non-standard finance plc
non-standard finance plc Company Information
Company Number
09122252
Website
www.nonstandardfinance.comRegistered Address
33 finsbury square, london, EC2A 1AG
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
7 days late
Group Structure
View All
Directors
Jonathan Gillespie4 Years
Shareholders
undisclosed 100%
non-standard finance plc Estimated Valuation
Pomanda estimates the enterprise value of NON-STANDARD FINANCE PLC at £299.3m based on a Turnover of £98.3m and 3.04x industry multiple (adjusted for size and gross margin).
non-standard finance plc Estimated Valuation
Pomanda estimates the enterprise value of NON-STANDARD FINANCE PLC at £83.2m based on an EBITDA of £6.7m and a 12.51x industry multiple (adjusted for size and gross margin).
non-standard finance plc Estimated Valuation
Pomanda estimates the enterprise value of NON-STANDARD FINANCE PLC at £0 based on Net Assets of £-97.5m and 1.93x industry multiple (adjusted for liquidity).
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Non-standard Finance Plc Overview
Non-standard Finance Plc is a live company located in london, EC2A 1AG with a Companies House number of 09122252. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2014, it's largest shareholder is undisclosed with a 100% stake. Non-standard Finance Plc is a established, large sized company, Pomanda has estimated its turnover at £98.3m with declining growth in recent years.
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Non-standard Finance Plc Health Check
Pomanda's financial health check has awarded Non-Standard Finance Plc a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £98.3m, make it larger than the average company (£4.6m)
£98.3m - Non-standard Finance Plc
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (3.2%)
-18% - Non-standard Finance Plc
3.2% - Industry AVG
Production
with a gross margin of 61.4%, this company has a comparable cost of product (61.4%)
61.4% - Non-standard Finance Plc
61.4% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (10.8%)
4.5% - Non-standard Finance Plc
10.8% - Industry AVG
Employees
with 550 employees, this is above the industry average (15)
550 - Non-standard Finance Plc
15 - Industry AVG
Pay Structure
on an average salary of £60.2k, the company has a lower pay structure (£79.3k)
£60.2k - Non-standard Finance Plc
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £178.8k, this is less efficient (£226.6k)
£178.8k - Non-standard Finance Plc
£226.6k - Industry AVG
Debtor Days
it gets paid by customers after 278 days, this is later than average (30 days)
278 days - Non-standard Finance Plc
30 days - Industry AVG
Creditor Days
its suppliers are paid after 105 days, this is slower than average (38 days)
105 days - Non-standard Finance Plc
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Non-standard Finance Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (38 weeks)
5 weeks - Non-standard Finance Plc
38 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 143.6%, this is a higher level of debt than the average (59%)
143.6% - Non-standard Finance Plc
59% - Industry AVG
NON-STANDARD FINANCE PLC financials
Non-Standard Finance Plc's latest turnover from December 2022 is £98.3 million and the company has net assets of -£97.5 million. According to their latest financial statements, Non-Standard Finance Plc has 550 employees and maintains cash reserves of £32.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 98,337,000 | 131,387,000 | 162,665,000 | 180,784,000 | 158,824,000 | 107,771,000 | 72,757,000 | 9,201,000 |
| Other Income Or Grants | 0 | |||||||
| Cost Of Sales | 3,858,000 | |||||||
| Gross Profit | 5,343,000 | |||||||
| Admin Expenses | 15,370,000 | |||||||
