the finance formula (leicester) ltd
the finance formula (leicester) ltd Company Information
Company Number
11124887
Website
-Registered Address
12 norman court, oadby, leicester, LE2 4UD
Industry
Financial management
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Directors
Yusef Latif6 Years
Shareholders
yusef latif 100%
the finance formula (leicester) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE FINANCE FORMULA (LEICESTER) LTD at £3.1k based on a Turnover of £4.9k and 0.63x industry multiple (adjusted for size and gross margin).
the finance formula (leicester) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE FINANCE FORMULA (LEICESTER) LTD at £20.7k based on an EBITDA of £4.1k and a 5.03x industry multiple (adjusted for size and gross margin).
the finance formula (leicester) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE FINANCE FORMULA (LEICESTER) LTD at £5.8k based on Net Assets of £1.4k and 4.31x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
The Finance Formula (leicester) Ltd Overview
The Finance Formula (leicester) Ltd is a live company located in leicester, LE2 4UD with a Companies House number of 11124887. It operates in the financial management sector, SIC Code 70221. Founded in December 2017, it's largest shareholder is yusef latif with a 100% stake. The Finance Formula (leicester) Ltd is a young, micro sized company, Pomanda has estimated its turnover at £4.9k with rapid growth in recent years.
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The Finance Formula (leicester) Ltd Health Check
Pomanda's financial health check has awarded The Finance Formula (Leicester) Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
5 Weak
Size
annual sales of £4.9k, make it smaller than the average company (£1m)
£4.9k - The Finance Formula (leicester) Ltd
£1m - Industry AVG
Growth
3 year (CAGR) sales growth of 77%, show it is growing at a faster rate (9.4%)
- The Finance Formula (leicester) Ltd
9.4% - Industry AVG
Production
with a gross margin of 35.5%, this company has a higher cost of product (80.8%)
35.5% - The Finance Formula (leicester) Ltd
80.8% - Industry AVG
Profitability
an operating margin of 84.5% make it more profitable than the average company (7.2%)
84.5% - The Finance Formula (leicester) Ltd
7.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
- The Finance Formula (leicester) Ltd
5 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- The Finance Formula (leicester) Ltd
- - Industry AVG
Efficiency
resulting in sales per employee of £4.9k, this is less efficient (£155.9k)
- The Finance Formula (leicester) Ltd
£155.9k - Industry AVG
Debtor Days
it gets paid by customers after 155 days, this is later than average (67 days)
155 days - The Finance Formula (leicester) Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 84 days, this is slower than average (50 days)
84 days - The Finance Formula (leicester) Ltd
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Finance Formula (leicester) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - The Finance Formula (leicester) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35%, this is a lower level of debt than the average (52.3%)
35% - The Finance Formula (leicester) Ltd
52.3% - Industry AVG
THE FINANCE FORMULA (LEICESTER) LTD financials
The Finance Formula (Leicester) Ltd's latest turnover from December 2023 is £4.9 thousand and the company has net assets of £1.4 thousand. According to their latest financial statements, we estimate that The Finance Formula (Leicester) Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 4,869 | 499 | 0 | 585 | 10,497 | |
| Other Income Or Grants | 0 | |||||
| Cost Of Sales | 0 | |||||
| Gross Profit | 0 | |||||
| Admin Expenses | -2 | |||||
| Operating Profit | 2 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | |
| Pre-Tax Profit | 3,823 | 27 | 2 | 227 | 8,447 | |
| Tax | -736 | -5 | 0 | -43 | -1,605 | |
| Profit After Tax | 3,087 | 22 | 2 | 184 | 6,842 | |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | |
| Retained Profit | 3,087 | 22 | 2 | 184 | 6,842 | |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | |
| Number Of Employees | ||||||
| EBITDA* | 2 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 2,077 | 163 | 135 | 505 | 571 | 3,949 |
| 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 | 2,077 | 163 | 135 | 505 | 571 | 3,949 |
| total assets | 2,077 | 163 | 135 | 505 | 571 | 3,949 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 727 | 0 | 46 | 413 | 43 | 1,605 |
| 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 | 727 | 0 | 46 | 413 | 43 | 1,605 |
| 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 | 727 | 0 | 46 | 413 | 43 | 1,605 |
| net assets | 1,350 | 163 | 89 | 92 | 528 | 2,344 |
| total shareholders funds | 1,350 | 163 | 89 | 92 | 528 | 2,344 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 2 | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -736 | -5 | 0 | -43 | -1,605 | |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,914 | 28 | -370 | -66 | -3,378 | 3,949 |
| Creditors | 727 | -46 | -367 | 370 | -1,562 | 1,605 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5 | |||||
| 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 | 0 | 0 | 0 | 0 | 0 | |
| cash flow from financing | -1,900 | 52 | -5 | -2,000 | -4,498 | |
| 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 |
the finance formula (leicester) ltd Credit Report and Business Information
The Finance Formula (leicester) Ltd Competitor Analysis
Perform a competitor analysis for the finance formula (leicester) ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in LE2 area or any other competitors across 12 key performance metrics.
the finance formula (leicester) ltd Ownership
THE FINANCE FORMULA (LEICESTER) LTD group structure
The Finance Formula (Leicester) Ltd has no subsidiary companies.
Ultimate parent company
THE FINANCE FORMULA (LEICESTER) LTD
11124887
the finance formula (leicester) ltd directors
The Finance Formula (Leicester) Ltd currently has 1 director, Mr Yusef Latif serving since Dec 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Yusef Latif | England | 36 years | Dec 2017 | - | Director |
P&L
December 2023turnover
4.9k
+876%
operating profit
4.1k
0%
gross margin
35.6%
+0.89%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4k
+7.28%
total assets
2.1k
+11.74%
cash
0
0%
net assets
Total assets minus all liabilities
the finance formula (leicester) ltd company details
company number
11124887
Type
Private limited with Share Capital
industry
70221 - Financial management
incorporation date
December 2017
age
7
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
last accounts submitted
December 2023
address
12 norman court, oadby, leicester, LE2 4UD
accountant
-
auditor
-
the finance formula (leicester) 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 did not find charges/mortgages relating to the finance formula (leicester) ltd.
the finance formula (leicester) ltd Companies House Filings - See Documents
| date | description | view/download |
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