Parss Global Limited

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parss global limited Company Information

Live

MatureMicroHealthy

Company Number

03353712

Website

Registered Address

unit 8 rainsford road, london, NW10 7RG

Industry

Buying and selling of own real estate

Telephone

02088383778

Next Accounts Due

January 2025

Group Structure

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Directors

Sunil Patel27 Years

Rajesh Patel27 Years

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Shareholders

rajesh patel 25%

sanjay kumar patel 25%

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parss global limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of PARSS GLOBAL LIMITED at £1.9m based on Net Assets of £1.5m and 1.23x industry multiple (adjusted for liquidity).

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Parss Global Limited is a live company located in london, NW10 7RG with a Companies House number of 03353712. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in April 1997, it's largest shareholder is rajesh patel with a 25% stake. Parss Global Limited is a mature, micro sized company, Pomanda has estimated its turnover at £334.6k with healthy growth in recent years.

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Pomanda's financial health check has awarded Parss Global Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £334.6k, make it smaller than the average company (£857.7k)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (2.1%)

EXPORT

Parss Global Limited's latest turnover from April 2023 is estimated at £334.6 thousand and the company has net assets of £1.5 million. According to their latest financial statements, Parss Global Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	334,608	223,181	217,930	242,823	132,692	150,662	135,286	146,212	8,705,256	181,998	138,071	67,628	49,080	51,497
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	245,641	160,770	165,833	191,473	99,490	113,148	104,060	108,708	6,694,008	145,517	109,755	54,360	40,222	42,702
Gross Profit	88,968	62,411	52,097	51,350	33,202	37,514	31,226	37,504	2,011,248	36,481	28,317	13,269	8,858	8,795
Admin Expenses	53,579	56,615	51,220	39,682	-31,603	19,899	-2,805	51,971	481,820	41,023	30,410	15,749	7,015	-256,389
Operating Profit	35,389	5,796	877	11,668	64,805	17,615	34,031	-14,467	1,529,428	-4,542	-2,093	-2,480	1,843	265,184
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	81	324	690	1,126	27	23	22	14	10	5
Pre-Tax Profit	35,389	5,796	877	11,668	64,885	17,940	34,721	-13,341	1,529,455	-4,519	-2,071	-2,466	1,853	265,189
Tax	-8,847	-1,101	-167	-2,217	-12,328	-3,409	-6,597	0	-305,891	0	0	0	-482	-74,253
Profit After Tax	26,542	4,695	710	9,451	52,557	14,531	28,124	-13,341	1,223,564	-4,519	-2,071	-2,466	1,371	190,936
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	26,542	4,695	710	9,451	52,557	14,531	28,124	-13,341	1,223,564	-4,519	-2,071	-2,466	1,371	190,936
Employee Costs	147,573	109,490	35,871	40,395	38,844	37,075	35,679	38,616	455,501	36,759	34,884	33,408	34,048	33,139
Number Of Employees	4	3	1	1	1	1	1	1	13	1	1	1	1	1
EBITDA*	35,389	5,796	877	11,668	64,805	17,615	34,031	-14,467	1,529,428	-4,542	-2,093	-2,480	1,843	271,774

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	1,573,383	1,573,383	0	1,573,383	1,573,383	1,573,383	1,467,139	1,083,983	0	1,400,000	331,750	331,750	331,750	331,750
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	1,573,383	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,573,383	1,573,383	1,573,383	1,573,383	1,573,383	1,573,383	1,467,139	1,083,983	0	1,400,000	331,750	331,750	331,750	331,750
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	90,778	60,023	58,882	60,203	29,675	0	0	27,248	2,302,310	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	21,502	108,247	443,771	6,741	3,936	5,088	3,593	1,963	1,994
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	90,778	60,023	58,882	60,203	29,675	21,502	108,247	471,019	2,309,051	3,936	5,088	3,593	1,963	1,994
total assets	1,664,161	1,633,406	1,632,265	1,633,586	1,603,058	1,594,885	1,575,386	1,555,002	2,309,051	1,403,936	336,838	335,343	333,713	333,744
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	134,077	129,864	133,418	135,449	114,372	158,752	153,784	161,524	902,232	152,431	149,064	66,864	66,168	66,270
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	78,634	75,234	76,534
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	134,077	129,864	133,418	135,449	114,372	158,752	153,784	161,524	902,232	152,431	149,064	145,498	141,402	142,804
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	134,077	129,864	133,418	135,449	114,372	158,752	153,784	161,524	902,232	152,431	149,064	145,498	141,402	142,804
net assets	1,530,084	1,503,542	1,498,847	1,498,137	1,488,686	1,436,133	1,421,602	1,393,478	1,406,819	1,251,505	187,774	189,845	192,311	190,940
total shareholders funds	1,530,084	1,503,542	1,498,847	1,498,137	1,488,686	1,436,133	1,421,602	1,393,478	1,406,819	1,251,505	187,774	189,845	192,311	190,940

