Pomanda estimates the enterprise value of PRACTICAL SOLUTIONS MIDLANDS LIMITED at £249.2k based on a Turnover of £547.2k and 0.46x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of PRACTICAL SOLUTIONS MIDLANDS LIMITED at £0 based on an EBITDA of £-7.5k and a 3.89x industry multiple (adjusted for size and gross margin).
Pomanda estimates the enterprise value of PRACTICAL SOLUTIONS MIDLANDS LIMITED at £74.2k based on Net Assets of £29.2k and 2.54x industry multiple (adjusted for liquidity).
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Practical Solutions Midlands LimitedOverview
Practical Solutions Midlands Limited is a live company located in derby, DE3 9GS with a Companies House number of 07617741. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in April 2011, it's largest shareholder is
emily vernon
with a 50% stake. Practical Solutions Midlands Limited is a established,
small sized company, Pomanda has estimated its turnover at
£547.2k with
high
growth in recent years.
Pomanda's financial health check has awarded Practical Solutions Midlands Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating1.5out of 5
1 Strong
4 Regular
6 Weak
Size
annual sales of £547.2k, make it smaller than the average company (£871.7k)
£547.2k - Practical Solutions Midlands Limited
£871.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (8.5%)
21% - Practical Solutions Midlands Limited
8.5% - Industry AVG
Production
with a gross margin of 58.4%, this company has a comparable cost of product (58.4%)
58.4% - Practical Solutions Midlands Limited
58.4% - Industry AVG
Profitability
an operating margin of -2.8% make it less profitable than the average company (7.4%)
-2.8% - Practical Solutions Midlands Limited
7.4% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (8)
8 - Practical Solutions Midlands Limited
8 - Industry AVG
Pay Structure
on an average salary of £57.1k, the company has an equivalent pay structure (£57.1k)
£57.1k - Practical Solutions Midlands Limited
£57.1k - Industry AVG
Efficiency
resulting in sales per employee of £68.4k, this is less efficient (£132.4k)
£68.4k - Practical Solutions Midlands Limited
£132.4k - Industry AVG
Debtor Days
it gets paid by customers after 54 days, this is near the average (63 days)
54 days - Practical Solutions Midlands Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (25 days)
1 days - Practical Solutions Midlands Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Practical Solutions Midlands Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 16 weeks, this is less cash available to meet short term requirements (24 weeks)
16 weeks - Practical Solutions Midlands Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.5%, this is a higher level of debt than the average (56%)
93.5% - Practical Solutions Midlands Limited
56% - Industry AVG
PRACTICAL SOLUTIONS MIDLANDS LIMITED financials
EXPORT
Practical Solutions Midlands Limited's latest turnover from December 2023 is estimated at £547.2 thousand and the company has net assets of £29.2 thousand. According to their latest financial statements, Practical Solutions Midlands Limited has 8 employees and maintains cash reserves of £92.1 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
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Turnover
547,189
413,523
836,994
309,849
1,203,836
1,191,355
305,060
230,290
Other Income Or Grants
Cost Of Sales
227,912
172,474
343,934
122,563
477,639
433,411
112,218
87,219
Gross Profit
319,277
241,049
493,060
187,286
726,197
757,944
192,842
143,071
Admin Expenses
334,404
379,954
517,350
211,273
651,466
558,042
138,125
118,833
-780
601
Operating Profit
-15,127
-138,905
-24,290
-23,987
74,731
199,902
54,717
24,238
780
-601
Interest Payable
18,822
17,616
12,555
11,417
5,587
Interest Receivable
5,245
3,359
356
162
775
542
163
6
Pre-Tax Profit
-28,704
-153,162
-36,489
-35,242
69,919
200,443
54,880
24,244
781
-601
Tax
-13,285
-38,084
-10,427
-4,849
-180
Profit After Tax
-28,704
-153,162
-36,489
-35,242
56,634
162,359
44,453
19,395
601
-601
Dividends Paid
Retained Profit
-28,704
-153,162
-36,489
-35,242
56,634
162,359
44,453
19,395
601
-601
Employee Costs
457,177
330,062
379,229
305,627
268,905
280,403
156,685
169,194
Number Of Employees
8
6
7
6
5
5
3
3
EBITDA*
-7,525
-130,592
-16,145
-17,123
78,526
204,229
60,487
24,729
780
-601
* 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
