Pomanda estimates the enterprise value of ABIDE FINANCIAL LTD at £17.7m based on a Turnover of £8.6m and 2.07x industry multiple (adjusted for size and gross margin).
abide financial ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of ABIDE FINANCIAL LTD at £0 based on an EBITDA of £-27m and a 6.78x industry multiple (adjusted for size and gross margin).
abide financial ltdEstimated Valuation
£0
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 LtdOverview
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.
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
Health Rating3out of 5
4 Strong
3 Regular
4 Weak
Size
annual sales of £9.3m, make it larger than the average company (£2.3m)
£9.3m - Abide Financial Ltd
£2.3m - 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 76.7%, this company has a comparable cost of product (76.7%)
76.7% - Abide Financial Ltd
76.7% - 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 53 days, this is slower than average (41 days)
53 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 (47.1%)
321.9% - Abide Financial Ltd
47.1% - Industry AVG
ABIDE FINANCIAL LTD financials
EXPORT
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
1,932,879
1,121,355
Other Income Or Grants
Cost Of Sales
417,887
2,172,525
2,022,943
1,024,954
552,647
398,676
228,969
652,900
414,720
Gross Profit
8,170,113
7,169,475
5,187,057
4,218,046
4,417,197
3,367,460
1,623,250
1,279,979
706,635
Admin Expenses
35,294,113
24,111,475
9,670,057
6,965,046
4,440,379
2,883,121
1,173,885
1,169,702
791,934
Operating Profit
-27,124,000
-16,942,000
-4,483,000
-2,747,000
-23,182
484,339
449,365
110,277
-85,299
Interest Payable
106,000
127,000
94,000
49,000
770
2,693
1,491
Interest Receivable
317
194
Pre-Tax Profit
-27,230,000
-17,069,000
-4,577,000
-2,796,000
-23,182
484,339
448,595
107,901
-86,596
Tax
4,807,000
3,108,000
898,000
275,000
116,886
-100,822
-53,944
-24,817
Profit After Tax
-22,423,000
-13,961,000
-3,679,000
-2,521,000
93,704
383,517
394,651
83,084
-86,596
Dividends Paid
131,563
Retained Profit
-22,423,000
-13,961,000
-3,679,000
-2,521,000
93,704
251,954
394,651
83,084
-86,596
Employee Costs
6,290,000
8,933,000
4,709,000
3,822,000
2,667,348
1,625,487
787,719
1,092,807
730,644
Number Of Employees
61
75
80
77
36
20
13
13
9
EBITDA*
-27,012,000
-16,154,000
-4,178,000
-2,461,000
248,826
610,868
554,841
122,561
-79,662
* 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
111,000
232,000
220,000
216,513
167,025
116,023
29,256
25,061
Intangible Assets
1,000
4,011,000
2,475,000
1,104,956
398,351
213,683
Investments & Other
505,000
519,000
Debtors (Due After 1 year)
Total Fixed Assets
617,000
4,762,000
2,695,000
1,321,469
565,376
329,706
29,256
25,061
Stock & work in progress
Trade Debtors
1,404,000
1,112,000
2,785,000
391,000
605,216
339,700
494,984
216,853
138,723
Group Debtors
614,000
135,000
260,000
Misc Debtors
6,125,000
4,627,000
636,000
1,573,000
1,064,345
642,666
40,964
Cash
502,000
1,015,000
1,063,000
333,000
789,189
324,965
554,885
49,232
77,488
misc current assets
40,000
898,000
285,000
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
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
Bank overdraft
Bank loan
Trade Creditors
298,000
318,000
1,413,000
121,000
145,201
195,664
66,278
84,489
Group/Directors Accounts
29,494,000
22,639,000
6,786,000
49,000
other short term finances
9,039
8,905
hp & lease commitments
other current liabilities
17,663,000
1,210,000
1,568,000
1,288,000
659,612
800,533
751,666
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
loans
3,421,000
3,000,000
27,939
36,978
hp & lease commitments
Accruals and Deferred Income
other liabilities
121,000
32,718
20,775
27,495
provisions
86,882
37,166
48,765
4,821
total long term liabilities
121,000
3,421,000
3,000,000
86,882
37,166
81,483
53,535
64,473
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
net assets
-37,687,000
-16,742,000
-2,784,000
819,000
2,888,524
839,344
587,390
166,489
83,405
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
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
110,277
-85,299
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
Tax
4,807,000
3,108,000
898,000
275,000
116,886
-100,822
-53,944
-24,817
Stock
Debtors
4,462,000
2,193,000
1,717,000
294,439
687,195
446,418
319,095
78,130
138,723
Creditors
-1,115,000
-1,095,000
1,292,000
-24,201
-50,463
195,664
-66,278
-18,211
84,489
Accruals and Deferred Income
16,095,000
-358,000
280,000
628,388
-140,921
48,867
751,666
Deferred Taxes & Provisions
-86,882
49,716
-11,599
43,944
4,821
Cash flow from operations
-11,687,000
-16,692,000
-3,425,000
-1,963,134
-463,151
296,560
911,134
6,224
-133,896
Investing Activities
capital expenditure
4,131,000
3,343,000
-1,853,000
-1,659,531
-1,028,101
-362,199
-405,926
-16,479
-30,698
Change in Investments
-519,000
-14,000
519,000
cash flow from investments
4,650,000
3,357,000
-2,372,000
-1,659,531
-1,028,101
-362,199
-405,926
-16,479
-30,698
Financing Activities
Bank loans
Group/Directors Accounts
22,708,000
15,853,000
6,737,000
49,000
Other Short Term Loans
-9,039
134
8,905
Long term loans
-3,421,000
-3,421,000
421,000
3,000,000
-27,939
-9,039
36,978
Hire Purchase and Lease Commitments
other long term liabilities
121,000
-32,718
11,943
-6,720
27,495
share issue
-12,480,000
3,000
76,000
451,476
1,955,476
26,250
170,001
interest
-106,000
-127,000
-94,000
-49,000
-770
-2,376
-1,297
cash flow from financing
6,701,000
12,429,000
7,140,000
3,451,476
1,955,476
-32,718
445
-18,001
242,082
cash and cash equivalents
cash
-561,000
-48,000
730,000
-456,189
464,224
-229,920
505,653
-28,256
77,488
overdraft
change in cash
-561,000
-48,000
730,000
-456,189
464,224
-229,920
505,653
-28,256
77,488
abide financial ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for abide financial ltd. Get real-time insights into abide financial ltd's credit score, group structure and payment trends.
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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.
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abide financial ltd Capital Raised & Share Issues BETA
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abide financial ltdCompanies House Filings - See Documents
