palmerston precinct practice limited
palmerston precinct practice limited Company Information
Company Number
06412222
Website
https://www.mydentist.co.ukRegistered Address
europa house, europa trading estate, kearsley, manchester, M26 1GG
Industry
Dental practice activities
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
mydentist acquisitions limited 100%
palmerston precinct practice limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERSTON PRECINCT PRACTICE LIMITED at £55.9k based on a Turnover of £82.9k and 0.67x industry multiple (adjusted for size and gross margin).
palmerston precinct practice limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERSTON PRECINCT PRACTICE LIMITED at £132.3k based on an EBITDA of £27.4k and a 4.83x industry multiple (adjusted for size and gross margin).
palmerston precinct practice limited Estimated Valuation
Pomanda estimates the enterprise value of PALMERSTON PRECINCT PRACTICE LIMITED at £914.4k based on Net Assets of £308.8k and 2.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Palmerston Precinct Practice Limited Overview
Palmerston Precinct Practice Limited is a live company located in kearsley, M26 1GG with a Companies House number of 06412222. It operates in the dental practice activities sector, SIC Code 86230. Founded in October 2007, it's largest shareholder is mydentist acquisitions limited with a 100% stake. Palmerston Precinct Practice Limited is a established, micro sized company, Pomanda has estimated its turnover at £82.9k with declining growth in recent years.
Upgrade for unlimited company reports & a free credit check
Palmerston Precinct Practice Limited Health Check
Pomanda's financial health check has awarded Palmerston Precinct Practice Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
8 Weak
Size
annual sales of £82.9k, make it smaller than the average company (£925.6k)
£82.9k - Palmerston Precinct Practice Limited
£925.6k - Industry AVG
Growth
3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (2.6%)
-41% - Palmerston Precinct Practice Limited
2.6% - Industry AVG
Production
with a gross margin of 60.4%, this company has a lower cost of product (48.9%)
60.4% - Palmerston Precinct Practice Limited
48.9% - Industry AVG
Profitability
an operating margin of -43.6% make it less profitable than the average company (7.7%)
-43.6% - Palmerston Precinct Practice Limited
7.7% - Industry AVG
Employees
with 7 employees, this is below the industry average (11)
7 - Palmerston Precinct Practice Limited
11 - Industry AVG
Pay Structure
on an average salary of £22k, the company has an equivalent pay structure (£19.9k)
£22k - Palmerston Precinct Practice Limited
£19.9k - Industry AVG
Efficiency
resulting in sales per employee of £11.8k, this is less efficient (£84.4k)
£11.8k - Palmerston Precinct Practice Limited
£84.4k - Industry AVG
Debtor Days
it gets paid by customers after 18 days, this is later than average (7 days)
18 days - Palmerston Precinct Practice Limited
7 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Palmerston Precinct Practice Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 93 days, this is more than average (11 days)
93 days - Palmerston Precinct Practice Limited
11 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Palmerston Precinct Practice Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.3%, this is a higher level of debt than the average (52.9%)
62.3% - Palmerston Precinct Practice Limited
52.9% - Industry AVG
PALMERSTON PRECINCT PRACTICE LIMITED financials
Palmerston Precinct Practice Limited's latest turnover from March 2023 is £82.9 thousand and the company has net assets of £308.8 thousand. According to their latest financial statements, Palmerston Precinct Practice Limited has 7 employees and maintains cash reserves of 0 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 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 82,887 | 399,610 | 450,385 | 394,337 | 409,711 | 448,676 | 474,822 | 474,238 | 525,386 | 1,034,478 | 756,186 | |||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Cost Of Sales | 32,848 | 195,032 | 193,048 | 246,805 | 234,240 | 240,677 | 262,366 | 257,453 | 313,203 | 491,515 | 315,734 | |||
