primus financial solutions ltd
primus financial solutions ltd Company Information
Company Number
09530942
Next Accounts
Dec 2025
Directors
Shareholders
ivan mark sinclair
maria theresa sinclair
View AllGroup Structure
View All
Industry
Activities of mortgage finance companies
Registered Address
467 rainham road south, dagenham, RM10 7XJ
Website
www.primusfinancial.co.ukprimus financial solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS FINANCIAL SOLUTIONS LTD at £53.7k based on a Turnover of £74.9k and 0.72x industry multiple (adjusted for size and gross margin).
primus financial solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS FINANCIAL SOLUTIONS LTD at £0 based on an EBITDA of £-25.3k and a 3.03x industry multiple (adjusted for size and gross margin).
primus financial solutions ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMUS FINANCIAL SOLUTIONS LTD at £128.3k based on Net Assets of £35.6k and 3.6x industry multiple (adjusted for liquidity).
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Primus Financial Solutions Ltd Overview
Primus Financial Solutions Ltd is a live company located in dagenham, RM10 7XJ with a Companies House number of 09530942. It operates in the activities of mortgage finance companies sector, SIC Code 64922. Founded in April 2015, it's largest shareholder is ivan mark sinclair with a 89.5% stake. Primus Financial Solutions Ltd is a established, micro sized company, Pomanda has estimated its turnover at £74.9k with high growth in recent years.
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Primus Financial Solutions Ltd Health Check
Pomanda's financial health check has awarded Primus Financial Solutions Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £74.9k, make it smaller than the average company (£6.1m)
- Primus Financial Solutions Ltd
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (8.8%)
- Primus Financial Solutions Ltd
8.8% - Industry AVG
Production
with a gross margin of 4.6%, this company has a higher cost of product (29.2%)
- Primus Financial Solutions Ltd
29.2% - Industry AVG
Profitability
an operating margin of -33.8% make it less profitable than the average company (11.8%)
- Primus Financial Solutions Ltd
11.8% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Primus Financial Solutions Ltd
5 - Industry AVG
Pay Structure
on an average salary of £53.7k, the company has an equivalent pay structure (£53.7k)
- Primus Financial Solutions Ltd
£53.7k - Industry AVG
Efficiency
resulting in sales per employee of £74.9k, this is less efficient (£242.1k)
- Primus Financial Solutions Ltd
£242.1k - Industry AVG
Debtor Days
it gets paid by customers after 264 days, this is later than average (19 days)
- Primus Financial Solutions Ltd
19 days - Industry AVG
Creditor Days
its suppliers are paid after 96 days, this is slower than average (15 days)
- Primus Financial Solutions Ltd
15 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Primus Financial Solutions Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Primus Financial Solutions Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.6%, this is a lower level of debt than the average (93.9%)
34.6% - Primus Financial Solutions Ltd
93.9% - Industry AVG
PRIMUS FINANCIAL SOLUTIONS LTD financials
Primus Financial Solutions Ltd's latest turnover from March 2024 is estimated at £74.9 thousand and the company has net assets of £35.6 thousand. According to their latest financial statements, Primus Financial Solutions Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 111 | 167 | 222 | ||||||
| Intangible Assets | |||||||||
| Investments & Other | |||||||||
| Debtors (Due After 1 year) | |||||||||
| Total Fixed Assets | 111 | 167 | 222 | ||||||
| Stock & work in progress | |||||||||
| Trade Debtors | 54,368 | 127,489 | 122,389 | 88,897 | 52,032 | 3,731 | 32,296 | ||
| Group Debtors | |||||||||
| Misc Debtors | 2,000 | ||||||||
| Cash | 58,218 | 60,993 | 31,157 | ||||||
| misc current assets | |||||||||
| total current assets | 54,368 | 127,489 | 122,389 | 88,897 | 52,032 | 61,949 | 60,993 | 33,157 | 32,296 |
| total assets | 54,479 | 127,656 | 122,611 | 88,897 | 52,032 | 61,949 | 60,993 | 33,157 | 32,296 |
| Bank overdraft | |||||||||
| Bank loan | |||||||||
| Trade Creditors | 18,851 | 66,709 | 62,021 | 15,337 | 15,213 | 20,818 | 2,519 | 31,154 | |
| Group/Directors Accounts | 168 | ||||||||
| other short term finances | |||||||||
| hp & lease commitments | |||||||||
| other current liabilities | 26,320 | 18,247 | |||||||
| total current liabilities | 18,851 | 66,709 | 62,021 | 15,337 | 15,381 | 20,818 | 28,839 | 18,247 | 31,154 |
| loans | |||||||||
| hp & lease commitments | |||||||||
| Accruals and Deferred Income | 1,140 | ||||||||
| other liabilities | |||||||||
| provisions | |||||||||
| total long term liabilities | 1,140 | ||||||||
| total liabilities | 18,851 | 66,709 | 62,021 | 15,337 | 15,381 | 20,818 | 28,839 | 18,247 | 32,294 |
| net assets | 35,628 | 60,947 | 60,590 | 73,560 | 36,651 | 41,131 | 32,154 | 14,910 | 2 |
| total shareholders funds | 35,628 | 60,947 | 60,590 | 73,560 | 36,651 | 41,131 | 32,154 | 14,910 | 2 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | |||||||||
| Amortisation | |||||||||
| Tax | |||||||||
| Stock | |||||||||
| Debtors | -73,121 | 5,100 | 33,492 | 36,865 | 48,301 | 3,731 | -2,000 | -30,296 | 32,296 |
| Creditors | -47,858 | 4,688 | 46,684 | 124 | -5,605 | 18,299 | 2,519 | -31,154 | 31,154 |
| Accruals and Deferred Income | -26,320 | 8,073 | 17,107 | 1,140 | |||||
| Deferred Taxes & Provisions | |||||||||
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | |||||||||
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | |||||||||
| Group/Directors Accounts | -168 | 168 | |||||||
| Other Short Term Loans | |||||||||
| Long term loans | |||||||||
| Hire Purchase and Lease Commitments | |||||||||
| other long term liabilities | |||||||||
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -58,218 | -2,775 | 29,836 | 31,157 | |||||
| overdraft | |||||||||
| change in cash | -58,218 | -2,775 | 29,836 | 31,157 |
primus financial solutions ltd Credit Report and Business Information
Primus Financial Solutions Ltd Competitor Analysis
Perform a competitor analysis for primus financial solutions ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in RM10 area or any other competitors across 12 key performance metrics.
primus financial solutions ltd Ownership
PRIMUS FINANCIAL SOLUTIONS LTD group structure
Primus Financial Solutions Ltd has no subsidiary companies.
Ultimate parent company
PRIMUS FINANCIAL SOLUTIONS LTD
09530942
primus financial solutions ltd directors
Primus Financial Solutions Ltd currently has 1 director, Mr Ivan Sinclair serving since Apr 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ivan Sinclair | England | 59 years | Apr 2015 | - | Director |
P&L
March 2024turnover
74.9k
-57%
operating profit
-25.3k
0%
gross margin
4.6%
-46.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
35.6k
-0.42%
total assets
54.5k
-0.57%
cash
0
0%
net assets
Total assets minus all liabilities
primus financial solutions ltd company details
company number
09530942
Type
Private limited with Share Capital
industry
64922 - Activities of mortgage finance companies
incorporation date
April 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
-
address
467 rainham road south, dagenham, RM10 7XJ
Bank
-
Legal Advisor
-
primus financial solutions 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 primus financial solutions ltd.
primus financial solutions ltd 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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primus financial solutions ltd Companies House Filings - See Documents
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