palace enterprises (wells) limited

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palace enterprises (wells) limited Company Information

Share PALACE ENTERPRISES (WELLS) LIMITED

Company Number

03013064

Shareholders

palace trust

Group Structure

View All

Industry

Operation of historical sites and buildings and similar visitor attractions

 

Registered Address

the brewhouse the bishops palace, wells, somerset, BA5 2PD

palace enterprises (wells) limited Estimated Valuation

£772.5k

Pomanda estimates the enterprise value of PALACE ENTERPRISES (WELLS) LIMITED at £772.5k based on a Turnover of £971k and 0.8x industry multiple (adjusted for size and gross margin).

palace enterprises (wells) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of PALACE ENTERPRISES (WELLS) LIMITED at £0 based on an EBITDA of £-35.2k and a 14.41x industry multiple (adjusted for size and gross margin).

palace enterprises (wells) limited Estimated Valuation

£5.3k

Pomanda estimates the enterprise value of PALACE ENTERPRISES (WELLS) LIMITED at £5.3k based on Net Assets of £3.2k and 1.65x industry multiple (adjusted for liquidity).

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Palace Enterprises (wells) Limited Overview

Palace Enterprises (wells) Limited is a live company located in somerset, BA5 2PD with a Companies House number of 03013064. It operates in the operation of historical sites and buildings and similar visitor attractions sector, SIC Code 91030. Founded in January 1995, it's largest shareholder is palace trust with a 100% stake. Palace Enterprises (wells) Limited is a mature, small sized company, Pomanda has estimated its turnover at £971k with high growth in recent years.

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Palace Enterprises (wells) Limited Health Check

Pomanda's financial health check has awarded Palace Enterprises (Wells) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £971k, make it larger than the average company (£419.7k)

£971k - Palace Enterprises (wells) Limited

£419.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.3%)

21% - Palace Enterprises (wells) Limited

6.3% - Industry AVG

production

Production

with a gross margin of 65%, this company has a comparable cost of product (65%)

65% - Palace Enterprises (wells) Limited

65% - Industry AVG

profitability

Profitability

an operating margin of -5.9% make it less profitable than the average company (2.3%)

-5.9% - Palace Enterprises (wells) Limited

2.3% - Industry AVG

employees

Employees

with 21 employees, this is above the industry average (11)

21 - Palace Enterprises (wells) Limited

11 - Industry AVG

paystructure

Pay Structure

on an average salary of £21.4k, the company has an equivalent pay structure (£21.4k)

£21.4k - Palace Enterprises (wells) Limited

£21.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £46.2k, this is equally as efficient (£54.3k)

£46.2k - Palace Enterprises (wells) Limited

£54.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 8 days, this is later than average (6 days)

8 days - Palace Enterprises (wells) Limited

6 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 2 days, this is quicker than average (30 days)

2 days - Palace Enterprises (wells) Limited

30 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 31 days, this is in line with average (34 days)

31 days - Palace Enterprises (wells) Limited

34 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 26 weeks, this is less cash available to meet short term requirements (136 weeks)

26 weeks - Palace Enterprises (wells) Limited

136 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 98.6%, this is a higher level of debt than the average (9.1%)

