Harvestglen Properties Limited

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harvestglen properties limited Company Information

Live

MatureSmallDeclining

Company Number

04926130

Website

http://palmerslodges.com

Registered Address

palmers lodge swiss cottage, 40 college crescent, london, NW3 5LB

Industry

Youth hostels

Telephone

02074838470

Next Accounts Due

December 2024

Group Structure

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Directors

Ebrahim Abbassian18 Years

Farzad Zahab18 Years

View All

Shareholders

keepgate ltd 100%

harvestglen properties limited Estimated Valuation

£12.9m

Pomanda estimates the enterprise value of HARVESTGLEN PROPERTIES LIMITED at £12.9m based on Net Assets of £6.8m and 1.88x industry multiple (adjusted for liquidity).

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Harvestglen Properties Limited is a live company located in london, NW3 5LB with a Companies House number of 04926130. It operates in the youth hostels sector, SIC Code 55202. Founded in October 2003, it's largest shareholder is keepgate ltd with a 100% stake. Harvestglen Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £539.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Harvestglen Properties Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

3 Regular

4 Weak

Size

annual sales of £539.3k, make it smaller than the average company (£1.5m)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (0.8%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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HARVESTGLEN PROPERTIES LIMITED group structure

Harvestglen Properties Limited has no subsidiary companies.

Ultimate parent company

KEEPGATE LIMITED

05410762

1 parent

HARVESTGLEN PROPERTIES LIMITED

04926130

HARVESTGLEN PROPERTIES LIMITED Shareholders

keepgate ltd

100%

Harvestglen Properties Limited currently has 3 directors. The longest serving directors include Mr Ebrahim Abbassian (Jun 2005) and Mr Farzad Zahab (Jun 2005).

officer	country	age	start	end	role
Mr Ebrahim Abbassian		66 years	Jun 2005	-	Director
Mr Farzad Zahab	United Kingdom	58 years	Jun 2005	-	Director
Mrs Manigeh Abbassian		63 years	Nov 2014	-	Director

EXPORT

Harvestglen Properties Limited's latest turnover from March 2023 is estimated at £539.3 thousand and the company has net assets of £6.8 million. According to their latest financial statements, Harvestglen Properties Limited has 10 employees and maintains cash reserves of £4.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	539,305	243,099	28,991,781	1,212,624	1,963,948	1,556,128	1,642,259	1,560,288	9,821,371	51,351,766	11,084,236	9,710,955	17,920,014	9,419,287
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	100,141	52,183	5,652,323	261,233	392,028	330,915	363,060	310,699	2,097,164	12,509,975	2,660,649	2,337,822	4,326,650	2,303,643
Gross Profit	439,164	190,915	23,339,457	951,391	1,571,920	1,225,213	1,279,198	1,249,589	7,724,207	38,841,791	8,423,586	7,373,133	13,593,364	7,115,644
Admin Expenses	-1,135,546	471,181	23,667,244	343,620	1,069,576	599,791	597,607	1,941,426	5,783,645	37,707,560	7,319,071	6,646,676	12,912,545	6,252,160
Operating Profit	1,574,710	-280,266	-327,787	607,771	502,344	625,422	681,591	-691,837	1,940,562	1,134,231	1,104,515	726,457	680,819	863,484
Interest Payable	90,353	0	0	0	27	26	11,038	11,480	0	0	0	0	0	0
Interest Receivable	101,166	624	64	107	1,543	1,295	518	4,917	8,771	7,990	5,883	3,005	2,001	1,120
Pre-Tax Profit	1,585,522	-279,642	-327,723	607,878	503,860	626,691	671,071	-698,400	1,949,333	1,142,221	1,110,397	729,462	682,819	864,604
Tax	-301,249	0	0	-115,497	-95,733	-119,071	-134,214	0	-409,360	-262,711	-266,495	-189,660	-191,189	-242,089
Profit After Tax	1,284,273	-279,642	-327,723	492,381	408,127	507,620	536,857	-698,400	1,539,973	879,510	843,902	539,802	491,630	622,515
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,284,273	-279,642	-327,723	492,381	408,127	507,620	536,857	-698,400	1,539,973	879,510	843,902	539,802	491,630	622,515
Employee Costs	215,032	117,503	625,163	759,822	734,447	719,978	708,129	679,778	3,725,436	21,772,210	4,294,534	3,578,228	6,796,946	3,799,640
Number Of Employees	10	6	32	40	39	39	39	39	190	1,066	223	188	335	199
EBITDA*	1,621,917	-230,336	-269,881	660,090	545,343	665,230	724,982	-653,354	2,117,238	1,320,464	1,293,720	926,889	870,371	1,045,668

