my key finance limited
my key finance limited Company Information
Group Structure
View All
Industry
Activities of insurance agents and brokers
Registered Address
11 purdeys way purdeys way, rochford, SS4 1ND
Website
www.mykeymaninsurance.commy key finance limited Estimated Valuation
Pomanda estimates the enterprise value of MY KEY FINANCE LIMITED at £159.2k based on a Turnover of £248.8k and 0.64x industry multiple (adjusted for size and gross margin).
my key finance limited Estimated Valuation
Pomanda estimates the enterprise value of MY KEY FINANCE LIMITED at £71k based on an EBITDA of £19.9k and a 3.57x industry multiple (adjusted for size and gross margin).
my key finance limited Estimated Valuation
Pomanda estimates the enterprise value of MY KEY FINANCE LIMITED at £317.1k based on Net Assets of £184.5k and 1.72x industry multiple (adjusted for liquidity).
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My Key Finance Limited Overview
My Key Finance Limited is a live company located in rochford, SS4 1ND with a Companies House number of 08954576. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in March 2014, it's largest shareholder is jody pearmain with a 100% stake. My Key Finance Limited is a established, micro sized company, Pomanda has estimated its turnover at £248.8k with declining growth in recent years.
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My Key Finance Limited Health Check
Pomanda's financial health check has awarded My Key Finance Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £248.8k, make it smaller than the average company (£2.3m)
- My Key Finance Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.3%)
- My Key Finance Limited
7.3% - Industry AVG
Production
with a gross margin of 37.5%, this company has a higher cost of product (96.9%)
- My Key Finance Limited
96.9% - Industry AVG
Profitability
an operating margin of 7.8% make it less profitable than the average company (19.7%)
- My Key Finance Limited
19.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (17)
1 - My Key Finance Limited
17 - Industry AVG
Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- My Key Finance Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £248.8k, this is more efficient (£119.7k)
- My Key Finance Limited
£119.7k - Industry AVG
Debtor Days
it gets paid by customers after 378 days, this is later than average (68 days)
- My Key Finance Limited
68 days - Industry AVG
Creditor Days
its suppliers are paid after 139 days, this is close to average (151 days)
- My Key Finance Limited
151 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- My Key Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (32 weeks)
7 weeks - My Key Finance Limited
32 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30%, this is a lower level of debt than the average (55.2%)
30% - My Key Finance Limited
55.2% - Industry AVG
MY KEY FINANCE LIMITED financials
My Key Finance Limited's latest turnover from March 2024 is estimated at £248.8 thousand and the company has net assets of £184.5 thousand. According to their latest financial statements, My Key Finance Limited has 1 employee and maintains cash reserves of £4.4 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | ||||||||||
| Gross Profit | 93,193 | 97,741 | 179,047 | 146,063 | ||||||
| Admin Expenses | 73,673 | 80,382 | 140,840 | 139,807 | ||||||
| Operating Profit | 19,520 | 17,359 | 38,207 | 6,256 | ||||||
| Interest Payable | 1,263 | 1,014 | 1,154 | 1,276 | ||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 18,257 | 16,345 | 37,053 | 4,980 | ||||||
| Tax | -3,533 | -3,186 | -7,140 | -474 | ||||||
| Profit After Tax | 14,724 | 13,159 | 29,913 | 4,506 | ||||||
| Dividends Paid | ||||||||||
| Retained Profit | 14,724 | 13,159 | 29,913 | 4,506 | ||||||
| Employee Costs | ||||||||||
| Number Of Employees | 1 | 2 | 2 | 2 | 4 | 4 | 4 | 4 | 1 | |
| EBITDA* | 19,858 | 17,781 | 38,735 | 6,916 |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,352 | 1,690 | 2,112 | 2,640 | ||||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 1,352 | 1,690 | 2,112 | 2,640 | ||||||
| Stock & work in progress | ||||||||||
