Pomanda estimates the enterprise value of PRIMARY ICT SUPPORT LTD at £2.9m based on a Turnover of £3.8m and 0.77x industry multiple (adjusted for size and gross margin).
primary ict support ltdEstimated Valuation
£459.8k
Pomanda estimates the enterprise value of PRIMARY ICT SUPPORT LTD at £459.8k based on an EBITDA of £87.4k and a 5.26x industry multiple (adjusted for size and gross margin).
primary ict support ltdEstimated Valuation
£2.3k
Pomanda estimates the enterprise value of PRIMARY ICT SUPPORT LTD at £2.3k based on Net Assets of £1k and 2.25x industry multiple (adjusted for liquidity).
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Primary Ict Support LtdOverview
Primary Ict Support Ltd is a live company located in leeds, LS10 1DJ with a Companies House number of 05682565. It operates in the other information technology service activities sector, SIC Code 62090. Founded in January 2006, it's largest shareholder is
james watson
with a 99.8% stake. Primary Ict Support Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£3.8m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Primary Ict Support Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
4 Strong
3 Regular
5 Weak
Size
annual sales of £3.8m, make it smaller than the average company (£7.7m)
£3.8m - Primary Ict Support Ltd
£7.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (9.2%)
13% - Primary Ict Support Ltd
9.2% - Industry AVG
Production
with a gross margin of 49.9%, this company has a comparable cost of product (49.9%)
49.9% - Primary Ict Support Ltd
49.9% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (4%)
1.5% - Primary Ict Support Ltd
4% - Industry AVG
Employees
with 37 employees, this is similar to the industry average (43)
37 - Primary Ict Support Ltd
43 - Industry AVG
Pay Structure
on an average salary of £73k, the company has an equivalent pay structure (£73k)
£73k - Primary Ict Support Ltd
£73k - Industry AVG
Efficiency
resulting in sales per employee of £102.7k, this is less efficient (£178.9k)
£102.7k - Primary Ict Support Ltd
£178.9k - Industry AVG
Debtor Days
it gets paid by customers after 32 days, this is earlier than average (50 days)
32 days - Primary Ict Support Ltd
50 days - Industry AVG
Creditor Days
its suppliers are paid after 101 days, this is slower than average (34 days)
101 days - Primary Ict Support Ltd
34 days - Industry AVG
Stock Days
it holds stock equivalent to 22 days, this is more than average (12 days)
22 days - Primary Ict Support Ltd
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 26 weeks, this is more cash available to meet short term requirements (13 weeks)
26 weeks - Primary Ict Support Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 99.9%, this is a higher level of debt than the average (63.4%)
99.9% - Primary Ict Support Ltd
63.4% - Industry AVG
PRIMARY ICT SUPPORT LTD financials
EXPORT
Primary Ict Support Ltd's latest turnover from May 2024 is estimated at £3.8 million and the company has net assets of £1 thousand. According to their latest financial statements, Primary Ict Support Ltd has 37 employees and maintains cash reserves of £521 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
3,799,194
2,925,034
2,324,031
2,657,870
1,951,733
1,036,932
2,092,973
1,602,840
1,248,445
444,545
527,680
852,888
256,666
971,494
582,535
Other Income Or Grants
Cost Of Sales
1,901,929
1,456,518
1,115,788
1,306,817
942,692
497,109
986,526
764,804
585,401
208,328
240,877
393,528
118,289
436,537
260,765
