Discover Parks Ltd

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discover parks ltd Company Information

Live

MatureSmallHigh

Company Number

03659824

Website

http://discoverparks.co.uk

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

£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 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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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 Rating4.5out of 5

6 Strong

1 Regular

5 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,816,559	2,298,769	2,019,686	1,190,845	684,074	1,016,283	839,660	1,824,814	2,428,544	1,984,873	1,765,989	1,062,831	1,419,117	2,736,861	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,066,317	1,460,032	1,332,512	791,946	395,924	621,206	473,465	1,051,967	1,499,762	1,054,814	1,245,730	769,637	1,026,861	1,893,956	0
Gross Profit	750,242	838,737	687,174	398,899	288,150	395,077	366,195	772,847	928,782	930,059	520,259	293,194	392,257	842,905	0
Admin Expenses	-36,195	-140,925	-167,252	-486,324	-408,351	-273,025	-299,034	125,797	586,322	494,175	118,695	-24,448	78,336	502,887	-2,304,559
Operating Profit	786,437	979,662	854,426	885,223	696,501	668,102	665,229	647,050	342,460	435,884	401,564	317,642	313,921	340,018	2,304,559
Interest Payable	0	0	48,609	110,136	144,231	149,715	72,085	15,625	16,250	16,250	97,500	100,945	19,695	0	0
Interest Receivable	22,021	16,269	1,954	840	6,179	5,448	1,545	112	1,440	2,485	2,171	1,757	2,403	2,671	1,102
Pre-Tax Profit	808,459	995,931	807,770	775,928	558,449	523,835	594,689	631,538	327,650	422,119	306,235	218,454	296,628	342,689	2,305,661
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 Tax	606,344	806,704	654,294	628,502	452,344	424,306	481,698	505,230	262,120	333,474	235,801	166,025	219,505	246,736	1,660,076
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	606,344	806,704	654,294	628,502	452,344	424,306	481,698	505,230	262,120	333,474	235,801	166,025	219,505	246,736	1,660,076
Employee Costs	1,043,828	1,122,267	540,825	606,903	571,696	507,793	446,558	424,784	338,861	331,815	373,032	275,407	290,558	398,571	0
Number Of Employees	40	50	31	33	32	32	33	28	20	21	26	17	18	26	0
EBITDA*	987,349	1,169,631	1,068,329	1,110,190	898,814	863,480	808,263	793,395	487,734	565,210	539,193	452,896	400,512	400,138	2,355,518

* 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	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,443,720	7,417,179	7,460,110	7,485,786	7,466,558	6,845,093	6,473,524	6,376,904	5,740,555	5,015,116	5,041,484	4,967,115	3,079,219	1,978,679	1,957,564
Intangible Assets	1,725	1,725	1,725	16,725	40,725	64,725	90,578	118,487	146,396	174,305	202,214	230,123	108,032	30,941	34,850
Investments & Other	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,446,445	7,419,904	7,462,835	7,503,511	7,508,283	6,910,818	6,565,102	6,496,391	5,887,951	5,190,421	5,244,698	5,198,238	3,188,251	2,010,620	1,993,414
Stock & work in progress	2,088,330	1,443,792	554,677	515,216	885,624	997,407	1,341,863	1,095,920	610,884	404,302	420,763	614,618	468,886	178,105	199,832
Trade Debtors	237,550	359,180	445,515	227,331	41,204	177,736	75,006	422,683	341,434	214,778	231,389	148,144	192,213	341,853	159,506
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	126,868	103,999	94,239	101,193	0	0	0	0	0	0	0	0
Cash	637,606	243,244	686,417	876,533	804,405	843,213	609,467	8,562	81,194	494,811	499,262	369,279	333,475	627,626	440,730
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,963,486	2,046,216	1,686,609	1,745,948	1,835,232	2,112,595	2,127,529	1,527,165	1,033,512	1,113,891	1,151,414	1,132,041	994,574	1,147,584	800,068
total assets	10,409,931	9,466,120	9,149,444	9,249,459	9,343,515	9,023,413	8,692,631	8,023,556	6,921,463	6,304,312	6,396,112	6,330,279	4,182,825	3,158,204	2,793,482
Bank overdraft	0	0	0	200,000	200,000	162,500	150,000	0	0	0	0	150,000	121,200	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,324,755	1,962,035	2,429,689	454,067	373,739	471,201	563,777	1,859,549	1,614,201	1,261,090	1,070,182	875,594	785,569	834,733	728,225
Group/Directors Accounts	0	0	0	37,202	37,202	37,202	37,202	0	0	0	0	0	0	35,567	36,956
other short term finances	0	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	0
other current liabilities	0	0	0	1,141,729	1,147,265	1,071,383	1,012,663	0	0	0	0	0	0	0	0
total current liabilities	2,324,755	1,962,035	2,429,689	1,832,998	1,758,206	1,742,286	1,763,642	1,859,549	1,614,201	1,261,090	1,070,182	1,025,594	906,769	870,300	765,181
loans	0	0	0	1,355,500	1,855,500	2,055,500	2,068,000	0	500,000	0	500,000	2,350,000	484,800	0	0
hp & lease commitments	0	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	0
other liabilities	5,308	5,308	5,308	5,308	275,308	275,308	331,157	2,121,657	1,285,157	1,785,157	1,910,357	284,357	284,110	0	0
provisions	46,709	71,962	94,336	89,836	117,186	65,348	69,167	63,383	48,368	46,448	37,430	27,986	30,829	31,092	18,225
total long term liabilities	52,017	77,270	99,644	1,450,644	2,247,994	2,396,156	2,468,324	2,185,040	1,833,525	1,831,605	2,447,787	2,662,343	799,739	31,092	18,225
total liabilities	2,376,772	2,039,305	2,529,333	3,283,642	4,006,200	4,138,442	4,231,966	4,044,589	3,447,726	3,092,695	3,517,969	3,687,937	1,706,508	901,392	783,406
net assets	8,033,159	7,426,815	6,620,111	5,965,817	5,337,315	4,884,971	4,460,665	3,978,967	3,473,737	3,211,617	2,878,143	2,642,342	2,476,317	2,256,812	2,010,076
total shareholders funds	8,033,159	7,426,815	6,620,111	5,965,817	5,337,315	4,884,971	4,460,665	3,978,967	3,473,737	3,211,617	2,878,143	2,642,342	2,476,317	2,256,812	2,010,076

