Primassure Limited

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primassure limited Company Information

Live

EstablishedSmallDeclining

Company Number

06276836

Next Accounts

126 days late

Industry

Activities of insurance agents and brokers

Directors

Sharon Guyver

Shareholders

primassure holdings ag

Group Structure

View All

Contact

Registered Address

2nd floor, 168 shoreditch high street, london, E1 6RA

Website

www.primassure.com

primassure limited Estimated Valuation

£1m

Pomanda estimates the enterprise value of PRIMASSURE LIMITED at £1m based on Net Assets of £571.8k and 1.83x industry multiple (adjusted for liquidity).

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Primassure Limited is a live company located in london, E1 6RA with a Companies House number of 06276836. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in June 2007, it's largest shareholder is primassure holdings ag with a 100% stake. Primassure Limited is a established, small sized company, Pomanda has estimated its turnover at £886k with declining growth in recent years.

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Pomanda's financial health check has awarded Primassure Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

8 Weak

Size

annual sales of £886k, make it smaller than the average company (£2.8m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (4.9%)

EXPORT

Primassure Limited's latest turnover from November 2022 is £886 thousand and the company has net assets of £571.8 thousand. According to their latest financial statements, Primassure Limited has 15 employees and maintains cash reserves of £875.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	886,029	853,455	911,997	1,017,367	749,291	606,320	577,475	3,525,098	2,424,385	2,321,054	1,774,456	3,942,113	2,767,681	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	21,028	34,678	64,606	96,118	82,204	43,869	38,259	620,216	606,914	625,853	591,180	1,001,295	697,192	0
Gross Profit	865,001	818,777	847,391	921,249	667,087	562,451	539,216	2,904,881	1,817,471	1,695,201	1,183,276	2,940,818	2,070,489	0
Admin Expenses	889,506	861,604	796,501	847,157	712,971	418,945	694,285	3,162,164	1,942,075	1,603,747	1,143,049	3,059,064	2,077,090	362,711
Operating Profit	-24,505	-42,827	50,890	74,092	-45,884	143,506	-155,069	-257,283	-124,604	91,454	40,227	-118,246	-6,601	-362,711
Interest Payable	1,296	0	0	0	0	0	143	4,875	9,750	9,750	31,024	43,860	33,310	15,599
Interest Receivable	9	8	1	11	47	27	34	1,680	2,060	2,271	1,563	866	514	186
Pre-Tax Profit	-25,792	-42,819	50,891	74,103	-45,837	143,533	-155,178	-260,478	-132,294	83,975	10,766	-161,240	-39,397	-378,124
Tax	0	0	0	0	0	0	0	0	0	-19,314	-2,584	0	0	0
Profit After Tax	-25,792	-42,819	50,891	74,103	-45,837	143,533	-155,178	-260,478	-132,294	64,661	8,182	-161,240	-39,397	-378,124
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-25,792	-42,819	50,891	74,103	-45,837	143,533	-155,178	-260,478	-132,294	64,661	8,182	-161,240	-39,397	-378,124
Employee Costs	559,327	542,117	535,802	534,236	570,669	479,493	421,446	1,643,258	1,131,972	1,112,413	868,709	1,814,750	1,374,910	0
Number Of Employees	15	18	15	14	13	11	10	39	28	28	22	47	35	0
EBITDA*	4,825	486	106,219	126,915	-6,034	171,365	-124,633	-220,811	-80,028	141,183	82,505	-101,028	897	-353,090

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	6,301	14,652	33,350	52,337	62,140	20,692	18,346	23,300	51,841	68,976	68,377	66,340	7,763	27,769
Intangible Assets	181,815	202,794	223,772	244,751	265,730	286,709	307,687	328,666	349,645	370,624	391,602	412,579	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	1	1	1	1	1
Debtors (Due After 1 year)	4,809	4,809	4,809	4,809	4,809	4,809	6,699	4,809	4,809	14,625	14,625	0	0	0
Total Fixed Assets	192,925	222,255	261,931	301,897	332,679	312,210	332,732	356,775	406,295	454,226	474,605	478,920	7,764	27,770
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	2,036,171	471,608	576,191	1,410,445	434,757	4,007	0	865,596	649,920	646,429	493,380	1,035,499	777,833	1,158,752
Group Debtors	23,000	7,667	7,667	7,667	7,667	7,667	0	0	0	0	0	0	304	304
Misc Debtors	22,413	38,461	19,031	15,277	12,690	390,196	364,188	0	0	0	0	0	0	0
Cash	875,281	809,496	1,310,195	582,026	669,941	398,837	469,456	346,330	325,776	498,354	410,011	215,024	131,231	74,293
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,956,865	1,327,232	1,913,084	2,015,415	1,125,055	800,707	833,644	1,211,926	975,696	1,144,783	903,391	1,250,523	909,368	1,233,349
total assets	3,149,790	1,549,487	2,175,015	2,317,312	1,457,734	1,112,917	1,166,376	1,568,701	1,381,991	1,599,009	1,377,996	1,729,443	917,132	1,261,119
Bank overdraft	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
Trade Creditors	17,932	6,841	4,865	10,823	19,677	20,140	0	1,195,775	1,012,428	1,095,397	1,029,902	1,485,734	784,699	1,154,289
Group/Directors Accounts	0	0	0	0	0	0	200,000	0	0	0	0	0	0	0
other short term finances	10,647	10,647	4,436	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
other current liabilities	2,513,550	899,194	1,479,712	1,716,942	922,613	531,496	548,628	0	0	0	0	0	0	0
total current liabilities	2,542,129	916,682	1,489,013	1,727,765	942,290	551,636	748,628	1,195,775	1,012,428	1,095,397	1,029,902	1,485,734	784,699	1,154,289
loans	25,834	35,186	45,564	0	0	0	150,000	0	150,000	150,000	150,000	804,570	544,954	479,954
hp & lease commitments	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	0	0	0	0
other liabilities	0	0	0	0	0	0	0	150,000	3,159	64,914	9,103	12,900	0	0
provisions	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	35,834	35,186	45,564	0	0	0	150,000	150,000	153,159	214,914	159,103	817,470	544,954	479,954
total liabilities	2,577,963	951,868	1,534,577	1,727,765	942,290	551,636	898,628	1,345,775	1,165,587	1,310,311	1,189,005	2,303,204	1,329,653	1,634,243
net assets	571,827	597,619	640,438	589,547	515,444	561,281	267,748	222,926	216,404	288,698	188,991	-573,761	-412,521	-373,124
total shareholders funds	571,827	597,619	640,438	589,547	515,444	561,281	267,748	222,926	216,404	288,698	188,991	-573,761	-412,521	-373,124

