prosearch asset solutions limited
prosearch asset solutions limited Company Information
Company Number
02158381
Website
www.prosearchassets.comRegistered Address
aspect house spencer road, lancing, west sussex, BN99 6DA
Industry
Activities of financial services holding companies
Telephone
03713842735
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
equiniti holdings ltd 100%
prosearch asset solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROSEARCH ASSET SOLUTIONS LIMITED at £2m based on a Turnover of £1.8m and 1.09x industry multiple (adjusted for size and gross margin).
prosearch asset solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROSEARCH ASSET SOLUTIONS LIMITED at £0 based on an EBITDA of £-1.6m and a 4.42x industry multiple (adjusted for size and gross margin).
prosearch asset solutions limited Estimated Valuation
Pomanda estimates the enterprise value of PROSEARCH ASSET SOLUTIONS LIMITED at £17.1m based on Net Assets of £10.8m and 1.58x industry multiple (adjusted for liquidity).
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Prosearch Asset Solutions Limited Overview
Prosearch Asset Solutions Limited is a live company located in west sussex, BN99 6DA with a Companies House number of 02158381. It operates in the activities of financial services holding companies sector, SIC Code 64205. Founded in August 1987, it's largest shareholder is equiniti holdings ltd with a 100% stake. Prosearch Asset Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.
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Prosearch Asset Solutions Limited Health Check
Pomanda's financial health check has awarded Prosearch Asset Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£10.4m)
£1.8m - Prosearch Asset Solutions Limited
£10.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -32%, show it is growing at a slower rate (8.5%)
-32% - Prosearch Asset Solutions Limited
8.5% - Industry AVG
Production
with a gross margin of 77.6%, this company has a comparable cost of product (77.6%)
77.6% - Prosearch Asset Solutions Limited
77.6% - Industry AVG
Profitability
an operating margin of -91.4% make it less profitable than the average company (11%)
-91.4% - Prosearch Asset Solutions Limited
11% - Industry AVG
Employees
with 9 employees, this is below the industry average (63)
- Prosearch Asset Solutions Limited
63 - Industry AVG
Pay Structure
on an average salary of £81.8k, the company has an equivalent pay structure (£81.8k)
- Prosearch Asset Solutions Limited
£81.8k - Industry AVG
Efficiency
resulting in sales per employee of £199.7k, this is equally as efficient (£213.6k)
- Prosearch Asset Solutions Limited
£213.6k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (45 days)
32 days - Prosearch Asset Solutions Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 11 days, this is quicker than average (51 days)
11 days - Prosearch Asset Solutions Limited
51 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prosearch Asset Solutions Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prosearch Asset Solutions Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.7%, this is a lower level of debt than the average (57.7%)
5.7% - Prosearch Asset Solutions Limited
57.7% - Industry AVG
PROSEARCH ASSET SOLUTIONS LIMITED financials
Prosearch Asset Solutions Limited's latest turnover from December 2022 is £1.8 million and the company has net assets of £10.8 million. According to their latest financial statements, we estimate that Prosearch Asset Solutions Limited has 9 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 1,797,000 | 1,694,000 | 4,130,000 | 5,830,000 | 4,999,000 | 7,895,000 | 6,729,000 | 5,153,000 | 4,148,000 | 4,428,000 | 5,131,000 | 6,766,000 | 7,298,000 | 4,391,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -1,642,000 | 4,733,000 | 5,339,000 | 2,121,000 | ||||||||||
| Interest Payable | 0 | 7,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| Pre-Tax Profit | -1,642,000 | -2,342,000 | 295,000 | 2,805,000 | 1,853,000 | 4,317,000 | 2,959,000 | 2,260,000 | 1,742,000 | 1,929,000 | 2,933,000 | 4,733,000 | 5,339,000 | 2,122,000 |
