pathway developments limited
pathway developments limited Company Information
Company Number
06604524
Next Accounts
Feb 2025
Industry
Construction of domestic buildings
Construction of utility projects for electricity and telecommunications
Shareholders
simon philpot
mark peter ruckwood
Group Structure
View All
Contact
Registered Address
milewood house hightown hill, ringwood, hampshire, BH24 3HE
pathway developments limited Estimated Valuation
Pomanda estimates the enterprise value of PATHWAY DEVELOPMENTS LIMITED at £115.1k based on a Turnover of £358.8k and 0.32x industry multiple (adjusted for size and gross margin).
pathway developments limited Estimated Valuation
Pomanda estimates the enterprise value of PATHWAY DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-571.2k and a 3.24x industry multiple (adjusted for size and gross margin).
pathway developments limited Estimated Valuation
Pomanda estimates the enterprise value of PATHWAY DEVELOPMENTS LIMITED at £0 based on Net Assets of £-2.5m and 1.69x industry multiple (adjusted for liquidity).
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Pathway Developments Limited Overview
Pathway Developments Limited is a live company located in hampshire, BH24 3HE with a Companies House number of 06604524. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in May 2008, it's largest shareholder is simon philpot with a 51% stake. Pathway Developments Limited is a established, micro sized company, Pomanda has estimated its turnover at £358.8k with declining growth in recent years.
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Pathway Developments Limited Health Check
Pomanda's financial health check has awarded Pathway Developments Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
7 Weak
Size
annual sales of £358.8k, make it smaller than the average company (£5.6m)
- Pathway Developments Limited
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -39%, show it is growing at a slower rate (6%)
- Pathway Developments Limited
6% - Industry AVG
Production
with a gross margin of 20.1%, this company has a comparable cost of product (20.1%)
- Pathway Developments Limited
20.1% - Industry AVG
Profitability
an operating margin of -159.8% make it less profitable than the average company (6.6%)
- Pathway Developments Limited
6.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (28)
2 - Pathway Developments Limited
28 - Industry AVG
Pay Structure
on an average salary of £49.1k, the company has an equivalent pay structure (£49.1k)
- Pathway Developments Limited
£49.1k - Industry AVG
Efficiency
resulting in sales per employee of £179.4k, this is less efficient (£248.5k)
- Pathway Developments Limited
£248.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Pathway Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (36 days)
- Pathway Developments Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (75 days)
- Pathway Developments Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (18 weeks)
0 weeks - Pathway Developments Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 184.1%, this is a higher level of debt than the average (75.9%)
184.1% - Pathway Developments Limited
75.9% - Industry AVG
PATHWAY DEVELOPMENTS LIMITED financials
Pathway Developments Limited's latest turnover from May 2023 is estimated at £358.8 thousand and the company has net assets of -£2.5 million. According to their latest financial statements, Pathway Developments Limited has 2 employees and maintains cash reserves of £8.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | ||||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | ||||||||||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | ||||||||||||||
| Tax | ||||||||||||||
| Profit After Tax | ||||||||||||||
| Dividends Paid | ||||||||||||||
| Retained Profit | ||||||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | ||||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 6,818 | 9,091 | 12,122 | 16,163 | 21,550 | 28,733 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 9 | 9 | 9 | 10 | 9 | 5 | 5 | 5 | 3 | 3 | 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 | 6,827 | 9,100 | 12,131 | 16,173 | 21,559 | 28,738 | 5 | 5 | 3 | 3 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 4,571 | 340,669 | 334,302 | 2,779,079 | 3,432,110 | 2,321,126 | 1,204,729 | 1,376,468 | 531,685 | 3,092,867 | 66,378 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 1,044,666 | 1,008,241 | 1,459,548 | 1,987,163 | 2,998,386 | 589,668 | 3,536 | 0 | 0 | 0 |
