piper homes plc
piper homes plc Company Information
Company Number
09753874
Next Accounts
285 days late
Shareholders
kenneth lee noble
rupert parkin
View AllGroup Structure
View All
Industry
Construction of domestic buildings
Registered Address
2nd floor 110 cannon street, london, england, EC4N 6EU
Website
www.piperhomes.co.ukpiper homes plc Estimated Valuation
Pomanda estimates the enterprise value of PIPER HOMES PLC at £8.8m based on a Turnover of £20.1m and 0.44x industry multiple (adjusted for size and gross margin).
piper homes plc Estimated Valuation
Pomanda estimates the enterprise value of PIPER HOMES PLC at £3.8m based on an EBITDA of £977.1k and a 3.92x industry multiple (adjusted for size and gross margin).
piper homes plc Estimated Valuation
Pomanda estimates the enterprise value of PIPER HOMES PLC at £3.4m based on Net Assets of £2.5m and 1.34x industry multiple (adjusted for liquidity).
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Piper Homes Plc Overview
Piper Homes Plc is a live company located in england, EC4N 6EU with a Companies House number of 09753874. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in August 2015, it's largest shareholder is kenneth lee noble with a 49.2% stake. Piper Homes Plc is a established, large sized company, Pomanda has estimated its turnover at £20.1m with low growth in recent years.
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Piper Homes Plc Health Check
Pomanda's financial health check has awarded Piper Homes Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 8 areas for improvement. Company Health Check FAQs
4 Strong
0 Regular
8 Weak
Size
annual sales of £20.1m, make it larger than the average company (£741.9k)
£20.1m - Piper Homes Plc
£741.9k - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (7.3%)
1% - Piper Homes Plc
7.3% - Industry AVG
Production
with a gross margin of 12.7%, this company has a higher cost of product (19.8%)
12.7% - Piper Homes Plc
19.8% - Industry AVG
Profitability
an operating margin of 4.7% make it less profitable than the average company (7.1%)
4.7% - Piper Homes Plc
7.1% - Industry AVG
Employees
with 42 employees, this is above the industry average (4)
42 - Piper Homes Plc
4 - Industry AVG
Pay Structure
on an average salary of £75.5k, the company has a higher pay structure (£43.4k)
£75.5k - Piper Homes Plc
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £477.9k, this is more efficient (£234.2k)
£477.9k - Piper Homes Plc
£234.2k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is later than average (24 days)
56 days - Piper Homes Plc
24 days - Industry AVG
Creditor Days
its suppliers are paid after 150 days, this is slower than average (29 days)
150 days - Piper Homes Plc
29 days - Industry AVG
Stock Days
it holds stock equivalent to 719 days, this is more than average (225 days)
719 days - Piper Homes Plc
225 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (15 weeks)
5 weeks - Piper Homes Plc
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.8%, this is a higher level of debt than the average (71.9%)
93.8% - Piper Homes Plc
71.9% - Industry AVG
PIPER HOMES PLC financials
Piper Homes Plc's latest turnover from December 2022 is £20.1 million and the company has net assets of £2.5 million. According to their latest financial statements, Piper Homes Plc has 42 employees and maintains cash reserves of £2.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| Turnover | 20,072,743 | 38,507,283 | 22,925,761 | 19,262,001 | 5,297,800 | 4,088,659 | 2,550,000 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 17,524,725 | 32,529,597 | 19,364,653 | 16,198,525 | 4,473,899 | 3,053,998 | 1,878,096 |
| Gross Profit | 2,548,018 | 5,977,686 | 3,561,108 | 3,063,476 | 823,901 | 1,034,661 | 671,904 |
