Angel Advance Limited

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angel advance limited Company Information

Live

EstablishedMidDeclining

Company Number

08080440

Next Accounts

Dec 2024

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

Directors

Paul Kirszanek

Bethan Banks

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Shareholders

peter daniel done

nicola anne done-orrell

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Group Structure

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Contact

Registered Address

st andrews house, 1st floor, kelvin close, warrington, WA3 7PB

Website

www.angeladvance.co.uk

angel advance limited Estimated Valuation

£9.6m

Pomanda estimates the enterprise value of ANGEL ADVANCE LIMITED at £9.6m based on a Turnover of £6m and 1.6x industry multiple (adjusted for size and gross margin).

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Angel Advance Limited is a live company located in warrington, WA3 7PB with a Companies House number of 08080440. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2012, it's largest shareholder is peter daniel done with a 25% stake. Angel Advance Limited is a established, mid sized company, Pomanda has estimated its turnover at £6m with declining growth in recent years.

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Pomanda's financial health check has awarded Angel Advance Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £6m, make it larger than the average company (£3.9m)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (3.9%)

EXPORT

Angel Advance Limited's latest turnover from March 2023 is estimated at £6 million and the company has net assets of £647 thousand. According to their latest financial statements, Angel Advance Limited has 44 employees and maintains cash reserves of £134.5 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
Turnover	6,045,187	7,251,992	8,167,847	12,002,026	15,770,218	18,773,612	14,924,597	13,753,383	20,206,334	3,857,670
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,237,364	2,559,624	2,967,502	4,210,596	5,302,160	6,264,257	5,170,287	4,777,380	6,935,192	1,412,201
Gross Profit	3,807,823	4,692,369	5,200,344	7,791,430	10,468,058	12,509,354	9,754,311	8,976,003	13,271,142	2,445,469
Admin Expenses	4,096,891	4,822,003	5,499,347	8,223,383	10,460,236	12,155,003	9,638,630	8,765,615	13,051,261	2,588,226
Operating Profit	-289,068	-129,634	-299,003	-431,953	7,822	354,351	115,681	210,388	219,881	-142,757
Interest Payable	47,670	6,796	0	23,421	68,610	56,216	40,383	26,894	0	0
Interest Receivable	7,218	1,846	179	83	727	381	207	570	391	101
Pre-Tax Profit	-329,520	-134,583	-298,824	-455,291	-60,061	298,516	75,505	184,064	220,272	-142,656
Tax	0	0	0	0	0	-56,718	-15,101	-36,813	-46,257	0
Profit After Tax	-329,520	-134,583	-298,824	-455,291	-60,061	241,798	60,404	147,251	174,015	-142,656
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-329,520	-134,583	-298,824	-455,291	-60,061	241,798	60,404	147,251	174,015	-142,656
Employee Costs	3,177,111	2,883,298	3,356,293	4,119,290	4,687,936	4,266,889	3,658,408	2,670,771	6,399,923	1,244,220
Number Of Employees	44	41	50	60	70	65	58	44	110	21
EBITDA*	-270,549	-100,029	-252,111	-368,605	79,979	425,150	186,110	276,693	244,953	-135,335

* 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
Tangible Assets	92,602	29,723	49,234	97,087	136,232	198,882	250,542	305,064	299,690	69,142
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	40,403	29,780	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	92,602	29,723	49,234	137,490	166,012	198,882	250,542	305,064	299,690	69,142
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	384,602	687,414	822,303	1,398,874	2,310,416	3,260,969	2,517,871	2,651,859	2,670,914	477,041
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,308,144	794,085	477,802	275,755	137,127	109,119	107,708	8,704	548,545	0
Cash	134,523	205,157	287,150	71,039	94,744	99,132	53,396	111,945	115,862	40,593
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	1,827,269	1,686,656	1,587,255	1,745,668	2,542,287	3,469,220	2,678,975	2,772,508	3,335,321	517,634
total assets	1,919,871	1,716,379	1,636,489	1,883,158	2,708,299	3,668,102	2,929,517	3,077,572	3,635,011	586,776
Bank overdraft	0	0	0	0	0	483,588	403,588	519,634	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	35,520	90,560	50,411	78,343	95,369	79,041	112,107	71,134	2,627,106	728,332
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	133,445	80,627	168,997	733,255	1,273,171	1,687,659	1,925,418	1,804,141	0	0
total current liabilities	168,965	171,187	219,408	811,598	1,368,540	2,250,288	2,441,113	2,394,909	2,627,106	728,332
loans	728,800	201,348	0	0	767,908	781,394	61,166	307,869	0	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	375,128	367,346	306,000	0	0	0	0	0	825,446	0
provisions	0	0	0	0	0	4,508	37,124	45,084	0	0
total long term liabilities	1,103,928	568,694	306,000	0	767,908	785,902	98,290	352,953	825,446	0
total liabilities	1,272,893	739,881	525,408	811,598	2,136,448	3,036,190	2,539,403	2,747,862	3,452,552	728,332
net assets	646,978	976,498	1,111,081	1,071,560	571,851	631,912	390,114	329,710	182,459	-141,556
total shareholders funds	646,978	976,498	1,111,081	1,071,560	571,851	631,912	390,114	329,710	182,459	-141,556

