precise mortgage funding 2020-1b plc
precise mortgage funding 2020-1b plc Company Information
Company Number
12329730
Next Accounts
Jun 2025
Shareholders
precise mortgage holdings 2020-1b limited
Group Structure
View All
Industry
Activities of mortgage finance companies
+1Registered Address
10th floor 5 churchill place, london, E14 5HU
Website
-precise mortgage funding 2020-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2020-1B PLC at £17.9m based on a Turnover of £17m and 1.06x industry multiple (adjusted for size and gross margin).
precise mortgage funding 2020-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2020-1B PLC at £70.2m based on an EBITDA of £17.4m and a 4.03x industry multiple (adjusted for size and gross margin).
precise mortgage funding 2020-1b plc Estimated Valuation
Pomanda estimates the enterprise value of PRECISE MORTGAGE FUNDING 2020-1B PLC at £0 based on Net Assets of £-1.5m and 2.45x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Precise Mortgage Funding 2020-1b Plc Overview
Precise Mortgage Funding 2020-1b Plc is a live company located in london, E14 5HU with a Companies House number of 12329730. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in November 2019, it's largest shareholder is precise mortgage holdings 2020-1b limited with a 100% stake. Precise Mortgage Funding 2020-1b Plc is a young, mid sized company, Pomanda has estimated its turnover at £17m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Precise Mortgage Funding 2020-1b Plc Health Check
Pomanda's financial health check has awarded Precise Mortgage Funding 2020-1B Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
2 Weak
Size
annual sales of £17m, make it larger than the average company (£5.8m)
£17m - Precise Mortgage Funding 2020-1b Plc
£5.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (5.8%)
23% - Precise Mortgage Funding 2020-1b Plc
5.8% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (43.4%)
9% - Precise Mortgage Funding 2020-1b Plc
43.4% - Industry AVG
Profitability
an operating margin of 102.4% make it more profitable than the average company (10.4%)
102.4% - Precise Mortgage Funding 2020-1b Plc
10.4% - Industry AVG
Employees
with 77 employees, this is above the industry average (13)
- Precise Mortgage Funding 2020-1b Plc
13 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Precise Mortgage Funding 2020-1b Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £220.7k, this is equally as efficient (£222.1k)
- Precise Mortgage Funding 2020-1b Plc
£222.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2020-1b Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2020-1b Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Precise Mortgage Funding 2020-1b Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1804 weeks, this is more cash available to meet short term requirements (24 weeks)
1804 weeks - Precise Mortgage Funding 2020-1b Plc
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 100.7%, this is a higher level of debt than the average (82.2%)
100.7% - Precise Mortgage Funding 2020-1b Plc
82.2% - Industry AVG
PRECISE MORTGAGE FUNDING 2020-1B PLC financials
Precise Mortgage Funding 2020-1B Plc's latest turnover from December 2023 is £17 million and the company has net assets of -£1.5 million. According to their latest financial statements, we estimate that Precise Mortgage Funding 2020-1B Plc has 77 employees and maintains cash reserves of £19.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 16,990,849 | 8,761,153 | 6,768,109 | 9,111,717 |
| Other Income Or Grants | ||||
| Cost Of Sales | 15,455,419 | 8,766,442 | 6,449,285 | 6,757,433 |
| Gross Profit | 1,535,430 | -5,289 | 318,824 | 2,354,284 |
| Admin Expenses | -7,585,793 | |||
| Operating Profit | 7,904,617 | |||
| Interest Payable | ||||
| Interest Receivable | ||||
| Pre-Tax Profit | -9,033,899 | 4,662,049 | 7,904,617 | -5,052,462 |
| Tax | -282 | -228 | -228 | -209 |
| Profit After Tax | -9,034,181 | 4,661,821 | 7,904,389 | -5,052,671 |
| Dividends Paid | ||||
| Retained Profit | -9,034,181 | 4,661,821 | 7,904,389 | -5,052,671 |
| Employee Costs | ||||
| Number Of Employees | ||||
