cushon holdings limited
cushon holdings limited Company Information
Company Number
14213564
Website
-Registered Address
250 bishopsgate, london, EC2M 4AA
Industry
Activities of financial services holding companies
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
nw a holdings limited 100%
cushon holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CUSHON HOLDINGS LIMITED at £26.6m based on a Turnover of £16.2m and 1.64x industry multiple (adjusted for size and gross margin).
cushon holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CUSHON HOLDINGS LIMITED at £0 based on an EBITDA of £-3.9m and a 5.74x industry multiple (adjusted for size and gross margin).
cushon holdings limited Estimated Valuation
Pomanda estimates the enterprise value of CUSHON HOLDINGS LIMITED at £12.5m based on Net Assets of £9m and 1.39x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Cushon Holdings Limited Overview
Cushon Holdings Limited is a live company located in london, EC2M 4AA with a Companies House number of 14213564. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in July 2022, it's largest shareholder is nw a holdings limited with a 100% stake. Cushon Holdings Limited is a startup, mid sized company, Pomanda has estimated its turnover at £16.2m with unknown growth in recent years.
Upgrade for unlimited company reports & a free credit check
Cushon Holdings Limited Health Check
Pomanda's financial health check has awarded Cushon Holdings Limited a 3 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
5 Strong
1 Regular
4 Weak
Size
annual sales of £16.2m, make it larger than the average company (£10.7m)
£16.2m - Cushon Holdings Limited
£10.7m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Cushon Holdings Limited
- - Industry AVG
Production
with a gross margin of 98%, this company has a lower cost of product (75.5%)
98% - Cushon Holdings Limited
75.5% - Industry AVG
Profitability
an operating margin of -48.6% make it less profitable than the average company (9.5%)
-48.6% - Cushon Holdings Limited
9.5% - Industry AVG
Employees
with 155 employees, this is above the industry average (61)
155 - Cushon Holdings Limited
61 - Industry AVG
Pay Structure
on an average salary of £81.9k, the company has an equivalent pay structure (£78.1k)
£81.9k - Cushon Holdings Limited
£78.1k - Industry AVG
Efficiency
resulting in sales per employee of £104.5k, this is less efficient (£203.3k)
£104.5k - Cushon Holdings Limited
£203.3k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (47 days)
19 days - Cushon Holdings Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 1243 days, this is slower than average (50 days)
1243 days - Cushon Holdings Limited
50 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Cushon Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (29 weeks)
7 weeks - Cushon Holdings Limited
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 82%, this is a higher level of debt than the average (59.5%)
82% - Cushon Holdings Limited
59.5% - Industry AVG
CUSHON HOLDINGS LIMITED financials
Cushon Holdings Limited's latest turnover from March 2023 is £16.2 million and the company has net assets of £9 million. According to their latest financial statements, Cushon Holdings Limited has 155 employees and maintains cash reserves of £6.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Turnover | 16,194,369 | 5,501,052 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 332,223 | 0 |
| Gross Profit | 15,862,146 | 5,501,052 |
| Admin Expenses | 23,733,154 | 13,081,660 |
| Operating Profit | -7,871,008 | -7,580,608 |
| Interest Payable | 3,246,550 | 897,841 |
| Interest Receivable | 24,849 | 2,881 |
| Pre-Tax Profit | -11,092,709 | -8,475,568 |
| Tax | 420,446 | 379,137 |
| Profit After Tax | -10,672,263 | -8,096,431 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -10,672,263 | -8,096,431 |
| Employee Costs | 12,694,697 | 4,188,953 |
| Number Of Employees | 155 | 65 |
| EBITDA* | -3,937,492 | -7,580,608 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Tangible Assets | 234,986 | 27,592 |
| Intangible Assets | 33,227,093 | 6,385,373 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 33,462,079 | 6,412,965 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 873,292 | 24,132 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 9,413,666 | 4,351,861 |
| Cash | 6,253,006 | 9,427,493 |
| misc current assets | 0 | 0 |
| total current assets | 16,539,964 | 13,803,486 |
| total assets | 50,002,043 | 20,216,451 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 1,131,744 | 861,503 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 36,533,000 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 3,318,947 | 3,676,322 |
| total current liabilities | 40,983,691 | 4,537,825 |
| loans | 0 | 8,000,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 140,000 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 8,140,000 |
| total liabilities | 40,983,691 | 12,677,825 |
| net assets | 9,018,352 | 7,538,626 |
| total shareholders funds | 9,018,352 | 7,538,626 |
| Mar 2023 | Mar 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | -7,871,008 | -7,580,608 |
| Depreciation | 100,957 | |
| Amortisation | 3,832,559 | |
| Tax | 420,446 | 379,137 |
| Stock | 0 | 0 |
| Debtors | 5,910,965 | 4,375,993 |
| Creditors | 270,241 | 861,503 |
| Accruals and Deferred Income | -497,375 | 3,816,322 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | -9,655,145 | |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 36,533,000 | 0 |
| Long term loans | -8,000,000 | 8,000,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -3,221,701 | -894,960 |
| cash flow from financing | 37,463,288 | 22,740,097 |
| cash and cash equivalents | ||
| cash | -3,174,487 | 9,427,493 |
| overdraft | 0 | 0 |
| change in cash | -3,174,487 | 9,427,493 |
cushon holdings limited Credit Report and Business Information
Cushon Holdings Limited Competitor Analysis
Perform a competitor analysis for cushon holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
cushon holdings limited Ownership
CUSHON HOLDINGS LIMITED group structure
Cushon Holdings Limited has 1 subsidiary company.
Ultimate parent company
2 parents
CUSHON HOLDINGS LIMITED
14213564
1 subsidiary
cushon holdings limited directors
Cushon Holdings Limited currently has 6 directors. The longest serving directors include Mr Troy Clutterbuck (Jul 2022) and Mr Duncan Howorth (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Troy Clutterbuck | England | 49 years | Jul 2022 | - | Director |
| Mr Duncan Howorth | England | 67 years | Jul 2022 | - | Director |
| Mr Benjamin Pollard | England | 46 years | Nov 2022 | - | Director |
| Mr Andrew Gray | England | 56 years | Jun 2023 | - | Director |
| Ms Kristina Spasic | England | 45 years | Jun 2023 | - | Director |
| Mrs Sarah Bischoff | England | 40 years | May 2024 | - | Director |
P&L
March 2023turnover
16.2m
+194%
operating profit
-7.9m
+4%
gross margin
98%
-2.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
9m
+0.2%
total assets
50m
+1.47%
cash
6.3m
-0.34%
net assets
Total assets minus all liabilities
Similar Companies
cushon holdings limited company details
company number
14213564
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
July 2022
age
2
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
250 bishopsgate, london, EC2M 4AA
last accounts submitted
March 2023
cushon 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 1 charges/mortgages relating to cushon holdings limited. Currently there are 0 open charges and 1 have been satisfied in the past.
cushon holdings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
