Parkway Mortgages Limited

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parkway mortgages limited Company Information

Company Number

06748364

Next Accounts

Aug 2025

Directors

Jamie Watts

Kevin Gillett

Shareholders

kevin gillett

jamie watts

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Group Structure

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Industry

Activities of insurance agents and brokers

Registered Address

78 castle lane west, bournemouth, dorset, BH9 3JU

Website

parkwayfs.com

parkway mortgages limited Estimated Valuation

£202.1k

Pomanda estimates the enterprise value of PARKWAY MORTGAGES LIMITED at £202.1k based on a Turnover of £254.6k and 0.79x industry multiple (adjusted for size and gross margin).

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Parkway Mortgages Limited is a live company located in dorset, BH9 3JU with a Companies House number of 06748364. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in November 2008, it's largest shareholder is kevin gillett with a 41% stake. Parkway Mortgages Limited is a established, micro sized company, Pomanda has estimated its turnover at £254.6k with rapid growth in recent years.

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Pomanda's financial health check has awarded Parkway Mortgages 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

Health Rating1.5out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £254.6k, make it smaller than the average company (£2.7m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (6%)

EXPORT

Parkway Mortgages Limited's latest turnover from November 2023 is estimated at £254.6 thousand and the company has net assets of -£86.7 thousand. According to their latest financial statements, Parkway Mortgages Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	254,590	326,586	163,870	115,111	162,879	223,951	346,359	365,830	77,615	45,424	20,764	18,553	933	2,223	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	99,545	121,684	67,621	46,128	76,753	89,456	162,331	154,228	36,907	22,038	11,031	9,670	526	1,174	0
Gross Profit	155,045	204,902	96,249	68,983	86,126	134,495	184,028	211,602	40,708	23,386	9,734	8,883	407	1,049	0
Admin Expenses	160,178	213,862	114,202	31,067	69,558	181,919	182,125	212,205	40,678	23,175	9,480	8,790	1,562	-1,542	531
Operating Profit	-5,133	-8,960	-17,953	37,916	16,568	-47,424	1,903	-603	30	211	254	93	-1,155	2,591	-531
Interest Payable	12,678	11,453	8,234	8,193	8,733	6,144	1,610	0	0	0	0	0	0	0	0
Interest Receivable	0	161	9	6	17	47	61	57	97	62	66	24	8	6	5
Pre-Tax Profit	-17,811	-20,252	-26,178	29,728	7,852	-53,521	354	-546	126	272	319	117	-1,147	2,597	-526
Tax	0	0	0	-5,648	-1,492	0	-67	0	-25	-57	-73	-28	0	-727	0
Profit After Tax	-17,811	-20,252	-26,178	24,080	6,360	-53,521	287	-546	101	215	246	89	-1,147	1,870	-526
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-17,811	-20,252	-26,178	24,080	6,360	-53,521	287	-546	101	215	246	89	-1,147	1,870	-526
Employee Costs	146,036	196,433	148,238	96,528	139,452	219,843	348,821	384,750	42,483	40,261	40,296	39,533	39,527	39,472	0
Number Of Employees	3	4	3	2	3	5	8	9	1	1	1	1	1	1	0
EBITDA*	-5,133	-8,197	-17,158	38,698	17,444	-46,257	1,903	1,471	2,243	3,032	3,174	93	962	5,147	-531

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	1,717	2,290	3,053	2,848	2,623	3,499	4,666	6,222	7,097	8,461	8,760	7,153	6,350	7,669	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	1,717	2,290	3,053	2,848	2,623	3,499	4,666	6,222	7,097	8,461	8,760	7,153	6,350	7,669	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	172,035	228,124	35,226	26,371	33,969	15,871	21,185	10,602	41,933	28,805	12,740	11,885	452	1,420	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	167,964	226,739	163,208	167,868	125,229	80,118	0	0	0	0	0	0	1,295
Cash	0	0	10,734	7,355	4,601	0	12,627	11,699	33,689	4,939	19,664	6,598	2,855	526	1,849
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	172,035	228,124	213,924	260,465	201,778	183,739	159,041	102,419	75,622	33,744	32,404	18,483	3,307	1,946	3,144
total assets	173,752	230,414	216,977	263,313	204,401	187,238	163,707	108,641	82,719	42,205	41,164	25,636	9,657	9,615	3,144
Bank overdraft	0	0	39,059	26,183	37,415	21,024	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	0
Trade Creditors	157,060	164,194	0	0	0	0	0	0	60,396	41,358	40,532	25,250	9,360	8,171	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,570
other short term finances	0	0	32,648	32,648	32,648	29,558	13,821	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	0
other current liabilities	0	0	137,363	142,788	124,119	106,891	112,605	81,261	0	0	0	0	0	0	0
total current liabilities	157,060	164,194	209,070	201,619	194,182	157,473	126,426	81,261	60,396	41,358	40,532	25,250	9,360	8,171	3,570
loans	98,476	126,917	55,897	83,545	56,193	81,932	35,705	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	0
Accruals and Deferred Income	4,949	7,790	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	26,978	21,375	0	0	0	0	0	0
provisions	0	435	580	541	498	665	887	0	0	0	0	0	0	0	0
total long term liabilities	103,425	135,142	56,477	84,086	56,691	82,597	36,592	26,978	21,375	0	0	0	0	0	0
total liabilities	260,485	299,336	265,547	285,705	250,873	240,070	163,018	108,239	81,771	41,358	40,532	25,250	9,360	8,171	3,570
net assets	-86,733	-68,922	-48,570	-22,392	-46,472	-52,832	689	402	948	847	632	386	297	1,444	-426
total shareholders funds	-86,733	-68,922	-48,570	-22,392	-46,472	-52,832	689	402	948	847	632	386	297	1,444	-426

