Primeseal Roofing Limited

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primeseal roofing limited Company Information

Live

EstablishedSmallHealthy

Company Number

07986509

Website

Registered Address

brooke house stockfield road, chadderton, oldham, lancashire, OL9 9HD

Industry

Roofing activities

Telephone

01614066002

Next Accounts Due

December 2024

Group Structure

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Directors

Stephen Reynolds12 Years

Michael Gamble1 Years

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Shareholders

urban prime group limited 90%

neil broni 10%

primeseal roofing limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of PRIMESEAL ROOFING LIMITED at £2.1m based on a Turnover of £4.4m and 0.47x industry multiple (adjusted for size and gross margin).

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Primeseal Roofing Limited is a live company located in oldham, OL9 9HD with a Companies House number of 07986509. It operates in the roofing activities sector, SIC Code 43910. Founded in March 2012, it's largest shareholder is urban prime group limited with a 90% stake. Primeseal Roofing Limited is a established, small sized company, Pomanda has estimated its turnover at £4.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Primeseal Roofing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

4 Regular

2 Weak

Size

annual sales of £4.4m, make it larger than the average company (£634.7k)

Growth

3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (6.8%)

EXPORT

Primeseal Roofing Limited's latest turnover from March 2023 is estimated at £4.4 million and the company has net assets of £650.2 thousand. According to their latest financial statements, Primeseal Roofing Limited has 8 employees and maintains cash reserves of £483.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Turnover	4,449,995	2,784,486	2,741,675	3,185,519	2,648,006	3,468,281	2,283,586	1,753,400	891,490	545,300	547,433
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,268,044	1,978,838	1,973,900	2,287,629	1,897,064	2,549,678	1,680,501	1,280,628	650,270	391,857	374,372
Gross Profit	1,181,950	805,648	767,775	897,889	750,942	918,603	603,085	472,772	241,220	153,443	173,060
Admin Expenses	1,025,705	816,829	826,414	453,741	732,036	858,086	505,976	427,332	209,900	87,839	167,458
Operating Profit	156,245	-11,181	-58,639	444,148	18,906	60,517	97,109	45,440	31,320	65,604	5,602
Interest Payable	24,909	19,768	9,150	0	0	0	0	0	114	114	0
Interest Receivable	14,673	2,299	249	52	52	94	91	201	171	116	56
Pre-Tax Profit	146,010	-28,649	-67,540	444,200	18,958	60,611	97,200	45,641	31,377	65,606	5,658
Tax	-27,742	0	0	-84,398	-3,602	-11,516	-19,440	-9,128	-6,589	-15,089	-1,358
Profit After Tax	118,268	-28,649	-67,540	359,802	15,356	49,095	77,760	36,513	24,788	50,517	4,300
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	118,268	-28,649	-67,540	359,802	15,356	49,095	77,760	36,513	24,788	50,517	4,300
Employee Costs	288,983	266,476	273,304	521,510	508,335	438,080	369,119	431,034	138,815	98,334	98,856
Number Of Employees	8	8	8	14	14	14	11	12	4	3	3
EBITDA*	185,528	11,834	-32,232	455,092	28,016	71,605	111,991	63,905	38,965	72,056	14,697

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Tangible Assets	149,316	69,045	79,224	37,434	27,348	33,273	44,361	55,541	9,816	6,231	8,308
Intangible Assets	0	0	0	0	0	0	0	0	4,375	8,750	13,125
Investments & Other	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	396,682	0	0	0	0	0
Total Fixed Assets	149,316	69,045	79,224	37,434	27,348	429,955	44,361	55,541	14,191	14,981	21,433
Stock & work in progress	65,000	400,000	275,485	5,000	323,500	295,505	155,062	107,477	31,000	1,981	1,981
Trade Debtors	918,741	596,380	519,164	957,738	233,757	0	323,429	203,980	136,260	124,817	85,121
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	321,837	201,856	138,388	13,420	36,770	0	29,943	17,803	0	0	0
Cash	483,577	206,925	406,234	92,039	12,732	1,039	36,611	36,187	44,157	24,145	22,252
misc current assets	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,789,155	1,405,161	1,339,271	1,068,197	606,759	296,544	545,045	365,447	211,417	150,943	109,354
total assets	1,938,471	1,474,206	1,418,495	1,105,631	634,107	726,499	589,406	420,988	225,608	165,924	130,787
Bank overdraft	87,031	87,031	12,500	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	3,500	0
Trade Creditors	944,135	370,492	460,672	308,674	243,348	463,329	242,074	159,146	133,624	91,507	120,287
Group/Directors Accounts	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
hp & lease commitments	0	0	4,305	0	0	0	0	0	2,379	3,263	0
other current liabilities	130,135	259,472	60,098	162,126	117,738	0	117,643	104,144	0	0	0
total current liabilities	1,161,301	716,995	537,575	470,800	361,086	463,329	359,717	263,290	136,003	98,270	120,287
loans	113,283	198,679	287,500	0	0	0	0	0	0	0	0
hp & lease commitments	4,130	13,471	17,776	0	0	0	0	31,580	0	2,837	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	3,875	17,728	0	0	0	6,100
provisions	9,547	13,119	15,053	6,700	4,692	6,322	8,083	0	0	0	0
total long term liabilities	126,960	225,269	320,329	6,700	4,692	10,197	25,811	31,580	0	2,837	6,100
total liabilities	1,288,261	942,264	857,904	477,500	365,778	473,526	385,528	294,870	136,003	101,107	126,387
net assets	650,210	531,942	560,591	628,131	268,329	252,973	203,878	126,118	89,605	64,817	4,400
total shareholders funds	650,210	531,942	560,591	628,131	268,329	252,973	203,878	126,118	89,605	64,817	4,400

