admiral financial services limited
admiral financial services limited Company Information
Company Number
10255225
Next Accounts
Sep 2025
Shareholders
admiral group plc
Group Structure
View All
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Registered Address
ty admiral david street, cardiff, CF10 2EH
Website
www.admiral.comadmiral financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ADMIRAL FINANCIAL SERVICES LIMITED at £271.8m based on a Turnover of £92m and 2.95x industry multiple (adjusted for size and gross margin).
admiral financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ADMIRAL FINANCIAL SERVICES LIMITED at £34m based on an EBITDA of £3.2m and a 10.77x industry multiple (adjusted for size and gross margin).
admiral financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ADMIRAL FINANCIAL SERVICES LIMITED at £5.7m based on Net Assets of £3m and 1.89x industry multiple (adjusted for liquidity).
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Admiral Financial Services Limited Overview
Admiral Financial Services Limited is a live company located in cardiff, CF10 2EH with a Companies House number of 10255225. It operates in the other credit granting n.e.c. sector, SIC Code 64929. Founded in June 2016, it's largest shareholder is admiral group plc with a 100% stake. Admiral Financial Services Limited is a young, large sized company, Pomanda has estimated its turnover at £92m with rapid growth in recent years.
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Admiral Financial Services Limited Health Check
Pomanda's financial health check has awarded Admiral Financial Services Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs
3 Strong
3 Regular
3 Weak
Size
annual sales of £92m, make it larger than the average company (£4.8m)
£92m - Admiral Financial Services Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (6.6%)
36% - Admiral Financial Services Limited
6.6% - Industry AVG
Production
with a gross margin of 69.3%, this company has a comparable cost of product (63.1%)
69.3% - Admiral Financial Services Limited
63.1% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (27.5%)
2.7% - Admiral Financial Services Limited
27.5% - Industry AVG
Employees
with 240 employees, this is above the industry average (5)
240 - Admiral Financial Services Limited
5 - Industry AVG
Pay Structure
on an average salary of £76.3k, the company has an equivalent pay structure (£67.5k)
£76.3k - Admiral Financial Services Limited
£67.5k - Industry AVG
Efficiency
resulting in sales per employee of £383.3k, this is equally as efficient (£420.9k)
£383.3k - Admiral Financial Services Limited
£420.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Admiral Financial Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Admiral Financial Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Admiral Financial Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (9 weeks)
2 weeks - Admiral Financial Services Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.7%, this is a higher level of debt than the average (89.5%)
99.7% - Admiral Financial Services Limited
89.5% - Industry AVG
ADMIRAL FINANCIAL SERVICES LIMITED financials
Admiral Financial Services Limited's latest turnover from December 2023 is £92 million and the company has net assets of £3 million. According to their latest financial statements, Admiral Financial Services Limited has 240 employees and maintains cash reserves of £42.2 million 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 | |
|---|---|---|---|---|---|---|---|
| Turnover | 91,988,000 | 58,819,000 | 36,590,000 | 36,764,000 | 30,646,000 | 10,562,000 | |
| Other Income Or Grants | |||||||
| Cost Of Sales | 28,281,000 | 14,094,000 | 8,761,000 | 10,049,000 | 9,013,000 | 3,363,000 | |
| Gross Profit | 63,707,000 | 44,725,000 | 27,829,000 | 26,715,000 | 21,633,000 | 7,199,000 | |
| Admin Expenses | 36,521,000 | 43,379,000 | 31,298,000 | 14,710,000 | |||
| Operating Profit | -8,692,000 | -16,664,000 | -9,665,000 | -7,511,000 | |||
| Interest Payable | 83,000 | 3,363,000 | |||||
| Interest Receivable | 23,000 | 466,000 | |||||
| Pre-Tax Profit | 3,654,000 | -1,064,000 | -8,669,000 | -16,198,000 | -9,748,000 | -7,511,000 | |
| Tax | -276,000 | 290,000 | 1,719,000 | 3,086,000 | 1,840,000 | 1,421,000 | |
| Profit After Tax | 3,378,000 | -774,000 | -6,950,000 | -13,112,000 | -7,908,000 | -6,090,000 | |
| Dividends Paid | |||||||
| Retained Profit | 3,378,000 | -774,000 | -6,950,000 | -13,112,000 | -7,908,000 | -6,090,000 | |
| Employee Costs | 18,309,000 | 14,661,000 | 12,330,000 | 8,754,000 | 7,036,000 | 3,495,000 | |
| Number Of Employees | 240 | 208 | 179 | 140 | 132 | 90 | |
| EBITDA* | -8,015,000 | -15,793,000 | -8,485,000 | -6,757,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 379,000 | 210,000 | 209,000 | 82,000 | 3,471,000 | ||
| Intangible Assets | 5,574,000 | 1,537,000 | 230,000 | 438,000 | 1,221,000 | 1,422,000 | |
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 5,953,000 | 1,747,000 | 439,000 | 520,000 | 4,692,000 | 1,422,000 | |
| Stock & work in progress | |||||||
| Trade Debtors | 720,000 | 38,466,000 | |||||
