discover parks ltd

4.5

discover parks ltd Company Information

Share DISCOVER PARKS LTD
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Company Number

03659824

Registered Address

arrow bank park eardisland, leominster, herefordshire, HR6 9BG

Industry

Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.

 

Telephone

01544388312

Next Accounts Due

September 2025

Group Structure

View All

Directors

Glenn Jones26 Years

Hannah Jones6 Years

Shareholders

g & h ventures ltd 100%

discover parks ltd Estimated Valuation

£1m

Pomanda estimates the enterprise value of DISCOVER PARKS LTD at £1m based on a Turnover of £1.8m and 0.58x industry multiple (adjusted for size and gross margin).

discover parks ltd Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of DISCOVER PARKS LTD at £2.7m based on an EBITDA of £987.3k and a 2.71x industry multiple (adjusted for size and gross margin).

discover parks ltd Estimated Valuation

£15.2m

Pomanda estimates the enterprise value of DISCOVER PARKS LTD at £15.2m based on Net Assets of £8m and 1.89x industry multiple (adjusted for liquidity).

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Discover Parks Ltd Overview

Discover Parks Ltd is a live company located in herefordshire, HR6 9BG with a Companies House number of 03659824. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in October 1998, it's largest shareholder is g & h ventures ltd with a 100% stake. Discover Parks Ltd is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.

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Discover Parks Ltd Health Check

Pomanda's financial health check has awarded Discover Parks Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

6 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £1.8m, make it larger than the average company (£523.3k)

£1.8m - Discover Parks Ltd

£523.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (12.3%)

15% - Discover Parks Ltd

12.3% - Industry AVG

production

Production

with a gross margin of 41.3%, this company has a higher cost of product (68.9%)

41.3% - Discover Parks Ltd

68.9% - Industry AVG

profitability

Profitability

an operating margin of 43.3% make it more profitable than the average company (13.7%)

43.3% - Discover Parks Ltd

13.7% - Industry AVG

employees

Employees

with 40 employees, this is above the industry average (14)

40 - Discover Parks Ltd

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £26.1k, the company has an equivalent pay structure (£26.1k)

£26.1k - Discover Parks Ltd

£26.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £45.4k, this is less efficient (£73.4k)

£45.4k - Discover Parks Ltd

£73.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 47 days, this is later than average (8 days)

47 days - Discover Parks Ltd

8 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 795 days, this is slower than average (60 days)

795 days - Discover Parks Ltd

60 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 714 days, this is more than average (68 days)

714 days - Discover Parks Ltd

68 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (48 weeks)

14 weeks - Discover Parks Ltd

48 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 22.8%, this is a lower level of debt than the average (53.7%)

22.8% - Discover Parks Ltd

53.7% - Industry AVG

DISCOVER PARKS LTD financials

EXPORTms excel logo

Discover Parks Ltd's latest turnover from December 2023 is estimated at £1.8 million and the company has net assets of £8 million. According to their latest financial statements, Discover Parks Ltd has 40 employees and maintains cash reserves of £637.6 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover1,816,5592,298,7692,019,6861,190,845684,0741,016,283839,6601,824,8142,428,5441,984,8731,765,9891,062,8311,419,1172,736,8610
Other Income Or Grants000000000000000
Cost Of Sales1,066,3171,460,0321,332,512791,946395,924621,206473,4651,051,9671,499,7621,054,8141,245,730769,6371,026,8611,893,9560
Gross Profit750,242838,737687,174398,899288,150395,077366,195772,847928,782930,059520,259293,194392,257842,9050
Admin Expenses-36,195-140,925-167,252-486,324-408,351-273,025-299,034125,797586,322494,175118,695-24,44878,336502,887-2,304,559
Operating Profit786,437979,662854,426885,223696,501668,102665,229647,050342,460435,884401,564317,642313,921340,0182,304,559
Interest Payable0048,609110,136144,231149,71572,08515,62516,25016,25097,500100,94519,69500
Interest Receivable22,02116,2691,9548406,1795,4481,5451121,4402,4852,1711,7572,4032,6711,102
Pre-Tax Profit808,459995,931807,770775,928558,449523,835594,689631,538327,650422,119306,235218,454296,628342,6892,305,661
Tax-202,115-189,227-153,476-147,426-106,105-99,529-112,991-126,307-65,530-88,645-70,434-52,429-77,123-95,953-645,585
Profit After Tax606,344806,704654,294628,502452,344424,306481,698505,230262,120333,474235,801166,025219,505246,7361,660,076
Dividends Paid000000000000000
Retained Profit606,344806,704654,294628,502452,344424,306481,698505,230262,120333,474235,801166,025219,505246,7361,660,076
Employee Costs1,043,8281,122,267540,825606,903571,696507,793446,558424,784338,861331,815373,032275,407290,558398,5710
Number Of Employees40503133323233282021261718260
EBITDA*987,3491,169,6311,068,3291,110,190898,814863,480808,263793,395487,734565,210539,193452,896400,512400,1382,355,518

