palm automotive limited
palm automotive limited Company Information
Company Number
04420411
Next Accounts
Sep 2025
Shareholders
enable trading ltd
Group Structure
View All
Industry
Retail trade of motor vehicle parts and accessories
Registered Address
unit 1, bilsthorpe business park, eakrin, newark, NG22 8ST
Website
http://vanstyle.co.ukpalm automotive limited Estimated Valuation
Pomanda estimates the enterprise value of PALM AUTOMOTIVE LIMITED at £910.2k based on a Turnover of £3.3m and 0.28x industry multiple (adjusted for size and gross margin).
palm automotive limited Estimated Valuation
Pomanda estimates the enterprise value of PALM AUTOMOTIVE LIMITED at £535.8k based on an EBITDA of £159.3k and a 3.36x industry multiple (adjusted for size and gross margin).
palm automotive limited Estimated Valuation
Pomanda estimates the enterprise value of PALM AUTOMOTIVE LIMITED at £5.2m based on Net Assets of £2.1m and 2.47x industry multiple (adjusted for liquidity).
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Palm Automotive Limited Overview
Palm Automotive Limited is a live company located in newark, NG22 8ST with a Companies House number of 04420411. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in April 2002, it's largest shareholder is enable trading ltd with a 100% stake. Palm Automotive Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with high growth in recent years.
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Palm Automotive Limited Health Check
Pomanda's financial health check has awarded Palm Automotive Limited a 3.5 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 £3.3m, make it smaller than the average company (£7.2m)
- Palm Automotive Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (7.8%)
- Palm Automotive Limited
7.8% - Industry AVG
Production
with a gross margin of 26.8%, this company has a comparable cost of product (26.8%)
- Palm Automotive Limited
26.8% - Industry AVG
Profitability
an operating margin of 1.4% make it less profitable than the average company (4.3%)
- Palm Automotive Limited
4.3% - Industry AVG
Employees
with 24 employees, this is below the industry average (51)
24 - Palm Automotive Limited
51 - Industry AVG
Pay Structure
on an average salary of £30.9k, the company has an equivalent pay structure (£30.9k)
- Palm Automotive Limited
£30.9k - Industry AVG
Efficiency
resulting in sales per employee of £136.2k, this is less efficient (£187.1k)
- Palm Automotive Limited
£187.1k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (37 days)
- Palm Automotive Limited
37 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (48 days)
- Palm Automotive Limited
48 days - Industry AVG
Stock Days
it holds stock equivalent to 257 days, this is more than average (63 days)
- Palm Automotive Limited
63 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is average cash available to meet short term requirements (8 weeks)
6 weeks - Palm Automotive Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 31.5%, this is a lower level of debt than the average (65.8%)
31.5% - Palm Automotive Limited
65.8% - Industry AVG
PALM AUTOMOTIVE LIMITED financials
Palm Automotive Limited's latest turnover from December 2023 is estimated at £3.3 million and the company has net assets of £2.1 million. According to their latest financial statements, Palm Automotive Limited has 24 employees and maintains cash reserves of £117.8 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 | Mar 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 | 24 | 26 | 23 | 21 | 19 | 16 | 13 | 13 | 16 | ||||||