| Group Debtors | 556,829,000 | 359,338,000 | 453,662,000 | ||||
| Misc Debtors | 10,058,000 | 5,705,000 | 6,276,000 | 6,203,000 | 5,001,000 | ||
| Cash | 42,197,000 | 33,770,000 | 29,007,000 | 38,419,000 | 29,233,000 | 9,480,000 | |
| misc current assets | 875,100,000 | 823,762,000 | 300,543,000 | ||||
| total current assets | 927,355,000 | 863,237,000 | 592,832,000 | 442,426,000 | 487,896,000 | 310,023,000 | |
| total assets | 933,308,000 | 864,984,000 | 593,271,000 | 442,946,000 | 492,588,000 | 311,445,000 | |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 309,855,000 | ||||||
| Group/Directors Accounts | 922,811,000 | 857,563,000 | 586,461,000 | 434,608,000 | 189,994,000 | ||
| other short term finances | 3,596,000 | 1,243,000 | 296,000 | ||||
| hp & lease commitments | 3,558,000 | ||||||
| other current liabilities | 7,506,000 | 7,928,000 | 6,257,000 | 1,079,000 | 294,322,000 | 7,000 | |
| total current liabilities | 930,317,000 | 865,491,000 | 592,718,000 | 439,283,000 | 489,117,000 | 310,158,000 | |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 930,317,000 | 865,491,000 | 592,718,000 | 439,283,000 | 489,117,000 | 310,158,000 | |
| net assets | 2,991,000 | -507,000 | 553,000 | 3,663,000 | 3,471,000 | 1,287,000 | |
| total shareholders funds | 2,991,000 | -507,000 | 553,000 | 3,663,000 | 3,471,000 | 1,287,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -8,692,000 | -16,664,000 | -9,665,000 | -7,511,000 | |||
| Depreciation | 167,000 | 125,000 | 80,000 | 33,000 | 176,000 | ||
| Amortisation | 476,000 | 849,000 | 597,000 | 838,000 | 1,004,000 | 754,000 | |
| Tax | -276,000 | 290,000 | 1,719,000 | 3,086,000 | 1,840,000 | 1,421,000 | |
| Stock | |||||||
| Debtors | 4,353,000 | -558,120,000 | 159,818,000 | -54,656,000 | 458,663,000 | ||
| Creditors | -309,855,000 | 309,855,000 | |||||
| Accruals and Deferred Income | -422,000 | 1,671,000 | 5,178,000 | -293,243,000 | 294,315,000 | 7,000 | |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | -160,936,000 | -251,294,000 | -480,848,000 | 304,526,000 | |||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | |||||||
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | 65,248,000 | 271,102,000 | 151,853,000 | 244,614,000 | 189,994,000 | ||
| Other Short Term Loans | -3,596,000 | 2,353,000 | 947,000 | 296,000 | |||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | -3,558,000 | 3,558,000 | |||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | 23,000 | 466,000 | -83,000 | -3,363,000 | |||
| cash flow from financing | 65,368,000 | 270,816,000 | 152,120,000 | 257,179,000 | 204,508,000 | 4,310,000 | |
| cash and cash equivalents | |||||||
| cash | 8,427,000 | 4,763,000 | -9,412,000 | 9,186,000 | 19,753,000 | 9,480,000 | |
| overdraft | |||||||
| change in cash | 8,427,000 | 4,763,000 | -9,412,000 | 9,186,000 | 19,753,000 | 9,480,000 |
admiral financial services limited Credit Report and Business Information
Admiral Financial Services Limited Competitor Analysis
Perform a competitor analysis for admiral financial services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in CF10 area or any other competitors across 12 key performance metrics.
admiral financial services limited Ownership
ADMIRAL FINANCIAL SERVICES LIMITED group structure
Admiral Financial Services Limited has no subsidiary companies.
admiral financial services limited directors
Admiral Financial Services Limited currently has 9 directors. The longest serving directors include Mr Geraint Jones (Jun 2016) and Mr Scott Cargill (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Geraint Jones | United Kingdom | 48 years | Jun 2016 | - | Director |
| Mr Scott Cargill | United Kingdom | 44 years | Jun 2016 | - | Director |
| Mr Michael Brierley | England | 66 years | Sep 2018 | - | Director |
| Kalvinder Atwal | United Kingdom | 53 years | Mar 2020 | - | Director |
| Mr Daniel Cobley | United Kingdom | 57 years | May 2020 | - | Director |
| Mr Simon Gulliford | 66 years | Jul 2020 | - | Director | |
| Mr Barnaby Brand | United Kingdom | 45 years | Nov 2021 | - | Director |
| Mrs Clodagh Gunnigle | United Kingdom | 50 years | May 2024 | - | Director |
| Mr Craig Donaldson | England | 53 years | May 2024 | - | Director |
P&L
December 2023turnover
92m
+56%
operating profit
2.5m
0%
gross margin
69.3%
-8.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3m
-6.9%
total assets
933.3m
+0.08%
cash
42.2m
+0.25%
net assets
Total assets minus all liabilities
admiral financial services limited company details
company number
10255225
Type
Private limited with Share Capital
industry
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
incorporation date
June 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
ty admiral david street, cardiff, CF10 2EH
Bank
-
Legal Advisor
-
admiral financial services 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 admiral financial services limited.
admiral financial services 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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admiral financial services limited Companies House Filings - See Documents
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