ULTIMATE FINANCE GROUP LIMITED

FIRST FLOOR, EQUINOX NORTH GREAT PARK ROAD, BRADLEY STOKE, BRISTOL, BS32 4QL

Company Number: 04350565
Incorporation date: 10-Jan-2002
Status: Active
Entity type: Private Limited Company

SIC codes:
64992 Factoring





SUMMARY

This company is 22.2 years old and is currently active. It is controlled by Bentley Park (Uk) Limited. The company has positive equity (net assets) of GBP 5.8 million which has decreased from the previous year's figure of GBP 10.2 million. The latest reported revenue figure is GBP 35 million which is up 10% on previous year's figure of GBP 31.9 million. Retained earnings is negative (GBP -24.9 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 22 other companies. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: GROUP (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 34,976,000 -4,058,000 -385,000
31-Dec-2018 GBP 31,930,000 -4,246,000 15,000 991,000
31-Dec-2017 GBP 26,657,000 -5,371,000 9,000 -145,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 26,663,000 269,848,000 241,059,000 24,113,000 24,266,000 6,450,000 -24,923,000 5,793,000
31-Dec-2018 GBP 36,521,000 236,459,000 227,639,000 24,266,000 6,450,000 10,227,000
31-Dec-2017 GBP 11,964,000 139,784,000 150,064,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 100.00% 30,716,000 0 30,716,000 -8,884,500
* 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 Neil Armstrong MCMYN 28 Jul 2015 28 Mar 2024 1 - 0
Resigned David Jonathan BLAIN 30 Jun 2014 28 Jul 2015 0 - 1
Resigned Shane HORSELL 10 Mar 2006 30 Jun 2014 Finance Director British 1 - 30
Resigned Darren Telfer NEWMAN 28 Nov 2003 01 Dec 2005 Accountant British 0 - 13
Resigned Derek Francis ASHFORD 24 May 2002 28 Nov 2003 Finance Director British 2 - 25