	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-24,505	-42,827	50,890	74,092	-45,884	143,506	-155,069	-257,283	-124,604	91,454	40,227	-118,246	-6,601	-362,711
Depreciation	8,351	22,335	34,350	31,844	18,871	6,880	9,457	15,493	23,597	28,751	21,301	10,225	7,498	9,621
Amortisation	20,979	20,978	20,979	20,979	20,979	20,979	20,979	20,979	20,979	20,978	20,977	6,993	0	0
Tax	0	0	0	0	0	0	0	0	0	-19,314	-2,584	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,563,848	-85,153	-830,500	978,275	53,244	35,792	-499,518	215,676	-6,325	153,049	-527,494	257,362	-380,919	1,159,056
Creditors	11,091	1,976	-5,958	-8,854	-463	20,140	-1,195,775	183,347	-82,969	65,495	-455,832	701,035	-369,590	1,154,289
Accruals and Deferred Income	1,614,356	-580,518	-237,230	794,329	391,117	-17,132	548,628	0	0	0	0	0	0	0
Deferred Taxes & Provisions	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	76,424	-492,903	693,531	-65,885	331,376	138,581	-272,262	-253,140	-156,672	34,315	151,583	342,645	12,226	-357,857
Investing Activities
capital expenditure	0	0	0	0	-60,319	-9,227	-4,503	13,048	-6,462	-29,350	-23,338	-488,374	12,508	-37,390
Change in Investments	0	0	0	0	0	0	0	0	-1	0	0	0	0	1
cash flow from investments	0	0	0	0	-60,319	-9,227	-4,503	13,048	-6,461	-29,350	-23,338	-488,374	12,508	-37,391
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-200,000	200,000	0	0	0	0	0	0	0
Other Short Term Loans	0	6,211	4,436	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,352	-10,378	45,564	0	0	-150,000	150,000	-150,000	0	0	-654,570	259,616	65,000	479,954
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-150,000	146,841	-61,755	55,811	-3,797	12,900	0	0
share issue	0	0	0	0	0	150,000	200,000	267,000	60,000	35,046	754,570	0	0	5,000
interest	-1,287	8	1	11	47	27	-109	-3,195	-7,690	-7,479	-29,461	-42,994	-32,796	-15,413
cash flow from financing	-10,639	-4,159	50,001	11	47	-199,973	399,891	260,646	-9,445	83,378	66,742	229,522	32,204	469,541
cash and cash equivalents
cash	65,785	-500,699	728,169	-87,915	271,104	-70,619	123,126	20,554	-172,578	88,343	194,987	83,793	56,938	74,293
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	65,785	-500,699	728,169	-87,915	271,104	-70,619	123,126	20,554	-172,578	88,343	194,987	83,793	56,938	74,293

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRIMASSURE LIMITED group structure

Primassure Limited has no subsidiary companies.

Ultimate parent company

RACHAYA HOLDINGS SA

#0077892

PRIMASSURE HOLDINGS AG

#0043008

2 parents

PRIMASSURE LIMITED

06276836

PRIMASSURE LIMITED Shareholders

primassure holdings ag

100%

Primassure Limited currently has 1 director, Ms Sharon Guyver serving since Mar 2016.

officer	country	age	start	end	role
Ms Sharon Guyver	United Kingdom	67 years	Mar 2016	-	Director

P&L

November 2022

turnover

886k

+4%

operating profit

-24.5k

-43%

gross margin

97.7%

+1.76%

turnover

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

Balance Sheet

November 2022

net assets

571.8k

-0.04%

total assets

3.1m

+1.03%

cash

875.3k

+0.08%

net assets

Total assets minus all liabilities

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company number

06276836

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

June 2007

ultimate parent company

RACHAYA HOLDINGS SA

previous names

N/A

address

2nd floor, 168 shoreditch high street, london, E1 6RA

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primassure limited Company Information

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primassure limited Estimated Valuation

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