	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	35,389	5,796	877	11,668	64,805	17,615	34,031	-14,467	1,529,428	-4,542	-2,093	-2,480	1,843	265,184
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	6,590
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,847	-1,101	-167	-2,217	-12,328	-3,409	-6,597	0	-305,891	0	0	0	-482	-74,253
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	30,755	1,141	-1,321	30,528	29,675	0	-27,248	-2,275,062	2,302,310	0	0	0	0	0
Creditors	4,213	-3,554	-2,031	21,077	-44,380	4,968	-7,740	-740,708	749,801	3,367	82,200	696	-102	66,270
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	0	-21,578	19,174	46,942	1,519,887	-328,972	-1,175	80,107	-1,784	1,259	263,791
Investing Activities
capital expenditure	0	-1,573,383	1,573,383	0	0	-106,244	-383,156	-1,083,983	1,400,000	-1,068,250	0	0	0	-338,340
Change in Investments	0	-1,573,383	1,573,383	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	-106,244	-383,156	-1,083,983	1,400,000	-1,068,250	0	0	0	-338,340
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	-78,634	3,400	-1,300	76,534
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-4	0	0	0	-1,068,250	1,068,250	0	0	0	4
interest	0	0	0	0	81	324	690	1,126	27	23	22	14	10	5
cash flow from financing	0	0	0	0	77	324	690	1,126	-1,068,223	1,068,273	-78,612	3,414	-1,290	76,543
cash and cash equivalents
cash	0	0	0	0	-21,502	-86,745	-335,524	437,030	2,805	-1,152	1,495	1,630	-31	1,994
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-21,502	-86,745	-335,524	437,030	2,805	-1,152	1,495	1,630	-31	1,994

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARSS GLOBAL LIMITED group structure

Parss Global Limited has no subsidiary companies.

Ultimate parent company

PARSS GLOBAL LIMITED

03353712

PARSS GLOBAL LIMITED Shareholders

rajesh patel	25%
sanjay kumar patel	25%
aniket patel	25%
sunil kumar patel	25%

Parss Global Limited currently has 4 directors. The longest serving directors include Mr Sunil Patel (Apr 1997) and Mr Rajesh Patel (Apr 1997).

officer	country	age	start	end	role
Mr Sunil Patel		54 years	Apr 1997	-	Director
Mr Rajesh Patel		57 years	Apr 1997	-	Director
Mr Sanjay Patel	England	55 years	Apr 1997	-	Director
Mr Aniket Patel		60 years	Sep 2022	-	Director

P&L

April 2023

turnover

334.6k

+50%

operating profit

35.4k

gross margin

26.6%

-4.92%

turnover

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

Balance Sheet

April 2023

net assets

1.5m

+0.02%

total assets

1.7m

+0.02%

cash

net assets

Total assets minus all liabilities

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company number

03353712

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

April 1997

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

April 2023

address

unit 8 rainsford road, london, NW10 7RG

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 parss global limited.

parss global limited Company Information

parss global limited Estimated Valuation

parss global limited Estimated Valuation

parss global limited Estimated Valuation

Parss Global Limited Overview

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PARSS GLOBAL LIMITED financials

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