penny limited
penny limited Company Information
Company Number
11972051
Website
www.pennyukltd.comRegistered Address
archibald house, 50-56 wykes bishop street, ipswich, IP3 0DT
Industry
Factoring
Telephone
441565777029
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
inspiration peak limited 66%
peter john tuvey 25%
View Allpenny limited Estimated Valuation
Pomanda estimates the enterprise value of PENNY LIMITED at £1.5m based on a Turnover of £1.2m and 1.28x industry multiple (adjusted for size and gross margin).
penny limited Estimated Valuation
Pomanda estimates the enterprise value of PENNY LIMITED at £0 based on an EBITDA of £-1.2m and a 3.84x industry multiple (adjusted for size and gross margin).
penny limited Estimated Valuation
Pomanda estimates the enterprise value of PENNY LIMITED at £0 based on Net Assets of £-1.5m and 1.6x industry multiple (adjusted for liquidity).
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Penny Limited Overview
Penny Limited is a live company located in ipswich, IP3 0DT with a Companies House number of 11972051. It operates in the factoring sector, SIC Code 64992. Founded in May 2019, it's largest shareholder is inspiration peak limited with a 66% stake. Penny Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Penny Limited Health Check
Pomanda's financial health check has awarded Penny Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£4.3m)
- Penny Limited
£4.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 115%, show it is growing at a faster rate (-3.1%)
- Penny Limited
-3.1% - Industry AVG
Production
with a gross margin of 53.9%, this company has a higher cost of product (73.1%)
- Penny Limited
73.1% - Industry AVG
Profitability
an operating margin of -109.7% make it less profitable than the average company (35.7%)
- Penny Limited
35.7% - Industry AVG
Employees
with 15 employees, this is below the industry average (38)
15 - Penny Limited
38 - Industry AVG
Pay Structure
on an average salary of £63.6k, the company has an equivalent pay structure (£63.6k)
- Penny Limited
£63.6k - Industry AVG
Efficiency
resulting in sales per employee of £77.9k, this is less efficient (£241.6k)
- Penny Limited
£241.6k - Industry AVG
Debtor Days
it gets paid by customers after 1185 days, this is earlier than average (1850 days)
- Penny Limited
1850 days - Industry AVG
Creditor Days
its suppliers are paid after 123 days, this is quicker than average (495 days)
- Penny Limited
495 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Penny Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 109 weeks, this is more cash available to meet short term requirements (1 weeks)
109 weeks - Penny Limited
1 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 132.7%, this is a higher level of debt than the average (91%)
132.7% - Penny Limited
91% - Industry AVG
PENNY LIMITED financials
Penny Limited's latest turnover from May 2023 is estimated at £1.2 million and the company has net assets of -£1.5 million. According to their latest financial statements, Penny Limited has 15 employees and maintains cash reserves of £384.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | 970,328 | 331,163 | ||
| Admin Expenses | ||||
| Operating Profit | ||||
| Interest Payable | 620,585 | 217,612 | ||
| Interest Receivable | 0 | 0 | ||
| Pre-Tax Profit | -1,063,009 | -642,432 | ||
| Tax | 0 | 0 | ||
| Profit After Tax | -1,063,009 | -642,432 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | -1,063,009 | -642,432 | ||
| Employee Costs | ||||
| Number Of Employees | 15 | 11 | 5 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Tangible Assets | 7,388 | 3,918 | 0 | 0 |
| Intangible Assets | 153,626 | 100,277 | 150,415 | 187,953 |
| Investments & Other | 1 | 1 | 1 | 1 |
| Debtors (Due After 1 year) | 100,000 | 0 | 0 | 0 |
| Total Fixed Assets | 261,015 | 104,196 | 150,416 | 187,954 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 3,798,799 | 2,577,077 | 1,489,341 | 12,801 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,821 | 552 | 1,401 | 95,653 |
| Cash | 384,082 | 1,572,129 | 1,026,060 | 83,126 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 4,184,702 | 4,149,758 | 2,516,802 | 191,580 |
| total assets | 4,445,717 | 4,253,954 | 2,667,218 | 379,534 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 182,308 | 116,639 | 44,564 | 15,290 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 24,189 |
| total current liabilities | 182,308 | 116,639 | 44,564 | 39,479 |
| loans | 0 | 0 | 0 | 450,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,481,019 | 215,868 | 202,671 | 0 |
| other liabilities | 4,236,950 | 5,636,833 | 3,072,360 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 5,717,969 | 5,852,701 | 3,275,031 | 450,000 |
| total liabilities | 5,900,277 | 5,969,340 | 3,319,595 | 489,479 |
| net assets | -1,454,560 | -1,715,386 | -652,377 | -109,945 |
| total shareholders funds | -1,454,560 | -1,715,386 | -652,377 | -109,945 |
| May 2023 | May 2022 | May 2021 | May 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 2,272 | 215 | 0 | 0 |
| Amortisation | 70,600 | 50,138 | 0 | 0 |
| Tax | 0 | 0 | ||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 1,322,991 | 1,086,887 | 1,382,288 | 108,454 |
| Creditors | 65,669 | 72,075 | 29,274 | 15,290 |
| Accruals and Deferred Income | 1,265,151 | 13,197 | 178,482 | 24,189 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 1 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -450,000 | 450,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -1,399,883 | 2,564,473 | 3,072,360 | 0 |
| share issue | ||||
| interest | -620,585 | -217,612 | ||
| cash flow from financing | 1,943,888 | 2,504,748 | ||
| cash and cash equivalents | ||||
| cash | -1,188,047 | 546,069 | 942,934 | 83,126 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -1,188,047 | 546,069 | 942,934 | 83,126 |
penny limited Credit Report and Business Information
Penny Limited Competitor Analysis
Perform a competitor analysis for penny limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in IP3 area or any other competitors across 12 key performance metrics.
penny limited Ownership
PENNY LIMITED group structure
Penny Limited has 1 subsidiary company.
Ultimate parent company
INSPIRATION PEAK LTD
#0153269
1 parent
PENNY LIMITED
11972051
1 subsidiary
penny limited directors
Penny Limited currently has 4 directors. The longest serving directors include Mr Daniel McPherson (Sep 2022) and Miss Vaida Narbutaite (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel McPherson | United Kingdom | 51 years | Sep 2022 | - | Director |
| Miss Vaida Narbutaite | England | 32 years | Feb 2023 | - | Director |
| Mr Mark Tuvey | England | 46 years | Oct 2023 | - | Director |
| Mr Paul Friedlander | Cyprus | 54 years | Nov 2023 | - | Director |
P&L
May 2023turnover
1.2m
+69%
operating profit
-1.3m
0%
gross margin
54%
-61.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-1.5m
-0.15%
total assets
4.4m
+0.05%
cash
384.1k
-0.76%
net assets
Total assets minus all liabilities
penny limited company details
company number
11972051
Type
Private limited with Share Capital
industry
64992 - Factoring
incorporation date
May 2019
age
5
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
May 2023
address
archibald house, 50-56 wykes bishop street, ipswich, IP3 0DT
accountant
LIQUID FRIDAY LIMITED
auditor
-
penny 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 found 1 charges/mortgages relating to penny limited. Currently there are 1 open charges and 0 have been satisfied in the past.
penny limited Companies House Filings - See Documents
| date | description | view/download |
|---|