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Joshua Marc LEVY 04 Apr 2019 Company Director British 15 - 00 (0.0%)
Active Neil Armstrong MCMYN 18 Sep 2015 Director And Company Secretary British 10 - 80 (0.0%)
Resigned Ronald Alexander ROBSON 28 Jul 2015 04 Apr 2019 Company Director British 16 - 11069 (54.8%)
Resigned James Dominic BROOKE 22 Oct 2013 28 Jul 2015 Director British 7 - 219 (32.1%)
Resigned David Jonathan BLAIN 22 Oct 2013 28 Jul 2015 Chartered Accountant British 3 - 252 (7.1%)
Resigned Roger MCDOWELL 23 Nov 2011 28 Jul 2015 Managing Director British 0 - 10 (0.0%)
Resigned Matthew COOPER 23 Nov 2011 18 May 2015 Managing Director British 0 - 10 (0.0%)
Resigned Jonathan David Selby CRANSTON 01 Nov 2010 31 Aug 2015 Managing Director British 0 - 10 (0.0%)
Resigned Shane HORSELL 10 Mar 2006 30 Jun 2014 Finance Director British 1 - 308 (25.8%)
Resigned Darren Telfer NEWMAN 11 Nov 2004 01 Dec 2005 Accountant British 0 - 131 (7.7%)
Resigned Mark Jonathan HARRIS 22 Oct 2002 11 Nov 2004 Accountant British 4 - 6724 (33.8%)
Resigned Jeremy Howard COOMBES 24 May 2002 18 Sep 2015 Director British 2 - 184 (20.0%)
Resigned Clive Richard GARSTON 24 May 2002 31 Mar 2012 Solicitor British 2 - 3717 (43.6%)
Resigned Richard Elliot Michael LEE 24 May 2002 23 Nov 2011 Corporate Strategist British 0 - 269 (34.6%)
Resigned Derek Francis ASHFORD 24 May 2002 13 Dec 2007 Finance Director British 2 - 254 (14.8%)
Resigned Richard John PEPLER 24 May 2002 23 Nov 2011 Director British 0 - 81 (12.5%)
Resigned Brian Richard SUMNER 24 May 2002 24 Oct 2007 Director British 0 - 92 (22.2%)
Resigned HALLIWELLS DIRECTORS LIMITED 10 Jan 2002 24 May 2002 0 - 563280 (49.7%)
Resigned HALLIWELLS SECRETARIES LIMITED 10 Jan 2002 24 May 2002 0 - 775401 (51.7%)
Resigned HL SECRETARIES LIMITED 10 Jan 2002 24 May 2002 0 - 10557 (54.3%)
Number of active directors: 2
Average tenure of active directors: 6.8 years
Average tenure of resigned directors: 4.7 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
TIMEWEAVE LIMITED (00957155) - Active
ASHLEY FINANCE LIMITED (02797120) - Active
RENOVO LTD (03622770) - Active
ULTIMATE ASSET FINANCE LIMITED (04325203) - Active
ULTIMATE FACTORS LIMITED (04325207) - Active
ULTIMATE TRADE FINANCE LIMITED (04325211) - Active
ULTIMATE FINANCE LIMITED (04325262) - Active
ULTIMATE FINANCE GROUP LIMITED (04350565) - Active
MITCHELLS & BUTLERS PLC (04551498) - Active
BIZHELP24 LIMITED (04987846) - Active
ULTIMATE FINANCE HOLDINGS LIMITED (05427608) - Active
ULTIMATE BRIDGING FINANCE LIMITED (08093131) - Active
CAPITAL AUDITS LIMITED (08185541) - Active
ULTIMATE CONSTRUCTION FINANCE LIMITED (08284235) - Active
ULTIMATE ACCELERATED PAYMENTS LIMITED (08284283) - Active
ULTIMATE BUSINESS FINANCE LIMITED (08486872) - Active
INTERNATIONAL TURF CLUB LIMITED (09515566) - Active
BENTLEY PARK (UK) LIMITED (09515595) - Active
ASIAN RACING MEDIA LIMITED (10158113) - Active
AVENUE INSURANCE PARTNERS LIMITED (10322051) - Active
TUDOR STREET OPCO LIMITED (11013089) - Active
ULTIMATE BRIDGING FINANCE NO. 2 LIMITED (12678108) - Active
MAYFAIR CAPITAL INVESTMENTS UK LIMITED (SC433948) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2021-01-102018-01-102017-01-102016-01-102015-01-10
BENTLEY PARK (UK) LIMITEDORDINARY85,324,700
100%
485,324,700
100%
75,324,700
100%
0
0%
0
0%
RENOVO GROUP PLCORDINARY0
0%
0
0%
0
0%
75,324,700
100%
75,324,700
100%

SHAREHOLDINGS (BETA)

Company name Share class Shares at confimation date
2017-11-202016-11-202015-11-07
ULTIMATE FINANCE GROUP LIMITEDORDINARY2
100%
2
50%
2
50%
ULTIMATE FINANCE GROUP LIMITEDORDINARY0
0%
2
50%
2
50%

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

ULTIMATE FINANCE GROUP LIMITED

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


Date Title Reference Subject
2019-07-23 Mr I Kelly v Ultimate Finance Group Ltd [2019] UKET 2400091/2019 Unfair Dismissal

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64992 Factoring)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
MACQUARIE COMMODITIES (UK) LIMITED ROPEMAKER PLACE, 28 ROPEMAKER STREET, LONDON, EC2Y 9HD 05259474 2018-03-31 19,781,087 2,035,906 64999-Financial intermediation not elsewhere classified
APEX FACTORS LTD 15 STRAWBERRY AVENUE, LAWFORD, MANNINGTREE, ENGLAND, CO11 2DR 06695900 2018-03-31 354,915 0
FREELANCER INVOICING SERVICES LIMITED 39 ST ANDREWS ROAD, WARMINSTER, WILTSHIRE, BA12 8ES 05698463 2018-03-31 50,695 0
MEDEX FACTORS LTD 17 SKELTON CLOSE, LAWFORD, MANNINGTREE, ESSEX, ENGLAND, CO11 2HT 04941625 2018-03-31 24,672 0 69202-Bookkeeping activities
BB AUTO SERVICES LIMITED 38 MANNINGTON PARK, SWINDON, UNITED KINGDOM, SN2 2EJ 10265667 2017-07-31 24,009 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
ULTIMATE FINANCE GROUP LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector Too few competitors
Age 0.3% 1.3% 2.4% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.6% 2.4% 5.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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