Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £315.3k based on a Turnover of £291.5k and 1.08x industry multiple (adjusted for size and gross margin).
griffin bank ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £0 based on an EBITDA of £-13m and a 4.79x industry multiple (adjusted for size and gross margin).
griffin bank ltdEstimated Valuation
£38m
Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £38m based on Net Assets of £8.8m and 4.34x industry multiple (adjusted for liquidity).
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Griffin Bank LtdOverview
Griffin Bank Ltd is a live company located in london, EC2V 6DN with a Companies House number of 10842931. It operates in the banks sector, SIC Code 64191. Founded in June 2017, it's largest shareholder is
mass mutual ventures southeast asia iii llc
with a 14.8% stake. Griffin Bank Ltd is a young,
micro sized company, Pomanda has estimated its turnover at
£291.5k with
declining
growth in recent years.
Pomanda's financial health check has awarded Griffin Bank Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £291.5k, make it smaller than the average company (£49.1m)
£291.5k - Griffin Bank Ltd
£49.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (7.4%)
-50% - Griffin Bank Ltd
7.4% - Industry AVG
Production
with a gross margin of 73.6%, this company has a comparable cost of product (73.6%)
73.6% - Griffin Bank Ltd
73.6% - Industry AVG
Profitability
an operating margin of -4506.1% make it less profitable than the average company (13.2%)
-4506.1% - Griffin Bank Ltd
13.2% - Industry AVG
Employees
with 63 employees, this is below the industry average (138)
63 - Griffin Bank Ltd
138 - Industry AVG
Pay Structure
on an average salary of £162.5k, the company has a higher pay structure (£95.4k)
£162.5k - Griffin Bank Ltd
£95.4k - Industry AVG
Efficiency
resulting in sales per employee of £4.6k, this is less efficient (£293k)
£4.6k - Griffin Bank Ltd
£293k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Griffin Bank Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 3678 days, this is slower than average (102 days)
3678 days - Griffin Bank Ltd
102 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Griffin Bank Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 311 weeks, this is more cash available to meet short term requirements (11 weeks)
311 weeks - Griffin Bank Ltd
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.4%, this is a lower level of debt than the average (90.2%)
14.4% - Griffin Bank Ltd
90.2% - Industry AVG
GRIFFIN BANK LTD financials
EXPORT
Griffin Bank Ltd's latest turnover from September 2023 is £291.5 thousand and the company has net assets of £8.8 million. According to their latest financial statements, Griffin Bank Ltd has 63 employees and maintains cash reserves of £8.8 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Turnover
291,456
-133,205
4,826,395
2,289,018
296,118
332,242
Other Income Or Grants
Cost Of Sales
77,024
-27,898
1,302,456
680,820
77,045
94,440
Gross Profit
214,432
-105,307
3,523,939
1,608,198
219,073
237,802
Admin Expenses
13,347,827
5,502,839
7,303,159
2,688,086
290,796
276,431
Operating Profit
-13,133,395
-5,608,146
-3,779,220
-1,079,888
-71,723
-38,629
Interest Payable
2,892
6,186
2,875
Interest Receivable
3,247
938
221
147
Pre-Tax Profit
-12,720,692
-5,559,401
-3,775,973
-1,081,842
-77,689
-41,357
Tax
Profit After Tax
-12,720,692
-5,559,401
-3,775,973
-1,081,842
-77,689
-41,357
Dividends Paid
Retained Profit
-12,720,692
-5,559,401
-3,775,973
-1,081,842
-77,689
-41,357
Employee Costs
10,238,452
3,738,401
1,839,121
712,124
83,894
84,339
Number Of Employees
63
34
21
8
1
1
EBITDA*
-13,028,491
-5,567,740
-3,752,700
-1,070,886
-71,597
-38,629
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Tangible Assets
64,083
32,315
397
