abide financial ltd
abide financial ltd Company Information
Company Number
07508665
Next Accounts
Feb 2025
Shareholders
nex optimisation limited
Group Structure
View All
Industry
Administration of financial markets
Registered Address
30 finsbury square, london, EC2A 1AG
Website
http://nexregreporting.comabide financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABIDE FINANCIAL LTD at £18.4m based on a Turnover of £8.6m and 2.14x industry multiple (adjusted for size and gross margin).
abide financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABIDE FINANCIAL LTD at £0 based on an EBITDA of £-27m and a 6.88x industry multiple (adjusted for size and gross margin).
abide financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABIDE FINANCIAL LTD at £0 based on Net Assets of £-37.7m and 2.32x industry multiple (adjusted for liquidity).
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Abide Financial Ltd Overview
Abide Financial Ltd is a dissolved company that was located in london, EC2A 1AG with a Companies House number of 07508665. It operated in the administration of financial markets sector, SIC Code 66110. Founded in January 2011, it's largest shareholder was nex optimisation limited with a 100% stake. The last turnover for Abide Financial Ltd was estimated at £8.6m.
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Abide Financial Ltd Health Check
Pomanda's financial health check has awarded Abide Financial Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £9.3m, make it larger than the average company (£2m)
£9.3m - Abide Financial Ltd
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (9.3%)
23% - Abide Financial Ltd
9.3% - Industry AVG
Production
with a gross margin of 83.5%, this company has a comparable cost of product (83.5%)
83.5% - Abide Financial Ltd
83.5% - Industry AVG
Profitability
an operating margin of -181.3% make it less profitable than the average company (10.1%)
-181.3% - Abide Financial Ltd
10.1% - Industry AVG
Employees
with 75 employees, this is above the industry average (26)
75 - Abide Financial Ltd
26 - Industry AVG
Pay Structure
on an average salary of £119.1k, the company has a higher pay structure (£55.6k)
£119.1k - Abide Financial Ltd
£55.6k - Industry AVG
Efficiency
resulting in sales per employee of £124.6k, this is equally as efficient (£118.2k)
£124.6k - Abide Financial Ltd
£118.2k - Industry AVG
Debtor Days
it gets paid by customers after 43 days, this is near the average (49 days)
43 days - Abide Financial Ltd
49 days - Industry AVG
Creditor Days
its suppliers are paid after 75 days, this is slower than average (41 days)
75 days - Abide Financial Ltd
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Abide Financial Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (52 weeks)
2 weeks - Abide Financial Ltd
52 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 321.9%, this is a higher level of debt than the average (45.9%)
321.9% - Abide Financial Ltd
45.9% - Industry AVG
ABIDE FINANCIAL LTD financials
Abide Financial Ltd's latest turnover from December 2019 is £8.6 million and the company has net assets of -£37.7 million. According to their latest financial statements, Abide Financial Ltd has 61 employees and maintains cash reserves of £502 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Mar 2019 | Mar 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 8,588,000 | 9,342,000 | 7,210,000 | 5,243,000 | 4,969,844 | 3,766,136 | 1,852,219 | |||
| Other Income Or Grants | 0 | 0 | 0 | |||||||
| Cost Of Sales | 552,647 | 398,676 | 228,969 | |||||||
| Gross Profit | 4,417,197 | 3,367,460 | 1,623,250 | |||||||
| Admin Expenses | 4,440,379 | 2,883,121 | 1,173,885 | |||||||
