privilege asset finance limited
privilege asset finance limited Company Information
Company Number
09908524
Registered Address
the old school high street, stretham, ely, CB6 3LD
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Telephone
01223203398
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
privilege project finance limited 100%
privilege asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE ASSET FINANCE LIMITED at £537.1k based on a Turnover of £254k and 2.11x industry multiple (adjusted for size and gross margin).
privilege asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE ASSET FINANCE LIMITED at £0 based on an EBITDA of £-6.5m and a 7.06x industry multiple (adjusted for size and gross margin).
privilege asset finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE ASSET FINANCE LIMITED at £0 based on Net Assets of £0 and 1.95x industry multiple (adjusted for liquidity).
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Privilege Asset Finance Limited Overview
Privilege Asset Finance Limited is a live company located in ely, CB6 3LD with a Companies House number of 09908524. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in December 2015, it's largest shareholder is privilege project finance limited with a 100% stake. Privilege Asset Finance Limited is a young, micro sized company, Pomanda has estimated its turnover at £254k with declining growth in recent years.
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Privilege Asset Finance Limited Health Check
Pomanda's financial health check has awarded Privilege Asset Finance Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
5 Weak
Size
annual sales of £254k, make it smaller than the average company (£7.3m)
£254k - Privilege Asset Finance Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -37%, show it is growing at a slower rate (6.6%)
-37% - Privilege Asset Finance Limited
6.6% - Industry AVG
Production
with a gross margin of 98.4%, this company has a lower cost of product (56.3%)
98.4% - Privilege Asset Finance Limited
56.3% - Industry AVG
Profitability
an operating margin of -2552.8% make it less profitable than the average company (14.3%)
-2552.8% - Privilege Asset Finance Limited
14.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (33)
- Privilege Asset Finance Limited
33 - Industry AVG
Pay Structure
on an average salary of £61.9k, the company has an equivalent pay structure (£61.9k)
- Privilege Asset Finance Limited
£61.9k - Industry AVG
Efficiency
resulting in sales per employee of £254k, this is less efficient (£384.2k)
- Privilege Asset Finance Limited
£384.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Asset Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Asset Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Asset Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Privilege Asset Finance Limited
- - Industry AVG
Debt Level
There is insufficient data available for this Key Performance Indicator!
- - Privilege Asset Finance Limited
- - Industry AVG
PRIVILEGE ASSET FINANCE LIMITED financials
Privilege Asset Finance Limited's latest turnover from December 2023 is £254 thousand and the company has net assets of 0. According to their latest financial statements, we estimate that Privilege Asset Finance Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 254,000 | 615,000 | 764,000 | 1,026,000 | 1,145,000 | 698,000 | 1,332,000 | 2,001,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,000 | 239,000 | 854,000 | 937,000 | 915,000 | 428,000 | 759,000 | 1,163,000 |
| Gross Profit | 250,000 | 376,000 | -90,000 | 89,000 | 230,000 | 270,000 | 573,000 | 838,000 |
| Admin Expenses | 6,734,000 | -3,982,000 | 1,973,000 | 1,342,000 | 238,000 | 776,000 | ||
| Operating Profit | -6,484,000 | 4,358,000 | -2,063,000 | -1,253,000 | -8,000 | 62,000 | ||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -6,484,000 | 4,358,000 | -2,063,000 | -1,253,000 | -8,000 | 36,000 | 765,000 | 62,000 |
| Tax | 0 | 0 | 41,000 | 46,000 | 0 | 0 | 0 | 0 |
| Profit After Tax | -6,484,000 | 4,358,000 | -2,022,000 | -1,207,000 | -8,000 | 36,000 | 765,000 | 62,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | 0 |
| Retained Profit | -6,484,000 | 4,358,000 | -2,022,000 | -1,207,000 | -8,000 | 36,000 | 265,000 | 62,000 |
| Employee Costs | 0 | 0 | 0 | 86,000 | 51,000 | 40,000 | 70,000 | |
| Number Of Employees | 2 | 3 | 2 | 19 | 22 | 1 | 2 | |
| EBITDA* | -6,484,000 | 4,358,000 | -2,063,000 | -1,253,000 | -4,000 | 141,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 3,000 | 5,000 | 37,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 1,000 | 8,000 | 36,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 200,000 | 200,000 |
| Debtors (Due After 1 year) | 0 | 5,444,000 | 258,000 | 2,671,000 | 3,154,000 | 6,494,000 | 3,933,000 | 9,051,000 |
