palmers scaffolding uk limited
palmers scaffolding uk limited Company Information
Company Number
00159161
Next Accounts
Sep 2025
Shareholders
innovative scaffolding solutions ltd
Group Structure
View All
Industry
Scaffold erection
Registered Address
business aviation centre, aviation park, flint road, chester, CH4 0GZ
Website
www.palmersgroup.co.ukpalmers scaffolding uk limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERS SCAFFOLDING UK LIMITED at £12.9m based on a Turnover of £23.8m and 0.54x industry multiple (adjusted for size and gross margin).
palmers scaffolding uk limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERS SCAFFOLDING UK LIMITED at £13m based on an EBITDA of £2.5m and a 5.14x industry multiple (adjusted for size and gross margin).
palmers scaffolding uk limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERS SCAFFOLDING UK LIMITED at £11.6m based on Net Assets of £4.8m and 2.42x industry multiple (adjusted for liquidity).
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Palmers Scaffolding Uk Limited Overview
Palmers Scaffolding Uk Limited is a live company located in chester, CH4 0GZ with a Companies House number of 00159161. It operates in the scaffold erection sector, SIC Code 43991. Founded in September 1919, it's largest shareholder is innovative scaffolding solutions ltd with a 100% stake. Palmers Scaffolding Uk Limited is a mature, large sized company, Pomanda has estimated its turnover at £23.8m with high growth in recent years.
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Palmers Scaffolding Uk Limited Health Check
Pomanda's financial health check has awarded Palmers Scaffolding Uk Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
4 Weak
Size
annual sales of £23.8m, make it larger than the average company (£1.5m)
£23.8m - Palmers Scaffolding Uk Limited
£1.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (8.9%)
23% - Palmers Scaffolding Uk Limited
8.9% - Industry AVG
Production
with a gross margin of 24.2%, this company has a higher cost of product (35.7%)
24.2% - Palmers Scaffolding Uk Limited
35.7% - Industry AVG
Profitability
an operating margin of 9.3% make it as profitable than the average company (10.4%)
9.3% - Palmers Scaffolding Uk Limited
10.4% - Industry AVG
Employees
with 189 employees, this is above the industry average (17)
189 - Palmers Scaffolding Uk Limited
17 - Industry AVG
Pay Structure
on an average salary of £82k, the company has a higher pay structure (£42.9k)
£82k - Palmers Scaffolding Uk Limited
£42.9k - Industry AVG
Efficiency
resulting in sales per employee of £125.7k, this is more efficient (£109k)
£125.7k - Palmers Scaffolding Uk Limited
£109k - Industry AVG
Debtor Days
it gets paid by customers after 77 days, this is later than average (63 days)
77 days - Palmers Scaffolding Uk Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 17 days, this is quicker than average (23 days)
17 days - Palmers Scaffolding Uk Limited
23 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Palmers Scaffolding Uk Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (15 weeks)
34 weeks - Palmers Scaffolding Uk Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49%, this is a similar level of debt than the average (52.1%)
49% - Palmers Scaffolding Uk Limited
52.1% - Industry AVG
PALMERS SCAFFOLDING UK LIMITED financials
Palmers Scaffolding Uk Limited's latest turnover from December 2023 is £23.8 million and the company has net assets of £4.8 million. According to their latest financial statements, Palmers Scaffolding Uk Limited has 189 employees and maintains cash reserves of £2.6 million 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 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 23,753,006 | 16,572,940 | 13,123,305 | 12,621,059 | 19,535,000 | 20,926,000 | 17,325,000 | 14,804,000 | 15,732,000 | 13,735,000 | 27,554,000 | 53,732,000 | 37,182,000 | 32,471,000 | 31,286,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 18,015,338 | 13,275,239 | 9,879,012 | 11,090,897 | 15,009,000 | 17,044,000 | 15,098,000 | 14,288,000 | 15,275,000 | 11,097,000 | 22,974,000 | 49,597,000 | 39,936,000 | 28,869,000 | 27,361,000 |
