Grainger & Worrall Limited

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grainger & worrall limited Company Information

Company Number

00980487

Next Accounts

Jul 2026

Directors

Duncan Eldridge

Andrew Burn

Shareholders

evolution castings group limited

Group Structure

View All

Industry

Casting of light metals

Registered Address

building 7, stanmore industrial estate, bridgnorth, salop, WV15 5HP

Website

https://www.gwcast.com/en/

grainger & worrall limited Estimated Valuation

£37.4m

Pomanda estimates the enterprise value of GRAINGER & WORRALL LIMITED at £37.4m based on a Turnover of £63.5m and 0.59x industry multiple (adjusted for size and gross margin).

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Grainger & Worrall Limited is a live company located in bridgnorth, WV15 5HP with a Companies House number of 00980487. It operates in the casting of iron sector, SIC Code 24510. Founded in May 1970, it's largest shareholder is evolution castings group limited with a 100% stake. Grainger & Worrall Limited is a mature, large sized company, Pomanda has estimated its turnover at £63.5m with high growth in recent years.

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Pomanda's financial health check has awarded Grainger & Worrall Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £63.5m, make it larger than the average company (£29.1m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a similar rate (14.2%)

EXPORT

Grainger & Worrall Limited's latest turnover from October 2024 is £63.5 million and the company has net assets of -£1.6 million. According to their latest financial statements, Grainger & Worrall Limited has 642 employees and maintains cash reserves of £931.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2024	Oct 2023	Oct 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	63,474,338	67,436,995	77,154,242	41,060,584	50,944,832	61,047,135	56,597,490	52,464,812	45,707,952	39,918,603	38,389,092	34,289,468	29,042,001	21,311,200	14,781,047
Other Income Or Grants
Cost Of Sales	54,954,277	61,417,530	74,043,573	40,125,184	46,897,721	53,068,187	48,223,089	44,722,104	39,746,182	33,832,410	31,608,563	27,935,792	24,747,728	18,258,944	12,649,335
Gross Profit	8,520,061	6,019,465	3,110,669	935,400	4,047,111	7,978,948	8,374,401	7,742,708	5,961,770	6,086,193	6,780,529	6,353,676	4,294,273	3,052,256	2,131,712
Admin Expenses	4,774,749	9,141,423	7,631,449	1,376,801	3,073,856	3,850,442	4,554,784	5,343,608	4,804,708	4,831,953	5,124,675	4,434,177	3,383,795	2,210,460	1,545,117
Operating Profit	3,745,312	-3,121,958	-4,520,780	-441,401	973,255	4,128,506	3,819,617	2,399,100	1,157,062	1,254,240	1,655,854	1,919,499	910,478	841,796	586,595
Interest Payable	794,026	1,068,065	866,033	406,142	351,204	204,618	236,186	286,738	217,117	141,305	96,799	113,693	147,466	113,338	96,247
Interest Receivable	23,097	13,077	127	1,232	3,361	4,259	2,872	376	701	915	662	430	684	390	249
Pre-Tax Profit	2,974,383	-4,176,946	-5,386,686	-846,311	625,412	3,928,147	3,586,303	2,112,738	940,646	1,113,850	1,759,717	1,806,236	763,696	728,848	490,597
Tax	-2,431,845	298,990	-220,572	52,009	-465,739	-571,435	-625,355	-547,829	147,802	927,417	47,553	-110,953	78,741	-59,445	-82,331
Profit After Tax	542,538	-3,877,956	-5,607,258	-794,302	159,673	3,356,712	2,960,948	1,564,909	1,088,448	2,041,267	1,807,270	1,695,283	842,437	669,403	408,266
Dividends Paid		93,130	366,527	733,817	1,594,236	1,590,995	1,405,246	976,692	1,042,289	993,119	1,299,990	599,990	450,000	457,542	442,559
Retained Profit	542,538	-3,971,086	-5,973,785	-1,528,119	-1,434,563	1,765,717	1,555,702	588,217	46,159	1,048,148	507,280	1,095,293	392,437	211,861	-34,293
Employee Costs	25,180,753	23,374,557	25,483,377	14,715,599	18,109,711	18,612,873	17,891,836	17,485,085	15,520,769	13,421,050	12,119,812	9,811,864	9,282,354	7,748,801	5,859,122
Number Of Employees	642	574	491	486	597	593	587	575	512	477	412	338	283	247	224
EBITDA*	6,366,243	-1,237,532	-1,714,541	1,452,730	2,602,982	5,770,696	5,637,005	4,265,086	2,584,196	2,358,986	2,617,579	2,890,252	1,552,908	1,372,689	1,049,104

