THE PRS REIT PLC

FLOOR 3, 1 ST. ANN STREET, MANCHESTER, M2 7LR

Company Number: 10638461
Incorporation date: 24-Feb-2017
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts





SUMMARY

This company is 7.1 years old and is currently active. It is controlled by Sigma Cpital Group Plc. The company has positive equity (net assets) of GBP 423.1 million which has decreased from the previous year's figure of GBP 474.3 million. The latest reported revenue figure is GBP 12.9 million which is up 120% on previous year's figure of GBP 6 million. Retained earnings is negative (GBP -13.6 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 5 active officers (directors or partners) who are or were officers of 85 other companies, 19 (22.4%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 31-Dec-2024
Accounts Filed: GROUP (30-Jun-2023)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
30-Jun-2020 GBP 12,945,000 19,863,000 220,000 3,676,000
30-Jun-2019 GBP 5,970,000 14,646,000 789,000 864,000 14,571,000
30-Jun-2018 GBP 1,765,000 2,667,000 570,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
30-Jun-2020 GBP 2,012,000 88,176,000 4,953,000 245,005,000 -13,590,000 423,116,000
30-Jun-2019 GBP 229,946,000 235,414,000 4,953,000 245,005,000 17,808,000 474,325,000
30-Jun-2018 GBP 374,339,000 378,153,000 4,943,000 244,025,000 3,237,000 486,005,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
30-Jun-2019 GBP 0.20% 990,000 489,357,000 490,347,000 187,709,500
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active HANWAY ADVISORY LIMITED 31 Mar 2022 29 Mar 2024 112 - 12
Resigned SIGMA CAPITAL PROPERTY LTD 02 May 2017 31 Mar 2022 148 - 13
Resigned Michael WHITECROSS SCOTT 24 Feb 2017 02 May 2017 0 - 1