98.6% - Palace Enterprises (wells) Limited

9.1% - Industry AVG

PALACE ENTERPRISES (WELLS) LIMITED financials

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Palace Enterprises (Wells) Limited's latest turnover from December 2023 is estimated at £971 thousand and the company has net assets of £3.2 thousand. According to their latest financial statements, Palace Enterprises (Wells) Limited has 21 employees and maintains cash reserves of £115.4 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover970,963965,208534,571554,3241,049,313639,844661,915596,510410,441548,32542,11732,07846,503256,200232,137
Other Income Or Grants
Cost Of Sales339,431319,632180,472209,290320,312182,918477,668421,452102,202144,23111,8447,4869,96879,47297,735
Gross Profit631,532645,576354,100345,034729,001456,925184,247175,058308,239404,09430,27324,59236,535176,728134,402
Admin Expenses688,299731,684244,081366,995691,796437,348177,347157,916295,020364,24344,92043,29252,662133,619128,297
Operating Profit-56,767-86,108110,019-21,96137,20519,5776,90017,14213,21939,851-14,647-18,700-16,12743,1096,105
Interest Payable1,5631,5253251,0293,088813
Interest Receivable5,5854,608468145667783
Pre-Tax Profit-51,182-81,500108,925-23,34137,87220,3606,90017,14213,21939,851-14,647-18,700-16,12743,1096,105
Tax-20,696-7,196-3,868-295-998
Profit After Tax-51,182-81,50088,229-23,34130,67616,4926,60517,14212,22139,851-14,647-18,700-16,12743,1096,105
Dividends Paid
Retained Profit-51,182-81,50088,229-23,34130,67616,4926,60517,14212,22139,851-14,647-18,700-16,12712,472
Employee Costs450,035486,608385,728291,945428,819406,582457,768400,409221,138169,15318,77817,68717,08685,704
Number Of Employees212419152322262213101115
EBITDA*-35,160-62,924131,755-5,44848,40928,70712,21821,76215,62443,913-11,600-15,812-15,06043,1096,105

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets59,89661,38563,27454,94737,06232,06218,11918,1584,5714,1688,23011,27711,003
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets59,89661,38563,27454,94737,06232,06218,11918,1584,5714,1688,23011,27711,003
Stock & work in progress29,0757,9637,0105,31511,64814,95712,6584,9054,4287,4416,77113,54213,5421,8543,959
Trade Debtors22,75914,1481,39335,5073,9447,90416,5895,51418,7251,68514,01745313,5913,934
Group Debtors2,285636
Misc Debtors1,0523,1271,192683,0542,8502,4142,1481,4208,13613,3476,3503,826
Cash115,38797,357165,938208,78981,37596,371112,492155,93361,83865,8613,9756,4151,93643,43824,090
misc current assets
total current assets168,273122,595175,533214,172131,584118,122135,468179,57573,200100,16325,77840,32419,75761,16832,619
total assets228,169183,980238,807269,119168,646150,184153,587197,73377,771104,33134,00851,60130,76061,16832,619
Bank overdraft
Bank loan
Trade Creditors 2,4367,0426,7744,6449,7796,65939,3076,2185,49823,9783,72615,58523,23410,3734,955
Group/Directors Accounts162,75770,72877,945127,92250,74451,86144,787114,85225,05834,7146,44936,98217,28735,51427,722
other short term finances5,0005,0005,0005,000
hp & lease commitments
other current liabilities59,74051,79218,17038,86437,09351,31045,63159,40537,09926,0775,78911,3438,84817,76314,896
total current liabilities224,933129,562102,889171,43097,616109,830129,725180,47572,65589,76920,96468,91049,36963,65047,573
loans50,0005,00026,66765,00020,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities50,0005,00026,66765,00020,000
total liabilities224,933129,562102,889221,43097,616109,830129,725180,47577,655116,43685,96488,91049,36963,65047,573
net assets3,23654,418135,91847,68971,03040,35423,86217,258116-12,105-51,956-37,309-18,609-2,482-14,954
total shareholders funds3,23654,418135,91847,68971,03040,35423,86217,258116-12,105-51,956-37,309-18,609-2,482-14,954
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Apr 2015Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-56,767-86,108110,019-21,96137,20519,5776,90017,14213,21939,851-14,647-18,700-16,12743,1096,105
Depreciation21,60723,18421,73616,51311,2049,1305,3184,6202,4054,0623,0472,8881,067
Amortisation
Tax-20,696-7,196-3,868-295-998
Stock21,1129531,695-6,333-3,3092,2997,7534774,4287,441-6,77111,688-2,1053,959
Debtors6,53614,6902,517-38,49331,767-3,524-8,41911,8036,93426,861-5,33516,088-11,59711,3064,570
Creditors-4,6062682,130-5,1353,120-32,64833,0897205,49823,978-11,859-7,64912,8615,4184,955
Accruals and Deferred Income7,94833,622-20,6941,771-14,2175,679-13,77422,30637,09926,077-5,5542,495-8,9152,86714,896
Deferred Taxes & Provisions
Cash flow from operations-59,466-44,67788,28336,0141,658-90531,90432,50845,86159,666-16,907-37,054-11,20542,19317,427
Investing Activities
capital expenditure-20,118-21,295-30,063-34,398-16,204-23,073-5,279-18,207-6,976-8,230-3,162-12,070
Change in Investments
cash flow from investments-20,118-21,295-30,063-34,398-16,204-23,073-5,279-18,207-6,976-8,230-3,162-12,070
Financing Activities
Bank loans
Group/Directors Accounts92,029-7,217-49,97777,178-1,1177,074-70,06589,79425,05834,714-30,53319,695-18,2277,79227,722
Other Short Term Loans -5,0005,0005,0005,000
Long term loans-50,00050,000-5,0005,00026,66745,00020,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue-1-12,105-51,956-14,954
interest5,5854,608-1,095-1,380667783-325-1,029-3,088-813
cash flow from financing97,614-2,609-101,072125,798-4507,857-70,06679,79422,62813,39611,37943,882-18,2277,79212,768
cash and cash equivalents
cash18,030-68,581-42,851127,414-14,996-16,121-43,44194,09561,83865,861-2,4404,479-41,50219,34824,090
overdraft
change in cash18,030-68,581-42,851127,414-14,996-16,121-43,44194,09561,83865,861-2,4404,479-41,50219,34824,090