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	786,437	979,662	854,426	885,223	696,501	668,102	665,229	647,050	342,460	435,884	401,564	317,642	313,921	340,018	2,304,559
Depreciation	200,912	189,969	198,903	200,967	178,313	167,800	115,125	118,436	117,365	101,417	109,720	107,345	73,682	56,211	47,050
Amortisation	0	0	15,000	24,000	24,000	27,578	27,909	27,909	27,909	27,909	27,909	27,909	12,909	3,909	3,909
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
Stock	644,538	889,115	39,461	-370,408	-111,783	-344,456	245,943	485,036	206,582	-16,461	-193,855	145,732	290,781	-21,727	199,832
Debtors	-121,630	-86,335	91,316	208,996	-126,772	95,776	-246,484	81,249	126,656	-16,611	83,245	-44,069	-149,640	182,347	159,506
Creditors	362,720	-467,654	1,975,622	80,328	-97,462	-92,576	-1,295,772	245,348	353,111	190,908	194,588	90,025	-49,164	106,508	728,225
Accruals and Deferred Income	0	0	-1,141,729	-5,536	75,882	58,720	1,012,663	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-25,253	-22,374	4,500	-27,350	51,838	-3,819	5,784	15,015	1,920	9,018	9,444	-2,843	-263	12,867	18,225
Cash flow from operations	599,793	-312,404	1,622,469	1,171,618	1,061,522	974,956	418,488	361,166	443,997	709,563	783,401	385,986	132,821	262,940	2,097,045
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 Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
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 loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	-37,202	0	0	0	37,202	0	0	0	0	0	-35,567	-1,389	36,956
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	-1,355,500	-500,000	-200,000	-12,500	2,068,000	-500,000	500,000	-500,000	-1,850,000	1,865,200	484,800	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-270,000	0	-55,849	-1,790,500	836,500	-500,000	-125,200	1,626,000	247	284,110	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	350,000
interest	22,021	16,269	-46,655	-109,296	-138,052	-144,267	-70,540	-15,513	-14,810	-13,765	-95,329	-99,188	-17,292	2,671	1,102
cash flow from financing	22,021	16,269	-1,439,357	-879,296	-338,052	-212,616	244,162	320,987	-14,810	-638,965	-319,329	1,766,259	716,051	1,282	388,058
cash and cash equivalents
cash	394,362	-443,173	-190,116	72,128	-38,808	233,746	600,905	-72,632	-413,617	-4,451	129,983	35,804	-294,151	186,896	440,730
overdraft	0	0	-200,000	0	37,500	12,500	150,000	0	0	0	-150,000	28,800	121,200	0	0
change in cash	394,362	-443,173	9,884	72,128	-76,308	221,246	450,905	-72,632	-413,617	-4,451	279,983	7,004	-415,351	186,896	440,730

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DISCOVER PARKS LTD group structure

Discover Parks Ltd has 1 subsidiary company.

Ultimate parent company

G & H VENTURES LTD

04853592

1 parent

DISCOVER PARKS LTD

03659824

1 subsidiary

PEARL LAKE LEISURE PARK LIMITED

02294112

DISCOVER PARKS LTD Shareholders

g & h ventures ltd

100%

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

officer	country	age	start	end	role
Mr Glenn Jones	United Kingdom	59 years	Oct 1998	-	Director
Mrs Hannah Jones	England	52 years	Jul 2018	-	Director

P&L

December 2023

turnover

1.8m

-21%

operating profit

786.4k

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

+0.08%

total assets

10.4m

+0.1%

cash

637.6k

+1.62%

net assets

Total assets minus all liabilities

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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

ultimate parent company

G & H VENTURES LTD

previous names

bestparks (g&h) limited (January 2015)

pearl lake leisure park limited (January 2013)

address

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

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.

discover parks ltd Company Information

discover parks ltd Estimated Valuation

discover parks ltd Estimated Valuation

discover parks ltd Estimated Valuation

Discover Parks Ltd Overview

Discover Parks Ltd Health Check

DISCOVER PARKS LTD financials

discover parks ltd Credit Report and Business Information

Discover Parks Ltd Competitor Analysis

discover parks ltd Ownership

discover parks ltd directors

discover parks ltd company details

discover parks ltd Charges & Mortgages

discover parks ltd Companies House Filings - See Documents