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	May 2013
Operating Activities
Operating Profit	-289,068	-129,634	-299,003	-431,953	7,822	354,351	115,681	210,388	219,881	-142,757	0
Depreciation	18,519	29,605	46,892	63,348	72,157	70,799	70,429	66,305	25,072	7,422	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	0	0	-56,718	-15,101	-36,813	-46,257	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0
Debtors	211,247	181,394	-374,524	-772,914	-922,545	744,509	-34,984	-558,896	2,742,418	477,041	0
Creditors	-55,040	40,149	-27,932	-17,026	16,328	-33,066	40,973	-2,555,972	1,898,774	728,332	0
Accruals and Deferred Income	52,818	-88,370	-564,258	-539,916	-414,488	-237,759	121,277	1,804,141	0	0	0
Deferred Taxes & Provisions	0	0	0	0	-4,508	-32,616	-7,960	45,084	0	0	0
Cash flow from operations	-484,018	-329,644	-469,777	-152,633	599,856	-679,518	360,283	92,029	-644,948	115,956	0
Investing Activities
capital expenditure	-81,398	-10,094	961	-24,203	-9,507	-19,139	-15,907	-71,679	-255,620	-76,564	0
Change in Investments	0	0	-40,403	10,623	29,780	0	0	0	0	0	0
cash flow from investments	-81,398	-10,094	41,364	-34,826	-39,287	-19,139	-15,907	-71,679	-255,620	-76,564	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0
Long term loans	527,452	201,348	0	-767,908	-13,486	720,228	-246,703	307,869	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	7,782	61,346	306,000	0	0	0	0	-825,446	825,446	0	0
share issue	0	0	338,345	955,000	0	0	0	0	150,000	1,100	0
interest	-40,452	-4,950	179	-23,338	-67,883	-55,835	-40,176	-26,324	391	101	0
cash flow from financing	494,782	257,744	644,524	163,754	-81,369	664,393	-286,879	-543,901	975,837	1,201	0
cash and cash equivalents
cash	-70,634	-81,993	216,111	-23,705	-4,388	45,736	-58,549	-3,917	75,269	40,593	0
overdraft	0	0	0	0	-483,588	80,000	-116,046	519,634	0	0	0
change in cash	-70,634	-81,993	216,111	-23,705	479,200	-34,264	57,497	-523,551	75,269	40,593	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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ANGEL ADVANCE LIMITED group structure

Angel Advance Limited has no subsidiary companies.

Ultimate parent company

ANGEL ADVANCE LIMITED

08080440

ANGEL ADVANCE LIMITED Shareholders

peter daniel done	25%
nicola anne done-orrell	25%
jacqueline anne siddons	25%
lea anne done-jackson	25%
joanne whittaker	0.01%

Angel Advance Limited currently has 5 directors. The longest serving directors include Mr Paul Kirszanek (Dec 2016) and Mrs Bethan Banks (Mar 2021).

officer	country	age	start	end	role
Mr Paul Kirszanek	England	47 years	Dec 2016	-	Director
Mrs Bethan Banks	England	42 years	Mar 2021	-	Director
Mr Ben Mariner	England	40 years	Mar 2021	-	Director
Ms Jennifer Dale	England	45 years	Mar 2021	-	Director
Mrs Susan McLeish	England	46 years	Mar 2021	-	Director

P&L

March 2023

turnover

-17%

operating profit

-289.1k

gross margin

63%

-2.65%

turnover

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

Balance Sheet

March 2023

net assets

647k

-0.34%

total assets

1.9m

+0.12%

cash

134.5k

-0.34%

net assets

Total assets minus all liabilities

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2.5

company number

08080440

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 2012

ultimate parent company

None

previous names

money and debt ltd (August 2013)

address

st andrews house, 1st floor, kelvin close, warrington, WA3 7PB

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 1 charges/mortgages relating to angel advance limited. Currently there are 0 open charges and 1 have been satisfied in the past.

angel advance limited Company Information

angel advance limited Estimated Valuation

angel advance limited Estimated Valuation

angel advance limited Estimated Valuation

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