| Total Fixed Assets | 0 | 5,444,000 | 258,000 | 2,671,000 | 3,154,000 | 6,498,000 | 4,146,000 | 9,324,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 3,495,000 | 0 | 0 |
| Group Debtors | 0 | 489,000 | 6,020,000 | 7,233,000 | 5,452,000 | 0 | 0 | 1,251,000 |
| Misc Debtors | 0 | 844,000 | 1,164,000 | 3,852,000 | 5,053,000 | 0 | 3,084,000 | 4,550,000 |
| Cash | 0 | 320,000 | 60,000 | 103,000 | 1,126,000 | 1,564,000 | 4,699,000 | 916,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 0 | 1,653,000 | 7,244,000 | 11,188,000 | 11,631,000 | 5,059,000 | 7,783,000 | 6,717,000 |
| total assets | 0 | 7,097,000 | 7,502,000 | 13,859,000 | 14,785,000 | 11,557,000 | 11,929,000 | 16,041,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 181,000 | 4,866,000 | 6,232,000 | 6,980,000 | 2,497,000 | 3,094,000 | 3,667,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 85,000 | 81,000 | 41,000 | 4,000 | 190,000 | 163,000 | 105,000 |
| total current liabilities | 0 | 266,000 | 4,947,000 | 6,273,000 | 6,984,000 | 2,687,000 | 3,257,000 | 3,772,000 |
| loans | 0 | 347,000 | 429,000 | 3,438,000 | 2,446,000 | 3,507,000 | 3,345,000 | 7,207,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| total long term liabilities | 0 | 347,000 | 429,000 | 3,438,000 | 2,446,000 | 3,507,000 | 3,345,000 | 7,207,000 |
| total liabilities | 0 | 613,000 | 5,376,000 | 9,711,000 | 9,430,000 | 6,194,000 | 6,602,000 | 10,979,000 |
| net assets | 0 | 6,484,000 | 2,126,000 | 4,148,000 | 5,355,000 | 5,363,000 | 5,327,000 | 5,062,000 |
| total shareholders funds | 0 | 6,484,000 | 2,126,000 | 4,148,000 | 5,355,000 | 5,363,000 | 5,327,000 | 5,062,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -6,484,000 | 4,358,000 | -2,063,000 | -1,253,000 | -8,000 | 62,000 | ||
| Depreciation | 0 | 0 | 0 | 0 | 3,000 | 2,000 | 35,000 | 57,000 |
| Amortisation | 0 | 0 | 0 | 0 | 1,000 | 7,000 | 29,000 | 22,000 |
| Tax | 0 | 0 | 41,000 | 46,000 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -6,777,000 | -665,000 | -6,314,000 | 97,000 | 3,670,000 | 2,972,000 | -7,835,000 | 14,852,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -85,000 | 4,000 | 40,000 | 37,000 | -186,000 | 27,000 | 58,000 | 105,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 208,000 | 5,027,000 | 4,332,000 | -1,267,000 | -3,860,000 | -14,606,000 | ||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -200,000 | 0 | 200,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -181,000 | -4,685,000 | -1,366,000 | -748,000 | 4,483,000 | -597,000 | -573,000 | 3,667,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -347,000 | -82,000 | -3,009,000 | 992,000 | -1,061,000 | 162,000 | -3,862,000 | 7,207,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -528,000 | -4,767,000 | -4,375,000 | 244,000 | 3,422,000 | -435,000 | -4,435,000 | 15,874,000 |
| cash and cash equivalents | ||||||||
| cash | -320,000 | 260,000 | -43,000 | -1,023,000 | -438,000 | -3,135,000 | 3,783,000 | 916,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -320,000 | 260,000 | -43,000 | -1,023,000 | -438,000 | -3,135,000 | 3,783,000 | 916,000 |
privilege asset finance limited Credit Report and Business Information
Privilege Asset Finance Limited Competitor Analysis
Perform a competitor analysis for privilege asset finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in CB6 area or any other competitors across 12 key performance metrics.
privilege asset finance limited Ownership
PRIVILEGE ASSET FINANCE LIMITED group structure
Privilege Asset Finance Limited has 1 subsidiary company.
Ultimate parent company
PRIME HOLDINGS LTD
#0091179
2 parents
PRIVILEGE ASSET FINANCE LIMITED
09908524
1 subsidiary
privilege asset finance limited directors
Privilege Asset Finance Limited currently has 2 directors. The longest serving directors include Mr Christopher Winward (Sep 2019) and Ms Tracy Giles (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Winward | England | 53 years | Sep 2019 | - | Director |
| Ms Tracy Giles | United Kingdom | 53 years | May 2021 | - | Director |
P&L
December 2023turnover
254k
-59%
operating profit
-6.5m
-249%
gross margin
98.5%
+60.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
0
-1%
total assets
0
-1%
cash
0
-1%
net assets
Total assets minus all liabilities
privilege asset finance limited company details
company number
09908524
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
December 2015
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
the old school high street, stretham, ely, CB6 3LD
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
privilege asset 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 privilege asset finance limited.
privilege asset finance limited Companies House Filings - See Documents
| date | description | view/download |
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