Practicon Limited

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practicon limited Company Information

Live

MatureSmallLow

Company Number

01366391

Website

www.practicon.co.uk

Registered Address

chapel lane, rode heath, stoke on trent, staffordshire, ST7 3SD

Industry

Manufacture of electronic industrial process control equipment

Telephone

01270876211

Next Accounts Due

December 2024

Group Structure

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Directors

Adrian Goodwin10 Years

John Holland10 Years

View All

Shareholders

practicon control systems limited 100%

practicon limited Estimated Valuation

£3.6m

Pomanda estimates the enterprise value of PRACTICON LIMITED at £3.6m based on Net Assets of £1.3m and 2.72x industry multiple (adjusted for liquidity).

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Practicon Limited is a live company located in stoke on trent, ST7 3SD with a Companies House number of 01366391. It operates in the manufacture of electronic industrial process control equipment sector, SIC Code 26512. Founded in May 1978, it's largest shareholder is practicon control systems limited with a 100% stake. Practicon Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.2m with low growth in recent years.

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Pomanda's financial health check has awarded Practicon Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £3.2m, make it smaller than the average company (£9.7m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a similar rate (2.5%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRACTICON LIMITED group structure

Practicon Limited has no subsidiary companies.

Ultimate parent company

PRACTICON CONTROL SYSTEMS LIMITED

08547042

1 parent

PRACTICON LIMITED

01366391

PRACTICON LIMITED Shareholders

practicon control systems limited

100%

Practicon Limited currently has 3 directors. The longest serving directors include Mr Adrian Goodwin (Jul 2013) and Mr John Holland (Jul 2013).

officer	country	age	start	end	role
Mr Adrian Goodwin	England	48 years	Jul 2013	-	Director
Mr John Holland		54 years	Jul 2013	-	Director
Mr Martin Jones	England	49 years	Jul 2013	-	Director

EXPORT

Practicon Limited's latest turnover from March 2023 is estimated at £3.2 million and the company has net assets of £1.3 million. According to their latest financial statements, Practicon Limited has 24 employees and maintains cash reserves of £556.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	3,190,577	3,729,446	3,529,675	2,960,351	3,609,760	3,072,628	3,126,823	2,276,675	1,920,822	1,540,204	2,300,153	3,599,345	1,638,437	1,606,523
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,041,072	2,356,019	2,190,797	1,863,543	2,345,792	1,979,986	1,937,378	1,509,977	1,261,139	987,415	1,470,475	2,269,404	1,058,099	1,051,595
Gross Profit	1,149,506	1,373,427	1,338,878	1,096,808	1,263,968	1,092,642	1,189,445	766,698	659,683	552,788	829,678	1,329,941	580,338	554,928
Admin Expenses	1,262,408	1,414,807	1,268,900	1,176,619	974,604	711,390	1,239,611	708,734	392,509	966,082	538,916	994,240	537,060	-186,046
Operating Profit	-112,902	-41,380	69,978	-79,811	289,364	381,252	-50,166	57,964	267,174	-413,294	290,762	335,701	43,278	740,974
Interest Payable	0	0	0	0	1	1	0	0	0	0	0	0	0	0
Interest Receivable	29,937	6,935	946	813	4,465	2,024	1,195	2,951	2,236	2,419	2,836	1,999	1,493	711
Pre-Tax Profit	-82,965	-34,445	70,923	-78,998	293,828	383,275	-48,971	60,915	269,410	-410,875	293,599	337,700	44,771	741,685
Tax	0	0	-13,475	0	-55,827	-72,822	0	-12,183	-56,576	0	-70,464	-87,802	-12,536	-207,672
Profit After Tax	-82,965	-34,445	57,448	-78,998	238,001	310,453	-48,971	48,732	212,834	-410,875	223,135	249,898	32,235	534,013
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-82,965	-34,445	57,448	-78,998	238,001	310,453	-48,971	48,732	212,834	-410,875	223,135	249,898	32,235	534,013
Employee Costs	1,173,710	1,134,811	1,104,832	1,137,415	1,149,885	1,090,229	1,157,802	688,425	542,966	435,257	645,766	972,542	456,804	389,770
Number Of Employees	24	24	23	24	24	23	26	15	12	10	15	23	11	10
EBITDA*	-78,867	-18,282	86,432	-57,891	315,984	415,557	-30,436	66,518	278,368	-397,444	310,113	357,252	59,514	757,368

