prioritis limited
prioritis limited Company Information
Company Number
08782131
Website
www.prioritis.comRegistered Address
3 forbury place, 23 forbury road, reading, RG1 3JH
Industry
Other personal service activities n.e.c.
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
iqvia ltd. 100%
prioritis limited Estimated Valuation
Pomanda estimates the enterprise value of PRIORITIS LIMITED at £3m based on a Turnover of £2.8m and 1.06x industry multiple (adjusted for size and gross margin).
prioritis limited Estimated Valuation
Pomanda estimates the enterprise value of PRIORITIS LIMITED at £14.5m based on an EBITDA of £1.9m and a 7.81x industry multiple (adjusted for size and gross margin).
prioritis limited Estimated Valuation
Pomanda estimates the enterprise value of PRIORITIS LIMITED at £7.9m based on Net Assets of £2.6m and 2.99x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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 £2.8m with rapid growth in recent years.
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Prioritis Limited Health Check
Pomanda's financial health check has awarded Prioritis Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
3 Weak
Size
annual sales of £2.8m, make it larger than the average company (£1.1m)
£2.8m - Prioritis Limited
£1.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 32%, show it is growing at a faster rate (4.5%)
- Prioritis Limited
4.5% - Industry AVG
Production
with a gross margin of 60%, this company has a lower cost of product (41.2%)
60% - Prioritis Limited
41.2% - Industry AVG
Profitability
an operating margin of 66.3% make it more profitable than the average company (7%)
66.3% - Prioritis Limited
7% - Industry AVG
Employees
with 7 employees, this is below the industry average (15)
7 - Prioritis Limited
15 - Industry AVG
Pay Structure
on an average salary of £32.2k, the company has an equivalent pay structure (£32.2k)
- Prioritis Limited
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £400.7k, this is more efficient (£95.5k)
£400.7k - Prioritis Limited
£95.5k - Industry AVG
Debtor Days
it gets paid by customers after 99 days, this is later than average (31 days)
99 days - Prioritis Limited
31 days - Industry AVG
Creditor Days
its suppliers are paid after 37 days, this is quicker than average (43 days)
37 days - Prioritis Limited
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prioritis Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 116 weeks, this is more cash available to meet short term requirements (43 weeks)
116 weeks - Prioritis Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36.2%, this is a lower level of debt than the average (47.3%)
36.2% - Prioritis Limited
47.3% - Industry AVG
PRIORITIS LIMITED financials
Prioritis Limited's latest turnover from December 2022 is £2.8 million and the company has net assets of £2.6 million. According to their latest financial statements, Prioritis Limited has 7 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 2,804,726 | 2,322,510 | |||||||
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 1,120,750 | 1,104,594 | |||||||
| Gross Profit | 1,683,976 | 1,217,916 | |||||||
| Admin Expenses | -176,075 | 187,705 | |||||||
| Operating Profit | 1,860,051 | 1,030,211 | |||||||
| Interest Payable | 479 | 0 | |||||||
| Interest Receivable | 0 | 0 | |||||||
| Pre-Tax Profit | 1,859,572 | 1,030,211 | |||||||
| Tax | -353,693 | -195,963 | |||||||
| Profit After Tax | 1,505,879 | 834,248 | |||||||
| Dividends Paid | 0 | 0 | |||||||
| Retained Profit | 1,505,879 | 834,248 | |||||||
| Employee Costs | |||||||||
| Number Of Employees | 7 | 8 | 8 | 6 | 5 | 3 | 2 | 1 | |
| EBITDA* | 1,862,022 | 1,032,583 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,623 | 3,594 | 4,765 | 5,257 | 4,791 | 4,227 | 1,625 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,623 | 3,594 | 4,765 | 5,257 | 4,791 | 4,227 | 1,625 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 765,811 | 485,382 | 162,880 | 178,099 | 57,218 | 120,031 | 189,594 | 3,312 | 33,768 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 5,118 | 15,529 | 53,312 | 32,398 | 24,319 | 66,470 | 10,691 | 0 | 0 |
