promethean limited
promethean limited Company Information
Company Number
01308938
Next Accounts
Sep 2025
Shareholders
promethean (holdings) ltd
Group Structure
View All
Industry
Manufacture of electronic components
Registered Address
promethean house lower philips, road whitebirk industrial estate, blackburn, lancashire, BB1 5TH
Website
www.prometheanworld.compromethean limited Estimated Valuation
Pomanda estimates the enterprise value of PROMETHEAN LIMITED at £106.3m based on a Turnover of £84m and 1.27x industry multiple (adjusted for size and gross margin).
promethean limited Estimated Valuation
Pomanda estimates the enterprise value of PROMETHEAN LIMITED at £97.6m based on an EBITDA of £13m and a 7.49x industry multiple (adjusted for size and gross margin).
promethean limited Estimated Valuation
Pomanda estimates the enterprise value of PROMETHEAN LIMITED at £79.3m based on Net Assets of £35.5m and 2.23x industry multiple (adjusted for liquidity).
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Promethean Limited Overview
Promethean Limited is a live company located in blackburn, BB1 5TH with a Companies House number of 01308938. It operates in the manufacture of electronic components sector, SIC Code 26110. Founded in April 1977, it's largest shareholder is promethean (holdings) ltd with a 100% stake. Promethean Limited is a mature, large sized company, Pomanda has estimated its turnover at £84m with declining growth in recent years.
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Promethean Limited Health Check
Pomanda's financial health check has awarded Promethean Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 7 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
7 Weak
Size
annual sales of £84m, make it larger than the average company (£21.3m)
£84m - Promethean Limited
£21.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (7.3%)
-16% - Promethean Limited
7.3% - Industry AVG
Production
with a gross margin of 14%, this company has a higher cost of product (30.4%)
14% - Promethean Limited
30.4% - Industry AVG
Profitability
an operating margin of 4.6% make it less profitable than the average company (6.8%)
4.6% - Promethean Limited
6.8% - Industry AVG
Employees
with 174 employees, this is above the industry average (88)
174 - Promethean Limited
88 - Industry AVG
Pay Structure
on an average salary of £83.2k, the company has a higher pay structure (£48.1k)
£83.2k - Promethean Limited
£48.1k - Industry AVG
Efficiency
resulting in sales per employee of £482.7k, this is more efficient (£181.5k)
£482.7k - Promethean Limited
£181.5k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is later than average (51 days)
62 days - Promethean Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 130 days, this is slower than average (37 days)
130 days - Promethean Limited
37 days - Industry AVG
Stock Days
it holds stock equivalent to 37 days, this is less than average (91 days)
37 days - Promethean Limited
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (18 weeks)
4 weeks - Promethean Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.4%, this is a higher level of debt than the average (40.7%)
73.4% - Promethean Limited
40.7% - Industry AVG
PROMETHEAN LIMITED financials
