Proeon Systems Limited

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proeon systems limited Company Information

Company Number

05112628

Next Accounts

91 days late

Directors

Richard Miller

Thomas Rowe

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Shareholders

rsk environment limited

Group Structure

View All

Industry

Computer consultancy activities

Registered Address

spring lodge 172 chester road, helsby, cheshire, WA6 0AR

Website

www.proeon.co.uk

proeon systems limited Estimated Valuation

£4.9m

Pomanda estimates the enterprise value of PROEON SYSTEMS LIMITED at £4.9m based on Net Assets of £2.1m and 2.29x industry multiple (adjusted for liquidity).

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Proeon Systems Limited is a live company located in cheshire, WA6 0AR with a Companies House number of 05112628. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2004, it's largest shareholder is rsk environment limited with a 100% stake. Proeon Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with declining growth in recent years.

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Pomanda's financial health check has awarded Proeon Systems Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

5 Strong

1 Regular

5 Weak

Size

annual sales of £4.2m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.3%)

EXPORT

Proeon Systems Limited's latest turnover from March 2023 is £4.2 million and the company has net assets of £2.1 million. According to their latest financial statements, Proeon Systems Limited has 46 employees and maintains cash reserves of £223.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	4,249,837	5,954,090	8,021,836	4,574,098	4,358,916	2,253,946	2,339,946	3,080,991	5,082,971	3,019,933	1,468,272	881,769	631,245	741,359
Other Income Or Grants
Cost Of Sales	1,405,093	3,876,548	4,014,957	2,142,944	1,988,165	960,152	937,275	1,217,201	1,935,645	1,117,233	512,643	314,445	238,264	271,214
Gross Profit	2,844,744	2,077,542	4,006,879	2,431,154	2,370,751	1,293,794	1,402,671	1,863,790	3,147,326	1,902,700	955,629	567,323	392,980	470,145
Admin Expenses	2,886,607	1,205,605	3,948,334	1,981,246	2,152,834	1,392,498	1,416,704	1,716,750	2,628,863	1,424,828	792,317	606,447	329,511	-7,157
Operating Profit	-41,863	871,937	58,545	449,908	217,917	-98,704	-14,033	147,040	518,463	477,872	163,312	-39,124	63,469	477,302
Interest Payable
Interest Receivable	715	1,941	1,775	1,090	7,677	5,385	2,527	4,269	3,147	2,818	1,910	1,476	1,479	622
Pre-Tax Profit	-41,148	873,878	60,320	450,998	225,594	-93,319	-11,506	151,309	521,610	480,690	165,222	-37,648	64,947	477,924
Tax	257,599	99,986	-11,461	-85,690	-42,863			-30,262	-104,322	-100,945	-38,001		-16,886	-133,819
Profit After Tax	216,451	973,864	48,859	365,308	182,731	-93,319	-11,506	121,047	417,288	379,745	127,221	-37,648	48,061	344,105
Dividends Paid	50,000	900,000
Retained Profit	166,451	73,864	48,859	365,308	182,731	-93,319	-11,506	121,047	417,288	379,745	127,221	-37,648	48,061	344,105
Employee Costs	2,588,097	2,683,309	2,330,988	2,054,245	1,820,196	1,683,011	1,615,499	1,895,983	2,131,626	1,295,678	648,735	376,636	311,474	363,038
Number Of Employees	46	52	49	44	35	32	30	33	37	23	12	7	6	7
EBITDA*	-359	914,277	86,988	473,318	237,443	-75,275	8,491	166,189	544,744	496,508	171,956	-30,837	70,628	480,500

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	116,674	147,968	134,373	68,479	55,328	43,229	33,056	49,493	41,257	22,998	25,932	24,862	21,477	9,593
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	116,674	147,968	134,373	68,479	55,328	43,229	33,056	49,493	41,257	22,998	25,932	24,862	21,477	9,593
Stock & work in progress											21,987	12,200
Trade Debtors	1,747,055	794,279	1,778,393	1,070,220	1,033,765	354,780	408,187	483,821	920,140	490,798	217,388	146,728	100,301	124,935
Group Debtors	602,219
Misc Debtors	1,072,563	592,819	55,454	41,081	143,501	31,709	150,603	25,722
Cash	223,892	980,984	2,226,337	1,323,850	855,151	1,192,040	961,856	1,059,452	648,039	610,606	516,737	247,421	342,788	248,677
misc current assets
total current assets	3,645,729	2,368,082	4,060,184	2,435,151	2,032,417	1,578,529	1,520,646	1,568,995	1,568,179	1,101,404	756,112	406,349	443,089	373,612
total assets	3,762,403	2,516,050	4,194,557	2,503,630	2,087,745	1,621,758	1,553,702	1,618,488	1,609,436	1,124,402	782,044	431,211	464,566	383,205
Bank overdraft
Bank loan
Trade Creditors	653,915	197,580	1,346,080	174,272	335,308	228,606	52,857	27,171	322,313	258,219	300,205	76,593	72,300	39,000
Group/Directors Accounts	119,047			76,979		193
other short term finances
hp & lease commitments
other current liabilities	848,899	322,599	926,681	398,016	266,101	91,662	105,821	181,499
total current liabilities	1,621,861	520,179	2,272,761	649,267	601,409	320,461	158,678	208,670	322,313	258,219	300,205	76,593	72,300	39,000
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities		12,313	15,968
provisions	8,235	17,702	13,836	11,230	8,511	6,203	6,611	9,899	8,251	4,599
total long term liabilities	8,235	30,015	29,804	11,230	8,511	6,203	6,611	9,899	8,251	4,599
total liabilities	1,630,096	550,194	2,302,565	660,497	609,920	326,664	165,289	218,569	330,564	262,818	300,205	76,593	72,300	39,000
net assets	2,132,307	1,965,856	1,891,992	1,843,133	1,477,825	1,295,094	1,388,413	1,399,919	1,278,872	861,584	481,839	354,618	392,266	344,205
total shareholders funds	2,132,307	1,965,856	1,891,992	1,843,133	1,477,825	1,295,094	1,388,413	1,399,919	1,278,872	861,584	481,839	354,618	392,266	344,205

