mfn claims ltd.
mfn claims ltd. Company Information
Company Number
10865060
Next Accounts
Dec 2024
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
mfn holdings limited
Group Structure
View All
Contact
Registered Address
hive 365 astute house, wilmslow road, handforth, cheshire, SK9 3HP
Website
mfnclaims.commfn claims ltd. Estimated Valuation
Pomanda estimates the enterprise value of MFN CLAIMS LTD. at £32.1m based on a Turnover of £16.6m and 1.93x industry multiple (adjusted for size and gross margin).
mfn claims ltd. Estimated Valuation
Pomanda estimates the enterprise value of MFN CLAIMS LTD. at £4.7m based on an EBITDA of £656.3k and a 7.13x industry multiple (adjusted for size and gross margin).
mfn claims ltd. Estimated Valuation
Pomanda estimates the enterprise value of MFN CLAIMS LTD. at £683.3k based on Net Assets of £520k and 1.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mfn Claims Ltd. Overview
Mfn Claims Ltd. is a live company located in handforth, SK9 3HP with a Companies House number of 10865060. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in July 2017, it's largest shareholder is mfn holdings limited with a 100% stake. Mfn Claims Ltd. is a young, mid sized company, Pomanda has estimated its turnover at £16.6m with rapid growth in recent years.
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Mfn Claims Ltd. Health Check
Pomanda's financial health check has awarded Mfn Claims Ltd. a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
4 Weak
Size
annual sales of £16.6m, make it larger than the average company (£3.9m)
- Mfn Claims Ltd.
£3.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 204%, show it is growing at a faster rate (3.9%)
- Mfn Claims Ltd.
3.9% - Industry AVG
Production
with a gross margin of 63.5%, this company has a comparable cost of product (63.5%)
- Mfn Claims Ltd.
63.5% - Industry AVG
Profitability
an operating margin of 3.9% make it less profitable than the average company (11.1%)
- Mfn Claims Ltd.
11.1% - Industry AVG
Employees
with 12 employees, this is similar to the industry average (13)
12 - Mfn Claims Ltd.
13 - Industry AVG
Pay Structure
on an average salary of £72.5k, the company has an equivalent pay structure (£72.5k)
- Mfn Claims Ltd.
£72.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£203.2k)
- Mfn Claims Ltd.
£203.2k - Industry AVG
Debtor Days
it gets paid by customers after 72 days, this is later than average (30 days)
- Mfn Claims Ltd.
30 days - Industry AVG
Creditor Days
its suppliers are paid after 34 days, this is close to average (38 days)
- Mfn Claims Ltd.
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Mfn Claims Ltd.
- - 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 - Mfn Claims Ltd.
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85%, this is a higher level of debt than the average (57.3%)
85% - Mfn Claims Ltd.
57.3% - Industry AVG
MFN CLAIMS LTD. financials
Mfn Claims Ltd.'s latest turnover from March 2023 is estimated at £16.6 million and the company has net assets of £520 thousand. According to their latest financial statements, Mfn Claims Ltd. has 12 employees and maintains cash reserves of £2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Oct 2021 | Oct 2020 | Nov 2019 | Jul 2018 | |
|---|---|---|---|---|---|
| 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 | 12 | 14 | 3 | 3 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Oct 2021 | Oct 2020 | Nov 2019 | Jul 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 5,012 | 11,628 | 0 | 0 | 3,985,000 |
| Intangible Assets | 13,355 | 14,812 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,367 | 26,440 | 0 | 0 | 3,985,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,278,758 | 1,491,989 | 0 | 3 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 173,745 | 67,558 | 8,003 | 0 | 0 |
| Cash | 2,040 | 5,431 | 43,057 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,454,543 | 1,564,978 | 51,060 | 3 | 0 |
| total assets | 3,472,910 | 1,591,418 | 51,060 | 3 | 3,985,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 578,022 | 132,408 | 0 | 0 | 0 |
| Group/Directors Accounts | 46,260 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 207,722 | 163,107 | 201 | 0 | 0 |
| total current liabilities | 832,004 | 295,515 | 201 | 0 | 0 |
| loans | 220,767 | 171,365 | 50,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 1,900,111 | 536,157 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,120,878 | 707,522 | 50,000 | 0 | 0 |
| total liabilities | 2,952,882 | 1,003,037 | 50,201 | 0 | 0 |
| net assets | 520,028 | 588,381 | 859 | 3 | 3,985,000 |
| total shareholders funds | 520,028 | 588,381 | 859 | 3 | 3,985,000 |
| Mar 2023 | Oct 2021 | Oct 2020 | Nov 2019 | Jul 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 12,626 | 0 | 0 | 0 | |
| Amortisation | 1,457 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,452,503 | 1,551,544 | 8,000 | 3 | 0 |
| Creditors | 578,022 | 132,408 | 0 | 0 | 0 |
| Accruals and Deferred Income | 207,722 | 162,906 | 201 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 46,260 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 220,767 | 121,365 | 50,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,900,111 | 536,157 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 2,040 | -37,626 | 43,057 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 2,040 | -37,626 | 43,057 | 0 | 0 |
mfn claims ltd. Credit Report and Business Information
Mfn Claims Ltd. Competitor Analysis
Perform a competitor analysis for mfn claims ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SK9 area or any other competitors across 12 key performance metrics.
mfn claims ltd. Ownership
MFN CLAIMS LTD. group structure
Mfn Claims Ltd. has 2 subsidiary companies.
Ultimate parent company
1 parent
MFN CLAIMS LTD.
10865060
2 subsidiaries
mfn claims ltd. directors
Mfn Claims Ltd. currently has 3 directors. The longest serving directors include Mr Carl Jaffer (Nov 2019) and Mr Gary Nield (Nov 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carl Jaffer | England | 55 years | Nov 2019 | - | Director |
| Mr Gary Nield | England | 61 years | Nov 2019 | - | Director |
| Mr Ian Sellman | United Kingdom | 57 years | Nov 2019 | - | Director |
P&L
March 2023turnover
16.6m
0%
operating profit
642.2k
0%
gross margin
63.5%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
520k
0%
total assets
3.5m
0%
cash
2k
0%
net assets
Total assets minus all liabilities
mfn claims ltd. company details
company number
10865060
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
July 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
March 2023
previous names
misrepresentation fraud negligence claims limited (August 2021)
copia claim management limited (January 2019)
accountant
-
auditor
-
address
hive 365 astute house, wilmslow road, handforth, cheshire, SK9 3HP
Bank
-
Legal Advisor
-
mfn claims 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 mfn claims ltd.. Currently there are 1 open charges and 0 have been satisfied in the past.
mfn claims 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 MFN CLAIMS LTD.. This can take several minutes, an email will notify you when this has completed.
mfn claims ltd. Companies House Filings - See Documents
| date | description | view/download |
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