primeeng group limited
primeeng group limited Company Information
Company Number
08958587
Website
-Registered Address
aspen house, ground floor rear, 25 dover street, london, W1S 4LX
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
ricardo bruno pereira carvalho 100%
primeeng group limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMEENG GROUP LIMITED at £366.3m based on a Turnover of £142.2m and 2.58x industry multiple (adjusted for size and gross margin).
primeeng group limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMEENG GROUP LIMITED at £204.3m based on an EBITDA of £20.7m and a 9.87x industry multiple (adjusted for size and gross margin).
primeeng group limited Estimated Valuation
Pomanda estimates the enterprise value of PRIMEENG GROUP LIMITED at £55.1m based on Net Assets of £29.6m and 1.86x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Primeeng Group Limited Overview
Primeeng Group Limited is a live company located in london, W1S 4LX with a Companies House number of 08958587. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in March 2014, it's largest shareholder is ricardo bruno pereira carvalho with a 100% stake. Primeeng Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £142.2m with high growth in recent years.
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Primeeng Group Limited Health Check
Pomanda's financial health check has awarded Primeeng Group Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £142.2m, make it larger than the average company (£19.3m)
£142.2m - Primeeng Group Limited
£19.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (10.6%)
26% - Primeeng Group Limited
10.6% - Industry AVG
Production
with a gross margin of 33.5%, this company has a comparable cost of product (36.2%)
33.5% - Primeeng Group Limited
36.2% - Industry AVG
Profitability
an operating margin of 13.2% make it more profitable than the average company (4.6%)
13.2% - Primeeng Group Limited
4.6% - Industry AVG
Employees
with 2389 employees, this is above the industry average (107)
2389 - Primeeng Group Limited
107 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£44.9k)
£36.7k - Primeeng Group Limited
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £59.5k, this is less efficient (£193.3k)
£59.5k - Primeeng Group Limited
£193.3k - Industry AVG
Debtor Days
it gets paid by customers after 85 days, this is later than average (45 days)
85 days - Primeeng Group Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (44 days)
5 days - Primeeng Group Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Primeeng Group Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 33 weeks, this is more cash available to meet short term requirements (14 weeks)
33 weeks - Primeeng Group Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.3%, this is a lower level of debt than the average (69.5%)
46.3% - Primeeng Group Limited
69.5% - Industry AVG
PRIMEENG GROUP LIMITED financials
Primeeng Group Limited's latest turnover from December 2023 is £142.2 million and the company has net assets of £29.6 million. According to their latest financial statements, Primeeng Group Limited has 2,389 employees and maintains cash reserves of £18.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 142,185,797 | 126,669,378 | 97,304,136 | 70,550,995 | 71,858,586 | 64,983,190 | 45,021,782 | 28,026,445 | 19,680,891 | 15,125,943 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 94,550,712 | 77,114,356 | 58,394,128 | 44,264,573 | 47,060,297 | 43,383,576 | 29,683,573 | 18,615,553 | 12,893,031 | 13,026,543 |
| Gross Profit | 47,635,086 | 49,555,022 | 38,910,009 | 26,286,422 | 24,798,289 | 21,599,614 | 15,338,209 | 9,410,892 | 6,787,860 | 2,099,399 |
| Admin Expenses | 28,938,552 | 28,534,390 | 22,346,301 | 16,519,476 | 14,538,288 | 13,849,608 | 10,687,834 | 6,821,722 | 4,594,432 | -53,266 |
| Operating Profit | 18,696,534 | 21,020,632 | 16,563,708 | 9,766,946 | 10,260,001 | 7,750,006 | 4,650,375 | 2,589,170 | 2,193,428 | 2,152,665 |
| Interest Payable | 260,795 | 143,991 | 141,690 | 126,369 | 264,602 | 78,948 | 49,268 | 14,237 | 11,289 | 48,400 |
| Interest Receivable | 24,730 | 97,632 | 446,168 | 61,131 | 36 | 5,924 | 41,281 | 0 | 0 | 4,700 |
