snap finance uk (group) limited
snap finance uk (group) limited Company Information
Company Number
10790251
Website
snapfinance.co.ukRegistered Address
1 vincent avenue, crownhill, milton keynes, MK8 0AB
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
36 days late
Group Structure
View All
Shareholders
snap us holdings llc 91.4%
matthew hawkins 5.7%
View Allsnap finance uk (group) limited Estimated Valuation
Pomanda estimates the enterprise value of SNAP FINANCE UK (GROUP) LIMITED at £16.4m based on a Turnover of £13.2m and 1.24x industry multiple (adjusted for size and gross margin).
snap finance uk (group) limited Estimated Valuation
Pomanda estimates the enterprise value of SNAP FINANCE UK (GROUP) LIMITED at £0 based on an EBITDA of £-2.2m and a 4.99x industry multiple (adjusted for size and gross margin).
snap finance uk (group) limited Estimated Valuation
Pomanda estimates the enterprise value of SNAP FINANCE UK (GROUP) LIMITED at £10.6m based on Net Assets of £5.8m and 1.82x industry multiple (adjusted for liquidity).
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Snap Finance Uk (group) Limited Overview
Snap Finance Uk (group) Limited is a live company located in milton keynes, MK8 0AB with a Companies House number of 10790251. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in May 2017, it's largest shareholder is snap us holdings llc with a 91.4% stake. Snap Finance Uk (group) Limited is a young, mid sized company, Pomanda has estimated its turnover at £13.2m with high growth in recent years.
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Snap Finance Uk (group) Limited Health Check
Pomanda's financial health check has awarded Snap Finance Uk (Group) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
6 Weak
Size
annual sales of £13.2m, make it larger than the average company (£10.8m)
£13.2m - Snap Finance Uk (group) Limited
£10.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8.6%)
26% - Snap Finance Uk (group) Limited
8.6% - Industry AVG
Production
with a gross margin of 57.7%, this company has a higher cost of product (76.8%)
57.7% - Snap Finance Uk (group) Limited
76.8% - Industry AVG
Profitability
an operating margin of -18.7% make it less profitable than the average company (11.2%)
-18.7% - Snap Finance Uk (group) Limited
11.2% - Industry AVG
Employees
with 104 employees, this is above the industry average (64)
104 - Snap Finance Uk (group) Limited
64 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has a lower pay structure (£81.5k)
£48.6k - Snap Finance Uk (group) Limited
£81.5k - Industry AVG
Efficiency
resulting in sales per employee of £127.3k, this is less efficient (£213.8k)
£127.3k - Snap Finance Uk (group) Limited
£213.8k - Industry AVG
Debtor Days
it gets paid by customers after 295 days, this is later than average (45 days)
295 days - Snap Finance Uk (group) Limited
45 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Snap Finance Uk (group) Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Snap Finance Uk (group) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (28 weeks)
4 weeks - Snap Finance Uk (group) Limited
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 69.9%, this is a higher level of debt than the average (58.9%)
69.9% - Snap Finance Uk (group) Limited
58.9% - Industry AVG
SNAP FINANCE UK (GROUP) LIMITED financials
Snap Finance Uk (Group) Limited's latest turnover from December 2022 is £13.2 million and the company has net assets of £5.8 million. According to their latest financial statements, Snap Finance Uk (Group) Limited has 104 employees and maintains cash reserves of £1.2 million 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 | 13,237,720 | 12,732,728 | 11,793,221 | 6,594,897 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | ||
| Cost Of Sales | 5,596,464 | 7,292,881 | 7,539,379 | 5,916,868 | ||
| Gross Profit | 7,641,256 | 5,439,847 | 4,253,842 | 678,029 | ||
| Admin Expenses | 10,113,283 | 6,482,169 | 5,390,132 | 5,527,487 | ||
| Operating Profit | -2,472,027 | -1,042,322 | -1,136,290 | -4,849,458 | ||
| Interest Payable | 195,662 | 933,892 | 942,932 | 541,746 | ||
| Interest Receivable | 0 | 0 | 0 | 0 | ||
| Pre-Tax Profit | -2,667,689 | -1,976,214 | -2,079,222 | -5,391,204 | ||
| Tax | 0 | 0 | 0 | 0 | ||
| Profit After Tax | -2,667,689 | -1,976,214 | -2,079,222 | -5,391,204 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | ||
| Retained Profit | -2,667,689 | -1,976,214 | -2,079,222 | -5,391,204 | ||
| Employee Costs | 5,051,081 | 3,940,550 | 3,183,285 | 2,720,163 | ||
| Number Of Employees | 104 | 89 | 79 | 54 | ||
| EBITDA* | -2,156,915 | -763,260 | -918,266 | -4,679,506 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 123,792 | 170,248 | 81,913 | 100,618 | 0 | 40,955 |
