Puredrive Energy Ltd

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puredrive energy ltd Company Information

Company Number

10286123

Next Accounts

1 days late

Directors

Mark Millar

Paul Jesson

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Shareholders

tmeg management limited

shamir jiwa

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Group Structure

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Industry

Retail sale via mail order houses or via Internet

Registered Address

maximeyes (uk) limited, 56-58 high street, sutton, surrey, SM1 1EZ

Website

www.puredrive-energy.co.uk

puredrive energy ltd Estimated Valuation

£15m

Pomanda estimates the enterprise value of PUREDRIVE ENERGY LTD at £15m based on an EBITDA of £2.5m and a 5.99x industry multiple (adjusted for size and gross margin).

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Puredrive Energy Ltd is a live company located in sutton, SM1 1EZ with a Companies House number of 10286123. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in July 2016, it's largest shareholder is tmeg management limited with a 86.4% stake. Puredrive Energy Ltd is a young, large sized company, Pomanda has estimated its turnover at £25.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Puredrive Energy Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £25.8m, make it larger than the average company (£339.7k)

Growth

3 year (CAGR) sales growth of 140%, show it is growing at a faster rate (6.1%)

EXPORT

Puredrive Energy Ltd's latest turnover from June 2023 is estimated at £25.8 million and the company has net assets of £3.2 million. According to their latest financial statements, Puredrive Energy Ltd has 38 employees and maintains cash reserves of £380.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Jul 2017
Turnover	25,794,418	8,798,634	740,026	1,855,944	1,114,272	540,143	26,348
Other Income Or Grants
Cost Of Sales	16,344,996	5,554,458	460,426	1,215,743	680,911	340,058	16,244
Gross Profit	9,449,422	3,244,175	279,599	640,201	433,360	200,085	10,104
Admin Expenses	6,972,664	2,749,774	428,349	769,696	531,774	236,362	15,789
Operating Profit	2,476,758	494,401	-148,750	-129,495	-98,414	-36,277	-5,685
Interest Payable	19,911	11,297	8,508
Interest Receivable	12,956	1,208	28
Pre-Tax Profit	2,469,803	484,312	-157,230	-129,495	-98,414	-36,277	-5,685
Tax	-617,451	-92,019
Profit After Tax	1,852,352	392,293	-157,230	-129,495	-98,414	-36,277	-5,685
Dividends Paid
Retained Profit	1,852,352	392,293	-157,230	-129,495	-98,414	-36,277	-5,685
Employee Costs	1,042,173	626,692	108,990	282,118	165,773	90,818	28,114
Number Of Employees	38	23	4	11	6	3	1
EBITDA*	2,514,462	497,846	-148,750	-129,495	-98,414	-36,277	-5,685

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Jul 2017
Tangible Assets	281,484	133,978	15,456	8,592	5,491	7,772	2,400
Intangible Assets	25,665		2,400
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	307,149	133,978	17,856	8,592	5,491	7,772	2,400
Stock & work in progress	5,318,166	2,170,791	500,682
Trade Debtors	3,256,543	940,621	16,355	100,186	77,220	42,589	730
Group Debtors
Misc Debtors		40,015	61,468	1,500	1,500
Cash	380,803	137,433	55,902
misc current assets
total current assets	8,955,512	3,288,860	634,407	101,686	78,720	42,589	730
total assets	9,262,661	3,422,838	652,263	110,278	84,211	50,361	3,130
Bank overdraft	305,000	8,345	8,345
Bank loan
Trade Creditors	1,213,404	1,153,478	135,481	334,156	214,777	70,036	8,815
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	4,505,496	1,221,083	664,693
total current liabilities	6,023,900	2,382,906	808,519	334,156	214,777	70,036	8,815
loans	24,340	24,340	270,598
hp & lease commitments
Accruals and Deferred Income				6,710	9,810	10,472
other liabilities	477			39,283		11,815
provisions
total long term liabilities	24,817	24,340	270,598	45,993	9,810	22,287
total liabilities	6,048,717	2,407,246	1,079,117	380,149	224,587	92,323	8,815
net assets	3,213,944	1,015,592	-426,854	-269,871	-140,376	-41,962	-5,685
total shareholders funds	3,213,944	1,015,592	-426,854	-269,871	-140,376	-41,962	-5,685