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2024	Oct 2023	Oct 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	13,737,925	12,612,212	10,141,382	12,266,692	13,776,549	11,211,687	10,015,509	9,656,322	10,675,845	7,438,985	6,347,444	5,039,470	4,843,133	3,542,477	2,485,331
Intangible Assets
Investments & Other						25	25	27,430				1	1	1	1
Debtors (Due After 1 year)
Total Fixed Assets	13,737,925	12,612,212	10,141,382	12,266,692	13,776,549	11,211,712	10,015,534	9,683,752	10,675,845	7,438,985	6,347,444	5,039,471	4,843,134	3,542,478	2,485,332
Stock & work in progress	7,488,646	8,313,483	6,499,268	8,598,994	8,754,967	6,993,095	6,511,879	6,586,808	5,817,702	4,651,125	3,621,845	2,824,508	2,791,326	2,180,593	1,316,767
Trade Debtors	5,637,931	8,636,699	11,602,620	10,943,128	8,273,180	11,467,756	11,124,566	13,389,780	11,436,931	8,130,802	6,283,043	7,412,158	5,200,766	4,070,657	2,909,338
Group Debtors	1,034,559	1,335,651	5,810,386	1,700,522	706,094	392,757	56,867	75,450	161,053	357,747	144,748	280,954	23,437	244,077	535,999
Misc Debtors	3,643,697	4,214,977	5,330,083	2,757,170	2,920,314	1,255,187	1,584,493	1,575,508	1,709,917	1,033,177	886,518	766,320	536,113	621,673	395,820
Cash	931,473	2,833,580	476,232	2,482,753	1,479,175	785,034	1,027,807	587,936	811,957	1,738,822	2,284	954,536	1,419,793	527,761	401,751
misc current assets
total current assets	18,736,306	25,334,390	29,718,589	26,482,567	22,133,730	20,893,829	20,305,612	22,215,482	19,937,560	15,911,673	10,938,438	12,238,476	9,971,435	7,644,761	5,559,675
total assets	32,474,231	37,946,602	39,859,971	38,749,259	35,910,279	32,105,541	30,321,146	31,899,234	30,613,405	23,350,658	17,285,882	17,277,947	14,814,569	11,187,239	8,045,007
Bank overdraft	6,263,523	7,253,299	8,540,206	8,131,448	6,730,269	7,024,523	6,252,243	5,928,969	4,586,695	3,213,873	102,941			1,297,905	1,576,772
Bank loan	3,030,000	3,107,142	4,220,065	3,710,998	1,658,829	1,742,084	318,716	1,689,430	2,100,000	1,350,000
Trade Creditors	4,811,081	5,384,715	9,500,288	5,658,929	2,995,893	5,526,107	6,153,316	7,685,898	8,475,464	6,473,588	5,836,641	6,261,729	7,246,544	4,526,842	3,064,689
Group/Directors Accounts	13,755,554	13,464,287	4,845,404	2,283,355	603,846	844,588	1,231,244	1,729,407	2,157,393	1,062,592	592,123	398,344	400,343	187,667
other short term finances								297,974	297,976
hp & lease commitments	607,552	1,267,245	1,161,854	1,435,157	1,525,659	1,263,507	1,383,573	1,180,642	1,384,008	1,486,454	1,084,604	1,582,381	1,010,949	637,653	450,844
other current liabilities	1,792,292	5,579,716	6,868,460	3,844,979	8,777,260	4,091,690	5,965,812	5,357,067	3,405,307	2,621,848	3,570,626	4,305,089	1,430,805	1,231,432	648,991
total current liabilities	30,260,002	36,056,404	35,136,277	25,064,866	22,291,756	20,492,499	21,304,904	23,869,387	22,406,843	16,208,355	11,186,935	12,547,543	10,088,641	7,881,499	5,741,296
loans	1,501,429	3,186,429	2,409,963	3,380,114	1,718,698	338,326	16,298	276,455	297,974					37,682	73,778
hp & lease commitments	115,381	634,122	1,964,378	3,748,667	3,764,085	2,057,127	1,673,626	2,111,767	3,106,709	2,386,583	2,027,442	1,246,116	2,363,627	1,205,301	420,551
Accruals and Deferred Income														80,000
other liabilities
provisions	2,206,094	449,983	574,305	806,779	858,788	506,074	380,520	251,529			363,933	283,996	257,302	270,195	228,681
total long term liabilities	3,822,904	4,270,534	4,948,646	7,935,560	6,341,571	2,901,527	2,070,444	2,639,751	3,404,683	2,386,583	2,391,375	1,530,112	2,620,929	1,593,178	723,010
total liabilities	34,082,906	40,326,938	40,084,923	33,000,426	28,633,327	23,394,026	23,375,348	26,509,138	25,811,526	18,594,938	13,578,310	14,077,655	12,709,570	9,474,677	6,464,306
net assets	-1,608,675	-2,380,336	-224,952	5,748,833	7,276,952	8,711,515	6,945,798	5,390,096	4,801,879	4,755,720	3,707,572	3,200,292	2,104,999	1,712,562	1,580,701
total shareholders funds	-1,608,675	-2,380,336	-224,952	5,748,833	7,276,952	8,711,515	6,945,798	5,390,096	4,801,879	4,755,720	3,707,572	3,200,292	2,104,999	1,712,562	1,580,701