	Mar 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-41,863	871,937	58,545	449,908	217,917	-98,704	-14,033	147,040	518,463	477,872	163,312	-39,124	63,469	477,302
Depreciation	41,504	42,340	28,443	23,410	19,526	23,429	22,524	19,149	26,281	18,636	8,644	8,287	7,159	3,198
Amortisation
Tax	257,599	99,986	-11,461	-85,690	-42,863			-30,262	-104,322	-100,945	-38,001		-16,886	-133,819
Stock										-21,987	9,787	12,200
Debtors	2,034,739	-446,749	722,546	-65,965	790,777	-172,301	49,247	-410,597	429,342	273,410	70,660	46,427	-24,634	124,935
Creditors	456,335	-1,148,500	1,171,808	-161,036	106,702	175,749	25,686	-295,142	64,094	-41,986	223,612	4,293	33,300	39,000
Accruals and Deferred Income	526,300	-604,082	528,665	131,915	174,439	-14,159	-75,678	181,499
Deferred Taxes & Provisions	-9,467	3,866	2,606	2,719	2,308	-408	-3,288	1,648	3,652	4,599
Cash flow from operations	-804,331	-287,704	1,056,060	427,191	-312,748	258,208	-94,036	434,529	78,826	106,753	277,120	-85,171	111,676	260,746
Investing Activities
capital expenditure	-10,210	-55,935	-94,337	-36,561	-31,625	-33,602	-6,087	-27,385	-44,540	-15,702	-9,714	-11,672	-19,043	-12,791
Change in Investments
cash flow from investments	-10,210	-55,935	-94,337	-36,561	-31,625	-33,602	-6,087	-27,385	-44,540	-15,702	-9,714	-11,672	-19,043	-12,791
Financing Activities
Bank loans
Group/Directors Accounts	119,047		-76,979	76,979	-193	193
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	-12,313	-3,655	15,968
share issue														100
interest	715	1,941	1,775	1,090	7,677	5,385	2,527	4,269	3,147	2,818	1,910	1,476	1,479	622
cash flow from financing	107,449	-1,714	-59,236	78,069	7,484	5,578	2,527	4,269	3,147	2,818	1,910	1,476	1,479	722
cash and cash equivalents
cash	-757,092	-1,245,353	902,487	468,699	-336,889	230,184	-97,596	411,413	37,433	93,869	269,316	-95,367	94,111	248,677
overdraft
change in cash	-757,092	-1,245,353	902,487	468,699	-336,889	230,184	-97,596	411,413	37,433	93,869	269,316	-95,367	94,111	248,677

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROEON SYSTEMS LIMITED group structure

Proeon Systems Limited has no subsidiary companies.

Ultimate parent company

RSK GROUP LIMITED

03761340

RSK ENVIRONMENT LIMITED

SC115530

2 parents

PROEON SYSTEMS LIMITED

05112628

PROEON SYSTEMS LIMITED Shareholders

rsk environment limited

100%

Proeon Systems Limited currently has 9 directors. The longest serving directors include Mr Richard Miller (Apr 2018) and Mr Thomas Rowe (Jul 2022).

officer	country	age	start	end	role
Mr Richard Miller	England	56 years	Apr 2018	-	Director
Mr Thomas Rowe	United Kingdom	57 years	Jul 2022	-	Director
Mr Alasdair Ryder	Scotland	63 years	Jul 2022	-	Director
Mr Gary Young	England	63 years	Jul 2022	-	Director
Ms Abigail Draper	United Kingdom	54 years	Jul 2022	-	Director
Mr Thomas Rowe	England	57 years	Jul 2022	-	Director
Mr Gary Young	Scotland	63 years	Jul 2022	-	Director
Mr Alasdair Ryder	Scotland	63 years	Jul 2022	-	Director
Ms Abigail Draper		54 years	Jul 2022	-	Director

P&L

March 2023

turnover

4.2m

-29%

operating profit

-41.9k

-105%

gross margin

67%

+91.84%

turnover

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

Balance Sheet

March 2023

net assets

2.1m

+0.08%

total assets

3.8m

+0.5%

cash

223.9k

-0.77%

net assets

Total assets minus all liabilities

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company number

05112628

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

April 2004

ultimate parent company

RSK GROUP LIMITED

previous names

N/A

address

spring lodge 172 chester road, helsby, cheshire, WA6 0AR

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 proeon systems limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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proeon systems limited Company Information

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proeon systems limited Estimated Valuation

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