Promethean Limited's latest turnover from December 2023 is £84 million and the company has net assets of £35.5 million. According to their latest financial statements, Promethean Limited has 174 employees and maintains cash reserves of £7.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 83,988,000 | 179,084,000 | 204,971,000 | 143,709,000 | 96,706,000 | 135,407,000 | 97,798,000 | 108,024,000 | 79,206,000 | 86,088,000 | 100,858,000 | 115,137,000 | 159,512,000 | 174,772,000 | 153,875,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 72,196,000 | 153,175,000 | 177,076,000 | 117,354,000 | 72,376,000 | 109,785,000 | 80,911,000 | 88,457,000 | 70,766,000 | 68,657,000 | 78,682,000 | 90,046,000 | 103,408,000 | 110,754,000 | 91,490,000 |
| Gross Profit | 11,792,000 | 25,909,000 | 27,895,000 | 26,355,000 | 24,330,000 | 25,622,000 | 16,887,000 | 19,567,000 | 8,440,000 | 17,431,000 | 22,176,000 | 25,091,000 | 56,104,000 | 64,018,000 | 62,385,000 |
| Admin Expenses | 7,961,000 | 21,371,000 | 19,941,000 | 13,853,000 | 15,936,000 | 19,530,000 | 16,838,000 | 45,336,000 | 38,474,000 | 31,783,000 | 37,265,000 | 58,895,000 | 49,322,000 | 28,458,000 | 39,299,000 |
| Operating Profit | 3,831,000 | 4,538,000 | 7,954,000 | 12,502,000 | 8,394,000 | 6,092,000 | 49,000 | -25,769,000 | -30,034,000 | -14,352,000 | -15,089,000 | -33,804,000 | 6,782,000 | 35,560,000 | 23,086,000 |
| Interest Payable | 39,000 | 68,000 | 93,000 | 122,000 | 1,128,000 | 1,103,000 | 1,666,000 | 1,858,000 | 944,000 | 312,000 | 209,000 | 197,000 | 198,000 | 183,000 | 93,000 |
| Interest Receivable | 367,000 | 636,000 | 746,000 | 989,000 | 1,242,000 | 1,188,000 | 1,707,000 | 1,722,000 | 1,524,000 | 1,445,000 | 1,554,000 | 1,556,000 | 1,570,000 | 1,462,000 | 1,346,000 |
| Pre-Tax Profit | 4,159,000 | 5,106,000 | 8,607,000 | 13,369,000 | 8,508,000 | 6,177,000 | 92,000 | -25,905,000 | -29,454,000 | -13,219,000 | -13,744,000 | -32,445,000 | 8,154,000 | 36,839,000 | 24,339,000 |
| Tax | -228,000 | 3,430,000 | 11,552,000 | -74,000 | -24,000 | -14,000 | -18,000 | -27,000 | 370,000 | -200,000 | 1,565,000 | 2,287,000 | -1,700,000 | -4,279,000 | -4,739,000 |
| Profit After Tax | 3,931,000 | 8,536,000 | 20,159,000 | 13,295,000 | 8,484,000 | 6,163,000 | 74,000 | -25,932,000 | -29,084,000 | -13,419,000 | -12,179,000 | -30,158,000 | 6,454,000 | 32,560,000 | 19,600,000 |
| Dividends Paid | 10,000,000 | ||||||||||||||
| Retained Profit | 3,931,000 | 8,536,000 | 20,159,000 | 13,295,000 | 8,484,000 | 6,163,000 | 74,000 | -25,932,000 | -29,084,000 | -13,419,000 | -12,179,000 | -30,158,000 | -3,546,000 | 32,560,000 | 19,600,000 |
| Employee Costs | 14,482,000 | 16,165,000 | 15,483,000 | 13,787,000 | 13,174,000 | 12,731,000 | 13,008,000 | 12,907,000 | 14,384,000 | 15,402,000 | 18,514,000 | 21,756,000 | 24,798,000 | 26,145,000 | 20,912,000 |
| Number Of Employees | 174 | 196 | 195 | 193 | 189 | 209 | 194 | 219 | 248 | 256 | 271 | 376 | 378 | 430 | 369 |
| EBITDA* | 13,027,000 | 11,049,000 | 14,317,000 | 17,554,000 | 11,840,000 | 8,881,000 | 3,370,000 | -19,612,000 | -24,481,000 | -7,683,000 | -5,936,000 | -24,198,000 | 13,581,000 | 40,355,000 | 26,673,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 485,000 | 1,182,000 | 1,336,000 | 1,221,000 | 1,373,000 | 825,000 | 1,293,000 | 2,422,000 | 3,542,000 | 4,515,000 | 2,779,000 | 3,830,000 | 8,183,000 | 7,950,000 | 8,088,000 |
| Intangible Assets | 24,192,000 | 18,491,000 | 13,767,000 | 12,335,000 | 10,455,000 | 5,479,000 | 3,610,000 | 2,174,000 | 11,471,000 | 18,141,000 | 14,219,000 | 16,533,000 | 18,328,000 | 13,051,000 | 6,772,000 |
