prinova solutions europe limited

prinova solutions europe limited Company Information

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Company Number

03701172

Industry

Manufacture of other food products n.e.c.

 

Directors

Donald Thorp

Nicolaj Dam

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Shareholders

prinova europe limited

Group Structure

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Contact

Registered Address

c/o corporation service company, 5 churchill place, london, E14 5HU

prinova solutions europe limited Estimated Valuation

£31.3m

Pomanda estimates the enterprise value of PRINOVA SOLUTIONS EUROPE LIMITED at £31.3m based on a Turnover of £35.2m and 0.89x industry multiple (adjusted for size and gross margin).

prinova solutions europe limited Estimated Valuation

£9.4m

Pomanda estimates the enterprise value of PRINOVA SOLUTIONS EUROPE LIMITED at £9.4m based on an EBITDA of £1.5m and a 6.2x industry multiple (adjusted for size and gross margin).

prinova solutions europe limited Estimated Valuation

£27.3m

Pomanda estimates the enterprise value of PRINOVA SOLUTIONS EUROPE LIMITED at £27.3m based on Net Assets of £14.1m and 1.94x industry multiple (adjusted for liquidity).

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Prinova Solutions Europe Limited Overview

Prinova Solutions Europe Limited is a live company located in london, E14 5HU with a Companies House number of 03701172. It operates in the manufacture of other food products n.e.c. sector, SIC Code 10890. Founded in January 1999, it's largest shareholder is prinova europe limited with a 100% stake. Prinova Solutions Europe Limited is a mature, large sized company, Pomanda has estimated its turnover at £35.2m with high growth in recent years.

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Prinova Solutions Europe Limited Health Check

Pomanda's financial health check has awarded Prinova Solutions Europe Limited a 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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

3 Regular

positive_score

4 Weak

size

Size

annual sales of £35.2m, make it larger than the average company (£24.3m)

£35.2m - Prinova Solutions Europe Limited

£24.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.7%)

16% - Prinova Solutions Europe Limited

7.7% - Industry AVG

production

Production

with a gross margin of 17.8%, this company has a higher cost of product (24.8%)

17.8% - Prinova Solutions Europe Limited

24.8% - Industry AVG

profitability

Profitability

an operating margin of 2.9% make it as profitable than the average company (3.6%)

2.9% - Prinova Solutions Europe Limited

3.6% - Industry AVG

employees

Employees

with 130 employees, this is similar to the industry average (112)

130 - Prinova Solutions Europe Limited

112 - Industry AVG

paystructure

Pay Structure

on an average salary of £35.5k, the company has an equivalent pay structure (£39.3k)

£35.5k - Prinova Solutions Europe Limited

£39.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £271k, this is more efficient (£235.4k)

£271k - Prinova Solutions Europe Limited

£235.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 66 days, this is later than average (48 days)

66 days - Prinova Solutions Europe Limited

48 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 18 days, this is quicker than average (44 days)

18 days - Prinova Solutions Europe Limited

44 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 138 days, this is more than average (50 days)

138 days - Prinova Solutions Europe Limited

50 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 17 weeks, this is more cash available to meet short term requirements (7 weeks)

17 weeks - Prinova Solutions Europe Limited

7 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 49.9%, this is a lower level of debt than the average (56.6%)

