old bishop's palace limited
old bishop's palace limited Company Information
Company Number
10930657
Website
-Registered Address
suite 2a, rossett business villa, llyndir lane, wrexham, LL12 0AY
Industry
Event catering activities
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
exclusive events venues limited 100%
old bishop's palace limited Estimated Valuation
Pomanda estimates the enterprise value of OLD BISHOP'S PALACE LIMITED at £250.3k based on a Turnover of £556.7k and 0.45x industry multiple (adjusted for size and gross margin).
old bishop's palace limited Estimated Valuation
Pomanda estimates the enterprise value of OLD BISHOP'S PALACE LIMITED at £896.6k based on an EBITDA of £232.4k and a 3.86x industry multiple (adjusted for size and gross margin).
old bishop's palace limited Estimated Valuation
Pomanda estimates the enterprise value of OLD BISHOP'S PALACE LIMITED at £0 based on Net Assets of £-1.9m and 2.93x industry multiple (adjusted for liquidity).
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Old Bishop's Palace Limited Overview
Old Bishop's Palace Limited is a live company located in wrexham, LL12 0AY with a Companies House number of 10930657. It operates in the event catering activities sector, SIC Code 56210. Founded in August 2017, it's largest shareholder is exclusive events venues limited with a 100% stake. Old Bishop's Palace Limited is a young, small sized company, Pomanda has estimated its turnover at £556.7k with rapid growth in recent years.
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Old Bishop's Palace Limited Health Check
Pomanda's financial health check has awarded Old Bishop'S Palace Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £556.7k, make it in line with the average company (£647.1k)
- Old Bishop's Palace Limited
£647.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 68%, show it is growing at a faster rate (-6.5%)
- Old Bishop's Palace Limited
-6.5% - Industry AVG
Production
with a gross margin of 37%, this company has a comparable cost of product (37%)
- Old Bishop's Palace Limited
37% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (4.9%)
- Old Bishop's Palace Limited
4.9% - Industry AVG
Employees
with 18 employees, this is above the industry average (13)
18 - Old Bishop's Palace Limited
13 - Industry AVG
Pay Structure
on an average salary of £18.7k, the company has an equivalent pay structure (£18.7k)
- Old Bishop's Palace Limited
£18.7k - Industry AVG
Efficiency
resulting in sales per employee of £30.9k, this is less efficient (£47.4k)
- Old Bishop's Palace Limited
£47.4k - Industry AVG
Debtor Days
it gets paid by customers after 19 days, this is earlier than average (34 days)
- Old Bishop's Palace Limited
34 days - Industry AVG
Creditor Days
its suppliers are paid after 133 days, this is slower than average (34 days)
- Old Bishop's Palace Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 10 days, this is in line with average (10 days)
- Old Bishop's Palace Limited
10 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (23 weeks)
6 weeks - Old Bishop's Palace Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 126.8%, this is a higher level of debt than the average (85.5%)
126.8% - Old Bishop's Palace Limited
85.5% - Industry AVG
old bishop's palace limited Credit Report and Business Information
Old Bishop's Palace Limited Competitor Analysis
Perform a competitor analysis for old bishop's palace limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
old bishop's palace limited Ownership
OLD BISHOP'S PALACE LIMITED group structure
Old Bishop'S Palace Limited has no subsidiary companies.
