smart currency group limited

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smart currency group limited Company Information

Share SMART CURRENCY GROUP LIMITED

Company Number

08029548

Shareholders

john charles fairbairn purdy

smart currency group limited

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Group Structure

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Industry

Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

 

Registered Address

7th floor 1 lyric square, hammersmith, london, W6 0NB

smart currency group limited Estimated Valuation

£64.3m

Pomanda estimates the enterprise value of SMART CURRENCY GROUP LIMITED at £64.3m based on a Turnover of £21.9m and 2.94x industry multiple (adjusted for size and gross margin).

smart currency group limited Estimated Valuation

£22.2m

Pomanda estimates the enterprise value of SMART CURRENCY GROUP LIMITED at £22.2m based on an EBITDA of £1.8m and a 12.21x industry multiple (adjusted for size and gross margin).

smart currency group limited Estimated Valuation

£20.9m

Pomanda estimates the enterprise value of SMART CURRENCY GROUP LIMITED at £20.9m based on Net Assets of £15.6m and 1.34x industry multiple (adjusted for liquidity).

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Smart Currency Group Limited Overview

Smart Currency Group Limited is a live company located in london, W6 0NB with a Companies House number of 08029548. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in April 2012, it's largest shareholder is john charles fairbairn purdy with a 87.3% stake. Smart Currency Group Limited is a established, large sized company, Pomanda has estimated its turnover at £21.9m with high growth in recent years.

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Smart Currency Group Limited Health Check

Pomanda's financial health check has awarded Smart Currency Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

6 Strong

positive_score

3 Regular

positive_score

2 Weak

size

Size

annual sales of £21.9m, make it in line with the average company (£18.8m)

£21.9m - Smart Currency Group Limited

£18.8m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (9.1%)

25% - Smart Currency Group Limited

9.1% - Industry AVG

production

Production

with a gross margin of 85.9%, this company has a lower cost of product (34.8%)

85.9% - Smart Currency Group Limited

34.8% - Industry AVG

profitability

Profitability

an operating margin of 8% make it more profitable than the average company (4.7%)

8% - Smart Currency Group Limited

4.7% - Industry AVG

employees

Employees

with 128 employees, this is above the industry average (103)

128 - Smart Currency Group Limited

103 - Industry AVG

paystructure

Pay Structure

on an average salary of £81.8k, the company has a higher pay structure (£43.1k)

£81.8k - Smart Currency Group Limited

£43.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £171k, this is equally as efficient (£186.7k)

£171k - Smart Currency Group Limited

£186.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 333 days, this is later than average (45 days)

333 days - Smart Currency Group Limited

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2012 days, this is slower than average (45 days)

2012 days - Smart Currency Group Limited

45 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Smart Currency Group Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 42 weeks, this is more cash available to meet short term requirements (14 weeks)

42 weeks - Smart Currency Group Limited

14 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 75.5%, this is a similar level of debt than the average (68.9%)

75.5% - Smart Currency Group Limited

68.9% - Industry AVG

SMART CURRENCY GROUP LIMITED financials

EXPORTms excel logo

Smart Currency Group Limited's latest turnover from October 2023 is £21.9 million and the company has net assets of £15.6 million. According to their latest financial statements, Smart Currency Group Limited has 128 employees and maintains cash reserves of £39.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Turnover21,882,95024,876,33715,315,14711,311,29311,679,63511,653,41211,962,00810,515,0309,132,2717,213,1780
Other Income Or Grants00000000000
Cost Of Sales3,080,2795,944,5022,416,1541,735,5811,665,9571,889,4372,502,042369,746318,922254,7060
Gross Profit18,802,67118,931,83512,898,9939,575,71210,013,6789,763,9759,459,96610,145,2848,813,3496,958,4720
Admin Expenses17,054,62413,555,29111,019,7168,959,9529,054,7418,297,5018,523,8799,014,1477,842,3205,484,7070
Operating Profit1,748,0475,376,5441,879,277615,760958,9371,466,474936,0871,131,137971,0291,473,7650
Interest Payable000039310,9023,40618,47119,16300
Interest Receivable1,009,57826,9892,1916,13517,8507,9168,23511,76812,1339,1650
Pre-Tax Profit2,783,9825,182,3271,881,468621,895976,3941,463,488940,9161,124,434343,4091,482,9300
Tax-242,130-503,577-389,93110,391-63,109-291,952-171,833-210,747-162,220-328,1720
Profit After Tax2,541,8524,678,7501,491,537632,286913,2851,171,536769,083913,687181,1891,154,7580
Dividends Paid00000000000
Retained Profit2,541,8524,678,7501,491,537632,286913,2851,171,536769,083913,687181,1891,154,7580
Employee Costs10,476,6349,277,6836,859,6235,185,1155,388,3385,036,6924,990,9154,039,3984,204,2262,923,3550
Number Of Employees12811196939391908379640
EBITDA*1,818,5175,440,5601,933,904665,719989,3711,481,109953,6821,174,2951,009,4571,502,8800

