precise mortgage funding 2019-1b plc
precise mortgage funding 2019-1b plc Company Information
Company Number
11613167
Next Accounts
Jun 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Directors
Shareholders
precise mortgage holdings 2019-1b limited
Group Structure
View All
Contact
Registered Address
1 bartholomew lane, london, EC2N 2AX
Website
intertrustgroup.comprecise mortgage funding 2019-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2019-1B PLC at £16.8m based on a Turnover of £15.2m and 1.1x industry multiple (adjusted for size and gross margin).
precise mortgage funding 2019-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2019-1B PLC at £79.2m based on an EBITDA of £19.5m and a 4.07x industry multiple (adjusted for size and gross margin).
precise mortgage funding 2019-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2019-1B PLC at £0 based on Net Assets of £-2.7m and 1.31x industry multiple (adjusted for liquidity).
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Precise Mortgage Funding 2019-1b Plc Overview
Precise Mortgage Funding 2019-1b Plc is a live company located in london, EC2N 2AX with a Companies House number of 11613167. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2018, it's largest shareholder is precise mortgage holdings 2019-1b limited with a 100% stake. Precise Mortgage Funding 2019-1b Plc is a young, mid sized company, Pomanda has estimated its turnover at £15.2m with declining growth in recent years.
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Precise Mortgage Funding 2019-1b Plc Health Check
Pomanda's financial health check has awarded Precise Mortgage Funding 2019-1B Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
4 Weak
Size
annual sales of £15.2m, make it larger than the average company (£5.5m)
£15.2m - Precise Mortgage Funding 2019-1b Plc
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (4.9%)
-11% - Precise Mortgage Funding 2019-1b Plc
4.9% - Industry AVG
Production
with a gross margin of 12.6%, this company has a higher cost of product (54%)
12.6% - Precise Mortgage Funding 2019-1b Plc
54% - Industry AVG
Profitability
an operating margin of 128.1% make it more profitable than the average company (9.1%)
128.1% - Precise Mortgage Funding 2019-1b Plc
9.1% - Industry AVG
Employees
with 68 employees, this is above the industry average (14)
- Precise Mortgage Funding 2019-1b Plc
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Precise Mortgage Funding 2019-1b Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £223.4k, this is equally as efficient (£224.3k)
- Precise Mortgage Funding 2019-1b Plc
£224.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2019-1b Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2019-1b Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2019-1b Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (30 weeks)
1 weeks - Precise Mortgage Funding 2019-1b Plc
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 101.1%, this is a higher level of debt than the average (70.1%)
101.1% - Precise Mortgage Funding 2019-1b Plc
70.1% - Industry AVG
PRECISE MORTGAGE FUNDING 2019-1B PLC financials
Precise Mortgage Funding 2019-1B Plc's latest turnover from December 2023 is £15.2 million and the company has net assets of -£2.7 million. According to their latest financial statements, we estimate that Precise Mortgage Funding 2019-1B Plc has 68 employees and maintains cash reserves of £8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 15,191,024 | 14,505,186 | 13,700,853 | 21,572,104 | 16,690,931 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 13,277,841 | 11,647,542 | 11,371,597 | 19,729,491 | 15,554,620 |
| Gross Profit | 1,913,183 | 2,857,644 | 2,329,256 | 1,842,613 | 1,136,311 |
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -3,343,965 | -134,703 | 8,600,050 | -5,648,226 | -3,680,326 |
| Tax | -282 | -228 | -228 | -216 | -126 |
| Profit After Tax | -3,344,247 | -134,931 | 8,599,822 | -5,648,442 | -3,680,452 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -3,344,247 | -134,931 | 8,599,822 | -5,648,442 | -3,680,452 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 |
| Number Of Employees | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 202,225,187 | 400,680,833 | 539,093,187 | 657,787,908 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 202,225,187 | 400,680,833 | 539,093,187 | 657,787,908 |
