pragma well technology limited
pragma well technology limited Company Information
Company Number
SC533348
Next Accounts
Sep 2025
Shareholders
frontrow energy technology group limited
gary john smart
View AllGroup Structure
View All
Industry
Other business support service activities n.e.c.
Registered Address
wellheads crescent, wellheads industrial estate, aberdeen, AB21 7GA
Website
www.pragma-well.compragma well technology limited Estimated Valuation
Pomanda estimates the enterprise value of PRAGMA WELL TECHNOLOGY LIMITED at £2.6m based on a Turnover of £4.8m and 0.53x industry multiple (adjusted for size and gross margin).
pragma well technology limited Estimated Valuation
Pomanda estimates the enterprise value of PRAGMA WELL TECHNOLOGY LIMITED at £0 based on an EBITDA of £-624.3k and a 3.9x industry multiple (adjusted for size and gross margin).
pragma well technology limited Estimated Valuation
Pomanda estimates the enterprise value of PRAGMA WELL TECHNOLOGY LIMITED at £0 based on Net Assets of £-5.1m and 2.13x industry multiple (adjusted for liquidity).
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Pragma Well Technology Limited Overview
Pragma Well Technology Limited is a live company located in aberdeen, AB21 7GA with a Companies House number of SC533348. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in April 2016, it's largest shareholder is frontrow energy technology group limited with a 86.5% stake. Pragma Well Technology Limited is a young, small sized company, Pomanda has estimated its turnover at £4.8m with rapid growth in recent years.
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Pragma Well Technology Limited Health Check
Pomanda's financial health check has awarded Pragma Well Technology Limited a 2 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
2 Regular
7 Weak
Size
annual sales of £4.8m, make it in line with the average company (£4.8m)
£4.8m - Pragma Well Technology Limited
£4.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 248%, show it is growing at a faster rate (6.7%)
248% - Pragma Well Technology Limited
6.7% - Industry AVG
Production
with a gross margin of 28.9%, this company has a higher cost of product (38.2%)
28.9% - Pragma Well Technology Limited
38.2% - Industry AVG
Profitability
an operating margin of -28.8% make it less profitable than the average company (5.7%)
-28.8% - Pragma Well Technology Limited
5.7% - Industry AVG
Employees
with 39 employees, this is above the industry average (27)
39 - Pragma Well Technology Limited
27 - Industry AVG
Pay Structure
on an average salary of £53.9k, the company has an equivalent pay structure (£53.9k)
- Pragma Well Technology Limited
£53.9k - Industry AVG
Efficiency
resulting in sales per employee of £123.9k, this is less efficient (£171.2k)
£123.9k - Pragma Well Technology Limited
£171.2k - Industry AVG
Debtor Days
it gets paid by customers after 79 days, this is later than average (42 days)
79 days - Pragma Well Technology Limited
42 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (32 days)
53 days - Pragma Well Technology Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 123 days, this is more than average (33 days)
123 days - Pragma Well Technology Limited
33 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (22 weeks)
7 weeks - Pragma Well Technology Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 200.4%, this is a higher level of debt than the average (62.6%)
200.4% - Pragma Well Technology Limited
62.6% - Industry AVG
PRAGMA WELL TECHNOLOGY LIMITED financials