| EBITDA* |
* 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 532,759 | 512,855 | 528,514 | 177,944 | 147,725 | 127,278 | 149,195 | 121,161 | 73,495 | 54,930 | 65,138 | 53,617 | 70,611 | 89,013 | 111,084 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 532,759 | 512,855 | 528,514 | 177,944 | 147,725 | 127,278 | 149,195 | 121,161 | 73,495 | 54,930 | 65,138 | 53,617 | 70,611 | 89,013 | 111,084 |
| Stock & work in progress | 1,687,812 | 1,754,820 | 1,786,940 | 1,141,856 | 1,039,098 | 879,549 | 637,914 | 507,675 | 484,528 | 453,044 | 360,825 | 330,310 | 255,943 | 290,991 | 220,421 |
| Trade Debtors | 11,698 | 8,030 | 10,012 | 4,897 | 9,577 | 13,796 | 17,928 | 12,925 | 11,984 | 26,981 | 18,723 | 21,473 | 26,056 | 39,862 | 5,507 |
| Group Debtors | 717,216 | 3,857 | 2,290 | 222,046 | 104,230 | 16,182 | 23,590 | ||||||||
| Misc Debtors | 38,825 | 53,747 | 30,813 | 33,967 | 33,420 | 13,467 | 26,303 | 13,654 | 13,171 | ||||||
| Cash | 117,818 | 487,062 | 524,134 | 675,295 | 201,135 | 101,778 | 85,813 | 30,765 | 5,925 | 3,004 | 3,974 | 10,056 | 30,204 | 84,009 | 123,667 |
| misc current assets | |||||||||||||||
| total current assets | 2,573,369 | 2,307,516 | 2,354,189 | 2,078,061 | 1,387,460 | 1,024,772 | 767,958 | 588,609 | 515,608 | 483,029 | 383,522 | 361,839 | 312,203 | 414,862 | 349,595 |
| total assets | 3,106,128 | 2,820,371 | 2,882,703 | 2,256,005 | 1,535,185 | 1,152,050 | 917,153 | 709,770 | 589,103 | 537,959 | 448,660 | 415,456 | 382,814 | 503,875 | 460,679 |
| Bank overdraft | 4,555 | 104,830 | 120,039 | 76,426 | 34,287 | ||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 288,127 | 302,199 | 582,685 | 424,912 | 336,956 | 327,909 | 270,232 | 131,814 | 170,320 | 164,139 | 126,890 | 155,606 | 197,673 | 336,030 | 265,199 |
| Group/Directors Accounts | 371,054 | 47,836 | 33,961 | 4,874 | 5,417 | 14,477 | 9,516 | 5,286 | |||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 219,471 | 318,808 | 329,198 | 439,152 | 202,450 | 234,295 | 147,139 | 167,002 | 56,784 | ||||||
| total current liabilities | 883,207 | 668,843 | 911,883 | 898,025 | 544,280 | 567,621 | 431,848 | 308,332 | 337,220 | 284,178 | 203,316 | 189,893 | 197,673 | 336,030 | 265,199 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 2,342 | 4,566 | 11,954 | 16,028 | 7,635 | 12,136 | 1,790 | ||||||||
| provisions | 94,252 | 68,286 | 85,396 | 24,878 | 24,072 | 18,047 | 21,278 | 28,478 | 10,028 | 8,066 | 9,854 | 10,723 | 15,907 | 18,261 | 21,372 |
| total long term liabilities | 94,252 | 68,286 | 85,396 | 24,878 | 24,072 | 20,389 | 25,844 | 40,432 | 26,056 | 15,701 | 21,990 | 10,723 | 15,907 | 20,051 | 21,372 |
| total liabilities | 977,459 | 737,129 | 997,279 | 922,903 | 568,352 | 588,010 | 457,692 | 348,764 | 363,276 | 299,879 | 225,306 | 200,616 | 213,580 | 356,081 | 286,571 |
| net assets | 2,128,669 | 2,083,242 | 1,885,424 | 1,333,102 | 966,833 | 564,040 | 459,461 | 361,006 | 225,827 | 238,080 | 223,354 | 214,840 | 169,234 | 147,794 | 174,108 |
| total shareholders funds | 2,128,669 | 2,083,242 | 1,885,424 | 1,333,102 | 966,833 | 564,040 | 459,461 | 361,006 | 225,827 | 238,080 | 223,354 | 214,840 | 169,234 | 147,794 | 174,108 |
| 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 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 114,319 | 96,194 | 67,507 | 48,650 | 43,239 | 39,926 | 40,143 | 27,074 | 31,396 | 27,670 | 23,313 | 22,221 | 25,815 | 17,173 | 24,802 |
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -67,008 | -32,120 | 645,084 | 102,758 | 159,549 | 241,635 | 130,239 | 23,147 | 31,484 | 92,219 | 30,515 | 74,367 | -35,048 | 290,991 | 220,421 |
