Ig Palm Hotel Opco Limited

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SOLUTIONS

ig palm hotel opco limited Company Information

Company Number

06475698

Next Accounts

Sep 2025

Directors

Ilan Haim

Ben Edgar

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Shareholders

interland commercial properties limited

Group Structure

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Industry

Hotels and similar accommodation

Registered Address

interland group, 73 maygrove road, london, NW6 2EG

Website

www.palmhoteluk.com

ig palm hotel opco limited Estimated Valuation

£13.1m

Pomanda estimates the enterprise value of IG PALM HOTEL OPCO LIMITED at £13.1m based on an EBITDA of £2.8m and a 4.73x industry multiple (adjusted for size and gross margin).

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Ig Palm Hotel Opco Limited is a live company located in london, NW6 2EG with a Companies House number of 06475698. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in January 2008, it's largest shareholder is interland commercial properties limited with a 100% stake. Ig Palm Hotel Opco Limited is a established, small sized company, Pomanda has estimated its turnover at £3.8m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ig Palm Hotel Opco Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

2 Strong

4 Regular

5 Weak

Size

annual sales of £630.1k, make it smaller than the average company (£4.7m)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (1.6%)

EXPORT

Ig Palm Hotel Opco Limited's latest turnover from December 2023 is estimated at £3.8 million and the company has net assets of £3.4 million. According to their latest financial statements, Ig Palm Hotel Opco Limited has 9 employees and maintains cash reserves of £159.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	3,839,051	630,137	409,097	987,951	710,704	2,075,271	2,875,452	1,946,346	1,733,791	18,707,784	17,928,562	14,342,759	18,481,918	26,901,501	767,228
Other Income Or Grants
Cost Of Sales	1,377,610	228,998	170,600	493,556	283,920	808,812	1,118,475	741,205	672,463	7,188,416	7,232,938	5,781,614	7,451,478	10,400,154	299,646
Gross Profit	2,461,442	401,138	238,498	494,394	426,783	1,266,459	1,756,977	1,205,141	1,061,328	11,519,368	10,695,624	8,561,145	11,030,440	16,501,347	467,581
Admin Expenses	-303,224	-1,134,617	-677,859	332,994	371,925	902,511	1,625,118	955,203	785,657	11,587,536	10,709,757	8,798,860	11,043,476	16,554,309	519,949
Operating Profit	2,764,666	1,535,755	916,357	161,400	54,858	363,948	131,859	249,938	275,671	-68,168	-14,133	-237,715	-13,036	-52,962	-52,368
Interest Payable	3,891	3,929	1,462					249	259
Interest Receivable	24,181	17,633	4,032	363	350	2,482	1,707	687	1,742	1,602	1,069	940	424	330	242
Pre-Tax Profit	2,784,956	1,549,459	918,927	161,763	55,207	366,430	133,565	250,376	277,154	-66,566	-13,064	-236,775	-12,612	-52,632	-52,126
Tax	-696,239	-294,397	-174,596	-30,735	-10,489	-69,622	-25,377	-50,075	-55,431
Profit After Tax	2,088,717	1,255,062	744,331	131,028	44,718	296,808	108,188	200,301	221,723	-66,566	-13,064	-236,775	-12,612	-52,632	-52,126
Dividends Paid
Retained Profit	2,088,717	1,255,062	744,331	131,028	44,718	296,808	108,188	200,301	221,723	-66,566	-13,064	-236,775	-12,612	-52,632	-52,126
Employee Costs	220,896	200,194	179,155	300,634	251,076	804,250	1,108,051	669,216	569,450	6,299,927	6,037,001	4,771,931	6,166,246	9,249,778	268,305
Number Of Employees	9	9	9	16	13	43	62	39	34	394	392	315	406	604	18
EBITDA*	2,779,240	1,555,188	940,251	193,189	96,845	419,032	215,559	353,460	409,126	106,200	204,854	15,885	271,839	313,796	100,157

