privilege development finance limited Company Information
Company Number
11363248
Next Accounts
Sep 2025
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Shareholders
privilege holdings 2 limited
Group Structure
View All
Contact
Registered Address
the old school high street, stretham, ely, CB6 3LD
Website
privilege.financeprivilege development finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE DEVELOPMENT FINANCE LIMITED at £7.6m based on a Turnover of £4.5m and 1.7x industry multiple (adjusted for size and gross margin).
privilege development finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE DEVELOPMENT FINANCE LIMITED at £0 based on an EBITDA of £-3.4m and a 6.98x industry multiple (adjusted for size and gross margin).
privilege development finance limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE DEVELOPMENT FINANCE LIMITED at £0 based on Net Assets of £-1.3m and 2.3x industry multiple (adjusted for liquidity).
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Privilege Development Finance Limited Overview
Privilege Development Finance Limited is a live company located in ely, CB6 3LD with a Companies House number of 11363248. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in May 2018, it's largest shareholder is privilege holdings 2 limited with a 100% stake. Privilege Development Finance Limited is a young, small sized company, Pomanda has estimated its turnover at £4.5m with healthy growth in recent years.
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Privilege Development Finance Limited Health Check
Pomanda's financial health check has awarded Privilege Development Finance Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
5 Weak
Size
annual sales of £4.5m, make it smaller than the average company (£15.9m)
£4.5m - Privilege Development Finance Limited
£15.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 14%, show it is growing at a similar rate (17.2%)
14% - Privilege Development Finance Limited
17.2% - Industry AVG
Production
with a gross margin of 29.6%, this company has a lower cost of product (16.8%)
29.6% - Privilege Development Finance Limited
16.8% - Industry AVG
Profitability
an operating margin of -77% make it less profitable than the average company (4.5%)
-77% - Privilege Development Finance Limited
4.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (15)
2 - Privilege Development Finance Limited
15 - Industry AVG
Pay Structure
on an average salary of £65.3k, the company has an equivalent pay structure (£65.3k)
- Privilege Development Finance Limited
£65.3k - Industry AVG
Efficiency
resulting in sales per employee of £2.2m, this is more efficient (£441.9k)
£2.2m - Privilege Development Finance Limited
£441.9k - Industry AVG
Debtor Days
it gets paid by customers after 2660 days, this is later than average (55 days)
2660 days - Privilege Development Finance Limited
55 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Development Finance Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Development Finance Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Privilege Development Finance Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.9%, this is a similar level of debt than the average (100%)
103.9% - Privilege Development Finance Limited
100% - Industry AVG
PRIVILEGE DEVELOPMENT FINANCE LIMITED financials
Privilege Development Finance Limited's latest turnover from December 2023 is £4.5 million and the company has net assets of -£1.3 million. According to their latest financial statements, Privilege Development Finance Limited has 2 employees and maintains cash reserves of £1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
---|---|---|---|---|---|---|
Turnover | 4,461,000 | 3,922,000 | 3,231,906 | 2,978,274 | 1,155,787 | 0 |
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
Cost Of Sales | 3,139,000 | 2,786,000 | 2,316,818 | 1,839,180 | 795,595 | 0 |
Gross Profit | 1,322,000 | 1,136,000 | 915,088 | 1,139,094 | 360,192 | 0 |
Admin Expenses | 4,756,000 | 151,000 | 153,200 | 396,783 | 317,646 | -25 |
Operating Profit | -3,434,000 | 985,000 | 761,888 | 742,311 | 42,546 | 25 |
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 |
Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
Pre-Tax Profit | -3,434,000 | 985,000 | 761,888 | 742,311 | 42,546 | 25 |
Tax | 0 | -152,000 | -143,651 | -71,705 | -8,084 | 0 |
Profit After Tax | -3,434,000 | 833,000 | 618,237 | 670,606 | 34,462 | 25 |
Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
Retained Profit | -3,434,000 | 833,000 | 618,237 | 670,606 | 34,462 | 25 |
Employee Costs | ||||||
Number Of Employees | 2 | 2 | 3 | 2 | 3 | 4 |
EBITDA* | -3,434,000 | 985,000 | 761,888 | 742,311 | 42,546 | 25 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
