Progenix It Limited

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progenix it limited Company Information

Live

EstablishedMicroHealthy

Company Number

06075280

Website

http://envision4business.co.uk

Registered Address

50-54 oswald road, scunthorpe, north lincolnshire, DN15 7PQ

Industry

Computer consultancy activities

Telephone

01142855411

Next Accounts Due

October 2025

Group Structure

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Directors

Philip Ellis17 Years

Jane Ellis3 Years

Shareholders

philip ellis 50%

jane ellis 50%

progenix it limited Estimated Valuation

£294.8k

Pomanda estimates the enterprise value of PROGENIX IT LIMITED at £294.8k based on Net Assets of £131k and 2.25x industry multiple (adjusted for liquidity).

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Progenix It Limited is a live company located in north lincolnshire, DN15 7PQ with a Companies House number of 06075280. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in January 2007, it's largest shareholder is philip ellis with a 50% stake. Progenix It Limited is a established, micro sized company, Pomanda has estimated its turnover at £151.5k with healthy growth in recent years.

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Pomanda's financial health check has awarded Progenix It Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £151.5k, make it smaller than the average company (£346.9k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (8.8%)

EXPORT

Progenix It Limited's latest turnover from January 2024 is estimated at £151.5 thousand and the company has net assets of £131 thousand. According to their latest financial statements, Progenix It Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	151,485	129,381	136,058	124,932	81,241	47,446	132,215	249,640	172,340	185,797	263,734	63,475	14,261	17,079	49,883
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	115,547	94,576	98,425	90,130	57,606	33,704	92,461	171,839	117,087	126,524	174,136	41,018	9,451	11,206	31,879
Gross Profit	35,937	34,806	37,633	34,802	23,635	13,743	39,754	77,801	55,253	59,273	89,599	22,458	4,809	5,873	18,004
Admin Expenses	48,315	-18,816	34,110	-13,642	74,955	-63,184	69,705	80,329	22,359	64,128	24,939	6,479	11,871	5,350	15,865
Operating Profit	-12,378	53,622	3,523	48,444	-51,320	76,927	-29,951	-2,528	32,894	-4,855	64,660	15,979	-7,062	523	2,139
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	313	313	0	73	224	109	45	22	14	87	81
Pre-Tax Profit	-12,378	53,622	3,523	48,444	-51,007	77,240	-29,951	-2,455	33,118	-4,746	64,705	16,001	-7,048	610	2,219
Tax	0	-10,188	-669	-9,204	0	-14,676	0	0	-6,623	0	-14,882	-3,840	0	-171	-621
Profit After Tax	-12,378	43,434	2,854	39,240	-51,007	62,564	-29,951	-2,455	26,494	-4,746	49,823	12,161	-7,048	439	1,598
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-12,378	43,434	2,854	39,240	-51,007	62,564	-29,951	-2,455	26,494	-4,746	49,823	12,161	-7,048	439	1,598
Employee Costs	49,872	52,623	49,461	44,877	46,505	55,867	49,733	56,972	57,906	58,486	111,834	54,723	54,412	52,125	54,500
Number Of Employees	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1
EBITDA*	-12,378	53,622	3,523	48,444	-51,320	76,927	-29,951	-2,528	34,154	-3,456	66,708	17,630	-4,564	3,535	3,444