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	4,652,425	4,704,566	4,753,349	4,772,096	4,768,702	4,778,606	4,784,841	4,788,120	4,874,683	5,034,876	5,147,054	5,306,028	5,381,246	5,390,601
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	7,221	9,499	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	919,143	0	1,699,235	1,143,381	636,380	159,399	0	0	0	0	0	0	100,000
Total Fixed Assets	4,659,646	5,633,208	4,753,349	6,471,331	5,912,083	5,414,986	4,944,240	4,788,120	4,874,683	5,034,876	5,147,054	5,306,028	5,381,246	5,490,601
Stock & work in progress	0	2,800	5,210	7,279	7,131	5,325	5,744	4,660	8,780	5,447	8,650	10,121	21,386	20,124
Trade Debtors	0	0	1,269,740	199	0	891	18,946	28,009	271,065	890,353	243,462	213,083	262,875	203,382
Group Debtors	332	0	0	9,836	0	0	0	0	0	0	0	0	0	0
Misc Debtors	70,929	80,256	0	34,795	24,037	68,178	114,315	76,583	0	0	0	0	0	0
Cash	4,665,075	95,662	70,856	56,640	157,121	254,456	263,475	151,175	1,815,609	1,692,767	1,503,325	849,738	352,283	447,990
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,736,336	178,718	1,345,806	108,749	188,289	328,850	402,480	260,427	2,095,454	2,588,567	1,755,437	1,072,942	636,544	671,496
total assets	9,395,982	5,811,926	6,099,155	6,580,080	6,100,372	5,743,836	5,346,720	5,048,547	6,970,137	7,623,443	6,902,491	6,378,970	6,017,790	6,162,097
Bank overdraft	0	0	0	0	0	798	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	28,638	16,928	101,451	35,450	34,948	46,930	56,087	56,100	842,666	789,581	721,119	670,451	840,239	1,604,708
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	3,864,000	3,863,250
other short term finances	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
other current liabilities	611,986	78,256	0	219,203	234,165	274,373	377,098	262,543	0	0	0	0	0	0
total current liabilities	640,624	95,184	101,451	254,653	269,113	322,101	433,185	318,643	842,666	789,581	721,119	670,451	4,704,239	5,467,958
loans	1,762,988	0	0	0	0	0	0	353,226	0	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	1,046,022	3,277,768	3,497,872	3,837,779	0	0
provisions	151,544	160,189	161,509	161,509	159,722	158,325	157,745	157,745	164,116	178,734	185,650	216,792	199,405	71,623
total long term liabilities	1,914,532	160,189	161,509	161,509	159,722	158,325	157,745	510,971	1,210,138	3,456,502	3,683,522	4,054,571	199,405	71,623
total liabilities	2,555,156	255,373	262,960	416,162	428,835	480,426	590,930	829,614	2,052,804	4,246,083	4,404,641	4,725,022	4,903,644	5,539,581
net assets	6,840,826	5,556,553	5,836,195	6,163,918	5,671,537	5,263,410	4,755,790	4,218,933	4,917,333	3,377,360	2,497,850	1,653,948	1,114,146	622,516
total shareholders funds	6,840,826	5,556,553	5,836,195	6,163,918	5,671,537	5,263,410	4,755,790	4,218,933	4,917,333	3,377,360	2,497,850	1,653,948	1,114,146	622,516

