puraffinity ltd
puraffinity ltd Company Information
Company Number
09616956
Website
customem.launchrock.comRegistered Address
58 wood lane, scale space, london, W12 7RZ
Industry
Research and experimental development on biotechnology
Telephone
02071646057
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
henrik hagemann 18.8%
gabriella santosa 18.6%
View Allpuraffinity ltd Estimated Valuation
Pomanda estimates the enterprise value of PURAFFINITY LTD at £354k based on a Turnover of £786.4k and 0.45x industry multiple (adjusted for size and gross margin).
puraffinity ltd Estimated Valuation
Pomanda estimates the enterprise value of PURAFFINITY LTD at £0 based on an EBITDA of £-2.1m and a 1.9x industry multiple (adjusted for size and gross margin).
puraffinity ltd Estimated Valuation
Pomanda estimates the enterprise value of PURAFFINITY LTD at £16.7m based on Net Assets of £7.7m and 2.15x industry multiple (adjusted for liquidity).
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Puraffinity Ltd Overview
Puraffinity Ltd is a live company located in london, W12 7RZ with a Companies House number of 09616956. It operates in the research and experimental development on biotechnology sector, SIC Code 72110. Founded in June 2015, it's largest shareholder is henrik hagemann with a 18.8% stake. Puraffinity Ltd is a young, small sized company, Pomanda has estimated its turnover at £786.4k with high growth in recent years.
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Puraffinity Ltd Health Check
Pomanda's financial health check has awarded Puraffinity Ltd a 3 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 £786.4k, make it smaller than the average company (£3.5m)
- Puraffinity Ltd
£3.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (12.5%)
- Puraffinity Ltd
12.5% - Industry AVG
Production
with a gross margin of -16.4%, this company has a higher cost of product (54.5%)
- Puraffinity Ltd
54.5% - Industry AVG
Profitability
an operating margin of -278.9% make it less profitable than the average company (-0.4%)
- Puraffinity Ltd
-0.4% - Industry AVG
Employees
with 18 employees, this is below the industry average (43)
18 - Puraffinity Ltd
43 - Industry AVG
Pay Structure
on an average salary of £75.1k, the company has an equivalent pay structure (£75.1k)
- Puraffinity Ltd
£75.1k - Industry AVG
Efficiency
resulting in sales per employee of £43.7k, this is less efficient (£130.3k)
- Puraffinity Ltd
£130.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Puraffinity Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 41 days, this is quicker than average (73 days)
- Puraffinity Ltd
73 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Puraffinity Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1410 weeks, this is more cash available to meet short term requirements (35 weeks)
1410 weeks - Puraffinity Ltd
35 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 21.3%, this is a lower level of debt than the average (50.6%)
21.3% - Puraffinity Ltd
50.6% - Industry AVG
PURAFFINITY LTD financials
Puraffinity Ltd's latest turnover from June 2023 is estimated at £786.4 thousand and the company has net assets of £7.7 million. According to their latest financial statements, Puraffinity Ltd has 18 employees and maintains cash reserves of £9.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 321,942 | |||||||
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | -129,282 | -88,751 | 75,497 | -86,042 | 583,857 | |||
| Admin Expenses | 2,063,652 | 1,564,559 | 1,298,519 | 1,124,734 | 778,788 | |||
| Operating Profit | -2,192,934 | -1,653,310 | -1,223,022 | -1,210,776 | -194,931 | |||
| Interest Payable | 136,716 | 119,075 | 3,610 | 0 | 0 | 0 | ||
| Interest Receivable | 0 | 0 | 0 | 7,898 | 1,212 | 4 | ||
| Pre-Tax Profit | -2,329,650 | -1,772,385 | -1,226,632 | -1,202,878 | -193,719 | -31,370 | ||
| Tax | 145,662 | 98,217 | 89,637 | 72,112 | 41,193 | 0 | ||
| Profit After Tax | -2,183,988 | -1,674,168 | -1,136,995 | -1,130,766 | -152,526 | -31,370 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Retained Profit | -2,183,988 | -1,674,168 | -1,136,995 | -1,130,766 | -152,526 | -31,370 | ||
| Employee Costs | 414,386 | 155,650 | ||||||
| Number Of Employees | 18 | 16 | 14 | 15 | 11 | |||
| EBITDA* | -2,079,667 | -1,546,043 | -1,179,267 | -1,193,971 | -190,474 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 197,956 | 305,206 | 238,435 | 91,334 | 20,496 | 10,078 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 500 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 197,956 | 305,206 | 238,435 | 91,334 | 20,496 | 10,078 | 500 | 500 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 300 | 83,964 | 0 | 0 | 6,021 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 306,210 | 188,894 | 226,971 | 0 | 77,292 | 32,895 | 0 | 0 |
