the practice engine group limited
the practice engine group limited Company Information
Company Number
03938072
Next Accounts
Jan 2025
Industry
Other information technology and computer service activities
Shareholders
iris capital limited
Group Structure
View All
Contact
Registered Address
heathrow approach 4th floor, 470 london road, slough, SL3 8QY
Website
https://www.praceng.comthe practice engine group limited Estimated Valuation
Pomanda estimates the enterprise value of THE PRACTICE ENGINE GROUP LIMITED at £2m based on a Turnover of £1.8m and 1.07x industry multiple (adjusted for size and gross margin).
the practice engine group limited Estimated Valuation
Pomanda estimates the enterprise value of THE PRACTICE ENGINE GROUP LIMITED at £4.4m based on an EBITDA of £621.6k and a 7.13x industry multiple (adjusted for size and gross margin).
the practice engine group limited Estimated Valuation
Pomanda estimates the enterprise value of THE PRACTICE ENGINE GROUP LIMITED at £8.1m based on Net Assets of £3.6m and 2.23x industry multiple (adjusted for liquidity).
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The Practice Engine Group Limited Overview
The Practice Engine Group Limited is a live company located in slough, SL3 8QY with a Companies House number of 03938072. It operates in the other information technology service activities sector, SIC Code 62090. Founded in March 2000, it's largest shareholder is iris capital limited with a 100% stake. The Practice Engine Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.
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The Practice Engine Group Limited Health Check
Pomanda's financial health check has awarded The Practice Engine Group Limited a 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
0 Regular
4 Weak
Size
annual sales of £1.8m, make it smaller than the average company (£6.5m)
£1.8m - The Practice Engine Group Limited
£6.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (6.7%)
17% - The Practice Engine Group Limited
6.7% - Industry AVG
Production
with a gross margin of 94.7%, this company has a lower cost of product (49.9%)
94.7% - The Practice Engine Group Limited
49.9% - Industry AVG
Profitability
an operating margin of 16.6% make it more profitable than the average company (3.4%)
16.6% - The Practice Engine Group Limited
3.4% - Industry AVG
Employees
with 4 employees, this is below the industry average (40)
4 - The Practice Engine Group Limited
40 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - The Practice Engine Group Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £458.8k, this is more efficient (£172.7k)
£458.8k - The Practice Engine Group Limited
£172.7k - Industry AVG
Debtor Days
it gets paid by customers after 92 days, this is later than average (54 days)
92 days - The Practice Engine Group Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 2046 days, this is slower than average (35 days)
2046 days - The Practice Engine Group Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Practice Engine Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (15 weeks)
7 weeks - The Practice Engine Group Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.9%, this is a lower level of debt than the average (63.6%)
18.9% - The Practice Engine Group Limited
63.6% - Industry AVG
THE PRACTICE ENGINE GROUP LIMITED financials
The Practice Engine Group Limited's latest turnover from April 2023 is £1.8 million and the company has net assets of £3.6 million. According to their latest financial statements, The Practice Engine Group Limited has 4 employees and maintains cash reserves of £104.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,835,178 | 1,530,410 | 1,698,047 | 1,158,319 | 1,886,527 | ||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||||||
| Cost Of Sales | 97,766 | -188,789 | 179,249 | 132,751 | 233,373 | ||||||||||
| Gross Profit | 1,737,412 | 1,719,199 | 1,518,798 | 1,025,568 | 1,653,154 | ||||||||||
| Admin Expenses | 1,433,581 | 1,402,974 | 479,820 | 476,687 | 975,188 | ||||||||||
| Operating Profit | 303,831 | 316,225 | 1,038,978 | 548,881 | 677,966 | ||||||||||