Pragma Well Technology Limited's latest turnover from December 2023 is £4.8 million and the company has net assets of -£5.1 million. According to their latest financial statements, Pragma Well Technology Limited has 39 employees and maintains cash reserves of £178.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 4,833,570 | 5,663,634 | 1,648,268 | 115,071 | 604,554 | 160,775 | ||
| Other Income Or Grants | ||||||||
| Cost Of Sales | 3,434,746 | 2,804,100 | 874,352 | 114,246 | 387,143 | 110,768 | ||
| Gross Profit | 1,398,824 | 2,859,534 | 773,916 | 825 | 217,411 | 50,007 | ||
| Admin Expenses | 2,792,424 | 2,968,742 | 1,612,550 | 482,637 | 463,585 | 466,307 | ||
| Operating Profit | -1,393,600 | -109,208 | -838,634 | -481,812 | -246,174 | -416,300 | ||
| Interest Payable | 881,218 | 733,005 | 433,951 | 179,399 | 112,964 | 89,182 | ||
| Interest Receivable | 1,480 | 1,390 | ||||||
| Pre-Tax Profit | -2,274,818 | -840,733 | -1,271,195 | -661,211 | -359,138 | -505,482 | ||
| Tax | 423,769 | 225,241 | -24,546 | 66,398 | 28,383 | |||
| Profit After Tax | -1,851,049 | -615,492 | -1,295,741 | -594,813 | -330,755 | -505,482 | ||
| Dividends Paid | ||||||||
| Retained Profit | -1,851,049 | -615,492 | -1,295,741 | -594,813 | -330,755 | -505,482 | ||
| Employee Costs | 939,367 | |||||||
| Number Of Employees | 39 | 43 | 24 | 5 | 4 | 4 | ||
| EBITDA* | -624,302 | 667,239 | -433,786 | -442,405 | -223,695 | -399,242 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 364,132 | 351,826 | 428,890 | 16,500 | 17,500 | 8,467 | ||
| Intangible Assets | 1,697,533 | 2,246,860 | 2,818,151 | 376,654 | 136,569 | 71,542 | 63,000 | |
| Investments & Other | ||||||||
| Debtors (Due After 1 year) | ||||||||
| Total Fixed Assets | 2,061,665 | 2,598,686 | 3,247,041 | 393,154 | 154,069 | 80,009 | 63,000 | |
| Stock & work in progress | 1,158,950 | 1,010,369 | 750,722 | 73,482 | 49,308 | 79,983 | ||
| Trade Debtors | 1,047,716 | 1,723,794 | 654,563 | 56,909 | 19,605 | |||
| Group Debtors | 379,827 | 16,178 | 750 | 21,999 | ||||
| Misc Debtors | 237,095 | 229,347 | 251,754 | 205,052 | 65,931 | 13,789 | 1 | |
| Cash | 178,506 | 364,621 | 431,331 | 341,389 | 611,168 | 464,764 | ||
| misc current assets | ||||||||
| total current assets | 3,002,094 | 3,328,131 | 2,088,370 | 636,101 | 783,316 | 578,891 | 22,000 | |
| total assets | 5,063,759 | 5,926,817 | 5,335,411 | 1,029,255 | 937,385 | 658,900 | 85,000 | |
| Bank overdraft | ||||||||
| Bank loan | ||||||||
| Trade Creditors | 499,911 | 334,579 | 305,082 | 13,069 | 9,803 | 6,730 | ||
| Group/Directors Accounts | 120,282 | 120,833 | 49,660 | 46,165 | 49,561 | 53,989 | ||
| other short term finances | ||||||||
| hp & lease commitments | 73,514 | 64,300 | ||||||
| other current liabilities | 591,506 | 661,526 | 916,936 | 19,527 | 12,113 | 14,481 | ||
| total current liabilities | 1,285,213 | 1,181,238 | 1,271,678 | 78,761 | 71,477 | 75,200 | ||
| loans | 8,752,656 | 7,702,752 | 6,545,620 | 2,281,544 | 1,602,145 | 989,182 | ||
| hp & lease commitments | 110,935 | 176,109 | 15,868 | |||||
| Accruals and Deferred Income | ||||||||
| other liabilities | ||||||||
| provisions | 100,714 | 121,764 | ||||||
| total long term liabilities | 8,863,591 | 7,979,575 | 6,683,252 | 2,281,544 | 1,602,145 | 989,182 | ||
| total liabilities | 10,148,804 | 9,160,813 | 7,954,930 | 2,360,305 | 1,673,622 | 1,064,382 | ||
| net assets | -5,085,045 | -3,233,996 | -2,619,519 | -1,331,050 | -736,237 | -405,482 | 85,000 | |
| total shareholders funds | -5,085,045 | -3,233,996 | -2,619,519 | -1,331,050 | -736,237 | -405,482 | 85,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Apr 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -1,393,600 | -109,208 | -838,634 | -481,812 | -246,174 | -416,300 | ||
