PLATA FINANCE LIMITED

FROBISHER HOUSE, SOUTHBROOK ROAD, SOUTHAMPTON, SO15 1GX

Previous name: ZOPA LIMITED (changed on 08-Jul-2022)
Previous name: RIALTO EXCHANGE LIMITED (changed on 17-Jan-2005)
Previous name: WCPHD1 LIMITED (changed on 27-Sep-2004)

Company Number: 05197592
Incorporation date: 04-Aug-2004
Status: Active
Entity type: Private Limited Company

SIC codes:
64929 Other credit granting not elsewhere classified





SUMMARY

This company is 19.7 years old and is currently active. It is controlled by multiple entities. The company has positive equity (net assets) of GBP 33.4 million which has increased from GBP 16.2 million in the previous year. The latest reported revenue figure is GBP 40.3 million which is down -20% on the previous year. Retained earnings is negative (GBP -32.1 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 3 active officers (directors or partners) who are or were officers of 38 other companies, 11 (28.9%) 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 no court cases involving the company that we are aware of.


FINANCIALS (BETA)

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


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Dec-2019 GBP 40,263,000 40,263,000 194,000 285,000 2,083,000
31-Dec-2018 GBP 47,584,000 -3,618,000 10,000 839,000 984,000
31-Dec-2017 GBP 46,488,357 95,898 15,594 1,342,678 1,454,170


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Dec-2019 GBP 2,976,000 200,000 5,816,000 -32,127,000 33,403,000
31-Dec-2018 GBP 3,939,000 15,308,000 200,000 5,816,000 -34,638,000 16,159,000
31-Dec-2017 GBP 7,937,652 18,003,069 199,824 5,815,640 -35,532,790 14,198,535

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 0.09% 536 608,555 609,091 -5,329,503
* 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)
Resigned Oluwaseyi FALUSI 22 Jun 2020 10 Feb 2022 0 - 1
Resigned Olivia BRODERICK 20 Jun 2017 22 May 2020 0 - 1
Resigned Giles Edward Charles ANDREWS 14 Jan 2011 30 Jan 2019 0 - 1
Resigned Steven HOY 14 Oct 2008 14 Jan 2011 0 - 1
Resigned Giles Edward Charles ANDREWS 06 May 2008 14 Oct 2008 Company Executive British 10 - 12
Resigned Simon Joshua DEANE JOHNS 27 Sep 2004 29 Feb 2008 0 - 19
Resigned WCPHD SECRETARIES LIMITED 04 Aug 2004 27 Sep 2004 0 - 156

