prodes technology services ltd
prodes technology services ltd Company Information
Company Number
09694774
Next Accounts
55 days late
Shareholders
kumar ramakrishnan
Group Structure
View All
Industry
Computer consultancy activities
Registered Address
58 highbury grove, portsmouth, hampshire, PO6 2RS
Website
-prodes technology services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRODES TECHNOLOGY SERVICES LTD at £186.7k based on a Turnover of £356.3k and 0.52x industry multiple (adjusted for size and gross margin).
prodes technology services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRODES TECHNOLOGY SERVICES LTD at £0 based on an EBITDA of £-73.3k and a 3.69x industry multiple (adjusted for size and gross margin).
prodes technology services ltd Estimated Valuation
Pomanda estimates the enterprise value of PRODES TECHNOLOGY SERVICES LTD at £0 based on Net Assets of £-336.6k and 2.29x industry multiple (adjusted for liquidity).
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Prodes Technology Services Ltd Overview
Prodes Technology Services Ltd is a live company located in hampshire, PO6 2RS with a Companies House number of 09694774. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in July 2015, it's largest shareholder is kumar ramakrishnan with a 100% stake. Prodes Technology Services Ltd is a established, micro sized company, Pomanda has estimated its turnover at £356.3k with declining growth in recent years.
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Prodes Technology Services Ltd Health Check
Pomanda's financial health check has awarded Prodes Technology Services Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
3 Regular
6 Weak
Size
annual sales of £356.3k, make it smaller than the average company (£1.3m)
- Prodes Technology Services Ltd
£1.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (5.6%)
- Prodes Technology Services Ltd
5.6% - Industry AVG
Production
with a gross margin of 26.5%, this company has a higher cost of product (49.1%)
- Prodes Technology Services Ltd
49.1% - Industry AVG
Profitability
an operating margin of -20.6% make it less profitable than the average company (6.9%)
- Prodes Technology Services Ltd
6.9% - Industry AVG
Employees
with 3 employees, this is below the industry average (13)
3 - Prodes Technology Services Ltd
13 - Industry AVG
Pay Structure
on an average salary of £56.6k, the company has an equivalent pay structure (£56.6k)
- Prodes Technology Services Ltd
£56.6k - Industry AVG
Efficiency
resulting in sales per employee of £118.8k, this is equally as efficient (£124.3k)
- Prodes Technology Services Ltd
£124.3k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is near the average (65 days)
- Prodes Technology Services Ltd
65 days - Industry AVG
Creditor Days
its suppliers are paid after 510 days, this is slower than average (30 days)
- Prodes Technology Services Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prodes Technology Services Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prodes Technology Services Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 545.6%, this is a higher level of debt than the average (57.8%)
545.6% - Prodes Technology Services Ltd
57.8% - Industry AVG
PRODES TECHNOLOGY SERVICES LTD financials
Prodes Technology Services Ltd's latest turnover from April 2023 is estimated at £356.3 thousand and the company has net assets of -£336.6 thousand. According to their latest financial statements, Prodes Technology Services Ltd has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 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 | 3 | 3 | 3 | 3 | 6 | 6 | 6 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,830 | 4,802 | 1,405 | 587 | ||||
| Intangible Assets | ||||||||
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 1,830 | 4,802 | 1,405 | 587 | ||||
| Stock & work in progress | ||||||||
| Trade Debtors | 75,542 | 115,384 | 152,107 | 171,332 | 26,200 | 42,483 | 1 | |
| Group Debtors | ||||||||
| Misc Debtors | 21,501 | 15,678 | ||||||
| Cash | 59,028 | 55,269 | ||||||
| misc current assets | ||||||||
| total current assets | 75,542 | 115,384 | 152,107 | 171,332 | 106,729 | 70,947 | 42,483 | 1 |
| total assets | 75,542 | 115,384 | 153,937 | 176,134 | 108,134 | 71,534 | 42,483 | 1 |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 366,279 | 327,249 | 262,920 | 300,928 | 37,985 | 44,115 | 42,096 | |
| Group/Directors Accounts | ||||||||
| other short term finances | ||||||||
| hp & lease commitments | ||||||||
| other current liabilities | 19,088 | 19,516 | ||||||
| total current liabilities | 366,279 | 327,249 | 262,920 | 300,928 | 57,073 | 63,631 | 42,096 | |
| loans | ||||||||
| hp & lease commitments | ||||||||
| Accruals and Deferred Income | 3,000 | 3,000 | 3,000 | 3,000 | ||||
| other liabilities | 42,856 | 48,384 | 50,000 | |||||
| provisions | ||||||||
| total long term liabilities | 45,856 | 51,384 | 53,000 | 3,000 | ||||
| total liabilities | 412,135 | 378,633 | 315,920 | 303,928 | 57,073 | 63,631 | 42,096 | |
| net assets | -336,593 | -263,249 | -161,983 | -127,794 | 51,061 | 7,903 | 387 | 1 |
| total shareholders funds | -336,593 | -263,249 | -161,983 | -127,794 | 51,061 | 7,903 | 387 | 1 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 849 | |||||||
| Amortisation | ||||||||
| Tax | ||||||||
| Stock | ||||||||
| Debtors | -39,842 | -36,723 | -19,225 | 123,631 | 32,023 | -26,805 | 42,482 | 1 |
| Creditors | 39,030 | 64,329 | -38,008 | 262,943 | -6,130 | 2,019 | 42,096 | |
| Accruals and Deferred Income | -16,088 | -428 | 19,516 | |||||
| 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 | ||||||||
| Other Short Term Loans | ||||||||
| Long term loans | ||||||||
| Hire Purchase and Lease Commitments | ||||||||
| other long term liabilities | -5,528 | -1,616 | 50,000 | |||||
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | -59,028 | 3,759 | 55,269 | |||||
| overdraft | ||||||||
| change in cash | -59,028 | 3,759 | 55,269 |
prodes technology services ltd Credit Report and Business Information
Prodes Technology Services Ltd Competitor Analysis
Perform a competitor analysis for prodes technology services ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in PO6 area or any other competitors across 12 key performance metrics.
prodes technology services ltd Ownership
PRODES TECHNOLOGY SERVICES LTD group structure
Prodes Technology Services Ltd has no subsidiary companies.
Ultimate parent company
PRODES TECHNOLOGY SERVICES LTD
09694774
prodes technology services ltd directors
Prodes Technology Services Ltd currently has 3 directors. The longest serving directors include Mr Seejo Tony (Jul 2015) and Mr Kumar Ramakrishnan (Apr 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Seejo Tony | United Kingdom | 48 years | Jul 2015 | - | Director |
| Mr Kumar Ramakrishnan | United Kingdom | 50 years | Apr 2016 | - | Director |
| Mr Prasannakumar Nanjappa Gowda | England | 52 years | Apr 2017 | - | Director |
P&L
April 2023turnover
356.3k
-9%
operating profit
-73.3k
0%
gross margin
26.5%
-5.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
-336.6k
+0.28%
total assets
75.5k
-0.35%
cash
0
0%
net assets
Total assets minus all liabilities
prodes technology services ltd company details
company number
09694774
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
July 2015
age
10
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
-
address
58 highbury grove, portsmouth, hampshire, PO6 2RS
Bank
-
Legal Advisor
-
prodes technology services 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 prodes technology services ltd.
prodes technology services 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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prodes technology services ltd Companies House Filings - See Documents
| date | description | view/download |
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