future asset finance ltd
future asset finance ltd Company Information
Company Number
10485254
Next Accounts
Mar 2025
Shareholders
matthew james watts
shantelle louise watts
Group Structure
View All
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Registered Address
79 wingletye lane, hornchurch, essex, RM11 3AT
Website
www.aboutfuturefinance.comfuture asset finance ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE ASSET FINANCE LTD at £84.7k based on a Turnover of £104.4k and 0.81x industry multiple (adjusted for size and gross margin).
future asset finance ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE ASSET FINANCE LTD at £2.3k based on an EBITDA of £804 and a 2.8x industry multiple (adjusted for size and gross margin).
future asset finance ltd Estimated Valuation
Pomanda estimates the enterprise value of FUTURE ASSET FINANCE LTD at £850 based on Net Assets of £652 and 1.31x industry multiple (adjusted for liquidity).
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Future Asset Finance Ltd Overview
Future Asset Finance Ltd is a dissolved company that was located in essex, RM11 3AT with a Companies House number of 10485254. It operated in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in November 2016, it's largest shareholder was matthew james watts with a 85% stake. The last turnover for Future Asset Finance Ltd was estimated at £104.4k.
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Future Asset Finance Ltd Health Check
Pomanda's financial health check has awarded Future Asset Finance Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £104.4k, make it smaller than the average company (£4.2m)
- Future Asset Finance Ltd
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a faster rate (1.9%)
- Future Asset Finance Ltd
1.9% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (59.4%)
- Future Asset Finance Ltd
59.4% - Industry AVG
Profitability
an operating margin of 0.8% make it less profitable than the average company (11.7%)
- Future Asset Finance Ltd
11.7% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Future Asset Finance Ltd
12 - Industry AVG
Pay Structure
on an average salary of £74k, the company has an equivalent pay structure (£74k)
- Future Asset Finance Ltd
£74k - Industry AVG
Efficiency
resulting in sales per employee of £52.2k, this is less efficient (£210k)
- Future Asset Finance Ltd
£210k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is earlier than average (35 days)
- Future Asset Finance Ltd
35 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (46 days)
- Future Asset Finance Ltd
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Future Asset Finance Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Future Asset Finance Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.7%, this is a higher level of debt than the average (68.1%)
91.7% - Future Asset Finance Ltd
68.1% - Industry AVG
FUTURE ASSET FINANCE LTD financials
Future Asset Finance Ltd's latest turnover from January 2022 is estimated at £104.4 thousand and the company has net assets of £652. According to their latest financial statements, Future Asset Finance Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2022 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 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 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2022 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Tangible Assets | 633 | 844 | 1,125 | 1,500 | |
| Intangible Assets | |||||
| Investments & Other | |||||
| Debtors (Due After 1 year) | |||||
| Total Fixed Assets | 633 | 844 | 1,125 | 1,500 | |
| Stock & work in progress | |||||
| Trade Debtors | 7,886 | 6,786 | 3,340 | 12,184 | 12,214 |
| Group Debtors | |||||
| Misc Debtors | |||||
| Cash | |||||
| misc current assets | |||||
| total current assets | 7,886 | 6,786 | 3,340 | 12,184 | 12,214 |
| total assets | 7,886 | 7,419 | 4,184 | 13,309 | 13,714 |
| Bank overdraft | |||||
| Bank loan | |||||
| Trade Creditors | 4,678 | 5,271 | 2,236 | 7,060 | 12,228 |
| Group/Directors Accounts | |||||
| other short term finances | |||||
| hp & lease commitments | |||||
| other current liabilities | |||||
| total current liabilities | 4,678 | 5,271 | 2,236 | 7,060 | 12,228 |
| loans | |||||
| hp & lease commitments | |||||
| Accruals and Deferred Income | 2,556 | 1,482 | 1,410 | 1,200 | 1,200 |
| other liabilities | |||||
| provisions | |||||
| total long term liabilities | 2,556 | 1,482 | 1,410 | 1,200 | 1,200 |
| total liabilities | 7,234 | 6,753 | 3,646 | 8,260 | 13,428 |
| net assets | 652 | 666 | 538 | 5,049 | 286 |
| total shareholders funds | 652 | 666 | 538 | 5,049 | 286 |
| Jan 2022 | Nov 2020 | Nov 2019 | Nov 2018 | Nov 2017 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | |||||
| Amortisation | |||||
| Tax | |||||
| Stock | |||||
| Debtors | 7,886 | 3,446 | -8,844 | -30 | 12,214 |
| Creditors | 4,678 | 3,035 | -4,824 | -5,168 | 12,228 |
| Accruals and Deferred Income | 2,556 | 72 | 210 | 1,200 | |
| Deferred Taxes & Provisions | |||||
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | |||||
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | |||||
| Group/Directors Accounts | |||||
| Other Short Term Loans | |||||
| Long term loans | |||||
| Hire Purchase and Lease Commitments | |||||
| other long term liabilities | |||||
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | |||||
| overdraft | |||||
| change in cash |
future asset finance ltd Credit Report and Business Information
Future Asset Finance Ltd Competitor Analysis
Perform a competitor analysis for future asset finance ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in RM11 area or any other competitors across 12 key performance metrics.
future asset finance ltd Ownership
FUTURE ASSET FINANCE LTD group structure
Future Asset Finance Ltd has no subsidiary companies.
Ultimate parent company
FUTURE ASSET FINANCE LTD
10485254
future asset finance ltd directors
Future Asset Finance Ltd currently has 2 directors. The longest serving directors include Mr Matthew Watts (Nov 2016) and Mrs Shantelle Watts (Nov 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Watts | United Kingdom | 40 years | Nov 2016 | - | Director |
| Mrs Shantelle Watts | United Kingdom | 39 years | Nov 2016 | - | Director |
P&L
January 2022turnover
104.4k
0%
operating profit
804.9
0%
gross margin
17%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2022net assets
652
0%
total assets
7.9k
0%
cash
0
0%
net assets
Total assets minus all liabilities
future asset finance ltd company details
company number
10485254
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
November 2016
age
9
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2022
previous names
N/A
accountant
S J WALKER & CO
auditor
-
address
79 wingletye lane, hornchurch, essex, RM11 3AT
Bank
-
Legal Advisor
-
future asset finance 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 future asset finance ltd.
future asset finance 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 FUTURE ASSET FINANCE LTD. This can take several minutes, an email will notify you when this has completed.
future asset finance ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
