prinova solutions europe limited Company Information
Company Number
03701172
Next Accounts
Sep 2025
Industry
Manufacture of other food products n.e.c.
Shareholders
prinova europe limited
Group Structure
View All
Contact
Registered Address
c/o corporation service company, 5 churchill place, london, E14 5HU
Website
http://www.prinovaglobal.comprinova solutions europe limited Estimated Valuation
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
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
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
5 Strong
3 Regular
4 Weak
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
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
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
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
with 130 employees, this is similar to the industry average (112)
130 - Prinova Solutions Europe Limited
112 - Industry AVG
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
resulting in sales per employee of £271k, this is more efficient (£235.4k)
£271k - Prinova Solutions Europe Limited
£235.4k - Industry AVG
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
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
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
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
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
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 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 | 35,228,000 | 29,520,000 | 26,020,000 | 22,747,000 | 20,211,000 | 17,516,000 | 12,784,000 | 11,905,000 | 9,702,000 | 9,133,000 | 11,024,000 | 11,218,000 | 12,267,000 | 17,457,000 | 19,590,000 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 28,961,000 | 24,837,000 | 20,805,000 | 18,212,000 | 16,269,000 | 12,588,000 | 9,301,000 | 8,404,000 | 7,356,000 | 7,039,000 | 8,283,000 | 8,728,000 | 9,421,000 | 12,738,000 | 14,703,000 |
Gross Profit | 6,267,000 | 4,683,000 | 5,215,000 | 4,535,000 | 3,942,000 | 4,928,000 | 3,483,000 | 3,501,000 | 2,346,000 | 2,094,000 | 2,741,000 | 2,490,000 | 2,846,000 | 4,719,000 | 4,887,000 |
Admin Expenses | 5,255,000 | 5,105,000 | 4,012,000 | 3,161,000 | 3,053,000 | 2,614,000 | 2,271,000 | 2,447,000 | 2,734,000 | 2,576,000 | 2,449,000 | 2,632,000 | 2,760,000 | 2,630,000 | 2,540,000 |
Operating Profit | 1,012,000 | -422,000 | 1,203,000 | 1,374,000 | 889,000 | 2,314,000 | 1,212,000 | 1,054,000 | -388,000 | -482,000 | 292,000 | -142,000 | 86,000 | 2,089,000 | 2,347,000 |
Interest Payable | 93,000 | 24,000 | 0 | 0 | 0 | 15,000 | 131,000 | 265,000 | 185,000 | 124,000 | 111,000 | 117,000 | 130,000 | 185,000 | 221,000 |
Interest Receivable | 17,000 | 4,000 | 0 | 0 | 9,000 | 0 | 28,000 | 75,000 | 27,000 | 1,000 | 0 | 2,000 | 1,000 | 0 | 1,000 |
Pre-Tax Profit | 936,000 | -442,000 | 1,203,000 | 1,374,000 | 898,000 | 2,299,000 | 1,109,000 | 864,000 | -546,000 | -605,000 | 181,000 | -257,000 | -43,000 | 1,904,000 | 2,127,000 |
Tax | -273,000 | -50,000 | -319,000 | -280,000 | -260,000 | -584,000 | -218,000 | -174,000 | 85,000 | 119,000 | -55,000 | 41,000 | -4,000 | -280,000 | -602,000 |
