etika finance uk loans spv one limited
etika finance uk loans spv one limited Company Information
Company Number
10743074
Website
https://www.paybreak.comRegistered Address
colony suite 2.01, colony, one silk street, ancoats, manchester, M4 6AG
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
paybreak limited 100%
etika finance uk loans spv one limited Estimated Valuation
Pomanda estimates the enterprise value of ETIKA FINANCE UK LOANS SPV ONE LIMITED at £341.5m based on a Turnover of £118m and 2.9x industry multiple (adjusted for size and gross margin).
etika finance uk loans spv one limited Estimated Valuation
Pomanda estimates the enterprise value of ETIKA FINANCE UK LOANS SPV ONE LIMITED at £1.9m based on an EBITDA of £160.9k and a 11.9x industry multiple (adjusted for size and gross margin).
etika finance uk loans spv one limited Estimated Valuation
Pomanda estimates the enterprise value of ETIKA FINANCE UK LOANS SPV ONE LIMITED at £0 based on Net Assets of £-3.1m and 1.93x industry multiple (adjusted for liquidity).
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Etika Finance Uk Loans Spv One Limited Overview
Etika Finance Uk Loans Spv One Limited is a live company located in ancoats, manchester, M4 6AG with a Companies House number of 10743074. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in April 2017, it's largest shareholder is paybreak limited with a 100% stake. Etika Finance Uk Loans Spv One Limited is a young, mega sized company, Pomanda has estimated its turnover at £118m with declining growth in recent years.
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Etika Finance Uk Loans Spv One Limited Health Check
Pomanda's financial health check has awarded Etika Finance Uk Loans Spv One Limited a 2 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
2 Regular
7 Weak
Size
annual sales of £118m, make it larger than the average company (£4.6m)
- Etika Finance Uk Loans Spv One Limited
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (3.2%)
- Etika Finance Uk Loans Spv One Limited
3.2% - Industry AVG
Production
with a gross margin of 61.4%, this company has a comparable cost of product (61.4%)
- Etika Finance Uk Loans Spv One Limited
61.4% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (10.8%)
- Etika Finance Uk Loans Spv One Limited
10.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (15)
2 - Etika Finance Uk Loans Spv One Limited
15 - Industry AVG
Pay Structure
on an average salary of £79.3k, the company has an equivalent pay structure (£79.3k)
- Etika Finance Uk Loans Spv One Limited
£79.3k - Industry AVG
Efficiency
resulting in sales per employee of £59m, this is more efficient (£226.9k)
- Etika Finance Uk Loans Spv One Limited
£226.9k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (30 days)
- Etika Finance Uk Loans Spv One Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (37 days)
- Etika Finance Uk Loans Spv One Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Etika Finance Uk Loans Spv One Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (39 weeks)
0 weeks - Etika Finance Uk Loans Spv One Limited
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 112.3%, this is a higher level of debt than the average (58.9%)
112.3% - Etika Finance Uk Loans Spv One Limited
58.9% - Industry AVG
ETIKA FINANCE UK LOANS SPV ONE LIMITED financials
Etika Finance Uk Loans Spv One Limited's latest turnover from December 2022 is estimated at £118 million and the company has net assets of -£3.1 million. According to their latest financial statements, Etika Finance Uk Loans Spv One Limited has 2 employees and maintains cash reserves of £127.5 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 | |
|---|---|---|---|---|---|---|
| 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
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 25,004,717 | 4,131,525 | 11,744,731 | 31,944,140 | 38,352,468 | 20,903,913 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 43,235 |
| Misc Debtors | 171,831 | 112,729 | 197,428 | 228,571 | 757,929 | 59,440 |
| Cash | 127,540 | 475,020 | 420,237 | 955,594 | 1,155,995 | 1,169,872 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 25,304,088 | 4,719,274 | 12,362,396 | 33,128,305 | 40,266,392 | 22,176,460 |
