Pomanda estimates the enterprise value of PRIORITY PASS LIMITED at £650.8m based on a Turnover of £637.4m and 1.02x industry multiple (adjusted for size and gross margin).
priority pass limitedEstimated Valuation
£131.6m
Pomanda estimates the enterprise value of PRIORITY PASS LIMITED at £131.6m based on an EBITDA of £19.3m and a 6.83x industry multiple (adjusted for size and gross margin).
priority pass limitedEstimated Valuation
£112.4m
Pomanda estimates the enterprise value of PRIORITY PASS LIMITED at £112.4m based on Net Assets of £45.9m and 2.45x industry multiple (adjusted for liquidity).
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Priority Pass LimitedOverview
Priority Pass Limited is a live company located in london, SE1 2AQ with a Companies House number of 02728518. It operates in the activities of other membership organizations n.e.c. sector, SIC Code 94990. Founded in July 1992, it's largest shareholder is
priority travel group (holdings) limited
with a 100% stake. Priority Pass Limited is a mature,
mega sized company, Pomanda has estimated its turnover at
£637.4m with
rapid
growth in recent years.
Pomanda's financial health check has awarded Priority Pass Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
5 Strong
0 Regular
6 Weak
Size
annual sales of £637.4m, make it larger than the average company (£404.1k)
£637.4m - Priority Pass Limited
£404.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (7.7%)
81% - Priority Pass Limited
7.7% - Industry AVG
Production
with a gross margin of 9.4%, this company has a higher cost of product (95.1%)
9.4% - Priority Pass Limited
95.1% - Industry AVG
Profitability
an operating margin of 3% make it more profitable than the average company (1.5%)
3% - Priority Pass Limited
1.5% - Industry AVG
Employees
with 21 employees, this is above the industry average (11)
21 - Priority Pass Limited
11 - Industry AVG
Pay Structure
on an average salary of £69.2k, the company has a higher pay structure (£27.5k)
£69.2k - Priority Pass Limited
£27.5k - Industry AVG
Efficiency
resulting in sales per employee of £30.4m, this is more efficient (£52.2k)
£30.4m - Priority Pass Limited
£52.2k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is later than average (12 days)
19 days - Priority Pass Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is quicker than average (29 days)
12 days - Priority Pass Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Priority Pass Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (146 weeks)
1 weeks - Priority Pass Limited
146 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 71.9%, this is a higher level of debt than the average (20.3%)
71.9% - Priority Pass Limited
20.3% - Industry AVG
PRIORITY PASS LIMITED financials
EXPORT
Priority Pass Limited's latest turnover from April 2024 is £637.4 million and the company has net assets of £45.9 million. According to their latest financial statements, Priority Pass Limited has 21 employees and maintains cash reserves of £4.4 million as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Turnover
637,409,752
451,749,635
252,678,713
107,457,885
439,612,818
444,670,848
378,946,268
300,098,372
190,422,373
143,901,904
119,644,983
107,649,175
90,614,785
71,132,537
60,367,915
Other Income Or Grants
Cost Of Sales
577,835,599
399,480,610
222,787,041
83,425,042
396,599,178
402,657,098
340,086,321
263,298,975
158,908,810
119,386,957
98,423,119
87,643,589
70,632,902
57,026,341
46,360,544
Gross Profit
59,574,153
52,269,025
29,891,672
24,032,843
43,013,640
42,013,750
38,859,947
36,799,397
31,513,563
24,514,947
21,221,864
20,005,586
19,981,883
14,106,196
14,007,371
Admin Expenses
40,439,570
38,420,093
24,013,999
15,249,017
33,728,882
29,490,514
29,984,646
23,215,341
23,388,546
22,693,375
9,762,083
13,375,493
10,057,642
6,567,743
6,172,450
Operating Profit
19,134,583
13,848,932
5,877,673
8,783,826
9,284,758
12,523,236
8,875,301
13,584,056
8,125,017
1,821,572
11,459,781
6,630,093
9,924,241
7,538,453
7,834,921
Interest Payable
6,576
87,357
41
27,185
12,896
22,246
7,311
219
142
12
Interest Receivable
