palace capital (manchester) limited
palace capital (manchester) limited Company Information
Company Number
09937194
Next Accounts
Dec 2025
Shareholders
palace capital plc
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.
Registered Address
68 grafton way, london, W1T 5DS
Website
www.palacecapitalplc.compalace capital (manchester) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (MANCHESTER) LIMITED at £21.5m based on a Turnover of £4.9m and 4.39x industry multiple (adjusted for size and gross margin).
palace capital (manchester) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (MANCHESTER) LIMITED at £26.5m based on an EBITDA of £3.1m and a 8.67x industry multiple (adjusted for size and gross margin).
palace capital (manchester) limited Estimated Valuation
Pomanda estimates the enterprise value of PALACE CAPITAL (MANCHESTER) LIMITED at £15.2m based on Net Assets of £8.9m and 1.71x industry multiple (adjusted for liquidity).
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Palace Capital (manchester) Limited Overview
Palace Capital (manchester) Limited is a live company located in london, W1T 5DS with a Companies House number of 09937194. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in January 2016, it's largest shareholder is palace capital plc with a 100% stake. Palace Capital (manchester) Limited is a young, small sized company, Pomanda has estimated its turnover at £4.9m with rapid growth in recent years.
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Palace Capital (manchester) Limited Health Check
Pomanda's financial health check has awarded Palace Capital (Manchester) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 10 measures and has 0 areas for improvement. Company Health Check FAQs
10 Strong
0 Regular
0 Weak
Size
annual sales of £4.9m, make it larger than the average company (£922k)
£4.9m - Palace Capital (manchester) Limited
£922k - Industry AVG
Growth
3 year (CAGR) sales growth of 72%, show it is growing at a faster rate (4.9%)
72% - Palace Capital (manchester) Limited
4.9% - Industry AVG
Production
with a gross margin of 92.2%, this company has a lower cost of product (75.6%)
92.2% - Palace Capital (manchester) Limited
75.6% - Industry AVG
Profitability
an operating margin of 62.2% make it more profitable than the average company (29.5%)
62.2% - Palace Capital (manchester) Limited
29.5% - Industry AVG
Employees
with 11 employees, this is above the industry average (4)
- Palace Capital (manchester) Limited
4 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Palace Capital (manchester) Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £446.6k, this is more efficient (£178.7k)
- Palace Capital (manchester) Limited
£178.7k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (30 days)
4 days - Palace Capital (manchester) Limited
30 days - Industry AVG
Creditor Days
its suppliers are paid after 63 days, this is slower than average (38 days)
63 days - Palace Capital (manchester) Limited
38 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Palace Capital (manchester) Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 52 weeks, this is more cash available to meet short term requirements (12 weeks)
52 weeks - Palace Capital (manchester) Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 3.3%, this is a lower level of debt than the average (63.8%)
3.3% - Palace Capital (manchester) Limited
63.8% - Industry AVG
PALACE CAPITAL (MANCHESTER) LIMITED financials
Palace Capital (Manchester) Limited's latest turnover from March 2024 is £4.9 million and the company has net assets of £8.9 million. According to their latest financial statements, we estimate that Palace Capital (Manchester) Limited has 11 employees and maintains cash reserves of £309 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 4,912,191 | 1,051,394 | 936,768 | 957,427 | 828,925 | 674,657 | 783,365 | 471,808 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 381,052 | 196,788 | 166,160 | 302,560 | 162,121 | 121,531 | 112,730 | -34,077 |
| Gross Profit | 4,531,139 | 854,606 | 770,608 | 654,867 | 666,804 | 553,126 | 670,635 | 505,885 |
| Admin Expenses | 1,473,890 | 4,564,389 | 497,067 | 505,653 | -251,966 | 130,277 | -1,940,687 | 190,731 |
| Operating Profit | 3,057,249 | -3,709,783 | 273,541 | 149,214 | 918,770 | 422,849 | 2,611,322 | 315,154 |
| Interest Payable | 78 | 173,167 | 158,766 | 166,176 | 337,074 | 351,466 | 353,941 | 193,420 |
| Interest Receivable | 0 | 0 | 0 | 42 | 54 | 578 | 5 | 0 |
| Pre-Tax Profit | 3,057,171 | -3,882,950 | 114,775 | -16,920 | 581,750 | 71,961 | 2,257,386 | 121,734 |
| Tax | 0 | 0 | 0 | -4,265 | 348,791 | -9,122 | -283,055 | -80,177 |
| Profit After Tax | 3,057,171 | -3,882,950 | 114,775 | -21,185 | 930,541 | 62,839 | 1,974,331 | 41,557 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 3,057,171 | -3,882,950 | 114,775 | -21,185 | 930,541 | 62,839 | 1,974,331 | 41,557 |
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Number Of Employees | ||||||||
| EBITDA* | 3,057,249 | -3,709,783 | 273,541 | 149,214 | 918,770 | 422,849 | 2,611,322 | 315,154 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 8,708,477 | 10,084,301 | 19,691,081 | 14,764,071 | 14,934,791 | 14,408,367 | 14,294,909 | 12,100,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,708,477 | 10,084,301 | 19,691,081 | 14,764,071 | 14,934,791 | 14,408,367 | 14,294,909 | 12,100,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 58,966 | 217,144 | 64,029 | 175,046 | 67,062 | 28,100 | 55,039 | 72,567 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 134,890 | 176,137 | 242,302 | 285,843 | 431,116 | 122,417 | 20,777 | 49,309 |