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	40,645	53,778	73,211	95,369	125,958	165,253	219,165	289,280	389,717	523,102	667,606	748,803	842,625	1,088,276	445,574
Intangible Assets													4,000	8,000	12,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	40,645	53,778	73,211	95,369	125,958	165,253	219,165	289,280	389,717	523,102	667,606	748,803	846,625	1,096,276	457,574
Stock & work in progress			5,136	7,985	6,446	6,044	10,018	7,728	7,371	9,386	8,682
Trade Debtors	192,919	18,196	13,463	29,484	21,267			57,841	57,190	678,108	667,916	471,894	613,493	917,954	11,066
Group Debtors	3,005,956	2,366,973	800,000	800,000	400,000	400,000									781,732
Misc Debtors	694,855	533,725	132,953	129,688	116,457	522,625	629,563	553,345	585,525
Cash	159,161	67,772	762,016	313,281	412,195	286,948	374,952	307,789	242,204	454,566	186,072	241,623	134,269	35,481	96,713
misc current assets
total current assets	4,052,891	2,986,666	1,713,568	1,280,438	956,365	1,215,617	1,014,533	926,703	892,290	1,142,060	862,670	713,517	747,762	953,435	889,511
total assets	4,093,536	3,040,444	1,786,779	1,375,807	1,082,323	1,380,870	1,233,698	1,215,983	1,282,007	1,665,162	1,530,276	1,462,320	1,594,387	2,049,711	1,347,085
Bank overdraft									7,981
Bank loan	10,000	10,763
Trade Creditors	51,935	24,174	30,807	102,594	12,741	285,187	456,441	380,336	135,820	2,098,935	1,897,483	1,816,463	1,711,755	2,154,467	1,187,687
Group/Directors Accounts	191,881	41,699													211,522
other short term finances			10,000
hp & lease commitments
other current liabilities	421,846	372,851	399,315	704,220	631,617	702,436	680,818	847,396	1,350,256
total current liabilities	675,662	449,487	440,122	806,814	644,358	987,623	1,137,259	1,227,732	1,494,057	2,098,935	1,897,483	1,816,463	1,711,755	2,154,467	1,399,209
loans	15,833	22,571	33,333
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	15,833	22,571	33,333
total liabilities	691,495	472,058	473,455	806,814	644,358	987,623	1,137,259	1,227,732	1,494,057	2,098,935	1,897,483	1,816,463	1,711,755	2,154,467	1,399,209
net assets	3,402,041	2,568,386	1,313,324	568,993	437,965	393,247	96,439	-11,749	-212,050	-433,773	-367,207	-354,143	-117,368	-104,756	-52,124
total shareholders funds	3,402,041	2,568,386	1,313,324	568,993	437,965	393,247	96,439	-11,749	-212,050	-433,773	-367,207	-354,143	-117,368	-104,756	-52,124