| Operating Profit | 4,460,000 | 7,092,000 | -24,452,000 | 32,066,000 | 18,742,000 | 3,802,000 | -5,232,000 | -10,027,000 |
| Interest Payable | 29,051,000 | 25,979,000 | 28,836,000 | 27,458,000 | 21,107,000 | 10,481,000 | 3,484,000 | 3,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73,000 |
| Pre-Tax Profit | -56,359,000 | -29,610,000 | -135,721,000 | -75,976,000 | -2,365,000 | -13,021,000 | -9,342,000 | -16,092,000 |
| Tax | 0 | -75,000 | 164,000 | -332,000 | 58,000 | 2,686,000 | 1,344,000 | 3,022,000 |
| Profit After Tax | -56,359,000 | -29,685,000 | -135,557,000 | -76,308,000 | -2,307,000 | -10,335,000 | -7,998,000 | -13,070,000 |
| Dividends Paid | 0 | 0 | 0 | 8,425,000 | 7,177,000 | 4,439,000 | 951,000 | 0 |
| Retained Profit | -56,359,000 | -29,685,000 | -135,557,000 | -84,733,000 | -9,484,000 | -14,774,000 | -8,949,000 | -13,070,000 |
| Employee Costs | 33,093,000 | 42,690,000 | 43,854,000 | 50,975,000 | 46,218,000 | 32,899,000 | 20,287,000 | 5,076,000 |
| Number Of Employees | 550 | 848 | 935 | 879 | 762 | 678 | 497 | 303 |
| EBITDA* | 6,653,000 | 17,177,000 | -18,955,000 | 42,983,000 | 30,174,000 | 13,196,000 | 6,172,000 | -5,799,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 111,802,000 | 110,638,000 | 264,612,000 | 205,741,000 | 205,779,000 | 5,562,000 | 5,459,000 | 1,718,000 |
| Intangible Assets | 2,886,000 | 2,772,000 | 8,237,000 | 83,404,000 | 155,145,000 | 161,745,000 | 149,482,000 | 54,295,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 241,000 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 101,969,000 | 98,836,000 | 124,128,000 | 186,947,000 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 114,688,000 | 113,410,000 | 148,721,000 | 287,467,000 | 360,924,000 | 167,307,000 | 154,941,000 | 56,013,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,000 |
| Trade Debtors | 75,135,000 | 109,148,000 | 0 | 0 | 0 | 0 | 0 | 28,412,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,363,000 | 2,526,000 | 2,080,000 | 2,183,000 | 3,967,000 | 1,551,000 | 9,709,000 | 10,275,000 |
| Cash | 32,783,000 | 114,577,000 | 77,956,000 | 14,192,000 | 13,894,000 | 10,954,000 | 5,215,000 | 7,320,000 |
| misc current assets | 0 | 0 | 134,073,000 | 176,379,000 | 112,027,000 | 268,096,000 | 180,413,000 | 0 |
| total current assets | 109,281,000 | 227,728,000 | 215,659,000 | 193,214,000 | 129,888,000 | 280,601,000 | 195,337,000 | 46,010,000 |
| total assets | 223,969,000 | 341,138,000 | 364,380,000 | 480,681,000 | 490,812,000 | 447,908,000 | 350,278,000 | 102,023,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 10,941,000 | 955,000 | 614,000 | 8,394,000 | 486,000 | 139,000 | 917,000 | 4,180,000 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 255,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 1,765,000 | 2,129,000 | 1,928,000 | 1,830,000 | 0 | 0 | 0 | 0 |
| other current liabilities | 48,114,000 | 43,063,000 | 37,826,000 | 19,981,000 | 16,548,000 | 10,214,000 | 7,088,000 | 12,680,000 |
| total current liabilities | 315,820,000 | 46,147,000 | 40,368,000 | 30,205,000 | 17,034,000 | 10,353,000 | 8,005,000 | 16,860,000 |
| loans | 11,390,000 | 672,356,000 | 671,096,000 | 653,730,000 | 532,644,000 | 398,632,000 | 174,600,000 | 0 |
| hp & lease commitments | 5,695,000 | 7,416,000 | 8,961,000 | 9,275,000 | 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 | 9,992,000 | 11,780,000 | 0 |
| total long term liabilities | 5,695,000 | 336,178,000 | 335,548,000 | 326,865,000 | 266,322,000 | 204,312,000 | 93,190,000 | 0 |
| total liabilities | 321,515,000 | 382,325,000 | 375,916,000 | 357,070,000 | 283,356,000 | 214,665,000 | 101,195,000 | 16,860,000 |
| net assets | -97,546,000 | -41,187,000 | -11,536,000 | 123,611,000 | 207,201,000 | 232,988,000 | 248,828,000 | 84,908,000 |
