palmer & harvey (holdings) plc
palmer & harvey (holdings) plc Company Information
Company Number
06470058
Next Accounts
Mar 2025
Shareholders
undisclosed
elian employee benefit trustee limited
View AllGroup Structure
View All
Industry
Activities of head offices
+1Registered Address
central house 8th floor, 29 wellington street, leeds, west yorkshire, LS1 4DL
Website
www.palmerharvey.co.ukpalmer & harvey (holdings) plc Estimated Valuation
Pomanda estimates the enterprise value of PALMER & HARVEY (HOLDINGS) PLC at £2.3b based on a Turnover of £4.4b and 0.52x industry multiple (adjusted for size and gross margin).
palmer & harvey (holdings) plc Estimated Valuation
Pomanda estimates the enterprise value of PALMER & HARVEY (HOLDINGS) PLC at £54.1m based on an EBITDA of £10.7m and a 5.05x industry multiple (adjusted for size and gross margin).
palmer & harvey (holdings) plc Estimated Valuation
Pomanda estimates the enterprise value of PALMER & HARVEY (HOLDINGS) PLC at £0 based on Net Assets of £-48.3m and 2.36x industry multiple (adjusted for liquidity).
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Palmer & Harvey (holdings) Plc Overview
Palmer & Harvey (holdings) Plc is a dissolved company that was located in leeds, LS1 4DL with a Companies House number of 06470058. It operated in the activities of head offices sector, SIC Code 70100. Founded in January 2008, it's largest shareholder was undisclosed with a 80.2% stake. The last turnover for Palmer & Harvey (holdings) Plc was estimated at £4.4b.
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Palmer & Harvey (holdings) Plc Health Check
Pomanda's financial health check has awarded Palmer & Harvey (Holdings) Plc a 4 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 5 areas for improvement. Company Health Check FAQs
7 Strong
0 Regular
5 Weak
Size
annual sales of £4.4b, make it larger than the average company (£12.8m)
£4.4b - Palmer & Harvey (holdings) Plc
£12.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.9%)
2% - Palmer & Harvey (holdings) Plc
3.9% - Industry AVG
Production
with a gross margin of 4.8%, this company has a higher cost of product (30.4%)
4.8% - Palmer & Harvey (holdings) Plc
30.4% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (4.8%)
0% - Palmer & Harvey (holdings) Plc
4.8% - Industry AVG
Employees
with 4473 employees, this is above the industry average (79)
4473 - Palmer & Harvey (holdings) Plc
79 - Industry AVG
Pay Structure
on an average salary of £23.4k, the company has a lower pay structure (£35.1k)
£23.4k - Palmer & Harvey (holdings) Plc
£35.1k - Industry AVG
Efficiency
resulting in sales per employee of £991.5k, this is more efficient (£220.7k)
£991.5k - Palmer & Harvey (holdings) Plc
£220.7k - Industry AVG
Debtor Days
it gets paid by customers after 30 days, this is earlier than average (53 days)
30 days - Palmer & Harvey (holdings) Plc
53 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (44 days)
53 days - Palmer & Harvey (holdings) Plc
44 days - Industry AVG
Stock Days
it holds stock equivalent to 23 days, this is less than average (52 days)
23 days - Palmer & Harvey (holdings) Plc
52 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (11 weeks)
0 weeks - Palmer & Harvey (holdings) Plc
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 104.4%, this is a higher level of debt than the average (59.4%)
104.4% - Palmer & Harvey (holdings) Plc
59.4% - Industry AVG
PALMER & HARVEY (HOLDINGS) PLC financials
Palmer & Harvey (Holdings) Plc's latest turnover from April 2016 is £4.4 billion and the company has net assets of -£48.3 million. According to their latest financial statements, Palmer & Harvey (Holdings) Plc has 4,473 employees and maintains cash reserves of £300 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Turnover | 4,435,100,000 | 4,465,500,000 | 4,197,000,000 | 4,222,400,000 | 4,227,500,000 | 4,031,600,000 | 4,235,596,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 4,223,700,000 | 4,254,200,000 | 4,005,400,000 | 4,032,600,000 | 4,048,300,000 | 3,852,000,000 | 4,057,149,000 |
| Gross Profit | 211,400,000 | 211,300,000 | 191,600,000 | 189,800,000 | 179,200,000 | 179,600,000 | 178,447,000 |
| Admin Expenses | 209,800,000 | 201,100,000 | 175,400,000 | 170,700,000 | 157,900,000 | 153,600,000 | 157,564,000 |
