Palmtree Enterprises Ltd

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palmtree enterprises ltd Company Information

Live

MatureMicroDeclining

Company Number

04428837

Website

Registered Address

115 craven park road, london, N15 6BL

Industry

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

Telephone

Next Accounts Due

254 days late

Group Structure

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Directors

Jacob Posen22 Years

Yehuda Filip2 Years

Shareholders

mr jacob posen 50%

mr yosef elimeleh filip 50%

palmtree enterprises ltd Estimated Valuation

£10.1m

Pomanda estimates the enterprise value of PALMTREE ENTERPRISES LTD at £10.1m based on an EBITDA of £1.5m and a 6.72x industry multiple (adjusted for size and gross margin).

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Palmtree Enterprises Ltd is a live company located in london, N15 6BL with a Companies House number of 04428837. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in May 2002, it's largest shareholder is mr jacob posen with a 50% stake. Palmtree Enterprises Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £38.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Palmtree Enterprises Ltd 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

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £38.4k, make it smaller than the average company (£704.2k)

Growth

3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (1.1%)

EXPORT

Palmtree Enterprises Ltd's latest turnover from May 2022 is estimated at £38.4 thousand and the company has net assets of £4.7 million. According to their latest financial statements, we estimate that Palmtree Enterprises Ltd has 1 employee and maintains cash reserves of £79.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	38,418	268,616	191,708	223,646	10,465,009	7,400,628	10,752,724	9,744,711	8,730,193	7,555,613	3,335,378	2,880,861	7,141,051
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	10,849	77,898	52,899	65,729	2,685,049	1,877,209	2,984,935	3,361,252	3,118,511	2,560,845	1,097,185	979,116	2,275,263
Gross Profit	27,569	190,718	138,809	157,917	7,779,960	5,523,419	7,767,789	6,383,458	5,611,683	4,994,768	2,238,193	1,901,746	4,865,788
Admin Expenses	-1,477,715	-123,864	812,495	-556,876	7,367,837	4,814,705	7,035,746	5,802,843	4,873,087	4,133,815	1,637,029	1,441,770	3,135,958
Operating Profit	1,505,284	314,582	-673,686	714,793	412,123	708,714	732,043	580,615	738,596	860,953	601,164	459,976	1,729,830
Interest Payable	145,721	152,052	152,049	166,653	167,232	228,605	281,701	272,115	310,736	330,604	165,239	0	0
Interest Receivable	782	78	93	569	110	18	51	39	54	59	40	22	10
Pre-Tax Profit	1,360,344	162,607	-825,642	548,709	245,001	480,127	450,393	308,539	427,914	530,408	435,966	459,997	1,729,840
Tax	-258,465	-30,895	0	-104,255	-46,550	-91,224	-90,078	-61,708	-89,862	-121,994	-104,632	-119,599	-484,355
Profit After Tax	1,101,879	131,712	-825,642	444,454	198,451	388,903	360,314	246,831	338,052	408,414	331,334	340,398	1,245,485
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,101,879	131,712	-825,642	444,454	198,451	388,903	360,314	246,831	338,052	408,414	331,334	340,398	1,245,485
Employee Costs	29,888	82,439	83,499	55,187	26,549	25,647	1,924,000	1,536,916	1,324,842	1,128,000	526,148	466,445	1,235,547
Number Of Employees	1	3	3	2	1	1	74	59	53	47	22	20	51
EBITDA*	1,505,315	314,619	-673,636	714,843	412,183	708,783	732,043	580,711	738,709	861,087	601,321	460,161	1,730,048

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	175	206	243	286	336	396	548	548	644	757	16,929,066	16,706,323	16,665,563
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	8,707,482	14,346,428	14,571,428	14,623,090	15,717,487	15,480,636	15,986,809	16,445,421	17,131,740	17,341,471	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	8,707,657	14,346,634	14,571,671	14,623,376	15,717,823	15,481,032	15,987,357	16,445,969	17,132,384	17,342,228	16,929,066	16,706,323	16,665,563
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	3,921	28,535	9,469	0	1,340,434	886,639	887,322	683,242	578,692	511,469	115,129	107,629	533,573
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,693,417	1,609,280	1,566,763	1,579,142	0	0	0	0	0	0	0	0	0
Cash	79,670	76,665	78,390	107,571	44,061	11	14,665	5,592	9,806	11,761	11,695	4,492	4,169
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,777,008	1,714,480	1,654,622	1,686,713	1,384,495	886,650	901,987	688,834	588,498	523,230	126,824	112,121	537,742
total assets	10,484,665	16,061,114	16,226,293	16,310,089	17,102,318	16,367,682	16,889,344	17,134,803	17,720,882	17,865,458	17,055,890	16,818,444	17,203,305
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	139,554	231,762	249,923	263,853	285,319	0	0	0	0	0	0	0	0
Trade Creditors	11,657	14,822	19,732	36,579	4,173,928	3,250,481	3,506,055	3,566,022	3,705,862	3,455,706	2,943,076	2,362,426	2,795,738
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	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
other current liabilities	3,733,359	3,576,748	3,563,077	3,633,401	0	0	0	0	0	0	0	0	0
total current liabilities	3,884,570	3,823,332	3,832,732	3,933,833	4,459,247	3,250,481	3,506,055	3,566,022	3,705,862	3,455,706	2,943,076	2,362,426	2,795,738
loans	1,684,063	2,108,075	2,395,566	2,075,865	2,312,835	2,547,447	4,767,922	3,899,794	4,472,961	5,088,150	5,084,269	0	0
hp & lease commitments	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
other liabilities	44,445	0	0	492,216	966,515	1,565,484	0	1,413,934	1,533,837	1,651,432	1,766,789	7,525,596	7,817,543
provisions	161,000	1,176,462	1,176,462	161,000	161,000	0	0	0	0	0	0	0	0
total long term liabilities	1,889,508	3,284,537	3,572,028	2,729,081	3,440,350	4,112,931	4,767,922	5,313,728	6,006,798	6,739,582	6,851,058	7,525,596	7,817,543
total liabilities	5,774,078	7,107,869	7,404,760	6,662,914	7,899,597	7,363,412	8,273,977	8,879,750	9,712,660	10,195,288	9,794,134	9,888,022	10,613,281
net assets	4,710,587	8,953,245	8,821,533	9,647,175	9,202,721	9,004,270	8,615,367	8,255,053	8,008,222	7,670,170	7,261,756	6,930,422	6,590,024
total shareholders funds	4,710,587	8,953,245	8,821,533	9,647,175	9,202,721	9,004,270	8,615,367	8,255,053	8,008,222	7,670,170	7,261,756	6,930,422	6,590,024

