palm lakes ltd
palm lakes ltd Company Information
Company Number
08449959
Next Accounts
Feb 2026
Directors
Shareholders
allan solinsky
katalin solinsky
Group Structure
View All
Industry
Buying and selling of own real estate
+2Registered Address
81 darenth road, london, N16 6EB
Website
palmlakesfamilyestate.co.zapalm lakes ltd Estimated Valuation
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
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
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
5 Strong
2 Regular
4 Weak
Size
annual sales of £1.2m, make it larger than the average company (£717.7k)
- Palm Lakes Ltd
£717.7k - Industry AVG
Growth
3 year (CAGR) sales growth of 52%, show it is growing at a faster rate (5.1%)
- Palm Lakes Ltd
5.1% - Industry AVG
Production
with a gross margin of 24.3%, this company has a higher cost of product (71.5%)
- Palm Lakes Ltd
71.5% - Industry AVG
Profitability
an operating margin of 4.5% make it less profitable than the average company (20.1%)
- Palm Lakes Ltd
20.1% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Palm Lakes Ltd
4 - Industry AVG
Pay Structure
on an average salary of £38.3k, the company has an equivalent pay structure (£38.3k)
- Palm Lakes Ltd
£38.3k - Industry AVG
Efficiency
resulting in sales per employee of £288.4k, this is more efficient (£160k)
- Palm Lakes Ltd
£160k - Industry AVG
Debtor Days
it gets paid by customers after 123 days, this is later than average (34 days)
- Palm Lakes Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 1 days, this is quicker than average (32 days)
- Palm Lakes Ltd
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Palm Lakes Ltd
- - Industry AVG
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
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
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 House, Pomanda Estimates
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | |||||||||||
| Intangible Assets | |||||||||||
| Investments & Other | 650,000 | 650,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 80,000 |
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 650,000 | 650,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 380,000 | 80,000 |
| Stock & work in progress | |||||||||||
| Trade Debtors | 391,436 | 343,437 | 234,437 | 111,100 | 111,100 | 134,100 | 12,300 | ||||
| Group Debtors | |||||||||||
| Misc Debtors | |||||||||||
| Cash | 10,703 | 60,434 | 5,676 | 4,418 | 22,734 | 10,217 | 9,592 | 6,007 | 100 | 100 | 100 |
| misc current assets | |||||||||||
| total current assets | 402,139 | 403,871 | 240,113 | 115,518 | 133,834 | 144,317 | 21,892 | 6,007 | 100 | 100 | 100 |
| total assets | 1,052,139 | 1,053,871 | 620,113 | 495,518 | 513,834 | 524,317 | 401,892 | 386,007 | 380,100 | 380,100 | 80,100 |
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 3,378 | 8,387 | 10,378 | 149,404 | 167,813 | 46,556 | 70,565 | 66,872 | 68,764 | 71,995 | 78,806 |
| Group/Directors Accounts | |||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | |||||||||||
| total current liabilities | 3,378 | 8,387 | 10,378 | 149,404 | 167,813 | 46,556 | 70,565 | 66,872 | 68,764 | 71,995 | 78,806 |
| loans | 419,129 | 418,941 | 258,529 | 8,000 | 8,000 | 145,259 | |||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | 3,200 | 4,666 | 6,408 | ||||||||
| provisions | |||||||||||
| total long term liabilities | 422,329 | 423,607 | 264,937 | 8,000 | 8,000 | 145,259 | |||||
| total liabilities | 425,707 | 431,994 | 275,315 | 157,404 | 175,813 | 191,815 | 70,565 | 66,872 | 68,764 | 71,995 | 78,806 |
| net assets | 626,432 | 621,877 | 344,798 | 338,114 | 338,021 | 332,502 | 331,327 | 319,135 | 311,336 | 308,105 | 1,294 |
| total shareholders funds | 626,432 | 621,877 | 344,798 | 338,114 | 338,021 | 332,502 | 331,327 | 319,135 | 311,336 | 308,105 | 1,294 |
| May 2024 | May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | |||||||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | |||||||||||
| Debtors | 47,999 | 109,000 | 123,337 | -23,000 | 121,800 | 12,300 | |||||
| Creditors | -5,009 | -1,991 | -139,026 | -18,409 | 121,257 | -24,009 | 3,693 | -1,892 | -3,231 | -6,811 | 78,806 |
| Accruals and Deferred Income | |||||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 270,000 | 300,000 | 80,000 | ||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | 188 | 160,412 | 250,529 | -137,259 | 145,259 | ||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | -1,466 | -1,742 | 6,408 | ||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | -49,731 | 54,758 | 1,258 | -18,316 | 12,517 | 625 | 3,585 | 5,907 | 100 | ||
| overdraft | |||||||||||
| change in cash | -49,731 | 54,758 | 1,258 | -18,316 | 12,517 | 625 | 3,585 | 5,907 | 100 |
palm lakes ltd Credit Report and Business Information
Palm Lakes Ltd Competitor Analysis
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 directors
Palm Lakes Ltd currently has 1 director, Mr Allan Solinsky serving since Mar 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Allan Solinsky | 79 years | Mar 2013 | - | Director |
P&L
May 2024turnover
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 2024net 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
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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