palmgrange limited
palmgrange limited Company Information
Company Number
01591746
Registered Address
highdown house 11 highdown road, leamington spa, warwickshire, CV31 1XT
Industry
Other human health activities
Telephone
02084601527
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
hnb care limited 100%
palmgrange limited Estimated Valuation
Pomanda estimates the enterprise value of PALMGRANGE LIMITED at £2.9m based on a Turnover of £4m and 0.73x industry multiple (adjusted for size and gross margin).
palmgrange limited Estimated Valuation
Pomanda estimates the enterprise value of PALMGRANGE LIMITED at £8.6m based on an EBITDA of £1.5m and a 5.82x industry multiple (adjusted for size and gross margin).
palmgrange limited Estimated Valuation
Pomanda estimates the enterprise value of PALMGRANGE LIMITED at £21.4m based on Net Assets of £8.7m and 2.47x industry multiple (adjusted for liquidity).
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Palmgrange Limited Overview
Palmgrange Limited is a live company located in warwickshire, CV31 1XT with a Companies House number of 01591746. It operates in the other human health activities sector, SIC Code 86900. Founded in October 1981, it's largest shareholder is hnb care limited with a 100% stake. Palmgrange Limited is a mature, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.
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Palmgrange Limited Health Check
Pomanda's financial health check has awarded Palmgrange Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £4m, make it larger than the average company (£835.5k)
£4m - Palmgrange Limited
£835.5k - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (6.4%)
13% - Palmgrange Limited
6.4% - Industry AVG
Production
with a gross margin of 50.3%, this company has a lower cost of product (34%)
50.3% - Palmgrange Limited
34% - Industry AVG
Profitability
an operating margin of 37% make it more profitable than the average company (5.6%)
37% - Palmgrange Limited
5.6% - Industry AVG
Employees
with 56 employees, this is above the industry average (20)
56 - Palmgrange Limited
20 - Industry AVG
Pay Structure
on an average salary of £26.2k, the company has an equivalent pay structure (£26.1k)
£26.2k - Palmgrange Limited
£26.1k - Industry AVG
Efficiency
resulting in sales per employee of £71.1k, this is more efficient (£49k)
£71.1k - Palmgrange Limited
£49k - Industry AVG
Debtor Days
it gets paid by customers after 29 days, this is later than average (22 days)
29 days - Palmgrange Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 4 days, this is quicker than average (16 days)
4 days - Palmgrange Limited
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Palmgrange Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 237 weeks, this is more cash available to meet short term requirements (104 weeks)
237 weeks - Palmgrange Limited
104 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.1%, this is a lower level of debt than the average (26.2%)
9.1% - Palmgrange Limited
26.2% - Industry AVG
PALMGRANGE LIMITED financials
Palmgrange Limited's latest turnover from December 2023 is £4 million and the company has net assets of £8.7 million. According to their latest financial statements, Palmgrange Limited has 56 employees and maintains cash reserves of £3.2 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 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,979,276 | 3,582,176 | 3,266,630 | 2,760,718 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 1,979,463 | 1,866,640 | 1,755,565 | 1,490,467 | |||||||||||
| Gross Profit | 1,999,813 | 1,715,536 | 1,511,065 | 1,270,251 | |||||||||||
| Admin Expenses | 527,312 | 483,802 | 46,334 | 55,187 | |||||||||||