| Investments & Other | 97,000 | 55,982,000 | 52,477,000 | 97,000 | 97,000 | 97,000 | 97,000 | 19,580,000 | 19,580,000 | 19,950,000 | 19,950,000 | 23,531,000 | 23,531,000 | 19,788,000 | |
| Debtors (Due After 1 year) | 57,452,000 | ||||||||||||||
| Total Fixed Assets | 82,226,000 | 75,655,000 | 67,580,000 | 13,653,000 | 11,925,000 | 6,401,000 | 5,000,000 | 4,596,000 | 34,593,000 | 42,236,000 | 36,948,000 | 40,313,000 | 50,042,000 | 44,532,000 | 34,648,000 |
| Stock & work in progress | 7,369,000 | 17,359,000 | 17,762,000 | 17,934,000 | 11,708,000 | 12,355,000 | 4,326,000 | 5,882,000 | 6,007,000 | 6,273,000 | 4,810,000 | 9,278,000 | 6,778,000 | 6,574,000 | 6,315,000 |
| Trade Debtors | 14,462,000 | 9,133,000 | 13,349,000 | 10,584,000 | 16,449,000 | 6,741,000 | 8,521,000 | 10,067,000 | 4,440,000 | 7,943,000 | 10,629,000 | 12,473,000 | 15,594,000 | 10,690,000 | 8,360,000 |
| Group Debtors | 18,211,000 | 9,535,000 | 34,746,000 | 58,079,000 | 55,404,000 | 63,378,000 | 64,959,000 | 66,510,000 | 40,775,000 | 40,784,000 | 42,375,000 | 44,531,000 | 47,385,000 | 51,164,000 | 49,270,000 |
| Misc Debtors | 4,382,000 | 4,401,000 | 1,801,000 | 781,000 | 2,135,000 | 2,038,000 | 1,726,000 | 1,840,000 | 2,030,000 | 3,022,000 | 2,930,000 | 3,347,000 | 5,543,000 | 4,248,000 | 2,091,000 |
| Cash | 7,070,000 | 12,396,000 | 8,626,000 | 13,195,000 | 6,555,000 | 17,467,000 | 10,025,000 | 844,000 | 2,034,000 | 2,694,000 | 12,987,000 | 6,365,000 | 18,140,000 | 11,892,000 | 17,160,000 |
| misc current assets | |||||||||||||||
| total current assets | 51,494,000 | 52,824,000 | 76,284,000 | 100,573,000 | 92,251,000 | 101,979,000 | 89,557,000 | 85,143,000 | 55,286,000 | 60,716,000 | 73,731,000 | 75,994,000 | 93,440,000 | 84,568,000 | 83,196,000 |
| total assets | 133,720,000 | 128,479,000 | 143,864,000 | 114,226,000 | 104,176,000 | 108,380,000 | 94,557,000 | 89,739,000 | 89,879,000 | 102,952,000 | 110,679,000 | 116,307,000 | 143,482,000 | 129,100,000 | 117,844,000 |
| Bank overdraft | 57,000 | ||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 25,808,000 | 26,279,000 | 11,597,000 | 23,499,000 | 16,663,000 | 16,855,000 | 10,963,000 | 11,620,000 | 12,661,000 | 9,660,000 | 4,669,000 | 3,081,000 | 5,215,000 | 6,077,000 | 7,875,000 |
| Group/Directors Accounts | 55,224,000 | 11,762,000 | 50,547,000 | 31,950,000 | 84,299,000 | 96,673,000 | 63,438,000 | 53,594,000 | 65,146,000 | 54,026,000 | 49,414,000 | 42,820,000 | 38,456,000 | 22,808,000 | 35,511,000 |
| other short term finances | 3,574,000 | 3,001,000 | |||||||||||||
| hp & lease commitments | 169,000 | 210,000 | 187,000 | 148,000 | 170,000 | ||||||||||
| other current liabilities | 7,905,000 | 7,187,000 | 5,828,000 | 4,621,000 | 7,845,000 | 10,128,000 | 8,474,000 | 6,873,000 | 5,171,000 | 5,992,000 | 12,783,000 | 13,770,000 | 13,278,000 | 7,829,000 | 5,891,000 |
| total current liabilities | 89,106,000 | 45,438,000 | 68,159,000 | 60,218,000 | 108,977,000 | 123,656,000 | 82,875,000 | 75,661,000 | 85,979,000 | 69,678,000 | 66,866,000 | 59,671,000 | 56,949,000 | 36,714,000 | 49,334,000 |
| loans | 43,618,000 | 43,622,000 | 43,623,000 | 32,073,000 | 34,023,000 | 843,000 | |||||||||
| hp & lease commitments | 296,000 | 469,000 | 559,000 | 740,000 | |||||||||||
| Accruals and Deferred Income | 427,000 | ||||||||||||||
| other liabilities | 2,957,000 | 983,000 | 1,671,000 | 2,101,000 | |||||||||||
