src transatlantic limited
src transatlantic limited Company Information
Company Number
07225997
Website
speedycashloans.co.ukRegistered Address
first floor 30 - 34, hounds gate, nottingham, NG1 7AB
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Telephone
-
Next Accounts Due
October 2024
Group Structure
View All
Shareholders
curo group holding corp 100%
src transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of SRC TRANSATLANTIC LIMITED at £70m based on a Turnover of £30.6m and 2.29x industry multiple (adjusted for size and gross margin).
src transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of SRC TRANSATLANTIC LIMITED at £0 based on an EBITDA of £-9.1m and a 7.64x industry multiple (adjusted for size and gross margin).
src transatlantic limited Estimated Valuation
Pomanda estimates the enterprise value of SRC TRANSATLANTIC LIMITED at £16.2m based on Net Assets of £8.3m and 1.95x industry multiple (adjusted for liquidity).
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Src Transatlantic Limited Overview
Src Transatlantic Limited is a dissolved company that was located in nottingham, NG1 7AB with a Companies House number of 07225997. It operated in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in April 2010, it's largest shareholder was curo group holding corp with a 100% stake. The last turnover for Src Transatlantic Limited was estimated at £30.6m.
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Src Transatlantic Limited Health Check
Pomanda's financial health check has awarded Src Transatlantic Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
0 Regular
5 Weak
Size
annual sales of £30.6m, make it larger than the average company (£5.7m)
£30.6m - Src Transatlantic Limited
£5.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -19%, show it is growing at a slower rate (9%)
-19% - Src Transatlantic Limited
9% - Industry AVG
Production
with a gross margin of 40.1%, this company has a higher cost of product (61.2%)
40.1% - Src Transatlantic Limited
61.2% - Industry AVG
Profitability
an operating margin of -56.1% make it less profitable than the average company (23.5%)
-56.1% - Src Transatlantic Limited
23.5% - Industry AVG
Employees
with 256 employees, this is above the industry average (35)
256 - Src Transatlantic Limited
35 - Industry AVG
Pay Structure
on an average salary of £33.1k, the company has a lower pay structure (£44.9k)
£33.1k - Src Transatlantic Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £119.4k, this is less efficient (£170k)
£119.4k - Src Transatlantic Limited
£170k - Industry AVG
Debtor Days
it gets paid by customers after 119 days, this is earlier than average (232 days)
119 days - Src Transatlantic Limited
232 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (63 days)
1 days - Src Transatlantic Limited
63 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Src Transatlantic Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (15 weeks)
47 weeks - Src Transatlantic Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63%, this is a lower level of debt than the average (90.5%)
63% - Src Transatlantic Limited
90.5% - Industry AVG
SRC TRANSATLANTIC LIMITED financials
Src Transatlantic Limited's latest turnover from December 2017 is £30.6 million and the company has net assets of £8.3 million. According to their latest financial statements, Src Transatlantic Limited has 256 employees and maintains cash reserves of £9.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 30,565,000 | 24,867,000 | 35,614,000 | 57,532,000 | 47,727,583 | 12,250,702 | 4,161,665 | 54,192 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 18,307,000 | 14,137,000 | 23,741,000 | 31,514,000 | 24,957,234 | 10,112,907 | 4,455,816 | 39,487 |
| Gross Profit | 12,258,000 | 10,730,000 | 11,873,000 | 26,018,000 | 22,770,349 | 2,137,795 | -294,151 | 14,705 |
