passportscan limited
passportscan limited Company Information
Group Structure
View All
Industry
Wholesale of computers, computer peripheral equipment and software
Registered Address
71-75 shelton street, covent garden, london, WC2H 9JQ
Website
www.passportscan.netpassportscan limited Estimated Valuation
Pomanda estimates the enterprise value of PASSPORTSCAN LIMITED at £419.7k based on a Turnover of £1.5m and 0.29x industry multiple (adjusted for size and gross margin).
passportscan limited Estimated Valuation
Pomanda estimates the enterprise value of PASSPORTSCAN LIMITED at £40.4k based on an EBITDA of £11k and a 3.68x industry multiple (adjusted for size and gross margin).
passportscan limited Estimated Valuation
Pomanda estimates the enterprise value of PASSPORTSCAN LIMITED at £59.1k based on Net Assets of £30.3k and 1.95x industry multiple (adjusted for liquidity).
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Passportscan Limited Overview
Passportscan Limited is a live company located in london, WC2H 9JQ with a Companies House number of 06589796. It operates in the wholesale of computers, computer peripheral equipment and software sector, SIC Code 46510. Founded in May 2008, it's largest shareholder is davide palo with a 100% stake. Passportscan Limited is a established, small sized company, Pomanda has estimated its turnover at £1.5m with declining growth in recent years.
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Passportscan Limited Health Check
Pomanda's financial health check has awarded Passportscan Limited a 4 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
4 Strong
2 Regular
5 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£20.4m)
- Passportscan Limited
£20.4m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (8.4%)
- Passportscan Limited
8.4% - Industry AVG
Production
with a gross margin of 19.3%, this company has a comparable cost of product (19.3%)
- Passportscan Limited
19.3% - Industry AVG
Profitability
an operating margin of 0.6% make it less profitable than the average company (3.1%)
- Passportscan Limited
3.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (49)
2 - Passportscan Limited
49 - Industry AVG
Pay Structure
on an average salary of £62.7k, the company has an equivalent pay structure (£62.7k)
- Passportscan Limited
£62.7k - Industry AVG
Efficiency
resulting in sales per employee of £733.6k, this is more efficient (£572.2k)
- Passportscan Limited
£572.2k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (46 days)
- Passportscan Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 93 days, this is slower than average (29 days)
- Passportscan Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Passportscan Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 40 weeks, this is more cash available to meet short term requirements (15 weeks)
40 weeks - Passportscan Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 95.6%, this is a higher level of debt than the average (61.5%)
95.6% - Passportscan Limited
61.5% - Industry AVG
PASSPORTSCAN LIMITED financials
Passportscan Limited's latest turnover from December 2023 is estimated at £1.5 million and the company has net assets of £30.3 thousand. According to their latest financial statements, Passportscan Limited has 2 employees and maintains cash reserves of £511.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 321,994 | 217,500 | |||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 344,384 | 152,051 | |||||||||||||
| Gross Profit | -22,390 | 65,449 | |||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -22,390 | 65,449 | |||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -22,390 | 65,449 | |||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | -22,390 | 65,449 | |||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -22,390 | 65,449 | |||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 3 | |||||||||||
| EBITDA* | -22,390 | 65,449 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 5,239 | 7,855 | 11,779 | 17,665 | 16,466 | 10,867 | 3,370 | ||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 5,239 | 7,855 | 11,779 | 17,665 | 16,466 | 10,867 | 3,370 | ||||||||
| Stock & work in progress | 5,494 | 14,422 | |||||||||||||
| Trade Debtors | 78,343 | 14,218 | 5,346 | 40,281 | 30,944 | 806,847 | 339,779 | 207,323 | 7,226 | 27,584 | 7,032 | 39,151 | 1,424 | ||
| Group Debtors | |||||||||||||||
| Misc Debtors | 89,160 | 89,675 | 89,160 | 90,819 | 5,859 | 17,530 | |||||||||
| Cash | 511,789 | 468,580 | 429,667 | 423,550 | 766,722 | 88,118 | 68,411 | 75,627 | 36,706 | 73,871 | 42,182 | ||||
| misc current assets | 4,598 | ||||||||||||||
