prodrive automotive technology (europe) limited

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prodrive automotive technology (europe) limited Company Information

Share PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED

Company Number

03255719

Shareholders

prodrive (holdings) ltd

Group Structure

View All

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

 

Registered Address

prodrive headquarters, chalker way, banbury, oxfordshire, OX16 4XD

prodrive automotive technology (europe) limited Estimated Valuation

£5.8m

Pomanda estimates the enterprise value of PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED at £5.8m based on a Turnover of £8.1m and 0.71x industry multiple (adjusted for size and gross margin).

prodrive automotive technology (europe) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED at £0 based on an EBITDA of £-140k and a 5.83x industry multiple (adjusted for size and gross margin).

prodrive automotive technology (europe) limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED at £6.7m based on Net Assets of £2.6m and 2.57x industry multiple (adjusted for liquidity).

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Prodrive Automotive Technology (europe) Limited Overview

Prodrive Automotive Technology (europe) Limited is a live company located in banbury, OX16 4XD with a Companies House number of 03255719. It operates in the other engineering activities sector, SIC Code 71129. Founded in September 1996, it's largest shareholder is prodrive (holdings) ltd with a 100% stake. Prodrive Automotive Technology (europe) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.1m with rapid growth in recent years.

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Prodrive Automotive Technology (europe) Limited Health Check

Pomanda's financial health check has awarded Prodrive Automotive Technology (Europe) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating5out of 5
positive_score

7 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £8.1m, make it larger than the average company (£5.4m)

£8.1m - Prodrive Automotive Technology (europe) Limited

£5.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (8.2%)

34% - Prodrive Automotive Technology (europe) Limited

8.2% - Industry AVG

production

Production

with a gross margin of 52.8%, this company has a lower cost of product (32.8%)

52.8% - Prodrive Automotive Technology (europe) Limited

32.8% - Industry AVG

profitability

Profitability

an operating margin of -3.8% make it less profitable than the average company (5.7%)

-3.8% - Prodrive Automotive Technology (europe) Limited

5.7% - Industry AVG

employees

Employees

with 47 employees, this is above the industry average (36)

47 - Prodrive Automotive Technology (europe) Limited

36 - Industry AVG

paystructure

Pay Structure

on an average salary of £50.6k, the company has an equivalent pay structure (£58.3k)

£50.6k - Prodrive Automotive Technology (europe) Limited

£58.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £172.7k, this is more efficient (£137.9k)

£172.7k - Prodrive Automotive Technology (europe) Limited

£137.9k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 38 days, this is earlier than average (66 days)

38 days - Prodrive Automotive Technology (europe) Limited

66 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 114 days, this is slower than average (27 days)

114 days - Prodrive Automotive Technology (europe) Limited

27 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 263 days, this is more than average (36 days)

263 days - Prodrive Automotive Technology (europe) Limited

36 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)

0 weeks - Prodrive Automotive Technology (europe) Limited

18 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 59.3%, this is a similar level of debt than the average (57.7%)

