access commercial finance limited
access commercial finance limited Company Information
Company Number
09218978
Next Accounts
1221 days late
Shareholders
graphco (002) ltd
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
trinity house, 28-30 blucher street, birmingham, B1 1QH
access commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS COMMERCIAL FINANCE LIMITED at £1.6m based on a Turnover of £1.2m and 1.41x industry multiple (adjusted for size and gross margin).
access commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS COMMERCIAL FINANCE LIMITED at £0 based on an EBITDA of £-1.8m and a 4.96x industry multiple (adjusted for size and gross margin).
access commercial finance limited Estimated Valuation
Pomanda estimates the enterprise value of ACCESS COMMERCIAL FINANCE LIMITED at £0 based on Net Assets of £-1.5m and 1.29x industry multiple (adjusted for liquidity).
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Access Commercial Finance Limited Overview
Access Commercial Finance Limited is a live company located in birmingham, B1 1QH with a Companies House number of 09218978. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in September 2014, it's largest shareholder is graphco (002) ltd with a 100% stake. Access Commercial Finance Limited is a established, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Access Commercial Finance Limited Health Check
Pomanda's financial health check has awarded Access Commercial Finance Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£4.4m)
- Access Commercial Finance Limited
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (5.3%)
- Access Commercial Finance Limited
5.3% - Industry AVG
Production
with a gross margin of 56.5%, this company has a comparable cost of product (56.5%)
- Access Commercial Finance Limited
56.5% - Industry AVG
Profitability
an operating margin of -156.6% make it less profitable than the average company (9.8%)
- Access Commercial Finance Limited
9.8% - Industry AVG
Employees
with 11 employees, this is similar to the industry average (12)
11 - Access Commercial Finance Limited
12 - Industry AVG
Pay Structure
on an average salary of £73.4k, the company has an equivalent pay structure (£73.4k)
- Access Commercial Finance Limited
£73.4k - Industry AVG
Efficiency
resulting in sales per employee of £106.4k, this is less efficient (£209k)
- Access Commercial Finance Limited
£209k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (36 days)
- Access Commercial Finance Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (44 days)
- Access Commercial Finance Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Access Commercial Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (28 weeks)
0 weeks - Access Commercial Finance Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 410%, this is a higher level of debt than the average (69.9%)
410% - Access Commercial Finance Limited
69.9% - Industry AVG
ACCESS COMMERCIAL FINANCE LIMITED financials
Access Commercial Finance Limited's latest turnover from December 2019 is estimated at £1.2 million and the company has net assets of -£1.5 million. According to their latest financial statements, Access Commercial Finance Limited has 11 employees and maintains cash reserves of £30 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 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 | 11 | 11 | 11 | 5 | 3 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|
| Tangible Assets | 15,676 | 72,276 | 10,961 | 11,871 | 1,544 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 50,676 | 0 | 575 | 425 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 66,352 | 72,276 | 11,536 | 12,296 | 1,544 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 9,155 | 37,612 | 11,558 | 383,601 | 35,812 |
| Group Debtors | 98,345 | 0 | 585,618 | 980 | 23 |
| Misc Debtors | 304,813 | 0 | 555,013 | 147,757 | 420,558 |
| Cash | 30 | 775 | 23,422 | 12,250 | 16,770 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 412,343 | 2,203,151 | 1,175,611 | 544,588 | 473,163 |
| total assets | 478,695 | 2,275,427 | 1,187,147 | 556,884 | 474,707 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 86,485 | 78,356 | 86,070 | 35,658 | 34,736 |
| Group/Directors Accounts | 1,420,299 | 0 | 17,500 | 40,147 | 0 |
| other short term finances | 0 | 1,193,664 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 455,672 | 0 | 712,280 | 116,348 | 83,819 |
| total current liabilities | 1,962,456 | 1,886,570 | 815,850 | 192,153 | 118,555 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,962,456 | 1,886,570 | 815,850 | 192,153 | 118,555 |
| net assets | -1,483,761 | 388,857 | 371,297 | 364,731 | 356,152 |
| total shareholders funds | -1,483,761 | 388,857 | 371,297 | 364,731 | 356,152 |
| Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 7,342 | 10,303 | 5,260 | 324 | |
| Amortisation | 0 | 0 | 0 | ||
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 374,701 | -1,114,577 | 619,851 | 75,945 | 456,393 |
| Creditors | 8,129 | -7,714 | 50,412 | 922 | 34,736 |
| Accruals and Deferred Income | 455,672 | -712,280 | 595,932 | 32,529 | 83,819 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 50,676 | -575 | 150 | 425 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,420,299 | -17,500 | -22,647 | 40,147 | 0 |
| Other Short Term Loans | -1,193,664 | 1,193,664 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -745 | -22,647 | 11,172 | -4,520 | 16,770 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -745 | -22,647 | 11,172 | -4,520 | 16,770 |
access commercial finance limited Credit Report and Business Information
Access Commercial Finance Limited Competitor Analysis
Perform a competitor analysis for access commercial finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in B 1 area or any other competitors across 12 key performance metrics.
access commercial finance limited Ownership
ACCESS COMMERCIAL FINANCE LIMITED group structure
Access Commercial Finance Limited has 6 subsidiary companies.
Ultimate parent company
1 parent
ACCESS COMMERCIAL FINANCE LIMITED
09218978
6 subsidiaries
access commercial finance limited directors
Access Commercial Finance Limited currently has 2 directors. The longest serving directors include Mr Stephen Thomson (Jul 2019) and Mr John Carnell (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Thomson | England | 66 years | Jul 2019 | - | Director |
| Mr John Carnell | United Kingdom | 71 years | Jan 2020 | - | Director |
P&L
December 2019turnover
1.2m
-8%
operating profit
-1.8m
0%
gross margin
56.6%
-0.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2019net assets
-1.5m
-4.82%
total assets
478.7k
-0.79%
cash
30
-0.96%
net assets
Total assets minus all liabilities
access commercial finance limited company details
company number
09218978
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
September 2014
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2019
previous names
N/A
accountant
SEDULO ACCOUNTANTS LIMITED
auditor
-
address
trinity house, 28-30 blucher street, birmingham, B1 1QH
Bank
-
Legal Advisor
-
access 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 access commercial finance limited.
access 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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access commercial finance limited Companies House Filings - See Documents
| date | description | view/download |
|---|