3,999,157
1,067,732
848,183
175,567
569,613
439,454
207,973
349,320
77,003
2,033
2,022
1,326
1,095
930
1,035
Pre-Tax Profit
23,127,164
14,829,307
6,725,815
8,959,393
9,854,371
12,962,690
9,056,089
13,970,479
8,179,774
1,823,605
11,454,492
6,631,200
9,925,194
7,539,371
7,835,956
Tax
-5,918,055
-2,836,175
-1,311,455
-1,703,320
-1,838,061
-2,487,038
-1,751,053
-2,821,027
-1,690,714
-491,222
-2,523,694
-1,590,469
-2,565,334
-2,114,608
-2,197,063
Profit After Tax
17,209,109
11,993,132
5,414,360
7,256,073
8,016,310
10,475,652
7,305,036
11,149,452
6,489,060
1,332,383
8,930,798
5,040,731
7,359,860
5,424,763
5,638,893
Dividends Paid
16,727,705
60,000,000
199,996
Retained Profit
17,209,109
-4,734,573
-54,585,640
7,256,073
8,016,310
10,475,652
7,305,036
11,149,452
6,489,060
1,132,387
8,930,798
5,040,731
7,359,860
5,424,763
5,638,893
Employee Costs
1,453,612
17,828,614
17,317,854
14,951,962
13,090,552
10,182,587
5,677,812
6,291,379
6,225,806
5,593,082
5,090,500
3,293,551
3,464,311
2,361,709
2,197,367
Number Of Employees
21
235
244
239
223
167
97
96
80
71
71
61
56
44
40
EBITDA*
19,269,634
14,001,985
6,048,753
8,992,799
9,401,555
12,617,510
8,957,321
13,904,149
8,474,006
2,128,655
11,513,323
6,635,770
10,162,256
7,737,014
7,971,904
* Earnings Before Interest, Tax, Depreciation and Amortisation
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Tangible Assets
324,170
140,493
207,955
274,776
438,682
226,782
130,144
91,197
411,290
649,375
791,458
81,354
479,130
306,425
272,808
Intangible Assets
Investments & Other
2,571,100
2,571,100
1,100
50,000
50,000
50,000
50,000
50,000
Debtors (Due After 1 year)
Total Fixed Assets
2,895,270
2,711,593
207,955
274,776
438,682
226,782
130,144
91,197
461,290
699,375
841,458
131,354
529,130
306,425
272,808
Stock & work in progress
26,904
62,218
Trade Debtors
34,224,506
34,568,774
25,691,495
11,326,933
14,112,168
40,533,341
42,906,848
32,565,512
34,232,408
23,379,447
17,237,444
14,606,124
12,744,979
9,342,797
8,877,321
Group Debtors
70,598,658
59,930,794
54,404,803
106,733,328
107,500,815
96,857,599
84,792,827
83,681,370
92,201,075
79,730,468
76,100,411
94,385,780
58,290,412
42,724,913
30,511,508
Misc Debtors
51,422,500
36,978,232
20,671,429
7,298,653
5,844,675
8,915,095
7,833,361
16,355,605
3,946,275
3,808,828
3,403,874
4,136,492
2,139,458
861,371
717,061
Cash
4,356,069
687,413
6,001,906
1,991,302
17,742,587
21,601,488
15,684,732
12,081,570
2,942,506
5,625,513
4,923,892
4,215,101
2,177,197
2,931,002
3,516,991
misc current assets
total current assets
160,601,733
132,165,213
106,769,633
127,350,216
145,200,245
167,907,523
151,217,768
144,684,057
133,322,264
112,544,256
101,665,621
117,343,497
75,352,046
55,886,987
43,685,099
total assets
163,497,003
134,876,806
106,977,588
127,624,992
145,638,927
168,134,305
151,347,912
144,775,254
133,783,554
113,243,631
102,507,079
117,474,851
75,881,176
56,193,412
43,957,907
Bank overdraft
Bank loan
Trade Creditors
19,283,204
9,286,945
23,092,189
8,978,017
15,756,896
25,429,706
22,092,607
15,975,592
7,840,053
5,204,244
723,386
714,782
1,652,795
1,470,662
1,966,246
Group/Directors Accounts
29,920,280
25,247,676
51,849,122
49,067,535
45,021,374
71,484,797
37,147,758
26,701,595
21,400,440
other short term finances
hp & lease commitments
other current liabilities
68,390,850
69,653,625
45,681,566
30,633,202
49,124,331
69,963,209
66,989,567
73,838,960
32,250,897
23,617,430
22,740,280
20,197,971
17,041,457
15,341,849
13,336,678
total current liabilities
117,594,334
104,188,246
68,773,755
39,611,219
64,881,227
95,392,915
89,082,174
89,814,552
91,940,072
77,889,209
68,485,040
92,397,550
55,842,010
43,514,106
36,703,364
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
1,995,000
9,551,400
total long term liabilities
1,995,000
4,775,700
total liabilities
117,594,334
106,183,246
73,549,455
39,611,219
64,881,227
95,392,915
89,082,174
89,814,552
91,940,072
77,889,209
68,485,040
92,397,550
55,842,010
43,514,106
36,703,364
net assets
45,902,669
28,693,560
33,428,133
88,013,773
80,757,700
72,741,390
62,265,738
54,960,702
41,843,482
35,354,422
34,022,039
25,077,301
20,039,166
