patrick properties group ltd
patrick properties group ltd Company Information
Company Number
08705103
Next Accounts
Jun 2025
Shareholders
patrick properties midco limited
Group Structure
View All
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
+1Registered Address
hamilton house church street, altrincham, WA14 4DR
Website
www.patrickproperties.co.ukpatrick properties group ltd Estimated Valuation
Pomanda estimates the enterprise value of PATRICK PROPERTIES GROUP LTD at £22.1m based on a Turnover of £6.1m and 3.62x industry multiple (adjusted for size and gross margin).
patrick properties group ltd Estimated Valuation
Pomanda estimates the enterprise value of PATRICK PROPERTIES GROUP LTD at £32.9m based on an EBITDA of £4.4m and a 7.4x industry multiple (adjusted for size and gross margin).
patrick properties group ltd Estimated Valuation
Pomanda estimates the enterprise value of PATRICK PROPERTIES GROUP LTD at £67.9m based on Net Assets of £40.9m and 1.66x industry multiple (adjusted for liquidity).
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Patrick Properties Group Ltd Overview
Patrick Properties Group Ltd is a live company located in altrincham, WA14 4DR with a Companies House number of 08705103. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in September 2013, it's largest shareholder is patrick properties midco limited with a 100% stake. Patrick Properties Group Ltd is a established, mid sized company, Pomanda has estimated its turnover at £6.1m with healthy growth in recent years.
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Patrick Properties Group Ltd Health Check
Pomanda's financial health check has awarded Patrick Properties Group Ltd 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
6 Strong
2 Regular
4 Weak
Size
annual sales of £6.1m, make it larger than the average company (£857.9k)
£6.1m - Patrick Properties Group Ltd
£857.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (2.7%)
12% - Patrick Properties Group Ltd
2.7% - Industry AVG
Production
with a gross margin of 70.7%, this company has a comparable cost of product (70.7%)
70.7% - Patrick Properties Group Ltd
70.7% - Industry AVG
Profitability
an operating margin of 72.7% make it more profitable than the average company (27.5%)
72.7% - Patrick Properties Group Ltd
27.5% - Industry AVG
Employees
with 5 employees, this is above the industry average (4)
5 - Patrick Properties Group Ltd
4 - Industry AVG
Pay Structure
on an average salary of £72k, the company has a higher pay structure (£34.4k)
£72k - Patrick Properties Group Ltd
£34.4k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£186.5k)
£1.2m - Patrick Properties Group Ltd
£186.5k - Industry AVG
Debtor Days
it gets paid by customers after 42 days, this is later than average (29 days)
42 days - Patrick Properties Group Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 118 days, this is slower than average (32 days)
118 days - Patrick Properties Group Ltd
32 days - Industry AVG
Stock Days
it holds stock equivalent to 673 days, this is more than average (237 days)
673 days - Patrick Properties Group Ltd
237 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (10 weeks)
2 weeks - Patrick Properties Group Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.1%, this is a similar level of debt than the average (66.5%)
72.1% - Patrick Properties Group Ltd
66.5% - Industry AVG
PATRICK PROPERTIES GROUP LTD financials
