gracelands limited
gracelands limited Company Information
Company Number
01343317
Next Accounts
68 days late
Shareholders
change regard ltd
changeregard limited
View AllGroup Structure
View All
Industry
Construction of other civil engineering projects n.e.c.
Registered Address
stag gates house, 63/64 the avenue, southampton, SO17 1XS
Website
www.gracelandsltd.comgracelands limited Estimated Valuation
Pomanda estimates the enterprise value of GRACELANDS LIMITED at £16m based on a Turnover of £46.7m and 0.34x industry multiple (adjusted for size and gross margin).
gracelands limited Estimated Valuation
Pomanda estimates the enterprise value of GRACELANDS LIMITED at £0 based on an EBITDA of £-1m and a 4.42x industry multiple (adjusted for size and gross margin).
gracelands limited Estimated Valuation
Pomanda estimates the enterprise value of GRACELANDS LIMITED at £19.3m based on Net Assets of £10m and 1.93x industry multiple (adjusted for liquidity).
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Gracelands Limited Overview
Gracelands Limited is a live company located in southampton, SO17 1XS with a Companies House number of 01343317. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in December 1977, it's largest shareholder is change regard ltd with a 90.9% stake. Gracelands Limited is a mature, large sized company, Pomanda has estimated its turnover at £46.7m with low growth in recent years.
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Gracelands Limited Health Check
Pomanda's financial health check has awarded Gracelands Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £46.7m, make it larger than the average company (£12.6m)
£46.7m - Gracelands Limited
£12.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1%, show it is growing at a slower rate (6.3%)
1% - Gracelands Limited
6.3% - Industry AVG
Production
with a gross margin of 4.3%, this company has a higher cost of product (17.6%)
4.3% - Gracelands Limited
17.6% - Industry AVG
Profitability
an operating margin of -2.2% make it less profitable than the average company (5.2%)
-2.2% - Gracelands Limited
5.2% - Industry AVG
Employees
with 127 employees, this is above the industry average (52)
127 - Gracelands Limited
52 - Industry AVG
Pay Structure
on an average salary of £51.7k, the company has an equivalent pay structure (£48.5k)
£51.7k - Gracelands Limited
£48.5k - Industry AVG
Efficiency
resulting in sales per employee of £368.1k, this is more efficient (£236.3k)
£368.1k - Gracelands Limited
£236.3k - Industry AVG
Debtor Days
it gets paid by customers after 122 days, this is later than average (55 days)
122 days - Gracelands Limited
55 days - Industry AVG
Creditor Days
its suppliers are paid after 53 days, this is slower than average (40 days)
53 days - Gracelands Limited
40 days - Industry AVG
Stock Days
it holds stock equivalent to 0 days, this is less than average (7 days)
0 days - Gracelands Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (19 weeks)
26 weeks - Gracelands Limited
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 56.3%, this is a similar level of debt than the average (60.8%)
56.3% - Gracelands Limited
60.8% - Industry AVG
GRACELANDS LIMITED financials
Gracelands Limited's latest turnover from April 2023 is £46.7 million and the company has net assets of £10 million. According to their latest financial statements, Gracelands Limited has 127 employees and maintains cash reserves of £6.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 46,749,647 | 47,838,811 | 36,348,714 | 45,426,898 | 47,226,099 | 46,559,349 | 50,176,788 | 41,442,906 | 35,830,076 | 33,739,314 | 30,247,024 | 23,744,827 | 22,905,157 | 18,238,550 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 44,722,431 | 43,701,709 | 35,458,737 | 42,338,098 | 42,909,966 | 43,465,552 | 43,627,736 | 35,500,051 | ||||||
| Gross Profit | 2,027,216 | 4,137,102 | 889,977 | 3,088,800 | 4,316,133 | 3,093,797 | 6,549,052 | 5,942,855 | ||||||
| Admin Expenses | 3,061,346 | 3,683,416 | 2,038,372 | 2,709,307 | 2,887,168 | 2,075,392 | 1,696,496 | 1,544,101 | ||||||
| Operating Profit | -1,034,130 | 453,686 | -1,148,395 | 379,493 | 1,428,965 | 1,018,405 | 4,852,556 | 4,398,754 | 2,461,789 | 3,813,872 | 379,495 | -138,960 | 309,967 | 343,048 |
