Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Registered Address
179 kyverdale road, london, N16 6PS
Website
-
primebay ltdEstimated Valuation
£881.4k
Pomanda estimates the enterprise value of PRIMEBAY LTD at £881.4k based on a Turnover of £365.9k and 2.41x industry multiple (adjusted for size and gross margin).
primebay ltdEstimated Valuation
£161.3k
Pomanda estimates the enterprise value of PRIMEBAY LTD at £161.3k based on an EBITDA of £34.4k and a 4.69x industry multiple (adjusted for size and gross margin).
primebay ltdEstimated Valuation
£1.8m
Pomanda estimates the enterprise value of PRIMEBAY LTD at £1.8m based on Net Assets of £1.1m and 1.68x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Primebay LtdOverview
Primebay Ltd is a live company located in london, N16 6PS with a Companies House number of 05509067. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in July 2005, it's largest shareholder is
wallenberg ventures inc
with a 100% stake. Primebay Ltd is a mature,
micro sized company, Pomanda has estimated its turnover at
£365.9k with
declining
growth in recent years.
Pomanda's financial health check has awarded Primebay Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
2 Strong
2 Regular
6 Weak
Size
annual sales of £365.9k, make it smaller than the average company (£922k)
£365.9k - Primebay Ltd
£922k - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a slower rate (4.9%)
0% - Primebay Ltd
4.9% - Industry AVG
Production
with a gross margin of 34.8%, this company has a higher cost of product (75.3%)
34.8% - Primebay Ltd
75.3% - Industry AVG
Profitability
an operating margin of 9.4% make it less profitable than the average company (29.3%)
9.4% - Primebay Ltd
29.3% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Primebay Ltd
4 - Industry AVG
Pay Structure
on an average salary of £32.3k, the company has an equivalent pay structure (£32.3k)
£32.3k - Primebay Ltd
£32.3k - Industry AVG
Efficiency
resulting in sales per employee of £365.9k, this is more efficient (£177k)
£365.9k - Primebay Ltd
£177k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (30 days)
81 days - Primebay Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 237 days, this is slower than average (38 days)
237 days - Primebay Ltd
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Primebay Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Primebay Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 59.2%, this is a similar level of debt than the average (64.6%)
59.2% - Primebay Ltd
64.6% - Industry AVG
PRIMEBAY LTD financials
EXPORT
Primebay Ltd's latest turnover from March 2024 is estimated at £365.9 thousand and the company has net assets of £1.1 million. According to their latest financial statements, we estimate that Primebay Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
365,944
226,715
1,336,413
370,673
242,890
397,972
204,719
Other Income Or Grants
Cost Of Sales
238,773
150,990
899,131
244,298
162,382
268,225
135,885
Gross Profit
127,171
75,724
437,281
126,375
80,508
129,746
68,834
Admin Expenses
92,784
75,965
407,781
56,087
823
69,807
-48,536
-897,121
-89,162
-51,760
-41,376
-35,787
-24,530
-18,741
19,674
Operating Profit
34,387
-241
29,500
70,288
79,685
59,939
117,370
897,121
89,162
51,760
41,376
35,787
24,530
18,741
-19,674
Interest Payable
29,391
44,353
34,290
23,671
12,649
13,438
12,468
9,674
4,111
Interest Receivable
142
111
16
377
367
11
7
5
144
141
Pre-Tax Profit
34,387
-241
29,500
70,288
79,685
60,080
88,090
852,785
55,249
28,456
28,738
22,357
12,068
9,211
-23,644
Tax
-8,597
-5,605
-13,355
-15,140
-11,415
-16,737
-170,557
-11,050
-5,976
-6,610
-5,366
-3,138
-2,579
Profit After Tax
25,790
-241
23,895
56,933
64,545
48,665
71,353
682,228
44,199
22,480
22,128
16,991
8,930
6,632
-23,644
Dividends Paid
Retained Profit
25,790
-241
23,895
56,933
64,545
48,665
71,353
682,228
44,199
22,480
22,128
16,991
8,930
6,632
-23,644
Employee Costs
32,322
30,373
118,772
53,771
27,394
54,115
26,092
Number Of Employees
1
1
4
2
1
2
1
EBITDA*
34,387
-241
29,500
70,288
79,685
60,610
118,265
898,314
89,162
52,612
41,776
36,187
25,020
19,246
-19,474
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
2,524,157
2,524,316
2,196,956
2,197,241
2,197,618
2,027,013
2,027,684
1,863,580
766,088
619,453
389,905
390,077
389,031
278,377
141,364
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
2,524,157
2,524,316
2,196,956
2,197,241
2,197,618
2,027,013
2,027,684
1,863,580
766,088
619,453
389,905
390,077
389,031
278,377
141,364
Stock & work in progress
Trade Debtors
81,215
52,184
385,363
91,627
45,960
85,888
41,245
Group Debtors
7,000
Misc Debtors
16,078
19,017
21,956
116,669
21,587
23,880
4,537
4,438
33,416
2,898
1,213
Cash
37,749
6,576
6,559
144,160
2,474
1,961
965
1,191
56,511
misc current assets
total current assets
97,293
71,201
407,319
91,627
45,960
85,888
78,994
123,245
28,146
168,040
7,011
6,399
34,381
