prioritis limited

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prioritis limited Company Information

Share PRIORITIS LIMITED

Company Number

08782131

Shareholders

iqvia ltd.

Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

3 forbury place, 23 forbury road, reading, RG1 3JH

prioritis limited Estimated Valuation

£1.5m

Pomanda estimates the enterprise value of PRIORITIS LIMITED at £1.5m based on a Turnover of £2m and 0.76x industry multiple (adjusted for size and gross margin).

prioritis limited Estimated Valuation

£78.4m

Pomanda estimates the enterprise value of PRIORITIS LIMITED at £78.4m based on an EBITDA of £15.6m and a 5.04x industry multiple (adjusted for size and gross margin).

prioritis limited Estimated Valuation

£29.8m

Pomanda estimates the enterprise value of PRIORITIS LIMITED at £29.8m based on Net Assets of £15.2m and 1.96x industry multiple (adjusted for liquidity).

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Prioritis Limited Overview

Prioritis Limited is a live company located in reading, RG1 3JH with a Companies House number of 08782131. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in November 2013, it's largest shareholder is iqvia ltd. with a 100% stake. Prioritis Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with healthy growth in recent years.

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Prioritis Limited Health Check

Pomanda's financial health check has awarded Prioritis Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 1 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

1 Weak

size

Size

annual sales of £2m, make it larger than the average company (£1.2m)

£2m - Prioritis Limited

£1.2m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (7.9%)

10% - Prioritis Limited

7.9% - Industry AVG

production

Production

with a gross margin of 48.3%, this company has a comparable cost of product (41.8%)

48.3% - Prioritis Limited

41.8% - Industry AVG

profitability

Profitability

an operating margin of 769.5% make it more profitable than the average company (6.4%)

769.5% - Prioritis Limited

6.4% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (15)

4 - Prioritis Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £34.5k, the company has an equivalent pay structure (£34.5k)

£34.5k - Prioritis Limited

£34.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £505.9k, this is more efficient (£104.6k)

£505.9k - Prioritis Limited

£104.6k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Prioritis Limited

- - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Prioritis Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Prioritis Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Prioritis Limited

- - Industry AVG

debtlevel

Debt Level

There is insufficient data available for this Key Performance Indicator!

- - Prioritis Limited

- - Industry AVG

PRIORITIS LIMITED financials

EXPORTms excel logo

Prioritis Limited's latest turnover from December 2023 is £2 million and the company has net assets of £15.2 million. According to their latest financial statements, Prioritis Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Turnover2,023,6662,804,7262,322,5101,507,6611,215,149451,414633,6081,026,804113,403320,461
Other Income Or Grants
Cost Of Sales1,046,6661,120,7501,104,594911,927733,056273,655380,634605,83267,009191,128
Gross Profit977,0001,683,9761,217,916595,734482,093177,759252,974420,97246,394129,333
Admin Expenses-14,594,394-176,075187,705370,87094,401148,718206,559277,05436,528158,346
Operating Profit15,571,3941,860,0511,030,211224,864387,69229,04146,415143,9189,866-29,013
Interest Payable4791,3542,6071,253
Interest Receivable1,2274,2981,73051619512746
Pre-Tax Profit15,571,3941,859,5721,030,211226,090391,99029,41744,323142,8609,994-28,967
Tax-145,429-353,693-195,963-42,957-74,478-5,589-8,421-28,572-1,999
Profit After Tax15,425,9651,505,879834,248183,133317,51223,82835,902114,2887,995-28,967
Dividends Paid
Retained Profit15,425,9651,505,879834,248183,133317,51223,82835,902114,2887,995-28,967
Employee Costs138,000230,406250,108237,764177,710142,33881,63256,00028,692112,000
Number Of Employees4788653214
EBITDA*15,573,0171,862,0221,032,583227,899390,23330,54947,234143,9189,866-29,013

