palace capital (newcastle) limited
palace capital (newcastle) limited Company Information
Company Number
05348319
Website
www.palacecapitalplc.comRegistered Address
thomas house, 84 eccleston square, london, SW1V 1PX
Industry
Development of building projects
Telephone
02033018330
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
palace capital plc 100%
palace capital (newcastle) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (NEWCASTLE) LIMITED at £1m based on a Turnover of £1.1m and 0.93x industry multiple (adjusted for size and gross margin).
palace capital (newcastle) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (NEWCASTLE) LIMITED at £0 based on an EBITDA of £-4.7m and a 7.09x industry multiple (adjusted for size and gross margin).
palace capital (newcastle) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (NEWCASTLE) LIMITED at £3.1m based on Net Assets of £2.1m and 1.49x industry multiple (adjusted for liquidity).
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Palace Capital (newcastle) Limited Overview
Palace Capital (newcastle) Limited is a live company located in london, SW1V 1PX with a Companies House number of 05348319. It operates in the development of building projects sector, SIC Code 41100. Founded in January 2005, it's largest shareholder is palace capital plc with a 100% stake. Palace Capital (newcastle) Limited is a established, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.
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Palace Capital (newcastle) Limited Health Check
Pomanda's financial health check has awarded Palace Capital (Newcastle) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £1.1m, make it smaller than the average company (£2.1m)
£1.1m - Palace Capital (newcastle) Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (2.1%)
-8% - Palace Capital (newcastle) Limited
2.1% - Industry AVG
Production
with a gross margin of 73.5%, this company has a lower cost of product (25.8%)
73.5% - Palace Capital (newcastle) Limited
25.8% - Industry AVG
Profitability
an operating margin of -434.4% make it less profitable than the average company (8.7%)
-434.4% - Palace Capital (newcastle) Limited
8.7% - Industry AVG
Employees
with 4 employees, this is below the industry average (6)
- Palace Capital (newcastle) Limited
6 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Palace Capital (newcastle) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £271.4k, this is equally as efficient (£275.7k)
- Palace Capital (newcastle) Limited
£275.7k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (29 days)
13 days - Palace Capital (newcastle) Limited
29 days - Industry AVG
Creditor Days
its suppliers are paid after 411 days, this is slower than average (30 days)
411 days - Palace Capital (newcastle) Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Palace Capital (newcastle) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (13 weeks)
5 weeks - Palace Capital (newcastle) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.9%, this is a higher level of debt than the average (74.7%)
83.9% - Palace Capital (newcastle) Limited
74.7% - Industry AVG
PALACE CAPITAL (NEWCASTLE) LIMITED financials
Palace Capital (Newcastle) Limited's latest turnover from March 2023 is £1.1 million and the company has net assets of £2.1 million. According to their latest financial statements, we estimate that Palace Capital (Newcastle) Limited has 4 employees and maintains cash reserves of £389.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,085,697 | 1,520,230 | 1,306,984 | 1,393,285 | 1,593,464 | 2,161,027 | 1,849,512 | 1,470,544 | 1,733,118 | 1,223,706 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 288,193 | 208,061 | 83,169 | 269,052 | 86,830 | 435,784 | 0 | 0 | 0 | ||||
| Gross Profit | 797,504 | 1,312,169 | 1,223,815 | 1,124,233 | 1,506,634 | 1,725,243 | 1,470,544 | 1,733,118 | 1,223,706 | ||||
| Admin Expenses | 5,513,404 | 3,784,568 | 1,250,718 | 439,026 | 934,957 | -2,400,810 | 158,591 | 58,459 | 641,846 | ||||
| Operating Profit | -4,715,900 | -2,472,399 | -26,903 | 685,207 | 571,677 | 4,126,053 | 4,589,282 | 1,311,953 | 1,674,659 | 581,860 | |||
| Interest Payable | 428,246 | 333,327 | 344,010 | 407,196 | 403,703 | 701,594 | 988,601 | 398,284 | 692,933 | 957,126 | |||
| Interest Receivable | 0 | 0 | 189 | 1,586 | 2,387 | 240 | 0 | 1,205 | 467 | 6,092 | |||
