ppml assets limited
ppml assets limited Company Information
Company Number
SC452384
Registered Address
haas side farm haas loaning, lockerbie, dumfries and galloway, DG11 2RQ
Industry
Other retail sale not in stores, stalls or markets
Telephone
01576205895
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
haas tek holdings ltd 100%
ppml assets limited Estimated Valuation
Pomanda estimates the enterprise value of PPML ASSETS LIMITED at £603k based on a Turnover of £2m and 0.31x industry multiple (adjusted for size and gross margin).
ppml assets limited Estimated Valuation
Pomanda estimates the enterprise value of PPML ASSETS LIMITED at £3.8m based on an EBITDA of £1.2m and a 3.17x industry multiple (adjusted for size and gross margin).
ppml assets limited Estimated Valuation
Pomanda estimates the enterprise value of PPML ASSETS LIMITED at £14.3m based on Net Assets of £6.7m and 2.15x industry multiple (adjusted for liquidity).
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Ppml Assets Limited Overview
Ppml Assets Limited is a live company located in dumfries and galloway, DG11 2RQ with a Companies House number of SC452384. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in June 2013, it's largest shareholder is haas tek holdings ltd with a 100% stake. Ppml Assets Limited is a established, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.
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Ppml Assets Limited Health Check
Pomanda's financial health check has awarded Ppml Assets Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £2m, make it in line with the average company (£1.6m)
- Ppml Assets Limited
£1.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (8.9%)
- Ppml Assets Limited
8.9% - Industry AVG
Production
with a gross margin of 31.7%, this company has a comparable cost of product (31.7%)
- Ppml Assets Limited
31.7% - Industry AVG
Profitability
an operating margin of 57% make it more profitable than the average company (4.4%)
- Ppml Assets Limited
4.4% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Ppml Assets Limited
14 - Industry AVG
Pay Structure
on an average salary of £36.7k, the company has an equivalent pay structure (£36.7k)
- Ppml Assets Limited
£36.7k - Industry AVG
Efficiency
resulting in sales per employee of £976.7k, this is more efficient (£217.5k)
- Ppml Assets Limited
£217.5k - Industry AVG
Debtor Days
it gets paid by customers after 26 days, this is near the average (33 days)
- Ppml Assets Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 81 days, this is slower than average (36 days)
- Ppml Assets Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 303 days, this is more than average (73 days)
- Ppml Assets Limited
73 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 186 weeks, this is more cash available to meet short term requirements (22 weeks)
186 weeks - Ppml Assets Limited
22 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20.3%, this is a lower level of debt than the average (61.1%)
20.3% - Ppml Assets Limited
61.1% - Industry AVG
PPML ASSETS LIMITED financials
Ppml Assets Limited's latest turnover from December 2023 is estimated at £2 million and the company has net assets of £6.7 million. According to their latest financial statements, Ppml Assets Limited has 2 employees and maintains cash reserves of £3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 2 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 238,488 | 199,559 | 260,145 | 300,056 | 343,950 | 225,363 | 108,334 | 37,500 | 37,500 | 37,500 | 37,500 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 2,450,063 | 2,450,063 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 2,688,551 | 2,649,622 | 260,145 | 300,056 | 343,950 | 225,363 | 108,334 | 37,500 | 37,500 | 37,500 | 37,500 |
| Stock & work in progress | 1,108,775 | 1,270,969 | 1,060,872 | 1,171,926 | 1,405,601 | 838,872 | 438,756 | 293,786 | 332,943 | 547,456 | 126,902 |
| Trade Debtors | 142,440 | 121,805 | 161,562 | 12,020 | 144,724 | 84,987 | 113,296 | 173,339 | 74,361 | 73,350 | 36,784 |
| Group Debtors | 1,211,967 | 1,211,967 | 1,211,967 | 1,211,967 | 1,211,967 | 1,210,999 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 209,622 | 495,806 | 350,268 | 411,163 | 746,077 | 469,469 | 608,944 | 187,300 | 725,538 | 0 | 0 |
| Cash | 2,993,508 | 2,695,930 | 2,583,897 | 2,068,068 | 902,551 | 1,016,961 | 177,415 | 301,508 | 68,268 | 235,899 | 406 |
| misc current assets | 0 | 0 | 994,418 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,666,312 | 5,796,477 | 6,362,984 | 4,875,144 | 4,410,920 | 3,621,288 | 1,338,411 | 955,933 | 1,201,110 | 856,705 | 164,092 |
