Solomon Group Holdings Limited

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solomon group holdings limited Company Information

Company Number

10481689

Next Accounts

Sep 2025

Directors

Andrew Ward

Marian Ward

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Shareholders

andrew michael ward

Group Structure

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Industry

Other business support service activities n.e.c.

Registered Address

45 city road, chester, CH1 3AE

Website

www.solomonnewhomes.com

solomon group holdings limited Estimated Valuation

£6.7m

Pomanda estimates the enterprise value of SOLOMON GROUP HOLDINGS LIMITED at £6.7m based on an EBITDA of £1.5m and a 4.38x industry multiple (adjusted for size and gross margin).

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Solomon Group Holdings Limited is a live company located in chester, CH1 3AE with a Companies House number of 10481689. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in November 2016, it's largest shareholder is andrew michael ward with a 100% stake. Solomon Group Holdings Limited is a young, small sized company, Pomanda has estimated its turnover at £4.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Solomon Group Holdings Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

3 Weak

Size

annual sales of £4.1m, make it in line with the average company (£4.8m)

Growth

3 year (CAGR) sales growth of -46%, show it is growing at a slower rate (6.7%)

EXPORT

Solomon Group Holdings Limited's latest turnover from December 2023 is estimated at £4.1 million and the company has net assets of -£540.6 thousand. According to their latest financial statements, Solomon Group Holdings Limited has 7 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017
Turnover	4,149,472	30,019,914	28,790,197	25,713,765	11,985,600	1,603,418	288,467
Other Income Or Grants
Cost Of Sales	2,565,035	18,512,319	18,024,526	16,157,418	7,487,336	1,007,786	177,520
Gross Profit	1,584,436	11,507,595	10,765,671	9,556,347	4,498,264	595,632	110,948
Admin Expenses	112,573	14,453,609	9,675,024	9,036,674	4,447,223	446,345	265,366
Operating Profit	1,471,863	-2,946,014	1,090,647	519,673	51,041	149,287	-154,418
Interest Payable	6,273	3,615	2,888	1,525	1,550	4,925	3,250
Interest Receivable	356	7,052	881	213	1,130	738	15
Pre-Tax Profit	1,465,945	-2,942,577	1,088,640	518,360	50,621	145,100	-157,653
Tax	-366,486		-206,842	-98,488	-9,618	-27,569
Profit After Tax	1,099,459	-2,942,577	881,798	419,872	41,003	117,531	-157,653
Dividends Paid
Retained Profit	1,099,459	-2,942,577	881,798	419,872	41,003	117,531	-157,653
Employee Costs	377,489	256,770	244,189	185,656	91,940	88,550	38,082
Number Of Employees	7	5	5	4	2	2	1
EBITDA*	1,540,981	-2,865,459	1,175,787	584,644	88,636	168,661	-154,418

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017
Tangible Assets	136,526	200,253	222,034	208,013	112,192	59,565	2,600
Intangible Assets	8,673	14,064	19,454	3,164	4,219
Investments & Other	63,550	66,748	53,198
Debtors (Due After 1 year)
Total Fixed Assets	208,749	281,065	294,686	211,177	116,411	59,565	2,600
Stock & work in progress
Trade Debtors	382,552	4,938,266	5,373,336	4,357,791	1,968,231
Group Debtors
Misc Debtors	740,553	531,163	2,175,419	1,470,595	748,933	199,199	25,341
Cash		13,562	389,425	315,212	110,434	190,782	6,002
misc current assets
total current assets	1,123,105	5,482,991	7,938,180	6,143,598	2,827,598	389,981	31,343
total assets	1,331,854	5,764,056	8,232,866	6,354,775	2,944,009	449,546	33,943
Bank overdraft	58,169	8,734	10,596
Bank loan
Trade Creditors	1,225,759	6,938,031	5,700,769	5,271,483	2,764,870	443,747	70,849
Group/Directors Accounts							17,246
other short term finances
hp & lease commitments	50,004	12,060	33,263	66,490	23,456
other current liabilities	423,524	389,200	1,060,560	497,237	88,037		3,500
total current liabilities	1,757,456	7,348,025	6,805,188	5,835,210	2,876,363	443,747	91,595
loans	19,674	24,950	31,822	50,000		45,920	100,000
hp & lease commitments	95,290	31,106	93,304	48,811	66,764
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities	114,964	56,056	125,126	98,811	66,764	45,920	100,000
total liabilities	1,872,420	7,404,081	6,930,314	5,934,021	2,943,127	489,667	191,595
net assets	-540,566	-1,640,025	1,302,552	420,754	882	-40,121	-157,652
total shareholders funds	-540,566	-1,640,025	1,302,552	420,754	882	-40,121	-157,652

