b.a.t. operating finance limited
b.a.t. operating finance limited Company Information
Company Number
11996422
Next Accounts
Sep 2025
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Shareholders
british american tobacco (2012) limited
Group Structure
View All
Contact
Registered Address
globe house 4 temple place, london, WC2R 2PG
Website
www.bat.comb.a.t. operating finance limited Estimated Valuation
Pomanda estimates the enterprise value of B.A.T. OPERATING FINANCE LIMITED at £6.8b based on a Turnover of £4.8b and 1.4x industry multiple (adjusted for size and gross margin).
b.a.t. operating finance limited Estimated Valuation
Pomanda estimates the enterprise value of B.A.T. OPERATING FINANCE LIMITED at £0 based on an EBITDA of £-117m and a 4.93x industry multiple (adjusted for size and gross margin).
b.a.t. operating finance limited Estimated Valuation
Pomanda estimates the enterprise value of B.A.T. OPERATING FINANCE LIMITED at £169.9m based on Net Assets of £132m and 1.29x industry multiple (adjusted for liquidity).
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B.a.t. Operating Finance Limited Overview
B.a.t. Operating Finance Limited is a live company located in london, WC2R 2PG with a Companies House number of 11996422. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in May 2019, it's largest shareholder is british american tobacco (2012) limited with a 100% stake. B.a.t. Operating Finance Limited is a young, mega sized company, Pomanda has estimated its turnover at £4.8b with rapid growth in recent years.
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B.a.t. Operating Finance Limited Health Check
Pomanda's financial health check has awarded B.A.T. Operating Finance Limited a 2 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 £4.8b, make it larger than the average company (£5.5m)
£4.8b - B.a.t. Operating Finance Limited
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 98%, show it is growing at a faster rate (5%)
98% - B.a.t. Operating Finance Limited
5% - Industry AVG
Production
with a gross margin of -2.4%, this company has a higher cost of product (54.2%)
-2.4% - B.a.t. Operating Finance Limited
54.2% - Industry AVG
Profitability
an operating margin of -2.4% make it less profitable than the average company (9.1%)
-2.4% - B.a.t. Operating Finance Limited
9.1% - Industry AVG
Employees
with 21491 employees, this is above the industry average (14)
- B.a.t. Operating Finance Limited
14 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- B.a.t. Operating Finance Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £224.5k, this is equally as efficient (£224.5k)
- B.a.t. Operating Finance Limited
£224.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - B.a.t. Operating Finance Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - B.a.t. Operating Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - B.a.t. Operating Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (30 weeks)
0 weeks - B.a.t. Operating Finance Limited
30 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (70.2%)
99.9% - B.a.t. Operating Finance Limited
70.2% - Industry AVG
B.A.T. OPERATING FINANCE LIMITED financials
B.A.T. Operating Finance Limited's latest turnover from December 2023 is £4.8 billion and the company has net assets of £132 million. According to their latest financial statements, we estimate that B.A.T. Operating Finance Limited has 21,491 employees and maintains cash reserves of £107 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | |
|---|---|---|---|---|---|
| Turnover | 4,824,000,000 | 1,766,000,000 | 643,000,000 | 622,000,000 | 103,000,000 |
| Other Income Or Grants | -9,000,000 | -4,000,000 | 0 | 0 | 0 |
| Cost Of Sales | 4,931,000,000 | 1,701,000,000 | 514,000,000 | 530,000,000 | 98,000,000 |
| Gross Profit | -116,000,000 | 61,000,000 | 129,000,000 | 92,000,000 | 5,000,000 |
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -113,000,000 | 42,000,000 | 124,000,000 | 89,000,000 | -8,000,000 |
| Tax | -1,000,000 | 0 | 0 | -2,000,000 | 0 |
| Profit After Tax | -114,000,000 | 42,000,000 | 124,000,000 | 87,000,000 | -8,000,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -114,000,000 | 42,000,000 | 124,000,000 | 87,000,000 | -8,000,000 |
| 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 | 20,203,000,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 20,203,000,000 |
| Debtors (Due After 1 year) | 0 | 0 | 28,725,000,000 | 23,784,000,000 | 0 |