| Cash | 3,377,473 | 1,943,350 | 1,685,268 | 767,766 | 378,498 | 82,741 | 123,490 | 32,424 | 18,549 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,148,402 | 2,444,261 | 1,901,460 | 978,263 | 460,035 | 269,242 | 323,775 | 35,736 | 52,317 |
| total assets | 4,150,025 | 2,447,855 | 1,906,225 | 983,520 | 464,826 | 273,469 | 325,400 | 35,736 | 52,317 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 115,065 | 152,485 | 389,862 | 162,439 | 26,474 | 10,851 | 78,678 | 51,708 | 39,659 |
| Group/Directors Accounts | 61,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 40,106 | 40,106 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,324,680 | 1,152,431 | 857,672 | 345,523 | 121,215 | 88,294 | 108,300 | 0 | 0 |
| total current liabilities | 1,501,207 | 1,304,916 | 1,247,534 | 507,962 | 147,689 | 139,251 | 227,084 | 51,708 | 39,659 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 159,091 | 0 | 0 | 0 | 36,625 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 159,091 | 0 | 0 | 0 | 36,625 |
| total liabilities | 1,501,207 | 1,304,916 | 1,247,534 | 507,962 | 306,780 | 139,251 | 227,084 | 51,708 | 76,284 |
| net assets | 2,648,818 | 1,142,939 | 658,691 | 475,558 | 158,046 | 134,218 | 98,316 | -15,972 | -23,967 |
| total shareholders funds | 2,648,818 | 1,142,939 | 658,691 | 475,558 | 158,046 | 134,218 | 98,316 | -15,972 | -23,967 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 1,860,051 | 1,030,211 | |||||||
| Depreciation | 1,971 | 2,372 | 3,035 | 2,541 | 1,508 | 819 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -353,693 | -195,963 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 270,018 | 284,719 | 5,695 | 128,960 | -104,964 | -13,784 | 196,973 | -30,456 | 33,768 |
| Creditors | -37,420 | -237,377 | 227,423 | 135,965 | 15,623 | -67,827 | 26,970 | 12,049 | 39,659 |
| Accruals and Deferred Income | 172,249 | 294,759 | 512,149 | 224,308 | 32,921 | -20,006 | 108,300 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,373,140 | 609,283 | |||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 61,462 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | -40,106 | 0 | 40,106 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -159,091 | 159,091 | 0 | 0 | -36,625 | 36,625 |
| share issue | |||||||||
| interest | -479 | 0 | |||||||
| cash flow from financing | 60,983 | -350,000 | |||||||
| cash and cash equivalents | |||||||||
| cash | 1,434,123 | 258,082 | 917,502 | 389,268 | 295,757 | -40,749 | 91,066 | 13,875 | 18,549 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,434,123 | 258,082 | 917,502 | 389,268 | 295,757 | -40,749 | 91,066 | 13,875 | 18,549 |
prioritis limited Credit Report and Business Information
Prioritis Limited Competitor Analysis
Perform a competitor analysis for prioritis limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
prioritis limited Ownership
PRIORITIS LIMITED group structure
Prioritis Limited has no subsidiary companies.
Ultimate parent company
IQVIA HOLDINGS INC
#0013898
2 parents
PRIORITIS LIMITED
08782131
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Kotchie | United Kingdom | 45 years | Feb 2022 | - | Director |
| Mr Graham Park | United Kingdom | 49 years | Feb 2022 | - | Director |
P&L
December 2022turnover
2.8m
+21%
operating profit
1.9m
+81%
gross margin
60.1%
+14.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6m
+1.32%
total assets
4.2m
+0.7%
cash
3.4m
+0.74%
net assets
Total assets minus all liabilities
Similar Companies
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
11
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
3 forbury place, 23 forbury road, reading, RG1 3JH
last accounts submitted
December 2022
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 Companies House Filings - See Documents
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