pargat holding limited
pargat holding limited Company Information
Company Number
10947580
Next Accounts
Jun 2025
Shareholders
ranjit singh
baljit singh
Group Structure
View All
Industry
Activities of head offices
Registered Address
pargat house 40 birmingham road, west bromwich, west midlands, B71 4JZ
Website
http://www.pargat.compargat holding limited Estimated Valuation
Pomanda estimates the enterprise value of PARGAT HOLDING LIMITED at £9.3m based on a Turnover of £22.5m and 0.41x industry multiple (adjusted for size and gross margin).
pargat holding limited Estimated Valuation
Pomanda estimates the enterprise value of PARGAT HOLDING LIMITED at £0 based on an EBITDA of £-478.5k and a 3.28x industry multiple (adjusted for size and gross margin).
pargat holding limited Estimated Valuation
Pomanda estimates the enterprise value of PARGAT HOLDING LIMITED at £34.1m based on Net Assets of £16.2m and 2.11x industry multiple (adjusted for liquidity).
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Pargat Holding Limited Overview
Pargat Holding Limited is a live company located in west midlands, B71 4JZ with a Companies House number of 10947580. It operates in the activities of head offices sector, SIC Code 70100. Founded in September 2017, it's largest shareholder is ranjit singh with a 50% stake. Pargat Holding Limited is a young, large sized company, Pomanda has estimated its turnover at £22.5m with declining growth in recent years.
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Pargat Holding Limited Health Check
Pomanda's financial health check has awarded Pargat Holding Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £22.5m, make it in line with the average company (£19.7m)
£22.5m - Pargat Holding Limited
£19.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (5.8%)
-7% - Pargat Holding Limited
5.8% - Industry AVG
Production
with a gross margin of 2.5%, this company has a higher cost of product (33.1%)
2.5% - Pargat Holding Limited
33.1% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (5.8%)
-3.9% - Pargat Holding Limited
5.8% - Industry AVG
Employees
with 149 employees, this is above the industry average (110)
149 - Pargat Holding Limited
110 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has a lower pay structure (£47.4k)
£26.7k - Pargat Holding Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £151.1k, this is less efficient (£196.6k)
£151.1k - Pargat Holding Limited
£196.6k - Industry AVG
Debtor Days
it gets paid by customers after 73 days, this is later than average (45 days)
73 days - Pargat Holding Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 31 days, this is quicker than average (43 days)
31 days - Pargat Holding Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 251 days, this is more than average (50 days)
251 days - Pargat Holding Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (16 weeks)
15 weeks - Pargat Holding Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.2%, this is a lower level of debt than the average (55.8%)
33.2% - Pargat Holding Limited
55.8% - Industry AVG
PARGAT HOLDING LIMITED financials
Pargat Holding Limited's latest turnover from September 2023 is £22.5 million and the company has net assets of £16.2 million. According to their latest financial statements, Pargat Holding Limited has 149 employees and maintains cash reserves of £2.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Turnover | 22,508,281 | 24,501,986 | 31,054,426 | 27,862,551 | 25,020,519 | 25,361,987 | 29,018,367 |
| Other Income Or Grants | |||||||
| Cost Of Sales | 21,946,296 | 21,487,695 | 26,945,275 | 23,995,721 | 20,578,256 | 20,065,013 | 22,045,411 |
