preston innovations limited
preston innovations limited Company Information
Company Number
03318338
Next Accounts
Sep 2025
Shareholders
zebco holdings
Group Structure
View All
Industry
Non-specialised wholesale trade
Registered Address
front building, preston innovations ltd, telford, shropshire, TF3 3BJ
Website
www.prestoninnovations.compreston innovations limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTON INNOVATIONS LIMITED at £14.7m based on a Turnover of £27.4m and 0.54x industry multiple (adjusted for size and gross margin).
preston innovations limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTON INNOVATIONS LIMITED at £1.8m based on an EBITDA of £292.2k and a 6.29x industry multiple (adjusted for size and gross margin).
preston innovations limited Estimated Valuation
Pomanda estimates the enterprise value of PRESTON INNOVATIONS LIMITED at £46.6m based on Net Assets of £16.8m and 2.77x industry multiple (adjusted for liquidity).
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Preston Innovations Limited Overview
Preston Innovations Limited is a live company located in telford, TF3 3BJ with a Companies House number of 03318338. It operates in the non-specialised wholesale trade sector, SIC Code 46900. Founded in February 1997, it's largest shareholder is zebco holdings with a 100% stake. Preston Innovations Limited is a mature, large sized company, Pomanda has estimated its turnover at £27.4m with healthy growth in recent years.
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Preston Innovations Limited Health Check
Pomanda's financial health check has awarded Preston Innovations Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £27.4m, make it larger than the average company (£16.2m)
£27.4m - Preston Innovations Limited
£16.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.3%)
4% - Preston Innovations Limited
6.3% - Industry AVG
Production
with a gross margin of 24.5%, this company has a comparable cost of product (27.6%)
24.5% - Preston Innovations Limited
27.6% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (5.1%)
-1.3% - Preston Innovations Limited
5.1% - Industry AVG
Employees
with 78 employees, this is above the industry average (41)
78 - Preston Innovations Limited
41 - Industry AVG
Pay Structure
on an average salary of £30.7k, the company has a lower pay structure (£44.5k)
£30.7k - Preston Innovations Limited
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £351.4k, this is equally as efficient (£376.8k)
£351.4k - Preston Innovations Limited
£376.8k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (52 days)
22 days - Preston Innovations Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (31 days)
3 days - Preston Innovations Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 25 days, this is less than average (78 days)
25 days - Preston Innovations Limited
78 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (14 weeks)
9 weeks - Preston Innovations Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 26.7%, this is a lower level of debt than the average (47.3%)
26.7% - Preston Innovations Limited
47.3% - Industry AVG
PRESTON INNOVATIONS LIMITED financials
Preston Innovations Limited's latest turnover from December 2023 is £27.4 million and the company has net assets of £16.8 million. According to their latest financial statements, Preston Innovations Limited has 78 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 27,408,033 | 23,797,320 | 25,552,918 | 24,296,826 | 18,676,266 | 18,093,769 | 18,084,151 | 17,678,490 | 15,515,362 | 15,336,034 | 14,491,052 | 13,178,168 | 12,687,146 | 11,279,475 | 10,485,296 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 20,697,013 | 16,567,297 | 19,404,866 | 16,910,619 | 13,565,995 | 13,118,999 | 13,346,240 | 12,805,944 | 11,024,942 | 10,573,433 | 10,417,915 | 9,420,058 | 8,544,084 | 7,811,997 | 6,849,096 |
