prodrive topco limited
prodrive topco limited Company Information
Company Number
14670481
Next Accounts
Sep 2025
Shareholders
david pender richards
richards family holdings limited
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
prodrive headquarters, chalker w, banbury, oxfordshire, OX16 4XD
Website
-prodrive topco limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE TOPCO LIMITED at £174m based on a Turnover of £79.8m and 2.18x industry multiple (adjusted for size and gross margin).
prodrive topco limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE TOPCO LIMITED at £47.5m based on an EBITDA of £5.2m and a 9.06x industry multiple (adjusted for size and gross margin).
prodrive topco limited Estimated Valuation
Pomanda estimates the enterprise value of PRODRIVE TOPCO LIMITED at £5.5m based on Net Assets of £4.1m and 1.34x industry multiple (adjusted for liquidity).
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Prodrive Topco Limited Overview
Prodrive Topco Limited is a live company located in oxfordshire, OX16 4XD with a Companies House number of 14670481. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in February 2023, it's largest shareholder is david pender richards with a 64% stake. Prodrive Topco Limited is a startup, large sized company, Pomanda has estimated its turnover at £79.8m with unknown growth in recent years.
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Prodrive Topco Limited Health Check
Pomanda's financial health check has awarded Prodrive Topco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £79.8m, make it larger than the average company (£18.9m)
£79.8m - Prodrive Topco Limited
£18.9m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Prodrive Topco Limited
- - Industry AVG
Production
with a gross margin of 27.3%, this company has a higher cost of product (36.3%)
27.3% - Prodrive Topco Limited
36.3% - Industry AVG
Profitability
an operating margin of 5.6% make it more profitable than the average company (4.5%)
5.6% - Prodrive Topco Limited
4.5% - Industry AVG
Employees
with 345 employees, this is above the industry average (105)
345 - Prodrive Topco Limited
105 - Industry AVG
Pay Structure
on an average salary of £56.9k, the company has a higher pay structure (£44.7k)
£56.9k - Prodrive Topco Limited
£44.7k - Industry AVG
Efficiency
resulting in sales per employee of £231.2k, this is more efficient (£191.4k)
£231.2k - Prodrive Topco Limited
£191.4k - Industry AVG
Debtor Days
it gets paid by customers after 49 days, this is near the average (45 days)
49 days - Prodrive Topco Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (44 days)
74 days - Prodrive Topco Limited
44 days - Industry AVG
Stock Days
it holds stock equivalent to 181 days, this is more than average (40 days)
181 days - Prodrive Topco Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (14 weeks)
8 weeks - Prodrive Topco Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (69.6%)
91.2% - Prodrive Topco Limited
69.6% - Industry AVG
PRODRIVE TOPCO LIMITED financials
Prodrive Topco Limited's latest turnover from December 2023 is £79.8 million and the company has net assets of £4.1 million. According to their latest financial statements, Prodrive Topco Limited has 345 employees and maintains cash reserves of £8.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 79,762,000 | 61,713,000 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 57,977,000 | 45,711,000 |
| Gross Profit | 21,785,000 | 16,002,000 |
| Admin Expenses | 17,347,000 | 13,986,000 |
| Operating Profit | 4,438,000 | 2,016,000 |
| Interest Payable | 355,000 | 885,000 |
| Interest Receivable | 49,000 | 622,000 |
| Pre-Tax Profit | 3,199,000 | 1,606,000 |
| Tax | 1,197,000 | 753,000 |
| Profit After Tax | 4,396,000 | 2,359,000 |
| Dividends Paid | 0 | 6,949,000 |
| Retained Profit | 3,231,000 | -5,008,000 |
| Employee Costs | 19,614,000 | 16,544,000 |
| Number Of Employees | 345 | 298 |
| EBITDA* | 5,248,000 | 2,891,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 3,647,000 | 16,609,000 |
| Intangible Assets | 9,000 | 8,000 |
