prime properties development ltd
prime properties development ltd Company Information
Company Number
12833292
Website
-Registered Address
11 elgar way, horsham, RH13 6RH
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Buying and selling of own real estate
Telephone
-
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
saju abraham 50%
rojimon varughese 50%
prime properties development ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIME PROPERTIES DEVELOPMENT LTD at £50.3k based on a Turnover of £25.5k and 1.97x industry multiple (adjusted for size and gross margin).
prime properties development ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIME PROPERTIES DEVELOPMENT LTD at £15.4k based on an EBITDA of £3.4k and a 4.5x industry multiple (adjusted for size and gross margin).
prime properties development ltd Estimated Valuation
Pomanda estimates the enterprise value of PRIME PROPERTIES DEVELOPMENT LTD at £80.3k based on Net Assets of £53.3k and 1.51x industry multiple (adjusted for liquidity).
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Prime Properties Development Ltd Overview
Prime Properties Development Ltd is a live company located in horsham, RH13 6RH with a Companies House number of 12833292. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in August 2020, it's largest shareholder is saju abraham with a 50% stake. Prime Properties Development Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £25.5k with unknown growth in recent years.
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Prime Properties Development Ltd Health Check
Pomanda's financial health check has awarded Prime Properties Development Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
7 Weak
Size
annual sales of £25.5k, make it smaller than the average company (£845.9k)
£25.5k - Prime Properties Development Ltd
£845.9k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Prime Properties Development Ltd
- - Industry AVG
Production
with a gross margin of 28.6%, this company has a higher cost of product (71.4%)
28.6% - Prime Properties Development Ltd
71.4% - Industry AVG
Profitability
an operating margin of 13.4% make it less profitable than the average company (27.2%)
13.4% - Prime Properties Development Ltd
27.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
1 - Prime Properties Development Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.8k, the company has an equivalent pay structure (£33.8k)
- Prime Properties Development Ltd
£33.8k - Industry AVG
Efficiency
resulting in sales per employee of £25.5k, this is less efficient (£186.1k)
£25.5k - Prime Properties Development Ltd
£186.1k - Industry AVG
Debtor Days
it gets paid by customers after 126 days, this is later than average (28 days)
126 days - Prime Properties Development Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 87 days, this is slower than average (33 days)
87 days - Prime Properties Development Ltd
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Prime Properties Development Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Prime Properties Development Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.9%, this is a higher level of debt than the average (66.2%)
91.9% - Prime Properties Development Ltd
66.2% - Industry AVG
PRIME PROPERTIES DEVELOPMENT LTD financials
Prime Properties Development Ltd's latest turnover from August 2023 is £25.5 thousand and the company has net assets of £53.3 thousand. According to their latest financial statements, Prime Properties Development Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Turnover | 25,543 | 10,850 | |
| Other Income Or Grants | |||
| Cost Of Sales | |||
| Gross Profit | |||
| Admin Expenses | |||
| Operating Profit | |||
| Interest Payable | 0 | 0 | |
| Interest Receivable | 0 | 0 | |
| Pre-Tax Profit | 2,571 | -7,891 | |
| Tax | 0 | 0 | |
| Profit After Tax | 2,571 | -7,891 | |
| Dividends Paid | 0 | 0 | |
| Retained Profit | 2,571 | -7,891 | |
| Employee Costs | |||
| Number Of Employees | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Tangible Assets | 648,000 | 453,000 | 225,000 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 648,000 | 453,000 | 225,000 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 8,834 | 963 | 3,605 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 8,834 | 963 | 3,605 |
| total assets | 656,834 | 453,963 | 228,605 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 4,362 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 |
| total current liabilities | 4,362 | 0 | 0 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 1,313 | 1,313 |
| other liabilities | 599,185 | 401,935 | 168,685 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 599,185 | 403,248 | 169,998 |
| total liabilities | 603,547 | 403,248 | 169,998 |
| net assets | 53,287 | 50,715 | 58,607 |
| total shareholders funds | 53,287 | 50,715 | 58,607 |
| Aug 2023 | Aug 2022 | Aug 2021 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | |||
| Amortisation | |||
| Tax | 0 | 0 | |
| Stock | 0 | 0 | 0 |
| Debtors | 7,871 | -2,642 | 3,605 |
| Creditors | 4,362 | 0 | 0 |
| Accruals and Deferred Income | -1,313 | 0 | 1,313 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 197,250 | 233,250 | 168,685 |
| share issue | |||
| interest | 0 | 0 | |
| cash flow from financing | 197,251 | 233,249 | |
| cash and cash equivalents | |||
| cash | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 |
prime properties development ltd Credit Report and Business Information
Prime Properties Development Ltd Competitor Analysis
Perform a competitor analysis for prime properties development ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in RH13 area or any other competitors across 12 key performance metrics.
prime properties development ltd Ownership
PRIME PROPERTIES DEVELOPMENT LTD group structure
Prime Properties Development Ltd has no subsidiary companies.
Ultimate parent company
PRIME PROPERTIES DEVELOPMENT LTD
12833292
prime properties development ltd directors
Prime Properties Development Ltd currently has 2 directors. The longest serving directors include Mr Rojimon Varughese (Aug 2020) and Mr Saju Abraham (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rojimon Varughese | England | 45 years | Aug 2020 | - | Director |
| Mr Saju Abraham | England | 52 years | Aug 2020 | - | Director |
P&L
August 2023turnover
25.5k
+135%
operating profit
3.4k
0%
gross margin
28.7%
+2.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
53.3k
+0.05%
total assets
656.8k
+0.45%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
prime properties development ltd company details
company number
12833292
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68100 - Buying and selling of own real estate
incorporation date
August 2020
age
4
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
August 2023
previous names
N/A
accountant
-
auditor
-
address
11 elgar way, horsham, RH13 6RH
Bank
-
Legal Advisor
-
prime properties development 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 found 4 charges/mortgages relating to prime properties development ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
prime properties development ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
