palason ltd
palason ltd Company Information
Company Number
11459439
Website
xeinadingroup.comRegistered Address
8th floor, becket house, 36 old jewry, london, EC2R 8DD
Industry
Accounting, and auditing activities
Telephone
02077350750
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
xeinadin uk professional services ltd 51.2%
xeinadin group limited 48.8%
palason ltd Estimated Valuation
Pomanda estimates the enterprise value of PALASON LTD at £760.9k based on a Turnover of £992k and 0.77x industry multiple (adjusted for size and gross margin).
palason ltd Estimated Valuation
Pomanda estimates the enterprise value of PALASON LTD at £0 based on an EBITDA of £-100.2k and a 4.14x industry multiple (adjusted for size and gross margin).
palason ltd Estimated Valuation
Pomanda estimates the enterprise value of PALASON LTD at £2.1m based on Net Assets of £777.7k and 2.72x industry multiple (adjusted for liquidity).
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Palason Ltd Overview
Palason Ltd is a live company located in london, EC2R 8DD with a Companies House number of 11459439. It operates in the accounting and auditing activities sector, SIC Code 69201. Founded in July 2018, it's largest shareholder is xeinadin uk professional services ltd with a 51.2% stake. Palason Ltd is a young, small sized company, Pomanda has estimated its turnover at £992k with declining growth in recent years.
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Palason Ltd Health Check
Pomanda's financial health check has awarded Palason Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £992k, make it larger than the average company (£142.5k)
- Palason Ltd
£142.5k - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (5.5%)
- Palason Ltd
5.5% - Industry AVG
Production
with a gross margin of 48.2%, this company has a higher cost of product (71.6%)
- Palason Ltd
71.6% - Industry AVG
Profitability
an operating margin of -17.2% make it less profitable than the average company (17.2%)
- Palason Ltd
17.2% - Industry AVG
Employees
with 10 employees, this is above the industry average (3)
- Palason Ltd
3 - Industry AVG
Pay Structure
on an average salary of £20.9k, the company has an equivalent pay structure (£20.9k)
- Palason Ltd
£20.9k - Industry AVG
Efficiency
resulting in sales per employee of £99.2k, this is more efficient (£71k)
- Palason Ltd
£71k - Industry AVG
Debtor Days
it gets paid by customers after 195 days, this is later than average (97 days)
- Palason Ltd
97 days - Industry AVG
Creditor Days
its suppliers are paid after 10 days, this is quicker than average (26 days)
- Palason Ltd
26 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Palason Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is average cash available to meet short term requirements (22 weeks)
26 weeks - Palason Ltd
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.2%, this is a lower level of debt than the average (57.9%)
41.2% - Palason Ltd
57.9% - Industry AVG
PALASON LTD financials
Palason Ltd's latest turnover from May 2023 is estimated at £992 thousand and the company has net assets of £777.7 thousand. According to their latest financial statements, we estimate that Palason Ltd has 10 employees and maintains cash reserves of £134.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Turnover | 2,090,378 | ||||
| Other Income Or Grants | 0 | ||||
| Cost Of Sales | 976,758 | ||||
| Gross Profit | 1,113,620 | ||||
| Admin Expenses | 311,079 | ||||
| Operating Profit | 802,541 | ||||
| Interest Payable | 0 | ||||
| Interest Receivable | 0 | ||||
| Pre-Tax Profit | 802,541 | ||||
| Tax | -161,298 | ||||
| Profit After Tax | 641,243 | ||||
| Dividends Paid | 0 | ||||
| Retained Profit | 641,243 | ||||
| Employee Costs | 920,899 | ||||
| Number Of Employees | 35 | ||||
| EBITDA* | 845,474 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Tangible Assets | 342,784 | 409,930 | 471,757 | 306,167 | 0 |
| Intangible Assets | 2 | 2 | 2 | 2 | 0 |
