)
£96.2k - Funding Circle Holdings Plc
£50.5k - Industry AVG
Efficiency
resulting in sales per employee of £166.5k, this is equally as efficient (£157.8k)
£166.5k - Funding Circle Holdings Plc
£157.8k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (44 days)
0 days - Funding Circle Holdings Plc
44 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (33 days)
10 days - Funding Circle Holdings Plc
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Funding Circle Holdings Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 145 weeks, this is more cash available to meet short term requirements (24 weeks)
145 weeks - Funding Circle Holdings Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26%, this is a lower level of debt than the average (63.6%)
26% - Funding Circle Holdings Plc
63.6% - Industry AVG
funding circle holdings plc Credit Report and Business Information
Funding Circle Holdings Plc Competitor Analysis
Perform a competitor analysis for funding circle holdings plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
funding circle holdings plc Ownership
FUNDING CIRCLE HOLDINGS PLC group structure
Funding Circle Holdings Plc has 4 subsidiary companies.
Ultimate parent company
FUNDING CIRCLE HOLDINGS PLC
07123934
4 subsidiaries
funding circle holdings plc directors
Funding Circle Holdings Plc currently has 10 directors. The longest serving directors include Mr Samir Desai (Jan 2010) and Mr Andrew Learoyd (Feb 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Samir Desai | England | 40 years | Jan 2010 | - | Director |
| Mr Andrew Learoyd | England | 63 years | Feb 2010 | - | Director |
| Mr Neil Rimer | England | 60 years | Mar 2011 | - | Director |
| Mr Hendrik Nelis | United Kingdom | 60 years | Sep 2013 | - | Director |
| Mr John Daniels | United Kingdom | 72 years | Sep 2016 | - | Director |
| Ms Geeta Gopalan | United Kingdom | 59 years | Nov 2018 | - | Director |
| Mr Oliver White | England | 56 years | Jun 2020 | - | Director |
| Mr Matthew King | United Kingdom | 67 years | May 2021 | - | Director |
| Ms Helen Beck | England | 62 years | Jun 2021 | - | Director |
| Mrs Lisa Jacobs | England | 39 years | Jan 2022 | - | Director |
FUNDING CIRCLE HOLDINGS PLC financials
Funding Circle Holdings Plc's latest turnover from December 2022 is £148.7 million and the company has net assets of £284 million. According to their latest financial statements, Funding Circle Holdings Plc has 893 employees and maintains cash reserves of £177.7 million 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 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 148,700,000 | 206,900,000 | 155,700,000 | 177,300,000 | 141,900,000 | 94,500,000 | 50,900,000 | 31,958,291 | 13,102,417 | 5,355,055 | 1,926,655 | 505,594 | 24,659 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 11,887,439 | 3,033,122 | 1,179,158 | 440,098 | 87,772 | 0 | |||||||
| Gross Profit | 20,070,852 | 10,069,295 | 4,175,897 | 1,486,557 | 417,822 | 24,659 | |||||||
| Admin Expenses | 59,794,069 | 29,636,704 | 9,387,866 | 5,574,220 | 1,560,806 | 542,851 | |||||||
| Operating Profit | -14,700,000 | 64,200,000 | -106,300,000 | -84,700,000 | -50,800,000 | -36,900,000 | -47,900,000 | -39,723,217 | -19,567,409 | -5,211,969 | -4,087,663 | -1,142,984 | -518,192 |