| Operating Profit | 1,472,501 | 1,231,734 | 1,464,731 | 1,215,064 | |||||||||||
| Interest Payable | 0 | 0 | 0 | 319 | |||||||||||
| Interest Receivable | 3,012 | 211 | 521 | 9,404 | |||||||||||
| Pre-Tax Profit | 1,475,513 | 1,231,945 | 1,465,252 | 1,224,149 | |||||||||||
| Tax | -461,894 | -290,927 | -271,797 | -238,017 | |||||||||||
| Profit After Tax | 1,013,619 | 941,018 | 1,193,455 | 986,132 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | |||||||||||
| Retained Profit | 1,013,619 | 941,018 | 1,193,455 | 986,132 | |||||||||||
| Employee Costs | 1,464,929 | 1,297,892 | 1,175,074 | 1,056,952 | |||||||||||
| Number Of Employees | 56 | 56 | 56 | 54 | 43 | 34 | 38 | 19 | |||||||
| EBITDA* | 1,472,501 | 1,231,734 | 1,473,454 | 1,224,591 |
* 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,222,669 | 3,206,173 | 3,209,283 | 3,213,175 | 3,220,303 | 3,222,674 | 3,172,514 | 2,371,610 | 1,901,320 | 1,129,491 | 1,136,675 | 1,139,418 | 1,102,312 | 2,040,360 | 2,049,321 |
| 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 | 0 | 0 |
| Total Fixed Assets | 3,222,669 | 3,206,173 | 3,209,283 | 3,213,175 | 3,220,303 | 3,222,674 | 3,172,514 | 2,371,610 | 1,901,320 | 1,129,491 | 1,136,675 | 1,139,418 | 1,102,312 | 2,040,360 | 2,049,321 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 318,764 | 53,759 | 61,698 | 81,753 | 1,441,836 | 1,232,495 | 1,069,627 | 15,912 | 9,765 | 1,308,121 | 1,190,418 | 1,063,108 | 984,559 | 12,726 | 8,602 |
| Group Debtors | 2,798,235 | 2,500,412 | 2,201,613 | 1,998,425 | 0 | 0 | 0 | 981,160 | 1,262,385 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,976 | 6,420 | 28,292 | 13,635 | 0 | 0 | 0 | 12,057 | 17,379 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,190,464 | 2,628,903 | 1,922,013 | 1,269,535 | 1,146,790 | 616,230 | 265,114 | 476,610 | 175,626 | 271,057 | 364,056 | 541,238 | 293,007 | 164,482 | 233,627 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,331,439 | 5,189,494 | 4,213,616 | 3,363,348 | 2,588,626 | 1,848,725 | 1,334,741 | 1,485,739 | 1,465,155 | 1,579,178 | 1,554,474 | 1,604,346 | 1,277,566 | 177,208 | 242,229 |
| total assets | 9,554,108 | 8,395,667 | 7,422,899 | 6,576,523 | 5,808,929 | 5,071,399 | 4,507,255 | 3,857,349 | 3,366,475 | 2,708,669 | 2,691,149 | 2,743,764 | 2,379,878 | 2,217,568 | 2,291,550 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 23,258 | 25,980 | 15,765 | 64,507 | 955,710 | 1,380,963 | 1,609,296 | 19,846 | 6,917 | 208,016 | 204,746 | 269,850 | 239,811 | 205,667 | 311,218 |
| Group/Directors Accounts | 222,245 | 226,402 | 237,361 | 240,561 | 0 | 0 | 0 | 82,832 | 4,455 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 452,495 | 344,088 | 312,524 | 601,361 | 0 | 0 | 0 | 940,598 | 660,888 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 697,998 | 596,470 | 565,650 | 906,429 | 955,710 | 1,380,963 | 1,609,296 | 1,043,276 | 672,260 | 208,016 | 204,746 | 269,850 | 239,811 | 205,667 | 311,218 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 175,211 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 167,290 | 123,996 | 123,066 | 129,366 | 123,412 | 158,222 | 153,098 | 146,263 | 9,664 | 9,674 | 9,303 | 9,176 | 0 | 0 | 132,225 |
| total long term liabilities | 167,290 | 123,996 | 123,066 | 129,366 | 298,623 | 158,222 | 153,098 | 146,263 | 9,664 | 9,674 | 9,303 | 9,176 | 0 | 0 | 132,225 |
| total liabilities | 865,288 | 720,466 | 688,716 | 1,035,795 | 1,254,333 | 1,539,185 | 1,762,394 | 1,189,539 | 681,924 | 217,690 | 214,049 | 279,026 | 239,811 | 205,667 | 443,443 |
| net assets | 8,688,820 | 7,675,201 | 6,734,183 | 5,540,728 | 4,554,596 | 3,532,214 | 2,744,861 | 2,667,810 | 2,684,551 | 2,490,979 | 2,477,100 | 2,464,738 | 2,140,067 | 2,011,901 | 1,848,107 |
