Grant Palmer Limited

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grant palmer limited Company Information

Live

EstablishedMidRapid

Company Number

07183222

Website

www.grantpalmer.com

Registered Address

c/o grant palmer ltd unit 2c, commerce way, flitwick, bedfordshire, MK45 5BP

Industry

Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems

Telephone

01525719719

Next Accounts Due

16 days late

Group Structure

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Directors

Grant Palmer14 Years

David Shelley8 Years

Shareholders

grant palmer (holdings) ltd 100%

grant palmer limited Estimated Valuation

£7.1m

Pomanda estimates the enterprise value of GRANT PALMER LIMITED at £7.1m based on Net Assets of £2.9m and 2.45x industry multiple (adjusted for liquidity).

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Grant Palmer Limited is a live company located in flitwick, MK45 5BP with a Companies House number of 07183222. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in March 2010, it's largest shareholder is grant palmer (holdings) ltd with a 100% stake. Grant Palmer Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Grant Palmer Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £12.1m, make it smaller than the average company (£23.3m)

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (-1.8%)

EXPORT

Grant Palmer Limited's latest turnover from August 2022 is estimated at £12.1 million and the company has net assets of £2.9 million. According to their latest financial statements, Grant Palmer Limited has 66 employees and maintains cash reserves of £3 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Turnover	12,074,123	6,206,159	3,268,912	5,016,107	6,650,870	6,415,381	5,420,979	7,398,991	6,100,510	8,655,832	7,662,600	6,191,860
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,051,648	8,108,132	3,109,455	4,822,291	6,169,043	5,887,951	4,896,282	6,608,705	5,494,217	8,081,414	7,001,858	5,717,914
Gross Profit	-1,977,526	-1,901,973	159,457	193,816	481,827	527,430	524,697	790,285	606,293	574,418	660,742	473,946
Admin Expenses	-2,971,480	-2,478,405	-292,620	-272,085	115,119	264,047	479,251	572,035	547,870	508,543	639,356	430,800
Operating Profit	993,954	576,432	452,077	465,901	366,708	263,383	45,446	218,250	58,423	65,875	21,386	43,146
Interest Payable	0	24,028	24,028	0	0	0	0	0	0	0	0	0
Interest Receivable	53,388	2,542	1,568	8,815	7,494	1,634	1,005	1,435	856	792	710	193
Pre-Tax Profit	1,047,342	554,947	429,617	474,716	374,202	265,017	46,451	219,685	59,280	66,668	22,096	43,339
Tax	-198,995	-105,440	-81,627	-90,196	-71,098	-50,353	-9,290	-43,937	-12,449	-15,334	-5,303	-11,268
Profit After Tax	848,347	449,507	347,990	384,520	303,104	214,664	37,161	175,748	46,831	51,334	16,793	32,071
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	848,347	449,507	347,990	384,520	303,104	214,664	37,161	175,748	46,831	51,334	16,793	32,071
Employee Costs	2,101,393	2,056,281	2,233,863	2,577,827	2,886,458	2,719,837	2,225,823	3,163,308	2,575,817	3,672,883	3,454,306	2,767,930
Number Of Employees	66	70	74	86	102	98	83	118	99	144	136	111
EBITDA*	1,351,319	917,619	712,447	725,012	631,640	499,515	212,506	350,682	257,917	278,604	216,542	92,110

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Tangible Assets	1,626,010	1,416,033	1,270,764	999,040	951,765	860,108	740,471	646,229	697,619	802,455	875,966	489,288
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	428,684	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
Total Fixed Assets	2,054,694	1,416,033	1,270,764	999,040	951,765	860,108	740,471	646,229	697,619	802,455	875,966	489,288
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,494,391	331,062	266,988	302,842	239,847	264,686	225,935	214,939	204,834	276,425	160,219	180,560
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	94,108	81,750	152,911	47,226	0	0	0	0	0	0	0	0
Cash	2,957,495	3,143,984	1,940,376	1,196,506	1,154,151	844,316	462,938	341,415	232,572	109,972	206,911	77,237
misc current assets	0	0	0	0	5,833	10,000	4,272	0	0	0	0	0
total current assets	4,545,994	3,556,796	2,360,275	1,546,574	1,399,831	1,119,002	693,145	556,354	437,406	386,397	367,130	257,797
total assets	6,600,688	4,972,829	3,631,039	2,545,614	2,351,596	1,979,110	1,433,616	1,202,583	1,135,025	1,188,852	1,243,096	747,085
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,038,091	903,167	96,186	755,364	894,968	842,878	735,849	793,082	821,977	852,231	911,659	586,852
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	325,682	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	938,204	0	0	0	0	0	0	0	0	0
total current liabilities	1,038,091	903,167	1,360,072	755,364	894,968	842,878	735,849	793,082	821,977	852,231	911,659	586,852
loans	0	0	462,110	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	1,676,299	1,125,830	0	101,890	138,000	178,000	6,355	0	0	0	0	0
other liabilities	685,679	624,114	0	283,127	326,018	274,543	210,115	86,722	166,017	236,421	282,572	128,161
provisions	292,449	259,895	198,541	142,907	114,804	108,987	121,259	0	0	0	0	0
total long term liabilities	2,654,427	2,009,839	660,651	527,924	578,822	561,530	337,729	86,722	166,017	236,421	282,572	128,161
total liabilities	3,692,518	2,913,006	2,020,723	1,283,288	1,473,790	1,404,408	1,073,578	879,804	987,994	1,088,652	1,194,231	715,013
net assets	2,908,170	2,059,823	1,610,316	1,262,326	877,806	574,702	360,038	322,779	147,031	100,200	48,865	32,072
total shareholders funds	2,908,170	2,059,823	1,610,316	1,262,326	877,806	574,702	360,038	322,779	147,031	100,200	48,865	32,072