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	295,876	261,208	199,372	215,826	226,514	253,134	238,299	180,317	185,788	196,982	212,832	219,223	208,285	187,736
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	295,876	261,208	199,372	215,826	226,514	253,134	238,299	180,317	185,788	196,982	212,832	219,223	208,285	187,736
Stock & work in progress	395,001	364,927	203,078	336,560	336,360	227,324	208,949	246,389	203,617	163,643	152,791	144,200	189,677	111,708
Trade Debtors	824,957	988,229	819,227	640,146	922,743	873,890	787,614	544,394	412,881	340,039	549,386	933,757	346,718	336,592
Group Debtors	0	0	723	704	110	0	0	0	0	0	0	0	0	0
Misc Debtors	11,659	4,287	5,419	8,632	10,933	6,011	8,985	6,263	0	0	0	0	0	0
Cash	556,101	852,716	996,562	895,352	730,737	459,828	349,821	605,856	574,468	320,076	647,707	486,789	312,834	284,227
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,787,718	2,210,159	2,025,009	1,881,394	2,000,883	1,567,053	1,355,369	1,402,902	1,190,966	823,758	1,349,884	1,564,746	849,229	732,527
total assets	2,083,594	2,471,367	2,224,381	2,097,220	2,227,397	1,820,187	1,593,668	1,583,219	1,376,754	1,020,740	1,562,716	1,783,969	1,057,514	920,263
Bank overdraft	0	0	0	0	0	19	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	308,082	383,254	292,977	266,929	298,130	219,707	318,669	319,559	475,273	332,093	463,194	907,582	431,025	326,009
Group/Directors Accounts	46,085	208,125	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	413,412	486,528	503,499	459,834	474,094	388,766	373,757	313,447	0	0	0	0	0	0
total current liabilities	767,579	1,077,907	796,476	726,763	772,224	608,492	692,426	633,006	475,273	332,093	463,194	907,582	431,025	326,009
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	5,520	0	0	0	5,718	241	241	241	241	241	241	241	241	241
total long term liabilities	5,520	0	0	0	5,718	241	241	241	241	241	241	241	241	241
total liabilities	773,099	1,077,907	796,476	726,763	777,942	608,733	692,667	633,247	475,514	332,334	463,435	907,823	431,266	326,250
net assets	1,310,495	1,393,460	1,427,905	1,370,457	1,449,455	1,211,454	901,001	949,972	901,240	688,406	1,099,281	876,146	626,248	594,013
total shareholders funds	1,310,495	1,393,460	1,427,905	1,370,457	1,449,455	1,211,454	901,001	949,972	901,240	688,406	1,099,281	876,146	626,248	594,013

	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	-112,902	-41,380	69,978	-79,811	289,364	381,252	-50,166	57,964	267,174	-413,294	290,762	335,701	43,278	740,974
Depreciation	34,035	23,098	16,454	21,920	26,620	34,305	19,730	8,554	11,194	15,850	19,351	21,551	16,236	16,394
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-13,475	0	-55,827	-72,822	0	-12,183	-56,576	0	-70,464	-87,802	-12,536	-207,672
Stock	30,074	161,849	-133,482	200	109,036	18,375	-37,440	42,772	39,974	10,852	8,591	-45,477	77,969	111,708
Debtors	-155,900	167,147	175,887	-284,304	53,885	83,302	245,942	137,776	72,842	-209,347	-384,371	587,039	10,126	336,592
Creditors	-75,172	90,277	26,048	-31,201	78,423	-98,962	-890	-155,714	143,180	-131,101	-444,388	476,557	105,016	326,009
Accruals and Deferred Income	-73,116	-16,971	43,665	-14,260	85,328	15,009	60,310	313,447	0	0	0	0	0	0
Deferred Taxes & Provisions	5,520	0	0	-5,718	5,477	0	0	0	0	0	0	0	0	241
Cash flow from operations	-95,809	-273,972	100,265	175,034	266,464	157,105	-179,518	31,520	252,156	-330,050	171,041	204,445	63,899	427,646
Investing Activities
capital expenditure	-68,703	-84,934	0	-11,232	0	-49,140	-77,712	-3,083	0	0	-12,960	-32,489	-36,785	-204,130
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-68,703	-84,934	0	-11,232	0	-49,140	-77,712	-3,083	0	0	-12,960	-32,489	-36,785	-204,130
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-162,040	208,125	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	60,000
interest	29,937	6,935	946	813	4,464	2,023	1,195	2,951	2,236	2,419	2,836	1,999	1,493	711
cash flow from financing	-132,103	215,060	946	813	4,464	2,023	1,195	2,951	2,236	2,419	2,836	1,999	1,493	60,711
cash and cash equivalents
cash	-296,615	-143,846	101,210	164,615	270,909	110,007	-256,035	31,388	254,392	-327,631	160,918	173,955	28,607	284,227
overdraft	0	0	0	0	-19	19	0	0	0	0	0	0	0	0
change in cash	-296,615	-143,846	101,210	164,615	270,928	109,988	-256,035	31,388	254,392	-327,631	160,918	173,955	28,607	284,227

P&L

March 2023

turnover

3.2m

-14%

operating profit

-112.9k

gross margin

36.1%

-2.17%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

March 2023

net assets

1.3m

-0.06%

total assets

2.1m

-0.16%

cash

556.1k

-0.35%

net assets

Total assets minus all liabilities

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company number

01366391

Type

Private limited with Share Capital

industry

26512 - Manufacture of electronic industrial process control equipment

incorporation date

May 1978

age

accounts

Total Exemption Full

ultimate parent company

PRACTICON CONTROL SYSTEMS LIMITED

previous names

N/A

incorporated

address

chapel lane, rode heath, stoke on trent, staffordshire, ST7 3SD

last accounts submitted

March 2023

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 3 charges/mortgages relating to practicon limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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practicon limited Estimated Valuation

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