portrait software international limited
portrait software international limited Company Information
Company Number
01980596
Next Accounts
796 days late
Industry
Other software publishing
Directors
Shareholders
portrait software ltd
Group Structure
View All
Contact
Registered Address
pearl assurance house, 319 ballards lane, finchley, london, N12 8LY
Website
http://paramics-online.comportrait software international limited Estimated Valuation
Pomanda estimates the enterprise value of PORTRAIT SOFTWARE INTERNATIONAL LIMITED at £1.9m based on a Turnover of £3.5m and 0.54x industry multiple (adjusted for size and gross margin).
portrait software international limited Estimated Valuation
Pomanda estimates the enterprise value of PORTRAIT SOFTWARE INTERNATIONAL LIMITED at £0 based on an EBITDA of £-803k and a 4.24x industry multiple (adjusted for size and gross margin).
portrait software international limited Estimated Valuation
Pomanda estimates the enterprise value of PORTRAIT SOFTWARE INTERNATIONAL LIMITED at £0 based on Net Assets of £-2.3m and 1.73x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Portrait Software International Limited Overview
Portrait Software International Limited is a live company located in finchley, N12 8LY with a Companies House number of 01980596. It operates in the other software publishing sector, SIC Code 58290. Founded in January 1986, it's largest shareholder is portrait software ltd with a 100% stake. Portrait Software International Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.5m with declining growth in recent years.
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Portrait Software International Limited Health Check
Pomanda's financial health check has awarded Portrait Software International Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 8 areas for improvement. Company Health Check FAQs
0 Strong
2 Regular
8 Weak
Size
annual sales of £3.5m, make it smaller than the average company (£4.7m)
£3.5m - Portrait Software International Limited
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (5.4%)
-14% - Portrait Software International Limited
5.4% - Industry AVG
Production
with a gross margin of 48.7%, this company has a higher cost of product (68.1%)
48.7% - Portrait Software International Limited
68.1% - Industry AVG
Profitability
an operating margin of -28.6% make it less profitable than the average company (5.2%)
-28.6% - Portrait Software International Limited
5.2% - Industry AVG
Employees
with 36 employees, this is similar to the industry average (41)
36 - Portrait Software International Limited
41 - Industry AVG
Pay Structure
on an average salary of £120.2k, the company has a higher pay structure (£72.3k)
£120.2k - Portrait Software International Limited
£72.3k - Industry AVG
Efficiency
resulting in sales per employee of £98.1k, this is less efficient (£143.3k)
£98.1k - Portrait Software International Limited
£143.3k - Industry AVG
Debtor Days
it gets paid by customers after 63 days, this is near the average (63 days)
63 days - Portrait Software International Limited
63 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Portrait Software International Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Portrait Software International Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (13 weeks)
1 weeks - Portrait Software International Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 173.2%, this is a higher level of debt than the average (60.3%)
173.2% - Portrait Software International Limited