| Gross Profit | 6,711,020 | 7,230,023 | 6,148,052 | 7,386,207 | 5,110,271 | 4,974,770 | 4,737,911 | 4,872,546 | 4,490,420 | 4,762,601 | 4,073,137 | 3,758,110 | 4,143,062 | 3,467,478 | 3,636,200 |
| Admin Expenses | 7,072,587 | 4,826,141 | 4,146,099 | 4,233,299 | 4,222,765 | 4,602,326 | 3,905,675 | 3,442,889 | 2,674,374 | 3,507,762 | 2,781,129 | 2,708,667 | 2,436,121 | 2,370,542 | 1,983,293 |
| Operating Profit | -361,567 | 2,403,882 | 2,001,953 | 3,152,908 | 887,506 | 372,444 | 832,236 | 1,429,657 | 1,816,046 | 1,254,839 | 1,292,008 | 1,049,443 | 1,706,941 | 1,096,936 | 1,652,907 |
| Interest Payable | 45,360 | 2,139 | 37,443 | 40,467 | 47,018 | 68,865 | 80,755 | 47,231 | |||||||
| Interest Receivable | 236 | 689 | 2,910 | 2,028 | 1,219 | 3,056 | 400 | 3,559 | |||||||
| Pre-Tax Profit | -406,927 | 2,403,882 | 2,000,050 | 3,153,597 | 890,416 | 374,472 | 833,455 | 1,432,713 | 1,816,446 | 1,217,396 | 1,251,541 | 1,002,425 | 1,638,076 | 1,016,181 | 1,609,235 |
| Tax | -12,632 | -389,926 | -403,771 | -678,684 | -235,555 | -131,299 | -202,918 | -331,060 | -333,770 | -268,093 | -254,217 | -216,918 | -411,911 | -289,878 | -392,203 |
| Profit After Tax | -419,559 | 2,013,956 | 1,596,279 | 2,474,913 | 654,861 | 243,173 | 630,537 | 1,101,653 | 1,482,676 | 949,303 | 997,324 | 785,507 | 1,226,165 | 726,303 | 1,217,032 |
| Dividends Paid | 600,000 | 250,000 | 250,000 | 530,000 | 900,000 | ||||||||||
| Retained Profit | -419,559 | 2,013,956 | 1,596,279 | 2,474,913 | 654,861 | 243,173 | 630,537 | 1,101,653 | 1,482,676 | 949,303 | 397,324 | 535,507 | 976,165 | 196,303 | 317,032 |
| Employee Costs | 2,397,836 | 2,670,825 | 2,674,442 | 2,544,004 | 2,360,450 | 2,301,857 | 2,076,661 | 2,065,386 | 1,812,609 | 2,447,121 | 1,904,620 | 1,727,328 | 1,539,782 | 1,434,362 | 1,069,960 |
| Number Of Employees | 78 | 90 | 82 | 86 | 83 | 79 | 80 | 83 | 69 | 76 | 74 | 68 | 65 | 60 | 53 |
| EBITDA* | 292,174 | 3,000,261 | 2,617,111 | 3,714,274 | 1,316,442 | 818,052 | 1,078,237 | 1,646,673 | 1,997,553 | 1,427,303 | 1,450,449 | 1,203,099 | 1,858,734 | 1,232,007 | 1,792,789 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 1,346,515 | 1,231,578 | 1,365,071 | 1,600,726 | 1,790,749 | 3,178,231 | 3,881,975 | 2,347,343 | 2,315,789 | 2,205,975 | 2,126,426 | 2,168,639 | 2,143,857 | 2,107,825 | 1,585,812 |
| Intangible Assets | 197,535 | 252,000 | 212,568 | 178,753 | |||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,544,050 | 1,483,578 | 1,577,639 | 1,779,479 | 1,790,749 | 3,178,231 | 3,881,975 | 2,347,343 | 2,315,789 | 2,205,975 | 2,126,426 | 2,168,639 | 2,143,857 | 2,107,825 | 1,585,812 |
| Stock & work in progress | 1,457,990 | 11,677,853 | 8,392,850 | 5,133,067 | 6,604,699 | 5,417,663 | 5,081,579 | 4,691,069 | 4,544,774 | 3,633,529 | 3,636,802 | 3,187,266 | 2,532,780 | 2,260,633 | 1,848,505 |
| Trade Debtors | 1,697,068 | 4,552,316 | 3,698,890 | 2,954,032 | 2,183,826 | 2,186,877 | 1,850,611 | 2,181,920 | 2,190,000 | 2,144,801 | 2,052,051 | 1,890,984 | 2,067,026 | 1,870,711 | 1,622,940 |
| Group Debtors | 17,050,114 | 920,036 | 3,064,630 | 3,238,875 | 1,840 | 4,158,609 | 2,351,380 | 1,618,725 | 789,926 | ||||||
| Misc Debtors | 140,099 | 150,186 | 131,546 | 138,427 | 167,979 | 254,605 | 295,343 | 71,241 | 106,372 | 137,202 | 99,608 | 71,415 | 80,110 | 151,438 | 154,991 |
| Cash | 1,023,301 | 2,926,945 | 1,055,541 | 2,634,853 | 1,884,971 | 931,687 | 1,016,778 | 2,795,741 | 1,468,777 | 795,109 | 982,607 | 926,428 | 1,116,164 | 551,032 | 1,926,373 |
| misc current assets | |||||||||||||||
| total current assets | 21,368,572 | 20,227,336 | 16,343,457 | 14,099,254 | 10,843,315 | 12,949,441 | 10,595,691 | 11,358,696 | 9,099,849 | 6,710,641 | 6,771,068 | 6,076,093 | 5,796,080 | 4,833,814 | 5,552,809 |
| total assets | 22,912,622 | 21,710,914 | 17,921,096 | 15,878,733 | 12,634,064 | 16,127,672 | 14,477,666 | 13,706,039 | 11,415,638 | 8,916,616 | 8,897,494 | 8,244,732 | 7,939,937 | 6,941,639 | 7,138,621 |
