privilege development finance limited

privilege development finance limited Company Information

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Company Number

11363248

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

privilege development finance limited Estimated Valuation

£7.6m

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

£0

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

£0

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

Health Check Image
Health Rating3out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

5 Weak

size

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

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

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

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

Employees

with 2 employees, this is below the industry average (15)

2 - Privilege Development Finance Limited

15 - Industry AVG

paystructure

Pay Structure

on an average salary of £65.3k, the company has an equivalent pay structure (£65.3k)

£65.3k - Privilege Development Finance Limited

£65.3k - Industry AVG

efficiency

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

debtordays

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

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Privilege Development Finance Limited

- - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Privilege Development Finance Limited

- - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Turnover4,461,0003,922,0003,231,9062,978,2741,155,7870
Other Income Or Grants000000
Cost Of Sales3,139,0002,786,0002,316,8181,839,180795,5950
Gross Profit1,322,0001,136,000915,0881,139,094360,1920
Admin Expenses4,756,000151,000153,200396,783317,646-25
Operating Profit-3,434,000985,000761,888742,31142,54625
Interest Payable000000
Interest Receivable000000
Pre-Tax Profit-3,434,000985,000761,888742,31142,54625
Tax0-152,000-143,651-71,705-8,0840
Profit After Tax-3,434,000833,000618,237670,60634,46225
Dividends Paid000000
Retained Profit-3,434,000833,000618,237670,60634,46225
Employee Costs130,564133,625193,379116,064168,000194,143
Number Of Employees223234
EBITDA*-3,434,000985,000761,888742,31142,54625

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Tangible Assets000000
Intangible Assets000000
Investments & Other000000
Debtors (Due After 1 year)030,325,00026,608,00921,433,26614,892,221100
Total Fixed Assets030,325,00026,608,00921,433,26614,892,221100
Stock & work in progress000000
Trade Debtors32,516,0002,247,000910,16376,49400
Group Debtors01,000010,00041,0600
Misc Debtors76,0000532800
Cash1,000012,341171,25098,13325
misc current assets000000
total current assets32,593,0002,248,000922,557257,772139,19325
total assets32,593,00032,573,00027,530,56621,691,03815,031,414125
Bank overdraft000000
Bank loan000000
Trade Creditors 000000
Group/Directors Accounts33,851,0002,291,0001,016,434187,121181,0750
other short term finances000000
hp & lease commitments000000
other current liabilities20,000130,000160,84251,49219,0840
total current liabilities33,871,0002,421,0001,177,276238,613200,1590
loans027,996,00025,029,86020,747,23214,796,6680
hp & lease commitments000000
Accruals and Deferred Income000000
other liabilities000000
provisions000000
total long term liabilities027,996,00025,029,86020,747,23214,796,6680
total liabilities33,871,00030,417,00026,207,13620,985,84514,996,8270
net assets-1,278,0002,156,0001,323,430705,19334,587125
total shareholders funds-1,278,0002,156,0001,323,430705,19334,587125
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018
Operating Activities
Operating Profit-3,434,000985,000761,888742,31142,54625
Depreciation000000
Amortisation000000
Tax0-152,000-143,651-71,705-8,0840
Stock000000
Debtors19,0005,054,7755,998,4376,586,50714,933,181100
Creditors000000
Accruals and Deferred Income-110,000-30,842109,35032,40819,0840
Deferred Taxes & Provisions000000
Cash flow from operations-3,563,000-4,252,617-5,270,850-5,883,493-14,879,635-75
Investing Activities
capital expenditure000000
Change in Investments000000
cash flow from investments000000
Financing Activities
Bank loans000000
Group/Directors Accounts31,560,0001,274,566829,3136,046181,0750
Other Short Term Loans 000000
Long term loans-27,996,0002,966,1404,282,6285,950,56414,796,6680
Hire Purchase and Lease Commitments000000
other long term liabilities000000
share issue0-430000100
interest000000
cash flow from financing3,564,0004,240,2765,111,9415,956,61014,977,743100
cash and cash equivalents
cash1,000-12,341-158,90973,11798,10825
overdraft000000
change in cash1,000-12,341-158,90973,11798,10825

privilege development finance 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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Privilege Development Finance Limited Competitor Analysis

competitor_analysis_table_img

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 Shareholders

privilege holdings 2 limited 100%

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).

officercountryagestartendrole
Mr Christopher WinwardEngland53 years Sep 2019- Director
Ms Tracy GilesUnited Kingdom54 years May 2021- Director

P&L

December 2023

turnover

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 2023

net assets

-1.3m

-1.59%

total assets

32.6m

0%

cash

1k

0%

net assets

Total assets minus all liabilities

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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

PREMIUM EUROPE GROUP HOLDINGS LTD

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

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