prodrive ventures limited
prodrive ventures limited Company Information
Company Number
08115343
Next Accounts
Sep 2025
Shareholders
prodrive (holdings) limited
Group Structure
View All
Industry
Activities of venture and development capital companies
Registered Address
prodrive headquarters, chalker way, banbury, oxfordshire, OX16 4XD
Website
www.prodrive.comprodrive ventures limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE VENTURES LIMITED at £1.3m based on a Turnover of £469.9k and 2.8x industry multiple (adjusted for size and gross margin).
prodrive ventures limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE VENTURES LIMITED at £0 based on an EBITDA of £-205.8k and a 6.78x industry multiple (adjusted for size and gross margin).
prodrive ventures limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE VENTURES LIMITED at £0 based on Net Assets of £-489.5k and 1.17x industry multiple (adjusted for liquidity).
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Prodrive Ventures Limited Overview
Prodrive Ventures Limited is a live company located in banbury, OX16 4XD with a Companies House number of 08115343. It operates in the activities of venture and development capital companies sector, SIC Code 64303. Founded in June 2012, it's largest shareholder is prodrive (holdings) limited with a 100% stake. Prodrive Ventures Limited is a established, micro sized company, Pomanda has estimated its turnover at £469.9k with rapid growth in recent years.
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Prodrive Ventures Limited Health Check
Pomanda's financial health check has awarded Prodrive Ventures Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
7 Weak
Size
annual sales of £469.9k, make it smaller than the average company (£2m)
- Prodrive Ventures Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of 153%, show it is growing at a faster rate (4.3%)
- Prodrive Ventures Limited
4.3% - Industry AVG
Production
with a gross margin of 83.7%, this company has a comparable cost of product (83.7%)
- Prodrive Ventures Limited
83.7% - Industry AVG
Profitability
an operating margin of -45.2% make it less profitable than the average company (1.7%)
- Prodrive Ventures Limited
1.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (9)
3 - Prodrive Ventures Limited
9 - Industry AVG
Pay Structure
on an average salary of £97.8k, the company has an equivalent pay structure (£97.8k)
- Prodrive Ventures Limited
£97.8k - Industry AVG
Efficiency
resulting in sales per employee of £156.6k, this is less efficient (£204.6k)
- Prodrive Ventures Limited
£204.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Prodrive Ventures Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 23 days, this is quicker than average (86 days)
- Prodrive Ventures Limited
86 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prodrive Ventures Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (46 weeks)
7 weeks - Prodrive Ventures Limited
46 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 251.3%, this is a higher level of debt than the average (50.1%)
251.3% - Prodrive Ventures Limited
50.1% - Industry AVG
PRODRIVE VENTURES LIMITED financials
Prodrive Ventures Limited's latest turnover from December 2023 is estimated at £469.9 thousand and the company has net assets of -£489.5 thousand. According to their latest financial statements, Prodrive Ventures Limited has 3 employees and maintains cash reserves of £118.9 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 | Dec 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 29,000 | 61,000 | 61,000 | 48,000 | |||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 7,000 | 35,000 | 22,000 | ||||||||
| Gross Profit | 22,000 | 26,000 | 39,000 | 48,000 | |||||||
| Admin Expenses | 84,000 | 101,000 | 6,000 | 37,000 | |||||||
| Operating Profit | -62,000 | -75,000 | 33,000 | 11,000 | |||||||
| Interest Payable | |||||||||||
| Interest Receivable | 7,000 | ||||||||||
| Pre-Tax Profit | -55,000 | -75,000 | 33,000 | 11,000 | |||||||
| Tax | |||||||||||
| Profit After Tax | -55,000 | -75,000 | 33,000 | 11,000 | |||||||
| Dividends Paid | |||||||||||
| Retained Profit | -55,000 | -75,000 | 33,000 | 11,000 | |||||||
| Employee Costs | |||||||||||
| Number Of Employees | 3 | 3 | 3 | 1 | 1 | 1 | |||||
| EBITDA* | -60,000 | -74,000 | 33,000 | 39,000 |
* 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 | Dec 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 473 | 114,587 | 2,000 | 2,000 | 4,000 | 5,000 | 120,000 | ||||
| Intangible Assets | |||||||||||
| Investments & Other | 200,000 | 24,367 | 24,000 | 24,000 | 24,000 | 50,000 | |||||
