Glen House Estates Limited

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glen house estates limited Company Information

Live

MatureMidDeclining

Company Number

00728574

Website

www.glenhouse.com

Registered Address

glen house glen road, grayshott, hindhead, surrey, GU26 6NF

Industry

Buying and selling of own real estate

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Telephone

01428607771

Next Accounts Due

June 2025

Group Structure

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Directors

Bruce Mellstrom21 Years

Stephen Mellstrom21 Years

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Shareholders

the juliet slot family settlement 15%

the bruce mellstrom family settlement 15%

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glen house estates limited Estimated Valuation

£120.4m

Pomanda estimates the enterprise value of GLEN HOUSE ESTATES LIMITED at £120.4m based on Net Assets of £80.1m and 1.5x industry multiple (adjusted for liquidity).

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Glen House Estates Limited is a live company located in hindhead, GU26 6NF with a Companies House number of 00728574. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in July 1962, it's largest shareholder is the juliet slot family settlement with a 15% stake. Glen House Estates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Glen House Estates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £10.9m, make it larger than the average company (£913.2k)

Growth

3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2.5%)

EXPORT

Glen House Estates Limited's latest turnover from September 2023 is estimated at £10.9 million and the company has net assets of £80.1 million. According to their latest financial statements, Glen House Estates Limited has 9 employees and maintains cash reserves of £4.2 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	10,875,153	10,182,166	11,170,894	12,133,878	11,549,963	8,330,506	5,981,918	5,573,468	5,408,413	5,561,227	5,650,558	5,613,493	5,533,985	5,273,954	5,084,704
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,242,965	3,141,759	3,447,703	3,624,303	3,530,495	2,460,688	1,519,294	1,435,087	1,036,760	880,520	1,007,269	1,186,760	814,999	1,069,681	1,029,855
Gross Profit	7,632,189	7,040,407	7,723,191	8,509,575	8,019,467	5,869,818	4,462,624	4,138,381	4,371,653	4,680,707	4,643,289	4,426,733	4,718,986	4,204,273	4,054,849
Admin Expenses	-575,019	-3,328,529	1,509,495	1,681,747	1,956,541	157,056	345,821	629,012	330,377	345,171	256,572	945,080	844,572	596,469	759,871
Operating Profit	8,207,208	10,368,936	6,213,696	6,827,828	6,062,926	5,712,762	4,116,803	3,509,369	4,041,276	4,335,536	4,386,717	3,481,653	3,874,414	3,607,804	3,294,978
Interest Payable	5,438,196	3,873,635	2,789,728	2,801,166	3,079,610	2,902,423	1,137,786	1,279,786	1,335,099	1,381,252	1,470,766	1,402,776	1,195,953	899,189	1,822,620
Interest Receivable	198,814	124,406	6,812	5,565	26,091	27,073	33,089	44,196	40,534	33,286	28,733	55,219	25,856	29,700	41,230
Pre-Tax Profit	2,967,825	6,619,707	3,430,780	4,032,227	3,009,406	2,837,412	3,012,106	2,273,779	2,746,711	2,987,570	2,944,684	2,134,096	2,704,317	2,738,315	1,744,570
Tax	-741,956	-1,257,744	-651,848	-766,123	-571,787	-539,108	-561,881	-436,213	-558,982	-657,112	-686,503	-521,245	-686,305	-811,570	-397,000
Profit After Tax	2,225,869	5,361,963	2,778,932	3,266,104	2,437,619	2,298,304	2,450,225	1,837,566	2,187,729	2,330,458	2,258,181	1,612,851	2,018,012	1,926,745	1,347,570
Dividends Paid	0	0	0	0	0	0	563,013	704,561	559,625	551,612	221,606	111,500	126,500	207,500	0
Retained Profit	2,225,869	5,361,963	2,778,932	3,266,104	2,437,619	2,298,304	1,887,212	1,133,005	1,628,104	1,778,846	2,036,575	1,501,351	1,891,512	1,757,707	1,349,241
Employee Costs	323,858	307,468	322,814	327,841	345,206	366,300	336,107	255,398	873,781	866,939	896,883	934,133	894,657	944,434	0
Number Of Employees	9	9	10	10	10	11	11	8	28	28	30	32	31	32	0
EBITDA*	8,244,886	10,404,311	6,260,863	6,866,130	6,089,689	5,714,804	4,119,526	3,512,998	4,046,117	4,339,716	4,387,487	3,483,567	3,876,967	3,611,206	3,299,210

