park new homes ltd
park new homes ltd Company Information
Company Number
11408031
Website
-Registered Address
coppice house halesfield 7, telford, shropshire, TF7 4NA
Industry
Development of building projects
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
joseph park 40%
thomas james park 40%
View Allpark new homes ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK NEW HOMES LTD at £555.3k based on a Turnover of £1.5m and 0.37x industry multiple (adjusted for size and gross margin).
park new homes ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK NEW HOMES LTD at £884.8k based on an EBITDA of £313.9k and a 2.82x industry multiple (adjusted for size and gross margin).
park new homes ltd Estimated Valuation
Pomanda estimates the enterprise value of PARK NEW HOMES LTD at £983.9k based on Net Assets of £635.6k and 1.55x industry multiple (adjusted for liquidity).
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Park New Homes Ltd Overview
Park New Homes Ltd is a live company located in shropshire, TF7 4NA with a Companies House number of 11408031. It operates in the development of building projects sector, SIC Code 41100. Founded in June 2018, it's largest shareholder is joseph park with a 40% stake. Park New Homes Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.5m with rapid growth in recent years.
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Park New Homes Ltd Health Check
Pomanda's financial health check has awarded Park New Homes Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£2.3m)
- Park New Homes Ltd
£2.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 79%, show it is growing at a faster rate (3%)
- Park New Homes Ltd
3% - Industry AVG
Production
with a gross margin of 9%, this company has a higher cost of product (25.4%)
- Park New Homes Ltd
25.4% - Industry AVG
Profitability
an operating margin of 20.9% make it more profitable than the average company (7%)
- Park New Homes Ltd
7% - Industry AVG
Employees
with 3 employees, this is below the industry average (6)
3 - Park New Homes Ltd
6 - Industry AVG
Pay Structure
on an average salary of £47.7k, the company has an equivalent pay structure (£47.7k)
- Park New Homes Ltd
£47.7k - Industry AVG
Efficiency
resulting in sales per employee of £498.7k, this is more efficient (£288.6k)
- Park New Homes Ltd
£288.6k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is earlier than average (28 days)
- Park New Homes Ltd
28 days - Industry AVG
Creditor Days
its suppliers are paid after 251 days, this is slower than average (30 days)
- Park New Homes Ltd
30 days - Industry AVG
Stock Days
it holds stock equivalent to 412 days, this is more than average (175 days)
- Park New Homes Ltd
175 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Park New Homes Ltd
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.4%, this is a similar level of debt than the average (74.3%)
67.4% - Park New Homes Ltd
74.3% - Industry AVG
PARK NEW HOMES LTD financials
Park New Homes Ltd's latest turnover from June 2023 is estimated at £1.5 million and the company has net assets of £635.6 thousand. According to their latest financial statements, Park New Homes Ltd has 3 employees and maintains cash reserves of £2.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| 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 | 3 | 3 | 3 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 345,480 | 254,587 | 256,116 | 8,155 | 0 |
| 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 | 345,480 | 254,587 | 256,116 | 8,155 | 0 |
| Stock & work in progress | 1,540,324 | 1,002,610 | 371,000 | 1,297,422 | 719,688 |
| Trade Debtors | 57,757 | 310,924 | 0 | 349 | 11,007 |
| Group Debtors | 0 | 0 | 0 | 32,628 | 0 |
| Misc Debtors | 0 | 0 | 59,118 | 40,395 | 0 |
| Cash | 2,917 | 1,504 | 14,069 | 27,120 | 4,146 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,600,998 | 1,315,038 | 444,187 | 1,397,914 | 734,841 |
| total assets | 1,946,478 | 1,569,625 | 700,303 | 1,406,069 | 734,841 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 417,304 | 0 |
| Trade Creditors | 937,155 | 836,281 | 355,509 | 109,724 | 735,880 |
| Group/Directors Accounts | 0 | 0 | 0 | 722,084 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 49,577 | 0 |
| total current liabilities | 937,155 | 836,281 | 355,509 | 1,298,689 | 735,880 |
| loans | 0 | 0 | 169,091 | 50,000 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 373,094 | 331,578 | 0 | 0 | 0 |
| provisions | 653 | 872 | 1,162 | 1,549 | 0 |
| total long term liabilities | 373,747 | 332,450 | 170,253 | 51,549 | 0 |
| total liabilities | 1,310,902 | 1,168,731 | 525,762 | 1,350,238 | 735,880 |
| net assets | 635,576 | 400,894 | 174,541 | 55,831 | -1,039 |
| total shareholders funds | 635,576 | 400,894 | 174,541 | 55,831 | -1,039 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 1,147 | 1,529 | 2,039 | 545 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||
| Stock | 537,714 | 631,610 | -926,422 | 577,734 | 719,688 |
| Debtors | -253,167 | 251,806 | -14,254 | 62,365 | 11,007 |
| Creditors | 100,874 | 480,772 | 245,785 | -626,156 | 735,880 |
| Accruals and Deferred Income | 0 | 0 | -49,577 | 49,577 | 0 |
| Deferred Taxes & Provisions | -219 | -290 | -387 | 1,549 | 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 | 0 | 0 | -417,304 | 417,304 | 0 |
| Group/Directors Accounts | 0 | 0 | -722,084 | 722,084 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -169,091 | 119,091 | 50,000 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 41,516 | 331,578 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 1,413 | -12,565 | -13,051 | 22,974 | 4,146 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 1,413 | -12,565 | -13,051 | 22,974 | 4,146 |
park new homes ltd Credit Report and Business Information
Park New Homes Ltd Competitor Analysis
Perform a competitor analysis for park new homes ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in TF7 area or any other competitors across 12 key performance metrics.
park new homes ltd Ownership
PARK NEW HOMES LTD group structure
Park New Homes Ltd has no subsidiary companies.
Ultimate parent company
PARK NEW HOMES LTD
11408031
park new homes ltd directors
Park New Homes Ltd currently has 3 directors. The longest serving directors include Mr James Park (Jun 2018) and Mr Thomas Park (Jun 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Park | United Kingdom | 36 years | Jun 2018 | - | Director |
| Mr Thomas Park | England | 38 years | Jun 2018 | - | Director |
| Mr Joseph Park | United Kingdom | 35 years | Sep 2018 | - | Director |
P&L
June 2023turnover
1.5m
-11%
operating profit
312.8k
0%
gross margin
9%
-3.1%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
635.6k
+0.59%
total assets
1.9m
+0.24%
cash
2.9k
+0.94%
net assets
Total assets minus all liabilities
park new homes ltd company details
company number
11408031
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 2018
age
6
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
June 2023
previous names
N/A
accountant
HOLLINGSWORTH & CO LIMITED
auditor
-
address
coppice house halesfield 7, telford, shropshire, TF7 4NA
Bank
-
Legal Advisor
-
park new homes ltd 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 6 charges/mortgages relating to park new homes ltd. Currently there are 5 open charges and 1 have been satisfied in the past.
park new homes ltd Companies House Filings - See Documents
| date | description | view/download |
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