| Interest Payable | 900,000 | 1,100,000 | 1,400,000 | 1,200,000 | 1,000,000 | 0 | 0 | 0 | 0 | 158,159 | 221,988 | 181,654 | 0 |
| Interest Receivable | 2,300,000 | 100,000 | 400,000 | 1,800,000 | 900,000 | 600,000 | 700,000 | 217,270 | 205,929 | 0 | 0 | 1,375 | 193 |
| Pre-Tax Profit | -12,900,000 | 64,100,000 | -108,100,000 | -84,200,000 | -50,900,000 | -36,300,000 | -47,200,000 | -39,537,991 | -19,408,871 | -5,338,806 | -4,275,499 | -1,323,263 | -517,999 |
| Tax | 6,000,000 | -2,900,000 | -200,000 | -500,000 | 1,400,000 | 1,000,000 | 600,000 | -39,425 | 0 | 233,788 | 187,868 | 0 | 0 |
| Profit After Tax | -6,900,000 | 61,200,000 | -108,300,000 | -84,700,000 | -49,500,000 | -35,300,000 | -46,600,000 | -39,577,416 | -19,408,871 | -5,105,018 | -4,087,631 | -1,323,263 | -517,999 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -6,900,000 | 61,200,000 | -108,300,000 | -84,700,000 | -49,500,000 | -35,300,000 | -46,600,000 | -39,577,416 | -19,408,871 | -5,105,018 | -4,087,631 | -1,323,263 | -517,999 |
| Employee Costs | 85,900,000 | 77,700,000 | 89,500,000 | 90,300,000 | 84,800,000 | 60,500,000 | 51,400,000 | 27,458,818 | 11,178,617 | 4,030,574 | 1,962,392 | 464,795 | 85,547 |
| Number Of Employees | 893 | 804 | 911 | 954 | 719 | 601 | 484 | 182 | 75 | 31 | 9 | 5 | |
| EBITDA* | 2,300,000 | 82,000,000 | -89,100,000 | -69,800,000 | -38,300,000 | -30,100,000 | -43,700,000 | -38,282,126 | -19,076,623 | -5,064,254 | -4,051,174 | -1,136,187 | -516,759 |
* 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 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 83,400,000 | 139,100,000 | 85,900,000 | 53,900,000 | 25,500,000 | 5,000,000 | 6,300,000 | 6,406,732 | 2,685,919 | 674,668 | 401,606 | 32,946 | 4,003 |
| Intangible Assets | 28,200,000 | 24,900,000 | 24,400,000 | 34,900,000 | 63,800,000 | 57,500,000 | 53,100,000 | 39,303,498 | 9,624,136 | 9,087,472 | 0 | 0 | 0 |
| Investments & Other | 56,200,000 | 120,900,000 | 57,200,000 | 14,900,000 | 300,000 | 300,000 | 1,200,000 | 1,759,673 | 1,581,827 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 10,300,000 | 4,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 104,700,000 | 164,000,000 | 110,300,000 | 88,800,000 | 89,300,000 | 62,500,000 | 59,400,000 | 45,710,230 | 12,310,055 | 9,762,140 | 401,606 | 32,946 | 4,003 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 400,000 | 1,800,000 | 1,600,000 | 900,000 | 4,800,000 | 1,700,000 | 900,000 | 512,417 | 42,579 | 2,548 | 1,471 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 16,100,000 | 23,200,000 | 65,400,000 | 32,700,000 | 18,200,000 | 11,700,000 | 10,900,000 | 8,065,156 | 4,744,969 | 916,095 | 535,293 | 55,849 | 32,249 |
| Cash | 177,700,000 | 224,000,000 | 103,300,000 | 164,500,000 | 333,000,000 | 88,900,000 | 43,300,000 | 86,327,737 | 34,994,909 | 19,363,178 | 7,288,966 | 1,527,192 | 195,671 |
| misc current assets | 85,100,000 | 152,900,000 | 501,600,000 | 0 | 4,700,000 | 3,100,000 | 1,300,000 | 4,588,615 | 2,918,390 | 0 | 0 | 0 | 0 |
| total current assets | 279,300,000 | 401,900,000 | 671,900,000 | 906,700,000 | 360,700,000 | 105,400,000 | 56,400,000 | 99,493,925 | 42,700,847 | 20,281,821 | 7,825,730 | 1,583,041 | 227,920 |
