abode financial services limited
abode financial services limited Company Information
Company Number
10955222
Website
-Registered Address
ground floor 73 liverpool road, crosby, merseyside, L23 5SE
Industry
Activities of mortgage finance companies
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
David Burns6 Years
Shareholders
david burns 100%
abode financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ABODE FINANCIAL SERVICES LIMITED at £147k based on a Turnover of £161.4k and 0.91x industry multiple (adjusted for size and gross margin).
abode financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ABODE FINANCIAL SERVICES LIMITED at £0 based on an EBITDA of £-28.7k and a 3.49x industry multiple (adjusted for size and gross margin).
abode financial services limited Estimated Valuation
Pomanda estimates the enterprise value of ABODE FINANCIAL SERVICES LIMITED at £308.2k based on Net Assets of £140.4k and 2.2x industry multiple (adjusted for liquidity).
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Abode Financial Services Limited Overview
Abode Financial Services Limited is a live company located in merseyside, L23 5SE with a Companies House number of 10955222. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in September 2017, it's largest shareholder is david burns with a 100% stake. Abode Financial Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £161.4k with declining growth in recent years.
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Abode Financial Services Limited Health Check
Pomanda's financial health check has awarded Abode Financial Services Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £161.4k, make it smaller than the average company (£4.8m)
- Abode Financial Services Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (2.7%)
- Abode Financial Services Limited
2.7% - Industry AVG
Production
with a gross margin of 7.8%, this company has a higher cost of product (29%)
- Abode Financial Services Limited
29% - Industry AVG
Profitability
an operating margin of -17.8% make it less profitable than the average company (18.5%)
- Abode Financial Services Limited
18.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Abode Financial Services Limited
14 - Industry AVG
Pay Structure
on an average salary of £58k, the company has an equivalent pay structure (£58k)
- Abode Financial Services Limited
£58k - Industry AVG
Efficiency
resulting in sales per employee of £80.7k, this is less efficient (£166.8k)
- Abode Financial Services Limited
£166.8k - Industry AVG
Debtor Days
it gets paid by customers after 396 days, this is later than average (47 days)
- Abode Financial Services Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 85 days, this is slower than average (13 days)
- Abode Financial Services Limited
13 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Abode Financial Services Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Abode Financial Services Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.9%, this is a lower level of debt than the average (93.3%)
19.9% - Abode Financial Services Limited
93.3% - Industry AVG
abode financial services limited Credit Report and Business Information
Abode Financial Services Limited Competitor Analysis
Perform a competitor analysis for abode financial services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
abode financial services limited Ownership
ABODE FINANCIAL SERVICES LIMITED group structure
Abode Financial Services Limited has no subsidiary companies.
Ultimate parent company
ABODE FINANCIAL SERVICES LIMITED
10955222
abode financial services limited directors
Abode Financial Services Limited currently has 1 director, Mr David Burns serving since Sep 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Burns | United Kingdom | 47 years | Sep 2017 | - | Director |
ABODE FINANCIAL SERVICES LIMITED financials
Abode Financial Services Limited's latest turnover from March 2023 is estimated at £161.4 thousand and the company has net assets of £140.4 thousand. According to their latest financial statements, Abode Financial Services Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 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 | 2 | 2 | 2 | 5 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 204 | 402 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 204 | 402 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 175,220 | 240,708 | 245,445 | 99,795 | 16,926 | 849 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 175,220 | 240,708 | 245,445 | 99,795 | 16,926 | 849 |
| total assets | 175,220 | 240,708 | 245,445 | 99,999 | 17,328 | 849 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 34,864 | 71,634 | 89,004 | 23,209 | 9,679 | 17,407 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 34,864 | 71,634 | 89,004 | 23,209 | 9,679 | 17,407 |
| 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 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 34,864 | 71,634 | 89,004 | 23,209 | 9,679 | 17,407 |
| net assets | 140,356 | 169,074 | 156,441 | 76,790 | 7,649 | -16,558 |
| total shareholders funds | 140,356 | 169,074 | 156,441 | 76,790 | 7,649 | -16,558 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | 0 | ||
| Amortisation | 0 | 0 | 0 | 0 | ||
| Tax | ||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -65,488 | -4,737 | 145,650 | 82,869 | 16,077 | 849 |
| Creditors | -36,770 | -17,370 | 65,795 | 13,530 | -7,728 | 17,407 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
March 2023turnover
161.4k
+32%
operating profit
-28.7k
0%
gross margin
7.8%
-36.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
140.4k
-0.17%
total assets
175.2k
-0.27%
cash
0
0%
net assets
Total assets minus all liabilities
abode financial services limited company details
company number
10955222
Type
Private limited with Share Capital
industry
64922 - Activities of mortgage finance companies
incorporation date
September 2017
age
7
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
ground floor 73 liverpool road, crosby, merseyside, L23 5SE
last accounts submitted
March 2023
abode financial services 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 abode financial services limited.
abode financial services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
