prowting group ltd
prowting group ltd Company Information
Company Number
02153228
Website
deanfieldhomes.co.ukRegistered Address
13 freeland park wareham road, poole, BH16 6FA
Industry
Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
Development of building projects
Telephone
01494578911
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
nrb legacy fund of the peter prowting will trust 40.7%
trustees of p b prowting settlement of11 3 1968 35.2%
View Allprowting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PROWTING GROUP LTD at £88.8m based on a Turnover of £39.1m and 2.27x industry multiple (adjusted for size and gross margin).
prowting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PROWTING GROUP LTD at £27.9m based on an EBITDA of £4m and a 6.95x industry multiple (adjusted for size and gross margin).
prowting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PROWTING GROUP LTD at £64.4m based on Net Assets of £40.6m and 1.59x industry multiple (adjusted for liquidity).
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Prowting Group Ltd Overview
Prowting Group Ltd is a live company located in poole, BH16 6FA with a Companies House number of 02153228. It operates in the development of building projects sector, SIC Code 41100. Founded in August 1987, it's largest shareholder is nrb legacy fund of the peter prowting will trust with a 40.7% stake. Prowting Group Ltd is a mature, large sized company, Pomanda has estimated its turnover at £39.1m with rapid growth in recent years.
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Prowting Group Ltd Health Check
Pomanda's financial health check has awarded Prowting Group Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £39.1m, make it larger than the average company (£1.9m)
£39.1m - Prowting Group Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (2.6%)
47% - Prowting Group Ltd
2.6% - Industry AVG
Production
with a gross margin of 21%, this company has a higher cost of product (55.8%)
21% - Prowting Group Ltd
55.8% - Industry AVG
Profitability
an operating margin of 10.2% make it less profitable than the average company (23.7%)
10.2% - Prowting Group Ltd
23.7% - Industry AVG
Employees
with 38 employees, this is above the industry average (4)
38 - Prowting Group Ltd
4 - Industry AVG
Pay Structure
on an average salary of £94.3k, the company has a higher pay structure (£46.6k)
£94.3k - Prowting Group Ltd
£46.6k - Industry AVG
Efficiency
resulting in sales per employee of £1m, this is more efficient (£290.7k)
£1m - Prowting Group Ltd
£290.7k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (179 days)
8 days - Prowting Group Ltd
179 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (30 days)
30 days - Prowting Group Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 326 days, this is more than average (89 days)
326 days - Prowting Group Ltd
89 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 67 weeks, this is more cash available to meet short term requirements (14 weeks)
67 weeks - Prowting Group Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19.7%, this is a lower level of debt than the average (75.6%)
19.7% - Prowting Group Ltd
75.6% - Industry AVG
prowting group ltd Credit Report and Business Information
Prowting Group Ltd Competitor Analysis
Perform a competitor analysis for prowting group ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
prowting group ltd Ownership
PROWTING GROUP LTD group structure
Prowting Group Ltd has 2 subsidiary companies.