Ultimate parent company
1 parent
OLD BISHOP'S PALACE LIMITED
10930657
old bishop's palace limited directors
Old Bishop'S Palace Limited currently has 4 directors. The longest serving directors include Mr Angus Hastie (Nov 2017) and Mr Martin Robertson (Sep 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Angus Hastie | Wales | 49 years | Nov 2017 | - | Director |
| Mr Martin Robertson | England | 57 years | Sep 2019 | - | Director |
| Mr Martin Robertson | 57 years | Sep 2019 | - | Director | |
| Mr Colin Corbally | United Kingdom | 55 years | Jun 2021 | - | Director |
OLD BISHOP'S PALACE LIMITED financials
Old Bishop'S Palace Limited's latest turnover from December 2022 is estimated at £556.7 thousand and the company has net assets of -£1.9 million. According to their latest financial statements, Old Bishop'S Palace Limited has 18 employees and maintains cash reserves of £824.2 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| 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 | 18 | 6 | 5 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 6,304,527 | 6,493,424 | 6,680,910 | 6,575,849 | 4,520,670 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 6,304,527 | 6,493,424 | 6,680,910 | 6,575,849 | 4,520,670 |
| Stock & work in progress | 10,335 | 11,567 | 3,907 | 0 | 0 |
| Trade Debtors | 29,377 | 11,693 | 1,165 | 8,245 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 98,373 | 98,387 | 123,781 | 80,796 | 193,189 |
| Cash | 824,237 | 1,170,078 | 131,587 | 411,314 | 2,149 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 962,322 | 1,291,725 | 260,440 | 500,355 | 195,338 |
| total assets | 7,266,849 | 7,785,149 | 6,941,350 | 7,076,204 | 4,716,008 |
| Bank overdraft | 0 | 0 | 0 | 127,900 | 0 |
| Bank loan | 234,548 | 199,548 | 179,518 | 0 | 0 |
| Trade Creditors | 128,372 | 152,668 | 61,418 | 28,709 | 324,732 |
| Group/Directors Accounts | 5,556,161 | 5,368,881 | 5,129,788 | 4,996,202 | 4,502,654 |
| other short term finances | 137,500 | 137,500 | 137,500 | 137,500 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 894,047 | 1,202,893 | 566,439 | 298,803 | 4,474 |
| total current liabilities | 6,950,628 | 7,061,490 | 6,074,663 | 5,589,114 | 4,831,860 |
| loans | 2,060,673 | 2,278,718 | 2,198,298 | 2,104,597 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 204,214 | 177,274 | 102,504 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 2,264,887 | 2,455,992 | 2,300,802 | 2,104,597 | 0 |
| total liabilities | 9,215,515 | 9,517,482 | 8,375,465 | 7,693,711 | 4,831,860 |
| net assets | -1,948,666 | -1,732,333 | -1,434,115 | -617,507 | -115,852 |
| total shareholders funds | -1,948,666 | -1,732,333 | -1,434,115 | -617,507 | -115,852 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 243,813 | 236,321 | 195,489 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | -1,232 | 7,660 | 3,907 | 0 | 0 |
| Debtors | 17,670 | -14,866 | 35,905 | -104,148 | 193,189 |
| Creditors | -24,296 | 91,250 | 32,709 | -296,023 | 324,732 |
| Accruals and Deferred Income | -281,906 | 711,224 | 370,140 | 294,329 | 4,474 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 35,000 | 20,030 | 179,518 | 0 | 0 |
| Group/Directors Accounts | 187,280 | 239,093 | 133,586 | 493,548 | 4,502,654 |
| Other Short Term Loans | 0 | 0 | 0 | 137,500 | 0 |
| Long term loans | -218,045 | 80,420 | 93,701 | 2,104,597 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | -345,841 | 1,038,491 | -279,727 | 409,165 | 2,149 |
| overdraft | 0 | 0 | -127,900 | 127,900 | 0 |
| change in cash | -345,841 | 1,038,491 | -151,827 | 281,265 | 2,149 |
P&L
December 2022turnover
556.7k
+49%
operating profit
-11.4k
0%
gross margin
37%
+23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
-1.9m
+0.12%
total assets
7.3m
-0.07%
cash
824.2k
-0.3%
net assets
Total assets minus all liabilities
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old bishop's palace limited company details
company number
10930657
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
August 2017
age
7
accounts
Small Company
ultimate parent company
previous names
N/A
incorporated
UK
address
suite 2a, rossett business villa, llyndir lane, wrexham, LL12 0AY
last accounts submitted
December 2022
old bishop's palace 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 did not find charges/mortgages relating to old bishop's palace limited.
old bishop's palace limited Companies House Filings - See Documents
| date | description | view/download |
|---|
