platinum factoring limited
platinum factoring limited Company Information
Group Structure
View All
Industry
Factoring
Registered Address
unimix house, platinum suite, abbey road, london, NW10 7TR
Website
-platinum factoring limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM FACTORING LIMITED at £280k based on a Turnover of £193.9k and 1.44x industry multiple (adjusted for size and gross margin).
platinum factoring limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM FACTORING LIMITED at £0 based on an EBITDA of £-6.6k and a 4.47x industry multiple (adjusted for size and gross margin).
platinum factoring limited Estimated Valuation
Pomanda estimates the enterprise value of PLATINUM FACTORING LIMITED at £46.7k based on Net Assets of £25.6k and 1.83x industry multiple (adjusted for liquidity).
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Platinum Factoring Limited Overview
Platinum Factoring Limited is a dissolved company that was located in london, NW10 7TR with a Companies House number of 09477661. It operated in the factoring sector, SIC Code 64992. Founded in March 2015, it's largest shareholder was zafar ali with a 100% stake. The last turnover for Platinum Factoring Limited was estimated at £193.9k.
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Platinum Factoring Limited Health Check
Pomanda's financial health check has awarded Platinum Factoring Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £193.9k, make it smaller than the average company (£3.5m)
- Platinum Factoring Limited
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 196%, show it is growing at a faster rate (2.5%)
- Platinum Factoring Limited
2.5% - Industry AVG
Production
with a gross margin of 61%, this company has a comparable cost of product (61%)
- Platinum Factoring Limited
61% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (32.4%)
- Platinum Factoring Limited
32.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (32)
2 - Platinum Factoring Limited
32 - Industry AVG
Pay Structure
on an average salary of £57.2k, the company has an equivalent pay structure (£57.2k)
- Platinum Factoring Limited
£57.2k - Industry AVG
Efficiency
resulting in sales per employee of £97k, this is less efficient (£206.7k)
- Platinum Factoring Limited
£206.7k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (1691 days)
- Platinum Factoring Limited
1691 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (455 days)
- Platinum Factoring Limited
455 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Platinum Factoring Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 275 weeks, this is more cash available to meet short term requirements (1 weeks)
275 weeks - Platinum Factoring Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.9%, this is a lower level of debt than the average (92%)
14.9% - Platinum Factoring Limited
92% - Industry AVG
PLATINUM FACTORING LIMITED financials
Platinum Factoring Limited's latest turnover from September 2021 is estimated at £193.9 thousand and the company has net assets of £25.6 thousand. According to their latest financial statements, Platinum Factoring Limited has 2 employees and maintains cash reserves of £23.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2021 | Sep 2020 | Apr 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|
| 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 | 2 | 3 | 2 | 2 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2021 | Sep 2020 | Apr 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 3,061 | 3,826 | 4,783 | 980 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 3,061 | 3,826 | 4,783 | 980 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 6,750 | 19,792 | 24,029 | 47,500 | 50,000 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 23,951 | 21,000 | 0 | 0 |
| Cash | 23,296 | 21,874 | 4,345 | 7,833 | 2,786 | 4,563 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 30,046 | 41,666 | 52,325 | 76,333 | 52,786 | 4,563 |
| total assets | 30,046 | 41,666 | 55,386 | 80,159 | 57,569 | 5,543 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,600 | 3,600 | 3,601 | 32,999 | 40,000 | 4,200 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 795 | 2,035 | 9,211 | 5,255 | 1,577 | 1,803 |
| total current liabilities | 4,395 | 5,635 | 12,812 | 38,254 | 41,577 | 6,003 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 83 | 3,837 | 11,570 | 30,771 | 14,811 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 83 | 3,837 | 11,570 | 30,771 | 14,811 | 0 |
| total liabilities | 4,478 | 9,472 | 24,382 | 69,025 | 56,388 | 6,003 |
| net assets | 25,568 | 32,194 | 31,004 | 11,134 | 1,181 | -460 |
| total shareholders funds | 25,568 | 32,194 | 31,004 | 11,134 | 1,181 | -460 |
| Sep 2021 | Sep 2020 | Apr 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 765 | 957 | 1,196 | 245 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -13,042 | -28,188 | -20,520 | 18,500 | 50,000 | 0 |
| Creditors | 0 | -1 | -29,398 | -7,001 | 35,800 | 4,200 |
| Accruals and Deferred Income | -1,240 | -7,176 | 3,956 | 3,678 | -226 | 1,803 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -3,754 | -7,733 | -19,201 | 15,960 | 14,811 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 1,422 | 17,529 | -3,488 | 5,047 | -1,777 | 4,563 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,422 | 17,529 | -3,488 | 5,047 | -1,777 | 4,563 |
platinum factoring limited Credit Report and Business Information
Platinum Factoring Limited Competitor Analysis
Perform a competitor analysis for platinum factoring limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in NW10 area or any other competitors across 12 key performance metrics.
platinum factoring limited Ownership
PLATINUM FACTORING LIMITED group structure
Platinum Factoring Limited has no subsidiary companies.
Ultimate parent company
PLATINUM FACTORING LIMITED
09477661
platinum factoring limited directors
Platinum Factoring Limited currently has 1 director, Mr Zafar Ali serving since Mar 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Zafar Ali | England | 48 years | Mar 2015 | - | Director |
P&L
September 2021turnover
193.9k
-39%
operating profit
-6.6k
0%
gross margin
61%
+6.02%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2021net assets
25.6k
-0.21%
total assets
30k
-0.28%
cash
23.3k
+0.07%
net assets
Total assets minus all liabilities
platinum factoring limited company details
company number
09477661
Type
Private limited with Share Capital
industry
64992 - Factoring
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2021
previous names
N/A
accountant
PLATINUM ACCOUNTANTS
auditor
-
address
unimix house, platinum suite, abbey road, london, NW10 7TR
Bank
-
Legal Advisor
-
platinum factoring 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 platinum factoring limited.
platinum factoring 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.
Click to start generating capital raising & share issue transactions for PLATINUM FACTORING LIMITED. This can take several minutes, an email will notify you when this has completed.
platinum factoring limited Companies House Filings - See Documents
| date | description | view/download |
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