| Admin Expenses | 1,605,849 | 1,363,810 | 1,384,734 | 2,197,688 | 363,253 | 314,775 | 148,657 |
| Operating Profit | 942,169 | 4,613,876 | 2,176,374 | 865,788 | 460,648 | 719,886 | 523,247 |
| Interest Payable | 1,605,282 | 3,427,797 | 2,435,061 | 874,507 | 68,869 | 81,574 | 19,838 |
| Interest Receivable | 414 | 60,302 | |||||
| Pre-Tax Profit | -662,699 | 1,186,079 | -258,687 | -8,719 | 452,081 | 638,312 | 503,409 |
| Tax | 8,791 | -152,503 | -59,347 | -124,695 | -105,125 | -144,974 | -101,245 |
| Profit After Tax | -653,908 | 1,033,576 | -318,034 | -133,414 | 346,956 | 493,338 | 402,164 |
| Dividends Paid | |||||||
| Retained Profit | -653,908 | 1,033,576 | -318,034 | -133,414 | 346,956 | 493,338 | 402,164 |
| Employee Costs | 3,170,529 | 2,160,734 | 1,528,694 | 1,750,837 | 564,598 | 367,414 | 101,744 |
| Number Of Employees | 42 | 30 | 28 | 25 | 11 | 9 | 5 |
| EBITDA* | 977,133 | 4,628,735 | 2,849,074 | 1,009,299 | 567,782 | 825,096 | 523,535 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 95,925 | 46,271 | 665 | 7,836 | 16,245 | 23,550 | 13,542 |
| Intangible Assets | 665,529 | 798,634 | 898,463 | 998,292 | |||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 95,925 | 46,271 | 665 | 673,365 | 814,879 | 922,013 | 1,011,834 |
| Stock & work in progress | 34,550,626 | 20,395,739 | 24,430,534 | 25,901,150 | 10,835,909 | 4,816,916 | 714,696 |
| Trade Debtors | 3,111,918 | 990,591 | 591,923 | 2,753,906 | 2,075,000 | ||
| Group Debtors | |||||||
| Misc Debtors | 1,231,363 | 471,767 | 561,364 | 727,189 | 2,862,789 | 3,647,778 | 78,507 |
| Cash | 2,149,890 | 3,764,004 | 2,006,857 | 1,718,791 | 1,517,034 | 612,982 | 43,218 |
| misc current assets | |||||||
| total current assets | 41,043,797 | 25,622,101 | 27,590,678 | 31,101,036 | 15,215,732 | 9,077,676 | 2,911,421 |
| total assets | 41,139,722 | 25,668,372 | 27,591,343 | 31,774,401 | 16,030,611 | 9,999,689 | 3,923,255 |
| Bank overdraft | |||||||
| Bank loan | 6,323,911 | 217,072 | 14,874,410 | 13,992,791 | 2,959,475 | 1,868,614 | |
| Trade Creditors | 7,207,127 | 4,939,060 | 4,083,282 | 4,737,408 | 2,369,218 | 1,934,761 | 62,370 |
| Group/Directors Accounts | 733,731 | 762,805 | 2,604,307 | 2,505,993 | 2,451,327 | 10,050 | 10,050 |
| other short term finances | 630,919 | 836,316 | 240,000 | ||||
| hp & lease commitments | 8,027 | ||||||
| other current liabilities | 5,775,054 | 1,128,852 | 2,672,013 | 1,856,303 | 2,079,120 | 1,012,469 | 898,376 |
| total current liabilities | 20,047,850 | 7,047,789 | 24,864,931 | 23,928,811 | 10,099,140 | 4,825,894 | 970,796 |
| loans | 14,831,152 | 11,063,103 | 854,727 | 5,252,324 | 4,105,378 | 3,693,270 | 1,967,038 |
| hp & lease commitments | 16,054 | ||||||
| Accruals and Deferred Income | |||||||
| other liabilities | 3,703,988 | 4,674,103 | 30,549 | 1,432,733 | 530,549 | 530,549 | 530,549 |
| provisions | 8,791 | 126 | 1,489 | 3,086 | 4,474 | 2,708 | |
| total long term liabilities | 18,551,194 | 15,745,997 | 885,402 | 6,686,546 | 4,639,013 | 4,228,293 | 2,500,295 |
| total liabilities | 38,599,044 | 22,793,786 | 25,750,333 | 30,615,357 | 14,738,153 | 9,054,187 | 3,471,091 |
| net assets | 2,540,678 | 2,874,586 | 1,841,010 | 1,159,044 | 1,292,458 | 945,502 | 452,164 |
| total shareholders funds | 2,540,678 | 2,874,586 | 1,841,010 | 1,159,044 | 1,292,458 | 945,502 | 452,164 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Aug 2018 | Aug 2017 | Aug 2016 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | 942,169 | 4,613,876 | 2,176,374 | 865,788 | 460,648 | 719,886 | 523,247 |
| Depreciation | 34,964 | 14,859 | 7,171 | 10,406 | 7,305 | 5,381 | 288 |
| Amortisation | 665,529 | 133,105 | 99,829 | 99,829 | |||
| Tax | 8,791 | -152,503 | -59,347 | -124,695 | -105,125 | -144,974 | -101,245 |