	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011
Operating Activities
Operating Profit	993,954	576,432	452,077	465,901	366,708	263,383	45,446	218,250	58,423	65,875	21,386	43,146
Depreciation	357,365	341,187	260,370	259,111	264,932	236,132	167,060	132,432	199,494	212,729	195,156	48,964
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-198,995	-105,440	-81,627	-90,196	-71,098	-50,353	-9,290	-43,937	-12,449	-15,334	-5,303	-11,268
Stock	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	1,175,687	-7,087	69,831	110,221	-24,839	38,751	10,996	10,105	-71,591	116,206	-20,341	180,560
Creditors	134,924	806,981	-659,178	-139,604	52,090	107,029	-57,233	-28,895	-30,254	-59,428	324,807	586,852
Accruals and Deferred Income	550,469	187,626	836,314	-36,110	-40,000	171,645	6,355	0	0	0	0	0
Deferred Taxes & Provisions	32,554	61,354	55,634	28,103	5,817	-12,272	121,259	0	0	0	0	0
Cash flow from operations	694,584	1,875,227	793,759	376,984	603,288	676,813	262,601	267,745	286,805	87,636	556,387	487,134
Investing Activities
capital expenditure	-567,342	-486,456	-532,094	-306,386	-356,589	-355,769	-261,302	-81,042	-94,658	-139,218	-581,834	-538,252
Change in Investments	428,684	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-996,026	-486,456	-532,094	-306,386	-356,589	-355,769	-261,302	-81,042	-94,658	-139,218	-581,834	-538,252
Financing Activities
Bank loans	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
Other Short Term Loans	0	-325,682	325,682	0	0	0	0	0	0	0	0	0
Long term loans	0	-462,110	462,110	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
other long term liabilities	61,565	624,114	-283,127	-42,891	51,475	64,428	123,393	-79,295	-70,404	-46,151	154,411	128,161
share issue	0	0	0	0	0	0	98	0	0	1	0	1
interest	53,388	-21,486	-22,460	8,815	7,494	1,634	1,005	1,435	856	792	710	193
cash flow from financing	114,953	-185,164	482,205	-34,076	58,969	66,062	124,496	-77,860	-69,548	-45,358	155,121	128,355
cash and cash equivalents
cash	-186,489	1,203,608	743,870	42,355	309,835	381,378	121,523	108,843	122,600	-96,939	129,674	77,237
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-186,489	1,203,608	743,870	42,355	309,835	381,378	121,523	108,843	122,600	-96,939	129,674	77,237

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRANT PALMER LIMITED group structure

Grant Palmer Limited has 1 subsidiary company.

Ultimate parent company

GRANT PALMER (HOLDINGS) LIMITED

14768230

1 parent

GRANT PALMER LIMITED

07183222

1 subsidiary

J.K DEVELOPMENTS (BIGGLESWADE) LTD

08500997

GRANT PALMER LIMITED Shareholders

grant palmer (holdings) ltd

100%

Grant Palmer Limited currently has 2 directors. The longest serving directors include Mr Grant Palmer (Mar 2010) and Mr David Shelley (Sep 2015).

officer	country	age	start	end	role
Mr Grant Palmer	United Kingdom	53 years	Mar 2010	-	Director
Mr David Shelley	United Kingdom	55 years	Sep 2015	-	Director

P&L

August 2022

turnover

12.1m

+95%

operating profit

994k

gross margin

-16.3%

-46.56%

turnover

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

Balance Sheet

August 2022

net assets

2.9m

+0.41%

total assets

6.6m

+0.33%

cash

-0.06%

net assets

Total assets minus all liabilities

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company number

07183222

Type

Private limited with Share Capital

industry

49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems

incorporation date

March 2010

age

accounts

Unaudited Abridged

ultimate parent company

GRANT PALMER (HOLDINGS) LIMITED

previous names

N/A

incorporated

address

c/o grant palmer ltd unit 2c, commerce way, flitwick, bedfordshire, MK45 5BP

last accounts submitted

August 2022

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 1 charges/mortgages relating to grant palmer limited. Currently there are 1 open charges and 0 have been satisfied in the past.

grant palmer limited Company Information

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grant palmer limited Estimated Valuation

grant palmer limited Estimated Valuation

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