| total assets | 384,000,000 | 565,900,000 | 782,200,000 | 995,500,000 | 450,000,000 | 167,900,000 | 115,800,000 | 145,204,155 | 55,010,902 | 30,043,961 | 8,227,336 | 1,615,987 | 231,923 |
| Bank overdraft | 0 | 0 | 171,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 265,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,500,000 | 3,700,000 | 2,100,000 | 3,200,000 | 2,800,000 | 2,400,000 | 1,600,000 | 2,185,862 | 1,075,829 | 682,463 | 306,394 | 114,260 | 18,707 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 23,700,000 | 140,300,000 | 294,300,000 | 348,700,000 | 0 | 0 | 0 | 0 | 2,743,870 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,200,000 | 6,900,000 | 7,300,000 | 8,500,000 | 5,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 30,300,000 | 36,100,000 | 40,700,000 | 19,600,000 | 20,300,000 | 11,700,000 | 9,600,000 | 9,503,661 | 2,558,588 | 1,672,807 | 687,463 | 205,180 | 21,012 |
| total current liabilities | 63,700,000 | 187,000,000 | 515,600,000 | 645,800,000 | 28,100,000 | 14,100,000 | 11,200,000 | 11,689,523 | 6,378,287 | 2,355,270 | 993,857 | 319,440 | 39,719 |
| loans | 70,400,000 | 180,400,000 | 95,600,000 | 59,600,000 | 40,200,000 | 0 | 0 | 0 | 0 | 0 | 2,246,573 | 2,236,849 | 0 |
| hp & lease commitments | 12,600,000 | 17,000,000 | 23,500,000 | 29,800,000 | 20,100,000 | 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 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,575,419 | 0 | 0 | 0 | 0 |
| provisions | 2,200,000 | 1,400,000 | 2,400,000 | 1,800,000 | 1,600,000 | 800,000 | 800,000 | 588,000 | 231,960 | 231,960 | 141,660 | 0 | 0 |
| total long term liabilities | 36,300,000 | 90,900,000 | 49,000,000 | 30,700,000 | 20,900,000 | 400,000 | 400,000 | 294,000 | 1,691,399 | 115,980 | 2,317,403 | 2,236,849 | 0 |
| total liabilities | 100,000,000 | 277,900,000 | 564,600,000 | 676,500,000 | 49,000,000 | 14,500,000 | 11,600,000 | 11,983,523 | 8,069,686 | 2,471,250 | 3,311,260 | 2,556,289 | 39,719 |
| net assets | 284,000,000 | 288,000,000 | 217,600,000 | 319,000,000 | 401,000,000 | 153,400,000 | 104,200,000 | 133,220,632 | 46,941,216 | 27,572,711 | 4,916,076 | -940,302 | 192,204 |
| total shareholders funds | 284,000,000 | 288,000,000 | 217,600,000 | 319,000,000 | 401,000,000 | 153,400,000 | 104,200,000 | 133,220,632 | 46,941,216 | 27,572,711 | 4,916,076 | -940,302 | 192,204 |
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -14,700,000 | 64,200,000 | -106,300,000 | -84,700,000 | -50,800,000 | -36,900,000 | -47,900,000 | -39,723,217 | -19,567,409 | -5,211,969 | -4,087,663 | -1,142,984 | -518,192 |
| Depreciation | 5,100,000 | 5,900,000 | 9,000,000 | 7,800,000 | 6,400,000 | 1,600,000 | 1,400,000 | 759,132 | 362,231 | 143,785 | 36,489 | 6,797 | 1,433 |
| Amortisation | 11,900,000 | 11,900,000 | 8,200,000 | 7,100,000 | 6,100,000 | 5,200,000 | 2,800,000 | 681,959 | 128,555 | 3,930 | 0 | 0 | 0 |
| Tax | 6,000,000 | -2,900,000 | -200,000 | -500,000 | 1,400,000 | 1,000,000 | 600,000 | -39,425 | 0 | 233,788 | 187,868 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -2,300,000 | -37,900,000 | 33,400,000 | 10,600,000 | 9,600,000 | 1,600,000 | 3,222,427 | 3,790,025 | 3,868,905 | 381,879 | 480,915 | 23,600 | 32,249 |
