Promec Limited

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promec limited Company Information

Live

MatureSmallHigh

Company Number

03785911

Next Accounts

Sep 2025

Industry

Dental practice activities

Directors

Jacquelyn Giles

David Giles

Shareholders

jacquelyn giles

Group Structure

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Contact

Registered Address

the dovecote college farm, six ashes road, bridgnorth, south staffordshire, WV15 6EL

Website

www.promecdental.com

promec limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of PROMEC LIMITED at £1m based on a Turnover of £1.5m and 0.69x industry multiple (adjusted for size and gross margin).

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Promec Limited is a live company located in bridgnorth, WV15 6EL with a Companies House number of 03785911. It operates in the dental practice activities sector, SIC Code 86230. Founded in June 1999, it's largest shareholder is jacquelyn giles with a 100% stake. Promec Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.

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Pomanda's financial health check has awarded Promec Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £1.5m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (6.1%)

EXPORT

Promec Limited's latest turnover from December 2023 is estimated at £1.5 million and the company has net assets of £84.3 thousand. According to their latest financial statements, Promec Limited has 10 employees and maintains cash reserves of £81.8 thousand 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	1,504,611	1,360,555	897,442	832,033	676,495	695,142	769,618	642,844	833,215	422,340	573,464	150,435	236,642	672,237	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	791,265	723,492	472,579	437,035	352,151	356,786	382,127	310,599	398,295	201,448	271,090	70,431	108,427	308,694	0
Gross Profit	713,346	637,062	424,863	394,998	324,345	338,357	387,492	332,245	434,920	220,891	302,374	80,004	128,215	363,543	0
Admin Expenses	667,495	585,036	507,637	430,587	274,370	349,534	303,212	331,126	361,822	227,427	346,397	89,936	134,169	337,237	-41,234
Operating Profit	45,851	52,026	-82,774	-35,589	49,975	-11,177	84,280	1,119	73,098	-6,536	-44,023	-9,932	-5,954	26,306	41,234
Interest Payable	9,021	10,086	7,786	3,965	0	0	0	22	23	0	0	0	0	0	0
Interest Receivable	7,860	5,444	333	123	535	568	379	153	174	100	111	112	417	577	217
Pre-Tax Profit	44,689	47,384	-90,227	-39,431	50,510	-10,609	84,659	1,250	73,249	-6,436	-43,912	-9,820	-5,537	26,883	41,451
Tax	-11,172	-9,003	0	0	-9,597	0	-16,085	-250	-14,650	0	0	0	0	-7,527	-11,606
Profit After Tax	33,517	38,381	-90,227	-39,431	40,913	-10,609	68,574	1,000	58,599	-6,436	-43,912	-9,820	-5,537	19,356	29,845
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	33,517	38,381	-90,227	-39,431	40,913	-10,609	68,574	1,000	58,599	-6,436	-43,912	-9,820	-5,537	19,356	29,845
Employee Costs	220,541	248,513	212,675	149,962	143,925	152,471	102,523	117,828	118,148	91,082	116,581	27,920	44,775	128,443	0
Number Of Employees	10	12	11	8	8	9	7	8	8	6	8	2	3	8	0
EBITDA*	87,625	75,590	-56,628	-11,611	76,580	-205	94,112	8,045	80,443	3,258	-35,653	571	7,821	36,068	44,655

* 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	124,961	70,203	78,430	71,937	79,819	32,907	29,488	20,774	22,037	29,382	25,109	31,510	41,324	29,286	10,264
Intangible Assets	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0
Total Fixed Assets	124,961	70,203	78,430	71,937	79,819	32,907	29,488	20,774	22,037	29,382	25,109	31,510	41,324	29,286	10,264
Stock & work in progress	27,082	6,992	9,827	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	500	200
Trade Debtors	71,391	72,464	47,828	67,241	55,357	58,311	91,675	50,701	92,216	26,051	41,214	9,507	15,976	39,311	6,562
Group Debtors	0	0	9,000	0	0	0	0	0	6,000	0	0	0	0	0	0
Misc Debtors	5,100	0	5,344	6,129	0	0	0	0	102	0	0	0	0	0	0
Cash	81,759	217,654	93,445	173,293	72,485	70,273	81,138	70,547	52,154	17,550	22,531	22,036	22,928	143,899	86,861
misc current assets	0	0	0	0	0	0	0	0	1,696	0	0	0	0	0	0
total current assets	185,332	297,110	165,444	248,163	129,342	130,084	174,313	122,748	153,668	45,101	65,245	33,043	40,404	183,710	93,623
total assets	310,293	367,313	243,874	320,100	209,161	162,991	203,801	143,522	175,705	74,483	90,354	64,553	81,728	212,996	103,887
Bank overdraft	0	0	0	0	0	0	0	0	709	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	52,362	24,780	52,391	30,418	8,935	29,014	27,341	56,333	72,262	90,180	90,176	30,609	37,964	163,695	73,942
Group/Directors Accounts	0	0	0	0	0	604	604	604	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	83,578	185,218	59,901	46,602	48,267	27,387	59,902	40,184	56,837	0	0	0	0	0	0
total current liabilities	135,940	209,998	112,292	77,020	57,202	57,005	87,847	97,121	129,808	90,180	90,176	30,609	37,964	163,695	73,942
loans	67,190	93,180	119,167	130,000	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	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	707	10,146	0	0	0	0
provisions	22,850	13,339	0	10,438	9,886	4,826	4,185	3,206	3,702	0	0	0	0	0	0
total long term liabilities	90,040	106,519	119,167	140,438	9,886	4,826	4,185	3,206	3,702	707	10,146	0	0	0	0
total liabilities	225,980	316,517	231,459	217,458	67,088	61,831	92,032	100,327	133,510	90,887	100,322	30,609	37,964	163,695	73,942
net assets	84,313	50,796	12,415	102,642	142,073	101,160	111,769	43,195	42,195	-16,404	-9,968	33,944	43,764	49,301	29,945
total shareholders funds	84,313	50,796	12,415	102,642	142,073	101,160	111,769	43,195	42,195	-16,404	-9,968	33,944	43,764	49,301	29,945

