Placenorth Limited

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placenorth limited Company Information

Company Number

03986728

Next Accounts

Jun 2025

Directors

Eric Clark

Joan Clark

Shareholders

mr eric clark

janet katherine griffin

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Group Structure

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Industry

Buying and selling of own real estate

Registered Address

kingfisher house, st johns road, meadowfield, durham, DH7 8TZ

Website

placenorth limited Estimated Valuation

£2.7m

Pomanda estimates the enterprise value of PLACENORTH LIMITED at £2.7m based on a Turnover of £856.1k and 3.21x industry multiple (adjusted for size and gross margin).

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Placenorth Limited is a live company located in meadowfield, DH7 8TZ with a Companies House number of 03986728. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2000, it's largest shareholder is mr eric clark with a 50% stake. Placenorth Limited is a mature, small sized company, Pomanda has estimated its turnover at £856.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Placenorth Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

4 Regular

3 Weak

Size

annual sales of £856.1k, make it in line with the average company (£857.9k)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (2.7%)

EXPORT

Placenorth Limited's latest turnover from September 2023 is estimated at £856.1 thousand and the company has net assets of £834.6 thousand. According to their latest financial statements, we estimate that Placenorth Limited has 5 employees and maintains cash reserves of £34.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	856,147	765,513	809,377	998,161	862,958	820,918	1,916,886	752,429	1,011,755	987,624	979,446	805,526	753,472	748,019
Other Income Or Grants
Cost Of Sales	250,959	235,920	251,594	304,755	268,482	244,627	554,868	221,457	340,596	384,165	361,298	292,870	258,239	261,160
Gross Profit	605,189	529,593	557,784	693,407	594,476	576,291	1,362,018	530,972	671,159	603,459	618,148	512,656	495,233	486,859
Admin Expenses	525,941	465,017	998,026	569,914	515,841	505,372	980,455	601,158	598,408	522,109	518,119	383,479	300,732	304,816	-419,828
Operating Profit	79,248	64,576	-440,242	123,493	78,635	70,919	381,563	-70,186	72,751	81,350	100,029	129,177	194,501	182,043	419,828
Interest Payable												38,682	78,503	80,763	40,942
Interest Receivable	1,511	386	23	35	223	201	72	184	590	351	100	97	87	63	34
Pre-Tax Profit	80,759	64,962	-440,219	123,528	78,858	71,120	381,635	-70,002	73,341	81,701	100,129	90,591	116,085	101,343	378,919
Tax	-20,190	-12,343		-23,470	-14,983	-13,513	-72,511		-14,668	-17,157	-23,030	-21,742	-30,182	-28,376	-106,097
Profit After Tax	60,569	52,619	-440,219	100,058	63,875	57,607	309,124	-70,002	58,673	64,544	77,099	68,849	85,903	72,967	272,822
Dividends Paid
Retained Profit	60,569	52,619	-440,219	100,058	63,875	57,607	309,124	-70,002	58,673	64,544	77,099	68,849	85,903	72,967	272,822
Employee Costs	171,864	171,513	161,236	196,862	172,454	166,130	400,232	160,539	187,584	155,093	180,064	146,054	143,923	146,986
Number Of Employees	5	5	5	6	5	5	13	5	6	5	6	5	5	5
EBITDA*	79,248	64,576	-440,242	123,493	78,635	70,919	381,563	-70,186	72,751	81,350	100,029	129,177	194,501	182,043	419,828

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets									2,755,000	2,755,000	2,755,000	2,755,000	2,755,000
Intangible Assets
Investments & Other	1,477,013	1,477,013	1,477,013	2,230,013	2,230,013	2,440,013	2,655,013	2,655,013						2,755,000	2,755,000
Debtors (Due After 1 year)
Total Fixed Assets	1,477,013	1,477,013	1,477,013	2,230,013	2,230,013	2,440,013	2,655,013	2,655,013	2,755,000	2,755,000	2,755,000	2,755,000	2,755,000	2,755,000	2,755,000
Stock & work in progress
Trade Debtors	12,675	98	1,904	10,541	2,950	6,125		5,875	23,093	9,969	23,278	7,250	7,250	7,250	7,250
Group Debtors
Misc Debtors
Cash	34,308	23,259	11,051	34,431	35,922	23,636	29,934	27,266	120,006	116,077	24,342	15,594	23,030	11,729	13,420
misc current assets
total current assets	46,983	23,357	12,955	44,972	38,872	29,761	29,934	33,141	143,099	126,046	47,620	22,844	30,280	18,979	20,670
total assets	1,523,996	1,500,370	1,489,968	2,274,985	2,268,885	2,469,774	2,684,947	2,688,154	2,898,099	2,881,046	2,802,620	2,777,844	2,785,280	2,773,979	2,775,670
Bank overdraft
Bank loan
Trade Creditors	676,347	714,915	757,132	766,991	770,273	756,289	741,912	753,235	773,785	752,905	703,036	701,789	725,011	747,090	769,746
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	676,347	714,915	757,132	766,991	770,273	756,289	741,912	753,235	773,785	752,905	703,036	701,789	725,011	747,090	769,746
loans													1,190,225	1,225,252	1,259,758
hp & lease commitments
Accruals and Deferred Income
other liabilities				290,659	381,335	661,841	946,268	1,005,607	1,125,000	1,187,500	1,223,487	1,277,057	139,895	157,391	174,887
provisions	13,061	11,436	11,436	55,716	55,716	53,958	56,688
total long term liabilities	13,061	11,436	11,436	346,375	437,051	715,799	1,002,956	1,005,607	1,125,000	1,187,500	1,223,487	1,277,057	1,330,120	1,382,643	1,434,645
total liabilities	689,408	726,351	768,568	1,113,366	1,207,324	1,472,088	1,744,868	1,758,842	1,898,785	1,940,405	1,926,523	1,978,846	2,055,131	2,129,733	2,204,391
net assets	834,588	774,019	721,400	1,161,619	1,061,561	997,686	940,079	929,312	999,314	940,641	876,097	798,998	730,149	644,246	571,279
total shareholders funds	834,588	774,019	721,400	1,161,619	1,061,561	997,686	940,079	929,312	999,314	940,641	876,097	798,998	730,149	644,246	571,279