| Gross Profit | 5,737,668 | 3,297,701 | 3,244,293 | 1,530,162 | 4,526,000 | 3,882,000 | 2,227,000 | 516,000 | 457,000 | 2,638,000 | 4,580,000 | 4,135,000 | -2,754,000 | 3,602,000 | 3,925,000 |
| Admin Expenses | 3,536,157 | 2,275,222 | 3,274,345 | 2,372,376 | 4,610,000 | 3,789,000 | 3,658,000 | 3,958,000 | 3,889,000 | 3,339,000 | 3,818,000 | 9,496,000 | 7,606,000 | 6,803,000 | 6,323,000 |
| Operating Profit | 2,201,511 | 1,022,479 | -30,052 | -842,214 | -84,000 | 93,000 | -1,431,000 | -3,442,000 | -3,432,000 | -701,000 | 762,000 | -5,361,000 | -10,360,000 | -3,201,000 | -2,398,000 |
| Interest Payable | 201,655 | 141,396 | 91,880 | 12,839 | 27,000 | 58,000 | 11,000 | 143,000 | 89,000 | 51,000 | 85,000 | 420,000 | 324,000 | 121,000 | 128,000 |
| Interest Receivable | 19,687 | 2,670 | 195 | 1,020 | 1,000 | 0 | 2,000 | 2,000 | 3,000 | 20,000 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 2,019,543 | 883,753 | 12,854 | -854,033 | -110,000 | 35,000 | -1,422,000 | -3,583,000 | -3,518,000 | -732,000 | 677,000 | -5,821,000 | -10,256,000 | -3,281,000 | -2,552,000 |
| Tax | 639,182 | 96,121 | 291,762 | 760 | 168,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,399,000 | 794,000 | 729,000 |
| Profit After Tax | 2,658,725 | 979,874 | 304,616 | -853,273 | 58,000 | 185,000 | -1,422,000 | -3,583,000 | -3,518,000 | -732,000 | 677,000 | -5,821,000 | -12,655,000 | -2,487,000 | -1,823,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 2,658,725 | 979,874 | 304,616 | -853,273 | 58,000 | 185,000 | -1,422,000 | -3,583,000 | -3,518,000 | -732,000 | 677,000 | -5,821,000 | -12,655,000 | -2,487,000 | -1,823,000 |
| Employee Costs | 15,488,552 | 11,985,202 | 12,663,312 | 11,171,205 | 13,536,000 | 13,287,000 | 12,064,000 | 10,916,000 | 11,998,000 | 9,644,000 | 15,563,000 | 35,982,000 | 30,119,000 | 24,004,000 | 24,052,000 |
| Number Of Employees | 189 | 190 | 239 | 242 | 268 | 296 | 278 | 239 | 262 | 221 | 322 | 575 | 770 | 650 | 593 |
| EBITDA* | 2,527,341 | 1,124,543 | 36 | -823,314 | -65,000 | 112,000 | 194,000 | -2,620,000 | -2,568,000 | 243,000 | 2,043,000 | -3,254,000 | -8,561,000 | -1,756,000 | -1,133,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 595,212 | 826,341 | 813,483 | 593,300 | 612,000 | 631,000 | 650,000 | 1,784,000 | 2,209,000 | 2,379,000 | 3,367,000 | 3,859,000 | 6,568,000 | 5,690,000 | 4,561,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,535,000 | 1,119,000 |
| Total Fixed Assets | 595,212 | 826,341 | 813,483 | 593,300 | 612,000 | 631,000 | 650,000 | 1,784,000 | 2,209,000 | 2,379,000 | 3,367,000 | 3,859,000 | 6,568,000 | 7,225,000 | 5,680,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,029,788 | 3,477,017 | 3,356,273 | 4,036,352 | 3,735,000 | 5,174,000 | 4,760,000 | 5,266,000 | 4,064,000 | 2,069,000 | 1,092,000 | 7,348,000 | 7,683,000 | 4,948,000 | 6,575,000 |
| Group Debtors | 0 | 0 | 79,319 | 239,042 | 421,000 | 0 | 351,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,207,869 | 271,687 | 710,820 | 1,180,389 | 1,002,000 | 1,062,000 | 746,000 | 311,000 | 275,000 | 951,000 | 392,000 | 4,526,000 | 220,000 | 236,000 | 202,000 |
| Cash | 2,573,387 | 1,502,557 | 2,076,902 | 1,041,088 | 277,000 | 592,000 | 655,000 | 214,000 | 195,000 | 1,626,000 | 3,125,000 | 65,000 | 0 | 6,000 | 5,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,811,044 | 5,251,261 | 6,223,314 | 6,496,871 | 5,435,000 | 6,828,000 | 6,512,000 | 5,791,000 | 4,534,000 | 4,646,000 | 4,609,000 | 11,939,000 | 7,903,000 | 5,190,000 | 6,782,000 |
