provego limited
provego limited Company Information
Company Number
09366935
Next Accounts
4 days late
Industry
Activities of insurance agents and brokers
Shareholders
bspoke central services ltd
andrew evans
View AllGroup Structure
View All
Contact
Registered Address
brookfield court selby road, garforth, leeds, LS25 1NB
Website
www.provego.co.ukprovego limited Estimated Valuation
Pomanda estimates the enterprise value of PROVEGO LIMITED at £2.2m based on a Turnover of £1.9m and 1.15x industry multiple (adjusted for size and gross margin).
provego limited Estimated Valuation
Pomanda estimates the enterprise value of PROVEGO LIMITED at £7.3m based on an EBITDA of £1.1m and a 6.87x industry multiple (adjusted for size and gross margin).
provego limited Estimated Valuation
Pomanda estimates the enterprise value of PROVEGO LIMITED at £3.6m based on Net Assets of £2m and 1.83x industry multiple (adjusted for liquidity).
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Provego Limited Overview
Provego Limited is a live company located in leeds, LS25 1NB with a Companies House number of 09366935. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in December 2014, it's largest shareholder is bspoke central services ltd with a 84.9% stake. Provego Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with rapid growth in recent years.
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Provego Limited Health Check
Pomanda's financial health check has awarded Provego Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £1.9m, make it smaller than the average company (£2.6m)
£1.9m - Provego Limited
£2.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 41%, show it is growing at a faster rate (5.2%)
41% - Provego Limited
5.2% - Industry AVG
Production
with a gross margin of 96.8%, this company has a comparable cost of product (96.8%)
96.8% - Provego Limited
96.8% - Industry AVG
Profitability
an operating margin of 54.3% make it more profitable than the average company (19.5%)
54.3% - Provego Limited
19.5% - Industry AVG
Employees
with 12 employees, this is below the industry average (18)
12 - Provego Limited
18 - Industry AVG
Pay Structure
on an average salary of £50.2k, the company has an equivalent pay structure (£48.8k)
£50.2k - Provego Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £162.1k, this is more efficient (£108.8k)
£162.1k - Provego Limited
£108.8k - Industry AVG
Debtor Days
it gets paid by customers after 69 days, this is near the average (70 days)
69 days - Provego Limited
70 days - Industry AVG
Creditor Days
its suppliers are paid after 128 days, this is quicker than average (145 days)
128 days - Provego Limited
145 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Provego Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (37 weeks)
0 weeks - Provego Limited
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 13.8%, this is a lower level of debt than the average (60%)
13.8% - Provego Limited
60% - Industry AVG
PROVEGO LIMITED financials
Provego Limited's latest turnover from March 2023 is £1.9 million and the company has net assets of £2 million. According to their latest financial statements, Provego Limited has 12 employees and maintains cash reserves of £271 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 1,945,473 | 1,446,921 | 1,140,704 | 697,063 | ||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 1,055,709 | 697,338 | 540,760 | 115,781 | ||||
| Interest Payable | 2,937 | 5,837 | 0 | 0 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 1,052,772 | 691,501 | 540,760 | 115,781 | ||||
| Tax | -222,543 | -240,644 | -106,154 | -23,225 | ||||
| Profit After Tax | 830,229 | 450,857 | 434,606 | 92,556 | ||||
| Dividends Paid | 0 | 0 | 0 | 0 | ||||
| Retained Profit | 830,229 | 450,857 | 434,606 | 92,556 | ||||
| Employee Costs | 602,406 | 541,192 | 411,523 | 395,749 | ||||
| Number Of Employees | 12 | 10 | 6 | 6 | 6 | 6 | 5 | 5 |
| EBITDA* | 1,058,562 | 699,536 | 542,556 | 117,425 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,011 | 3,482 | 0 | 0 | 0 | 0 | 1,228 | 2,704 |
| Intangible Assets | 15,368 | 14,861 | 3,590 | 5,386 | 1,664 | 3,328 | 4,992 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,379 | 18,343 | 3,590 | 5,386 | 1,664 | 3,328 | 6,220 | 2,704 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 368,409 | 1,181,368 | 241,242 | 137,940 | 94,217 | 93,749 | 50,522 | 41,461 |