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Tangible Assets1,6233,5944,7655,2574,7914,2271,625
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets1,6233,5944,7655,2574,7914,2271,625
Stock & work in progress
Trade Debtors765,811485,382162,880178,09957,218120,031189,5943,31233,768
Group Debtors15,174,783
Misc Debtors5,11815,52953,31232,39824,31966,47010,691
Cash3,377,4731,943,3501,685,268767,766378,49882,741123,49032,42418,549
misc current assets
total current assets15,174,7834,148,4022,444,2611,901,460978,263460,035269,242323,77535,73652,317
total assets15,174,7834,150,0252,447,8551,906,225983,520464,826273,469325,40035,73652,317
Bank overdraft
Bank loan
Trade Creditors 115,065152,485389,862162,43926,47410,85178,67851,70839,659
Group/Directors Accounts61,462
other short term finances40,10640,106
hp & lease commitments
other current liabilities1,324,6801,152,431857,672345,523121,21588,294108,300
total current liabilities1,501,2071,304,9161,247,534507,962147,689139,251227,08451,70839,659
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities159,09136,625
provisions
total long term liabilities159,09136,625
total liabilities1,501,2071,304,9161,247,534507,962306,780139,251227,08451,70876,284
net assets15,174,7832,648,8181,142,939658,691475,558158,046134,21898,316-15,972-23,967
total shareholders funds15,174,7832,648,8181,142,939658,691475,558158,046134,21898,316-15,972-23,967
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014
Operating Activities
Operating Profit15,571,3941,860,0511,030,211224,864387,69229,04146,415143,9189,866-29,013
Depreciation1,6231,9712,3723,0352,5411,508819
Amortisation
Tax-145,429-353,693-195,963-42,957-74,478-5,589-8,421-28,572-1,999
Stock
Debtors14,403,854270,018284,7195,695128,960-104,964-13,784196,973-30,45633,768
Creditors-115,065-37,420-237,377227,423135,96515,623-67,82726,97012,04939,659
Accruals and Deferred Income-1,324,680172,249294,759512,149224,30832,921-20,006108,300
Deferred Taxes & Provisions
Cash flow from operations-416,0111,373,140609,283918,819547,068178,468-35,23653,64350,372-23,122
Investing Activities
capital expenditure-1,201-2,543-3,007-2,072-3,421-1,625
Change in Investments
cash flow from investments-1,201-2,543-3,007-2,072-3,421-1,625
Financing Activities
Bank loans
Group/Directors Accounts-61,46261,462
Other Short Term Loans -40,10640,106
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities-159,091159,091-36,62536,625
share issue-2,900,000-350,0005,000
interest-4791,2274,298376-2,091-1,05812746
cash flow from financing-2,961,46260,983-350,0001,227-154,793119,361-2,09139,048-36,49841,671
cash and cash equivalents
cash-3,377,4731,434,123258,082917,502389,268295,757-40,74991,06613,87518,549
overdraft
change in cash-3,377,4731,434,123258,082917,502389,268295,757-40,74991,06613,87518,549

prioritis limited 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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Prioritis Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for prioritis limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in RG1 area or any other competitors across 12 key performance metrics.

prioritis limited Ownership

PRIORITIS LIMITED group structure

Prioritis Limited has no subsidiary companies.

Ultimate parent company

IQVIA RDS LATIN AMERICA LLC

#0163448

2 parents

PRIORITIS LIMITED

08782131

PRIORITIS LIMITED Shareholders

iqvia ltd. 100%

prioritis limited directors

Prioritis Limited currently has 2 directors. The longest serving directors include Mr Robert Kotchie (Feb 2022) and Mr Graham Park (Feb 2022).

officercountryagestartendrole
Mr Robert KotchieUnited Kingdom46 years Feb 2022- Director
Mr Graham ParkUnited Kingdom50 years Feb 2022- Director

P&L

December 2023

turnover

2m

-28%

operating profit

15.6m

+737%

gross margin

48.3%

-19.59%

turnover

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

Balance Sheet

December 2023

net assets

15.2m

+4.73%

total assets

15.2m

+2.66%

cash

0

-1%

net assets

Total assets minus all liabilities

prioritis limited company details

company number

08782131

Type

Private limited with Share Capital

industry

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

incorporation date

November 2013

age

12

incorporated

UK

ultimate parent company

IQVIA RDS LATIN AMERICA LLC

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

FORVIS MAZARS LLP

address

3 forbury place, 23 forbury road, reading, RG1 3JH

Bank

-

Legal Advisor

-

prioritis 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 prioritis limited.

prioritis 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.

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prioritis limited Companies House Filings - See Documents

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