trinidad mortgage securities 2018-1 plc
trinidad mortgage securities 2018-1 plc Company Information
Company Number
11273542
Next Accounts
76 days late
Industry
Activities of mortgage finance companies
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Directors
Shareholders
csc corporate services (uk) limited
Group Structure
View All
Contact
Registered Address
18a capricorn centre, cranes farm road, basildon, essex, SS14 3JJ
Website
-trinidad mortgage securities 2018-1 plc Estimated Valuation
Pomanda estimates the enterprise value of TRINIDAD MORTGAGE SECURITIES 2018-1 PLC at £3.4m based on a Turnover of £4m and 0.84x industry multiple (adjusted for size and gross margin).
trinidad mortgage securities 2018-1 plc Estimated Valuation
Pomanda estimates the enterprise value of TRINIDAD MORTGAGE SECURITIES 2018-1 PLC at £20.5k based on an EBITDA of £6k and a 3.42x industry multiple (adjusted for size and gross margin).
trinidad mortgage securities 2018-1 plc Estimated Valuation
Pomanda estimates the enterprise value of TRINIDAD MORTGAGE SECURITIES 2018-1 PLC at £80.5k based on Net Assets of £35.6k and 2.26x industry multiple (adjusted for liquidity).
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Trinidad Mortgage Securities 2018-1 Plc Overview
Trinidad Mortgage Securities 2018-1 Plc is a live company located in basildon, SS14 3JJ with a Companies House number of 11273542. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in March 2018, it's largest shareholder is csc corporate services (uk) limited with a 100% stake. Trinidad Mortgage Securities 2018-1 Plc is a young, small sized company, Pomanda has estimated its turnover at £4m with declining growth in recent years.
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Trinidad Mortgage Securities 2018-1 Plc Health Check
Pomanda's financial health check has awarded Trinidad Mortgage Securities 2018-1 Plc a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
5 Weak
Size
annual sales of £4m, make it in line with the average company (£4.2m)
£4m - Trinidad Mortgage Securities 2018-1 Plc
£4.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.5%)
-10% - Trinidad Mortgage Securities 2018-1 Plc
3.5% - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (48.4%)
12.6% - Trinidad Mortgage Securities 2018-1 Plc
48.4% - Industry AVG
Profitability
an operating margin of 0.2% make it less profitable than the average company (13.5%)
0.2% - Trinidad Mortgage Securities 2018-1 Plc
13.5% - Industry AVG
Employees
with 22 employees, this is above the industry average (12)
- Trinidad Mortgage Securities 2018-1 Plc
12 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Trinidad Mortgage Securities 2018-1 Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £180.5k, this is equally as efficient (£184.6k)
- Trinidad Mortgage Securities 2018-1 Plc
£184.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Trinidad Mortgage Securities 2018-1 Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Trinidad Mortgage Securities 2018-1 Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Trinidad Mortgage Securities 2018-1 Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is less cash available to meet short term requirements (30 weeks)
10 weeks - Trinidad Mortgage Securities 2018-1 Plc
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100%, this is a higher level of debt than the average (75.2%)
100% - Trinidad Mortgage Securities 2018-1 Plc
75.2% - Industry AVG
TRINIDAD MORTGAGE SECURITIES 2018-1 PLC financials
Trinidad Mortgage Securities 2018-1 Plc's latest turnover from March 2023 is £4 million and the company has net assets of £35.6 thousand. According to their latest financial statements, we estimate that Trinidad Mortgage Securities 2018-1 Plc has 22 employees and maintains cash reserves of £17.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Turnover | 3,971,351 | 2,183,700 | 2,939,487 | 5,489,858 | 5,628,105 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,472,388 | 1,894,510 | 2,105,012 | 4,373,945 | 3,914,124 |
| Gross Profit | 498,963 | 289,190 | 834,475 | 1,115,913 | 1,713,981 |
| Admin Expenses | 492,963 | 283,190 | 828,475 | 1,109,913 | 1,709,481 |
| Operating Profit | 6,000 | 6,000 | 6,000 | 6,000 | 4,500 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 6,000 | 6,000 | 6,000 | 6,000 | 4,500 |
| Tax | -1,140 | -1,140 | -1,140 | -1,140 | -855 |
| Profit After Tax | 4,860 | 4,860 | 4,860 | 4,860 | 3,645 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 4,860 | 4,860 | 4,860 | 4,860 | 3,645 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* | 6,000 | 6,000 | 6,000 | 6,000 | 4,500 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 82,879,723 | 106,349,513 | 137,155,534 | 205,182,231 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 82,879,723 | 106,349,513 | 137,155,534 | 205,182,231 |