Gross Profit
1,897,265
1,468,516
1,208,243
1,351,053
1,009,041
539,824
1,106,447
838,037
663,044
236,217
286,803
459,361
138,377
534,958
321,770
Admin Expenses
1,842,282
1,461,461
1,151,399
1,307,492
1,074,330
539,827
1,107,472
835,982
663,123
236,548
287,477
458,940
138,899
528,650
326,345
Operating Profit
54,983
7,055
56,844
43,561
-65,289
-3
-1,025
2,055
-79
-331
-674
421
-522
6,308
-4,575
Interest Payable
36,434
25,494
20,514
19,134
8,551
121
Interest Receivable
20,887
11,147
1,892
129
101
697
293
42
78
144
68
85
97
30
18
Pre-Tax Profit
39,436
-7,292
38,221
24,557
-73,739
573
-732
2,098
-1
-187
-606
507
-425
6,339
-4,557
Tax
-9,859
-7,262
-4,666
-109
-399
-122
-1,775
Profit After Tax
29,577
-7,292
30,959
19,891
-73,739
464
-732
1,699
-1
-187
-606
385
-425
4,564
-4,557
Dividends Paid
Retained Profit
29,577
-7,292
30,959
19,891
-73,739
464
-732
1,699
-1
-187
-606
385
-425
4,564
-4,557
Employee Costs
2,702,672
2,263,703
1,927,212
1,834,028
1,663,184
421,052
1,550,526
1,115,593
798,952
160,470
207,689
300,593
100,445
339,419
241,132
Number Of Employees
37
32
29
29
28
7
27
20
15
3
4
6
2
7
5
EBITDA*
87,357
34,020
73,631
53,160
-55,227
11,775
5,184
16,578
6,130
3,131
466
1,477
-247
6,547
-4,220
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
98,526
125,322
69,075
51,958
27,001
34,654
26,161
25,487
11,556
2,880
4,803
50
975
475
714
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
98,526
125,322
69,075
51,958
27,001
34,654
26,161
25,487
11,556
2,880
4,803
50
975
475
714
Stock & work in progress
116,784
157,149
154,293
129,525
109,025
51,426
12,357
34,122
39,612
4,818
4,708
Trade Debtors
341,997
237,001
172,312
293,336
124,688
166,810
247,033
199,544
138,213
72,680
88,255
137,497
35,282
158,647
94,244
Group Debtors
Misc Debtors
231,821
234,718
262,356
190,424
177,596
45,781
36,565
64,876
4,000
Cash
520,991
274,718
220,725
157,586
100,508
101,627
84,297
32,975
883
30,439
27,249
34,039
4,841
7,354
misc current assets
13,413
42,791
total current assets
1,211,593
916,999
852,477
770,871
511,817
365,644
380,252
331,517
182,708
107,937
120,212
137,497
69,321
163,488
101,598
total assets
1,310,119
1,042,321
921,552
822,829
538,818
400,298
406,413
357,004
194,264
110,817
125,015
137,547
70,296
163,963
102,312
Bank overdraft
153,318
86,172
89,332
50,000
80,111
3,586
Bank loan
Trade Creditors
528,457
391,369
301,672
272,532
140,007
235,923
112,463
91,570
160,095
110,643
124,654
136,580
69,714
162,956
105,869
Group/Directors Accounts
other short term finances
hp & lease commitments
512
3,074
2,995
other current liabilities
358,360
398,149
400,511
251,981
188,564
154,088
281,053
248,731
33,996
total current liabilities
1,040,135
875,690
791,515
574,513
409,194
393,597
396,590
343,296
194,091
110,643
124,654
136,580
69,714
162,956
105,869
loans
244,352
163,877
146,225
300,560
196,662
hp & lease commitments
3,586
6,739
Accruals and Deferred Income
other liabilities
5,097
5,097
provisions
24,632
31,331
5,097
5,097
5,097
total long term liabilities
268,984
195,208
151,322
300,560
201,759
5,097
8,683
11,836
total liabilities
1,309,119
1,070,898
942,837
875,073
610,953
398,694
405,273
355,132
194,091
110,643
124,654
136,580
69,714
162,956
105,869
net assets
1,000
-28,577
-21,285
-52,244
-72,135
1,604
1,140
1,872
173
174
361
967
582
1,007
-3,557
total shareholders funds
1,000
-28,577
-21,285
-52,244
-72,135
1,604
1,140
1,872
173
174
361
967
582
1,007
-3,557
May 2024
May 2023
May 2022
May 2021
May 2020
May 2019
May 2018