| Group Debtors | 1,884,761 | 0 | 482,997 | 132,402 | 36,600 | 0 | 0 | 0 |
| Misc Debtors | 350 | 0 | 2,127 | 1,248 | 351 | 351 | 68,083 | 351 |
| Cash | 271 | 385 | 900 | 124 | 600,162 | 407,657 | 271,705 | 119,234 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,253,791 | 1,181,753 | 727,266 | 271,714 | 731,330 | 501,757 | 390,310 | 161,046 |
| total assets | 2,272,170 | 1,200,096 | 730,856 | 277,100 | 732,994 | 505,085 | 396,530 | 163,750 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 21,599 | 63 | 0 | 0 | 564,566 | 396,658 | 299,396 | 264,605 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 8,737 | 0 | 34,701 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 291,374 | 71,065 | 52,745 | 33,595 | 17,479 | 8,310 | 98,971 | 104,034 |
| total current liabilities | 312,973 | 71,128 | 52,745 | 33,595 | 582,045 | 413,705 | 398,367 | 403,340 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 312,973 | 71,128 | 52,745 | 33,595 | 582,045 | 413,705 | 398,367 | 403,340 |
| net assets | 1,959,197 | 1,128,968 | 678,111 | 243,505 | 150,949 | 91,380 | -1,837 | -239,590 |
| total shareholders funds | 1,959,197 | 1,128,968 | 678,111 | 243,505 | 150,949 | 91,380 | -1,837 | -239,590 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 1,055,709 | 697,338 | 540,760 | 115,781 | ||||
| Depreciation | 1,057 | 403 | 0 | 0 | 1,476 | 1,722 | ||
| Amortisation | 1,796 | 1,795 | 1,796 | 1,644 | 0 | 0 | ||
| Tax | -222,543 | -240,644 | -106,154 | -23,225 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,072,152 | 455,002 | 454,776 | 140,422 | 37,068 | -24,505 | 76,793 | 41,812 |
| Creditors | 21,536 | 63 | 0 | -564,566 | 167,908 | 97,262 | 34,791 | 264,605 |
| Accruals and Deferred Income | 220,309 | 18,320 | 19,150 | 16,116 | 9,169 | -90,661 | -5,063 | 104,034 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 5,712 | 22,273 | 776 | -594,672 | ||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -8,737 | 8,737 | -34,701 | 34,701 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -2,937 | -5,837 | 0 | 0 | ||||
| cash flow from financing | -2,937 | -5,837 | 0 | 0 | ||||
| cash and cash equivalents | ||||||||
| cash | -114 | -515 | 776 | -600,038 | 192,505 | 135,952 | 152,471 | 119,234 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -114 | -515 | 776 | -600,038 | 192,505 | 135,952 | 152,471 | 119,234 |
provego limited Credit Report and Business Information
Provego Limited Competitor Analysis
Perform a competitor analysis for provego limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in LS25 area or any other competitors across 12 key performance metrics.
provego limited Ownership
PROVEGO LIMITED group structure
Provego Limited has no subsidiary companies.
Ultimate parent company
2 parents
PROVEGO LIMITED
09366935
provego limited directors
Provego Limited currently has 4 directors. The longest serving directors include Mr Andrew Evans (Dec 2014) and Mr Timothy Smyth (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Evans | England | 66 years | Dec 2014 | - | Director |
| Mr Timothy Smyth | England | 57 years | May 2017 | - | Director |
| Mr Daniel Carder | England | 62 years | Jul 2019 | - | Director |
| Mr Craig Hunter | England | 50 years | Oct 2022 | - | Director |
P&L
March 2023turnover
1.9m
+34%
operating profit
1.1m
+51%
gross margin
96.9%
+2.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2m
+0.74%
total assets
2.3m
+0.89%
cash
271
-0.3%
net assets
Total assets minus all liabilities
provego limited company details
company number
09366935
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
December 2014
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
CROWE U.K. LLP
address
brookfield court selby road, garforth, leeds, LS25 1NB
Bank
HSBC BANK PLC
Legal Advisor
-
provego 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 found 1 charges/mortgages relating to provego limited. Currently there are 1 open charges and 0 have been satisfied in the past.
provego 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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provego limited Companies House Filings - See Documents
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