| Cash | 9,328,065 | 1,096,208 | 861,059 | 1,449,404 | 1,462,159 | 403,735 | 15,490 | 0 |
| misc current assets | 4,642 | 4,642 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,638,917 | 1,289,744 | 1,088,330 | 1,533,368 | 1,539,451 | 436,630 | 21,511 | 0 |
| total assets | 9,836,873 | 1,594,950 | 1,326,765 | 1,624,702 | 1,559,947 | 446,708 | 22,011 | 500 |
| Bank overdraft | 149,366 | 128,592 | 78,822 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 64,561 | 39,931 | 5,773 | 101,396 | 48,875 | 16,396 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 129,857 | 31,561 | 45,608 | 0 | 422,906 | 439,671 | 0 | 0 |
| total current liabilities | 343,784 | 200,084 | 130,203 | 101,396 | 471,781 | 456,067 | 0 | 0 |
| loans | 1,751,665 | 1,832,759 | 810,250 | 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 | 1,751,665 | 1,832,759 | 810,250 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,095,449 | 2,032,843 | 940,453 | 101,396 | 471,781 | 456,067 | 0 | 0 |
| net assets | 7,741,424 | -437,893 | 386,312 | 1,523,306 | 1,088,166 | -9,359 | 22,011 | 500 |
| total shareholders funds | 7,741,424 | -437,893 | 386,312 | 1,523,306 | 1,088,166 | -9,359 | 22,011 | 500 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -2,192,934 | -1,653,310 | -1,223,022 | -1,210,776 | -194,931 | |||
| Depreciation | 113,267 | 107,267 | 43,755 | 16,805 | 4,457 | 1,611 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 145,662 | 98,217 | 89,637 | 72,112 | 41,193 | 0 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 117,316 | -38,377 | 143,307 | 6,672 | 44,397 | 26,874 | 6,021 | 0 |
| Creditors | 24,630 | 34,158 | -95,623 | 52,521 | 32,479 | 16,396 | 0 | 0 |
| Accruals and Deferred Income | 98,296 | -14,047 | 45,608 | -422,906 | -16,765 | 439,671 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,928,395 | -1,389,338 | -1,282,952 | -1,498,916 | -177,964 | |||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | -500 | 0 | 500 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -81,094 | 1,022,509 | 810,250 | 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 | -136,716 | -119,075 | -3,610 | 7,898 | 1,212 | 4 | ||
| cash flow from financing | 10,145,495 | 1,753,397 | 806,641 | 1,573,804 | 1,251,263 | 4 | ||
| cash and cash equivalents | ||||||||
| cash | 8,231,857 | 235,149 | -588,345 | -12,755 | 1,058,424 | 388,245 | 15,490 | 0 |
| overdraft | 20,774 | 49,770 | 78,822 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 8,211,083 | 185,379 | -667,167 | -12,755 | 1,058,424 | 388,245 | 15,490 | 0 |
puraffinity ltd Credit Report and Business Information
Puraffinity Ltd Competitor Analysis
Perform a competitor analysis for puraffinity ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
puraffinity ltd Ownership
PURAFFINITY LTD group structure
Puraffinity Ltd has no subsidiary companies.
Ultimate parent company
PURAFFINITY LTD
09616956
puraffinity ltd directors
Puraffinity Ltd currently has 3 directors. The longest serving directors include Mr Henrik Hagemann (Jun 2015) and Mr John Glushik (Jan 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Henrik Hagemann | England | 33 years | Jun 2015 | - | Director |
| Mr John Glushik | England | 55 years | Jan 2022 | - | Director |
| Dr Owen Metters | United Kingdom | 34 years | Jun 2023 | - | Director |
P&L
June 2023turnover
786.4k
+61%
operating profit
-2.2m
+33%
gross margin
-16.4%
-9.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
7.7m
-18.68%
total assets
9.8m
+5.17%
cash
9.3m
+7.51%
net assets
Total assets minus all liabilities
puraffinity ltd company details
company number
09616956
Type
Private limited with Share Capital
industry
72110 - Research and experimental development on biotechnology
incorporation date
June 2015
age
9
accounts
Unaudited Abridged
ultimate parent company
previous names
customem ltd (July 2019)
incorporated
UK
address
58 wood lane, scale space, london, W12 7RZ
last accounts submitted
June 2023
puraffinity 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 found 3 charges/mortgages relating to puraffinity ltd. Currently there are 3 open charges and 0 have been satisfied in the past.
puraffinity ltd Companies House Filings - See Documents
| date | description | view/download |
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