Principal Logistics Technology Limited

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principal logistics technology limited Company Information

Live

MatureSmallHealthy

Company Number

01448826

Website

www.chess.uk.com

Registered Address

lincoln house, wellington crescent, lichfield, WS13 8RZ

Industry

Business and domestic software development

Telephone

01618882580

Next Accounts Due

September 2025

Group Structure

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Directors

Duane George0 Years

Hellen Stein0 Years

Shareholders

chess holdings (uk) limited 100%

principal logistics technology limited Estimated Valuation

£4.2m

Pomanda estimates the enterprise value of PRINCIPAL LOGISTICS TECHNOLOGY LIMITED at £4.2m based on a Turnover of £4.8m and 0.87x industry multiple (adjusted for size and gross margin).

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Principal Logistics Technology Limited is a live company located in lichfield, WS13 8RZ with a Companies House number of 01448826. It operates in the business and domestic software development sector, SIC Code 62012. Founded in September 1979, it's largest shareholder is chess holdings (uk) limited with a 100% stake. Principal Logistics Technology Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Principal Logistics Technology Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

1 Strong

5 Regular

6 Weak

Size

annual sales of £4.8m, make it in line with the average company (£4.5m)

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.9%)

EXPORT

Principal Logistics Technology Limited's latest turnover from December 2023 is estimated at £4.8 million and the company has net assets of £919.2 thousand. According to their latest financial statements, Principal Logistics Technology Limited has 30 employees and maintains cash reserves of £431.4 thousand 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	4,815,730	2,894,838	6,560,568	3,662,029	2,976,242	3,405,615	2,878,999	4,420,247	4,306,560	4,813,833	3,376,274	2,918,646	3,261,141	4,407,121	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,328,088	813,376	1,749,391	996,961	787,503	918,447	777,939	1,213,672	1,125,988	1,277,973	937,391	797,377	856,520	1,098,351	0
Gross Profit	3,487,642	2,081,462	4,811,177	2,665,068	2,188,739	2,487,167	2,101,060	3,206,574	3,180,572	3,535,860	2,438,884	2,121,269	2,404,621	3,308,770	0
Admin Expenses	3,360,841	1,912,962	4,786,941	2,562,976	2,305,958	2,465,592	2,161,603	3,145,689	3,787,761	3,291,198	2,417,167	1,991,963	2,287,517	3,089,826	-990,727
Operating Profit	126,801	168,500	24,236	102,092	-117,219	21,575	-60,543	60,885	-607,189	244,662	21,717	129,306	117,104	218,944	990,727
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	6,780	6,780
Interest Receivable	13,258	4,558	1,548	1,011	6,666	6,340	4,230	1,888	3,585	3,331	3,188	2,853	2,029	2,019	1,090
Pre-Tax Profit	140,059	173,058	25,784	103,102	-110,553	27,915	-56,313	62,773	-603,604	247,992	24,905	132,159	119,134	214,183	985,038
Tax	-35,015	-32,881	-4,899	-19,589	0	-5,304	0	-12,554	0	-52,078	-5,728	-31,718	-30,975	-59,971	-275,810
Profit After Tax	105,044	140,177	20,885	83,513	-110,553	22,611	-56,313	50,218	-603,604	195,914	19,177	100,441	88,159	154,212	709,227
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	105,044	140,177	20,885	83,513	-110,553	22,611	-56,313	50,218	-603,604	195,914	19,177	100,441	88,159	154,212	709,227
Employee Costs	2,158,094	1,826,212	1,963,362	1,812,549	1,925,778	1,781,791	1,894,302	2,049,211	2,244,853	2,405,341	1,720,552	1,520,994	1,661,987	2,253,270	0
Number Of Employees	30	27	31	30	31	29	32	36	41	44	32	29	32	44	0
EBITDA*	129,056	168,902	24,835	102,986	-115,884	23,568	-57,570	65,324	-600,564	262,257	36,813	144,238	134,304	249,042	1,019,296

* 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	18,576	1,831	2,233	2,832	3,726	5,061	7,054	10,027	14,466	661,015	661,023	672,842	677,481	693,507	718,528
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	18,576	1,831	2,233	2,832	3,726	5,061	7,054	10,027	14,466	661,015	661,023	672,842	677,481	693,507	718,528
Stock & work in progress	123,439	48,388	0	30,960	40,206	45,110	65,920	31,403	36,390	0	0	0	0	0	0
Trade Debtors	1,039,854	537,124	1,570,464	748,018	524,996	704,510	493,884	895,250	813,435	887,252	605,338	510,836	595,052	771,055	422,263
Group Debtors	894,809	1,270,259	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	321,530	300,560	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	431,429	98,895	161,570	1,076,751	945,131	832,529	858,034	834,081	676,182	757,977	574,264	701,035	440,321	371,469	436,148
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,811,061	2,255,226	1,732,034	1,855,729	1,510,333	1,582,149	1,417,838	1,760,734	1,526,007	1,645,229	1,179,602	1,211,871	1,035,373	1,142,524	858,411
total assets	2,829,637	2,257,057	1,734,267	1,858,561	1,514,059	1,587,210	1,424,892	1,770,761	1,540,473	2,306,244	1,840,625	1,884,713	1,712,854	1,836,031	1,576,939
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	46,475
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	126,800	123,058	1,059,856	1,204,921	943,762	907,068	767,361	1,056,917	876,847	1,039,014	769,309	832,574	761,156	972,492	659,012
Group/Directors Accounts	266,790	38,445	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,516,839	1,280,993	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	1,910,429	1,442,496	1,059,856	1,204,921	943,762	907,068	767,361	1,056,917	876,847	1,039,014	769,309	832,574	761,156	972,492	705,487
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	162,125
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	397	424	538	708	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	397	424	538	708	0	0	0	0	0	0	0	0	0	162,125
total liabilities	1,910,429	1,442,893	1,060,280	1,205,459	944,470	907,068	767,361	1,056,917	876,847	1,039,014	769,309	832,574	761,156	972,492	867,612
net assets	919,208	814,164	673,987	653,102	569,589	680,142	657,531	713,844	663,626	1,267,230	1,071,316	1,052,139	951,698	863,539	709,327
total shareholders funds	919,208	814,164	673,987	653,102	569,589	680,142	657,531	713,844	663,626	1,267,230	1,071,316	1,052,139	951,698	863,539	709,327

