palma bidco limited
palma bidco limited Company Information
Company Number
10062099
Website
https://www.thevitagroup.comRegistered Address
kroll advisory ltd the shard, 32 london bridge street, london, SE1 9SG
Industry
Activities of head offices
Telephone
-
Next Accounts Due
646 days late
Group Structure
View All
Shareholders
palma topco limited 100%
palma bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PALMA BIDCO LIMITED at £3.3m based on a Turnover of £1.2m and 2.9x industry multiple (adjusted for size and gross margin).
palma bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PALMA BIDCO LIMITED at £829.2k based on an EBITDA of £165k and a 5.03x industry multiple (adjusted for size and gross margin).
palma bidco limited Estimated Valuation
Pomanda estimates the enterprise value of PALMA BIDCO LIMITED at £8.5m based on Net Assets of £2.3m and 3.66x industry multiple (adjusted for liquidity).
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Palma Bidco Limited Overview
Palma Bidco Limited is a live company located in london, SE1 9SG with a Companies House number of 10062099. It operates in the activities of head offices sector, SIC Code 70100. Founded in March 2016, it's largest shareholder is palma topco limited with a 100% stake. Palma Bidco Limited is a young, small sized company, Pomanda has estimated its turnover at £1.2m with declining growth in recent years.
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Palma Bidco Limited Health Check
Pomanda's financial health check has awarded Palma Bidco Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £1.2m, make it smaller than the average company (£18.2m)
£1.2m - Palma Bidco Limited
£18.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2%)
-7% - Palma Bidco Limited
2% - Industry AVG
Production
with a gross margin of 33.6%, this company has a comparable cost of product (32.3%)
33.6% - Palma Bidco Limited
32.3% - Industry AVG
Profitability
an operating margin of 14.4% make it more profitable than the average company (4.1%)
14.4% - Palma Bidco Limited
4.1% - Industry AVG
Employees
with 3 employees, this is below the industry average (124)
3 - Palma Bidco Limited
124 - Industry AVG
Pay Structure
on an average salary of £254.7k, the company has a higher pay structure (£41.4k)
£254.7k - Palma Bidco Limited
£41.4k - Industry AVG
Efficiency
resulting in sales per employee of £383.3k, this is more efficient (£162.5k)
£383.3k - Palma Bidco Limited
£162.5k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Palma Bidco Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 15 days, this is quicker than average (44 days)
15 days - Palma Bidco Limited
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Palma Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (15 weeks)
0 weeks - Palma Bidco Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (60.5%)
94.4% - Palma Bidco Limited
60.5% - Industry AVG
PALMA BIDCO LIMITED financials
Palma Bidco Limited's latest turnover from December 2020 is £1.2 million and the company has net assets of £2.3 million. According to their latest financial statements, Palma Bidco Limited has 3 employees and maintains cash reserves of £48 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Turnover | 1,150,000 | 5,520,000 | 1,440,000 | 1,440,000 | 811,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 764,000 | 814,000 | 1,014,000 | 960,000 | 612,000 |
| Gross Profit | 386,000 | 4,706,000 | 426,000 | 480,000 | 199,000 |
| Admin Expenses | 221,000 | 210,000 | 112,000 | 500,000 | 119,000 |
| Operating Profit | 165,000 | 4,496,000 | 314,000 | -20,000 | 80,000 |
| Interest Payable | 2,570,000 | 2,479,000 | 2,639,000 | 2,776,000 | 1,287,000 |
| Interest Receivable | 0 | 0 | 16,000 | 0 | 0 |
| Pre-Tax Profit | -2,405,000 | 2,017,000 | 6,641,000 | 204,000 | 2,793,000 |
| Tax | 136,000 | -436,000 | 145,000 | 230,000 | 87,000 |
| Profit After Tax | -2,269,000 | 1,581,000 | 6,786,000 | 434,000 | 2,880,000 |
| Dividends Paid | 0 | 0 | 6,950,000 | 60,000 | 0 |
| Retained Profit | -2,269,000 | 1,581,000 | -164,000 | 374,000 | 2,880,000 |
| Employee Costs | 764,000 | 814,000 | 1,014,000 | 1,295,000 | 612,000 |
| Number Of Employees | 3 | 3 | 5 | 5 | 6 |
| EBITDA* | 165,000 | 4,496,000 | 314,000 | -20,000 | 80,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 30,687,000 | 30,687,000 | 30,687,000 | 30,687,000 | 30,687,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 30,687,000 | 30,687,000 | 30,687,000 | 30,687,000 | 30,687,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 10,834,000 | 11,848,000 | 0 | 8,435,000 | 8,194,000 |