4,089
64,724
total assets
2,621,450
2,595,517
2,604,275
2,288,868
2,243,578
2,112,901
2,106,678
1,986,825
794,234
787,493
396,916
396,476
423,412
282,466
206,088
Bank overdraft
Bank loan
40,000
28,000
25,800
14,500
10,630
11,500
5,500
Trade Creditors
155,453
149,373
158,824
189,819
196,978
180,391
201,528
Group/Directors Accounts
131,098
151,169
158,369
148,170
149,661
149,961
111,931
83,931
other short term finances
hp & lease commitments
other current liabilities
29,551
30,296
35,394
29,387
36,820
68,954
16,290
19,200
total current liabilities
155,453
149,373
158,824
189,819
196,978
180,391
201,528
200,649
209,465
219,563
192,057
197,111
230,415
133,721
103,131
loans
864,332
486,953
514,313
173,722
190,356
200,979
165,657
126,501
hp & lease commitments
Accruals and Deferred Income
6,950
6,739
3,777
1,000
1,000
other liabilities
1,258,447
1,264,595
1,266,624
946,894
951,378
896,007
918,347
provisions
129,716
129,716
129,715
129,715
129,715
136,541
135,406
141,800
total long term liabilities
1,395,113
1,401,050
1,400,116
1,077,609
1,082,093
1,032,548
1,053,753
1,006,132
486,953
514,313
173,722
190,356
200,979
165,657
126,501
total liabilities
1,550,566
1,550,423
1,558,940
1,267,428
1,279,071
1,212,939
1,255,281
1,206,781
696,418
733,876
365,779
387,467
431,394
299,378
229,632
net assets
1,070,884
1,045,094
1,045,335
1,021,440
964,507
899,962
851,397
780,044
97,816
53,617
31,137
9,009
-7,982
-16,912
-23,544
total shareholders funds
1,070,884
1,045,094
1,045,335
1,021,440
964,507
899,962
851,397
780,044
97,816
53,617
31,137
9,009
-7,982
-16,912
-23,544
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
34,387
-241
29,500
70,288
79,685
59,939
117,370
897,121
89,162
51,760
41,376
35,787
24,530
18,741
-19,674
Depreciation
671
895
1,193
852
400
400
490
505
200
Amortisation
Tax
-8,597
-5,605
-13,355
-15,140
-11,415
-16,737
-170,557
-11,050
-5,976
-6,610
-5,366
-3,138
-2,579
Stock
Debtors
26,092
-336,118
315,692
45,667
-39,928
44,643
-75,424
95,082
-2,293
19,343
99
-28,978
30,518
-5,315
8,213
Creditors
6,080
-9,451
-30,995
-7,159
16,587
-21,137
201,528
Accruals and Deferred Income
211
2,962
2,777
1,000
-29,551
-745
-5,098
6,007
-7,433
-32,134
52,664
-2,910
19,200
Deferred Taxes & Provisions
1
-6,826
1,135
-6,394
141,800
Cash flow from operations
5,989
329,389
-320,015
4,107
115,234
-15,450
342,535
773,730
75,307
33,300
27,634
27,665
44,028
19,072
-8,487
Investing Activities
capital expenditure
159
-327,360
285
377
-170,605
-164,999
-1,098,685
-146,635
-230,400
-228
-1,446
-111,144
-137,518
-141,564
Change in Investments
cash flow from investments
159
-327,360
285
377
-170,605
-164,999
-1,098,685
-146,635
-230,400
-228
-1,446
-111,144
-137,518
-141,564
Financing Activities
Bank loans
-40,000
12,000
2,200
11,300
3,870
-870
6,000
5,500
Group/Directors Accounts
-131,098
-20,071
-7,200
10,199
-1,491
-300
38,030
28,000
83,931
Other Short Term Loans
Long term loans
-864,332
377,379
-27,360
340,591
-16,634
-10,623
35,322
39,156
126,501
Hire Purchase and Lease Commitments
other long term liabilities
-6,148
-2,029
319,730
-4,484
55,371
-22,340
918,347
share issue
-100
100
interest
142
-29,280
-44,337
-33,913
-23,304
-12,638
-13,431
-12,463
-9,530
-3,970
cash flow from financing
-6,148
-2,029
319,730
-4,484
55,371
-22,298
-146,363
324,971
-66,273
338,786
-26,893
-25,224
66,889
63,126
206,562
cash and cash equivalents
cash
-37,749
31,173
17
-137,601
141,686
513
996
-226
-55,320
56,511
overdraft
change in cash
-37,749
31,173
17
-137,601
141,686
513
996
-226
-55,320
56,511
primebay ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for primebay ltd. Get real-time insights into primebay ltd's credit score, group structure and payment trends.
Perform a competitor analysis for primebay ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in N16 area or any other competitors across 12 key performance metrics.
primebay ltd Ownership
PRIMEBAY LTD group structure
Primebay Ltd has no subsidiary companies.
Ultimate parent company
WALLENBERG VENTURES INC
#0130167
1 parent
PRIMEBAY LTD
05509067
PRIMEBAY LTD Shareholders
The sole shareholder of Primebay Ltd is Wallenberg Ventures Inc.
wallenberg ventures inc
100%
primebay ltd directors
Primebay Ltd currently has 1 director, Mr Joseph Eichler serving since Sep 2005.
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
incorporation date
July 2005
age
20
incorporated
UK
ultimate parent company
WALLENBERG VENTURES INC
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
179 kyverdale road, london, N16 6PS
Bank
-
Legal Advisor
-
primebay 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 found 17 charges/mortgages relating to primebay ltd. Currently there are 13 open charges and 4 have been satisfied in the past.
primebay 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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primebay ltdCompanies House Filings - See Documents
