passaic services limited
passaic services limited Company Information
Company Number
10830442
Next Accounts
Sep 2025
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Directors
Shareholders
passaic investments limited
Group Structure
View All
Contact
Registered Address
c/o hillier hopkins llp, first floor, radius house, watford, hertfordshire, WD17 1HP
Website
-passaic services limited Estimated Valuation
Pomanda estimates the enterprise value of PASSAIC SERVICES LIMITED at £115.2k based on a Turnover of £108.7k and 1.06x industry multiple (adjusted for size and gross margin).
passaic services limited Estimated Valuation
Pomanda estimates the enterprise value of PASSAIC SERVICES LIMITED at £0 based on an EBITDA of £-186.5k and a 4.52x industry multiple (adjusted for size and gross margin).
passaic services limited Estimated Valuation
Pomanda estimates the enterprise value of PASSAIC SERVICES LIMITED at £1.7m based on Net Assets of £1.4m and 1.26x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Passaic Services Limited Overview
Passaic Services Limited is a live company located in watford, WD17 1HP with a Companies House number of 10830442. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in June 2017, it's largest shareholder is passaic investments limited with a 100% stake. Passaic Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £108.7k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Passaic Services Limited Health Check
Pomanda's financial health check has awarded Passaic Services Limited a 2 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 £101.5k, make it smaller than the average company (£18.1m)
- Passaic Services Limited
£18.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -56%, show it is growing at a slower rate (7.2%)
- Passaic Services Limited
7.2% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
- Passaic Services Limited
35.1% - Industry AVG
Profitability
an operating margin of -236.1% make it less profitable than the average company (5%)
- Passaic Services Limited
5% - Industry AVG
Employees
with 1 employees, this is below the industry average (104)
1 - Passaic Services Limited
104 - Industry AVG
Pay Structure
on an average salary of £41.8k, the company has an equivalent pay structure (£41.8k)
- Passaic Services Limited
£41.8k - Industry AVG
Efficiency
resulting in sales per employee of £101.5k, this is less efficient (£179.7k)
- Passaic Services Limited
£179.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Passaic Services Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (46 days)
- Passaic Services Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Passaic Services Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (15 weeks)
43 weeks - Passaic Services Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 70.4%, this is a similar level of debt than the average (69.1%)
70.4% - Passaic Services Limited
69.1% - Industry AVG
PASSAIC SERVICES LIMITED financials
Passaic Services Limited's latest turnover from December 2023 is estimated at £108.7 thousand and the company has net assets of £1.4 million. According to their latest financial statements, Passaic Services Limited has 1 employee and maintains cash reserves of £3.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 65,342 | 409 | 704 | 1,107 | 245,111 | 475,627 | 500,000 |
| Intangible Assets | 0 | 0 | 0 | 314,314 | 0 | 0 | 0 |
| Investments & Other | 1,787,018 | 1,554,464 | 806,323 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,852,360 | 1,554,873 | 807,027 | 315,421 | 245,111 | 475,627 | 500,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 300,000 | 120,000 | 342,669 | 23,843 | 23,626 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 657,530 | 207,704 | 27,404 | 460,637 | 0 | 0 | 0 |
| Cash | 3,467,632 | 2,597,686 | 460,823 | 64,668 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,125,162 | 2,805,390 | 788,227 | 645,305 | 342,669 | 23,843 | 23,626 |
| total assets | 5,977,522 | 4,360,263 | 1,595,254 | 960,726 | 587,780 | 499,470 | 523,626 |
| Bank overdraft | 0 | 0 | 723 | 8,368 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 13 | 212 | 3,281 | 13,612 | 108,874 | 340,676 | 19,268 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 5,000 | 5,000 | 5,000 | 5,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,592,094 | 3,065,660 | 121,707 | 111,497 | 0 | 0 | 0 |
| total current liabilities | 4,597,107 | 3,070,872 | 130,711 | 138,477 | 108,874 | 340,676 | 19,268 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 |
| total liabilities | 4,597,107 | 3,070,872 | 130,711 | 138,477 | 108,874 | 340,676 | 519,268 |
| net assets | 1,380,415 | 1,289,391 | 1,464,543 | 822,249 | 478,906 | 158,794 | 4,358 |
| total shareholders funds | 1,380,415 | 1,289,391 | 1,464,543 | 822,249 | 478,906 | 158,794 | 4,358 |
| Dec 2023 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Dec 2018 | Dec 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 119 | 66 | 403 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | |||
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 330,126 | -119,700 | -253,233 | 237,968 | 342,669 | 217 | 23,626 |
| Creditors | -3,268 | -3,069 | -10,331 | -95,262 | 108,874 | 321,408 | 19,268 |
| Accruals and Deferred Income | 4,470,387 | 2,943,953 | 10,210 | 111,497 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 980,695 | 748,141 | 806,323 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 5,000 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -500,000 | 500,000 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | 3,006,809 | 2,136,863 | 396,155 | 64,668 | 0 | 0 | 0 |
| overdraft | -723 | -723 | -7,645 | 8,368 | 0 | 0 | 0 |
| change in cash | 3,007,532 | 2,137,586 | 403,800 | 56,300 | 0 | 0 | 0 |
passaic services limited Credit Report and Business Information
Passaic Services Limited Competitor Analysis
Perform a competitor analysis for passaic services limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other micro companies, companies in WD17 area or any other competitors across 12 key performance metrics.
passaic services limited Ownership
PASSAIC SERVICES LIMITED group structure
Passaic Services Limited has no subsidiary companies.
passaic services limited directors
Passaic Services Limited currently has 1 director, Mr Benedict Green serving since Jun 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Benedict Green | United Kingdom | 53 years | Jun 2017 | - | Director |
P&L
December 2023turnover
108.7k
-88%
operating profit
-186.6k
0%
gross margin
36.2%
+4.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.4m
-0.06%
total assets
6m
+2.75%
cash
3.5m
+6.52%
net assets
Total assets minus all liabilities
Similar Companies
passaic services limited company details
company number
10830442
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
c/o hillier hopkins llp, first floor, radius house, watford, hertfordshire, WD17 1HP
Bank
-
Legal Advisor
-
passaic services limited 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 passaic services limited.
passaic services limited 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.
Click to start generating capital raising & share issue transactions for PASSAIC SERVICES LIMITED. This can take several minutes, an email will notify you when this has completed.
passaic services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