49.9% - Prinova Solutions Europe Limited

56.6% - Industry AVG

PRINOVA SOLUTIONS EUROPE LIMITED financials

EXPORTms excel logo

Prinova Solutions Europe Limited's latest turnover from December 2023 is £35.2 million and the company has net assets of £14.1 million. According to their latest financial statements, Prinova Solutions Europe Limited has 130 employees and maintains cash reserves of £3.9 million 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
Turnover35,228,00029,520,00026,020,00022,747,00020,211,00017,516,00012,784,00011,905,0009,702,0009,133,00011,024,00011,218,00012,267,00017,457,00019,590,000
Other Income Or Grants000000000000000
Cost Of Sales28,961,00024,837,00020,805,00018,212,00016,269,00012,588,0009,301,0008,404,0007,356,0007,039,0008,283,0008,728,0009,421,00012,738,00014,703,000
Gross Profit6,267,0004,683,0005,215,0004,535,0003,942,0004,928,0003,483,0003,501,0002,346,0002,094,0002,741,0002,490,0002,846,0004,719,0004,887,000
Admin Expenses5,255,0005,105,0004,012,0003,161,0003,053,0002,614,0002,271,0002,447,0002,734,0002,576,0002,449,0002,632,0002,760,0002,630,0002,540,000
Operating Profit1,012,000-422,0001,203,0001,374,000889,0002,314,0001,212,0001,054,000-388,000-482,000292,000-142,00086,0002,089,0002,347,000
Interest Payable93,00024,00000015,000131,000265,000185,000124,000111,000117,000130,000185,000221,000
Interest Receivable17,0004,000009,000028,00075,00027,0001,00002,0001,00001,000
Pre-Tax Profit936,000-442,0001,203,0001,374,000898,0002,299,0001,109,000864,000-546,000-605,000181,000-257,000-43,0001,904,0002,127,000
Tax-273,000-50,000-319,000-280,000-260,000-584,000-218,000-174,00085,000119,000-55,00041,000-4,000-280,000-602,000
Profit After Tax663,000-492,000884,0001,094,000638,0001,715,000891,000690,000-461,000-486,000126,000-216,000-47,0001,624,0001,525,000
Dividends Paid000000900,00000500,000000200,000324,000
Retained Profit663,000-492,000884,0001,094,000638,0001,715,000-9,000690,000-461,000-986,000126,000-216,000-47,0001,424,0001,201,000
Employee Costs4,610,0003,327,0002,287,0001,882,0001,561,0001,566,0001,370,0001,900,0001,887,0001,719,0001,888,0001,722,0001,986,0001,736,0001,761,000
Number Of Employees13010490786056515353505053525148
EBITDA*1,525,000-110,0001,579,0001,808,0001,294,0002,706,0001,460,0001,367,000-62,000-135,000625,000159,000338,0002,319,0002,576,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets4,530,0004,010,0002,686,0002,587,0002,716,0002,549,0002,655,0002,942,0003,184,0003,395,0003,583,0003,703,0003,663,0003,395,0003,456,000
Intangible Assets282,00072,00031,00089,000192,000279,000186,00034,0000000000
Investments & Other000000000000000
Debtors (Due After 1 year)0000000288,000288,000288,000288,0000000
Total Fixed Assets4,812,0004,082,0002,717,0002,676,0002,908,0002,828,0002,841,0003,264,0003,472,0003,683,0003,871,0003,703,0003,663,0003,395,0003,456,000
Stock & work in progress10,963,00011,535,00010,648,0006,862,0004,488,0003,735,0003,559,0003,198,0002,607,0002,923,0002,778,0002,790,0003,229,0003,228,0003,038,000
Trade Debtors6,382,0004,448,0004,562,0003,914,0003,354,0004,673,0003,829,0003,110,0002,375,0001,436,0001,942,0001,988,0001,767,0003,414,0003,962,000
Group Debtors688,0001,109,0001,940,000874,0001,282,000945,000510,0005,223,0003,451,0001,767,000576,000673,000564,000275,000111,000
Misc Debtors1,345,000725,0001,105,000500,000426,000510,000390,000383,000252,000303,000243,000201,000386,000247,000287,000
Cash3,890,0004,410,0001,353,0002,019,0001,211,000879,000853,000478,000182,000236,000898,000427,000291,000608,000207,000
misc current assets000000000000000
total current assets23,268,00022,227,00019,608,00014,169,00010,761,00010,742,0009,141,00012,392,0008,867,0006,665,0006,437,0006,079,0006,237,0007,772,0007,605,000
total assets28,080,00026,309,00022,325,00016,845,00013,669,00013,570,00011,982,00015,656,00012,339,00010,348,00010,308,0009,782,0009,900,00011,167,00011,061,000
Bank overdraft00000000751,00060,00000173,0000103,000
Bank loan0000000472,0000000000
Trade Creditors 1,503,000334,000394,000716,000355,000595,000792,000260,000201,000399,000341,000411,000455,000845,000227,000
Group/Directors Accounts9,176,0009,420,0006,829,0001,820,000554,000587,000910,0003,257,0003,756,0002,783,0002,694,0002,212,0001,079,000603,0001,755,000
other short term finances000000000000503,00000
hp & lease commitments5,0006,000000000025,00031,00039,00039,00000
other current liabilities1,168,0001,039,000987,0001,188,000764,0001,081,000665,000453,000343,000249,000305,000273,000531,0002,676,0003,104,000
total current liabilities11,852,00010,799,0008,210,0003,724,0001,673,0002,263,0002,367,0004,442,0005,051,0003,516,0003,371,0002,935,0002,780,0004,124,0005,189,000
loans1,647,0001,746,000000007,949,0004,713,0003,796,0002,929,0002,929,0002,959,0002,959,0002,959,000
hp & lease commitments16,00021,0000000000034,00065,000103,00000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions499,000340,000220,000110,00079,00028,00051,00075,00075,00075,00027,00032,00021,0000253,000
total long term liabilities2,162,0002,107,000220,000110,00079,00028,00051,0008,024,0004,788,0003,871,0002,990,0003,026,0003,083,0002,959,0003,212,000
total liabilities14,014,00012,906,0008,430,0003,834,0001,752,0002,291,0002,418,00012,466,0009,839,0007,387,0006,361,0005,961,0005,863,0007,083,0008,401,000
net assets14,066,00013,403,00013,895,00013,011,00011,917,00011,279,0009,564,0003,190,0002,500,0002,961,0003,947,0003,821,0004,037,0004,084,0002,660,000
total shareholders funds14,066,00013,403,00013,895,00013,011,00011,917,00011,279,0009,564,0003,190,0002,500,0002,961,0003,947,0003,821,0004,037,0004,084,0002,660,000
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,012,000-422,0001,203,0001,374,000889,0002,314,0001,212,0001,054,000-388,000-482,000292,000-142,00086,0002,089,0002,347,000
Depreciation502,000291,000307,000296,000273,000279,000235,000313,000326,000347,000333,000301,000252,000230,000229,000
Amortisation11,00021,00069,000138,000132,000113,00013,00000000000
Tax-273,000-50,000-319,000-280,000-260,000-584,000-218,000-174,00085,000119,000-55,00041,000-4,000-280,000-602,000
Stock-572,000887,0003,786,0002,374,000753,000176,000361,000591,000-316,000145,000-12,000-439,0001,000190,0003,038,000
Debtors2,133,000-1,325,0002,319,000226,000-1,066,0001,399,000-4,275,0002,638,0002,572,000745,000187,000145,000-1,219,000-424,0004,360,000
Creditors1,169,000-60,000-322,000361,000-240,000-197,000532,00059,000-198,00058,000-70,000-44,000-390,000618,000227,000
Accruals and Deferred Income129,00052,000-201,000424,000-317,000416,000212,000110,00094,000-56,00032,000-258,000-2,145,000-428,0003,104,000
Deferred Taxes & Provisions159,000120,000110,00031,00051,000-23,000-24,0000048,000-5,00011,00021,000-253,000253,000
Cash flow from operations1,148,000390,000-5,258,000-256,000841,000743,0005,876,000-1,867,000-2,337,000-856,000352,000203,000-962,0002,210,000-1,840,000
Investing Activities
capital expenditure-1,243,000-1,677,000-417,000-202,000-485,000-379,000-113,000-105,00000-213,000-341,000-520,000-169,000-3,685,000
Change in Investments000000000000000
cash flow from investments-1,243,000-1,677,000-417,000-202,000-485,000-379,000-113,000-105,00000-213,000-341,000-520,000-169,000-3,685,000
Financing Activities
Bank loans000000-472,000472,0000000000
Group/Directors Accounts-244,0002,591,0005,009,0001,266,000-33,000-323,000-2,347,000-499,000973,00089,000482,0001,133,000476,000-1,152,0001,755,000
Other Short Term Loans 00000000000-503,000503,00000
Long term loans-99,0001,746,0000000-7,949,0003,236,000917,000867,0000-30,000002,959,000
Hire Purchase and Lease Commitments-6,00027,000000000-25,000-40,000-39,000-38,000142,00000
other long term liabilities000000000000000
share issue0000006,383,00000000001,459,000
interest-76,000-20,000009,000-15,000-103,000-190,000-158,000-123,000-111,000-115,000-129,000-185,000-220,000
cash flow from financing-425,0004,344,0005,009,0001,266,000-24,000-338,000-4,488,0003,019,0001,707,000793,000332,000447,000992,000-1,337,0005,953,000
cash and cash equivalents
cash-520,0003,057,000-666,000808,000332,00026,000375,000296,000-54,000-662,000471,000136,000-317,000401,000207,000
overdraft0000000-751,000691,00060,0000-173,000173,000-103,000103,000
change in cash-520,0003,057,000-666,000808,000332,00026,000375,0001,047,000-745,000-722,000471,000309,000-490,000504,000104,000

