NEWDAY LTD

7 HANDYSIDE STREET, LONDON, N1C 4DA

Previous name: PROGRESSIVE CREDIT LIMITED (changed on 01-Apr-2014)

Company Number: 07297722
Incorporation date: 28-Jun-2010
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 13.8 years old and is currently active. It is controlled by Newday Cards Ltd. The company has positive equity (net assets) of GBP 18.4 million which has decreased from the previous year's figure of GBP 18.4 million. The latest reported revenue figure is GBP 6.1 million which is similar to the previous year's figure of GBP 6.1 million. The company has 9 active officers (directors or partners) who are or were officers of 37 other companies, 3 (8.1%) 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 is one court case 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
05-Mar-2020 GBP 6,100,000 3,800,000
31-Dec-2019 GBP 6,100,000 3,800,000
31-Dec-2018 GBP 5,600,000 5,100,000
31-Dec-2017 GBP 5,442,000 1,642,000 1,767,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
05-Mar-2020 GBP 1,200,000 15,900,000 18,400,000
31-Dec-2019 GBP 1,200,000 15,900,000 18,400,000
31-Dec-2018 GBP 1,200,000 12,100,000 14,600,000
31-Dec-2017 GBP 1,167,000 6,958,000 26,519,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Dec-2018 GBP 2.75% 33,000 1,167,000 1,200,000 1,183,500
* 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 Stuart WHITTY-LEWIS 01 Jan 2024 29 Mar 2024 1 - 0
Resigned Stephen Alexander ROWLAND 01 Mar 2011 22 Dec 2023 0 - 1
Resigned Michael Leslie SAYS 26 Aug 2010 01 Mar 2011 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active John Patrick HOURICAN 16 Oct 2019 Ceo Irish 18 - 01 (5.6%)
Active Michael Derek Vaughan, Sir RAKE 09 May 2018 Chairman British 3 - 00 (0.0%)
Active Robert HOLT 21 Sep 2017 Chief Credit And Collections Officer British 1 - 00 (0.0%)
Active Paul Nigel SHERIFF 04 Mar 2016 Chief Financial Officer British 10 - 00 (0.0%)
Resigned Ian Richard CORFIELD 19 Dec 2014 01 Jan 2024 Chief Commercial Officer British 0 - 10 (0.0%)
Active Mark Stephen EYRE 26 Sep 2014 Chief Risk Officer British 1 - 00 (0.0%)
Active Rupert Graham KEELEY 01 Jul 2014 Chief Executive Officer British 2 - 20 (0.0%)
Resigned Mary Catherine PHIBBS 07 Feb 2014 26 Jan 2017 Non-Executive Director And Risk Consultant British, 11 - 112 (9.1%)
Resigned Alan Renatus Frederick HUGHES 07 Feb 2014 26 Jan 2017 Banker British 3 - 72 (20.0%)
Active Sanjay SHARMA 29 Apr 2013 Chief Operating Officer British 1 - 00 (0.0%)
Resigned Douglas John RICHARDS 29 Apr 2013 04 Mar 2016 Chief Financial Officer British 0 - 80 (0.0%)
Active Alison REED 30 Oct 2012 Chartered Accountant British 1 - 00 (0.0%)
Resigned Ali Riaz CHAUDHRY 27 Sep 2011 29 May 2014 Managing Director Pakistani 0 - 10 (0.0%)
Resigned George Malcolm WILLIAMSON 26 Aug 2010 31 Mar 2020 Director British 0 - 20 (0.0%)
Resigned Allan Henry Phillips SILVERMAN 26 Aug 2010 29 Apr 2013 Managing Director British 0 - 21 (50.0%)
Resigned Michael Leslie SAYS 26 Aug 2010 29 Apr 2013 Chief Financial Officer United Kingdom 1 - 165 (29.4%)
Resigned Brian LOEHR 26 Aug 2010 26 Mar 2011 Company Director American 0 - 10 (0.0%)