| Cash | 309,008 | 282,752 | 958,040 | 496,179 | 277,996 | 559,039 | 539,566 | 422,135 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 502,864 | 676,033 | 1,264,371 | 957,068 | 776,174 | 709,556 | 615,382 | 544,011 |
| total assets | 9,211,341 | 10,760,334 | 20,955,452 | 15,721,139 | 15,710,965 | 15,117,923 | 14,910,291 | 12,644,011 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 150,000 | 5,190,654 | 150,000 | 150,000 | 150,000 | 150,000 | 150,000 |
| Trade Creditors | 65,842 | 232,667 | 371,742 | 299,047 | 283,445 | 90,166 | 0 | 0 |
| Group/Directors Accounts | 0 | 3,084,996 | 0 | 0 | 15,000 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 240,796 | 297,639 | 465,074 | 482,538 | 318,588 | 735,766 | 630,137 | 571,379 |
| total current liabilities | 306,638 | 3,765,302 | 6,027,470 | 931,585 | 767,033 | 975,932 | 780,137 | 721,379 |
| loans | 0 | 1,147,500 | 5,197,500 | 5,173,847 | 5,307,040 | 8,514,473 | 8,574,549 | 8,600,898 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 348,791 | 339,717 | 80,177 |
| total long term liabilities | 0 | 1,147,500 | 5,197,500 | 5,173,847 | 5,307,040 | 8,863,264 | 8,914,266 | 8,681,075 |
| total liabilities | 306,638 | 4,912,802 | 11,224,970 | 6,105,432 | 6,074,073 | 9,839,196 | 9,694,403 | 9,402,454 |
| net assets | 8,904,703 | 5,847,532 | 9,730,482 | 9,615,707 | 9,636,892 | 5,278,727 | 5,215,888 | 3,241,557 |
| total shareholders funds | 8,904,703 | 5,847,532 | 9,730,482 | 9,615,707 | 9,636,892 | 5,278,727 | 5,215,888 | 3,241,557 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 3,057,249 | -3,709,783 | 273,541 | 149,214 | 918,770 | 422,849 | 2,611,322 | 315,154 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | -4,265 | 348,791 | -9,122 | -283,055 | -80,177 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -199,425 | 86,950 | -154,558 | -37,289 | 347,661 | 74,701 | -46,060 | 121,876 |
| Creditors | -166,825 | -139,075 | 72,695 | 15,602 | 193,279 | 90,166 | 0 | 0 |
| Accruals and Deferred Income | -56,843 | -167,435 | -17,464 | 163,950 | -417,178 | 105,629 | 58,758 | 571,379 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -348,791 | 9,074 | 259,540 | 80,177 |
| Cash flow from operations | 3,033,006 | -4,103,243 | 483,330 | 361,790 | 347,210 | 543,895 | 2,692,625 | 764,657 |
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | -1,375,824 | -9,606,780 | 4,927,010 | -170,720 | 526,424 | 113,458 | 2,194,909 | 12,100,000 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | -150,000 | -5,040,654 | 5,040,654 | 0 | 0 | 0 | 0 | 150,000 |
| Group/Directors Accounts | -3,084,996 | 3,084,996 | 0 | -15,000 | 15,000 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -1,147,500 | -4,050,000 | 23,653 | -133,193 | -3,207,433 | -60,076 | -26,349 | 8,600,898 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||
| interest | -78 | -173,167 | -158,766 | -166,134 | -337,020 | -350,888 | -353,936 | -193,420 |
| cash flow from financing | -4,382,574 | -6,178,825 | 4,905,541 | -314,327 | -101,829 | -410,964 | -380,285 | 11,757,478 |
| cash and cash equivalents | ||||||||
| cash | 26,256 | -675,288 | 461,861 | 218,183 | -281,043 | 19,473 | 117,431 | 422,135 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 26,256 | -675,288 | 461,861 | 218,183 | -281,043 | 19,473 | 117,431 | 422,135 |
palace capital (manchester) limited Credit Report and Business Information
Palace Capital (manchester) Limited Competitor Analysis
Perform a competitor analysis for palace capital (manchester) limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in W1T area or any other competitors across 12 key performance metrics.
palace capital (manchester) limited Ownership
PALACE CAPITAL (MANCHESTER) LIMITED group structure
Palace Capital (Manchester) Limited has no subsidiary companies.
Ultimate parent company
1 parent
PALACE CAPITAL (MANCHESTER) LIMITED
09937194
palace capital (manchester) limited directors
Palace Capital (Manchester) Limited currently has 3 directors. The longest serving directors include Mr Edward Azouz (Jul 2024) and Mr Jeffrey Azouz (Jul 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Edward Azouz | United Kingdom | 75 years | Jul 2024 | - | Director |
| Mr Jeffrey Azouz | United Kingdom | 78 years | Jul 2024 | - | Director |
| Mr Aron Azouz | United Kingdom | 37 years | Jul 2024 | - | Director |
P&L
March 2024turnover
4.9m
+367%
operating profit
3.1m
-182%
gross margin
92.3%
+13.48%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
8.9m
+0.52%
total assets
9.2m
-0.14%
cash
309k
+0.09%
net assets
Total assets minus all liabilities
palace capital (manchester) limited company details
company number
09937194
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.
incorporation date
January 2016
age
9
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2024
previous names
palace capital (milton keynes) limited (May 2016)
accountant
-
auditor
-
address
68 grafton way, london, W1T 5DS
Bank
BARCLAYS BANK PLC
Legal Advisor
-
palace capital (manchester) limited 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 palace capital (manchester) limited. Currently there are 0 open charges and 4 have been satisfied in the past.
palace capital (manchester) limited 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 PALACE CAPITAL (MANCHESTER) LIMITED. This can take several minutes, an email will notify you when this has completed.
palace capital (manchester) limited Companies House Filings - See Documents
| date | description | view/download |
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