Providence Solutions Limited

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providence solutions limited Company Information

Live

EstablishedSmallHigh

Company Number

07290497

Website

www.prvdsolutions.com

Registered Address

suite 1, 7th floor 50 broadway, london, SW1H 0BL

Industry

Computer consultancy activities

Telephone

Next Accounts Due

16 days late

Group Structure

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Directors

Ralph Karam11 Years

Shareholders

mr ralph karam 99.9%

providence wealth corporation ltd 0.1%

providence solutions limited Estimated Valuation

£869.2k

Pomanda estimates the enterprise value of PROVIDENCE SOLUTIONS LIMITED at £869.2k based on a Turnover of £1.6m and 0.55x industry multiple (adjusted for size and gross margin).

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Providence Solutions Limited is a live company located in london, SW1H 0BL with a Companies House number of 07290497. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in June 2010, it's largest shareholder is mr ralph karam with a 99.9% stake. Providence Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with high growth in recent years.

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Pomanda's financial health check has awarded Providence Solutions Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.6m, make it in line with the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.4%)

EXPORT

Providence Solutions Limited's latest turnover from December 2022 is estimated at £1.6 million and the company has net assets of -£1.8 million. According to their latest financial statements, Providence Solutions Limited has 4 employees and maintains cash reserves of £7.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2012	Jun 2011
Turnover	1,583,445	566,018	288,230	760,514	1,710,478	798,024	505,480	632,825	93,598	129,730	489,056	571,701	4,739
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,160,189	419,382	211,619	551,913	1,238,031	571,674	351,978	444,424	66,086	89,538	332,467	370,760	3,173
Gross Profit	423,256	146,636	76,611	208,602	472,447	226,350	153,502	188,401	27,512	40,192	156,589	200,941	1,566
Admin Expenses	710,114	510,541	706,171	4,722	-510,716	710,950	765,074	202,939	262,689	219,060	273,127	254,400	36,150
Operating Profit	-286,858	-363,905	-629,560	203,880	983,163	-484,600	-611,572	-14,538	-235,177	-178,868	-116,538	-53,459	-34,584
Interest Payable	0	0	0	0	0	0	0	0	6,500	13,128	6,628	0	0
Interest Receivable	429	25	21	275	398	315	145	321	310	227	131	76	49
Pre-Tax Profit	-286,429	-363,880	-629,539	204,156	983,562	-484,285	-611,427	-14,217	-241,367	-191,769	-123,034	-53,383	-34,535
Tax	0	0	0	-38,790	-186,877	0	0	0	0	0	0	0	0
Profit After Tax	-286,429	-363,880	-629,539	165,366	796,685	-484,285	-611,427	-14,217	-241,367	-191,769	-123,034	-53,383	-34,535
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-286,429	-363,880	-629,539	165,366	796,685	-484,285	-611,427	-14,217	-241,367	-191,769	-123,034	-53,383	-34,535
Employee Costs	225,264	214,951	247,720	261,818	290,711	266,990	236,163	294,126	58,960	56,908	168,075	164,637	53,701
Number Of Employees	4	4	5	5	5	5	4	5	1	1	3	3	1
EBITDA*	-286,514	-362,451	-628,106	205,334	1,050,499	-483,017	-609,003	-11,680	-233,825	-178,502	-116,461	-53,459	-34,584

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2012	Jun 2011
Tangible Assets	2,133	0	1,454	2,908	269,343	0	1,583	4,152	3,341	1,196	841	0	0
Intangible Assets	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
Debtors (Due After 1 year)	0	1,000	1,000	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	2,133	1,000	2,454	2,908	269,343	0	1,583	4,152	3,341	1,196	841	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	301,449	293,124	73,977	429,568	1,078,671	480,553	159,993	209,747	17,226	32,587	128,867	151,221	0
Group Debtors	0	0	180,000	180,000	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	49,678	0	38,056	33,994	23,067	0	0	0	0	0	0
Cash	7,530	16,991	2,959	40,005	33,395	72,843	53,166	62,630	65,947	57,996	32,795	10,734	19,679
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	308,979	310,115	306,614	649,573	1,150,122	587,390	236,226	272,377	83,173	90,583	161,662	161,955	19,679
total assets	311,112	311,115	309,068	652,481	1,419,465	587,390	237,809	276,529	86,514	91,779	162,503	161,955	19,679
Bank overdraft	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
Trade Creditors	2,128,443	2,678	151,965	2,678	10,161	37,330	241,402	98,546	76,119	40,017	116,048	96,907	3,281
Group/Directors Accounts	0	1,425,376	871,886	702,379	1,626,642	1,636,901	600,000	150,000	0	0	0	0	0
other short term finances	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
other current liabilities	0	413,963	452,239	484,907	485,511	412,693	411,340	30,975	0	0	0	0	0
total current liabilities	2,128,443	1,842,017	1,476,090	1,189,964	2,122,314	2,086,924	1,252,742	279,521	76,119	40,017	116,048	96,907	3,281
loans	0	0	0	0	0	0	0	0	0	200,000	203,924	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	400,000	400,000	0	0	152,866	50,833
provisions	0	0	0	0	0	0	316	830	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	316	400,830	400,000	200,000	203,924	152,866	50,833
total liabilities	2,128,443	1,842,017	1,476,090	1,189,964	2,122,314	2,086,924	1,253,058	680,351	476,119	240,017	319,972	249,773	54,114
net assets	-1,817,331	-1,530,902	-1,167,022	-537,483	-702,849	-1,499,534	-1,015,249	-403,822	-389,605	-148,238	-157,469	-87,818	-34,435
total shareholders funds	-1,817,331	-1,530,902	-1,167,022	-537,483	-702,849	-1,499,534	-1,015,249	-403,822	-389,605	-148,238	-157,469	-87,818	-34,435

