Prism Financial Advice Limited
Registered name: PRISM FINANCIAL ADVICE LIMITED
Part of Titan Wealth Services Limited groupPrism Financial Advice Limited made £213k profit in the year to 31 Dec 2023 (revenue not disclosed).
Prism Financial Advice Limited reported £213k profit in the year to 31 Dec 2023, down 70% on the year before; its revenue was not disclosed. It had 55 employees. The company is classified under “financial intermediation not elsewhere classified” and is based in Gateshead; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- Gateshead, North East
- Age
- 21 yrs · since 2004
- Type
- Private Limited Company
Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.
Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.
Key figures
This company published its profit but not its turnover, so revenue and margins are not disclosed. We never estimate them.
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Dec 2022 | 31 Dec 2023 |
|---|---|---|
| Disclosure | Profit only | Profit only |
| Profit & loss | ||
| Revenue (turnover) | — | — |
| Profit after tax | £701k | £213k |
| Profit (best available) | £701k | £213k |
| Employees (average) | 47 | 55 |
| Ratios | ||
| Profit margin | — | — |
| Profit per employee | £14.9k | £3.9k |
| Growth (year on year) | ||
| Profit growth | — | ▼69.7% |
| Headcount growth | — | ▲17% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £263k | £467k |
| Net assets | £244k | £934k |
| Fixed assets | £454k | £320k |
| Current assets | £427k | £956k |
| Debtors | £2.7k | £5.5k |
| Source | FullAccounts · bulk data Apr 2024 | FullAccounts · bulk data Apr 2024 |
How the business works
- Profit margin
- —
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- £3.9k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▲283%
- Now £934k
- Cash at bank
- ▲78%
- Now £467k
- Headcount
- ▲17%
- Now 55
- Deferred income
- —
- Now —
- Fixed assets
- ▼30%
- Now £320k
Group structure
Ownership chain
- Titan Wealth Services Limitedultimate parent75–100%
- Titan Advisory Holdings Limited75–100%
- Prism Financial Advice Limitedthis company
Bands show the share of ownership each company holds in the one below it.
Sister companies (10)
- FS 2020 LimitedFigures not disclosed
- Innes Reid Investments LimitedFigures not disclosed
- Iwp Financial Planning LimitedFigures not disclosed
- Loveday & Partners LimitedFigures not disclosed
- Sound Financial Management LimitedFigures not disclosed
- Titan Financial Planning LimitedFigures not disclosed
- Titan Wealth Caerphilly LimitedFigures not disclosed
- Titan Wealth Planning LtdFigures not disclosed
- Wigmore Associates Wealth Management LtdFigures not disclosed
- Workplace Advice Group LtdFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Sources
Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £213k), from the Companies House accounts bulk data published Apr 2024. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.