| Gross Profit | 561,985 | 3,014,291 | 4,109,151 | 3,866,830 | 4,442,263 | 5,296,974 | 6,972,956 |
| Admin Expenses | 1,434,430 | 1,649,596 | 1,669,249 | 3,026,796 | 1,446,395 | 1,884,894 | 2,288,495 |
| Operating Profit | -872,445 | 1,364,695 | 2,439,902 | 840,034 | 2,995,868 | 3,412,080 | 4,684,461 |
| Interest Payable | 16,078 | 4,156 | 5,612 | 15,374 | 6,778 | 63,521 | 50,703 |
| Interest Receivable | 17,155 | 1,506 | 290 | 4,437 | 68,169 | 3,781 | 15,928 |
| Pre-Tax Profit | -871,368 | 1,362,045 | 2,434,580 | 1,691,421 | 3,057,259 | 3,352,340 | 6,707,667 |
| Tax | 201,352 | -114,360 | -536,244 | -85,936 | -314,552 | -758,211 | -1,425,818 |
| Profit After Tax | -670,016 | 1,247,685 | 1,898,336 | 1,605,485 | 2,742,707 | 2,594,129 | 5,281,849 |
| Dividends Paid | 100,000 | 100,000 | |||||
| Retained Profit | -770,016 | 1,147,685 | 1,898,336 | 1,605,485 | 2,742,707 | 2,594,129 | 5,281,849 |
| Employee Costs | 3,974,603 | 4,323,047 | 4,954,105 | 4,216,297 | 3,935,806 | 3,672,882 | 3,617,343 |
| Number Of Employees | 149 | 173 | 195 | 167 | 159 | 175 | 174 |
| EBITDA* | -478,493 | 1,802,650 | 2,848,277 | 1,290,617 | 3,505,756 | 3,970,991 | 5,341,151 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,059,180 | 2,422,313 | 2,167,291 | 2,519,089 | 2,818,455 | 3,055,631 | 3,118,974 |
| Intangible Assets | 1,011 | ||||||
| Investments & Other | |||||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 2,060,191 | 2,422,313 | 2,167,291 | 2,519,089 | 2,818,455 | 3,055,631 | 3,118,974 |
| Stock & work in progress | 15,145,871 | 17,196,376 | 15,204,622 | 12,731,993 | 13,596,584 | 10,803,175 | 10,944,828 |
| Trade Debtors | 4,514,751 | 5,370,642 | 6,218,517 | 6,716,775 | 5,480,190 | 5,455,294 | 7,656,889 |
| Group Debtors | |||||||
| Misc Debtors | 310,212 | 468,628 | 650,794 | 346,051 | 561,373 | 425,294 | 654,745 |
| Cash | 2,229,692 | 2,210,168 | 1,831,414 | 3,612,306 | 1,832,232 | 3,660,357 | 1,000,966 |
| misc current assets | |||||||
| total current assets | 22,200,526 | 25,245,814 | 23,905,347 | 23,407,125 | 21,470,379 | 20,344,120 | 20,257,428 |
| total assets | 24,260,717 | 27,668,127 | 26,072,638 | 25,926,214 | 24,288,834 | 23,399,751 | 23,376,402 |
| Bank overdraft | 789,867 | 101,637 | 271,082 | 465,450 | 739,283 | ||
| Bank loan | |||||||
| Trade Creditors | 1,874,397 | 2,550,515 | 1,926,287 | 3,088,400 | 2,193,342 | 1,526,326 | 2,346,017 |
| Group/Directors Accounts | |||||||
| other short term finances | 1,470,195 | 878,634 | 3,112,324 | 3,056,074 | |||
| hp & lease commitments | 48,060 | 48,060 | 4,702 | 25,860 | 44,769 | ||
| other current liabilities | 5,592,032 | 774,870 | 1,904,685 | 960,802 | 2,433,645 | 2,387,892 | 3,840,243 |
| total current liabilities | 7,514,489 | 4,163,312 | 3,830,972 | 5,621,034 | 5,781,405 | 7,517,852 | 10,026,386 |
| loans | |||||||
| hp & lease commitments | 16,414 | 61,926 | 541 | 25,860 | |||
| Accruals and Deferred Income | |||||||
| other liabilities | 267,734 | 290,282 | 312,830 | 335,378 | |||
| provisions | 262,075 | 454,086 | 378,000 | 317,302 | 102,488 | 184,920 | 199,296 |
| total long term liabilities | 546,223 | 806,294 | 690,830 | 652,680 | 102,488 | 185,461 | 225,156 |
| total liabilities | 8,060,712 | 4,969,606 | 4,521,802 | 6,273,714 | 5,883,893 | 7,703,313 | 10,251,542 |
| net assets | 16,200,005 | 22,698,521 | 21,550,836 | 19,652,500 | 18,404,941 | 15,696,438 | 13,124,860 |
| total shareholders funds | 16,200,005 | 22,698,521 | 21,550,836 | 19,652,500 | 18,404,941 | 15,696,438 | 13,124,860 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -872,445 | 1,364,695 | 2,439,902 | 840,034 | 2,995,868 | 3,412,080 | 4,684,461 |