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	983,033	681,374	731,499	744,904	795,291	721,126	723,168	725,891	664,520	662,541	629,972	5,742	7,656	10,209	12,692
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	134,414,611	129,205,090	127,402,833	106,831,833	100,103,514	95,997,833	81,549,196	75,883,835	65,820,333	65,110,333	61,727,833	62,624,772	65,004,424	64,470,267	68,393,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	500,000	500,000	500,000
Total Fixed Assets	135,397,644	129,886,464	128,134,332	107,576,737	100,898,805	96,718,959	82,272,364	76,609,726	66,484,853	65,772,874	62,357,805	62,630,514	65,512,080	64,980,476	68,905,692
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	1,615,740	1,669,577	2,008,981	1,943,499	1,577,563	1,094,950	1,016,892	779,649	869,418	773,250	823,419	854,003	958,075	700,180	778,714
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	787,744	655,150	488,226	255,760	312,102	209,198	190,923	187,514	250,583	265,044	63,281	135,215	140,539	481,598	399,123
Cash	4,217,042	3,735,528	7,322,773	6,301,978	4,827,703	2,129,881	5,089,716	4,063,564	2,155,779	1,808,007	1,833,843	4,194,145	4,264,220	3,420,325	2,078,990
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,620,526	6,060,255	9,819,980	8,501,237	6,717,368	3,434,029	6,297,531	5,030,727	3,275,780	2,846,301	2,720,543	5,183,363	5,362,834	4,602,103	3,256,827
total assets	142,018,170	135,946,719	137,954,312	116,077,974	107,616,173	100,152,988	88,569,895	81,640,453	69,760,633	68,619,175	65,078,348	67,813,877	70,874,914	69,582,579	72,162,519
Bank overdraft	20,880,000	0	0	24,853,250	750,000	21,630,000	750,000	0	0	19,495,897	1,849,360	24,757,910	27,952,410	43,479,621	29,749,182
Bank loan	0	0	0	0	0	0	0	655,000	21,405,770	0	0	0	0	0	0
Trade Creditors	310,916	116,955	323,333	223,054	394,602	323,344	187,481	313,342	150,112	60,422	115,271	134,589	523,768	34,790	153,545
Group/Directors Accounts	277,921	277,825	277,291	277,291	272,291	272,291	272,291	272,291	272,291	272,291	276,209	0	0	0	0
other short term finances	0	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	0
other current liabilities	4,497,372	4,511,055	4,309,208	4,224,888	3,403,775	3,070,234	2,893,411	2,533,084	3,160,729	3,201,168	2,901,060	2,498,646	2,811,006	2,679,204	2,120,297
total current liabilities	25,966,209	4,905,835	4,909,832	29,578,483	4,820,668	25,295,869	4,103,183	3,773,717	24,988,902	23,029,778	5,141,900	27,391,145	31,287,184	46,193,615	32,023,024
loans	29,823,249	48,173,050	45,733,250	20,880,000	45,358,250	23,509,464	40,108,250	40,044,500	17,750,000	20,905,770	40,401,667	23,993,325	21,430,825	6,667,614	21,048,796
hp & lease commitments	0	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	0
other liabilities	0	0	0	0	400,382	0	0	0	0	0	0	0	0	0	0
provisions	6,102,585	5,438,600	5,721,840	2,553,679	1,762,254	1,724,557	1,273,706	857,101	223,738	0	0	37,000	106,000	123,000	158,500
total long term liabilities	35,925,834	53,611,650	51,455,090	23,433,679	47,520,886	25,234,021	41,381,956	40,901,601	17,973,738	20,905,770	40,401,667	24,030,325	21,536,825	6,790,614	21,207,296
total liabilities	61,892,043	58,517,485	56,364,922	53,012,162	52,341,554	50,529,890	45,485,139	44,675,318	42,962,640	43,935,548	45,543,567	51,421,470	52,824,009	52,984,229	53,230,320
net assets	80,126,127	77,429,234	81,589,390	63,065,812	55,274,619	49,623,098	43,084,756	36,965,135	26,797,993	24,683,627	19,534,781	16,392,407	18,050,905	16,598,350	18,932,199
total shareholders funds	80,126,127	77,429,234	81,589,390	63,065,812	55,274,619	49,623,098	43,084,756	36,965,135	26,797,993	24,683,627	19,534,781	16,392,407	18,050,905	16,598,350	18,932,199