| Bank overdraft | 49,242 | ||||||||||||||
| Bank loan | 78,522 | 78,931 | 40,796 | 27,273 | |||||||||||
| Trade Creditors | 179,213 | 1,531,359 | 1,555,344 | 847,824 | 515,260 | 1,411,190 | 614,850 | 665,651 | 316,895 | 496,866 | 418,168 | 574,956 | 601,425 | 688,357 | 435,108 |
| Group/Directors Accounts | 4,759,881 | 1,219,528 | 47,269 | 34,499 | 3,335,736 | 2,628,517 | 2,566,539 | 1,773,987 | 599,359 | ||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 40,113 | 4,423 | |||||||||||||
| other current liabilities | 654,360 | 1,110,847 | 534,460 | 783,847 | 511,947 | 464,564 | 589,899 | 489,474 | 444,825 | 451,671 | 843,201 | 341,736 | 495,745 | 354,586 | 1,422,626 |
| total current liabilities | 5,633,567 | 3,861,734 | 2,089,804 | 1,678,940 | 1,061,706 | 5,211,490 | 3,833,266 | 3,721,664 | 2,535,707 | 1,547,896 | 1,339,891 | 1,000,046 | 1,146,412 | 1,083,739 | 1,885,007 |
| loans | 1,145,097 | 1,222,181 | 1,319,198 | 1,366,395 | 964,225 | ||||||||||
| hp & lease commitments | 68,800 | 15,633 | |||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 403,188 | 202,783 | 198,851 | 163,631 | 120,034 | 118,719 | 90,110 | 60,622 | 57,831 | 29,296 | 22,385 | 14,075 | 17,037 | 10,380 | 4,567 |
| total long term liabilities | 471,988 | 202,783 | 198,851 | 163,631 | 120,034 | 118,719 | 90,110 | 60,622 | 57,831 | 29,296 | 1,167,482 | 1,251,889 | 1,336,235 | 1,376,775 | 968,792 |
| total liabilities | 6,105,555 | 4,064,517 | 2,288,655 | 1,842,571 | 1,181,740 | 5,330,209 | 3,923,376 | 3,782,286 | 2,593,538 | 1,577,192 | 2,507,373 | 2,251,935 | 2,482,647 | 2,460,514 | 2,853,799 |
| net assets | 16,807,067 | 17,646,397 | 15,632,441 | 14,036,162 | 11,452,324 | 10,797,463 | 10,554,290 | 9,923,753 | 8,822,100 | 7,339,424 | 6,390,121 | 5,992,797 | 5,457,290 | 4,481,125 | 4,284,822 |
| total shareholders funds | 16,807,067 | 17,646,397 | 15,632,441 | 14,036,162 | 11,452,324 | 10,797,463 | 10,554,290 | 9,923,753 | 8,822,100 | 7,339,424 | 6,390,121 | 5,992,797 | 5,457,290 | 4,481,125 | 4,284,822 |
| Dec 2023 | 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 | -361,567 | 2,403,882 | 2,001,953 | 3,152,908 | 887,506 | 372,444 | 832,236 | 1,429,657 | 1,816,046 | 1,254,839 | 1,292,008 | 1,049,443 | 1,706,941 | 1,096,936 | 1,652,907 |
| Depreciation | 408,306 | 417,278 | 423,339 | 444,758 | 428,936 | 445,608 | 246,001 | 217,016 | 181,507 | 172,464 | 158,441 | 153,656 | 151,793 | 135,071 | 139,882 |
| Amortisation | 245,435 | 179,101 | 191,819 | 116,608 | |||||||||||
| Tax | -12,632 | -389,926 | -403,771 | -678,684 | -235,555 | -131,299 | -202,918 | -331,060 | -333,770 | -268,093 | -254,217 | -216,918 | -411,911 | -289,878 | -392,203 |
| Stock | -10,219,863 | 3,285,003 | 3,259,783 | -1,471,632 | 1,187,036 | 336,084 | 390,510 | 146,295 | 911,245 | -3,273 | 449,536 | 654,486 | 272,147 | 412,128 | 1,848,505 |
| Debtors | 13,264,743 | -1,272,528 | 563,732 | 3,977,689 | -4,246,446 | 2,102,757 | 625,448 | 785,588 | 804,295 | 130,344 | 189,260 | -184,737 | 124,987 | 244,218 | 1,777,931 |
| Creditors | -1,352,146 | -23,985 | 707,520 | 332,564 | -895,930 | 796,340 | -50,801 | 348,756 | -179,971 | 78,698 | -156,788 | -26,469 | -86,932 | 253,249 | 435,108 |
| Accruals and Deferred Income | -456,487 | 576,387 | -249,387 | 271,900 | 47,383 | -125,335 | 100,425 | 44,649 | -6,846 | -391,530 | 501,465 | -154,009 | 141,159 | -1,068,040 | 1,422,626 |
| Deferred Taxes & Provisions | 200,405 | 3,932 | 35,220 | 43,597 | 1,315 | 28,609 | 29,488 | 2,791 | 28,535 | 6,911 | 8,310 | -2,962 | 6,657 | 5,813 | 4,567 |
| Cash flow from operations | -4,373,566 | 1,154,194 | -1,116,822 | 1,177,594 | 3,293,065 | -1,052,474 | -61,527 | 779,926 | -210,039 | 726,218 | 910,423 | 332,992 | 1,110,573 | -523,195 | -363,549 |
| Investing Activities | |||||||||||||||
