palatium properties ltd
palatium properties ltd Company Information
Group Structure
View All
Industry
Development of building projects
Registered Address
5 kendall avenue south, south croydon, CR2 0QR
Website
palatiumproperties.compalatium properties ltd Estimated Valuation
Pomanda estimates the enterprise value of PALATIUM PROPERTIES LTD at £1.1m based on a Turnover of £2.2m and 0.52x industry multiple (adjusted for size and gross margin).
palatium properties ltd Estimated Valuation
Pomanda estimates the enterprise value of PALATIUM PROPERTIES LTD at £0 based on an EBITDA of £-62.5k and a 4.01x industry multiple (adjusted for size and gross margin).
palatium properties ltd Estimated Valuation
Pomanda estimates the enterprise value of PALATIUM PROPERTIES LTD at £0 based on Net Assets of £-42.7k and 1.49x industry multiple (adjusted for liquidity).
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Palatium Properties Ltd Overview
Palatium Properties Ltd is a live company located in south croydon, CR2 0QR with a Companies House number of 09513015. It operates in the development of building projects sector, SIC Code 41100. Founded in March 2015, it's largest shareholder is vks holdings limited with a 100% stake. Palatium Properties Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.2m with high growth in recent years.
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Palatium Properties Ltd Health Check
Pomanda's financial health check has awarded Palatium Properties Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs
3 Strong
4 Regular
5 Weak
Size
annual sales of £2.2m, make it in line with the average company (£2.5m)
- Palatium Properties Ltd
£2.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (4.8%)
- Palatium Properties Ltd
4.8% - Industry AVG
Production
with a gross margin of 27%, this company has a comparable cost of product (27%)
- Palatium Properties Ltd
27% - Industry AVG
Profitability
an operating margin of -3.3% make it less profitable than the average company (7%)
- Palatium Properties Ltd
7% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (7)
6 - Palatium Properties Ltd
7 - Industry AVG
Pay Structure
on an average salary of £48.3k, the company has an equivalent pay structure (£48.3k)
- Palatium Properties Ltd
£48.3k - Industry AVG
Efficiency
resulting in sales per employee of £365.3k, this is more efficient (£291.6k)
- Palatium Properties Ltd
£291.6k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (28 days)
- Palatium Properties Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (31 days)
- Palatium Properties Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 15 days, this is less than average (160 days)
- Palatium Properties Ltd
160 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Palatium Properties Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 105.7%, this is a higher level of debt than the average (73.5%)
105.7% - Palatium Properties Ltd
73.5% - Industry AVG
PALATIUM PROPERTIES LTD financials
Palatium Properties Ltd's latest turnover from December 2023 is estimated at £2.2 million and the company has net assets of -£42.7 thousand. According to their latest financial statements, Palatium Properties Ltd has 6 employees and maintains cash reserves of £43.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 6 | 6 | 6 | 7 | 2 | 2 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,943 | 27,144 | 36,045 | 301,745 | 997,068 | 26,870 | 326,931 | 1,011,936 | 1,011,936 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 17,943 | 27,144 | 36,045 | 301,745 | 997,068 | 26,870 | 326,931 | 1,011,936 | 1,011,936 |
| Stock & work in progress | 68,609 | 41,941 | 35,671 | 1,504,671 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 400,000 | 0 | 0 | 0 | 0 | 1,267 | 183 | 0 | 0 |
| Group Debtors | 179,324 | 799,324 | 289,314 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 35,898 | 10,409 | 37,282 | 305 | 64,827 | 0 | 0 | 0 | 0 |
| Cash | 43,138 | 11,988 | 11,136 | 12,726 | 3,323 | 241 | 3,310 | 16,350 | 18,060 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 726,969 | 863,662 | 373,403 | 1,517,702 | 68,150 | 1,508 | 3,493 | 16,350 | 18,060 |
