origin finance 2 plc
origin finance 2 plc Company Information
Company Number
08461101
Next Accounts
Sep 2025
Shareholders
origin housing ltd
Group Structure
View All
Industry
Renting and operating of Housing Association real estate
Registered Address
st richard's house, 110 eversholt street, london, NW1 1BS
Website
http://originhousing.org.uk/origin finance 2 plc Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN FINANCE 2 PLC at £15.5m based on a Turnover of £6.5m and 2.39x industry multiple (adjusted for size and gross margin).
origin finance 2 plc Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN FINANCE 2 PLC at £91.6m based on an EBITDA of £22.1m and a 4.15x industry multiple (adjusted for size and gross margin).
origin finance 2 plc Estimated Valuation
Pomanda estimates the enterprise value of ORIGIN FINANCE 2 PLC at £96.7k based on Net Assets of £54k and 1.79x industry multiple (adjusted for liquidity).
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Origin Finance 2 Plc Overview
Origin Finance 2 Plc is a live company located in london, NW1 1BS with a Companies House number of 08461101. It operates in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in March 2013, it's largest shareholder is origin housing ltd with a 100% stake. Origin Finance 2 Plc is a established, mid sized company, Pomanda has estimated its turnover at £6.5m with high growth in recent years.
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Origin Finance 2 Plc Health Check
Pomanda's financial health check has awarded Origin Finance 2 Plc a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
4 Weak
Size
annual sales of £6.5m, make it larger than the average company (£1.5m)
£6.5m - Origin Finance 2 Plc
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.4%)
24% - Origin Finance 2 Plc
5.4% - Industry AVG
Production
with a gross margin of 0.4%, this company has a higher cost of product (62.2%)
0.4% - Origin Finance 2 Plc
62.2% - Industry AVG
Profitability
an operating margin of 340.3% make it more profitable than the average company (14.1%)
340.3% - Origin Finance 2 Plc
14.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Origin Finance 2 Plc
7 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Origin Finance 2 Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £3.2m, this is more efficient (£155.3k)
£3.2m - Origin Finance 2 Plc
£155.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Origin Finance 2 Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Origin Finance 2 Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Origin Finance 2 Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (22 weeks)
0 weeks - Origin Finance 2 Plc
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (71.6%)
100% - Origin Finance 2 Plc
71.6% - Industry AVG
ORIGIN FINANCE 2 PLC financials
Origin Finance 2 Plc's latest turnover from March 2024 is £6.5 million and the company has net assets of £54 thousand. According to their latest financial statements, Origin Finance 2 Plc has 2 employees and maintains cash reserves of £44 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,485,000 | 6,590,000 | 5,358,000 | 3,391,000 | 3,387,000 | 3,372,000 | 3,194,000 | 2,429,000 | 2,430,000 | 2,459,000 | 3,000 |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 6,460,000 | 6,590,000 | 5,354,000 | 3,389,000 | |||||||
| Gross Profit | 25,000 | 4,000 | 2,000 | ||||||||
| Admin Expenses | |||||||||||
| Operating Profit | 8,000 | ||||||||||
| Interest Payable | 3,126,000 | 2,373,000 | 2,386,000 | 2,449,000 | 719,000 | ||||||
| Interest Receivable | 719,000 | ||||||||||
| Pre-Tax Profit | 14,000 | -15,000 | 1,000 | 2,000 | 3,000 | 1,000 | 4,000 | 4,000 | 7,000 | 1,000 | |
| Tax | 1,000 | -1,000 | -2,000 | ||||||||
| Profit After Tax | 14,000 | -15,000 | 1,000 | 2,000 | 3,000 | 1,000 | 1,000 | 3,000 | 4,000 | 5,000 | 1,000 |
| Dividends Paid | |||||||||||
| Retained Profit | 14,000 | -15,000 | 1,000 | 2,000 | 3,000 | 1,000 | 1,000 | 3,000 | 4,000 | 5,000 | 1,000 |
| Employee Costs | |||||||||||
| Number Of Employees | 2 | ||||||||||
| EBITDA* | 8,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||
| Intangible Assets | |||||||||||
| Investments & Other | 472,000 | 531,000 | 200,591,000 | 80,000,000 | 80,547,000 | 80,608,000 | 80,671,000 | 50,522,000 | 50,568,000 | 50,611,000 | 50,738,000 |
| Debtors (Due After 1 year) | 192,000,000 | 200,000,000 | |||||||||
| Total Fixed Assets | 192,472,000 | 200,531,000 | 200,591,000 | 80,000,000 | 80,547,000 | 80,608,000 | 80,671,000 | 50,522,000 | 50,568,000 | 50,611,000 | 50,738,000 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 2,385,000 | ||||||||||
| Group Debtors | 442,000 | 408,000 | 1,349,000 | 1,295,000 | 1,242,000 | 1,201,000 | 871,000 | 833,000 | 786,000 | 719,000 | |
| Misc Debtors | 1,885,000 | 2,010,000 | 3,000 | 3,000 | |||||||
| Cash | 44,000 | 66,000 | 72,000 | 95,000 | 103,000 | 109,000 | 117,000 | 121,000 | 125,000 | 7,000 | 12,000 |
| misc current assets | 58,000 | 65,000 | 68,000 | 60,000 | 60,000 | 58,000 | 46,000 | 46,000 | 44,000 | 50,000 | |