| Tax | 302,000 | 466,000 | -40,000 | -514,000 | -246,000 | -831,000 | -596,000 | -458,000 | -378,000 | -451,000 | -721,000 | -1,255,000 | -1,495,000 | -603,000 |
| Profit After Tax | -1,340,000 | -1,876,000 | 255,000 | 2,291,000 | 1,607,000 | 3,486,000 | 2,363,000 | 1,802,000 | 1,364,000 | 1,478,000 | 2,212,000 | 3,478,000 | 3,844,000 | 1,519,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4,299,000 | 3,502,000 | 3,500,000 | 3,500,000 | 0 |
| Retained Profit | -1,340,000 | -1,876,000 | 255,000 | 2,291,000 | 1,607,000 | 3,486,000 | 2,363,000 | 1,802,000 | 1,364,000 | -2,821,000 | -1,290,000 | -22,000 | 344,000 | 1,519,000 |
| Employee Costs | 0 | 0 | 0 | 0 | 1,013,000 | 1,012,000 | 1,195,000 | 1,099,000 | 1,061,000 | 867,000 | 1,072,000 | 815,000 | 562,000 | |
| Number Of Employees | 35 | 36 | 40 | 43 | 43 | 27 | 19 | 13 | 14 | |||||
| EBITDA* | -1,626,000 | 4,742,000 | 5,348,000 | 2,132,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 0 | 22,000 | 16,000 | 14,000 | 13,000 | 17,000 | 57,000 | 52,000 | 25,000 | 20,000 | 3,540,000 | 5,766,000 | 2,818,000 | 4,490,000 |
| Intangible Assets | 0 | 14,000 | 40,000 | 67,000 | 91,000 | 114,000 | 82,000 | 8,000 | 1,000 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 22,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,515,000 | 5,734,000 | 2,787,000 | 4,463,000 |
| Debtors (Due After 1 year) | 0 | 20,000 | 11,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 22,000 | 36,000 | 56,000 | 78,000 | 104,000 | 131,000 | 139,000 | 60,000 | 26,000 | 20,000 | 3,540,000 | 5,766,000 | 2,818,000 | 4,490,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 161,000 | 110,000 | 100,000 | 177,000 | 114,000 | 387,000 | 1,153,000 | 212,000 | 45,000 | 459,000 | 165,000 | 215,000 | 2,543,000 | 303,000 |
| Group Debtors | 10,504,000 | 10,698,000 | 14,650,000 | 13,292,000 | 10,972,000 | 10,265,000 | 9,297,000 | 5,334,000 | 3,904,000 | 1,454,000 | 0 | 0 | 0 | 0 |
| Misc Debtors | 2,000 | 323,000 | 266,000 | 3,000 | 37,000 | 36,000 | 46,000 | 842,000 | 285,000 | 278,000 | 581,000 | 470,000 | 1,600,000 | 754,000 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43,000 | 406,000 | 106,000 | 132,000 | 115,000 |
| misc current assets | 758,000 | 698,000 | 1,087,000 | 1,606,000 | 1,316,000 | 1,250,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,425,000 | 12,284,000 | 16,103,000 | 15,078,000 | 12,439,000 | 11,938,000 | 10,496,000 | 6,388,000 | 4,234,000 | 2,234,000 | 1,152,000 | 791,000 | 4,275,000 | 1,172,000 |
| total assets | 11,447,000 | 12,320,000 | 16,159,000 | 15,156,000 | 12,543,000 | 12,069,000 | 10,635,000 | 6,448,000 | 4,260,000 | 2,254,000 | 4,692,000 | 6,557,000 | 7,093,000 | 5,662,000 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 | 0 |
| Trade Creditors | 13,000 | 7,000 | 132,000 | 0 | 0 | 0 | 0 | 0 | 0 | 19,000 | 5,000 | 61,000 | 0 | 0 |
| Group/Directors Accounts | 567,000 | 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 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 77,000 | 183,000 | 2,021,000 | 1,405,000 | 1,083,000 | 2,214,000 | 4,272,000 | 2,385,000 | 1,999,000 | 1,404,000 | 1,035,000 | 1,554,000 | 2,129,000 | 1,042,000 |
| total current liabilities | 657,000 | 190,000 | 2,153,000 | 1,405,000 | 1,083,000 | 2,214,000 | 4,272,000 | 2,385,000 | 1,999,000 | 1,423,000 | 1,040,000 | 1,615,000 | 2,129,000 | 1,042,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 4,000 | 0 | 132,000 | 132,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 2,000 | 0 | 66,000 | 66,000 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 657,000 | 190,000 | 2,153,000 | 1,405,000 | 1,083,000 | 2,216,000 | 4,272,000 | 2,451,000 | 2,065,000 | 1,423,000 | 1,040,000 | 1,615,000 | 2,129,000 | 1,042,000 |
| net assets | 10,790,000 | 12,130,000 | 14,006,000 | 13,751,000 | 11,460,000 | 9,853,000 | 6,363,000 | 3,997,000 | 2,195,000 | 831,000 | 3,652,000 | 4,942,000 | 4,964,000 | 4,620,000 |
