project source bidco limited
project source bidco limited Company Information
Company Number
13781706
Next Accounts
Sep 2025
Shareholders
vespa capital iii gp llp
anthony rafferty
View AllGroup Structure
View All
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Registered Address
316a beulah hill, london, SE19 3HF
Website
-project source bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT SOURCE BIDCO LIMITED at £47.9m based on a Turnover of £17.4m and 2.76x industry multiple (adjusted for size and gross margin).
project source bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT SOURCE BIDCO LIMITED at £51.9m based on an EBITDA of £4.5m and a 11.47x industry multiple (adjusted for size and gross margin).
project source bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PROJECT SOURCE BIDCO LIMITED at £0 based on Net Assets of £-2.8m and 1.34x industry multiple (adjusted for liquidity).
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Project Source Bidco Limited Overview
Project Source Bidco Limited is a live company located in london, SE19 3HF with a Companies House number of 13781706. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2021, it's largest shareholder is vespa capital iii gp llp with a 94.5% stake. Project Source Bidco Limited is a startup, mid sized company, Pomanda has estimated its turnover at £17.4m with unknown growth in recent years.
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Project Source Bidco Limited Health Check
Pomanda's financial health check has awarded Project Source Bidco Limited a 2.5 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
3 Regular
5 Weak
Size
annual sales of £17.4m, make it in line with the average company (£18.9m)
£17.4m - Project Source Bidco Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Project Source Bidco Limited
- - Industry AVG
Production
with a gross margin of 87.5%, this company has a lower cost of product (36.4%)
87.5% - Project Source Bidco Limited
36.4% - Industry AVG
Profitability
an operating margin of 13.8% make it more profitable than the average company (4.5%)
13.8% - Project Source Bidco Limited
4.5% - Industry AVG
Employees
with 101 employees, this is similar to the industry average (104)
101 - Project Source Bidco Limited
104 - Industry AVG
Pay Structure
on an average salary of £82.7k, the company has a higher pay structure (£44.7k)
£82.7k - Project Source Bidco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £171.8k, this is equally as efficient (£191.4k)
£171.8k - Project Source Bidco Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 127 days, this is later than average (45 days)
127 days - Project Source Bidco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (44 days)
9 days - Project Source Bidco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Project Source Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (14 weeks)
2 weeks - Project Source Bidco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 110%, this is a higher level of debt than the average (69.6%)
110% - Project Source Bidco Limited
69.6% - Industry AVG
PROJECT SOURCE BIDCO LIMITED financials
Project Source Bidco Limited's latest turnover from December 2023 is £17.4 million and the company has net assets of -£2.8 million. According to their latest financial statements, Project Source Bidco Limited has 101 employees and maintains cash reserves of £574 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 17,353,000 | 8,905,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 2,166,000 | 2,269,000 |
| Gross Profit | 15,187,000 | 6,636,000 |
| Admin Expenses | 12,793,000 | 6,825,000 |
| Operating Profit | 2,394,000 | -189,000 |
| Interest Payable | 2,090,000 | 1,377,000 |
| Interest Receivable | 0 | 0 |
| Pre-Tax Profit | 304,000 | -1,566,000 |
| Tax | -556,000 | -1,468,000 |
| Profit After Tax | -252,000 | -3,034,000 |
| Dividends Paid | 0 | 0 |
| Retained Profit | -252,000 | -3,034,000 |
| Employee Costs | 8,352,000 | 4,517,000 |
| Number Of Employees | 101 | 97 |
| EBITDA* | 4,530,000 | 1,244,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 287,000 | 418,000 |
| Intangible Assets | 19,078,000 | 19,729,000 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 23,000 | 33,000 |
| Total Fixed Assets | 19,388,000 | 20,180,000 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 6,077,000 | 3,872,000 |
| Group Debtors | 10,000 | 0 |
| Misc Debtors | 1,810,000 | 1,146,000 |
| Cash | 574,000 | 1,976,000 |
| misc current assets | 0 | 0 |
| total current assets | 8,471,000 | 6,994,000 |
| total assets | 27,859,000 | 27,174,000 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 58,000 | 372,000 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 10,383,000 | 6,992,000 |
| total current liabilities | 10,441,000 | 7,364,000 |
| loans | 19,559,000 | 21,906,000 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 642,000 | 445,000 |
| total long term liabilities | 20,201,000 | 22,351,000 |
| total liabilities | 30,642,000 | 29,715,000 |
| net assets | -2,783,000 | -2,541,000 |
| total shareholders funds | -2,783,000 | -2,541,000 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 2,394,000 | -189,000 |
| Depreciation | 245,000 | 304,000 |
| Amortisation | 1,891,000 | 1,129,000 |
| Tax | -556,000 | -1,468,000 |
| Stock | 0 | 0 |
| Debtors | 2,869,000 | 5,051,000 |
| Creditors | -314,000 | 372,000 |
| Accruals and Deferred Income | 3,391,000 | 6,992,000 |
| Deferred Taxes & Provisions | 197,000 | 445,000 |
| Cash flow from operations | 4,379,000 | 2,534,000 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | 0 | 0 |
| cash flow from investments | 0 | 0 |
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -2,347,000 | 21,906,000 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -2,090,000 | -1,377,000 |
| cash flow from financing | -4,427,000 | 21,022,000 |
| cash and cash equivalents | ||
| cash | -1,402,000 | 1,976,000 |
| overdraft | 0 | 0 |
| change in cash | -1,402,000 | 1,976,000 |
project source bidco limited Credit Report and Business Information
Project Source Bidco Limited Competitor Analysis
Perform a competitor analysis for project source bidco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in SE19 area or any other competitors across 12 key performance metrics.
project source bidco limited Ownership
PROJECT SOURCE BIDCO LIMITED group structure
Project Source Bidco Limited has 2 subsidiary companies.
Ultimate parent company
PROJECT SOURCE BIDCO LIMITED
13781706
2 subsidiaries
project source bidco limited directors
Project Source Bidco Limited currently has 6 directors. The longest serving directors include Khidhr Shafiq (Mar 2022) and Mr Gautham Radhakrishnan (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Khidhr Shafiq | England | 37 years | Mar 2022 | - | Director |
| Mr Gautham Radhakrishnan | United Kingdom | 53 years | May 2022 | - | Director |
| Mr Richard Clark | Scotland | 53 years | May 2022 | - | Director |
| Mr Anthony Rafferty | Scotland | 54 years | May 2022 | - | Director |
| Mr Garry Miller | Scotland | 56 years | May 2022 | - | Director |
| Ms Vivienne Sacco | United Kingdom | 56 years | Jul 2024 | - | Director |
P&L
December 2023turnover
17.4m
+95%
operating profit
2.4m
-1367%
gross margin
87.6%
+17.44%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-2.8m
+0.1%
total assets
27.9m
+0.03%
cash
574k
-0.71%
net assets
Total assets minus all liabilities
Similar Companies
project source bidco limited company details
company number
13781706
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
December 2021
age
4
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
316a beulah hill, london, SE19 3HF
Bank
-
Legal Advisor
-
project source bidco 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 project source bidco limited. Currently there are 2 open charges and 0 have been satisfied in the past.
project source bidco 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.
Click to start generating capital raising & share issue transactions for PROJECT SOURCE BIDCO LIMITED. This can take several minutes, an email will notify you when this has completed.
project source bidco limited Companies House Filings - See Documents
| date | description | view/download |
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