---|---|---|---|---|---|---|
Tangible Assets | 0 | 0 | 0 | 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 | 30,325,000 | 26,608,009 | 21,433,266 | 14,892,221 | 100 |
Total Fixed Assets | 0 | 30,325,000 | 26,608,009 | 21,433,266 | 14,892,221 | 100 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 32,516,000 | 2,247,000 | 910,163 | 76,494 | 0 | 0 |
Group Debtors | 0 | 1,000 | 0 | 10,000 | 41,060 | 0 |
Misc Debtors | 76,000 | 0 | 53 | 28 | 0 | 0 |
Cash | 1,000 | 0 | 12,341 | 171,250 | 98,133 | 25 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 32,593,000 | 2,248,000 | 922,557 | 257,772 | 139,193 | 25 |
total assets | 32,593,000 | 32,573,000 | 27,530,566 | 21,691,038 | 15,031,414 | 125 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 33,851,000 | 2,291,000 | 1,016,434 | 187,121 | 181,075 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 20,000 | 130,000 | 160,842 | 51,492 | 19,084 | 0 |
total current liabilities | 33,871,000 | 2,421,000 | 1,177,276 | 238,613 | 200,159 | 0 |
loans | 0 | 27,996,000 | 25,029,860 | 20,747,232 | 14,796,668 | 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 | 27,996,000 | 25,029,860 | 20,747,232 | 14,796,668 | 0 |
total liabilities | 33,871,000 | 30,417,000 | 26,207,136 | 20,985,845 | 14,996,827 | 0 |
net assets | -1,278,000 | 2,156,000 | 1,323,430 | 705,193 | 34,587 | 125 |
total shareholders funds | -1,278,000 | 2,156,000 | 1,323,430 | 705,193 | 34,587 | 125 |
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
---|---|---|---|---|---|---|
Operating Activities | ||||||
Operating Profit | -3,434,000 | 985,000 | 761,888 | 742,311 | 42,546 | 25 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | 0 | -152,000 | -143,651 | -71,705 | -8,084 | 0 |
Stock | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | 19,000 | 5,054,775 | 5,998,437 | 6,586,507 | 14,933,181 | 100 |
Creditors | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | -110,000 | -30,842 | 109,350 | 32,408 | 19,084 | 0 |
Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
Cash flow from operations | -3,563,000 | -4,252,617 | -5,270,850 | -5,883,493 | -14,879,635 | -75 |
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 | 31,560,000 | 1,274,566 | 829,313 | 6,046 | 181,075 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | -27,996,000 | 2,966,140 | 4,282,628 | 5,950,564 | 14,796,668 | 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 | 0 | 0 | 0 |
cash flow from financing | 3,564,000 | 4,240,276 | 5,111,941 | 5,956,610 | 14,977,743 | 100 |
cash and cash equivalents | ||||||
cash | 1,000 | -12,341 | -158,909 | 73,117 | 98,108 | 25 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 1,000 | -12,341 | -158,909 | 73,117 | 98,108 | 25 |
privilege development finance limited Credit Report and Business Information
Privilege Development Finance Limited Competitor Analysis
Perform a competitor analysis for privilege development finance limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in CB6 area or any other competitors across 12 key performance metrics.
privilege development finance limited Ownership
PRIVILEGE DEVELOPMENT FINANCE LIMITED group structure
Privilege Development Finance Limited has no subsidiary companies.
Ultimate parent company
PREMIUM EUROPE GROUP HOLDINGS LTD
#0147029
2 parents
PRIVILEGE DEVELOPMENT FINANCE LIMITED
11363248
privilege development finance limited directors
Privilege Development Finance Limited currently has 2 directors. The longest serving directors include Mr Christopher Winward (Sep 2019) and Ms Tracy Giles (May 2021).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Christopher Winward | England | 53 years | Sep 2019 | - | Director |
Ms Tracy Giles | United Kingdom | 54 years | May 2021 | - | Director |
P&L
December 2023turnover
4.5m
+14%
operating profit
-3.4m
-449%
gross margin
29.7%
+2.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.3m
-1.59%
total assets
32.6m
0%
cash
1k
0%
net assets
Total assets minus all liabilities
Similar Companies
privilege development finance limited company details
company number
11363248
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
May 2018
age
6
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
the old school high street, stretham, ely, CB6 3LD
Bank
LLOYDS BANK PLC
Legal Advisor
CLYDE & CO LLP
privilege development finance 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 privilege development finance limited.
privilege development finance 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.
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privilege development finance limited Companies House Filings - See Documents
date | description | view/download |
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