michael grice developments limited
michael grice developments limited Company Information
Company Number
01388394
Website
-Registered Address
yew tree house lewes road, forest row, east sussex, RH18 5AA
Industry
Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
eric michael grice 50%
jennifer grice 50%
michael grice developments limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL GRICE DEVELOPMENTS LIMITED at £172.9k based on a Turnover of £76.7k and 2.25x industry multiple (adjusted for size and gross margin).
michael grice developments limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL GRICE DEVELOPMENTS LIMITED at £0 based on an EBITDA of £-27k and a 5.15x industry multiple (adjusted for size and gross margin).
michael grice developments limited Estimated Valuation
Pomanda estimates the enterprise value of MICHAEL GRICE DEVELOPMENTS LIMITED at £2.9m based on Net Assets of £1.8m and 1.62x industry multiple (adjusted for liquidity).
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Michael Grice Developments Limited Overview
Michael Grice Developments Limited is a live company located in east sussex, RH18 5AA with a Companies House number of 01388394. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in September 1978, it's largest shareholder is eric michael grice with a 50% stake. Michael Grice Developments Limited is a mature, micro sized company, Pomanda has estimated its turnover at £76.7k with declining growth in recent years.
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Michael Grice Developments Limited Health Check
Pomanda's financial health check has awarded Michael Grice Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs
2 Strong
1 Regular
7 Weak
Size
annual sales of £76.7k, make it smaller than the average company (£799k)
- Michael Grice Developments Limited
£799k - Industry AVG
Growth
3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (1.9%)
- Michael Grice Developments Limited
1.9% - Industry AVG
Production
with a gross margin of 33.2%, this company has a higher cost of product (75%)
- Michael Grice Developments Limited
75% - Industry AVG
Profitability
an operating margin of -35.6% make it less profitable than the average company (36.8%)
- Michael Grice Developments Limited
36.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (4)
2 - Michael Grice Developments Limited
4 - Industry AVG
Pay Structure
on an average salary of £30.4k, the company has an equivalent pay structure (£30.4k)
- Michael Grice Developments Limited
£30.4k - Industry AVG
Efficiency
resulting in sales per employee of £38.3k, this is less efficient (£169k)
- Michael Grice Developments Limited
£169k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Michael Grice Developments Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (37 days)
- Michael Grice Developments Limited
37 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Michael Grice Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 92 weeks, this is more cash available to meet short term requirements (15 weeks)
92 weeks - Michael Grice Developments Limited
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 19%, this is a lower level of debt than the average (63.1%)
19% - Michael Grice Developments Limited
63.1% - Industry AVG
MICHAEL GRICE DEVELOPMENTS LIMITED financials
Michael Grice Developments Limited's latest turnover from March 2023 is estimated at £76.7 thousand and the company has net assets of £1.8 million. According to their latest financial statements, Michael Grice Developments Limited has 2 employees and maintains cash reserves of £744.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 65,007 | 51,030 | 41,700 | |||||||||||
| Other Income Or Grants | 0 | 0 | 0 | |||||||||||
| Cost Of Sales | 43,579 | 37,049 | 35,234 | |||||||||||
| Gross Profit | 21,428 | 13,981 | 6,466 | |||||||||||
| Admin Expenses | 10,390 | 10,014 | 13,759 | |||||||||||
| Operating Profit | 11,038 | 3,967 | -7,293 | |||||||||||
| Interest Payable | 0 | 2,718 | 525 | |||||||||||
| Interest Receivable | 7,220 | 12,057 | 4,208 | |||||||||||
| Pre-Tax Profit | 18,258 | -23,660 | -10,800 | |||||||||||
| Tax | -5,250 | -4,894 | -2,317 | |||||||||||
| Profit After Tax | 13,008 | -28,554 | -13,117 | |||||||||||
| Dividends Paid | 54,000 | 50,000 | 50,000 | |||||||||||
| Retained Profit | -40,992 | -78,554 | -63,117 | |||||||||||
| Employee Costs | ||||||||||||||
| Number Of Employees | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | ||||||
| EBITDA* | 26,921 | 20,713 | 12,624 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,351,049 | 1,350,000 | 1,615,000 | 1,600,000 | 1,870,000 | 2,410,588 | 2,620,871 | 2,621,745 | 2,474,393 | 1,922,992 | 1,676,291 | 2,130,878 | 869,871 | 1,698,156 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 110,000 | 110,000 | 195,000 | 200,000 | 200,000 | 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 | 1,461,049 | 1,460,000 | 1,810,000 | 1,800,000 | 2,070,000 | 2,410,588 | 2,620,871 | 2,621,745 | 2,474,393 | 1,922,992 | 1,676,291 | 2,130,878 | 869,871 | 1,698,156 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,264 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 350 | 350 | 350 | 0 | 554 | 254 | 200 | 450 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 744,436 | 750,625 | 443,239 | 455,195 | 196,935 | 431,970 | 279,217 | 326,935 | 391,031 | 742,940 | 819,949 | 474,339 | 1,196,089 | 34,240 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 744,786 | 750,975 | 443,589 | 455,195 | 197,489 | 432,224 | 279,417 | 327,385 | 392,295 | 742,940 | 819,949 | 474,339 | 1,196,089 | 34,240 |
