palm lakes ltd

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palm lakes ltd Company Information

Share PALM LAKES LTD

Company Number

08449959

Shareholders

allan solinsky

katalin solinsky

Group Structure

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Industry

Buying and selling of own real estate

 +2

Registered Address

81 darenth road, london, N16 6EB

palm lakes ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of PALM LAKES LTD at £2.4m based on a Turnover of £1.2m and 2.04x industry multiple (adjusted for size and gross margin).

palm lakes ltd Estimated Valuation

£240.6k

Pomanda estimates the enterprise value of PALM LAKES LTD at £240.6k based on an EBITDA of £51.3k and a 4.69x industry multiple (adjusted for size and gross margin).

palm lakes ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of PALM LAKES LTD at £1.1m based on Net Assets of £626.4k and 1.72x industry multiple (adjusted for liquidity).

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Palm Lakes Ltd Overview

Palm Lakes Ltd is a live company located in london, N16 6EB with a Companies House number of 08449959. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in March 2013, it's largest shareholder is allan solinsky with a 52% stake. Palm Lakes Ltd is a established, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.

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Palm Lakes Ltd Health Check

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

Health Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £1.2m, make it larger than the average company (£717.7k)

£1.2m - Palm Lakes Ltd

£717.7k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (5.1%)

52% - Palm Lakes Ltd

5.1% - Industry AVG

production

Production

with a gross margin of 24.3%, this company has a higher cost of product (71.5%)

24.3% - Palm Lakes Ltd

71.5% - Industry AVG

profitability

Profitability

an operating margin of 4.5% make it less profitable than the average company (20.1%)

4.5% - Palm Lakes Ltd

20.1% - Industry AVG

employees

Employees

with 4 employees, this is similar to the industry average (4)

4 - Palm Lakes Ltd

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)

£38.3k - Palm Lakes Ltd

£38.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £288.4k, this is more efficient (£160k)

£288.4k - Palm Lakes Ltd

£160k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 123 days, this is later than average (34 days)

123 days - Palm Lakes Ltd

34 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 1 days, this is quicker than average (32 days)

1 days - Palm Lakes Ltd

32 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Palm Lakes Ltd

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 164 weeks, this is more cash available to meet short term requirements (22 weeks)

164 weeks - Palm Lakes Ltd

22 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 40.5%, this is a lower level of debt than the average (63.3%)

40.5% - Palm Lakes Ltd

63.3% - Industry AVG

PALM LAKES LTD financials

EXPORTms excel logo

Palm Lakes Ltd's latest turnover from May 2024 is estimated at £1.2 million and the company has net assets of £626.4 thousand. According to their latest financial statements, we estimate that Palm Lakes Ltd has 4 employees and maintains cash reserves of £10.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Turnover1,153,688901,494603,850328,424359,364366,59953,31548,93671,86595,482114,485
Other Income Or Grants
Cost Of Sales873,567682,960457,088257,459278,391277,14039,79036,14654,17675,00391,322
Gross Profit280,120218,535146,76270,96580,97389,45913,52512,79017,68920,47923,163
Admin Expenses228,773175,017129,23270,37669,50183,180-1,4883,16913,65111,96621,652
Operating Profit51,34743,51817,53058911,4726,27915,0139,6214,0388,5131,511
Interest Payable47,14135,5679,3294884,6744,902
Interest Receivable1,8671,4875014167439811
Pre-Tax Profit6,0739,4398,2521156,8141,45115,0529,6284,0398,5141,511
Tax-1,518-2,360-1,568-22-1,295-276-2,860-1,829-808-1,703-317
Profit After Tax4,5557,0796,684935,5191,17512,1927,7993,2316,8111,194
Dividends Paid
Retained Profit4,5557,0796,684935,5191,17512,1927,7993,2316,8111,194
Employee Costs153,347107,10669,60865,65067,40566,76331,68930,70533,25831,54532,188
Number Of Employees43222211111
EBITDA*51,34743,51817,53058911,4726,27915,0139,6214,0388,5131,511

