picc services (europe) ltd.
picc services (europe) ltd. Company Information
Company Number
04104031
Next Accounts
Sep 2025
Directors
Shareholders
picc property and casualty company limited
Group Structure
View All
Industry
Other activities auxiliary to insurance and pension funding
Registered Address
7 bell yard, london, WC2A 2JR
Website
-picc services (europe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICC SERVICES (EUROPE) LTD. at £96.5k based on a Turnover of £124k and 0.78x industry multiple (adjusted for size and gross margin).
picc services (europe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICC SERVICES (EUROPE) LTD. at £0 based on an EBITDA of £-43.2k and a 4.96x industry multiple (adjusted for size and gross margin).
picc services (europe) ltd. Estimated Valuation
Pomanda estimates the enterprise value of PICC SERVICES (EUROPE) LTD. at £1.2m based on Net Assets of £563.5k and 2.06x industry multiple (adjusted for liquidity).
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Picc Services (europe) Ltd. Overview
Picc Services (europe) Ltd. is a live company located in london, WC2A 2JR with a Companies House number of 04104031. It operates in the other activities auxiliary to insurance and pension funding sector, SIC Code 66290. Founded in November 2000, it's largest shareholder is picc property and casualty company limited with a 100% stake. Picc Services (europe) Ltd. is a mature, micro sized company, Pomanda has estimated its turnover at £124k with declining growth in recent years.
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Picc Services (europe) Ltd. Health Check
Pomanda's financial health check has awarded Picc Services (Europe) Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
4 Weak
Size
annual sales of £124k, make it smaller than the average company (£1.7m)
- Picc Services (europe) Ltd.
£1.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (7%)
- Picc Services (europe) Ltd.
7% - Industry AVG
Production
with a gross margin of 100%, this company has a comparable cost of product (100%)
- Picc Services (europe) Ltd.
100% - Industry AVG
Profitability
an operating margin of -34.8% make it less profitable than the average company (10.4%)
- Picc Services (europe) Ltd.
10.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (9)
1 - Picc Services (europe) Ltd.
9 - Industry AVG
Pay Structure
on an average salary of £59.8k, the company has an equivalent pay structure (£59.8k)
- Picc Services (europe) Ltd.
£59.8k - Industry AVG
Efficiency
resulting in sales per employee of £124k, this is equally as efficient (£124k)
- Picc Services (europe) Ltd.
£124k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Picc Services (europe) Ltd.
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Picc Services (europe) Ltd.
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Picc Services (europe) Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4411 weeks, this is more cash available to meet short term requirements (41 weeks)
4411 weeks - Picc Services (europe) Ltd.
41 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 1.2%, this is a lower level of debt than the average (56%)
1.2% - Picc Services (europe) Ltd.
56% - Industry AVG
PICC SERVICES (EUROPE) LTD. financials
Picc Services (Europe) Ltd.'s latest turnover from December 2023 is estimated at £124 thousand and the company has net assets of £563.5 thousand. According to their latest financial statements, Picc Services (Europe) Ltd. has 1 employee and maintains cash reserves of £570.1 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 | 193,140 | 27,000 | 23,690 | 25,790 | 17,460 | 39,396 | 16,237 | 18,585 | 28,688 | 28,791 | 17,516 | ||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 5,000 | 8,000 | 1,000 | 3,000 | 4,925 | ||||||||||
| Gross Profit | 188,140 | 19,000 | 22,690 | 22,790 | 17,460 | 23,763 | 28,791 | ||||||||
| Admin Expenses | 183,009 | 10,345 | 8,559 | 8,947 | 5,628 | 13,569 | 19,172 | ||||||||
| Operating Profit | 5,131 | 8,655 | 14,131 | 13,843 | 11,832 | 8,110 | 6,994 | 8,068 | 10,194 | 9,619 | 517 | ||||
| Interest Payable | 84 | 138 | 184 | 38 | |||||||||||
| Interest Receivable | 1,319 | 1,282 | 1,477 | 1,969 | 1,748 | 1,201 | 1,197 | 1,218 | 1,139 | 1,254 | 8,410 | ||||
| Pre-Tax Profit | 6,450 | 9,937 | 15,608 | 15,812 | 13,580 | 9,311 | 8,191 | 9,286 | 11,333 | 10,873 | 8,927 | ||||
| Tax | -1,434 | -2,973 | -3,319 | -3,467 | -2,744 | -1,972 | -1,638 | -2,319 | -2,530 | -3,491 | -1,884 | ||||
| Profit After Tax | 5,016 | 6,964 | 12,289 | 12,345 | 10,836 | 7,339 | 6,553 | 6,967 | 8,803 | 7,382 | 7,043 | ||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 5,016 | 6,964 | 12,289 | 12,345 | 10,836 | 7,339 | 6,553 | 6,967 | 8,803 | 7,382 | 7,043 | ||||
| Employee Costs | 176,740 | ||||||||||||||
| Number Of Employees | 1 | 1 | 1 | 2 | 4 | 2 | |||||||||
| EBITDA* | 5,131 | 8,655 | 14,131 | 13,843 | 11,832 | 8,110 | 6,994 | 8,068 | 10,194 | 9,619 | 517 |
* 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 | |||||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | |||||||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | |||||||||||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 80 | 202 | 1,948 | 4,305 | 39,972 | 1,000 | 4,800 | ||||||||
