Proceed Engineering Solutions Limited

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proceed engineering solutions limited Company Information

Company Number

05167516

Next Accounts

Sep 2025

Directors

Nicholas Parkin

Robert Reuben

Shareholders

proceed holdings ltd

Group Structure

View All

Industry

Other information technology and computer service activities

Registered Address

14 david mews, london, W1U 6EQ

Website

www.proceedgroup.com

proceed engineering solutions limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of PROCEED ENGINEERING SOLUTIONS LIMITED at £2.5m based on Net Assets of £1.1m and 2.25x industry multiple (adjusted for liquidity).

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Proceed Engineering Solutions Limited is a live company located in london, W1U 6EQ with a Companies House number of 05167516. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 2004, it's largest shareholder is proceed holdings ltd with a 100% stake. Proceed Engineering Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Proceed Engineering Solutions Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £2.8m, make it smaller than the average company (£7.3m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (8%)

EXPORT

Proceed Engineering Solutions Limited's latest turnover from December 2023 is estimated at £2.8 million and the company has net assets of £1.1 million. According to their latest financial statements, Proceed Engineering Solutions Limited has 24 employees and maintains cash reserves of £11.2 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	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,842,578	2,588,674	1,850,724	1,206,096	477,008	311,113	367,995	195,121	133,295	288,043	846,920	1,721,640	839,284	482,562
Other Income Or Grants
Cost Of Sales	1,379,529	1,236,233	876,023	576,328	228,891	146,532	172,501	99,304	-1,904	135,761	397,144	821,432	400,660	222,985
Gross Profit	1,463,049	1,352,441	974,701	629,768	248,117	164,581	195,495	95,817	135,199	152,282	449,776	900,208	438,624	259,577
Admin Expenses	1,353,714	1,479,086	711,156	-245,469	105,524	88,426	137,325	80,577	114,856	58,240	298,139	956,055	576,059	307,382	-23,476
Operating Profit	109,335	-126,645	263,545	875,237	142,593	76,155	58,170	15,240	20,343	94,042	151,637	-55,847	-137,435	-47,805	23,476
Interest Payable	3,025	3,361	2,638	1,373				43
Interest Receivable	1,145	1,626	158	117	1,150	1,785	872			483	352	68	52	10	9
Pre-Tax Profit	107,455	-128,379	261,065	873,981	143,743	77,941	59,042	15,197	20,343	94,525	151,990	-55,779	-137,383	-47,795	23,485
Tax	-26,864		-49,602	-166,056	-27,311	-14,809	-11,218			-19,850	-34,958				-6,576
Profit After Tax	80,591	-128,379	211,463	707,925	116,432	63,132	47,824	15,197	20,343	74,675	117,032	-55,779	-137,383	-47,795	16,909
Dividends Paid
Retained Profit	80,591	-128,379	211,463	707,925	116,432	63,132	47,824	15,197	20,343	74,675	117,032	-55,779	-137,383	-47,795	16,909
Employee Costs	1,781,838	1,550,150	1,211,579	505,739	184,477	180,375	57,372	55,417	55,003	109,337	321,175	630,174	311,958	199,693
Number Of Employees	24	22	18	8	3	3	1	1	1	2	6	12	6	4
EBITDA*	319,440	124,460	448,550	1,011,239	218,114	76,155	58,170	15,240	20,343	94,042	151,637	-38,092	-103,281	-13,651	57,630

* 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													13,455	26,910	40,365
Intangible Assets	1,135,520	1,345,625	1,345,730	1,040,704	679,695								4,300	24,999	45,698
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	1,135,520	1,345,625	1,345,730	1,040,704	679,695								17,755	51,909	86,063
Stock & work in progress
Trade Debtors	365,215	359,523	208,423	212,007		33,880	82,243	38,222	11,320	12,220	78,525	222,705	84,685	50,771	99,466
Group Debtors	100	100	100	100	100	130,717	74,217	113,929	100
Misc Debtors	84,709	31,644	48,300	18,000
Cash	11,157	32,462	60,461	65,765	167,599	139,152	336,956	11,822	47,738	59,215	134,004	6,875	20,217	480	3,425
misc current assets			68,333	68,333	68,333	68,333	102,500	119,000	119,000	119,000	119,000	119,000	119,000	119,000	119,000
total current assets	461,181	423,729	385,617	364,205	236,032	372,082	595,916	282,973	178,158	190,435	331,529	348,580	223,902	170,251	221,891
total assets	1,596,701	1,769,354	1,731,347	1,404,909	915,727	372,082	595,916	282,973	178,158	190,435	331,529	348,580	241,657	222,160	307,954
Bank overdraft
Bank loan
Trade Creditors	165,098	157,461	233,732	117,688			78,983	34,969	34,827	222,676	438,445	572,528	409,826	239,486	280,754
Group/Directors Accounts	246,502	192,240	160,351	199,286	531,815	78,553	272,153	116,843	112,242					13,460	10,191
other short term finances
hp & lease commitments
other current liabilities	67,352	373,593	154,754	111,298	160,200	186,249	200,632	134,837	46,946
total current liabilities	478,952	723,294	548,837	428,272	692,015	264,802	551,768	286,649	194,015	222,676	438,445	572,528	409,826	252,946	290,945
loans	22,437	31,339	39,410	45,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	22,437	31,339	39,410	45,000
total liabilities	501,389	754,633	588,247	473,272	692,015	264,802	551,768	286,649	194,015	222,676	438,445	572,528	409,826	252,946	290,945
net assets	1,095,312	1,014,721	1,143,100	931,637	223,712	107,280	44,148	-3,676	-15,857	-32,241	-106,916	-223,948	-168,169	-30,786	17,009
total shareholders funds	1,095,312	1,014,721	1,143,100	931,637	223,712	107,280	44,148	-3,676	-15,857	-32,241	-106,916	-223,948	-168,169	-30,786	17,009

