PREMIUM CREDIT LIMITED

ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, KT22 8UX

Company Number: 02015200
Incorporation date: 29-Apr-1986
Status: Active
Entity type: Private Limited Company

SIC codes:
64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors





SUMMARY

This company is 38.3 years old and is currently active. It is controlled by Vendcrown Limited. The latest reported revenue figure is GBP 108.1 million which is similar to the previous year's figure of GBP 104.8 million. The company has 8 active officers (directors or partners) who are or were officers of 33 other companies, 1 (3.0%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are 2 court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2025
Accounts Filed: FULL (31-Dec-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 108,115,000 36,304,000 14,000 35,080,000
31-Dec-2018 GBP 104,829,000 33,463,000 112,891,000 31,813,000
31-Dec-2017 GBP 114,067,000 48,285,000 43,946,000
31-Dec-2016 GBP 112,350,000
31-Dec-2015 GBP 126,231,000 56,270,000 104,000 23,051,000 344,000 32,979,000
31-Dec-2014 GBP 118,376,000 59,755,000 104,000 29,228,000 1,126,000 29,505,000
31-Dec-2013 GBP 110,719,000 67,181,000 114,000 30,413,000 6,415,000 30,467,000
31-Dec-2012 GBP 103,550,000 46,502,000 6,000 14,778,000 849,000 30,881,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 54,538,000 10,000 197,898,000
31-Dec-2018 GBP 17,000 1,499,668,000 1,364,426,000 19,000 162,818,000 164,451,000
31-Dec-2017 GBP 27,946,000 1,503,061,000 1,351,003,000 10,000 181,108,000 182,362,000
31-Dec-2016 GBP 29,084,000 1,566,365,000 1,400,960,000 10,000 196,312,000 196,836,000
31-Dec-2015 GBP 30,408,000 1,515,787,000 420,757,000 935,359,000 10,000 168,161,000 168,171,000
31-Dec-2014 GBP 26,928,000 1,444,909,000 888,023,000 400,000,000 10,000 161,856,000 161,866,000
31-Dec-2013 GBP 8,722,000 1,340,170,000 798,695,000 400,000,000 10,000 142,517,000 142,527,000
31-Dec-2012 GBP 13,548,000 1,236,270,000 1,095,771,000 10,000 141,889,000 141,899,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2019 GBP -90.00% -9,000 19,000 10,000 -27,263,000
31-Dec-2018 GBP 47.37% 9,000 10,000 19,000 -13,967,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Elizabeth Sarah ANNYS 29 Nov 2018 21 Jul 2024 1 - 0
Resigned Charleen CUTLER 31 Jul 2017 29 Nov 2018 0 - 1
Resigned Jasan FITZPATRICK 07 May 2014 31 Jul 2017 0 - 1
Resigned Alyson Elizabeth MULHOLLAND 01 Jan 2008 31 Oct 2012 British 3 - 21
Resigned Donna Wendy PUMFREY 01 Apr 2005 01 Jan 2008 British 0 - 10
Resigned Robin RUSSELL 27 Jan 2004 01 Apr 2005 Banker British 0 - 55
Resigned Stephen Timothy FENWICK 11 Feb 2003 27 Jan 2004 British 0 - 4
Resigned David John HENDER 22 Aug 1996 17 Jul 2002 British 2 - 11
Resigned Charles Edmund Royden LEDSAM 22 Aug 1996 British 0 - 31