Ultimate parent company
PROWTING GROUP LTD
02153228
2 subsidiaries
prowting group ltd directors
Prowting Group Ltd currently has 6 directors. The longest serving directors include Ms Elizabeth Prowting (Nov 1991) and Mr Barry Amos-Yeo (Dec 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Elizabeth Prowting | 84 years | Nov 1991 | - | Director | |
| Mr Barry Amos-Yeo | England | 43 years | Dec 2012 | - | Director |
| Mr Kevin Amos-Yeo | 41 years | Dec 2012 | - | Director | |
| Mrs Wendy Trott | England | 57 years | Apr 2014 | - | Director |
| Mrs Sonya Richards | England | 55 years | Oct 2019 | - | Director |
| Miss Sonya Richards | United Kingdom | 54 years | Oct 2019 | - | Director |
PROWTING GROUP LTD financials
Prowting Group Ltd's latest turnover from March 2023 is £39.1 million and the company has net assets of £40.6 million. According to their latest financial statements, Prowting Group Ltd has 38 employees and maintains cash reserves of £13 million 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 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 39,090,000 | 10,756,000 | 16,424,000 | 12,415,000 | 10,239,529 | 5,269,485 | 1,434,409 | 1,461,743 | 1,588,418 | 2,129,518 | 4,162,923 | 8,220,213 | 9,623,176 | 3,522,497 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 30,894,000 | 8,690,000 | 13,495,000 | 10,189,000 | 7,408,240 | 3,338,596 | 0 | 20,000 | 147,060 | 572,612 | 2,589,033 | 6,509,635 | 8,228,035 | 2,985,469 |
| Gross Profit | 8,196,000 | 2,066,000 | 2,929,000 | 2,226,000 | 2,831,289 | 1,930,889 | 1,434,409 | 1,441,743 | 1,441,358 | 1,556,906 | 1,573,890 | 1,710,578 | 1,395,141 | 537,028 |
| Admin Expenses | 4,223,000 | 2,781,000 | 2,037,000 | 649,000 | 1,827,939 | 1,062,141 | 793,846 | 777,876 | 721,207 | 866,476 | 560,766 | 732,359 | 554,893 | 468,187 |
| Operating Profit | 3,973,000 | -715,000 | 892,000 | 1,577,000 | 1,003,350 | 868,748 | 640,563 | 663,867 | 720,151 | 690,430 | 1,013,124 | 978,219 | 840,248 | 68,841 |
| Interest Payable | 289,000 | 277,000 | 254,000 | 365,000 | 980,082 | 776,630 | 521,045 | 423,032 | 181,754 | 50,000 | 50,000 | 50,000 | 30,493 | 686 |
| Interest Receivable | 241,000 | 168,000 | 500,000 | 757,000 | 46,699 | 6,045 | 7,145 | 4,516 | 18,666 | 7,036 | 17,663 | 29,511 | 9,496 | 8,704 |
| Pre-Tax Profit | 3,925,000 | -824,000 | 1,138,000 | 11,501,000 | 3,670,489 | 1,006,569 | 1,995,441 | 1,343,581 | 574,667 | 647,466 | 980,787 | 957,730 | 819,251 | 76,859 |
| Tax | -340,000 | -131,000 | 11,000 | -442,000 | -686,548 | -325,259 | -442,047 | -227,648 | -94,145 | -172,036 | -214,773 | -469,687 | -235,019 | -28,703 |
| Profit After Tax | 3,585,000 | -955,000 | 1,149,000 | 11,059,000 | 2,983,941 | 681,310 | 1,553,394 | 1,115,933 | 480,522 | 475,430 | 766,014 | 488,043 | 584,232 | 48,156 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,807,000 | -423,000 | 1,128,000 | 11,059,000 | 2,969,796 | 917,007 | 1,553,394 | 1,115,933 | 480,522 | 475,430 | 766,014 | 488,043 | 584,232 | 48,156 |
| Employee Costs | 3,583,000 | 2,496,000 | 2,091,000 | 2,127,000 | 1,285,215 | 661,192 | 341,449 | 430,338 | 426,834 | 453,091 | 225,803 | 174,046 | 144,133 | 136,340 |
