Graeme Ash (shopfitters) Limited

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graeme ash (shopfitters) limited Company Information

Live

MatureSmallHealthy

Company Number

01016231

Website

www.graemeash.co.uk

Registered Address

kingsway north, team valley trading est, gateshead, tyne & wear, NE11 0LG

Industry

Joinery installation

Manufacture of office and shop furniture

Telephone

01914822714

Next Accounts Due

March 2025

Group Structure

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Directors

Graeme Ash32 Years

Shareholders

graeme paul ash 100%

graeme ash (shopfitters) limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of GRAEME ASH (SHOPFITTERS) LIMITED at £1.6m based on Net Assets of £751.6k and 2.18x industry multiple (adjusted for liquidity).

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Graeme Ash (shopfitters) Limited is a live company located in gateshead, NE11 0LG with a Companies House number of 01016231. It operates in the manufacture of office and shop furniture sector, SIC Code 31010. Founded in June 1971, it's largest shareholder is graeme paul ash with a 100% stake. Graeme Ash (shopfitters) Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.2m with healthy growth in recent years.

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Pomanda's financial health check has awarded Graeme Ash (Shopfitters) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

6 Weak

Size

annual sales of £2.2m, make it smaller than the average company (£8.2m)

Growth

3 year (CAGR) sales growth of 6%, show it is growing at a faster rate (4.9%)

EXPORT

Graeme Ash (Shopfitters) Limited's latest turnover from June 2023 is estimated at £2.2 million and the company has net assets of £751.6 thousand. According to their latest financial statements, Graeme Ash (Shopfitters) Limited has 23 employees and maintains cash reserves of £80.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	2,246,267	3,163,892	2,543,616	1,864,223	2,709,884	3,247,376	2,138,222	1,914,051	1,502,563	2,293,261	1,777,088	2,439,660	1,955,063	2,407,525
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,620,103	2,278,646	1,835,748	1,315,705	1,882,811	2,231,778	1,409,396	1,261,364	1,020,841	1,499,826	1,169,166	1,609,599	1,295,442	1,579,743
Gross Profit	626,165	885,245	707,868	548,519	827,072	1,015,598	728,826	652,686	481,722	793,434	607,922	830,061	659,621	827,782
Admin Expenses	615,476	863,448	598,425	771,513	983,931	683,333	386,618	590,188	484,351	721,206	678,377	807,468	697,424	707,587
Operating Profit	10,689	21,797	109,443	-222,994	-156,859	332,265	342,208	62,498	-2,629	72,228	-70,455	22,593	-37,803	120,195
Interest Payable	8,321	7,592	4,117	3,008	2,960	552	1,641	1,154	0	0	0	0	0	0
Interest Receivable	8,628	4,133	234	321	2,314	775	448	320	427	397	417	719	477	120
Pre-Tax Profit	10,997	18,337	105,559	-225,681	-157,505	332,488	341,015	61,664	-2,202	72,625	-70,038	23,312	-37,326	120,315
Tax	-2,749	-3,484	-20,056	0	0	-63,173	-64,793	-12,333	0	-15,251	0	-5,595	0	-33,688
Profit After Tax	8,248	14,853	85,503	-225,681	-157,505	269,315	276,222	49,331	-2,202	57,374	-70,038	17,717	-37,326	86,627
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,248	14,853	85,503	-225,681	-157,505	269,315	276,222	49,331	-2,202	57,374	-70,038	17,717	-37,326	86,627
Employee Costs	836,691	792,552	663,500	837,678	813,257	690,375	650,381	757,233	315,403	499,681	411,482	578,835	485,301	551,304
Number Of Employees	23	24	23	27	27	20	19	21	9	15	12	18	15	18
EBITDA*	21,975	54,258	146,356	-180,933	-117,769	351,327	356,853	78,115	5,550	82,292	-60,598	35,348	-22,137	132,755