| Interest Payable | 7,760 | 182 | 36 | 155 | 90 | |||||||||
| Interest Receivable | 40,744 | 1,330 | 2,375 | 24,957 | 19,922 | 7,885 | 27,991 | 27,803 | 20,176 | 15,814 | 12,938 | 10,774 | 9,297 | 8,691 |
| Pre-Tax Profit | -993,386 | 455,016 | -1,146,020 | 396,690 | 1,448,887 | 1,026,290 | 4,880,547 | 4,426,557 | 2,481,965 | 3,829,504 | 392,397 | -128,341 | 319,174 | 351,739 |
| Tax | 114,426 | 67,983 | -116,950 | -315,275 | -231,821 | -1,021,442 | -922,379 | -557,303 | -901,120 | -124,206 | -4,630 | -370,520 | -109,408 | |
| Profit After Tax | -993,386 | 569,442 | -1,078,037 | 279,740 | 1,133,612 | 794,469 | 3,859,105 | 3,504,178 | 1,924,662 | 2,928,384 | 268,191 | -132,971 | -51,346 | 242,331 |
| Dividends Paid | 6,500 | 953,000 | 4,665,000 | 110,000 | 110,000 | 95,000 | 95,000 | 95,000 | 95,000 | |||||
| Retained Profit | -999,886 | 569,442 | -1,078,037 | -673,260 | -3,531,388 | 684,469 | 3,749,105 | 3,409,178 | 1,829,662 | 2,833,384 | 173,191 | -132,971 | -51,346 | 242,331 |
| Employee Costs | 6,561,865 | 6,077,745 | 6,149,526 | 6,500,847 | 6,102,282 | 5,260,010 | 4,230,064 | 3,424,595 | 2,923,088 | 2,759,679 | 2,693,571 | 2,492,714 | 2,583,963 | 1,973,716 |
| Number Of Employees | 127 | 142 | 140 | 149 | 117 | 107 | 102 | 92 | 83 | 79 | 77 | 72 | 74 | 63 |
| EBITDA* | -1,034,130 | 453,686 | -1,148,395 | 379,493 | 1,428,965 | 1,018,405 | 4,852,556 | 4,398,754 | 2,461,789 | 3,813,872 | 379,495 | -138,960 | 309,967 | 343,048 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | ||||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | ||||||||||||||
| Stock & work in progress | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 | 15,000 |
| Trade Debtors | 15,721,884 | 13,910,591 | 11,451,837 | 7,039,761 | 11,756,770 | 11,217,296 | 8,664,320 | 5,582,759 | 5,553,294 | 5,004,597 | 6,487,473 | 3,040,949 | 4,464,053 | 3,653,703 |
| Group Debtors | 3,408,936 | 4,354,640 | 2,034,774 | 2,100,886 | 1,700,040 | 807,522 | 489,428 | 357,309 | ||||||
| Misc Debtors | 633,899 | 1,377,686 | 1,400,631 | 2,795,052 | 314,334 | 182,354 | 86,417 | 51,112 | 42,682 | 21,001 | 33,356 | 8,072 | 5,350 | 10,150 |
| Cash | 6,497,463 | 5,811,914 | 4,331,893 | 6,904,992 | 7,638,965 | 5,675,137 | 7,950,029 | 8,783,518 | 4,301,881 | 3,663,879 | 913,585 | 1,693,192 | 179,366 | 1,645,905 |
| misc current assets | 32,090 | |||||||||||||
| total current assets | 22,868,246 | 21,115,191 | 17,199,361 | 16,754,805 | 19,725,069 | 20,530,813 | 21,070,406 | 16,467,163 | 12,013,743 | 10,404,517 | 8,256,936 | 5,246,641 | 5,021,078 | 5,324,758 |
| total assets | 22,868,246 | 21,115,191 | 17,199,361 | 16,754,805 | 19,725,069 | 20,530,813 | 21,070,406 | 16,467,163 | 12,013,743 | 10,404,517 | 8,256,936 | 5,246,641 | 5,021,078 | 5,324,758 |
| Bank overdraft | ||||||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 6,529,374 | 5,432,215 | 4,729,067 | 2,216,433 | 4,404,085 | 4,332,396 | 4,340,931 | 3,631,566 | 3,333,204 | 3,179,966 | 4,754,331 | 1,986,788 | 1,454,878 | 1,389,775 |
| Group/Directors Accounts | 3,385,043 | 2,566,531 | 703,083 | 503,522 | 2,185,249 | 143 | 403 | 441,880 | ||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 2,627,509 | 2,115,239 | 1,335,447 | 2,525,049 | 1,518,030 | 1,049,181 | 2,264,448 | 2,120,378 | 1,374,498 | 1,748,172 | 859,610 | 791,949 | 965,325 | 840,882 |
| total current liabilities | 12,541,926 | 10,113,985 | 6,767,597 | 5,245,004 | 8,107,364 | 5,381,720 | 6,605,782 | 5,751,944 | 4,707,702 | 4,928,138 | 5,613,941 | 2,778,737 | 2,420,203 | 2,672,537 |
| loans | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 325,000 | |||||||||||||
| total long term liabilities | 325,000 | |||||||||||||
| total liabilities | 12,866,926 | 10,113,985 | 6,767,597 | 5,245,004 | 8,107,364 | 5,381,720 | 6,605,782 | 5,751,944 | 4,707,702 | 4,928,138 | 5,613,941 | 2,778,737 | 2,420,203 | 2,672,537 |
| net assets | 10,001,320 | 11,001,206 | 10,431,764 | 11,509,801 | 11,617,705 | 15,149,093 | 14,464,624 | 10,715,219 | 7,306,041 | 5,476,379 | 2,642,995 | 2,467,904 | 2,600,875 | 2,652,221 |