	Jun 2023	Jun 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Jul 2017
Operating Activities
Operating Profit	2,476,758	494,401	-148,750	-129,495	-98,414	-36,277	-5,685
Depreciation	36,433	1,045
Amortisation	1,271	2,400
Tax	-617,451	-92,019
Stock	3,147,375	1,670,109	500,682
Debtors	2,275,907	902,813	-23,863	22,966	36,131	41,859	730
Creditors	59,926	1,017,997	-198,675	119,379	144,741	61,221	8,815
Accruals and Deferred Income	3,284,413	556,390	657,983	-3,100	-662	10,472
Deferred Taxes & Provisions
Cash flow from operations	-181,932	-592,708	-166,261	-36,182	9,534	-6,443	2,400
Investing Activities
capital expenditure	-210,875	-119,567	-9,264	-3,101	2,281	-5,372	-2,400
Change in Investments
cash flow from investments	-210,875	-119,567	-9,264	-3,101	2,281	-5,372	-2,400
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans		-246,258	270,598
Hire Purchase and Lease Commitments
other long term liabilities	477		-39,283	39,283	-11,815	11,815
share issue	346,000	1,050,153	247
interest	-6,955	-10,089	-8,480
cash flow from financing	339,522	793,806	223,082	39,283	-11,815	11,815
cash and cash equivalents
cash	243,370	81,531	55,902
overdraft	296,655		8,345
change in cash	-53,285	81,531	47,557

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for puredrive energy ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SM1 area or any other competitors across 12 key performance metrics.

PUREDRIVE ENERGY LTD group structure

Puredrive Energy Ltd has no subsidiary companies.

Ultimate parent company

TMEG MANAGEMENT LIMITED

09760040

1 parent

PUREDRIVE ENERGY LTD

10286123

PUREDRIVE ENERGY LTD Shareholders

tmeg management limited	86.4%
shamir jiwa	5.23%
mark millar	4.93%
hekmat baghbadrani	1.74%
paul jesson	0.73%
alan moorcroft	0.52%
linked endeavours ltd	0.31%
self energy limited	0.06%
christine barbara weatherby	0.05%
mark craze	0.03%

Puredrive Energy Ltd currently has 4 directors. The longest serving directors include Mr Mark Millar (Dec 2016) and Mr Paul Jesson (Apr 2020).

officer	country	age	start	end	role
Mr Mark Millar	England	58 years	Dec 2016	-	Director
Mr Paul Jesson	England	53 years	Apr 2020	-	Director
Mr Hekmat Baghbadrani	England	67 years	May 2022	-	Director
Mr Hekmat Baghbadrani	England	67 years	May 2022	-	Director

P&L

June 2023

turnover

25.8m

+193%

operating profit

2.5m

gross margin

36.7%

-0.64%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

3.2m

+2.16%

total assets

9.3m

+1.71%

cash

380.8k

+1.77%

net assets

Total assets minus all liabilities

Similar Companies

0.5

company number

10286123

Type

Private limited with Share Capital

industry

47910 - Retail sale via mail order houses or via Internet

incorporation date

July 2016

ultimate parent company

TMEG MANAGEMENT LIMITED

previous names

N/A

address

maximeyes (uk) limited, 56-58 high street, sutton, surrey, SM1 1EZ

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 puredrive energy ltd. Currently there are 2 open charges and 1 have been satisfied in the past.

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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puredrive energy ltd Company Information

puredrive energy ltd Estimated Valuation

puredrive energy ltd Estimated Valuation

puredrive energy ltd Estimated Valuation

Puredrive Energy Ltd Overview

Puredrive Energy Ltd Health Check

PUREDRIVE ENERGY LTD financials

puredrive energy ltd Credit Report and Business Information

Puredrive Energy Ltd Competitor Analysis

puredrive energy ltd Ownership

puredrive energy ltd directors

puredrive energy ltd company details

puredrive energy ltd Charges & Mortgages

puredrive energy ltd Capital Raised & Share Issues BETA

puredrive energy ltd Companies House Filings - See Documents