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-5,133	-8,960	-17,953	37,916	16,568	-47,424	1,903	-603	30	211	254	93	-1,155	2,591	-531
Depreciation	0	763	795	782	876	1,167	0	2,074	2,213	2,821	2,920	0	2,117	2,556	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-5,648	-1,492	0	-67	0	-25	-57	-73	-28	0	-727	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-56,089	24,934	-49,920	55,933	13,438	37,325	55,694	48,787	13,128	16,065	855	11,433	-968	125	1,295
Creditors	-7,134	164,194	0	0	0	0	0	-60,396	19,038	826	15,282	15,890	1,189	8,171	0
Accruals and Deferred Income	-2,841	-129,573	-5,425	18,669	17,228	-5,714	31,344	81,261	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-435	-145	39	43	-167	-222	887	0	0	0	0	0	0	0	0
Cash flow from operations	40,546	1,345	27,376	-4,171	19,575	-89,518	-21,627	-26,451	8,128	-12,264	17,528	4,522	3,119	12,466	-1,826
Investing Activities
capital expenditure	573	0	-1,000	-1,007	0	0	1,556	-1,199	-849	-2,522	-4,527	-803	-798	-10,225	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	573	0	-1,000	-1,007	0	0	1,556	-1,199	-849	-2,522	-4,527	-803	-798	-10,225	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	-3,570	3,570
Other Short Term Loans	0	-32,648	0	0	3,090	15,737	13,821	0	0	0	0	0	0	0	0
Long term loans	-28,441	71,020	-27,648	27,352	-25,739	46,227	35,705	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	0
other long term liabilities	0	0	0	0	0	0	-26,978	5,603	21,375	0	0	0	0	0	0
share issue	0	-100	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-12,678	-11,292	-8,225	-8,187	-8,716	-6,097	-1,549	57	97	62	66	24	8	6	5
cash flow from financing	-41,119	26,980	-35,873	19,165	-31,365	55,867	20,999	5,660	21,472	62	66	24	8	-3,564	3,675
cash and cash equivalents
cash	0	-10,734	3,379	2,754	4,601	-12,627	928	-21,990	28,750	-14,725	13,066	3,743	2,329	-1,323	1,849
overdraft	0	-39,059	12,876	-11,232	16,391	21,024	0	0	0	0	0	0	0	0	0
change in cash	0	28,325	-9,497	13,986	-11,790	-33,651	928	-21,990	28,750	-14,725	13,066	3,743	2,329	-1,323	1,849

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PARKWAY MORTGAGES LIMITED group structure

Parkway Mortgages Limited has no subsidiary companies.

Ultimate parent company

PARKWAY MORTGAGES LIMITED

06748364

PARKWAY MORTGAGES LIMITED Shareholders

kevin gillett	41%
jamie watts	41%
rebecca gillett	9%
diana logan-watts	9%

Parkway Mortgages Limited currently has 2 directors. The longest serving directors include Mr Jamie Watts (Nov 2008) and Mr Kevin Gillett (Apr 2020).

officer	country	age	start	end	role
Mr Jamie Watts	England	48 years	Nov 2008	-	Director
Mr Kevin Gillett	England	50 years	Apr 2020	-	Director

P&L

November 2023

turnover

254.6k

-22%

operating profit

-5.1k

gross margin

60.9%

-2.93%

turnover

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

Balance Sheet

November 2023

net assets

-86.7k

+0.26%

total assets

173.8k

-0.25%

cash

net assets

Total assets minus all liabilities

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company number

06748364

Type

Private limited with Share Capital

industry

66220 - Activities of insurance agents and brokers

incorporation date

November 2008

ultimate parent company

None

previous names

N/A

address

78 castle lane west, bournemouth, dorset, BH9 3JU

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.

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parkway mortgages limited Company Information

parkway mortgages limited Estimated Valuation

parkway mortgages limited Estimated Valuation

parkway mortgages limited Estimated Valuation

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