| Operating Profit | 1,600,000 | 10,200,000 | 16,200,000 | 19,100,000 | 21,300,000 | 26,000,000 | 20,883,000 |
| Interest Payable | 19,200,000 | 18,400,000 | 18,400,000 | 19,600,000 | 18,600,000 | 22,600,000 | 22,209,000 |
| Interest Receivable | 300,000 | 300,000 | 900,000 | 4,200,000 | 1,200,000 | 1,400,000 | 1,896,000 |
| Pre-Tax Profit | -17,300,000 | -8,500,000 | -1,300,000 | 3,700,000 | 4,900,000 | 5,800,000 | 227,000 |
| Tax | 900,000 | 100,000 | -2,000,000 | -2,700,000 | -6,100,000 | -6,800,000 | -3,537,000 |
| Profit After Tax | -16,400,000 | -8,400,000 | -3,300,000 | 1,000,000 | -1,200,000 | -1,000,000 | -3,310,000 |
| Dividends Paid | |||||||
| Retained Profit | -16,400,000 | -8,400,000 | -3,300,000 | 1,000,000 | -1,200,000 | -1,000,000 | -3,310,000 |
| Employee Costs | 104,700,000 | 103,300,000 | 90,500,000 | 85,500,000 | 77,800,000 | 76,500,000 | 81,086,000 |
| Number Of Employees | 4,473 | 4,330 | 3,706 | 3,542 | 1 | 3,255 | 3,480 |
| EBITDA* | 10,700,000 | 18,700,000 | 24,900,000 | 27,100,000 | 37,400,000 | 41,200,000 | 35,663,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 32,700,000 | 33,100,000 | 30,000,000 | 37,700,000 | 34,400,000 | 32,200,000 | 30,963,000 |
| Intangible Assets | 336,400,000 | 333,700,000 | 329,900,000 | 328,300,000 | 322,900,000 | 332,100,000 | 341,033,000 |
| Investments & Other | 23,000 | ||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 369,100,000 | 366,800,000 | 359,900,000 | 366,000,000 | 357,300,000 | 364,300,000 | 372,019,000 |
| Stock & work in progress | 275,400,000 | 418,200,000 | 418,100,000 | 398,100,000 | 330,700,000 | 267,800,000 | 303,427,000 |
| Trade Debtors | 375,800,000 | 376,700,000 | 335,300,000 | 375,300,000 | 187,700,000 | 295,800,000 | 302,753,000 |
| Group Debtors | |||||||
| Misc Debtors | 28,600,000 | 24,800,000 | 44,900,000 | 29,500,000 | 44,800,000 | 27,300,000 | 24,759,000 |
| Cash | 300,000 | 1,800,000 | 400,000 | 200,000 | 83,700,000 | 89,200,000 | 91,187,000 |
| misc current assets | 44,700,000 | 51,800,000 | 56,800,000 | 56,500,000 | |||
| total current assets | 724,800,000 | 873,300,000 | 855,500,000 | 859,600,000 | 646,900,000 | 680,100,000 | 722,126,000 |
| total assets | 1,093,900,000 | 1,240,100,000 | 1,215,400,000 | 1,225,600,000 | 1,004,200,000 | 1,044,400,000 | 1,094,145,000 |
| Bank overdraft | 278,900,000 | 321,800,000 | 38,000,000 | 178,200,000 | 117,513,000 | ||
| Bank loan | 289,800,000 | 270,200,000 | |||||
| Trade Creditors | 623,700,000 | 775,400,000 | 783,200,000 | 749,500,000 | 725,400,000 | 613,400,000 | 710,462,000 |
| Group/Directors Accounts | |||||||
| other short term finances | 44,200,000 | 51,800,000 | 83,400,000 | 89,100,000 | 90,913,000 | ||
| hp & lease commitments | |||||||
| other current liabilities | 37,700,000 | 25,400,000 | 25,800,000 | 21,600,000 | 21,700,000 | 18,400,000 | 16,457,000 |
| total current liabilities | 995,400,000 | 1,122,800,000 | 1,087,900,000 | 1,092,900,000 | 868,500,000 | 899,100,000 | 935,345,000 |
| loans | 141,500,000 | 141,500,000 | 283,200,000 | 283,400,000 | 141,700,000 | 146,000,000 | 156,276,000 |
| hp & lease commitments | |||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 5,300,000 | 10,500,000 | 13,900,000 | 13,500,000 | |||
| provisions | 1,300,000 | 1,400,000 | 1,635,000 | ||||
| total long term liabilities | 146,800,000 | 152,000,000 | 155,500,000 | 155,200,000 | 150,300,000 | 155,200,000 | 168,709,000 |
| total liabilities | 1,142,200,000 | 1,274,800,000 | 1,243,400,000 | 1,248,100,000 | 1,018,800,000 | 1,054,300,000 | 1,104,054,000 |
| net assets | -48,300,000 | -34,700,000 | -28,000,000 | -22,500,000 | -14,600,000 | -9,900,000 | -9,909,000 |
| total shareholders funds | -48,300,000 | -34,700,000 | -28,000,000 | -22,500,000 | -14,600,000 | -9,900,000 | -9,909,000 |
| Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 1,600,000 | 10,200,000 | 16,200,000 | 19,100,000 | 21,300,000 | 26,000,000 | 20,883,000 |
| Depreciation | 7,000,000 | 6,900,000 | 7,500,000 | 7,300,000 | 6,900,000 | 6,200,000 | 5,798,000 |
| Amortisation | 2,100,000 | 1,600,000 | 1,200,000 | 700,000 | 9,200,000 | 9,000,000 | 8,982,000 |
| Tax | 900,000 | 100,000 | -2,000,000 | -2,700,000 | -6,100,000 | -6,800,000 | -3,537,000 |