| Depreciation | 127,340 | 148,814 | 79,148 | 6,422 | 5,140 | 2,189 | ||
| Amortisation | 641,958 | 627,633 | 325,700 | 32,985 | 17,339 | 14,869 | ||
| Tax | 423,769 | 225,241 | -24,546 | 66,398 | 28,383 | |||
| Stock | 148,581 | 259,647 | 677,240 | 24,174 | -30,675 | 79,983 | ||
| Debtors | -288,503 | 1,046,824 | 685,087 | 98,390 | 88,696 | 12,144 | 22,000 | |
| Creditors | 165,332 | 29,497 | 292,013 | 3,266 | 3,073 | 6,730 | ||
| Accruals and Deferred Income | -70,020 | -255,410 | 897,409 | 7,414 | -2,368 | 14,481 | ||
| Deferred Taxes & Provisions | -100,714 | -21,050 | 121,764 | |||||
| Cash flow from operations | -66,013 | -660,954 | -509,473 | -487,891 | -252,628 | -470,158 | -22,000 | |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | ||||||||
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | ||||||||
| Group/Directors Accounts | -551 | 71,173 | 3,495 | -3,396 | -4,428 | 53,989 | ||
| Other Short Term Loans | ||||||||
| Long term loans | 1,049,904 | 1,157,132 | 4,264,076 | 679,399 | 612,963 | 989,182 | ||
| Hire Purchase and Lease Commitments | -55,960 | 224,541 | 15,868 | |||||
| other long term liabilities | ||||||||
| share issue | ||||||||
| interest | -881,218 | -731,525 | -432,561 | -179,399 | -112,964 | -89,182 | ||
| cash flow from financing | 112,175 | 722,336 | 3,858,150 | 496,604 | 495,571 | 968,989 | 85,000 | |
| cash and cash equivalents | ||||||||
| cash | -186,115 | -66,710 | 89,942 | -269,779 | 146,404 | 464,764 | ||
| overdraft | ||||||||
| change in cash | -186,115 | -66,710 | 89,942 | -269,779 | 146,404 | 464,764 |
pragma well technology limited Credit Report and Business Information
Pragma Well Technology Limited Competitor Analysis
Perform a competitor analysis for pragma well technology limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in AB21 area or any other competitors across 12 key performance metrics.
pragma well technology limited Ownership
PRAGMA WELL TECHNOLOGY LIMITED group structure
Pragma Well Technology Limited has 1 subsidiary company.
Ultimate parent company
1 parent
PRAGMA WELL TECHNOLOGY LIMITED
SC533348
1 subsidiary
pragma well technology limited directors
Pragma Well Technology Limited currently has 4 directors. The longest serving directors include Mr Colin Smith (Apr 2016) and Mr Neil McGuinness (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Colin Smith | United Kingdom | 69 years | Apr 2016 | - | Director |
| Mr Neil McGuinness | Scotland | 57 years | Dec 2017 | - | Director |
| Mr Stuart Ferguson | Scotland | 58 years | Dec 2017 | - | Director |
| Mr Gary Smart | Scotland | 54 years | Jan 2018 | - | Director |
P&L
December 2023turnover
4.8m
-15%
operating profit
-1.4m
+1176%
gross margin
29%
-42.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-5.1m
+0.57%
total assets
5.1m
-0.15%
cash
178.5k
-0.51%
net assets
Total assets minus all liabilities
Similar Companies
pragma well technology limited company details
company number
SC533348
Type
Private limited with Share Capital
industry
82990 - Other business support service activities n.e.c.
incorporation date
April 2016
age
9
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
well-sense technology (fli) limited (November 2017)
accountant
-
auditor
JOHNSTON CARMICHAEL LLP
address
wellheads crescent, wellheads industrial estate, aberdeen, AB21 7GA
Bank
-
Legal Advisor
-
pragma well technology 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 pragma well technology limited.
pragma well technology limited Capital Raised & Share Issues BETA
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pragma well technology limited Companies House Filings - See Documents
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