| Pre-Tax Profit | -5,144,146 | -2,805,726 | -370,724 | 279,597 | 170,361 | 3,424,699 | 3,600,681 | 914,874 | 982,193 | -369,174 | |||
| Tax | 0 | 0 | -31,114 | 262,718 | -187,897 | -178,800 | 118,902 | -309,631 | -217,577 | 0 | |||
| Profit After Tax | -5,144,146 | -2,805,726 | -401,838 | 542,315 | -17,536 | 3,245,899 | 3,719,583 | 605,243 | 764,616 | -369,174 | |||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Retained Profit | -5,144,146 | -2,805,726 | -401,838 | 542,315 | -17,536 | 3,245,899 | 3,719,583 | 605,243 | 764,616 | -369,174 | |||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Number Of Employees | |||||||||||||
| EBITDA* | -4,715,900 | -2,472,399 | -26,903 | 685,207 | 571,677 | 4,126,053 | 4,589,282 | 1,311,953 | 1,674,659 | 581,860 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13,600,000 | 13,600,000 | 14,500,000 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 11,595,014 | 16,884,396 | 19,000,610 | 20,019,233 | 18,911,826 | 18,933,183 | 17,000,000 | 0 | 0 | 0 | 20,260,000 | 21,300,000 | 25,000,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 346,658 | 465,158 | 0 | 4,501,624 | 4,218,500 |
| Total Fixed Assets | 11,595,014 | 16,884,396 | 19,000,610 | 20,019,233 | 18,911,826 | 18,933,183 | 17,000,000 | 13,600,000 | 13,946,658 | 14,965,158 | 20,260,000 | 25,801,624 | 29,218,500 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 39,860 | 0 | 79,481 | 81,955 | 87,364 | 125,502 | 1,020,526 | 1,315,547 | 726,247 | 623,154 | 4,897,148 | 89,812 | 194,850 |
| Group Debtors | 0 | 0 | 0 | 43,012 | 1,538,132 | 508,132 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 749,904 | 671,607 | 755,946 | 1,162,599 | 553,318 | 246,958 | 433,564 | 0 | 0 | 0 | 0 | 155,409 | 240,097 |
| Cash | 389,544 | 1,335,979 | 1,852,031 | 774,136 | 1,166,186 | 2,212,566 | 1,105,094 | 544,251 | 629,131 | 364,276 | 773,853 | 1,022,888 | 403,358 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,179,308 | 2,007,586 | 2,687,458 | 2,061,702 | 3,345,000 | 3,093,158 | 2,559,184 | 1,859,798 | 1,355,378 | 987,430 | 5,671,001 | 1,268,109 | 838,305 |
| total assets | 12,774,322 | 18,891,982 | 21,688,068 | 22,080,935 | 22,256,826 | 22,026,341 | 19,559,184 | 15,459,798 | 15,302,036 | 15,952,588 | 25,931,001 | 27,069,733 | 30,056,805 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 150,000 | 10,774,022 | 150,000 | 150,000 | 150,000 | 150,000 | 0 | 0 | 0 | 0 | 17,923,233 | 18,998,125 | 18,998,125 |
| Trade Creditors | 325,013 | 553,499 | 296,418 | 190,486 | 0 | 0 | 0 | 1,205,471 | 897,472 | 17,799,511 | 217,545 | 77,710 | 0 |
| Group/Directors Accounts | 3,101,452 | 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 | 399,056 | 359,014 | 496,888 | 484,282 | 735,913 | 672,501 | 1,599,628 | 0 | 0 | 0 | 953,019 | 824,603 | 955,209 |
| total current liabilities | 3,975,521 | 11,686,535 | 943,306 | 824,768 | 885,913 | 822,501 | 1,599,628 | 1,205,471 | 897,472 | 17,799,511 | 19,093,797 | 19,900,438 | 19,953,334 |
| loans | 6,737,500 | 0 | 10,733,589 | 10,843,156 | 11,237,500 | 11,070,450 | 16,098,233 | 0 | 16,627,395 | 328,745 | 328,354 | 328,580 | 327,372 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 16,098,233 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 262,717 | 245,158 | 218,989 | 233,343 | 205,635 | 180,486 | 102,892 | 0 | 0 |
| total long term liabilities | 6,737,500 | 0 | 10,733,589 | 10,843,156 | 11,500,217 | 11,315,608 | 16,317,222 | 16,331,576 | 16,833,030 | 509,231 | 431,246 | 328,580 | 327,372 |
| total liabilities | 10,713,021 | 11,686,535 | 11,676,895 | 11,667,924 | 12,386,130 | 12,138,109 | 17,916,850 | 17,537,047 | 17,730,502 | 18,308,742 | 19,525,043 | 20,229,018 | 20,280,706 |
| net assets | 2,061,301 | 7,205,447 | 10,011,173 | 10,413,011 | 9,870,696 | 9,888,232 | 1,642,334 | -2,077,249 | -2,428,466 | -2,356,154 | 6,405,958 | 6,840,715 | 9,776,099 |
| total shareholders funds | 2,061,301 | 7,205,447 | 10,011,173 | 10,413,011 | 9,870,696 | 9,888,232 | 1,642,334 | -2,077,249 | -2,428,466 | -2,356,154 | 6,405,958 | 6,840,715 | 9,776,099 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Sep 2016 | Sep 2015 | Sep 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | -4,715,900 | -2,472,399 | -26,903 | 685,207 | 571,677 | 4,126,053 | 4,589,282 | 1,311,953 | 1,674,659 | 581,860 | |||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | -31,114 | 262,718 | -187,897 | -178,800 | 118,902 | -309,631 | -217,577 | 0 | |||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 118,157 | -163,820 | -452,139 | -891,248 | 1,298,222 | 880,592 | 138,543 | 242,642 | -15,407 | -3,808,836 | 150,303 | 93,398 | 4,653,447 |
