orchard funding group plc
orchard funding group plc Company Information
Company Number
09618919
Next Accounts
19 days late
Shareholders
richard juxon cobb
Group Structure
View All
Industry
Activities of financial services holding companies
Registered Address
222 armstrong road, luton, LU2 0FY
orchard funding group plc Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD FUNDING GROUP PLC at £9.8m based on a Turnover of £6.2m and 1.57x industry multiple (adjusted for size and gross margin).
orchard funding group plc Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD FUNDING GROUP PLC at £11.6m based on an EBITDA of £2.2m and a 5.26x industry multiple (adjusted for size and gross margin).
orchard funding group plc Estimated Valuation
Pomanda estimates the enterprise value of ORCHARD FUNDING GROUP PLC at £33.2m based on Net Assets of £17.7m and 1.87x industry multiple (adjusted for liquidity).
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Orchard Funding Group Plc Overview
Orchard Funding Group Plc is a live company located in luton, LU2 0FY with a Companies House number of 09618919. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in June 2015, it's largest shareholder is richard juxon cobb with a 100% stake. Orchard Funding Group Plc is a established, mid sized company, Pomanda has estimated its turnover at £6.2m with healthy growth in recent years.
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Orchard Funding Group Plc Health Check
Pomanda's financial health check has awarded Orchard Funding Group Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £6.2m, make it smaller than the average company (£10.9m)
£6.2m - Orchard Funding Group Plc
£10.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (8%)
11% - Orchard Funding Group Plc
8% - Industry AVG
Production
with a gross margin of 78.3%, this company has a comparable cost of product (76.8%)
78.3% - Orchard Funding Group Plc
76.8% - Industry AVG
Profitability
an operating margin of 34.8% make it more profitable than the average company (9.4%)
34.8% - Orchard Funding Group Plc
9.4% - Industry AVG
Employees
with 22 employees, this is below the industry average (62)
22 - Orchard Funding Group Plc
62 - Industry AVG
Pay Structure
on an average salary of £75.4k, the company has an equivalent pay structure (£79.5k)
£75.4k - Orchard Funding Group Plc
£79.5k - Industry AVG
Efficiency
resulting in sales per employee of £282.5k, this is more efficient (£202.6k)
£282.5k - Orchard Funding Group Plc
£202.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Orchard Funding Group Plc
- - Industry AVG
Creditor Days
its suppliers are paid after 1776 days, this is slower than average (50 days)
1776 days - Orchard Funding Group Plc
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Orchard Funding Group Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (29 weeks)
3 weeks - Orchard Funding Group Plc
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.3%, this is a higher level of debt than the average (57.6%)
71.3% - Orchard Funding Group Plc
57.6% - Industry AVG
ORCHARD FUNDING GROUP PLC financials
Orchard Funding Group Plc's latest turnover from July 2023 is £6.2 million and the company has net assets of £17.7 million. According to their latest financial statements, Orchard Funding Group Plc has 22 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,215,000 | 5,003,000 | 3,224,000 | 4,558,000 | 4,856,000 | 5,174,000 | 4,560,000 | 3,468,864 | 3,409,859 | 2,993,369 |
| Other Income Or Grants | 0 | 0 | 214,000 | 0 | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 1,349,000 | 587,000 | 0 | 624,000 | 704,000 | 535,000 | 947,579 | 948,610 | ||
| Gross Profit | 4,866,000 | 4,416,000 | 3,438,000 | 3,934,000 | 4,152,000 | 4,639,000 | 2,462,280 | 2,044,759 | ||
| Admin Expenses | 2,703,000 | 2,537,000 | 2,385,000 | 2,377,000 | 2,132,000 | 2,746,000 | 1,169,028 | 1,070,646 | ||
| Operating Profit | 2,163,000 | 1,879,000 | 1,053,000 | 1,557,000 | 2,020,000 | 1,893,000 | 1,641,000 | 1,270,730 | 1,293,252 | 974,113 |
| Interest Payable | 1,000 | 2,000 | 3,000 | 2,000 | 4,000 | 0 | 329,000 | 238,079 | 0 | |
| Interest Receivable | 9,000 | 1,000 | 0 | 6,000 | 5,000 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,171,000 | 1,878,000 | 1,050,000 | 1,561,000 | 2,021,000 | 1,893,000 | 1,641,000 | 1,270,730 | 1,293,252 | 974,113 |