| total assets | 8,354,863 | 8,446,099 | 6,623,129 | 5,175,200 | 4,754,870 | 3,846,651 | 1,446,745 | 993,433 | 1,238,610 | 894,205 | 201,592 |
| Bank overdraft | 83,656 | 157,878 | 0 | 0 | 0 | 0 | 0 | 0 | 19,401 | 0 | 0 |
| Bank loan | 0 | 0 | 75,914 | 73,268 | 70,653 | 69,233 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 298,267 | 132,058 | 212,435 | 61,847 | 274,751 | 125,670 | 7,722 | 69,322 | 136,800 | 674,817 | 132,122 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 21,317 | 41,187 | 26,427 | 4,700 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 453,072 | 711,118 | 960,713 | 503,890 | 582,145 | 737,562 | 182,267 | 71,039 | 267,651 | 0 | 0 |
| total current liabilities | 834,995 | 1,001,054 | 1,270,379 | 680,192 | 953,976 | 937,165 | 189,989 | 140,361 | 423,852 | 674,817 | 132,122 |
| loans | 798,456 | 1,566,922 | 761,457 | 839,636 | 914,724 | 984,318 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 21,392 | 34,126 | 9,250 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 59,200 | 50,300 | 65,036 | 43,491 | 57,285 | 23,219 | 12,518 | 0 | 0 | 0 | 0 |
| total long term liabilities | 857,656 | 1,617,222 | 826,493 | 904,519 | 1,006,135 | 1,016,787 | 12,518 | 0 | 0 | 0 | 0 |
| total liabilities | 1,692,651 | 2,618,276 | 2,096,872 | 1,584,711 | 1,960,111 | 1,953,952 | 202,507 | 140,361 | 423,852 | 674,817 | 132,122 |
| net assets | 6,662,212 | 5,827,823 | 4,526,257 | 3,590,489 | 2,794,759 | 1,892,699 | 1,244,238 | 853,072 | 814,758 | 219,388 | 69,470 |
| total shareholders funds | 6,662,212 | 5,827,823 | 4,526,257 | 3,590,489 | 2,794,759 | 1,892,699 | 1,244,238 | 853,072 | 814,758 | 219,388 | 69,470 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 79,497 | 66,520 | 111,527 | 100,019 | 100,500 | 60,971 | 21,962 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||||
| Stock | -162,194 | 210,097 | -111,054 | -233,675 | 566,729 | 400,116 | 144,970 | -39,157 | -214,513 | 420,554 | 126,902 |
| Debtors | -265,549 | 105,781 | 88,647 | -467,618 | 337,313 | 1,043,215 | 361,601 | -439,260 | 726,549 | 36,566 | 36,784 |
| Creditors | 166,209 | -80,377 | 150,588 | -212,904 | 149,081 | 117,948 | -61,600 | -67,478 | -538,017 | 542,695 | 132,122 |
| Accruals and Deferred Income | -258,046 | -249,595 | 456,823 | -78,255 | -155,417 | 555,295 | 111,228 | -196,612 | 267,651 | 0 | 0 |
| Deferred Taxes & Provisions | 8,900 | -14,736 | 21,545 | -13,794 | 34,066 | 10,701 | 12,518 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 2,450,063 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | -75,914 | 2,646 | 2,615 | 1,420 | 69,233 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -768,466 | 805,465 | -78,179 | -75,088 | -69,594 | 984,318 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | -21,317 | -41,262 | 2,026 | 46,603 | 13,950 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 297,578 | 112,033 | 515,829 | 1,165,517 | -114,410 | 839,546 | -124,093 | 233,240 | -167,631 | 235,493 | 406 |
| overdraft | -74,222 | 157,878 | 0 | 0 | 0 | 0 | 0 | -19,401 | 19,401 | 0 | 0 |
| change in cash | 371,800 | -45,845 | 515,829 | 1,165,517 | -114,410 | 839,546 | -124,093 | 252,641 | -187,032 | 235,493 | 406 |
ppml assets limited Credit Report and Business Information
Ppml Assets Limited Competitor Analysis
Perform a competitor analysis for ppml assets limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in DG11 area or any other competitors across 12 key performance metrics.
ppml assets limited Ownership
PPML ASSETS LIMITED group structure
Ppml Assets Limited has no subsidiary companies.
ppml assets limited directors
Ppml Assets Limited currently has 2 directors. The longest serving directors include Mr Gary Bell (Jun 2013) and Mrs Melanie Bell (May 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gary Bell | 53 years | Jun 2013 | - | Director | |
| Mrs Melanie Bell | Scotland | 51 years | May 2016 | - | Director |
P&L
December 2023turnover
2m
+16%
operating profit
1.1m
0%
gross margin
31.7%
+0.39%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
6.7m
+0.14%
total assets
8.4m
-0.01%
cash
3m
+0.11%
net assets
Total assets minus all liabilities
ppml assets limited company details
company number
SC452384
Type
Private limited with Share Capital
industry
47990 - Other retail sale not in stores, stalls or markets
incorporation date
June 2013
age
11
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
haas side farm haas loaning, lockerbie, dumfries and galloway, DG11 2RQ
Bank
-
Legal Advisor
-
ppml assets 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 ppml assets limited.
ppml assets limited Companies House Filings - See Documents
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