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets7,443,7207,417,1797,460,1107,485,7867,466,5586,845,0936,473,5246,376,9045,740,5555,015,1165,041,4844,967,1153,079,2191,978,6791,957,564
Intangible Assets1,7251,7251,72516,72540,72564,72590,578118,487146,396174,305202,214230,123108,03230,94134,850
Investments & Other1,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,0001,000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets7,446,4457,419,9047,462,8357,503,5117,508,2836,910,8186,565,1026,496,3915,887,9515,190,4215,244,6985,198,2383,188,2512,010,6201,993,414
Stock & work in progress2,088,3301,443,792554,677515,216885,624997,4071,341,8631,095,920610,884404,302420,763614,618468,886178,105199,832
Trade Debtors237,550359,180445,515227,33141,204177,73675,006422,683341,434214,778231,389148,144192,213341,853159,506
Group Debtors000000000000000
Misc Debtors000126,868103,99994,239101,19300000000
Cash637,606243,244686,417876,533804,405843,213609,4678,56281,194494,811499,262369,279333,475627,626440,730
misc current assets000000000000000
total current assets2,963,4862,046,2161,686,6091,745,9481,835,2322,112,5952,127,5291,527,1651,033,5121,113,8911,151,4141,132,041994,5741,147,584800,068
total assets10,409,9319,466,1209,149,4449,249,4599,343,5159,023,4138,692,6318,023,5566,921,4636,304,3126,396,1126,330,2794,182,8253,158,2042,793,482
Bank overdraft000200,000200,000162,500150,0000000150,000121,20000
Bank loan000000000000000
Trade Creditors 2,324,7551,962,0352,429,689454,067373,739471,201563,7771,859,5491,614,2011,261,0901,070,182875,594785,569834,733728,225
Group/Directors Accounts00037,20237,20237,20237,20200000035,56736,956
other short term finances000000000000000
hp & lease commitments000000000000000
other current liabilities0001,141,7291,147,2651,071,3831,012,66300000000
total current liabilities2,324,7551,962,0352,429,6891,832,9981,758,2061,742,2861,763,6421,859,5491,614,2011,261,0901,070,1821,025,594906,769870,300765,181
loans0001,355,5001,855,5002,055,5002,068,0000500,0000500,0002,350,000484,80000
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities5,3085,3085,3085,308275,308275,308331,1572,121,6571,285,1571,785,1571,910,357284,357284,11000
provisions46,70971,96294,33689,836117,18665,34869,16763,38348,36846,44837,43027,98630,82931,09218,225
total long term liabilities52,01777,27099,6441,450,6442,247,9942,396,1562,468,3242,185,0401,833,5251,831,6052,447,7872,662,343799,73931,09218,225
total liabilities2,376,7722,039,3052,529,3333,283,6424,006,2004,138,4424,231,9664,044,5893,447,7263,092,6953,517,9693,687,9371,706,508901,392783,406
net assets8,033,1597,426,8156,620,1115,965,8175,337,3154,884,9714,460,6653,978,9673,473,7373,211,6172,878,1432,642,3422,476,3172,256,8122,010,076
total shareholders funds8,033,1597,426,8156,620,1115,965,8175,337,3154,884,9714,460,6653,978,9673,473,7373,211,6172,878,1432,642,3422,476,3172,256,8122,010,076
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit786,437979,662854,426885,223696,501668,102665,229647,050342,460435,884401,564317,642313,921340,0182,304,559
Depreciation200,912189,969198,903200,967178,313167,800115,125118,436117,365101,417109,720107,34573,68256,21147,050
Amortisation0015,00024,00024,00027,57827,90927,90927,90927,90927,90927,90912,9093,9093,909
Tax-202,115-189,227-153,476-147,426-106,105-99,529-112,991-126,307-65,530-88,645-70,434-52,429-77,123-95,953-645,585
Stock644,538889,11539,461-370,408-111,783-344,456245,943485,036206,582-16,461-193,855145,732290,781-21,727199,832
Debtors-121,630-86,33591,316208,996-126,77295,776-246,48481,249126,656-16,61183,245-44,069-149,640182,347159,506
Creditors362,720-467,6541,975,62280,328-97,462-92,576-1,295,772245,348353,111190,908194,58890,025-49,164106,508728,225
Accruals and Deferred Income00-1,141,729-5,53675,88258,7201,012,66300000000
Deferred Taxes & Provisions-25,253-22,3744,500-27,35051,838-3,8195,78415,0151,9209,0189,444-2,843-26312,86718,225
Cash flow from operations599,793-312,4041,622,4691,171,6181,061,522974,956418,488361,166443,997709,563783,401385,986132,821262,9402,097,045
Investing Activities
capital expenditure-227,453-147,038-173,227-220,195-799,778-541,094-211,745-754,785-842,804-75,049-184,089-2,145,241-1,264,222-77,326-2,043,373
Change in Investments000000000000001,000
cash flow from investments-227,453-147,038-173,227-220,195-799,778-541,094-211,745-754,785-842,804-75,049-184,089-2,145,241-1,264,222-77,326-2,044,373
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00-37,20200037,20200000-35,567-1,38936,956
Other Short Term Loans 000000000000000
Long term loans00-1,355,500-500,000-200,000-12,5002,068,000-500,000500,000-500,000-1,850,0001,865,200484,80000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000-270,0000-55,849-1,790,500836,500-500,000-125,2001,626,000247284,11000
share issue00000000000000350,000
interest22,02116,269-46,655-109,296-138,052-144,267-70,540-15,513-14,810-13,765-95,329-99,188-17,2922,6711,102
cash flow from financing22,02116,269-1,439,357-879,296-338,052-212,616244,162320,987-14,810-638,965-319,3291,766,259716,0511,282388,058
cash and cash equivalents
cash394,362-443,173-190,11672,128-38,808233,746600,905-72,632-413,617-4,451129,98335,804-294,151186,896440,730
overdraft00-200,000037,50012,500150,000000-150,00028,800121,20000
change in cash394,362-443,1739,88472,128-76,308221,246450,905-72,632-413,617-4,451279,9837,004-415,351186,896440,730