| Pre-Tax Profit | 18,460,470 | 20,974,273 | 16,868,187 | 9,701,708 | 9,995,435 | 7,681,183 | 4,632,864 | 2,573,119 | 2,191,018 | 2,159,741 |
| Tax | -4,818,367 | -5,429,626 | -4,732,975 | -2,673,549 | -2,761,826 | -1,947,706 | -1,197,842 | -495,175 | -347,559 | -427,616 |
| Profit After Tax | 13,642,103 | 15,544,647 | 12,135,211 | 7,028,159 | 7,233,609 | 5,733,477 | 3,435,022 | 2,077,944 | 1,843,459 | 1,732,125 |
| Dividends Paid | 7,103,132 | 13,738,703 | 3,053,867 | 2,535,926 | 2,579,536 | 0 | 53,073 | 5,415,401 | 569,372 | 0 |
| Retained Profit | 3,680,374 | -1,058,149 | 6,658,143 | 3,546,431 | 3,574,549 | 4,798,081 | 2,696,464 | -3,561,219 | 1,127,768 | 1,681,350 |
| Employee Costs | 87,758,733 | 76,515,128 | 61,208,822 | 45,313,046 | 47,003,974 | 44,707,642 | 31,128,089 | 19,329,960 | 13,018,301 | 9,005,556 |
| Number Of Employees | 2,389 | 2,333 | 2,082 | 1,620 | 1,495 | 1,474 | 1,049 | 794 | 513 | 2 |
| EBITDA* | 20,712,126 | 22,967,769 | 18,261,158 | 11,231,107 | 11,648,641 | 8,019,912 | 4,844,074 | 2,717,554 | 2,267,499 | 2,152,665 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,357,876 | 12,049,676 | 12,267,958 | 12,084,512 | 8,968,440 | 5,735,753 | 5,603,595 | 885,817 | 329,266 | 1,004,633 |
| Intangible Assets | 56,394 | 95,085 | 183,083 | 241,684 | 231,488 | 203,966 | 136,112 | 108,363 | 11,452 | 6,146 |
| Investments & Other | 7,529,110 | 7,605,672 | 7,699,754 | 7,680,992 | 4,643,898 | 605,899 | 542,185 | 322,802 | 95,442 | 12,570 |
| Debtors (Due After 1 year) | 159,603 | 142,894 | 294,686 | 222,655 | 47,055 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,414,270 | 12,144,760 | 12,156,354 | 12,103,540 | 9,152,872 | 5,939,719 | 5,739,706 | 994,180 | 340,718 | 1,010,778 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 33,477,891 | 37,844,798 | 30,175,786 | 17,389,029 | 18,315,935 | 16,501,226 | 11,689,016 | 7,548,146 | 7,929,753 | 6,477,176 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 17,290 |
| Misc Debtors | 2,773,765 | 2,745,346 | 1,842,455 | 3,981,759 | 3,443,867 | 3,277,248 | 2,503,045 | 2,057,607 | 1,680,873 | 686,101 |
| Cash | 18,530,340 | 16,110,714 | 12,320,956 | 6,476,601 | 4,395,914 | 2,759,007 | 1,489,156 | 1,246,745 | 1,103,202 | 988,675 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 54,781,996 | 56,700,860 | 44,339,198 | 29,503,888 | 26,792,831 | 22,537,481 | 15,681,218 | 10,852,498 | 10,713,829 | 8,169,244 |
| total assets | 67,196,266 | 68,845,620 | 56,495,552 | 41,607,428 | 35,945,703 | 28,477,200 | 21,420,924 | 11,846,678 | 11,054,547 | 9,180,022 |
| Bank overdraft | 64,556 | 1,723,617 | 1,656,448 | 1,185,883 | 802,967 | 0 | 1,126,134 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,434,941 | 1,429,640 | 1,167,368 | 1,168,467 | 1,072,206 | 12,451,632 | 1,311,130 | 564,998 | 255,859 | 364,746 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 1,867 | 1,196,777 | 0 | 398,414 | 0 | 0 |
| hp & lease commitments | 1,369,920 | 1,278,056 | 971,616 | 1,045,547 | 1,024,148 | 0 | 4,204 | 0 | 3,868 | 430,484 |
| other current liabilities | 25,691,421 | 29,150,278 | 16,670,133 | 11,874,743 | 12,641,190 | 14,994 | 9,303,671 | 6,246,917 | 3,584,413 | 2,755,787 |
| total current liabilities | 28,560,840 | 33,581,594 | 20,465,567 | 15,274,642 | 15,542,382 | 13,663,404 | 11,745,141 | 7,210,331 | 3,844,142 | 3,551,020 |
| loans | 5,105,051 | 11,453,291 | 14,760,546 | 14,570,938 | 10,210,382 | 7,376,391 | 8,824,831 | 1,944,052 | 0 | 0 |
| hp & lease commitments | 1,745,615 | 1,723,598 | 1,909,318 | 2,009,964 | 2,388,686 | 5,281 | 8,561 | 9,919 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,552,526 | 5,726,645 | 7,380,273 | 7,285,470 | 5,105,191 | 3,688,195 | 4,412,416 | 972,026 | -1 | 0 |
| total liabilities | 31,113,366 | 39,308,239 | 27,845,840 | 22,560,112 | 20,647,573 | 17,351,599 | 16,157,557 | 8,182,357 | 3,844,141 | 3,551,020 |
| net assets | 29,556,873 | 22,976,989 | 23,260,387 | 15,723,546 | 12,380,619 | 9,281,728 | 4,376,583 | 3,407,938 | 7,017,771 | 5,550,021 |