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Nikolay Romanovich SKIBNEVSKIY 19 Apr 2024 Investment Professional Israeli 7 - 00 (0.0%)
Active Joseph KNOLL 09 Nov 2022 Managing Director British 20 - 00 (0.0%)
Active Kory Beth SORENSON 09 Nov 2022 Director British 1 - 10 (0.0%)
Resigned Victor Ho-Yeong NA 09 Nov 2022 28 Mar 2024 Principal French 3 - 80 (0.0%)
Active John Lawrence LUMELLEAU 09 Nov 2022 Director American 1 - 00 (0.0%)
Active Scott EGAN 09 Nov 2022 Director British 1 - 00 (0.0%)
Resigned Rebecca Helen HUNTER 08 Feb 2022 09 Nov 2022 Principal British 6 - 80 (0.0%)
Active Tara Jane WAITE 23 Sep 2019 Chief Executive Officer Irish 12 - 10 (0.0%)
Resigned Simon John MORAN 05 Jul 2019 09 Nov 2022 Non Executive Director British 3 - 31 (16.7%)
Active Andrew Phillip CHAPMAN 03 Jan 2019 Chief Financial Officer British 8 - 10 (0.0%)
Resigned David Thomas Mcaree YOUNG 11 Jan 2016 30 Apr 2023 Director British 11 - 3714 (29.2%)
Resigned Thomas WOOLGROVE 11 Jan 2016 07 Jun 2019 Chief Executive Officer British 0 - 60 (0.0%)
Resigned Colin Denis KEOGH 28 Oct 2015 09 Nov 2022 Chairman British 2 - 5423 (41.1%)
Resigned Nayan Vithaldas KISNADWALA 22 Jul 2015 18 Jun 2018 Group Chief Financial Officer American 0 - 10 (0.0%)
Resigned Christopher Stephen BURKE 05 Mar 2015 31 Oct 2019 Director British,Canadian 11 - 3019 (46.3%)
Active Maxim Devin CREWE 27 Feb 2015 Director British 4 - 152 (10.5%)
Resigned Maxim Devin CREWE 27 Feb 2015 09 Nov 2022 Director British 8 - 103 (16.7%)
Resigned Peter Anthony Colin CATTERALL 27 Feb 2015 09 Nov 2022 Director British 1 - 6824 (34.8%)
Resigned Anthony SANTOSPIRITO 27 Feb 2015 08 Feb 2022 Director Australian 0 - 130 (0.0%)
Resigned John REEVE 07 Dec 2012 31 Oct 2019 None British 2 - 3513 (35.1%)
Resigned Laurel Claire POWERS-FREELING 07 Dec 2012 28 Oct 2015 Company Director British 0 - 60 (0.0%)
Resigned Michael Staren HOLLANDER 31 Oct 2012 27 Feb 2015 None American 0 - 60 (0.0%)
Resigned Aaron Douglas COHEN 31 Oct 2012 27 Feb 2015 Executive American 0 - 70 (0.0%)
Resigned Collin Edward ROCHE 31 Oct 2012 27 Feb 2015 Executive American 0 - 132 (15.4%)
Resigned Nicholas Charles William PEARCE 31 Oct 2012 31 Oct 2013 Executive British 0 - 112 (18.2%)
Resigned Andrew Spencer DOMAN 31 Oct 2012 17 Dec 2015 Executive Australian 4 - 253 (10.3%)
Resigned Simon John MORAN 22 Jul 2008 31 Oct 2012 Sales And Mkt Director British 3 - 31 (16.7%)
Resigned Annette Marie BARNES 22 Jul 2008 13 Aug 2010 Business Ops & Transformation Executive British 0 - 40 (0.0%)
Resigned Ian Ashley CRAIG 22 Jul 2008 31 Oct 2012 Customer Services Executive British 2 - 153 (17.6%)
Resigned Ian O'DOHERTY 09 Oct 2007 31 Oct 2012 Company Director Irish 0 - 81 (12.5%)
Resigned Nicholas Charles William PEARCE 06 Mar 2007 31 Oct 2012 Chief Executive Officer British 0 - 112 (18.2%)
Resigned Donna Wendy PUMFREY 06 Mar 2007 15 Dec 2009 Solicitor British 0 - 102 (20.0%)
Resigned Robert Andrew ALLAN 31 Jan 2006 31 Oct 2012 Chartered Accountant British 0 - 62 (33.3%)
Resigned Michele Sylvia GREENE 31 Jan 2006 31 Oct 2012 Company Director Irish 0 - 2310 (43.5%)
Resigned Michael RHODES 31 Jan 2006 01 Oct 2007 Banking Executive American 0 - 72 (28.6%)
Resigned Shane Grahame FLYNN 26 Mar 2004 31 Jan 2006 Banker Irish 0 - 82 (25.0%)
Resigned Francis Heath OTENASEK 27 Jan 2004 27 Jan 2004 Banker Usa 0 - 71 (14.3%)
Resigned Salvatore Andrew DE ANGELO 27 Jan 2004 31 Jan 2006 Banking American 0 - 1811 (61.1%)
Resigned Robin RUSSELL 27 Jan 2004 01 Apr 2005 Banker British 0 - 5527 (49.1%)
Resigned Charles KRULAK 27 Jan 2004 19 Mar 2004 Director American 0 - 61 (16.7%)
Resigned Richard Kenneth STRUTHERS 27 Jan 2004 31 Jan 2006 Banker American 0 - 72 (28.6%)
Resigned Kenneth GARROD 06 Dec 2001 01 Feb 2007 Chartered Accountant British 0 - 51 (20.0%)
