marex prime services limited

marex prime services limited Company Information

Share MAREX PRIME SERVICES LIMITED
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EstablishedLargeHigh

Company Number

05622839

Industry

Security and commodity contracts brokerage

 

Shareholders

marex group plc

Group Structure

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Contact

Registered Address

155 bishopsgate, london, EC2M 3TQ

marex prime services limited Estimated Valuation

£64.5m

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

£0

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

£61.6m

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

Health Check Image
Health Rating3out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £21m, make it larger than the average company (£10.4m)

£21m - Marex Prime Services Limited

£10.4m - Industry AVG

growth

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

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

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

Employees

with 146 employees, this is above the industry average (18)

146 - Marex Prime Services Limited

18 - Industry AVG

paystructure

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

Efficiency

resulting in sales per employee of £144k, this is less efficient (£353.2k)

£144k - Marex Prime Services Limited

£353.2k - Industry AVG

debtordays

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

creditordays

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

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Marex Prime Services Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover21,028,00022,811,00012,398,00011,292,8609,154,3168,640,25311,110,9817,375,5467,167,7526,396,8995,599,6126,309,1776,973,0606,441,1667,148,817
Other Income Or Grants23,226,00021,695,00022,184,000000000000000
Cost Of Sales14,810,0009,709,00010,416,0007,245,8855,798,0105,521,6937,179,9003,681,5331,590,5781,929,7031,891,9512,254,0732,496,3402,176,0690
Gross Profit29,444,00034,797,00024,166,0004,046,9753,356,3063,118,5603,931,0813,694,0135,577,1744,467,1963,707,6614,055,1044,476,7204,265,0970
Admin Expenses30,023,00030,378,00022,617,00011,778,5878,778,6698,422,2673,032,2903,779,6524,622,3183,504,5043,039,8522,867,2142,770,6902,643,315-1,068,966
Operating Profit-579,0004,419,0001,549,000-7,731,612-5,422,363-5,303,707898,791-85,639954,856962,692667,8091,187,8901,706,0301,621,7821,068,966
Interest Payable157,00032,00006,269,6782,926,0342,331,575845,709162962600001,184
Interest Receivable1,017,00049,00037,00012,727,1907,279,8379,168,2232,659,08615,6603,5488694807201430431
Pre-Tax Profit281,0004,436,0001,586,000-1,274,100-1,598,9592,314,0101,968,381957,2791,077,639963,535667,8131,188,6971,706,2311,622,2121,068,213
Tax42,000-867,000-296,000233,606240,822-477,388-398,270-209,290-226,220-220,000-150,411-308,407-480,063-430,720-455,234
Profit After Tax323,0003,569,0001,290,000-1,040,494-1,358,1371,836,6221,570,111747,989851,419743,535517,402880,2901,226,1681,191,492612,979
Dividends Paid00000000678,125554,829863,0691,356,2511,006,913626,7522,959,092
Retained Profit323,0003,569,0001,290,000-1,040,494-1,358,1371,836,6221,570,111747,989173,294188,706-345,667-475,961219,255564,740-2,346,113
Employee Costs19,367,00019,139,00016,829,00014,845,86810,464,2469,860,0777,287,6215,231,8614,660,8214,125,9423,288,9523,176,9643,418,6303,409,6053,625,283
Number Of Employees1461491301169575625137343226212124
EBITDA*-162,0004,854,0001,852,000-7,452,533-5,202,975-5,110,838962,065-39,310993,830991,865689,8751,241,7511,854,2641,830,4491,314,026