| Interest Payable | 0 | 2,716 | 9,258 | 13,685 | 469 | ||||||||||
| Interest Receivable | 150,749 | 90,959 | 48,004 | 155 | 521 | ||||||||||
| Pre-Tax Profit | 454,580 | 404,468 | 1,077,724 | 535,351 | 678,018 | ||||||||||
| Tax | 36,757 | -56,207 | -99,561 | 26,412 | -30,007 | ||||||||||
| Profit After Tax | 491,337 | 348,261 | 978,163 | 561,763 | 648,011 | ||||||||||
| Dividends Paid | 0 | 7,211 | 0 | 0 | 0 | ||||||||||
| Retained Profit | 491,337 | 341,050 | 978,163 | 561,763 | 648,011 | ||||||||||
| Employee Costs | 0 | 0 | 774,107 | ||||||||||||
| Number Of Employees | 4 | 12 | 12 | 12 | |||||||||||
| EBITDA* | 621,637 | 634,031 | 1,259,217 | 609,336 | 756,558 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 2,283 | 3,344 | 4,974 | 5,683 | 13,048 | 18,974 | 7,864 | 10,158 | 18,055 | 22,695 | 28,951 | 11,281 |
| Intangible Assets | 794,492 | 987,848 | 1,018,204 | 808,841 | 601,077 | 485,333 | 541,333 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 6,566 | 6,566 | 6,566 | 6,566 | 6,566 | 6,566 | 6,566 | 6,566 | 6,566 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 59 | 0 | 0 | 0 | 0 | 94,066 | 319,066 | 6,566 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 794,492 | 987,848 | 1,024,770 | 817,749 | 610,987 | 496,873 | 553,582 | 19,614 | 119,606 | 333,496 | 23,290 | 18,055 | 22,695 | 28,951 | 11,281 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 466,805 | 380,163 | 289,329 | 137,810 | 501,049 | 146,672 | 172,691 | 129,205 | 79,280 | 55,006 | 235,710 | 121,212 | 149,106 | 82,048 | 41,502 |
| Group Debtors | 3,074,287 | 2,088,440 | 1,777,385 | 499,248 | 198,496 | 0 | 0 | 182,149 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 34,585 | 81,270 | 27,561 | 4,985 | 9,336 | 22,877 | 516,892 | 30,926 | 225,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 104,316 | 298,253 | 350,423 | 749,565 | 370,846 | 308,030 | 546,553 | 487,529 | 391,087 | 251,121 | 320,876 | 283,186 | 170,154 | 169,597 | 221,934 |
| misc current assets | 0 | 0 | 0 | 142,901 | 140,946 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,679,993 | 2,848,126 | 2,444,698 | 1,534,509 | 1,220,673 | 477,579 | 1,236,136 | 829,809 | 695,367 | 306,127 | 556,586 | 404,398 | 319,260 | 251,645 | 263,436 |
| total assets | 4,474,485 | 3,835,974 | 3,469,468 | 2,352,258 | 1,831,660 | 974,452 | 1,789,718 | 849,423 | 814,973 | 639,623 | 579,876 | 422,453 | 341,955 | 280,596 | 274,717 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 42,530 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 548,246 | 412,273 | 0 | 0 | 4,060 | 20,395 | 15,895 | 40,558 | 184,648 | 148,416 | 187,363 | 159,804 | 245,631 | 267,028 | 226,568 |
| Group/Directors Accounts | 43,712 | 13,324 | 0 | 23,141 | 29,376 | 161,375 | 93,148 | 0 | 0 | 0 | 0 | 164 | 1,548 | 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 | 116,555 | 98,985 | 495,368 | 511,060 | 541,854 | 236,179 | 804,568 | 182,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 708,513 | 524,582 | 537,898 | 534,201 | 575,290 | 417,949 | 913,611 | 222,775 | 184,648 | 148,416 | 187,363 | 159,968 | 247,179 | 267,028 | 226,568 |
| loans | 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 |
| 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 | 137,365 | 174,122 | 135,350 | 0 | 76 | 564 | 623 | 1,800 | 3,292 | 960 | 1,284 | 2,700 | 3,414 | 2,110 | 0 |
| total long term liabilities | 137,365 | 174,122 | 135,350 | 0 | 76 | 564 | 623 | 1,800 | 3,292 | 960 | 1,284 | 2,700 | 3,414 | 2,110 | 0 |
| total liabilities | 845,878 | 698,704 | 673,248 | 534,201 | 575,366 | 418,513 | 914,234 | 224,575 | 187,940 | 149,376 | 188,647 | 162,668 | 250,593 | 269,138 | 226,568 |
| net assets | 3,628,607 | 3,137,270 | 2,796,220 | 1,818,057 | 1,256,294 | 555,939 | 875,484 | 624,848 | 627,033 | 490,247 | 391,229 | 259,785 | 91,362 | 11,458 | 48,149 |
| total shareholders funds | 3,628,607 | 3,137,270 | 2,796,220 | 1,818,057 | 1,256,294 | 555,939 | 875,484 | 624,848 | 627,033 | 490,247 | 391,229 | 259,785 | 91,362 | 11,458 | 48,149 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 303,831 | 316,225 | 1,038,978 | 548,881 | 677,966 | ||||||||||