Patrick Properties Group Ltd's latest turnover from September 2023 is £6.1 million and the company has net assets of £40.9 million. According to their latest financial statements, Patrick Properties Group Ltd has 5 employees and maintains cash reserves of £2.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,103,131 | 3,704,198 | 4,348,495 | 5,230,156 | 4,761,459 | 4,339,991 | 10,801,865 | 10,627,804 | 11,131,000 | 9,247 | |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 780,341 | 1,095,000 | 1,196 | ||||||||
| Gross Profit | 9,847,463 | 10,036,000 | 8,051 | ||||||||
| Admin Expenses | 8,868,424 | 8,237,000 | 8,451 | ||||||||
| Operating Profit | 4,439,074 | 2,635,193 | 8,977,459 | 5,413,088 | 3,399,665 | 2,750,258 | 70,090 | 979,039 | 1,799,000 | -400 | |
| Interest Payable | 2,481,266 | 485,339 | 649,347 | 759,218 | 670,852 | 617,406 | 858,185 | 715,685 | 1,081,000 | 1,082 | |
| Interest Receivable | 26,227 | 62,500 | |||||||||
| Pre-Tax Profit | 22,302,270 | 2,149,854 | 18,867,227 | 4,653,870 | -4,430,394 | 3,472,360 | -1,880,710 | 5,940,319 | 1,780,000 | 777 | |
| Tax | -5,482,137 | -768,461 | -382,973 | -600,148 | 694,523 | -646,517 | -964,231 | -741,817 | -545,000 | -436 | |
| Profit After Tax | 16,820,133 | 1,381,393 | 18,484,254 | 4,053,722 | -3,735,871 | 2,825,843 | -2,844,941 | 5,198,502 | 1,235,000 | 341 | |
| Dividends Paid | 14,686,969 | ||||||||||
| Retained Profit | 16,820,133 | 1,381,393 | 18,484,254 | 4,053,722 | -18,422,840 | 2,825,843 | -2,844,941 | 5,198,502 | 1,397,000 | 567 | |
| Employee Costs | 359,758 | 349,550 | 281,725 | 423,357 | 286,943 | 5,505,000 | 5,556 | ||||
| Number Of Employees | 5 | 5 | 7 | 3 | 3 | 4 | 4 | 83 | 83 | 80 | 116 |
| EBITDA* | 4,439,074 | 2,635,193 | 8,977,459 | 5,413,088 | 3,399,665 | 2,750,258 | 70,090 | 1,012,002 | 1,832,000 | -350 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,294,549 | 3,900,000 | 82,477 | 110,000 | 2,628 | ||||||
| Intangible Assets | 3,598,000 | 1 | |||||||||
| Investments & Other | 81,690,528 | 776 | 40,398,499 | 42,805,115 | 36,157,000 | 36,157,000 | 43,317,485 | 56,656,240 | 62,091,108 | 55,041,000 | 40,951 |
| Debtors (Due After 1 year) | 538,596 | 595,266 | 1,319,494 | 16,209 | 16,209 | 78,842 | 78,842 | 165,542 | |||
| Total Fixed Assets | 82,229,124 | 776 | 48,288,314 | 48,024,609 | 36,173,209 | 36,173,209 | 43,396,327 | 56,735,082 | 62,339,127 | 58,749,000 | 43,580 |
| Stock & work in progress | 3,300,339 | 3,300,339 | 3,300,339 | 3,300,339 | 3,300,339 | 3,300,339 | 3,300,339 | 5,316,492 | 6,312,000 | 4,661 | |
| Trade Debtors | 717,536 | 14,842 | 284,439 | 427,011 | 362,217 | 167,381 | 647,194 | 307,414 | 807,081 | 360,000 | 536 |
| Group Debtors | 9,807,505 | 27,928,952 | 9,830,082 | 11,184,122 | 9,267,665 | 8,919,165 | 8,919,165 | 98,314 | 6,372,000 | 4,426 | |
| Misc Debtors | 48,035,330 | 25,176,980 | 24,007,477 | 13,316,627 | 8,500,682 | 6,297,392 | 19,542,414 | 6,260,403 | 6,812,347 | 1,392,000 | 1,208 |
| Cash | 2,627,017 | 2,959,069 | 2,676,972 | 6,255,122 | 2,074,442 | 1,487,595 | 1,149,696 | 1,733,645 | 1,420,595 | 1,598,000 | 2,425 |
| misc current assets | 1,393 | ||||||||||
| total current assets | 64,487,727 | 56,081,236 | 40,099,309 | 34,483,221 | 23,505,345 | 20,171,872 | 33,558,808 | 11,700,115 | 14,356,515 | 16,034,000 | 13,256 |
| total assets | 146,716,851 | 56,082,012 | 88,387,623 | 82,507,830 | 59,678,554 | 56,345,081 | 76,955,135 | 68,435,197 | 76,695,642 | 74,783,000 | 56,836 |