| Total Fixed Assets | 0 | 0 | 28,725,000,000 | 23,784,000,000 | 20,203,000,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 105,615,000,000 | 93,868,000,000 | 35,796,000,000 | 28,217,000,000 | 22,460,000,000 |
| Misc Debtors | 0 | 3,000,000 | 5,000,000 | 0 | 0 |
| Cash | 107,000,000 | 7,000,000 | 55,000,000 | 97,000,000 | 1,000,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 105,722,000,000 | 93,878,000,000 | 35,856,000,000 | 28,314,000,000 | 22,461,000,000 |
| total assets | 105,722,000,000 | 93,878,000,000 | 64,581,000,000 | 52,098,000,000 | 42,664,000,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 105,588,000,000 | 93,620,000,000 | 64,375,000,000 | 52,018,000,000 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 20,214,000,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,000,000 | 12,000,000 | 2,000,000 | 0 | 22,457,000,000 |
| total current liabilities | 105,590,000,000 | 93,632,000,000 | 64,377,000,000 | 52,018,000,000 | 42,671,000,000 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 105,590,000,000 | 93,632,000,000 | 64,377,000,000 | 52,018,000,000 | 42,671,000,000 |
| net assets | 132,000,000 | 246,000,000 | 204,000,000 | 80,000,000 | -7,000,000 |
| total shareholders funds | 132,000,000 | 246,000,000 | 204,000,000 | 80,000,000 | -7,000,000 |
| 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 | -1,000,000 | 0 | 0 | -2,000,000 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | 11,744,000,000 | 29,345,000,000 | 12,525,000,000 | 29,541,000,000 | 22,460,000,000 |
| Creditors | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -10,000,000 | 10,000,000 | 2,000,000 | -22,457,000,000 | 22,457,000,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | -20,203,000,000 | 20,203,000,000 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 11,968,000,000 | 29,245,000,000 | 12,357,000,000 | 52,018,000,000 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -20,214,000,000 | 20,214,000,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | 11,968,000,000 | 29,245,000,000 | 12,357,000,000 | 31,804,000,000 | 20,215,000,000 |
| cash and cash equivalents | |||||
| cash | 100,000,000 | -48,000,000 | -42,000,000 | 96,000,000 | 1,000,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 100,000,000 | -48,000,000 | -42,000,000 | 96,000,000 | 1,000,000 |
b.a.t. operating finance limited Credit Report and Business Information
B.a.t. Operating Finance Limited Competitor Analysis
Perform a competitor analysis for b.a.t. operating finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in WC2R area or any other competitors across 12 key performance metrics.
b.a.t. operating finance limited Ownership
B.A.T. OPERATING FINANCE LIMITED group structure
B.A.T. Operating Finance Limited has no subsidiary companies.
Ultimate parent company
2 parents
B.A.T. OPERATING FINANCE LIMITED
11996422
b.a.t. operating finance limited directors
B.A.T. Operating Finance Limited currently has 10 directors. The longest serving directors include Mr Neil Wadey (May 2019) and Mr Andrew Barrett (May 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Wadey | United Kingdom | 60 years | May 2019 | - | Director |
| Mr Andrew Barrett | England | 50 years | May 2019 | - | Director |
| Mr Steven Dale | 57 years | May 2019 | - | Director | |
| Mr David Booth | United Kingdom | 50 years | May 2019 | - | Director |
| Mr David Booth | 50 years | May 2019 | - | Director | |
| Mr Neil Wadey | United Kingdom | 60 years | May 2019 | - | Director |
| Mr Paul McCrory | United Kingdom | 52 years | May 2019 | - | Director |
| Mr Pablo Sconfianza | 47 years | Nov 2021 | - | Director | |
| Mr John Fry | 45 years | Oct 2023 | - | Director | |
| Mr Craig Harris | 42 years | Mar 2024 | - | Director |
P&L
December 2023turnover
4.8b
+173%
operating profit
-117m
0%
gross margin
-2.4%
-169.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
132m
-0.46%
total assets
105.7b
+0.13%
cash
107m
+14.29%
net assets
Total assets minus all liabilities
b.a.t. operating finance limited company details
company number
11996422
Type
Private 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
May 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
KPMG LLP
address
globe house 4 temple place, london, WC2R 2PG
Bank
-
Legal Advisor
-
b.a.t. operating 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 did not find charges/mortgages relating to b.a.t. operating finance limited.
b.a.t. operating 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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b.a.t. operating finance limited Companies House Filings - See Documents
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