pirean limited
pirean limited Company Information
Company Number
04453109
Next Accounts
Sep 2025
Shareholders
pirean (holdings) limited
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
1 blossom yard, fourth floor, london, E1 6RS
Website
www.pirean.compirean limited Estimated Valuation
Pomanda estimates the enterprise value of PIREAN LIMITED at £3.1m based on a Turnover of £4.3m and 0.72x industry multiple (adjusted for size and gross margin).
pirean limited Estimated Valuation
Pomanda estimates the enterprise value of PIREAN LIMITED at £0 based on an EBITDA of £-692.8k and a 5.09x industry multiple (adjusted for size and gross margin).
pirean limited Estimated Valuation
Pomanda estimates the enterprise value of PIREAN LIMITED at £11.1m based on Net Assets of £4.8m and 2.29x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Pirean Limited Overview
Pirean Limited is a live company located in london, E1 6RS with a Companies House number of 04453109. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2002, it's largest shareholder is pirean (holdings) limited with a 100% stake. Pirean Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with low growth in recent years.
Upgrade for unlimited company reports & a free credit check
Pirean Limited Health Check
Pomanda's financial health check has awarded Pirean Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £4.3m, make it larger than the average company (£3.2m)
- Pirean Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (8.5%)
- Pirean Limited
8.5% - Industry AVG
Production
with a gross margin of 45.5%, this company has a comparable cost of product (45.5%)
- Pirean Limited
45.5% - Industry AVG
Profitability
an operating margin of -16.2% make it less profitable than the average company (5.8%)
- Pirean Limited
5.8% - Industry AVG
Employees
with 18 employees, this is similar to the industry average (21)
18 - Pirean Limited
21 - Industry AVG
Pay Structure
on an average salary of £63.2k, the company has an equivalent pay structure (£63.2k)
- Pirean Limited
£63.2k - Industry AVG
Efficiency
resulting in sales per employee of £239.1k, this is more efficient (£138.6k)
- Pirean Limited
£138.6k - Industry AVG
Debtor Days
it gets paid by customers after 96 days, this is later than average (61 days)
- Pirean Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 13 days, this is quicker than average (28 days)
- Pirean Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 6 days, this is less than average (12 days)
- Pirean Limited
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (16 weeks)
5 weeks - Pirean Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.7%, this is a lower level of debt than the average (58.8%)
48.7% - Pirean Limited
58.8% - Industry AVG
PIREAN LIMITED financials
Pirean Limited's latest turnover from December 2023 is estimated at £4.3 million and the company has net assets of £4.8 million. According to their latest financial statements, Pirean Limited has 18 employees and maintains cash reserves of £498.2 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 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,987,320 | 4,933,716 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 1,145,872 | 2,805,362 | |||||||||||||
| Gross Profit | 841,448 | 2,128,354 | |||||||||||||
| Admin Expenses | 1,208,340 | 2,170,580 | |||||||||||||
| Operating Profit | -366,892 | -42,226 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -425,080 | -101,319 | |||||||||||||
| Tax | 47,374 | ||||||||||||||
