prasam it services limited
prasam it services limited Company Information
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
Shareholders
himabindu yamagani 50%
naveen kumar yamagani 50%
prasam it services limited Estimated Valuation
Pomanda estimates the enterprise value of PRASAM IT SERVICES LIMITED at £40.6k based on a Turnover of £91.2k and 0.45x industry multiple (adjusted for size and gross margin).
prasam it services limited Estimated Valuation
Pomanda estimates the enterprise value of PRASAM IT SERVICES LIMITED at £100.6k based on an EBITDA of £28k and a 3.59x industry multiple (adjusted for size and gross margin).
prasam it services limited Estimated Valuation
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
5 Strong
1 Regular
5 Weak
Size
annual sales of £91.2k, make it smaller than the average company (£883.9k)
- Prasam It Services Limited
£883.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 9%, show it is growing at a faster rate (4.7%)
- Prasam It Services Limited
4.7% - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (47.3%)
- Prasam It Services Limited
47.3% - Industry AVG
Profitability
an operating margin of 29.6% make it more profitable than the average company (7.8%)
- Prasam It Services Limited
7.8% - Industry AVG
Employees
with 3 employees, this is below the industry average (9)
3 - Prasam It Services Limited
9 - Industry AVG
Pay Structure
on an average salary of £52.7k, the company has an equivalent pay structure (£52.7k)
- Prasam It Services Limited
£52.7k - Industry AVG
Efficiency
resulting in sales per employee of £30.4k, this is less efficient (£123.7k)
- Prasam It Services Limited
£123.7k - Industry AVG
Debtor Days
it gets paid by customers after 5 days, this is earlier than average (67 days)
- Prasam It Services Limited
67 days - Industry AVG
Creditor Days
its suppliers are paid after 274 days, this is slower than average (31 days)
- Prasam It Services Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Prasam It Services Limited
- - Industry AVG
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
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
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 House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| 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 | 3 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 3,621 | 1,758 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,621 | 1,758 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,310 | 27,355 | 24,110 | 13,965 | 16,600 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 |
| Cash | 96,059 | 9,530 | 37,759 | 10,545 | 5,500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 97,369 | 36,885 | 61,869 | 24,510 | 22,100 |
| total assets | 100,990 | 38,643 | 61,869 | 24,510 | 22,100 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 51,187 | 9,245 | 31,089 | 24,252 | 14,867 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 51,187 | 9,245 | 31,089 | 24,252 | 14,867 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 23,939 | 27,192 | 30,000 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 23,939 | 27,192 | 30,000 | 0 | 0 |
| total liabilities | 75,126 | 36,437 | 61,089 | 24,252 | 14,867 |
| net assets | 25,864 | 2,206 | 780 | 258 | 7,233 |
| total shareholders funds | 25,864 | 2,206 | 780 | 258 | 7,233 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 1,067 | 879 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -26,045 | 3,245 | 10,145 | -2,635 | 16,600 |
| Creditors | 41,942 | -21,844 | 6,837 | 9,385 | 14,867 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -3,253 | -2,808 | 30,000 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 86,529 | -28,229 | 27,214 | 5,045 | 5,500 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 86,529 | -28,229 | 27,214 | 5,045 | 5,500 |
prasam it services limited Credit Report and Business Information
Prasam It Services Limited Competitor Analysis
Perform a competitor analysis for prasam it services limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
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 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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Naveen Yamagani | United Kingdom | 39 years | Mar 2018 | - | Director |
| Mrs Himabindu Yamagani | United Kingdom | 37 years | Mar 2021 | - | Director |
P&L
March 2023turnover
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 2023net 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
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.
prasam it services limited Companies House Filings - See Documents
| date | description | view/download |
|---|
