Plus-project Ltd

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plus-project ltd Company Information

Live

EstablishedMidRapid

Company Number

07632617

Next Accounts

Mar 2025

Industry

Computer consultancy activities

Other information service activities n.e.c.

Directors

Michael Wall

Alison Wall

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Shareholders

plus-project eot ltd

michael wall

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Group Structure

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Contact

Registered Address

suite l3ca no 1 booths park, chelford road, knutsford, WA16 8GS

Website

projectplusltd.co.uk

plus-project ltd Estimated Valuation

£6.2m

Pomanda estimates the enterprise value of PLUS-PROJECT LTD at £6.2m based on a Turnover of £6.6m and 0.94x industry multiple (adjusted for size and gross margin).

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Plus-project Ltd is a live company located in knutsford, WA16 8GS with a Companies House number of 07632617. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in May 2011, it's largest shareholder is plus-project eot ltd with a 67.5% stake. Plus-project Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.6m with rapid growth in recent years.

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Pomanda's financial health check has awarded Plus-Project Ltd a 4 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 Rating4out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £6.6m, make it larger than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (6.7%)

EXPORT

Plus-Project Ltd's latest turnover from June 2023 is estimated at £6.6 million and the company has net assets of £1.4 million. According to their latest financial statements, Plus-Project Ltd has 51 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012
Turnover	6,630,726	5,377,376	3,882,857	1,700,351	2,179,105	1,754,621	927,956	1,097,316	710,051	967,351	648,630	36,736
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,934,057	2,400,380	1,653,476	719,925	958,970	707,972	352,364	425,457	269,964	358,495	244,290	13,822
Gross Profit	3,696,669	2,976,997	2,229,381	980,427	1,220,135	1,046,649	575,593	671,859	440,087	608,856	404,340	22,914
Admin Expenses	2,995,304	2,453,417	2,494,195	1,269,947	905,453	606,081	295,094	529,263	471,835	472,570	411,133	26,700
Operating Profit	701,365	523,580	-264,814	-289,520	314,682	440,568	280,499	142,596	-31,748	136,286	-6,793	-3,786
Interest Payable	25,707	44,130	22,875	0	0	0	0	0	0	0	0	0
Interest Receivable	71,803	12,720	604	652	4,196	1,516	559	919	603	256	74	21
Pre-Tax Profit	747,461	492,169	-287,085	-288,868	318,878	442,084	281,058	143,515	-31,145	136,542	-6,719	-3,765
Tax	-186,865	-93,512	0	0	-60,587	-83,996	-53,401	-28,703	0	-28,674	0	0
Profit After Tax	560,596	398,657	-287,085	-288,868	258,291	358,088	227,657	114,812	-31,145	107,868	-6,719	-3,765
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	560,596	398,657	-287,085	-288,868	258,291	358,088	227,657	114,812	-31,145	107,868	-6,719	-3,765
Employee Costs	2,234,299	1,663,402	835,786	364,964	430,216	355,326	310,114	705,303	450,940	655,987	433,530	39,238
Number Of Employees	51	41	22	10	11	9	8	17	11	16	11	1
EBITDA*	724,931	538,410	-257,928	-286,437	317,176	441,994	282,322	142,596	-30,751	136,998	-6,579	-3,656

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012
Tangible Assets	53,518	53,569	50,656	15,310	13,390	4,277	5,471	5,767	4,993	2,137	644	389
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	53,518	53,569	50,656	15,310	13,390	4,277	5,471	5,767	4,993	2,137	644	389
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	160
Trade Debtors	1,285,752	1,097,791	837,201	393,158	423,134	342,483	158,416	144,892	82,235	124,383	76,385	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	294,738	41,343	561,946	200,679	187,552	200,583	125,922	0	0	0	0	0
Cash	1,493,643	1,378,473	656,724	551,853	752,233	366,758	239,783	207,493	160,129	81,079	21,192	8,477
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,074,133	2,517,607	2,055,871	1,145,690	1,362,919	909,824	524,121	352,385	242,364	205,462	97,577	8,637
total assets	3,127,651	2,571,176	2,106,527	1,161,000	1,376,309	914,101	529,592	358,152	247,357	207,599	98,221	9,026
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	280,000	37,500	0	0	0	0	0	0	0	0	0
Trade Creditors	202,004	165,368	85,752	1,879	0	0	0	176,901	180,019	109,588	108,476	12,691
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	1,511,884	1,090,379	814,830	421,036	346,615	146,292	119,590	0	0	0	0	0
total current liabilities	1,713,888	1,535,747	938,082	422,915	346,615	146,292	119,590	176,901	180,019	109,588	108,476	12,691
loans	0	187,392	712,500	0	0	0	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0
provisions	5,176	46	6,611	1,666	4,407	813	1,094	0	899	427	129	0
total long term liabilities	5,176	187,438	719,111	1,666	4,407	813	1,094	0	899	427	129	0
total liabilities	1,719,064	1,723,185	1,657,193	424,581	351,022	147,105	120,684	176,901	180,918	110,015	108,605	12,691
net assets	1,408,587	847,991	449,334	736,419	1,025,287	766,996	408,908	181,251	66,439	97,584	-10,384	-3,665
total shareholders funds	1,408,587	847,991	449,334	736,419	1,025,287	766,996	408,908	181,251	66,439	97,584	-10,384	-3,665