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	8,207,208	10,368,936	6,213,696	6,827,828	6,062,926	5,712,762	4,116,803	3,509,369	4,041,276	4,335,536	4,386,717	3,481,653	3,874,414	3,607,804	3,294,978
Depreciation	37,678	35,375	47,167	38,302	26,763	2,042	2,723	3,629	4,841	4,180	770	1,914	2,553	3,402	4,232
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-741,956	-1,257,744	-651,848	-766,123	-571,787	-539,108	-561,881	-436,213	-558,982	-657,112	-686,503	-521,245	-686,305	-811,570	-397,000
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	78,757	-172,480	297,948	309,594	585,517	96,333	240,652	-152,838	81,707	151,594	-102,518	-609,396	-83,164	3,941	1,677,837
Creditors	193,961	-206,378	100,279	-171,548	71,258	135,863	-125,861	163,230	89,690	-54,849	-19,318	-389,179	488,978	-118,755	153,545
Accruals and Deferred Income	-13,683	201,847	84,320	821,113	333,541	176,823	360,327	-627,645	-40,439	300,108	402,414	-312,360	131,802	558,907	2,120,297
Deferred Taxes & Provisions	663,985	-283,240	3,168,161	791,425	37,697	450,851	416,605	633,363	223,738	0	-37,000	-69,000	-17,000	-35,500	158,500
Cash flow from operations	8,268,436	9,031,276	8,663,827	7,231,403	5,374,881	5,842,900	3,968,064	3,398,571	3,678,417	3,776,269	4,149,598	2,801,179	3,877,606	3,200,347	3,656,715
Investing Activities
capital expenditure	-339,337	14,750	-33,762	12,085	-100,928	0	0	-461,002	-6,820	-36,749	-625,000	0	0	-919	-16,924
Change in Investments	5,209,521	1,802,257	20,571,000	6,728,319	4,105,681	14,448,637	5,665,361	10,063,502	710,000	3,382,500	-896,939	-2,379,652	534,157	-3,922,733	68,393,000
cash flow from investments	-5,548,858	-1,787,507	-20,604,762	-6,716,234	-4,206,609	-14,448,637	-5,665,361	-10,524,504	-716,820	-3,419,249	271,939	2,379,652	-534,157	3,921,814	-68,409,924
Financing Activities
Bank loans	0	0	0	0	0	0	-655,000	-20,750,770	21,405,770	0	0	0	0	0	0
Group/Directors Accounts	96	534	0	5,000	0	0	0	0	0	-3,918	276,209	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-18,349,801	2,439,800	24,853,250	-24,478,250	21,848,786	-16,598,786	63,750	22,294,500	-3,155,770	-19,495,897	16,408,342	2,562,500	14,763,211	-14,381,182	21,048,796
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-400,382	400,382	0	0	0	0	0	0	0	0	0	0
share issue	471,024	-9,522,119	15,744,646	4,525,089	3,213,902	4,240,038	4,232,409	9,034,137	486,262	3,370,000	1,105,799	-3,159,849	-438,957	-4,091,556	17,582,958
interest	-5,239,382	-3,749,229	-2,782,916	-2,795,601	-3,053,519	-2,875,350	-1,104,697	-1,235,590	-1,294,565	-1,347,966	-1,442,033	-1,347,557	-1,170,097	-869,489	-1,781,390
cash flow from financing	-23,118,063	-10,831,014	37,814,980	-23,144,144	22,409,551	-15,234,098	2,536,462	9,342,277	17,441,697	-17,477,781	16,348,317	-1,944,906	13,154,157	-19,342,227	36,850,364
cash and cash equivalents
cash	481,514	-3,587,245	1,020,795	1,474,275	2,697,822	-2,959,835	1,026,152	1,907,785	347,772	-25,836	-2,360,302	-70,075	843,895	1,341,335	2,078,990
overdraft	20,880,000	0	-24,853,250	24,103,250	-20,880,000	20,880,000	750,000	0	-19,495,897	17,646,537	-22,908,550	-3,194,500	-15,527,211	13,730,439	29,749,182
change in cash	-20,398,486	-3,587,245	25,874,045	-22,628,975	23,577,822	-23,839,835	276,152	1,907,785	19,843,669	-17,672,373	20,548,248	3,124,425	16,371,106	-12,389,104	-27,670,192