| Cash | 570,147 | 601,402 | 634,467 | 683,902 | 667,150 | 697,701 | 683,091 | 674,755 | 660,366 | 647,977 | 645,498 | 649,462 | 660,483 | 669,237 | 838,521 |
| misc current assets | 2 | ||||||||||||||
| total current assets | 570,227 | 601,604 | 636,415 | 688,207 | 707,122 | 697,701 | 684,091 | 674,755 | 660,366 | 647,977 | 645,498 | 649,464 | 660,483 | 674,037 | 838,521 |
| total assets | 570,227 | 601,604 | 636,415 | 688,207 | 707,122 | 697,701 | 684,091 | 674,755 | 660,366 | 647,977 | 645,498 | 649,464 | 660,483 | 674,037 | 838,521 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 19,547 | 310 | |||||||||||||
| Group/Directors Accounts | 1,459 | 1,459 | 229,468 | ||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 6,720 | 6,120 | 6,119 | 4,920 | 19,188 | 15,093 | 8,447 | 11,400 | 9,356 | 7,803 | 12,663 | 23,182 | 41,168 | 63,525 | 5,923 |
| total current liabilities | 6,720 | 25,667 | 7,578 | 6,379 | 19,498 | 15,093 | 8,447 | 11,400 | 9,356 | 7,803 | 12,663 | 23,182 | 41,168 | 63,525 | 235,391 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | |||||||||||||||
| total liabilities | 6,720 | 25,667 | 7,578 | 6,379 | 19,498 | 15,093 | 8,447 | 11,400 | 9,356 | 7,803 | 12,663 | 23,182 | 41,168 | 63,525 | 235,391 |
| net assets | 563,507 | 575,937 | 628,837 | 681,828 | 687,624 | 682,608 | 675,644 | 663,355 | 651,010 | 640,174 | 632,835 | 626,282 | 619,315 | 610,512 | 603,130 |
| total shareholders funds | 563,507 | 575,937 | 628,837 | 681,828 | 687,624 | 682,608 | 675,644 | 663,355 | 651,010 | 640,174 | 632,835 | 626,282 | 619,315 | 610,512 | 603,130 |
| 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 | 5,131 | 8,655 | 14,131 | 13,843 | 11,832 | 8,110 | 6,994 | 8,068 | 10,194 | 9,619 | 517 | ||||
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -1,434 | -2,973 | -3,319 | -3,467 | -2,744 | -1,972 | -1,638 | -2,319 | -2,530 | -3,491 | -1,884 | ||||
| Stock | |||||||||||||||
| Debtors | -122 | -1,746 | -2,357 | -35,667 | 39,972 | -1,000 | 1,000 | -4,800 | 4,800 | ||||||
| Creditors | -19,547 | 19,547 | -310 | 310 | |||||||||||
| Accruals and Deferred Income | 600 | 1 | 1,199 | -14,268 | 4,095 | 6,646 | -2,953 | 2,044 | 1,553 | -4,860 | -10,519 | -17,986 | -22,357 | 57,602 | 5,923 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -31,870 | 13,328 | 6,859 | 12,420 | 10,641 | 1,278 | -5,163 | -12,237 | -9,893 | 58,930 | 4,556 | ||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,459 | 1,459 | -229,468 | 229,468 | |||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | 1,319 | 1,282 | 1,477 | 1,969 | 1,748 | 1,201 | 1,197 | 1,134 | 1,001 | 1,070 | 8,372 | ||||
| cash flow from financing | 1,319 | 1,282 | 1,477 | 1,969 | 1,748 | 1,201 | 1,197 | 1,134 | 1,001 | -228,398 | 833,927 | ||||
| cash and cash equivalents | |||||||||||||||
| cash | -31,255 | -33,065 | -49,435 | 16,752 | -30,551 | 14,610 | 8,336 | 14,389 | 12,389 | 2,479 | -3,964 | -11,021 | -8,754 | -169,284 | 838,521 |
| overdraft | |||||||||||||||
| change in cash | -31,255 | -33,065 | -49,435 | 16,752 | -30,551 | 14,610 | 8,336 | 14,389 | 12,389 | 2,479 | -3,964 | -11,021 | -8,754 | -169,284 | 838,521 |
picc services (europe) ltd. Credit Report and Business Information
Picc Services (europe) Ltd. Competitor Analysis
Perform a competitor analysis for picc services (europe) ltd. by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WC2A area or any other competitors across 12 key performance metrics.
picc services (europe) ltd. Ownership
PICC SERVICES (EUROPE) LTD. group structure
Picc Services (Europe) Ltd. has no subsidiary companies.
Ultimate parent company
PICC PROPERTY AND CASUALTY CO LTD
#0154643
1 parent
PICC SERVICES (EUROPE) LTD.
04104031
picc services (europe) ltd. directors
Picc Services (Europe) Ltd. currently has 1 director, Mr Lijun Zhang serving since Jul 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lijun Zhang | China | 54 years | Jul 2016 | - | Director |
P&L
December 2023turnover
124k
+6%
operating profit
-43.2k
0%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
563.5k
-0.02%
total assets
570.2k
-0.05%
cash
570.1k
-0.05%
net assets
Total assets minus all liabilities
picc services (europe) ltd. company details
company number
04104031
Type
Private limited with Share Capital
industry
66290 - Other activities auxiliary to insurance and pension funding
incorporation date
November 2000
age
25
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
tellyoung limited (December 2000)
accountant
SHINEWING WILSON ACCOUNTANCY LIMITED
auditor
-
address
7 bell yard, london, WC2A 2JR
Bank
-
Legal Advisor
-
picc services (europe) ltd. 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 picc services (europe) ltd..
picc services (europe) ltd. 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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picc services (europe) ltd. Companies House Filings - See Documents
| date | description | view/download |
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