Resigned Stephen Roger ROBINSON 20 Oct 2000 27 Jan 2004 Director British 0 - 31 (33.3%)
Resigned Robert Michael FRY 20 Oct 2000 09 Mar 2001 Director British 0 - 21 (50.0%)
Resigned Graham Fraser PUTTERGILL 03 Jul 2000 19 Aug 2005 Company Director British 0 - 4123 (56.1%)
Resigned Clyde Robert WHITTAKER 22 Jan 1999 27 Jan 2004 Company Director British 1 - 21 (33.3%)
Resigned Nicholas Charles PEARCE 22 Jan 1999 27 Jan 2004 Company Director British 0 - 65 (83.3%)
Resigned Simon John MORAN 22 Jan 1999 27 Jan 2004 Sales Executive British 0 - 31 (33.3%)
Resigned Sharon Patricia BECKETT 01 Jan 1998 27 Jan 2004 Company Director British 0 - 101 (10.0%)
Resigned Michele Ann JOHNSON 01 Jan 1998 27 Jan 2004 Company Director British 0 - 10 (0.0%)
Resigned Mary Patricia SIMPSON 01 Jan 1998 27 Jan 2004 Company Director British 1 - 53 (50.0%)
Resigned David John HENDER 01 Jan 1998 17 Jul 2002 Chartered Accountant British 2 - 113 (23.1%)
Resigned Derek WHITTICK 02 Jan 1997 29 Dec 2000 Company Director British 0 - 40 (0.0%)
Resigned Leon Du Toit STOFFBERG 22 Aug 1996 21 Nov 2001 Director British 0 - 83 (37.5%)
Resigned Michael Harold COBB 01 Jan 1995 29 Nov 2001 Director South African 0 - 31 (33.3%)
Resigned Anthony Philip HOPE 01 Apr 1993 22 Aug 1996 Insurance & Financial Services British 0 - 2512 (48.0%)
Resigned William Thomas HENDER 04 Jan 1993 31 Dec 1998 Chartered Accountant British 0 - 81 (12.5%)
Resigned Colin Alan RINGROSE 16 Jul 1992 31 Oct 2002 Director British 0 - 41 (25.0%)
Resigned Leon Du Toit STOFFBERG 30 Dec 1994 Chartered Accountant British 0 - 83 (37.5%)
Resigned Derek WHITTICK 22 Aug 1996 Credit Administrator British 0 - 40 (0.0%)
Number of active directors: 8
Average tenure of active directors: 3.4 years
Average tenure of resigned directors: 4.0 years
Average active director Dissolution Rate: 1.3%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
AGEAS SERVICES (UK) LIMITED (00179136) - Active
AGEAS INSURANCE LIMITED (00354568) - Active
AGEAS (UK) LIMITED (01093301) - Active
AGEAS RETAIL LIMITED (01324965) - Active
PREMIUM CREDIT LIMITED (02015200) - Active
VENDCROWN LIMITED (03208019) - Active
DIRECT DEBIT MANAGEMENT SERVICES LIMITED (03584755) - Active
AA LIMITED (05149111) - Active
THREE14 LTD (05951209) - Liquidation
CHARLOTTE OLYMPIA HOLDINGS LIMITED (07476866) - Liquidation
REASSURE FSH UK LIMITED (07717278) - Active
MIZZEN BIDCO LIMITED (08156446) - Active
MIZZEN MEZZCO LIMITED (08179245) - Active
MIZZEN MEZZCO 2 LIMITED (08229813) - Active
PARTNERSHIP ASSURANCE GROUP LIMITED (08419490) - Active
MIZZEN MIDCO LIMITED (08996429) - Active
POMEGRANATE ACQUISITIONS LIMITED (09380192) - Active
POMEGRANATE MIDCO LIMITED (09426317) - Active
MERCURY ACQUISITIONS LIMITED (09878664) - Active
MERCURY MIDCO 1 LIMITED (09918862) - Active
MERCURY MIDCO 2 LIMITED (09919328) - Active
NEWDAY GROUP UK LIMITED (10438970) - Active
MILANESE UK HOLDCO LIMITED (10462034) - Active
ARTEMIS ACQUISITIONS (UK) LIMITED (11081809) - Active
ENSCO 1330 LIMITED (11877576) - Active
PRECEDE CAPITAL PARTNERS LIMITED (13083943) - Active
AZZURRI HOLDINGS LIMITED (FC038127) - Active
BASING MIDCO LIMITED (FC038285) - Active
BASING HOLDCO LIMITED (FC038291) - Active
BASING CONSORTIUMCO LIMITED (FC038292) - Active
BASING BIDCO LIMITED (FC038294) - Active
BASING TOPCO LIMITED (FC038358) - Active
PLATINUM CREDIT MIDCO LIMITED (FC040649) - Active
PLATINUM CREDIT HOLDCO LIMITED (FC040690) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-03-052015-03-052014-03-052013-03-052012-03-05
VENDCROWN LIMITEDA ORDINARY10,000
50%
10,000
50%
0
0%
10,000
100%
10,000
100%
VENDCROWN LIMITEDORDINARY10,000
50%
10,000
50%
0
0%
0
0%
0
0%
VENDCROWN LIMITEDA ORDENARY0
0%
0
0%
10,000
100%
0
0%
0
0%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PREMIUM CREDIT LIMITED

