Palmstone Estates Limited

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palmstone estates limited Company Information

Live

MatureMicroRapid

Company Number

01978466

Website

Registered Address

12 market street, hebden bridge, west yorkshire, HX7 6AD

Industry

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

Telephone

Next Accounts Due

December 2024

Group Structure

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Directors

Simon Bunting23 Years

David Godfrey2 Years

Shareholders

wendgreen ltd 50%

staroche ltd pension fund 37.5%

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palmstone estates limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of PALMSTONE ESTATES LIMITED at £1.8m based on Net Assets of £1.1m and 1.58x industry multiple (adjusted for liquidity).

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Palmstone Estates Limited is a live company located in west yorkshire, HX7 6AD with a Companies House number of 01978466. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 1986, it's largest shareholder is wendgreen ltd with a 50% stake. Palmstone Estates Limited is a mature, micro sized company, Pomanda has estimated its turnover at £348.1k with rapid growth in recent years.

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Pomanda's financial health check has awarded Palmstone Estates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

3 Strong

3 Regular

3 Weak

Size

annual sales of £348.1k, make it smaller than the average company (£802.9k)

Growth

3 year (CAGR) sales growth of 48%, show it is growing at a faster rate (1.9%)

EXPORT

Palmstone Estates Limited's latest turnover from March 2023 is estimated at £348.1 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Palmstone Estates Limited has 2 employees and maintains cash reserves of £106.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	348,074	110,707	98,806	107,918	92,019	115,667	95,165	112,939	56,057	86,219	80,172	35,369	84,737	125,423
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	89,770	28,074	24,434	27,641	24,010	28,926	23,891	31,617	18,544	27,423	24,156	10,742	27,072	38,385
Gross Profit	258,304	82,632	74,373	80,277	68,009	86,741	71,274	81,322	37,512	58,797	56,015	24,627	57,665	87,037
Admin Expenses	244,446	55,898	-14,183	109,391	53,609	60,173	85,140	83,881	39,162	45,959	25,487	64,613	62,316	-330,290
Operating Profit	13,858	26,734	88,556	-29,114	14,400	26,568	-13,866	-2,559	-1,650	12,838	30,528	-39,986	-4,651	417,327
Interest Payable	17,938	11,813	10,675	10,675	11,813	5,688	0	0	0	0	0	0	0	0
Interest Receivable	4,603	781	67	53	496	258	132	315	305	297	223	576	1,000	499
Pre-Tax Profit	523	15,702	77,948	-39,736	3,083	21,138	-13,734	-2,244	-1,345	13,135	30,751	-39,410	-3,651	417,826
Tax	-99	-2,983	-14,810	0	-586	-4,016	0	0	0	-3,021	-7,380	0	0	-116,991
Profit After Tax	424	12,719	63,138	-39,736	2,497	17,122	-13,734	-2,244	-1,345	10,114	23,371	-39,410	-3,651	300,835
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	424	12,719	63,138	-39,736	2,497	17,122	-13,734	-2,244	-1,345	10,114	23,371	-39,410	-3,651	300,835
Employee Costs	60,915	57,952	53,723	54,852	54,397	51,985	51,143	52,425	26,025	24,811	23,932	23,916	23,288	24,399
Number Of Employees	2	2	2	2	2	2	2	2	1	1	1	1	1	1
EBITDA*	13,858	26,734	88,556	-29,114	14,400	26,568	-13,866	-2,559	-1,650	12,838	30,528	-39,986	-4,651	417,327

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	850,000
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,250,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,300,000	1,285,000	1,285,000	976,718	850,000	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,250,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,320,000	1,300,000	1,285,000	1,285,000	976,718	850,000	850,000
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	1,000	575	775	1,775	2,984	3,568	2,596	3,680	7,145	6,294	2,182	6,865	11,221
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,975	2,001	1,850	2,146	2,148	1,846	2,094	0	0	0	0	0	0	0
Cash	106,894	109,696	98,558	35,303	70,553	61,632	41,527	63,823	62,274	59,697	59,096	30,047	200,155	199,796
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	108,869	112,697	100,983	38,224	74,476	66,462	47,189	66,419	65,954	66,842	65,390	32,229	207,020	211,017
total assets	1,358,869	1,432,697	1,420,983	1,358,224	1,394,476	1,386,462	1,367,189	1,386,419	1,365,954	1,351,842	1,350,390	1,008,947	1,057,020	1,061,017
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	0	0	0	0	227	0	559	25,583	22,874	22,417	31,079	21,289	29,952	30,298
Group/Directors Accounts	14	14	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	25,589	29,841	30,860	31,239	27,528	22,238	19,528	0	0	0	0	0	0	0
total current liabilities	25,603	29,855	30,860	31,239	27,755	22,238	20,087	25,583	22,874	22,417	31,079	21,289	29,952	30,298
loans	175,000	175,000	175,000	175,000	175,000	175,000	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	175,000	175,000	175,000	175,000	175,000	175,000	175,000	0
provisions	49,690	53,208	53,208	53,208	47,607	47,607	51,317	57,449	0	0	0	0	0	0
total long term liabilities	224,690	228,208	228,208	228,208	222,607	222,607	226,317	232,449	175,000	175,000	175,000	175,000	175,000	175,000
total liabilities	250,293	258,063	259,068	259,447	250,362	244,845	246,404	258,032	197,874	197,417	206,079	196,289	204,952	205,298
net assets	1,108,576	1,174,634	1,161,915	1,098,777	1,144,114	1,141,617	1,120,785	1,128,387	1,168,080	1,154,425	1,144,311	812,658	852,068	855,719
total shareholders funds	1,108,576	1,174,634	1,161,915	1,098,777	1,144,114	1,141,617	1,120,785	1,128,387	1,168,080	1,154,425	1,144,311	812,658	852,068	855,719