| Misc Debtors | 207,000 | 66,000 | 33,000 | 3,000,000 | 3,067,000 |
| Cash | 48,000 | 21,000 | 4,000 | 6,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 11,089,000 | 11,935,000 | 10,496,000 | 11,441,000 | 11,261,000 |
| total assets | 41,776,000 | 42,622,000 | 41,183,000 | 42,128,000 | 41,948,000 |
| Bank overdraft | 0 | 0 | 1,309,000 | 1,309,000 | 1,309,000 |
| Bank loan | 1,971,000 | 1,309,000 | 0 | 0 | 0 |
| Trade Creditors | 32,000 | 7,000 | 0 | 1,000 | 0 |
| Group/Directors Accounts | 3,221,000 | 3,221,000 | 3,320,000 | 73,000 | 13,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 384,000 | 660,000 | 366,000 | 625,000 | 638,000 |
| total current liabilities | 5,608,000 | 5,197,000 | 4,995,000 | 2,008,000 | 1,960,000 |
| loans | 9,332,000 | 10,212,000 | 11,521,000 | 12,830,000 | 14,139,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 24,504,000 | 22,532,000 | 21,567,000 | 20,549,000 | 19,626,000 |
| provisions | 0 | 0 | 0 | 3,477,000 | 3,333,000 |
| total long term liabilities | 33,836,000 | 32,744,000 | 33,088,000 | 36,856,000 | 37,098,000 |
| total liabilities | 39,444,000 | 37,941,000 | 38,083,000 | 38,864,000 | 39,058,000 |
| net assets | 2,332,000 | 4,681,000 | 3,100,000 | 3,264,000 | 2,890,000 |
| total shareholders funds | 2,332,000 | 4,681,000 | 3,100,000 | 3,264,000 | 2,890,000 |
| Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 165,000 | 4,496,000 | 314,000 | -20,000 | 80,000 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | 136,000 | -436,000 | 145,000 | 230,000 | 87,000 |
| Stock | 0 | 0 | 0 | 0 | 0 |
| Debtors | -873,000 | 1,422,000 | -943,000 | 174,000 | 11,261,000 |
| Creditors | 25,000 | 7,000 | -1,000 | 1,000 | 0 |
| Accruals and Deferred Income | -276,000 | 294,000 | -259,000 | -13,000 | 638,000 |
| Deferred Taxes & Provisions | 0 | 0 | -3,477,000 | 144,000 | 3,333,000 |
| Cash flow from operations | 923,000 | 2,939,000 | -2,335,000 | 168,000 | -7,123,000 |
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 30,687,000 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 662,000 | 1,309,000 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | -99,000 | 3,247,000 | 60,000 | 13,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -880,000 | -1,309,000 | -1,309,000 | -1,309,000 | 14,139,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 1,972,000 | 965,000 | 1,018,000 | 923,000 | 19,626,000 |
| share issue | |||||
| interest | -2,570,000 | -2,479,000 | -2,623,000 | -2,776,000 | -1,287,000 |
| cash flow from financing | -896,000 | -1,613,000 | 333,000 | -3,102,000 | 32,501,000 |
| cash and cash equivalents | |||||
| cash | 27,000 | 17,000 | -2,000 | 6,000 | 0 |
| overdraft | 0 | -1,309,000 | 0 | 0 | 1,309,000 |
| change in cash | 27,000 | 1,326,000 | -2,000 | 6,000 | -1,309,000 |
palma bidco limited Credit Report and Business Information
Palma Bidco Limited Competitor Analysis
Perform a competitor analysis for palma bidco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
palma bidco limited Ownership
PALMA BIDCO LIMITED group structure
Palma Bidco Limited has 1 subsidiary company.
Ultimate parent company
VITA GLOBAL HOLDINGS LTD
#0075669
2 parents
PALMA BIDCO LIMITED
10062099
1 subsidiary
palma bidco limited directors
Palma Bidco Limited currently has 5 directors. The longest serving directors include Mr Grant Berry (Jun 2020) and Mr Daniel O'Riordan (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Grant Berry | England | 57 years | Jun 2020 | - | Director |
| Mr Daniel O'Riordan | England | 49 years | Sep 2021 | - | Director |
| Mr Gilbert Davids | England | 56 years | Sep 2021 | - | Director |
| Mr Darren Round | 60 years | Sep 2021 | - | Director | |
| Mr Mark Lewis | 57 years | Sep 2021 | - | Director |
P&L
December 2020turnover
1.2m
-79%
operating profit
165k
-96%
gross margin
33.6%
-60.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2020net assets
2.3m
-0.5%
total assets
41.8m
-0.02%
cash
48k
+1.29%
net assets
Total assets minus all liabilities
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palma bidco limited company details
company number
10062099
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
March 2016
age
8
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
kroll advisory ltd the shard, 32 london bridge street, london, SE1 9SG
last accounts submitted
December 2020
palma bidco 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 palma bidco limited. Currently there are 0 open charges and 4 have been satisfied in the past.
palma bidco limited Companies House Filings - See Documents
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