| Gross Profit | 50,039 | 204,578 | 257,337 | 147,532 | 175,471 | 207,999 | 212,456 | 216,785 | 212,183 | 542,963 | 440,452 | |||
| Admin Expenses | 233,350 | 254,816 | 490,315 | 268,214 | ||||||||||
| Operating Profit | -16,565 | -42,633 | 52,648 | 172,238 | ||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,439 | 3,784 | |||
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33 | 0 | 0 | 0 | |||
| Pre-Tax Profit | -43,476 | 23,287 | 58,072 | -72,675 | -50,359 | -7,782 | -8,914 | -16,532 | -42,633 | 51,209 | 168,454 | |||
| Tax | 7,309 | 14,451 | 4,900 | 6,433 | 3,805 | 3,951 | 5,662 | -947 | -5,348 | -8,747 | -43,064 | 0 | ||
| Profit After Tax | -36,167 | 37,738 | 62,972 | -66,242 | -46,554 | -3,831 | -3,252 | -17,479 | -47,981 | 42,462 | 125,390 | 0 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53,100 | 0 | 0 | ||
| Retained Profit | -36,167 | 37,738 | 62,972 | -66,242 | -46,554 | -3,831 | -3,252 | -17,479 | -47,981 | -10,638 | 125,390 | 0 | ||
| Employee Costs | 154,328 | 147,653 | 121,401 | 135,365 | 116,320 | 151,019 | 144,503 | 131,267 | 139,262 | 176,470 | 135,571 | |||
| Number Of Employees | 7 | 8 | 8 | 8 | 8 | 10 | 10 | 9 | 9 | 7 | 8 | |||
| EBITDA* | 34,945 | 9,147 | 119,108 | 219,284 |
* 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 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 178,917 | 110,669 | 129,692 | 157,374 | 143,715 | 160,053 | 166,763 | 177,232 | 166,045 | 165,453 | 34,639 | 46,185 | 60,837 | 81,116 |
| Intangible Assets | 144,667 | 170,557 | 196,447 | 222,338 | 248,228 | 274,119 | 300,009 | 325,899 | 351,790 | 517,862 | 568,000 | 603,500 | 639,000 | 674,500 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 323,584 | 281,226 | 326,139 | 379,712 | 391,943 | 434,172 | 466,772 | 503,131 | 517,835 | 683,315 | 602,639 | 649,685 | 699,837 | 755,616 |
| Stock & work in progress | 8,430 | 7,750 | 7,600 | 7,600 | 6,335 | 7,400 | 7,800 | 8,900 | 10,783 | 10,783 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,160 | 0 | 3,210 | 0 | 0 | 0 | 0 | 662 | 0 | 0 | 0 | 129,135 | 126,313 | 101,309 |
| Group Debtors | 394,898 | 206,037 | 78,016 | 4,018 | 6,655 | 0 | 15,768 | 7,893 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 87,554 | 50,591 | 28,658 | 40,220 | 19,283 | 9,642 | 4,668 | 21,760 | 19,491 | 23,364 | 135,852 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,742 | 147 | 908 | 795 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 495,042 | 264,378 | 117,484 | 51,838 | 32,273 | 17,042 | 28,236 | 39,215 | 30,274 | 34,147 | 139,594 | 129,282 | 127,221 | 102,104 |
| total assets | 818,626 | 545,604 | 443,623 | 431,550 | 424,216 | 451,214 | 495,008 | 542,346 | 548,109 | 717,462 | 742,233 | 778,967 | 827,058 | 857,720 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,988 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 6,076 | 0 | 11,150 | 598 | 0 | 2,535 | 13,483 | 19,476 | 14,439 | 9,713 | 412,098 | 515,739 | 594,560 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 7,687 | 0 | 0 | 57,380 | 179,784 | 150,426 | 0 | 0 | 0 |
| 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 | 5,315 | 0 | 0 | 0 |
| other current liabilities | 509,816 | 193,531 | 135,364 | 175,368 | 113,109 | 86,464 | 131,579 | 163,723 | 89,581 | 90,264 | 68,547 | 0 | 0 | 0 |
| total current liabilities | 509,816 | 199,607 | 135,364 | 186,518 | 113,707 | 94,151 | 134,114 | 177,206 | 166,437 | 284,487 | 301,989 | 412,098 | 515,739 | 594,560 |
| loans | 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 |
| 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 | 0 | 0 | 0 | 5,315 | 18,070 | 30,825 |
| provisions | 0 | 1,020 | 1,020 | 765 | 0 | 0 | 0 | 994 | 47 | 3,369 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 1,020 | 1,020 | 765 | 0 | 0 | 0 | 994 | 47 | 3,369 | 0 | 5,315 | 18,070 | 30,825 |
| total liabilities | 509,816 | 200,627 | 136,384 | 187,283 | 113,707 | 94,151 | 134,114 | 178,200 | 166,484 | 287,856 | 301,989 | 417,413 | 533,809 | 625,385 |
| net assets | 308,810 | 344,977 | 307,239 | 244,267 | 310,509 | 357,063 | 360,894 | 364,146 | 381,625 | 429,606 | 440,244 | 361,554 | 293,249 | 232,335 |