| capital expenditure | 359,070 | -1,780,633 | -248,570 | -288,821 | -254,065 | -140,091 | -146,713 | -187,825 | -657,084 | -77,622 | |||||
| Change in Investments | |||||||||||||||
| cash flow from investments | 359,070 | -1,780,633 | -248,570 | -288,821 | -254,065 | -140,091 | -146,713 | -187,825 | -657,084 | -77,622 | |||||
| Financing Activities | |||||||||||||||
| Bank loans | -78,522 | -409 | 78,931 | -40,796 | 13,523 | 27,273 | |||||||||
| Group/Directors Accounts | 3,540,353 | 1,219,528 | -47,269 | 12,770 | -3,301,237 | 707,219 | 61,978 | 792,552 | 1,174,628 | 599,359 | |||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -1,145,097 | -77,084 | -97,017 | -47,197 | 402,170 | 964,225 | |||||||||
| Hire Purchase and Lease Commitments | 108,913 | -20,056 | 20,056 | ||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -45,360 | -1,903 | 689 | 2,910 | 2,028 | 1,219 | 3,056 | 400 | -37,443 | -40,467 | -47,018 | -68,865 | -80,755 | -43,672 | |
| cash flow from financing | 3,184,135 | 1,219,528 | -49,172 | 122,384 | -3,298,327 | 709,247 | 63,197 | 795,608 | 1,175,028 | -661,703 | -138,016 | -45,048 | -156,858 | 334,938 | 4,915,616 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,903,644 | 1,871,404 | -1,579,312 | 749,882 | 953,284 | -85,091 | -1,778,963 | 1,326,964 | 673,668 | -187,498 | 56,179 | -189,736 | 565,132 | -1,375,341 | 1,926,373 |
| overdraft | -49,242 | 49,242 | |||||||||||||
| change in cash | -1,903,644 | 1,871,404 | -1,579,312 | 749,882 | 953,284 | -85,091 | -1,778,963 | 1,326,964 | 673,668 | -187,498 | 56,179 | -140,494 | 515,890 | -1,375,341 | 1,926,373 |
preston innovations limited Credit Report and Business Information
Preston Innovations Limited Competitor Analysis
Perform a competitor analysis for preston innovations limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in TF3 area or any other competitors across 12 key performance metrics.
preston innovations limited Ownership
PRESTON INNOVATIONS LIMITED group structure
Preston Innovations Limited has no subsidiary companies.
Ultimate parent company
W C BRADLEY CO
#0082380
W C BRADLEY/ZEBCO HOLDINGS INC
#0082379
2 parents
PRESTON INNOVATIONS LIMITED
03318338
preston innovations limited directors
Preston Innovations Limited currently has 4 directors. The longest serving directors include Mr Paul Reeves (Jun 2021) and Mr Shaun McSpadden (Nov 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Reeves | England | 50 years | Jun 2021 | - | Director |
| Mr Shaun McSpadden | England | 49 years | Nov 2021 | - | Director |
| Miss Lisa Waterman | England | 46 years | Apr 2023 | - | Director |
| Mr Gary Quinn | England | 42 years | Aug 2023 | - | Director |
P&L
December 2023turnover
27.4m
+15%
operating profit
-361.6k
-115%
gross margin
24.5%
-19.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
16.8m
-0.05%
total assets
22.9m
+0.06%
cash
1m
-0.65%
net assets
Total assets minus all liabilities
preston innovations limited company details
company number
03318338
Type
Private limited with Share Capital
industry
46900 - Non-specialised wholesale trade
incorporation date
February 1997
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
stackvain limited (April 1997)
accountant
-
auditor
RSM UK AUDIT LLP
address
front building, preston innovations ltd, telford, shropshire, TF3 3BJ
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
preston innovations 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 5 charges/mortgages relating to preston innovations limited. Currently there are 0 open charges and 5 have been satisfied in the past.
preston innovations 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 PRESTON INNOVATIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
preston innovations limited Companies House Filings - See Documents
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