| Number Of Employees | 38 | 29 | 25 | 23 | 21 | 12 | 10 | 9 | 9 | 9 | 9 | 9 | 7 | 7 |
| EBITDA* | 4,021,000 | -687,000 | 905,000 | 1,601,000 | 1,030,225 | 893,529 | 659,232 | 684,473 | 730,040 | 701,953 | 1,025,136 | 1,007,010 | 877,266 | 118,078 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 44,000 | 50,000 | 13,000 | 37,000 | 223,540 | 229,292 | 216,527 | 242,405 | 240,334 | 2,896,904 | 2,908,427 | 2,792,074 | 2,861,151 | 1,127,504 |
| Intangible Assets | 30,000 | 41,000 | 0 | 0 | 1,250 | 2,500 | 3,750 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 350,000 | 784,000 | 350,000 | 350,000 | 7,031,255 | 5,413,923 | 4,734,751 | 3,490,347 | 2,789,508 | 0 | 0 | 16,197,466 | 13,518,948 | 1,955,000 |
| Debtors (Due After 1 year) | 0 | 0 | 500,000 | 7,800,000 | 7,800,000 | 12,800,000 | 21,193,903 | 19,300,000 | 19,300,000 | 9,147,796 | 18,770,374 | 70,000 | 70,000 | 70,000 |
| Total Fixed Assets | 424,000 | 875,000 | 863,000 | 8,187,000 | 15,056,045 | 18,445,715 | 26,148,931 | 23,032,752 | 22,329,842 | 12,044,700 | 21,678,801 | 19,059,540 | 16,450,099 | 3,152,504 |
| Stock & work in progress | 27,615,000 | 29,665,000 | 12,067,000 | 18,066,000 | 9,432,661 | 5,137,360 | 2,046,548 | 1,177,749 | 1,150,485 | 167,059 | 739,679 | 1,944,387 | 4,017,709 | 7,160,577 |
| Trade Debtors | 887,000 | 294,000 | 121,000 | 248,000 | 543,046 | 410,292 | 9,509 | 24,051 | 214,987 | 5,070 | 0 | 0 | 0 | 310 |
| Group Debtors | 0 | 994,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,566,000 | 2,353,000 | 8,089,000 | 154,000 | 173,383 | 1,183,870 | 594,608 | 587,753 | 150,926 | 3,927,721 | 1,580,147 | 410,527 | 873,713 | 477,107 |
| Cash | 12,963,000 | 3,826,000 | 23,089,000 | 9,804,000 | 17,692,331 | 14,712,318 | 5,223,981 | 2,649,883 | 388,129 | 6,579,039 | 4,133,014 | 4,653,625 | 3,550,471 | 3,539,755 |
| misc current assets | 7,530,000 | 7,008,000 | 5,003,000 | 10,042,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,619,628 | 4,330,394 | 8,737,978 |
| total current assets | 50,561,000 | 44,140,000 | 48,369,000 | 38,314,000 | 27,841,421 | 21,443,840 | 7,874,646 | 4,439,436 | 1,904,527 | 10,678,889 | 6,452,840 | 9,628,167 | 12,772,287 | 19,915,727 |
| total assets | 50,985,000 | 45,015,000 | 49,232,000 | 46,501,000 | 42,897,466 | 39,889,555 | 34,023,577 | 27,472,188 | 24,234,369 | 22,723,589 | 28,131,641 | 28,687,707 | 29,222,386 | 23,068,231 |
| Bank overdraft | 0 | 0 | 0 | 0 | 975,558 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,200,000 |
| Bank loan | 4,992,000 | 2,555,000 | 641,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 2,553,000 | 1,804,000 | 932,000 | 640,000 | 431,896 | 496,338 | 50,764 | 17,757 | 6,515 | 2,137 | 356,701 | 678 | 739,354 | 526,046 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,000,000 | 0 | 880,000 | 4,630,000 | 880,000 |
| other short term finances | 0 | 0 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 5,600,000 | 0 | 1,000,000 | 4,750,000 | 1,000,000 |
| hp & lease commitments | 24,000 | 4,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,436,000 | 2,745,000 | 1,664,000 | 647,000 | 972,413 | 737,385 | 629,900 | 314,284 | 205,451 | 179,268 | 210,343 | 130,825 | 361,793 | 96,325 |
