prime education and training ltd

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prime education and training ltd Company Information

Share PRIME EDUCATION AND TRAINING LTD

Company Number

06198271

Shareholders

nigel pamplin

andrew hutchinson

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Group Structure

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Industry

Activities of head offices

 

Registered Address

the old market unit n2, upper market street, hove, BN3 1AS

prime education and training ltd Estimated Valuation

£45.3m

Pomanda estimates the enterprise value of PRIME EDUCATION AND TRAINING LTD at £45.3m based on a Turnover of £41.3m and 1.1x industry multiple (adjusted for size and gross margin).

prime education and training ltd Estimated Valuation

£23.5m

Pomanda estimates the enterprise value of PRIME EDUCATION AND TRAINING LTD at £23.5m based on an EBITDA of £2.7m and a 8.68x industry multiple (adjusted for size and gross margin).

prime education and training ltd Estimated Valuation

£0

Pomanda estimates the enterprise value of PRIME EDUCATION AND TRAINING LTD at £0 based on Net Assets of £-4.1m and 2.11x industry multiple (adjusted for liquidity).

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Prime Education And Training Ltd Overview

Prime Education And Training Ltd is a live company located in hove, BN3 1AS with a Companies House number of 06198271. It operates in the activities of head offices sector, SIC Code 70100. Founded in April 2007, it's largest shareholder is nigel pamplin with a 27.8% stake. Prime Education And Training Ltd is a established, large sized company, Pomanda has estimated its turnover at £41.3m with high growth in recent years.

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Prime Education And Training Ltd Health Check

Pomanda's financial health check has awarded Prime Education And Training Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

7 Strong

positive_score

1 Regular

positive_score

4 Weak

size

Size

annual sales of £41.3m, make it larger than the average company (£20.2m)

£41.3m - Prime Education And Training Ltd

£20.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (7.4%)

26% - Prime Education And Training Ltd

7.4% - Industry AVG

production

Production

with a gross margin of 39.3%, this company has a comparable cost of product (33.7%)

39.3% - Prime Education And Training Ltd

33.7% - Industry AVG

profitability

Profitability

an operating margin of 4.4% make it less profitable than the average company (5.9%)

4.4% - Prime Education And Training Ltd

5.9% - Industry AVG

employees

Employees

with 433 employees, this is above the industry average (110)

433 - Prime Education And Training Ltd

110 - Industry AVG

paystructure

Pay Structure

on an average salary of £33.5k, the company has a lower pay structure (£49.8k)

£33.5k - Prime Education And Training Ltd

£49.8k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £95.3k, this is less efficient (£205.1k)

£95.3k - Prime Education And Training Ltd

£205.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (45 days)

32 days - Prime Education And Training Ltd

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 10 days, this is quicker than average (42 days)

10 days - Prime Education And Training Ltd

42 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (48 days)

0 days - Prime Education And Training Ltd

48 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is more cash available to meet short term requirements (15 weeks)

18 weeks - Prime Education And Training Ltd

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 118.3%, this is a higher level of debt than the average (55.6%)

118.3% - Prime Education And Training Ltd

55.6% - Industry AVG

PRIME EDUCATION AND TRAINING LTD financials

EXPORTms excel logo

Prime Education And Training Ltd's latest turnover from December 2023 is £41.3 million and the company has net assets of -£4.1 million. According to their latest financial statements, Prime Education And Training Ltd has 433 employees and maintains cash reserves of £8 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
Turnover41,266,78433,849,40519,253,09420,714,57737,214,54037,556,81644,242,17139,495,07038,266,39435,937,10926,352,61819,886,90616,373,44912,012,43310,185,695
Other Income Or Grants
Cost Of Sales25,039,42319,607,37412,479,83917,294,47427,094,17827,351,95333,308,05830,396,08729,436,89327,800,83920,783,40715,060,79111,742,5588,371,0086,892,871
Gross Profit16,227,36114,242,0316,773,2553,420,10310,120,36210,204,86310,934,1139,098,9838,829,5018,136,2705,569,2114,826,1154,630,8913,641,4253,292,824
Admin Expenses14,410,60413,433,9498,922,8886,382,0389,847,05710,574,36110,188,6668,938,0008,880,0757,773,3744,887,0424,703,6213,846,5323,047,2592,811,823
Operating Profit1,816,757808,082-2,149,633-2,961,935273,305-369,498745,447160,983-50,574362,896682,169122,494784,359594,166481,001
Interest Payable344,719232,238116,16794,164117,598106,65097,037102,347108,342109,949109,99483,385141,167209,945224,149
Interest Receivable123,6426,7154138,47512,0881,29357133751392,211954493
Pre-Tax Profit1,639,977582,559-2,265,387-3,047,624167,795-483,086648,41057,457-158,829262,221538,130269,430879,253384,275257,345
Tax34,904-166,47841,105177,383-70,33013,793-81,270-112,548-51,445-108,290-122,943-60,472-175,095-172,532-54,930
Profit After Tax1,674,881416,081-2,224,282-2,870,24197,465-469,293567,140-55,091-210,274153,931415,187208,958704,158211,743202,415
Dividends Paid301,189206,502317,709190,127357,031363,967617,725354,311350,167357,242355,864179,807121,526
Retained Profit1,373,692209,579-2,541,991-3,060,368-259,566-833,260-50,585-409,402-560,441-203,31159,32329,151582,632211,743202,415
Employee Costs14,515,33813,042,0049,869,4929,994,08512,295,27312,958,18612,312,19511,329,16310,989,5049,488,4637,383,5306,056,1094,784,3463,543,4393,228,516
Number Of Employees433389322380545532462494626502376231209197190
EBITDA*2,707,2071,590,323-869,927-2,138,1031,198,633665,8911,783,5241,208,120791,014904,9031,061,728361,1001,011,213728,830618,110

