Premier Grip Trading Limited

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premier grip trading limited Company Information

Company Number

01661940

Next Accounts

194 days late

Directors

Alan Morris

Shareholders

alan morris

m w associates ltd

Group Structure

View All

Industry

Other manufacturing n.e.c.

Registered Address

leonard curtis house, elms square, bury new orad, manchester, M45 7TA

Website

http://premier-grip.uk

premier grip trading limited Estimated Valuation

£466.7k

Pomanda estimates the enterprise value of PREMIER GRIP TRADING LIMITED at £466.7k based on Net Assets of £217.9k and 2.14x industry multiple (adjusted for liquidity).

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Premier Grip Trading Limited is a live company located in manchester, M45 7TA with a Companies House number of 01661940. It operates in the other manufacturing n.e.c. sector, SIC Code 32990. Founded in September 1982, it's largest shareholder is alan morris with a 100% stake. Premier Grip Trading Limited is a mature, small sized company, Pomanda has estimated its turnover at £731.7k with declining growth in recent years.

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Pomanda's financial health check has awarded Premier Grip Trading Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £731.7k, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (2.6%)

EXPORT

Premier Grip Trading Limited's latest turnover from December 2022 is estimated at £731.7 thousand and the company has net assets of £217.9 thousand. According to their latest financial statements, Premier Grip Trading Limited has 5 employees and maintains cash reserves of £2.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	731,672	1,093,013	943,550	909,647	1,045,745	1,118,897	1,119,128	1,009,866	1,291,588	1,372,683	1,683,885	1,359,798	1,040,662
Other Income Or Grants
Cost Of Sales	584,515	877,525	758,953	725,303	829,825	874,407	866,799	782,320	1,007,768	1,068,706	1,318,654	1,061,496	810,223
Gross Profit	147,157	215,488	184,597	184,344	215,920	244,490	252,329	227,546	283,819	303,978	365,231	298,301	230,438
Admin Expenses	141,249	221,155	214,366	184,325	216,131	237,443	336,255	142,146	152,934	248,945	327,565	189,562	571,174	242,581
Operating Profit	5,908	-5,667	-29,769	19	-211	7,047	-83,926	85,400	130,885	55,033	37,666	108,739	-340,736	-242,581
Interest Payable
Interest Receivable	264	63	45	515	566	236	123	209	163	131	62	59	1	1
Pre-Tax Profit	6,173	-5,604	-29,724	533	354	7,283	-83,803	85,609	131,048	55,164	37,728	108,799	-340,735	-242,580
Tax	-1,173			-101	-67	-1,384		-17,122	-27,520	-12,688	-9,055	-28,288
Profit After Tax	5,000	-5,604	-29,724	432	287	5,899	-83,803	68,487	103,528	42,476	28,673	80,511	-340,735	-242,580
Dividends Paid
Retained Profit	5,000	-5,604	-29,724	432	287	5,899	-83,803	68,487	103,528	42,476	28,673	80,511	-340,735	-242,580
Employee Costs	202,465	665,941	647,342	788,976	183,777	177,679	171,610	167,283	198,005	222,180	253,661	218,876	181,665
Number Of Employees	5	17	17	21	5	5	5	5	6	7	8	7	6
EBITDA*	10,087	3,961	-10,492	19,369	21,680	37,485	-48,281	118,345	148,164	74,082	67,043	134,335	-315,200	-219,204

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	14,616	18,671	9,136	28,413	47,763	69,654	102,342	127,192	76,737	69,699	80,846	96,803	121,849	85,139
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	14,616	18,671	9,136	28,413	47,763	69,654	102,342	127,192	76,737	69,699	80,846	96,803	121,849	85,139
Stock & work in progress	185,911	204,477	192,477	186,469	154,690	183,587	188,565	218,822	349,389	225,409	270,280	149,524	167,500	160,518
Trade Debtors	255,869	238,265	177,910	103,368	275,639	297,366	290,542	253,455	272,755	337,689	403,620	367,583	224,185	233,310
Group Debtors
Misc Debtors
Cash	2,545	12,567	37,562	51,951	85,256	65,602	28,616	69,552	14,052	51,228	1,099	23,715		530
misc current assets
total current assets	444,325	455,309	407,949	341,788	515,585	546,555	507,723	541,829	636,196	614,326	674,999	540,822	391,685	394,358
total assets	458,941	473,980	417,085	370,201	563,348	616,209	610,065	669,021	712,933	684,025	755,845	637,625	513,534	479,497
Bank overdraft
Bank loan
Trade Creditors	111,337	216,137	148,584	112,290	305,278	343,254	325,728	264,955	430,749	431,068	536,764	421,217	404,994	329,327
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
total current liabilities	111,337	216,137	148,584	112,290	305,278	343,254	325,728	264,955	430,749	431,068	536,764	421,217	404,994	329,327
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities	129,707	44,946	50,000	9,686	10,277	25,449	42,730	78,656	25,261	99,562	108,162	134,162	356,805	57,700
provisions
total long term liabilities	129,707	44,946	50,000	9,686	10,277	25,449	42,730	78,656	25,261	99,562	108,162	134,162	356,805	57,700
total liabilities	241,044	261,083	198,584	121,976	315,555	368,703	368,458	343,611	456,010	530,630	644,926	555,379	761,799	387,027
net assets	217,897	212,897	218,501	248,225	247,793	247,506	241,607	325,410	256,923	153,395	110,919	82,246	-248,265	92,470
total shareholders funds	217,897	212,897	218,501	248,225	247,793	247,506	241,607	325,410	256,923	153,395	110,919	82,246	-248,265	92,470