| total assets | 2,205,835 | 2,210,975 | 2,253,589 | 2,255,195 | 2,267,489 | 2,842,812 | 2,900,288 | 2,949,130 | 2,866,688 | 2,665,932 | 2,496,240 | 2,605,217 | 2,065,960 | 1,732,396 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 80,000 |
| Trade Creditors | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 558,109 | 631,876 | 720,548 | 783,258 | 0 | 1,856 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 416,639 | 425,377 | 438,449 | 446,767 | 470,763 | 484,082 | 493,553 | 523,954 | 0 | 0 | 0 | 0 | 15,986 | 7,755 |
| total current liabilities | 418,639 | 427,377 | 438,449 | 446,767 | 470,763 | 484,082 | 493,553 | 523,954 | 558,109 | 631,876 | 720,548 | 783,258 | 15,986 | 89,611 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 294,289 |
| 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 | 705,597 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 705,597 | 294,289 |
| total liabilities | 418,639 | 427,377 | 438,449 | 446,767 | 470,763 | 484,082 | 493,553 | 523,954 | 558,109 | 631,876 | 720,548 | 783,258 | 721,583 | 383,900 |
| net assets | 1,787,196 | 1,783,598 | 1,815,140 | 1,808,428 | 1,796,726 | 2,358,730 | 2,406,735 | 2,425,176 | 2,308,579 | 2,034,056 | 1,775,692 | 1,821,959 | 1,344,377 | 1,348,496 |
| total shareholders funds | 1,787,196 | 1,783,598 | 1,815,140 | 1,808,428 | 1,796,726 | 2,358,730 | 2,406,735 | 2,425,176 | 2,308,579 | 2,034,056 | 1,775,692 | 1,821,959 | 1,344,377 | 1,348,496 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 11,038 | 3,967 | -7,293 | |||||||||||
| Depreciation | 350 | 0 | 0 | 0 | 871 | 874 | 974 | 1,053 | 3,695 | 18,958 | 15,883 | 16,746 | 19,917 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Tax | -5,250 | -4,894 | -2,317 | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | 0 | 350 | -554 | 300 | 54 | -250 | -814 | 1,264 | 0 | 0 | 0 | 0 | 0 |
| Creditors | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | -558,109 | -73,767 | -88,672 | -62,710 | 783,258 | -1,856 | 1,856 |
| Accruals and Deferred Income | -8,738 | -13,072 | -8,318 | -23,996 | -13,319 | -9,471 | -30,401 | 523,954 | 0 | 0 | 0 | -15,986 | 8,231 | 7,755 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 788,943 | 22,194 | 19,918 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | -85,000 | -5,000 | 0 | 200,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -80,000 | 80,000 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -294,289 | 294,289 |
| 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 | -705,597 | 705,597 | 0 |
| share issue | ||||||||||||||
| interest | 7,220 | 9,339 | 3,683 | |||||||||||
| cash flow from financing | -179,803 | 415,082 | 1,789,585 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -6,189 | 307,386 | -11,956 | 258,260 | -235,035 | 152,753 | -47,718 | -64,096 | -351,909 | -77,009 | 345,610 | -721,750 | 1,161,849 | 34,240 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,189 | 307,386 | -11,956 | 258,260 | -235,035 | 152,753 | -47,718 | -64,096 | -351,909 | -77,009 | 345,610 | -721,750 | 1,161,849 | 34,240 |
michael grice developments limited Credit Report and Business Information
Michael Grice Developments Limited Competitor Analysis
Perform a competitor analysis for michael grice developments limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other micro companies, companies in RH18 area or any other competitors across 12 key performance metrics.
michael grice developments limited Ownership
MICHAEL GRICE DEVELOPMENTS LIMITED group structure
Michael Grice Developments Limited has no subsidiary companies.
Ultimate parent company
MICHAEL GRICE DEVELOPMENTS LIMITED
01388394
michael grice developments limited directors
Michael Grice Developments Limited currently has 2 directors. The longest serving directors include Mr Eric Grice (Jun 1991) and Ms Jennifer Grice (Apr 1998).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Eric Grice | 90 years | Jun 1991 | - | Director | |
| Ms Jennifer Grice | 75 years | Apr 1998 | - | Director |
P&L
March 2023turnover
76.7k
+11%
operating profit
-27.3k
0%
gross margin
33.3%
+2.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.8m
0%
total assets
2.2m
0%
cash
744.4k
-0.01%
net assets
Total assets minus all liabilities
michael grice developments limited company details
company number
01388394
Type
Private limited with Share Capital
industry
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
September 1978
age
46
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
March 2023
previous names
N/A
accountant
-
auditor
-
address
yew tree house lewes road, forest row, east sussex, RH18 5AA
Bank
LLOYDS TSB BANK PLC
Legal Advisor
-
michael grice developments 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 6 charges/mortgages relating to michael grice developments limited. Currently there are 0 open charges and 6 have been satisfied in the past.
michael grice developments limited Companies House Filings - See Documents
| date | description | view/download |
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