Promission Limited

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promission limited Company Information

Live

MatureSmallDeclining

Company Number

04129620

Website

www.promission.co.uk

Registered Address

16 berkeley street, london, W1J 8DZ

Industry

Management of real estate on a fee or contract basis

Telephone

02075930482

Next Accounts Due

September 2025

Group Structure

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Directors

Andrew Hale23 Years

Simon Crust23 Years

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Shareholders

andrew robert hale 35%

heather joan crust & simon crust 25.6%

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promission limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of PROMISSION LIMITED at £2.5m based on a Turnover of £1.2m and 2.12x industry multiple (adjusted for size and gross margin).

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Promission Limited is a live company located in london, W1J 8DZ with a Companies House number of 04129620. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in December 2000, it's largest shareholder is andrew robert hale with a 35% stake. Promission Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Promission Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.2m, make it in line with the average company (£1.2m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.9%)

EXPORT

Promission Limited's latest turnover from December 2023 is estimated at £1.2 million and the company has net assets of £319.5 thousand. According to their latest financial statements, Promission Limited has 8 employees and maintains cash reserves of £333.7 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	1,188,389	1,408,250	1,277,454	1,229,078	1,710,044	1,294,520	947,004	1,057,493	735,003	1,488,903	666,282	1,597,761	1,233,120	1,272,480	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	666,847	775,564	707,654	723,523	1,000,445	746,265	565,113	578,402	416,086	955,156	433,005	1,050,169	802,901	817,251	0
Gross Profit	521,542	632,686	569,800	505,555	709,599	548,255	381,891	479,090	318,917	533,747	233,277	547,592	430,219	455,229	0
Admin Expenses	545,741	487,252	584,206	513,908	631,818	532,597	301,003	464,940	365,365	423,379	295,521	555,457	411,428	360,962	-7,755
Operating Profit	-24,199	145,434	-14,406	-8,353	77,781	15,658	80,888	14,150	-46,448	110,368	-62,244	-7,865	18,791	94,267	7,755
Interest Payable	0	2,138	2,969	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	18,537	11,888	796	313	1,729	1,000	510	451	960	627	603	717	922	737	152
Pre-Tax Profit	-5,662	155,184	-16,578	-9,565	79,510	16,658	81,398	14,601	-45,488	110,995	-61,641	-7,148	19,714	95,004	7,907
Tax	0	-29,485	0	0	-15,107	-3,165	-15,466	-2,920	0	-23,309	0	0	-5,126	-26,601	-2,214
Profit After Tax	-5,662	125,699	-16,578	-9,565	64,403	13,493	65,932	11,681	-45,488	87,686	-61,641	-7,148	14,588	68,403	5,693
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,662	125,699	-16,578	-9,565	64,403	13,493	65,932	11,681	-45,488	87,686	-61,641	-7,148	14,588	68,403	5,693
Employee Costs	361,331	399,213	467,398	400,524	411,429	302,749	290,062	297,483	255,915	411,263	203,572	447,494	386,248	417,383	0
Number Of Employees	8	9	11	10	10	8	8	8	7	12	6	13	11	12	0
EBITDA*	-22,586	147,145	-12,788	-6,463	79,908	16,964	81,334	15,068	-45,432	111,720	-60,817	-6,255	20,635	95,811	8,720

* 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	4,839	5,131	4,847	5,672	6,385	3,919	1,336	2,816	3,047	4,033	3,389	4,817	5,497	4,627	2,890
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	4,839	5,131	4,847	5,672	6,385	3,919	1,336	2,816	3,047	4,033	3,389	4,817	5,497	4,627	2,890
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	198,075	272,893	235,126	221,218	293,646	224,850	157,705	192,453	95,793	130,159	49,969	140,293	112,294	96,867	63,413
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	14,061	9,695	33,162	25,400	75,279	32,174	79,470	19,275	36,728	0	0	0	0	0	0
Cash	333,736	407,750	271,543	365,465	259,649	201,336	65,431	138,509	222,480	161,578	89,313	151,957	134,790	234,161	60,715
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	545,872	690,338	539,831	612,083	628,574	458,360	302,606	350,237	355,001	291,737	139,282	292,250	247,084	331,028	124,128
total assets	550,711	695,469	544,678	617,755	634,959	462,279	303,942	353,053	358,048	295,770	142,671	297,067	252,581	335,655	127,018
Bank overdraft	0	0	10,000	5,000	0	0	0	0	0	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	16,825	13,727	9,934	11,899	12,562	23,866	2,339	8,282	15,872	180,189	114,776	207,531	139,664	204,326	93,812
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	16,233	49,233	19,513
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	214,390	356,584	290,285	339,819	396,795	277,214	153,897	262,997	272,083	0	0	0	0	0	0
total current liabilities	231,215	370,311	310,219	356,718	409,357	301,080	156,236	271,279	287,955	180,189	114,776	207,531	155,897	253,559	113,325
loans	0	0	35,000	45,000	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	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	35,000	45,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	231,215	370,311	345,219	401,718	409,357	301,080	156,236	271,279	287,955	180,189	114,776	207,531	155,897	253,559	113,325
net assets	319,496	325,158	199,459	216,037	225,602	161,199	147,706	81,774	70,093	115,581	27,895	89,536	96,684	82,096	13,693
total shareholders funds	319,496	325,158	199,459	216,037	225,602	161,199	147,706	81,774	70,093	115,581	27,895	89,536	96,684	82,096	13,693