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	5,908	-5,667	-29,769	19	-211	7,047	-83,926	85,400	130,885	55,033	37,666	108,739	-340,736	-242,581
Depreciation	4,179	9,628	19,277	19,350	21,891	30,438	35,645	32,945	17,279	19,049	29,377	25,596	25,536	23,377
Amortisation
Tax	-1,173			-101	-67	-1,384		-17,122	-27,520	-12,688	-9,055	-28,288
Stock	-18,566	12,000	6,008	31,779	-28,897	-4,978	-30,257	-130,567	123,980	-44,871	120,756	-17,976	6,982	160,518
Debtors	17,604	60,355	74,542	-172,271	-21,727	6,824	37,087	-19,300	-64,934	-65,931	36,037	143,398	-9,125	233,310
Creditors	-104,800	67,553	36,294	-192,988	-37,976	17,526	60,773	-165,794	-319	-105,696	115,547	16,223	75,667	329,327
Accruals and Deferred Income
Deferred Taxes & Provisions
Cash flow from operations	-94,924	-841	-54,748	-33,228	34,261	51,781	5,662	85,296	61,279	66,500	16,742	-3,152	-237,390	-283,705
Investing Activities
capital expenditure	-124	-19,163				2,250	-10,795	-83,400	-24,317	-7,902	-13,420	-550	-62,246	-108,516
Change in Investments
cash flow from investments	-124	-19,163				2,250	-10,795	-83,400	-24,317	-7,902	-13,420	-550	-62,246	-108,516
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities	84,761	-5,054	40,314	-591	-15,172	-17,281	-35,926	53,395	-74,301	-8,600	-26,000	-222,643	299,105	57,700
share issue												250,000		335,050
interest	264	63	45	515	566	236	123	209	163	131	62	59	1	1
cash flow from financing	85,025	-4,991	40,359	-76	-14,606	-17,045	-35,803	53,604	-74,138	-8,469	-25,938	27,416	299,106	392,751
cash and cash equivalents
cash	-10,022	-24,995	-14,389	-33,305	19,654	36,986	-40,936	55,500	-37,176	50,129	-22,616	23,715	-530	530
overdraft
change in cash	-10,022	-24,995	-14,389	-33,305	19,654	36,986	-40,936	55,500	-37,176	50,129	-22,616	23,715	-530	530

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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PREMIER GRIP TRADING LIMITED group structure

Premier Grip Trading Limited has no subsidiary companies.

Ultimate parent company

PREMIER GRIP TRADING LIMITED

01661940

PREMIER GRIP TRADING LIMITED Shareholders

alan morris	100%
m w associates ltd	0%

Premier Grip Trading Limited currently has 1 director, Mr Alan Morris serving since Aug 1992.

officer	country	age	start	end	role
Mr Alan Morris	England	80 years	Aug 1992	-	Director

P&L

December 2022

turnover

731.7k

-33%

operating profit

5.9k

gross margin

20.2%

+2.02%

turnover

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

Balance Sheet

December 2022

net assets

217.9k

+0.02%

total assets

458.9k

-0.03%

cash

2.5k

-0.8%

net assets

Total assets minus all liabilities

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company number

01661940

Type

Private limited with Share Capital

industry

32990 - Other manufacturing n.e.c.

incorporation date

September 1982

ultimate parent company

None

previous names

faire bros. & co. limited (October 2014)

alnery no. 157 limited (January 1983)

address

leonard curtis house, elms square, bury new orad, manchester, M45 7TA

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 premier grip trading limited. Currently there are 1 open charges and 4 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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premier grip trading limited Company Information

premier grip trading limited Estimated Valuation

premier grip trading limited Estimated Valuation

premier grip trading limited Estimated Valuation

Premier Grip Trading Limited Overview

Premier Grip Trading Limited Health Check

PREMIER GRIP TRADING LIMITED financials

premier grip trading limited Credit Report and Business Information

Premier Grip Trading Limited Competitor Analysis

premier grip trading limited Ownership

premier grip trading limited directors

premier grip trading limited company details

premier grip trading limited Charges & Mortgages

premier grip trading limited Capital Raised & Share Issues BETA

premier grip trading limited Companies House Filings - See Documents