| provisions | 5,826,000 | 6,367,000 | 6,358,000 | 5,375,000 | 4,845,000 | 3,491,000 | 4,539,000 | 5,059,000 | 2,972,000 | 3,471,000 | 685,000 | 1,838,000 | 2,097,000 | 4,857,000 | 3,443,000 |
| total long term liabilities | 9,079,000 | 51,437,000 | 52,637,000 | 51,099,000 | 5,585,000 | 3,491,000 | 36,612,000 | 39,082,000 | 2,972,000 | 3,471,000 | 685,000 | 1,838,000 | 2,097,000 | 4,857,000 | 4,286,000 |
| total liabilities | 98,185,000 | 96,875,000 | 120,796,000 | 111,317,000 | 114,562,000 | 127,147,000 | 119,487,000 | 114,743,000 | 88,951,000 | 73,149,000 | 67,551,000 | 61,509,000 | 59,046,000 | 41,571,000 | 53,620,000 |
| net assets | 35,535,000 | 31,604,000 | 23,068,000 | 2,909,000 | -10,386,000 | -18,767,000 | -24,930,000 | -25,004,000 | 928,000 | 29,803,000 | 43,128,000 | 54,798,000 | 84,436,000 | 87,529,000 | 64,224,000 |
| total shareholders funds | 35,535,000 | 31,604,000 | 23,068,000 | 2,909,000 | -10,386,000 | -18,767,000 | -24,930,000 | -25,004,000 | 928,000 | 29,803,000 | 43,128,000 | 54,798,000 | 84,436,000 | 87,529,000 | 64,224,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 3,831,000 | 4,538,000 | 7,954,000 | 12,502,000 | 8,394,000 | 6,092,000 | 49,000 | -25,769,000 | -30,034,000 | -14,352,000 | -15,089,000 | -33,804,000 | 6,782,000 | 35,560,000 | 23,086,000 |
| Depreciation | 442,000 | 497,000 | 422,000 | 415,000 | 651,000 | 916,000 | 1,340,000 | 1,110,000 | 1,490,000 | 1,250,000 | 1,936,000 | 3,021,000 | 2,693,000 | 2,123,000 | 1,515,000 |
| Amortisation | 8,754,000 | 6,014,000 | 5,941,000 | 4,637,000 | 2,795,000 | 1,873,000 | 1,981,000 | 5,047,000 | 4,063,000 | 5,419,000 | 7,217,000 | 6,585,000 | 4,106,000 | 2,672,000 | 2,072,000 |
| Tax | -228,000 | 3,430,000 | 11,552,000 | -74,000 | -24,000 | -14,000 | -18,000 | -27,000 | 370,000 | -200,000 | 1,565,000 | 2,287,000 | -1,700,000 | -4,279,000 | -4,739,000 |
| Stock | -9,990,000 | -403,000 | -172,000 | 6,226,000 | -647,000 | 8,029,000 | -1,556,000 | -125,000 | -266,000 | 1,463,000 | -4,468,000 | 2,500,000 | 204,000 | 259,000 | 6,315,000 |
| Debtors | 71,438,000 | -26,827,000 | -19,548,000 | -4,544,000 | 1,831,000 | -3,049,000 | -3,211,000 | 31,172,000 | -4,504,000 | -4,185,000 | -4,417,000 | -8,171,000 | 2,420,000 | 6,381,000 | 59,721,000 |
| Creditors | -471,000 | 14,682,000 | -11,902,000 | 6,836,000 | -192,000 | 5,892,000 | -657,000 | -1,041,000 | 3,001,000 | 4,991,000 | 1,588,000 | -2,134,000 | -862,000 | -1,798,000 | 7,875,000 |
| Accruals and Deferred Income | 718,000 | 932,000 | 1,634,000 | -3,224,000 | -2,283,000 | 1,654,000 | 1,601,000 | 1,702,000 | -821,000 | -6,791,000 | -987,000 | 492,000 | 5,449,000 | 1,938,000 | 5,891,000 |
| Deferred Taxes & Provisions | -541,000 | 9,000 | 983,000 | 530,000 | 1,354,000 | -1,048,000 | -520,000 | 2,087,000 | -499,000 | 2,786,000 | -1,153,000 | -259,000 | -2,760,000 | 1,414,000 | 3,443,000 |
| Cash flow from operations | -48,943,000 | 57,332,000 | 36,304,000 | 19,940,000 | 9,511,000 | 10,385,000 | 8,543,000 | -47,938,000 | -17,660,000 | -4,175,000 | 3,962,000 | -18,141,000 | 11,084,000 | 30,990,000 | -26,893,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -55,885,000 | 3,505,000 | 52,380,000 | 97,000 | -19,580,000 | -370,000 | -3,581,000 | 3,743,000 | 19,788,000 | ||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 43,462,000 | -38,785,000 | 18,597,000 | -52,349,000 | -12,374,000 | 33,235,000 | 9,844,000 | -11,552,000 | 11,120,000 | 4,612,000 | 6,594,000 | 4,364,000 | 15,648,000 | -12,703,000 | 35,511,000 |