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Patrick Joseph NAPOLI 10 Nov 2023 Director American 1 - 00 (0.0%)
Active Nicholas ASPINALL 10 Feb 2022 Director British 26 - 2723 (43.4%)
Active Scott Christopher JONES 10 Feb 2022 Director American 17 - 31 (5.0%)
Resigned Michael Charles WOODBURN 28 Mar 2019 10 Feb 2022 Director British 3 - 112 (14.3%)
Resigned Natasha WEAR 28 Mar 2019 31 May 2022 Chief Executive Officer British 0 - 10 (0.0%)
Resigned Doris HONOLD 30 Jan 2019 10 Feb 2022 Director German 4 - 30 (0.0%)
Resigned Zitah MCMILLAN-WARD 13 Sep 2018 31 Dec 2021 Director British 1 - 20 (0.0%)
Resigned Christine FARNISH 04 May 2018 11 Jul 2023 Director British 0 - 61 (16.7%)
Resigned Jaidev JANARDANA 23 Oct 2014 15 Jun 2020 Coo British 2 - 51 (14.3%)
Resigned Greg Sean JACKSON 21 Dec 2011 22 Jan 2018 Director British 15 - 92 (8.3%)
Resigned Rowan GORMLEY 17 Nov 2010 21 Dec 2011 Wine Merchant Irish 0 - 238 (34.8%)
Resigned Douglas Hamilton DOLTON 16 Aug 2007 09 Nov 2010 Director British And Us 0 - 10 (0.0%)
Resigned Giles Edward Charles ANDREWS 17 Oct 2006 14 Sep 2018 Ceo British 10 - 123 (13.6%)
Resigned Richard Greer DUVALL 27 Sep 2004 16 Oct 2006 Director British 0 - 20 (0.0%)
Resigned James ALEXANDER 27 Sep 2004 13 Aug 2007 Financial Director British 4 - 63 (30.0%)
Resigned WCPHD DIRECTORS LIMITED 04 Aug 2004 27 Sep 2004 0 - 6033 (55.0%)
Number of active directors: 3
Average tenure of active directors: 1.5 years
Average tenure of resigned directors: 3.9 years
Average active director Dissolution Rate: 16.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
CAMBRIDGE PLACE LIMITED (04493681) - Active
CAMBRIDGE PLACE PARTNERS (UK) LIMITED (05137567) - Active
PLATA FINANCE LIMITED (05197592) - Active
CAMBRIDGE PLACE HOLDINGS (UK) LIMITED (05405420) - Active
BAMBOO LIMITED (05629336) - Active
CAMBRIDGE PLACE MORTGAGE MANAGEMENT SERVICES LIMITED (06721911) - Dissolved
CAMBRIDGE PLACE PROPERTY SERVICES LIMITED (06730907) - Dissolved
THE SAVINGS BANK LIMITED (06759010) - Dissolved
TH&SB HOLDINGS LIMITED (07065724) - Dissolved
TH&SB SERVICES LIMITED (07068728) - Dissolved
THE HOME & SAVINGS LIMITED (08714410) - Dissolved
FINANTIA 4 LIMITED (08902345) - Dissolved
FINANTIA 3 LIMITED (08902354) - Dissolved
FINANTIA 5 LIMITED (08902358) - Dissolved
FINANTIA 2 LIMITED (08902391) - Dissolved
CAMBRIDGE PLACE UK FINANCE LIMITED (08985998) - Dissolved
FB NOMINEES LIMITED (08986446) - Active
CAMBRIDGE PLACE ADVISORS LIMITED (09042836) - Active
JAJA FINANCE LTD (09797750) - Active
BAMBOO TOPCO LIMITED (10516979) - Active
ZOPA GROUP LIMITED (10624955) - Active
ZOPA BANK LIMITED (10627575) - Active
RIMBAL HOLDINGS LIMITED (11013618) - Active
SHAMROCK SPV LIMITED (11975588) - Active
JAJA FINANCE HOLDING (UK) LIMITED (11990299) - Active
SILVERSTRIPE ADVISERS LIMITED (12357704) - Active
BAMBOO 1 LENDING LIMITED (13057826) - Active
BAMBOO 2 LENDING LIMITED (13057853) - Active
SILVERSTRIPE CREDIT AND TECHNOLOGIES LIMITED (13057857) - Active
UNION STREET CAPITAL LIMITED (13253107) - Active
CLOVER JFL LIMITED (13526768) - Active - Proposal to Strike off
PLATA HOLDINGS UK LIMITED (13530148) - Active
SILVERSTRIPE PARTNERS LIMITED (13685289) - Active
SILVERSTRIPE INVESTMENT MANAGEMENT LIMITED (13685719) - Active
RIMBAL FINANCIAL HOLDINGS LIMITED (13732126) - Active
RIMBAL FINANCE LIMITED (13732632) - Active
RIMBAL FINANCE ASSET HOLDINGS LIMITED (13733136) - Active
RF GROUP SERVICES LIMITED (13735849) - Active
PLATA OPERATIONS LIMITED (13901711) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2020-08-042015-08-042014-08-042013-08-042012-08-04
ZOPA GROUP LIMITEDORDINARY199,824
100%
0
0%
0
0%
0
0%
0
0%
ZOPA HOLDINGS INCORDINARY0
0%
199,824
100%
199,824
100%
199,824
100%
199,824
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

PLATA FINANCE 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
2020-01-01 2020-06-30 28 8% 42% 34407
2019-07-01 2019-12-31 24 4% 32% 28518
2019-01-01 2019-06-30 23 3% 32% 20143


COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64929 Other credit granting not elsewhere classified)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
SHOP DIRECT FINANCE COMPANY LIMITED FIRST FLOOR, SKYWAYS HOUSE,, SPEKE ROAD, SPEKE, LIVERPOOL, UNITED KINGDOM, L70 1AB 04660974 2018-06-30 415,200,000 -49,700,000 64999-Financial intermediation not elsewhere classified
TOYOTA FINANCIAL SERVICES (UK) PLC GREAT BURGH, BURGH HEATH, EPSOM, SURREY, KT18 5UZ 02299961 2018-03-31 310,182,000 96,897,000
HONDA FINANCE EUROPE PLC CAIN ROAD, BRACKNELL, BERKSHIRE, RG12 1HL 03289418 2018-03-31 74,021,000 25,551,000
FUNDING CIRCLE LTD 71 QUEEN VICTORIA STREET, LONDON, ENGLAND, EC4V 4AY 06968588 2017-12-31 68,400,000 500,000
PREPAID FINANCIAL SERVICES LIMITED 4TH FLOOR, 35 GREAT ST. HELEN'S, LONDON, ENGLAND, EC3A 6AP 06337638 2017-12-31 44,788,302 2,690,976
WPG FINANCE LIMITED GROUND FLOOR, 30 CITY ROAD, LONDON, EC1Y 2AB 08478860 2018-04-30 34,758,353 29,025,729
WPG FINANCE LIMITED GROUND FLOOR, 30 CITY ROAD, LONDON, EC1Y 2AB 08478860 2018-04-30 34,758,353 0
WPG TREASURY LIMITED GROUND FLOOR, 30 CITY ROAD, LONDON, EC1Y 2AB 08478907 2018-04-30 17,528,768 0
MATURA FINANCE LIMITED 30 CITY ROAD, LONDON, EC1Y 2AB 08000680 2018-04-30 4,681,778 0
WP SECURED LIMITED GROUND FLOOR, 30 CITY ROAD, LONDON, EC1Y 2AB 07884258 2017-04-30 1,225,645 0
NMVC SPV ONE LIMITED 2-4 PACKHORSE ROAD, GERRARDS CROSS, BUCKINGHAMSHIRE, UNITED KINGDOM, SL9 7QE 09105494 2017-12-31 1,177,186 0
HASLEBROW FINANCE LIMITED THE COPPER ROOM DEVA CITY OFFICE PARK, TRINITY WAY, MANCHESTER, ENGLAND, M3 7BG 00804402 2017-06-30 468,384 0
NEWBERY ACCOUNTANCY LIMITED THE FINCHES, HALSTEAD ROAD EIGHT ASH GREEN, COLCHESTER, COLCHESTER, ESSEX, UNITED KINGDOM, CO6 3PU 10386522 2018-09-30 100,750 0
HOME CREDIT FINANCE LTD HEMPSTEAD MANOR FARM, HEMPSTEAD LANE, UCKFIELD, ENGLAND, TN22 3DL 07953728 2018-08-31 99,070 0
THE CO-OPERATIVE LOAN FUND LIMITED C/O COOP AND COMMUNITY FINANCE 1 - 3 GLOUCESTER ROAD, BISHOPSTON, BRISTOL, ENGLAND, BS7 8AA 05670633 2017-12-31 76,921 0 64999-Financial intermediation not elsewhere classified
PARAGON INVESTMENT CAPITAL LTD THE NEW COACH HOUSE, BARRACK LANE, TRURO, ENGLAND, TR1 2DW 09033295 2018-05-31 54,264 0
TALAN AND CO LTD 25 TARRY WAY, BOUGHTON, NORTHAMPTON, UNITED KINGDOM, NN2 8GP 07627643 2018-05-31 41,000 0
WEFINDANYLOAN LIMITED 35-37 OFFICE 7, LUDGATE HILL, CITY OF LONDON, ENGLAND, EC4M 7JN 09934381 2017-10-31 33,300 0
T & R FINANCE LIMITED T & R FINANCE, PO BOX 770, LLANISHEN, CARDIFF, CF14 6XZ 04162980 2018-03-31 27,993 0
OZZY GROUPS LIMITED 57 CRANELL GREEN, SOUTH OCKENDON, ENGLAND, RM15 6BB 10300483 2018-09-30 27,017 0 80100-Private security activities
81299-Other cleaning services
CAPITAL FINANCE (LONDON) LIMITED CAPITAL FINANCE (LONDON) LIMITED, 152-154 ESSEX ROAD, LONDON, UNITED KINGDOM, N1 8LY 04624547 2018-12-31 22,803 0
EQUFUND LIMITED HAMMOND HOUSE, 1A NORTH ROAD, WEST KIRBY, CH48 4DE 02518230 2017-12-31 8,000 0
CAH INVESTMENTS LIMITED CRESTA WARE STREET, BEARSTED, MAIDSTONE, KENT, ENGLAND, ME14 4PG 09609055 2018-05-31 0 0
CLARENDON PREMIUM FINANCE LIMITED LUKIN WOOD, MORTIMER, READING, BERKSHIRE, RG7 3RH 02218015 2018-12-31 0 0
FINTECH PREMIUM FINANCE LTD 41 HIGH STREET NORTH, LANGLEY MOOR, DURHAM, ENGLAND, DH7 8JG 10345787 2018-04-30 0 0
MACC INVEST LTD 29 HOUSE O'HILL RD, BLACKHALL, EDINBURGH, EH4 2AJ SC451900 2018-06-30 0 0
SILVERMARSH LIMITED MHA HOUSE CHARTER COURT, PHOENIX WAY, SWANSEA ENTERPRISE PARK, SWANSEA, WALES, SA7 9FS 10591561 2018-01-31 0 0
THAMES VALLEY ASSET FINANCE LIMITED 7 WEST MILLS YARD, NEWBURY, BERKSHIRE, ENGLAND, RG14 5LP 05880332 2018-07-31 0 0
THE WEEKLY PAID CLUB LIMITED 178 DEYES LANE, LIVERPOOL, ENGLAND, L31 9AW 09587221 2018-05-31 0 0
ZEINDLER EUROPEAN PROPERTY GROUP PLC BRIDGE HOUSE, 4 BOROUGH HIGH STREET, LONDON, UNITED KINGDOM, SE1 9QR 10460734 2017-11-30 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
PLATA FINANCE LIMITED 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 0.8% 2.3% 6.6% Medium
Age 0.4% 1.7% 3.3% 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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