palm spas limited
palm spas limited Company Information
Company Number
09944438
Website
palmspas.co.ukRegistered Address
8/9 8/9, new street, alfreton, derbyshire, DE55 7BP
Industry
Retail sale via mail order houses or via Internet
Telephone
01773591541
Next Accounts Due
October 2025
Group Structure
View All
Shareholders
jamie bowmer 100%
palm spas limited Estimated Valuation
Pomanda estimates the enterprise value of PALM SPAS LIMITED at £1.4m based on a Turnover of £5.1m and 0.27x industry multiple (adjusted for size and gross margin).
palm spas limited Estimated Valuation
Pomanda estimates the enterprise value of PALM SPAS LIMITED at £20k based on an EBITDA of £5.5k and a 3.65x industry multiple (adjusted for size and gross margin).
palm spas limited Estimated Valuation
Pomanda estimates the enterprise value of PALM SPAS LIMITED at £4.3m based on Net Assets of £2.1m and 2.07x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Palm Spas Limited Overview
Palm Spas Limited is a live company located in alfreton, DE55 7BP with a Companies House number of 09944438. It operates in the retail sale via mail order houses or via internet sector, SIC Code 47910. Founded in January 2016, it's largest shareholder is jamie bowmer with a 100% stake. Palm Spas Limited is a young, mid sized company, Pomanda has estimated its turnover at £5.1m with rapid growth in recent years.
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Palm Spas Limited Health Check
Pomanda's financial health check has awarded Palm Spas Limited a 4 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
1 Regular
4 Weak
Size
annual sales of £5.1m, make it larger than the average company (£212.3k)
- Palm Spas Limited
£212.3k - Industry AVG
Growth
3 year (CAGR) sales growth of 92%, show it is growing at a faster rate (5.1%)
- Palm Spas Limited
5.1% - Industry AVG
Production
with a gross margin of 21.6%, this company has a higher cost of product (37.5%)
- Palm Spas Limited
37.5% - Industry AVG
Profitability
an operating margin of 0.1% make it less profitable than the average company (2.8%)
- Palm Spas Limited
2.8% - Industry AVG
Employees
with 16 employees, this is above the industry average (3)
- Palm Spas Limited
3 - Industry AVG
Pay Structure
on an average salary of £26.9k, the company has an equivalent pay structure (£26.9k)
- Palm Spas Limited
£26.9k - Industry AVG
Efficiency
resulting in sales per employee of £318.3k, this is more efficient (£135.8k)
- Palm Spas Limited
£135.8k - Industry AVG
Debtor Days
it gets paid by customers after 132 days, this is later than average (26 days)
- Palm Spas Limited
26 days - Industry AVG
Creditor Days
its suppliers are paid after 19 days, this is quicker than average (32 days)
- Palm Spas Limited
32 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Palm Spas Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Palm Spas Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.4%, this is a lower level of debt than the average (73.2%)
9.4% - Palm Spas Limited
73.2% - Industry AVG
PALM SPAS LIMITED financials
Palm Spas Limited's latest turnover from January 2024 is estimated at £5.1 million and the company has net assets of £2.1 million. According to their latest financial statements, we estimate that Palm Spas Limited has 16 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| 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 | 7 | 9 | 9 | 2 | 1 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 439,635 | 441,530 | 433,120 | 42,133 | 30,290 | 25,237 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 439,635 | 441,530 | 433,120 | 42,133 | 30,290 | 25,237 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 1,794,690 | 107,000 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,855,311 | 1,910,252 | 37,289 | 154,815 | 149,603 | 81,984 | 32,605 | 9,435 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 276,239 | 1,002,520 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,855,311 | 1,910,252 | 2,108,218 | 1,264,335 | 149,603 | 81,984 | 32,605 | 9,435 |
| total assets | 2,294,946 | 2,351,782 | 2,541,338 | 1,306,468 | 179,893 | 107,221 | 32,605 | 9,435 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 211,638 | 93,808 | 286,991 | 323,084 | 31,460 | 27,052 | 5,934 | 193 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 211,638 | 93,808 | 286,991 | 323,084 | 31,460 | 27,052 | 5,934 | 193 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 3,749 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 158,981 | 174,242 | 0 | 20,102 | 21,244 | 6,466 | 9,280 |
| provisions | 0 | 23,547 | 23,547 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,749 | 182,528 | 197,789 | 0 | 20,102 | 21,244 | 6,466 | 9,280 |
| total liabilities | 215,387 | 276,336 | 484,780 | 323,084 | 51,562 | 48,296 | 12,400 | 9,473 |
| net assets | 2,079,559 | 2,075,446 | 2,056,558 | 983,384 | 128,331 | 58,925 | 20,205 | -38 |
| total shareholders funds | 2,079,559 | 2,075,446 | 2,056,558 | 983,384 | 128,331 | 58,925 | 20,205 | -38 |
| Jan 2024 | Jan 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | ||||||||
| Depreciation | 30,086 | 30,153 | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |||
| Tax | ||||||||
| Stock | 0 | -1,794,690 | 1,687,690 | 107,000 | 0 | 0 | 0 | 0 |
| Debtors | -54,941 | 1,872,963 | -117,526 | 5,212 | 67,619 | 49,379 | 23,170 | 9,435 |
| Creditors | 117,830 | -193,183 | -36,093 | 291,624 | 4,408 | 21,118 | 5,741 | 193 |
| Accruals and Deferred Income | 3,749 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -23,547 | 0 | 23,547 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||
| Investing Activities | ||||||||
| capital expenditure | ||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -158,981 | -15,261 | 174,242 | -20,102 | -1,142 | 14,778 | -2,814 | 9,280 |
| share issue | ||||||||
| interest | ||||||||
| cash flow from financing | ||||||||
| cash and cash equivalents | ||||||||
| cash | 0 | -276,239 | -726,281 | 1,002,520 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | -276,239 | -726,281 | 1,002,520 | 0 | 0 | 0 | 0 |
palm spas limited Credit Report and Business Information
Palm Spas Limited Competitor Analysis
Perform a competitor analysis for palm spas limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in DE55 area or any other competitors across 12 key performance metrics.
palm spas limited Ownership
PALM SPAS LIMITED group structure
Palm Spas Limited has no subsidiary companies.
Ultimate parent company
PALM SPAS LIMITED
09944438
palm spas limited directors
Palm Spas Limited currently has 2 directors. The longest serving directors include Mr Jamie Bowmer (Jan 2016) and Mr Gareth Bowmer (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jamie Bowmer | United Kingdom | 35 years | Jan 2016 | - | Director |
| Mr Gareth Bowmer | United Kingdom | 38 years | Jun 2021 | - | Director |
P&L
January 2024turnover
5.1m
+15%
operating profit
5.5k
0%
gross margin
21.7%
+8.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
January 2024net assets
2.1m
0%
total assets
2.3m
-0.02%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
palm spas limited company details
company number
09944438
Type
Private limited with Share Capital
industry
47910 - Retail sale via mail order houses or via Internet
incorporation date
January 2016
age
8
incorporated
UK
accounts
Micro-Entity Accounts
ultimate parent company
previous names
j.a.q limited (April 2018)
last accounts submitted
January 2024
address
8/9 8/9, new street, alfreton, derbyshire, DE55 7BP
accountant
-
auditor
-
palm spas 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 2 charges/mortgages relating to palm spas limited. Currently there are 2 open charges and 0 have been satisfied in the past.
palm spas limited Companies House Filings - See Documents
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