asset exchange holdings limited
asset exchange holdings limited Company Information
Company Number
10517675
Next Accounts
110 days late
Industry
Activities of financial services holding companies
Shareholders
il2 (2018) sarl
industrial lending 1 sa
View AllGroup Structure
View All
Contact
Registered Address
77 wollaston way, burnt mills industrial estate, basildon, SS13 1DJ
Website
thecarloancentre.co.ukasset exchange holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ASSET EXCHANGE HOLDINGS LIMITED at £15.4m based on a Turnover of £15m and 1.03x industry multiple (adjusted for size and gross margin).
asset exchange holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ASSET EXCHANGE HOLDINGS LIMITED at £0 based on an EBITDA of £-132.5k and a 3.74x industry multiple (adjusted for size and gross margin).
asset exchange holdings limited Estimated Valuation
Pomanda estimates the enterprise value of ASSET EXCHANGE HOLDINGS LIMITED at £428.8k based on Net Assets of £238.2k and 1.8x industry multiple (adjusted for liquidity).
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Asset Exchange Holdings Limited Overview
Asset Exchange Holdings Limited is a live company located in basildon, SS13 1DJ with a Companies House number of 10517675. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in December 2016, it's largest shareholder is il2 (2018) sarl with a 84.1% stake. Asset Exchange Holdings Limited is a young, mid sized company, Pomanda has estimated its turnover at £15m with healthy growth in recent years.
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Asset Exchange Holdings Limited Health Check
Pomanda's financial health check has awarded Asset Exchange Holdings Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £15m, make it larger than the average company (£10.8m)
£15m - Asset Exchange Holdings Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (8.6%)
7% - Asset Exchange Holdings Limited
8.6% - Industry AVG
Production
with a gross margin of 23.6%, this company has a higher cost of product (78.8%)
23.6% - Asset Exchange Holdings Limited
78.8% - Industry AVG
Profitability
an operating margin of -2.6% make it less profitable than the average company (12.2%)
-2.6% - Asset Exchange Holdings Limited
12.2% - Industry AVG
Employees
with 65 employees, this is similar to the industry average (63)
65 - Asset Exchange Holdings Limited
63 - Industry AVG
Pay Structure
on an average salary of £37.8k, the company has a lower pay structure (£82.8k)
£37.8k - Asset Exchange Holdings Limited
£82.8k - Industry AVG
Efficiency
resulting in sales per employee of £230.4k, this is equally as efficient (£211.9k)
£230.4k - Asset Exchange Holdings Limited
£211.9k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (44 days)
73 days - Asset Exchange Holdings Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 22 days, this is quicker than average (51 days)
22 days - Asset Exchange Holdings Limited
51 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is in line with average (25 days)
25 days - Asset Exchange Holdings Limited
25 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (29 weeks)
1 weeks - Asset Exchange Holdings Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.8%, this is a higher level of debt than the average (57.9%)
98.8% - Asset Exchange Holdings Limited
57.9% - Industry AVG
ASSET EXCHANGE HOLDINGS LIMITED financials
Asset Exchange Holdings Limited's latest turnover from December 2022 is £15 million and the company has net assets of £238.2 thousand. According to their latest financial statements, Asset Exchange Holdings Limited has 65 employees and maintains cash reserves of £148.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 14,974,157 | 13,488,898 | 12,100,397 | 12,211,931 | 4,547,630 | 5,358,832 | 5,586,305 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 11,438,295 | 10,659,844 | 10,625,483 | 9,142,826 | 4,041,461 | 3,987,047 | 3,639,016 |
| Gross Profit | 3,535,862 | 2,829,054 | 1,474,914 | 3,069,105 | 506,169 | 1,371,785 | 1,947,289 |
| Admin Expenses | 3,923,802 | 3,926,266 | 4,105,204 | 3,529,302 | 2,421,908 | 2,652,541 | 2,687,437 |
| Operating Profit | -387,940 | -1,097,212 | -2,630,290 | -460,197 | -1,915,739 | -1,280,756 | -740,148 |
| Interest Payable | 1,085,011 | 2,848,213 | 2,626,762 | 1,970,199 | 1,370,156 | 1,100,005 | 654,455 |
| Interest Receivable | 0 | 0 | 0 | 150,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,472,951 | -3,945,425 | -5,257,052 | -2,280,396 | -3,285,895 | -2,380,761 | -1,394,603 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,472,951 | -3,945,425 | -5,257,052 | -2,280,396 | -3,285,895 | -2,380,761 | -1,394,603 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,472,951 | -3,945,425 | -5,257,052 | -2,280,396 | -3,285,895 | -2,380,761 | -1,394,603 |
| Employee Costs | 2,458,670 | 2,117,163 | 2,432,977 | 1,851,582 | |||
| Number Of Employees | 65 | 49 | 49 | 31 | 34 | 32 | |
| EBITDA* | -132,467 | -879,257 | -2,450,895 | -309,520 | -1,696,292 | -1,055,229 | -639,070 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 270,895 | 358,388 | 428,116 | 385,259 | 144,501 | 363,554 | 555,305 |
| Intangible Assets | 2,424,907 | 1,632,678 | 809,185 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 11,606,537 | 10,315,198 | 9,411,577 | 8,093,003 | 2,504,979 | 3,858,702 | 3,326,195 |
| Total Fixed Assets | 14,302,339 | 12,306,264 | 10,648,878 | 8,478,262 | 2,649,480 | 4,222,256 | 3,881,500 |
| Stock & work in progress | 801,971 | 782,277 | 265,491 | 705,701 | 566,286 | 439,894 | 518,253 |
