pionen limited
pionen limited Company Information
Company Number
11220649
Website
www.pionen.co.ukRegistered Address
4 sweetlake court, mercian close, shrewsbury, shropshire, SY3 9GE
Industry
Computer consultancy activities
Security systems service activities
Telephone
441743296535
Next Accounts Due
July 2025
Group Structure
View All
Shareholders
stephen moran 27.5%
nigel wakefield 27.5%
View Allpionen limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEN LIMITED at £93.4k based on a Turnover of £177k and 0.53x industry multiple (adjusted for size and gross margin).
pionen limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEN LIMITED at £0 based on an EBITDA of £-318.2k and a 4.26x industry multiple (adjusted for size and gross margin).
pionen limited Estimated Valuation
Pomanda estimates the enterprise value of PIONEN LIMITED at £193.2k based on Net Assets of £412.9k and 0.47x industry multiple (adjusted for liquidity).
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Pionen Limited Overview
Pionen Limited is a live company located in shrewsbury, SY3 9GE with a Companies House number of 11220649. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in February 2018, it's largest shareholder is stephen moran with a 27.5% stake. Pionen Limited is a young, micro sized company, Pomanda has estimated its turnover at £177k with declining growth in recent years.
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Pionen Limited Health Check
Pomanda's financial health check has awarded Pionen Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
5 Weak
Size
annual sales of £177k, make it smaller than the average company (£2m)
- Pionen Limited
£2m - Industry AVG
Growth
3 year (CAGR) sales growth of -30%, show it is growing at a slower rate (7.2%)
- Pionen Limited
7.2% - Industry AVG
Production
with a gross margin of 42.7%, this company has a comparable cost of product (42.7%)
- Pionen Limited
42.7% - Industry AVG
Profitability
an operating margin of -185.2% make it less profitable than the average company (7.1%)
- Pionen Limited
7.1% - Industry AVG
Employees
with 2 employees, this is below the industry average (16)
2 - Pionen Limited
16 - Industry AVG
Pay Structure
on an average salary of £46.2k, the company has an equivalent pay structure (£46.2k)
- Pionen Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £88.5k, this is less efficient (£114.3k)
- Pionen Limited
£114.3k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Pionen Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 58 days, this is slower than average (38 days)
- Pionen Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pionen Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 961 weeks, this is more cash available to meet short term requirements (13 weeks)
961 weeks - Pionen Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 4%, this is a lower level of debt than the average (62.1%)
4% - Pionen Limited
62.1% - Industry AVG
PIONEN LIMITED financials
Pionen Limited's latest turnover from October 2023 is estimated at £177 thousand and the company has net assets of £412.9 thousand. According to their latest financial statements, Pionen Limited has 2 employees and maintains cash reserves of £317.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|---|
| Turnover | 2,357,188 | 1,881,325 | 514,736 | |||
| Other Income Or Grants | 0 | 0 | ||||
| Cost Of Sales | 1,722,224 | 1,692,541 | ||||
| Gross Profit | 634,964 | 188,784 | ||||
| Admin Expenses | 141,293 | 43,839 | ||||
| Operating Profit | 493,671 | 144,945 | ||||
| Interest Payable | 0 | 0 | 0 | |||
| Interest Receivable | 0 | 0 | 0 | |||
| Pre-Tax Profit | 493,671 | 144,945 | 106,661 | |||
| Tax | 0 | -2,253 | -20,266 | |||
| Profit After Tax | 493,671 | 142,692 | 86,395 | |||
| Dividends Paid | 0 | 0 | 0 | |||
| Retained Profit | 493,671 | 142,692 | 86,395 | |||
| Employee Costs | ||||||
| Number Of Employees | 2 | 2 | ||||
| EBITDA* | 503,175 | 148,362 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 15,593 | 25,099 | 16,085 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 15,593 | 25,099 | 16,085 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 500,100 | 114,000 | 221,053 | 2 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 96,791 | 0 | 41,648 | 0 | 0 | 0 |
| Cash | 317,691 | 387,649 | 67,819 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 414,482 | 887,749 | 223,467 | 221,053 | 2 | 0 |
| total assets | 430,075 | 912,848 | 239,552 | 221,053 | 2 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 16,189 | 109,380 | 6,912 | 134,656 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,000 | 80,510 | 3,353 | 0 | 0 | 0 |
| total current liabilities | 17,189 | 189,890 | 10,265 | 134,656 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 17,189 | 189,890 | 10,265 | 134,656 | 0 | 0 |
| net assets | 412,886 | 722,958 | 229,287 | 86,397 | 2 | 0 |
| total shareholders funds | 412,886 | 722,958 | 229,287 | 86,397 | 2 | 0 |
| Oct 2023 | Oct 2022 | Oct 2021 | Oct 2020 | Feb 2020 | Feb 2019 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | 493,671 | 144,945 | ||||
| Depreciation | 9,506 | 9,504 | 3,417 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | 0 | -2,253 | -20,266 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -403,309 | 344,452 | -65,405 | 221,053 | 2 | 0 |
| Creditors | -93,191 | 102,468 | -127,744 | 134,656 | 0 | 0 |
| Accruals and Deferred Income | -79,510 | 77,157 | 3,353 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 338,348 | 87,123 | ||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | |||
| cash flow from financing | 0 | 198 | 2 | |||
| cash and cash equivalents | ||||||
| cash | -69,958 | 319,830 | 67,819 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -69,958 | 319,830 | 67,819 | 0 | 0 | 0 |
pionen limited Credit Report and Business Information
Pionen Limited Competitor Analysis
Perform a competitor analysis for pionen limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other micro companies, companies in SY3 area or any other competitors across 12 key performance metrics.
pionen limited Ownership
PIONEN LIMITED group structure
Pionen Limited has no subsidiary companies.
Ultimate parent company
PIONEN LIMITED
11220649
pionen limited directors
Pionen Limited currently has 2 directors. The longest serving directors include Mr Stephen Moran (Feb 2018) and Mr Nigel Wakefield (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Moran | United Kingdom | 51 years | Feb 2018 | - | Director |
| Mr Nigel Wakefield | England | 49 years | Feb 2018 | - | Director |
P&L
October 2023turnover
177k
-92%
operating profit
-327.7k
0%
gross margin
42.7%
+58.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
412.9k
-0.43%
total assets
430.1k
-0.53%
cash
317.7k
-0.18%
net assets
Total assets minus all liabilities
Similar Companies
pionen limited company details
company number
11220649
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
80200 - Security systems service activities
incorporation date
February 2018
age
6
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
October 2023
address
4 sweetlake court, mercian close, shrewsbury, shropshire, SY3 9GE
accountant
ROBERT DAVIES & CO
auditor
-
pionen 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 found 1 charges/mortgages relating to pionen limited. Currently there are 1 open charges and 0 have been satisfied in the past.
pionen limited Companies House Filings - See Documents
| date | description | view/download |
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