marex prime services limited Company Information
Company Number
05622839
Next Accounts
Sep 2025
Industry
Security and commodity contracts brokerage
Shareholders
marex group plc
Group Structure
View All
Contact
Registered Address
155 bishopsgate, london, EC2M 3TQ
Website
www.cowen.commarex prime services limited Estimated Valuation
Pomanda estimates the enterprise value of MAREX PRIME SERVICES LIMITED at £64.5m based on a Turnover of £21m and 3.07x industry multiple (adjusted for size and gross margin).
marex prime services limited Estimated Valuation
Pomanda estimates the enterprise value of MAREX PRIME SERVICES LIMITED at £0 based on an EBITDA of £-162k and a 12.69x industry multiple (adjusted for size and gross margin).
marex prime services limited Estimated Valuation
Pomanda estimates the enterprise value of MAREX PRIME SERVICES LIMITED at £61.6m based on Net Assets of £37.2m and 1.66x industry multiple (adjusted for liquidity).
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Marex Prime Services Limited Overview
Marex Prime Services Limited is a live company located in london, EC2M 3TQ with a Companies House number of 05622839. It operates in the security and commodity contracts dealing activities sector, SIC Code 66120. Founded in November 2005, it's largest shareholder is marex group plc with a 100% stake. Marex Prime Services Limited is a established, large sized company, Pomanda has estimated its turnover at £21m with high growth in recent years.
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Marex Prime Services Limited Health Check
Pomanda's financial health check has awarded Marex Prime Services Limited a 3 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


5 Strong

1 Regular

5 Weak

Size
annual sales of £21m, make it larger than the average company (£10.4m)
£21m - Marex Prime Services Limited
£10.4m - Industry AVG

Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (4.7%)
23% - Marex Prime Services Limited
4.7% - Industry AVG

Production
with a gross margin of 140%, this company has a lower cost of product (43.1%)
140% - Marex Prime Services Limited
43.1% - Industry AVG

Profitability
an operating margin of -2.7% make it less profitable than the average company (7.8%)
-2.7% - Marex Prime Services Limited
7.8% - Industry AVG

Employees
with 146 employees, this is above the industry average (18)
146 - Marex Prime Services Limited
18 - Industry AVG

Pay Structure
on an average salary of £132.7k, the company has an equivalent pay structure (£123.4k)
£132.7k - Marex Prime Services Limited
£123.4k - Industry AVG

Efficiency
resulting in sales per employee of £144k, this is less efficient (£353.2k)
£144k - Marex Prime Services Limited
£353.2k - Industry AVG

Debtor Days
it gets paid by customers after 11717 days, this is later than average (40 days)
11717 days - Marex Prime Services Limited
40 days - Industry AVG

Creditor Days
its suppliers are paid after 16691 days, this is slower than average (73 days)
16691 days - Marex Prime Services Limited
73 days - Industry AVG

Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Marex Prime Services Limited
- - Industry AVG

Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (34 weeks)
3 weeks - Marex Prime Services Limited
34 weeks - Industry AVG

Debt Level
it has a ratio of liabilities to total assets of 95%, this is a higher level of debt than the average (68.8%)
95% - Marex Prime Services Limited
68.8% - Industry AVG
MAREX PRIME SERVICES LIMITED financials