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Tangible Assets
267,176
268,531
273,585
258,972
260,963
12,983
17,310
23,080
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
267,176
268,531
273,585
258,972
260,963
12,983
17,310
23,080
Stock & work in progress
Trade Debtors
82,406
64,997
203,654
32,015
273,888
278,274
49,560
23,370
Group Debtors
Misc Debtors
4,925
8,594
59,295
204,425
38,885
2,983
1,583
6,611
98
Cash
92,117
107,689
84,260
200,871
122,791
83,784
60,649
4,555
18
misc current assets
total current assets
179,448
181,280
347,209
437,311
435,564
365,041
111,792
34,536
116
total assets
446,624
449,811
620,794
696,283
696,527
378,024
129,102
57,616
116
Bank overdraft
24,641
18,949
21,584
11,767
Bank loan
Trade Creditors
942
14,059
19,610
22,068
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
257,527
198,010
194,616
215,242
245,063
149,346
61,961
33,601
715
total current liabilities
283,110
231,018
235,810
237,310
256,830
149,346
61,961
33,601
715
loans
132,095
158,920
171,415
208,769
153,779
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
2,171
1,921
2,455
2,601
3,073
2,467
3,289
4,616
total long term liabilities
134,266
160,841
173,870
211,370
156,852
2,467
3,289
4,616
total liabilities
417,376
391,859
409,680
448,680
413,682
151,813
65,250
38,217
715
net assets
29,248
57,952
211,114
247,603
282,845
226,211
63,852
19,399
-599
total shareholders funds
29,248
57,952
211,114
247,603
282,845
226,211
63,852
19,399
-599
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Apr 2015
Apr 2014
Apr 2013
Apr 2012
Operating Activities
Operating Profit
-15,127
-138,905
-24,290
-23,987
74,731
199,902
54,717
24,238
780
-601
Depreciation
7,602
8,313
8,145
6,864
3,795
4,327
5,770
491
Amortisation
Tax
-13,285
-38,084
-10,427
-4,849
-180
Stock
Debtors
13,740
-189,358
26,509
-76,333
31,516
230,114
21,162
29,981
-98
98
Creditors
-13,117
-5,551
-2,458
22,068
Accruals and Deferred Income
59,517
3,394
-20,626
-29,821
95,717
87,385
28,360
33,601
-715
715
Deferred Taxes & Provisions
250
-534
-146
-472
606
-822
-1,327
4,616
Cash flow from operations
25,385
56,075
-65,884
50,985
130,048
22,594
55,931
28,116
-17
16
Investing Activities
capital expenditure
-6,247
-3,259
-22,758
-4,873
-251,775
-23,571
Change in Investments
cash flow from investments
-6,247
-3,259
-22,758
-4,873
-251,775
-23,571
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-26,825
-12,495
-37,354
54,990
153,779
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4
-2
2
interest
-13,577
-14,257
-12,199
-11,255
-4,812
542
163
6
cash flow from financing
-40,402
-26,752
-49,553
43,735
148,967
542
163
10
-2
2
cash and cash equivalents
cash
-15,572
23,429
-116,611
78,080
39,007
23,135
56,094
4,555
-18
18
overdraft
5,692
-2,635
21,584
-11,767
11,767
change in cash
-21,264
26,064
-138,195
89,847
27,240
23,135
56,094
4,555
-18
18
practical solutions midlands limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for practical solutions midlands limited. Get real-time insights into practical solutions midlands limited's credit score, group structure and payment trends.
Perform a competitor analysis for practical solutions midlands limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in DE3 area or any other competitors across 12 key performance metrics.
practical solutions midlands limited Ownership
PRACTICAL SOLUTIONS MIDLANDS LIMITED group structure
Practical Solutions Midlands Limited has no subsidiary companies.
Ultimate parent company
PRACTICAL SOLUTIONS MIDLANDS LIMITED
07617741
PRACTICAL SOLUTIONS MIDLANDS LIMITED Shareholders
The largest shareholders in Practical Solutions Midlands Limited include Emily Vernon and Carl Alexander Vernon.
emily vernon
50%
carl alexander vernon
50%
practical solutions midlands limited directors
Practical Solutions Midlands Limited currently has 2 directors.
The longest serving directors include
Mr Carl Vernon (Apr 2011) and
Mrs Emily Vernon (Jan 2019).
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 2 charges/mortgages relating to practical solutions midlands limited. Currently there are 2 open charges and 0 have been satisfied in the past.
practical solutions midlands 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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practical solutions midlands limitedCompanies House Filings - See Documents
