the currency transfer group ltdEstimated Valuation
£136.6k
Pomanda estimates the enterprise value of THE CURRENCY TRANSFER GROUP LTD at £136.6k based on a Turnover of £273.1k and 0.5x industry multiple (adjusted for size and gross margin).
the currency transfer group ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of THE CURRENCY TRANSFER GROUP LTD at £0 based on an EBITDA of £-196.7k and a 3.58x industry multiple (adjusted for size and gross margin).
the currency transfer group ltdEstimated Valuation
£341k
Pomanda estimates the enterprise value of THE CURRENCY TRANSFER GROUP LTD at £341k based on Net Assets of £144.1k and 2.37x industry multiple (adjusted for liquidity).
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The Currency Transfer Group LtdOverview
The Currency Transfer Group Ltd is a live company located in london, WC2B 5AH with a Companies House number of 09084999. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in June 2014, it's largest shareholder is
stevan litobac
with a 49.2% stake. The Currency Transfer Group Ltd is a established,
micro sized company, Pomanda has estimated its turnover at
£273.1k with
declining
growth in recent years.
Pomanda's financial health check has awarded The Currency Transfer Group Ltd 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
Health Rating1.5out of 5
1 Strong
2 Regular
7 Weak
Size
annual sales of £273.1k, make it smaller than the average company (£4.8m)
£273.1k - The Currency Transfer Group Ltd
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (6.6%)
-20% - The Currency Transfer Group Ltd
6.6% - Industry AVG
Production
with a gross margin of 38.2%, this company has a comparable cost of product (38.2%)
38.2% - The Currency Transfer Group Ltd
38.2% - Industry AVG
Profitability
an operating margin of -72% make it less profitable than the average company (5.7%)
-72% - The Currency Transfer Group Ltd
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (27)
3 - The Currency Transfer Group Ltd
27 - Industry AVG
Pay Structure
on an average salary of £54k, the company has an equivalent pay structure (£54k)
£54k - The Currency Transfer Group Ltd
£54k - Industry AVG
Efficiency
resulting in sales per employee of £91k, this is less efficient (£170.9k)
£91k - The Currency Transfer Group Ltd
£170.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - The Currency Transfer Group Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (32 days)
3 days - The Currency Transfer Group Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Currency Transfer Group Ltd
- - 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 - The Currency Transfer Group Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.8%, this is a lower level of debt than the average (62.6%)
41.8% - The Currency Transfer Group Ltd
62.6% - Industry AVG
THE CURRENCY TRANSFER GROUP LTD financials
EXPORT
The Currency Transfer Group Ltd's latest turnover from December 2023 is estimated at £273.1 thousand and the company has net assets of £144.1 thousand. According to their latest financial statements, The Currency Transfer Group Ltd has 3 employees and maintains cash reserves of £70 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Turnover
273,075
486,418
440,113
531,177
539,852
533,857
382,248
399,184
16,510
Other Income Or Grants
Cost Of Sales
168,829
300,484
276,129
329,303
337,103
333,540
236,436
247,308
10,442
Gross Profit
104,246
185,934
163,984
201,874
202,749
200,316
145,812
151,876
6,068
Admin Expenses
300,947
194,441
162,207
219,674
182,628
200,316
145,812
151,876
4,152
Operating Profit
-196,701
-8,507
1,777
-17,800
20,121
1,916
Interest Payable
Interest Receivable
2
Pre-Tax Profit
-196,699
-8,507
1,777
-17,800
20,121
1,916
Tax
-338
-3,823
-383
Profit After Tax
-196,699
-8,507
1,439
-17,800
16,298
1,533
Dividends Paid
Retained Profit
-196,699
-8,507
1,439
-17,800
16,298
1,533
Employee Costs
162,014
153,949
146,281
166,354
165,202
156,642
113,943
114,363
37,879
Number Of Employees
3
3
3
4
4
4
3
3
1
EBITDA*
-196,701
-8,507
1,777
-17,800
20,121
1,916
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Tangible Assets
Intangible Assets
Investments & Other
588
588
588
588
588
588
588
588
588
Debtors (Due After 1 year)
Total Fixed Assets
588
588
588
588
588
588
588
588
588
Stock & work in progress
Trade Debtors
3,103
Group Debtors
246,846
442,245
447,748
406,391
385,382
369,084
17,890
13,050
Misc Debtors
107
37,900
Cash
70
misc current assets
total current assets
246,916
442,245
447,855
444,291
385,382
369,084
17,890
13,050
3,103
total assets
247,504
442,833
448,443
444,879
385,970
369,672
18,478
13,638
3,691
Bank overdraft
Bank loan
Trade Creditors
1,800
198
Group/Directors Accounts
75,742
76,172
78,168
76,708
198
198
other short term finances
hp & lease commitments
other current liabilities
25,879
25,879
25,879
25,321
25,320
25,320
14,787
9,947
total current liabilities
103,421
102,051
104,047
102,029
25,320
25,320
14,985
10,145
198
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
103,421
102,051
104,047
102,029
25,320
25,320
14,985
10,145
198
net assets
144,083
340,782
344,396
342,850
360,650
344,352
3,493
3,493
3,493
total shareholders funds
144,083
340,782
344,396
342,850
360,650
344,352
3,493
3,493
3,493
Dec 2023
Dec 2022
Dec 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Operating Activities
Operating Profit
-196,701
-8,507
1,777
-17,800
20,121
1,916
Depreciation
Amortisation
Tax
-338
-3,823
-383
Stock
Debtors
-195,399
-5,610
3,564
58,909
16,298
351,194
4,840
9,947
3,103
Creditors
1,800
-198
198
Accruals and Deferred Income
558
1
10,533
4,840
9,947
Deferred Taxes & Provisions
Cash flow from operations
498
-2,897
-1,567
-76,708
-340,661
-198
-1,372
Investing Activities
capital expenditure
Change in Investments
588
cash flow from investments
-588
Financing Activities
Bank loans
Group/Directors Accounts
-430
-1,996
1,460
76,708
-198
198
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,893
107
340,859
1,960
interest
2
cash flow from financing
-428
2,897
1,567
76,708
340,661
198
1,960
cash and cash equivalents
cash
70
overdraft
change in cash
70
the currency transfer group ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for the currency transfer group ltd. Get real-time insights into the currency transfer group ltd's credit score, group structure and payment trends.
The Currency Transfer Group Ltd Competitor Analysis
Perform a competitor analysis for the currency transfer group ltd by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other micro companies, companies in WC2B area or any other competitors across 12 key performance metrics.
the currency transfer group ltd Ownership
THE CURRENCY TRANSFER GROUP LTD group structure
The Currency Transfer Group Ltd has 2 subsidiary companies.
The largest shareholders in The Currency Transfer Group Ltd include Stevan Litobac and Daniel Lee Abrahams.
stevan litobac
49.17%
daniel lee abrahams
36.87%
lee cory
8.15%
joel a. clayman
4.38%
robert anthony black
1.32%
david simon jaskel
0.11%
the currency transfer group ltd directors
The Currency Transfer Group Ltd currently has 3 directors.
The longest serving directors include
Mr Stevan Litobac (Jun 2014) and
Mr Lee Cory (Feb 2015).
82990 - Other business support service activities n.e.c.
incorporation date
June 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
BLICK ROTHERNBERG LIMITED
auditor
-
address
16 great queen street, covent garden, london, WC2B 5AH
Bank
-
Legal Advisor
-
the currency transfer group ltd 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 the currency transfer group ltd.
the currency transfer group ltd 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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the currency transfer group ltdCompanies House Filings - See Documents