| Bank overdraft | 820,558 | 820,558 | 18,817,000 | 21,043 | |||||||
| Bank loan | 366,613 | 366,613 | 820,558 | 820,558 | 820,558 | ||||||
| Trade Creditors | 583,212 | 108,861 | 221,994 | 156,800 | 67,623 | 87,178 | 116,601 | 412,697 | 493,731 | 916,000 | 1,366 |
| Group/Directors Accounts | 3,083,014 | 3,176,982 | 3,132,360 | 3,120,331 | 9,901,850 | 9,901,851 | 9,901,852 | 1,283,413 | 15,107,000 | 14,457 | |
| other short term finances | 1,604,016 | 1,555,794 | 1,604,017 | 1,727,669 | 4,498,447 | ||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 50,048,527 | 26,302,882 | 25,401,943 | 20,980,766 | 9,783,200 | 9,711,555 | 9,653,401 | 12,477,593 | 12,376,346 | 5,939,000 | 5,489 |
| total current liabilities | 53,714,753 | 29,588,725 | 29,122,910 | 24,624,510 | 22,177,247 | 22,076,936 | 22,096,429 | 15,438,517 | 19,472,495 | 40,779,000 | 42,355 |
| loans | 45,999,337 | 27,474,196 | 35,834,187 | 35,834,187 | 35,044,266 | 35,864,826 | 36,685,384 | 37,505,942 | 36,950,051 | 31,129,000 | 16,715 |
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | 6,100,493 | 1,235,977 | 1,235,977 | 128,139 | 128,139 | 1,475,302 | 1,247,586 | 594,264 | |||
| total long term liabilities | 52,099,830 | 27,474,196 | 37,070,164 | 37,070,164 | 35,172,405 | 35,992,965 | 38,160,686 | 38,753,528 | 37,544,315 | 31,129,000 | 16,715 |
| total liabilities | 105,814,583 | 57,062,921 | 66,193,074 | 61,694,674 | 57,349,652 | 58,069,901 | 60,257,115 | 54,192,045 | 57,016,810 | 71,908,000 | 59,070 |
| net assets | 40,902,268 | -980,909 | 22,194,549 | 20,813,156 | 2,328,902 | -1,724,820 | 16,698,020 | 14,243,152 | 19,678,832 | 2,875,000 | -2,234 |
| total shareholders funds | 40,902,268 | -980,909 | 22,194,549 | 20,813,156 | 2,328,902 | -1,724,820 | 16,698,020 | 14,243,152 | 19,678,832 | 2,875,000 | -2,234 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | 4,439,074 | 2,635,193 | 8,977,459 | 5,413,088 | 3,399,665 | 2,750,258 | 70,090 | 979,039 | 1,799,000 | -400 | |
| Depreciation | 32,963 | 33,000 | 50 | ||||||||
| Amortisation | |||||||||||
| Tax | -5,482,137 | -768,461 | -382,973 | -600,148 | 694,523 | -646,517 | -964,231 | -741,817 | -545,000 | -436 | |
| Stock | 3,300,339 | -3,300,339 | -2,016,153 | -995,508 | 6,307,339 | 4,661 | |||||
| Debtors | 5,978,193 | 18,403,510 | 8,470,010 | 8,100,481 | 2,746,626 | -13,787,468 | 22,442,642 | -1,039,997 | -339,030 | 8,117,830 | 6,170 |
| Creditors | 474,351 | -113,133 | 65,194 | 89,177 | -19,555 | -29,423 | -296,096 | -81,034 | -422,269 | 914,634 | 1,366 |
| Accruals and Deferred Income | 23,745,645 | 900,939 | 4,421,177 | 11,197,566 | 71,645 | 58,154 | -2,824,192 | 101,247 | 6,437,346 | 5,933,511 | 5,489 |
| Deferred Taxes & Provisions | 6,100,493 | -1,235,977 | 1,107,838 | -1,347,163 | 227,716 | 653,322 | 594,264 | ||||
| Cash flow from operations | 19,998,894 | -2,116,907 | 12,888,586 | 2,118,404 | 16,563,224 | -23,231,473 | 2,835,544 | 8,214,064 | -6,290,024 | -4,762 | |
| Investing Activities | |||||||||||
| capital expenditure | 14,307,288 | -2,516,914 | -7,564,168 | -11,354,000 | -139 | ||||||
| Change in Investments | 81,689,752 | -40,397,723 | -2,406,616 | 6,648,115 | -7,160,485 | -13,338,755 | -5,434,868 | 7,050,108 | 55,000,049 | 40,951 | |
| cash flow from investments | -6,648,115 | 7,160,485 | 27,646,043 | 2,917,954 | -14,614,276 | -66,354,049 | -41,090 | ||||
| Financing Activities | |||||||||||
