Promep Ltd

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promep ltd Company Information

Live

EstablishedMidDeclining

Company Number

07355572

Next Accounts

Mar 2025

Industry

Other retail sale not in stores, stalls or markets

Directors

Russell Clarke

Danny Tasker

Shareholders

russel clarke

deborah moore

Group Structure

View All

Contact

Registered Address

one bell lane, lewes, east sussex, BN7 1JU

Website

www.promep.co.uk

promep ltd Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of PROMEP LTD at £6.8m based on an EBITDA of £1.5m and a 4.52x industry multiple (adjusted for size and gross margin).

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Promep Ltd is a live company located in east sussex, BN7 1JU with a Companies House number of 07355572. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in August 2010, it's largest shareholder is russel clarke with a 60% stake. Promep Ltd is a established, mid sized company, Pomanda has estimated its turnover at £7m with declining growth in recent years.

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Pomanda's financial health check has awarded Promep Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £7m, make it larger than the average company (£1.4m)

Growth

3 year (CAGR) sales growth of -42%, show it is growing at a slower rate (6.6%)

EXPORT

Promep Ltd's latest turnover from June 2023 is estimated at £7 million and the company has net assets of £834.7 thousand. According to their latest financial statements, Promep Ltd has 6 employees and maintains cash reserves of £157.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Turnover	6,958,135	774,771	29,181,780	34,938,823	32,240,365	13,904,915	5,085,844	7,351,536	1,761,091	1,627,459	2,127,591	3,043,231	416,121
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,735,277	528,725	28,632,295	36,025,144	21,472,407	9,317,569	3,352,646	4,715,491	1,172,678	1,074,978	1,408,597	1,975,128	266,663
Gross Profit	2,222,858	246,046	549,485	-1,086,321	10,767,958	4,587,346	1,733,198	2,636,045	588,413	552,481	718,995	1,068,103	149,459
Admin Expenses	719,608	839,750	-284,174	826,696	10,137,724	4,667,755	1,263,761	1,943,568	535,913	250,015	766,200	1,122,226	200,273
Operating Profit	1,503,250	-593,704	833,659	-1,913,017	630,234	-80,409	469,437	692,477	52,500	302,466	-47,205	-54,123	-50,814
Interest Payable	0	0	0	0	1,697	1,634	0	0	8,411	0	0	0	0
Interest Receivable	4,291	1,705	12	375	8,362	3,554	558	198	166	63	24	18	8
Pre-Tax Profit	1,507,541	-591,999	833,671	-1,912,642	636,899	-78,489	469,995	692,675	44,254	302,529	-47,181	-54,105	-50,806
Tax	-376,885	0	-22,115	303,652	-121,011	0	-89,299	-138,535	-9,293	-69,582	0	0	0
Profit After Tax	1,130,656	-591,999	811,556	-1,608,990	515,888	-78,489	380,696	554,140	34,961	232,947	-47,181	-54,105	-50,806
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,130,656	-591,999	811,556	-1,608,990	515,888	-78,489	380,696	554,140	34,961	232,947	-47,181	-54,105	-50,806
Employee Costs	207,977	198,582	1,771,931	1,898,602	839,237	699,061	527,232	632,608	97,920	248,349	316,452	376,561	85,638
Number Of Employees	6	6	26	26	26	22	18	20	3	8	10	13	3
EBITDA*	1,505,175	-591,913	840,406	-1,886,150	668,187	-47,653	488,546	706,495	54,269	302,855	-47,077	-54,062	-50,747

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Tangible Assets	10,446	5,371	20,238	80,597	113,848	98,269	98,565	37,314	10,435	5,954	386	514	575
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	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	10,446	5,371	20,238	80,597	113,848	98,269	98,565	37,314	10,435	5,954	386	514	575
Stock & work in progress	0	0	0	0	0	0	0	1,306,166	398,964	0	0	0	55,215
Trade Debtors	1,179,855	0	632,173	6,248,423	6,211,676	2,980,172	922,603	1,161,262	229,623	202,904	191,959	274,832	22,924
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	305,784	146,982	695,389	877,968	1,143,582	130	845,279	69,459	1,611	0	0	0	0
Cash	157,774	13,872	258,960	1,606,611	1,174,956	1,054,908	366,855	79,333	60,837	19,539	5,522	3,914	3,397
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,643,413	160,854	1,586,522	8,733,002	8,530,214	4,035,210	2,134,737	2,616,220	691,035	222,443	197,481	278,746	81,536
total assets	1,653,859	166,225	1,606,760	8,813,599	8,644,062	4,133,479	2,233,302	2,653,534	701,470	228,397	197,867	279,260	82,111
Bank overdraft	0	0	0	0	0	50,290	0	0	258,802	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	612,848	71,882	1,095,923	6,560,203	3,923,216	1,163,666	325,393	820,112	305,111	146,226	349,881	384,067	132,801
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	206,344	311,014	179,169	2,721,191	3,330,282	2,048,102	968,666	1,275,797	252,476	0	0	0	0
total current liabilities	819,192	382,896	1,275,092	9,281,394	7,253,498	3,262,058	1,294,059	2,095,909	816,389	146,226	349,881	384,067	132,801
loans	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
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	0	0	0	0	0	0
provisions	0	0	0	12,093	18,204	14,949	4,282	3,360	2,087	1,191	77	103	115
total long term liabilities	0	0	0	12,093	18,204	14,949	4,282	3,360	2,087	1,191	77	103	115
total liabilities	819,192	382,896	1,275,092	9,293,487	7,271,702	3,277,007	1,298,341	2,099,269	818,476	147,417	349,958	384,170	132,916
net assets	834,667	-216,671	331,668	-479,888	1,372,360	856,472	934,961	554,265	-117,006	80,980	-152,091	-104,910	-50,805
total shareholders funds	834,667	-216,671	331,668	-479,888	1,372,360	856,472	934,961	554,265	-117,006	80,980	-152,091	-104,910	-50,805

