natwest trustee and depositary services limited
natwest trustee and depositary services limited Company Information
Company Number
11194605
Website
-Registered Address
250 bishopsgate, london, EC2M 4AA
Industry
Fund management activities
Telephone
02077144163
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
the royal bank of scotland international (holdings) limited 100%
natwest trustee and depositary services limited Estimated Valuation
Pomanda estimates the enterprise value of NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED at £67.8m based on a Turnover of £35.9m and 1.89x industry multiple (adjusted for size and gross margin).
natwest trustee and depositary services limited Estimated Valuation
Pomanda estimates the enterprise value of NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED at £12.5m based on an EBITDA of £1.6m and a 8.01x industry multiple (adjusted for size and gross margin).
natwest trustee and depositary services limited Estimated Valuation
Pomanda estimates the enterprise value of NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED at £185.4m based on Net Assets of £93.2m and 1.99x industry multiple (adjusted for liquidity).
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Natwest Trustee And Depositary Services Limited Overview
Natwest Trustee And Depositary Services Limited is a live company located in london, EC2M 4AA with a Companies House number of 11194605. It operates in the fund management activities sector, SIC Code 66300. Founded in February 2018, it's largest shareholder is the royal bank of scotland international (holdings) limited with a 100% stake. Natwest Trustee And Depositary Services Limited is a young, large sized company, Pomanda has estimated its turnover at £35.9m with healthy growth in recent years.
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Natwest Trustee And Depositary Services Limited Health Check
Pomanda's financial health check has awarded Natwest Trustee And Depositary Services Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
3 Weak
Size
annual sales of £35.9m, make it larger than the average company (£3.2m)
£35.9m - Natwest Trustee And Depositary Services Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.1%)
4% - Natwest Trustee And Depositary Services Limited
6.1% - Industry AVG
Production
with a gross margin of 95.2%, this company has a comparable cost of product (95.2%)
95.2% - Natwest Trustee And Depositary Services Limited
95.2% - Industry AVG
Profitability
an operating margin of 4.4% make it less profitable than the average company (9.1%)
4.4% - Natwest Trustee And Depositary Services Limited
9.1% - Industry AVG
Employees
with 182 employees, this is above the industry average (10)
182 - Natwest Trustee And Depositary Services Limited
10 - Industry AVG
Pay Structure
on an average salary of £60.2k, the company has a lower pay structure (£159.9k)
£60.2k - Natwest Trustee And Depositary Services Limited
£159.9k - Industry AVG
Efficiency
resulting in sales per employee of £197.1k, this is less efficient (£366.6k)
£197.1k - Natwest Trustee And Depositary Services Limited
£366.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Natwest Trustee And Depositary Services Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Natwest Trustee And Depositary Services Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Natwest Trustee And Depositary Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 318 weeks, this is more cash available to meet short term requirements (53 weeks)
318 weeks - Natwest Trustee And Depositary Services Limited
53 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 11%, this is a lower level of debt than the average (38.6%)
11% - Natwest Trustee And Depositary Services Limited
38.6% - Industry AVG
natwest trustee and depositary services limited Credit Report and Business Information
Natwest Trustee And Depositary Services Limited Competitor Analysis
Perform a competitor analysis for natwest trustee and depositary services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
natwest trustee and depositary services limited Ownership
NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED group structure
Natwest Trustee And Depositary Services Limited has 1 subsidiary company.