| Profit After Tax | -425,080 | -53,945 | |||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -425,080 | -53,945 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 18 | 24 | 27 | 37 | 36 | 33 | 35 | 42 | 44 | ||||||
| EBITDA* | -357,374 | -21,947 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,227 | 9,343 | 27,545 | 58,452 | 78,241 | 51,720 | 61,238 | 74,383 | 96,406 | 128,111 | 21,432 | 186,103 | 22,561 | 28,629 | 38,655 |
| Intangible Assets | 676,400 | ||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 6,227 | 9,343 | 27,545 | 58,452 | 78,241 | 51,720 | 61,238 | 74,383 | 96,406 | 128,111 | 21,432 | 862,503 | 22,561 | 28,629 | 38,655 |
| Stock & work in progress | 41,564 | 10,139 | 40,076 | 59,233 | 60,603 | 118,324 | 160,656 | ||||||||
| Trade Debtors | 1,141,737 | 819,013 | 1,343,654 | 830,058 | 325,379 | 568,550 | 381,463 | 152,195 | 3,231,108 | 2,527,693 | 2,444,985 | 2,118,503 | 2,089,576 | 1,248,157 | 1,146,040 |
| Group Debtors | 7,451,591 | 8,013,832 | 8,705,476 | 10,046,642 | 8,257,522 | 5,206,792 | 4,578,345 | 3,216,745 | |||||||
| Misc Debtors | 284,540 | 354,372 | 415,210 | 904,151 | 717,259 | 339,494 | 284,786 | 307,210 | 5,943 | 383,520 | 108,698 | 176,745 | |||
| Cash | 498,202 | 202,435 | 121,832 | 461,464 | 14,741 | 49,029 | 63,944 | 174,455 | 222,325 | 325,982 | 47,701 | 324,870 | 259,948 | 618,067 | 829,597 |
| misc current assets | 16,055 | ||||||||||||||
| total current assets | 9,417,634 | 9,399,791 | 10,626,248 | 12,301,548 | 9,375,504 | 6,282,189 | 5,469,194 | 3,850,605 | 3,475,431 | 2,853,675 | 2,492,686 | 2,443,373 | 2,733,044 | 1,974,922 | 2,152,382 |
| total assets | 9,423,861 | 9,409,134 | 10,653,793 | 12,360,000 | 9,453,745 | 6,333,909 | 5,530,432 | 3,924,988 | 3,571,837 | 2,981,786 | 2,514,118 | 3,305,876 | 2,755,605 | 2,003,551 | 2,191,037 |
| Bank overdraft | 233,937 | 534,935 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 89,703 | 105,550 | 380,361 | 349,442 | 644,094 | 331,550 | 368,402 | 238,399 | 1,705,043 | 1,437,631 | 1,216,476 | 2,258,691 | 2,069,437 | 1,457,597 | 1,431,119 |
| Group/Directors Accounts | 2,557,858 | 2,559,440 | 2,755,474 | 8,127,251 | 5,440,937 | 3,139,604 | 202,233 | 446,277 | |||||||
| other short term finances | 245,227 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 1,865,041 | 1,230,335 | 1,654,105 | 1,173,929 | 1,196,496 | 1,252,233 | 2,278,619 | 2,125,744 | |||||||
| total current liabilities | 4,512,602 | 3,895,325 | 4,789,940 | 9,650,622 | 7,526,754 | 4,957,324 | 3,181,956 | 2,364,143 | 1,705,043 | 1,437,631 | 1,418,709 | 2,704,968 | 2,069,437 | 1,457,597 | 1,431,119 |
| loans | 294,765 | 841,577 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | 313,830 | ||||||||||||||
| other liabilities | 70,000 | 70,000 | |||||||||||||
| provisions | 75,000 | ||||||||||||||
| total long term liabilities | 75,000 | 294,765 | 841,577 | 313,830 | 70,000 | 70,000 | |||||||||
| total liabilities | 4,587,602 | 3,895,325 | 4,789,940 | 9,650,622 | 7,526,754 | 5,252,089 | 4,023,533 | 2,364,143 | 2,018,873 | 1,437,631 | 1,418,709 | 2,704,968 | 2,069,437 | 1,527,597 | 1,501,119 |
| net assets | 4,836,259 | 5,513,809 | 5,863,853 | 2,709,378 | 1,926,991 | 1,081,820 | 1,506,899 | 1,560,845 | 1,552,964 | 1,544,155 | 1,095,409 | 600,908 | 686,168 | 475,954 | 689,918 |
| total shareholders funds | 4,836,259 | 5,513,809 | 5,863,853 | 2,709,378 | 1,926,991 | 1,081,820 | 1,506,899 | 1,560,845 | 1,552,964 | 1,544,155 | 1,095,409 | 600,908 | 686,168 | 475,954 | 689,918 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -366,892 | -42,226 | |||||||||||||
