tesco personal finance group limited
tesco personal finance group limited Company Information
Company Number
SC173198
Next Accounts
Nov 2025
Shareholders
tesco plc
Group Structure
View All
Industry
Activities of head offices
Registered Address
2 south gyle crescent, edinburgh, EH12 9FQ
Website
www.tescobank.comtesco personal finance group limited Estimated Valuation
Pomanda estimates the enterprise value of TESCO PERSONAL FINANCE GROUP LIMITED at £335.2m based on a Turnover of £299.7m and 1.12x industry multiple (adjusted for size and gross margin).
tesco personal finance group limited Estimated Valuation
Pomanda estimates the enterprise value of TESCO PERSONAL FINANCE GROUP LIMITED at £0 based on an EBITDA of £-282.9m and a 8.85x industry multiple (adjusted for size and gross margin).
tesco personal finance group limited Estimated Valuation
Pomanda estimates the enterprise value of TESCO PERSONAL FINANCE GROUP LIMITED at £2.4b based on Net Assets of £1.1b and 2.11x industry multiple (adjusted for liquidity).
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Tesco Personal Finance Group Limited Overview
Tesco Personal Finance Group Limited is a live company located in edinburgh, EH12 9FQ with a Companies House number of SC173198. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 1997, it's largest shareholder is tesco plc with a 100% stake. Tesco Personal Finance Group Limited is a mature, mega sized company, Pomanda has estimated its turnover at £299.7m with declining growth in recent years.
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Tesco Personal Finance Group Limited Health Check
Pomanda's financial health check has awarded Tesco Personal Finance Group Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £299.7m, make it larger than the average company (£20.9m)
£299.7m - Tesco Personal Finance Group Limited
£20.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -27%, show it is growing at a slower rate (8.6%)
-27% - Tesco Personal Finance Group Limited
8.6% - Industry AVG
Production
with a gross margin of 33.4%, this company has a comparable cost of product (33.4%)
33.4% - Tesco Personal Finance Group Limited
33.4% - Industry AVG
Profitability
an operating margin of -98.7% make it less profitable than the average company (5.7%)
-98.7% - Tesco Personal Finance Group Limited
5.7% - Industry AVG
Employees
with 3593 employees, this is above the industry average (113)
3593 - Tesco Personal Finance Group Limited
113 - Industry AVG
Pay Structure
on an average salary of £14.8k, the company has a lower pay structure (£49k)
£14.8k - Tesco Personal Finance Group Limited
£49k - Industry AVG
Efficiency
resulting in sales per employee of £83.4k, this is less efficient (£196.9k)
£83.4k - Tesco Personal Finance Group Limited
£196.9k - Industry AVG
Debtor Days
it gets paid by customers after 68 days, this is later than average (44 days)
68 days - Tesco Personal Finance Group Limited
44 days - Industry AVG
Creditor Days
its suppliers are paid after 1938 days, this is slower than average (42 days)
1938 days - Tesco Personal Finance Group Limited
42 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Tesco Personal Finance Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Tesco Personal Finance Group Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 89%, this is a higher level of debt than the average (54.7%)
89% - Tesco Personal Finance Group Limited
54.7% - Industry AVG
TESCO PERSONAL FINANCE GROUP LIMITED financials
