the prs reit plc
the prs reit plc Company Information
Company Number
10638461
Next Accounts
Dec 2025
Shareholders
undisclosed
Group Structure
View All
Industry
Activities of investment trusts
Registered Address
floor 3 1 st. ann street, manchester, M2 7LR
Website
www.theprsreit.comthe prs reit plc Estimated Valuation
Pomanda estimates the enterprise value of THE PRS REIT PLC at £164.3m based on a Turnover of £58.2m and 2.82x industry multiple (adjusted for size and gross margin).
the prs reit plc Estimated Valuation
Pomanda estimates the enterprise value of THE PRS REIT PLC at £1.2b based on an EBITDA of £111.7m and a 11.12x industry multiple (adjusted for size and gross margin).
the prs reit plc Estimated Valuation
Pomanda estimates the enterprise value of THE PRS REIT PLC at £868.9m based on Net Assets of £731.4m and 1.19x industry multiple (adjusted for liquidity).
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The Prs Reit Plc Overview
The Prs Reit Plc is a live company located in manchester, M2 7LR with a Companies House number of 10638461. It operates in the activities of investment trusts sector, SIC Code 64301. Founded in February 2017, it's largest shareholder is undisclosed with a 100% stake. The Prs Reit Plc is a young, large sized company, Pomanda has estimated its turnover at £58.2m with high growth in recent years.
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The Prs Reit Plc Health Check
Pomanda's financial health check has awarded The Prs Reit Plc a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
2 Weak
Size
annual sales of £58.2m, make it larger than the average company (£5.5m)
£58.2m - The Prs Reit Plc
£5.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (12.1%)
30% - The Prs Reit Plc
12.1% - Industry AVG
Production
with a gross margin of 81.2%, this company has a comparable cost of product (77.4%)
81.2% - The Prs Reit Plc
77.4% - Industry AVG
Profitability
an operating margin of 191.8% make it more profitable than the average company (39%)
191.8% - The Prs Reit Plc
39% - Industry AVG
Employees
with 294 employees, this is above the industry average (6)
- The Prs Reit Plc
6 - Industry AVG
Pay Structure
on an average salary of £724.5, the company has a lower pay structure (£50k)
- The Prs Reit Plc
£50k - Industry AVG
Efficiency
resulting in sales per employee of £198.1k, this is equally as efficient (£198.6k)
- The Prs Reit Plc
£198.6k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (42 days)
6 days - The Prs Reit Plc
42 days - Industry AVG
Creditor Days
its suppliers are paid after 66 days, this is close to average (64 days)
66 days - The Prs Reit Plc
64 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - The Prs Reit Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 19 weeks, this is less cash available to meet short term requirements (64 weeks)
19 weeks - The Prs Reit Plc
64 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 37.2%, this is a higher level of debt than the average (5.5%)
37.2% - The Prs Reit Plc
5.5% - Industry AVG
THE PRS REIT PLC financials
The Prs Reit Plc's latest turnover from June 2024 is £58.2 million and the company has net assets of £731.4 million. According to their latest financial statements, we estimate that The Prs Reit Plc has 294 employees and maintains cash reserves of £18.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 58,231,000 | 49,701,000 | 41,963,000 | 26,636,000 | 10,217,000 | 5,970,000 | 1,765,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 10,940,000 | 9,551,000 | 7,635,000 | 5,186,000 | 1,054,000 | 274,000 | |