	Oct 2024	Oct 2023	Oct 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	3,745,312	-3,121,958	-4,520,780	-441,401	973,255	4,128,506	3,819,617	2,399,100	1,157,062	1,254,240	1,655,854	1,919,499	910,478	841,796	586,595
Depreciation	2,620,931	1,884,426	2,806,239	1,894,131	1,629,727	1,642,190	1,817,388	1,865,986	1,427,134	1,104,746	961,725	970,753	642,430	530,893	462,509
Amortisation
Tax	-2,431,845	298,990	-220,572	52,009	-465,739	-571,435	-625,355	-547,829	147,802	927,417	47,553	-110,953	78,741	-59,445	-82,331
Stock	-824,837	1,814,215	-2,099,726	-155,973	1,761,872	481,216	-74,929	769,106	1,166,577	1,029,280	797,337	33,182	610,733	863,826	1,316,767
Debtors	-3,871,140	-8,555,762	7,342,269	3,501,232	-1,216,112	349,774	-2,274,812	1,732,837	3,786,175	2,207,417	-1,145,123	2,699,116	823,909	1,095,250	3,841,157
Creditors	-573,634	-4,115,573	3,841,359	2,663,036	-2,530,214	-627,209	-1,532,582	-789,566	2,001,876	636,947	-425,088	-984,815	2,719,702	1,462,153	3,064,689
Accruals and Deferred Income	-3,787,424	-1,288,744	3,023,481	-4,932,281	4,685,570	-1,874,122	608,745	1,951,760	783,459	-948,778	-734,463	2,874,284	119,373	662,441	648,991
Deferred Taxes & Provisions	1,756,111	-124,322	-232,474	-52,009	352,714	125,554	128,991	251,529		-363,933	79,937	26,694	-12,893	41,514	228,681
Cash flow from operations	6,025,428	274,366	-545,290	-4,161,774	4,099,553	1,992,494	6,566,545	2,629,037	564,581	-626,058	1,933,304	1,963,164	3,023,189	1,520,276	-248,790
Investing Activities
capital expenditure				-384,274	-4,194,589	-2,838,368	-2,176,575	-846,463	-4,663,994	-2,196,287	-2,269,699	-1,167,090	-1,943,086	-1,588,039	-2,947,840
Change in Investments					-25		-27,405	27,430			-1				1
cash flow from investments				-384,274	-4,194,564	-2,838,368	-2,149,170	-873,893	-4,663,994	-2,196,287	-2,269,698	-1,167,090	-1,943,086	-1,588,039	-2,947,841
Financing Activities
Bank loans	-77,142	-1,112,923	509,067	2,052,169	-83,255	1,423,368	-1,370,714	-410,570	750,000	1,350,000
Group/Directors Accounts	291,267	8,618,883	2,562,049	1,679,509	-240,742	-386,656	-498,163	-427,986	1,094,801	470,469	193,779	-1,999	212,676	187,667
Other Short Term Loans							-297,974	-2	297,976
Long term loans	-1,685,000	776,466	-970,151	1,661,416	1,380,372	322,028	-260,157	-21,519	297,974				-37,682	-36,096	73,778
Hire Purchase and Lease Commitments	-1,178,434	-1,224,865	-2,057,592	-105,920	1,969,110	263,435	-235,210	-1,198,308	617,680	760,991	283,549	-546,079	1,531,622	971,559	871,395
other long term liabilities
share issue	229,123	1,815,702												-80,000	1,614,994
interest	-770,929	-1,054,988	-865,906	-404,910	-347,843	-200,359	-233,314	-286,362	-216,416	-140,390	-96,137	-113,263	-146,782	-112,948	-95,998
cash flow from financing	-3,191,115	7,818,275	-822,533	4,882,264	2,677,642	1,421,816	-2,895,532	-2,344,747	2,842,015	2,441,070	381,191	-661,341	1,559,834	930,182	2,464,169
cash and cash equivalents
cash	-1,902,107	2,357,348	-2,006,521	1,003,578	694,141	-242,773	439,871	-224,021	-926,865	1,736,538	-952,252	-465,257	892,032	126,010	401,751
overdraft	-989,776	-1,286,907	408,758	1,401,179	-294,254	772,280	323,274	1,342,274	1,372,822	3,110,932	102,941		-1,297,905	-278,867	1,576,772
change in cash	-912,331	3,644,255	-2,415,279	-397,601	988,395	-1,015,053	116,597	-1,566,295	-2,299,687	-1,374,394	-1,055,193	-465,257	2,189,937	404,877	-1,175,021