| Bank loans | -366,613 | -453,945 | 820,558 | -820,558 | 820,558 | ||||||
| Group/Directors Accounts | -93,968 | 44,622 | 12,029 | -6,781,519 | -1 | -1 | 9,901,852 | -1,283,413 | -13,823,587 | 15,092,543 | 14,457 |
| Other Short Term Loans | -1,604,016 | 48,222 | -48,223 | -123,652 | -2,770,778 | 4,498,447 | |||||
| Long term loans | 18,525,141 | -8,359,991 | 789,921 | -820,560 | -820,558 | -820,558 | 555,891 | 5,821,051 | 31,112,285 | 16,715 | |
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -2,455,039 | -485,339 | -649,347 | -759,218 | -670,852 | -617,406 | -795,685 | -715,685 | -1,081,000 | -1,082 | |
| cash flow from financing | 41,039,178 | -473,310 | -8,698,906 | -1,531,557 | -719,076 | 7,969,261 | -7,705,282 | 8,206,114 | 46,604,062 | 27,289 | |
| cash and cash equivalents | |||||||||||
| cash | -332,052 | 282,097 | -3,578,150 | 4,180,680 | 586,847 | 337,899 | -583,949 | 313,050 | -177,405 | 1,595,575 | 2,425 |
| overdraft | -820,558 | 820,558 | -18,817,000 | 18,795,957 | 21,043 | ||||||
| change in cash | -332,052 | 282,097 | -3,578,150 | 4,180,680 | 586,847 | 1,158,457 | -583,949 | -507,508 | 18,639,595 | -17,200,382 | -18,618 |
patrick properties group ltd Credit Report and Business Information
Patrick Properties Group Ltd Competitor Analysis
Perform a competitor analysis for patrick properties group ltd by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other mid companies, companies in WA14 area or any other competitors across 12 key performance metrics.
patrick properties group ltd Ownership
PATRICK PROPERTIES GROUP LTD group structure
Patrick Properties Group Ltd has 10 subsidiary companies.
Ultimate parent company
2 parents
PATRICK PROPERTIES GROUP LTD
08705103
10 subsidiaries
patrick properties group ltd directors
Patrick Properties Group Ltd currently has 2 directors. The longest serving directors include Mr Jordan Kennedy (Jul 2020) and Mr Christian Thorpe (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jordan Kennedy | England | 33 years | Jul 2020 | - | Director |
| Mr Christian Thorpe | England | 36 years | Oct 2024 | - | Director |
P&L
September 2023turnover
6.1m
0%
operating profit
4.4m
0%
gross margin
70.7%
-100%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
40.9m
-42.7%
total assets
146.7m
+1.62%
cash
2.6m
-0.11%
net assets
Total assets minus all liabilities
patrick properties group ltd company details
company number
08705103
Type
Private limited with Share Capital
industry
68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
68100 - Buying and selling of own real estate
incorporation date
September 2013
age
12
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
patrick properties xyz limited (January 2015)
accountant
-
auditor
LOPIAN GROSS BARNETT & CO
address
hamilton house church street, altrincham, WA14 4DR
Bank
-
Legal Advisor
-
patrick properties group 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 6 charges/mortgages relating to patrick properties group ltd. Currently there are 2 open charges and 4 have been satisfied in the past.
patrick properties group 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 PATRICK PROPERTIES GROUP LTD. This can take several minutes, an email will notify you when this has completed.
patrick properties group ltd Companies House Filings - See Documents
| date | description | view/download |
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