| total current assets | 679,292 | 572,473 | 524,173 | 560,144 | 822,545 | 806,847 | 339,779 | 207,323 | 88,118 | 75,637 | 75,627 | 64,290 | 80,903 | 81,333 | 18,954 |
| total assets | 684,531 | 580,328 | 535,952 | 577,809 | 839,011 | 817,714 | 343,149 | 207,323 | 88,118 | 75,637 | 75,627 | 64,290 | 80,903 | 81,333 | 18,954 |
| Bank overdraft | 4,064 | 1,004 | |||||||||||||
| Bank loan | 100,603 | 100,603 | |||||||||||||
| Trade Creditors | 303,691 | 489,726 | 497,801 | 535,868 | 744,157 | 766,408 | 327,212 | 208,569 | 99,096 | 126,555 | 144,563 | 108,862 | 103,084 | 68,361 | 10,638 |
| Group/Directors Accounts | 13,344 | 12,784 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 337,228 | 73,319 | 69,554 | 69,405 | 71,732 | ||||||||||
| total current liabilities | 654,263 | 575,829 | 567,355 | 609,337 | 816,893 | 766,408 | 327,212 | 208,569 | 99,096 | 126,555 | 144,563 | 108,862 | 103,084 | 168,964 | 111,241 |
| loans | 12,784 | ||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 12,784 | ||||||||||||||
| total liabilities | 654,263 | 575,829 | 580,139 | 609,337 | 816,893 | 766,408 | 327,212 | 208,569 | 99,096 | 126,555 | 144,563 | 108,862 | 103,084 | 168,964 | 111,241 |
| net assets | 30,268 | 4,499 | -44,187 | -31,528 | 22,118 | 51,306 | 15,937 | -1,246 | -10,978 | -50,918 | -68,936 | -44,572 | -22,181 | -87,631 | -92,287 |
| total shareholders funds | 30,268 | 4,499 | -44,187 | -31,528 | 22,118 | 51,306 | 15,937 | -1,246 | -10,978 | -50,918 | -68,936 | -44,572 | -22,181 | -87,631 | -92,287 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -22,390 | 65,449 | |||||||||||||
| Depreciation | 2,616 | 3,924 | 5,886 | ||||||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -5,494 | -8,928 | 14,422 | ||||||||||||
| Debtors | 63,610 | 9,387 | -36,594 | 94,297 | -770,044 | 467,068 | 132,456 | 207,323 | -7,226 | 7,226 | -27,584 | 20,552 | -32,119 | 20,197 | 18,954 |
| Creditors | -186,035 | -8,075 | -38,067 | -208,289 | -22,251 | 439,196 | 118,643 | 109,473 | -27,459 | -18,008 | 35,701 | 5,778 | 34,723 | 57,723 | 10,638 |
| Accruals and Deferred Income | 263,909 | 3,765 | 149 | -2,327 | 71,732 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -37,164 | 132,291 | |||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | -100,603 | 100,603 | |||||||||||||
| Group/Directors Accounts | 560 | 12,784 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -12,784 | 12,784 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -1 | -100,602 | |||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 43,209 | 38,913 | 6,117 | -343,172 | 766,722 | -88,118 | 19,707 | -7,216 | 38,921 | -37,165 | 31,689 | 42,182 | |||
| overdraft | -4,064 | 3,060 | 1,004 | ||||||||||||
| change in cash | 43,209 | 38,913 | 10,181 | -346,232 | 765,718 | -88,118 | 19,707 | -7,216 | 38,921 | -37,165 | 31,689 | 42,182 |
passportscan limited Credit Report and Business Information
Passportscan Limited Competitor Analysis
Perform a competitor analysis for passportscan limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in WC2H area or any other competitors across 12 key performance metrics.
passportscan limited Ownership
PASSPORTSCAN LIMITED group structure
Passportscan Limited has no subsidiary companies.
Ultimate parent company
DM IT CONSULTING LTD
#0126837
1 parent
PASSPORTSCAN LIMITED
06589796
passportscan limited directors
Passportscan Limited currently has 2 directors. The longest serving directors include Mr Davide Palo (May 2008) and Mr Massimo Palo (Jan 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Davide Palo | England | 55 years | May 2008 | - | Director |
| Mr Massimo Palo | England | 60 years | Jan 2021 | - | Director |
P&L
December 2023turnover
1.5m
-9%
operating profit
8.4k
0%
gross margin
19.4%
+2.16%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
30.3k
+5.73%
total assets
684.5k
+0.18%
cash
511.8k
+0.09%
net assets
Total assets minus all liabilities
passportscan limited company details
company number
06589796
Type
Private limited with Share Capital
industry
46510 - Wholesale of computers, computer peripheral equipment and software
incorporation date
May 2008
age
17
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
HEARTWOOD ACCOUNTANTS LIMITED
auditor
-
address
71-75 shelton street, covent garden, london, WC2H 9JQ
Bank
-
Legal Advisor
-
passportscan 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 passportscan limited.
passportscan 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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passportscan limited Companies House Filings - See Documents
| date | description | view/download |
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