worldremit holding limited
worldremit holding limited Company Information
Company Number
12279501
Website
-Registered Address
51 eastcheap, london, EC3M 1DT
Industry
Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
worldremit finance limited 100%
worldremit holding limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDREMIT HOLDING LIMITED at £0 based on a Turnover of £0 and 1.24x industry multiple (adjusted for size and gross margin).
worldremit holding limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDREMIT HOLDING LIMITED at £0 based on an EBITDA of £0 and a 5.14x industry multiple (adjusted for size and gross margin).
worldremit holding limited Estimated Valuation
Pomanda estimates the enterprise value of WORLDREMIT HOLDING LIMITED at £406.9m based on Net Assets of £213.2m and 1.91x industry multiple (adjusted for liquidity).
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Worldremit Holding Limited Overview
Worldremit Holding Limited is a live company located in london, EC3M 1DT with a Companies House number of 12279501. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in October 2019, it's largest shareholder is worldremit finance limited with a 100% stake. Worldremit Holding Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Worldremit Holding Limited Health Check
Pomanda's financial health check has awarded Worldremit Holding Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 1 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Production
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (15)
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- - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 54.6%, this is a similar level of debt than the average (58.9%)
- - Worldremit Holding Limited
- - Industry AVG
worldremit holding limited Credit Report and Business Information
Worldremit Holding Limited Competitor Analysis
Perform a competitor analysis for worldremit holding limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
worldremit holding limited Ownership
WORLDREMIT HOLDING LIMITED group structure
Worldremit Holding Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
WORLDREMIT HOLDING LIMITED
12279501
2 subsidiaries
worldremit holding limited directors
Worldremit Holding Limited currently has 3 directors. The longest serving directors include Mr Andras Mecser (Oct 2019) and Mr Breon Corcoran (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andras Mecser | 44 years | Oct 2019 | - | Director | |
| Mr Breon Corcoran | 52 years | Sep 2020 | - | Director | |
| Mr Mark Lenhard | England | 46 years | Dec 2022 | - | Director |
WORLDREMIT HOLDING LIMITED financials
Worldremit Holding Limited's latest turnover from December 2022 is 0 and the company has net assets of £213.2 million. According to their latest financial statements, we estimate that Worldremit Holding Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Turnover | 0 | 0 | 0 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 0 | 0 | 0 |
| Gross Profit | 0 | 0 | 0 |
| Admin Expenses | 0 | 0 | -4,200,000 |
| Operating Profit | 0 | 0 | 4,200,000 |
| Interest Payable | 14,026,793 | 9,430,921 | 1,400,000 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -14,026,793 | -9,430,921 | 2,800,000 |
| Tax | 0 | 0 | 0 |
| Profit After Tax | -14,026,793 | -9,430,921 | 2,800,000 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -14,026,793 | -9,430,921 | 2,800,000 |
| Employee Costs | 0 | 0 | |
| Number Of Employees | |||
| EBITDA* | 0 | 0 | 4,200,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 469,897,557 | 480,654,522 | 146,000,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 469,897,557 | 480,654,522 | 146,000,000 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 0 | 0 | 0 |
| total assets | 469,897,557 | 480,654,522 | 146,000,000 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 0 | 0 | 0 |
| loans | 256,658,786 | 248,186,361 | 43,900,000 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 256,658,786 | 248,186,361 | 43,900,000 |
| total liabilities | 256,658,786 | 248,186,361 | 43,900,000 |
| net assets | 213,238,771 | 232,468,161 | 102,100,000 |
| total shareholders funds | 213,238,771 | 232,468,161 | 102,700,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | 0 | 0 | 4,200,000 |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 |
| Debtors | 0 | 0 | 0 |
| Creditors | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | 0 | 0 | 4,200,000 |
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | -10,756,965 | 334,654,522 | 146,000,000 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 8,472,425 | 204,286,361 | 43,900,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | -14,026,793 | -9,430,921 | -1,400,000 |
| cash flow from financing | -10,756,965 | 334,054,522 | 142,400,000 |
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
P&L
December 2022turnover
0
0%
operating profit
0
0%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
213.2m
-0.08%
total assets
469.9m
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
worldremit holding limited company details
company number
12279501
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
October 2019
age
5
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
51 eastcheap, london, EC3M 1DT
last accounts submitted
December 2022
worldremit holding 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 7 charges/mortgages relating to worldremit holding limited. Currently there are 5 open charges and 2 have been satisfied in the past.
worldremit holding limited Companies House Filings - See Documents
| date | description | view/download |
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