Tesco Personal Finance Group Limited's latest turnover from February 2024 is £299.7 million and the company has net assets of £1.1 billion. According to their latest financial statements, Tesco Personal Finance Group Limited has 3,593 employees and maintains cash reserves of £470 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 299,700,000 | 210,700,000 | 865,200,000 | 768,700,000 | 1,035,100,000 | 1,023,100,000 | 1,034,800,000 | 1,022,600,000 | 973,400,000 | 937,000,000 | 937,200,000 | 972,200,000 | 895,490,000 | 709,868,000 | 726,964,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | 185,900,000 | -171,100,000 | 69,000,000 | 132,800,000 | 189,100,000 | 125,700,000 | 190,500,000 | 162,300,000 | 150,000,000 | 114,500,000 | 154,700,000 | ||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 58,400,000 | 21,200,000 | 188,500,000 | -154,900,000 | 79,200,000 | 140,700,000 | 199,100,000 | 110,100,000 | 187,900,000 | 167,600,000 | 152,400,000 | 124,700,000 | 159,969,000 | 123,953,000 | 56,243,000 |
| Tax | -15,500,000 | -6,200,000 | -44,200,000 | 51,200,000 | -32,700,000 | -40,000,000 | -60,600,000 | 27,300,000 | -2,200,000 | -39,000,000 | -34,300,000 | -20,600,000 | -39,836,000 | -37,670,000 | -8,079,000 |
| Profit After Tax | 42,900,000 | 15,000,000 | 144,300,000 | -103,700,000 | 46,500,000 | 100,700,000 | 138,500,000 | 137,400,000 | 185,700,000 | 128,600,000 | 118,100,000 | 104,100,000 | 120,133,000 | 86,283,000 | 48,164,000 |
| Dividends Paid | 87,000,000 | 13,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 50,000,000 | 100,000,000 | 105,000,000 | 100,937,000 | 150,854,000 | 151,066,000 | ||
| Retained Profit | -298,200,000 | 99,400,000 | 57,300,000 | -116,700,000 | -3,500,000 | 50,700,000 | 88,500,000 | 87,400,000 | 135,700,000 | 78,600,000 | 18,100,000 | -900,000 | 19,196,000 | -64,571,000 | -134,066,000 |
| Employee Costs | 53,200,000 | 48,700,000 | 210,300,000 | 176,700,000 | 171,400,000 | 169,300,000 | 174,200,000 | 172,700,000 | 173,700,000 | 160,700,000 | 146,300,000 | 133,600,000 | 117,984,000 | 78,777,000 | 52,038,000 |
| Number Of Employees | 3,593 | 3,599 | 3,823 | 3,702 | 3,587 | 3,684 | 3,948 | 3,878 | 3,631 | 3,871 | 3,607 | 3,390 | 2,818 | 1,274 | 432 |
| EBITDA* | 198,500,000 | -160,200,000 | 80,000,000 | 132,800,000 | 189,100,000 | 125,700,000 | 190,500,000 | 162,300,000 | 150,000,000 | 114,500,000 | 154,700,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,660,000,000 | 1,609,300,000 | 1,613,400,000 | 1,227,200,000 | 1,310,400,000 | 1,294,300,000 | 8,047,900,000 | 6,934,200,000 | 5,894,400,000 | 4,932,500,000 | 4,268,300,000 | 3,652,100,000 | 3,394,797,000 | 2,665,771,000 | 2,066,589,000 |
| Intangible Assets | 50,500,000 | 142,600,000 | 148,600,000 | 130,900,000 | 138,200,000 | 224,200,000 | 271,100,000 | 300,000,000 | 363,900,000 | 402,600,000 | 427,700,000 | 397,400,000 | 336,995,000 | 215,275,000 | 60,328,000 |
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,710,500,000 | 1,751,900,000 | 1,762,000,000 | 1,358,100,000 | 1,448,600,000 | 1,518,500,000 | 8,319,000,000 | 7,234,200,000 | 6,258,300,000 | 5,335,100,000 | 4,696,000,000 | 4,049,500,000 | 3,731,792,000 | 2,881,046,000 | 2,126,917,000 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 56,400,000 | 7,125,800,000 | 6,585,900,000 | 6,408,300,000 | 8,457,000,000 | 12,781,200,000 | 4,638,100,000 | 4,200,200,000 | 3,855,000,000 | 3,856,500,000 | 3,744,800,000 | 3,141,700,000 | 3,167,911,000 | 3,751,509,000 | 3,307,021,000 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 470,000,000 | 461,100,000 | 780,600,000 | 804,200,000 | 1,395,600,000 | 1,072,100,000 | 1,318,600,000 | 802,900,000 | 567,300,000 | 628,700,000 | 494,000,000 | 919,800,000 | 456,213,000 | 137,125,000 | 181,855,000 |