* Earnings Before Interest, Tax, Depreciation and Amortisation

Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Tangible Assets81,60698,359100,672102,61892,44843,90352,78659,19657,38764,4270
Intangible Assets3,58617,92432,26146,59960,936000000
Investments & Other084,06883,18479,29676,45744,468025,00025,00025,0000
Debtors (Due After 1 year)2,513,9142,300,000000000000
Total Fixed Assets2,599,1062,500,351216,117228,513229,84188,37152,78684,19682,38789,4270
Stock & work in progress00000000000
Trade Debtors19,986,41020,360,47977,05071,238249,219465,960169,5092,8137,34836,9720
Group Debtors00000000000
Misc Debtors1,686,6882,745,0023,589,4942,845,3773,011,5402,288,4981,890,269898,726527,077315,4140
Cash39,232,04753,215,36842,359,57729,921,63825,417,77829,432,93829,561,52528,954,13227,557,60714,884,9020
misc current assets00000000000
total current assets60,905,14576,320,84946,026,12132,838,25328,678,53732,187,39631,621,30329,855,67128,092,03215,237,2880
total assets63,504,25178,821,20046,242,23833,066,76628,908,37832,275,76731,674,08929,939,86728,174,41915,326,7150
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 16,981,42420,698,9711,364,494204,444990,7681,481,040750,601254,876376,098171,2730
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities30,972,43745,104,03636,528,63825,592,69821,280,27225,070,67426,370,97125,901,55724,948,62412,530,1340
total current liabilities47,953,86165,803,00737,893,13225,797,14222,271,04026,551,71427,121,57226,156,43325,324,72212,701,4070
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities00000000000
provisions00000000000
total long term liabilities00000000000
total liabilities47,953,86165,803,00737,893,13225,797,14222,271,04026,551,71427,121,57226,156,43325,324,72212,701,4070
net assets15,550,39013,018,1938,349,1067,269,6246,637,3385,724,0534,552,5173,783,4342,849,6972,625,3080
total shareholders funds15,550,39013,018,1938,349,1067,269,6246,637,3385,724,0534,552,5173,783,4342,849,6972,625,3080
Oct 2023Oct 2022Oct 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013
Operating Activities
Operating Profit1,748,0475,376,5441,879,277615,760958,9371,466,474936,0871,131,137971,0291,473,7650
Depreciation56,13249,67940,28935,62219,68114,63517,59543,15838,42829,1150
Amortisation14,33814,33714,33814,33710,753000000
Tax-242,130-503,577-389,93110,391-63,109-291,952-171,833-210,747-162,220-328,1720
Stock00000000000
Debtors-1,218,46921,738,937749,929-344,144506,301694,6801,158,239367,114182,039352,3860
Creditors-3,717,54719,334,4771,160,050-786,324-490,272730,439495,725-121,222204,825171,2730
Accruals and Deferred Income-14,131,5998,575,39810,935,9404,312,426-3,790,402-1,300,297469,414952,93312,418,49012,530,1340
Deferred Taxes & Provisions00000000000
Cash flow from operations-15,054,29011,107,92112,890,0344,546,356-3,860,713-75,381588,7491,428,14513,288,51313,523,7290
Investing Activities
capital expenditure00000-50,220-11,188-44,968-31,388-47,7110
Change in Investments-84,0688843,8882,83931,98944,468-25,0000025,0000
cash flow from investments84,068-884-3,888-2,839-31,989-94,68813,812-44,968-31,388-72,7110
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities00000000000
share issue-9,655-9,663-412,055000020,05043,2001,470,5500
interest1,009,57826,9892,1916,13517,457-2,9864,829-6,703-7,0309,1650
cash flow from financing999,92317,326-409,8646,13517,457-2,9864,82913,34736,1701,479,7150
cash and cash equivalents
cash-13,983,32110,855,79112,437,9394,503,860-4,015,160-128,587607,3931,396,52512,672,70514,884,9020
overdraft00000000000
change in cash-13,983,32110,855,79112,437,9394,503,860-4,015,160-128,587607,3931,396,52512,672,70514,884,9020

smart currency group limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Smart Currency Group Limited Competitor Analysis

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Perform a competitor analysis for smart currency group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W 6 area or any other competitors across 12 key performance metrics.

smart currency group limited Ownership

SMART CURRENCY GROUP LIMITED group structure

Smart Currency Group Limited has 1 subsidiary company.

Ultimate parent company

SMART CURRENCY GROUP LIMITED

08029548

1 subsidiary

SMART CURRENCY GROUP LIMITED Shareholders

john charles fairbairn purdy 87.31%
smart currency group limited 8.73%
jana harris 1.69%
alexander bennett 1.69%
nicholas craig lord 0.56%

smart currency group limited directors

Smart Currency Group Limited currently has 2 directors. The longest serving directors include Mr John Purdy (Apr 2012) and Mr Nicholas Lord (Sep 2022).

officercountryagestartendrole
Mr John Purdy66 years Apr 2012- Director
Mr Nicholas LordUnited Kingdom42 years Sep 2022- Director

P&L

October 2023

turnover

21.9m

-12%

operating profit

1.7m

-67%

gross margin

86%

+12.9%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

October 2023

net assets

15.6m

+0.19%

total assets

63.5m

-0.19%

cash

39.2m

-0.26%

net assets

Total assets minus all liabilities

smart currency group limited company details

company number

08029548

Type

Private limited with Share Capital

industry

64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.

incorporation date

April 2012

age

13

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

October 2023

previous names

N/A

accountant

-

auditor

PKF LITTLEJOHN LLP

address

7th floor 1 lyric square, hammersmith, london, W6 0NB

Bank

-

Legal Advisor

-

smart currency group 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 smart currency group limited.

smart currency group limited 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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smart currency group limited Companies House Filings - See Documents

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