| Depreciation | 3,116 | 20,246 | 14,956 | 20,426 | 19,265 | 9,518 | 20,279 | 23,035 | 32,943 | 42,053 | 7,168 | 24,458 | 7,537 | 10,575 | 11,568 |
| Amortisation | 35,600 | ||||||||||||||
| Tax | 47,374 | ||||||||||||||
| Stock | 31,425 | -29,937 | -19,157 | -1,370 | -57,721 | 118,324 | 160,656 | ||||||||
| Debtors | -309,349 | -1,277,123 | -1,316,511 | 2,480,691 | 3,185,324 | 2,438,686 | 1,568,444 | 439,099 | 709,358 | 82,708 | 326,482 | -354,593 | 1,116,241 | 34,070 | 1,322,785 |
| Creditors | -15,847 | -274,811 | 30,919 | -294,652 | 312,544 | 93,151 | 130,003 | -1,466,644 | 267,412 | 221,155 | -1,042,215 | 189,254 | 611,840 | 26,478 | 1,431,119 |
| Accruals and Deferred Income | 634,706 | -423,770 | 480,176 | -22,567 | -55,737 | -873,511 | 152,875 | 1,811,914 | 313,830 | ||||||
| Deferred Taxes & Provisions | 75,000 | ||||||||||||||
| Cash flow from operations | -3,694,744 | -1,420,795 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -1,582 | -196,034 | -5,371,777 | 2,686,314 | 2,301,333 | 3,139,604 | -202,233 | -244,044 | 446,277 | ||||||
| Other Short Term Loans | -245,227 | 245,227 | |||||||||||||
| Long term loans | -294,765 | 294,765 | 841,577 | ||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -70,000 | 70,000 | |||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 3,380,424 | 841,576 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 295,767 | 80,603 | -339,632 | 446,723 | -34,288 | -125,426 | -110,511 | -47,870 | -103,657 | 278,281 | -277,169 | 64,922 | -358,119 | -211,530 | 829,597 |
| overdraft | -233,937 | 233,937 | 534,935 | ||||||||||||
| change in cash | 295,767 | 80,603 | -339,632 | 446,723 | 199,649 | -359,363 | -645,446 | -47,870 | -103,657 | 278,281 | -277,169 | 64,922 | -358,119 | -211,530 | 829,597 |
pirean limited Credit Report and Business Information
Pirean Limited Competitor Analysis
Perform a competitor analysis for pirean limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in E 1 area or any other competitors across 12 key performance metrics.
pirean limited Ownership
PIREAN LIMITED group structure
Pirean Limited has no subsidiary companies.
Ultimate parent company
EXOSTAR LLC
#0044436
2 parents
PIREAN LIMITED
04453109
pirean limited directors
Pirean Limited currently has 2 directors. The longest serving directors include Mr Richard Addi (Sep 2018) and Mr Edwin Simpson (May 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Addi | United States | 60 years | Sep 2018 | - | Director |
| Mr Edwin Simpson | United States | 62 years | May 2024 | - | Director |
P&L
December 2023turnover
4.3m
+25%
operating profit
-695.9k
0%
gross margin
45.5%
-1.22%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.8m
-0.12%
total assets
9.4m
0%
cash
498.2k
+1.46%
net assets
Total assets minus all liabilities
pirean limited company details
company number
04453109
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
May 2002
age
23
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BLUE SPIRE LTD
address
1 blossom yard, fourth floor, london, E1 6RS
Bank
-
Legal Advisor
-
pirean 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 2 charges/mortgages relating to pirean limited. Currently there are 0 open charges and 2 have been satisfied in the past.
pirean 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.
Click to start generating capital raising & share issue transactions for PIREAN LIMITED. This can take several minutes, an email will notify you when this has completed.
pirean limited Companies House Filings - See Documents
| date | description | view/download |
|---|
