probity europe ltd
probity europe ltd Company Information
Company Number
08446926
Next Accounts
Dec 2025
Shareholders
probity worldwide limited
sony music entertainment uk limited
Group Structure
View All
Industry
Other retail sale not in stores, stalls or markets
Registered Address
2 canal reach, london, N1C 4DB
Website
probitymerch.comprobity europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PROBITY EUROPE LTD at £7.2m based on a Turnover of £19.1m and 0.38x industry multiple (adjusted for size and gross margin).
probity europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PROBITY EUROPE LTD at £5.8m based on an EBITDA of £1.5m and a 3.94x industry multiple (adjusted for size and gross margin).
probity europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PROBITY EUROPE LTD at £12.7m based on Net Assets of £6.1m and 2.09x industry multiple (adjusted for liquidity).
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Probity Europe Ltd Overview
Probity Europe Ltd is a live company located in london, N1C 4DB with a Companies House number of 08446926. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in March 2013, it's largest shareholder is probity worldwide limited with a 65% stake. Probity Europe Ltd is a established, mid sized company, Pomanda has estimated its turnover at £19.1m with rapid growth in recent years.
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Probity Europe Ltd Health Check
Pomanda's financial health check has awarded Probity Europe Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £19.1m, make it larger than the average company (£1.2m)
£19.1m - Probity Europe Ltd
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (10.4%)
- Probity Europe Ltd
10.4% - Industry AVG
Production
with a gross margin of 13.1%, this company has a higher cost of product (31.8%)
13.1% - Probity Europe Ltd
31.8% - Industry AVG
Profitability
an operating margin of 7.7% make it more profitable than the average company (4.7%)
7.7% - Probity Europe Ltd
4.7% - Industry AVG
Employees
with 8 employees, this is similar to the industry average (9)
8 - Probity Europe Ltd
9 - Industry AVG
Pay Structure
on an average salary of £73.9k, the company has a higher pay structure (£36.5k)
£73.9k - Probity Europe Ltd
£36.5k - Industry AVG
Efficiency
resulting in sales per employee of £2.4m, this is more efficient (£207.5k)
£2.4m - Probity Europe Ltd
£207.5k - Industry AVG
Debtor Days
it gets paid by customers after 24 days, this is earlier than average (32 days)
24 days - Probity Europe Ltd
32 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (36 days)
45 days - Probity Europe Ltd
36 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is less than average (62 days)
10 days - Probity Europe Ltd
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 31 weeks, this is more cash available to meet short term requirements (26 weeks)
31 weeks - Probity Europe Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 51.6%, this is a lower level of debt than the average (64.2%)
51.6% - Probity Europe Ltd
64.2% - Industry AVG
PROBITY EUROPE LTD financials
Probity Europe Ltd's latest turnover from March 2024 is £19.1 million and the company has net assets of £6.1 million. According to their latest financial statements, Probity Europe Ltd has 8 employees and maintains cash reserves of £4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 19,092,589 | 23,755,452 | ||||||||
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 16,585,082 | 20,860,096 | ||||||||
| Gross Profit | 2,507,507 | 2,895,356 | ||||||||
| Admin Expenses | 1,039,679 | 1,348,392 | ||||||||
| Operating Profit | 1,467,828 | 1,546,964 | ||||||||
| Interest Payable | 15,267 | 24,537 | ||||||||
| Interest Receivable | ||||||||||
| Pre-Tax Profit | 1,452,561 | 1,522,427 | ||||||||
| Tax | -340,112 | -388,070 | ||||||||
| Profit After Tax | 1,112,449 | 1,134,357 | ||||||||
| Dividends Paid | ||||||||||
| Retained Profit | 1,112,449 | 1,134,357 | ||||||||
| Employee Costs | 591,195 | 759,683 | ||||||||
| Number Of Employees | 8 | 8 | 3 | 6 | 6 | 6 | 6 | 5 | ||
| EBITDA* | 1,467,828 | 1,546,964 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,737 | 9,423 | 5,043 | 7,292 | 10,044 | 13,597 | ||||
| Intangible Assets | ||||||||||
| Investments & Other | ||||||||||
| Debtors (Due After 1 year) | ||||||||||
| Total Fixed Assets | 2,737 | 9,423 | 5,043 | 7,292 | 10,044 | 13,597 | ||||
| Stock & work in progress | 487,958 | 435,899 | 708,297 | 432,754 | 608,679 | 326,293 | 176,942 | 240,845 | 58,850 | 21,477 |
| Trade Debtors | 1,259,316 | 1,184,454 | 967,574 | 880,731 | 495,617 | 997,623 | 182,459 | 282,088 | 187,794 | 235,353 |
| Group Debtors | 4,035,469 | 3,643,056 | 140,460 | |||||||
| Misc Debtors | 2,813,868 | 678,434 | 653,179 | 353,836 | 524,073 | 152,520 | 39,076 | 94,804 | 17,107 | |