| total assets | 9,406,256 | 6,077,602 | 7,036,797 | 7,090,171 | 6,047,000 | 7,459,000 | 7,162,000 | 7,575,000 | 6,743,000 | 7,025,000 | 7,976,000 | 15,798,000 | 14,471,000 | 12,415,000 | 12,462,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 27,000 | 208,000 | 0 |
| Bank loan | 261,302 | 233,000 | 635,833 | 203,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 860,707 | 846,976 | 461,394 | 1,092,968 | 1,260,000 | 2,282,000 | 1,493,000 | 957,000 | 592,000 | 492,000 | 303,000 | 463,000 | 1,716,000 | 744,000 | 944,000 |
| Group/Directors Accounts | 508,167 | 685,049 | 67,185 | 43,410 | 1,084,000 | 360,000 | 631,000 | 0 | 6,175,000 | 3,533,000 | 44,000 | 6,974,000 | 7,418,000 | 4,462,000 | 1,824,000 |
| other short term finances | 255,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 98,566 | 114,968 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,991,856 | 1,067,632 | 1,902,151 | 2,569,766 | 1,916,000 | 3,090,000 | 3,496,000 | 4,145,000 | 1,920,000 | 1,676,000 | 2,073,000 | 8,302,000 | 8,190,000 | 5,353,000 | 5,343,000 |
| total current liabilities | 3,877,032 | 3,431,223 | 3,181,531 | 3,909,344 | 4,260,000 | 5,732,000 | 5,620,000 | 5,102,000 | 8,687,000 | 5,701,000 | 2,420,000 | 15,739,000 | 17,351,000 | 10,767,000 | 8,111,000 |
| loans | 692,698 | 454,000 | 2,569,167 | 2,246,800 | 0 | 0 | 0 | 0 | 0 | 0 | 3,500,000 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 60,801 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 42,692 | 39,142 | 51,935 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 18,128 | 18,128 | 83,408 | 83,000 | 81,000 | 0 | 0 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 735,390 | 511,270 | 2,700,031 | 2,330,208 | 83,000 | 81,000 | 0 | 0 | 250,000 | 0 | 3,500,000 | 0 | 240,000 | 634,000 | 608,000 |
| total liabilities | 4,612,422 | 3,942,493 | 5,881,562 | 6,239,552 | 4,343,000 | 5,813,000 | 5,620,000 | 5,102,000 | 8,937,000 | 5,701,000 | 5,920,000 | 15,739,000 | 17,591,000 | 11,401,000 | 8,719,000 |
| net assets | 4,793,834 | 2,135,109 | 1,155,235 | 850,619 | 1,704,000 | 1,646,000 | 1,542,000 | 2,473,000 | -2,194,000 | 1,324,000 | 2,056,000 | 59,000 | -3,120,000 | 1,014,000 | 3,743,000 |
| total shareholders funds | 4,793,834 | 2,135,109 | 1,155,235 | 850,619 | 1,704,000 | 1,646,000 | 1,542,000 | 2,473,000 | -2,194,000 | 1,324,000 | 2,056,000 | 59,000 | -3,120,000 | 1,014,000 | 3,743,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 2,201,511 | 1,022,479 | -30,052 | -842,214 | -84,000 | 93,000 | -1,431,000 | -3,442,000 | -3,432,000 | -701,000 | 762,000 | -5,361,000 | -10,360,000 | -3,201,000 | -2,398,000 |
| Depreciation | 325,830 | 102,064 | 30,088 | 18,900 | 19,000 | 19,000 | 19,000 | 822,000 | 864,000 | 944,000 | 1,281,000 | 2,107,000 | 1,799,000 | 1,445,000 | 1,265,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 1,606,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 639,182 | 96,121 | 291,762 | 760 | 168,000 | 150,000 | 0 | 0 | 0 | 0 | 0 | 0 | -2,399,000 | 794,000 | 729,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 2,488,953 | -397,708 | -1,309,371 | 297,783 | -1,078,000 | 379,000 | 280,000 | 1,238,000 | 1,319,000 | 1,536,000 | -10,390,000 | 3,971,000 | 1,184,000 | -1,177,000 | 7,896,000 |
| Creditors | 13,731 | 385,582 | -631,574 | -167,032 | -1,022,000 | 789,000 | 536,000 | 365,000 | 100,000 | 189,000 | -160,000 | -1,253,000 | 972,000 | -200,000 | 944,000 |
| Accruals and Deferred Income | 927,774 | -847,312 | -615,680 | 653,766 | -1,174,000 | -406,000 | -649,000 | 2,225,000 | 244,000 | -397,000 | -6,229,000 | 112,000 | 2,837,000 | 10,000 | 5,343,000 |