| misc current assets | 30,300,000 | 46,500,000 | 43,200,000 | 41,600,000 | 55,600,000 | 49,400,000 | 49,300,000 | 42,200,000 | 43,100,000 | 41,000,000 | 27,300,000 | 34,200,000 | 43,730,000 | 79,838,000 | 61,943,000 |
| total current assets | 8,546,500,000 | 7,883,700,000 | 7,874,500,000 | 7,465,300,000 | 10,196,600,000 | 14,139,300,000 | 6,286,600,000 | 5,344,300,000 | 4,742,500,000 | 4,726,700,000 | 4,551,400,000 | 4,381,700,000 | 3,874,513,000 | 4,112,269,000 | 3,649,032,000 |
| total assets | 10,257,000,000 | 9,635,600,000 | 9,636,500,000 | 8,823,400,000 | 11,645,200,000 | 15,657,800,000 | 14,605,600,000 | 12,578,500,000 | 11,000,800,000 | 10,061,800,000 | 9,247,400,000 | 8,431,200,000 | 7,606,305,000 | 6,993,315,000 | 5,775,949,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 1,060,000,000 | 6,903,700,000 | 6,649,400,000 | 6,636,500,000 | 9,281,700,000 | 12,188,600,000 | 7,899,600,000 | 6,820,200,000 | 6,057,000,000 | 6,106,800,000 | 5,526,000,000 | 5,394,500,000 | 5,235,641,000 | 5,177,668,000 | 4,434,092,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | 237,500,000 | 236,900,000 | 235,600,000 | 235,000,000 | 235,000,000 | 235,000,000 | 235,000,000 | 199,000,000 | 211,500,000 | ||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 9,093,900,000 | 7,922,000,000 | 7,933,500,000 | 7,141,800,000 | 9,842,100,000 | 12,735,700,000 | 8,426,200,000 | 7,092,000,000 | 6,328,100,000 | 6,369,800,000 | 5,778,600,000 | 5,634,600,000 | 5,477,462,000 | 5,583,332,000 | 4,770,391,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 38,500,000 | 53,100,000 | 37,600,000 | 60,100,000 | 58,700,000 | 1,240,500,000 | 4,403,700,000 | 3,812,600,000 | 3,103,500,000 | 2,218,000,000 | 2,083,400,000 | 1,565,700,000 | 935,338,000 | 364,805,000 | 343,713,000 |
| total liabilities | 9,132,400,000 | 7,975,100,000 | 7,971,100,000 | 7,201,900,000 | 9,900,800,000 | 13,976,200,000 | 12,829,900,000 | 10,904,600,000 | 9,431,600,000 | 8,587,800,000 | 7,862,000,000 | 7,200,300,000 | 6,412,800,000 | 5,948,137,000 | 5,114,104,000 |
| net assets | 1,124,600,000 | 1,660,500,000 | 1,665,400,000 | 1,621,500,000 | 1,744,400,000 | 1,681,600,000 | 1,775,700,000 | 1,673,900,000 | 1,569,200,000 | 1,474,000,000 | 1,385,400,000 | 1,230,900,000 | 1,193,505,000 | 1,045,178,000 | 661,845,000 |
| total shareholders funds | 1,124,600,000 | 1,660,500,000 | 1,665,400,000 | 1,621,500,000 | 1,744,400,000 | 1,681,600,000 | 1,775,700,000 | 1,673,900,000 | 1,569,200,000 | 1,474,000,000 | 1,385,400,000 | 1,230,900,000 | 1,193,505,000 | 1,045,178,000 | 661,845,000 |
| Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 185,900,000 | -171,100,000 | 69,000,000 | 132,800,000 | 189,100,000 | 125,700,000 | 190,500,000 | 162,300,000 | 150,000,000 | 114,500,000 | 154,700,000 | ||||
| Depreciation | 13,100,000 | 11,700,000 | 12,600,000 | 10,900,000 | 11,000,000 | ||||||||||
| Amortisation | |||||||||||||||
| Tax | -15,500,000 | -6,200,000 | -44,200,000 | 51,200,000 | -32,700,000 | -40,000,000 | -60,600,000 | 27,300,000 | -2,200,000 | -39,000,000 | -34,300,000 | -20,600,000 | -39,836,000 | -37,670,000 | -8,079,000 |
| Stock | |||||||||||||||
| Debtors | -7,069,400,000 | 539,900,000 | 177,600,000 | -2,048,700,000 | -4,324,200,000 | 8,143,100,000 | 437,900,000 | 345,200,000 | -1,500,000 | 111,700,000 | 603,100,000 | -26,211,000 | -583,598,000 | 444,488,000 | 3,307,021,000 |