| total shareholders funds | 10,001,320 | 11,001,206 | 10,431,764 | 11,509,801 | 11,617,705 | 15,149,093 | 14,464,624 | 10,715,219 | 7,306,041 | 5,476,379 | 2,642,995 | 2,467,904 | 2,600,875 | 2,652,221 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | Apr 2013 | Apr 2012 | Apr 2011 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -1,034,130 | 453,686 | -1,148,395 | 379,493 | 1,428,965 | 1,018,405 | 4,852,556 | 4,398,754 | 2,461,789 | 3,813,872 | 379,495 | -138,960 | 309,967 | 343,048 |
| Depreciation | ||||||||||||||
| Amortisation | ||||||||||||||
| Tax | 114,426 | 67,983 | -116,950 | -315,275 | -231,821 | -1,021,442 | -922,379 | -557,303 | -901,120 | -124,206 | -4,630 | -370,520 | -109,408 | |
| Stock | 15,000 | |||||||||||||
| Debtors | 1,067,506 | 2,435,809 | 3,017,655 | -2,236,291 | -2,737,482 | 1,703,209 | 5,436,732 | -28,217 | 971,224 | -602,713 | 3,789,902 | -1,288,263 | 1,162,859 | 3,663,853 |
| Creditors | 1,097,159 | 703,148 | 2,512,634 | -2,187,652 | 71,689 | -8,535 | 709,365 | 298,362 | 153,238 | -1,574,365 | 2,767,543 | 531,910 | 65,103 | 1,389,775 |
| Accruals and Deferred Income | 512,270 | 779,792 | -1,189,602 | 1,007,019 | 468,849 | -1,215,267 | 144,070 | 745,880 | -373,674 | 888,562 | 67,661 | -173,376 | 124,443 | 840,882 |
| Deferred Taxes & Provisions | 325,000 | |||||||||||||
| Cash flow from operations | -167,207 | -384,757 | -2,775,035 | 1,318,201 | 4,391,710 | -2,140,427 | -752,183 | 4,548,834 | 712,826 | 2,829,662 | -699,409 | 1,503,207 | -1,033,866 | -1,214,556 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | 818,512 | 1,863,448 | 199,561 | -1,681,727 | 2,185,106 | -260 | 403 | -441,880 | 441,880 | |||||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 40,744 | 1,330 | 2,375 | 17,197 | 19,922 | 7,885 | 27,991 | 27,803 | 20,176 | 15,632 | 12,902 | 10,619 | 9,207 | 8,691 |
| cash flow from financing | 859,256 | 1,864,778 | 201,936 | -1,099,174 | 2,205,028 | 7,625 | 28,694 | 27,803 | 20,176 | 15,632 | 14,802 | 10,619 | -432,673 | 2,860,461 |
| cash and cash equivalents | ||||||||||||||
| cash | 685,549 | 1,480,021 | -2,573,099 | -733,973 | 1,963,828 | -2,274,892 | -833,489 | 4,481,637 | 638,002 | 2,750,294 | -779,607 | 1,513,826 | -1,466,539 | 1,645,905 |
| overdraft | ||||||||||||||
| change in cash | 685,549 | 1,480,021 | -2,573,099 | -733,973 | 1,963,828 | -2,274,892 | -833,489 | 4,481,637 | 638,002 | 2,750,294 | -779,607 | 1,513,826 | -1,466,539 | 1,645,905 |
gracelands limited Credit Report and Business Information
Gracelands Limited Competitor Analysis
Perform a competitor analysis for gracelands limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other large companies, companies in SO17 area or any other competitors across 12 key performance metrics.
gracelands limited Ownership
GRACELANDS LIMITED group structure
Gracelands Limited has no subsidiary companies.
gracelands limited directors
Gracelands Limited currently has 5 directors. The longest serving directors include Mr Seamus Cleary (Jun 1994) and Mr Andrew Grogan (Jan 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Seamus Cleary | 65 years | Jun 1994 | - | Director | |
| Mr Andrew Grogan | 55 years | Jan 2012 | - | Director | |
| Mr Daniel Cleary | 42 years | Mar 2015 | - | Director | |
| Mr Wayne Cleary | 38 years | Nov 2018 | - | Director | |
| Mr David Downie | 45 years | Nov 2018 | - | Director |
P&L
April 2023turnover
46.7m
-2%
operating profit
-1m
-328%
gross margin
4.4%
-49.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
10m
-0.09%
total assets
22.9m
+0.08%
cash
6.5m
+0.12%
net assets
Total assets minus all liabilities
gracelands limited company details
company number
01343317
Type
Private limited with Share Capital
industry
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
December 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
April 2023
previous names
N/A
accountant
-
auditor
SUMER AUDIT
address
stag gates house, 63/64 the avenue, southampton, SO17 1XS
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
gracelands 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 found 5 charges/mortgages relating to gracelands limited. Currently there are 5 open charges and 0 have been satisfied in the past.
gracelands limited Capital Raised & Share Issues BETA
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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gracelands limited Companies House Filings - See Documents
| date | description | view/download |
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