| total current liabilities | 10,005,000 | 7,108,000 | 6,237,000 | 1,287,000 | 2,379,867 | 1,233,723 | 680,664 | 332,041 | 211,966 | 7,781,405 | 567,044 | 2,011,503 | 10,481,147 | 4,702,371 |
| loans | 0 | 0 | 4,600,000 | 7,600,000 | 14,400,000 | 15,533,400 | 10,900,000 | 6,600,000 | 4,600,000 | 0 | 13,100,000 | 13,100,000 | 5,600,000 | 5,600,000 |
| hp & lease commitments | 0 | 23,000 | 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 | 2,021 | 5,601 | 9,180 |
| provisions | 38,000 | 93,000 | 83,000 | 451,000 | 13,204 | 1,978 | 3,769 | 4,397 | 2,586 | 2,889 | 732 | 1,246 | 744 | 1,018 |
| total long term liabilities | 38,000 | 116,000 | 4,683,000 | 8,051,000 | 14,413,204 | 15,535,378 | 10,903,769 | 6,604,397 | 4,602,586 | 2,889 | 13,100,732 | 13,103,267 | 5,606,345 | 5,610,198 |
| total liabilities | 10,043,000 | 7,224,000 | 10,920,000 | 9,338,000 | 16,793,071 | 16,769,101 | 11,584,433 | 6,936,438 | 4,814,552 | 7,784,294 | 13,667,776 | 15,114,770 | 16,087,492 | 10,312,569 |
| net assets | 40,598,000 | 37,791,000 | 38,214,000 | 37,086,000 | 26,003,948 | 23,034,152 | 22,117,145 | 20,535,750 | 19,419,817 | 14,939,295 | 14,463,865 | 13,572,937 | 13,134,894 | 12,755,662 |
| total shareholders funds | 40,598,000 | 37,791,000 | 38,214,000 | 37,086,000 | 26,003,948 | 23,034,152 | 22,117,145 | 20,535,750 | 19,419,817 | 14,939,295 | 14,463,865 | 13,572,937 | 13,134,894 | 12,755,662 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,973,000 | -715,000 | 892,000 | 1,577,000 | 1,003,350 | 868,748 | 640,563 | 663,867 | 720,151 | 690,430 | 1,013,124 | 978,219 | 840,248 | 68,841 |
| Depreciation | 20,000 | 15,000 | 13,000 | 23,000 | 25,625 | 23,531 | 17,419 | 20,606 | 9,889 | 11,523 | 12,012 | 28,791 | 37,018 | 49,237 |
| Amortisation | 28,000 | 13,000 | 0 | 1,000 | 1,250 | 1,250 | 1,250 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -340,000 | -131,000 | 11,000 | -442,000 | -686,548 | -325,259 | -442,047 | -227,648 | -94,145 | -172,036 | -214,773 | -469,687 | -235,019 | -28,703 |
| Stock | -2,050,000 | 17,598,000 | -5,999,000 | 8,633,339 | 4,295,301 | 3,090,812 | 868,799 | 27,264 | 983,426 | -572,620 | -1,204,708 | -2,073,322 | -3,142,868 | 7,160,577 |
| Debtors | -1,188,000 | -5,069,000 | 508,000 | -314,429 | -5,877,733 | -7,403,858 | 1,886,216 | 245,891 | 6,585,326 | -7,269,934 | 19,869,994 | -463,186 | 396,296 | 547,417 |
| Creditors | 749,000 | 872,000 | 292,000 | 208,104 | -64,442 | 445,574 | 33,007 | 11,242 | 4,378 | -354,564 | 356,023 | -738,676 | 213,308 | 526,046 |
| Accruals and Deferred Income | -309,000 | 1,081,000 | 1,017,000 | -325,413 | 235,028 | 107,485 | 315,616 | 108,833 | 26,183 | -31,075 | 79,518 | -230,968 | 265,468 | 96,325 |
| Deferred Taxes & Provisions | -55,000 | 10,000 | -368,000 | 437,796 | 11,226 | -1,791 | -628 | 1,811 | -303 | 2,157 | -514 | 502 | -274 | 1,018 |
| Cash flow from operations | 7,304,000 | -11,384,000 | 7,348,000 | -6,839,423 | 2,107,921 | 5,432,584 | -2,189,835 | 305,556 | -6,902,599 | 7,988,989 | -17,419,896 | 2,104,689 | 3,867,321 | -6,995,230 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 960,127 | -204,312 | 336,247 | -20,308 | -223,675 | 0 | -3,450 | -9,714 | 4,850 | 14,024 |