| Depreciation | 0 | 0 | 2,283 | 1,061 | 3,509 | 3,589 | 11,839 | 8,438 | 5,274 | 9,523 | 12,842 | 12,046 | 10,374 | 6,636 | |
| Amortisation | 317,806 | 317,806 | 217,956 | 59,394 | 75,083 | 56,000 | 18,667 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | 36,757 | -56,207 | -99,561 | 26,412 | -30,007 | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,025,804 | 455,598 | 1,452,173 | -66,779 | 539,332 | -520,034 | 347,303 | -56,066 | 24,274 | 131,796 | 121,064 | -27,894 | 67,058 | 40,546 | 41,502 |
| Creditors | 135,973 | 412,273 | 0 | -4,060 | -16,335 | 4,500 | -24,663 | -144,090 | 36,232 | -38,947 | 27,559 | -85,827 | -21,397 | 40,460 | 226,568 |
| Accruals and Deferred Income | 17,570 | -396,383 | -15,692 | -30,794 | 305,675 | -568,389 | 622,351 | 182,217 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -36,757 | 38,772 | 135,350 | -76 | -488 | -59 | -1,177 | -1,492 | 2,332 | -324 | -1,416 | -714 | 1,304 | 2,110 | 0 |
| Cash flow from operations | -250,624 | 176,888 | -172,859 | 667,597 | 476,071 | ||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | -6,566 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6,566 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | -42,530 | 42,530 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 30,388 | 13,324 | -23,141 | -6,235 | -131,999 | 68,227 | 93,148 | 0 | 0 | 0 | -164 | -1,384 | 1,548 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 150,749 | 88,243 | 38,746 | -13,530 | 52 | ||||||||||
| cash flow from financing | 181,137 | 59,037 | 58,135 | -19,765 | -79,603 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -193,937 | -52,170 | -399,142 | 378,719 | 62,816 | -238,523 | 59,024 | 96,442 | 139,966 | -69,755 | 37,690 | 113,032 | 557 | -52,337 | 221,934 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -193,937 | -52,170 | -399,142 | 378,719 | 62,816 | -238,523 | 59,024 | 96,442 | 139,966 | -69,755 | 37,690 | 113,032 | 557 | -52,337 | 221,934 |
the practice engine group limited Credit Report and Business Information
The Practice Engine Group Limited Competitor Analysis
Perform a competitor analysis for the practice engine group limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in SL3 area or any other competitors across 12 key performance metrics.
the practice engine group limited Ownership
THE PRACTICE ENGINE GROUP LIMITED group structure
The Practice Engine Group Limited has no subsidiary companies.
Ultimate parent company
LUXTOPCO 1 SARL
#0150700
2 parents
THE PRACTICE ENGINE GROUP LIMITED
03938072
the practice engine group limited directors
The Practice Engine Group Limited currently has 2 directors. The longest serving directors include Mr Michael Cox (Mar 2019) and Mr David Lockie (Nov 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Cox | England | 42 years | Mar 2019 | - | Director |
| Mr David Lockie | United Kingdom | 51 years | Nov 2020 | - | Director |
P&L
April 2023turnover
1.8m
+20%
operating profit
303.8k
-4%
gross margin
94.7%
-15.72%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
3.6m
+0.16%
total assets
4.5m
+0.17%
cash
104.3k
-0.65%
net assets
Total assets minus all liabilities
Similar Companies
the practice engine group limited company details
company number
03938072
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
March 2000
age
25
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
April 2023
previous names
the practice group limited (August 2000)
four dene limited (April 2000)
accountant
-
auditor
-
address
heathrow approach 4th floor, 470 london road, slough, SL3 8QY
Bank
-
Legal Advisor
-
the practice engine group 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 did not find charges/mortgages relating to the practice engine group limited.
the practice engine group limited Capital Raised & Share Issues BETA
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the practice engine group limited Companies House Filings - See Documents
| date | description | view/download |
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