| Investments & Other | 313,000 | 2,717,000 |
| Debtors (Due After 1 year) | 75,000 | 0 |
| Total Fixed Assets | 4,044,000 | 19,334,000 |
| Stock & work in progress | 28,759,000 | 16,747,000 |
| Trade Debtors | 10,911,000 | 6,706,000 |
| Group Debtors | 15,000 | 195,000 |
| Misc Debtors | 7,091,000 | 6,626,000 |
| Cash | 8,277,000 | 3,061,000 |
| misc current assets | 0 | 0 |
| total current assets | 55,053,000 | 33,335,000 |
| total assets | 59,097,000 | 52,669,000 |
| Bank overdraft | 2,047,000 | 608,000 |
| Bank loan | 0 | 365,000 |
| Trade Creditors | 11,788,000 | 8,445,000 |
| Group/Directors Accounts | 920,000 | 21,000 |
| other short term finances | 97,000 | 9,762,000 |
| hp & lease commitments | 314,000 | 320,000 |
| other current liabilities | 38,545,000 | 22,706,000 |
| total current liabilities | 53,711,000 | 42,227,000 |
| loans | 16,000 | 8,519,000 |
| hp & lease commitments | 164,000 | 445,000 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 180,000 | 8,964,000 |
| total liabilities | 53,891,000 | 51,191,000 |
| net assets | 4,083,000 | 1,397,000 |
| total shareholders funds | 4,083,000 | 1,397,000 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 4,438,000 | 2,016,000 |
| Depreciation | 802,000 | 859,000 |
| Amortisation | 8,000 | 16,000 |
| Tax | 1,197,000 | 753,000 |
| Stock | 12,012,000 | 16,747,000 |
| Debtors | 4,565,000 | 13,527,000 |
| Creditors | 3,343,000 | 8,445,000 |
| Accruals and Deferred Income | 15,839,000 | 22,706,000 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 9,050,000 | 4,521,000 |
| Investing Activities | ||
| capital expenditure | 0 | 0 |
| Change in Investments | -2,404,000 | 2,717,000 |
| cash flow from investments | 2,404,000 | -2,717,000 |
| Financing Activities | ||
| Bank loans | -365,000 | 365,000 |
| Group/Directors Accounts | 899,000 | 21,000 |
| Other Short Term Loans | -9,665,000 | 9,762,000 |
| Long term loans | -8,503,000 | 8,519,000 |
| Hire Purchase and Lease Commitments | -287,000 | 765,000 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -306,000 | -263,000 |
| cash flow from financing | -18,772,000 | 25,574,000 |
| cash and cash equivalents | ||
| cash | 5,216,000 | 3,061,000 |
| overdraft | 1,439,000 | 608,000 |
| change in cash | 3,777,000 | 2,453,000 |
prodrive topco limited Credit Report and Business Information
Prodrive Topco Limited Competitor Analysis
Perform a competitor analysis for prodrive topco limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in OX16 area or any other competitors across 12 key performance metrics.
prodrive topco limited Ownership
PRODRIVE TOPCO LIMITED group structure
Prodrive Topco Limited has 1 subsidiary company.
Ultimate parent company
PRODRIVE TOPCO LIMITED
14670481
1 subsidiary
prodrive topco limited directors
Prodrive Topco Limited currently has 2 directors. The longest serving directors include Ms Karen Richards (Feb 2023) and Mr David Richards (Feb 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Karen Richards | United Kingdom | 71 years | Feb 2023 | - | Director |
| Mr David Richards | United Kingdom | 72 years | Feb 2023 | - | Director |
P&L
December 2023turnover
79.8m
+29%
operating profit
4.4m
+120%
gross margin
27.4%
+5.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.1m
+1.92%
total assets
59.1m
+0.12%
cash
8.3m
+1.7%
net assets
Total assets minus all liabilities
Similar Companies
prodrive topco limited company details
company number
14670481
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
February 2023
age
2
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
GRANT THORNTON UK LLP
address
prodrive headquarters, chalker w, banbury, oxfordshire, OX16 4XD
Bank
-
Legal Advisor
-
prodrive topco 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 did not find charges/mortgages relating to prodrive topco limited.
prodrive topco 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.
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prodrive topco limited Companies House Filings - See Documents
| date | description | view/download |
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