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Dec 2014	Mar 2014	Mar 2013	Mar 2012	Mar 2011
Operating Activities
Operating Profit	1,503,250	-593,704	833,659	-1,913,017	630,234	-80,409	469,437	692,477	52,500	302,466	-47,205	-54,123	-50,814
Depreciation	1,925	1,791	6,747	26,867	37,953	32,756	19,109	14,018	1,769	389	128	61	67
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-376,885	0	-22,115	303,652	-121,011	0	-89,299	-138,535	-9,293	-69,582	0	0	0
Stock	0	0	0	0	0	0	-1,306,166	1,306,166	398,964	0	0	-55,215	55,215
Debtors	1,338,657	-1,180,580	-5,798,829	-228,867	4,374,956	1,212,420	537,161	1,230,721	39,275	10,945	-82,873	251,908	22,924
Creditors	540,966	-1,024,041	-5,464,280	2,636,987	2,759,550	838,273	-494,719	820,112	-44,770	-203,655	-34,186	251,266	132,801
Accruals and Deferred Income	-104,670	131,845	-2,542,022	-609,091	1,282,180	1,079,436	-307,131	1,275,797	252,476	0	0	0	0
Deferred Taxes & Provisions	0	0	-12,093	-6,111	3,255	10,667	922	3,360	2,010	1,114	-26	-12	115
Cash flow from operations	225,929	-303,529	-1,401,275	668,154	217,205	668,303	367,324	130,342	-183,547	19,787	1,584	499	4,030
Investing Activities
capital expenditure	-7,000	13,076	0	2,139	-53,532	-32,460	-80,360	-51,332	-11,818	-5,957	0	0	-642
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-7,000	13,076	0	2,139	-53,532	-32,460	-80,360	-51,332	-11,818	-5,957	0	0	-642
Financing Activities
Bank loans	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
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	0	0	0	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	0	0	0	0	0	0	0
share issue	-79,318	43,660	0	-243,258	0	0	0	125	124	124	0	0	1
interest	4,291	1,705	12	375	6,665	1,920	558	198	-8,245	63	24	18	8
cash flow from financing	-75,027	45,365	12	-242,883	6,665	1,920	558	323	-8,121	187	24	18	9
cash and cash equivalents
cash	143,902	-245,088	-1,347,651	431,655	120,048	688,053	287,522	79,333	55,315	14,017	1,608	517	3,397
overdraft	0	0	0	0	-50,290	50,290	0	0	258,802	0	0	0	0
change in cash	143,902	-245,088	-1,347,651	431,655	170,338	637,763	287,522	79,333	-203,487	14,017	1,608	517	3,397

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for promep ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in BN7 area or any other competitors across 12 key performance metrics.

PROMEP LTD group structure

Promep Ltd has no subsidiary companies.

Ultimate parent company

PROMEP LTD

07355572

PROMEP LTD Shareholders

russel clarke	60%
deborah moore	40%

Promep Ltd currently has 2 directors. The longest serving directors include Mr Russell Clarke (Oct 2010) and Mr Danny Tasker (Jan 2016).

officer	country	age	start	end	role
Mr Russell Clarke	United Kingdom	64 years	Oct 2010	-	Director
Mr Danny Tasker	United Kingdom	47 years	Jan 2016	-	Director

P&L

June 2023

turnover

+798%

operating profit

1.5m

gross margin

32%

+0.59%

turnover

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

Balance Sheet

June 2023

net assets

834.7k

-4.85%

total assets

1.7m

+8.95%

cash

157.8k

+10.37%

net assets

Total assets minus all liabilities

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company number

07355572

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

August 2010

ultimate parent company

None

previous names

techfire limited (December 2014)

address

one bell lane, lewes, east sussex, BN7 1JU

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promep ltd Company Information

promep ltd Estimated Valuation

promep ltd Estimated Valuation

promep ltd Estimated Valuation

Promep Ltd Overview

Promep Ltd Health Check

PROMEP LTD financials

promep ltd Credit Report and Business Information

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