| Gross Profit | 47,291,000 | 40,150,000 | 34,328,000 | 21,450,000 | 4,916,000 | 1,491,000 | |
| Admin Expenses | -64,421,000 | -18,731,000 | -92,686,000 | -32,255,000 | -9,730,000 | -1,176,000 | |
| Operating Profit | 111,712,000 | 58,881,000 | 127,014,000 | 53,705,000 | 19,863,000 | 14,646,000 | 2,667,000 |
| Interest Payable | 18,225,000 | 16,478,000 | 11,129,000 | 9,592,000 | 3,676,000 | 864,000 | |
| Interest Receivable | 188,000 | 49,000 | 4,000 | 220,000 | 789,000 | 570,000 | |
| Pre-Tax Profit | 93,675,000 | 42,452,000 | 115,889,000 | 44,113,000 | 16,407,000 | 14,571,000 | 3,237,000 |
| Tax | |||||||
| Profit After Tax | 93,675,000 | 42,452,000 | 115,889,000 | 44,113,000 | 16,407,000 | 14,571,000 | 3,237,000 |
| Dividends Paid | 16,478,000 | 21,430,000 | 24,764,000 | 19,811,000 | 27,241,000 | 8,700,000 | |
| Retained Profit | 77,197,000 | 42,452,000 | 94,459,000 | 19,349,000 | -3,404,000 | -12,670,000 | -5,463,000 |
| Employee Costs | 213,000 | 180,000 | 170,000 | 148,000 | 123,000 | 67,000 | |
| Number Of Employees | 4 | 5 | |||||
| EBITDA* | 111,712,000 | 58,881,000 | 127,014,000 | 53,705,000 | 19,863,000 | 14,646,000 | 2,667,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,139,823,000 | 1,034,732,000 | 961,915,000 | 780,366,000 | 577,119,000 | 362,275,000 | 121,109,000 |
| Intangible Assets | |||||||
| Investments & Other | 1,139,823,000 | 1,034,732,000 | 961,915,000 | 780,366,000 | 577,119,000 | 362,275,000 | 121,109,000 |
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 1,139,823,000 | 1,034,732,000 | 961,915,000 | 780,366,000 | 577,119,000 | 362,275,000 | 121,109,000 |
| Stock & work in progress | |||||||
| Trade Debtors | 1,015,000 | 565,000 | 291,000 | 457,000 | 191,000 | 89,000 | 155,000 |
| Group Debtors | |||||||
| Misc Debtors | 5,802,000 | 6,501,000 | 6,995,000 | 6,132,000 | 3,463,000 | 4,342,000 | 3,659,000 |
| Cash | 18,053,000 | 13,199,000 | 48,682,000 | 86,414,000 | 59,304,000 | 229,946,000 | 374,339,000 |
| misc current assets | |||||||
| total current assets | 24,870,000 | 20,265,000 | 55,968,000 | 93,003,000 | 62,958,000 | 235,414,000 | 378,153,000 |
| total assets | 1,164,693,000 | 1,054,997,000 | 1,017,883,000 | 873,369,000 | 640,077,000 | 597,689,000 | 499,262,000 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 1,988,000 | 4,003,000 | 14,227,000 | 7,291,000 | 8,849,000 | 12,953,000 | 5,022,000 |
| Group/Directors Accounts | |||||||
| other short term finances | 31,933,000 | 126,745,000 | 99,973,000 | 110,030,000 | |||
| hp & lease commitments | |||||||
| other current liabilities | 13,271,000 | 14,007,000 | 15,515,000 | 15,186,000 | 10,465,000 | 7,457,000 | 7,274,000 |
| total current liabilities | 47,192,000 | 144,755,000 | 129,715,000 | 132,507,000 | 19,314,000 | 20,410,000 | 12,296,000 |
| loans | 770,006,000 | 496,882,000 | 493,374,000 | 491,720,000 | 290,488,000 | 200,000,000 | |
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 1,073,000 | 2,081,000 | 2,243,000 | 4,732,000 | 4,598,000 | 2,954,000 | 961,000 |
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | 386,076,000 | 250,522,000 | 248,930,000 | 250,592,000 | 149,842,000 | 102,954,000 | 961,000 |
| total liabilities | 433,268,000 | 395,277,000 | 378,645,000 | 383,099,000 | 169,156,000 | 123,364,000 | 13,257,000 |
| net assets | 731,425,000 | 659,720,000 | 639,238,000 | 490,270,000 | 470,921,000 | 474,325,000 | 486,005,000 |
| total shareholders funds | 731,425,000 | 659,720,000 | 639,238,000 | 490,270,000 | 470,921,000 | 474,325,000 | 486,005,000 |
| Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 111,712,000 | 58,881,000 | 127,014,000 | 53,705,000 | 19,863,000 | 14,646,000 | 2,667,000 |
| Depreciation | |||||||
| Amortisation | |||||||
| Tax | |||||||
| Stock | |||||||
| Debtors | -249,000 | -220,000 | 697,000 | 2,935,000 | -777,000 | 617,000 | 3,814,000 |
| Creditors | -2,015,000 | -10,224,000 | 6,936,000 | -1,558,000 | -4,104,000 | 7,931,000 | 5,022,000 |
| Accruals and Deferred Income | -1,744,000 | -1,670,000 | -2,160,000 | 4,855,000 | 4,652,000 | 2,176,000 | 8,235,000 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 108,202,000 | 47,207,000 | 131,093,000 | 54,067,000 | 21,188,000 | 24,136,000 | 12,110,000 |
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 105,091,000 | 72,817,000 | 181,549,000 | 203,247,000 | 214,844,000 | 241,166,000 | 121,109,000 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -94,812,000 | 26,772,000 | -10,057,000 | 110,030,000 | |||
| Long term loans | 273,124,000 | 3,508,000 | 1,654,000 | 201,232,000 | 90,488,000 | 200,000,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | -18,037,000 | -16,429,000 | -11,125,000 | -9,592,000 | -3,456,000 | -75,000 | 570,000 |
| cash flow from financing | 154,783,000 | -8,119,000 | 34,981,000 | 301,670,000 | 87,032,000 | 200,915,000 | 492,038,000 |
| cash and cash equivalents | |||||||
| cash | 4,854,000 | -35,483,000 | -37,732,000 | 27,110,000 | -170,642,000 | -144,393,000 | 374,339,000 |
| overdraft | |||||||
| change in cash | 4,854,000 | -35,483,000 | -37,732,000 | 27,110,000 | -170,642,000 | -144,393,000 | 374,339,000 |
the prs reit plc Credit Report and Business Information
The Prs Reit Plc Competitor Analysis
Perform a competitor analysis for the prs reit plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in M 2 area or any other competitors across 12 key performance metrics.
the prs reit plc Ownership
THE PRS REIT PLC group structure
The Prs Reit Plc has 6 subsidiary companies.
Ultimate parent company
THE PRS REIT PLC
10638461
6 subsidiaries
the prs reit plc directors
The Prs Reit Plc currently has 6 directors. The longest serving directors include Mr David Francis (Apr 2017) and Mr Roderick MacRae (Apr 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Francis | United Kingdom | 70 years | Apr 2017 | - | Director |
| Mr Roderick MacRae | United Kingdom | 61 years | Apr 2017 | - | Director |
| Ms Geeta Nanda | 59 years | Mar 2021 | - | Director | |
| Ms Karima Fahmy | England | 46 years | Oct 2023 | - | Director |
| Mr Robert Naylor | England | 50 years | Oct 2024 | - | Director |
| Mr Christopher Mills | 72 years | Oct 2024 | - | Director |
P&L
June 2024turnover
58.2m
+17%
operating profit
111.7m
+90%
gross margin
81.3%
+0.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
731.4m
+0.11%
total assets
1.2b
+0.1%
cash
18.1m
+0.37%
net assets
Total assets minus all liabilities
the prs reit plc company details
company number
10638461
Type
Public limited with Share Capital
industry
64301 - Activities of investment trusts
incorporation date
February 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
June 2024
previous names
N/A
accountant
-
auditor
RSM UK AUDIT LLP
address
floor 3 1 st. ann street, manchester, M2 7LR
Bank
-
Legal Advisor
-
the prs reit plc 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 the prs reit plc.
the prs reit plc 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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the prs reit plc Companies House Filings - See Documents
| date | description | view/download |
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