Profit After Tax | 663,000 | -492,000 | 884,000 | 1,094,000 | 638,000 | 1,715,000 | 891,000 | 690,000 | -461,000 | -486,000 | 126,000 | -216,000 | -47,000 | 1,624,000 | 1,525,000 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 900,000 | 0 | 0 | 500,000 | 0 | 0 | 0 | 200,000 | 324,000 |
Retained Profit | 663,000 | -492,000 | 884,000 | 1,094,000 | 638,000 | 1,715,000 | -9,000 | 690,000 | -461,000 | -986,000 | 126,000 | -216,000 | -47,000 | 1,424,000 | 1,201,000 |
Employee Costs | 4,610,000 | 3,327,000 | 2,287,000 | 1,882,000 | 1,561,000 | 1,566,000 | 1,370,000 | 1,900,000 | 1,887,000 | 1,719,000 | 1,888,000 | 1,722,000 | 1,986,000 | 1,736,000 | 1,761,000 |
Number Of Employees | 130 | 104 | 90 | 78 | 60 | 56 | 51 | 53 | 53 | 50 | 50 | 53 | 52 | 51 | 48 |
EBITDA* | 1,525,000 | -110,000 | 1,579,000 | 1,808,000 | 1,294,000 | 2,706,000 | 1,460,000 | 1,367,000 | -62,000 | -135,000 | 625,000 | 159,000 | 338,000 | 2,319,000 | 2,576,000 |
* 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 | 4,530,000 | 4,010,000 | 2,686,000 | 2,587,000 | 2,716,000 | 2,549,000 | 2,655,000 | 2,942,000 | 3,184,000 | 3,395,000 | 3,583,000 | 3,703,000 | 3,663,000 | 3,395,000 | 3,456,000 |
Intangible Assets | 282,000 | 72,000 | 31,000 | 89,000 | 192,000 | 279,000 | 186,000 | 34,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 288,000 | 288,000 | 288,000 | 288,000 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 4,812,000 | 4,082,000 | 2,717,000 | 2,676,000 | 2,908,000 | 2,828,000 | 2,841,000 | 3,264,000 | 3,472,000 | 3,683,000 | 3,871,000 | 3,703,000 | 3,663,000 | 3,395,000 | 3,456,000 |
Stock & work in progress | 10,963,000 | 11,535,000 | 10,648,000 | 6,862,000 | 4,488,000 | 3,735,000 | 3,559,000 | 3,198,000 | 2,607,000 | 2,923,000 | 2,778,000 | 2,790,000 | 3,229,000 | 3,228,000 | 3,038,000 |
Trade Debtors | 6,382,000 | 4,448,000 | 4,562,000 | 3,914,000 | 3,354,000 | 4,673,000 | 3,829,000 | 3,110,000 | 2,375,000 | 1,436,000 | 1,942,000 | 1,988,000 | 1,767,000 | 3,414,000 | 3,962,000 |
Group Debtors | 688,000 | 1,109,000 | 1,940,000 | 874,000 | 1,282,000 | 945,000 | 510,000 | 5,223,000 | 3,451,000 | 1,767,000 | 576,000 | 673,000 | 564,000 | 275,000 | 111,000 |
Misc Debtors | 1,345,000 | 725,000 | 1,105,000 | 500,000 | 426,000 | 510,000 | 390,000 | 383,000 | 252,000 | 303,000 | 243,000 | 201,000 | 386,000 | 247,000 | 287,000 |
Cash | 3,890,000 | 4,410,000 | 1,353,000 | 2,019,000 | 1,211,000 | 879,000 | 853,000 | 478,000 | 182,000 | 236,000 | 898,000 | 427,000 | 291,000 | 608,000 | 207,000 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 23,268,000 | 22,227,000 | 19,608,000 | 14,169,000 | 10,761,000 | 10,742,000 | 9,141,000 | 12,392,000 | 8,867,000 | 6,665,000 | 6,437,000 | 6,079,000 | 6,237,000 | 7,772,000 | 7,605,000 |
total assets | 28,080,000 | 26,309,000 | 22,325,000 | 16,845,000 | 13,669,000 | 13,570,000 | 11,982,000 | 15,656,000 | 12,339,000 | 10,348,000 | 10,308,000 | 9,782,000 | 9,900,000 | 11,167,000 | 11,061,000 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 751,000 | 60,000 | 0 | 0 | 173,000 | 0 | 103,000 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 472,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,503,000 | 334,000 | 394,000 | 716,000 | 355,000 | 595,000 | 792,000 | 260,000 | 201,000 | 399,000 | 341,000 | 411,000 | 455,000 | 845,000 | 227,000 |
