change business finance limited
change business finance limited Company Information
Company Number
08084085
Next Accounts
Mar 2026
Shareholders
jane simkins
nigel simkins
Group Structure
View All
Industry
Factoring
Registered Address
15 mendip walk, tunbridge wells, TN2 3NL
Website
-change business finance limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE BUSINESS FINANCE LIMITED at £1.8k based on a Turnover of £1.4k and 1.35x industry multiple (adjusted for size and gross margin).
change business finance limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE BUSINESS FINANCE LIMITED at £0 based on an EBITDA of £-1.4k and a 4.13x industry multiple (adjusted for size and gross margin).
change business finance limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE BUSINESS FINANCE LIMITED at £409 based on Net Assets of £223 and 1.84x industry multiple (adjusted for liquidity).
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Change Business Finance Limited Overview
Change Business Finance Limited is a live company located in tunbridge wells, TN2 3NL with a Companies House number of 08084085. It operates in the factoring sector, SIC Code 64992. Founded in May 2012, it's largest shareholder is jane simkins with a 50% stake. Change Business Finance Limited is a established, micro sized company, Pomanda has estimated its turnover at £1.4k with declining growth in recent years.
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Change Business Finance Limited Health Check
Pomanda's financial health check has awarded Change Business Finance Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £1.4k, make it smaller than the average company (£4.8m)
- Change Business Finance Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (15.1%)
- Change Business Finance Limited
15.1% - Industry AVG
Production
with a gross margin of 51.1%, this company has a higher cost of product (65%)
- Change Business Finance Limited
65% - Industry AVG
Profitability
an operating margin of -106% make it less profitable than the average company (39.9%)
- Change Business Finance Limited
39.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (37)
- Change Business Finance Limited
37 - Industry AVG
Pay Structure
on an average salary of £67.7k, the company has an equivalent pay structure (£67.7k)
- Change Business Finance Limited
£67.7k - Industry AVG
Efficiency
resulting in sales per employee of £1.4k, this is less efficient (£304.7k)
- Change Business Finance Limited
£304.7k - Industry AVG
Debtor Days
it gets paid by customers after 2016 days, this is later than average (1421 days)
- Change Business Finance Limited
1421 days - Industry AVG
Creditor Days
its suppliers are paid after 3605 days, this is slower than average (694 days)
- Change Business Finance Limited
694 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Change Business Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Change Business Finance Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.6%, this is a similar level of debt than the average (90.9%)
97.6% - Change Business Finance Limited
90.9% - Industry AVG
CHANGE BUSINESS FINANCE LIMITED financials
Change Business Finance Limited's latest turnover from June 2024 is estimated at £1.4 thousand and the company has net assets of £223. According to their latest financial statements, we estimate that Change Business Finance Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,686 | 2,108 | 2,635 | 2,667 | 2,876 | 1,962 | 2,023 | |||||
| Intangible Assets | ||||||||||||
| Investments & Other | 100 | 100 | ||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 1,686 | 2,108 | 2,635 | 2,667 | 2,876 | 1,962 | 2,023 | 100 | 100 | |||
| Stock & work in progress | ||||||||||||
| Trade Debtors | 7,506 | 22,033 | 27,749 | 16,836 | 16,687 | 15,233 | 10,366 | |||||
| Group Debtors | ||||||||||||
| Misc Debtors | ||||||||||||
| Cash | ||||||||||||
| misc current assets | ||||||||||||
| total current assets | 7,506 | 22,033 | 27,749 | 16,836 | 16,687 | 15,233 | 10,366 | |||||
| total assets | 9,192 | 24,141 | 30,384 | 19,503 | 19,563 | 17,195 | 12,389 | 100 | 100 | |||
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 6,567 | 17,524 | 18,377 | 18,047 | 17,852 | 15,590 | 7,458 | |||||
| Group/Directors Accounts | ||||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | ||||||||||||
| total current liabilities | 6,567 | 17,524 | 18,377 | 18,047 | 17,852 | 15,590 | 7,458 | |||||
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | 990 | 936 | 936 | 936 | 1,020 | 900 | ||||||
| other liabilities | ||||||||||||
| provisions | 2,402 | 3,964 | 4,848 | 340 | ||||||||
| total long term liabilities | 2,402 | 4,954 | 5,784 | 1,276 | 936 | 1,020 | 900 | |||||
| total liabilities | 8,969 | 22,478 | 24,161 | 19,323 | 18,788 | 16,610 | 8,358 | |||||
| net assets | 223 | 1,663 | 6,223 | 180 | 775 | 585 | 4,031 | 100 | 100 | |||
| total shareholders funds | 223 | 1,663 | 6,223 | 180 | 775 | 585 | 4,031 | 100 | 100 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | ||||||||||||
| Amortisation | ||||||||||||
| Tax | ||||||||||||
| Stock | ||||||||||||
| Debtors | -14,527 | -5,716 | 10,913 | 149 | 1,454 | 4,867 | 10,366 | |||||
| Creditors | -10,957 | -853 | 330 | 195 | 2,262 | 8,132 | 7,458 | |||||
| Accruals and Deferred Income | -990 | 54 | -84 | 120 | 900 | |||||||
| Deferred Taxes & Provisions | -1,562 | -884 | 4,508 | 340 | ||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -100 | 100 | ||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | ||||||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | ||||||||||||
| overdraft | ||||||||||||
| change in cash |
change business finance limited Credit Report and Business Information
Change Business Finance Limited Competitor Analysis
Perform a competitor analysis for change business finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in TN2 area or any other competitors across 12 key performance metrics.
change business finance limited Ownership
CHANGE BUSINESS FINANCE LIMITED group structure
Change Business Finance Limited has no subsidiary companies.
Ultimate parent company
CHANGE BUSINESS FINANCE LIMITED
08084085
change business finance limited directors
Change Business Finance Limited currently has 2 directors. The longest serving directors include Mr Nigel Simkins (May 2012) and Mrs Jane Simkins (Mar 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nigel Simkins | United Kingdom | 65 years | May 2012 | - | Director |
| Mrs Jane Simkins | 65 years | Mar 2019 | - | Director |
P&L
June 2024turnover
1.4k
-56%
operating profit
-1.4k
0%
gross margin
51.1%
-5.26%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
223
-0.87%
total assets
9.2k
-0.62%
cash
0
0%
net assets
Total assets minus all liabilities
change business finance limited company details
company number
08084085
Type
Private limited with Share Capital
industry
64992 - Factoring
incorporation date
May 2012
age
13
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
-
address
15 mendip walk, tunbridge wells, TN2 3NL
Bank
-
Legal Advisor
-
change business finance 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 change business finance limited.
change business finance 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.
Click to start generating capital raising & share issue transactions for CHANGE BUSINESS FINANCE LIMITED. This can take several minutes, an email will notify you when this has completed.
change business finance limited Companies House Filings - See Documents
| date | description | view/download |
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