mtn funding plc
mtn funding plc Company Information
Company Number
12474989
Website
-Registered Address
ground floor, 45 pall mall, london, SW1Y 5JG
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
August 2024
Group Structure
View All
Shareholders
truva share trustee limited 100%
mtn funding plc Estimated Valuation
Pomanda estimates the enterprise value of MTN FUNDING PLC at £184.5k based on a Turnover of £330.5k and 0.56x industry multiple (adjusted for size and gross margin).
mtn funding plc Estimated Valuation
Pomanda estimates the enterprise value of MTN FUNDING PLC at £0 based on an EBITDA of £-625 and a 1.54x industry multiple (adjusted for size and gross margin).
mtn funding plc Estimated Valuation
Pomanda estimates the enterprise value of MTN FUNDING PLC at £77.2k based on Net Assets of £48.8k and 1.58x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Mtn Funding Plc Overview
Mtn Funding Plc is a live company located in london, SW1Y 5JG with a Companies House number of 12474989. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in February 2020, it's largest shareholder is truva share trustee limited with a 100% stake. Mtn Funding Plc is a startup, micro sized company, Pomanda has estimated its turnover at £330.5k with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Mtn Funding Plc Health Check
Pomanda's financial health check has awarded Mtn Funding Plc a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs
0 Strong
1 Regular
6 Weak
Size
annual sales of £330.5k, make it smaller than the average company (£10.7m)
£330.5k - Mtn Funding Plc
£10.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Mtn Funding Plc
- - Industry AVG
Production
with a gross margin of 0.8%, this company has a higher cost of product (76.8%)
0.8% - Mtn Funding Plc
76.8% - Industry AVG
Profitability
an operating margin of -0.2% make it less profitable than the average company (10.9%)
-0.2% - Mtn Funding Plc
10.9% - Industry AVG
Employees
with 2 employees, this is below the industry average (64)
- Mtn Funding Plc
64 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Mtn Funding Plc
- - Industry AVG
Efficiency
resulting in sales per employee of £165.3k, this is less efficient (£208.3k)
- Mtn Funding Plc
£208.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Mtn Funding Plc
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Mtn Funding Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Mtn Funding Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 25 weeks, this is average cash available to meet short term requirements (28 weeks)
25 weeks - Mtn Funding Plc
28 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 98.2%, this is a higher level of debt than the average (58.7%)
98.2% - Mtn Funding Plc
58.7% - Industry AVG
MTN FUNDING PLC financials
Mtn Funding Plc's latest turnover from February 2023 is £330.5 thousand and the company has net assets of £48.8 thousand. According to their latest financial statements, we estimate that Mtn Funding Plc has 2 employees and maintains cash reserves of £20.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Turnover | 330,509 | 244,495 | 0 |
| Other Income Or Grants | 0 | 0 | 0 |
| Cost Of Sales | 327,795 | 244,495 | 0 |
| Gross Profit | 2,714 | 0 | 0 |
| Admin Expenses | 3,339 | 625 | 0 |
| Operating Profit | -625 | -625 | 0 |
| Interest Payable | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 |
| Pre-Tax Profit | -625 | -625 | 0 |
| Tax | 0 | 0 | 0 |
| Profit After Tax | -625 | -625 | 0 |
| Dividends Paid | 0 | 0 | 0 |
| Retained Profit | -625 | -625 | 0 |
| Employee Costs | 0 | 0 | 0 |
| Number Of Employees | 3 | ||
| EBITDA* | -625 | -625 | 0 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 2,619,715 | 1,734,630 | 0 |
| Total Fixed Assets | 2,619,715 | 1,734,630 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 44,522 | 38,125 | 37,500 |
| Cash | 20,635 | 0 | 12,500 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 65,157 | 38,125 | 50,000 |
| total assets | 2,684,872 | 1,772,755 | 50,000 |
| 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 | 42,294 | 0 | 0 |
| total current liabilities | 42,294 | 0 | 0 |
| loans | 2,004,059 | 1,478,638 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 589,769 | 244,742 | 0 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 2,593,828 | 1,723,380 | 0 |
| total liabilities | 2,636,122 | 1,723,380 | 0 |
| net assets | 48,750 | 49,375 | 50,000 |
| total shareholders funds | 48,750 | 49,375 | 50,000 |
| Feb 2023 | Feb 2022 | Feb 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | -625 | -625 | 0 |
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 |
| Debtors | 891,482 | 1,735,255 | 37,500 |
| Creditors | 0 | 0 | 0 |
| Accruals and Deferred Income | 387,321 | 244,742 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | -504,786 | -1,491,138 | -37,500 |
| Investing Activities | |||
| capital expenditure | 0 | 0 | 0 |
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 |
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 525,421 | 1,478,638 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | 0 | 0 | 0 |
| cash flow from financing | 525,421 | 1,478,638 | 50,000 |
| cash and cash equivalents | |||
| cash | 20,635 | -12,500 | 12,500 |
| overdraft | 0 | 0 | 0 |
| change in cash | 20,635 | -12,500 | 12,500 |
mtn funding plc Credit Report and Business Information
Mtn Funding Plc Competitor Analysis
Perform a competitor analysis for mtn funding plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in SW1Y area or any other competitors across 12 key performance metrics.
mtn funding plc Ownership
MTN FUNDING PLC group structure
Mtn Funding Plc has no subsidiary companies.
Ultimate parent company
2 parents
MTN FUNDING PLC
12474989
mtn funding plc directors
Mtn Funding Plc currently has 2 directors. The longest serving directors include Mr Kevin Haines (Feb 2020) and Mr David Davies (Apr 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Haines | England | 65 years | Feb 2020 | - | Director |
| Mr David Davies | England | 73 years | Apr 2024 | - | Director |
P&L
February 2023turnover
330.5k
+35%
operating profit
-625
0%
gross margin
0.9%
%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
48.8k
-0.01%
total assets
2.7m
+0.51%
cash
20.6k
0%
net assets
Total assets minus all liabilities
Similar Companies
mtn funding plc company details
company number
12474989
Type
Public limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
February 2020
age
4
accounts
Full Accounts
ultimate parent company
previous names
acorn investment bonds plc (February 2021)
incorporated
UK
address
ground floor, 45 pall mall, london, SW1Y 5JG
last accounts submitted
February 2023
mtn funding 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 mtn funding plc. Currently there are 1 open charges and 0 have been satisfied in the past.
mtn funding plc Companies House Filings - See Documents
| date | description | view/download |
|---|