| Trade Debtors | 257,882 | 231,473 | 242,099 | 207,098 | 182,906 | 141,478 | 100,720 | 77,369 | 35,050 | 12,000 |
| Group Debtors | ||||||||||
| Misc Debtors | ||||||||||
| Cash | 4,438 | 6,781 | 15,147 | 15,309 | 16,664 | 35,487 | 61,659 | 13,415 | 69,668 | 34,596 |
| misc current assets | ||||||||||
| total current assets | 262,320 | 238,254 | 257,246 | 222,407 | 199,570 | 176,965 | 162,379 | 90,784 | 104,718 | 46,596 |
| total assets | 263,672 | 239,944 | 259,358 | 225,047 | 199,570 | 176,965 | 162,379 | 90,784 | 104,718 | 46,596 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 30,476 | 18,407 | 48,526 | 43,571 | 77,406 | 40,297 | 47,180 | 14,993 | 35,439 | 13,143 |
| Group/Directors Accounts | ||||||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | ||||||||||
| total current liabilities | 30,476 | 18,407 | 48,526 | 43,571 | 77,406 | 40,297 | 47,180 | 14,993 | 35,439 | 13,143 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | 48,731 | 51,796 | 54,250 | 54,807 | ||||||
| provisions | ||||||||||
| total long term liabilities | 48,731 | 51,796 | 54,250 | 54,807 | ||||||
| total liabilities | 79,207 | 70,203 | 102,776 | 98,378 | 77,406 | 40,297 | 47,180 | 14,993 | 35,439 | 13,143 |
| net assets | 184,465 | 169,741 | 156,582 | 126,669 | 122,164 | 136,668 | 115,199 | 75,791 | 69,279 | 33,453 |
| total shareholders funds | 184,465 | 169,741 | 156,582 | 126,669 | 122,164 | 136,668 | 115,199 | 75,791 | 69,279 | 33,453 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 19,520 | 17,359 | 38,207 | 6,256 | ||||||
| Depreciation | 338 | 422 | 528 | 660 | ||||||
| Amortisation | ||||||||||
| Tax | -3,533 | -3,186 | -7,140 | -474 | ||||||
| Stock | ||||||||||
| Debtors | 26,409 | -10,626 | 35,001 | 24,192 | 41,428 | 40,758 | 23,351 | 42,319 | 23,050 | 12,000 |
| Creditors | 12,069 | -30,119 | 4,955 | -33,835 | 37,109 | -6,883 | 32,187 | -20,446 | 22,296 | 13,143 |
| Accruals and Deferred Income | ||||||||||
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | 1,985 | -4,898 | 1,549 | -51,585 | ||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| 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 | -3,065 | -2,454 | -557 | 54,807 | ||||||
| share issue | ||||||||||
| interest | -1,263 | -1,014 | -1,154 | -1,276 | ||||||
| cash flow from financing | -4,328 | -3,468 | -1,711 | 53,530 | ||||||
| cash and cash equivalents | ||||||||||
| cash | -2,343 | -8,366 | -162 | -1,355 | -18,823 | -26,172 | 48,244 | -56,253 | 35,072 | 34,596 |
| overdraft | ||||||||||
| change in cash | -2,343 | -8,366 | -162 | -1,355 | -18,823 | -26,172 | 48,244 | -56,253 | 35,072 | 34,596 |
my key finance limited Credit Report and Business Information
My Key Finance Limited Competitor Analysis
Perform a competitor analysis for my key finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in SS4 area or any other competitors across 12 key performance metrics.
my key finance limited Ownership
MY KEY FINANCE LIMITED group structure
My Key Finance Limited has no subsidiary companies.
Ultimate parent company
MY KEY FINANCE LIMITED
08954576
my key finance limited directors
My Key Finance Limited currently has 1 director, Mr Jody Pearmain serving since Mar 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jody Pearmain | England | 50 years | Mar 2014 | - | Director |
P&L
March 2024turnover
248.8k
-3%
operating profit
19.5k
+12%
gross margin
37.5%
-1.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
184.5k
+0.09%
total assets
263.7k
+0.1%
cash
4.4k
-0.35%
net assets
Total assets minus all liabilities
my key finance limited company details
company number
08954576
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2024
previous names
N/A
accountant
S R A ACCOUNTANCY & TAXATION SERVICES
auditor
-
address
11 purdeys way purdeys way, rochford, SS4 1ND
Bank
-
Legal Advisor
-
my key 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 my key finance limited.
my key 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.
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my key finance limited Companies House Filings - See Documents
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