prelude software limited
prelude software limited Company Information
Company Number
02985428
Next Accounts
Oct 2025
Shareholders
systems 80 limited
Group Structure
View All
Industry
Business and domestic software development
Registered Address
31 village farm, bonvilston, vale of glamorgan, CF5 6TY
Website
http://diamond-discovery.comprelude software limited Estimated Valuation
Pomanda estimates the enterprise value of PRELUDE SOFTWARE LIMITED at £1.1m based on a Turnover of £1.5m and 0.69x industry multiple (adjusted for size and gross margin).
prelude software limited Estimated Valuation
Pomanda estimates the enterprise value of PRELUDE SOFTWARE LIMITED at £429.3k based on an EBITDA of £101.8k and a 4.22x industry multiple (adjusted for size and gross margin).
prelude software limited Estimated Valuation
Pomanda estimates the enterprise value of PRELUDE SOFTWARE LIMITED at £1m based on Net Assets of £421.2k and 2.38x industry multiple (adjusted for liquidity).
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Prelude Software Limited Overview
Prelude Software Limited is a live company located in vale of glamorgan, CF5 6TY with a Companies House number of 02985428. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 1994, it's largest shareholder is systems 80 limited with a 100% stake. Prelude Software Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with rapid growth in recent years.
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Prelude Software Limited Health Check
Pomanda's financial health check has awarded Prelude Software Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£3.8m)
- Prelude Software Limited
£3.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (10.5%)
- Prelude Software Limited
10.5% - Industry AVG
Production
with a gross margin of 42.4%, this company has a higher cost of product (73.6%)
- Prelude Software Limited
73.6% - Industry AVG
Profitability
an operating margin of 6.6% make it more profitable than the average company (4%)
- Prelude Software Limited
4% - Industry AVG
Employees
with 5 employees, this is below the industry average (35)
5 - Prelude Software Limited
35 - Industry AVG
Pay Structure
on an average salary of £69.1k, the company has an equivalent pay structure (£69.1k)
- Prelude Software Limited
£69.1k - Industry AVG
Efficiency
resulting in sales per employee of £307.7k, this is more efficient (£121.1k)
- Prelude Software Limited
£121.1k - Industry AVG
Debtor Days
it gets paid by customers after 176 days, this is later than average (58 days)
- Prelude Software Limited
58 days - Industry AVG
Creditor Days
its suppliers are paid after 140 days, this is slower than average (39 days)
- Prelude Software Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prelude Software Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prelude Software Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.8%, this is a lower level of debt than the average (59.8%)
44.8% - Prelude Software Limited
59.8% - Industry AVG
PRELUDE SOFTWARE LIMITED financials
Prelude Software Limited's latest turnover from January 2024 is estimated at £1.5 million and the company has net assets of £421.2 thousand. According to their latest financial statements, Prelude Software Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 5 | 5 | 5 | 5 | 5 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,990 | 27,125 | 27,351 | 27,351 | 27,351 | 28,302 | 31,678 | 35,313 | 35,676 | 26,837 | 26,140 | 28,256 | 29,650 | 23,052 | 26,121 |
| Intangible Assets | 10,400 | 10,400 | 10,400 | 10,400 | 10,400 | 10,400 | |||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 19,990 | 27,125 | 27,351 | 27,351 | 27,351 | 28,302 | 31,678 | 35,313 | 35,676 | 37,237 | 36,540 | 38,656 | 40,050 | 33,452 | 36,521 |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 743,251 | 722,644 | 506,692 | 314,052 | 382,774 | 388,633 | 288,365 | 74,834 | 66,920 | 77,129 | 85,038 | 88,428 | 110,104 | 153,374 | 199,662 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 754 | 1,436 | 2,219 | 1,701 | |||||||||||
| misc current assets | |||||||||||||||
| total current assets | 743,251 | 722,644 | 506,692 | 314,052 | 382,774 | 388,633 | 288,365 | 74,834 | 66,920 | 77,129 | 85,792 | 89,864 | 112,323 | 155,075 | 199,662 |