| Tax | -458,000 | -360,000 | -211,000 | -288,000 | -387,000 | -381,000 | -303,000 | -266,653 | -258,839 | -223,024 |
| Profit After Tax | 1,713,000 | 1,518,000 | 839,000 | 1,273,000 | 1,634,000 | 1,512,000 | 1,338,000 | 1,004,077 | 1,034,413 | 751,089 |
| Dividends Paid | 641,000 | 641,000 | 0 | 641,000 | 641,000 | 641,000 | 514,000 | 300,026 | 137,500 | 0 |
| Retained Profit | 1,072,000 | 877,000 | 839,000 | 632,000 | 993,000 | 871,000 | 824,000 | 704,051 | 896,913 | 751,089 |
| Employee Costs | 1,659,000 | 1,382,000 | 1,267,000 | 1,178,000 | 1,100,000 | 1,002,000 | 1,072,000 | 838,544 | 321,521 | 277,106 |
| Number Of Employees | 22 | 20 | 20 | 22 | 19 | 18 | 17 | 15 | 13 | 9 |
| EBITDA* | 2,206,000 | 1,942,000 | 1,124,000 | 1,634,000 | 2,102,000 | 1,949,000 | 1,695,000 | 1,291,250 | 1,301,553 | 985,113 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,986,000 | 6,704,000 | 2,417,000 | 160,000 | 115,000 | 77,000 | 99,000 | 95,058 | 4,427 | 11,900 |
| Intangible Assets | 41,000 | 7,000 | 4,000 | 16,000 | 42,000 | 42,000 | 75,000 | 43,873 | 0 | 0 |
| Investments & Other | 7,973,000 | 6,675,000 | 2,338,000 | 6,000 | 18,000 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 13,000 | 10,000 | 0 | 23,000 | 0 | 0 | 0 |
| Total Fixed Assets | 8,027,000 | 6,711,000 | 2,421,000 | 170,000 | 157,000 | 119,000 | 174,000 | 138,931 | 4,427 | 11,900 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 30,945,000 | 28,413,000 | 21,799,397 | 17,857,768 | 19,426,626 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 279,000 | 189,000 | 233,000 | 120,000 | 156,000 | 139,000 | 110,000 | 204,471 | 57,229 | 16,337 |
| Cash | 2,550,000 | 4,796,000 | 2,170,000 | 2,300,000 | 2,139,000 | 1,286,000 | 1,728,000 | 1,390,098 | 2,901,960 | 16,944 |
| misc current assets | 51,021,000 | 37,143,000 | 27,616,000 | 27,300,000 | 32,141,000 | 0 | 0 | 0 | 1,410 | 1,410 |
| total current assets | 53,850,000 | 42,128,000 | 30,019,000 | 29,720,000 | 34,436,000 | 32,370,000 | 30,251,000 | 23,393,966 | 20,818,367 | 19,461,317 |
| total assets | 61,877,000 | 48,839,000 | 32,440,000 | 29,890,000 | 34,593,000 | 32,489,000 | 30,425,000 | 23,532,897 | 20,822,794 | 19,473,217 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 9,174,044 | 47,159 | 89,739 |
| Bank loan | 0 | 0 | 11,439,000 | 10,977,000 | 16,184,000 | 0 | 13,520,000 | 0 | 7,015,155 | 0 |
| Trade Creditors | 6,565,000 | 4,522,000 | 3,274,000 | 2,487,000 | 2,554,000 | 2,051,000 | 3,182,000 | 1,469,707 | 1,447,922 | 1,929,526 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 26,079,000 | 19,468,000 | 0 | 27,000 | 34,000 | 16,008,000 | 204,000 | 25,110 | 0 | 14,922,933 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 10,000 | 8,773 | 0 | 0 |
| other current liabilities | 2,839,000 | 2,114,000 | 1,046,000 | 725,000 | 831,000 | 339,000 | 279,000 | 476,241 | 674,393 | 584,808 |
| total current liabilities | 35,483,000 | 26,104,000 | 15,759,000 | 14,216,000 | 19,603,000 | 18,398,000 | 17,195,000 | 11,153,875 | 9,184,629 | 17,527,006 |
| loans | 17,286,000 | 12,114,000 | 1,756,000 | 144,000 | 30,000 | 98,000 | 114,000 | 54,636 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 16,000 | 26,218 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 5,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,000 | 2,000 | 6,000 | 0 | 10,000 | 0 | 14,000 | 20,156 | 1,180 | 3,252 |
| total long term liabilities | 8,645,000 | 6,058,000 | 881,000 | 72,000 | 20,000 | 54,000 | 64,000 | 37,396 | 590 | 1,626 |
| total liabilities | 44,128,000 | 32,162,000 | 16,640,000 | 14,288,000 | 19,623,000 | 18,452,000 | 17,259,000 | 11,191,271 | 9,185,219 | 17,528,632 |
| net assets | 17,749,000 | 16,677,000 | 15,800,000 | 15,602,000 | 14,970,000 | 14,037,000 | 13,166,000 | 12,341,626 | 11,637,575 | 1,944,585 |
| total shareholders funds | 17,749,000 | 16,677,000 | 15,800,000 | 15,602,000 | 14,970,000 | 14,037,000 | 13,166,000 | 12,341,626 | 11,637,575 | 1,944,585 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | Jul 2019 | Jul 2018 | Jul 2017 | Jul 2016 | Jul 2015 | Jul 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,163,000 | 1,879,000 | 1,053,000 | 1,557,000 | 2,020,000 | 1,893,000 | 1,641,000 | 1,270,730 | 1,293,252 | 974,113 |
