Palmers (watford)

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palmers (watford) Company Information

Company Number

00443247

Next Accounts

Sep 2025

Directors

Braham Rowe

Lance Blackstone

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Shareholders

executors of estate of mrs doris rowe

braham rowe

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Group Structure

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Industry

Buying and selling of own real estate

Registered Address

2 leman street, london, E1W 9US

Website

http://dealer.peugeot.co.uk

palmers (watford) Estimated Valuation

£31.5m

Pomanda estimates the enterprise value of PALMERS (WATFORD) at £31.5m based on a Turnover of £11.2m and 2.81x industry multiple (adjusted for size and gross margin).

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Palmers (watford) is a live company located in london, E1W 9US with a Companies House number of 00443247. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in October 1947, it's largest shareholder is executors of estate of mrs doris rowe with a 50% stake. Palmers (watford) is a mature, mid sized company, Pomanda has estimated its turnover at £11.2m with low growth in recent years.

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Pomanda's financial health check has awarded Palmers (Watford) a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

4 Weak

Size

annual sales of £11.2m, make it larger than the average company (£985.4k)

Growth

3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (3.2%)

EXPORT

Palmers (Watford)'s latest turnover from December 2023 is estimated at £11.2 million and the company has net assets of £3.2 million. According to their latest financial statements, we estimate that Palmers (Watford) has 19 employees and maintains cash reserves of 0 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	Dec 2011	Dec 2010
Turnover	11,199,049	10,626,678	9,985,790	10,819,055	12,439,028	12,259,902	9,932,738	5,447	6,211	5,635	9,229	10,234,616	9,147	12,379
Other Income Or Grants
Cost Of Sales	8,172,124	7,853,633	7,479,799	8,263,940	9,545,682	9,179,875	7,356,040	4,002	4,622	4,311	7,269	7,996,165	7,209	9,687
Gross Profit	3,026,926	2,773,045	2,505,991	2,555,115	2,893,345	3,080,027	2,576,698	1,445	1,589	1,324	1,961	2,238,451	1,939	2,692
Admin Expenses	3,026,926	2,773,045	2,505,992	2,555,943	2,893,819	2,765,132	2,456,338	-23,773	-24,469	-15,957	3,123	2,230,488	-5,164	-3,927,602
Operating Profit			-1	-828	-474	314,895	120,360	25,218	26,058	17,281	-1,162	7,963	7,103	3,930,294
Interest Payable
Interest Receivable							3	6	35	33	24	27	20	10
Pre-Tax Profit			-1	-828	-474	314,895	120,363	25,224	26,093	17,314	-1,138	7,989	7,123	3,930,304
Tax						-59,830	-22,869	-5,045	-5,218	-3,636		-1,917	-1,852	-1,100,485
Profit After Tax			-1	-828	-474	255,065	97,494	20,179	20,874	13,678	-1,138	6,072	5,271	2,829,819
Dividends Paid
Retained Profit			-1	-828	-474	255,065	97,494	20,179	20,874	13,678	-1,138	6,072	5,271	2,829,819
Employee Costs	675,955	659,189	668,591	752,646	840,325	869,345	718,673	31,981	32,193	30,705	30,058	634,818	28,694	29,112
Number Of Employees	19	19	20	23	24	26	23	1	1	1	1	22	1	1
EBITDA*			-1	-828	-474	314,895	120,360	25,218	26,058	17,281	-1,162	7,963	7,103	3,930,294