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	1,574,710	-280,266	-327,787	607,771	502,344	625,422	681,591	-691,837	1,940,562	1,134,231	1,104,515	726,457	680,819	863,484
Depreciation	47,207	49,930	57,906	52,319	42,999	39,808	43,391	38,483	176,676	186,233	189,205	200,432	189,552	182,184
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-301,249	0	0	-115,497	-95,733	-119,071	-134,214	0	-409,360	-262,711	-266,495	-189,660	-191,189	-242,089
Stock	-2,800	-2,410	-2,069	148	1,806	-419	1,084	-4,120	3,333	-3,203	-1,471	-11,265	1,262	20,124
Debtors	-928,138	-270,341	-474,325	576,647	461,969	412,789	188,068	-166,473	-619,288	646,891	30,379	-49,792	-40,507	303,382
Creditors	11,710	-84,523	66,001	502	-11,982	-9,157	-13	-786,566	53,085	68,462	50,668	-169,788	-764,469	1,604,708
Accruals and Deferred Income	533,730	78,256	-219,203	-14,962	-40,208	-102,725	114,555	262,543	0	0	0	0	0	0
Deferred Taxes & Provisions	-8,645	-1,320	0	1,787	1,397	580	0	-6,371	-14,618	-6,916	-31,142	17,387	127,782	71,623
Cash flow from operations	2,788,401	34,828	53,311	-44,875	-64,958	22,487	516,158	-1,013,155	2,362,300	475,611	1,017,843	645,885	81,740	2,156,404
Investing Activities
capital expenditure	4,934	-1,147	-39,159	-55,713	-33,095	-33,573	-40,112	48,080	-16,483	-74,055	-30,231	-125,214	-180,197	-5,572,785
Change in Investments	-2,278	9,499	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	7,212	-10,646	-39,159	-55,713	-33,095	-33,573	-40,112	48,080	-16,483	-74,055	-30,231	-125,214	-180,197	-5,572,785
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	-3,864,000	750	3,863,250
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	1,762,988	0	0	0	0	0	-353,226	353,226	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-1,046,022	-2,231,746	-220,104	-339,907	3,837,779	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1
interest	10,813	624	64	107	1,516	1,269	-10,520	-6,563	8,771	7,990	5,883	3,005	2,001	1,120
cash flow from financing	1,773,801	624	64	107	1,516	1,269	-363,746	-699,359	-2,222,975	-212,114	-334,024	-23,216	2,751	3,864,371
cash and cash equivalents
cash	4,569,413	24,806	14,216	-100,481	-97,335	-9,019	112,300	-1,664,434	122,842	189,442	653,587	497,455	-95,707	447,990
overdraft	0	0	0	0	-798	798	0	0	0	0	0	0	0	0
change in cash	4,569,413	24,806	14,216	-100,481	-96,537	-9,817	112,300	-1,664,434	122,842	189,442	653,587	497,455	-95,707	447,990

P&L

March 2023

turnover

539.3k

+122%

operating profit

1.6m

gross margin

81.5%

+3.69%

turnover

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

Balance Sheet

March 2023

net assets

6.8m

+0.23%

total assets

9.4m

+0.62%

cash

4.7m

+47.77%

net assets

Total assets minus all liabilities

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company number

04926130

Type

Private limited with Share Capital

industry

55202 - Youth hostels

incorporation date

October 2003

age

accounts

Total Exemption Full

ultimate parent company

KEEPGATE LIMITED

previous names

N/A

incorporated

address

palmers lodge swiss cottage, 40 college crescent, london, NW3 5LB

last accounts submitted

March 2023

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 harvestglen properties limited. Currently there are 4 open charges and 4 have been satisfied in the past.

harvestglen properties limited Company Information

harvestglen properties limited Estimated Valuation

harvestglen properties limited Estimated Valuation

harvestglen properties limited Estimated Valuation

Harvestglen Properties Limited AI Business Plan

Harvestglen Properties Limited Overview

Harvestglen Properties Limited Health Check

harvestglen properties limited Credit Report and Business Information

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harvestglen properties limited Ownership

harvestglen properties limited directors

HARVESTGLEN PROPERTIES LIMITED financials

harvestglen properties limited company details

harvestglen properties limited Charges & Mortgages

harvestglen properties limited Companies House Filings - See Documents