Resigned Richard Terrell LANGSTAFF 26 Aug 2010 30 Nov 2011 Company Director British 1 - 2210 (43.5%)
Resigned John Leonard, Lord EATWELL 26 Aug 2010 26 Jan 2017 Professor Of Financial Policy & President Of Queen British 0 - 274 (14.8%)
Resigned John CREWE 26 Aug 2010 31 Mar 2013 Consultant British 1 - 81 (11.1%)
Active James Bernard CORCORAN 28 Jun 2010 Non-Executive Director British,Irish 5 - 264 (12.9%)
Number of active directors: 9
Average tenure of active directors: 8.9 years
Average tenure of resigned directors: 3.9 years
Average active director Dissolution Rate: 2.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
IWEB (UK) LIMITED (01385075) - Dissolved
AUTOMOBILE ASSOCIATION PERSONAL FINANCE LIMITED (01772586) - Active
HALIFAX CREDIT CARD LIMITED (02207188) - Active
HSDL NOMINEES LIMITED (02249630) - Active
HALIFAX PREMISES LIMITED (02355871) - Active
SHARE DEALING NOMINEES LIMITED (02583340) - Active
EVERBYTE LIMITED (02632672) - Active
TINNITUS UK (02709302) - Active
VISA UK LIMITED (02744892) - Active
HALIFAX NOMINEES LIMITED (02791465) - Active
HALIFAX SHARE DEALING LIMITED (03195646) - Active
GENSAR DESIGN LIMITED (03986659) - Dissolved
NEWDAY CARDS LTD (04134880) - Active
NEWDAY RESERVE FUNDING LTD (06305245) - Active
THE UK CARDS ASSOCIATION LIMITED (07066141) - Active
THRUVISION GROUP PLC (07149547) - Active
NEWDAY LTD (07297722) - Active
NEWDAY INTERMEDIATE HOLDINGS LIMITED (07753556) - Active
NEWDAY HOLDINGS LTD (07795882) - Active
NEWDAY FUNDING TRANSFEROR LTD (08206590) - Active
NEWDAY PARTNERSHIP TRANSFEROR PLC (08331325) - Active
PROGRESSIVE CREDIT LIMITED (08796577) - Active
SAV CREDIT LIMITED (08812286) - Active
NEWDAY TECHNOLOGY LTD (08812602) - Active
NEWDAY LOYALTY LIMITED (08818968) - Active
NEWDAY MIDCO LIMITED (10208963) - Dissolved
NEWDAY 2017 LIMITED (10209064) - Active
UK FINANCE LIMITED (10250295) - Active
NEWDAY UPL TRANSFEROR LTD (10375517) - Active - Proposal to Strike off
NEWDAY GROUP UK LIMITED (10438970) - Active
NEWDAY UK LIMITED (10440054) - Active
NEWDAY BONDCO PLC (10466251) - Active
B42 INVESTMENTS (10756211) - Active
THE CORCORAN FOUNDATION (10764357) - Active
NEWDAY PARTNERSHIP TERTIARY FUNDING LTD (11549518) - Active
NEWDAY GROUP PLC (13665450) - Active
BANK OF SCOTLAND CENTRAL NOMINEES LIMITED (SC011371) - Active
BANK OF SCOTLAND BRANCH NOMINEES LIMITED (SC190386) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2016-06-282015-06-282014-06-282013-06-282012-06-28
NEWDAY CARDS LTDORDINARY1,166,933
100%
1,166,933
100%
1,166,933
100%
0
0%
0
0%
SAV CREDIT LIMITEDORDINARY0
0%
0
0%
0
0%
1,166,933
100%
1,166,933
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

NEWDAY LTD

no controlled companies

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
2018-01-22 Mrs Z Roberts v NewDay Ltd and Others [2018] UKET 1802039/2017 Disability Discrimination

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
NEWDAY LTD 0.7% 3.6% 7.1% Medium
Other companies Active in the same sector 0.5% 3.3% 9.3% 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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