| Group Debtors | 2,694,380 | 4,811,453 | 4,365,988 | 4,786,641 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 202,135 | 70,500 | 114,816 | 15,864 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 8,373 | 3,219 | 397,803 | 2,812 | 63,206 | 126,318 | 6,995 | 376,129 | 9,299 | 248,057 | 2,212 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,909,459 | 5,225,841 | 5,212,909 | 7,584,396 | 4,539,982 | 3,455,685 | 2,671,272 | 3,739,760 | 3,539,370 | 3,930,592 | 72,126 | 0 | 0 | 0 |
| total assets | 2,916,286 | 5,234,941 | 5,225,040 | 7,600,569 | 4,561,541 | 3,484,423 | 2,671,277 | 3,739,765 | 3,539,373 | 3,930,595 | 72,126 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 41,979 | 2,441 | 8,455 | 1,126 | 4,764,099 | 3,475,309 | 2,993,506 | 4,076,739 | 3,840,712 | 4,096,945 | 72,061 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,025,308 | 1,885,445 | 1,878,523 | 266,102 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 4,302,950 | 5,227,812 | 4,948,425 | 8,107,641 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 5,370,237 | 7,115,698 | 6,835,403 | 8,374,884 | 4,764,099 | 3,475,309 | 2,993,506 | 4,076,739 | 3,840,712 | 4,096,945 | 72,061 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 5,370,237 | 7,115,698 | 6,835,403 | 8,374,884 | 4,764,099 | 3,475,309 | 2,993,506 | 4,076,739 | 3,840,712 | 4,096,945 | 72,061 | 0 | 0 | 0 |
| net assets | -2,453,951 | -1,880,757 | -1,610,363 | -774,315 | -202,558 | 9,114 | -322,229 | -336,974 | -301,339 | -166,350 | 65 | 0 | 0 | 0 |
| total shareholders funds | -2,453,951 | -1,880,757 | -1,610,363 | -774,315 | -202,558 | 9,114 | -322,229 | -336,974 | -301,339 | -166,350 | 65 | 0 | 0 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 2,273 | 3,031 | 4,041 | 5,388 | 7,183 | 9,578 | 0 | 0 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||||||||
| Stock | -336,098 | 6,367 | -2,444,777 | -653,031 | 1,110,984 | 1,116,397 | -171,739 | 844,783 | -2,561,182 | 3,026,489 | 66,378 | 0 | 0 | 0 |
| Debtors | -1,985,438 | 401,149 | -321,701 | 3,757,839 | 36,425 | -451,307 | -527,615 | -1,011,223 | 2,408,718 | 586,132 | 3,536 | 0 | 0 | 0 |
| Creditors | 39,538 | -6,014 | 7,329 | -4,762,973 | 1,288,790 | 481,803 | -1,083,233 | 236,027 | -256,233 | 4,024,884 | 72,061 | 0 | 0 | 0 |
| Accruals and Deferred Income | -924,862 | 279,387 | -3,159,216 | 8,107,641 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | -1 | 1 | 4 | 0 | 0 | 2 | 0 | 3 | 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 | -860,137 | 6,922 | 1,612,421 | 266,102 | 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 | 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 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 5,154 | -394,584 | 394,991 | -60,394 | -63,112 | 119,323 | -369,134 | 366,830 | -238,758 | 245,845 | 2,212 | 0 | 0 | 0 |
| overdraft | 0 | 0 | -15 | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 5,154 | -394,584 | 395,006 | -60,409 | -63,112 | 119,323 | -369,134 | 366,830 | -238,758 | 245,845 | 2,212 | 0 | 0 | 0 |
pathway developments limited Credit Report and Business Information
Pathway Developments Limited Competitor Analysis
Perform a competitor analysis for pathway developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in BH24 area or any other competitors across 12 key performance metrics.
pathway developments limited Ownership
PATHWAY DEVELOPMENTS LIMITED group structure
Pathway Developments Limited has 9 subsidiary companies.
Ultimate parent company
PATHWAY DEVELOPMENTS LIMITED
06604524
9 subsidiaries
pathway developments limited directors
Pathway Developments Limited currently has 2 directors. The longest serving directors include Mr Simon Philpot (May 2008) and Mr Mark Ruckwood (Jul 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Philpot | 58 years | May 2008 | - | Director | |
| Mr Mark Ruckwood | United Kingdom | 57 years | Jul 2012 | - | Director |
P&L
May 2023turnover
358.8k
+2%
operating profit
-573.5k
0%
gross margin
20.2%
-1.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-2.5m
+0.3%
total assets
2.9m
-0.44%
cash
8.4k
+1.6%
net assets
Total assets minus all liabilities
pathway developments limited company details
company number
06604524
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
42220 - Construction of utility projects for electricity and telecommunications
41201 - Construction of commercial buildings
incorporation date
May 2008
age
16
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
philpots limited (August 2012)
accountant
MENZIES LLP
auditor
-
address
milewood house hightown hill, ringwood, hampshire, BH24 3HE
Bank
-
Legal Advisor
-
pathway developments 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 2 charges/mortgages relating to pathway developments limited. Currently there are 1 open charges and 1 have been satisfied in the past.
pathway developments limited Companies House Filings - See Documents
| date | description | view/download |
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