prasam it services limited

4

prasam it services limited Company Information

Share PRASAM IT SERVICES LIMITED
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Company Number

11254538

Website

-

Registered Address

castlemill burnt tree, tipton, west midlands, DY4 7UF

Industry

Computer consultancy activities

 

Telephone

01902973483

Next Accounts Due

December 2024

Group Structure

View All

Directors

Naveen Yamagani6 Years

Himabindu Yamagani3 Years

Shareholders

himabindu yamagani 50%

naveen kumar yamagani 50%

prasam it services limited Estimated Valuation

£39.4k

Pomanda estimates the enterprise value of PRASAM IT SERVICES LIMITED at £39.4k based on a Turnover of £91.2k and 0.43x industry multiple (adjusted for size and gross margin).

prasam it services limited Estimated Valuation

£99.2k

Pomanda estimates the enterprise value of PRASAM IT SERVICES LIMITED at £99.2k based on an EBITDA of £28k and a 3.54x industry multiple (adjusted for size and gross margin).

prasam it services limited Estimated Valuation

£54.5k

Pomanda estimates the enterprise value of PRASAM IT SERVICES LIMITED at £54.5k based on Net Assets of £25.9k and 2.11x industry multiple (adjusted for liquidity).

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Prasam It Services Limited Overview

Prasam It Services Limited is a live company located in west midlands, DY4 7UF with a Companies House number of 11254538. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 2018, it's largest shareholder is himabindu yamagani with a 50% stake. Prasam It Services Limited is a young, micro sized company, Pomanda has estimated its turnover at £91.2k with healthy growth in recent years.

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Prasam It Services Limited Health Check

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

Health Check Image
Health Rating4out of 5
positive_score

5 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £91.2k, make it smaller than the average company (£883.9k)

£91.2k - Prasam It Services Limited

£883.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.7%)

9% - Prasam It Services Limited

4.7% - Industry AVG

production

Production

with a gross margin of 25.3%, this company has a higher cost of product (47.3%)

25.3% - Prasam It Services Limited

47.3% - Industry AVG

profitability

Profitability

an operating margin of 29.6% make it more profitable than the average company (7.8%)

29.6% - Prasam It Services Limited

7.8% - Industry AVG

employees

Employees

with 3 employees, this is below the industry average (9)

3 - Prasam It Services Limited

9 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)

£52.7k - Prasam It Services Limited

£52.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £30.4k, this is less efficient (£123.7k)

£30.4k - Prasam It Services Limited

£123.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 5 days, this is earlier than average (67 days)

5 days - Prasam It Services Limited

67 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 274 days, this is slower than average (31 days)

274 days - Prasam It Services Limited

31 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Prasam It Services Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 97 weeks, this is more cash available to meet short term requirements (21 weeks)

97 weeks - Prasam It Services Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.4%, this is a higher level of debt than the average (56.9%)

74.4% - Prasam It Services Limited

56.9% - Industry AVG

PRASAM IT SERVICES LIMITED financials

EXPORTms excel logo

Prasam It Services Limited's latest turnover from March 2023 is estimated at £91.2 thousand and the company has net assets of £25.9 thousand. According to their latest financial statements, Prasam It Services Limited has 3 employees and maintains cash reserves of £96.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019
Turnover91,17584,67688,54170,83074,340
Other Income Or Grants00000
Cost Of Sales68,11862,80265,72550,92353,569
Gross Profit23,05721,87522,81619,90720,772
Admin Expenses-3,90720,30422,19626,89011,875
Operating Profit26,9641,571620-6,9838,897
Interest Payable00000
Interest Receivable2,24417724821
Pre-Tax Profit29,2071,748644-6,9758,917
Tax-5,549-332-1220-1,694
Profit After Tax23,6581,416522-6,9757,223
Dividends Paid00000
Retained Profit23,6581,416522-6,9757,223
Employee Costs158,18897,52790,33692,235106,238
Number Of Employees32222
EBITDA*28,0312,450620-6,9838,897

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019
Tangible Assets3,6211,758000
Intangible Assets00000
Investments & Other00000
Debtors (Due After 1 year)00000
Total Fixed Assets3,6211,758000
Stock & work in progress00000
Trade Debtors1,31027,35524,11013,96516,600
Group Debtors00000
Misc Debtors00000
Cash96,0599,53037,75910,5455,500
misc current assets00000
total current assets97,36936,88561,86924,51022,100
total assets100,99038,64361,86924,51022,100
Bank overdraft00000
Bank loan00000
Trade Creditors 51,1879,24531,08924,25214,867
Group/Directors Accounts00000
other short term finances00000
hp & lease commitments00000
other current liabilities00000
total current liabilities51,1879,24531,08924,25214,867
loans00000
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities23,93927,19230,00000
provisions00000
total long term liabilities23,93927,19230,00000
total liabilities75,12636,43761,08924,25214,867
net assets25,8642,2067802587,233
total shareholders funds25,8642,2067802587,233
Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019
Operating Activities
Operating Profit26,9641,571620-6,9838,897
Depreciation1,067879000
Amortisation00000
Tax-5,549-332-1220-1,694
Stock00000
Debtors-26,0453,24510,145-2,63516,600
Creditors41,942-21,8446,8379,38514,867
Accruals and Deferred Income00000
Deferred Taxes & Provisions00000
Cash flow from operations90,469-22,971-2,8105,0375,470
Investing Activities
capital expenditure-2,930-2,637000
Change in Investments00000
cash flow from investments-2,930-2,637000
Financing Activities
Bank loans00000
Group/Directors Accounts00000
Other Short Term Loans 00000
Long term loans00000
Hire Purchase and Lease Commitments00000
other long term liabilities-3,253-2,80830,00000
share issue0100010
interest2,24417724821
cash flow from financing-1,009-2,62130,024831
cash and cash equivalents
cash86,529-28,22927,2145,0455,500
overdraft00000
change in cash86,529-28,22927,2145,0455,500

prasam it services limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Prasam It Services Limited Competitor Analysis

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prasam it services limited Ownership

PRASAM IT SERVICES LIMITED group structure

Prasam It Services Limited has no subsidiary companies.

Ultimate parent company

PRASAM IT SERVICES LIMITED

11254538

PRASAM IT SERVICES LIMITED Shareholders

himabindu yamagani 50%
naveen kumar yamagani 50%

prasam it services limited directors

Prasam It Services Limited currently has 2 directors. The longest serving directors include Mr Naveen Yamagani (Mar 2018) and Mrs Himabindu Yamagani (Mar 2021).

officercountryagestartendrole
Mr Naveen YamaganiUnited Kingdom39 years Mar 2018- Director
Mrs Himabindu YamaganiUnited Kingdom37 years Mar 2021- Director

P&L

March 2023

turnover

91.2k

+8%

operating profit

27k

0%

gross margin

25.3%

-2.11%

turnover

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

Balance Sheet

March 2023

net assets

25.9k

+10.72%

total assets

101k

+1.61%

cash

96.1k

+9.08%

net assets

Total assets minus all liabilities

prasam it services limited company details

company number

11254538

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 2018

age

6

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

castlemill burnt tree, tipton, west midlands, DY4 7UF

last accounts submitted

March 2023

prasam it 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 prasam it services limited.

charges

prasam it services limited Companies House Filings - See Documents

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