| Depreciation | 371,404 | 415,407 | 408,375 | 450,583 | 509,888 | 558,911 | 656,690 |
| Amortisation | 22,548 | 22,548 | |||||
| Tax | 201,352 | -114,360 | -536,244 | -85,936 | -314,552 | -758,211 | -1,425,818 |
| Stock | -2,050,505 | 1,991,754 | 2,472,629 | -864,591 | 2,793,409 | -141,653 | 10,944,828 |
| Debtors | -1,014,307 | -1,030,041 | -193,515 | 1,021,263 | 160,975 | -2,431,046 | 8,311,634 |
| Creditors | -676,118 | 624,228 | -1,162,113 | 895,058 | 667,016 | -819,691 | 2,346,017 |
| Accruals and Deferred Income | 4,817,162 | -1,129,815 | 943,883 | -1,472,843 | 45,753 | -1,452,351 | 3,840,243 |
| Deferred Taxes & Provisions | -192,011 | 76,086 | 60,698 | 214,814 | -82,432 | -14,376 | 199,296 |
| Cash flow from operations | 6,736,704 | 297,076 | -124,613 | 685,038 | 867,157 | 3,499,061 | -8,955,573 |
| Investing Activities | |||||||
| capital expenditure | -494,943 | 5,153,117 | |||||
| Change in Investments | |||||||
| cash flow from investments | -494,943 | 5,153,117 | |||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | -1,470,195 | 591,561 | -2,233,690 | 56,250 | 3,056,074 | ||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | -45,512 | 109,986 | -4,702 | -21,699 | -44,228 | 70,629 | |
| other long term liabilities | -22,548 | -22,548 | -22,548 | 335,378 | |||
| share issue | |||||||
| interest | 1,077 | -2,650 | -5,322 | -10,937 | 61,391 | -59,740 | -34,775 |
| cash flow from financing | -5,795,483 | 84,788 | -1,498,065 | 553,374 | -2,228,202 | -70,269 | 10,934,939 |
| cash and cash equivalents | |||||||
| cash | 19,524 | 378,754 | -1,780,892 | 1,780,074 | -1,828,125 | 2,659,391 | 1,000,966 |
| overdraft | -789,867 | 789,867 | -101,637 | -169,445 | -194,368 | -273,833 | 739,283 |
| change in cash | 809,391 | -411,113 | -1,679,255 | 1,949,519 | -1,633,757 | 2,933,224 | 261,683 |
pargat holding limited Credit Report and Business Information
Pargat Holding Limited Competitor Analysis
Perform a competitor analysis for pargat holding limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other large companies, companies in B71 area or any other competitors across 12 key performance metrics.
pargat holding limited Ownership
PARGAT HOLDING LIMITED group structure
Pargat Holding Limited has 1 subsidiary company.
pargat holding limited directors
Pargat Holding Limited currently has 3 directors. The longest serving directors include Mr Inderjit Singh (Sep 2017) and Mr Ranjit Singh (Sep 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Inderjit Singh | United Kingdom | 71 years | Sep 2017 | - | Director |
| Mr Ranjit Singh | United Kingdom | 59 years | Sep 2017 | - | Director |
| Mr Baljit Singh | United Kingdom | 56 years | Sep 2017 | - | Director |
P&L
September 2023turnover
22.5m
-8%
operating profit
-872.4k
-164%
gross margin
2.5%
-79.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
16.2m
-0.29%
total assets
24.3m
-0.12%
cash
2.2m
+0.01%
net assets
Total assets minus all liabilities
pargat holding limited company details
company number
10947580
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
September 2017
age
8
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
FORVIS MAZARS LLP
address
pargat house 40 birmingham road, west bromwich, west midlands, B71 4JZ
Bank
-
Legal Advisor
-
pargat holding 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 pargat holding limited.
pargat holding limited Capital Raised & Share Issues BETA
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pargat holding limited Companies House Filings - See Documents
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