Marex Prime Services Limited's latest turnover from December 2023 is £21 million and the company has net assets of £37.2 million. According to their latest financial statements, Marex Prime Services Limited has 146 employees and maintains cash reserves of £43.6 million 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 | 21,028,000 | 22,811,000 | 12,398,000 | 11,292,860 | 9,154,316 | 8,640,253 | 11,110,981 | 7,375,546 | 7,167,752 | 6,396,899 | 5,599,612 | 6,309,177 | 6,973,060 | 6,441,166 | 7,148,817 |
Other Income Or Grants | 23,226,000 | 21,695,000 | 22,184,000 | ||||||||||||
Cost Of Sales | 14,810,000 | 9,709,000 | 10,416,000 | ||||||||||||
Gross Profit | 29,444,000 | 34,797,000 | 24,166,000 | ||||||||||||
Admin Expenses | 30,023,000 | 30,378,000 | 22,617,000 | ||||||||||||
Operating Profit | -579,000 | 4,419,000 | 1,549,000 | -7,731,612 | -5,422,363 | -5,303,707 | 898,791 | -85,639 | 954,856 | 962,692 | 667,809 | 1,187,890 | 1,706,030 | 1,621,782 | 1,068,966 |
Interest Payable | 157,000 | 32,000 | 0 | 6,269,678 | 2,926,034 | 2,331,575 | 845,709 | 162 | 96 | 26 | 0 | 0 | 0 | 0 | 1,184 |
Interest Receivable | 1,017,000 | 49,000 | 37,000 | 12,727,190 | 7,279,837 | 9,168,223 | 2,659,086 | 15,660 | 3,548 | 869 | 4 | 807 | 201 | 430 | 431 |
Pre-Tax Profit | 281,000 | 4,436,000 | 1,586,000 | -1,274,100 | -1,598,959 | 2,314,010 | 1,968,381 | 957,279 | 1,077,639 | 963,535 | 667,813 | 1,188,697 | 1,706,231 | 1,622,212 | 1,068,213 |
Tax | 42,000 | -867,000 | -296,000 | 233,606 | 240,822 | -477,388 | -398,270 | -209,290 | -226,220 | -220,000 | -150,411 | -308,407 | -480,063 | -430,720 | -455,234 |
Profit After Tax | 323,000 | 3,569,000 | 1,290,000 | -1,040,494 | -1,358,137 | 1,836,622 | 1,570,111 | 747,989 | 851,419 | 743,535 | 517,402 | 880,290 | 1,226,168 | 1,191,492 | 612,979 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 678,125 | 554,829 | 863,069 | 1,356,251 | 1,006,913 | 626,752 | 2,959,092 |
Retained Profit | 323,000 | 3,569,000 | 1,290,000 | -1,040,494 | -1,358,137 | 1,836,622 | 1,570,111 | 747,989 | 173,294 | 188,706 | -345,667 | -475,961 | 219,255 | 564,740 | -2,346,113 |
Employee Costs | 19,367,000 | 19,139,000 | 16,829,000 | 14,845,868 | 10,464,246 | 9,860,077 | 7,287,621 | 5,231,861 | 4,660,821 | 4,125,942 | 3,288,952 | 3,176,964 | 3,418,630 | 3,409,605 | 3,625,283 |
Number Of Employees | 146 | 149 | 130 | 116 | 95 | 75 | 62 | 51 | 37 | 34 | 32 | 26 | 21 | 21 | 24 |
EBITDA* | -162,000 | 4,854,000 | 1,852,000 | -7,452,533 | -5,202,975 | -5,110,838 | 962,065 | -39,310 | 993,830 | 991,865 | 689,875 | 1,241,751 | 1,854,264 | 1,830,449 | 1,314,026 |
* 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 | 49,000 | 1,989,000 | 941,000 | 865,723 | 896,667 | 590,357 | 635,535 | 127,242 | 115,519 | 111,760 | 61,231 | 33,629 | 88,146 | 173,629 | 371,779 |
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 | 28,000 | 68,000 | 29,347 | 61,082 | 39,911 | 26,186 | 14,882 | 0 | 0 | 45,302 | 55,412 | 43,788 | 38,593 | 46,176 |
Total Fixed Assets | 49,000 | 2,017,000 | 1,009,000 | 895,070 | 957,749 | 630,268 | 661,721 | 142,124 | 115,519 | 111,760 | 106,533 | 89,041 | 131,934 | 212,222 | 417,955 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 675,051,000 | 779,647,000 | 947,473,000 | 975,431,535 | 256,018,058 | 378,754,910 | 242,145,190 | 390,444 | 244,347 | 184,329 | 0 | 0 | 0 | 0 | 0 |
Group Debtors | 0 | 1,760,000 | 758,000 | 3,464,781 | 3,073,673 | 413,312 | 261,251 | 0 | 86,757 | 852,519 | 35,308 | 0 | 72,925 | 548,737 | 637,049 |
Misc Debtors | 27,827,000 | 37,093,000 | 481,000 | 963,115 | 644,895 | 702,248 | 388,359 | 378,153 | 263,073 | 202,910 | 242,628 | 190,476 | 248,858 | 171,915 | 294,624 |
Cash | 43,570,000 | 46,014,000 | 42,721,000 | 15,769,039 | 7,731,630 | 7,069,380 | 3,784,747 | 8,092,177 | 3,142,334 | 2,136,619 | 3,828,073 | 4,487,756 | 4,897,788 | 4,354,231 | 3,615,633 |
misc current assets | 0 | 0 | 0 | 4,341,400 | 0 | 2,253,687 | 2,078,951 | 3,067,684 | 2,040,982 | 1,927,259 | 0 | 0 | 0 | 0 | 0 |
total current assets | 746,448,000 | 864,514,000 | 991,433,000 | 999,969,870 | 269,670,264 | 389,193,537 | 248,658,498 | 11,928,458 | 5,777,493 | 5,303,636 | 4,106,009 | 4,678,232 | 5,219,571 | 5,074,883 | 4,547,306 |
total assets | 746,497,000 | 866,531,000 | 992,442,000 | 1,000,864,940 | 270,628,013 | 389,823,805 | 249,320,219 | 12,070,582 | 5,893,012 | 5,415,396 | 4,212,542 | 4,767,273 | 5,351,505 | 5,287,105 | 4,965,261 |