| 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 | 12,501 | 4,350,677 | 7,076,347 | 12,878,585 | 14,643,436 |
| Cash | 17,338,505 | 16,695,824 | 20,150,546 | 31,265,851 | 28,590,153 |
| misc current assets | 65,766,769 | 0 | 0 | 0 | 0 |
| total current assets | 83,117,775 | 21,046,501 | 27,226,893 | 44,144,436 | 43,233,589 |
| total assets | 83,117,775 | 103,926,224 | 133,576,406 | 181,299,970 | 248,415,820 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 82,068,566 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,013,623 | 5,859,651 | 9,404,247 | 1,952,899 | 1,332,940 |
| total current liabilities | 83,082,189 | 5,859,651 | 9,404,247 | 1,952,899 | 1,332,940 |
| loans | 0 | 0 | 0 | 179,326,065 | 247,066,734 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 98,035,847 | 124,146,293 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 98,035,847 | 124,146,293 | 179,326,065 | 247,066,734 |
| total liabilities | 83,082,189 | 103,895,498 | 133,550,540 | 181,278,964 | 248,399,674 |
| net assets | 35,586 | 30,726 | 25,866 | 21,006 | 16,146 |
| total shareholders funds | 35,586 | 30,726 | 25,866 | 21,006 | 16,146 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 6,000 | 6,000 | 6,000 | 6,000 | 4,500 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,140 | -1,140 | -1,140 | -1,140 | -855 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,338,176 | -2,725,670 | -5,802,238 | -1,764,851 | 14,643,436 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -4,846,028 | -3,544,596 | 7,451,348 | 619,959 | 1,332,940 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -502,992 | -814,066 | 13,258,446 | 2,389,670 | -13,306,851 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | -82,879,723 | -23,469,790 | -30,806,021 | -68,026,697 | 205,182,231 |
| cash flow from investments | 82,879,723 | 23,469,790 | 30,806,021 | 68,026,697 | -205,182,231 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 82,068,566 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -179,326,065 | -67,740,669 | 247,066,734 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -98,035,847 | -26,110,446 | 124,146,293 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -15,967,281 | -26,110,446 | -55,179,772 | -67,740,669 | 247,079,235 |
| cash and cash equivalents | |||||
| cash | 642,681 | -3,454,722 | -11,115,305 | 2,675,698 | 28,590,153 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 642,681 | -3,454,722 | -11,115,305 | 2,675,698 | 28,590,153 |
trinidad mortgage securities 2018-1 plc Credit Report and Business Information
Trinidad Mortgage Securities 2018-1 Plc Competitor Analysis
Perform a competitor analysis for trinidad mortgage securities 2018-1 plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in SS14 area or any other competitors across 12 key performance metrics.
trinidad mortgage securities 2018-1 plc Ownership
TRINIDAD MORTGAGE SECURITIES 2018-1 PLC group structure
Trinidad Mortgage Securities 2018-1 Plc has no subsidiary companies.
Ultimate parent company
WMB HOLDINGS INC
#0141133
2 parents
TRINIDAD MORTGAGE SECURITIES 2018-1 PLC
11273542
trinidad mortgage securities 2018-1 plc directors
Trinidad Mortgage Securities 2018-1 Plc currently has 1 director, Mr John Nowacki serving since Mar 2018.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Nowacki | United Kingdom | 45 years | Mar 2018 | - | Director |
P&L
March 2023turnover
4m
+82%
operating profit
6k
0%
gross margin
12.6%
-5.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
35.6k
+0.16%
total assets
83.1m
-0.2%
cash
17.3m
+0.04%
net assets
Total assets minus all liabilities
trinidad mortgage securities 2018-1 plc company details
company number
11273542
Type
Public limited with Share Capital
industry
64922 - Activities of mortgage finance companies
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
March 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON
address
18a capricorn centre, cranes farm road, basildon, essex, SS14 3JJ
Bank
CITIBANK
Legal Advisor
-
trinidad mortgage securities 2018-1 plc 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 1 charges/mortgages relating to trinidad mortgage securities 2018-1 plc. Currently there are 0 open charges and 1 have been satisfied in the past.
trinidad mortgage securities 2018-1 plc 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.
Click to start generating capital raising & share issue transactions for TRINIDAD MORTGAGE SECURITIES 2018-1 PLC. This can take several minutes, an email will notify you when this has completed.
trinidad mortgage securities 2018-1 plc Companies House Filings - See Documents
| date | description | view/download |
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