| Investments & Other | 23,062 | 9,947 | 1 | 1 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 365,848 | 419,879 | 471,760 | 306,170 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 55,958 | 0 |
| Trade Debtors | 532,381 | 502,633 | 532,480 | 508,214 | 0 |
| Group Debtors | 260,000 | 500,000 | 0 | 0 | 0 |
| Misc Debtors | 29,442 | 81,408 | 34,002 | 1,910 | 0 |
| Cash | 134,784 | 62,335 | 523,586 | 345,135 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 956,607 | 1,146,376 | 1,090,068 | 911,217 | 0 |
| total assets | 1,322,455 | 1,566,255 | 1,561,828 | 1,217,387 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,158 | 12,334 | 14,320 | 37,836 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 63,996 | 61,210 | 58,547 | 37,764 | 0 |
| other current liabilities | 183,846 | 202,505 | 287,771 | 402,342 | 0 |
| total current liabilities | 262,000 | 276,049 | 360,638 | 477,942 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 282,744 | 346,741 | 407,951 | 284,994 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 1,596 | 0 | 0 |
| total long term liabilities | 282,744 | 346,741 | 409,547 | 284,994 | 0 |
| total liabilities | 544,744 | 622,790 | 770,185 | 762,936 | 0 |
| net assets | 777,711 | 943,465 | 791,643 | 454,451 | 0 |
| total shareholders funds | 777,711 | 943,465 | 791,643 | 454,451 | 0 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 802,541 | ||||
| Depreciation | 69,945 | 70,669 | 0 | 42,933 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | -161,298 | ||||
| Stock | 0 | 0 | -55,958 | 55,958 | 0 |
| Debtors | -262,218 | 517,559 | 56,358 | 510,124 | 0 |
| Creditors | 1,824 | -1,986 | -23,516 | 37,836 | 0 |
| Accruals and Deferred Income | -18,659 | -85,266 | -114,571 | 402,342 | 0 |
| Deferred Taxes & Provisions | 0 | -1,596 | 1,596 | 0 | 0 |
| Cash flow from operations | 558,272 | ||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 13,115 | 9,946 | 0 | 1 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -61,211 | -58,547 | 143,740 | 322,758 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | 0 | ||||
| cash flow from financing | 135,966 | ||||
| cash and cash equivalents | |||||
| cash | 72,449 | -461,251 | 178,451 | 345,135 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 72,449 | -461,251 | 178,451 | 345,135 | 0 |
palason ltd Credit Report and Business Information
Palason Ltd Competitor Analysis
Perform a competitor analysis for palason ltd by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in EC2R area or any other competitors across 12 key performance metrics.
palason ltd Ownership
PALASON LTD group structure
Palason Ltd has 1 subsidiary company.
Ultimate parent company
2 parents
PALASON LTD
11459439
1 subsidiary
palason ltd directors
Palason Ltd currently has 4 directors. The longest serving directors include Mr Richard Plasek (Jun 2019) and Mr Jonathan Wall (Jul 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Richard Plasek | England | 50 years | Jun 2019 | - | Director |
| Mr Jonathan Wall | England | 60 years | Jul 2022 | - | Director |
| Mr Paul Davies | England | 63 years | Jan 2024 | - | Director |
| Mr Donald Nelson | England | 61 years | Jan 2024 | - | Director |
P&L
May 2023turnover
992k
+15%
operating profit
-170.2k
0%
gross margin
48.2%
-0.66%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
777.7k
-0.18%
total assets
1.3m
-0.16%
cash
134.8k
+1.16%
net assets
Total assets minus all liabilities
Similar Companies
palason ltd company details
company number
11459439
Type
Private limited with Share Capital
industry
69201 - Accounting, and auditing activities
incorporation date
July 2018
age
6
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
8th floor, becket house, 36 old jewry, london, EC2R 8DD
Bank
-
Legal Advisor
-
palason 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 1 charges/mortgages relating to palason ltd. Currently there are 1 open charges and 0 have been satisfied in the past.
palason ltd Companies House Filings - See Documents
| date | description | view/download |
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