| total assets | 744,912 | 890,806 | 409,448 | 1,819,447 | 1,065,218 | 28,378 | 330,424 | 1,028,286 | 1,029,996 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 39,928 | 23,061 | 7,216 | 17,291 | 0 | 0 | 0 | 0 | 1,034,730 |
| Group/Directors Accounts | 690,010 | 746,884 | 255,288 | 496,442 | 270,599 | 23,804 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 110,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 9,811 | 11,147 | 11,147 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 16,814 | 26,273 | 7,986 | 11,833 | 30,265 | 698 | 312,928 | 1,027,267 | 0 |
| total current liabilities | 756,563 | 807,365 | 281,637 | 635,566 | 300,864 | 24,502 | 312,928 | 1,027,267 | 1,034,730 |
| loans | 24,168 | 34,167 | 44,167 | 698,560 | 631,885 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 3,426 | 13,236 | 24,383 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 3,409 | 5,157 | 6,848 | 61,101 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 31,003 | 52,560 | 75,398 | 759,661 | 631,885 | 0 | 0 | 0 | 0 |
| total liabilities | 787,566 | 859,925 | 357,035 | 1,395,227 | 932,749 | 24,502 | 312,928 | 1,027,267 | 1,034,730 |
| net assets | -42,654 | 30,881 | 52,413 | 424,220 | 132,469 | 3,876 | 17,496 | 1,019 | -4,734 |
| total shareholders funds | -42,654 | 30,881 | 52,413 | 424,220 | 132,469 | 3,876 | 17,496 | 1,019 | -4,734 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 9,201 | 9,200 | 9,140 | 305 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | 26,668 | 6,270 | -1,469,000 | 1,504,671 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -194,511 | 483,137 | 326,291 | -64,522 | 64,644 | 1,084 | 183 | 0 | 0 |
| Creditors | 16,867 | 15,845 | -10,075 | 17,291 | 0 | 0 | 0 | -1,034,730 | 1,034,730 |
| Accruals and Deferred Income | -9,459 | 18,287 | -3,847 | -18,432 | -282,663 | -312,230 | -714,339 | 1,027,267 | 0 |
| Deferred Taxes & Provisions | -1,748 | -1,691 | -54,253 | 61,101 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -56,874 | 491,596 | -241,154 | 225,843 | 270,599 | 23,804 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | -110,000 | 110,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -9,999 | -10,000 | -654,393 | 66,675 | 631,885 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -11,146 | -11,147 | 35,530 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 31,150 | 852 | -1,590 | 9,403 | 13 | -3,069 | -13,040 | -1,710 | 18,060 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 31,150 | 852 | -1,590 | 9,403 | 13 | -3,069 | -13,040 | -1,710 | 18,060 |
palatium properties ltd Credit Report and Business Information
Palatium Properties Ltd Competitor Analysis
Perform a competitor analysis for palatium properties ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in CR2 area or any other competitors across 12 key performance metrics.
palatium properties ltd Ownership
PALATIUM PROPERTIES LTD group structure
Palatium Properties Ltd has no subsidiary companies.
Ultimate parent company
PALATIUM PROPERTIES LTD
09513015
palatium properties ltd directors
Palatium Properties Ltd currently has 1 director, Mr Chirag Patel serving since Mar 2015.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Chirag Patel | England | 43 years | Mar 2015 | - | Director |
P&L
December 2023turnover
2.2m
+227%
operating profit
-71.7k
0%
gross margin
27.1%
+1.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-42.7k
-2.38%
total assets
744.9k
-0.16%
cash
43.1k
+2.6%
net assets
Total assets minus all liabilities
palatium properties ltd company details
company number
09513015
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
March 2015
age
10
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
TAXASSIST ACCOUNTANTS
auditor
-
address
5 kendall avenue south, south croydon, CR2 0QR
Bank
-
Legal Advisor
-
palatium properties 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 5 charges/mortgages relating to palatium properties ltd. Currently there are 0 open charges and 5 have been satisfied in the past.
palatium properties 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.
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palatium properties ltd Companies House Filings - See Documents
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