	Dec 2023	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	2,764,666	1,535,755	916,357	161,400	54,858	363,948	131,859	249,938	275,671	-68,168	-14,133	-237,715	-13,036	-52,962	-52,368
Depreciation	14,574	19,433	23,894	31,789	41,987	55,084	83,700	103,522	133,455	174,368	218,987	249,600	280,875	362,758	148,525
Amortisation												4,000	4,000	4,000	4,000
Tax	-696,239	-294,397	-174,596	-30,735	-10,489	-69,622	-25,377	-50,075	-55,431
Stock	-5,136	-5,136	-2,849	1,539	402	-3,974	2,290	357	-2,015	704	8,682
Debtors	2,947,314	1,972,478	-12,756	421,448	-384,901	293,062	18,377	-31,529	-35,393	10,192	196,022	-141,599	-304,461	125,156	792,798
Creditors	21,128	-6,633	-71,787	89,853	-272,446	-171,254	76,105	244,516	-1,963,115	201,452	81,020	104,708	-442,712	966,780	1,187,687
Accruals and Deferred Income	22,531	-26,464	-304,905	72,603	-70,819	21,618	-166,578	-502,860	1,350,256
Deferred Taxes & Provisions
Cash flow from operations	-815,518	-739,648	404,568	-98,077	127,590	-89,314	79,042	76,213	-221,756	296,756	81,170	262,192	133,588	1,155,420	495,046
Investing Activities
capital expenditure	17,992		-1,736	-1,200	-2,692	-1,172	-13,585	-3,085	-70	-29,864	-137,790	-155,778	-35,224	-1,005,460	-610,099
Change in Investments
cash flow from investments	17,992		-1,736	-1,200	-2,692	-1,172	-13,585	-3,085	-70	-29,864	-137,790	-155,778	-35,224	-1,005,460	-610,099
Financing Activities
Bank loans	10,000	10,763
Group/Directors Accounts	191,881	41,699												-211,522	211,522
Other Short Term Loans	-10,000	-10,000	10,000
Long term loans	-17,500	-10,762	33,333
Hire Purchase and Lease Commitments
other long term liabilities
share issue															2
interest	20,290	13,704	2,570	363	350	2,482	1,707	438	1,483	1,602	1,069	940	424	330	242
cash flow from financing	194,671	45,404	45,903	363	350	2,482	1,707	438	1,483	1,602	1,069	940	424	-211,192	211,766
cash and cash equivalents
cash	-602,855	-694,244	448,735	-98,914	125,247	-88,004	67,163	65,585	-212,362	268,494	-55,551	107,354	98,788	-61,232	96,713
overdraft								-7,981	7,981
change in cash	-602,855	-694,244	448,735	-98,914	125,247	-88,004	67,163	73,566	-220,343	268,494	-55,551	107,354	98,788	-61,232	96,713

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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IG PALM HOTEL OPCO LIMITED group structure

Ig Palm Hotel Opco Limited has no subsidiary companies.

Ultimate parent company

SOUTHDAWN MANAGEMENT LTD

#0147784

INTERLAND COMMERCIAL PROPERTIES LIMITED

14163474

2 parents

IG PALM HOTEL OPCO LIMITED

06475698

IG PALM HOTEL OPCO LIMITED Shareholders

interland commercial properties limited

100%

Ig Palm Hotel Opco Limited currently has 4 directors. The longest serving directors include Mr Ilan Haim (Sep 2021) and Mr Ben Edgar (Sep 2021).

officer	country	age	start	end	role
Mr Ilan Haim	United Kingdom	46 years	Sep 2021	-	Director
Mr Ben Edgar	England	40 years	Sep 2021	-	Director
Mr Ben Edgar	United Kingdom	40 years	Sep 2021	-	Director
Mr Ben Edgar	United Kingdom	40 years	Sep 2021	-	Director

P&L

December 2023

turnover

3.8m

+838%

operating profit

2.8m

gross margin

64.2%

+9.98%

turnover

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

Balance Sheet

December 2023

net assets

3.4m

+1.59%

total assets

4.1m

+1.29%

cash

159.2k

-0.79%

net assets

Total assets minus all liabilities

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company number

06475698

Type

Private limited with Share Capital

industry

55100 - Hotels and similar accommodation

incorporation date

January 2008

ultimate parent company

SOUTHDAWN MANAGEMENT LTD

previous names

palm hotel limited (September 2022)

address

interland group, 73 maygrove road, london, NW6 2EG

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ig palm hotel opco limited Company Information

ig palm hotel opco limited Estimated Valuation

ig palm hotel opco limited Estimated Valuation

ig palm hotel opco limited Estimated Valuation

Ig Palm Hotel Opco Limited Overview

Ig Palm Hotel Opco Limited Health Check

IG PALM HOTEL OPCO LIMITED financials

ig palm hotel opco limited Credit Report and Business Information

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