	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	1,505,284	314,582	-673,686	714,793	412,123	708,714	732,043	580,615	738,596	860,953	601,164	459,976	1,729,830
Depreciation	31	37	50	50	60	69	0	96	113	134	157	185	218
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-258,465	-30,895	0	-104,255	-46,550	-91,224	-90,078	-61,708	-89,862	-121,994	-104,632	-119,599	-484,355
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	59,523	61,583	-2,910	238,708	453,795	-683	204,080	104,550	67,223	396,340	7,500	-425,944	533,573
Creditors	-3,165	-4,910	-16,847	-4,137,349	923,447	-255,574	-59,967	-139,840	250,156	512,630	580,650	-433,312	2,795,738
Accruals and Deferred Income	156,611	13,671	-70,324	3,633,401	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,015,462	0	1,015,462	0	161,000	0	0	0	0	0	0	0	0
Cash flow from operations	325,311	230,902	257,565	-132,068	996,285	362,668	377,918	274,613	831,780	855,383	1,069,839	333,194	3,507,858
Investing Activities
capital expenditure	0	0	-7	0	0	83	0	0	0	16,928,175	-222,900	-40,945	-16,665,781
Change in Investments	-5,638,946	-225,000	-51,662	-1,094,397	236,851	-506,173	-458,612	-686,319	-209,731	17,341,471	0	0	0
cash flow from investments	5,638,946	225,000	51,655	1,094,397	-236,851	506,256	458,612	686,319	209,731	-413,296	-222,900	-40,945	-16,665,781
Financing Activities
Bank loans	-92,208	-18,161	-13,930	-21,466	285,319	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-424,012	-287,491	319,701	-236,970	-234,612	-2,220,475	868,128	-573,167	-615,189	3,881	5,084,269	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	44,445	0	-492,216	-474,299	-598,969	1,565,484	-1,413,934	-119,903	-117,595	-115,357	-5,758,807	-291,947	7,817,543
share issue	-5,344,537	0	0	0	0	0	0	0	0	0	0	0	5,344,539
interest	-144,939	-151,974	-151,956	-166,084	-167,122	-228,587	-281,650	-272,076	-310,682	-330,545	-165,199	22	10
cash flow from financing	-5,961,251	-457,626	-338,401	-898,819	-715,384	-883,578	-827,456	-965,146	-1,043,466	-442,021	-839,737	-291,925	13,162,092
cash and cash equivalents
cash	3,005	-1,725	-29,181	63,510	44,050	-14,654	9,073	-4,214	-1,955	66	7,203	323	4,169
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	3,005	-1,725	-29,181	63,510	44,050	-14,654	9,073	-4,214	-1,955	66	7,203	323	4,169

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PALMTREE ENTERPRISES LTD group structure

Palmtree Enterprises Ltd has no subsidiary companies.

Ultimate parent company

PALMTREE ENTERPRISES LTD

04428837

PALMTREE ENTERPRISES LTD Shareholders

mr jacob posen	50%
mr yosef elimeleh filip	50%

Palmtree Enterprises Ltd currently has 2 directors. The longest serving directors include Mr Jacob Posen (May 2002) and Mr Yehuda Filip (Mar 2022).

officer	country	age	start	end	role
Mr Jacob Posen		56 years	May 2002	-	Director
Mr Yehuda Filip	England	34 years	Mar 2022	-	Director

P&L

May 2022

turnover

38.4k

-86%

operating profit

1.5m

gross margin

71.8%

+1.07%

turnover

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

Balance Sheet

May 2022

net assets

4.7m

-0.47%

total assets

10.5m

-0.35%

cash

79.7k

+0.04%

net assets

Total assets minus all liabilities

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company number

04428837

Type

Private limited with Share Capital

industry

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 2002

ultimate parent company

None

previous names

N/A

address

115 craven park road, london, N15 6BL

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 45 charges/mortgages relating to palmtree enterprises ltd. Currently there are 43 open charges and 2 have been satisfied in the past.

palmtree enterprises ltd Company Information

palmtree enterprises ltd Estimated Valuation

palmtree enterprises ltd Estimated Valuation

palmtree enterprises ltd Estimated Valuation

Palmtree Enterprises Ltd Overview

Palmtree Enterprises Ltd Health Check

PALMTREE ENTERPRISES LTD financials

palmtree enterprises ltd Credit Report and Business Information

Palmtree Enterprises Ltd Competitor Analysis

palmtree enterprises ltd Ownership

palmtree enterprises ltd directors

palmtree enterprises ltd company details

palmtree enterprises ltd Charges & Mortgages

palmtree enterprises ltd Companies House Filings - See Documents