59.3% - Prodrive Automotive Technology (europe) Limited

57.7% - Industry AVG

PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED financials

EXPORTms excel logo

Prodrive Automotive Technology (Europe) Limited's latest turnover from December 2023 is £8.1 million and the company has net assets of £2.6 million. According to their latest financial statements, Prodrive Automotive Technology (Europe) Limited has 47 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover8,115,0009,984,0007,708,0003,364,0005,525,0005,763,0007,034,0009,015,00010,437,00012,286,00013,250,00020,356,00017,798,0006,506,0004,403,000
Other Income Or Grants000000000000000
Cost Of Sales3,834,0005,391,0004,081,0001,126,0002,207,0003,367,0004,445,0005,855,0008,303,00010,783,00010,510,00015,610,00013,905,0004,834,0003,507,000
Gross Profit4,281,0004,593,0003,627,0002,238,0003,318,0002,396,0002,589,0003,160,0002,134,0001,503,0002,740,0004,746,0003,893,0001,672,000896,000
Admin Expenses4,593,0003,851,0003,000,0002,639,0003,237,0003,046,0002,036,0001,697,000-5,490,0002,717,0003,279,0004,376,0005,065,0002,889,0002,913,000
Operating Profit-312,000742,000627,000-401,00081,000-650,000553,0001,463,0007,624,000-1,214,000-539,000370,000-1,172,000-1,217,000-2,017,000
Interest Payable16,00014,0007,0009,00015,00015,00034,00042,00052,00057,0006,0006,0000016,000
Interest Receivable000000000000000
Pre-Tax Profit-328,000728,000620,000-410,00066,000-665,000519,0001,421,0007,572,000-1,271,000-545,000364,000-1,172,000-1,217,000-2,033,000
Tax0000000310,000675,000000000
Profit After Tax-328,000728,000620,000-410,00066,000-665,000519,0001,731,0008,247,000-1,271,000-545,000364,000-1,172,000-1,217,000-2,033,000
Dividends Paid000000000000000
Retained Profit-328,000728,000620,000-410,00066,000-665,000519,0001,731,0008,247,000-1,271,000-545,000364,000-1,172,000-1,217,000-2,033,000
Employee Costs2,378,0002,299,0002,012,0001,748,0002,569,8342,795,2022,337,9482,042,0003,366,0005,641,0005,630,0005,488,0003,525,0002,427,0003,400,000
Number Of Employees474744395054485078107112126875180
EBITDA*-140,000907,000740,000-204,000365,000-451,000735,0001,643,0007,830,000-959,000-428,000490,000-1,099,000-1,150,000-1,935,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets570,000617,000407,000315,000451,000563,000415,000585,000749,000960,000179,000267,000288,000171,000232,000
Intangible Assets2,0004,0006,000000000000000
Investments & Other174,000174,000174,000174,000174,000174,000174,000174,000174,000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets746,000795,000587,000489,000625,000737,000589,000759,000923,000960,000179,000267,000288,000171,000232,000
Stock & work in progress2,766,0002,019,0002,600,000372,000542,0001,229,0001,670,0001,132,000488,000578,000295,000714,000974,00091,000144,000
Trade Debtors861,000287,0001,029,00054,0006,000452,000920,000666,0001,083,0001,082,0002,054,0002,616,0002,530,0002,208,000787,000
Group Debtors1,957,0001,834,000701,0001,761,0002,402,0001,556,0002,805,0002,011,000145,000537,0002,255,000231,000416,000416,000413,000
Misc Debtors39,00015,00082,00063,00052,00081,0001,007,000116,000351,000615,000757,000138,000212,000213,000251,000
Cash1,00012,000346,000122,00033,000148,000148,00045,000895,000317,00000997,00000
misc current assets000000000000000
total current assets5,624,0004,167,0004,758,0002,372,0003,035,0003,466,0006,550,0003,970,0002,962,0003,129,0005,361,0003,699,0005,129,0002,928,0001,595,000
total assets6,370,0004,962,0005,345,0002,861,0003,660,0004,203,0007,139,0004,729,0003,885,0004,089,0005,540,0003,966,0005,417,0003,099,0001,827,000
Bank overdraft1,306,00000000012,000001,238,000469,000010,000545,000
Bank loan000000000000000
Trade Creditors 1,201,000782,0001,383,000638,000629,000725,0001,556,0001,002,0001,586,0001,565,0001,833,0002,285,0005,325,000806,000344,000
Group/Directors Accounts28,000129,00023,00032,00020,000102,00025,000041,0008,072,0005,948,0004,660,0004,757,0005,243,0004,248,000
other short term finances000000301,000399,0000000000
hp & lease commitments54,00081,00059,00057,00054,00084,000109,000147,000167,000152,000039,000000
other current liabilities1,042,000849,0001,659,000475,000830,0001,183,0002,540,000699,000935,000954,000585,000568,000584,000391,000766,000
total current liabilities3,631,0001,841,0003,124,0001,202,0001,533,0002,094,0004,531,0002,259,0002,729,00010,743,0009,604,0008,021,00010,666,0006,450,0005,903,000
loans000000000000000
hp & lease commitments149,000203,00031,00089,000146,000194,00028,000137,000284,000451,00000000
Accruals and Deferred Income00000000001,500,0002,046,0001,216,0001,942,0000
other liabilities000000000000000
provisions0000000272,000542,000812,0001,082,0000000
total long term liabilities149,000203,00031,00089,000146,000194,00028,000409,000826,0001,263,0002,582,0002,046,0001,216,0001,942,0000
total liabilities3,780,0002,044,0003,155,0001,291,0001,679,0002,288,0004,559,0002,668,0003,555,00012,006,00012,186,00010,067,00011,882,0008,392,0005,903,000
net assets2,590,0002,918,0002,190,0001,570,0001,981,0001,915,0002,580,0002,061,000330,000-7,917,000-6,646,000-6,101,000-6,465,000-5,293,000-4,076,000
total shareholders funds2,590,0002,918,0002,190,0001,570,0001,981,0001,915,0002,580,0002,061,000330,000-7,917,000-6,646,000-6,101,000-6,465,000-5,293,000-4,076,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-312,000742,000627,000-401,00081,000-650,000553,0001,463,0007,624,000-1,214,000-539,000370,000-1,172,000-1,217,000-2,017,000
Depreciation170,000163,000113,000197,000284,000199,000182,000180,000206,000255,000111,000120,00073,00067,00082,000
Amortisation2,0002,0000000000000000
Tax0000000310,000675,000000000
Stock747,000-581,0002,228,000-170,000-687,000-441,000538,000644,000-90,000283,000-419,000-260,000883,000-53,000144,000
Debtors721,000324,000-66,000-582,000371,000-2,643,0001,939,0001,214,000-655,000-2,832,0002,081,000-173,000321,0001,386,0001,451,000
Creditors419,000-601,000745,0009,000-96,000-831,000554,000-584,00021,000-268,000-452,000-3,040,0004,519,000462,000344,000
Accruals and Deferred Income193,000-810,0001,184,000-355,000-353,000-1,357,0001,841,000-236,000-19,000-1,131,000-529,000814,000-533,0001,567,000766,000
Deferred Taxes & Provisions000000-272,000-270,000-270,000-270,0001,082,0000000
Cash flow from operations-996,000-247,000507,000202,000232,000445,000381,000-995,0008,982,000-79,000-1,989,000-1,303,0001,683,000-454,000-2,420,000
Investing Activities
capital expenditure-123,000-373,000-211,000-61,000-172,000-347,000-12,000-16,0005,000-1,036,000-23,000-99,000-190,000-6,000-314,000
Change in Investments00000000174,000000000
cash flow from investments-123,000-373,000-211,000-61,000-172,000-347,000-12,000-16,000-169,000-1,036,000-23,000-99,000-190,000-6,000-314,000
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-101,000106,000-9,00012,000-82,00077,00025,000-41,000-8,031,0002,124,0001,288,000-97,000-486,000995,0004,248,000
Other Short Term Loans 00000-301,000-98,000399,0000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments-81,000194,000-56,000-54,000-78,000141,000-147,000-167,000-152,000603,000-39,00039,000000
other long term liabilities000000000000000
share issue000-1,0000000000000-2,043,000
interest-16,000-14,000-7,000-9,000-15,000-15,000-34,000-42,000-52,000-57,000-6,000-6,00000-16,000
cash flow from financing-198,000286,000-72,000-52,000-175,000-98,000-254,000149,000-8,235,0002,670,0001,243,000-64,000-486,000995,0002,189,000
cash and cash equivalents
cash-11,000-334,000224,00089,000-115,0000103,000-850,000578,000317,0000-997,000997,00000
overdraft1,306,00000000-12,00012,0000-1,238,000769,000469,000-10,000-535,000545,000
change in cash-1,317,000-334,000224,00089,000-115,0000115,000-862,000578,0001,555,000-769,000-1,466,0001,007,000535,000-545,000