| Operating Profit | -27,124,000 | -16,942,000 | -4,483,000 | -2,747,000 | -23,182 | 484,339 | 449,365 | |||
| Interest Payable | 106,000 | 127,000 | 94,000 | 49,000 | 0 | 0 | 770 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -27,230,000 | -17,069,000 | -4,577,000 | -2,796,000 | -23,182 | 484,339 | 448,595 | |||
| Tax | 4,807,000 | 3,108,000 | 898,000 | 275,000 | 116,886 | -100,822 | -53,944 | |||
| Profit After Tax | -22,423,000 | -13,961,000 | -3,679,000 | -2,521,000 | 93,704 | 383,517 | 394,651 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 131,563 | 0 | |||
| Retained Profit | -22,423,000 | -13,961,000 | -3,679,000 | -2,521,000 | 93,704 | 251,954 | 394,651 | |||
| Employee Costs | 6,290,000 | 8,933,000 | 4,709,000 | 3,822,000 | ||||||
| Number Of Employees | 61 | 75 | 80 | 77 | ||||||
| EBITDA* | -27,012,000 | -16,154,000 | -4,178,000 | -2,461,000 | 248,826 | 610,868 | 554,841 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Mar 2019 | Mar 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 111,000 | 232,000 | 220,000 | 216,513 | 167,025 | 116,023 | 29,256 | 25,061 | 0 |
| Intangible Assets | 0 | 1,000 | 4,011,000 | 2,475,000 | 1,104,956 | 398,351 | 213,683 | 0 | 0 | 0 |
| Investments & Other | 0 | 505,000 | 519,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 617,000 | 4,762,000 | 2,695,000 | 1,321,469 | 565,376 | 329,706 | 29,256 | 25,061 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,404,000 | 1,112,000 | 2,785,000 | 391,000 | 605,216 | 339,700 | 494,984 | 216,853 | 138,723 | 0 |
| Group Debtors | 614,000 | 135,000 | 260,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 6,125,000 | 4,627,000 | 636,000 | 1,573,000 | 1,064,345 | 642,666 | 40,964 | 0 | 0 | 0 |
| Cash | 502,000 | 1,015,000 | 1,063,000 | 333,000 | 789,189 | 324,965 | 554,885 | 49,232 | 77,488 | 0 |
| misc current assets | 0 | 40,000 | 898,000 | 285,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,768,000 | 6,929,000 | 5,642,000 | 2,582,000 | 2,458,750 | 1,307,331 | 1,090,833 | 266,085 | 216,211 | 0 |
| total assets | 9,768,000 | 7,546,000 | 10,404,000 | 5,277,000 | 3,780,219 | 1,872,707 | 1,420,539 | 295,341 | 241,272 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 298,000 | 318,000 | 1,413,000 | 121,000 | 145,201 | 195,664 | 0 | 66,278 | 84,489 | 0 |
| Group/Directors Accounts | 29,494,000 | 22,639,000 | 6,786,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,039 | 8,905 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 17,663,000 | 1,210,000 | 1,568,000 | 1,288,000 | 659,612 | 800,533 | 751,666 | 0 | 0 | 0 |
| total current liabilities | 47,455,000 | 24,167,000 | 9,767,000 | 1,458,000 | 804,813 | 996,197 | 751,666 | 75,317 | 93,394 | 0 |
| loans | 0 | 0 | 3,421,000 | 3,000,000 | 0 | 0 | 0 | 27,939 | 36,978 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 121,000 | 0 | 0 | 0 | 0 | 32,718 | 20,775 | 27,495 | 0 |
| provisions | 0 | 0 | 0 | 0 | 86,882 | 37,166 | 48,765 | 4,821 | 0 | 0 |
| total long term liabilities | 0 | 121,000 | 3,421,000 | 3,000,000 | 86,882 | 37,166 | 81,483 | 53,535 | 64,473 | 0 |
| total liabilities | 47,455,000 | 24,288,000 | 13,188,000 | 4,458,000 | 891,695 | 1,033,363 | 833,149 | 128,852 | 157,867 | 0 |
| net assets | -37,687,000 | -16,742,000 | -2,784,000 | 819,000 | 2,888,524 | 839,344 | 587,390 | 166,489 | 83,405 | 0 |
| total shareholders funds | -37,687,000 | -16,742,000 | -2,784,000 | 819,000 | 2,888,524 | 839,344 | 587,390 | 166,489 | 83,405 | 0 |
| Dec 2019 | Mar 2019 | Mar 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -27,124,000 | -16,942,000 | -4,483,000 | -2,747,000 | -23,182 | 484,339 | 449,365 | |||
