ashman finance limited
ashman finance limited Company Information
Company Number
10907522
Website
amgroupholdings.comRegistered Address
2nd floor rutland house, 148 edmund street, birmingham, B3 2FD
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
01217980121
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
manhad narula 35.4%
asm capital limited 26.6%
View Allashman finance limited Estimated Valuation
Pomanda estimates the enterprise value of ASHMAN FINANCE LIMITED at £0 based on a Turnover of £0 and 1.27x industry multiple (adjusted for size and gross margin).
ashman finance limited Estimated Valuation
Pomanda estimates the enterprise value of ASHMAN FINANCE LIMITED at £0 based on an EBITDA of £-4.8m and a 5.21x industry multiple (adjusted for size and gross margin).
ashman finance limited Estimated Valuation
Pomanda estimates the enterprise value of ASHMAN FINANCE LIMITED at £10.8m based on Net Assets of £5.6m and 1.93x industry multiple (adjusted for liquidity).
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Ashman Finance Limited Overview
Ashman Finance Limited is a live company located in birmingham, B3 2FD with a Companies House number of 10907522. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in August 2017, it's largest shareholder is manhad narula with a 35.4% stake. Ashman Finance Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with declining growth in recent years.
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Ashman Finance Limited Health Check
Pomanda's financial health check has awarded Ashman Finance Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 2 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
3 year (CAGR) sales growth of -100%, show it is growing at a slower rate (3.2%)
- Ashman Finance Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 30 employees, this is above the industry average (15)
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- - Industry AVG
Pay Structure
on an average salary of £110k, the company has a higher pay structure (£79.3k)
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Cash Balance
has cash to cover current liabilities for 312 weeks, this is more cash available to meet short term requirements (38 weeks)
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- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.4%, this is a lower level of debt than the average (59%)
- - Ashman Finance Limited
- - Industry AVG
ASHMAN FINANCE LIMITED financials
Ashman Finance Limited's latest turnover from December 2022 is 0 and the company has net assets of £5.6 million. According to their latest financial statements, Ashman Finance Limited has 30 employees and maintains cash reserves of £3.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Turnover | 0 | ||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | -4,846,171 | ||||
| Interest Payable | 55,320 | ||||
| Interest Receivable | 0 | ||||
| Pre-Tax Profit | -4,901,491 | ||||
| Tax | 363,795 | ||||
| Profit After Tax | -4,537,696 | ||||
| Dividends Paid | 0 | ||||
| Retained Profit | -4,537,696 | ||||
| Employee Costs | 3,299,368 | ||||
| Number Of Employees | 30 | 16 | 12 | 10 | 5 |
| EBITDA* | -4,836,283 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 24,938 | 22,777 | 0 | 0 | 0 |
| Intangible Assets | 447,385 | 512,772 | 0 | 0 | 0 |
| Investments & Other | 977,746 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,450,069 | 535,549 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 899,169 | 226,433 | 49,423 | 19,000 | 0 |
| Cash | 3,881,848 | 43,306 | 9,832 | 21,352 | 16,965 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,781,017 | 269,739 | 59,255 | 40,352 | 42,119 |
| total assets | 6,231,086 | 805,288 | 59,255 | 40,352 | 42,119 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 124,217 | 580,162 | 140,512 | 61,019 | 151,748 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 522,257 | 4,643,101 | 1,452,041 | 2,795,907 | 0 |
| total current liabilities | 646,474 | 5,223,263 | 1,592,553 | 2,856,926 | 1,177,534 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 15,125 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 646,474 | 5,223,263 | 1,592,553 | 2,856,926 | 1,177,534 |
| net assets | 5,584,612 | -4,417,975 | -1,533,298 | -2,816,574 | -1,135,415 |
| total shareholders funds | 5,584,612 | -4,417,975 | -1,533,298 | -2,816,574 | -1,135,415 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | -4,846,171 | ||||
| Depreciation | 9,888 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 363,795 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 672,736 | 177,010 | 30,423 | -23,119 | 42,119 |
| Creditors | -455,945 | 439,650 | 79,493 | -90,729 | 151,748 |
| Accruals and Deferred Income | -4,120,844 | 3,191,060 | -1,343,866 | 2,780,782 | 15,125 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -9,722,013 | ||||
| Investing Activities | |||||
| capital expenditure | 0 | ||||
| Change in Investments | 977,746 | 0 | 0 | 0 | 0 |
| cash flow from investments | -977,746 | ||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | -55,320 | ||||
| cash flow from financing | 14,484,963 | ||||
| cash and cash equivalents | |||||
| cash | 3,838,542 | 33,474 | -11,520 | 4,387 | 16,965 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 3,838,542 | 33,474 | -11,520 | 4,387 | 16,965 |
ashman finance limited Credit Report and Business Information
Ashman Finance Limited Competitor Analysis
Perform a competitor analysis for ashman finance limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ashman finance limited Ownership
ASHMAN FINANCE LIMITED group structure
Ashman Finance Limited has no subsidiary companies.
Ultimate parent company
ASHMAN FINANCE LIMITED
10907522
ashman finance limited directors
Ashman Finance Limited currently has 7 directors. The longest serving directors include Manhad Narula (Aug 2017) and Mr Eric Barnett (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Manhad Narula | England | 41 years | Aug 2017 | - | Director |
| Mr Eric Barnett | England | 63 years | Jun 2022 | - | Director |
| Mr Paul Myers | United Kingdom | 60 years | Jun 2022 | - | Director |
| Mr Paul Myers | England | 60 years | Jun 2022 | - | Director |
| Mr Matthew Cowan | 50 years | Jun 2022 | - | Director | |
| Mr Alexander Shapland | 64 years | Jun 2022 | - | Director | |
| Mr James Leach | England | 45 years | Jun 2022 | - | Director |
P&L
December 2022turnover
0
0%
operating profit
-4.8m
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
5.6m
-2.26%
total assets
6.2m
+6.74%
cash
3.9m
+88.64%
net assets
Total assets minus all liabilities
ashman finance limited company details
company number
10907522
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
August 2017
age
7
accounts
Full Accounts
ultimate parent company
previous names
ashman bank limited (October 2023)
am-mn holdings limited (July 2022)
incorporated
UK
address
2nd floor rutland house, 148 edmund street, birmingham, B3 2FD
last accounts submitted
December 2022
ashman finance 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 ashman finance limited.
ashman finance limited Companies House Filings - See Documents
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