Controlled companies below

LATE PAYMENTS REPORT


Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
2023-07-01 2023-12-31 22 1% 33% 80169
2023-01-01 2023-06-30 21 1% 31% 73374
2022-07-01 2022-12-31 22 3% 32% 66131
2022-01-01 2022-06-30 22 2% 30% 59172
2021-07-01 2021-12-31 22 3% 28% 53851
2021-01-01 2021-06-30 23 3% 28% 45783
2020-07-01 2020-12-31 23 3% 29% 38917
2020-01-01 2020-06-30 23 4% 31% 33395
2019-07-01 2019-12-31 24 3% 31% 26050
2019-01-01 2019-06-30 23 3% 41% 18809
2018-07-01 2018-12-31 24 2% 45% 10383
2018-01-01 2018-06-30 22 3% 42% 3271


COURT CASES


Date Title Reference Subject
2018-10-30 Premium Credit Ltd v Primary Care Management Solutions Ltd & Ors [2018] EWHC 3083 (Comm)
2018-10-30 Premium Credit Ltd v Primary Care Management Solutions Ltd & Ors [2018] EWHC 3083 (Comm)

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64921 Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
BMW FINANCIAL SERVICES (GB) LIMITED SUMMIT ONE, SUMMIT AVENUE, FARNBOROUGH, ENGLAND, GU14 0FB 01288537 2017-12-31 870,090,000 231,774,000
CAPITAL ONE (EUROPE) PLC TRENT HOUSE, STATION STREET, NOTTINGHAM, NG2 3HX 03879023 2017-12-31 566,574,000 166,706,000
PARAGON BANKING GROUP PLC 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, UNITED KINGDOM, B91 3QJ 02336032 2018-09-30 451,900,000 145,800,000
PROVIDENT PERSONAL CREDIT LIMITED NO. 1, GODWIN STREET, BRADFORD, WEST YORKSHIRE, BD1 2SU 00146091 2018-12-31 339,900,000 -81,800,000
NEWDAY CARDS LTD 7 HANDYSIDE STREET, LONDON, ENGLAND, N1C 4DA 04134880 2018-12-31 259,100,000 26,200,000
RCI FINANCIAL SERVICES LIMITED RIVERS OFFICE PARK DENHAM WAY, MAPLE CROSS, RICKMANSWORTH, ENGLAND, WD3 9YS 03302462 2017-12-31 234,871,000 35,078,000
AMIGO LOANS LTD UNIT 11A,, THE AVENUE CENTRE, BOURNEMOUTH, ENGLAND, BH2 5RP 04841153 2018-03-31 210,600,000 72,200,000
ARROW GLOBAL LIMITED BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW 05606545 2017-12-31 153,292,000 2,254,000
CREATION CONSUMER FINANCE LIMITED WELLINGTON BUILDINGS 6TH FLOOR, WELLINGTON BUILDINGS, 2 - 4 WELLINGTON STREET, BELFAST, NORTHERN IRELAND, BT1 6HT NI032565 2017-12-31 127,785,000 29,541,000
HOME RETAIL GROUP CARD SERVICES LIMITED 33 HOLBORN, LONDON, ENGLAND, EC1N 2HT 04007072 2018-02-28 127,117,000 9,734,000
PREMIUM CREDIT LIMITED ERMYN HOUSE, ERMYN WAY, LEATHERHEAD, ENGLAND, KT22 8UX 02015200 2017-12-31 119,133,000 43,946,000
CREATION FINANCIAL SERVICES LIMITED CHADWICK HOUSE, BLENHEIM COURT, SOLIHULL, WEST MIDLANDS, B91 2AA 01091883 2017-12-31 86,676,000 28,024,000