| Change in Investments | -434,000 | 434,000 | 0 | -6,681,255 | 1,617,332 | 679,172 | 1,244,404 | 700,839 | 2,789,508 | 0 | -16,197,466 | 2,678,518 | 11,563,948 | 1,955,000 |
| cash flow from investments | 434,000 | -434,000 | 0 | 6,681,255 | -657,205 | -883,484 | -908,157 | -721,147 | -3,013,183 | 0 | 16,194,016 | -2,688,232 | -11,559,098 | -1,940,976 |
| Financing Activities | ||||||||||||||
| Bank loans | 2,437,000 | 1,914,000 | 641,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,000,000 | 2,000,000 | -880,000 | -3,750,000 | 3,750,000 | 880,000 |
| Other Short Term Loans | 0 | -3,000,000 | 3,000,000 | 0 | 0 | 0 | 0 | 0 | -5,600,000 | 5,600,000 | -1,000,000 | -3,750,000 | 3,750,000 | 1,000,000 |
| Long term loans | 0 | -4,600,000 | -3,000,000 | -6,800,000 | -1,133,400 | 4,633,400 | 4,300,000 | 2,000,000 | 4,600,000 | -13,100,000 | 0 | 7,500,000 | 0 | 5,600,000 |
| Hire Purchase and Lease Commitments | -3,000 | 27,000 | 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 | -2,021 | -3,580 | -3,579 | 9,180 |
| share issue | ||||||||||||||
| interest | -48,000 | -109,000 | 246,000 | 392,000 | -933,383 | -770,585 | -513,900 | -418,516 | -163,088 | -42,964 | -32,337 | -20,489 | -20,997 | 8,018 |
| cash flow from financing | 2,386,000 | -5,768,000 | 887,000 | -6,384,948 | -2,066,783 | 3,862,815 | 3,814,101 | 1,581,484 | 836,912 | -5,542,964 | -1,789,444 | -74,069 | 7,270,424 | 20,204,704 |
| cash and cash equivalents | ||||||||||||||
| cash | 9,137,000 | -19,263,000 | 13,285,000 | -7,888,331 | 2,980,013 | 9,488,337 | 2,574,098 | 2,261,754 | -6,190,910 | 2,446,025 | -520,611 | 1,103,154 | 10,716 | 3,539,755 |
| overdraft | 0 | 0 | 0 | -975,558 | 975,558 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,200,000 | 2,200,000 |
| change in cash | 9,137,000 | -19,263,000 | 13,285,000 | -6,912,773 | 2,004,455 | 9,488,337 | 2,574,098 | 2,261,754 | -6,190,910 | 2,446,025 | -520,611 | 1,103,154 | 2,210,716 | 1,339,755 |
P&L
March 2023turnover
39.1m
+263%
operating profit
4m
-656%
gross margin
21%
+9.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
40.6m
+0.07%
total assets
51m
+0.13%
cash
13m
+2.39%
net assets
Total assets minus all liabilities
Similar Companies
prowting group ltd company details
company number
02153228
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
64929 - Other credit granting (not including credit granting by non-deposit taking finance houses and other specialist consumer credit grantors and activities of mortgage finance companies) n.e.c.
41100 - Development of building projects
incorporation date
August 1987
age
37
accounts
Group
ultimate parent company
previous names
prowting investments plc (March 2019)
prowting investments ltd (November 2002)
incorporated
UK
address
13 freeland park wareham road, poole, BH16 6FA
last accounts submitted
March 2023
prowting group ltd 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 8 charges/mortgages relating to prowting group ltd. Currently there are 0 open charges and 8 have been satisfied in the past.
prowting group ltd Companies House Filings - See Documents
| date | description | view/download |
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