| Intangible Assets | 551,744 | 517,272 | 513,026 | 409,172 | 2,558,707 | 654,071 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 6,538,228 | 3,990,685 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,213,764 | 4,678,205 | 594,939 | 509,790 | 2,558,707 | 695,026 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 10,727,690 | 9,710,237 | 10,862,545 | 7,779,341 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 174,156 | 171,718 | 157,115 | 166,444 | 0 | 0 |
| Cash | 1,164,929 | 1,257,634 | 1,021,523 | 478,254 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,066,775 | 11,139,589 | 12,041,183 | 8,424,039 | 0 | 0 |
| total assets | 19,280,539 | 15,817,794 | 12,636,122 | 8,933,829 | 2,558,707 | 695,026 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 23,499 | 4,685 |
| Group/Directors Accounts | 10,495,126 | 4,355,571 | 22,800,315 | 17,241,442 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,250,729 | 2,125,767 | 1,807,676 | 1,585,034 | 0 | 0 |
| total current liabilities | 12,745,855 | 6,481,338 | 24,607,991 | 18,826,476 | 23,499 | 4,685 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 6,631,274 | 1,138,937 |
| provisions | 730,454 | 864,536 | 0 | 0 | 0 | 0 |
| total long term liabilities | 730,454 | 864,536 | 0 | 0 | 6,631,274 | 1,138,937 |
| total liabilities | 13,476,309 | 7,345,874 | 24,607,991 | 18,826,476 | 6,654,773 | 1,143,622 |
| net assets | 5,804,230 | 8,471,920 | -11,971,869 | -9,892,647 | -4,096,066 | -448,596 |
| total shareholders funds | 5,804,230 | 8,471,920 | -11,971,869 | -9,892,647 | -4,096,066 | -448,596 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -2,472,027 | -1,042,322 | -1,136,290 | -4,849,458 | ||
| Depreciation | 77,200 | 75,819 | 70,216 | 62,599 | 40,955 | 8,192 |
| Amortisation | 237,912 | 203,243 | 147,808 | 107,353 | 70,283 | 0 |
| Tax | 0 | 0 | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,567,434 | 2,852,980 | 3,073,875 | 7,945,785 | 0 | 0 |
| Creditors | 0 | 0 | 0 | -23,499 | 18,814 | 4,685 |
| Accruals and Deferred Income | 124,962 | 318,091 | 222,642 | 1,585,034 | 0 | 0 |
| Deferred Taxes & Provisions | -134,082 | 864,536 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -5,733,469 | -2,433,613 | -3,769,499 | -11,063,756 | ||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | ||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | ||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 6,139,555 | -18,444,744 | 5,558,873 | 17,241,442 | 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 | -6,631,274 | 5,492,337 | 1,138,937 |
| share issue | ||||||
| interest | -195,662 | -933,892 | -942,932 | -541,746 | ||
| cash flow from financing | 5,943,892 | 3,041,367 | 4,615,941 | 9,663,045 | ||
| cash and cash equivalents | ||||||
| cash | -92,705 | 236,111 | 543,269 | 478,254 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -92,705 | 236,111 | 543,269 | 478,254 | 0 | 0 |
snap finance uk (group) limited Credit Report and Business Information
Snap Finance Uk (group) Limited Competitor Analysis
Perform a competitor analysis for snap finance uk (group) limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in MK8 area or any other competitors across 12 key performance metrics.
snap finance uk (group) limited Ownership
SNAP FINANCE UK (GROUP) LIMITED group structure
Snap Finance Uk (Group) Limited has 1 subsidiary company.
Ultimate parent company
SNAP US HOLDINGS LLC
#0133760
1 parent
SNAP FINANCE UK (GROUP) LIMITED
10790251
1 subsidiary
snap finance uk (group) limited directors
Snap Finance Uk (Group) Limited currently has 2 directors. The longest serving directors include Mr Matthew Hawkins (May 2017) and Mr Andrew Smith (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Matthew Hawkins | England | 49 years | May 2017 | - | Director |
| Mr Andrew Smith | England | 46 years | Sep 2017 | - | Director |
P&L
December 2022turnover
13.2m
+4%
operating profit
-2.5m
+137%
gross margin
57.8%
+35.11%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.8m
-0.31%
total assets
19.3m
+0.22%
cash
1.2m
-0.07%
net assets
Total assets minus all liabilities
snap finance uk (group) limited company details
company number
10790251
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
May 2017
age
7
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2022
previous names
project phoenix (uk holdco 2) limited (October 2017)
accountant
-
auditor
WILSON WRIGHT LLP
address
1 vincent avenue, crownhill, milton keynes, MK8 0AB
Bank
-
Legal Advisor
-
snap finance uk (group) 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 snap finance uk (group) limited.
snap finance uk (group) limited Companies House Filings - See Documents
| date | description | view/download |
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