palace enterprises (wells) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Palace Enterprises (wells) Limited Competitor Analysis

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Perform a competitor analysis for palace enterprises (wells) limited by selecting its closest rivals, whether from the ARTS, ENTERTAINMENT AND RECREATION sector, other small companies, companies in BA5 area or any other competitors across 12 key performance metrics.

palace enterprises (wells) limited Ownership

PALACE ENTERPRISES (WELLS) LIMITED group structure

Palace Enterprises (Wells) Limited has no subsidiary companies.

Ultimate parent company

1 parent

PALACE ENTERPRISES (WELLS) LIMITED

03013064

PALACE ENTERPRISES (WELLS) LIMITED Shareholders

palace trust 100%

palace enterprises (wells) limited directors

Palace Enterprises (Wells) Limited currently has 4 directors. The longest serving directors include Mr Paul Dickinson (Mar 2022) and Mr Kevin Newton (Jul 2023).

officercountryagestartendrole
Mr Paul Dickinson62 years Mar 2022- Director
Mr Kevin Newton59 years Jul 2023- Director
Mr Gregory Beedle57 years Jun 2024- Director
Mrs Natasha Hopkins50 years Nov 2024- Director

P&L

December 2023

turnover

971k

+1%

operating profit

-56.8k

0%

gross margin

65.1%

-2.76%

turnover

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

Balance Sheet

December 2023

net assets

3.2k

-0.94%

total assets

228.2k

+0.24%

cash

115.4k

+0.19%

net assets

Total assets minus all liabilities

palace enterprises (wells) limited company details

company number

03013064

Type

Private limited with Share Capital

industry

91030 - Operation of historical sites and buildings and similar visitor attractions

incorporation date

January 1995

age

30

incorporated

UK

ultimate parent company

accounts

Small Company

last accounts submitted

December 2023

previous names

N/A

accountant

ALBERT GOODMAN LLP

auditor

-

address

the brewhouse the bishops palace, wells, somerset, BA5 2PD

Bank

NATIONAL WESTMINSTER BANK PLC

Legal Advisor

-

palace enterprises (wells) 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 did not find charges/mortgages relating to palace enterprises (wells) limited.

palace enterprises (wells) 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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palace enterprises (wells) limited Companies House Filings - See Documents

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