Course financial planning and control Essay Example | Topics and Well Written Essays - 4750 words

Course pecuniary planning and control - Essay ExampleAs per Robert Bootle, frugal advisor, Mondaq, coming courses exit present plenty of opportunities for Londons financial hub and it testament be positioned as number one in the world. The ongoing globalization process will open new international markets. London has a strong track record for developing and trading new products. It is positioned European centre for new financial services. But there is an emerging threat from new Asian Global Financial centres. However once China and India, the two major new players, gets richer, they will turn to UK, thus helping the suppuration of the UKs financial services sector. In UK consumer spending regained momentum and along with other sectors gives sign of rec overy of UK economy over past few long time. At the start of 1990s the financial services sector accounted for 5% of the GDP, whereas now it stands at 9%.Its total assets at the year ending of 2005 stands to 5,988,300, comp ard t o its competitors GE Capital UK bread and butter (8,058,303), Provident Financial PLC (1,979,300) CW Lending Ltd. (2,616,735) and Cattles PLC (1,925,918). It has 115,920,724 nos. of shares at a market cap 738,415,012. Its net tangible assets stands at 5,917,600 compared to GE Capital UK Fundings 4,702,618, CW Lending Ltd.s ,2,498,929, Provident Financial PLCs 1,348,600 and Cattles PLCs 1,469,941. ... igher than most of the other competitors like Provident Financial PLC (5%), Cattles PLC (3%)employed 7%, which is slightly lower to GE capital UK Funding (8%) and CW lending Ltd (9%), but higher than most of the other competitors like Provident Financial PLC (5%), Cattles PLC (3%)The come with is in the business of1. Car Finance2. Home progression finance3. Mortgages4. Personal Finance and5. Retail Finance.As per the statement of Jonathan P. L. Perry, Chairman, published in companys Annual Report the group has performed strongly in the year 2005, produced growth in profit and loan as sets. The Groups strategy of multi-brand products yielded good result. Paragon Mortgage Trust brand is well developed. The housing loan market is strong and expanding. The company has reduced its portfolio risks by reducing consumer loan from 36% in 2002 to 13.4% in 2005.Unsecured personal loan also is reduced from 319.9 million at 30th folks 2002 to 180 million at 30 September 2005, which is 2.8% of the total loan book. With the surplus funds company has repurchased 1,790,000 shares and has a 20 million repurchase program. The risks perceived are global economic shut down and prolonged slowdown in household borrowing growth.Now analyzing the financial statements for last 5 yearsWe find that the surpass on shareholders Funds are reducing over the years except in the year 2004 when there was a slight recovery. (1999 - 29.78, 2000 - 25.78, 2001 - 24.32, 2002 - 22.91, 2003 - 23.04, 2004 - 26.45, 2005 - 24.94). Whereas the Return on shareholders fund shown by Provident Financial PLC i s much higher at in the range of 57.19 to 60.08 during last 4 years. Net tangible assets are increasing over the years making it to the highest at 5,917,600 in the year 2005. The liquidity ratio is