palacemews properties limited
palacemews properties limited Company Information
Company Number
03518044
Next Accounts
18 days late
Shareholders
mr brian martin comer
mr luke andrew comer
Group Structure
View All
Industry
Development of building projects
Registered Address
building 1, north london business park, london, N11 1GN
Website
-palacemews properties limited Estimated Valuation
Pomanda estimates the enterprise value of PALACEMEWS PROPERTIES LIMITED at £517.6k based on a Turnover of £1.1m and 0.49x industry multiple (adjusted for size and gross margin).
palacemews properties limited Estimated Valuation
Pomanda estimates the enterprise value of PALACEMEWS PROPERTIES LIMITED at £1.4m based on an EBITDA of £356.4k and a 3.87x industry multiple (adjusted for size and gross margin).
palacemews properties limited Estimated Valuation
Pomanda estimates the enterprise value of PALACEMEWS PROPERTIES LIMITED at £4.8m based on Net Assets of £3.4m and 1.41x industry multiple (adjusted for liquidity).
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Palacemews Properties Limited Overview
Palacemews Properties Limited is a live company located in london, N11 1GN with a Companies House number of 03518044. It operates in the development of building projects sector, SIC Code 41100. Founded in February 1998, it's largest shareholder is mr brian martin comer with a 50% stake. Palacemews Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.
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Palacemews Properties Limited Health Check
Pomanda's financial health check has awarded Palacemews Properties Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2.2m)
- Palacemews Properties Limited
£2.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (3.1%)
- Palacemews Properties Limited
3.1% - Industry AVG
Production
with a gross margin of 26.3%, this company has a comparable cost of product (26.3%)
- Palacemews Properties Limited
26.3% - Industry AVG
Profitability
an operating margin of 33.7% make it more profitable than the average company (7.2%)
- Palacemews Properties Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Palacemews Properties Limited
6 - Industry AVG
Pay Structure
on an average salary of £46.9k, the company has an equivalent pay structure (£46.9k)
- Palacemews Properties Limited
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £528.7k, this is more efficient (£277.5k)
- Palacemews Properties Limited
£277.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Palacemews Properties Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Palacemews Properties Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 588 days, this is more than average (167 days)
- Palacemews Properties Limited
167 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (13 weeks)
4 weeks - Palacemews Properties Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.2%, this is a lower level of debt than the average (73.4%)
40.2% - Palacemews Properties Limited
73.4% - Industry AVG
PALACEMEWS PROPERTIES LIMITED financials
Palacemews Properties Limited's latest turnover from June 2023 is estimated at £1.1 million and the company has net assets of £3.4 million. According to their latest financial statements, Palacemews Properties Limited has 2 employees and maintains cash reserves of £62.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | 4,319,862 | 4,226,296 | 4,104,654 | 3,604,070 | 3,503,953 | 3,344,648 | 3,299,764 | 3,297,171 | 3,175,642 | 1,732,547 | 1,524,222 | 1,380,261 | ||
| Total Fixed Assets | 4,319,862 | 4,226,296 | 4,104,654 | 3,604,070 | 3,503,953 | 3,344,648 | 3,299,764 | 3,297,171 | 3,175,642 | 1,732,547 | 1,524,222 | 1,380,261 | ||
| Stock & work in progress | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,255,695 | 1,252,055 | 1,239,266 |
| Trade Debtors | 41,174 | 31,574 | 187,482 | 25,863 | 921,709 | 34,088 | ||||||||
| Group Debtors | 871,167 | |||||||||||||
| Misc Debtors | 14,900 | 5,779 | 2,201 | 18,818 | 18,664 | 36,927 | 49,415 | 44,632 | ||||||
| Cash | 62,487 | 24,632 | 52,840 | 38,208 | 38,365 | 38,525 | 10,450 | 747 | 2,200 | 4,954 | 1,046 | 4,198 | 3,390 | 8,998 |
| misc current assets | 168 | |||||||||||||
| total current assets | 1,333,082 | 1,286,106 | 1,310,736 | 1,312,721 | 1,312,724 | 1,331,315 | 1,315,560 | 1,301,074 | 1,299,069 | 1,292,223 | 1,444,223 | 1,285,756 | 2,177,154 | 2,153,519 |
| total assets | 5,652,944 | 5,512,402 | 5,415,390 | 4,916,791 | 4,816,677 | 4,675,963 | 4,615,324 | 4,598,245 | 4,474,711 | 3,024,770 | 2,968,445 | 2,666,017 | 2,177,154 | 2,153,519 |
