Activities of financial services holding companies
Registered Address
part ground floor (east), floors, the gilbert, 40 finsbury square, london, EC2A 1PX
Website
-
truelayer group holdings limitedEstimated Valuation
£17.7m
Pomanda estimates the enterprise value of TRUELAYER GROUP HOLDINGS LIMITED at £17.7m based on a Turnover of £12.4m and 1.42x industry multiple (adjusted for size and gross margin).
truelayer group holdings limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of TRUELAYER GROUP HOLDINGS LIMITED at £0 based on an EBITDA of £-53.2m and a 5.26x industry multiple (adjusted for size and gross margin).
truelayer group holdings limitedEstimated Valuation
£75.3m
Pomanda estimates the enterprise value of TRUELAYER GROUP HOLDINGS LIMITED at £75.3m based on Net Assets of £45.2m and 1.67x industry multiple (adjusted for liquidity).
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Truelayer Group Holdings LimitedOverview
Truelayer Group Holdings Limited is a live company located in 40 finsbury square, EC2A 1PX with a Companies House number of 12500702. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in March 2020, it's largest shareholder is
nominee of addition two lp for itself
with a 12.9% stake. Truelayer Group Holdings Limited is a young,
mid sized company, Pomanda has estimated its turnover at
£12.4m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Truelayer Group Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
5 Strong
2 Regular
4 Weak
Size
annual sales of £12.4m, make it in line with the average company (£11.7m)
£12.4m - Truelayer Group Holdings Limited
£11.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 106%, show it is growing at a faster rate (9.1%)
106% - Truelayer Group Holdings Limited
9.1% - Industry AVG
Production
with a gross margin of 62.6%, this company has a higher cost of product (78.4%)
62.6% - Truelayer Group Holdings Limited
78.4% - Industry AVG
Profitability
an operating margin of -435% make it less profitable than the average company (9.5%)
-435% - Truelayer Group Holdings Limited
9.5% - Industry AVG
Employees
with 346 employees, this is above the industry average (65)
346 - Truelayer Group Holdings Limited
65 - Industry AVG
Pay Structure
on an average salary of £123.3k, the company has a higher pay structure (£83k)
£123.3k - Truelayer Group Holdings Limited
£83k - Industry AVG
Efficiency
resulting in sales per employee of £35.9k, this is less efficient (£212k)
£35.9k - Truelayer Group Holdings Limited
£212k - Industry AVG
Debtor Days
it gets paid by customers after 46 days, this is near the average (47 days)
46 days - Truelayer Group Holdings Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 146 days, this is slower than average (48 days)
146 days - Truelayer Group Holdings Limited
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Truelayer Group Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 429 weeks, this is more cash available to meet short term requirements (27 weeks)
429 weeks - Truelayer Group Holdings Limited
27 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 27.6%, this is a lower level of debt than the average (54.1%)
27.6% - Truelayer Group Holdings Limited
54.1% - Industry AVG
TRUELAYER GROUP HOLDINGS LIMITED financials
EXPORT
Truelayer Group Holdings Limited's latest turnover from December 2023 is £12.4 million and the company has net assets of £45.2 million. According to their latest financial statements, Truelayer Group Holdings Limited has 346 employees and maintains cash reserves of £51.5 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Turnover
12,430,271
4,138,147
2,649,115
1,421,210
637,349
Other Income Or Grants
Cost Of Sales
4,642,288
1,175,265
1,276,367
723,962
469,970
Gross Profit
7,787,983
2,962,882
1,372,748
697,248
167,379
Admin Expenses
61,856,343
64,281,775
31,429,536
17,820,387
8,158,705
Operating Profit
-54,068,360
-61,318,893
-30,056,788
-17,123,139
-7,991,326
Interest Payable
102,984
Interest Receivable
2,492,375
485,732
7
13
59
Pre-Tax Profit
-55,562,200
-40,340,527
-78,162,751
-17,123,126
-7,991,267
Tax
514,236
941,042
3,481,057
827,121
170,942
Profit After Tax
-55,047,964
-39,399,485
-74,681,694
-16,296,005
-7,820,325
Dividends Paid
Retained Profit
-55,047,964
-39,399,485
-74,681,694
-16,296,005
-7,820,325
Employee Costs
42,666,253
45,997,810
23,093,409
12,536,817
4,529,700
Number Of Employees
346
434
231
125
56
EBITDA*
-53,214,995
-60,625,375
-29,711,507
-16,832,376
-7,856,561
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Tangible Assets
4,255,251
1,119,060
1,333,134
1,122,217
1,063,515
Intangible Assets
Investments & Other
385,923
385,923
188,278
Debtors (Due After 1 year)
Total Fixed Assets
4,641,174
1,504,983
1,521,412
1,122,217
1,063,515
Stock & work in progress
