praesto consulting group ltd
praesto consulting group ltd Company Information
Company Number
10919925
Next Accounts
67 days late
Directors
Shareholders
jeremy ranson
kerrie ranson
View AllGroup Structure
View All
Industry
Computer consultancy activities
Registered Address
the rectory 3 croft road, hurworth, darlington, durham, DL2 2HD
Website
www.praestoconsulting.compraesto consulting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PRAESTO CONSULTING GROUP LTD at £12.8m based on a Turnover of £15.8m and 0.81x industry multiple (adjusted for size and gross margin).
praesto consulting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PRAESTO CONSULTING GROUP LTD at £17.5m based on an EBITDA of £3.1m and a 5.62x industry multiple (adjusted for size and gross margin).
praesto consulting group ltd Estimated Valuation
Pomanda estimates the enterprise value of PRAESTO CONSULTING GROUP LTD at £21.1m based on Net Assets of £9.2m and 2.29x industry multiple (adjusted for liquidity).
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Praesto Consulting Group Ltd Overview
Praesto Consulting Group Ltd is a live company located in darlington, DL2 2HD with a Companies House number of 10919925. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 2017, it's largest shareholder is jeremy ranson with a 43.5% stake. Praesto Consulting Group Ltd is a young, mid sized company, Pomanda has estimated its turnover at £15.8m with unknown growth in recent years.
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Praesto Consulting Group Ltd Health Check
Pomanda's financial health check has awarded Praesto Consulting Group Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £15.8m, make it larger than the average company (£1.2m)
£15.8m - Praesto Consulting Group Ltd
£1.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Praesto Consulting Group Ltd
- - Industry AVG
Production
with a gross margin of 30%, this company has a higher cost of product (48.9%)
30% - Praesto Consulting Group Ltd
48.9% - Industry AVG
Profitability
an operating margin of 18.7% make it more profitable than the average company (7.2%)
18.7% - Praesto Consulting Group Ltd
7.2% - Industry AVG
Employees
with 130 employees, this is above the industry average (12)
130 - Praesto Consulting Group Ltd
12 - Industry AVG
Pay Structure
on an average salary of £81.9k, the company has a higher pay structure (£56.4k)
£81.9k - Praesto Consulting Group Ltd
£56.4k - Industry AVG
Efficiency
resulting in sales per employee of £121.7k, this is equally as efficient (£123.7k)
£121.7k - Praesto Consulting Group Ltd
£123.7k - Industry AVG
Debtor Days
it gets paid by customers after 93 days, this is later than average (67 days)
93 days - Praesto Consulting Group Ltd
67 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (31 days)
3 days - Praesto Consulting Group Ltd
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Praesto Consulting Group Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 108 weeks, this is more cash available to meet short term requirements (19 weeks)
108 weeks - Praesto Consulting Group Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 25.4%, this is a lower level of debt than the average (58%)
25.4% - Praesto Consulting Group Ltd
58% - Industry AVG
PRAESTO CONSULTING GROUP LTD financials
Praesto Consulting Group Ltd's latest turnover from February 2023 is £15.8 million and the company has net assets of £9.2 million. According to their latest financial statements, Praesto Consulting Group Ltd has 130 employees and maintains cash reserves of £6.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 15,822,627 | 12,076,990 | ||||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 11,078,462 | 7,804,278 | ||||
| Gross Profit | 4,744,165 | 4,272,712 | ||||
| Admin Expenses | 1,783,862 | 1,277,661 | ||||
| Operating Profit | 2,960,303 | 2,995,051 | ||||
| Interest Payable | 98 | 679 | ||||
| Interest Receivable | 22,870 | 4,462 | ||||
| Pre-Tax Profit | 2,983,075 | 2,998,834 | ||||
| Tax | -688,532 | -608,213 | ||||
| Profit After Tax | 2,294,543 | 2,390,621 | ||||
| Dividends Paid | 0 | 990,000 | ||||
| Retained Profit | 2,294,543 | 1,400,621 | ||||
| Employee Costs | 10,647,621 | 7,332,221 | ||||
| Number Of Employees | 130 | 75 | ||||
| EBITDA* | 3,106,359 | 3,013,345 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 93,200 | 57,678 | 0 | 0 | 0 | 0 |