| Other Short Term Loans | -3,574,000 | 573,000 | 3,001,000 | ||||||||||||
| Long term loans | -43,618,000 | -4,000 | -1,000 | 43,623,000 | -32,073,000 | -1,950,000 | 34,023,000 | -843,000 | 843,000 | ||||||
| Hire Purchase and Lease Commitments | -214,000 | -67,000 | 598,000 | -762,000 | 910,000 | ||||||||||
| other long term liabilities | 1,974,000 | -688,000 | -430,000 | 2,101,000 | |||||||||||
| share issue | |||||||||||||||
| interest | 328,000 | 568,000 | 653,000 | 867,000 | 114,000 | 85,000 | 41,000 | -136,000 | 580,000 | 1,133,000 | 1,345,000 | 1,359,000 | 1,372,000 | 1,279,000 | 1,253,000 |
| cash flow from financing | 1,932,000 | -38,976,000 | 19,417,000 | -6,520,000 | -11,453,000 | 1,247,000 | 4,361,000 | 22,908,000 | 14,910,000 | 5,839,000 | 8,448,000 | 6,243,000 | 17,473,000 | -21,522,000 | 82,231,000 |
| cash and cash equivalents | |||||||||||||||
| cash | -5,326,000 | 3,770,000 | -4,569,000 | 6,640,000 | -10,912,000 | 7,442,000 | 9,181,000 | -1,190,000 | -660,000 | -10,293,000 | 6,622,000 | -11,775,000 | 6,248,000 | -5,268,000 | 17,160,000 |
| overdraft | -57,000 | 57,000 | |||||||||||||
| change in cash | -5,326,000 | 3,770,000 | -4,569,000 | 6,640,000 | -10,912,000 | 7,442,000 | 9,181,000 | -1,190,000 | -660,000 | -10,293,000 | 6,622,000 | -11,775,000 | 6,248,000 | -5,211,000 | 17,103,000 |
promethean limited Credit Report and Business Information
Promethean Limited Competitor Analysis
Perform a competitor analysis for promethean limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in BB1 area or any other competitors across 12 key performance metrics.
promethean limited Ownership
PROMETHEAN LIMITED group structure
Promethean Limited has no subsidiary companies.
Ultimate parent company
ELMTREE INC
#0175937
2 parents
PROMETHEAN LIMITED
01308938
promethean limited directors
Promethean Limited currently has 3 directors. The longest serving directors include Mr Vincent Riera (Jan 2021) and Mrs Allyson Krause (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Vincent Riera | 54 years | Jan 2021 | - | Director | |
| Mrs Allyson Krause | 55 years | Jan 2021 | - | Director | |
| Mr Arthur Giterman | 44 years | Feb 2024 | - | Director |
P&L
December 2023turnover
84m
-53%
operating profit
3.8m
-16%
gross margin
14.1%
-2.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
35.5m
+0.12%
total assets
133.7m
+0.04%
cash
7.1m
-0.43%
net assets
Total assets minus all liabilities
promethean limited company details
company number
01308938
Type
Private limited with Share Capital
industry
26110 - Manufacture of electronic components
incorporation date
April 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
promethean technologies group ltd (December 2006)
tds promethean limited (October 2004)
See moreaccountant
-
auditor
DELOITTE LLP
address
promethean house lower philips, road whitebirk industrial estate, blackburn, lancashire, BB1 5TH
Bank
-
Legal Advisor
-
promethean 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 24 charges/mortgages relating to promethean limited. Currently there are 7 open charges and 17 have been satisfied in the past.
promethean limited Capital Raised & Share Issues BETA
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promethean limited Companies House Filings - See Documents
| date | description | view/download |
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