griffin bank ltd
griffin bank ltd Company Information
Company Number
10842931
Next Accounts
Jun 2025
Shareholders
mass mutual ventures southeast asia iii llc
eqt ventures ii investments s.a.r.l.
View AllGroup Structure
View All
Industry
Banks
Registered Address
9th floor 107 cheapside, london, EC2V 6DN
Website
griffin.shgriffin bank ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £318.1k based on a Turnover of £291.5k and 1.09x industry multiple (adjusted for size and gross margin).
griffin bank ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £0 based on an EBITDA of £-13m and a 4.58x industry multiple (adjusted for size and gross margin).
griffin bank ltd Estimated Valuation
Pomanda estimates the enterprise value of GRIFFIN BANK LTD at £38.7m based on Net Assets of £8.8m and 4.42x industry multiple (adjusted for liquidity).
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Griffin Bank Ltd Overview
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.
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Griffin Bank Ltd Health Check
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
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 (7.3%)
- Griffin Bank Ltd
7.3% - Industry AVG
Production
with a gross margin of 74.1%, this company has a comparable cost of product (74.1%)
74.1% - Griffin Bank Ltd
74.1% - Industry AVG
Profitability
an operating margin of -4506.1% make it less profitable than the average company (13.8%)
-4506.1% - Griffin Bank Ltd
13.8% - Industry AVG
Employees
with 63 employees, this is below the industry average (136)
63 - Griffin Bank Ltd
136 - 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 (£288.5k)
£4.6k - Griffin Bank Ltd
£288.5k - 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 3756 days, this is slower than average (102 days)
3756 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 (90.1%)
14.4% - Griffin Bank Ltd
90.1% - Industry AVG
GRIFFIN BANK LTD financials
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 | ||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | -12,720,692 | -5,559,401 | ||||
| Tax | ||||||
| Profit After Tax | -12,720,692 | -5,559,401 | ||||
| Dividends Paid | ||||||
| Retained Profit | -12,720,692 | -5,559,401 | ||||
| Employee Costs | 10,238,452 | 3,738,401 | ||||
| Number Of Employees | 63 | 34 | 21 | 8 | 1 | 1 |
| EBITDA* |
* 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 | ||||||
| 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 | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | ||||||
| cash flow from investments | ||||||
| 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 | ||||||
| interest | ||||||
| cash flow from financing | 11,118,615 | 11,912,774 | ||||
| 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
Griffin Bank Ltd Competitor Analysis
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 directors
Griffin Bank Ltd currently has 10 directors. The longest serving directors include Mr William Jarvis (Jun 2017) and Mr John Weguelin (Aug 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Jarvis | United Kingdom | 38 years | Jun 2017 | - | Director |
| Mr John Weguelin | 74 years | Aug 2019 | - | Director | |
| Mr Douglas MacLennan | 70 years | Jun 2020 | - | Director | |
| Ms Amy Kirk | United Kingdom | 57 years | Nov 2020 | - | Director |
| Ms Naomi Trickey | United Kingdom | 50 years | May 2021 | - | Director |
| Mr Stephen Chandler | United Kingdom | 56 years | May 2022 | - | Director |
| Mr Stephen Chandler | England | 56 years | May 2022 | - | Director |
| Ms Kirsten Ashman | United Kingdom | 41 years | Nov 2022 | - | Director |
| Mr Chad Ryan | United Kingdom | 55 years | Sep 2023 | - | Director |
| Mr Kaushik Subramanian | United Kingdom | 37 years | Mar 2024 | - | Director |
P&L
September 2023turnover
291.5k
-319%
operating profit
-13.1m
0%
gross margin
74.2%
-6.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
8.8m
-0.09%
total assets
10.2m
-0.14%
cash
8.8m
-0.2%
net assets
Total assets minus all liabilities
griffin bank ltd company details
company number
10842931
Type
Private limited with Share Capital
industry
64191 - Banks
incorporation date
June 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
griffin financial technology ltd. (April 2023)
accountant
-
auditor
DELOITTE LLP
address
9th floor 107 cheapside, london, EC2V 6DN
Bank
-
Legal Advisor
-
griffin bank 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 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.
Click to start generating capital raising & share issue transactions for GRIFFIN BANK LTD. This can take several minutes, an email will notify you when this has completed.
griffin bank ltd Companies House Filings - See Documents
| date | description | view/download |
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