prodrive automotive technology (europe) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Prodrive Automotive Technology (europe) Limited Competitor Analysis

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Perform a competitor analysis for prodrive automotive technology (europe) limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in OX16 area or any other competitors across 12 key performance metrics.

prodrive automotive technology (europe) limited Ownership

PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED group structure

Prodrive Automotive Technology (Europe) Limited has 2 subsidiary companies.

Ultimate parent company

2 parents

PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED

03255719

2 subsidiaries

PRODRIVE AUTOMOTIVE TECHNOLOGY (EUROPE) LIMITED Shareholders

prodrive (holdings) ltd 100%

prodrive automotive technology (europe) limited directors

Prodrive Automotive Technology (Europe) Limited currently has 1 director, Mr Tim Colchester serving since Jan 2014.

officercountryagestartendrole
Mr Tim ColchesterEngland53 years Jan 2014- Director

P&L

December 2023

turnover

8.1m

-19%

operating profit

-312k

-142%

gross margin

52.8%

+14.67%

turnover

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

Balance Sheet

December 2023

net assets

2.6m

-0.11%

total assets

6.4m

+0.28%

cash

1k

-0.92%

net assets

Total assets minus all liabilities

prodrive automotive technology (europe) limited company details

company number

03255719

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

September 1996

age

29

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

tickford engineering limited (December 2001)

ingleby (940) limited (May 1997)

accountant

-

auditor

GRANT THORNTON UK LLP

address

prodrive headquarters, chalker way, banbury, oxfordshire, OX16 4XD

Bank

-

Legal Advisor

-

prodrive automotive technology (europe) 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 prodrive automotive technology (europe) limited.

prodrive automotive technology (europe) 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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prodrive automotive technology (europe) limited Companies House Filings - See Documents

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