May 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
54,983
7,055
56,844
43,561
-65,289
-3
-1,025
2,055
-79
-331
-674
421
-522
6,308
-4,575
Depreciation
32,374
26,965
16,787
9,599
10,062
11,778
6,209
14,523
6,209
3,462
1,140
1,056
275
239
355
Amortisation
Tax
-9,859
-7,262
-4,666
-109
-399
-122
-1,775
Stock
-40,365
2,856
24,768
20,500
57,599
39,069
-21,765
-5,490
34,794
110
4,708
Debtors
102,099
37,051
-49,092
181,476
89,693
-71,007
19,178
122,207
69,533
-15,575
-49,242
102,215
-123,365
64,403
94,244
Creditors
137,088
89,697
29,140
132,525
-95,916
123,460
20,893
-68,525
49,452
-14,011
-11,926
66,866
-93,242
57,087
105,869
Accruals and Deferred Income
-39,789
-2,362
148,530
63,417
34,476
-126,965
32,322
214,735
33,996
Deferred Taxes & Provisions
-6,699
26,234
5,097
-5,097
5,097
Cash flow from operations
106,364
107,682
273,460
42,460
-263,959
35,002
60,986
50,769
-14,749
4,585
33,074
-33,994
29,876
-2,544
7,405
Investing Activities
capital expenditure
-5,578
-83,212
-33,904
-34,556
-2,409
-20,271
-6,883
-28,454
-14,885
-1,539
-5,893
-131
-775
-1,069
Change in Investments
cash flow from investments
-5,578
-83,212
-33,904
-34,556
-2,409
-20,271
-6,883
-28,454
-14,885
-1,539
-5,893
-131
-775
-1,069
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
80,475
17,652
-154,335
103,898
196,662
Hire Purchase and Lease Commitments
-512
512
-6,660
-3,074
9,734
other long term liabilities
-5,097
5,097
share issue
1,000
interest
-15,547
-14,347
-18,622
-19,005
-8,450
576
293
42
78
144
68
85
97
30
18
cash flow from financing
64,928
3,305
-172,957
79,284
188,724
-987
-2,781
9,776
78
144
68
85
97
30
1,018
cash and cash equivalents
cash
246,273
53,993
63,139
57,078
-1,119
17,330
51,322
32,092
-29,556
3,190
27,249
-34,039
29,198
-2,513
7,354
overdraft
67,146
-3,160
39,332
-30,111
76,525
3,586
change in cash
179,127
57,153
23,807
87,189
-77,644
13,744
51,322
32,092
-29,556
3,190
27,249
-34,039
29,198
-2,513
7,354
primary ict support 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 primary ict support ltd. Get real-time insights into primary ict support ltd's credit score, group structure and payment trends.
Perform a competitor analysis for primary ict support ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in LS10 area or any other competitors across 12 key performance metrics.
primary ict support ltd Ownership
PRIMARY ICT SUPPORT LTD group structure
Primary Ict Support Ltd has no subsidiary companies.
Ultimate parent company
PRIMARY ICT SUPPORT LTD
05682565
PRIMARY ICT SUPPORT LTD Shareholders
The largest shareholders in Primary Ict Support Ltd include James Watson and Robert Owen.
james watson
99.8%
robert owen
0.2%
primary ict support ltd directors
Primary Ict Support Ltd currently has 2 directors.
The longest serving directors include
Mr James Watson (Jan 2006) and
Mr Robert Owen (Dec 2018).
62090 - Other information technology and computer service activities
incorporation date
January 2006
age
19
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
May 2024
previous names
N/A
accountant
GATEWAY ACCOUNTANCY SERVICES LTD
auditor
-
address
nelson house george mann road, leeds, LS10 1DJ
Bank
-
Legal Advisor
-
primary ict support 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 did not find charges/mortgages relating to primary ict support ltd.
primary ict support 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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primary ict support ltdCompanies House Filings - See Documents