12,679,306
7,254,543
total shareholders funds
45,902,669
28,693,560
33,428,133
88,013,773
80,757,700
72,741,390
62,265,738
54,960,702
41,843,482
35,354,422
34,022,039
25,077,301
20,039,166
12,679,306
7,254,543
Apr 2024
Apr 2023
Apr 2022
Apr 2021
Apr 2020
Apr 2019
Apr 2018
Apr 2017
Apr 2016
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Apr 2011
Apr 2010
Operating Activities
Operating Profit
19,134,583
13,848,932
5,877,673
8,783,826
9,284,758
12,523,236
8,875,301
13,584,056
8,125,017
1,821,572
11,459,781
6,630,093
9,924,241
7,538,453
7,834,921
Depreciation
135,051
153,053
171,080
208,973
116,797
94,274
82,020
320,093
348,989
307,083
53,542
5,677
238,015
198,561
136,983
Amortisation
Tax
-5,918,055
-2,836,175
-1,311,455
-1,703,320
-1,838,061
-2,487,038
-1,751,053
-2,821,027
-1,690,714
-491,222
-2,523,694
-1,590,469
-2,565,334
-2,114,608
-2,197,063
Stock
-26,904
-35,314
62,218
Debtors
24,767,864
30,710,073
-24,591,187
-2,098,744
-18,848,377
10,772,999
2,930,549
2,222,729
23,461,015
10,177,014
-16,386,667
39,953,547
20,245,768
12,823,191
40,105,890
Creditors
9,996,259
-13,805,244
14,114,172
-6,778,879
-9,672,810
3,337,099
6,117,015
8,135,539
2,635,809
4,480,858
8,604
-938,013
182,133
-495,584
1,966,246
Accruals and Deferred Income
-1,262,775
23,972,059
15,048,364
-18,491,129
-20,838,878
2,973,642
-6,849,393
41,588,063
8,633,467
877,150
2,542,309
3,156,514
1,699,608
2,005,171
13,336,678
Deferred Taxes & Provisions
-1,995,000
-7,556,400
9,551,400
Cash flow from operations
-4,677,801
-16,933,848
68,042,421
-15,881,785
-4,099,817
5,668,214
3,543,341
58,583,995
-5,408,447
-3,181,573
27,927,209
-32,689,745
-10,740,201
-5,655,884
-19,090,343
Investing Activities
capital expenditure
-318,728
-85,591
-104,259
-45,067
-328,697
-190,912
-120,967
-110,904
-165,000
-763,646
392,099
-410,720
-232,178
-185,955
Change in Investments
2,571,100
-1,100
1,100
-50,000
50,000
cash flow from investments
-318,728
-2,656,691
-103,159
-46,167
-328,697
-190,912
-120,967
50,000
-110,904
-165,000
-763,646
392,099
-460,720
-232,178
-185,955
Financing Activities
Bank loans
Group/Directors Accounts
4,672,604
25,247,676
-51,849,122
2,781,587
4,046,161
-26,463,423
34,337,039
10,446,163
5,301,155
21,400,440
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
1,967,768
199,996
13,940
-2,596
1,615,650
interest
3,992,581
980,375
848,142
175,567
569,613
439,454
180,788
336,424
54,757
2,033
-5,289
1,107
953
918
1,035
cash flow from financing
8,665,185
26,228,051
848,142
175,567
569,613
439,454
180,788
-49,544,930
2,836,344
4,248,190
-26,454,772
34,335,550
10,447,116
5,302,073
23,017,125
cash and cash equivalents
cash
3,668,656
-5,314,493
4,010,604
-15,751,285
-3,858,901
5,916,756
3,603,162
9,139,064
-2,683,007
701,621
708,791
2,037,904
-753,805
-585,989
3,516,991
overdraft
change in cash
3,668,656
-5,314,493
4,010,604
-15,751,285
-3,858,901
5,916,756
3,603,162
9,139,064
-2,683,007
701,621
708,791
2,037,904
-753,805
-585,989
3,516,991
priority pass limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for priority pass limited. Get real-time insights into priority pass limited's credit score, group structure and payment trends.
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94990 - Activities of other membership organisations n.e.c.
incorporation date
July 1992
age
33
incorporated
UK
ultimate parent company
PARMINDER LTD
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2024
previous names
assistsolve limited (July 1992)
accountant
-
auditor
-
address
3 more london riverside, 5th floor, london, SE1 2AQ
Bank
BARCLAYS BANK PLC
Legal Advisor
-
priority pass 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 6 charges/mortgages relating to priority pass limited. Currently there are 2 open charges and 4 have been satisfied in the past.
priority pass 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.
Click to start generating capital raising & share issue transactions for PRIORITY PASS LIMITED. This can take several minutes, an email will notify you when this has completed.
priority pass limitedCompanies House Filings - See Documents