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,928,2397,851,8607,803,8498,203,1598,788,5289,354,0659,723,6939,600,9068,303,2767,331,9856,613,2975,099,4903,521,3522,888,7762,724,431
Intangible Assets53,347438,012743,4451,063,5511,274,1821,585,5661,858,3352,187,9692,350,6432,363,6952,617,1322,617,1322,490,4052,490,4052,386,685
Investments & Other10,56910,56910,56910,56950,676
Debtors (Due After 1 year)241,260224,860183,556147,090168,318181,943178,963209,693310,904415,69595,63923,284
Total Fixed Assets8,222,8468,514,7328,741,4199,424,36910,241,59711,132,14311,760,99111,998,56810,964,82310,111,3759,326,0687,790,5826,011,7575,379,1815,111,116
Stock & work in progress16,14515,6109,3748,36014,14414,22218,40810,7513,44611,37919,2016,50814,01910,4845,155
Trade Debtors3,630,7394,359,7383,646,9442,709,5153,332,0532,522,3052,281,9812,378,3232,463,5592,436,0212,398,4831,626,4361,130,116594,051982,216
Group Debtors237,727187,19989,115306,316498,769
Misc Debtors2,190,9991,675,8552,062,4372,018,8372,653,9032,992,7953,008,4201,193,806850,630879,126860,928524,620298,945383,736268,034
Cash8,048,8778,008,1235,270,5157,143,0027,687,3573,942,5033,742,9522,873,6503,831,6194,419,8992,373,1611,041,3651,605,3511,358,542381,524
misc current assets
total current assets13,886,76014,059,32610,989,27011,879,71413,687,4579,709,5529,051,7616,456,5307,336,4537,746,4255,740,8883,505,2453,547,2002,346,8131,636,929
total assets22,109,60622,574,05819,730,68921,304,08323,929,05420,841,69520,812,75218,455,09818,301,27617,857,80015,066,95611,295,8279,558,9577,725,9946,748,045
Bank overdraft700,297318,0699,510
Bank loan406,928581,288186,388186,388186,388262,921256,743214,370214,727160,029247,288192,107192,107
Trade Creditors 733,401527,572915,146632,610701,365351,466516,157342,171304,440370,910287,366280,006206,210172,490202,165
Group/Directors Accounts2231,659150,848
other short term finances
hp & lease commitments49,31449,314
other current liabilities21,274,53822,316,43717,866,79116,949,88818,846,44915,383,23214,892,31612,808,88113,415,98612,525,2869,862,1547,035,1505,139,4383,793,7922,671,015
total current liabilities22,464,18123,474,61119,482,23417,768,88819,734,20216,152,74515,726,54213,413,97313,986,67913,110,56610,364,2477,475,1855,592,9374,158,3893,116,135
loans3,501,5564,348,2424,929,5305,668,5883,215,1853,401,5723,058,2662,914,0923,183,1903,278,5373,194,5232,935,2413,008,0093,225,1633,387,891
hp & lease commitments29,05979,689
Accruals and Deferred Income
other liabilities
provisions169,069160,810343,566350,257357,312373,905340,050362,37170,514142,22735,03627,10059,26926,33315,041
total long term liabilities3,699,6844,588,7415,273,0966,018,8453,572,4973,775,4773,398,3163,276,4633,253,7043,420,7643,229,5592,962,3413,067,2783,251,4963,402,932
total liabilities26,163,86528,063,35224,755,33023,787,73323,306,69919,928,22219,124,85816,690,43617,240,38316,531,33013,593,80610,437,5268,660,2157,409,8856,519,067
net assets-4,054,259-5,489,294-5,024,641-2,483,650622,355913,4731,687,8941,764,6621,060,8931,326,4701,473,150858,301898,742316,109228,978
total shareholders funds-4,054,259-5,489,294-5,024,641-2,483,650622,355913,4731,687,8941,764,6621,060,8931,326,4701,473,150858,301898,742316,109228,978
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit1,816,757808,082-2,149,633-2,961,935273,305-369,498745,447160,983-50,574362,896682,169122,494784,359594,166481,001
Depreciation510,424447,815956,526567,558630,324738,070749,789793,685593,497542,007379,559238,606226,854134,664137,109
Amortisation380,026334,426323,180256,274295,004297,319288,288253,452248,091
Tax34,904-166,47841,105177,383-70,33013,793-81,270-112,548-51,445-108,290-122,943-60,472-175,095-172,532-54,930
Stock5356,2361,014-5,784-78-4,1867,6577,305-7,933-7,82212,693-7,5113,5355,3295,155
Debtors-197,455367,5161,017,495-1,278,832219,504465,4061,687,542-30,47081,450286,677963,509552,826950,043-272,4631,250,250
Creditors205,829-387,574282,536-68,755349,899-164,691173,98637,731-66,47083,5447,36073,79633,720-29,675202,165
Accruals and Deferred Income-1,041,8994,449,646916,903-1,896,5613,463,217490,9162,083,435-607,105890,7002,663,1322,827,0041,895,7121,345,6461,122,7772,671,015
Deferred Taxes & Provisions8,259-182,756-6,691-7,055-16,59333,855-22,321291,857-71,713107,1917,936-32,16932,93611,29215,041
Cash flow from operations2,111,2204,929,409-654,583-2,648,4754,705,400578,5442,242,155841,2201,418,5693,371,6252,804,8831,692,6521,294,8421,927,8262,195,996
Investing Activities
capital expenditure-271,077-1,065,883-412,127-1,587,042-1,054,872-1,355,692-1,994,147-864,743-402,729-236,028
Change in Investments-10,56910,569-50,67650,676
cash flow from investments10,569-281,646-1,065,883-412,127-1,587,042-1,054,872-1,305,016-2,044,823-864,743-402,729-236,028
Financing Activities
Bank loans-174,360581,288-186,388186,388-262,9216,17842,373-35754,698-87,25955,181192,107
Group/Directors Accounts-22-231,659231,659-11-50,84850,848
Other Short Term Loans
Long term loans-846,686-581,288-739,0582,453,403-186,387343,306144,174-269,098-95,34784,014259,282-72,768-217,154-162,7283,387,891
Hire Purchase and Lease Commitments-50,630129,003
other long term liabilities
share issue61,343-674,2321,000-45,637-31,55258,839-26,1831,113,171294,86456,631555,526-69,5921-124,61226,563
interest-221,077-225,523-115,754-85,689-105,510-105,357-97,037-102,290-108,209-109,198-109,955-81,174-141,158-209,891-223,656
cash flow from financing-1,231,410-770,752-1,040,2022,322,079-555,108714,835-241,967747,961133,68131,090759,551-310,794-303,129-548,0793,433,753
cash and cash equivalents
cash40,7542,737,608-1,872,487-544,3553,744,854199,551869,302-957,969-588,2802,046,7381,331,796-563,986246,809977,018381,524
overdraft-700,297700,297-318,069318,069-9,5109,510
change in cash40,7543,437,905-2,572,784-544,3553,744,854517,620551,233-948,459-597,7902,046,7381,331,796-563,986246,809977,018381,524