| Creditors | -1,200,000 | 1,600,000 | -1,100,000 | 400,000 | 400,000 | 800,000 | -585,862 | 1,110,033 | 393,366 | 376,069 | 192,134 | 95,553 | 18,707 |
| Accruals and Deferred Income | -5,800,000 | -4,600,000 | 21,100,000 | -700,000 | 8,600,000 | 2,100,000 | 96,339 | 6,945,073 | 885,781 | 985,344 | 482,283 | 184,168 | 21,012 |
| Deferred Taxes & Provisions | 800,000 | -1,000,000 | 600,000 | 200,000 | 800,000 | 0 | 212,000 | 356,040 | 0 | 90,300 | 141,660 | 0 | 0 |
| Cash flow from operations | 4,400,000 | 113,000,000 | -102,100,000 | -81,000,000 | -36,700,000 | -27,800,000 | -46,599,950 | -33,700,430 | -21,666,381 | -3,760,632 | -3,528,144 | -880,066 | -509,289 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -64,700,000 | 63,700,000 | 42,300,000 | 14,600,000 | 0 | -900,000 | -559,673 | 177,846 | 1,581,827 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | -265,800,000 | 265,800,000 | 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 |
| Other Short Term Loans | -116,600,000 | -154,000,000 | -54,400,000 | 348,700,000 | 0 | 0 | 0 | -2,743,870 | 2,743,870 | 0 | 0 | 0 | 0 |
| Long term loans | -110,000,000 | 84,800,000 | 36,000,000 | 19,400,000 | 40,200,000 | 0 | 0 | 0 | 0 | -2,246,573 | 9,724 | 2,236,849 | 0 |
| Hire Purchase and Lease Commitments | -4,100,000 | -6,900,000 | -7,500,000 | 13,200,000 | 25,100,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,575,419 | 1,575,419 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | 1,400,000 | -1,000,000 | -1,000,000 | 600,000 | -100,000 | 600,000 | 700,000 | 217,270 | 205,929 | -158,159 | -221,988 | -180,279 | 193 |
| cash flow from financing | -226,400,000 | -67,900,000 | -285,800,000 | 650,400,000 | 362,300,000 | 85,100,000 | 18,279,368 | 121,754,813 | 43,302,594 | 25,356,921 | 9,731,745 | 2,247,327 | 710,396 |
| cash and cash equivalents | |||||||||||||
| cash | -46,300,000 | 120,700,000 | -61,200,000 | -168,500,000 | 244,100,000 | 45,600,000 | -43,027,737 | 51,332,828 | 15,631,731 | 12,074,212 | 5,761,774 | 1,331,521 | 195,671 |
| overdraft | 0 | -171,200,000 | 171,200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -46,300,000 | 291,900,000 | -232,400,000 | -168,500,000 | 244,100,000 | 45,600,000 | -43,027,737 | 51,332,828 | 15,631,731 | 12,074,212 | 5,761,774 | 1,331,521 | 195,671 |
P&L
December 2022turnover
148.7m
-28%
operating profit
-14.7m
-123%
gross margin
38.9%
+3.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
284m
-0.01%
total assets
384m
-0.32%
cash
177.7m
-0.21%
net assets
Total assets minus all liabilities
funding circle holdings plc company details
company number
07123934
Type
Public limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
January 2010
age
14
accounts
Group
ultimate parent company
previous names
funding circle holdings limited (September 2018)
incorporated
UK
address
71 queen victoria street, london, EC4V 4AY
last accounts submitted
December 2022
funding circle holdings plc 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 funding circle holdings plc.
funding circle holdings plc Companies House Filings - See Documents
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