privilege project finance 3 limited
privilege project finance 3 limited Company Information
Company Number
12988700
Website
privilegeassetfinance.co.ukRegistered Address
the old school high street, stretham, ely, CB6 3LD
Industry
Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
Telephone
01353647020
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
privilege project finance limited 100%
privilege project finance 3 limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE PROJECT FINANCE 3 LIMITED at £7.5m based on a Turnover of £5.7m and 1.31x industry multiple (adjusted for size and gross margin).
privilege project finance 3 limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE PROJECT FINANCE 3 LIMITED at £0 based on an EBITDA of £-21.3m and a 4.37x industry multiple (adjusted for size and gross margin).
privilege project finance 3 limited Estimated Valuation
Pomanda estimates the enterprise value of PRIVILEGE PROJECT FINANCE 3 LIMITED at £0 based on Net Assets of £-20m and 1.95x industry multiple (adjusted for liquidity).
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Privilege Project Finance 3 Limited Overview
Privilege Project Finance 3 Limited is a live company located in ely, CB6 3LD with a Companies House number of 12988700. It operates in the credit granting by non-deposit taking finance houses and other specialist consumer credit grantors sector, SIC Code 64921. Founded in November 2020, it's largest shareholder is privilege project finance limited with a 100% stake. Privilege Project Finance 3 Limited is a startup, mid sized company, Pomanda has estimated its turnover at £5.7m with rapid growth in recent years.
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Privilege Project Finance 3 Limited Health Check
Pomanda's financial health check has awarded Privilege Project Finance 3 Limited a 2 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
1 Regular
5 Weak
Size
annual sales of £5.7m, make it smaller than the average company (£7.3m)
£5.7m - Privilege Project Finance 3 Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 107%, show it is growing at a faster rate (6.6%)
107% - Privilege Project Finance 3 Limited
6.6% - Industry AVG
Production
with a gross margin of 32.4%, this company has a higher cost of product (56.3%)
32.4% - Privilege Project Finance 3 Limited
56.3% - Industry AVG
Profitability
an operating margin of -371.6% make it less profitable than the average company (14.3%)
-371.6% - Privilege Project Finance 3 Limited
14.3% - Industry AVG
Employees
with 2 employees, this is below the industry average (33)
2 - Privilege Project Finance 3 Limited
33 - Industry AVG
Pay Structure
on an average salary of £61.9k, the company has an equivalent pay structure (£61.9k)
- Privilege Project Finance 3 Limited
£61.9k - Industry AVG
Efficiency
resulting in sales per employee of £2.9m, this is more efficient (£384.2k)
£2.9m - Privilege Project Finance 3 Limited
£384.2k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Project Finance 3 Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Project Finance 3 Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Privilege Project Finance 3 Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Privilege Project Finance 3 Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 192.8%, this is a higher level of debt than the average (90.6%)
192.8% - Privilege Project Finance 3 Limited
90.6% - Industry AVG
PRIVILEGE PROJECT FINANCE 3 LIMITED financials
Privilege Project Finance 3 Limited's latest turnover from December 2023 is £5.7 million and the company has net assets of -£20 million. According to their latest financial statements, Privilege Project Finance 3 Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Turnover | 5,743,000 | 5,159,000 | 7,463,000 | 646,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 |
| Cost Of Sales | 3,883,000 | 3,543,000 | 5,609,000 | 619,000 |
| Gross Profit | 1,860,000 | 1,616,000 | 1,854,000 | 27,000 |
| Admin Expenses | 23,204,000 | 2,039,000 | 82,000 | 45,000 |
| Operating Profit | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
| Interest Payable | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
| Tax | 0 | 0 | 0 | 0 |
| Profit After Tax | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Retained Profit | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
| Employee Costs | ||||
| Number Of Employees | 2 | 2 | 3 | 2 |
| EBITDA* | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 2,034,000 | 16,028,000 |
| Total Fixed Assets | 0 | 0 | 2,034,000 | 16,028,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 35,282,000 | 0 |
| Group Debtors | 18,000 | 124,000 | 492,000 | 59,000 |
| Misc Debtors | 21,538,000 | 38,600,000 | 0 | 48,281,000 |
| Cash | 0 | 13,000 | 24,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 21,556,000 | 38,737,000 | 35,798,000 | 48,340,000 |
| total assets | 21,556,000 | 38,737,000 | 37,832,000 | 64,368,000 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 41,552,000 | 37,377,000 | 34,061,000 | 48,319,000 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 17,000 | 29,000 | 18,000 | 14,000 |
| total current liabilities | 41,569,000 | 37,406,000 | 34,079,000 | 48,333,000 |
| loans | 0 | 0 | 1,999,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 16,053,000 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 1,999,000 | 16,053,000 |
| total liabilities | 41,569,000 | 37,406,000 | 36,078,000 | 64,386,000 |
| net assets | -20,013,000 | 1,331,000 | 1,754,000 | -18,000 |
| total shareholders funds | -20,013,000 | 1,331,000 | 1,754,000 | -18,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | -21,344,000 | -423,000 | 1,772,000 | -18,000 |
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -17,168,000 | 916,000 | -26,560,000 | 64,368,000 |
| Creditors | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -12,000 | 11,000 | 4,000 | 14,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | -4,188,000 | -1,328,000 | 28,336,000 | -64,372,000 |
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 4,175,000 | 3,316,000 | -14,258,000 | 48,319,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -1,999,000 | 1,999,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | -16,053,000 | 16,053,000 |
| share issue | ||||
| interest | 0 | 0 | 0 | 0 |
| cash flow from financing | 4,175,000 | 1,317,000 | -28,312,000 | 64,372,000 |
| cash and cash equivalents | ||||
| cash | -13,000 | -11,000 | 24,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | -13,000 | -11,000 | 24,000 | 0 |
privilege project finance 3 limited Credit Report and Business Information
Privilege Project Finance 3 Limited Competitor Analysis
Perform a competitor analysis for privilege project finance 3 limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in CB6 area or any other competitors across 12 key performance metrics.
privilege project finance 3 limited Ownership
PRIVILEGE PROJECT FINANCE 3 LIMITED group structure
Privilege Project Finance 3 Limited has no subsidiary companies.
Ultimate parent company
PRIME HOLDINGS LTD
#0091179
2 parents
PRIVILEGE PROJECT FINANCE 3 LIMITED
12988700
privilege project finance 3 limited directors
Privilege Project Finance 3 Limited currently has 2 directors. The longest serving directors include Mr Christopher Winward (Nov 2020) and Ms Tracy Giles (May 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher Winward | England | 53 years | Nov 2020 | - | Director |
| Ms Tracy Giles | United Kingdom | 53 years | May 2021 | - | Director |
P&L
December 2023turnover
5.7m
+11%
operating profit
-21.3m
+4946%
gross margin
32.4%
+3.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-20m
-16.04%
total assets
21.6m
-0.44%
cash
0
-1%
net assets
Total assets minus all liabilities
Similar Companies
privilege project finance 3 limited company details
company number
12988700
Type
Private limited with Share Capital
industry
64921 - Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors
incorporation date
November 2020
age
4
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 project finance 3 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 2 charges/mortgages relating to privilege project finance 3 limited. Currently there are 1 open charges and 1 have been satisfied in the past.
privilege project finance 3 limited Companies House Filings - See Documents
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