| Intangible Assets | 902,173 | 2,664 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 159,534 | 159,445 | 150,816 | 150,816 |
| Debtors (Due After 1 year) | 21,919 | 11,250 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,017,292 | 71,592 | 159,534 | 159,445 | 150,816 | 150,816 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,043,864 | 3,312,160 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 687,268 | 0 | 0 | 0 |
| Misc Debtors | 786,600 | 699,279 | 0 | 0 | 0 | 0 |
| Cash | 6,548,506 | 4,959,998 | 194,255 | 81,323 | 3,919 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,378,970 | 8,971,437 | 881,523 | 81,323 | 3,919 | 0 |
| total assets | 12,396,262 | 9,043,029 | 1,041,057 | 240,768 | 154,735 | 150,816 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 107,288 | 111,902 | 1,560 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 43,443 | 87 | 57,346 | 151,838 | 150,712 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,042,709 | 1,800,166 | 2,000 | 1,500 | 1,500 | 0 |
| total current liabilities | 3,149,997 | 1,955,511 | 3,647 | 58,846 | 153,338 | 150,712 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,500 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,500 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 3,153,497 | 1,955,511 | 3,647 | 58,846 | 153,338 | 150,712 |
| net assets | 9,242,765 | 7,087,518 | 1,037,410 | 181,922 | 1,397 | 104 |
| total shareholders funds | 9,242,765 | 7,087,518 | 1,037,410 | 181,922 | 1,397 | 104 |
| Feb 2023 | Feb 2022 | Feb 2021 | Feb 2020 | Feb 2019 | Feb 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 2,960,303 | 2,995,051 | ||||
| Depreciation | 54,701 | 17,800 | 0 | 0 | 0 | 0 |
| Amortisation | 91,355 | 494 | 0 | 0 | 0 | 0 |
| Tax | -688,532 | -608,213 | ||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 829,694 | 3,335,421 | 687,268 | 0 | 0 | 0 |
| Creditors | -4,614 | 110,342 | 1,560 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,242,543 | 1,798,166 | 500 | 0 | 1,500 | 0 |
| Deferred Taxes & Provisions | 3,500 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 2,829,562 | 978,219 | ||||
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | ||||
| Change in Investments | 0 | -159,534 | 89 | 8,629 | 0 | 150,816 |
| cash flow from investments | 0 | 159,534 | ||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -43,443 | 43,356 | -57,259 | -94,492 | 1,126 | 150,712 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | 22,772 | 3,783 | ||||
| cash flow from financing | -159,967 | 4,696,626 | ||||
| cash and cash equivalents | ||||||
| cash | 1,588,508 | 4,765,743 | 112,932 | 77,404 | 3,919 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,588,508 | 4,765,743 | 112,932 | 77,404 | 3,919 | 0 |
praesto consulting group ltd Credit Report and Business Information
Praesto Consulting Group Ltd Competitor Analysis
Perform a competitor analysis for praesto consulting group ltd by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in DL2 area or any other competitors across 12 key performance metrics.
praesto consulting group ltd Ownership
PRAESTO CONSULTING GROUP LTD group structure
Praesto Consulting Group Ltd has 2 subsidiary companies.
Ultimate parent company
PRAESTO CONSULTING GROUP LTD
10919925
2 subsidiaries
praesto consulting group ltd directors
Praesto Consulting Group Ltd currently has 1 director, Mr Jeremy Ranson serving since Aug 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jeremy Ranson | England | 47 years | Aug 2017 | - | Director |
P&L
February 2023turnover
15.8m
+31%
operating profit
3m
-1%
gross margin
30%
-15.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2023net assets
9.2m
+0.3%
total assets
12.4m
+0.37%
cash
6.5m
+0.32%
net assets
Total assets minus all liabilities
Similar Companies
praesto consulting group ltd company details
company number
10919925
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
August 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
February 2023
previous names
N/A
accountant
-
auditor
CP WAITES
address
the rectory 3 croft road, hurworth, darlington, durham, DL2 2HD
Bank
-
Legal Advisor
-
praesto consulting group 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 praesto consulting group ltd.
praesto consulting group ltd Capital Raised & Share Issues BETA
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praesto consulting group ltd Companies House Filings - See Documents
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