Palacemat Limited

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palacemat limited Company Information

Live

MatureMicroLow

Company Number

01360138

Next Accounts

Jan 2025

Industry

Computer consultancy activities

Directors

Anthony Penfold

Maria Ricagni

Shareholders

maria antonietta ricagni

anthony christopher penfold

Group Structure

View All

Contact

Registered Address

70 cholmley gardens, london, NW6 1UL

Website

palacemat limited Estimated Valuation

£62.1k

Pomanda estimates the enterprise value of PALACEMAT LIMITED at £62.1k based on a Turnover of £112.5k and 0.55x industry multiple (adjusted for size and gross margin).

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Palacemat Limited is a live company located in london, NW6 1UL with a Companies House number of 01360138. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in March 1978, it's largest shareholder is maria antonietta ricagni with a 50% stake. Palacemat Limited is a mature, micro sized company, Pomanda has estimated its turnover at £112.5k with low growth in recent years.

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Pomanda's financial health check has awarded Palacemat Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £112.5k, make it smaller than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.6%)

EXPORT

Palacemat Limited's latest turnover from April 2023 is estimated at £112.5 thousand and the company has net assets of £2.2 thousand. According to their latest financial statements, Palacemat Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	112,506	162,858	124,755	103,148	114,947	113,980	89,064	45,419	57,198	31,389	34,344	36,734	34,195	32,825
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	82,798	117,773	91,873	72,636	81,600	80,703	61,567	30,815	39,430	21,066	22,338	23,576	22,508	20,941
Gross Profit	29,708	45,086	32,882	30,513	33,347	33,277	27,497	14,604	17,768	10,323	12,006	13,158	11,687	11,884
Admin Expenses	50,063	33,276	31,005	35,120	36,890	29,842	36,735	19,500	-2,384	16,437	16,954	-2,148	-9,926	14,394
Operating Profit	-20,355	11,810	1,877	-4,607	-3,543	3,435	-9,238	-4,896	20,152	-6,114	-4,948	15,306	21,613	-2,510
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	42	168	141	129	157	150	67	3
Pre-Tax Profit	-20,355	11,810	1,877	-4,607	-3,543	3,435	-9,196	-4,728	20,293	-5,985	-4,791	15,455	21,680	-2,507
Tax	0	-2,244	-357	0	0	-653	0	0	-4,058	0	0	-3,709	-5,637	0
Profit After Tax	-20,355	9,566	1,520	-4,607	-3,543	2,782	-9,196	-4,728	16,234	-5,985	-4,791	11,746	16,043	-2,507
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-20,355	9,566	1,520	-4,607	-3,543	2,782	-9,196	-4,728	16,234	-5,985	-4,791	11,746	16,043	-2,507
Employee Costs	113,101	103,055	95,277	93,459	104,028	105,310	53,895	57,526	57,553	56,522	54,041	53,894	52,000	51,752
Number Of Employees	2	2	2	2	2	2	1	1	1	1	1	1	1	1
EBITDA*	-20,355	11,810	1,877	-4,607	-3,543	3,435	-9,238	-4,798	20,354	-5,942	-4,776	15,410	21,716	11,145

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	790	1,447	1,320	1,235	1,108	1,986	2,864	158	256	308	480	312	416	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	260	260	260	260	260	260	176
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	790	1,447	1,320	1,235	1,108	1,986	2,864	418	516	568	740	572	676	176
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	34,079	65,988	49,852	36,656	42,298	44,595	33,963	11,766	15,077	6,880	8,112	8,398	7,731	8,071
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	692	91	51	51	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	33,807	33,524	22,781	28,723	34,261	25,599	1,181
misc current assets	0	0	0	0	0	12	0	0	0	0	0	0	0	0
total current assets	34,771	66,079	49,903	36,707	42,298	44,607	33,963	45,573	48,601	29,661	36,835	42,659	33,330	9,252
total assets	35,561	67,526	51,223	37,942	43,406	46,593	36,827	45,991	49,117	30,229	37,575	43,231	34,006	9,428
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	31,262	41,402	36,134	25,144	26,001	25,645	20,011	19,879	18,277	15,623	16,984	17,849	20,370	11,835
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	31,262	41,402	36,134	25,144	26,001	25,645	20,011	19,879	18,277	15,623	16,984	17,849	20,370	11,835
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	2,120	3,590	2,121	1,350	1,350	1,350	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,120	3,590	2,121	1,350	1,350	1,350	0	0	0	0	0	0	0	0
total liabilities	33,382	44,992	38,255	26,494	27,351	26,995	20,011	19,879	18,277	15,623	16,984	17,849	20,370	11,835
net assets	2,179	22,534	12,968	11,448	16,055	19,598	16,816	26,112	30,840	14,606	20,591	25,382	13,636	-2,407
total shareholders funds	2,179	22,534	12,968	11,448	16,055	19,598	16,816	26,112	30,840	14,606	20,591	25,382	13,636	-2,407

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-20,355	11,810	1,877	-4,607	-3,543	3,435	-9,238	-4,896	20,152	-6,114	-4,948	15,306	21,613	-2,510
Depreciation	0	0	0	0	0	0	0	98	202	172	172	104	103	13,655
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-2,244	-357	0	0	-653	0	0	-4,058	0	0	-3,709	-5,637	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-31,308	16,176	13,196	-5,591	-2,297	10,632	22,197	-3,311	8,197	-1,232	-286	667	-340	8,071
Creditors	-10,140	5,268	10,990	-857	356	5,634	132	1,602	2,654	-1,361	-865	-2,521	8,535	11,835
Accruals and Deferred Income	-1,470	1,469	771	0	0	1,350	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-657	127	85	127	-890	-866	-31,303	115	10,753	-6,071	-5,355	8,513	24,954	14,909
Investing Activities
capital expenditure	657	-127	-85	-127	878	878	-2,706	0	-150	0	-340	0	-519	-13,655
Change in Investments	0	0	0	0	0	0	-260	0	0	0	0	0	84	176
cash flow from investments	657	-127	-85	-127	878	878	-2,446	0	-150	0	-340	0	-603	-13,831
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	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
share issue	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	42	168	141	129	157	150	67	3
cash flow from financing	0	0	0	0	0	0	-58	168	141	129	157	150	67	103
cash and cash equivalents
cash	0	0	0	0	0	0	-33,807	283	10,743	-5,942	-5,538	8,662	24,418	1,181
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-33,807	283	10,743	-5,942	-5,538	8,662	24,418	1,181

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PALACEMAT LIMITED group structure

Palacemat Limited has no subsidiary companies.

Ultimate parent company

PALACEMAT LIMITED

01360138

PALACEMAT LIMITED Shareholders

maria antonietta ricagni	50%
anthony christopher penfold	50%

Palacemat Limited currently has 2 directors. The longest serving directors include Mr Anthony Penfold (Dec 1990) and Ms Maria Ricagni (May 2008).

officer	country	age	start	end	role
Mr Anthony Penfold		71 years	Dec 1990	-	Director
Ms Maria Ricagni		59 years	May 2008	-	Director

P&L

April 2023

turnover

112.5k

-31%

operating profit

-20.4k

gross margin

26.5%

-4.62%

turnover

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

Balance Sheet

April 2023

net assets

2.2k

-0.9%

total assets

35.6k

-0.47%

cash

net assets

Total assets minus all liabilities

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company number

01360138

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

March 1978

ultimate parent company

None

previous names

N/A

address

70 cholmley gardens, london, NW6 1UL

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palacemat limited Company Information

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palacemat limited Estimated Valuation

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