ADVANTAGE FINANCE LIMITED 2 STRATFORD COURT C/O S&U PLC CRANMORE BOULEVARD, SHIRLEY, SOLIHULL, ENGLAND, B90 4QT 03773673 2018-01-31 78,882,000 24,458,000
S.D. TAYLOR LIMITED 11TH FLOOR LANDMARK ST PETER'S SQUARE, 1 OXFORD ST, MANCHESTER, M1 4PB 00550055 2017-12-31 50,741,000 1,513,000
WELLS FARGO CAPITAL FINANCE (UK) LIMITED 33 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4R 9AT 02656007 2017-12-31 48,978,000 20,394,000
BLEMAIN FINANCE LIMITED LAKE VIEW, LAKESIDE, CHEADLE, CHESHIRE, SK8 3GW 01185052 2018-06-30 47,500,000 8,800,000
FIRST RESPONSE FINANCE LIMITED 5 REGAN WAY, CHETWYND BUSINESS PARK, CHILWELL, NOTTINGHAM, NOTTINGHAMSHIRE, UNITED KINGDOM 03560611 2018-03-31 41,023,376 11,684,534
THE CAR FINANCE COMPANY (2007) LTD THE OLD TOWN HALL, 71 CHRISTCHURCH ROAD, RINGWOOD, BH24 1DH 06060536 2018-06-30 21,835,000 -16,791,000
OAKMORE INVESTMENTS LIMITED 98 LIVERPOOL ROAD, FORMBY, LIVERPOOL, ENGLAND, L37 6BS 10321045 2017-12-31 20,334,041 0
MUTUAL CLOTHING & SUPPLY COMPANY LIMITED 39/43 BEDFORD STREET SOUTH, LEICESTER, LE1 3JN 00181701 2017-12-31 19,464,000 965,000
PARAGON FINANCE PLC 51 HOMER ROAD, SOLIHULL, WEST MIDLANDS, B91 3QJ 01917566 2018-09-30 13,244,000 12,255,000
PARTNERSHIP HOME LOANS LIMITED ENTERPRISE HOUSE, BANCROFT ROAD, REIGATE, SURREY, ENGLAND, RH2 7RP 05108846 2017-12-31 118,339 -447,895
CLB GLOBAL GROUP LTD 21 THE GATEWAY, WATFORD, HERTFORDSHIRE, WD18 7HW 07011241 2018-12-31 60,083 0
ROBIN OF HEATHFIELD LIMITED ELDERBURY HOUSE, HOWARDS THICKET, GERRARDS CROSS, BUCKINGHAMSHIRE, SL9 7NU 09245948 2018-09-30 18,417 0
RAVSPEED LTD 12 VICTORIA BUNGALOWS, MAIDSTONE ROAD, SIDCUP, ENGLAND, DA14 5BB 09442820 2018-03-31 14,489 0
REVLINK LIMITED UNIT 53 CARIOCCA BUSINESS PARK 2 HELLIDON CLOSE, ARDWICK, MANCHESTER, ENGLAND, M12 4AH 07209905 2018-03-31 800 0 68209-Other letting and operating of own or leased real estate
70210-Public relations and communications activities
70229-Management consultancy activities other than financial management
GLF LIMITED 7 PORCHESTER PLACE, LONDON, ENGLAND, W2 2BS 06758130 2017-12-31 0 0
ARROW GLOBAL INVESTMENTS HOLDINGS LIMITED BELVEDERE, 12 BOOTH STREET, MANCHESTER, UNITED KINGDOM, M2 4AW 06568603 0000-00-00 0 0
INTERNATIONAL PERSONAL FINANCE PLC 26 WHITEHALL ROAD, LEEDS, UNITED KINGDOM, LS12 1BE 06018973 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
PREMIUM CREDIT LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 0.5% 3.3% 9.3% Medium
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.7% 2.2% 3.8% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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