proof 1 ltd

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proof 1 ltd Company Information

Share PROOF 1 LTD

Company Number

08460847

Shareholders

michael tsiagbe

Group Structure

View All

Industry

Other personal service activities n.e.c.

 +1

Registered Address

3rd floor 86-90 paul street, london, EC2A 4NE

proof 1 ltd Estimated Valuation

£65.6k

Pomanda estimates the enterprise value of PROOF 1 LTD at £65.6k based on a Turnover of £144.6k and 0.45x industry multiple (adjusted for size and gross margin).

proof 1 ltd Estimated Valuation

£18.3k

Pomanda estimates the enterprise value of PROOF 1 LTD at £18.3k based on an EBITDA of £5.9k and a 3.12x industry multiple (adjusted for size and gross margin).

proof 1 ltd Estimated Valuation

£51.6k

Pomanda estimates the enterprise value of PROOF 1 LTD at £51.6k based on Net Assets of £20.3k and 2.54x industry multiple (adjusted for liquidity).

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Proof 1 Ltd Overview

Proof 1 Ltd is a live company located in london, EC2A 4NE with a Companies House number of 08460847. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in March 2013, it's largest shareholder is michael tsiagbe with a 100% stake. Proof 1 Ltd is a established, micro sized company, Pomanda has estimated its turnover at £144.6k with healthy growth in recent years.

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Proof 1 Ltd Health Check

Pomanda's financial health check has awarded Proof 1 Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2out of 5
positive_score

2 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £144.6k, make it smaller than the average company (£641.9k)

£144.6k - Proof 1 Ltd

£641.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a similar rate (9.4%)

10% - Proof 1 Ltd

9.4% - Industry AVG

production

Production

with a gross margin of 22.1%, this company has a higher cost of product (48.8%)

22.1% - Proof 1 Ltd

48.8% - Industry AVG

profitability

Profitability

an operating margin of 4.1% make it less profitable than the average company (7.1%)

4.1% - Proof 1 Ltd

7.1% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (9)

1 - Proof 1 Ltd

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £39.1k, the company has an equivalent pay structure (£39.1k)

£39.1k - Proof 1 Ltd

£39.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £144.6k, this is more efficient (£95.4k)

£144.6k - Proof 1 Ltd

£95.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 146 days, this is later than average (45 days)

146 days - Proof 1 Ltd

45 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 93 days, this is slower than average (31 days)

93 days - Proof 1 Ltd

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Proof 1 Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Proof 1 Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 65.6%, this is a higher level of debt than the average (44.8%)

65.6% - Proof 1 Ltd

44.8% - Industry AVG

PROOF 1 LTD financials

EXPORTms excel logo

Proof 1 Ltd's latest turnover from March 2024 is estimated at £144.6 thousand and the company has net assets of £20.3 thousand. According to their latest financial statements, Proof 1 Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Turnover144,632123,140108,172109,4047,19051,50800000
Other Income Or Grants00000000000
Cost Of Sales112,71095,17384,46585,8335,55739,50900000
Gross Profit31,92227,96623,70723,5711,63312,00000000
Admin Expenses26,06316,68724,949-11,80939,380-9,042-1230000
Operating Profit5,85911,279-1,24235,380-37,74721,0421230000
Interest Payable00000000000
Interest Receivable00000000000
Pre-Tax Profit5,85911,279-1,24235,380-37,74721,0421230000
Tax-1,465-2,1430-6,7220-3,998-230000
Profit After Tax4,3949,136-1,24228,658-37,74717,0441000000
Dividends Paid00000000000
Retained Profit4,3949,136-1,24228,658-37,74717,0441000000
Employee Costs39,09537,10635,85633,35333,15937,33600000
Number Of Employees11111100000
EBITDA*5,85911,279-1,24235,380-37,74721,0421230000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Tangible Assets1,2392839431969812,35500000
Intangible Assets00000000000
Investments & Other0000001000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets1,2392839431969812,3551000000
Stock & work in progress00000000000
Trade Debtors57,96053,72750,00050,007018,90800000
Group Debtors00000000000
Misc Debtors00000000000
Cash00000000000
misc current assets00000000000
total current assets57,96053,72750,00050,007018,90800000
total assets59,19954,01050,94350,20398121,2631000000
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 28,97925,04129,02725,1483,3454,11900000
Group/Directors Accounts00000000000
other short term finances00000000000
hp & lease commitments00000000000
other current liabilities00000000000
total current liabilities28,97925,04129,02725,1483,3454,11900000
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income750750001,510000000
other liabilities9,12712,27015,10317,00016,729000000
provisions00000000000
total long term liabilities9,87713,02015,10317,00018,239000000
total liabilities38,85638,06144,13042,14821,5844,11900000
net assets20,34315,9496,8138,055-20,60317,1441000000
total shareholders funds20,34315,9496,8138,055-20,60317,1441000000
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Operating Activities
Operating Profit5,85911,279-1,24235,380-37,74721,0421230000
Depreciation00000000000
Amortisation00000000000
Tax-1,465-2,1430-6,7220-3,998-230000
Stock00000000000
Debtors4,2333,727-750,007-18,90818,90800000
Creditors3,938-3,9863,87921,803-7744,11900000
Accruals and Deferred Income07500-1,5101,510000000
Deferred Taxes & Provisions00000000000
Cash flow from operations4,0992,1732,644-1,056-18,1032,2551000000
Investing Activities
capital expenditure-956660-7477851,374-2,35500000
Change in Investments00000-1001000000
cash flow from investments-956660-7477851,374-2,255-1000000
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000000000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities-3,143-2,833-1,89727116,729000000
share issue00000000000
interest00000000000
cash flow from financing-3,143-2,833-1,89727116,729000000
cash and cash equivalents
cash00000000000
overdraft00000000000
change in cash00000000000

proof 1 ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Proof 1 Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for proof 1 ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC2A area or any other competitors across 12 key performance metrics.

proof 1 ltd Ownership

PROOF 1 LTD group structure

Proof 1 Ltd has no subsidiary companies.

Ultimate parent company

PROOF 1 LTD

08460847

PROOF 1 LTD Shareholders

michael tsiagbe 100%

proof 1 ltd directors

Proof 1 Ltd currently has 1 director, Mr Michael Tsiagbe serving since Mar 2013.

officercountryagestartendrole
Mr Michael TsiagbeEngland33 years Mar 2013- Director

P&L

March 2024

turnover

144.6k

+17%

operating profit

5.9k

0%

gross margin

22.1%

-2.82%

turnover

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

Balance Sheet

March 2024

net assets

20.3k

+0.28%

total assets

59.2k

+0.1%

cash

0

0%

net assets

Total assets minus all liabilities

proof 1 ltd company details

company number

08460847

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

70229 - Management consultancy activities (other than financial management)

incorporation date

March 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

inhabi (london) limited (February 2021)

tidydesk limited (March 2018)

accountant

-

auditor

-

address

3rd floor 86-90 paul street, london, EC2A 4NE

Bank

-

Legal Advisor

-

proof 1 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 proof 1 ltd.

proof 1 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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proof 1 ltd Companies House Filings - See Documents

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