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013
Operating Activities
Operating Profit	156,245	-11,181	-58,639	444,148	18,906	60,517	97,109	45,440	31,320	65,604	5,602
Depreciation	29,283	23,015	26,407	10,944	9,110	11,088	14,882	14,090	3,270	2,077	4,720
Amortisation	0	0	0	0	0	0	0	4,375	4,375	4,375	4,375
Tax	-27,742	0	0	-84,398	-3,602	-11,516	-19,440	-9,128	-6,589	-15,089	-1,358
Stock	-335,000	124,515	270,485	-318,500	27,995	140,443	47,585	76,477	29,019	0	1,981
Debtors	442,342	140,684	-313,606	700,631	-126,155	43,310	131,589	85,523	11,443	39,696	85,121
Creditors	573,643	-90,180	151,998	65,326	-219,981	221,255	82,928	25,522	42,117	-28,780	120,287
Accruals and Deferred Income	-129,337	199,374	-102,028	44,388	117,738	-117,643	13,499	104,144	0	0	0
Deferred Taxes & Provisions	-3,572	-1,934	8,353	2,008	-1,630	-1,761	8,083	0	0	0	0
Cash flow from operations	491,178	-146,105	69,212	100,285	18,701	-21,813	17,887	22,443	34,031	-11,509	46,524
Investing Activities
capital expenditure	-109,554	-12,836	-68,197	-21,030	-3,185	0	-3,702	-59,815	-6,855	0	-30,528
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-109,554	-12,836	-68,197	-21,030	-3,185	0	-3,702	-59,815	-6,855	0	-30,528
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	-3,500	3,500	0
Group/Directors Accounts	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
Long term loans	-85,396	-88,821	287,500	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-9,341	-8,610	22,081	0	0	0	-31,580	29,201	-3,721	6,100	0
other long term liabilities	0	0	0	0	-3,875	-13,853	17,728	0	0	-6,100	6,100
share issue	0	0	0	0	0	0	0	0	0	9,900	100
interest	-10,236	-17,469	-8,901	52	52	94	91	201	57	2	56
cash flow from financing	-104,973	-114,900	300,680	52	-3,823	-13,759	-13,761	29,402	-7,164	13,402	6,256
cash and cash equivalents
cash	276,652	-199,309	314,195	79,307	11,693	-35,572	424	-7,970	20,012	1,893	22,252
overdraft	0	74,531	12,500	0	0	0	0	0	0	0	0
change in cash	276,652	-273,840	301,695	79,307	11,693	-35,572	424	-7,970	20,012	1,893	22,252

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PRIMESEAL ROOFING LIMITED group structure

Primeseal Roofing Limited has no subsidiary companies.

Ultimate parent company

URBAN PRIME GROUP LIMITED

13115351

1 parent

PRIMESEAL ROOFING LIMITED

07986509

PRIMESEAL ROOFING LIMITED Shareholders

urban prime group limited	90%
neil broni	10%

Primeseal Roofing Limited currently has 3 directors. The longest serving directors include Mr Stephen Reynolds (Mar 2012) and Mr Michael Gamble (Nov 2022).

officer	country	age	start	end	role
Mr Stephen Reynolds	United Kingdom	45 years	Mar 2012	-	Director
Mr Michael Gamble	England	44 years	Nov 2022	-	Director
Mr Neil Broni	England	36 years	Jul 2023	-	Director

P&L

March 2023

turnover

4.4m

+60%

operating profit

156.2k

gross margin

26.6%

-8.2%

turnover

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

Balance Sheet

March 2023

net assets

650.2k

+0.22%

total assets

1.9m

+0.31%

cash

483.6k

+1.34%

net assets

Total assets minus all liabilities

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company number

07986509

Type

Private limited with Share Capital

industry

43910 - Roofing activities

incorporation date

March 2012

age

accounts

Total Exemption Full

ultimate parent company

URBAN PRIME GROUP LIMITED

previous names

N/A

incorporated

address

brooke house stockfield road, chadderton, oldham, lancashire, OL9 9HD

last accounts submitted

March 2023

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 did not find charges/mortgages relating to primeseal roofing limited.

primeseal roofing limited Company Information

primeseal roofing limited Estimated Valuation

primeseal roofing limited Estimated Valuation

primeseal roofing limited Estimated Valuation

Primeseal Roofing Limited Overview

Primeseal Roofing Limited Health Check

PRIMESEAL ROOFING LIMITED financials

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primeseal roofing limited Ownership

primeseal roofing limited directors

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