| Depreciation | 111,000 | 121,000 | 114,000 | 136,000 | 92,317 | 54,607 | 29,116 | 12,284 | 5,637 | |
| Amortisation | 1,000 | 667,000 | 191,000 | 150,000 | 179,691 | 71,922 | 76,360 | 0 | 0 | |
| Tax | 4,807,000 | 3,108,000 | 898,000 | 275,000 | 116,886 | -100,822 | -53,944 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 4,462,000 | 2,193,000 | 1,717,000 | 294,439 | 687,195 | 446,418 | 319,095 | 78,130 | 138,723 | 0 |
| Creditors | -1,115,000 | -1,095,000 | 1,292,000 | -24,201 | -50,463 | 195,664 | -66,278 | -18,211 | 84,489 | 0 |
| Accruals and Deferred Income | 16,095,000 | -358,000 | 280,000 | 628,388 | -140,921 | 48,867 | 751,666 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -86,882 | 49,716 | -11,599 | 43,944 | 4,821 | 0 | 0 |
| Cash flow from operations | -11,687,000 | -16,692,000 | -3,425,000 | -1,963,134 | -463,151 | 296,560 | 911,134 | |||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -519,000 | -14,000 | 519,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 22,708,000 | 15,853,000 | 6,737,000 | 49,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | -9,039 | 134 | 8,905 | 0 |
| Long term loans | -3,421,000 | -3,421,000 | 421,000 | 3,000,000 | 0 | 0 | -27,939 | -9,039 | 36,978 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 121,000 | 0 | 0 | 0 | -32,718 | 11,943 | -6,720 | 27,495 | 0 |
| share issue | ||||||||||
| interest | -106,000 | -127,000 | -94,000 | -49,000 | 0 | 0 | -770 | |||
| cash flow from financing | 6,701,000 | 12,429,000 | 7,140,000 | 3,451,476 | 1,955,476 | -32,718 | 445 | |||
| cash and cash equivalents | ||||||||||
| cash | -561,000 | -48,000 | 730,000 | -456,189 | 464,224 | -229,920 | 505,653 | -28,256 | 77,488 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -561,000 | -48,000 | 730,000 | -456,189 | 464,224 | -229,920 | 505,653 | -28,256 | 77,488 | 0 |
abide financial ltd Credit Report and Business Information
Abide Financial Ltd Competitor Analysis
Perform a competitor analysis for abide financial ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in EC2A area or any other competitors across 12 key performance metrics.
abide financial ltd Ownership
ABIDE FINANCIAL LTD group structure
Abide Financial Ltd has 2 subsidiary companies.
Ultimate parent company
CME GROUP INC
#0060383
2 parents
ABIDE FINANCIAL LTD
07508665
2 subsidiaries
abide financial ltd directors
Abide Financial Ltd currently has 2 directors. The longest serving directors include Ms Adrienne Seaman (Aug 2019) and Ms Adrienne Seaman (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Adrienne Seaman | England | 54 years | Aug 2019 | - | Director |
| Ms Adrienne Seaman | England | 54 years | Aug 2019 | - | Director |
P&L
December 2019turnover
8.6m
+19%
operating profit
-27.1m
+505%
gross margin
94.6%
+26.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-37.7m
+12.54%
total assets
9.8m
-0.06%
cash
502k
-0.53%
net assets
Total assets minus all liabilities
abide financial ltd company details
company number
07508665
Type
Private limited with Share Capital
industry
66110 - Administration of financial markets
incorporation date
January 2011
age
14
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2019
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
30 finsbury square, london, EC2A 1AG
Bank
-
Legal Advisor
-
abide financial ltd 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 abide financial ltd.
abide financial ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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abide financial ltd Companies House Filings - See Documents
| date | description | view/download |
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