60.3% - Industry AVG
PORTRAIT SOFTWARE INTERNATIONAL LIMITED financials
Portrait Software International Limited's latest turnover from December 2020 is £3.5 million and the company has net assets of -£2.3 million. According to their latest financial statements, Portrait Software International Limited has 36 employees and maintains cash reserves of £178 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,532,000 | 3,229,000 | 4,230,000 | 5,556,000 | 6,572,000 | 6,540,000 | 6,620,000 | 6,817,000 | 7,316,000 | 11,246,000 | 10,134,000 | 9,056,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 1,812,000 | 1,804,000 | 2,266,000 | 1,772,000 | 2,153,000 | 2,629,000 | 2,349,000 | 1,944,000 | 2,357,000 | 3,396,000 | 2,216,000 | 2,465,000 |
| Gross Profit | 1,720,000 | 1,425,000 | 1,964,000 | 3,784,000 | 4,419,000 | 3,911,000 | 4,271,000 | 4,873,000 | 4,959,000 | 7,850,000 | 7,918,000 | 6,591,000 |
| Admin Expenses | 2,730,000 | 4,290,000 | 3,212,000 | 5,474,000 | 7,138,000 | 5,927,000 | 6,320,000 | 8,047,000 | 7,254,000 | 6,496,000 | -11,392,000 | 6,062,000 |
| Operating Profit | -1,010,000 | -2,865,000 | -1,248,000 | -1,690,000 | -2,719,000 | -2,016,000 | -2,049,000 | -3,174,000 | -2,295,000 | 1,354,000 | 19,310,000 | 529,000 |
| Interest Payable | 4,000 | 21,000 | 37,000 | 2,000 | 0 | 0 | 0 | 24,000 | 1,000 | 13,000 | 37,000 | 148,000 |
| Interest Receivable | 0 | 1,000 | 0 | 0 | 0 | 17,000 | 21,000 | 22,000 | 88,000 | 0 | 35,000 | 1,000 |
| Pre-Tax Profit | -1,014,000 | 2,112,000 | -1,285,000 | -1,692,000 | -2,719,000 | -1,999,000 | -2,028,000 | -3,176,000 | -2,208,000 | 1,341,000 | 19,308,000 | 382,000 |
| Tax | 208,000 | -209,000 | -2,000 | 0 | -1,000 | -1,000 | 50,000 | -65,000 | -875,000 | -4,000 | 0 | 233,000 |
| Profit After Tax | -806,000 | 1,903,000 | -1,287,000 | -1,692,000 | -2,720,000 | -2,000,000 | -1,978,000 | -3,241,000 | -3,083,000 | 1,337,000 | 19,308,000 | 615,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 4,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -806,000 | 1,903,000 | -1,287,000 | -1,692,000 | -6,720,000 | -2,000,000 | -1,978,000 | -3,241,000 | -3,083,000 | 1,337,000 | 19,308,000 | 615,000 |
| Employee Costs | 4,328,000 | 4,250,000 | 3,615,000 | 4,633,000 | 5,622,000 | 3,956,000 | 5,163,000 | 5,340,000 | 7,013,000 | 6,690,000 | 4,427,000 | 4,724,000 |
| Number Of Employees | 36 | 43 | 51 | 56 | 66 | 66 | 70 | 72 | 78 | 89 | 83 | 73 |
| EBITDA* | -803,000 | -2,571,000 | -703,000 | -984,000 | -1,580,000 | -642,000 | -346,000 | -1,230,000 | -1,017,000 | 2,139,000 | 19,737,000 | 1,069,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 26,000 | 111,000 | 290,000 | 560,000 | 813,000 | 1,130,000 | 937,000 | 432,000 | 426,000 | 580,000 |
| Intangible Assets | 44,000 | 251,000 | 481,000 | 986,000 | 1,393,000 | 2,326,000 | 2,724,000 | 2,970,000 | 4,143,000 | 3,108,000 | 2,205,000 | 1,959,000 |
| Investments & Other | 1,213,000 | 1,213,000 | 1,330,000 | 1,330,000 | 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 |
| Total Fixed Assets | 1,257,000 | 1,464,000 | 1,837,000 | 2,427,000 | 1,683,000 | 2,886,000 | 3,537,000 | 4,100,000 | 5,080,000 | 3,540,000 | 2,631,000 | 2,539,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 611,000 | 990,000 | 2,532,000 | 1,546,000 | 855,000 | 1,106,000 | 498,000 | 1,149,000 | 2,048,000 | 2,124,000 | 4,816,000 | 1,637,000 |
| Group Debtors | 1,059,000 | 1,005,000 | 2,381,000 | 1,542,000 | 4,437,000 | 10,576,000 | 10,991,000 | 12,918,000 | 13,409,000 | 12,002,000 | 3,957,000 | 0 |