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	513,440	513,451	387,991	388,912	386,793	688	1,043	553	1,495	1,117	1,528	3,261	2,819	4,770	1,011
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	513,440	513,451	387,991	388,912	386,793	688	1,043	553	1,495	1,117	1,528	3,261	2,819	4,770	1,011
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	41,426	40,139	54,302	59,221	23,526	17,508	76,796	110,136	49,510	50,348	69,635	16,100	2,409	3,927	9,792
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	786	837	775	261	1,075	39,361	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	83,345	0	0	58,259	31,256	12,361	5,709	3,230	2,422	32,294
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	42,212	40,976	55,077	59,482	24,601	140,214	76,796	110,136	107,769	81,604	81,996	21,809	5,639	6,349	42,086
total assets	555,652	554,427	443,068	448,394	411,394	140,902	77,839	110,689	109,264	82,721	83,524	25,070	8,458	11,119	43,097
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	129,453	115,862	85,160	62,794	64,598	25	31,524	34,423	30,541	30,492	26,549	17,918	13,467	9,080	41,497
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	31,996	0	0	0	0	0	0	0	0	0
total current liabilities	129,453	115,862	85,160	62,794	64,598	32,021	31,524	34,423	30,541	30,492	26,549	17,918	13,467	9,080	41,497
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	11,233	11,380	10,567	14,738	15,174	0	0	0	0	0	0	0	0	0	0
other liabilities	283,944	283,785	247,375	273,750	273,750	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	295,177	295,165	257,942	288,488	288,924	0	0	0	0	0	0	0	0	0	0
total liabilities	424,630	411,027	343,102	351,282	353,522	32,021	31,524	34,423	30,541	30,492	26,549	17,918	13,467	9,080	41,497
net assets	131,022	143,400	99,966	97,112	57,872	108,881	46,315	76,266	78,723	52,229	56,975	7,152	-5,009	2,039	1,600
total shareholders funds	131,022	143,400	99,966	97,112	57,872	108,881	46,315	76,266	78,723	52,229	56,975	7,152	-5,009	2,039	1,600

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-12,378	53,622	3,523	48,444	-51,320	76,927	-29,951	-2,528	32,894	-4,855	64,660	15,979	-7,062	523	2,139
Depreciation	0	0	0	0	0	0	0	0	1,260	1,399	2,048	1,651	2,498	3,012	1,305
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-10,188	-669	-9,204	0	-14,676	0	0	-6,623	0	-14,882	-3,840	0	-171	-621
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,236	-14,101	-4,405	34,881	-32,268	-19,927	-33,340	60,626	-838	-19,287	53,535	13,691	-1,518	-5,865	9,792
Creditors	13,591	30,702	22,366	-1,804	64,573	-31,499	-2,899	3,882	49	3,943	8,631	4,451	4,387	-32,417	41,497
Accruals and Deferred Income	-147	813	-4,171	-436	-16,822	31,996	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-170	89,050	25,454	2,119	28,699	82,675	490	-59,272	28,418	19,774	6,922	4,550	1,341	-23,188	34,528
Investing Activities
capital expenditure	11	-125,460	921	-2,119	-386,105	355	-490	942	-1,638	-988	-315	-2,093	-547	-6,771	-2,316
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	11	-125,460	921	-2,119	-386,105	355	-490	942	-1,638	-988	-315	-2,093	-547	-6,771	-2,316
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	159	36,410	-26,375	0	273,750	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	-2	2	0	-2	0	0	0	0	0	0	2
interest	0	0	0	0	313	313	0	73	224	109	45	22	14	87	81
cash flow from financing	159	36,410	-26,375	0	274,061	315	0	71	224	109	45	22	14	87	83
cash and cash equivalents
cash	0	0	0	0	-83,345	83,345	0	-58,259	27,003	18,895	6,652	2,479	808	-29,872	32,294
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	-83,345	83,345	0	-58,259	27,003	18,895	6,652	2,479	808	-29,872	32,294

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROGENIX IT LIMITED group structure

Progenix It Limited has no subsidiary companies.

Ultimate parent company

PROGENIX IT LIMITED

06075280

PROGENIX IT LIMITED Shareholders

philip ellis	50%
jane ellis	50%

Progenix It Limited currently has 2 directors. The longest serving directors include Mr Philip Ellis (Jan 2007) and Mrs Jane Ellis (Aug 2021).

officer	country	age	start	end	role
Mr Philip Ellis		58 years	Jan 2007	-	Director
Mrs Jane Ellis	United Kingdom	61 years	Aug 2021	-	Director

P&L

January 2024

turnover

151.5k

+17%

operating profit

-12.4k

gross margin

23.8%

-11.81%

turnover

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

Balance Sheet

January 2024

net assets

131k

-0.09%

total assets

555.7k

cash

net assets

Total assets minus all liabilities

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company number

06075280

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

January 2007

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

last accounts submitted

January 2024

address

50-54 oswald road, scunthorpe, north lincolnshire, DN15 7PQ

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 5 charges/mortgages relating to progenix it limited. Currently there are 5 open charges and 0 have been satisfied in the past.

progenix it limited Company Information

progenix it limited Estimated Valuation

progenix it limited Estimated Valuation

progenix it limited Estimated Valuation

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