partnerships no.1 limited
partnerships no.1 limited Company Information
Company Number
05772184
Website
pfr.co.ukRegistered Address
hartwell house, 55-61 victoria street, bristol, BS1 6AD
Industry
Construction of utility projects for electricity and telecommunications
Telephone
-
Next Accounts Due
June 2024
Group Structure
View All
Shareholders
carbon trust enterprises ltd 34%
oaxaca scots lp 33%
View Allpartnerships no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PARTNERSHIPS NO.1 LIMITED at £138.7k based on a Turnover of £591.4k and 0.23x industry multiple (adjusted for size and gross margin).
partnerships no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PARTNERSHIPS NO.1 LIMITED at £0 based on an EBITDA of £-863.4k and a 2.71x industry multiple (adjusted for size and gross margin).
partnerships no.1 limited Estimated Valuation
Pomanda estimates the enterprise value of PARTNERSHIPS NO.1 LIMITED at £1.6m based on Net Assets of £913.1k and 1.72x industry multiple (adjusted for liquidity).
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Partnerships No.1 Limited Overview
Partnerships No.1 Limited is a dissolved company that was located in bristol, BS1 6AD with a Companies House number of 05772184. It operated in the construction of utility projects for electricity and telecommunications sector, SIC Code 42220. Founded in April 2006, it's largest shareholder was carbon trust enterprises ltd with a 34% stake. The last turnover for Partnerships No.1 Limited was estimated at £591.4k.
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Partnerships No.1 Limited Health Check
Pomanda's financial health check has awarded Partnerships No.1 Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £591.4k, make it smaller than the average company (£3.1m)
£591.4k - Partnerships No.1 Limited
£3.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -44%, show it is growing at a slower rate (5.2%)
-44% - Partnerships No.1 Limited
5.2% - Industry AVG
Production
with a gross margin of 23.9%, this company has a comparable cost of product (23.9%)
23.9% - Partnerships No.1 Limited
23.9% - Industry AVG
Profitability
an operating margin of -147.4% make it less profitable than the average company (6.2%)
-147.4% - Partnerships No.1 Limited
6.2% - Industry AVG
Employees
with 6 employees, this is below the industry average (15)
6 - Partnerships No.1 Limited
15 - Industry AVG
Pay Structure
on an average salary of £132.6k, the company has a higher pay structure (£51.8k)
£132.6k - Partnerships No.1 Limited
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £98.6k, this is less efficient (£271.6k)
£98.6k - Partnerships No.1 Limited
£271.6k - Industry AVG
Debtor Days
it gets paid by customers after 106 days, this is later than average (71 days)
106 days - Partnerships No.1 Limited
71 days - Industry AVG
Creditor Days
its suppliers are paid after 52 days, this is slower than average (39 days)
52 days - Partnerships No.1 Limited
39 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Partnerships No.1 Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 122 weeks, this is more cash available to meet short term requirements (10 weeks)
122 weeks - Partnerships No.1 Limited
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.9%, this is a lower level of debt than the average (90.1%)
34.9% - Partnerships No.1 Limited
90.1% - Industry AVG
PARTNERSHIPS NO.1 LIMITED financials
Partnerships No.1 Limited's latest turnover from March 2017 is £591.4 thousand and the company has net assets of £913.1 thousand. According to their latest financial statements, Partnerships No.1 Limited has 6 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 591,388 | 3,044,777 | 2,811,945 | 3,400,332 | 893,974 | 0 | 0 | 0 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | -871,537 | -2,852,433 | -2,664,139 | -3,638,422 | -6,953,680 | -7,150,780 | -6,529,253 | -4,294,355 |