| Creditors | -228,486 | 257,081 | 105,932 | 190,486 | 0 | 0 | -1,205,471 | 307,999 | -16,902,039 | 17,581,966 | 139,835 | 77,710 | 0 |
| Accruals and Deferred Income | 40,042 | -137,874 | 12,606 | -251,631 | 63,412 | 672,501 | 1,599,628 | 0 | 0 | -953,019 | 128,416 | -130,606 | 955,209 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -262,717 | 17,559 | 245,158 | -14,354 | 27,708 | 25,149 | 77,594 | 102,892 | 0 | 0 |
| Cash flow from operations | -5,022,501 | -2,189,372 | 512,660 | 1,515,311 | -833,471 | 3,984,320 | 4,949,444 | 1,223,162 | 1,310,788 | -3,116,378 | |||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | -5,289,382 | -2,116,214 | -1,018,623 | 1,107,407 | -21,357 | 18,933,183 | 17,000,000 | 0 | 0 | -20,260,000 | -1,040,000 | -3,700,000 | 25,000,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | -10,624,022 | 10,624,022 | 0 | 0 | 0 | 150,000 | 0 | 0 | 0 | -17,923,233 | -1,074,892 | 0 | 18,998,125 |
| Group/Directors Accounts | 3,101,452 | 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 | 6,737,500 | -10,733,589 | -109,567 | -394,344 | 167,050 | 11,070,450 | 16,098,233 | -16,627,395 | 16,298,650 | 391 | -226 | 1,208 | 327,372 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -16,098,233 | 16,098,233 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -428,246 | -333,327 | -343,821 | -405,610 | -401,316 | -701,354 | -988,601 | -397,079 | -692,466 | -951,034 | |||
| cash flow from financing | -1,213,316 | -442,894 | -453,388 | -799,954 | -234,266 | 17,161,429 | -988,601 | -2,512,197 | -4,391,258 | 28,519,736 | |||
| cash and cash equivalents | |||||||||||||
| cash | -946,435 | -516,052 | 1,077,895 | -392,050 | -1,046,380 | 2,212,566 | 560,843 | -84,880 | 264,855 | -409,577 | -249,035 | 619,530 | 403,358 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -946,435 | -516,052 | 1,077,895 | -392,050 | -1,046,380 | 2,212,566 | 560,843 | -84,880 | 264,855 | -409,577 | -249,035 | 619,530 | 403,358 |
palace capital (newcastle) limited Credit Report and Business Information
Palace Capital (newcastle) Limited Competitor Analysis
Perform a competitor analysis for palace capital (newcastle) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in SW1V area or any other competitors across 12 key performance metrics.
palace capital (newcastle) limited Ownership
PALACE CAPITAL (NEWCASTLE) LIMITED group structure
Palace Capital (Newcastle) Limited has no subsidiary companies.
Ultimate parent company
1 parent
PALACE CAPITAL (NEWCASTLE) LIMITED
05348319
palace capital (newcastle) limited directors
Palace Capital (Newcastle) Limited currently has 4 directors. The longest serving directors include Mr Daniel Davies (Oct 2022) and Mr Phil Higgins (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Davies | England | 47 years | Oct 2022 | - | Director |
| Mr Phil Higgins | England | 55 years | Oct 2022 | - | Director |
| Mr Thomas Hood | England | 39 years | Oct 2022 | - | Director |
| Mr Steven Owen | United Kingdom | 67 years | Nov 2023 | - | Director |
P&L
March 2023turnover
1.1m
-29%
operating profit
-4.7m
+91%
gross margin
73.5%
-14.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.1m
-0.71%
total assets
12.8m
-0.32%
cash
389.5k
-0.71%
net assets
Total assets minus all liabilities
palace capital (newcastle) limited company details
company number
05348319
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
January 2005
age
19
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2023
previous names
sm newcastle ob limited (August 2017)
st james gate developments limited (July 2016)
accountant
-
auditor
BDO LLP
address
thomas house, 84 eccleston square, london, SW1V 1PX
Bank
BARCLAYS BANK PLC
Legal Advisor
-
palace capital (newcastle) 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 5 charges/mortgages relating to palace capital (newcastle) limited. Currently there are 0 open charges and 5 have been satisfied in the past.
palace capital (newcastle) limited Companies House Filings - See Documents
| date | description | view/download |
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