| Stock | 14,154,887 | -4,034,795 | -1,470,616 | 15,065,241 | 6,018,993 | 4,102,220 | 714,696 |
| Debtors | 2,880,923 | 309,071 | -2,327,808 | 618,306 | -784,989 | 1,494,271 | 2,153,507 |
| Creditors | 2,268,067 | 855,778 | -654,126 | 2,368,190 | 434,457 | 1,872,391 | 62,370 |
| Accruals and Deferred Income | 4,646,202 | -1,543,161 | 815,710 | -222,817 | 1,066,651 | 114,093 | 898,376 |
| Deferred Taxes & Provisions | -8,791 | 8,665 | -1,363 | -1,597 | -1,388 | 1,766 | 2,708 |
| Cash flow from operations | -9,144,408 | 7,523,238 | 6,748,372 | -12,655,167 | -3,271,627 | -2,928,119 | -1,482,459 |
| Investing Activities | |||||||
| capital expenditure | -15,389 | -1,012,122 | |||||
| Change in Investments | |||||||
| cash flow from investments | -15,389 | -1,012,122 | |||||
| Financing Activities | |||||||
| Bank loans | 6,106,839 | -14,657,338 | 881,619 | 11,033,316 | 1,090,861 | 1,868,614 | |
| Group/Directors Accounts | -29,074 | -1,841,502 | 98,314 | 54,666 | 2,441,277 | 10,050 | |
| Other Short Term Loans | -630,919 | -205,397 | 596,316 | 240,000 | |||
| Long term loans | 3,768,049 | 10,208,376 | -4,397,597 | 1,146,946 | 412,108 | 1,726,232 | 1,967,038 |
| Hire Purchase and Lease Commitments | 24,081 | ||||||
| other long term liabilities | -970,115 | 4,643,554 | -1,402,184 | 902,184 | 530,549 | ||
| share issue | |||||||
| interest | -1,604,868 | -3,427,797 | -2,435,061 | -874,507 | -8,567 | -81,574 | -19,838 |
| cash flow from financing | 7,614,912 | -5,705,626 | -6,460,306 | 12,858,921 | 4,175,679 | 3,513,272 | 2,537,799 |
| cash and cash equivalents | |||||||
| cash | -1,614,114 | 1,757,147 | 288,066 | 201,757 | 904,052 | 569,764 | 43,218 |
| overdraft | |||||||
| change in cash | -1,614,114 | 1,757,147 | 288,066 | 201,757 | 904,052 | 569,764 | 43,218 |
piper homes plc Credit Report and Business Information
Piper Homes Plc Competitor Analysis
Perform a competitor analysis for piper homes plc by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in EC4N area or any other competitors across 12 key performance metrics.
piper homes plc Ownership
PIPER HOMES PLC group structure
Piper Homes Plc has 32 subsidiary companies.
Ultimate parent company
PIPER HOMES PLC
09753874
32 subsidiaries
piper homes plc directors
Piper Homes Plc currently has 2 directors. The longest serving directors include Mr Rupert Parkin (Aug 2015) and Mr Kenneth Noble (Aug 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rupert Parkin | United Kingdom | 44 years | Aug 2015 | - | Director |
| Mr Kenneth Noble | United Kingdom | 59 years | Aug 2017 | - | Director |
P&L
December 2022turnover
20.1m
-48%
operating profit
942.2k
-80%
gross margin
12.7%
-18.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.5m
-0.12%
total assets
41.1m
+0.6%
cash
2.1m
-0.43%
net assets
Total assets minus all liabilities
Similar Companies
piper homes plc company details
company number
09753874
Type
Public limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
August 2015
age
10
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
piper homes limited (January 2016)
accountant
-
auditor
LINDLEY & CO
address
2nd floor 110 cannon street, london, england, EC4N 6EU
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
piper homes plc 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 19 charges/mortgages relating to piper homes plc. Currently there are 9 open charges and 10 have been satisfied in the past.
piper homes plc 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 PIPER HOMES PLC. This can take several minutes, an email will notify you when this has completed.
piper homes plc Companies House Filings - See Documents
| date | description | view/download |
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