| Bank overdraft | 1,234,956 | 20,774 | 20,774 | 20,774 | 20,774 | |||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 759,992 | 1,037,584 | 1,127,248 | 1,018,980 | 596,541 | 568,300 | ||||||||
| Group/Directors Accounts | ||||||||||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 674,150 | 670,555 | 650,477 | 654,715 | 662,847 | 569,713 | 690,030 | 755,129 | ||||||
| total current liabilities | 674,150 | 670,555 | 650,477 | 1,889,671 | 683,621 | 590,487 | 710,804 | 775,903 | 759,992 | 1,037,584 | 1,127,248 | 1,018,980 | 596,541 | 568,300 |
| loans | 1,599,532 | 1,599,532 | 1,599,532 | 1,229,881 | 1,250,654 | 1,271,428 | 1,292,202 | |||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | 1,312,991 | |||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 1,599,532 | 1,599,532 | 1,599,532 | 1,229,881 | 1,250,654 | 1,271,428 | 1,292,202 | 1,312,991 | ||||||
| total liabilities | 2,273,682 | 2,270,087 | 2,250,009 | 1,889,671 | 1,913,502 | 1,841,141 | 1,982,232 | 2,068,105 | 2,072,983 | 1,037,584 | 1,127,248 | 1,018,980 | 596,541 | 568,300 |
| net assets | 3,379,262 | 3,242,315 | 3,165,381 | 3,027,120 | 2,903,175 | 2,834,822 | 2,633,092 | 2,530,140 | 2,401,728 | 1,987,186 | 1,841,197 | 1,647,037 | 1,580,613 | 1,585,219 |
| total shareholders funds | 3,379,262 | 3,242,315 | 3,165,381 | 3,027,120 | 2,903,175 | 2,834,822 | 2,633,092 | 2,530,140 | 2,401,728 | 1,987,186 | 1,841,197 | 1,647,037 | 1,580,613 | 1,585,219 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | ||||||||||||||
| Stock | 3,640 | 12,789 | 1,239,266 | |||||||||||
| Debtors | 102,687 | 125,220 | 483,967 | 100,271 | 141,042 | 32,396 | 7,376 | 124,987 | 1,452,695 | 52,417 | 305,580 | 484,415 | 16,454 | 905,255 |
| Creditors | -759,992 | -277,592 | -89,664 | 108,268 | 422,439 | 28,241 | 568,300 | |||||||
| Accruals and Deferred Income | 3,595 | 20,078 | -4,238 | -8,132 | 93,134 | -120,317 | -65,099 | 755,129 | ||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | ||||||||||||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | 1,599,532 | -1,229,881 | -20,773 | -20,774 | -20,774 | 1,292,202 | ||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | -1,312,991 | 1,312,991 | ||||||||||||
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 37,855 | -28,208 | 14,632 | -157 | -160 | 28,075 | 9,703 | -1,453 | -2,754 | 3,908 | -3,152 | 808 | -5,608 | 8,998 |
| overdraft | -1,234,956 | 1,214,182 | 20,774 | |||||||||||
| change in cash | 37,855 | -28,208 | 1,249,588 | -1,214,339 | -160 | 28,075 | 9,703 | -22,227 | -2,754 | 3,908 | -3,152 | 808 | -5,608 | 8,998 |
palacemews properties limited Credit Report and Business Information
Palacemews Properties Limited Competitor Analysis
Perform a competitor analysis for palacemews properties limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in N11 area or any other competitors across 12 key performance metrics.
palacemews properties limited Ownership
PALACEMEWS PROPERTIES LIMITED group structure
Palacemews Properties Limited has no subsidiary companies.
Ultimate parent company
PALACEMEWS PROPERTIES LIMITED
03518044
palacemews properties limited directors
Palacemews Properties Limited currently has 2 directors. The longest serving directors include Mr Luke Comer (May 1998) and Mr Brian Comer (May 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luke Comer | Monaco | 67 years | May 1998 | - | Director |
| Mr Brian Comer | United Kingdom | 65 years | May 1998 | - | Director |
P&L
June 2023turnover
1.1m
+6%
operating profit
356.4k
0%
gross margin
26.4%
+6.49%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
3.4m
+0.04%
total assets
5.7m
+0.03%
cash
62.5k
+1.54%
net assets
Total assets minus all liabilities
palacemews properties limited company details
company number
03518044
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
February 1998
age
27
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
-
address
building 1, north london business park, london, N11 1GN
Bank
BARCLAYS BANK PLC
Legal Advisor
HAROLD BENJAMIN SOLICITORS
palacemews properties 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 5 charges/mortgages relating to palacemews properties limited. Currently there are 1 open charges and 4 have been satisfied in the past.
palacemews properties 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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palacemews properties limited Companies House Filings - See Documents
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