| Deferred Taxes & Provisions | -18,128 | 0 | -65,280 | 408 | 2,000 | 81,000 | 0 | -250,000 | 250,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 1,600,947 | 1,156,642 | 288,635 | -633,195 | -1,013,000 | 347,000 | -199,000 | -1,518,000 | -3,293,000 | -1,501,000 | 6,044,000 | -8,366,000 | -8,335,000 | 25,000 | -2,013,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 28,302 | -402,833 | 432,633 | 203,200 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -176,882 | 617,864 | 23,775 | -1,040,590 | 724,000 | -271,000 | 631,000 | -6,175,000 | 2,642,000 | 3,489,000 | -6,930,000 | -444,000 | 2,956,000 | 2,638,000 | 1,824,000 |
| Other Short Term Loans | -245,000 | 500,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 238,698 | -2,115,167 | 322,367 | 2,246,800 | 0 | 0 | 0 | 0 | 0 | -3,500,000 | 3,500,000 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -98,566 | -77,203 | 175,769 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -181,968 | -138,726 | -91,685 | -11,819 | -26,000 | -58,000 | -9,000 | -141,000 | -86,000 | -31,000 | -85,000 | -420,000 | -324,000 | -121,000 | -128,000 |
| cash flow from financing | -435,416 | -1,616,065 | 862,859 | 1,397,483 | 698,000 | -410,000 | 1,113,000 | 1,934,000 | 2,556,000 | -42,000 | -2,195,000 | 8,136,000 | 11,153,000 | 2,275,000 | 7,262,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,070,830 | -574,345 | 1,035,814 | 764,088 | -315,000 | -63,000 | 441,000 | 19,000 | -1,431,000 | -1,499,000 | 3,060,000 | 65,000 | -6,000 | 1,000 | 5,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -27,000 | -181,000 | 208,000 | 0 |
| change in cash | 1,070,830 | -574,345 | 1,035,814 | 764,088 | -315,000 | -63,000 | 441,000 | 19,000 | -1,431,000 | -1,499,000 | 3,060,000 | 92,000 | 175,000 | -207,000 | 5,000 |
palmers scaffolding uk limited Credit Report and Business Information
Palmers Scaffolding Uk Limited Competitor Analysis
Perform a competitor analysis for palmers scaffolding uk limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in CH4 area or any other competitors across 12 key performance metrics.
palmers scaffolding uk limited Ownership
PALMERS SCAFFOLDING UK LIMITED group structure
Palmers Scaffolding Uk Limited has no subsidiary companies.
Ultimate parent company
1 parent
PALMERS SCAFFOLDING UK LIMITED
00159161
palmers scaffolding uk limited directors
Palmers Scaffolding Uk Limited currently has 3 directors. The longest serving directors include Mr Adam Butt (Jan 2017) and Mr Colin Butt (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Adam Butt | England | 29 years | Jan 2017 | - | Director |
| Mr Colin Butt | United Kingdom | 81 years | Jan 2017 | - | Director |
| Mr Michael Carr | England | 60 years | Jan 2021 | - | Director |
P&L
December 2023turnover
23.8m
+43%
operating profit
2.2m
+115%
gross margin
24.2%
+21.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.8m
+1.25%
total assets
9.4m
+0.55%
cash
2.6m
+0.71%
net assets
Total assets minus all liabilities
palmers scaffolding uk limited company details
company number
00159161
Type
Private limited with Share Capital
industry
43991 - Scaffold erection
incorporation date
September 1919
age
106
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
xervon palmers limited (January 2017)
thyssenkrupp palmers limited (January 2012)
See moreaccountant
-
auditor
DSG
address
business aviation centre, aviation park, flint road, chester, CH4 0GZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
palmers scaffolding uk 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 12 charges/mortgages relating to palmers scaffolding uk limited. Currently there are 4 open charges and 8 have been satisfied in the past.
palmers scaffolding uk 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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palmers scaffolding uk limited Companies House Filings - See Documents
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