| Debtors (Due After 1 year) | 70,000 | 77,000 | 33,000 | 48,000 | |||||||
| Total Fixed Assets | 200,473 | 138,954 | 96,000 | 103,000 | 61,000 | 103,000 | 120,000 | ||||
| Stock & work in progress | |||||||||||
| Trade Debtors | |||||||||||
| Group Debtors | 17,500 | 56,000 | 74,000 | 70,000 | 102,000 | ||||||
| Misc Debtors | 4,189 | 152,111 | 70,000 | 5,000 | 9,000 | 19,000 | 15,000 | ||||
| Cash | 118,905 | 1,794 | 3,000 | 10,000 | 12,000 | 3,000 | 22,000 | ||||
| misc current assets | 382 | ||||||||||
| total current assets | 123,094 | 171,787 | 129,000 | 15,000 | 95,000 | 92,000 | 139,000 | ||||
| total assets | 323,567 | 310,741 | 225,000 | 118,000 | 156,000 | 195,000 | 259,000 | ||||
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 4,873 | ||||||||||
| Group/Directors Accounts | 808,045 | 590,619 | 435,000 | 197,000 | 184,000 | 149,000 | 246,000 | ||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 156 | 452 | 4,000 | ||||||||
| total current liabilities | 813,074 | 591,071 | 435,000 | 201,000 | 184,000 | 149,000 | 246,000 | ||||
| loans | |||||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | |||||||||||
| total liabilities | 813,074 | 591,071 | 435,000 | 201,000 | 184,000 | 149,000 | 246,000 | ||||
| net assets | -489,507 | -280,330 | -210,000 | -83,000 | -28,000 | 46,000 | 13,000 | ||||
| total shareholders funds | -489,507 | -280,330 | -210,000 | -83,000 | -28,000 | 46,000 | 13,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jun 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -62,000 | -75,000 | 33,000 | 11,000 | |||||||
| Depreciation | 6,541 | 13 | 2,000 | 1,000 | 28,000 | ||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | -165,422 | -26,389 | 114,000 | -34,000 | -21,000 | 20,000 | 117,000 | ||||
| Creditors | 4,873 | ||||||||||
| Accruals and Deferred Income | -296 | 452 | -4,000 | 4,000 | |||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -22,000 | -53,000 | -78,000 | ||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 175,633 | 367 | -26,000 | 50,000 | |||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | 217,426 | 155,619 | 238,000 | 13,000 | 35,000 | -97,000 | 246,000 | ||||
| Other Short Term Loans | |||||||||||
| Long term loans | |||||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | 7,000 | ||||||||||
| cash flow from financing | 20,000 | 36,000 | -97,000 | 248,000 | |||||||
| cash and cash equivalents | |||||||||||
| cash | 117,111 | -1,206 | -7,000 | -2,000 | 9,000 | -19,000 | 22,000 | ||||
| overdraft | |||||||||||
| change in cash | 117,111 | -1,206 | -7,000 | -2,000 | 9,000 | -19,000 | 22,000 |
prodrive ventures limited Credit Report and Business Information
Prodrive Ventures Limited Competitor Analysis
Perform a competitor analysis for prodrive ventures limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in OX16 area or any other competitors across 12 key performance metrics.
prodrive ventures limited Ownership
PRODRIVE VENTURES LIMITED group structure
Prodrive Ventures Limited has 2 subsidiary companies.
Ultimate parent company
2 parents
PRODRIVE VENTURES LIMITED
08115343
2 subsidiaries
prodrive ventures limited directors
Prodrive Ventures Limited currently has 2 directors. The longest serving directors include Mr David Richards (Jan 2014) and Mr Tim Colchester (Jan 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Richards | 72 years | Jan 2014 | - | Director | |
| Mr Tim Colchester | 53 years | Jan 2014 | - | Director |
P&L
December 2023turnover
469.9k
-26%
operating profit
-212.3k
0%
gross margin
83.7%
+0.05%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-489.5k
+0.75%
total assets
323.6k
+0.04%
cash
118.9k
+65.28%
net assets
Total assets minus all liabilities
prodrive ventures limited company details
company number
08115343
Type
Private limited with Share Capital
industry
64303 - Activities of venture and development capital companies
incorporation date
June 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
tunneller limited (December 2016)
accountant
GRANT THORNTON UK LLP
auditor
-
address
prodrive headquarters, chalker way, banbury, oxfordshire, OX16 4XD
Bank
-
Legal Advisor
-
prodrive ventures 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 did not find charges/mortgages relating to prodrive ventures limited.
prodrive ventures 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 PRODRIVE VENTURES LIMITED. This can take several minutes, an email will notify you when this has completed.
prodrive ventures limited Companies House Filings - See Documents
| date | description | view/download |
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