palace enterprises (wells) limited
palace enterprises (wells) limited Company Information
Company Number
03013064
Next Accounts
Sep 2025
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
Website
www.bishopspalace.co.ukpalace enterprises (wells) limited Estimated Valuation
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
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
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
3 Strong
4 Regular
5 Weak
Size
annual sales of £971k, make it larger than the average company (£419.7k)
- Palace Enterprises (wells) Limited
£419.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (6.3%)
- Palace Enterprises (wells) Limited
6.3% - Industry AVG
Production
with a gross margin of 65%, this company has a comparable cost of product (65%)
- Palace Enterprises (wells) Limited
65% - Industry AVG
Profitability
an operating margin of -5.9% make it less profitable than the average company (2.3%)
- Palace Enterprises (wells) Limited
2.3% - Industry AVG
Employees
with 21 employees, this is above the industry average (11)
21 - Palace Enterprises (wells) Limited
11 - Industry AVG
Pay Structure
on an average salary of £21.4k, the company has an equivalent pay structure (£21.4k)
- Palace Enterprises (wells) Limited
£21.4k - Industry AVG
Efficiency
resulting in sales per employee of £46.2k, this is equally as efficient (£54.3k)
- Palace Enterprises (wells) Limited
£54.3k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is later than average (6 days)
- Palace Enterprises (wells) Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (30 days)
- Palace Enterprises (wells) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is in line with average (34 days)
- Palace Enterprises (wells) Limited
34 days - Industry AVG
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
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
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 House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 661,915 | 596,510 | 410,441 | 548,325 | 42,117 | 32,078 | 46,503 | 256,200 | 232,137 | ||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 477,668 | 421,452 | 102,202 | 144,231 | 11,844 | 7,486 | 9,968 | 79,472 | 97,735 | ||||||
| Gross Profit | 184,247 | 175,058 | 308,239 | 404,094 | 30,273 | 24,592 | 36,535 | 176,728 | 134,402 | ||||||
| Admin Expenses | 177,347 | 157,916 | 295,020 | 364,243 | 44,920 | 43,292 | 52,662 | 133,619 | 128,297 | ||||||
| Operating Profit | 6,900 | 17,142 | 13,219 | 39,851 | -14,647 | -18,700 | -16,127 | 43,109 | 6,105 | ||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | 6,900 | 17,142 | 13,219 | 39,851 | -14,647 | -18,700 | -16,127 | 43,109 | 6,105 | ||||||
| Tax | -295 | -998 | |||||||||||||
| Profit After Tax | 6,605 | 17,142 | 12,221 | 39,851 | -14,647 | -18,700 | -16,127 | 43,109 | 6,105 | ||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | 6,605 | 17,142 | 12,221 | 39,851 | -14,647 | -18,700 | -16,127 | 12,472 | |||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 21 | 24 | 19 | 15 | 23 | 22 | 26 | 22 | 13 | ||||||
| EBITDA* | 12,218 | 21,762 | 15,624 | 43,913 | -11,600 | -15,812 | -15,060 | 43,109 | 6,105 |
* 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 | Apr 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 59,896 | 61,385 | 63,274 | 54,947 | 37,062 | 32,062 | 18,119 | 18,158 | 4,571 | 4,168 | 8,230 | 11,277 | 11,003 | ||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 59,896 | 61,385 | 63,274 | 54,947 | 37,062 | 32,062 | 18,119 | 18,158 | 4,571 | 4,168 | 8,230 | 11,277 | 11,003 | ||
| Stock & work in progress | 29,075 | 7,963 | 7,010 | 5,315 | 11,648 | 14,957 | 12,658 | 4,905 | 4,428 | 7,441 | 6,771 | 13,542 | 13,542 | 1,854 | 3,959 |
| Trade Debtors | 22,759 | 14,148 | 1,393 | 35,507 | 3,944 | 7,904 | 16,589 | 5,514 | 18,725 | 1,685 | 14,017 | 453 | 13,591 | 3,934 | |
| Group Debtors | 2,285 | 636 | |||||||||||||
| Misc Debtors | 1,052 | 3,127 | 1,192 | 68 | 3,054 | 2,850 | 2,414 | 2,148 | 1,420 | 8,136 | 13,347 | 6,350 | 3,826 | ||
| Cash | 115,387 | 97,357 | 165,938 | 208,789 | 81,375 | 96,371 | 112,492 | 155,933 | 61,838 | 65,861 | 3,975 | 6,415 | 1,936 | 43,438 | 24,090 |
| misc current assets | |||||||||||||||
| total current assets | 168,273 | 122,595 | 175,533 | 214,172 | 131,584 | 118,122 | 135,468 | 179,575 | 73,200 | 100,163 | 25,778 | 40,324 | 19,757 | 61,168 | 32,619 |
