Glover Group Limited

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glover group limited Company Information

Live

MatureSmallHealthy

Company Number

00514643

Website

glovergroupltdgh.com

Registered Address

3 castlegate, grantham, lincolnshire, NG31 6SF

Industry

Activities of head offices

Telephone

Next Accounts Due

15 days late

Group Structure

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Directors

James Hirst26 Years

Shareholders

james ralph hirst 100%

glover group limited Estimated Valuation

£7.9m

Pomanda estimates the enterprise value of GLOVER GROUP LIMITED at £7.9m based on Net Assets of £3m and 2.68x industry multiple (adjusted for liquidity).

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Glover Group Limited is a live company located in lincolnshire, NG31 6SF with a Companies House number of 00514643. It operates in the activities of head offices sector, SIC Code 70100. Founded in December 1952, it's largest shareholder is james ralph hirst with a 100% stake. Glover Group Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Glover Group Limited a 4 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

Health Rating4out of 5

3 Strong

4 Regular

4 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£20m)

Growth

3 year (CAGR) sales growth of 11%, show it is growing at a faster rate (3%)

EXPORT

Glover Group Limited's latest turnover from December 2022 is £1.1 million and the company has net assets of £3 million. According to their latest financial statements, Glover Group Limited has 2 employees and maintains cash reserves of £222.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,081,513	838,091	804,754	787,460	748,217	700,151	631,188	472,878	527,568	514,275	455,918	374,031	212,783	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	723,365	565,549	545,466	531,569	508,274	476,926	426,146	321,686	365,190	357,305	317,137	260,663	147,404	0
Gross Profit	358,148	272,542	259,288	255,891	239,943	223,225	205,042	151,191	162,378	156,970	138,781	113,368	65,379	0
Admin Expenses	648,965	-182,687	-88,760	-278,826	438,614	-169,786	-265,402	176,023	-12,981	156,116	115,209	136,640	85,662	43,240
Operating Profit	-290,817	455,229	348,048	534,717	-198,671	393,011	470,444	-24,832	175,359	854	23,572	-23,272	-20,283	-43,240
Interest Payable	0	0	0	0	0	0	2,441	2,559	21	0	0	0	0	0
Interest Receivable	6,740	361	162	1,358	1,179	769	218	306	536	508	348	175	66	0
Pre-Tax Profit	-392,736	611,810	338,552	529,453	-247,426	362,717	448,252	-27,085	103,800	110,709	19,227	-47,900	-59,711	21,634
Tax	108,658	-242,782	-56,502	-95,232	49,934	-43,755	-73,675	0	35,141	-109,660	-1,048	24,803	39,494	-64,874
Profit After Tax	-284,078	369,028	282,050	434,221	-197,492	318,962	374,577	-27,085	138,941	1,049	18,179	-23,097	-20,217	-43,240
Dividends Paid	0	18,450	18,450	36,900	18,000	0	0	0	0	0	0	0	0	0
Retained Profit	-284,078	350,578	263,600	397,321	-215,492	318,962	374,577	-27,085	138,941	1,049	18,179	-23,097	-20,217	-43,240
Employee Costs	91,494	127,730	124,155	123,897	121,049	118,023	113,945	110,303	3,000	0	105,243	103,893	68,373	0
Number Of Employees	2	3	3	3	3	3	3	3	1	1	3	3	2	0
EBITDA*	-290,817	455,229	348,048	536,117	-197,271	394,411	471,844	-24,832	175,359	854	23,572	-23,266	-20,261	-43,240

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	5,387,717	5,407,307	4,821,219	4,394,579	4,041,945	4,192,609	3,826,879	50,548	3,065,308	2,932,731	2,639,602	1,993,611	1,957,814	1,376,040
Intangible Assets	1,997	3,995	5,993	0	9,023	23,711	38,399	0	13,262	29,472	35,603	63,570	99,924	5,405
Investments & Other	0	0	0	0	0	0	0	1,904,731	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	5,389,714	5,411,302	4,827,212	4,394,579	4,050,968	4,216,320	3,865,278	1,955,279	3,078,570	2,962,203	2,675,205	2,057,181	2,057,738	1,381,445
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	455,255	358,567	283,582	259,195	250,578	218,669	205,749	0	13,645	14,872	139,841	7,685	1,184	0
Group Debtors	0	0	0	0	0	0	0	90,745	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	153,748	0	0	0	0	0	0
Cash	222,895	162,219	126,624	197,258	164,972	149,423	158,274	15,804	106,620	107,848	95,419	43,654	26,241	0
misc current assets	7,903	7,413	7,532	6,312	10,333	8,983	10,143	0	8,248	7,450	7,546	4,280	972	600
total current assets	1,368,142	1,067,376	934,324	931,088	865,523	762,766	742,302	260,297	581,779	560,614	547,000	395,109	336,129	38,215
total assets	6,757,856	6,478,678	5,761,536	5,325,667	4,916,491	4,979,086	4,607,580	2,215,576	3,660,349	3,522,817	3,222,205	2,452,290	2,393,867	1,419,660
Bank overdraft	0	0	0	0	0	0	0	78,106	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	359,765	253,909	222,333	196,162	160,804	134,583	112,798	0	91,401	77,812	89,770	52,647	39,703	0
Group/Directors Accounts	0	0	0	0	0	0	0	274,168	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	634	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	14,059	0	0	0	0	0	0
total current liabilities	633,250	518,835	484,599	423,627	466,259	482,753	607,210	366,333	533,545	583,073	656,943	540,983	567,609	37,573
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	139,700	0	0	0	0	0	0
total long term liabilities	3,166,203	2,717,362	2,385,034	2,273,737	2,219,250	2,049,859	1,872,858	139,700	1,390,176	1,342,057	1,224,549	638,335	361,337	64,299
total liabilities	3,799,453	3,236,197	2,869,633	2,697,364	2,685,509	2,532,612	2,480,068	506,033	1,923,721	1,925,130	1,881,492	1,179,318	928,946	101,872
net assets	2,958,403	3,242,481	2,891,903	2,628,303	2,230,982	2,446,474	2,127,512	1,709,543	1,736,628	1,597,687	1,340,713	1,272,972	1,464,921	1,317,788
total shareholders funds	2,958,403	3,242,481	2,891,903	2,628,303	2,230,982	2,446,474	2,127,512	1,709,543	1,736,628	1,597,687	1,340,713	1,272,972	1,464,921	1,317,788