| total shareholders funds | 10,790,000 | 12,130,000 | 14,006,000 | 13,751,000 | 11,460,000 | 9,853,000 | 6,363,000 | 3,997,000 | 2,195,000 | 831,000 | 3,652,000 | 4,942,000 | 4,964,000 | 4,620,000 |
| 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 | -1,642,000 | 4,733,000 | 5,339,000 | 2,121,000 | ||||||||||
| Depreciation | 2,000 | 3,000 | 4,000 | 4,000 | 5,000 | 6,000 | 5,000 | 4,000 | 2,000 | 3,000 | 3,000 | 9,000 | 9,000 | 11,000 |
| Amortisation | 14,000 | 26,000 | 27,000 | 28,000 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 302,000 | 466,000 | -40,000 | -514,000 | -246,000 | -831,000 | -596,000 | -458,000 | -378,000 | -451,000 | -721,000 | -1,255,000 | -1,495,000 | -603,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -484,000 | -3,876,000 | 1,552,000 | 2,352,000 | 435,000 | 192,000 | 4,108,000 | 2,154,000 | 2,043,000 | 1,445,000 | 61,000 | -3,458,000 | 3,086,000 | 1,057,000 |
| Creditors | 6,000 | -125,000 | 132,000 | 0 | 0 | 0 | 0 | 0 | -19,000 | 14,000 | -56,000 | 61,000 | 0 | 0 |
| Accruals and Deferred Income | -106,000 | -1,838,000 | 616,000 | 322,000 | -1,131,000 | -2,058,000 | 1,887,000 | 386,000 | 595,000 | 369,000 | -519,000 | -575,000 | 1,087,000 | 1,042,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -4,000 | 4,000 | -132,000 | 0 | 132,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -940,000 | 6,431,000 | 1,854,000 | 1,514,000 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 22,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,515,000 | -2,219,000 | 2,947,000 | -1,676,000 | 4,463,000 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 567,000 | 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 |
| 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 | ||||||||||||||
| interest | 0 | -7,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 |
| cash flow from financing | 567,000 | -7,000 | 0 | 0 | 0 | 4,000 | 3,000 | 0 | 0 | 0 | 0 | 0 | 0 | 3,102,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,000 | -363,000 | 300,000 | -26,000 | 17,000 | 115,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43,000 | -363,000 | 300,000 | -26,000 | 17,000 | 115,000 |
prosearch asset solutions limited Credit Report and Business Information
Prosearch Asset Solutions Limited Competitor Analysis
Perform a competitor analysis for prosearch asset solutions limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
prosearch asset solutions limited Ownership
PROSEARCH ASSET SOLUTIONS LIMITED group structure
Prosearch Asset Solutions Limited has no subsidiary companies.
Ultimate parent company
2 parents
PROSEARCH ASSET SOLUTIONS LIMITED
02158381
prosearch asset solutions limited directors
Prosearch Asset Solutions Limited currently has 2 directors. The longest serving directors include Mr Robert Bloor (Aug 2021) and Mr Anthony Hall (Jun 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Bloor | United Kingdom | 55 years | Aug 2021 | - | Director |
| Mr Anthony Hall | United Kingdom | 49 years | Jun 2022 | - | Director |
P&L
December 2022turnover
1.8m
+6%
operating profit
-1.6m
0%
gross margin
77.7%
-0.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
10.8m
-0.11%
total assets
11.4m
-0.07%
cash
0
0%
net assets
Total assets minus all liabilities
prosearch asset solutions limited company details
company number
02158381
Type
Private limited with Share Capital
industry
64205 - Activities of financial services holding companies
incorporation date
August 1987
age
37
accounts
Total Exemption Full
ultimate parent company
previous names
trust research services limited (April 2008)
roydouble limited (November 1987)
incorporated
UK
address
aspect house spencer road, lancing, west sussex, BN99 6DA
last accounts submitted
December 2022
prosearch asset solutions 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 3 charges/mortgages relating to prosearch asset solutions limited. Currently there are 1 open charges and 2 have been satisfied in the past.
prosearch asset solutions limited Companies House Filings - See Documents
| date | description | view/download |
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