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	13,858	26,734	88,556	-29,114	14,400	26,568	-13,866	-2,559	-1,650	12,838	30,528	-39,986	-4,651	417,327
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-99	-2,983	-14,810	0	-586	-4,016	0	0	0	-3,021	-7,380	0	0	-116,991
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,026	576	-496	-1,002	-907	-832	3,066	-1,084	-3,465	851	4,112	-4,683	-4,356	11,221
Creditors	0	0	0	-227	227	-559	-25,024	2,709	457	-8,662	9,790	-8,663	-346	30,298
Accruals and Deferred Income	-4,252	-1,019	-379	3,711	5,290	2,710	19,528	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-3,518	0	0	5,601	0	-3,710	-6,132	57,449	0	0	0	0	0	0
Cash flow from operations	7,015	22,156	73,863	-19,027	20,238	21,825	-28,560	58,683	2,272	304	28,826	-43,966	-641	319,413
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	850,000	-850,000
Change in Investments	-70,000	0	0	0	0	0	0	20,000	15,000	0	308,282	126,718	850,000	0
cash flow from investments	70,000	0	0	0	0	0	0	-20,000	-15,000	0	-308,282	-126,718	0	-850,000
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	14	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	175,000	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	-175,000	0	0	0	0	0	0	175,000	0
share issue	-66,482	0	0	-5,601	0	3,710	6,132	-37,449	15,000	0	308,282	0	0	554,884
interest	-13,335	-11,032	-10,608	-10,622	-11,317	-5,430	132	315	305	297	223	576	1,000	499
cash flow from financing	-79,817	-11,018	-10,608	-16,223	-11,317	-1,720	6,264	-37,134	15,305	297	308,505	576	176,000	555,383
cash and cash equivalents
cash	-2,802	11,138	63,255	-35,250	8,921	20,105	-22,296	1,549	2,577	601	29,049	-170,108	359	199,796
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-2,802	11,138	63,255	-35,250	8,921	20,105	-22,296	1,549	2,577	601	29,049	-170,108	359	199,796

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PALMSTONE ESTATES LIMITED group structure

Palmstone Estates Limited has no subsidiary companies.

Ultimate parent company

PALMSTONE ESTATES LIMITED

01978466

PALMSTONE ESTATES LIMITED Shareholders

wendgreen ltd	50%
staroche ltd pension fund	37.5%
julian stewart godfrey	12.5%

Palmstone Estates Limited currently has 2 directors. The longest serving directors include Mr Simon Bunting (Sep 2000) and Mr David Godfrey (Jul 2022).

officer	country	age	start	end	role
Mr Simon Bunting		74 years	Sep 2000	-	Director
Mr David Godfrey		60 years	Jul 2022	-	Director

P&L

March 2023

turnover

348.1k

+214%

operating profit

13.9k

gross margin

74.3%

-0.58%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

-0.06%

total assets

1.4m

-0.05%

cash

106.9k

-0.03%

net assets

Total assets minus all liabilities

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company number

01978466

Type

Private limited with Share Capital

industry

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

January 1986

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

12 market street, hebden bridge, west yorkshire, HX7 6AD

last accounts submitted

March 2023

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 7 charges/mortgages relating to palmstone estates limited. Currently there are 1 open charges and 6 have been satisfied in the past.

palmstone estates limited Company Information

palmstone estates limited Estimated Valuation

palmstone estates limited Estimated Valuation

palmstone estates limited Estimated Valuation

Palmstone Estates Limited Overview

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PALMSTONE ESTATES LIMITED financials

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palmstone estates limited Ownership

palmstone estates limited directors

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