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Karima FAHMY 10 Oct 2023 Non-Executive Director British 7 - 10 (0.0%)
Active Geeta NANDA 24 Mar 2021 Non-Executive Director British 5 - 135 (27.8%)
Resigned Aubyn James Sugden PROWER 20 May 2019 04 Dec 2023 Non-Executive Director British 1 - 23667 (28.3%)
Resigned SIGMA CAPITAL PROPERTY LTD 02 May 2017 02 May 2017 148 - 1315 (9.3%)
Active David Steffan FRANCIS 24 Apr 2017 Non-Executive Director British 1 - 310 (0.0%)
Active Stephen Paul SMITH 24 Apr 2017 Non-Executive Chairman British 1 - 330 (0.0%)
Active Roderick Macleod MACRAE 24 Apr 2017 Non-Executive Director British 3 - 5516 (27.6%)
Resigned Graham FLEMING BARNET 24 Feb 2017 24 Apr 2017 Director British 0 - 10 (0.0%)
Resigned Michael WHITECROSS SCOTT 24 Feb 2017 24 Apr 2017 Group Legal Counsel British 0 - 10 (0.0%)
Number of active directors: 5
Average tenure of active directors: 4.9 years
Average tenure of resigned directors: 1.2 years
Average active director Dissolution Rate: 11.1%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
NATIONAL HOUSING FEDERATION LIMITED (00302132) - Active
ABERDEEN ASSET FUND MANAGEMENT LIMITED (00406604) - Dissolved
SCOPE (00520866) - Active
ABRDN FUND MANAGERS LIMITED (00740118) - Active
ABRDN ALTERNATIVE INVESTMENTS LIMITED (00794936) - Active
ABERDEEN PROPERTY INVESTORS UK LIMITED (01024227) - Converted / Closed
ABERDEEN ASSET MANAGEMENT INVESTMENT SERVICES LIMITED (01069282) - Converted / Closed
BROADWAY HOMELESSNESS AND SUPPORT (01299109) - Active
ABRDN INVESTMENTS GROUP LIMITED (01709014) - Active
ABERDEEN FUND MANAGEMENT LIMITED (01942566) - Converted / Closed
ABERDEEN ASSET MANAGEMENT FUNDS LIMITED (02183089) - Dissolved
ABERDEEN ASSET MANAGEMENT INVESTMENT FUNDS LIMITED (02399898) - Liquidation
EDINBURGH PORTFOLIO LIMITED (02419491) - Dissolved
REDROW PLC (02877315) - Active
ABERDEEN PRIVATE EQUITY ADVISERS LIMITED (03368611) - Liquidation
THE NUCLEUS HOUSING GROUP LTD (03618927) - Dissolved
UK LAND ESTATES (PARTNERSHIP) LIMITED (04393103) - Active
UNITED LEARNING TRUST (04439859) - Active
EVER 1855 LIMITED (04502328) - Active
UKLEP (2003) LIMITED (04904181) - Active
NORTH EAST PROPERTY PARTNERSHIP LIMITED (04992068) - Active
LATIMER DEVELOPMENTS LIMITED (05452017) - Active
ABERDEEN MULTI-MANAGER LIMITED (05582499) - Dissolved
ABERDEEN PRIVATE EQUITY MANAGERS LIMITED (05981098) - Liquidation
FOLIO LONDON LIMITED (06091982) - Active
METROPOLITAN FUNDING PLC (06560355) - Active
MCCARTHY & STONE (DEVELOPMENTS) LIMITED (06622183) - Active
MCCARTHY & STONE LIMITED (06622199) - Active
MCCARTHY & STONE RETIREMENT LIFESTYLES LIMITED (06622231) - Active
CLARION FUTURES (07156509) - Active
UK LAND ESTATES PARTNERSHIP (HOLDINGS) LIMITED (07698363) - Active
ACADEMY 4 HOUSING (07837202) - Dissolved
ST MUNGO COMMUNITY HOUSING ASSOCIATION (08225808) - Active
FIZZY NEWCO 1 LTD (08346312) - Active
TVH PRS 2 LIMITED (08897239) - Liquidation
GREAT ORMOND STREET HOSPITAL CHILDREN'S CHARITY (09338724) - Active
PROVIDING BETTER ALTERNATIVES CONSULTANCY LTD (09674041) - Active - Proposal to Strike off
SIGMA PRS INVESTMENTS II LIMITED (10128422) - Active
SIGMA PRS INVESTMENTS III LIMITED (10140376) - Active
SIGMA PRS INVESTMENTS IV LIMITED (10383849) - Active
SIGMA PRS INVESTMENTS V LIMITED (10385618) - Active
SIGMA PRS INVESTMENTS VII LIMITED (10462287) - Active
SIGMA PRS INVESTMENTS VI LIMITED (10467369) - Active
SIGMA PRS INVESTMENTS VIII LIMITED (10571586) - Active
SIGMA PRS INVESTMENTS IX LIMITED (10573603) - Active
THE PRS REIT PLC (10638461) - Active
SIGMA PRS INVESTMENTS (BAYTREE II) LIMITED (10663308) - Active
SIGMA PRS INVESTMENTS (OUR LADY'S) LIMITED (10684675) - Active
THE PRS REIT HOLDING COMPANY LIMITED (10695914) - Active
THE PRS REIT DEVELOPMENT COMPANY LIMITED (10721759) - Active
THE PRS REIT MEMBERCO LIMITED (10854481) - Active
RICON INVESTMENTS LIMITED (10983477) - Active
AVIVA INVESTORS SECURE INCOME REIT LIMITED (10985117) - Active
SIGMA PRS INVESTMENTS (NEWTON LE WILLOWS II) LIMITED (11009678) - Active
SIGMA PRS INVESTMENTS (DARLASTON II) LIMITED (11028091) - Active
SIGMA PRS INVESTMENTS (CARR LANE II) LIMITED (11054232) - Active
SIGMA PRS INVESTMENTS (WHITWORTH WAY II) LIMITED (11086856) - Active
SIGMA PRS INVESTMENTS (CABLE STREET II) LIMITED (11086887) - Active
SIGMA PRS INVESTMENTS (DARLASTON PHASE 2 II) LIMITED (11159344) - Active
SIGMA PRS INVESTMENTS (SUTHERLAND SCHOOL II) LIMITED (11382818) - Active
THE PRS REIT (SW) HOLDING COMPANY LIMITED (11385650) - Active
THE PRS REIT (LBG) HOLDING COMPANY LIMITED (11385652) - Active
THE PRS REIT (LBG) BORROWER LIMITED (11392913) - Active
THE PRS REIT (SW) BORROWER LIMITED (11393311) - Active
THE PRS REIT (SW) MEMBERCO LIMITED (11409522) - Active
THE PRS REIT (LBG) MEMBERCO LIMITED (11409586) - Active
LEGADO TECHNOLOGIES LIMITED (11597076) - Active
THE PRS REIT (SW II) HOLDING COMPANY LIMITED (12046818) - Active
THE PRS REIT (SW II) BORROWER LIMITED (12049318) - Active
THE PRS REIT (SW II) MEMBERCO LIMITED (12052213) - Active
BCP FUTUREPLACES LIMITED (13465045) - Active
KF CONSULT LIMITED (14479226) - Active
EDINBURGH FUND MANAGERS PLC (SC046848) - Active
EDINBURGH UNIT TRUST MANAGERS LIMITED (SC051269) - Active
ABRDN HOLDINGS LIMITED (SC082015) - Active
THE EDINBURGH SECURITIES COMPANY LIMITED (SC090158) - Dissolved
GLASGOW INVESTMENT MANAGERS LIMITED (SC100167) - Liquidation
ABERDEEN INVESTMENT SOLUTIONS LIMITED (SC106723) - Liquidation
ABRDN INVESTMENTS LIMITED (SC108419) - Active
EDINBURGH FUND MANAGERS GROUP LIMITED (SC157875) - Active
ABERDEEN PENSION TRUSTEES LIMITED (SC186542) - Active
GIM HOLDINGS LIMITED (SC194667) - Dissolved
SUTHERLAND HOLDINGS LIMITED (SC194668) - Dissolved
AGE SCOTLAND ENTERPRISES LIMITED (SC199856) - Active
DUNEDIN FUND MANAGERS LIMITED (SC205737) - Liquidation
SIGMA PRS INVESTMENTS I LIMITED (SC522680) - Active