| total current assets | 2,429,000 | 2,549,000 | 2,525,000 | 1,444,000 | 1,461,000 | 1,414,000 | 1,376,000 | 1,038,000 | 1,004,000 | 837,000 | 781,000 |
| total assets | 194,901,000 | 203,080,000 | 203,116,000 | 81,444,000 | 82,008,000 | 82,022,000 | 82,047,000 | 51,560,000 | 51,572,000 | 51,448,000 | 51,519,000 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | |||||||||||
| Group/Directors Accounts | 962,000 | 1,017,000 | 1,041,000 | 909,000 | 933,000 | 958,000 | 979,000 | 775,000 | 787,000 | 664,000 | 764,000 |
| other short term finances | 8,000,000 | ||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 1,885,000 | 2,020,000 | 2,017,000 | 965,000 | 1,020,000 | 1,012,000 | 1,017,000 | 731,000 | 731,000 | 728,000 | 704,000 |
| total current liabilities | 2,847,000 | 11,037,000 | 3,058,000 | 1,874,000 | 1,953,000 | 1,970,000 | 1,996,000 | 1,506,000 | 1,518,000 | 1,392,000 | 1,468,000 |
| loans | 192,000,000 | 192,000,000 | 200,000,000 | 79,513,000 | 80,000,000 | 80,000,000 | 80,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 |
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 192,000,000 | 192,000,000 | 200,000,000 | 79,513,000 | 80,000,000 | 80,000,000 | 80,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 |
| total liabilities | 194,847,000 | 203,037,000 | 203,058,000 | 81,387,000 | 81,953,000 | 81,970,000 | 81,996,000 | 51,506,000 | 51,518,000 | 51,392,000 | 51,468,000 |
| net assets | 54,000 | 43,000 | 58,000 | 57,000 | 55,000 | 52,000 | 51,000 | 54,000 | 54,000 | 56,000 | 51,000 |
| total shareholders funds | 54,000 | 43,000 | 58,000 | 57,000 | 55,000 | 52,000 | 51,000 | 54,000 | 54,000 | 56,000 | 51,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 8,000 | ||||||||||
| Depreciation | |||||||||||
| Amortisation | |||||||||||
| Tax | 1,000 | -1,000 | -2,000 | ||||||||
| Stock | |||||||||||
| Debtors | -8,091,000 | 200,033,000 | 1,036,000 | 51,000 | 53,000 | 44,000 | 330,000 | 38,000 | 47,000 | 67,000 | 719,000 |
| Creditors | |||||||||||
| Accruals and Deferred Income | -135,000 | 3,000 | 1,052,000 | -55,000 | 8,000 | -5,000 | 286,000 | 3,000 | 24,000 | 704,000 | |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -37,000 | ||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -59,000 | -200,060,000 | 120,591,000 | -547,000 | -61,000 | -63,000 | 30,149,000 | -46,000 | -43,000 | -127,000 | 50,738,000 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -55,000 | -24,000 | 132,000 | -24,000 | -25,000 | -21,000 | 204,000 | -12,000 | 123,000 | -100,000 | 764,000 |
| Other Short Term Loans | -8,000,000 | 8,000,000 | |||||||||
| Long term loans | -8,000,000 | 120,487,000 | -487,000 | 30,000,000 | 50,000,000 | ||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -3,126,000 | -2,373,000 | -2,386,000 | -2,449,000 | |||||||
| cash flow from financing | -8,058,000 | -24,000 | 120,619,000 | -511,000 | -25,000 | -21,000 | 27,074,000 | -2,388,000 | -2,269,000 | -2,549,000 | 50,814,000 |
| cash and cash equivalents | |||||||||||
| cash | -22,000 | -6,000 | -23,000 | -8,000 | -6,000 | -8,000 | -4,000 | -4,000 | 118,000 | -5,000 | 12,000 |
| overdraft | |||||||||||
| change in cash | -22,000 | -6,000 | -23,000 | -8,000 | -6,000 | -8,000 | -4,000 | -4,000 | 118,000 | -5,000 | 12,000 |
origin finance 2 plc Credit Report and Business Information
Origin Finance 2 Plc Competitor Analysis
Perform a competitor analysis for origin finance 2 plc by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in NW1 area or any other competitors across 12 key performance metrics.
origin finance 2 plc Ownership
ORIGIN FINANCE 2 PLC group structure
Origin Finance 2 Plc has no subsidiary companies.
origin finance 2 plc directors
Origin Finance 2 Plc currently has 2 directors. The longest serving directors include Ms Carol Carter (Apr 2017) and Mr Mark Farrar (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Carol Carter | England | 65 years | Apr 2017 | - | Director |
| Mr Mark Farrar | 48 years | Apr 2024 | - | Director |
P&L
March 2024turnover
6.5m
-2%
operating profit
22.1m
0%
gross margin
0.4%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
54k
+0.26%
total assets
194.9m
-0.04%
cash
44k
-0.33%
net assets
Total assets minus all liabilities
origin finance 2 plc company details
company number
08461101
Type
Public limited with Share Capital
industry
68201 - Renting and operating of Housing Association real estate
incorporation date
March 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
MHA
address
st richard's house, 110 eversholt street, london, NW1 1BS
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
origin finance 2 plc 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 origin finance 2 plc.
origin finance 2 plc 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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origin finance 2 plc Companies House Filings - See Documents
| date | description | view/download |
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