| Admin Expenses | 29,418,000 | 26,436,000 | 35,822,000 | 31,782,000 | 28,400,049 | 11,413,450 | 5,366,621 | 763,882 |
| Operating Profit | -17,160,000 | -15,706,000 | -23,949,000 | -5,764,000 | -5,629,700 | -9,275,655 | -5,660,772 | -749,177 |
| Interest Payable | 512,000 | 843,000 | 712,000 | 631,000 | 694,763 | 147,544 | 132,882 | 0 |
| Interest Receivable | 9,000 | 20,000 | 26,000 | 38,000 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -15,670,000 | -24,209,000 | -26,626,000 | -8,341,000 | -6,324,463 | -9,423,199 | -5,793,654 | -749,177 |
| Tax | 0 | 21,000 | 80,000 | 133,000 | -1,211,934 | 0 | 0 | 0 |
| Profit After Tax | -15,670,000 | -24,188,000 | -26,546,000 | -8,208,000 | -7,536,397 | -9,423,199 | -5,793,654 | -749,177 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -15,670,000 | -24,188,000 | -26,546,000 | -8,208,000 | -7,536,397 | -9,423,199 | -5,793,654 | -749,177 |
| Employee Costs | 8,471,000 | 9,705,000 | 12,137,000 | 9,962,000 | 8,371,307 | 4,888,550 | 1,703,402 | 214,133 |
| Number Of Employees | 256 | 303 | 432 | 437 | 358 | 248 | 78 | 8 |
| EBITDA* | -9,082,000 | -7,484,000 | -15,410,000 | 2,929,000 | -4,845,267 | -8,750,171 | -5,524,092 | -742,751 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,137,000 | 2,314,000 | 2,930,000 | 5,297,000 | 5,335,533 | 5,711,362 | 3,034,948 | 771,733 |
| Intangible Assets | 956,000 | 8,210,000 | 15,778,000 | 23,353,000 | 35,736,135 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,093,000 | 10,524,000 | 18,708,000 | 28,650,000 | 41,071,668 | 5,711,362 | 3,034,948 | 771,733 |
| Stock & work in progress | 0 | 19,000 | 30,000 | 79,000 | 72,509 | 590,522 | 188,640 | 1,586 |
| Trade Debtors | 10,033,000 | 8,227,000 | 0 | 0 | 13,248,458 | 4,122,749 | 2,365,092 | 162,769 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,048,000 | 1,905,000 | 9,418,000 | 12,928,000 | 1,540,388 | 1,076,572 | 465,881 | 231,307 |
| Cash | 9,226,000 | 12,176,000 | 14,135,000 | 22,003,000 | 13,566,590 | 3,988,432 | 1,649,153 | 499,654 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 20,307,000 | 22,327,000 | 23,583,000 | 35,010,000 | 28,427,945 | 9,778,275 | 4,668,766 | 895,316 |
| total assets | 22,400,000 | 32,851,000 | 42,291,000 | 63,660,000 | 69,499,613 | 15,489,637 | 7,703,714 | 1,667,049 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 85,000 | 190,000 | 95,000 | 202,000 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 8,653,000 | 20,026,000 | 38,808,000 | 33,714,000 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,321,000 | 1,389,000 | 1,120,000 | 1,469,000 | 2,711,226 | 613,378 | 716,462 | 60,220 |
| total current liabilities | 10,059,000 | 21,605,000 | 40,023,000 | 35,385,000 | 2,711,226 | 613,378 | 716,462 | 60,220 |
| loans | 0 | 0 | 0 | 0 | 26,777,792 | 7,116,334 | 3,883,060 | 2,303,964 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 117,000 | 245,000 | 368,000 | 394,000 | 507,922 | 325,855 | 146,923 | 51,942 |
| other liabilities | 0 | 0 | 0 | 0 | 4,605,000 | 0 | 0 | 0 |
| provisions | 3,940,000 | 1,045,000 | 1,756,000 | 1,191,000 | 0 | 0 | 0 | 0 |
| total long term liabilities | 4,057,000 | 1,290,000 | 2,124,000 | 1,585,000 | 31,890,714 | 7,442,189 | 4,029,983 | 2,355,906 |
| total liabilities | 14,116,000 | 22,895,000 | 42,147,000 | 36,970,000 | 34,601,940 | 8,055,567 | 4,746,445 | 2,416,126 |
| net assets | 8,284,000 | 9,956,000 | 144,000 | 26,690,000 | 34,897,673 | 7,434,070 | 2,957,269 | -749,077 |
| total shareholders funds | 8,284,000 | 9,956,000 | 144,000 | 26,690,000 | 34,897,673 | 7,434,070 | 2,957,269 | -749,077 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -17,160,000 | -15,706,000 | -23,949,000 | -5,764,000 | -5,629,700 | -9,275,655 | -5,660,772 | -749,177 |