prinova solutions europe limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Prinova Solutions Europe Limited Competitor Analysis

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Perform a competitor analysis for prinova solutions europe limited by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in E14 area or any other competitors across 12 key performance metrics.

prinova solutions europe limited Ownership

PRINOVA SOLUTIONS EUROPE LIMITED group structure

Prinova Solutions Europe Limited has no subsidiary companies.

Ultimate parent company

PRINOVA GROUP LLC

#0046653

2 parents

PRINOVA SOLUTIONS EUROPE LIMITED

03701172

PRINOVA SOLUTIONS EUROPE LIMITED Shareholders

prinova europe limited 100%

prinova solutions europe limited directors

Prinova Solutions Europe Limited currently has 3 directors. The longest serving directors include Mr Donald Thorp (Jun 2017) and Nicolaj Dam (Apr 2020).

officercountryagestartendrole
Mr Donald ThorpEngland62 years Jun 2017- Director
Nicolaj DamUnited Kingdom52 years Apr 2020- Director
Mr Barry KellyUnited Kingdom39 years Apr 2024- Director

P&L

December 2023

turnover

35.2m

+19%

operating profit

1m

-340%

gross margin

17.8%

+12.14%

turnover

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

Balance Sheet

December 2023

net assets

14.1m

+0.05%

total assets

28.1m

+0.07%

cash

3.9m

-0.12%

net assets

Total assets minus all liabilities

prinova solutions europe limited company details

company number

03701172

Type

Private limited with Share Capital

industry

10890 - Manufacture of other food products n.e.c.

incorporation date

January 1999

age

26

incorporated

UK

ultimate parent company

PRINOVA GROUP LLC

accounts

Full Accounts

last accounts submitted

December 2023

previous names

lycored limited (July 2017)

nutriblend limited (November 2005)

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accountant

-

auditor

ERNST & YOUNG LLP

address

c/o corporation service company, 5 churchill place, london, E14 5HU

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

prinova solutions 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 found 7 charges/mortgages relating to prinova solutions europe limited. Currently there are 0 open charges and 7 have been satisfied in the past.

prinova solutions 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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prinova solutions europe limited Companies House Filings - See Documents

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