reach commercial finance limited
reach commercial finance limited Company Information
Company Number
09056450
Next Accounts
Jan 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
leonard curtis funding limited
Group Structure
View All
Contact
Registered Address
riverside house irwell street, manchester, M3 5EN
Website
http://leonardcurtis.co.ukreach commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of REACH COMMERCIAL FINANCE LIMITED at £1.5m based on a Turnover of £1.1m and 1.38x industry multiple (adjusted for size and gross margin).
reach commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of REACH COMMERCIAL FINANCE LIMITED at £128.1k based on an EBITDA of £25.2k and a 5.08x industry multiple (adjusted for size and gross margin).
reach commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of REACH COMMERCIAL FINANCE LIMITED at £455.1k based on Net Assets of £346.4k and 1.31x industry multiple (adjusted for liquidity).
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Reach Commercial Finance Limited Overview
Reach Commercial Finance Limited is a live company located in manchester, M3 5EN with a Companies House number of 09056450. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2014, it's largest shareholder is leonard curtis funding limited with a 100% stake. Reach Commercial Finance Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with low growth in recent years.
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Reach Commercial Finance Limited Health Check
Pomanda's financial health check has awarded Reach Commercial Finance Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£4.1m)
- Reach Commercial Finance Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4%)
- Reach Commercial Finance Limited
4% - Industry AVG
Production
with a gross margin of 61.4%, this company has a comparable cost of product (61.4%)
- Reach Commercial Finance Limited
61.4% - Industry AVG
Profitability
an operating margin of 2.3% make it less profitable than the average company (10.6%)
- Reach Commercial Finance Limited
10.6% - Industry AVG
Employees
with 10 employees, this is below the industry average (13)
10 - Reach Commercial Finance Limited
13 - Industry AVG
Pay Structure
on an average salary of £73.2k, the company has an equivalent pay structure (£73.2k)
- Reach Commercial Finance Limited
£73.2k - Industry AVG
Efficiency
resulting in sales per employee of £106.9k, this is less efficient (£204.8k)
- Reach Commercial Finance Limited
£204.8k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (31 days)
- Reach Commercial Finance Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (37 days)
- Reach Commercial Finance Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Reach Commercial Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 55 weeks, this is more cash available to meet short term requirements (38 weeks)
55 weeks - Reach Commercial Finance Limited
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 29.3%, this is a lower level of debt than the average (57.7%)
29.3% - Reach Commercial Finance Limited
57.7% - Industry AVG
REACH COMMERCIAL FINANCE LIMITED financials
Reach Commercial Finance Limited's latest turnover from April 2023 is estimated at £1.1 million and the company has net assets of £346.4 thousand. According to their latest financial statements, Reach Commercial Finance Limited has 10 employees and maintains cash reserves of £153.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 10 | 9 | 10 | 11 | 9 | 9 | 8 | 8 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 566 | 998 | 1,075 | 2,435 | 3,104 | 2,821 | 2,622 | 1,216 | 704 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 101 | 101 | 1 | 1 | 1 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 566 | 1,099 | 1,176 | 2,436 | 3,105 | 2,822 | 2,623 | 1,217 | 705 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 18,740 | 51,416 | 138,188 | 5,579 | 61,471 | 57,819 | 26,314 | 55,831 | 56,067 |
| Group Debtors | 244,044 | 0 | 0 | 0 | 0 | 35,687 | 16,407 | 2,248 | 0 |
| Misc Debtors | 73,215 | 75,259 | 73,041 | 67,475 | 105,049 | 84,140 | 66,888 | 37,461 | 0 |
| Cash | 153,585 | 376,661 | 317,993 | 502,772 | 251,688 | 224,868 | 121,181 | 12,350 | 42,457 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 489,584 | 503,336 | 529,222 | 575,826 | 418,208 | 402,514 | 230,790 | 107,890 | 98,524 |