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

THE PRS REIT PLC

Controlled companies below

LATE PAYMENTS REPORT


This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES


No Court Cases found

PATENTS


No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
ALLIANCE TRUST PLC RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT SC001731 2017-12-31 490,552,000 471,807,000
ELECTRA PRIVATE EQUITY PLC C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA 00303062 2018-09-30 26,000,000 24,000,000
WALSINGHAM CAPITAL LIMITED 66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE 09392397 2017-03-31 8,357,785 0
ANCHORHOLDS LIMITED 118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT SC468481 2018-03-31 86,377 0 64302-Activities of unit trusts
64304-Activities of open-ended investment companies
69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED 6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG 10773394 2018-12-31 63,000 0
EDDLESTON INVESTMENT MANAGEMENT LIMITED 5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ 02100053 2018-12-31 40,124 0
LIFE TENANCY INVESTMENTS LIMITED 18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA 10744662 2018-04-30 0 0 64304-Activities of open-ended investment companies
64306-Activities of real estate investment trusts
66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED 11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG 09916500 2018-12-31 0 0
AXLE TOPCO LIMITED SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH 10223517 0000-00-00 0 0
BTL FAMILY COMPANY LIMITED MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD 07875961 0000-00-00 0 0
CALEDONIA INVESTMENTS PLC CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN 00235481 0000-00-00 0 0
DOWNING ONE VCT PLC THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG 03150868 0000-00-00 0 0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC 2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD SC052844 0000-00-00 0 0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG 07289280 0000-00-00 0 0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED 50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ SC426395 0000-00-00 0 0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11626661 0000-00-00 0 0
LAST MILE INFRASTRUCTURE GROUP LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11534385 0000-00-00 0 0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11614308 0000-00-00 0 0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF 11616387 0000-00-00 0 0
MIDWINTER CAPITAL LIMITED 1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR 11574427 0000-00-00 0 0
SHARVILLE INVESTMENTS LTD ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW 11478733 0000-00-00 0 0 64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED 3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR 11988938 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
THE PRS REIT PLC 0.9% 3.7% 7.1% Medium
Other companies Active in the same sector 1.5% 6.7% 18.5% Medium
Age 0.6% 2.5% 4.9% Medium
Company Type 1.7% 4.0% 5.9% Medium
Accounts category 0.6% 1.5% 2.5% Medium
Accounting Month 0.7% 5.7% 7.5% Medium
Sic code count 0.7% 3.5% 7.0% Medium

VALUATION (BETA)




Valuation ratios as at 2024-02-28


Market Cap GBP Enterprise Value GBP PE EV/Revenue EV/EBITDA
THE PRS REIT PLC 410,290,000 29.5
Real Estate Investment Trusts
( 35 companies)
44,358,940,000 63,114,224,000 13.8
(median)
12.2
(median)
22.9
(median)
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