Intangible Assets
12,203
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
76,286
32,315
397
Stock & work in progress
Trade Debtors
Group Debtors
Misc Debtors
32,647
21,433
17,770
3,746
Cash
8,821,458
11,048,648
4,618,956
1,875,821
108
58,765
misc current assets
1,410,256
830,174
total current assets
10,231,714
11,878,822
4,651,603
1,897,254
17,878
62,511
total assets
10,231,714
11,878,822
4,727,889
1,929,569
18,275
62,511
Bank overdraft
Bank loan
Trade Creditors
776,298
936,329
16,365
2,153
2,368
Group/Directors Accounts
1,618
other short term finances
579,173
1,356,608
3,368
1,368
hp & lease commitments
other current liabilities
115,000
122,404
3,703
4,245
2,497
total current liabilities
1,470,471
2,292,937
138,769
7,474
9,981
3,865
loans
91,459
87,104
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
91,459
87,104
total liabilities
1,470,471
2,292,937
138,769
7,474
101,440
90,969
net assets
8,761,243
9,585,885
4,589,120
1,922,095
-83,165
-28,458
total shareholders funds
8,761,243
9,585,885
4,589,120
1,922,095
-83,165
-28,458
Sep 2023
Jun 2022
Jun 2021
Jun 2020
Jun 2019
Jun 2018
Operating Activities
Operating Profit
-13,133,395
-5,608,146
-3,779,220
-1,079,888
-71,723
-38,629
Depreciation
82,107
38,720
25,370
9,002
126
Amortisation
22,797
1,686
1,150
Tax
Stock
Debtors
-32,647
11,214
3,663
14,024
3,746
Creditors
-160,031
919,964
14,212
-215
2,368
Accruals and Deferred Income
115,000
-122,404
118,701
-542
1,748
2,497
Deferred Taxes & Provisions
Cash flow from operations
-13,073,522
-4,737,533
-3,631,001
-1,075,306
-81,505
-39,878
Investing Activities
capital expenditure
-104,904
35,880
-70,491
-40,920
-523
Change in Investments
cash flow from investments
-104,904
35,880
-70,491
-40,920
-523
Financing Activities
Bank loans
Group/Directors Accounts
-1,618
1,618
Other Short Term Loans
-777,435
1,356,608
-3,368
2,000
1,368
Long term loans
-91,459
4,355
87,104
Hire Purchase and Lease Commitments
other long term liabilities
share issue
11,896,050
10,556,166
6,442,998
3,087,102
22,982
12,899
interest
3,247
-1,954
-5,965
-2,728
cash flow from financing
11,118,615
11,912,774
6,444,627
2,991,939
23,372
98,643
cash and cash equivalents
cash
-2,227,190
6,429,692
2,743,135
1,875,713
-58,657
58,765
overdraft
change in cash
-2,227,190
6,429,692
2,743,135
1,875,713
-58,657
58,765
griffin bank ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for griffin bank ltd. Get real-time insights into griffin bank ltd's credit score, group structure and payment trends.
Perform a competitor analysis for griffin bank ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in EC2V area or any other competitors across 12 key performance metrics.
griffin bank ltd Ownership
GRIFFIN BANK LTD group structure
Griffin Bank Ltd has no subsidiary companies.
Ultimate parent company
GRIFFIN BANK LTD
10842931
GRIFFIN BANK LTD Shareholders
The largest shareholders in Griffin Bank Ltd include Mass Mutual Ventures Southeast Asia Iii Llc and Eqt Ventures Ii Investments S.A.R.L..
mass mutual ventures southeast asia iii llc
14.79%
eqt ventures ii investments s.a.r.l.
13.77%
notion capital iv gp llp
10.15%
william david jarvis
8.98%
allen rohner
8.98%
paul hay forster
8.18%
breega venture ii
5.99%
nordicninja fund ii scsp
5.09%
seedcamp iv gp llp
3.48%
tribe capital fund i lp
2.49%
griffin bank ltd directors
Griffin Bank Ltd currently has 10 directors.
The longest serving directors include
Mr William Jarvis (Jun 2017) and
Mr John Weguelin (Aug 2019).
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 1 charges/mortgages relating to griffin bank ltd. Currently there are 0 open charges and 1 have been satisfied in the past.
griffin bank 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.
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griffin bank ltdCompanies House Filings - See Documents