Ultimate parent company
ROYAL BANK OF SCOTLAND INTERNATIONAL
#0111606
2 parents
NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED
11194605
1 subsidiary
natwest trustee and depositary services limited directors
Natwest Trustee And Depositary Services Limited currently has 5 directors. The longest serving directors include Mr Jeffrey Scott (Oct 2018) and Mr Dominic Simpson (Dec 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeffrey Scott | England | 61 years | Oct 2018 | - | Director |
| Mr Dominic Simpson | United Kingdom | 51 years | Dec 2019 | - | Director |
| Mrs Wendy Redshaw | England | 58 years | Mar 2021 | - | Director |
| Mr Mark Crathern | United Kingdom | 51 years | Nov 2022 | - | Director |
| Mr Ian Greenstreet | 65 years | Nov 2022 | - | Director |
NATWEST TRUSTEE AND DEPOSITARY SERVICES LIMITED financials
Natwest Trustee And Depositary Services Limited's latest turnover from December 2023 is £35.9 million and the company has net assets of £93.2 million. According to their latest financial statements, Natwest Trustee And Depositary Services Limited has 182 employees and maintains cash reserves of £69.3 million 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 | 35,869,000 | 34,871,000 | 35,687,000 | 31,839,000 | 31,898,000 | 6,766,000 |
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | 13,074,000 | 11,025,000 | 2,605,000 | |||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 5,123,000 | 10,410,000 | 14,032,000 | 13,074,000 | 11,025,000 | 2,605,000 |
| Tax | -1,228,000 | -2,019,000 | -2,644,000 | -2,470,000 | -2,139,000 | -561,000 |
| Profit After Tax | 3,895,000 | 8,391,000 | 11,388,000 | 10,604,000 | 8,886,000 | 2,044,000 |
| Dividends Paid | 0 | 9,000,000 | 8,000,000 | 0 | 0 | 0 |
| Retained Profit | 3,895,000 | -609,000 | 3,388,000 | 10,604,000 | 8,886,000 | 2,044,000 |
| Employee Costs | 10,958,000 | 13,358,000 | 12,310,000 | 10,664,000 | 10,950,000 | 2,293,000 |
| Number Of Employees | 182 | 174 | 163 | 157 | 155 | 152 |
| EBITDA* | 13,074,000 | 11,025,000 | 2,605,000 |
* 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 | 29,945,000 | 24,780,000 | 14,386,000 | 5,574,000 | 0 | 0 |
| Investments & Other | 16,000 | 13,000 | 22,000 | 33,000 | 0 | 16,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 29,961,000 | 24,793,000 | 14,408,000 | 5,607,000 | 0 | 16,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 87,000 | 57,000 | 147,000 | 106,000 | 360,000 | 221,000 |
| Misc Debtors | 5,369,000 | 7,342,000 | 6,356,000 | 5,198,000 | 4,839,000 | 0 |
| Cash | 69,339,000 | 75,904,000 | 83,418,000 | 87,161,000 | 82,393,000 | 72,403,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 2,890,000 |
| total current assets | 74,795,000 | 83,303,000 | 89,921,000 | 92,465,000 | 87,592,000 | 75,514,000 |
| total assets | 104,756,000 | 108,096,000 | 104,329,000 | 98,072,000 | 87,592,000 | 75,530,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 5,950,000 | 14,384,000 | 6,826,000 | 7,050,000 | 6,517,000 | 6,093,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 5,379,000 | 4,252,000 | 7,558,000 | 4,447,000 | 5,010,000 | 2,306,000 |
| total current liabilities | 11,329,000 | 18,636,000 | 14,384,000 | 11,497,000 | 11,527,000 | 8,399,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 219,000 | 147,000 | 23,000 | 41,000 | 135,000 | 87,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 219,000 | 147,000 | 23,000 | 41,000 | 135,000 | 87,000 |
| total liabilities | 11,548,000 | 18,783,000 | 14,407,000 | 11,538,000 | 11,662,000 | 8,486,000 |
| net assets | 93,208,000 | 89,313,000 | 89,922,000 | 86,534,000 | 75,930,000 | 67,044,000 |
| total shareholders funds | 93,208,000 | 89,313,000 | 89,922,000 | 86,534,000 | 75,930,000 | 67,044,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 13,074,000 | 11,025,000 | 2,605,000 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,228,000 | -2,019,000 | -2,644,000 | -2,470,000 | -2,139,000 | -561,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,943,000 | 896,000 | 1,199,000 | 105,000 | 4,978,000 | 221,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,199,000 | -3,182,000 | 3,093,000 | -657,000 | 2,752,000 | 2,393,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 9,842,000 | 6,660,000 | 4,216,000 | |||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 3,000 | -9,000 | -11,000 | 33,000 | -16,000 | 16,000 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -8,434,000 | 7,558,000 | -224,000 | 533,000 | 424,000 | 6,093,000 |
| 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 | 0 |
| cash flow from financing | -8,434,000 | 7,558,000 | -224,000 | 533,000 | 424,000 | 71,093,000 |
| cash and cash equivalents | ||||||
| cash | -6,565,000 | -7,514,000 | -3,743,000 | 4,768,000 | 9,990,000 | 72,403,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,565,000 | -7,514,000 | -3,743,000 | 4,768,000 | 9,990,000 | 72,403,000 |
P&L
December 2023turnover
35.9m
+3%
operating profit
1.6m
0%
gross margin
95.3%
-1.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
93.2m
+0.04%
total assets
104.8m
-0.03%
cash
69.3m
-0.09%
net assets
Total assets minus all liabilities
natwest trustee and depositary services limited company details
company number
11194605
Type
Private limited with Share Capital
industry
66300 - Fund management activities
incorporation date
February 2018
age
6
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
250 bishopsgate, london, EC2M 4AA
last accounts submitted
December 2023
natwest trustee and depositary 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 found 11 charges/mortgages relating to natwest trustee and depositary services limited. Currently there are 11 open charges and 0 have been satisfied in the past.
natwest trustee and depositary services limited Companies House Filings - See Documents
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