international correspondence schools finance limited
international correspondence schools finance limited Company Information
Company Number
11133724
Next Accounts
Mar 2025
Shareholders
international correspondence schools holdings limited
Group Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
3rd floor ashley road, altrincham, cheshire, WA14 2DT
Website
http://primaryeurope.cominternational correspondence schools finance limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED at £0 based on a Turnover of £0 and 1.05x industry multiple (adjusted for size and gross margin).
international correspondence schools finance limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED at £0 based on an EBITDA of £-1.7m and a 4.38x industry multiple (adjusted for size and gross margin).
international correspondence schools finance limited Estimated Valuation
Pomanda estimates the enterprise value of INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED at £3.5m based on Net Assets of £2.7m and 1.31x industry multiple (adjusted for liquidity).
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International Correspondence Schools Finance Limited Overview
International Correspondence Schools Finance Limited is a dissolved company that was located in cheshire, WA14 2DT with a Companies House number of 11133724. It operated in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in January 2018, it's largest shareholder was international correspondence schools holdings limited with a 100% stake. The last turnover for International Correspondence Schools Finance Limited was estimated at £0.
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International Correspondence Schools Finance Limited Health Check
Pomanda's financial health check has awarded International Correspondence Schools Finance Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 2 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
2 Weak
Size
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- International Correspondence Schools Finance Limited
- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Employees
with 3 employees, this is below the industry average (103)
- - International Correspondence Schools Finance Limited
- - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has an equivalent pay structure (£39.8k)
- International Correspondence Schools Finance Limited
- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - International Correspondence Schools Finance Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.2%, this is a higher level of debt than the average (70.8%)
- - International Correspondence Schools Finance Limited
- - Industry AVG
INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED financials
International Correspondence Schools Finance Limited's latest turnover from December 2021 is 0 and the company has net assets of £2.7 million. According to their latest financial statements, International Correspondence Schools Finance Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | -1,662,985 | -946,078 | -574,588 | -387,025 |
| Interest Payable | 2,281,783 | 2,462,238 | 2,368,517 | 1,496,251 |
| Interest Receivable | ||||
| Pre-Tax Profit | 645,150 | 1,917,955 | 456,895 | -357,711 |
| Tax | ||||
| Profit After Tax | 645,150 | 1,917,955 | 456,895 | -357,711 |
| Dividends Paid | ||||
| Retained Profit | 645,150 | 1,917,955 | 456,895 | -357,711 |
| Employee Costs | ||||
| Number Of Employees | 3 | 3 | 3 | 3 |
| EBITDA* | -1,662,985 | -946,078 | -574,588 | -387,025 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | 39,260,054 | 35,164,054 | 30,952,863 | 30,952,863 |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 39,260,054 | 35,164,054 | 30,952,863 | 30,952,863 |
| Stock & work in progress | ||||
| Trade Debtors | ||||
| Group Debtors | 1,518 | |||
| Misc Debtors | 1,783 | 110,333 | 42,880 | 14,697 |
| Cash | ||||
| misc current assets | 7,425 | 7,425 | 7,446 | 7,425 |
| total current assets | 10,726 | 117,758 | 50,326 | 22,122 |
| total assets | 39,270,780 | 35,281,812 | 31,003,189 | 30,974,985 |
| Bank overdraft | ||||
| Bank loan | 1,875,000 | 1,726,328 | 921,500 | 492,713 |
| Trade Creditors | 1,106,892 | 25,692 | 1,416 | 1,353 |
| Group/Directors Accounts | 4,082,397 | 1,584,881 | 2,325,174 | 4,282,490 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 39,366 | 290,420 | 39,571 | 78,510 |
| total current liabilities | 7,103,655 | 3,627,321 | 3,287,661 | 4,855,066 |
| loans | 29,504,835 | 29,637,351 | 27,616,343 | 26,477,629 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 29,504,835 | 29,637,351 | 27,616,343 | 26,477,629 |
| total liabilities | 36,608,490 | 33,264,672 | 30,904,004 | 31,332,695 |
| net assets | 2,662,290 | 2,017,140 | 99,185 | -357,710 |
| total shareholders funds | 2,662,290 | 2,017,140 | 99,185 | -357,710 |
| Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -1,662,985 | -946,078 | -574,588 | -387,025 |
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | -107,032 | 67,453 | 28,183 | 14,697 |
| Creditors | 1,081,200 | 24,276 | 63 | 1,353 |
| Accruals and Deferred Income | -251,054 | 250,849 | -38,939 | 78,510 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | -725,807 | -738,406 | -641,647 | -321,859 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 4,096,000 | 4,211,191 | 30,952,863 | |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 148,672 | 804,828 | 428,787 | 492,713 |
| Group/Directors Accounts | 2,497,516 | -740,293 | -1,957,316 | 4,282,490 |
| Other Short Term Loans | ||||
| Long term loans | -132,516 | 2,021,008 | 1,138,714 | 26,477,629 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -2,281,783 | -2,462,238 | -2,368,517 | -1,496,251 |
| cash flow from financing | 231,889 | -376,695 | -2,758,332 | 29,756,582 |
| cash and cash equivalents | ||||
| cash | ||||
| overdraft | ||||
| change in cash |
international correspondence schools finance limited Credit Report and Business Information
International Correspondence Schools Finance Limited Competitor Analysis
Perform a competitor analysis for international correspondence schools finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other undefined companies, companies in WA14 area or any other competitors across 12 key performance metrics.
international correspondence schools finance limited Ownership
INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED group structure
International Correspondence Schools Finance Limited has no subsidiary companies.
Ultimate parent company
2 parents
INTERNATIONAL CORRESPONDENCE SCHOOLS FINANCE LIMITED
11133724
international correspondence schools finance limited directors
International Correspondence Schools Finance Limited currently has 2 directors. The longest serving directors include Mr Colin Kennedy (May 2018) and Mrs Alison Doyle (May 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Kennedy | Scotland | 53 years | May 2018 | - | Director |
| Mrs Alison Doyle | Scotland | 48 years | May 2018 | - | Director |
P&L
December 2021turnover
0
0%
operating profit
-1.7m
+76%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2021net assets
2.7m
+0.32%
total assets
39.3m
+0.11%
cash
0
0%
net assets
Total assets minus all liabilities
international correspondence schools finance limited company details
company number
11133724
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
January 2018
age
7
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2021
previous names
kelvin bidco limited (November 2018)
accountant
-
auditor
BDO LLP
address
3rd floor ashley road, altrincham, cheshire, WA14 2DT
Bank
-
Legal Advisor
-
international correspondence schools 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 found 14 charges/mortgages relating to international correspondence schools finance limited. Currently there are 0 open charges and 14 have been satisfied in the past.
international correspondence schools finance limited 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.
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international correspondence schools finance limited Companies House Filings - See Documents
| date | description | view/download |
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