Group/Directors Accounts | 9,176,000 | 9,420,000 | 6,829,000 | 1,820,000 | 554,000 | 587,000 | 910,000 | 3,257,000 | 3,756,000 | 2,783,000 | 2,694,000 | 2,212,000 | 1,079,000 | 603,000 | 1,755,000 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 503,000 | 0 | 0 |
hp & lease commitments | 5,000 | 6,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25,000 | 31,000 | 39,000 | 39,000 | 0 | 0 |
other current liabilities | 1,168,000 | 1,039,000 | 987,000 | 1,188,000 | 764,000 | 1,081,000 | 665,000 | 453,000 | 343,000 | 249,000 | 305,000 | 273,000 | 531,000 | 2,676,000 | 3,104,000 |
total current liabilities | 11,852,000 | 10,799,000 | 8,210,000 | 3,724,000 | 1,673,000 | 2,263,000 | 2,367,000 | 4,442,000 | 5,051,000 | 3,516,000 | 3,371,000 | 2,935,000 | 2,780,000 | 4,124,000 | 5,189,000 |
loans | 1,647,000 | 1,746,000 | 0 | 0 | 0 | 0 | 0 | 7,949,000 | 4,713,000 | 3,796,000 | 2,929,000 | 2,929,000 | 2,959,000 | 2,959,000 | 2,959,000 |
hp & lease commitments | 16,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 34,000 | 65,000 | 103,000 | 0 | 0 |
Accruals and Deferred Income | 0 | 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 | 0 |
provisions | 499,000 | 340,000 | 220,000 | 110,000 | 79,000 | 28,000 | 51,000 | 75,000 | 75,000 | 75,000 | 27,000 | 32,000 | 21,000 | 0 | 253,000 |
total long term liabilities | 2,162,000 | 2,107,000 | 220,000 | 110,000 | 79,000 | 28,000 | 51,000 | 8,024,000 | 4,788,000 | 3,871,000 | 2,990,000 | 3,026,000 | 3,083,000 | 2,959,000 | 3,212,000 |
total liabilities | 14,014,000 | 12,906,000 | 8,430,000 | 3,834,000 | 1,752,000 | 2,291,000 | 2,418,000 | 12,466,000 | 9,839,000 | 7,387,000 | 6,361,000 | 5,961,000 | 5,863,000 | 7,083,000 | 8,401,000 |
net assets | 14,066,000 | 13,403,000 | 13,895,000 | 13,011,000 | 11,917,000 | 11,279,000 | 9,564,000 | 3,190,000 | 2,500,000 | 2,961,000 | 3,947,000 | 3,821,000 | 4,037,000 | 4,084,000 | 2,660,000 |
total shareholders funds | 14,066,000 | 13,403,000 | 13,895,000 | 13,011,000 | 11,917,000 | 11,279,000 | 9,564,000 | 3,190,000 | 2,500,000 | 2,961,000 | 3,947,000 | 3,821,000 | 4,037,000 | 4,084,000 | 2,660,000 |
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 | 1,012,000 | -422,000 | 1,203,000 | 1,374,000 | 889,000 | 2,314,000 | 1,212,000 | 1,054,000 | -388,000 | -482,000 | 292,000 | -142,000 | 86,000 | 2,089,000 | 2,347,000 |
Depreciation | 502,000 | 291,000 | 307,000 | 296,000 | 273,000 | 279,000 | 235,000 | 313,000 | 326,000 | 347,000 | 333,000 | 301,000 | 252,000 | 230,000 | 229,000 |
Amortisation | 11,000 | 21,000 | 69,000 | 138,000 | 132,000 | 113,000 | 13,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -273,000 | -50,000 | -319,000 | -280,000 | -260,000 | -584,000 | -218,000 | -174,000 | 85,000 | 119,000 | -55,000 | 41,000 | -4,000 | -280,000 | -602,000 |
Stock | -572,000 | 887,000 | 3,786,000 | 2,374,000 | 753,000 | 176,000 | 361,000 | 591,000 | -316,000 | 145,000 | -12,000 | -439,000 | 1,000 | 190,000 | 3,038,000 |
Debtors | 2,133,000 | -1,325,000 | 2,319,000 | 226,000 | -1,066,000 | 1,399,000 | -4,275,000 | 2,638,000 | 2,572,000 | 745,000 | 187,000 | 145,000 | -1,219,000 | -424,000 | 4,360,000 |
Creditors | 1,169,000 | -60,000 | -322,000 | 361,000 | -240,000 | -197,000 | 532,000 | 59,000 | -198,000 | 58,000 | -70,000 | -44,000 | -390,000 | 618,000 | 227,000 |