prime education and training ltd 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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Prime Education And Training Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for prime education and training ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in BN3 area or any other competitors across 12 key performance metrics.

prime education and training ltd Ownership

PRIME EDUCATION AND TRAINING LTD group structure

Prime Education And Training Ltd has 5 subsidiary companies.

PRIME EDUCATION AND TRAINING LTD Shareholders

nigel pamplin 27.78%
andrew hutchinson 27.01%
jose antonio flores 21.52%
andrew green 17.82%
michael anthony parris 3.97%
joohee kaylee hong 1%
claire marie packham 0.5%
jose andres corrie soto 0.2%
edward david seddon 0.2%

prime education and training ltd directors

Prime Education And Training Ltd currently has 3 directors. The longest serving directors include Mr Nigel Pamplin (Jun 2007) and Mr Andrew Hutchinson (Jun 2007).

officercountryagestartendrole
Mr Nigel PamplinUnited Kingdom62 years Jun 2007- Director
Mr Andrew HutchinsonUnited Kingdom60 years Jun 2007- Director
Mr Andrew GreenUnited Kingdom57 years Apr 2008- Director

P&L

December 2023

turnover

41.3m

+22%

operating profit

1.8m

+125%

gross margin

39.4%

-6.54%

turnover

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

Balance Sheet

December 2023

net assets

-4.1m

-0.26%

total assets

22.1m

-0.02%

cash

8m

+0.01%

net assets

Total assets minus all liabilities

prime education and training ltd company details

company number

06198271

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

April 2007

age

18

incorporated

UK

ultimate parent company

None

accounts

Group

last accounts submitted

December 2023

previous names

bagborder limited (August 2007)

accountant

-

auditor

GALLOWAYS ACCOUNTING

address

the old market unit n2, upper market street, hove, BN3 1AS

Bank

-

Legal Advisor

-

prime education and training 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 7 charges/mortgages relating to prime education and training ltd. Currently there are 4 open charges and 3 have been satisfied in the past.

prime education and training 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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prime education and training ltd Companies House Filings - See Documents

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