| 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 | 231,509,201 | 167,520,752 | 31,566 | 34,234,235 | 47,624,625 |
| Cash | 8,046,526 | 22,412,416 | 21,560,071 | 22,449,370 | 18,756,806 |
| misc current assets | 0 | 0 | 87,474,785 | 0 | 0 |
| total current assets | 239,555,727 | 189,933,168 | 109,066,422 | 56,683,605 | 66,381,431 |
| total assets | 239,555,727 | 392,158,355 | 509,747,255 | 595,776,792 | 724,169,339 |
| 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 | 241,241,387 | 162,167,513 | 24,175,157 | 55,443,165 | 57,256,306 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,016,466 | 1,311,283 | 490,105 | 540,716 | 947,939 |
| total current liabilities | 242,257,853 | 163,478,796 | 24,665,262 | 55,983,881 | 58,204,245 |
| loans | 0 | 16,236,725 | 0 | 549,109,304 | 669,633,045 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 211,800,713 | 488,958,688 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 228,037,438 | 488,958,688 | 549,109,304 | 669,633,045 |
| total liabilities | 242,257,853 | 391,516,234 | 513,623,950 | 605,093,185 | 727,837,290 |
| net assets | -2,702,126 | 642,121 | -3,876,695 | -9,316,393 | -3,667,951 |
| total shareholders funds | -2,702,126 | 642,121 | -3,876,695 | -9,316,393 | -3,667,951 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | -282 | -228 | -228 | -216 | -126 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 63,988,449 | 167,489,186 | -34,202,669 | -13,390,390 | 47,624,625 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -294,817 | 821,178 | -50,611 | -407,223 | 947,939 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 |
| Change in Investments | -202,225,187 | -198,455,646 | -138,412,354 | -118,694,721 | 657,787,908 |
| cash flow from investments | 202,225,187 | 198,455,646 | 138,412,354 | 118,694,721 | -657,787,908 |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 79,073,874 | 137,992,356 | -31,268,008 | -1,813,141 | 57,256,306 |
| Long term loans | -16,236,725 | 16,236,725 | -549,109,304 | -120,523,741 | 669,633,045 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -211,800,713 | -277,157,975 | 488,958,688 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -148,963,564 | -118,275,147 | -94,578,748 | -122,336,882 | 726,901,852 |
| cash and cash equivalents | |||||
| cash | -14,365,890 | 852,345 | -889,299 | 3,692,564 | 18,756,806 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -14,365,890 | 852,345 | -889,299 | 3,692,564 | 18,756,806 |
precise mortgage funding 2019-1b plc Credit Report and Business Information
Precise Mortgage Funding 2019-1b Plc Competitor Analysis
Perform a competitor analysis for precise mortgage funding 2019-1b plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2N area or any other competitors across 12 key performance metrics.
precise mortgage funding 2019-1b plc Ownership
PRECISE MORTGAGE FUNDING 2019-1B PLC group structure
Precise Mortgage Funding 2019-1B Plc has no subsidiary companies.
Ultimate parent company
INTERTRUST NV
#0110105
2 parents
PRECISE MORTGAGE FUNDING 2019-1B PLC
11613167
precise mortgage funding 2019-1b plc directors
Precise Mortgage Funding 2019-1B Plc currently has 1 director, Mr Oskari Tammenmaa serving since Mar 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Oskari Tammenmaa | England | 44 years | Mar 2024 | - | Director |
P&L
December 2023turnover
15.2m
+5%
operating profit
19.5m
0%
gross margin
12.6%
-36.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.7m
-5.21%
total assets
239.6m
-0.39%
cash
8m
-0.64%
net assets
Total assets minus all liabilities
precise mortgage funding 2019-1b plc company details
company number
11613167
Type
Public limited with Share Capital
industry
64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
incorporation date
October 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
ECOVIS WINGRAVE YEATS LLP
address
1 bartholomew lane, london, EC2N 2AX
Bank
HSBC BANK PLC
Legal Advisor
-
precise mortgage funding 2019-1b 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 precise mortgage funding 2019-1b plc. Currently there are 1 open charges and 0 have been satisfied in the past.
precise mortgage funding 2019-1b 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 PRECISE MORTGAGE FUNDING 2019-1B PLC. This can take several minutes, an email will notify you when this has completed.
precise mortgage funding 2019-1b plc Companies House Filings - See Documents
| date | description | view/download |
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