primer europe ltd
primer europe ltd Company Information
Company Number
08859784
Website
www.primergrp.comRegistered Address
suite 6 concept park, watling street, towcester, NN12 7YD
Industry
Retail sale of clothing in specialised stores
Telephone
02035671182
Next Accounts Due
October 2024
Group Structure
View All
primer europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMER EUROPE LTD at £548.8k based on a Turnover of £1.4m and 0.4x industry multiple (adjusted for size and gross margin).
primer europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMER EUROPE LTD at £0 based on an EBITDA of £-383.1k and a 3.85x industry multiple (adjusted for size and gross margin).
primer europe ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMER EUROPE LTD at £0 based on Net Assets of £-1.3m and 2.84x industry multiple (adjusted for liquidity).
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Primer Europe Ltd Overview
Primer Europe Ltd is a dissolved company that was located in towcester, NN12 7YD with a Companies House number of 08859784. It operated in the retail sale of clothing in specialised stores sector, SIC Code 47710. Founded in January 2014, it's largest shareholder was primer seawood investment pte limited with a 99.9% stake. The last turnover for Primer Europe Ltd was estimated at £1.4m.
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Primer Europe Ltd Health Check
Pomanda's financial health check has awarded Primer Europe Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
5 Weak
Size
annual sales of £1.4m, make it smaller than the average company (£6.1m)
- Primer Europe Ltd
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.8%)
- Primer Europe Ltd
5.8% - Industry AVG
Production
with a gross margin of 50%, this company has a comparable cost of product (50%)
- Primer Europe Ltd
50% - Industry AVG
Profitability
an operating margin of -28.4% make it less profitable than the average company (2.6%)
- Primer Europe Ltd
2.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (64)
1 - Primer Europe Ltd
64 - Industry AVG
Pay Structure
on an average salary of £22.5k, the company has an equivalent pay structure (£22.5k)
- Primer Europe Ltd
£22.5k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£124.5k)
- Primer Europe Ltd
£124.5k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is later than average (12 days)
- Primer Europe Ltd
12 days - Industry AVG
Creditor Days
its suppliers are paid after 100 days, this is slower than average (35 days)
- Primer Europe Ltd
35 days - Industry AVG
Stock Days
it holds stock equivalent to 40 days, this is less than average (143 days)
- Primer Europe Ltd
143 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (10 weeks)
13 weeks - Primer Europe Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 478.6%, this is a higher level of debt than the average (78.2%)
478.6% - Primer Europe Ltd
78.2% - Industry AVG
PRIMER EUROPE LTD financials
Primer Europe Ltd's latest turnover from March 2020 is estimated at £1.4 million and the company has net assets of -£1.3 million. According to their latest financial statements, Primer Europe Ltd has 1 employee and maintains cash reserves of £109 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 1 | 2 | 3 | 3 | 1 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 2,728 | 5,423 | 9,561 | 12,275 | 2,775 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,728 | 5,423 | 9,561 | 12,275 | 2,775 | 0 |
| Stock & work in progress | 75,434 | 39,647 | 108,597 | 364,091 | 149,029 | 0 |
| Trade Debtors | 148,419 | 220,278 | 198,887 | 127,656 | 9,362 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 11,526 | 19,408 | 17,337 | 161,966 | 7,438 | 0 |
| Cash | 109,028 | 116,534 | 284,658 | 15,075 | 113,062 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 344,407 | 395,867 | 609,479 | 668,788 | 278,891 | 0 |
| total assets | 347,135 | 401,290 | 619,040 | 681,063 | 281,666 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 188,225 | 249,455 | 145,753 | 99,115 | 94,827 | 0 |
| Group/Directors Accounts | 197,598 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 41,406 | 77,064 | 102,172 | 200,910 | 10,534 | 0 |
| total current liabilities | 427,229 | 326,519 | 247,925 | 300,025 | 105,361 | 0 |
| loans | 409,529 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 824,489 | 1,789,668 | 1,781,713 | 1,264,456 | 461,262 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 1,234,018 | 1,789,668 | 1,781,713 | 1,264,456 | 461,262 | 0 |
| total liabilities | 1,661,247 | 2,116,187 | 2,029,638 | 1,564,481 | 566,623 | 0 |
| net assets | -1,314,112 | -1,714,897 | -1,410,598 | -883,418 | -284,957 | 0 |
| total shareholders funds | -1,314,112 | -1,714,897 | -1,410,598 | -883,418 | -284,957 | 0 |
| Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Jan 2015 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 3,738 | 4,138 | 4,483 | 1,168 | 1,364 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 35,787 | -68,950 | -255,494 | 215,062 | 149,029 | 0 |
| Debtors | -79,741 | 23,462 | -73,398 | 272,822 | 16,800 | 0 |
| Creditors | -61,230 | 103,702 | 46,638 | 4,288 | 94,827 | 0 |
| Accruals and Deferred Income | -35,658 | -25,108 | -98,738 | 190,376 | 10,534 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 197,598 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 409,529 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -965,179 | 7,955 | 517,257 | 803,194 | 461,262 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | -7,506 | -168,124 | 269,583 | -97,987 | 113,062 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -7,506 | -168,124 | 269,583 | -97,987 | 113,062 | 0 |
primer europe ltd Credit Report and Business Information
Primer Europe Ltd Competitor Analysis
Perform a competitor analysis for primer europe ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other undefined companies, companies in NN12 area or any other competitors across 12 key performance metrics.
primer europe ltd Ownership
PRIMER EUROPE LTD group structure
Primer Europe Ltd has no subsidiary companies.
Ultimate parent company
PRIMER EUROPE LTD
08859784
primer europe ltd directors
Primer Europe Ltd currently has 4 directors. The longest serving directors include Mr Mark Chim (Jan 2014) and Mr Robert Sy (Jan 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Chim | England | 58 years | Jan 2014 | - | Director |
| Mr Robert Sy | England | 66 years | Jan 2014 | - | Director |
| Mr Jimmy Thai | England | 68 years | Jan 2014 | - | Director |
| Mr Johnny Thai | England | 69 years | Mar 2017 | - | Director |
P&L
March 2020turnover
1.4m
-12%
operating profit
-386.8k
0%
gross margin
50%
+0.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2020net assets
-1.3m
-0.23%
total assets
347.1k
-0.13%
cash
109k
-0.06%
net assets
Total assets minus all liabilities
primer europe ltd company details
company number
08859784
Type
Private limited with Share Capital
industry
47710 - Retail sale of clothing in specialised stores
incorporation date
January 2014
age
10
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
N/A
last accounts submitted
March 2020
address
suite 6 concept park, watling street, towcester, NN12 7YD
accountant
CHARLOTTE TOEMAES OF ELLACOTTS AUDIT SERVICES LIMITED
auditor
-
primer 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 primer europe ltd.
primer europe ltd Companies House Filings - See Documents
| date | description | view/download |
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