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Trustee company financial model, built free.

A three-statement Excel model for a trustee company, built from your own figures and checked to balance.

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  • Usually ready within the hour

We use generative AI in parts of our process, so mistakes can occur. Every model should be checked by a person before it is relied on. Read more

The business

Licensed trustee acting as responsible entity, custodian, debt and securitisation trustee, and executor and trustee for estates and personal trusts, earning fees on funds under supervision, mandates and estates.

See the sampleHow the model works

In short

  • 01

    Three linked statements

    Income statement, balance sheet and cash flow, linked in every period.

  • 02

    Valued two ways

    Discounted cash flow and trading multiples, side by side.

  • 03

    Monthly to annual

    Monthly, quarterly, half-yearly or annual periods, for up to 30 years.

  • 04

    Checked every period

    A Checks sheet shows the balance sheet balances and the cash reconciles.

The sample

The sample, as Excel draws it.

Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.

Annual · 10 years · Low detail
Trustee company sample model.xlsx
The Summary sheet of the sample trustee company model

Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.

How it works

How the model works for a trustee company.

  1. How it earns revenue3 formulas
    Trustee, estate and corporate trust fees · The business
    Trustee, responsible entity and estate feesResponsible entity and wholesale trustee feesCustody and corporate trust feesPersonal trust and estate fees
    Trustee, estate and corporate trust fees · The business
    Funds under supervision at the end of the periodResponsible entity FUS at the end of the periodCorporate trust FUS at the end of the periodPersonal trusts FUS at the end of the period
    Trustee, estate and corporate trust fees · The business
    Average FUS × yearsResponsible entity FUS at the start of the periodCorporate trust FUS at the start of the periodPersonal trusts FUS at the start of the periodFunds under supervision at the end of the periodshare of the year
  2. What drives its costs3 formulas
    Headcount and payroll · The business
    Total salariesDirect labourSales and customer serviceAdministration and financeManagement
    Headcount and payroll · The business
    Total staff costsTotal salariesOn-costs
    Headcount and payroll · The business
    Direct labour costsTotal staff costsDirect labour share of salaries
  3. What it invests in3 formulas
    Corporate fixed assets
    Capital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
    Corporate fixed assets
    DepreciationDepreciation of the opening asset baseDepreciation of new capex
    Corporate fixed assets
    Closing net book valueOpening net book valueCapital expenditureDepreciation
  4. How it is funded3 formulas
    Debt
    RepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweep
    Debt
    Closing balanceOpening balanceDrawdownsRepayments
    Debt
    Interest expenseOpening balanceAll-in interest rateshare of the year
  5. How profit becomes cash3 formulas
    Working capital
    Trade receivablesRevenuefrom statementsDebtor daysDays in period
    Working capital
    InventoryDirect costs (positive)from statementsInventory daysDays in period
    Working capital
    Trade payablesCash operating costs (positive)from statementsCreditor daysDays in period
What it covers

16 parts, each one tested.

Every part is a tested building block with its own checks: yours is put together from the ones your business needs.

  • CPI forecastConsensus curve with long-run anchor
  • Operating expensesHeadcount build by function
  • Corporate costsFixed cost base indexed to CPI
  • Working capitalFull working capital
  • Income taxCorporate rate with tax losses
  • Corporate fixed assetsStraight-line over remaining life
  • DebtAmortising term loan
  • Dividends and distributionsPayout of net profit
  • Discounted cash flow valuationDCF on free cash flow to the firm
  • Multiples valuationEV / EBITDA multiple
  • Licence capital and liquidity requirements (non-banks)NTA and liquidity requirementMinimum capital, net tangible assets and liquid funds required of licensed non-bank firms, and the surplus available for dividends.
  • Trustee, estate and corporate trust feesFunds under supervision × fee rateFees for acting as trustee, responsible entity, custodian or executor — on funds under supervision, mandates and estates.
  • LeasesLease register
  • Key-metric summaryLast-twelve-month and run-rate metrics
  • Headcount and payrollFTEs by department x loaded cost
  • Case selectionStackable stress toggles
Key numbers

The numbers it tracks.

  1. 01funds under supervision
  2. 02mandates
  3. 03estates administered
  4. 04fee margin
  5. 05EBITDA margin
Used for

What it is used for.

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Every financial services model

Looking for a trustee company financial model template? Ours arrives built for your business, with your figures in it.

See a finished model, sheet by sheet

The sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.