IMPACT HOLDINGS PLC
Buys - 3250 @ 87.4999p and 2536 @ 91p
What does it do?The core strategy of Impact Holdings (UK) plc is that through its individual subsidiaries the Group provides short term funding solutions, loans administration, accounting, IT and infrastructure support services in two specific categories:
1. The legal market;
2. Property based bridging and development market.
Impact will also look at other bespoke funding opportunities where serviceability precludes
mainstream lenders from entering the space
Impact Costs Limited
Impact Funding Solutions Ltd
Impact differentiates itself to its target market through Speed, Service, Innovation, Transparency and Flexibility. This delivery affords the pricing model. All Loans will attach to a case specific event, with a clear range of exit possibilities.
The blend of relationships and skills within Impact is unique and will engender a high level of interest in the service offered and quality introductions.
Impact Bridging Solutions Ltd
You will not find Impact in the yellow pages – it works purely via business referral through a selected network of professional introducers such as Finance brokers, banks, solicitors, accountants, insolvency practitioners, property agents and other finance providers.
Impact is dedicated to the timely provision of property backed bridging finance. Whatever the challenge Impact has the necessary in-house skills and commerciality to ensure a highly professional approach and rapid delivery of funds.
Sutherland Professional Funding Ltd
Based at Impact’s Head Office in Manchester, Sutherland operates throughout the UK and establishes and maintains strong relationships with the practices to, and through, which it provides finance.
Sutherland offers finance both to law firms and individual clients of legal practices in relation to:-
- Personal injury fees and outlays funding; and
- General fees and outlays funding.
ShareholdersMercantile Investment Company Limited - 28.29%
John G Russell (Transport) Limited - 23.2%
JG Russell - 11.55%
G.J. Litster - 8.01%
R Kilsby - 5.92%
P.J.Davies - 3.79%
Impact Benefit Trustee Ltd - 3.15%
So FF or non-notifiable percentage = 16.09%
|£ Millions||£ Millions||£ Millions||£ Millions||£ Millions|
|Income Statement||31 Mar '15||31 Mar '14||31 Mar '13||31 Mar '12||31 Mar '11|
|Operating Profit / Loss||0.25||(2.98)||0.05||0.31||0.30|
|Pre tax Profit||0.25||0.10||0.05||0.31||0.30|
|Post tax Profit||0.26||0.10||0.04||0.31||0.30|
|Profit for the Period||0.26||0.10||0.04||0.31||0.30|
|Equity Holders of Parent Company||0.26||0.10||0.04||0.31||0.30|
Current Mcap - £2.5mill
Cash - £1.6mill
EV - £0.9mill
Net Assets = £5.84mill
Now the raw figure of £250k pre tax profit for last year doesnt tell the entire story. The second half actually contributed around £490k as the first half had considerable legal expenses to try and regain loans. This was money well spent as they have been awared £1mill from AIG http://www.lse.co.uk/share-regulatory-news.asp?shareprice=IHUK&ArticleCode=929opbfx&ArticleHeadline=Update_on_Litigation
Valuations (stockopedia)Discounted cash flow implied valuation = 115.1p
Relative to sector = 300.01p
Net current asset value = 166p
Net net working capital = 123.64p
Tangible book value = 206.63p
|Price to Book Value||0.40 (industy median 1.16)|
|Price to Tang. Book||0.43 (Industry median 1.29)|
|Price to Free Cashflow||1.80 (industry median 1.85)|
|Price to Sales||1.15 (industry median 2.32)|
|EV to EBITDA||2.38 (industry median 56.6)|
Piotroski F-Score 9/9