| total shareholders funds | 8,688,820 | 7,675,201 | 6,734,183 | 5,540,728 | 4,554,596 | 3,532,214 | 2,744,861 | 2,667,810 | 2,684,551 | 2,490,979 | 2,477,100 | 2,464,738 | 2,140,067 | 2,011,901 | 1,848,107 |
| 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 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 1,472,501 | 1,231,734 | 1,464,731 | 1,215,064 | |||||||||||
| Depreciation | 0 | 0 | 8,723 | 9,527 | 9,840 | 10,564 | 8,528 | 7,301 | 7,463 | 7,885 | 8,969 | 9,148 | 6,120 | 5,919 | 6,999 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -461,894 | -290,927 | -271,797 | -238,017 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 580,384 | 268,988 | 197,790 | 651,977 | 209,341 | 162,868 | 60,498 | -280,400 | -18,592 | 117,703 | 127,310 | 78,549 | 971,833 | 4,124 | 8,602 |
| Creditors | -2,722 | 10,215 | -48,742 | -891,203 | -425,253 | -228,333 | 1,589,450 | 12,929 | -201,099 | 3,270 | -65,104 | 30,039 | 34,144 | -105,551 | 311,218 |
| Accruals and Deferred Income | 108,407 | 31,564 | -288,837 | 601,361 | 0 | 0 | -940,598 | 279,710 | 660,888 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 43,294 | 930 | -6,300 | 5,954 | -34,810 | 5,124 | 6,835 | 136,599 | -10 | 371 | 127 | 9,176 | 0 | -132,225 | 132,225 |
| Cash flow from operations | 579,202 | 714,528 | 659,988 | 50,709 | |||||||||||
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -4,157 | -10,959 | -3,200 | 240,561 | 0 | 0 | -82,832 | 78,377 | 4,455 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -175,211 | 175,211 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 3,012 | 211 | 521 | 9,085 | |||||||||||
| cash flow from financing | -1,145 | -10,748 | -2,679 | 74,435 | |||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 561,561 | 706,890 | 652,478 | 122,745 | 530,560 | 351,116 | -211,496 | 300,984 | -95,431 | -92,999 | -177,182 | 248,231 | 128,525 | -69,145 | 233,627 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 561,561 | 706,890 | 652,478 | 122,745 | 530,560 | 351,116 | -211,496 | 300,984 | -95,431 | -92,999 | -177,182 | 248,231 | 128,525 | -69,145 | 233,627 |
palmgrange limited Credit Report and Business Information
Palmgrange Limited Competitor Analysis
Perform a competitor analysis for palmgrange limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other small companies, companies in CV31 area or any other competitors across 12 key performance metrics.
palmgrange limited Ownership
PALMGRANGE LIMITED group structure
Palmgrange Limited has no subsidiary companies.
palmgrange limited directors
Palmgrange Limited currently has 2 directors. The longest serving directors include Mrs Kulvinder Bains (Sep 2011) and Mr Balbir Bains (Sep 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Kulvinder Bains | England | 56 years | Sep 2011 | - | Director |
| Mr Balbir Bains | England | 61 years | Sep 2011 | - | Director |
P&L
December 2023turnover
4m
+11%
operating profit
1.5m
+20%
gross margin
50.3%
+4.94%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.7m
+0.13%
total assets
9.6m
+0.14%
cash
3.2m
+0.21%
net assets
Total assets minus all liabilities
palmgrange limited company details
company number
01591746
Type
Private limited with Share Capital
industry
86900 - Other human health activities
incorporation date
October 1981
age
43
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
HARRISON BEALE & OWEN LIMITED
address
highdown house 11 highdown road, leamington spa, warwickshire, CV31 1XT
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
palmgrange 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 10 charges/mortgages relating to palmgrange limited. Currently there are 2 open charges and 8 have been satisfied in the past.
palmgrange limited Companies House Filings - See Documents
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