discover parks ltd 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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Discover Parks Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for discover parks ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in HR6 area or any other competitors across 12 key performance metrics.

discover parks ltd Ownership

DISCOVER PARKS LTD group structure

Discover Parks Ltd has 1 subsidiary company.

Ultimate parent company

1 parent

DISCOVER PARKS LTD

03659824

1 subsidiary

DISCOVER PARKS LTD Shareholders

g & h ventures ltd 100%

discover parks ltd directors

Discover Parks Ltd currently has 2 directors. The longest serving directors include Mr Glenn Jones (Oct 1998) and Mrs Hannah Jones (Jul 2018).

officercountryagestartendrole
Mr Glenn JonesUnited Kingdom59 years Oct 1998- Director
Mrs Hannah JonesEngland52 years Jul 2018- Director

P&L

December 2023

turnover

1.8m

-21%

operating profit

786.4k

0%

gross margin

41.4%

+13.19%

turnover

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

Balance Sheet

December 2023

net assets

8m

+0.08%

total assets

10.4m

+0.1%

cash

637.6k

+1.62%

net assets

Total assets minus all liabilities

discover parks ltd company details

company number

03659824

Type

Private limited with Share Capital

industry

55209 - Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.

incorporation date

October 1998

age

26

incorporated

UK

ultimate parent company

accounts

Unaudited Abridged

last accounts submitted

December 2023

previous names

bestparks (g&h) limited (January 2015)

pearl lake leisure park limited (January 2013)

accountant

THORNE WIDGERY ACCOUNTANCY LTD

auditor

-

address

arrow bank park eardisland, leominster, herefordshire, HR6 9BG

Bank

-

Legal Advisor

-

discover parks ltd 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 8 charges/mortgages relating to discover parks ltd. Currently there are 2 open charges and 6 have been satisfied in the past.

charges

discover parks ltd Companies House Filings - See Documents

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