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLEN HOUSE ESTATES LIMITED group structure

Glen House Estates Limited has 1 subsidiary company.

Ultimate parent company

GLEN HOUSE ESTATES LIMITED

00728574

1 subsidiary

GLEN HOUSE SECURITIES LIMITED

00190192

GLEN HOUSE ESTATES LIMITED Shareholders

the juliet slot family settlement	14.97%
the bruce mellstrom family settlement	14.97%
bruce robert mellstrom	12.48%
stephen charles mellstrom	12.48%
juliet mary slot	12.48%
lindsey jane roberts	12.48%
the stephen mellstrom family settlement	9.98%
the lindsay roberts family settlement	9.98%
bruce robert mellstrom & beverley may mellstrom	0.2%

Glen House Estates Limited currently has 4 directors. The longest serving directors include Mr Bruce Mellstrom (Jul 2002) and Mr Stephen Mellstrom (Jul 2002).

officer	country	age	start	end	role
Mr Bruce Mellstrom		59 years	Jul 2002	-	Director
Mr Stephen Mellstrom	England	54 years	Jul 2002	-	Director
Mrs Juliet Slot		56 years	Sep 2021	-	Director
Mrs Lindsey Roberts		62 years	Nov 2021	-	Director

P&L

September 2023

turnover

10.9m

+7%

operating profit

8.2m

gross margin

70.2%

+1.5%

turnover

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

Balance Sheet

September 2023

net assets

80.1m

+0.03%

total assets

142m

+0.04%

cash

4.2m

+0.13%

net assets

Total assets minus all liabilities

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company number

00728574

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

incorporation date

July 1962

age

accounts

Small Company

ultimate parent company

None

previous names

mellstrom estates limited (March 1992)

mellstrom estates (no 2) limited (September 1985)

incorporated

address

glen house glen road, grayshott, hindhead, surrey, GU26 6NF

last accounts submitted

September 2023

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 149 charges/mortgages relating to glen house estates limited. Currently there are 51 open charges and 98 have been satisfied in the past.

glen house estates limited Company Information

glen house estates limited Estimated Valuation

glen house estates limited Estimated Valuation

glen house estates limited Estimated Valuation

Glen House Estates Limited Overview

Glen House Estates Limited Health Check

GLEN HOUSE ESTATES LIMITED financials

glen house estates limited Credit Report and Business Information

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glen house estates limited Ownership

glen house estates limited directors

glen house estates limited company details

glen house estates limited Charges & Mortgages

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