bridging funding limited
bridging funding limited Company Information
Company Number
07650031
Website
www.bridgingfunding.comRegistered Address
unit a6 kingfisher house, kingsway, gateshead, tyne & wear, NE11 0JQ
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
442079935678
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
james fleming 50%
reuben straker 50%
bridging funding limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGING FUNDING LIMITED at £173.5k based on a Turnover of £202.2k and 0.86x industry multiple (adjusted for size and gross margin).
bridging funding limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGING FUNDING LIMITED at £0 based on an EBITDA of £-101.2k and a 3.55x industry multiple (adjusted for size and gross margin).
bridging funding limited Estimated Valuation
Pomanda estimates the enterprise value of BRIDGING FUNDING LIMITED at £0 based on Net Assets of £-51.6k and 1.91x industry multiple (adjusted for liquidity).
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Bridging Funding Limited Overview
Bridging Funding Limited is a live company located in gateshead, NE11 0JQ with a Companies House number of 07650031. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2011, it's largest shareholder is james fleming with a 50% stake. Bridging Funding Limited is a established, micro sized company, Pomanda has estimated its turnover at £202.2k with declining growth in recent years.
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Bridging Funding Limited Health Check
Pomanda's financial health check has awarded Bridging Funding Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
8 Weak
Size
annual sales of £202.2k, make it smaller than the average company (£4.1m)
- Bridging Funding Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -55%, show it is growing at a slower rate (4%)
- Bridging Funding Limited
4% - Industry AVG
Production
with a gross margin of 22.3%, this company has a higher cost of product (62.4%)
- Bridging Funding Limited
62.4% - Industry AVG
Profitability
an operating margin of -50% make it less profitable than the average company (11.5%)
- Bridging Funding Limited
11.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (13)
2 - Bridging Funding Limited
13 - Industry AVG
Pay Structure
on an average salary of £72.8k, the company has an equivalent pay structure (£72.8k)
- Bridging Funding Limited
£72.8k - Industry AVG
Efficiency
resulting in sales per employee of £101.1k, this is less efficient (£205.9k)
- Bridging Funding Limited
£205.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Bridging Funding Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Bridging Funding Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Bridging Funding Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (39 weeks)
0 weeks - Bridging Funding Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.9%, this is a higher level of debt than the average (57%)
104.9% - Bridging Funding Limited
57% - Industry AVG
BRIDGING FUNDING LIMITED financials
Bridging Funding Limited's latest turnover from March 2023 is estimated at £202.2 thousand and the company has net assets of -£51.6 thousand. According to their latest financial statements, Bridging Funding Limited has 2 employees and maintains cash reserves of £1.1 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 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | |||||||
| EBITDA* |
* 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 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 9,905 | 9,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 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 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 9,905 | 9,905 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 1,150,000 | 1,150,000 | 950,000 | 1,254,177 | 873,579 | 237,600 | 1,051,000 | 916,500 | 485,625 | 355,250 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,050,000 | 1,150,000 | 180 | 180 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 1,113 | 1,996 | 3,002 | 3,002 | 204,326 | 0 | 0 | 765,151 | 172,198 | 63,584 | 224,244 | 178,106 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,051,113 | 1,151,996 | 1,153,182 | 1,153,182 | 1,154,326 | 1,254,177 | 873,579 | 1,002,751 | 1,223,198 | 980,084 | 709,869 | 533,356 |
| total assets | 1,061,018 | 1,161,901 | 1,153,182 | 1,153,182 | 1,154,326 | 1,254,177 | 873,579 | 1,002,751 | 1,223,198 | 980,084 | 709,869 | 533,356 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 1,203,946 | 826,793 | 960,147 | 1,216,071 | 994,498 | 705,552 | 534,819 |
| Group/Directors Accounts | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,112,578 | 1,112,353 | 1,101,608 | 1,101,608 | 1,101,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,112,578 | 1,112,353 | 1,101,608 | 1,101,608 | 1,101,983 | 1,203,946 | 826,793 | 960,147 | 1,216,071 | 994,498 | 705,552 | 534,819 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,112,578 | 1,112,353 | 1,101,608 | 1,101,608 | 1,101,983 | 1,203,946 | 826,793 | 960,147 | 1,216,071 | 994,498 | 705,552 | 534,819 |
| net assets | -51,560 | 49,548 | 51,574 | 51,574 | 52,343 | 50,231 | 46,786 | 42,604 | 7,127 | -14,414 | 4,317 | -1,463 |
| total shareholders funds | -51,560 | 49,548 | 51,574 | 51,574 | 52,343 | 50,231 | 46,786 | 42,604 | 7,127 | -14,414 | 4,317 | -1,463 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -100,000 | -180 | 0 | 200,180 | -304,177 | 380,598 | 635,979 | -813,400 | 134,500 | 430,875 | 485,625 | 355,250 |
| Creditors | 0 | 0 | 0 | 0 | -1,203,946 | 377,153 | -133,354 | -255,924 | 221,573 | 288,946 | 705,552 | 534,819 |
| Accruals and Deferred Income | 225 | 10,745 | 0 | -375 | 1,101,983 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 |
| Group/Directors Accounts | 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 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | -883 | -1,006 | 0 | -201,324 | 204,326 | 0 | -765,151 | 592,953 | 108,614 | -160,660 | 224,244 | 178,106 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -883 | -1,006 | 0 | -201,324 | 204,326 | 0 | -765,151 | 592,953 | 108,614 | -160,660 | 224,244 | 178,106 |
bridging funding limited Credit Report and Business Information
Bridging Funding Limited Competitor Analysis
Perform a competitor analysis for bridging funding limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
bridging funding limited Ownership
BRIDGING FUNDING LIMITED group structure
Bridging Funding Limited has no subsidiary companies.
Ultimate parent company
BRIDGING FUNDING LIMITED
07650031
bridging funding limited directors
Bridging Funding Limited currently has 2 directors. The longest serving directors include Mr Reuben Straker (Sep 2011) and Mr James Fleming (Nov 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Reuben Straker | 68 years | Sep 2011 | - | Director | |
| Mr James Fleming | Scotland | 80 years | Nov 2012 | - | Director |
P&L
March 2023turnover
202.2k
+4%
operating profit
-101.2k
0%
gross margin
22.4%
-8.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
-51.6k
-2.04%
total assets
1.1m
-0.09%
cash
1.1k
-0.44%
net assets
Total assets minus all liabilities
bridging funding limited company details
company number
07650031
Type
Private limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
May 2011
age
13
accounts
Dormant
ultimate parent company
previous names
hexagon 374 limited (September 2011)
incorporated
UK
address
unit a6 kingfisher house, kingsway, gateshead, tyne & wear, NE11 0JQ
last accounts submitted
March 2023
bridging funding 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 did not find charges/mortgages relating to bridging funding limited.
bridging funding limited Companies House Filings - See Documents
| date | description | view/download |
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