| Interest Payable | 0 | 690,578 | 830,517 | 1,505,145 | 612,220 | 193,191 | 146,106 | 132,258 |
| Interest Receivable | 7,088 | 1,371 | 1,687 | 6,182 | 2,474 | 14,313 | 13,550 | 33,942 |
| Pre-Tax Profit | -916,641 | -3,962,649 | -3,172,469 | -318,908 | -7,563,426 | -7,329,658 | -6,661,809 | -4,392,671 |
| Tax | 0 | -10,000 | -82,593 | 0 | -47,236 | 0 | 0 | 0 |
| Profit After Tax | -916,641 | -3,972,649 | -3,255,062 | -318,908 | -7,610,662 | -7,329,658 | -6,661,809 | -4,392,671 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -916,641 | -3,972,649 | -3,255,062 | -318,908 | -7,610,662 | -7,329,658 | -6,661,809 | -4,392,671 |
| Employee Costs | 795,441 | 1,727,536 | 1,391,299 | 1,907,077 | 2,459,656 | 2,384,695 | 1,858,472 | 1,635,119 |
| Number Of Employees | 6 | 15 | 16 | 23 | 32 | 31 | 25 | 24 |
| EBITDA* | -863,355 | -2,322,331 | -1,543,332 | -2,576,857 | -6,680,294 | -7,116,904 | -6,493,455 | -4,276,746 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,361 | 10,543 | 15,944,231 | 16,975,541 | 24,649,864 | 42,298 | 40,184 | 55,826 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 519,076 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,361 | 10,543 | 15,944,231 | 17,494,617 | 24,649,864 | 42,298 | 40,184 | 55,826 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 172,065 | 489,413 | 419,464 | 400,480 | 385,077 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 75,093 | 1,551,338 | 1,700,686 | 1,784,879 | 1,632,443 | 366,092 | 267,628 | 274,251 |
| Cash | 1,152,458 | 3,550,099 | 2,641,766 | 2,130,748 | 2,235,807 | 3,779,295 | 5,659,112 | 5,055,546 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,399,616 | 5,590,850 | 4,761,916 | 4,316,107 | 4,253,327 | 4,145,387 | 5,926,740 | 5,329,797 |
| total assets | 1,401,977 | 5,601,393 | 20,706,147 | 21,810,724 | 28,903,191 | 4,187,685 | 5,966,924 | 5,385,623 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 64,929 | 62,367 | 243,072 | 234,945 | 200,039 | 450,625 | 213,711 | 425,468 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 693,631 | 693,692 | 9,817,388 | 30,073 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 423,926 | 1,309,263 | 2,147,627 | 1,933,788 | 1,578,037 | 2,337,217 | 2,191,226 | 2,178,592 |
| total current liabilities | 488,855 | 1,371,630 | 3,084,330 | 2,862,425 | 11,595,464 | 2,817,915 | 2,404,937 | 2,604,060 |
| loans | 0 | 0 | 2,768,280 | 3,461,938 | 4,106,691 | 383,870 | 350,000 | 261,643 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 7,852,625 | 7,921,415 | 7,632,134 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 10,620,905 | 11,383,353 | 11,738,825 | 383,870 | 350,000 | 261,643 |
| total liabilities | 488,855 | 1,371,630 | 13,705,235 | 14,245,778 | 23,334,289 | 3,201,785 | 2,754,937 | 2,865,703 |
| net assets | 913,122 | 4,229,763 | 7,000,912 | 7,564,946 | 5,568,902 | 985,900 | 3,211,987 | 2,519,920 |
| total shareholders funds | 913,122 | 4,229,763 | 7,000,912 | 7,564,946 | 5,568,902 | 985,900 | 3,211,987 | 2,519,920 |
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | -871,537 | -2,852,433 | -2,664,139 | -3,638,422 | -6,953,680 | -7,150,780 | -6,529,253 | -4,294,355 |
| Depreciation | 8,182 | 530,102 | 1,120,807 | 1,061,565 | 273,386 | 33,876 | 35,798 | 17,609 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | -10,000 | -82,593 | 0 | -47,236 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -1,793,593 | -79,399 | -584,285 | 686,915 | 1,651,428 | 98,464 | -6,623 | 274,251 |