| total assets | 490,150 | 504,435 | 530,398 | 578,262 | 421,313 | 405,336 | 233,413 | 109,107 | 99,229 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 15,761 | 10,396 | 3,011 | 3,399 | 10,842 | 4,691 | 19,985 | 5,178 | 452,042 |
| Group/Directors Accounts | 11,051 | 45,554 | 13,984 | 43,184 | 18,298 | 12,935 | 75,696 | 146,709 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 116,957 | 129,128 | 145,257 | 142,828 | 122,132 | 162,122 | 115,882 | 96,278 | 0 |
| total current liabilities | 143,769 | 185,078 | 162,252 | 189,411 | 151,272 | 179,748 | 211,563 | 248,165 | 452,042 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 35,535 | 239,250 | 332,612 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 35,535 | 239,250 | 332,612 |
| total liabilities | 143,769 | 185,078 | 162,252 | 189,411 | 151,272 | 179,748 | 247,098 | 487,415 | 784,654 |
| net assets | 346,381 | 319,357 | 368,146 | 388,851 | 270,041 | 225,588 | -13,685 | -378,308 | -685,425 |
| total shareholders funds | 346,381 | 319,357 | 368,146 | 388,851 | 270,041 | 225,588 | -13,685 | -378,308 | -685,425 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 432 | 462 | 2,400 | 1,821 | 2,074 | 1,613 | 947 | 345 | 99 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 209,324 | -84,554 | 138,175 | -93,466 | -11,126 | 68,037 | 14,069 | 39,473 | 56,067 |
| Creditors | 5,365 | 7,385 | -388 | -7,443 | 6,151 | -15,294 | 14,807 | -446,864 | 452,042 |
| Accruals and Deferred Income | -12,171 | -16,129 | 2,429 | 20,696 | -39,990 | 46,240 | 19,604 | 96,278 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -35,535 | -203,715 | -93,362 | 332,612 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | -101 | 0 | 100 | 0 | 0 | 0 | 0 | 0 | 1 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -34,503 | 31,570 | -29,200 | 24,886 | 5,363 | -62,761 | -71,013 | 146,709 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -223,076 | 58,668 | -184,779 | 251,084 | 26,820 | 103,687 | 108,831 | -30,107 | 42,457 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -223,076 | 58,668 | -184,779 | 251,084 | 26,820 | 103,687 | 108,831 | -30,107 | 42,457 |
reach commercial finance limited Credit Report and Business Information
Reach Commercial Finance Limited Competitor Analysis
Perform a competitor analysis for reach commercial finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in M 3 area or any other competitors across 12 key performance metrics.
reach commercial finance limited Ownership
REACH COMMERCIAL FINANCE LIMITED group structure
Reach Commercial Finance Limited has 3 subsidiary companies.
Ultimate parent company
2 parents
REACH COMMERCIAL FINANCE LIMITED
09056450
3 subsidiaries
reach commercial finance limited directors
Reach Commercial Finance Limited currently has 3 directors. The longest serving directors include Mr Gary Cain (Jul 2014) and Mr Daniel Booth (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Cain | England | 51 years | Jul 2014 | - | Director |
| Mr Daniel Booth | England | 46 years | Jul 2014 | - | Director |
| Mr David Brown | United Kingdom | 42 years | Jul 2024 | - | Director |
P&L
April 2023turnover
1.1m
-5%
operating profit
24.8k
0%
gross margin
61.4%
-3.87%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
346.4k
+0.08%
total assets
490.2k
-0.03%
cash
153.6k
-0.59%
net assets
Total assets minus all liabilities
reach commercial finance limited company details
company number
09056450
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 2014
age
10
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
April 2023
previous names
fas pathstone limited (February 2020)
accountant
HAROLD SHARP LIMITED
auditor
-
address
riverside house irwell street, manchester, M3 5EN
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
reach commercial 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 reach commercial finance limited.
reach commercial 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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reach commercial finance limited Companies House Filings - See Documents
| date | description | view/download |
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