principle cleaning services limited

principle cleaning services limited Company Information

Share PRINCIPLE CLEANING SERVICES LIMITED
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Company Number

02333935

Industry

Cleaning services (other than disinfecting and extermination services) n.e.c.

 

Directors

Douglas Cooke

Terry Murphy

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Shareholders

douglas paul cooke

peter john smith

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Group Structure

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Contact

Registered Address

solar house romford road, london, E15 4LJ

principle cleaning services limited Estimated Valuation

£105.4m

Pomanda estimates the enterprise value of PRINCIPLE CLEANING SERVICES LIMITED at £105.4m based on a Turnover of £93.5m and 1.13x industry multiple (adjusted for size and gross margin).

principle cleaning services limited Estimated Valuation

£49.1m

Pomanda estimates the enterprise value of PRINCIPLE CLEANING SERVICES LIMITED at £49.1m based on an EBITDA of £7.9m and a 6.18x industry multiple (adjusted for size and gross margin).

principle cleaning services limited Estimated Valuation

£11.5m

Pomanda estimates the enterprise value of PRINCIPLE CLEANING SERVICES LIMITED at £11.5m based on Net Assets of £5.1m and 2.25x industry multiple (adjusted for liquidity).

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Principle Cleaning Services Limited Overview

Principle Cleaning Services Limited is a live company located in london, E15 4LJ with a Companies House number of 02333935. It operates in the other cleaning services sector, SIC Code 81299. Founded in January 1989, it's largest shareholder is douglas paul cooke with a 94.2% stake. Principle Cleaning Services Limited is a mature, large sized company, Pomanda has estimated its turnover at £93.5m with high growth in recent years.

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Principle Cleaning Services Limited Health Check

Pomanda's financial health check has awarded Principle Cleaning Services Limited 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

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £93.5m, make it larger than the average company (£131.5k)

£93.5m - Principle Cleaning Services Limited

£131.5k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 27%, show it is growing at a faster rate (9.7%)

27% - Principle Cleaning Services Limited

9.7% - Industry AVG

production

Production

with a gross margin of 19.4%, this company has a higher cost of product (32.4%)

19.4% - Principle Cleaning Services Limited

32.4% - Industry AVG

profitability

Profitability

an operating margin of 8.2% make it more profitable than the average company (5.3%)

8.2% - Principle Cleaning Services Limited

5.3% - Industry AVG

employees

Employees

with 2602 employees, this is above the industry average (9)

2602 - Principle Cleaning Services Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.6k, the company has a higher pay structure (£15k)

£26.6k - Principle Cleaning Services Limited

£15k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £35.9k, this is more efficient (£27.5k)

£35.9k - Principle Cleaning Services Limited

£27.5k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is later than average (36 days)

59 days - Principle Cleaning Services Limited

36 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 32 days, this is slower than average (17 days)

32 days - Principle Cleaning Services Limited

17 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (3 days)

0 days - Principle Cleaning Services Limited

3 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (20 weeks)

18 weeks - Principle Cleaning Services Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 85.9%, this is a higher level of debt than the average (55.7%)

85.9% - Principle Cleaning Services Limited

55.7% - Industry AVG

PRINCIPLE CLEANING SERVICES LIMITED financials

EXPORTms excel logo

Principle Cleaning Services Limited's latest turnover from March 2024 is £93.5 million and the company has net assets of £5.1 million. According to their latest financial statements, Principle Cleaning Services Limited has 2,602 employees and maintains cash reserves of £11 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Turnover93,502,74774,372,42060,594,01346,166,52662,648,36451,146,57942,862,92035,247,82330,762,94426,052,48122,135,41919,580,25718,498,50221,586,76015,227,577
Other Income Or Grants002,003,2798,211,12000000000000
Cost Of Sales75,380,55258,869,22051,336,03344,778,39752,721,27243,426,06435,948,81130,346,35826,446,02922,622,13819,334,30016,833,01215,756,68018,054,50612,625,545
Gross Profit18,122,19515,503,20011,261,2599,599,2499,927,0927,720,5156,914,1094,901,4654,316,9153,430,3432,801,1192,747,2452,741,8223,532,2542,602,032
Admin Expenses10,467,51210,689,8077,222,3536,120,5246,641,6245,611,4255,163,3533,495,1462,600,6542,042,6881,918,4992,517,8412,424,7182,121,8021,485,799
Operating Profit7,654,6834,813,3934,038,9063,478,7253,285,4682,109,0901,750,7561,406,3191,716,2611,387,655882,620229,404317,1041,410,4521,116,233
Interest Payable217,03866,561112,93851,280109,696103,905452,9722,5882,7490002,03227,385
Interest Receivable58,817110,00054,00018,1710003500000453274
Pre-Tax Profit7,496,4624,856,8323,979,9683,445,6163,175,7721,941,4321,521,6991,403,6971,713,6731,384,906882,620229,404317,1081,408,9521,088,922
Tax-2,103,840-1,011,339-876,427-684,768-634,004-386,563-339,470-298,768-379,683-302,878-221,021-55,205-77,958-401,923-316,779
Profit After Tax5,392,6223,845,4933,103,5412,760,8482,541,7681,554,8691,182,2291,104,9291,333,9901,082,028661,599174,199239,1501,007,029772,143
Dividends Paid11,279,3402,520,0002,576,00001,025,0000900,000750,000700,000450,00040,00040,000495,000900,000700,000
Retained Profit-5,886,7181,325,493527,5412,760,8481,516,7681,554,869282,229354,929633,990632,028621,599134,199-255,850107,02972,143
Employee Costs69,225,33654,012,30248,270,38043,661,64946,485,16938,303,00832,390,24224,912,23621,063,98618,110,51115,759,93815,388,81814,338,96516,233,82511,177,262
Number Of Employees2,6022,2282,0622,0432,2562,1682,0211,5621,3781,2961,2801,3171,3981,4091,303
EBITDA*7,946,0985,033,7494,238,8023,635,0443,455,0672,236,6711,875,8081,552,9361,873,5661,523,6401,005,217357,397327,7421,425,6501,235,451