| Stock | -142,800,000 | 100,000 | 20,000,000 | 67,400,000 | 62,900,000 | -35,627,000 | 303,427,000 |
| Debtors | 2,900,000 | 21,300,000 | -24,600,000 | 172,300,000 | -90,600,000 | -4,412,000 | 327,512,000 |
| Creditors | -151,700,000 | -7,800,000 | 33,700,000 | 24,100,000 | 112,000,000 | -97,062,000 | 710,462,000 |
| Accruals and Deferred Income | 12,300,000 | -400,000 | 4,200,000 | -100,000 | 3,300,000 | 1,943,000 | 16,457,000 |
| Deferred Taxes & Provisions | -1,300,000 | -100,000 | -235,000 | 1,635,000 | |||
| Cash flow from operations | 12,100,000 | -10,800,000 | 65,400,000 | -192,600,000 | 174,200,000 | -20,915,000 | 129,741,000 |
| Investing Activities | |||||||
| capital expenditure | -8,500,000 | -7,400,000 | -7,628,000 | ||||
| Change in Investments | -23,000 | 23,000 | |||||
| cash flow from investments | -8,500,000 | -7,377,000 | -7,651,000 | ||||
| Financing Activities | |||||||
| Bank loans | 19,600,000 | 270,200,000 | |||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -7,600,000 | 51,800,000 | -83,400,000 | -5,700,000 | -1,813,000 | 90,913,000 | |
| Long term loans | -141,700,000 | -200,000 | 141,700,000 | -4,300,000 | -10,276,000 | 156,276,000 | |
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | -5,200,000 | -3,400,000 | 400,000 | 13,500,000 | |||
| share issue | |||||||
| interest | -18,900,000 | -18,100,000 | -17,500,000 | -15,400,000 | -17,400,000 | -21,200,000 | -20,313,000 |
| cash flow from financing | -9,300,000 | 160,500,000 | -19,500,000 | 47,500,000 | -30,900,000 | -32,280,000 | 220,277,000 |
| cash and cash equivalents | |||||||
| cash | -1,500,000 | 1,400,000 | 200,000 | -83,500,000 | -5,500,000 | -1,987,000 | 91,187,000 |
| overdraft | -278,900,000 | -42,900,000 | 283,800,000 | -140,200,000 | 60,687,000 | 117,513,000 | |
| change in cash | -1,500,000 | 280,300,000 | 43,100,000 | -367,300,000 | 134,700,000 | -62,674,000 | -26,326,000 |
palmer & harvey (holdings) plc Credit Report and Business Information
Palmer & Harvey (holdings) Plc Competitor Analysis
Perform a competitor analysis for palmer & harvey (holdings) plc by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other undefined companies, companies in LS1 area or any other competitors across 12 key performance metrics.
palmer & harvey (holdings) plc Ownership
PALMER & HARVEY (HOLDINGS) PLC group structure
Palmer & Harvey (Holdings) Plc has 1 subsidiary company.
Ultimate parent company
PALMER & HARVEY (HOLDINGS) PLC
06470058
1 subsidiary
palmer & harvey (holdings) plc directors
Palmer & Harvey (Holdings) Plc currently has 6 directors. The longest serving directors include Mr Richard Grainger (Dec 2013) and Mr Alistair Darby (Jan 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Grainger | 64 years | Dec 2013 | - | Director | |
| Mr Alistair Darby | England | 58 years | Jan 2017 | - | Director |
| Mr Anthony Reed | England | 61 years | Apr 2017 | - | Director |
| Mr Andrew Leeser | 66 years | Apr 2017 | - | Director | |
| Mr Stephen Knight | United Kingdom | 62 years | Jun 2017 | - | Director |
| Mr Martin Healy | 62 years | Jun 2017 | - | Director |
P&L
April 2016turnover
4.4b
-1%
operating profit
1.6m
-84%
gross margin
4.8%
+0.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2016net assets
-48.3m
+0.39%
total assets
1.1b
-0.12%
cash
300k
-0.83%
net assets
Total assets minus all liabilities
Similar Companies
palmer & harvey (holdings) plc company details
company number
06470058
Type
Public limited with Share Capital
industry
70100 - Activities of head offices
46900 - Non-specialised wholesale trade
incorporation date
January 2008
age
17
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
April 2016
previous names
p & h topco plc (April 2008)
accountant
-
auditor
-
address
central house 8th floor, 29 wellington street, leeds, west yorkshire, LS1 4DL
Bank
BARCLAYS BANK PLC
Legal Advisor
-
palmer & harvey (holdings) plc 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 palmer & harvey (holdings) plc.
palmer & harvey (holdings) plc Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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palmer & harvey (holdings) plc Companies House Filings - See Documents
| date | description | view/download |
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