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	590,027	337,863	370,324	407,237	450,148	436,836	405,186	397,660	392,978	394,657	404,721	409,878	426,054	432,975
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	0	0	0
Total Fixed Assets	590,027	337,863	370,324	407,237	450,148	436,836	405,186	397,660	392,978	394,657	404,721	409,878	426,054	432,975
Stock & work in progress	90,920	580,540	142,277	196,037	356,409	435,930	412,235	231,386	162,734	171,175	102,205	76,924	68,851	200,526
Trade Debtors	396,699	325,587	392,249	115,330	168,699	506,131	116,625	94,266	95,706	232,032	202,812	333,906	254,825	304,766
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	22,178	18,151	44,079	42,566	54,320	18,741	41,791	62,183	0	0	0	0	0	0
Cash	80,799	264,340	396,879	71,289	571,072	45,911	264,149	94,256	33,762	136,845	22,072	144,784	142,855	48,090
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	590,596	1,188,618	975,484	425,222	1,150,500	1,006,713	834,800	482,091	292,202	540,052	327,089	555,614	466,531	553,382
total assets	1,180,623	1,526,481	1,345,808	832,459	1,600,648	1,443,549	1,239,986	879,751	685,180	934,709	731,810	965,492	892,585	986,357
Bank overdraft	39,530	50,041	84,075	10,225	78,671	0	16,992	35,520	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	254,058	750,338	567,010	297,250	673,146	426,704	498,243	333,968	465,997	638,299	482,654	615,499	482,809	512,755
Group/Directors Accounts	0	0	0	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	0	0	0
hp & lease commitments	0	0	0	0	0	5,844	6,376	6,376	0	0	0	0	0	0
other current liabilities	109,065	209,375	186,649	140,196	206,179	142,121	99,199	157,818	0	0	0	0	0	0
total current liabilities	402,653	1,009,754	837,734	447,671	957,996	574,669	620,810	533,682	465,997	638,299	482,654	615,499	482,809	512,755
loans	26,389	35,322	40,000	695	9,028	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	5,844	12,220	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	80,000	100,000	100,000	33,070	106,500	115,000	149,000	225,000	250,000
provisions	0	0	0	0	16,528	12,684	4,856	0	0	0	0	0	0	0
total long term liabilities	26,389	35,322	40,000	695	25,556	92,684	110,700	112,220	33,070	106,500	115,000	149,000	225,000	250,000
total liabilities	429,042	1,045,076	877,734	448,366	983,552	667,353	731,510	645,902	499,067	744,799	597,654	764,499	707,809	762,755
net assets	751,581	481,405	468,074	384,093	617,096	776,196	508,476	233,849	186,113	189,910	134,156	200,993	184,776	223,602
total shareholders funds	751,581	481,405	468,074	384,093	617,096	776,196	508,476	233,849	186,113	189,910	134,156	200,993	184,776	223,602