| Misc Debtors | 77,000 | 110,000 | 1,091,000 | 603,000 | 778,000 | 714,000 | 754,000 | 822,000 | 987,000 | 1,775,000 | 1,295,000 | 1,897,000 |
| Cash | 178,000 | 835,000 | 613,000 | 679,000 | 1,286,000 | 289,000 | 547,000 | 1,172,000 | 672,000 | 1,015,000 | 7,970,000 | 530,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,925,000 | 2,940,000 | 6,617,000 | 4,370,000 | 7,356,000 | 12,685,000 | 12,790,000 | 16,061,000 | 17,116,000 | 16,916,000 | 18,038,000 | 4,064,000 |
| total assets | 3,182,000 | 4,404,000 | 8,454,000 | 6,797,000 | 9,039,000 | 15,571,000 | 16,327,000 | 20,161,000 | 22,196,000 | 20,456,000 | 20,669,000 | 6,603,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750,000 |
| Trade Creditors | 0 | 152,000 | 236,000 | 410,000 | 157,000 | 44,000 | 0 | 160,000 | 190,000 | 278,000 | 427,000 | 973,000 |
| Group/Directors Accounts | 3,447,000 | 2,719,000 | 7,567,000 | 4,377,000 | 5,069,000 | 5,417,000 | 4,312,000 | 6,432,000 | 5,254,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33,000 | 47,000 | 63,000 |
| other current liabilities | 2,064,000 | 2,218,000 | 2,838,000 | 2,389,000 | 2,896,000 | 2,970,000 | 3,193,000 | 2,733,000 | 2,748,000 | 2,694,000 | 884,000 | 933,000 |
| total current liabilities | 5,511,000 | 5,089,000 | 10,641,000 | 7,176,000 | 8,122,000 | 8,431,000 | 7,505,000 | 9,325,000 | 8,192,000 | 3,005,000 | 1,358,000 | 2,719,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,005,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 32,000 | 65,000 |
| Accruals and Deferred Income | 0 | 838,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,789,000 | 3,059,000 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 1,239,000 | 1,760,000 | 1,364,000 | 867,000 | 549,000 | 585,000 | 512,000 | 876,000 | 1,252,000 | 947,000 |
| total long term liabilities | 0 | 838,000 | 1,239,000 | 1,760,000 | 1,364,000 | 867,000 | 549,000 | 585,000 | 512,000 | 876,000 | 4,073,000 | 8,076,000 |
| total liabilities | 5,511,000 | 5,927,000 | 11,880,000 | 8,936,000 | 9,486,000 | 9,298,000 | 8,054,000 | 9,910,000 | 8,704,000 | 3,881,000 | 5,431,000 | 10,795,000 |
| net assets | -2,329,000 | -1,523,000 | -3,426,000 | -2,139,000 | -447,000 | 6,273,000 | 8,273,000 | 10,251,000 | 13,492,000 | 16,575,000 | 15,238,000 | -4,192,000 |
| total shareholders funds | -2,329,000 | -1,523,000 | -3,426,000 | -2,139,000 | -447,000 | 6,273,000 | 8,273,000 | 10,251,000 | 13,492,000 | 16,575,000 | 15,238,000 | -4,192,000 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -1,010,000 | -2,865,000 | -1,248,000 | -1,690,000 | -2,719,000 | -2,016,000 | -2,049,000 | -3,174,000 | -2,295,000 | 1,354,000 | 19,310,000 | 529,000 |
| Depreciation | 0 | 22,000 | 84,000 | 179,000 | 206,000 | 271,000 | 348,000 | 326,000 | 202,000 | 137,000 | 198,000 | 290,000 |
| Amortisation | 207,000 | 272,000 | 461,000 | 527,000 | 933,000 | 1,103,000 | 1,355,000 | 1,618,000 | 1,076,000 | 648,000 | 229,000 | 250,000 |
| Tax | 208,000 | -209,000 | -2,000 | 0 | -1,000 | -1,000 | 50,000 | -65,000 | -875,000 | -4,000 | 0 | 233,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -358,000 | -3,899,000 | 2,313,000 | -2,379,000 | -6,326,000 | 153,000 | -2,646,000 | -1,555,000 | 543,000 | 5,833,000 | 10,068,000 | 3,534,000 |
| Creditors | -152,000 | -84,000 | -174,000 | 253,000 | 113,000 | 44,000 | -160,000 | -30,000 | -88,000 | -149,000 | 427,000 | 973,000 |
| Accruals and Deferred Income | -992,000 | 218,000 | 449,000 | -507,000 | -74,000 | -223,000 | 460,000 | -15,000 | 54,000 | -979,000 | 3,673,000 | 3,992,000 |
