fiinu 2 limited

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fiinu 2 limited Company Information

Share FIINU 2 LIMITED

Company Number

12973786

Shareholders

fiinu holdings ltd

Group Structure

View All

Industry

Other information technology and computer service activities

 

Registered Address

ibex house baker street, weybridge, surrey, KT13 8AH

Website

fiinu.com

fiinu 2 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIINU 2 LIMITED at £0 based on a Turnover of £0 and 0.66x industry multiple (adjusted for size and gross margin).

fiinu 2 limited Estimated Valuation

£0

Pomanda estimates the enterprise value of FIINU 2 LIMITED at £0 based on an EBITDA of £-4m and a 4.52x industry multiple (adjusted for size and gross margin).

fiinu 2 limited Estimated Valuation

£9.7m

Pomanda estimates the enterprise value of FIINU 2 LIMITED at £9.7m based on Net Assets of £4.3m and 2.25x industry multiple (adjusted for liquidity).

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Fiinu 2 Limited Overview

Fiinu 2 Limited is a live company located in surrey, KT13 8AH with a Companies House number of 12973786. It operates in the other information technology service activities sector, SIC Code 62090. Founded in October 2020, it's largest shareholder is fiinu holdings ltd with a 100% stake. Fiinu 2 Limited is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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Fiinu 2 Limited Health Check

Pomanda's financial health check has awarded Fiinu 2 Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 2 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

0 Regular

positive_score

2 Weak

size

Size

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

production

Production

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

profitability

Profitability

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

employees

Employees

with 23 employees, this is below the industry average (43)

- - Fiinu 2 Limited

- - Industry AVG

paystructure

Pay Structure

on an average salary of £116.8k, the company has a higher pay structure (£74.2k)

- - Fiinu 2 Limited

- - Industry AVG

efficiency

Efficiency

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Fiinu 2 Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

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- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 39 weeks, this is more cash available to meet short term requirements (14 weeks)

- - Fiinu 2 Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 25.7%, this is a lower level of debt than the average (64.7%)

- - Fiinu 2 Limited

- - Industry AVG

FIINU 2 LIMITED financials

EXPORTms excel logo

Fiinu 2 Limited's latest turnover from December 2023 is 0 and the company has net assets of £4.3 million. According to their latest financial statements, Fiinu 2 Limited has 23 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Mar 2022Mar 2021
Turnover
Other Income Or Grants
Cost Of Sales
Gross Profit
Admin Expenses4,042,2981,563,873315,986116,824
Operating Profit-4,042,298-1,563,873-315,986-116,824
Interest Payable250
Interest Receivable46,14111,551
Pre-Tax Profit-3,996,407-1,552,322-315,986-116,824
Tax246,628
Profit After Tax-3,996,407-1,305,694-315,986-116,824
Dividends Paid25,998
Retained Profit-4,022,405-1,305,694-315,986-116,824
Employee Costs2,687,4341,354,890311,693313,122
Number Of Employees231185
EBITDA*-4,042,298-1,563,873-315,986-116,824

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Mar 2022Mar 2021
Tangible Assets
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
Stock & work in progress
Trade Debtors
Group Debtors4,443,348310,261
Misc Debtors191,287399,92617,80717,994
Cash1,138,6506,805,028
misc current assets
total current assets5,773,2857,515,21517,80717,994
total assets5,773,2857,515,21517,80717,994
Bank overdraft
Bank loan
Trade Creditors 9,656
Group/Directors Accounts88,326
other short term finances
hp & lease commitments
other current liabilities1,484,194444,063450,61646,491
total current liabilities1,484,194453,719450,616134,817
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities1,484,194453,719450,616134,817
net assets4,289,0917,061,496-432,809-116,823
total shareholders funds4,289,0917,061,496-432,809-116,823
Dec 2023Dec 2022Mar 2022Mar 2021
Operating Activities
Operating Profit-4,042,298-1,563,873-315,986-116,824
Depreciation
Amortisation
Tax246,628
Stock
Debtors3,924,448692,193-18717,994
Creditors-9,6569,656
Accruals and Deferred Income1,040,131397,572404,12546,491
Deferred Taxes & Provisions
Cash flow from operations-6,936,271-1,602,21088,326-88,327
Investing Activities
capital expenditure
Change in Investments
cash flow from investments
Financing Activities
Bank loans
Group/Directors Accounts-88,326-88,32688,326
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue1,250,0008,484,0131
interest45,89111,551
cash flow from financing1,295,8918,407,238-88,32688,327
cash and cash equivalents
cash-5,666,3786,805,028
overdraft
change in cash-5,666,3786,805,028

fiinu 2 limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Fiinu 2 Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for fiinu 2 limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other young companies, companies in KT13 area or any other competitors across 12 key performance metrics.

fiinu 2 limited Ownership

FIINU 2 LIMITED group structure

Fiinu 2 Limited has no subsidiary companies.

Ultimate parent company

2 parents

FIINU 2 LIMITED

12973786

FIINU 2 LIMITED Shareholders

fiinu holdings ltd 100%

fiinu 2 limited directors

Fiinu 2 Limited currently has 5 directors. The longest serving directors include Mr Brennan Elliott-Jones (Oct 2020) and Mr David Hopton (Nov 2020).

officercountryagestartendrole
Mr Brennan Elliott-JonesEngland54 years Oct 2020- Director
Mr David HoptonUnited Kingdom75 years Nov 2020- Director
Mr Christopher SweeneyEngland59 years May 2022- Director
Mr Simon LeathersEngland50 years Dec 2023- Director
Dr Marko SjoblomEngland54 years Dec 2023- Director

P&L

December 2023

turnover

0

0%

operating profit

-4m

+158%

gross margin

0%

0%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

4.3m

-0.39%

total assets

5.8m

-0.23%

cash

1.1m

-0.83%

net assets

Total assets minus all liabilities

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fiinu 2 limited company details

company number

12973786

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

October 2020

age

5

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

fiinu bank limited (June 2023)

fiinu 2 ltd (August 2022)

accountant

-

auditor

F W SMITH RICHES & CO

address

ibex house baker street, weybridge, surrey, KT13 8AH

Bank

-

Legal Advisor

-

fiinu 2 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 fiinu 2 limited.

fiinu 2 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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fiinu 2 limited Companies House Filings - See Documents

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