| total shareholders funds | 29,556,874 | 22,976,989 | 23,260,386 | 15,723,546 | 12,380,619 | 9,281,728 | 4,376,583 | 3,407,938 | 7,017,771 | 5,550,022 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 18,696,534 | 21,020,632 | 16,563,708 | 9,766,946 | 10,260,001 | 7,750,006 | 4,650,375 | 2,589,170 | 2,193,428 | 2,152,665 |
| Depreciation | 1,940,132 | 1,824,262 | 1,575,228 | 1,368,457 | 1,348,015 | 238,952 | 188,195 | 122,083 | 68,374 | |
| Amortisation | 75,460 | 122,874 | 122,222 | 95,704 | 40,625 | 30,954 | 5,503 | 6,301 | 5,697 | |
| Tax | -4,818,367 | -5,429,626 | -4,732,975 | -2,673,549 | -2,761,826 | -1,947,706 | -1,197,842 | -495,175 | -347,559 | -427,616 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -4,321,779 | 8,420,111 | 10,719,484 | -213,414 | 2,028,383 | 5,586,414 | 4,586,307 | -4,873 | 2,430,058 | 7,180,568 |
| Creditors | 5,301 | 262,273 | -1,099 | 96,261 | -11,379,427 | 11,140,502 | 746,132 | 309,139 | -108,887 | 364,746 |
| Accruals and Deferred Income | -3,458,857 | 12,480,145 | 4,795,390 | -766,447 | 12,626,196 | -9,288,677 | 3,056,754 | 2,662,504 | 828,626 | 2,755,787 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 16,761,982 | 21,860,449 | 7,602,990 | 8,100,786 | 8,105,201 | 2,337,617 | 2,862,810 | 5,198,895 | 209,621 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -76,562 | -94,082 | 18,762 | 3,037,094 | 4,037,999 | 63,714 | 219,383 | 227,360 | 82,872 | 12,570 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | -1,867 | -1,194,910 | 1,196,777 | -398,414 | 398,414 | 0 | 0 |
| Long term loans | -6,348,240 | -3,307,255 | 189,608 | 4,360,556 | 2,833,991 | -1,448,440 | 6,880,779 | 1,944,052 | 0 | 0 |
| Hire Purchase and Lease Commitments | 113,881 | 120,720 | -174,577 | -357,323 | 3,407,553 | -7,484 | 2,846 | 6,051 | -426,616 | 430,484 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -236,065 | -46,359 | 304,478 | -65,238 | -264,566 | -73,024 | -7,987 | -14,237 | -11,289 | -43,700 |
| cash flow from financing | -3,570,913 | -2,458,143 | 1,198,206 | 3,732,624 | 4,306,410 | -225,107 | 4,749,405 | 2,285,666 | -97,924 | 4,255,456 |
| cash and cash equivalents | ||||||||||
| cash | 2,419,626 | 3,789,758 | 5,844,355 | 2,080,687 | 1,636,907 | 1,269,851 | 242,411 | 143,543 | 114,527 | 988,675 |
| overdraft | -1,659,061 | 67,169 | 470,565 | 382,916 | 802,967 | -1,126,134 | 1,126,134 | 0 | 0 | 0 |
| change in cash | 4,078,687 | 3,722,589 | 5,373,790 | 1,697,771 | 833,940 | 2,395,985 | -883,723 | 143,543 | 114,527 | 988,675 |
primeeng group limited Credit Report and Business Information
Primeeng Group Limited Competitor Analysis
Perform a competitor analysis for primeeng group limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in W1S area or any other competitors across 12 key performance metrics.
primeeng group limited Ownership
PRIMEENG GROUP LIMITED group structure
Primeeng Group Limited has no subsidiary companies.
Ultimate parent company
PRIMEENG GROUP LIMITED
08958587
primeeng group limited directors
Primeeng Group Limited currently has 2 directors. The longest serving directors include Mr Ricardo Pereira Carvalho (Mar 2014) and Mr Christopher Backhouse (Dec 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ricardo Pereira Carvalho | United Kingdom | 45 years | Mar 2014 | - | Director |
| Mr Christopher Backhouse | United Kingdom | 67 years | Dec 2021 | - | Director |
P&L
December 2023turnover
142.2m
+12%
operating profit
18.7m
-11%
gross margin
33.6%
-14.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
29.6m
+0.29%
total assets
67.2m
-0.02%
cash
18.5m
+0.15%
net assets
Total assets minus all liabilities
primeeng group limited company details
company number
08958587
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
March 2014
age
10
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
ricardo carvalho investments limited (November 2016)
ricardo carvalho investment limited (April 2015)
accountant
-
auditor
CLARKSON HYDE LLP
address
aspen house, ground floor rear, 25 dover street, london, W1S 4LX
Bank
BARCLAYS BANK PLC
Legal Advisor
-
primeeng group 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 primeeng group limited.
primeeng group limited Companies House Filings - See Documents
| date | description | view/download |
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