Bank overdraft | 0 | 0 | 0 | 0 | 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 | 677,265,000 | 784,036,000 | 944,412,000 | 972,495,047 | 251,613,219 | 371,760,904 | 235,118,625 | 0 | 4,768 | 0 | 0 | 0 | 0 | 3,276 | 4,360 |
Group/Directors Accounts | 0 | 169,000 | 348,000 | 225,688 | 419,367 | 765,620 | 162,743 | 619,947 | 3,347 | 9,045 | 0 | 100,555 | 230,683 | 0 | 192,693 |
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 | 32,047,000 | 45,452,000 | 4,994,000 | 4,606,310 | 3,492,790 | 3,917,356 | 2,702,866 | 1,888,471 | 1,933,878 | 1,714,852 | 750,148 | 927,198 | 945,117 | 1,370,313 | 1,425,064 |
total current liabilities | 709,312,000 | 829,657,000 | 949,754,000 | 977,327,045 | 255,525,376 | 376,443,880 | 237,984,234 | 2,508,418 | 1,941,993 | 1,723,897 | 750,148 | 1,027,753 | 1,175,800 | 1,373,589 | 1,622,117 |
loans | 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 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,825 | 0 | 0 | 20,234 | 40,467 |
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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21,825 | 0 | 0 | 20,234 | 40,467 |
total liabilities | 709,312,000 | 829,657,000 | 949,754,000 | 977,327,045 | 255,525,376 | 376,443,880 | 237,984,234 | 2,508,418 | 1,941,993 | 1,723,897 | 771,973 | 1,027,753 | 1,175,800 | 1,393,823 | 1,662,584 |
net assets | 37,185,000 | 36,874,000 | 42,688,000 | 23,537,895 | 15,102,637 | 13,379,925 | 11,335,985 | 9,562,164 | 3,951,019 | 3,691,499 | 3,440,569 | 3,739,520 | 4,175,705 | 3,893,282 | 3,302,677 |
total shareholders funds | 37,185,000 | 36,874,000 | 42,688,000 | 23,537,895 | 15,102,637 | 13,379,925 | 11,335,985 | 9,562,164 | 3,951,019 | 3,691,499 | 3,440,569 | 3,739,520 | 4,175,705 | 3,893,282 | 3,302,677 |
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 | -579,000 | 4,419,000 | 1,549,000 | -7,731,612 | -5,422,363 | -5,303,707 | 898,791 | -85,639 | 954,856 | 962,692 | 667,809 | 1,187,890 | 1,706,030 | 1,621,782 | 1,068,966 |
Depreciation | 417,000 | 435,000 | 303,000 | 279,079 | 219,388 | 192,869 | 63,274 | 46,329 | 38,974 | 29,173 | 22,066 | 53,861 | 148,234 | 208,667 | 245,060 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 42,000 | -867,000 | -296,000 | 233,606 | 240,822 | -477,388 | -398,270 | -209,290 | -226,220 | -220,000 | -150,411 | -308,407 | -480,063 | -430,720 | -455,234 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -115,650,000 | -130,252,000 | -31,108,778 | 720,091,070 | -120,112,673 | 137,089,395 | 242,037,507 | 189,302 | -645,581 | 916,520 | 77,350 | -119,683 | -393,674 | -218,604 | 977,849 |
Creditors | -106,771,000 | -160,376,000 | -28,083,047 | 720,881,828 | -120,147,685 | 136,642,279 | 235,118,625 | -4,768 | 4,768 | 0 | 0 | 0 | -3,276 | -1,084 | 4,360 |
Accruals and Deferred Income | -13,405,000 | 40,458,000 | 387,690 | 1,113,520 | -424,566 | 1,214,490 | 814,395 | -45,407 | 219,026 | 942,879 | -155,225 | -17,919 | -445,430 | -74,984 | 1,465,531 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -4,646,000 | 14,321,000 | 4,969,421 | -5,314,649 | -5,421,731 | -4,820,852 | -5,540,692 | -488,077 | 1,636,985 | 798,224 | 306,889 | 1,035,108 | 1,319,169 | 1,542,265 | 1,350,834 |
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | -169,000 | -179,000 | 122,312 | -193,679 | -346,253 | 602,877 | -457,204 | 616,600 | -5,698 | 9,045 | -100,555 | -130,128 | 230,683 | -192,693 | 192,693 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 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 | |||||||||||||||
interest | 860,000 | 17,000 | 37,000 | 6,457,512 | 4,353,803 | 6,836,648 | 1,813,377 | 15,498 | 3,452 | 843 | 4 | 807 | 201 | 430 | -753 |
cash flow from financing | 679,000 | -9,545,000 | 18,019,417 | 15,739,585 | 7,088,399 | 7,646,843 | 1,559,883 | 5,495,254 | 83,980 | 72,112 | -53,835 | -89,545 | 294,052 | -166,398 | 5,840,730 |
cash and cash equivalents | |||||||||||||||
cash | -2,444,000 | 3,293,000 | 26,951,961 | 8,037,409 | 662,250 | 3,284,633 | -4,307,430 | 4,949,843 | 1,005,715 | -1,691,454 | -659,683 | -410,032 | 543,557 | 738,598 | 3,615,633 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -2,444,000 | 3,293,000 | 26,951,961 | 8,037,409 | 662,250 | 3,284,633 | -4,307,430 | 4,949,843 | 1,005,715 | -1,691,454 | -659,683 | -410,032 | 543,557 | 738,598 | 3,615,633 |
marex prime services limited Credit Report and Business Information
Marex Prime Services Limited Competitor Analysis