| Depreciation | 20,000 | 54,000 | 59,000 | 51,000 | 46,000 | 18,000 | 54,000 | 13,444 | 8,301 | 11,000 |
| Amortisation | 23,000 | 9,000 | 12,000 | 26,000 | 36,000 | 38,000 | 0 | 7,076 | 0 | 0 |
| Tax | -458,000 | -360,000 | -211,000 | -288,000 | -387,000 | -381,000 | -303,000 | -266,653 | -258,839 | -223,024 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 90,000 | -44,000 | 100,000 | -33,000 | -30,918,000 | 2,538,000 | 6,542,132 | 4,088,871 | -1,527,966 | 19,442,963 |
| Creditors | 2,043,000 | 1,248,000 | 787,000 | -67,000 | 503,000 | -1,131,000 | 1,712,293 | 21,785 | -481,604 | 1,929,526 |
| Accruals and Deferred Income | 725,000 | 1,068,000 | 321,000 | -106,000 | 487,000 | 65,000 | -197,241 | -198,152 | 89,585 | 584,808 |
| Deferred Taxes & Provisions | 2,000 | -4,000 | 6,000 | -10,000 | 10,000 | -14,000 | -6,156 | 18,976 | -2,072 | 3,252 |
| Cash flow from operations | 4,428,000 | 3,938,000 | 1,927,000 | 1,196,000 | 33,633,000 | -2,050,000 | -3,641,236 | -3,221,665 | 2,176,589 | -16,163,288 |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 1,298,000 | 4,337,000 | 2,332,000 | -12,000 | 18,000 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | -11,439,000 | 462,000 | -5,207,000 | 16,184,000 | -13,520,000 | 13,520,000 | -7,015,155 | 7,015,155 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 6,611,000 | 19,468,000 | -27,000 | -7,000 | -15,974,000 | 15,804,000 | 178,890 | 25,110 | -14,922,933 | 14,922,933 |
| Long term loans | 5,172,000 | 10,358,000 | 1,612,000 | 114,000 | -68,000 | -16,000 | 59,364 | 54,636 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -26,000 | -8,991 | 34,991 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | 8,000 | -1,000 | -3,000 | 4,000 | 1,000 | 0 | -329,000 | -238,079 | 0 | |
| cash flow from financing | 11,791,000 | 18,386,000 | 1,403,000 | -5,096,000 | 83,000 | 2,242,000 | 13,420,637 | -7,138,497 | 16,116,429 | |
| cash and cash equivalents | ||||||||||
| cash | -2,246,000 | 2,626,000 | -130,000 | 161,000 | 853,000 | -442,000 | 337,902 | -1,511,862 | 2,885,016 | 16,944 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -9,174,044 | 9,126,885 | -42,580 | 89,739 |
| change in cash | -2,246,000 | 2,626,000 | -130,000 | 161,000 | 853,000 | -442,000 | 9,511,946 | -10,638,747 | 2,927,596 | -72,795 |
orchard funding group plc Credit Report and Business Information
Orchard Funding Group Plc Competitor Analysis
Perform a competitor analysis for orchard funding group plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in LU2 area or any other competitors across 12 key performance metrics.
orchard funding group plc Ownership
ORCHARD FUNDING GROUP PLC group structure
Orchard Funding Group Plc has 5 subsidiary companies.
Ultimate parent company
ORCHARD FUNDING GROUP PLC
09618919
5 subsidiaries
orchard funding group plc directors
Orchard Funding Group Plc currently has 4 directors. The longest serving directors include Mr Liam McShane (Jun 2015) and Mr Rabinder Takhar (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Liam McShane | England | 67 years | Jun 2015 | - | Director |
| Mr Rabinder Takhar | 60 years | Jun 2015 | - | Director | |
| Mr Ketan Malde | England | 67 years | Sep 2019 | - | Director |
| Mr Steven Hicks | United Kingdom | 61 years | Dec 2019 | - | Director |
P&L
July 2023turnover
6.2m
+24%
operating profit
2.2m
+15%
gross margin
78.3%
-11.3%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
17.7m
+0.06%
total assets
61.9m
+0.27%
cash
2.6m
-0.47%
net assets
Total assets minus all liabilities
orchard funding group plc company details
company number
09618919
Type
Public limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
June 2015
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
222 armstrong road, luton, LU2 0FY
Bank
BARCLAYS BANK PLC
Legal Advisor
-
orchard funding group 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 orchard funding group plc.
orchard funding group plc 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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orchard funding group plc Companies House Filings - See Documents
| date | description | view/download |
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