	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	-24,199	145,434	-14,406	-8,353	77,781	15,658	80,888	14,150	-46,448	110,368	-62,244	-7,865	18,791	94,267	7,755
Depreciation	1,613	1,711	1,618	1,890	2,127	1,306	446	918	1,016	1,352	1,427	1,610	1,844	1,544	965
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-29,485	0	0	-15,107	-3,165	-15,466	-2,920	0	-23,309	0	0	-5,126	-26,601	-2,214
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-70,452	14,300	21,670	-122,307	111,901	19,849	25,447	79,207	2,362	80,190	-90,324	27,999	15,427	33,454	63,413
Creditors	3,098	3,793	-1,965	-663	-11,304	21,527	-5,943	-7,590	-164,317	65,413	-92,755	67,867	-64,662	110,514	93,812
Accruals and Deferred Income	-142,194	66,299	-49,534	-56,976	119,581	123,317	-109,100	-9,086	272,083	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-91,230	173,452	-85,957	58,205	61,177	138,794	-74,622	-83,735	59,972	73,634	-63,248	33,613	-64,580	146,270	36,905
Investing Activities
capital expenditure	-1,321	-1,995	-793	-1,177	-4,593	-3,889	1,034	-687	-30	-1,996	1	-930	-2,714	-3,281	-3,855
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,321	-1,995	-793	-1,177	-4,593	-3,889	1,034	-687	-30	-1,996	1	-930	-2,714	-3,281	-3,855
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	0	0	0	0	0	0	0	-16,233	-33,000	29,720	19,513
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-35,000	-10,000	45,000	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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	8,000
interest	18,537	9,750	-2,173	-1,212	1,729	1,000	510	451	960	627	603	717	922	737	152
cash flow from financing	18,537	-25,250	-12,173	43,788	1,729	1,000	510	451	960	627	603	-15,516	-32,078	30,457	27,665
cash and cash equivalents
cash	-74,014	136,207	-93,922	105,816	58,313	135,905	-73,078	-83,971	60,902	72,265	-62,644	17,167	-99,371	173,446	60,715
overdraft	0	-10,000	5,000	5,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	-74,014	146,207	-98,922	100,816	58,313	135,905	-73,078	-83,971	60,902	72,265	-62,644	17,167	-99,371	173,446	60,715

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROMISSION LIMITED group structure

Promission Limited has no subsidiary companies.

Ultimate parent company

PROMISSION LIMITED

04129620

PROMISSION LIMITED Shareholders

andrew robert hale	35%
heather joan crust & simon crust	25.64%
ian simmonds	20%
martyn john grant	10%
simon crust	9.36%

Promission Limited currently has 4 directors. The longest serving directors include Mr Andrew Hale (Jan 2001) and Mr Simon Crust (Jan 2001).

officer	country	age	start	end	role
Mr Andrew Hale	England	60 years	Jan 2001	-	Director
Mr Simon Crust	England	62 years	Jan 2001	-	Director
Mr Ian Simmonds	England	55 years	Apr 2014	-	Director
Mr Martyn Grant	England	51 years	Oct 2018	-	Director

P&L

December 2023

turnover

1.2m

-16%

operating profit

-24.2k

gross margin

43.9%

-2.32%

turnover

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

Balance Sheet

December 2023

net assets

319.5k

-0.02%

total assets

550.7k

-0.21%

cash

333.7k

-0.18%

net assets

Total assets minus all liabilities

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company number

04129620

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

December 2000

ultimate parent company

None

previous names

N/A

address

16 berkeley street, london, W1J 8DZ

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.

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promission limited Company Information

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