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Nov 2017
Operating Activities
Operating Profit	1,471,863	-2,946,014	1,090,647	519,673	51,041	149,287	-154,418
Depreciation	63,727	75,165	79,749	63,916	36,540	19,374
Amortisation	5,391	5,390	5,391	1,055	1,055
Tax	-366,486		-206,842	-98,488	-9,618	-27,569
Stock
Debtors	-4,346,324	-2,079,326	1,720,369	3,111,222	2,517,965	173,858	25,341
Creditors	-5,712,272	1,237,262	429,286	2,506,613	2,321,123	372,898	70,849
Accruals and Deferred Income	34,324	-671,360	563,323	409,200	88,037	-3,500	3,500
Deferred Taxes & Provisions
Cash flow from operations	-157,129	-220,231	241,185	290,747	-29,787	336,632	-105,410
Investing Activities
capital expenditure		-53,384	-115,451	-159,737	-94,441	-76,339	-2,600
Change in Investments	-3,198	13,550	53,198
cash flow from investments	3,198	-66,934	-168,649	-159,737	-94,441	-76,339	-2,600
Financing Activities
Bank loans
Group/Directors Accounts						-17,246	17,246
Other Short Term Loans
Long term loans	-5,276	-6,872	-18,178	50,000	-45,920	-54,080	100,000
Hire Purchase and Lease Commitments	102,128	-83,401	11,266	25,081	90,220
other long term liabilities
share issue							1
interest	-5,917	3,437	-2,007	-1,312	-420	-4,187	-3,235
cash flow from financing	90,935	-86,836	-8,919	73,769	43,880	-75,513	114,012
cash and cash equivalents
cash	-13,562	-375,863	74,213	204,778	-80,348	184,780	6,002
overdraft	49,435	-1,862	10,596
change in cash	-62,997	-374,001	63,617	204,778	-80,348	184,780	6,002

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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SOLOMON GROUP HOLDINGS LIMITED group structure

Solomon Group Holdings Limited has no subsidiary companies.

Ultimate parent company

SOLOMON GROUP HOLDINGS LIMITED

10481689

SOLOMON GROUP HOLDINGS LIMITED Shareholders

andrew michael ward

100%

Solomon Group Holdings Limited currently has 3 directors. The longest serving directors include Mr Andrew Ward (Nov 2016) and Mrs Marian Ward (Dec 2018).

officer	country	age	start	end	role
Mr Andrew Ward	England	61 years	Nov 2016	-	Director
Mrs Marian Ward	England	58 years	Dec 2018	-	Director
Mrs Marian Ward	United Kingdom	58 years	Dec 2018	-	Director

P&L

December 2023

turnover

4.1m

-86%

operating profit

1.5m

gross margin

38.2%

-0.39%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

-540.6k

-0.67%

total assets

1.3m

-0.77%

cash

-1%

net assets

Total assets minus all liabilities

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company number

10481689

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

November 2016

ultimate parent company

None

previous names

solomon new homes international limited (August 2022)

address

45 city road, chester, CH1 3AE

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 solomon group holdings limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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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solomon group holdings limited Company Information

solomon group holdings limited Estimated Valuation

solomon group holdings limited Estimated Valuation

solomon group holdings limited Estimated Valuation

Solomon Group Holdings Limited Overview

Solomon Group Holdings Limited Health Check

SOLOMON GROUP HOLDINGS LIMITED financials

solomon group holdings limited Credit Report and Business Information

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solomon group holdings limited Ownership

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