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Tangible Assets814,114573,995489,672348,611392,137487,287411,525340,159406,192299,532233,085237,373263,237300,564226,973
Intangible Assets000000000000000
Investments & Other001,000,000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets814,114573,9951,489,672348,611392,137487,287411,525340,159406,192299,532233,085237,373263,237300,564226,973
Stock & work in progress13,43016,44615,0487,29716,9503,5787,5158,1562,5492,5492,2171,7742,2172,4412,584
Trade Debtors15,354,80410,385,8419,548,6526,268,8819,923,5966,259,4376,096,2893,958,3063,761,2543,537,4803,376,2752,619,1662,352,4482,703,0072,064,530
Group Debtors7,333,3263,734,9515,005,8265,059,1264,069,4672,510,667040,169128,743235,09100000
Misc Debtors1,857,301721,140921,8187,192,0941,968,2802,636,2791,897,3621,132,4911,350,3871,129,212574,904229,683194,859183,52886,482
Cash10,996,85016,166,65412,766,4026,643,4935,700,5091,951,9961,335,5203,289,3162,360,5041,849,5301,224,7281,804,9501,403,740990,2161,014,486
misc current assets000000000000000
total current assets35,555,71131,025,03228,257,74625,170,89121,678,80213,361,9579,336,6868,428,4387,603,4376,753,8625,178,1244,655,5733,953,2643,879,1923,168,082
total assets36,369,82531,599,02729,747,41825,519,50222,070,93913,849,2449,748,2118,768,5978,009,6297,053,3945,411,2094,892,9464,216,5014,179,7563,395,055
Bank overdraft0000000000005,4005,9653,584
Bank loan001,000,000000000000000
Trade Creditors 6,659,5122,490,5811,711,320802,5773,318,6412,165,4411,398,6481,172,897943,3741,040,0621,073,017674,043632,073506,944234,854
Group/Directors Accounts3,598,37501,270,8751,022,3751,024,2191,117,246442,135552,677455,816175,81611,750812,774661,35915,332364,700
other short term finances000000000000000
hp & lease commitments25,61500000023,4353,7162,431000019,456
other current liabilities20,879,12318,103,93114,836,20114,543,06911,280,7625,636,8334,549,2113,982,8213,903,4063,762,0422,210,4051,917,9001,561,2422,056,1231,283,130
total current liabilities31,162,62520,594,51218,818,39616,368,02115,623,6228,919,5206,389,9945,731,8305,306,3124,980,3513,295,1723,404,7172,860,0742,584,3641,905,724
loans001,250,000000000000000
hp & lease commitments0000000021,47925,1950000971
Accruals and Deferred Income000000000000000
other liabilities89,40300000000000000
provisions000056,68455,85939,2210007,6971,48810,88500
total long term liabilities89,40301,250,000056,68455,85939,221021,47925,1957,6971,48810,8850971
total liabilities31,252,02820,594,51220,068,39616,368,02115,680,3068,975,3796,429,2155,731,8305,327,7915,005,5463,302,8693,406,2052,870,9592,584,3641,906,695
net assets5,117,79711,004,5159,679,0229,151,4816,390,6334,873,8653,318,9963,036,7672,681,8382,047,8482,108,3401,486,7411,345,5421,595,3921,488,360
total shareholders funds5,117,79711,004,5159,679,0229,151,4816,390,6334,873,8653,318,9963,036,7672,681,8382,047,8482,108,3401,486,7411,345,5421,595,3921,488,360
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Dec 2010Dec 2009
Operating Activities
Operating Profit7,654,6834,813,3934,038,9063,478,7253,285,4682,109,0901,750,7561,406,3191,716,2611,387,655882,620229,404317,1041,410,4521,116,233
Depreciation291,415220,356199,896156,319169,599127,581125,052146,617157,305135,985122,597127,99310,63815,198119,218
Amortisation000000000000000
Tax-2,103,840-1,011,339-876,427-684,768-634,004-386,563-339,470-298,768-379,683-302,878-221,021-55,205-77,958-401,923-316,779
Stock-3,0161,3987,751-9,65313,372-3,937-6415,6070332443-4432,217-1432,584
Debtors9,703,499-634,364-3,043,8052,558,7584,554,9603,412,7322,862,685-109,418338,601950,6041,102,330301,5422,547,307735,5232,151,012
Creditors4,168,931779,261908,743-2,516,0641,153,200766,793225,751229,523-96,688-32,955398,97441,970632,073272,090234,854
Accruals and Deferred Income2,775,1923,267,730293,1323,262,3075,643,9291,087,622566,39079,415141,3641,551,637292,505356,6581,561,242772,9931,283,130
Deferred Taxes & Provisions000-56,68482516,63839,22100-7,6976,209-9,39710,88500
Cash flow from operations3,085,8988,702,3677,600,3041,090,7305,050,685312,366-494,3441,666,9171,199,9581,780,811379,111390,324-95,5401,333,430283,060
Investing Activities
capital expenditure-531,534-304,679-340,957-112,793-74,4490-189,668-73,200-264,979-190,432-118,309-112,410-78,122-236,577-80,074
Change in Investments0-1,000,0001,000,000000000000000
cash flow from investments-531,534695,321-1,340,957-112,793-74,4490-189,668-73,200-264,979-190,432-118,309-112,410-78,122-236,577-80,074
Financing Activities
Bank loans0-1,000,0001,000,000000000000000
Group/Directors Accounts3,598,375-1,270,875248,500-1,844-93,027675,111-110,54296,861280,000164,066-801,024151,415661,359-349,368364,700
Other Short Term Loans 000000000000000
Long term loans0-1,250,0001,250,000000000000000
Hire Purchase and Lease Commitments25,61500000-23,435-1,760-2,43127,626000-20,42720,427
other long term liabilities89,40300000000000000
share issue000000000-692,52007,0001,601,39231,416,217
interest-158,22143,439-58,938-33,109-109,696-103,905-45-2,622-2,588-2,749004-1,500-27,311
cash flow from financing3,555,172-3,477,4362,439,562-34,953-202,723571,206-134,02292,479274,981-503,577-801,024158,4152,262,755-371,2921,774,033
cash and cash equivalents
cash-5,169,8043,400,2526,122,909942,9843,748,513616,476-1,953,796928,812510,974624,802-580,222401,2101,403,740-24,2701,014,486
overdraft00000000000-5,4005,4002,3813,584
change in cash-5,169,8043,400,2526,122,909942,9843,748,513616,476-1,953,796928,812510,974624,802-580,222406,6101,398,340-26,6511,010,902