| total shareholders funds | -97,546,000 | -41,187,000 | -11,536,000 | 123,611,000 | 207,201,000 | 232,988,000 | 248,828,000 | 84,908,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 4,460,000 | 7,092,000 | -24,452,000 | 32,066,000 | 18,742,000 | 3,802,000 | -5,232,000 | -10,027,000 |
| Depreciation | 1,215,000 | 2,175,000 | 1,941,000 | 1,827,000 | 1,519,000 | 1,497,000 | 690,000 | 198,000 |
| Amortisation | 978,000 | 7,910,000 | 3,556,000 | 9,090,000 | 9,913,000 | 7,897,000 | 10,714,000 | 4,030,000 |
| Tax | 0 | -75,000 | 164,000 | -332,000 | 58,000 | 2,686,000 | 1,344,000 | 3,022,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -3,000 | 3,000 |
| Debtors | -32,043,000 | 84,302,000 | -62,922,000 | 185,163,000 | 2,416,000 | -8,158,000 | -28,978,000 | 38,687,000 |
| Creditors | 9,986,000 | 341,000 | -7,780,000 | 7,908,000 | 347,000 | -778,000 | -3,263,000 | 4,180,000 |
| Accruals and Deferred Income | 5,051,000 | 5,237,000 | 17,845,000 | 3,433,000 | 6,334,000 | 3,126,000 | -5,592,000 | 12,680,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -9,992,000 | -1,788,000 | 11,780,000 | 0 |
| Cash flow from operations | 53,733,000 | -61,622,000 | 54,196,000 | -131,171,000 | 24,505,000 | 24,600,000 | 39,422,000 | -24,607,000 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | -241,000 | 241,000 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 255,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -660,966,000 | 1,260,000 | 17,366,000 | 121,086,000 | 134,012,000 | 224,032,000 | 174,600,000 | 0 |
| Hire Purchase and Lease Commitments | -2,085,000 | -1,344,000 | -216,000 | 11,105,000 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -29,051,000 | -25,979,000 | -28,836,000 | -27,458,000 | -21,107,000 | -10,481,000 | -3,484,000 | 70,000 |
| cash flow from financing | -437,102,000 | -26,029,000 | -11,276,000 | 105,876,000 | 96,602,000 | 212,485,000 | 343,985,000 | 98,048,000 |
| cash and cash equivalents | ||||||||
| cash | -81,794,000 | 36,621,000 | 63,764,000 | 298,000 | 2,940,000 | 5,739,000 | -2,105,000 | 7,320,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -81,794,000 | 36,621,000 | 63,764,000 | 298,000 | 2,940,000 | 5,739,000 | -2,105,000 | 7,320,000 |
non-standard finance plc Credit Report and Business Information
Non-standard Finance Plc Competitor Analysis
Perform a competitor analysis for non-standard finance plc by selecting its closest rivals and benchmarking them against 12 key performance metrics.
non-standard finance plc Ownership
NON-STANDARD FINANCE PLC group structure
Non-Standard Finance Plc has 2 subsidiary companies.
Ultimate parent company
NON-STANDARD FINANCE PLC
09122252
2 subsidiaries
non-standard finance plc directors
Non-Standard Finance Plc currently has 1 director, Mr Jonathan Gillespie serving since Apr 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Gillespie | United Kingdom | 51 years | Apr 2020 | - | Director |
P&L
December 2022turnover
98.3m
-25%
operating profit
4.5m
-37%
gross margin
61.5%
-1.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-97.5m
+1.37%
total assets
224m
-0.34%
cash
32.8m
-0.71%
net assets
Total assets minus all liabilities
non-standard finance plc company details
company number
09122252
Type
Public 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
July 2014
age
10
accounts
Group
ultimate parent company
previous names
non-standard finance limited (December 2014)
non standard finance limited (August 2014)
incorporated
UK
address
33 finsbury square, london, EC2A 1AG
last accounts submitted
December 2022
non-standard finance 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 non-standard finance plc.
non-standard finance plc Companies House Filings - See Documents
| date | description | view/download |
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