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	10,689	21,797	109,443	-222,994	-156,859	332,265	342,208	62,498	-2,629	72,228	-70,455	22,593	-37,803	120,195
Depreciation	11,286	32,461	36,913	42,061	39,090	19,062	14,645	15,617	8,179	10,064	9,857	12,755	15,666	12,560
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,749	-3,484	-20,056	0	0	-63,173	-64,793	-12,333	0	-15,251	0	-5,595	0	-33,688
Stock	-489,620	438,263	-53,760	-160,372	-79,521	23,695	180,849	68,652	-8,441	68,970	25,281	8,073	-131,675	200,526
Debtors	75,139	-92,590	278,432	-65,123	-301,853	366,456	1,967	60,743	-136,326	29,220	-131,094	79,081	-49,941	304,766
Creditors	-496,280	183,328	269,760	-375,896	246,442	-71,539	164,275	-132,029	-172,302	155,645	-132,845	132,690	-29,946	512,755
Accruals and Deferred Income	-100,310	22,726	46,453	-65,983	64,058	42,922	-58,619	157,818	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	-16,528	3,844	7,828	4,856	0	0	0	0	0	0	0
Cash flow from operations	-162,883	-88,845	217,841	-413,845	577,949	-122,786	219,756	-37,824	-21,985	124,496	-87,630	75,289	129,533	106,530
Investing Activities
capital expenditure	-263,450	0	0	850	-52,402	-50,712	-22,171	-20,299	-6,500	0	-4,700	3,421	-8,745	-445,535
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-263,450	0	0	850	-52,402	-50,712	-22,171	-20,299	-6,500	0	-4,700	3,421	-8,745	-445,535
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	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-8,933	-4,678	39,305	-8,333	9,028	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	-5,844	-6,376	-6,376	18,596	0	0	0	0	0	0
other long term liabilities	0	0	0	0	-80,000	-20,000	0	66,930	-73,430	-8,500	-34,000	-76,000	-25,000	250,000
share issue	261,928	-1,522	-1,522	-7,322	-1,595	-1,595	-1,595	-1,595	-1,595	-1,620	3,201	-1,500	-1,500	136,975
interest	307	-3,459	-3,883	-2,687	-646	223	-1,193	-834	427	397	417	719	477	120
cash flow from financing	253,302	-9,659	33,900	-18,342	-79,057	-27,748	-9,164	83,097	-74,598	-9,723	-30,382	-76,781	-26,023	387,095
cash and cash equivalents
cash	-183,541	-132,539	325,590	-499,783	525,161	-218,238	169,893	60,494	-103,083	114,773	-122,712	1,929	94,765	48,090
overdraft	-10,511	-34,034	73,850	-68,446	78,671	-16,992	-18,528	35,520	0	0	0	0	0	0
change in cash	-173,030	-98,505	251,740	-431,337	446,490	-201,246	188,421	24,974	-103,083	114,773	-122,712	1,929	94,765	48,090

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRAEME ASH (SHOPFITTERS) LIMITED group structure

Graeme Ash (Shopfitters) Limited has no subsidiary companies.

Ultimate parent company

GRAEME ASH (SHOPFITTERS) LIMITED

01016231

GRAEME ASH (SHOPFITTERS) LIMITED Shareholders

graeme paul ash

100%

Graeme Ash (Shopfitters) Limited currently has 1 director, Mr Graeme Ash serving since Jan 1992.

officer	country	age	start	end	role
Mr Graeme Ash		62 years	Jan 1992	-	Director

P&L

June 2023

turnover

2.2m

-29%

operating profit

10.7k

gross margin

27.9%

-0.37%

turnover

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

Balance Sheet

June 2023

net assets

751.6k

+0.56%

total assets

1.2m

-0.23%

cash

80.8k

-0.69%

net assets

Total assets minus all liabilities

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company number

01016231

Type

Private limited with Share Capital

industry

43320 - Joinery installation

31010 - Manufacture of office and shop furniture

incorporation date

June 1971

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

graeme ash limited (December 1980)

incorporated

address

kingsway north, team valley trading est, gateshead, tyne & wear, NE11 0LG

last accounts submitted

June 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 3 charges/mortgages relating to graeme ash (shopfitters) limited. Currently there are 1 open charges and 2 have been satisfied in the past.

graeme ash (shopfitters) limited Company Information

graeme ash (shopfitters) limited Estimated Valuation

graeme ash (shopfitters) limited Estimated Valuation

graeme ash (shopfitters) limited Estimated Valuation

Graeme Ash (shopfitters) Limited Overview

Graeme Ash (shopfitters) Limited Health Check

GRAEME ASH (SHOPFITTERS) LIMITED financials

graeme ash (shopfitters) limited Credit Report and Business Information

Graeme Ash (shopfitters) Limited Competitor Analysis

graeme ash (shopfitters) limited Ownership

graeme ash (shopfitters) limited directors

graeme ash (shopfitters) limited company details

graeme ash (shopfitters) limited Charges & Mortgages

graeme ash (shopfitters) limited Companies House Filings - See Documents