Accruals and Deferred Income | 129,000 | 52,000 | -201,000 | 424,000 | -317,000 | 416,000 | 212,000 | 110,000 | 94,000 | -56,000 | 32,000 | -258,000 | -2,145,000 | -428,000 | 3,104,000 |
Deferred Taxes & Provisions | 159,000 | 120,000 | 110,000 | 31,000 | 51,000 | -23,000 | -24,000 | 0 | 0 | 48,000 | -5,000 | 11,000 | 21,000 | -253,000 | 253,000 |
Cash flow from operations | 1,148,000 | 390,000 | -5,258,000 | -256,000 | 841,000 | 743,000 | 5,876,000 | -1,867,000 | -2,337,000 | -856,000 | 352,000 | 203,000 | -962,000 | 2,210,000 | -1,840,000 |
Investing Activities | |||||||||||||||
capital expenditure | 0 | 0 | |||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 0 | 0 | |||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -472,000 | 472,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -244,000 | 2,591,000 | 5,009,000 | 1,266,000 | -33,000 | -323,000 | -2,347,000 | -499,000 | 973,000 | 89,000 | 482,000 | 1,133,000 | 476,000 | -1,152,000 | 1,755,000 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -503,000 | 503,000 | 0 | 0 |
Long term loans | -99,000 | 1,746,000 | 0 | 0 | 0 | 0 | -7,949,000 | 3,236,000 | 917,000 | 867,000 | 0 | -30,000 | 0 | 0 | 2,959,000 |
Hire Purchase and Lease Commitments | -6,000 | 27,000 | 0 | 0 | 0 | 0 | 0 | 0 | -25,000 | -40,000 | -39,000 | -38,000 | 142,000 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | -76,000 | -20,000 | 0 | 0 | 9,000 | -15,000 | -103,000 | -190,000 | -158,000 | -123,000 | -111,000 | -115,000 | -129,000 | -185,000 | -220,000 |
cash flow from financing | -425,000 | 4,344,000 | 5,009,000 | 1,266,000 | -24,000 | -338,000 | -4,488,000 | 3,019,000 | 1,707,000 | 793,000 | 332,000 | 447,000 | 992,000 | -1,337,000 | 5,953,000 |
cash and cash equivalents | |||||||||||||||
cash | -520,000 | 3,057,000 | -666,000 | 808,000 | 332,000 | 26,000 | 375,000 | 296,000 | -54,000 | -662,000 | 471,000 | 136,000 | -317,000 | 401,000 | 207,000 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -751,000 | 691,000 | 60,000 | 0 | -173,000 | 173,000 | -103,000 | 103,000 |
change in cash | -520,000 | 3,057,000 | -666,000 | 808,000 | 332,000 | 26,000 | 375,000 | 1,047,000 | -745,000 | -722,000 | 471,000 | 309,000 | -490,000 | 504,000 | 104,000 |
prinova solutions europe limited Credit Report and Business Information
Prinova Solutions Europe Limited Competitor Analysis
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 directors
Prinova Solutions Europe Limited currently has 3 directors. The longest serving directors include Mr Donald Thorp (Jun 2017) and Nicolaj Dam (Apr 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Donald Thorp | England | 62 years | Jun 2017 | - | Director |
Nicolaj Dam | United Kingdom | 52 years | Apr 2020 | - | Director |
Mr Barry Kelly | United Kingdom | 39 years | Apr 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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
accounts
Full Accounts
last accounts submitted
December 2023
previous names
lycored limited (July 2017)
nutriblend limited (November 2005)
See moreaccountant
-
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
date | description | view/download |
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