| total assets | 228,169 | 183,980 | 238,807 | 269,119 | 168,646 | 150,184 | 153,587 | 197,733 | 77,771 | 104,331 | 34,008 | 51,601 | 30,760 | 61,168 | 32,619 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,436 | 7,042 | 6,774 | 4,644 | 9,779 | 6,659 | 39,307 | 6,218 | 5,498 | 23,978 | 3,726 | 15,585 | 23,234 | 10,373 | 4,955 |
| Group/Directors Accounts | 162,757 | 70,728 | 77,945 | 127,922 | 50,744 | 51,861 | 44,787 | 114,852 | 25,058 | 34,714 | 6,449 | 36,982 | 17,287 | 35,514 | 27,722 |
| other short term finances | 5,000 | 5,000 | 5,000 | 5,000 | |||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 59,740 | 51,792 | 18,170 | 38,864 | 37,093 | 51,310 | 45,631 | 59,405 | 37,099 | 26,077 | 5,789 | 11,343 | 8,848 | 17,763 | 14,896 |
| total current liabilities | 224,933 | 129,562 | 102,889 | 171,430 | 97,616 | 109,830 | 129,725 | 180,475 | 72,655 | 89,769 | 20,964 | 68,910 | 49,369 | 63,650 | 47,573 |
| loans | 50,000 | 5,000 | 26,667 | 65,000 | 20,000 | ||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 50,000 | 5,000 | 26,667 | 65,000 | 20,000 | ||||||||||
| total liabilities | 224,933 | 129,562 | 102,889 | 221,430 | 97,616 | 109,830 | 129,725 | 180,475 | 77,655 | 116,436 | 85,964 | 88,910 | 49,369 | 63,650 | 47,573 |
| net assets | 3,236 | 54,418 | 135,918 | 47,689 | 71,030 | 40,354 | 23,862 | 17,258 | 116 | -12,105 | -51,956 | -37,309 | -18,609 | -2,482 | -14,954 |
| total shareholders funds | 3,236 | 54,418 | 135,918 | 47,689 | 71,030 | 40,354 | 23,862 | 17,258 | 116 | -12,105 | -51,956 | -37,309 | -18,609 | -2,482 | -14,954 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Apr 2015 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 6,900 | 17,142 | 13,219 | 39,851 | -14,647 | -18,700 | -16,127 | 43,109 | 6,105 | ||||||
| Depreciation | 21,607 | 23,184 | 21,736 | 16,513 | 11,204 | 9,130 | 5,318 | 4,620 | 2,405 | 4,062 | 3,047 | 2,888 | 1,067 | ||
| Amortisation | |||||||||||||||
| Tax | -295 | -998 | |||||||||||||
| Stock | 21,112 | 953 | 1,695 | -6,333 | -3,309 | 2,299 | 7,753 | 477 | 4,428 | 7,441 | -6,771 | 11,688 | -2,105 | 3,959 | |
| Debtors | 6,536 | 14,690 | 2,517 | -38,493 | 31,767 | -3,524 | -8,419 | 11,803 | 6,934 | 26,861 | -5,335 | 16,088 | -11,597 | 11,306 | 4,570 |
| Creditors | -4,606 | 268 | 2,130 | -5,135 | 3,120 | -32,648 | 33,089 | 720 | 5,498 | 23,978 | -11,859 | -7,649 | 12,861 | 5,418 | 4,955 |
| Accruals and Deferred Income | 7,948 | 33,622 | -20,694 | 1,771 | -14,217 | 5,679 | -13,774 | 22,306 | 37,099 | 26,077 | -5,554 | 2,495 | -8,915 | 2,867 | 14,896 |
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | 31,904 | 32,508 | 45,861 | 59,666 | -16,907 | -37,054 | -11,205 | 17,427 | |||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 92,029 | -7,217 | -49,977 | 77,178 | -1,117 | 7,074 | -70,065 | 89,794 | 25,058 | 34,714 | -30,533 | 19,695 | -18,227 | 7,792 | 27,722 |
| Other Short Term Loans | -5,000 | 5,000 | 5,000 | 5,000 | |||||||||||
| Long term loans | -50,000 | 50,000 | -5,000 | 5,000 | 26,667 | 45,000 | 20,000 | ||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | -70,066 | 79,794 | -18,227 | 7,792 | 12,768 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | 18,030 | -68,581 | -42,851 | 127,414 | -14,996 | -16,121 | -43,441 | 94,095 | 61,838 | 65,861 | -2,440 | 4,479 | -41,502 | 19,348 | 24,090 |
| overdraft | |||||||||||||||
| change in cash | 18,030 | -68,581 | -42,851 | 127,414 | -14,996 | -16,121 | -43,441 | 94,095 | 61,838 | 65,861 | -2,440 | 4,479 | -41,502 | 19,348 | 24,090 |
palace enterprises (wells) limited Credit Report and Business Information
Palace Enterprises (wells) Limited Competitor Analysis
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.
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).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Dickinson | 62 years | Mar 2022 | - | Director | |
| Mr Kevin Newton | 59 years | Jul 2023 | - | Director | |
| Mr Gregory Beedle | 57 years | Jun 2024 | - | Director | |
| Mrs Natasha Hopkins | 50 years | Nov 2024 | - | Director |
P&L
December 2023turnover
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 2023net 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.
Click to start generating capital raising & share issue transactions for PALACE ENTERPRISES (WELLS) LIMITED. This can take several minutes, an email will notify you when this has completed.
palace enterprises (wells) limited Companies House Filings - See Documents
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