	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	45,851	52,026	-82,774	-35,589	49,975	-11,177	84,280	1,119	73,098	-6,536	-44,023	-9,932	-5,954	26,306	41,234
Depreciation	41,774	23,564	26,146	23,978	26,605	10,972	9,832	6,926	7,345	9,794	8,370	10,503	13,775	9,762	3,421
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,172	-9,003	0	0	-9,597	0	-16,085	-250	-14,650	0	0	0	0	-7,527	-11,606
Stock	20,090	-2,835	8,327	0	0	0	0	0	0	0	0	0	1,000	300	200
Debtors	4,027	10,292	-11,198	18,013	-2,954	-33,364	40,974	-47,617	72,267	-15,163	31,707	-6,469	-23,335	32,749	6,562
Creditors	27,582	-27,611	21,973	21,483	-20,079	1,673	-28,992	-15,929	-17,918	4	59,567	-7,355	-125,731	89,753	73,942
Accruals and Deferred Income	-101,640	125,317	13,299	-1,665	20,880	-32,515	19,718	-16,653	56,837	0	0	0	0	0	0
Deferred Taxes & Provisions	9,511	13,339	-10,438	552	5,060	641	979	-496	3,702	0	0	0	0	0	0
Cash flow from operations	-12,211	170,175	-28,923	-9,254	75,798	2,958	28,758	22,334	36,147	18,425	-7,793	-315	-95,575	85,245	100,229
Investing Activities
capital expenditure	-96,532	-15,337	-32,639	-16,096	-73,517	-14,391	-18,546	-5,663	0	-14,067	-1,969	-689	-25,813	-28,784	-13,685
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-96,532	-15,337	-32,639	-16,096	-73,517	-14,391	-18,546	-5,663	0	-14,067	-1,969	-689	-25,813	-28,784	-13,685
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-604	0	0	604	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-25,990	-25,987	-10,833	130,000	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	0
other long term liabilities	0	0	0	0	0	0	0	0	-707	-9,439	10,146	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-1,161	-4,642	-7,453	-3,842	535	568	379	131	151	100	111	112	417	577	217
cash flow from financing	-27,151	-30,629	-18,286	126,158	-69	568	379	735	-556	-9,339	10,257	112	417	577	317
cash and cash equivalents
cash	-135,895	124,209	-79,848	100,808	2,212	-10,865	10,591	18,393	34,604	-4,981	495	-892	-120,971	57,038	86,861
overdraft	0	0	0	0	0	0	0	-709	709	0	0	0	0	0	0
change in cash	-135,895	124,209	-79,848	100,808	2,212	-10,865	10,591	19,102	33,895	-4,981	495	-892	-120,971	57,038	86,861

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for promec limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in WV15 area or any other competitors across 12 key performance metrics.

PROMEC LIMITED group structure

Promec Limited has no subsidiary companies.

Ultimate parent company

PROMEC LIMITED

03785911

PROMEC LIMITED Shareholders

jacquelyn giles

100%

Promec Limited currently has 2 directors. The longest serving directors include Mrs Jacquelyn Giles (Apr 2007) and Mr David Giles (Dec 2019).

officer	country	age	start	end	role
Mrs Jacquelyn Giles	England	62 years	Apr 2007	-	Director
Mr David Giles	England	49 years	Dec 2019	-	Director

P&L

December 2023

turnover

1.5m

+11%

operating profit

45.9k

gross margin

47.5%

+1.25%

turnover

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

Balance Sheet

December 2023

net assets

84.3k

+0.66%

total assets

310.3k

-0.16%

cash

81.8k

-0.62%

net assets

Total assets minus all liabilities

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company number

03785911

Type

Private limited with Share Capital

industry

86230 - Dental practice activities

incorporation date

June 1999

ultimate parent company

None

previous names

N/A

address

the dovecote college farm, six ashes road, bridgnorth, south staffordshire, WV15 6EL

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 1 charges/mortgages relating to promec limited. Currently there are 1 open charges and 0 have been satisfied in the past.

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promec limited Company Information

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promec limited Estimated Valuation

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