| total assets | 763,241 | 749,769 | 534,043 | 341,403 | 410,125 | 416,935 | 320,043 | 110,147 | 102,596 | 114,366 | 122,332 | 128,520 | 152,373 | 188,527 | 236,183 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 342,009 | 404,859 | 294,636 | 114,989 | 231,422 | 271,900 | 238,681 | 155,534 | 133,342 | 119,694 | 83,290 | 82,321 | 85,553 | 89,132 | 100,604 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | |||||||||||||||
| total current liabilities | 342,009 | 404,859 | 294,636 | 114,989 | 231,422 | 271,900 | 238,681 | 155,534 | 133,342 | 119,694 | 83,290 | 82,321 | 85,553 | 89,132 | 100,604 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 120,465 | 159,174 | 184,453 | 225,699 | 242,979 | 217,919 | 200,626 | 212,798 | 208,708 | ||||||
| provisions | 21,662 | 2,762 | 3,217 | ||||||||||||
| total long term liabilities | 21,662 | 2,762 | 123,682 | 159,174 | 184,453 | 225,699 | 242,979 | 217,919 | 200,626 | 212,798 | 208,708 | ||||
| total liabilities | 342,009 | 404,859 | 294,636 | 114,989 | 253,084 | 274,662 | 362,363 | 314,708 | 317,795 | 345,393 | 326,269 | 300,240 | 286,179 | 301,930 | 309,312 |
| net assets | 421,232 | 344,910 | 239,407 | 226,414 | 157,041 | 142,273 | -42,320 | -204,561 | -215,199 | -231,027 | -203,937 | -171,720 | -133,806 | -113,403 | -73,129 |
| total shareholders funds | 421,232 | 344,910 | 239,407 | 226,414 | 157,041 | 142,273 | -42,320 | -204,561 | -215,199 | -231,027 | -203,937 | -171,720 | -133,806 | -113,403 | -73,129 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 3,216 | 3,506 | 3,726 | 3,069 | 3,315 | ||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | 20,607 | 215,952 | 192,640 | -68,722 | -5,859 | 100,268 | 213,531 | 7,914 | -10,209 | -7,909 | -3,390 | -21,676 | -43,270 | -46,288 | 199,662 |
| Creditors | -62,850 | 110,223 | 179,647 | -116,433 | -40,478 | 33,219 | 83,147 | 22,192 | 13,648 | 36,404 | 969 | -3,232 | -3,579 | -11,472 | 100,604 |
| Accruals and Deferred Income | |||||||||||||||
| Deferred Taxes & Provisions | -21,662 | 18,900 | -455 | 3,217 | |||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -120,465 | -38,709 | -25,279 | -41,246 | -17,280 | 25,060 | 17,293 | -12,172 | 4,090 | 208,708 | |||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -754 | -682 | -783 | 518 | 1,701 | ||||||||||
| overdraft | |||||||||||||||
| change in cash | -754 | -682 | -783 | 518 | 1,701 |
prelude software limited Credit Report and Business Information
Prelude Software Limited Competitor Analysis
Perform a competitor analysis for prelude software limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in CF5 area or any other competitors across 12 key performance metrics.
prelude software limited Ownership
PRELUDE SOFTWARE LIMITED group structure
Prelude Software Limited has no subsidiary companies.
prelude software limited directors
Prelude Software Limited currently has 2 directors. The longest serving directors include Dr Ian Vickers (Oct 2006) and Dr Stephen Vickers (May 2007).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Dr Ian Vickers | United Kingdom | 57 years | Oct 2006 | - | Director |
| Dr Stephen Vickers | Wales | 54 years | May 2007 | - | Director |
P&L
January 2024turnover
1.5m
+12%
operating profit
101.8k
0%
gross margin
42.5%
-0.09%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
421.2k
+0.22%
total assets
763.2k
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
prelude software limited company details
company number
02985428
Type
Private limited with Share Capital
industry
62012 - Business and domestic software development
incorporation date
November 1994
age
31
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
January 2024
previous names
diamond discovery software ltd (January 2019)
parastillation (wales) limited (May 1999)
accountant
-
auditor
-
address
31 village farm, bonvilston, vale of glamorgan, CF5 6TY
Bank
-
Legal Advisor
-
prelude software 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 did not find charges/mortgages relating to prelude software limited.
prelude software 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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prelude software limited Companies House Filings - See Documents
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