| Depreciation | 492,000 | 646,000 | 964,000 | 907,000 | 784,433 | 525,484 | 136,680 | 6,426 |
| Amortisation | 7,586,000 | 7,576,000 | 7,575,000 | 7,786,000 | 0 | 0 | 0 | 0 |
| Tax | 0 | 21,000 | 80,000 | 133,000 | -1,211,934 | 0 | 0 | 0 |
| Stock | -19,000 | -11,000 | -49,000 | 6,491 | -518,013 | 401,882 | 187,054 | 1,586 |
| Debtors | 949,000 | 714,000 | -3,510,000 | -1,860,846 | 9,589,525 | 2,368,348 | 2,436,897 | 394,076 |
| Creditors | -105,000 | 95,000 | -107,000 | 202,000 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -196,000 | 146,000 | -375,000 | -1,356,148 | 2,279,915 | 75,848 | 751,223 | 112,162 |
| Deferred Taxes & Provisions | 2,895,000 | -711,000 | 565,000 | 1,191,000 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -7,418,000 | -8,636,000 | -11,688,000 | 4,953,207 | -12,848,798 | -11,444,553 | -7,396,820 | -1,026,251 |
| Investing Activities | ||||||||
| capital expenditure | 351,000 | -37,000 | -105,000 | -1,132,000 | -107,371 | -3,201,898 | -2,399,895 | -778,159 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 351,000 | -37,000 | -105,000 | -1,132,000 | -107,371 | -3,201,898 | -2,399,895 | -778,159 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -11,373,000 | -18,782,000 | 5,094,000 | 33,714,000 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -26,777,792 | 19,661,458 | 3,233,274 | 1,579,096 | 2,303,964 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -4,605,000 | 4,605,000 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -503,000 | -823,000 | -686,000 | -593,000 | -694,763 | -147,544 | -132,882 | 0 |
| cash flow from financing | 2,122,000 | 14,395,000 | 4,408,000 | 1,738,535 | 58,571,695 | 16,985,730 | 10,946,214 | 2,304,064 |
| cash and cash equivalents | ||||||||
| cash | -2,950,000 | -1,959,000 | -7,868,000 | 8,436,410 | 9,578,158 | 2,339,279 | 1,149,499 | 499,654 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,950,000 | -1,959,000 | -7,868,000 | 8,436,410 | 9,578,158 | 2,339,279 | 1,149,499 | 499,654 |
src transatlantic limited Credit Report and Business Information
Src Transatlantic Limited Competitor Analysis
Perform a competitor analysis for src transatlantic limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in NG1 area or any other competitors across 12 key performance metrics.
src transatlantic limited Ownership
SRC TRANSATLANTIC LIMITED group structure
Src Transatlantic Limited has 1 subsidiary company.
Ultimate parent company
CURO GROUP HOLDING CORP
#0093993
1 parent
SRC TRANSATLANTIC LIMITED
07225997
1 subsidiary
src transatlantic limited directors
Src Transatlantic Limited currently has 2 directors. The longest serving directors include Mr William Baker (Feb 2016) and Mr Eugene Thomas Iv (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Baker | 43 years | Feb 2016 | - | Director | |
| Mr Eugene Thomas Iv | 47 years | Apr 2016 | - | Director |
P&L
December 2017turnover
30.6m
+23%
operating profit
-17.2m
+9%
gross margin
40.2%
-7.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
8.3m
-0.17%
total assets
22.4m
-0.32%
cash
9.2m
-0.24%
net assets
Total assets minus all liabilities
Similar Companies
src transatlantic limited company details
company number
07225997
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
April 2010
age
14
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2017
previous names
N/A
accountant
-
auditor
-
address
first floor 30 - 34, hounds gate, nottingham, NG1 7AB
Bank
BARCLAYS BANK PLC
Legal Advisor
-
src transatlantic limited 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 11 charges/mortgages relating to src transatlantic limited. Currently there are 11 open charges and 0 have been satisfied in the past.
src transatlantic limited Companies House Filings - See Documents
| date | description | view/download |
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