| total shareholders funds | 308,810 | 344,977 | 307,239 | 244,267 | 310,509 | 357,063 | 360,894 | 364,146 | 381,625 | 429,606 | 440,244 | 361,554 | 293,249 | 232,335 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Oct 2012 | Oct 2011 | Oct 2010 | Oct 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -16,565 | -42,633 | 52,648 | 172,238 | ||||||||||
| Depreciation | 37,689 | 31,190 | 30,549 | 28,838 | 25,351 | 26,369 | 28,048 | 25,619 | 25,890 | 16,322 | 11,546 | 15,395 | 20,279 | 27,039 |
| Amortisation | 25,890 | 25,890 | 25,891 | 25,890 | 25,891 | 25,890 | 25,890 | 25,891 | 25,890 | 50,138 | 35,500 | 35,500 | 35,500 | 0 |
| Tax | 7,309 | 14,451 | 4,900 | 6,433 | 3,805 | 3,951 | 5,662 | -947 | -5,348 | -8,747 | -43,064 | 0 | ||
| Stock | 680 | 150 | 0 | 1,265 | -1,065 | -400 | -1,100 | -1,883 | 0 | 10,783 | 0 | 0 | 0 | 0 |
| Debtors | 229,984 | 146,744 | 65,646 | 18,300 | 16,296 | -10,794 | -9,879 | 10,824 | -3,873 | 23,364 | 6,717 | 2,822 | 25,004 | 101,309 |
| Creditors | -6,076 | 6,076 | -11,150 | 10,552 | 598 | -2,535 | -10,948 | -5,993 | 5,037 | 14,439 | -402,385 | -103,641 | -78,821 | 594,560 |
| Accruals and Deferred Income | 316,285 | 58,167 | -40,004 | 62,259 | 26,645 | -45,115 | -32,144 | 74,142 | -683 | 90,264 | 68,547 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -1,020 | 0 | 255 | 765 | 0 | 0 | -994 | 947 | -3,322 | 3,369 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 94,153 | 8,704 | 184,286 | -164,335 | ||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| 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 | -7,687 | 7,687 | 0 | -57,380 | -122,404 | 179,784 | 150,426 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,315 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,315 | -12,755 | -12,755 | 30,825 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33 | 0 | -1,439 | -3,784 | |||
| cash flow from financing | 0 | 0 | 0 | 0 | -7,687 | 7,687 | 0 | -57,347 | -122,404 | 618,589 | 99,942 | |||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,595 | -761 | 113 | 795 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,988 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -64,393 | -761 | 113 | 795 |
palmerston precinct practice limited Credit Report and Business Information
Palmerston Precinct Practice Limited Competitor Analysis
Perform a competitor analysis for palmerston precinct practice limited by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in M26 area or any other competitors across 12 key performance metrics.
palmerston precinct practice limited Ownership
PALMERSTON PRECINCT PRACTICE LIMITED group structure
Palmerston Precinct Practice Limited has no subsidiary companies.
Ultimate parent company
CEP III PARTICIPATIONS SARL SICAR
#0067260
2 parents
PALMERSTON PRECINCT PRACTICE LIMITED
06412222
palmerston precinct practice limited directors
Palmerston Precinct Practice Limited currently has 3 directors. The longest serving directors include Mr Clifford Davies (May 2013) and Miss Krista Whitley (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Clifford Davies | 57 years | May 2013 | - | Director | |
| Miss Krista Whitley | 53 years | Jul 2017 | - | Director | |
| Mr Richard Storah | United Kingdom | 47 years | Apr 2019 | - | Director |
P&L
March 2023turnover
82.9k
-79%
operating profit
-36.2k
0%
gross margin
60.4%
+17.92%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
308.8k
-0.1%
total assets
818.6k
+0.5%
cash
0
0%
net assets
Total assets minus all liabilities
palmerston precinct practice limited company details
company number
06412222
Type
Private limited with Share Capital
industry
86230 - Dental practice activities
incorporation date
October 2007
age
17
incorporated
UK
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
europa house, europa trading estate, kearsley, manchester, M26 1GG
accountant
-
auditor
-
palmerston precinct practice 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 did not find charges/mortgages relating to palmerston precinct practice limited.
palmerston precinct practice limited Companies House Filings - See Documents
| date | description | view/download |
|---|
