able financial ltd
able financial ltd Company Information
Company Number
10113758
Next Accounts
Dec 2024
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Directors
Shareholders
andrew james rostron
Group Structure
View All
Contact
Registered Address
units 1 to 3 hilltop business pa, devizes road, salisbury, wiltshire, SP3 4UF
Website
ablefinancial.co.ukable financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABLE FINANCIAL LTD at £1.3m based on a Turnover of £1.4m and 0.97x industry multiple (adjusted for size and gross margin).
able financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABLE FINANCIAL LTD at £2.2m based on an EBITDA of £631.3k and a 3.56x industry multiple (adjusted for size and gross margin).
able financial ltd Estimated Valuation
Pomanda estimates the enterprise value of ABLE FINANCIAL LTD at £906.9k based on Net Assets of £690.2k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Able Financial Ltd Overview
Able Financial Ltd is a dissolved company that was located in salisbury, SP3 4UF with a Companies House number of 10113758. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2016, it's largest shareholder was andrew james rostron with a 100% stake. The last turnover for Able Financial Ltd was estimated at £1.4m.
Upgrade for unlimited company reports & a free credit check
Able Financial Ltd Health Check
Pomanda's financial health check has awarded Able Financial Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£3.6m)
- Able Financial Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (2.5%)
- Able Financial Ltd
2.5% - Industry AVG
Production
with a gross margin of 25.4%, this company has a higher cost of product (63.8%)
- Able Financial Ltd
63.8% - Industry AVG
Profitability
an operating margin of 45.6% make it more profitable than the average company (12.2%)
- Able Financial Ltd
12.2% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Able Financial Ltd
13 - Industry AVG
Pay Structure
on an average salary of £71.5k, the company has an equivalent pay structure (£71.5k)
- Able Financial Ltd
£71.5k - Industry AVG
Efficiency
resulting in sales per employee of £461.7k, this is more efficient (£208.1k)
- Able Financial Ltd
£208.1k - Industry AVG
Debtor Days
it gets paid by customers after 218 days, this is later than average (31 days)
- Able Financial Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (40 days)
- Able Financial Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Able Financial Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Able Financial Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.8%, this is a lower level of debt than the average (56.9%)
17.8% - Able Financial Ltd
56.9% - Industry AVG
ABLE FINANCIAL LTD financials
Able Financial Ltd's latest turnover from April 2022 is estimated at £1.4 million and the company has net assets of £690.2 thousand. According to their latest financial statements, Able Financial Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 10,999 | 6,142 | 7,951 | 8,258 | 0 | 0 |
| 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 | 10,999 | 6,142 | 7,951 | 8,258 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 828,223 | 206,664 | 216,503 | 173,988 | 87,461 | 39,398 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 828,223 | 206,664 | 216,503 | 173,988 | 87,461 | 39,398 |
| total assets | 839,222 | 212,806 | 224,454 | 182,246 | 87,461 | 39,398 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 147,583 | 32,770 | 45,008 | 78,460 | 60,398 | 34,865 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 147,583 | 32,770 | 45,008 | 78,460 | 60,398 | 34,865 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,440 | 1,200 | 1,200 | 1,200 | 2,400 | 1,200 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,440 | 1,200 | 1,200 | 1,200 | 2,400 | 1,200 |
| total liabilities | 149,023 | 33,970 | 46,208 | 79,660 | 62,798 | 36,065 |
| net assets | 690,199 | 178,836 | 178,246 | 102,586 | 24,663 | 3,333 |
| total shareholders funds | 690,199 | 178,836 | 178,246 | 102,586 | 24,663 | 3,333 |
| Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | ||||
| Amortisation | 0 | 0 | ||||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 621,559 | -9,839 | 42,515 | 86,527 | 48,063 | 39,398 |
| Creditors | 114,813 | -12,238 | -33,452 | 18,062 | 25,533 | 34,865 |
| Accruals and Deferred Income | 240 | 0 | 0 | -1,200 | 1,200 | 1,200 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
able financial ltd Credit Report and Business Information
Able Financial Ltd Competitor Analysis
Perform a competitor analysis for able financial ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in SP3 area or any other competitors across 12 key performance metrics.
able financial ltd Ownership
ABLE FINANCIAL LTD group structure
Able Financial Ltd has no subsidiary companies.
Ultimate parent company
ABLE FINANCIAL LTD
10113758
able financial ltd directors
Able Financial Ltd currently has 1 director, Mr Andrew Rostron serving since Apr 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Rostron | 60 years | Apr 2016 | - | Director |
P&L
April 2022turnover
1.4m
+210%
operating profit
631.3k
0%
gross margin
25.5%
-1.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2022net assets
690.2k
+2.86%
total assets
839.2k
+2.94%
cash
0
0%
net assets
Total assets minus all liabilities
able financial ltd company details
company number
10113758
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
April 2016
age
8
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2022
previous names
N/A
accountant
-
auditor
-
address
units 1 to 3 hilltop business pa, devizes road, salisbury, wiltshire, SP3 4UF
Bank
-
Legal Advisor
-
able financial ltd 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 able financial ltd.
able financial ltd 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 ABLE FINANCIAL LTD. This can take several minutes, an email will notify you when this has completed.
able financial ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
