pilgrim developments midlands ltd
pilgrim developments midlands ltd Company Information
Company Number
14135367
Next Accounts
Feb 2025
Industry
Development of building projects
Shareholders
martin russell fagan
jonathan william blundell
Group Structure
View All
Contact
Registered Address
first floor ridgeland house, 15 carfax, horsham, west sussex, RH12 1DY
Website
-pilgrim developments midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of PILGRIM DEVELOPMENTS MIDLANDS LTD at £1.5m based on a Turnover of £4m and 0.38x industry multiple (adjusted for size and gross margin).
pilgrim developments midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of PILGRIM DEVELOPMENTS MIDLANDS LTD at £0 based on an EBITDA of £-27.4k and a 2.75x industry multiple (adjusted for size and gross margin).
pilgrim developments midlands ltd Estimated Valuation
Pomanda estimates the enterprise value of PILGRIM DEVELOPMENTS MIDLANDS LTD at £0 based on Net Assets of £-27.4k and 1.38x industry multiple (adjusted for liquidity).
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Pilgrim Developments Midlands Ltd Overview
Pilgrim Developments Midlands Ltd is a live company located in horsham, RH12 1DY with a Companies House number of 14135367. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2022, it's largest shareholder is martin russell fagan with a 50% stake. Pilgrim Developments Midlands Ltd is a startup, small sized company, Pomanda has estimated its turnover at £4m with unknown growth in recent years.
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Pilgrim Developments Midlands Ltd Health Check
Pomanda's financial health check has awarded Pilgrim Developments Midlands Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
4 Weak
Size
annual sales of £4m, make it larger than the average company (£2.1m)
- Pilgrim Developments Midlands Ltd
£2.1m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Pilgrim Developments Midlands Ltd
- - Industry AVG
Production
with a gross margin of 9.7%, this company has a higher cost of product (26.4%)
- Pilgrim Developments Midlands Ltd
26.4% - Industry AVG
Profitability
an operating margin of -0.7% make it less profitable than the average company (7.6%)
- Pilgrim Developments Midlands Ltd
7.6% - Industry AVG
Employees
with 6 employees, this is similar to the industry average (6)
- Pilgrim Developments Midlands Ltd
6 - Industry AVG
Pay Structure
on an average salary of £47k, the company has an equivalent pay structure (£47k)
- Pilgrim Developments Midlands Ltd
£47k - Industry AVG
Efficiency
resulting in sales per employee of £672.2k, this is more efficient (£280k)
- Pilgrim Developments Midlands Ltd
£280k - Industry AVG
Debtor Days
it gets paid by customers after 81 days, this is later than average (29 days)
- Pilgrim Developments Midlands Ltd
29 days - Industry AVG
Creditor Days
its suppliers are paid after 92 days, this is slower than average (30 days)
- Pilgrim Developments Midlands Ltd
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Pilgrim Developments Midlands Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Pilgrim Developments Midlands Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.1%, this is a higher level of debt than the average (72.3%)
103.1% - Pilgrim Developments Midlands Ltd
72.3% - Industry AVG
PILGRIM DEVELOPMENTS MIDLANDS LTD financials
Pilgrim Developments Midlands Ltd's latest turnover from May 2023 is estimated at £4 million and the company has net assets of -£27.4 thousand. According to their latest financial statements, we estimate that Pilgrim Developments Midlands Ltd has 6 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | |
|---|---|
| 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
| May 2023 | |
|---|---|
| Tangible Assets | 1,335 |
| Intangible Assets | 0 |
| Investments & Other | 0 |
| Debtors (Due After 1 year) | 0 |
| Total Fixed Assets | 1,335 |
| Stock & work in progress | 0 |
| Trade Debtors | 896,102 |
| Group Debtors | 0 |
| Misc Debtors | 0 |
| Cash | 0 |
| misc current assets | 0 |
| total current assets | 896,102 |
| total assets | 897,437 |
| Bank overdraft | 0 |
| Bank loan | 0 |
| Trade Creditors | 924,862 |
| Group/Directors Accounts | 0 |
| other short term finances | 0 |
| hp & lease commitments | 0 |
| other current liabilities | 0 |
| total current liabilities | 924,862 |
| loans | 0 |
| hp & lease commitments | 0 |
| Accruals and Deferred Income | 0 |
| other liabilities | 0 |
| provisions | 0 |
| total long term liabilities | 0 |
| total liabilities | 924,862 |
| net assets | -27,425 |
| total shareholders funds | -27,425 |
| May 2023 | |
|---|---|
| Operating Activities | |
| Operating Profit | |
| Depreciation | |
| Amortisation | |
| Tax | |
| Stock | 0 |
| Debtors | 896,102 |
| Creditors | 924,862 |
| Accruals and Deferred Income | 0 |
| Deferred Taxes & Provisions | 0 |
| Cash flow from operations | |
| Investing Activities | |
| capital expenditure | |
| Change in Investments | 0 |
| cash flow from investments | |
| Financing Activities | |
| Bank loans | 0 |
| Group/Directors Accounts | 0 |
| Other Short Term Loans | 0 |
| Long term loans | 0 |
| Hire Purchase and Lease Commitments | 0 |
| other long term liabilities | 0 |
| share issue | |
| interest | |
| cash flow from financing | |
| cash and cash equivalents | |
| cash | 0 |
| overdraft | 0 |
| change in cash | 0 |
pilgrim developments midlands ltd Credit Report and Business Information
Pilgrim Developments Midlands Ltd Competitor Analysis
Perform a competitor analysis for pilgrim developments midlands ltd by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in RH12 area or any other competitors across 12 key performance metrics.
pilgrim developments midlands ltd Ownership
PILGRIM DEVELOPMENTS MIDLANDS LTD group structure
Pilgrim Developments Midlands Ltd has no subsidiary companies.
Ultimate parent company
PILGRIM DEVELOPMENTS MIDLANDS LTD
14135367
pilgrim developments midlands ltd directors
Pilgrim Developments Midlands Ltd currently has 2 directors. The longest serving directors include Mr Martin Fagan (May 2022) and Jonathan Blundell (May 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Fagan | United Kingdom | 69 years | May 2022 | - | Director |
| Jonathan Blundell | United Kingdom | 49 years | May 2022 | - | Director |
P&L
May 2023turnover
4m
0%
operating profit
-27.4k
0%
gross margin
9.7%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
-27.4k
0%
total assets
897.4k
0%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
pilgrim developments midlands ltd company details
company number
14135367
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2022
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
first floor ridgeland house, 15 carfax, horsham, west sussex, RH12 1DY
Bank
-
Legal Advisor
-
pilgrim developments midlands 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 4 charges/mortgages relating to pilgrim developments midlands ltd. Currently there are 4 open charges and 0 have been satisfied in the past.
pilgrim developments midlands ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for PILGRIM DEVELOPMENTS MIDLANDS LTD. This can take several minutes, an email will notify you when this has completed.
pilgrim developments midlands ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
