change account limited
change account limited Company Information
Company Number
08425566
Website
www.thechangeaccount.comRegistered Address
1 liverpool terrace, worthing, BN11 1TA
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
02033971699
Next Accounts Due
734 days late
Group Structure
View All
Directors
Joachim Cato3 Years
Shareholders
payment card technologies (retail) limited 77.3%
csb group limited 9%
View Allchange account limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE ACCOUNT LIMITED at £0 based on a Turnover of £102.6k and -1.65x industry multiple (adjusted for size and gross margin).
change account limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE ACCOUNT LIMITED at £2.4m based on an EBITDA of £-359.8k and a -6.58x industry multiple (adjusted for size and gross margin).
change account limited Estimated Valuation
Pomanda estimates the enterprise value of CHANGE ACCOUNT LIMITED at £0 based on Net Assets of £-2.1m and 2.04x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Change Account Limited Overview
Change Account Limited is a live company located in worthing, BN11 1TA with a Companies House number of 08425566. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in March 2013, it's largest shareholder is payment card technologies (retail) limited with a 77.3% stake. Change Account Limited is a established, micro sized company, Pomanda has estimated its turnover at £102.6k with rapid growth in recent years.
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Change Account Limited Health Check
Pomanda's financial health check has awarded Change Account Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
7 Weak
Size
annual sales of £102.6k, make it smaller than the average company (£4m)
£102.6k - Change Account Limited
£4m - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (3.4%)
57% - Change Account Limited
3.4% - Industry AVG
Production
with a gross margin of -180.6%, this company has a higher cost of product (62.3%)
-180.6% - Change Account Limited
62.3% - Industry AVG
Profitability
an operating margin of -467.4% make it less profitable than the average company (8.8%)
-467.4% - Change Account Limited
8.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Change Account Limited
14 - Industry AVG
Pay Structure
on an average salary of £8.2k, the company has a lower pay structure (£75.6k)
£8.2k - Change Account Limited
£75.6k - Industry AVG
Efficiency
resulting in sales per employee of £51.3k, this is less efficient (£214.8k)
£51.3k - Change Account Limited
£214.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Change Account Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (42 days)
55 days - Change Account Limited
42 days - Industry AVG
Stock Days
it holds stock equivalent to 26 days, this is more than average (18 days)
26 days - Change Account Limited
18 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Change Account Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 2154.6%, this is a higher level of debt than the average (56.7%)
2154.6% - Change Account Limited
56.7% - Industry AVG
CHANGE ACCOUNT LIMITED financials
Change Account Limited's latest turnover from December 2020 is £102.6 thousand and the company has net assets of -£2.1 million. According to their latest financial statements, Change Account Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 102,607 | 145,973 | 134,018 | 125,319 | 26,393 | 10,967 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 287,909 | 288,091 | 230,993 | 185,334 | 45,908 | 3,139 | ||
| Gross Profit | -185,302 | -142,118 | -96,975 | -60,015 | -19,515 | 7,828 | ||
| Admin Expenses | 294,245 | 644,754 | 225,077 | 318,265 | 217,457 | 318,895 | ||
| Operating Profit | -479,547 | -786,872 | -322,052 | -378,280 | -236,972 | -311,067 | -234,737 | -72,629 |
| Interest Payable | 42,684 | 36,857 | 28,298 | 36,904 | 33,371 | 41,205 | 24,724 | 2,274 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 61 | 0 | 0 |
| Pre-Tax Profit | -522,231 | -823,729 | -350,350 | -415,184 | -270,343 | -352,211 | -259,331 | -74,903 |
| Tax | 0 | 0 | 0 | 0 | -126,007 | 126,007 | -14,733 | 14,733 |
| Profit After Tax | -522,231 | -823,729 | -350,350 | -415,184 | -396,350 | -226,204 | -274,064 | -60,170 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -522,231 | -823,729 | -350,350 | -415,184 | -396,350 | -226,204 | -274,064 | -60,170 |
| Employee Costs | 16,468 | 105,231 | 32,493 | 17,555 | 0 | 46,129 | 164,641 | 52,683 |
| Number Of Employees | 2 | 2 | 3 | 3 | 1 | 2 | ||
| EBITDA* | -359,765 | -696,947 | -254,609 | -290,596 | -149,288 | -300,140 | -234,737 | -72,629 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 929 | 127,865 | 2,787 | 1,220 |
