pierce assets limited
pierce assets limited Company Information
Company Number
07760297
Next Accounts
Jun 2025
Shareholders
micad systems (uk) limited
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
g32-g38 two four nine north, church street, altrincham, WA14 4DZ
Website
https://www.micad.co.ukpierce assets limited Estimated Valuation
Pomanda estimates the enterprise value of PIERCE ASSETS LIMITED at £107.9k based on a Turnover of £207.3k and 0.52x industry multiple (adjusted for size and gross margin).
pierce assets limited Estimated Valuation
Pomanda estimates the enterprise value of PIERCE ASSETS LIMITED at £0 based on an EBITDA of £0 and a 3.67x industry multiple (adjusted for size and gross margin).
pierce assets limited Estimated Valuation
Pomanda estimates the enterprise value of PIERCE ASSETS LIMITED at £0 based on Net Assets of £-74.9k and 2.29x industry multiple (adjusted for liquidity).
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Pierce Assets Limited Overview
Pierce Assets Limited is a live company located in altrincham, WA14 4DZ with a Companies House number of 07760297. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in September 2011, it's largest shareholder is micad systems (uk) limited with a 100% stake. Pierce Assets Limited is a established, micro sized company, Pomanda has estimated its turnover at £207.3k with healthy growth in recent years.
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Pierce Assets Limited Health Check
Pomanda's financial health check has awarded Pierce Assets Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
5 Weak
Size
annual sales of £207.3k, make it smaller than the average company (£1.3m)
- Pierce Assets Limited
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (6.8%)
- Pierce Assets Limited
6.8% - Industry AVG
Production
with a gross margin of 26.3%, this company has a higher cost of product (48.8%)
- Pierce Assets Limited
48.8% - Industry AVG
Profitability
There is insufficient data available for this Key Performance Indicator!
- Pierce Assets Limited
- - Industry AVG
Employees
with 1 employees, this is below the industry average (12)
- Pierce Assets Limited
12 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has an equivalent pay structure (£56.9k)
- Pierce Assets Limited
£56.9k - Industry AVG
Efficiency
resulting in sales per employee of £207.3k, this is more efficient (£126.2k)
- Pierce Assets Limited
£126.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Pierce Assets Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 179 days, this is slower than average (29 days)
- Pierce Assets Limited
29 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pierce Assets Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Pierce Assets Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37550%, this is a higher level of debt than the average (58%)
37550% - Pierce Assets Limited
58% - Industry AVG
PIERCE ASSETS LIMITED financials
Pierce Assets Limited's latest turnover from September 2023 is estimated at £207.3 thousand and the company has net assets of -£74.9 thousand. According to their latest financial statements, we estimate that Pierce Assets Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | ||||||||||||
| Interest Payable | ||||||||||||
| Interest Receivable | ||||||||||||
| Pre-Tax Profit | ||||||||||||
| Tax | ||||||||||||
| Profit After Tax | ||||||||||||
| Dividends Paid | ||||||||||||
| Retained Profit | ||||||||||||
| Employee Costs | ||||||||||||
| Number Of Employees | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 200 | 200 | 200 | 200 | 200 | 200 | ||||||
| Intangible Assets | 15,625 | 53,125 | ||||||||||
| Investments & Other | 200 | 200 | 200 | 200 | 200 | 200 | ||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 15,825 | 53,325 |
| Stock & work in progress | ||||||||||||
| Trade Debtors | ||||||||||||
| Group Debtors | ||||||||||||
| Misc Debtors | ||||||||||||
| Cash | ||||||||||||
| misc current assets | ||||||||||||
| total current assets | ||||||||||||
| total assets | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 15,825 | 53,325 |
| Bank overdraft | ||||||||||||
| Bank loan | ||||||||||||
| Trade Creditors | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 76,677 | ||
| Group/Directors Accounts | 75,624 | 75,100 | ||||||||||
| other short term finances | ||||||||||||
| hp & lease commitments | ||||||||||||
| other current liabilities | ||||||||||||
| total current liabilities | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 76,677 | 75,624 | 75,100 |
| loans | ||||||||||||
| hp & lease commitments | ||||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | ||||||||||||
| provisions | ||||||||||||
| total long term liabilities | ||||||||||||
| total liabilities | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 75,100 | 76,677 | 75,624 | 75,100 |
| net assets | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -76,477 | -59,799 | -21,775 |
| total shareholders funds | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -74,900 | -76,477 | -59,799 | -21,775 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | ||||||||||||
| Depreciation | ||||||||||||
| Amortisation | 15,625 | 37,500 | ||||||||||
| Tax | ||||||||||||
| Stock | ||||||||||||
| Debtors | ||||||||||||
| Creditors | -1,577 | 76,677 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| Deferred Taxes & Provisions | ||||||||||||
| Cash flow from operations | ||||||||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -200 | 200 | ||||||||||
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -75,624 | 524 | 75,100 | |||||||||
| Other Short Term Loans | ||||||||||||
| Long term loans | ||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||
| other long term liabilities | ||||||||||||
| share issue | ||||||||||||
| interest | ||||||||||||
| cash flow from financing | ||||||||||||
| cash and cash equivalents | ||||||||||||
| cash | ||||||||||||
| overdraft | ||||||||||||
| change in cash |
pierce assets limited Credit Report and Business Information
Pierce Assets Limited Competitor Analysis
Perform a competitor analysis for pierce assets limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in WA14 area or any other competitors across 12 key performance metrics.
pierce assets limited Ownership
PIERCE ASSETS LIMITED group structure
Pierce Assets Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
PIERCE ASSETS LIMITED
07760297
2 subsidiaries
pierce assets limited directors
Pierce Assets Limited currently has 3 directors. The longest serving directors include Mr Simon Alberga (Jun 2015) and Mr Peter Harris (Jun 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Alberga | 58 years | Jun 2015 | - | Director | |
| Mr Peter Harris | England | 51 years | Jun 2015 | - | Director |
| Mr Thomas Ledson | England | 49 years | Jun 2015 | - | Director |
P&L
September 2023turnover
207.3k
+3%
operating profit
0
0%
gross margin
26.3%
-7.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-74.9k
0%
total assets
200
0%
cash
0
0%
net assets
Total assets minus all liabilities
pierce assets limited company details
company number
07760297
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
September 2011
age
14
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
g32-g38 two four nine north, church street, altrincham, WA14 4DZ
Bank
-
Legal Advisor
-
pierce assets 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 found 2 charges/mortgages relating to pierce assets limited. Currently there are 1 open charges and 1 have been satisfied in the past.
pierce assets 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.
Click to start generating capital raising & share issue transactions for PIERCE ASSETS LIMITED. This can take several minutes, an email will notify you when this has completed.
pierce assets limited Companies House Filings - See Documents
| date | description | view/download |
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