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets49,0001,989,000941,000865,723896,667590,357635,535127,242115,519111,76061,23133,62988,146173,629371,779
Intangible Assets000000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)028,00068,00029,34761,08239,91126,18614,8820045,30255,41243,78838,59346,176
Total Fixed Assets49,0002,017,0001,009,000895,070957,749630,268661,721142,124115,519111,760106,53389,041131,934212,222417,955
Stock & work in progress000000000000000
Trade Debtors675,051,000779,647,000947,473,000975,431,535256,018,058378,754,910242,145,190390,444244,347184,32900000
Group Debtors01,760,000758,0003,464,7813,073,673413,312261,251086,757852,51935,308072,925548,737637,049
Misc Debtors27,827,00037,093,000481,000963,115644,895702,248388,359378,153263,073202,910242,628190,476248,858171,915294,624
Cash43,570,00046,014,00042,721,00015,769,0397,731,6307,069,3803,784,7478,092,1773,142,3342,136,6193,828,0734,487,7564,897,7884,354,2313,615,633
misc current assets0004,341,40002,253,6872,078,9513,067,6842,040,9821,927,25900000
total current assets746,448,000864,514,000991,433,000999,969,870269,670,264389,193,537248,658,49811,928,4585,777,4935,303,6364,106,0094,678,2325,219,5715,074,8834,547,306
total assets746,497,000866,531,000992,442,0001,000,864,940270,628,013389,823,805249,320,21912,070,5825,893,0125,415,3964,212,5424,767,2735,351,5055,287,1054,965,261
Bank overdraft000000000000000
Bank loan000000000000000
Trade Creditors 677,265,000784,036,000944,412,000972,495,047251,613,219371,760,904235,118,62504,76800003,2764,360
Group/Directors Accounts0169,000348,000225,688419,367765,620162,743619,9473,3479,0450100,555230,6830192,693
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities32,047,00045,452,0004,994,0004,606,3103,492,7903,917,3562,702,8661,888,4711,933,8781,714,852750,148927,198945,1171,370,3131,425,064
total current liabilities709,312,000829,657,000949,754,000977,327,045255,525,376376,443,880237,984,2342,508,4181,941,9931,723,897750,1481,027,7531,175,8001,373,5891,622,117
loans000000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000021,8250020,23440,467
other liabilities000000000000000
provisions000000000000000
total long term liabilities000000000021,8250020,23440,467
total liabilities709,312,000829,657,000949,754,000977,327,045255,525,376376,443,880237,984,2342,508,4181,941,9931,723,897771,9731,027,7531,175,8001,393,8231,662,584
net assets37,185,00036,874,00042,688,00023,537,89515,102,63713,379,92511,335,9859,562,1643,951,0193,691,4993,440,5693,739,5204,175,7053,893,2823,302,677
total shareholders funds37,185,00036,874,00042,688,00023,537,89515,102,63713,379,92511,335,9859,562,1643,951,0193,691,4993,440,5693,739,5204,175,7053,893,2823,302,677
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-579,0004,419,0001,549,000-7,731,612-5,422,363-5,303,707898,791-85,639954,856962,692667,8091,187,8901,706,0301,621,7821,068,966
Depreciation417,000435,000303,000279,079219,388192,86963,27446,32938,97429,17322,06653,861148,234208,667245,060
Amortisation000000000000000
Tax42,000-867,000-296,000233,606240,822-477,388-398,270-209,290-226,220-220,000-150,411-308,407-480,063-430,720-455,234
Stock000000000000000
Debtors-115,650,000-130,252,000-31,108,778720,091,070-120,112,673137,089,395242,037,507189,302-645,581916,52077,350-119,683-393,674-218,604977,849
Creditors-106,771,000-160,376,000-28,083,047720,881,828-120,147,685136,642,279235,118,625-4,7684,768000-3,276-1,0844,360
Accruals and Deferred Income-13,405,00040,458,000387,6901,113,520-424,5661,214,490814,395-45,407219,026942,879-155,225-17,919-445,430-74,9841,465,531
Deferred Taxes & Provisions000000000000000
Cash flow from operations-4,646,00014,321,0004,969,421-5,314,649-5,421,731-4,820,852-5,540,692-488,0771,636,985798,224306,8891,035,1081,319,1691,542,2651,350,834
Investing Activities
capital expenditure1,523,000-1,483,000-378,277-248,135-525,698-147,691-571,567-58,052-42,733-79,702-49,668656-62,751-10,517-616,839
Change in Investments000000000000000
cash flow from investments1,523,000-1,483,000-378,277-248,135-525,698-147,691-571,567-58,052-42,733-79,702-49,668656-62,751-10,517-616,839
Financing Activities
Bank loans000000000000000
Group/Directors Accounts-169,000-179,000122,312-193,679-346,253602,877-457,204616,600-5,6989,045-100,555-130,128230,683-192,693192,693
Other Short Term Loans 000000000000000
Long term loans000000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue-12,000-9,383,00017,860,1059,475,7523,080,849207,318203,7104,863,15686,22662,22446,71639,77663,16825,8655,648,790
interest860,00017,00037,0006,457,5124,353,8036,836,6481,813,37715,4983,4528434807201430-753
cash flow from financing679,000-9,545,00018,019,41715,739,5857,088,3997,646,8431,559,8835,495,25483,98072,112-53,835-89,545294,052-166,3985,840,730
cash and cash equivalents
cash-2,444,0003,293,00026,951,9618,037,409662,2503,284,633-4,307,4304,949,8431,005,715-1,691,454-659,683-410,032543,557738,5983,615,633
overdraft000000000000000
change in cash-2,444,0003,293,00026,951,9618,037,409662,2503,284,633-4,307,4304,949,8431,005,715-1,691,454-659,683-410,032543,557738,5983,615,633

marex prime services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Marex Prime Services Limited Competitor Analysis

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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 Shareholders

marex group plc 100%

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).

officercountryagestartendrole
Mr Crispin IrvinUnited Kingdom46 years Dec 2023- Director
Mr Michael RosenEngland61 years Dec 2023- Director
Mr Paolo TonucciUnited Kingdom56 years Dec 2023- Director

P&L

December 2023

turnover

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 2023

net 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

AMPHITRYON LTD

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

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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marex prime services limited Companies House Filings - See Documents

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