| Deferred Taxes & Provisions | 0 | -1,239,000 | -521,000 | 396,000 | 497,000 | 318,000 | -36,000 | 73,000 | -364,000 | -376,000 | 1,252,000 | 947,000 |
| Cash flow from operations | -1,381,000 | 14,000 | -3,264,000 | 1,537,000 | 5,281,000 | -657,000 | 2,614,000 | 288,000 | -2,833,000 | -5,202,000 | 15,021,000 | 3,680,000 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | -117,000 | 0 | 1,330,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 750,000 |
| Group/Directors Accounts | 728,000 | -4,848,000 | 3,190,000 | -692,000 | -348,000 | 1,105,000 | -2,120,000 | 1,178,000 | 5,254,000 | 0 | 0 | 0 |
| Other Short Term Loans | 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 | 4,005,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -33,000 | -46,000 | 79,000 | 128,000 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -4,000 | -20,000 | -37,000 | -2,000 | 0 | 17,000 | 21,000 | -2,000 | 87,000 | -13,000 | -2,000 | -147,000 |
| cash flow from financing | 724,000 | -4,868,000 | 3,153,000 | -694,000 | -348,000 | 1,122,000 | -2,099,000 | 1,176,000 | 5,308,000 | -59,000 | -3,993,000 | -71,000 |
| cash and cash equivalents | ||||||||||||
| cash | -657,000 | 222,000 | -66,000 | -607,000 | 997,000 | -258,000 | -625,000 | 500,000 | -343,000 | -6,955,000 | 7,970,000 | 530,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -657,000 | 222,000 | -66,000 | -607,000 | 997,000 | -258,000 | -625,000 | 500,000 | -343,000 | -6,955,000 | 7,970,000 | 530,000 |
portrait software international limited Credit Report and Business Information
Portrait Software International Limited Competitor Analysis
Perform a competitor analysis for portrait software international limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in N12 area or any other competitors across 12 key performance metrics.
portrait software international limited Ownership
PORTRAIT SOFTWARE INTERNATIONAL LIMITED group structure
Portrait Software International Limited has no subsidiary companies.
Ultimate parent company
PRECISELY SOFTWARE INCORPORATED
#0130880
2 parents
PORTRAIT SOFTWARE INTERNATIONAL LIMITED
01980596
portrait software international limited directors
Portrait Software International Limited currently has 1 director, Mr Joseph Rogers serving since Dec 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Joseph Rogers | 51 years | Dec 2019 | - | Director |
P&L
December 2020turnover
3.5m
+9%
operating profit
-1m
-65%
gross margin
48.7%
+10.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
-2.3m
+0.53%
total assets
3.2m
-0.28%
cash
178k
-0.79%
net assets
Total assets minus all liabilities
Similar Companies
portrait software international limited company details
company number
01980596
Type
Private limited with Share Capital
industry
58290 - Other software publishing
incorporation date
January 1986
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2020
previous names
ait limited (June 2005)
petbond computers limited (February 1986)
accountant
-
auditor
GRANT THORNTON
address
pearl assurance house, 319 ballards lane, finchley, london, N12 8LY
Bank
JP MORGAN CHASE BANK
Legal Advisor
-
portrait software international 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 17 charges/mortgages relating to portrait software international limited. Currently there are 0 open charges and 17 have been satisfied in the past.
portrait software international limited Companies House Filings - See Documents
| date | description | view/download |
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