	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	109,335	-126,645	263,545	875,237	142,593	76,155	58,170	15,240	20,343	94,042	151,637	-55,847	-137,435	-47,805	23,476
Depreciation												13,455	13,455	13,455	13,455
Amortisation	210,105	251,105	185,005	136,002	75,521							4,300	20,699	20,699	20,699
Tax	-26,864		-49,602	-166,056	-27,311	-14,809	-11,218			-19,850	-34,958				-6,576
Stock
Debtors	58,757	134,444	26,716	230,007	-164,497	8,137	4,309	140,731	-800	-66,305	-144,180	138,020	33,914	-48,695	99,466
Creditors	7,637	-76,271	116,044	117,688		-78,983	44,014	142	-187,849	-215,769	-134,083	162,702	170,340	-41,268	280,754
Accruals and Deferred Income	-306,241	218,839	43,456	-48,902	-26,049	-14,383	65,795	87,891	46,946
Deferred Taxes & Provisions
Cash flow from operations	-64,785	132,584	531,732	683,962	329,251	-40,157	152,452	-37,458	-119,760	-75,272	126,776	-13,410	33,145	-6,224	232,342
Investing Activities
capital expenditure		-251,000	-490,031	-497,011	-755,216										-120,217
Change in Investments
cash flow from investments		-251,000	-490,031	-497,011	-755,216										-120,217
Financing Activities
Bank loans
Group/Directors Accounts	54,262	31,889	-38,935	-332,529	453,262	-193,600	155,310	4,601	112,242				-13,460	3,269	10,191
Other Short Term Loans
Long term loans	-8,902	-8,071	-5,590	45,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue								-3,016	-3,959						100
interest	-1,880	-1,735	-2,480	-1,256	1,150	1,785	872	-43		483	352	68	52	10	9
cash flow from financing	43,480	22,083	-47,005	-288,785	454,412	-191,815	156,182	1,542	108,283	483	352	68	-13,408	3,279	10,300
cash and cash equivalents
cash	-21,305	-27,999	-5,304	-101,834	28,447	-197,804	325,134	-35,916	-11,477	-74,789	127,129	-13,342	19,737	-2,945	3,425
overdraft
change in cash	-21,305	-27,999	-5,304	-101,834	28,447	-197,804	325,134	-35,916	-11,477	-74,789	127,129	-13,342	19,737	-2,945	3,425

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROCEED ENGINEERING SOLUTIONS LIMITED group structure

Proceed Engineering Solutions Limited has no subsidiary companies.

Ultimate parent company

PROCEED HOLDINGS LIMITED

04480342

1 parent

PROCEED ENGINEERING SOLUTIONS LIMITED

05167516

PROCEED ENGINEERING SOLUTIONS LIMITED Shareholders

proceed holdings ltd

100%

Proceed Engineering Solutions Limited currently has 2 directors. The longest serving directors include Mr Nicholas Parkin (Oct 2007) and Mr Robert Reuben (Feb 2023).

officer	country	age	start	end	role
Mr Nicholas Parkin	England	67 years	Oct 2007	-	Director
Mr Robert Reuben	England	58 years	Feb 2023	-	Director

P&L

December 2023

turnover

2.8m

+10%

operating profit

109.3k

gross margin

51.5%

-1.48%

turnover

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

Balance Sheet

December 2023

net assets

1.1m

+0.08%

total assets

1.6m

-0.1%

cash

11.2k

-0.66%

net assets

Total assets minus all liabilities

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company number

05167516

Type

Private limited with Share Capital

industry

62090 - Other information technology and computer service activities

incorporation date

June 2004

ultimate parent company

PROCEED HOLDINGS LIMITED

previous names

N/A

address

14 david mews, london, W1U 6EQ

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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proceed engineering solutions limited Company Information

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