| Creditors | 2,562 | -180,705 | 8,127 | 34,906 | -250,586 | 236,914 | -211,757 | 425,468 |
| Accruals and Deferred Income | -885,337 | -838,364 | 213,839 | 355,751 | -759,180 | 145,991 | 12,634 | 2,178,592 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 47,463 | -3,272,001 | -819,674 | -2,873,115 | -9,388,724 | -6,832,463 | -6,685,955 | -1,946,937 |
| Investing Activities | ||||||||
| capital expenditure | 1,417,242 | 9,532,343 | 309,474 | -722,376 | 0 | 5,067,581 | 7,333,720 | 5,170,961 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 1,417,242 | 9,532,343 | 309,474 | -722,376 | 0 | 5,067,581 | 7,333,720 | 5,170,961 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -693,631 | -61 | -9,123,696 | 9,787,315 | 30,073 | 0 | 0 |
| Long term loans | 0 | -2,768,280 | -693,658 | -644,753 | 3,722,821 | 33,870 | 88,357 | 261,643 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | -7,852,625 | -68,790 | 289,281 | 7,632,134 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | 7,088 | -689,207 | -828,830 | -1,498,963 | -609,746 | -178,878 | -132,556 | -98,316 |
| cash flow from financing | -2,392,912 | -10,802,243 | 1,099,689 | -8,663,179 | 32,726,188 | 4,988,636 | 7,309,677 | 7,075,918 |
| cash and cash equivalents | ||||||||
| cash | -2,397,641 | 908,333 | 511,018 | -105,059 | -1,543,488 | -1,879,817 | 603,566 | 5,055,546 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,397,641 | 908,333 | 511,018 | -105,059 | -1,543,488 | -1,879,817 | 603,566 | 5,055,546 |
partnerships no.1 limited Credit Report and Business Information
Partnerships No.1 Limited Competitor Analysis
Perform a competitor analysis for partnerships no.1 limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
partnerships no.1 limited Ownership
PARTNERSHIPS NO.1 LIMITED group structure
Partnerships No.1 Limited has 1 subsidiary company.
Ultimate parent company
PARTNERSHIPS NO.1 LIMITED
05772184
1 subsidiary
partnerships no.1 limited directors
Partnerships No.1 Limited currently has 7 directors. The longest serving directors include Mr Thomas Delay (Apr 2007) and Mrs Gina Hall (Aug 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Delay | 65 years | Apr 2007 | - | Director | |
| Mrs Gina Hall | England | 62 years | Aug 2011 | - | Director |
| Mr Morgan McCormick | England | 43 years | Oct 2015 | - | Director |
| Mr Simon Vince | England | 61 years | Jan 2016 | - | Director |
| Mr Kenzo King | England | 36 years | Jan 2016 | - | Director |
| Mr Jonathan Entract | England | 51 years | Feb 2017 | - | Director |
| Mr David Lees | United Kingdom | 56 years | May 2018 | - | Director |
P&L
March 2017turnover
591.4k
-81%
operating profit
-871.5k
-69%
gross margin
23.9%
+20.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
913.1k
-0.78%
total assets
1.4m
-0.75%
cash
1.2m
-0.68%
net assets
Total assets minus all liabilities
partnerships no.1 limited company details
company number
05772184
Type
Private limited with Share Capital
industry
42220 - Construction of utility projects for electricity and telecommunications
incorporation date
April 2006
age
18
accounts
Group
ultimate parent company
previous names
partnerships for renewables limited (August 2017)
incorporated
UK
address
hartwell house, 55-61 victoria street, bristol, BS1 6AD
last accounts submitted
March 2017
partnerships no.1 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 4 charges/mortgages relating to partnerships no.1 limited. Currently there are 4 open charges and 0 have been satisfied in the past.
partnerships no.1 limited Companies House Filings - See Documents
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