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012
Operating Activities
Operating Profit	701,365	523,580	-264,814	-289,520	314,682	440,568	280,499	142,596	-31,748	136,286	-6,793	-3,786
Depreciation	23,566	14,830	6,886	3,083	2,494	1,426	1,823	0	997	712	214	130
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-186,865	-93,512	0	0	-60,587	-83,996	-53,401	-28,703	0	-28,674	0	0
Stock	0	0	0	0	0	0	0	0	0	0	-160	160
Debtors	441,356	-260,013	805,310	-16,849	67,620	258,728	139,446	62,657	-42,148	47,998	76,385	0
Creditors	36,636	79,616	83,873	1,879	0	0	-176,901	-3,118	70,431	1,112	95,785	12,691
Accruals and Deferred Income	421,505	275,549	393,794	74,421	200,323	26,702	119,590	0	0	0	0	0
Deferred Taxes & Provisions	5,130	-6,565	4,945	-2,741	3,594	-281	1,094	-899	472	298	129	0
Cash flow from operations	559,981	1,053,511	-580,626	-196,029	392,886	125,691	33,258	47,219	82,300	61,736	13,110	8,875
Investing Activities
capital expenditure	-23,515	-17,743	-42,232	-5,003	-11,607	-232	-1,527	-774	-3,853	-2,205	-469	-519
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-23,515	-17,743	-42,232	-5,003	-11,607	-232	-1,527	-774	-3,853	-2,205	-469	-519
Financing Activities
Bank loans	-280,000	242,500	37,500	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	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
Long term loans	-187,392	-525,108	712,500	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100	0	100
interest	46,096	-31,410	-22,271	652	4,196	1,516	559	919	603	256	74	21
cash flow from financing	-421,296	-314,018	727,729	652	4,196	1,516	559	919	603	356	74	121
cash and cash equivalents
cash	115,170	721,749	104,871	-200,380	385,475	126,975	32,290	47,364	79,050	59,887	12,715	8,477
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	115,170	721,749	104,871	-200,380	385,475	126,975	32,290	47,364	79,050	59,887	12,715	8,477

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PLUS-PROJECT LTD group structure

Plus-Project Ltd has no subsidiary companies.

Ultimate parent company

PLUS-PROJECT LTD

07632617

PLUS-PROJECT LTD Shareholders

plus-project eot ltd	67.5%
michael wall	15%
alison wall	15%
philip rowe	2.5%

Plus-Project Ltd currently has 3 directors. The longest serving directors include Mr Michael Wall (May 2011) and Mrs Alison Wall (Feb 2014).

officer	country	age	start	end	role
Mr Michael Wall	England	54 years	May 2011	-	Director
Mrs Alison Wall	England	52 years	Feb 2014	-	Director
Mr Philip Rowe	England	40 years	Feb 2022	-	Director

P&L

June 2023

turnover

6.6m

+23%

operating profit

701.4k

gross margin

55.8%

+0.7%

turnover

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

Balance Sheet

June 2023

net assets

1.4m

+0.66%

total assets

3.1m

+0.22%

cash

1.5m

+0.08%

net assets

Total assets minus all liabilities

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company number

07632617

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

63990 - Other information service activities n.e.c.

incorporation date

May 2011

ultimate parent company

None

previous names

pharma analytics ltd (April 2014)

address

suite l3ca no 1 booths park, chelford road, knutsford, WA16 8GS

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 plus-project ltd. Currently there are 1 open charges and 1 have been satisfied in the past.

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plus-project ltd Company Information

plus-project ltd Estimated Valuation

plus-project ltd Estimated Valuation

plus-project ltd Estimated Valuation

Plus-project Ltd Overview

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PLUS-PROJECT LTD financials

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plus-project ltd Ownership

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