| Intangible Assets | 0 | 0 | 195,502 | 262,945 | 347,019 | 389,652 | 379,857 | 110,788 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 195,502 | 262,945 | 347,948 | 517,517 | 382,644 | 112,008 |
| Stock & work in progress | 20,834 | 10,754 | 14,409 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 1,920 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 42,338 | 925 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 37,222 | 103,949 | 49,442 | 157,442 | 100,433 | 74,414 | 28,066 | 28,425 |
| Cash | 0 | 1,127 | 1,547 | 58 | 992 | 297 | 10,066 | 17,409 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 100,394 | 116,755 | 67,318 | 157,500 | 101,425 | 74,711 | 38,132 | 45,834 |
| total assets | 100,394 | 116,755 | 262,820 | 420,445 | 449,373 | 592,228 | 420,776 | 157,842 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 43,591 | 82,552 | 98,548 | 406,318 | 234,576 | 17,830 | 108,245 | 45,949 |
| Group/Directors Accounts | 0 | 0 | 828,307 | 0 | 0 | 1,108 | 0 | 2,348 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,119,513 | 1,574,682 | 52,715 | 869,658 | 755,214 | 157,006 | 16,197 | 1,441 |
| total current liabilities | 2,163,104 | 1,657,234 | 979,570 | 1,275,976 | 989,790 | 175,944 | 124,442 | 49,738 |
| loans | 0 | 0 | 0 | 0 | 0 | 560,351 | 629,568 | 167,274 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 560,351 | 629,568 | 167,274 |
| total liabilities | 2,163,104 | 1,657,234 | 979,570 | 1,275,976 | 989,790 | 736,295 | 754,010 | 217,012 |
| net assets | -2,062,710 | -1,540,479 | -716,750 | -855,531 | -540,417 | -144,067 | -333,234 | -59,170 |
| total shareholders funds | -2,062,710 | -1,540,479 | -716,750 | -855,531 | -540,417 | -144,067 | -333,234 | -59,170 |
| Dec 2020 | Dec 2019 | Dec 2018 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -479,547 | -786,872 | -322,052 | -378,280 | -236,972 | -311,067 | -234,737 | -72,629 |
| Depreciation | 0 | 0 | 0 | 929 | 929 | 929 | 0 | 0 |
| Amortisation | 119,782 | 89,925 | 67,443 | 86,755 | 86,755 | 9,998 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | -126,007 | 126,007 | -14,733 | 14,733 |
| Stock | 10,080 | -3,655 | 14,409 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -25,314 | 53,512 | -49,071 | 57,009 | 26,019 | 46,348 | -359 | 28,425 |
| Creditors | -38,961 | -15,996 | -136,028 | 171,742 | 216,746 | -90,415 | 62,296 | 45,949 |
| Accruals and Deferred Income | 544,831 | 1,521,967 | -702,499 | 114,444 | 598,208 | 140,809 | 14,756 | 1,441 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 161,339 | 759,167 | -1,058,474 | -61,419 | 513,640 | -170,087 | -172,059 | -38,931 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -828,307 | 828,307 | 0 | -1,108 | 1,108 | -2,348 | 2,348 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -560,351 | -69,217 | 462,294 | 167,274 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -42,684 | -36,857 | -28,298 | -36,904 | -33,371 | -41,144 | -24,724 | -2,274 |
| cash flow from financing | -42,684 | -865,164 | 974,026 | 63,166 | -594,830 | 306,118 | 435,222 | 168,348 |
| cash and cash equivalents | ||||||||
| cash | -1,127 | -420 | 555 | -934 | 695 | -9,769 | -7,343 | 17,409 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,127 | -420 | 555 | -934 | 695 | -9,769 | -7,343 | 17,409 |
change account limited Credit Report and Business Information
Change Account Limited Competitor Analysis
Perform a competitor analysis for change account limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in BN11 area or any other competitors across 12 key performance metrics.
change account limited Ownership
CHANGE ACCOUNT LIMITED group structure
Change Account Limited has no subsidiary companies.
Ultimate parent company
OMNIO HOLDING SARL
#0115749
2 parents
CHANGE ACCOUNT LIMITED
08425566
change account limited directors
Change Account Limited currently has 1 director, Mr Joachim Cato serving since Jun 2021.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joachim Cato | 55 years | Jun 2021 | - | Director |
P&L
December 2020turnover
102.6k
-30%
operating profit
-479.5k
-39%
gross margin
-180.5%
+85.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-2.1m
+0.34%
total assets
100.4k
-0.14%
cash
0
-1%
net assets
Total assets minus all liabilities
change account limited company details
company number
08425566
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
March 2013
age
11
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
December 2020
address
1 liverpool terrace, worthing, BN11 1TA
accountant
-
auditor
PKF LITTLEJOHN LLP
change account 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 found 2 charges/mortgages relating to change account limited. Currently there are 1 open charges and 1 have been satisfied in the past.
change account limited Companies House Filings - See Documents
| date | description | view/download |
|---|