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Tangible Assets
Intangible Assets
Investments & Other650,000650,000380,000380,000380,000380,000380,000380,000380,000380,00080,000
Debtors (Due After 1 year)
Total Fixed Assets650,000650,000380,000380,000380,000380,000380,000380,000380,000380,00080,000
Stock & work in progress
Trade Debtors391,436343,437234,437111,100111,100134,10012,300
Group Debtors
Misc Debtors
Cash10,70360,4345,6764,41822,73410,2179,5926,007100100100
misc current assets
total current assets402,139403,871240,113115,518133,834144,31721,8926,007100100100
total assets1,052,1391,053,871620,113495,518513,834524,317401,892386,007380,100380,10080,100
Bank overdraft
Bank loan
Trade Creditors 3,3788,38710,378149,404167,81346,55670,56566,87268,76471,99578,806
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities3,3788,38710,378149,404167,81346,55670,56566,87268,76471,99578,806
loans419,129418,941258,5298,0008,000145,259
hp & lease commitments
Accruals and Deferred Income
other liabilities3,2004,6666,408
provisions
total long term liabilities422,329423,607264,9378,0008,000145,259
total liabilities425,707431,994275,315157,404175,813191,81570,56566,87268,76471,99578,806
net assets626,432621,877344,798338,114338,021332,502331,327319,135311,336308,1051,294
total shareholders funds626,432621,877344,798338,114338,021332,502331,327319,135311,336308,1051,294
May 2024May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014
Operating Activities
Operating Profit51,34743,51817,53058911,4726,27915,0139,6214,0388,5131,511
Depreciation
Amortisation
Tax-1,518-2,360-1,568-22-1,295-276-2,860-1,829-808-1,703-317
Stock
Debtors47,999109,000123,337-23,000121,80012,300
Creditors-5,009-1,991-139,026-18,409121,257-24,0093,693-1,892-3,231-6,81178,806
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations-3,179-69,833-246,401-17,842154,434-139,8063,5465,900-1-180,000
Investing Activities
capital expenditure
Change in Investments270,000300,00080,000
cash flow from investments-270,000-300,000-80,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans188160,412250,529-137,259145,259
Hire Purchase and Lease Commitments
other long term liabilities-1,466-1,7426,408
share issue270,000300,000100
interest-45,274-34,080-9,279-474-4,658-4,82839811
cash flow from financing-46,552394,590247,658-474-141,917140,4313981300,001100
cash and cash equivalents
cash-49,73154,7581,258-18,31612,5176253,5855,907100
overdraft
change in cash-49,73154,7581,258-18,31612,5176253,5855,907100

palm lakes ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Palm Lakes Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for palm lakes ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in N16 area or any other competitors across 12 key performance metrics.

palm lakes ltd Ownership

PALM LAKES LTD group structure

Palm Lakes Ltd has no subsidiary companies.

Ultimate parent company

PALM LAKES LTD

08449959

PALM LAKES LTD Shareholders

allan solinsky 52%
katalin solinsky 48%

palm lakes ltd directors

Palm Lakes Ltd currently has 1 director, Mr Allan Solinsky serving since Mar 2013.

officercountryagestartendrole
Mr Allan Solinsky79 years Mar 2013- Director

P&L

May 2024

turnover

1.2m

+28%

operating profit

51.3k

0%

gross margin

24.3%

+0.16%

turnover

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

Balance Sheet

May 2024

net assets

626.4k

+0.01%

total assets

1.1m

0%

cash

10.7k

-0.82%

net assets

Total assets minus all liabilities

palm lakes ltd company details

company number

08449959

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

March 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Unaudited Abridged

last accounts submitted

May 2024

previous names

N/A

accountant

VENITT & GREAVES

auditor

-

address

81 darenth road, london, N16 6EB

Bank

-

Legal Advisor

-

palm lakes ltd 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 4 charges/mortgages relating to palm lakes ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

palm lakes ltd 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.

Click to start generating capital raising & share issue transactions for PALM LAKES LTD. This can take several minutes, an email will notify you when this has completed.

palm lakes ltd Companies House Filings - See Documents

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