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRAINGER & WORRALL LIMITED group structure

Grainger & Worrall Limited has no subsidiary companies.

Ultimate parent company

EVOLUTION CASTINGS GROUP LIMITED

14786291

1 parent

GRAINGER & WORRALL LIMITED

00980487

GRAINGER & WORRALL LIMITED Shareholders

evolution castings group limited

100%

Grainger & Worrall Limited currently has 2 directors. The longest serving directors include Mr Duncan Eldridge (Feb 2024) and Mr Andrew Burn (Jan 2025).

officer	country	age	start	end	role
Mr Duncan Eldridge	England	59 years	Feb 2024	-	Director
Mr Andrew Burn		50 years	Jan 2025	-	Director

P&L

October 2024

turnover

63.5m

-6%

operating profit

3.7m

-220%

gross margin

13.5%

+50.38%

turnover

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

Balance Sheet

October 2024

net assets

-1.6m

-0.32%

total assets

32.5m

-0.14%

cash

931.5k

-0.67%

net assets

Total assets minus all liabilities

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company number

00980487

Type

Private limited with Share Capital

industry

24530 - Casting of light metals

24540 - Casting of other non-ferrous metals

29320 - Manufacture of other parts and accessories for motor vehicles

incorporation date

May 1970

ultimate parent company

EVOLUTION CASTINGS GROUP LIMITED

previous names

N/A

address

building 7, stanmore industrial estate, bridgnorth, salop, WV15 5HP

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 12 charges/mortgages relating to grainger & worrall limited. Currently there are 2 open charges and 10 have been satisfied in the past.

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.

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grainger & worrall limited Company Information

grainger & worrall limited Estimated Valuation

grainger & worrall limited Estimated Valuation

grainger & worrall limited Estimated Valuation

Grainger & Worrall Limited Overview

Grainger & Worrall Limited Health Check

GRAINGER & WORRALL LIMITED financials

grainger & worrall limited Credit Report and Business Information

Grainger & Worrall Limited Competitor Analysis

grainger & worrall limited Ownership

grainger & worrall limited directors

grainger & worrall limited company details

grainger & worrall limited Charges & Mortgages

grainger & worrall limited Capital Raised & Share Issues BETA

grainger & worrall limited Companies House Filings - See Documents