Trade Debtors
1,580,522
849,614
434,313
264,805
419,043
Group Debtors
Misc Debtors
4,742,853
5,453,611
4,289,510
1,842,939
1,180,905
Cash
51,476,485
95,952,443
133,819,418
28,807,095
24,225,810
misc current assets
total current assets
57,799,860
102,255,668
138,543,241
30,914,839
25,825,758
total assets
62,441,034
103,760,651
140,064,653
32,037,056
26,889,273
Bank overdraft
Bank loan
Trade Creditors
1,867,835
889,362
1,151,604
798,944
408,873
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
4,364,641
2,905,617
2,447,330
971,587
385,492
total current liabilities
6,232,476
3,794,979
3,598,934
1,770,531
794,365
loans
10,624,014
7,092,204
60,720,535
18,967,858
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
380,275
38,175
38,175
38,175
38,175
total long term liabilities
11,004,289
7,130,379
60,758,710
19,006,033
38,175
total liabilities
17,236,765
10,925,358
64,357,644
20,776,564
832,540
net assets
45,204,269
92,835,293
75,707,009
11,260,492
26,056,733
total shareholders funds
45,204,269
92,835,293
75,707,009
11,260,492
26,056,733
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Operating Activities
Operating Profit
-54,068,360
-61,318,893
-30,056,788
-17,123,139
-7,991,326
Depreciation
853,365
693,518
345,281
290,763
134,765
Amortisation
Tax
514,236
941,042
3,481,057
827,121
170,942
Stock
Debtors
20,150
1,579,402
2,616,079
507,796
1,599,948
Creditors
978,473
-262,242
352,660
390,071
408,873
Accruals and Deferred Income
1,459,024
458,287
1,475,743
586,095
385,492
Deferred Taxes & Provisions
342,100
38,175
Cash flow from operations
-49,941,312
-61,067,690
-27,018,126
-15,536,885
-8,453,027
Investing Activities
capital expenditure
Change in Investments
197,645
188,278
cash flow from investments
-197,645
-188,278
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
3,531,810
-53,628,331
41,752,677
18,967,858
Hire Purchase and Lease Commitments
other long term liabilities
share issue
7,416,940
56,527,769
139,128,211
1,499,764
33,877,058
interest
2,389,391
485,732
7
13
59
cash flow from financing
13,338,141
3,385,170
180,880,895
20,467,635
33,877,117
cash and cash equivalents
cash
-44,475,958
-37,866,975
105,012,323
4,581,285
24,225,810
overdraft
change in cash
-44,475,958
-37,866,975
105,012,323
4,581,285
24,225,810
truelayer group holdings limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for truelayer group holdings limited. Get real-time insights into truelayer group holdings limited's credit score, group structure and payment trends.
Truelayer Group Holdings Limited Competitor Analysis
Perform a competitor analysis for truelayer group holdings limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2A area or any other competitors across 12 key performance metrics.
truelayer group holdings limited Ownership
TRUELAYER GROUP HOLDINGS LIMITED group structure
Truelayer Group Holdings Limited has no subsidiary companies.
Ultimate parent company
TRUELAYER GROUP HOLDINGS LIMITED
12500702
TRUELAYER GROUP HOLDINGS LIMITED Shareholders
The largest shareholders in Truelayer Group Holdings Limited include Nominee Of Addition Two Lp For Itself and Ossa Investments Pte. Limited.
nominee of addition two lp for itself
12.91%
ossa investments pte. limited
12.19%
northzone viii lp
11.81%
anthemis venture fund i lp
8.25%
francesco simoneschi
7.66%
luca martinetti
7.66%
tiger global pip 15-20 llc
6.59%
mammoth llc
6.59%
image frame investment hk limited
6.29%
connect ventures two lp
5.61%
truelayer group holdings limited directors
Truelayer Group Holdings Limited currently has 5 directors.
The longest serving directors include
Mr Luca Martinetti (Mar 2020) and
Mr Francesco Simoneschi (Mar 2020).
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023
net assets
45.2m
-0.51%
total assets
62.4m
-0.4%
cash
51.5m
-0.46%
net assets
Total assets minus all liabilities
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truelayer group holdings limited company details
company number
12500702
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
March 2020
age
5
incorporated
UK
ultimate parent company
None
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MERCER & HOLE LLP
address
part ground floor (east), floors, the gilbert, 40 finsbury square, london, EC2A 1PX
Bank
-
Legal Advisor
-
truelayer group holdings 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 2 charges/mortgages relating to truelayer group holdings limited. Currently there are 2 open charges and 0 have been satisfied in the past.
truelayer group holdings 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.
Click to start generating capital raising & share issue transactions for TRUELAYER GROUP HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
truelayer group holdings limitedCompanies House Filings - See Documents