| Debtors | 702,105 | 22,519 | -217,795 | 113,683 | 103,782 | -786 | -5,938 | 25,014 | -1,826 | 8,258 | -2,750 | -4,583 | -13,806 | 39,862 | 5,507 |
| Creditors | -14,072 | -280,486 | 157,773 | 87,956 | 9,047 | 57,677 | 138,418 | -38,506 | 6,181 | 37,249 | -28,716 | -42,067 | -138,357 | 336,030 | 265,199 |
| Accruals and Deferred Income | -99,337 | -10,390 | -109,954 | 236,702 | -31,845 | 87,156 | -19,863 | 110,218 | 56,784 | ||||||
| Deferred Taxes & Provisions | 25,966 | -17,110 | 60,518 | 806 | 6,025 | -3,231 | -7,200 | 18,450 | 1,962 | -1,788 | -869 | -5,184 | -2,354 | 18,261 | 21,372 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 323,218 | 47,836 | -33,961 | 29,087 | -543 | -9,060 | 4,961 | 4,230 | 5,286 | ||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -2,342 | -2,224 | -7,388 | -4,074 | 8,393 | -4,501 | 12,136 | -1,790 | 1,790 | ||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -369,244 | -37,072 | -151,161 | 474,160 | 99,357 | 15,965 | 55,048 | 24,840 | 2,921 | -970 | -6,082 | -20,148 | -53,805 | 84,009 | 123,667 |
| overdraft | 4,555 | -104,830 | -15,209 | 43,613 | 42,139 | 34,287 | |||||||||
| change in cash | -373,799 | -37,072 | -151,161 | 474,160 | 99,357 | 15,965 | 55,048 | 129,670 | 18,130 | -44,583 | -48,221 | -54,435 | -53,805 | 84,009 | 123,667 |
palm automotive limited Credit Report and Business Information
Palm Automotive Limited Competitor Analysis
Perform a competitor analysis for palm automotive limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in NG22 area or any other competitors across 12 key performance metrics.
palm automotive limited Ownership
PALM AUTOMOTIVE LIMITED group structure
Palm Automotive Limited has no subsidiary companies.
palm automotive limited directors
Palm Automotive Limited currently has 6 directors. The longest serving directors include Mr Theodorus Fonternel (Apr 2010) and Mr Michael Ross (Apr 2010).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Theodorus Fonternel | United Kingdom | 75 years | Apr 2010 | - | Director |
| Mr Michael Ross | England | 68 years | Apr 2010 | - | Director |
| Mr Christopher Davidson | 63 years | Apr 2010 | - | Director | |
| Mr Stephen Louis | 58 years | Apr 2010 | - | Director | |
| Mr Jonathan Scherer | 63 years | Apr 2010 | - | Director | |
| Mr Stephen Giles | England | 42 years | Jul 2015 | - | Director |
P&L
December 2023turnover
3.3m
+3%
operating profit
44.9k
0%
gross margin
26.8%
+0.28%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
2.1m
+0.02%
total assets
3.1m
+0.1%
cash
117.8k
-0.76%
net assets
Total assets minus all liabilities
palm automotive limited company details
company number
04420411
Type
Private limited with Share Capital
industry
45320 - Retail trade of motor vehicle parts and accessories
incorporation date
April 2002
age
23
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
UHY HACKER YOUNG (S.E.) LIMITED
auditor
-
address
unit 1, bilsthorpe business park, eakrin, newark, NG22 8ST
Bank
YORKSHIRE BANK PLC
Legal Advisor
-
palm automotive 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 2 charges/mortgages relating to palm automotive limited. Currently there are 1 open charges and 1 have been satisfied in the past.
palm automotive 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 PALM AUTOMOTIVE LIMITED. This can take several minutes, an email will notify you when this has completed.
palm automotive limited Companies House Filings - See Documents
| date | description | view/download |
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