| Creditors | -5,843,700,000 | 254,300,000 | 12,900,000 | -2,645,200,000 | -2,906,900,000 | 4,289,000,000 | 1,079,400,000 | 763,200,000 | -49,800,000 | 580,800,000 | 131,500,000 | 158,859,000 | 57,973,000 | 743,576,000 | 4,434,092,000 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | 600,000 | 1,300,000 | 600,000 | 235,000,000 | -199,000,000 | -12,500,000 | 211,500,000 | ||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 8,900,000 | -319,500,000 | -23,600,000 | -591,400,000 | 323,500,000 | -246,500,000 | 515,700,000 | 235,600,000 | -61,400,000 | 134,700,000 | -425,800,000 | 463,587,000 | 319,088,000 | -44,730,000 | 181,855,000 |
| overdraft | |||||||||||||||
| change in cash | 8,900,000 | -319,500,000 | -23,600,000 | -591,400,000 | 323,500,000 | -246,500,000 | 515,700,000 | 235,600,000 | -61,400,000 | 134,700,000 | -425,800,000 | 463,587,000 | 319,088,000 | -44,730,000 | 181,855,000 |
tesco personal finance group limited Credit Report and Business Information
Tesco Personal Finance Group Limited Competitor Analysis
Perform a competitor analysis for tesco personal finance group limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mega companies, companies in EH12 area or any other competitors across 12 key performance metrics.
tesco personal finance group limited Ownership
TESCO PERSONAL FINANCE GROUP LIMITED group structure
Tesco Personal Finance Group Limited has 1 subsidiary company.
Ultimate parent company
1 parent
TESCO PERSONAL FINANCE GROUP LIMITED
SC173198
1 subsidiary
tesco personal finance group limited directors
Tesco Personal Finance Group Limited currently has 8 directors. The longest serving directors include Mr Simon MacHell (Nov 2013) and Mr Robert Endersby (Dec 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon MacHell | United Kingdom | 61 years | Nov 2013 | - | Director |
| Mr Robert Endersby | United Kingdom | 65 years | Dec 2014 | - | Director |
| Sir John Kingman | 55 years | Nov 2019 | - | Director | |
| Ms Elizabeth Buckley | United Kingdom | 56 years | Dec 2021 | - | Director |
| Mr Scott Fitzgerald | United Kingdom | 45 years | Oct 2024 | - | Director |
| Ms Caroline Ramsay | United Kingdom | 62 years | Nov 2024 | - | Director |
| Ms Margot Cronin | United Kingdom | 61 years | Nov 2024 | - | Director |
| Ms Gillian Cass | United Kingdom | 49 years | Nov 2024 | - | Director |
P&L
February 2024turnover
299.7m
+42%
operating profit
-296m
0%
gross margin
33.5%
+0.85%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
1.1b
-0.32%
total assets
10.3b
+0.06%
cash
470m
+0.02%
net assets
Total assets minus all liabilities
tesco personal finance group limited company details
company number
SC173198
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 1997
age
28
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
February 2024
previous names
tesco personal finance group plc (December 2024)
tesco personal finance group limited (October 2018)
accountant
-
auditor
DELOITTE LLP
address
2 south gyle crescent, edinburgh, EH12 9FQ
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
tesco personal finance group 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 tesco personal finance group limited.
tesco personal finance group 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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tesco personal finance group limited Companies House Filings - See Documents
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