| Cash | 3,977,533 | 2,686,961 | 4,062,981 | 2,748,476 | 1,646,878 | 2,462,931 | 2,334,249 | 961,417 | 485,392 | 84,300 |
| misc current assets | 18,850 | |||||||||
| total current assets | 12,592,994 | 8,628,804 | 6,532,491 | 4,415,797 | 3,275,247 | 3,939,367 | 2,732,726 | 1,579,154 | 749,143 | 341,130 |
| total assets | 12,592,994 | 8,628,804 | 6,535,228 | 4,425,220 | 3,280,290 | 3,946,659 | 2,742,770 | 1,592,751 | 749,143 | 341,130 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 2,069,510 | 2,135,176 | 1,338,549 | 1,148,594 | 1,254,203 | 2,122,329 | 1,427,056 | 984,466 | 319,561 | 254,803 |
| Group/Directors Accounts | 3,056,605 | 426,963 | 439,977 | |||||||
| other short term finances | ||||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 1,371,380 | 1,083,615 | 907,592 | 536,726 | 382,860 | 478,158 | 393,458 | 269,617 | 235,225 | |
| total current liabilities | 6,497,495 | 3,645,754 | 2,686,118 | 1,685,320 | 1,637,063 | 2,600,487 | 1,820,514 | 1,254,083 | 554,786 | 254,803 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | ||||||||||
| other liabilities | ||||||||||
| provisions | 417 | |||||||||
| total long term liabilities | 417 | |||||||||
| total liabilities | 6,497,495 | 3,645,754 | 2,686,535 | 1,685,320 | 1,637,063 | 2,600,487 | 1,820,514 | 1,254,083 | 554,786 | 254,803 |
| net assets | 6,095,499 | 4,983,050 | 3,848,693 | 2,739,900 | 1,643,227 | 1,346,172 | 922,256 | 338,668 | 194,357 | 86,327 |
| total shareholders funds | 6,095,499 | 4,983,050 | 3,848,693 | 2,739,900 | 1,643,227 | 1,346,172 | 922,256 | 338,668 | 194,357 | 86,327 |
| Mar 2024 | Mar 2023 | Sep 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 1,467,828 | 1,546,964 | ||||||||
| Depreciation | 7,039 | 5,417 | 4,544 | 4,283 | 4,258 | 1,009 | ||||
| Amortisation | ||||||||||
| Tax | -340,112 | -388,070 | ||||||||
| Stock | 52,059 | 435,899 | 275,543 | -175,925 | 282,386 | 149,351 | -63,903 | 181,995 | 37,373 | 21,477 |
| Debtors | 2,602,709 | 5,505,944 | 526,646 | 214,877 | -130,453 | 928,608 | -155,357 | 171,991 | -30,452 | 235,353 |
| Creditors | -65,666 | 2,135,176 | 189,955 | -105,609 | -868,126 | 695,273 | 442,590 | 664,905 | 64,758 | 254,803 |
| Accruals and Deferred Income | 287,765 | 1,083,615 | 370,866 | 153,866 | -95,298 | 84,700 | 123,841 | 34,392 | 235,225 | |
| Deferred Taxes & Provisions | 417 | |||||||||
| Cash flow from operations | -1,304,953 | -1,564,158 | ||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | ||||||||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | 2,629,642 | 426,963 | 439,977 | |||||||
| Other Short Term Loans | ||||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | -15,267 | -24,537 | ||||||||
| cash flow from financing | 2,614,375 | 4,251,119 | ||||||||
| cash and cash equivalents | ||||||||||
| cash | 1,290,572 | 2,686,961 | 1,314,505 | 1,101,598 | -816,053 | 128,682 | 1,372,832 | 476,025 | 401,092 | 84,300 |
| overdraft | ||||||||||
| change in cash | 1,290,572 | 2,686,961 | 1,314,505 | 1,101,598 | -816,053 | 128,682 | 1,372,832 | 476,025 | 401,092 | 84,300 |
probity europe ltd Credit Report and Business Information
Probity Europe Ltd Competitor Analysis
Perform a competitor analysis for probity europe ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in N1C area or any other competitors across 12 key performance metrics.
probity europe ltd Ownership
PROBITY EUROPE LTD group structure
Probity Europe Ltd has no subsidiary companies.
Ultimate parent company
SONY CORPORATION
#0001719
2 parents
PROBITY EUROPE LTD
08446926
probity europe ltd directors
Probity Europe Ltd currently has 2 directors. The longest serving directors include Mr Christopher Crellin (Sep 2023) and Mr Michael Smith (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Crellin | United Kingdom | 52 years | Sep 2023 | - | Director |
| Mr Michael Smith | United Kingdom | 66 years | Jan 2025 | - | Director |
P&L
March 2024turnover
19.1m
-20%
operating profit
1.5m
-5%
gross margin
13.2%
+7.76%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
6.1m
+0.22%
total assets
12.6m
+0.46%
cash
4m
+0.48%
net assets
Total assets minus all liabilities
probity europe ltd company details
company number
08446926
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
March 2013
age
12
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
CC YOUNG & CO LIMITED
address
2 canal reach, london, N1C 4DB
Bank
-
Legal Advisor
-
probity europe ltd 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 probity europe ltd.
probity europe ltd 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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probity europe ltd Companies House Filings - See Documents
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