pirum bidco limited
pirum bidco limited Company Information
Company Number
09411633
Next Accounts
Mar 2025
Shareholders
pirum midco 2 ltd
Group Structure
View All
Industry
Activities of head offices
Registered Address
4th floor 2 copthall avenue, london, EC2R 7DA
Website
www.pirum.compirum bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PIRUM BIDCO LIMITED at £188.5k based on a Turnover of £380.3k and 0.5x industry multiple (adjusted for size and gross margin).
pirum bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PIRUM BIDCO LIMITED at £0 based on an EBITDA of £-30.4k and a 3.81x industry multiple (adjusted for size and gross margin).
pirum bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PIRUM BIDCO LIMITED at £0 based on Net Assets of £-5.3m and 2.14x industry multiple (adjusted for liquidity).
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Pirum Bidco Limited Overview
Pirum Bidco Limited is a dissolved company that was located in london, EC2R 7DA with a Companies House number of 09411633. It operated in the activities of head offices sector, SIC Code 70100. Founded in January 2015, it's largest shareholder was pirum midco 2 ltd with a 100% stake. The last turnover for Pirum Bidco Limited was estimated at £380.3k.
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Pirum Bidco Limited Health Check
Pomanda's financial health check has awarded Pirum Bidco Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £380.3k, make it smaller than the average company (£17.7m)
£380.3k - Pirum Bidco Limited
£17.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (5.1%)
-2% - Pirum Bidco Limited
5.1% - Industry AVG
Production
with a gross margin of 32.3%, this company has a comparable cost of product (32.3%)
32.3% - Pirum Bidco Limited
32.3% - Industry AVG
Profitability
an operating margin of -8% make it less profitable than the average company (4.7%)
-8% - Pirum Bidco Limited
4.7% - Industry AVG
Employees
with 1 employees, this is below the industry average (118)
1 - Pirum Bidco Limited
118 - Industry AVG
Pay Structure
on an average salary of £236.2k, the company has a higher pay structure (£40.8k)
£236.2k - Pirum Bidco Limited
£40.8k - Industry AVG
Efficiency
resulting in sales per employee of £380.3k, this is more efficient (£166.9k)
£380.3k - Pirum Bidco Limited
£166.9k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Pirum Bidco Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Pirum Bidco Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Pirum Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - Pirum Bidco Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110.6%, this is a higher level of debt than the average (60.8%)
110.6% - Pirum Bidco Limited
60.8% - Industry AVG
PIRUM BIDCO LIMITED financials
Pirum Bidco Limited's latest turnover from March 2019 is £380.3 thousand and the company has net assets of -£5.3 million. According to their latest financial statements, Pirum Bidco Limited has 1 employee and maintains cash reserves of £81 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| Turnover | 380,311 | 350,670 | 377,349 | 404,249 |
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | -30,449 | -82,878 | -87,310 | -555,694 |
| Interest Payable | 1,654,364 | 996,760 | 1,043,817 | 1,151,571 |
| Interest Receivable | 771 | |||
| Pre-Tax Profit | -1,684,814 | -1,079,638 | -1,131,127 | -1,706,494 |
| Tax | ||||
| Profit After Tax | -1,684,814 | -1,079,638 | -1,131,127 | -1,706,494 |
| Dividends Paid | ||||
| Retained Profit | -1,684,814 | -1,079,638 | -1,131,127 | -1,706,494 |
| Employee Costs | 236,214 | 221,463 | 239,443 | 105,890 |
| Number Of Employees | 1 | 1 | 1 | |
| EBITDA* | -30,449 | -82,878 | -87,310 | -555,694 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| Tangible Assets | ||||
| Intangible Assets | ||||
| Investments & Other | 50,070,608 | 50,070,600 | 50,070,600 | 50,070,600 |
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 50,070,608 | 50,070,600 | 50,070,600 | 50,070,600 |
| Stock & work in progress | ||||
| Trade Debtors | ||||
| Group Debtors | ||||
| Misc Debtors | 37,567 | 20,298 | 46,647 | 84,320 |
| Cash | 81 | |||
| misc current assets | ||||
| total current assets | 37,648 | 20,298 | 46,647 | 84,320 |
| total assets | 50,108,256 | 50,090,898 | 50,117,247 | 50,154,920 |
| Bank overdraft | ||||
| Bank loan | 617,043 | |||
| Trade Creditors | ||||
| Group/Directors Accounts | 25,629,658 | 32,022,880 | 31,207,054 | 29,361,108 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 68,387 | 58,467 | 89,580 | 478,400 |
| total current liabilities | 25,698,045 | 32,081,347 | 31,296,634 | 30,456,551 |
| loans | 29,713,283 | 21,627,809 | 21,359,232 | 21,105,861 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 29,713,283 | 21,627,809 | 21,359,232 | 21,105,861 |
| total liabilities | 55,411,328 | 53,709,156 | 52,655,866 | 51,562,412 |
| net assets | -5,303,072 | -3,618,258 | -2,538,619 | -1,407,492 |
| total shareholders funds | -5,303,072 | -3,618,258 | -2,538,619 | -1,407,492 |
| Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -30,449 | -82,878 | -87,310 | -555,694 |
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | ||||
| Debtors | 17,269 | -26,349 | -37,673 | 84,320 |
| Creditors | ||||
| Accruals and Deferred Income | 9,920 | -31,113 | -388,820 | 478,400 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | -37,798 | -87,642 | -438,457 | -161,614 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 8 | 50,070,600 | ||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | -617,043 | 617,043 | ||
| Group/Directors Accounts | -6,393,222 | 815,826 | 1,845,946 | 29,361,108 |
| Other Short Term Loans | ||||
| Long term loans | 8,085,474 | 268,577 | 253,371 | 21,105,861 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | -1,654,364 | -996,760 | -1,043,817 | -1,150,800 |
| cash flow from financing | 37,888 | 87,642 | 438,457 | 50,232,214 |
| cash and cash equivalents | ||||
| cash | 81 | |||
| overdraft | ||||
| change in cash | 81 |
pirum bidco limited Credit Report and Business Information
Pirum Bidco Limited Competitor Analysis
Perform a competitor analysis for pirum bidco limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in EC2R area or any other competitors across 12 key performance metrics.
pirum bidco limited Ownership
PIRUM BIDCO LIMITED group structure
Pirum Bidco Limited has no subsidiary companies.
Ultimate parent company
NUCLEUS TOPCO LTD
#0116149
2 parents
PIRUM BIDCO LIMITED
09411633
pirum bidco limited directors
Pirum Bidco Limited currently has 2 directors. The longest serving directors include Mr Rajen Sheth (May 2017) and Mr Philip Morgan (Jun 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rajen Sheth | England | 59 years | May 2017 | - | Director |
| Mr Philip Morgan | United Kingdom | 51 years | Jun 2020 | - | Director |
P&L
March 2019turnover
380.3k
+8%
operating profit
-30.4k
-63%
gross margin
32.3%
+1.07%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2019net assets
-5.3m
+0.47%
total assets
50.1m
0%
cash
81
0%
net assets
Total assets minus all liabilities
pirum bidco limited company details
company number
09411633
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
January 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2019
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
4th floor 2 copthall avenue, london, EC2R 7DA
Bank
HSBC BANK PLC
Legal Advisor
SHOOSMITHS LLP
pirum bidco 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 3 charges/mortgages relating to pirum bidco limited. Currently there are 1 open charges and 2 have been satisfied in the past.
pirum bidco 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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pirum bidco limited Companies House Filings - See Documents
| date | description | view/download |
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