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-290,817	455,229	348,048	534,717	-198,671	393,011	470,444	-24,832	175,359	854	23,572	-23,272	-20,283	-43,240
Depreciation	0	0	0	1,400	1,400	1,400	1,400	0	0	0	0	6	22	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	108,658	-242,782	-56,502	-95,232	49,934	-43,755	-73,675	0	35,141	-109,660	-1,048	24,803	39,494	-64,874
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	96,688	74,985	24,387	8,617	31,909	12,920	-38,744	230,848	-1,227	-124,969	132,156	6,501	1,184	0
Creditors	105,856	31,576	26,171	35,358	26,221	21,785	112,798	-91,401	13,589	-11,958	37,123	12,944	39,703	0
Accruals and Deferred Income	0	0	0	0	0	0	-14,059	14,059	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-139,700	139,700	0	0	0	0	0	0
Cash flow from operations	-172,991	169,038	293,330	467,626	-153,025	359,521	395,952	-193,322	225,316	4,205	-72,509	7,980	57,752	-108,114
Investing Activities
capital expenditure	21,588	-584,090	-432,633	-345,011	163,952	-352,442	-3,816,130	3,028,022	-116,367	-286,998	-618,024	551	-676,315	-1,381,445
Change in Investments	0	0	0	0	0	0	-1,904,731	1,904,731	0	0	0	0	0	0
cash flow from investments	21,588	-584,090	-432,633	-345,011	163,952	-352,442	-1,911,399	1,123,291	-116,367	-286,998	-618,024	551	-676,315	-1,381,445
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-274,168	274,168	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	-634	634	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	43,392	0	0	255,925	49,562	-168,852	167,350	1,361,028
interest	6,740	361	162	1,358	1,179	769	-2,223	-2,253	515	508	348	175	66	0
cash flow from financing	6,740	361	162	1,358	1,179	769	-232,999	271,281	1,149	256,433	49,910	-168,677	167,416	1,361,028
cash and cash equivalents
cash	60,676	35,595	-70,634	32,286	15,549	-8,851	142,470	-90,816	-1,228	12,429	51,765	17,413	26,241	0
overdraft	0	0	0	0	0	0	-78,106	78,106	0	0	0	0	0	0
change in cash	60,676	35,595	-70,634	32,286	15,549	-8,851	220,576	-168,922	-1,228	12,429	51,765	17,413	26,241	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOVER GROUP LIMITED group structure

Glover Group Limited has 1 subsidiary company.

Ultimate parent company

GLOVER GROUP LIMITED

00514643

1 subsidiary

HIRST UNDERWRITING LIMITED

06991419

GLOVER GROUP LIMITED Shareholders

james ralph hirst

100%

Glover Group Limited currently has 1 director, Mr James Hirst serving since Oct 1997.

officer	country	age	start	end	role
Mr James Hirst	United Kingdom	56 years	Oct 1997	-	Director

P&L

December 2022

turnover

1.1m

+29%

operating profit

-290.8k

gross margin

33.2%

+1.83%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

-0.09%

total assets

6.8m

+0.04%

cash

222.9k

+0.37%

net assets

Total assets minus all liabilities

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company number

00514643

Type

Private limited with Share Capital

industry

70100 - Activities of head offices

incorporation date

December 1952

ultimate parent company

None

previous names

j.e.glover limited (December 1991)

address

3 castlegate, grantham, lincolnshire, NG31 6SF

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 3 charges/mortgages relating to glover group limited. Currently there are 2 open charges and 1 have been satisfied in the past.

glover group limited Company Information

glover group limited Estimated Valuation

glover group limited Estimated Valuation

glover group limited Estimated Valuation

Glover Group Limited Overview

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GLOVER GROUP LIMITED financials

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