Perform a competitor analysis for marex prime services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2M area or any other competitors across 12 key performance metrics.
marex prime services limited Ownership
MAREX PRIME SERVICES LIMITED group structure
Marex Prime Services Limited has no subsidiary companies.
Ultimate parent company
AMPHITRYON LTD
#0100668
2 parents
MAREX PRIME SERVICES LIMITED
05622839
marex prime services limited directors
Marex Prime Services Limited currently has 3 directors. The longest serving directors include Mr Crispin Irvin (Dec 2023) and Mr Michael Rosen (Dec 2023).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Crispin Irvin | United Kingdom | 46 years | Dec 2023 | - | Director |
Mr Michael Rosen | England | 61 years | Dec 2023 | - | Director |
Mr Paolo Tonucci | United Kingdom | 56 years | Dec 2023 | - | Director |
P&L
December 2023turnover
21m
-8%
operating profit
-579k
-113%
gross margin
140.1%
-8.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
37.2m
+0.01%
total assets
746.5m
-0.14%
cash
43.6m
-0.05%
net assets
Total assets minus all liabilities
marex prime services limited company details
company number
05622839
Type
Private limited with Share Capital
industry
66120 - Security and commodity contracts brokerage
incorporation date
November 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
cowen international limited (December 2023)
sg cowen europe limited (February 2006)
accountant
-
auditor
ERNST & YOUNG LLP
address
155 bishopsgate, london, EC2M 3TQ
Bank
HSBC BANK PLC
Legal Advisor
NORTON ROSE FULLBRIGHT LLP
marex prime services 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 did not find charges/mortgages relating to marex prime services limited.
marex prime services limited Capital Raised & Share Issues BETA
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marex prime services limited Companies House Filings - See Documents
date | description | view/download |
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