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	79,248	64,576	-440,242	123,493	78,635	70,919	381,563	-70,186	72,751	81,350	100,029	129,177	194,501	182,043	419,828
Depreciation
Amortisation
Tax	-20,190	-12,343		-23,470	-14,983	-13,513	-72,511		-14,668	-17,157	-23,030	-21,742	-30,182	-28,376	-106,097
Stock
Debtors	12,577	-1,806	-8,637	7,591	-3,175	6,125	-5,875	-17,218	13,124	-13,309	16,028				7,250
Creditors	-38,568	-42,217	-9,859	-3,282	13,984	14,377	-11,323	-20,550	20,880	49,869	1,247	-23,222	-22,079	-22,656	769,746
Accruals and Deferred Income
Deferred Taxes & Provisions	1,625		-44,280		1,758	-2,730	56,688
Cash flow from operations	9,538	11,822	-485,744	89,150	82,569	62,928	360,292	-73,518	65,839	127,371	62,218	84,213	142,240	131,011	1,076,227
Investing Activities
capital expenditure								2,755,000					-2,755,000
Change in Investments			-753,000		-210,000	-215,000		2,655,013					-2,755,000		2,755,000
cash flow from investments			753,000		210,000	215,000		99,987							-2,755,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans												-1,190,225	-35,027	-34,506	1,259,758
Hire Purchase and Lease Commitments
other long term liabilities			-290,659	-90,676	-280,506	-284,427	-59,339	-119,393	-62,500	-35,987	-53,570	1,137,162	-17,496	-17,496	174,887
share issue							-298,357								298,457
interest	1,511	386	23	35	223	201	72	184	590	351	100	-38,585	-78,416	-80,700	-40,908
cash flow from financing	1,511	386	-290,636	-90,641	-280,283	-284,226	-357,624	-119,209	-61,910	-35,636	-53,470	-91,648	-130,939	-132,702	1,692,194
cash and cash equivalents
cash	11,049	12,208	-23,380	-1,491	12,286	-6,298	2,668	-92,740	3,929	91,735	8,748	-7,436	11,301	-1,691	13,420
overdraft
change in cash	11,049	12,208	-23,380	-1,491	12,286	-6,298	2,668	-92,740	3,929	91,735	8,748	-7,436	11,301	-1,691	13,420

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PLACENORTH LIMITED group structure

Placenorth Limited has no subsidiary companies.

Ultimate parent company

PLACENORTH LIMITED

03986728

PLACENORTH LIMITED Shareholders

mr eric clark	50%
janet katherine griffin	18%
angus iain griffin	18%
anne griffin	14%

Placenorth Limited currently has 2 directors. The longest serving directors include Mr Eric Clark (May 2000) and Mrs Joan Clark (May 2005).

officer	country	age	start	end	role
Mr Eric Clark		78 years	May 2000	-	Director
Mrs Joan Clark		75 years	May 2005	-	Director

P&L

September 2023

turnover

856.1k

+12%

operating profit

79.2k

gross margin

70.7%

+2.18%

turnover

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

Balance Sheet

September 2023

net assets

834.6k

+0.08%

total assets

1.5m

+0.02%

cash

34.3k

+0.48%

net assets

Total assets minus all liabilities

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company number

03986728

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

May 2000

ultimate parent company

None

previous names

N/A

address

kingfisher house, st johns road, meadowfield, durham, DH7 8TZ

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 13 charges/mortgages relating to placenorth limited. Currently there are 0 open charges and 13 have been satisfied in the past.

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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placenorth limited Company Information

placenorth limited Estimated Valuation

placenorth limited Estimated Valuation

placenorth limited Estimated Valuation

Placenorth Limited Overview

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PLACENORTH LIMITED financials

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placenorth limited Ownership

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