primelease limited
primelease limited Company Information
Group Structure
View All
Industry
Development of building projects
Registered Address
heaton house, 148 bury old road, manchester, M7 4SE
Website
-primelease limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMELEASE LIMITED at £74k based on a Turnover of £232.7k and 0.32x industry multiple (adjusted for size and gross margin).
primelease limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMELEASE LIMITED at £0 based on an EBITDA of £-1 and a 2.51x industry multiple (adjusted for size and gross margin).
primelease limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMELEASE LIMITED at £6k based on Net Assets of £4.2k and 1.41x industry multiple (adjusted for liquidity).
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Primelease Limited Overview
Primelease Limited is a live company located in manchester, M7 4SE with a Companies House number of 01291520. It operates in the development of building projects sector, SIC Code 41100. Founded in December 1976, it's largest shareholder is melodor ltd with a 100% stake. Primelease Limited is a mature, micro sized company, Pomanda has estimated its turnover at £232.7k with low growth in recent years.
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Primelease Limited Health Check
Pomanda's financial health check has awarded Primelease Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £232.7k, make it smaller than the average company (£2.3m)
- Primelease Limited
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6%)
- Primelease Limited
6% - Industry AVG
Production
with a gross margin of 9.1%, this company has a higher cost of product (26.2%)
- Primelease Limited
26.2% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (7.5%)
- Primelease Limited
7.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Primelease Limited
6 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Primelease Limited
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £77.6k, this is less efficient (£278.4k)
- Primelease Limited
£278.4k - Industry AVG
Debtor Days
it gets paid by customers after 75 days, this is later than average (27 days)
- Primelease Limited
27 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (31 days)
- Primelease Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Primelease Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Primelease Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.8%, this is a higher level of debt than the average (73.6%)
91.8% - Primelease Limited
73.6% - Industry AVG
PRIMELEASE LIMITED financials
Primelease Limited's latest turnover from March 2024 is estimated at £232.7 thousand and the company has net assets of £4.2 thousand. According to their latest financial statements, Primelease Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,077 | 2,809 | 8,181 | 4,635 | 6,139 | 6,097 | 6,145 | 6,264 | |||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 6,352 | 7,500 | 7,373 | 7,144 | 6,576 | 6,652 | 6,661 | ||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 3,077 | 2,809 | 8,181 | 4,635 | 6,139 | 6,097 | 6,145 | 6,264 | 6,352 | 7,500 | 7,373 | 7,144 | 6,576 | 6,652 | 6,661 |
| Stock & work in progress | 51,676 | 53,222 | 53,222 | 57,642 | 59,189 | 59,189 | 59,189 | ||||||||
| Trade Debtors | 48,337 | 48,583 | 48,582 | 48,694 | 48,675 | 59,870 | 59,771 | 60,105 | 7,280 | 6,527 | 7,519 | ||||
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 18,820 | 25,295 | 15,661 | 8,510 | 4,358 | 7,874 | |||||||||
| misc current assets | |||||||||||||||
| total current assets | 48,337 | 48,583 | 48,582 | 48,694 | 48,675 | 59,870 | 59,771 | 60,105 | 70,496 | 78,517 | 68,883 | 66,152 | 70,827 | 73,590 | 66,708 |
| total assets | 51,414 | 51,392 | 56,763 | 53,329 | 54,814 | 65,967 | 65,916 | 66,369 | 76,848 | 86,017 | 76,256 | 73,296 | 77,403 | 80,242 | 73,369 |
| Bank overdraft | 581 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 44,793 | 46,016 | 51,116 | 47,663 | 48,848 | 60,121 | 58,076 | 61,723 | 72,201 | 81,522 | 71,761 | 68,801 | 72,908 | 75,747 | 68,293 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 44,793 | 46,016 | 51,116 | 47,663 | 48,848 | 60,121 | 58,076 | 61,723 | 72,201 | 81,522 | 71,761 | 68,801 | 72,908 | 75,747 | 68,874 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 2,386 | 1,140 | 1,140 | 1,020 | 1,320 | 1,200 | |||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 2,386 | 1,140 | 1,140 | 1,020 | 1,320 | 1,200 | |||||||||
| total liabilities | 47,179 | 47,156 | 52,256 | 48,683 | 50,168 | 61,321 | 58,076 | 61,723 | 72,201 | 81,522 | 71,761 | 68,801 | 72,908 | 75,747 | 68,874 |
| net assets | 4,235 | 4,236 | 4,507 | 4,646 | 4,646 | 4,646 | 7,840 | 4,646 | 4,647 | 4,495 | 4,495 | 4,495 | 4,495 | 4,495 | 4,495 |
| total shareholders funds | 4,235 | 4,236 | 4,507 | 4,646 | 4,646 | 4,646 | 7,840 | 4,646 | 4,647 | 4,495 | 4,495 | 4,495 | 4,495 | 4,495 | 4,495 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -51,676 | -1,546 | -4,420 | -1,547 | 59,189 | ||||||||||
| Debtors | -246 | 1 | -112 | 19 | -11,195 | 99 | -334 | 60,105 | -7,280 | 753 | -992 | 7,519 | |||
| Creditors | -1,223 | -5,100 | 3,453 | -1,185 | -11,273 | 2,045 | -3,647 | -10,478 | -9,321 | 9,761 | 2,960 | -4,107 | -2,839 | 7,454 | 68,293 |
| Accruals and Deferred Income | 1,246 | 120 | -300 | 120 | 1,200 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -6,352 | -1,148 | 127 | 229 | 568 | -76 | -9 | 6,661 | |||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -18,820 | -6,475 | 9,634 | 7,151 | 4,152 | -3,516 | 7,874 | ||||||||
| overdraft | -581 | 581 | |||||||||||||
| change in cash | -18,820 | -6,475 | 9,634 | 7,151 | 4,152 | -3,516 | 8,455 | -581 |
primelease limited Credit Report and Business Information
Primelease Limited Competitor Analysis
Perform a competitor analysis for primelease limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in M 7 area or any other competitors across 12 key performance metrics.
primelease limited Ownership
PRIMELEASE LIMITED group structure
Primelease Limited has no subsidiary companies.
primelease limited directors
Primelease Limited currently has 2 directors. The longest serving directors include Mr Henry Neumann (Feb 2000) and Mr Hyman Weiss (Mar 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Henry Neumann | England | 68 years | Feb 2000 | - | Director |
| Mr Hyman Weiss | 64 years | Mar 2004 | - | Director |
P&L
March 2024turnover
232.7k
+2%
operating profit
-1
0%
gross margin
9.1%
-3.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
4.2k
0%
total assets
51.4k
0%
cash
0
0%
net assets
Total assets minus all liabilities
primelease limited company details
company number
01291520
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 1976
age
49
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
heaton house, 148 bury old road, manchester, M7 4SE
Bank
BARCLAYS BANK PLC
Legal Advisor
-
primelease limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 11 charges/mortgages relating to primelease limited. Currently there are 9 open charges and 2 have been satisfied in the past.
primelease limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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primelease limited Companies House Filings - See Documents
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