| Trade Debtors | 3,008,523 | 2,656,975 | 2,236,248 | 2,239,540 | 1,658,469 | 1,616,889 | 1,509,919 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,371,192 | 1,089,759 | 756,060 | 701,507 | 137,242 | 134,955 | 105,377 |
| Cash | 148,655 | 368,410 | 621,195 | 1,863,520 | 146,060 | 286,656 | 108,073 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,330,341 | 4,897,421 | 3,878,994 | 5,510,268 | 2,508,057 | 2,478,394 | 2,241,622 |
| total assets | 19,632,680 | 17,203,685 | 14,527,872 | 13,988,530 | 5,157,537 | 6,700,650 | 6,123,122 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 709,831 | 438,181 | 446,064 | 342,170 | 118,023 | 255,686 | 387,081 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 4,237,152 | 3,292,742 | 1,303,022 | 287,929 | 1,496,572 | 2,480,343 | 5,522,680 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 509,281 | 1,130,623 | 1,740,076 | 986,467 | 701,016 | 821,548 | 716,080 |
| total current liabilities | 5,456,264 | 4,861,546 | 3,489,162 | 1,616,566 | 2,315,611 | 3,557,577 | 6,625,841 |
| loans | 13,938,201 | 10,630,973 | 25,082,126 | 21,158,328 | 9,348,273 | 6,363,469 | 336,916 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 13,938,201 | 10,630,973 | 25,082,126 | 21,158,328 | 9,348,273 | 6,363,469 | 336,916 |
| total liabilities | 19,394,465 | 15,492,519 | 28,571,288 | 22,774,894 | 11,663,884 | 9,921,046 | 6,962,757 |
| net assets | 238,215 | 1,711,166 | -14,043,416 | -8,786,364 | -6,506,347 | -3,220,396 | -839,635 |
| total shareholders funds | 238,215 | 1,711,166 | -14,043,416 | -8,786,364 | -6,506,347 | -3,220,396 | -839,635 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -387,940 | -1,097,212 | -2,630,290 | -460,197 | -1,915,739 | -1,280,756 | -740,148 |
| Depreciation | 105,290 | 134,606 | 150,787 | 150,677 | 219,447 | 225,527 | 101,078 |
| Amortisation | 150,183 | 83,349 | 28,608 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 19,694 | 516,786 | -440,210 | 139,415 | 126,392 | -78,359 | 518,253 |
| Debtors | 1,924,320 | 1,658,047 | 1,369,835 | 6,733,360 | -1,309,856 | 669,055 | 4,941,491 |
| Creditors | 271,650 | -7,883 | 103,894 | 224,147 | -137,663 | -131,395 | 387,081 |
| Accruals and Deferred Income | -621,342 | -609,453 | 753,609 | 285,451 | -120,532 | 105,468 | 716,080 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -2,426,173 | -3,671,426 | -2,523,017 | -6,672,697 | -771,023 | -1,671,852 | -4,995,653 |
| Investing Activities | |||||||
| capital expenditure | 0 | 0 | 0 | 0 | |||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | |||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 944,410 | 1,989,720 | 1,015,093 | -1,208,643 | -983,771 | -3,042,337 | 5,522,680 |
| Long term loans | 3,307,228 | -14,451,153 | 3,923,798 | 11,810,055 | 2,984,804 | 6,026,553 | 336,916 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | -1,085,011 | -2,848,213 | -2,626,762 | -1,820,199 | -1,370,156 | -1,100,005 | -654,455 |
| cash flow from financing | 3,166,627 | 4,390,361 | 2,312,129 | 8,781,592 | 630,821 | 1,884,211 | 5,760,109 |
| cash and cash equivalents | |||||||
| cash | -219,755 | -252,785 | -1,242,325 | 1,717,460 | -140,596 | 178,583 | 108,073 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -219,755 | -252,785 | -1,242,325 | 1,717,460 | -140,596 | 178,583 | 108,073 |
asset exchange holdings limited Credit Report and Business Information
Asset Exchange Holdings Limited Competitor Analysis
Perform a competitor analysis for asset exchange holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SS13 area or any other competitors across 12 key performance metrics.
asset exchange holdings limited Ownership
ASSET EXCHANGE HOLDINGS LIMITED group structure
Asset Exchange Holdings Limited has 5 subsidiary companies.
Ultimate parent company
IL2 (2018) SARL
#0152257
1 parent
ASSET EXCHANGE HOLDINGS LIMITED
10517675
5 subsidiaries
asset exchange holdings limited directors
Asset Exchange Holdings Limited currently has 4 directors. The longest serving directors include Mr Alan Tomlin (Dec 2016) and Mr David Enright (Jun 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Alan Tomlin | England | 64 years | Dec 2016 | - | Director |
| Mr David Enright | United Kingdom | 61 years | Jun 2019 | - | Director |
| Mr David Enright | 61 years | Jun 2019 | - | Director | |
| Mr Keith Barnes | 57 years | Nov 2023 | - | Director |
P&L
December 2022turnover
15m
+11%
operating profit
-387.9k
-65%
gross margin
23.7%
+12.59%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
238.2k
-0.86%
total assets
19.6m
+0.14%
cash
148.7k
-0.6%
net assets
Total assets minus all liabilities
asset exchange holdings limited company details
company number
10517675
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
December 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
CROWE UK LLP
address
77 wollaston way, burnt mills industrial estate, basildon, SS13 1DJ
Bank
-
Legal Advisor
-
asset exchange holdings 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 found 5 charges/mortgages relating to asset exchange holdings limited. Currently there are 5 open charges and 0 have been satisfied in the past.
asset exchange holdings 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.
Click to start generating capital raising & share issue transactions for ASSET EXCHANGE HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
asset exchange holdings limited Companies House Filings - See Documents
| date | description | view/download |
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