	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	126,801	168,500	24,236	102,092	-117,219	21,575	-60,543	60,885	-607,189	244,662	21,717	129,306	117,104	218,944	990,727
Depreciation	2,255	402	599	894	1,335	1,993	2,973	4,439	6,625	17,595	15,096	14,932	17,200	30,098	28,569
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-35,015	-32,881	-4,899	-19,589	0	-5,304	0	-12,554	0	-52,078	-5,728	-31,718	-30,975	-59,971	-275,810
Stock	75,051	48,388	-30,960	-9,246	-4,904	-20,810	34,517	-4,987	36,390	0	0	0	0	0	0
Debtors	148,250	537,479	822,446	223,022	-179,514	210,626	-401,366	81,815	-73,817	281,914	94,502	-84,216	-176,003	348,792	422,263
Creditors	3,742	-936,798	-145,065	261,159	36,694	139,707	-289,556	180,070	-162,167	269,705	-63,265	71,418	-211,336	313,480	659,012
Accruals and Deferred Income	235,846	1,280,993	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-397	-27	-114	-170	708	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	109,931	-105,678	-916,729	130,610	105,936	-31,845	19,723	156,012	-725,304	197,970	-126,682	268,154	67,996	153,759	980,235
Investing Activities
capital expenditure	-19,000	0	0	0	0	0	0	0	639,924	-17,587	-3,277	-10,293	-1,174	-5,077	-747,097
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-19,000	0	0	0	0	0	0	0	639,924	-17,587	-3,277	-10,293	-1,174	-5,077	-747,097
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	228,345	38,445	0	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	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	-162,125	162,125
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	13,258	4,558	1,548	1,011	6,666	6,340	4,230	1,888	3,585	3,331	3,188	2,853	2,029	-4,761	-5,690
cash flow from financing	241,603	43,003	1,548	1,011	6,666	6,340	4,230	1,888	3,585	3,331	3,188	2,853	2,029	-166,886	156,535
cash and cash equivalents
cash	332,534	-62,675	-915,181	131,620	112,602	-25,505	23,953	157,899	-81,795	183,713	-126,771	260,714	68,852	-64,679	436,148
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	-46,475	46,475
change in cash	332,534	-62,675	-915,181	131,620	112,602	-25,505	23,953	157,899	-81,795	183,713	-126,771	260,714	68,852	-18,204	389,673

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRINCIPAL LOGISTICS TECHNOLOGY LIMITED group structure

Principal Logistics Technology Limited has no subsidiary companies.

Ultimate parent company

DAZEWELL LIMITED

IE682933

PRINCIPAL HOLDINGS UK LIMITED

08077381

2 parents

PRINCIPAL LOGISTICS TECHNOLOGY LIMITED

01448826

PRINCIPAL LOGISTICS TECHNOLOGY LIMITED Shareholders

chess holdings (uk) limited

100%

Principal Logistics Technology Limited currently has 2 directors. The longest serving directors include Mr Duane George (Jul 2024) and Mrs Hellen Stein (Jul 2024).

officer	country	age	start	end	role
Mr Duane George	England	48 years	Jul 2024	-	Director
Mrs Hellen Stein	United Kingdom	50 years	Jul 2024	-	Director

P&L

December 2023

turnover

4.8m

+66%

operating profit

126.8k

gross margin

72.5%

+0.72%

turnover

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

Balance Sheet

December 2023

net assets

919.2k

+0.13%

total assets

2.8m

+0.25%

cash

431.4k

+3.36%

net assets

Total assets minus all liabilities

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company number

01448826

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

September 1979

ultimate parent company

DAZEWELL LIMITED

previous names

chess logistics technology limited (January 2024)

chess consultancies limited (October 1997)

address

lincoln house, wellington crescent, lichfield, WS13 8RZ

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 7 charges/mortgages relating to principal logistics technology limited. Currently there are 0 open charges and 7 have been satisfied in the past.

principal logistics technology limited Company Information

principal logistics technology limited Estimated Valuation

principal logistics technology limited Estimated Valuation

principal logistics technology limited Estimated Valuation

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