principle cleaning services limited Credit Report and Business Information

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Principle Cleaning Services Limited Competitor Analysis

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Perform a competitor analysis for principle cleaning services limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in E15 area or any other competitors across 12 key performance metrics.

principle cleaning services limited Ownership

PRINCIPLE CLEANING SERVICES LIMITED group structure

Principle Cleaning Services Limited has no subsidiary companies.

Ultimate parent company

2 parents

PRINCIPLE CLEANING SERVICES LIMITED

02333935

PRINCIPLE CLEANING SERVICES LIMITED Shareholders

douglas paul cooke 94.22%
peter john smith 5.77%
principle services holdings ltd 0.01%

principle cleaning services limited directors

Principle Cleaning Services Limited currently has 10 directors. The longest serving directors include Mr Douglas Cooke (Jul 1991) and Terry Murphy (Jul 2008).

officercountryagestartendrole
Mr Douglas Cooke72 years Jul 1991- Director
Terry Murphy56 years Jul 2008- Director
Mrs Lilia SilvaUnited Kingdom42 years May 2015- Director
Mr David Saville61 years Jul 2015- Director
Mr Martin Gammon68 years Aug 2015- Director
Mr Thomas LloydEngland45 years Sep 2015- Director
Mr William QuinneyUnited Kingdom72 years Apr 2016- Director
Mr David HoskinsUnited Kingdom63 years May 2016- Director
Mr Matthew KuwertzUnited Kingdom49 years Aug 2016- Director
Mr Alexander CookeUnited Kingdom41 years Jan 2020- Director

P&L

March 2024

turnover

93.5m

+26%

operating profit

7.7m

+59%

gross margin

19.4%

-7.02%

turnover

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

Balance Sheet

March 2024

net assets

5.1m

-0.53%

total assets

36.4m

+0.15%

cash

11m

-0.32%

net assets

Total assets minus all liabilities

principle cleaning services limited company details

company number

02333935

Type

Private limited with Share Capital

industry

81299 - Cleaning services (other than disinfecting and extermination services) n.e.c.

incorporation date

January 1989

age

35

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

March 2024

previous names

principle services limited (January 2005)

accountant

-

auditor

EVELYN PARTNERS LIMITED

address

solar house romford road, london, E15 4LJ

Bank

LLOYDS TSB BANK PLC

Legal Advisor

-

principle cleaning services 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 10 charges/mortgages relating to principle cleaning services limited. Currently there are 6 open charges and 4 have been satisfied in the past.

principle cleaning services limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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principle cleaning services limited Companies House Filings - See Documents

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