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Jun 2012	Jun 2011
Operating Activities
Operating Profit	-286,858	-363,905	-629,560	203,880	983,163	-484,600	-611,572	-14,538	-235,177	-178,868	-116,538	-53,459	-34,584
Depreciation	344	1,454	1,454	1,454	67,336	1,583	2,569	2,858	1,352	366	77	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-38,790	-186,877	0	0	0	0	0	0	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	7,325	-10,531	-304,913	-507,159	602,180	331,487	-26,687	192,521	-15,361	-96,280	128,867	151,221	0
Creditors	2,125,765	-149,287	149,287	-7,483	-27,169	-204,072	142,856	22,427	36,102	-76,031	112,767	93,626	3,281
Accruals and Deferred Income	-413,963	-38,276	-32,668	-604	72,818	1,353	380,365	30,975	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-316	-514	830	0	0	0	0	0
Cash flow from operations	1,417,963	-539,483	-206,574	665,616	307,091	-1,017,539	-59,609	-149,969	-182,362	-158,253	-132,561	-111,054	-31,303
Investing Activities
capital expenditure	-2,477	0	0	264,981	-336,679	0	0	-3,669	-3,497	-721	-918	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,477	0	0	264,981	-336,679	0	0	-3,669	-3,497	-721	-918	0	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,425,376	553,490	169,507	-924,263	-10,259	1,036,901	450,000	150,000	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	-200,000	-3,924	203,924	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-400,000	0	400,000	0	-50,833	102,033	50,833
share issue	0	0	0	0	0	0	0	0	0	201,000	0	0	100
interest	429	25	21	275	398	315	145	321	-6,190	-12,901	-6,497	76	49
cash flow from financing	-1,424,947	553,515	169,528	-923,988	-9,861	1,037,216	50,145	150,321	193,810	184,175	146,594	102,109	50,982
cash and cash equivalents
cash	-9,461	14,032	-37,046	6,610	-39,448	19,677	-9,464	-3,317	7,951	25,201	13,116	-8,945	19,679
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-9,461	14,032	-37,046	6,610	-39,448	19,677	-9,464	-3,317	7,951	25,201	13,116	-8,945	19,679

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PROVIDENCE SOLUTIONS LIMITED group structure

Providence Solutions Limited has no subsidiary companies.

Ultimate parent company

PROVIDENCE WEALTH CORPORATION LIMITED

07060543

1 parent

PROVIDENCE SOLUTIONS LIMITED

07290497

PROVIDENCE SOLUTIONS LIMITED Shareholders

mr ralph karam	99.9%
providence wealth corporation ltd	0.1%

Providence Solutions Limited currently has 1 director, Mr Ralph Karam serving since Apr 2013.

officer	country	age	start	end	role
Mr Ralph Karam	United Kingdom	46 years	Apr 2013	-	Director

P&L

December 2022

turnover

1.6m

+180%

operating profit

-286.9k

gross margin

26.8%

+3.18%

turnover

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

Balance Sheet

December 2022

net assets

-1.8m

+0.19%

total assets

311.1k

cash

7.5k

-0.56%

net assets

Total assets minus all liabilities

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company number

07290497

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

June 2010

ultimate parent company

PROVIDENCE WEALTH CORPORATION LIMITED

previous names

N/A

address

suite 1, 7th floor 50 broadway, london, SW1H 0BL

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providence solutions limited Company Information

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providence solutions limited Estimated Valuation

providence solutions limited Estimated Valuation

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