prima nova ltd
prima nova ltd Company Information
Company Number
11568908
Next Accounts
293 days late
Directors
Shareholders
polat cosar akcicek
Group Structure
View All
Industry
Licensed restaurants
Registered Address
40-46 side, newcastle upon tyne, tyne and wear, NE1 3JA
Website
www.primarestaurant.co.ukprima nova ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMA NOVA LTD at £986.2k based on a Turnover of £1.5m and 0.67x industry multiple (adjusted for size and gross margin).
prima nova ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMA NOVA LTD at £0 based on an EBITDA of £-10.2k and a 4.35x industry multiple (adjusted for size and gross margin).
prima nova ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIMA NOVA LTD at £18.1k based on Net Assets of £7.2k and 2.5x industry multiple (adjusted for liquidity).
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Prima Nova Ltd Overview
Prima Nova Ltd is a live company located in tyne and wear, NE1 3JA with a Companies House number of 11568908. It operates in the licenced restaurants sector, SIC Code 56101. Founded in September 2018, it's largest shareholder is polat cosar akcicek with a 100% stake. Prima Nova Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with healthy growth in recent years.
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Prima Nova Ltd Health Check
Pomanda's financial health check has awarded Prima Nova Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 4 areas for improvement. Company Health Check FAQs
2 Strong
5 Regular
4 Weak
Size
annual sales of £1.5m, make it in line with the average company (£1.4m)
- Prima Nova Ltd
£1.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (-3.6%)
- Prima Nova Ltd
-3.6% - Industry AVG
Production
with a gross margin of 56.4%, this company has a comparable cost of product (56.4%)
- Prima Nova Ltd
56.4% - Industry AVG
Profitability
an operating margin of -2% make it less profitable than the average company (6.1%)
- Prima Nova Ltd
6.1% - Industry AVG
Employees
with 42 employees, this is similar to the industry average (40)
42 - Prima Nova Ltd
40 - Industry AVG
Pay Structure
on an average salary of £18.7k, the company has an equivalent pay structure (£18.7k)
- Prima Nova Ltd
£18.7k - Industry AVG
Efficiency
resulting in sales per employee of £34.8k, this is less efficient (£46.8k)
- Prima Nova Ltd
£46.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Prima Nova Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (63 days)
- Prima Nova Ltd
63 days - Industry AVG
Stock Days
it holds stock equivalent to 14 days, this is in line with average (14 days)
- Prima Nova Ltd
14 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (19 weeks)
28 weeks - Prima Nova Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.1%, this is a higher level of debt than the average (82.9%)
97.1% - Prima Nova Ltd
82.9% - Industry AVG
PRIMA NOVA LTD financials
Prima Nova Ltd's latest turnover from September 2022 is estimated at £1.5 million and the company has net assets of £7.2 thousand. According to their latest financial statements, Prima Nova Ltd has 42 employees and maintains cash reserves of £47.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 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 | 42 | 42 | 10 | 34 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Tangible Assets | 32,144 | 50,894 | 96,406 | 103,556 |
| Intangible Assets | 20,000 | 20,000 | 20,000 | |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 52,144 | 70,894 | 96,406 | 123,556 |
| Stock & work in progress | 25,000 | 8,650 | 8,000 | |
| Trade Debtors | 124,008 | |||
| Group Debtors | ||||
| Misc Debtors | 58,088 | 37,425 | ||
| Cash | 47,266 | 34,066 | 10,544 | |
| misc current assets | 122,499 | 62,404 | ||
| total current assets | 194,765 | 163,208 | 124,008 | 55,969 |
| total assets | 246,909 | 234,102 | 220,414 | 179,525 |
| Bank overdraft | ||||
| Bank loan | ||||
| Trade Creditors | 27,794 | 41,880 | 164,890 | 72,608 |
| Group/Directors Accounts | ||||
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 59,649 | 102,407 | 104,666 | |
| total current liabilities | 87,443 | 144,287 | 164,890 | 177,274 |
| loans | 152,220 | 45,000 | ||
| hp & lease commitments | 1,378 | 11,400 | ||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | ||||
| total long term liabilities | 152,220 | 46,378 | 11,400 | |
| total liabilities | 239,663 | 190,665 | 164,890 | 188,674 |
| net assets | 7,246 | 43,437 | 55,524 | -9,149 |
| total shareholders funds | 7,246 | 43,437 | 55,524 | -9,149 |
| Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 18,750 | 29,130 | 29,130 | |
| Amortisation | ||||
| Tax | ||||
| Stock | 16,350 | 8,650 | -8,000 | 8,000 |
| Debtors | -58,088 | -65,920 | 86,583 | 37,425 |
| Creditors | -14,086 | -123,010 | 92,282 | 72,608 |
| Accruals and Deferred Income | -42,758 | 102,407 | -104,666 | 104,666 |
| Deferred Taxes & Provisions | ||||
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | ||||
| Group/Directors Accounts | ||||
| Other Short Term Loans | ||||
| Long term loans | 107,220 | 45,000 | ||
| Hire Purchase and Lease Commitments | -1,378 | 1,378 | -11,400 | 11,400 |
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 13,200 | 34,066 | -10,544 | 10,544 |
| overdraft | ||||
| change in cash | 13,200 | 34,066 | -10,544 | 10,544 |
prima nova ltd Credit Report and Business Information
Prima Nova Ltd Competitor Analysis
Perform a competitor analysis for prima nova ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in NE1 area or any other competitors across 12 key performance metrics.
prima nova ltd Ownership
PRIMA NOVA LTD group structure
Prima Nova Ltd has no subsidiary companies.
Ultimate parent company
PRIMA NOVA LTD
11568908
prima nova ltd directors
Prima Nova Ltd currently has 1 director, Mr Polat Akcicek serving since May 2023.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Polat Akcicek | England | 54 years | May 2023 | - | Director |
P&L
September 2022turnover
1.5m
+45%
operating profit
-29k
0%
gross margin
56.4%
-4.31%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2022net assets
7.2k
-0.83%
total assets
246.9k
+0.05%
cash
47.3k
+0.39%
net assets
Total assets minus all liabilities
Similar Companies
prima nova ltd company details
company number
11568908
Type
Private limited with Share Capital
industry
56101 - Licensed restaurants
incorporation date
September 2018
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2022
previous names
N/A
accountant
J C ASSOCIATES
auditor
-
address
40-46 side, newcastle upon tyne, tyne and wear, NE1 3JA
Bank
-
Legal Advisor
-
prima nova ltd 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 prima nova ltd.
prima nova ltd 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.
Click to start generating capital raising & share issue transactions for PRIMA NOVA LTD. This can take several minutes, an email will notify you when this has completed.
prima nova ltd Companies House Filings - See Documents
| date | description | view/download |
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