patten art ltd
patten art ltd Company Information
Company Number
12267173
Website
-Registered Address
1st floor cloister house, new bailey street, salford, M3 5FS
Industry
Retail sale in commercial art galleries
Telephone
-
Next Accounts Due
April 2025
Group Structure
View All
Shareholders
alexandra patten 50%
neil patten 50%
patten art ltd Estimated Valuation
Pomanda estimates the enterprise value of PATTEN ART LTD at £32k based on a Turnover of £109.4k and 0.29x industry multiple (adjusted for size and gross margin).
patten art ltd Estimated Valuation
Pomanda estimates the enterprise value of PATTEN ART LTD at £0 based on an EBITDA of £-2.3k and a 3.28x industry multiple (adjusted for size and gross margin).
patten art ltd Estimated Valuation
Pomanda estimates the enterprise value of PATTEN ART LTD at £0 based on Net Assets of £-8.5k and 1.7x industry multiple (adjusted for liquidity).
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Patten Art Ltd Overview
Patten Art Ltd is a live company located in salford, M3 5FS with a Companies House number of 12267173. It operates in the retail sale in commercial art galleries sector, SIC Code 47781. Founded in October 2019, it's largest shareholder is alexandra patten with a 50% stake. Patten Art Ltd is a young, micro sized company, Pomanda has estimated its turnover at £109.4k with declining growth in recent years.
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Patten Art Ltd Health Check
Pomanda's financial health check has awarded Patten Art Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £109.4k, make it smaller than the average company (£4.6m)
- Patten Art Ltd
£4.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (5.3%)
- Patten Art Ltd
5.3% - Industry AVG
Production
with a gross margin of 23.4%, this company has a higher cost of product (29.4%)
- Patten Art Ltd
29.4% - Industry AVG
Profitability
an operating margin of -2.1% make it less profitable than the average company (6.2%)
- Patten Art Ltd
6.2% - Industry AVG
Employees
with 1 employees, this is below the industry average (8)
- Patten Art Ltd
8 - Industry AVG
Pay Structure
on an average salary of £69.9k, the company has an equivalent pay structure (£69.9k)
- Patten Art Ltd
£69.9k - Industry AVG
Efficiency
resulting in sales per employee of £109.4k, this is less efficient (£814.3k)
- Patten Art Ltd
£814.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (26 days)
- Patten Art Ltd
26 days - Industry AVG
Creditor Days
its suppliers are paid after 436 days, this is slower than average (47 days)
- Patten Art Ltd
47 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Patten Art Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Patten Art Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 109.2%, this is a higher level of debt than the average (67.5%)
109.2% - Patten Art Ltd
67.5% - Industry AVG
PATTEN ART LTD financials
Patten Art Ltd's latest turnover from July 2023 is estimated at £109.4 thousand and the company has net assets of -£8.5 thousand. According to their latest financial statements, we estimate that Patten Art Ltd has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| 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 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| Tangible Assets | 91,700 | 89,807 | 86,630 | 85,514 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 2 | 2 | 2 | 2 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 91,702 | 89,809 | 86,632 | 85,516 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 71 | 63 | 74 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 71 | 63 | 74 | 0 |
| total assets | 91,773 | 89,872 | 86,706 | 85,516 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 100,236 | 96,002 | 90,677 | 87,492 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 |
| total current liabilities | 100,236 | 96,002 | 90,677 | 87,492 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 |
| total liabilities | 100,236 | 96,002 | 90,677 | 87,492 |
| net assets | -8,463 | -6,130 | -3,971 | -1,976 |
| total shareholders funds | -8,463 | -6,130 | -3,971 | -1,976 |
| Jul 2023 | Jul 2022 | Jul 2021 | Jul 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | ||||
| Amortisation | ||||
| Tax | ||||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | 8 | -11 | 74 | 0 |
| Creditors | 4,234 | 5,325 | 3,185 | 87,492 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 2 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 |
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 |
patten art ltd Credit Report and Business Information
Patten Art Ltd Competitor Analysis
Perform a competitor analysis for patten art ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in M 3 area or any other competitors across 12 key performance metrics.
patten art ltd Ownership
PATTEN ART LTD group structure
Patten Art Ltd has no subsidiary companies.
Ultimate parent company
PATTEN ART LTD
12267173
patten art ltd directors
Patten Art Ltd currently has 2 directors. The longest serving directors include Mr Neil Patten (Oct 2019) and Mrs Alexandra Patten (Oct 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Patten | England | 55 years | Oct 2019 | - | Director |
| Mrs Alexandra Patten | England | 48 years | Oct 2019 | - | Director |
P&L
July 2023turnover
109.4k
+4%
operating profit
-2.3k
0%
gross margin
23.4%
+16.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2023net assets
-8.5k
+0.38%
total assets
91.8k
+0.02%
cash
0
0%
net assets
Total assets minus all liabilities
patten art ltd company details
company number
12267173
Type
Private limited with Share Capital
industry
47781 - Retail sale in commercial art galleries
incorporation date
October 2019
age
5
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
July 2023
previous names
N/A
accountant
-
auditor
-
address
1st floor cloister house, new bailey street, salford, M3 5FS
Bank
-
Legal Advisor
-
patten art 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 did not find charges/mortgages relating to patten art ltd.
patten art ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