* 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	Dec 2011	Dec 2010
Tangible Assets							329,450	329,450	329,450	329,450	329,450	329,450	329,450	329,450
Intangible Assets
Investments & Other
Debtors (Due After 1 year)								2,645,017	2,622,693	2,593,193	2,589,953		2,585,198	2,585,228
Total Fixed Assets							329,450	2,974,467	2,952,143	2,922,643	2,919,403	329,450	2,914,648	2,914,678
Stock & work in progress
Trade Debtors	3,247,275	3,247,275	3,247,275	3,247,276	3,248,104	3,248,578	2,669,530					2,588,698
Group Debtors
Misc Debtors
Cash								1,273	3,591	10,360	2,819	6,715	3,962	4,118
misc current assets
total current assets	3,247,275	3,247,275	3,247,275	3,247,276	3,248,104	3,248,578	2,669,530	1,273	3,591	10,360	2,819	2,595,413	3,962	4,118
total assets	3,247,275	3,247,275	3,247,275	3,247,276	3,248,104	3,248,578	2,998,980	2,975,740	2,955,734	2,933,003	2,922,222	2,924,863	2,918,610	2,918,796
Bank overdraft
Bank loan
Trade Creditors	1,264	1,264	1,264	1,264	1,264	1,264	6,731	6,310	6,483	4,626	7,523	9,026	8,845	14,302
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	1,264	1,264	1,264	1,264	1,264	1,264	6,731	6,310	6,483	4,626	7,523	9,026	8,845	14,302
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities	1,264	1,264	1,264	1,264	1,264	1,264	6,731	6,310	6,483	4,626	7,523	9,026	8,845	14,302
net assets	3,246,011	3,246,011	3,246,011	3,246,012	3,246,840	3,247,314	2,992,249	2,969,430	2,949,251	2,928,377	2,914,699	2,915,837	2,909,765	2,904,494
total shareholders funds	3,246,011	3,246,011	3,246,011	3,246,012	3,246,840	3,247,314	2,992,249	2,969,430	2,949,251	2,928,377	2,914,699	2,915,837	2,909,765	2,904,494

	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010
Operating Activities
Operating Profit	-1	-828	-474	314,895	120,360	25,218	26,058	17,281	-1,162	7,963	7,103	3,930,294
Depreciation
Amortisation
Tax				-59,830	-22,869	-5,045	-5,218	-3,636		-1,917	-1,852	-1,100,485
Stock
Debtors	-1	-828	-474	579,048	24,513	22,324	29,500	3,240	1,255	3,500	-30	2,585,228
Creditors				-5,467	421	-173	1,857	-2,897	-1,503	181	-5,457	14,302
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations				-329,450	73,399	-2,324	-6,803	7,508	-3,920	2,727	-176	258,883
Investing Activities
capital expenditure				329,450								-329,450
Change in Investments
cash flow from investments				329,450								-329,450
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue					-74,675							74,675
interest					3	6	35	33	24	27	20	10
cash flow from financing					-74,672	6	35	33	24	27	20	74,685
cash and cash equivalents
cash					-1,273	-2,318	-6,769	7,541	-3,896	2,753	-156	4,118
overdraft
change in cash					-1,273	-2,318	-6,769	7,541	-3,896	2,753	-156	4,118

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for palmers (watford) by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in E1W area or any other competitors across 12 key performance metrics.

PALMERS (WATFORD) group structure

Palmers (Watford) has no subsidiary companies.

Ultimate parent company

PALMERS (WATFORD)

00443247

PALMERS (WATFORD) Shareholders

executors of estate of mrs doris rowe	50%
braham rowe	19.98%
patricia adele blackstone	14.98%
joy marion larholt	14.98%
lance roy blackstone	0.03%
t. rowe	0.03%
e. larholt	0.03%

Palmers (Watford) currently has 3 directors. The longest serving directors include Mr Braham Rowe (Feb 1991) and Mr Lance Blackstone (Feb 2000).

officer	country	age	start	end	role
Mr Braham Rowe		82 years	Feb 1991	-	Director
Mr Lance Blackstone	United Kingdom	78 years	Feb 2000	-	Director
Mr James Larholt		81 years	Apr 2007	-	Director

P&L

December 2023

turnover

11.2m

+5%

operating profit

gross margin

27.1%

+3.58%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

3.2m

total assets

3.2m

cash

net assets

Total assets minus all liabilities

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company number

00443247

Type

Private unlimited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

October 1947

ultimate parent company

None

previous names

N/A

address

2 leman street, london, E1W 9US

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 3 charges/mortgages relating to palmers (watford). Currently there are 0 open charges and 3 have been satisfied in the past.

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 (watford) Company Information

palmers (watford) Estimated Valuation

palmers (watford) Estimated Valuation

palmers (watford) Estimated Valuation

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PALMERS (WATFORD) financials

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