| total assets | 25,304,088 | 4,719,274 | 12,362,396 | 33,128,305 | 40,266,392 | 22,176,460 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 1,845,979 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,452 | 20,856 | 58,533 | 196,469 | 203,530 | 83,184 |
| Group/Directors Accounts | 9,662,457 | 4,664,400 | 10,974,815 | 28,826,278 | 12,571,222 | 5,369,739 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,892,399 | 285,273 | 1,183,346 | 3,762,593 | 5,139,166 | 2,908,193 |
| total current liabilities | 11,557,308 | 6,816,508 | 12,216,694 | 32,785,340 | 17,913,918 | 8,361,116 |
| loans | 16,807,288 | 0 | 1,687,090 | 1,606,167 | 22,520,865 | 13,921,013 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 44,629 | 293,357 | 719,335 | 828,663 | 2,903,430 | 0 |
| total long term liabilities | 16,851,917 | 293,357 | 2,406,425 | 2,434,830 | 25,424,295 | 13,921,013 |
| total liabilities | 28,409,225 | 7,109,865 | 14,623,119 | 35,220,170 | 43,338,213 | 22,282,129 |
| net assets | -3,105,137 | -2,390,591 | -2,260,723 | -2,091,865 | -3,071,821 | -105,669 |
| total shareholders funds | -3,105,137 | -2,390,591 | -2,260,723 | -2,091,865 | -3,071,821 | -105,669 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 20,932,294 | -7,697,905 | -20,230,552 | -6,937,686 | 18,103,809 | 21,006,588 |
| Creditors | -18,404 | -37,677 | -137,936 | -7,061 | 120,346 | 83,184 |
| Accruals and Deferred Income | 1,607,126 | -898,073 | -2,579,247 | -1,376,573 | 2,230,973 | 2,908,193 |
| Deferred Taxes & Provisions | -248,728 | -425,978 | -109,328 | -2,074,767 | 2,903,430 | 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 | -1,845,979 | 1,845,979 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,998,057 | -6,310,415 | -17,851,463 | 16,255,056 | 7,201,483 | 5,369,739 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 16,807,288 | -1,687,090 | 80,923 | -20,914,698 | 8,599,852 | 13,921,013 |
| 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 | -347,480 | 54,783 | -535,357 | -200,401 | -13,877 | 1,169,872 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -347,480 | 54,783 | -535,357 | -200,401 | -13,877 | 1,169,872 |
etika finance uk loans spv one limited Credit Report and Business Information
Etika Finance Uk Loans Spv One Limited Competitor Analysis
Perform a competitor analysis for etika finance uk loans spv one limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
etika finance uk loans spv one limited Ownership
ETIKA FINANCE UK LOANS SPV ONE LIMITED group structure
Etika Finance Uk Loans Spv One Limited has no subsidiary companies.
Ultimate parent company
CONTENTIS BV
#0124851
2 parents
ETIKA FINANCE UK LOANS SPV ONE LIMITED
10743074
etika finance uk loans spv one limited directors
Etika Finance Uk Loans Spv One Limited currently has 4 directors. The longest serving directors include Mr Robert Schuijff (Mar 2020) and Mr Robert Schuijff (Mar 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Schuijff | Australia | 62 years | Mar 2020 | - | Director |
| Mr Robert Schuijff | Australia | 62 years | Mar 2020 | - | Director |
| Mr John Watherston | United Kingdom | 58 years | Dec 2023 | - | Director |
| Ms Aviva Hekscher-Hartog | England | 45 years | Dec 2023 | - | Director |
P&L
December 2022turnover
118m
+521%
operating profit
160.9k
0%
gross margin
61.5%
-0.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-3.1m
+0.3%
total assets
25.3m
+4.36%
cash
127.5k
-0.73%
net assets
Total assets minus all liabilities
Similar Companies
etika finance uk loans spv one limited company details
company number
10743074
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 2017
age
7
accounts
Small Company
ultimate parent company
previous names
paybreak limited loans spv one limited (June 2020)
incorporated
UK
address
colony suite 2.01, colony, one silk street, ancoats, manchester, M4 6AG
last accounts submitted
December 2022
etika finance uk loans spv one 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 6 charges/mortgages relating to etika finance uk loans spv one limited. Currently there are 3 open charges and 3 have been satisfied in the past.
etika finance uk loans spv one limited Companies House Filings - See Documents
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