| EBITDA* | 7,904,617 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | 164,898,486 | 224,538,856 | 223,788,684 | 318,025,666 |
| Debtors (Due After 1 year) | 12,501 | 12,501 | 12,501 | 12,501 |
| Total Fixed Assets | 164,910,987 | 224,551,357 | 223,801,185 | 318,038,167 |
| Stock & work in progress | ||||
| Trade Debtors | ||||
| Group Debtors | ||||
| Misc Debtors | 465,957 | 45,293 | 19,223 | |
| Cash | 19,939,599 | 8,176,065 | 9,229,663 | 11,393,096 |
| misc current assets | 35,558,068 | 36,502,934 | 70,894,942 | 58,662,166 |
| total current assets | 55,963,624 | 44,724,292 | 80,143,828 | 70,055,262 |
| total assets | 220,874,611 | 269,275,649 | 303,945,013 | 388,093,429 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | ||||
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 574,659 | 534,337 | 265,583 | 330,183 |
| total current liabilities | 574,659 | 534,337 | 265,583 | 330,183 |
| loans | 221,808,094 | 261,215,273 | 300,815,211 | 392,803,416 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 221,808,094 | 261,215,273 | 300,815,211 | 392,803,416 |
| total liabilities | 222,382,753 | 261,749,610 | 301,080,794 | 393,133,599 |
| net assets | -1,508,142 | 7,526,039 | 2,864,219 | -5,040,170 |
| total shareholders funds | -1,508,142 | 7,526,039 | 2,864,219 | -5,040,170 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 7,904,617 | |||
| Depreciation | ||||
| Amortisation | ||||
| Tax | -282 | -228 | -228 | -209 |
| Stock | ||||
| Debtors | 420,664 | 26,070 | 19,223 | 12,501 |
| Creditors | ||||
| Accruals and Deferred Income | 40,322 | 268,754 | -64,600 | 330,183 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | 7,820,566 | |||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | -59,640,370 | 750,172 | -94,236,982 | 318,025,666 |
| cash flow from investments | 59,640,370 | -750,172 | 94,236,982 | -318,025,666 |
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | -39,407,179 | -39,599,938 | -91,988,205 | 392,803,416 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | -39,407,179 | -39,599,939 | -91,988,205 | 392,815,917 |
| cash and cash equivalents | ||||
| cash | 11,763,534 | -1,053,598 | -2,163,433 | 11,393,096 |
| overdraft | ||||
| change in cash | 11,763,534 | -1,053,598 | -2,163,433 | 11,393,096 |
precise mortgage funding 2020-1b plc Credit Report and Business Information
Precise Mortgage Funding 2020-1b Plc Competitor Analysis
Perform a competitor analysis for precise mortgage funding 2020-1b plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in E14 area or any other competitors across 12 key performance metrics.
precise mortgage funding 2020-1b plc Ownership
PRECISE MORTGAGE FUNDING 2020-1B PLC group structure
Precise Mortgage Funding 2020-1B Plc has no subsidiary companies.
Ultimate parent company
PRECISE MORTGAGE FUNDING 2020-1B PLC
12329730
precise mortgage funding 2020-1b plc directors
Precise Mortgage Funding 2020-1B Plc currently has 2 directors. The longest serving directors include Mr John Nowacki (Nov 2019) and Mr Oskari Tammenmaa (Feb 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Nowacki | United Kingdom | 45 years | Nov 2019 | - | Director |
| Mr Oskari Tammenmaa | England | 44 years | Feb 2025 | - | Director |
P&L
December 2023turnover
17m
+94%
operating profit
17.4m
0%
gross margin
9.1%
-15069.34%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.5m
-1.2%
total assets
220.9m
-0.18%
cash
19.9m
+1.44%
net assets
Total assets minus all liabilities
precise mortgage funding 2020-1b plc company details
company number
12329730
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
November 2019
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
10th floor 5 churchill place, london, E14 5HU
Bank
US BANK GLOBAL CORPORATE TRUST LIMITED
Legal Advisor
-
precise mortgage funding 2020-1b 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 2020-1b plc. Currently there are 1 open charges and 0 have been satisfied in the past.
precise mortgage funding 2020-1b 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 2020-1B PLC. This can take several minutes, an email will notify you when this has completed.
precise mortgage funding 2020-1b plc Companies House Filings - See Documents
| date | description | view/download |
|---|
