Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
Pomanda estimates the enterprise value of GROVE ELECTRICAL LIMITED at £171.6k based on a Turnover of £513.9k and 0.33x industry multiple (adjusted for size and gross margin).
grove electrical limitedEstimated Valuation
£71.9k
Pomanda estimates the enterprise value of GROVE ELECTRICAL LIMITED at £71.9k based on an EBITDA of £22.8k and a 3.15x industry multiple (adjusted for size and gross margin).
grove electrical limitedEstimated Valuation
£0
Pomanda estimates the enterprise value of GROVE ELECTRICAL LIMITED at £0 based on Net Assets of £-71.8k and 2.12x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Grove Electrical LimitedOverview
Grove Electrical Limited is a live company located in middx, TW7 4JD with a Companies House number of 01743610. It operates in the wholesale of household goods (other than musical instruments) n.e.c. sector, SIC Code 46439. Founded in August 1983, it's largest shareholder is
kieron griffin
with a 90% stake. Grove Electrical Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£513.9k with
low
growth in recent years.
Pomanda's financial health check has awarded Grove Electrical Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs
Health Rating3.5out of 5
3 Strong
4 Regular
4 Weak
Size
annual sales of £513.9k, make it smaller than the average company (£23.7m)
£513.9k - Grove Electrical Limited
£23.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (8.2%)
4% - Grove Electrical Limited
8.2% - Industry AVG
Production
with a gross margin of 22.6%, this company has a comparable cost of product (22.6%)
22.6% - Grove Electrical Limited
22.6% - Industry AVG
Profitability
an operating margin of 4.4% make it more profitable than the average company (3.6%)
4.4% - Grove Electrical Limited
3.6% - Industry AVG
Employees
with 1 employees, this is below the industry average (50)
1 - Grove Electrical Limited
50 - Industry AVG
Pay Structure
on an average salary of £49.5k, the company has an equivalent pay structure (£49.5k)
£49.5k - Grove Electrical Limited
£49.5k - Industry AVG
Efficiency
resulting in sales per employee of £513.9k, this is equally as efficient (£530.7k)
£513.9k - Grove Electrical Limited
£530.7k - Industry AVG
Debtor Days
it gets paid by customers after 62 days, this is near the average (57 days)
62 days - Grove Electrical Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 102 days, this is slower than average (32 days)
102 days - Grove Electrical Limited
32 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (75 days)
1 days - Grove Electrical Limited
75 days - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Grove Electrical Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 179.4%, this is a higher level of debt than the average (55.9%)
179.4% - Grove Electrical Limited
55.9% - Industry AVG
GROVE ELECTRICAL LIMITED financials
EXPORT
Grove Electrical Limited's latest turnover from August 2023 is estimated at £513.9 thousand and the company has net assets of -£71.8 thousand. According to their latest financial statements, Grove Electrical Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Turnover
513,853
810,271
589,078
457,187
520,859
420,340
508,705
202,351
257,264
468,615
384,234
341,004
497,510
391,294
Other Income Or Grants
Cost Of Sales
397,770
626,944
463,137
355,640
399,802
324,467
390,543
155,295
196,926
362,259
291,577
261,329
381,200
297,432
Gross Profit
116,084
183,328
125,942
101,548
121,057
95,873
118,162
47,056
60,337
106,356
92,656
79,675
116,310
93,862
Admin Expenses
93,244
219,295
160,762
75,237
132,542
97,993
123,500
60,403
67,103
99,858
93,116
78,605
111,661
92,930
-2,001
Operating Profit
22,840
-35,967
-34,820
26,311
-11,485
-2,120
-5,338
-13,347
-6,766
6,498
-460
1,070
4,649
932
2,001
Interest Payable
2,158
317
182
728
840
296
1,306
1,250
1,315
2,834
1,950
431
Interest Receivable
9
1
1
1
3
7
7
9
6
1
2
1
Pre-Tax Profit
20,683
-36,275
-35,002
25,583
-12,324
-2,416
-6,644
-14,595
-6,759
6,505
-451
-240
1,816
-1,016
1,571
Tax
-5,171
-4,861
-1,366
-472
-440
Profit After Tax
15,512
-36,275
-35,002
20,722
-12,324
-2,416
-6,644
-14,595
-6,759
5,139
-451
-240
1,344
-1,016
1,131
Dividends Paid
Retained Profit
15,512
-36,275
-35,002
20,722
-12,324
-2,416
-6,644
-14,595
-6,759
5,139
-451
-240
1,344
-1,016
1,131
Employee Costs
49,548
95,400
83,723
84,296
82,390
81,503
115,804
35,163
32,701
62,317
63,824
61,560
60,945
60,430
Number Of Employees
1
2
2
2
2
2
3
1
1
2
2
2
2
2
EBITDA*
22,840
-34,785
-32,241
28,890
-8,906
459
-2,758
-10,585
-5,466
6,681
-277
1,070
4,862
2,301
4,156
* Earnings Before Interest, Tax, Depreciation and Amortisation
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Tangible Assets
1,182
3,761
6,340
8,919
11,498
14,078
16,841
2,291
2,475
1,925
1,925
2,138
3,507
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
1,182
3,761
6,340
8,919
11,498
14,078
16,841
2,291
2,475
1,925
1,925
2,138
3,507
Stock & work in progress
1,941
2,615
2,490
1,870
2,623
2,185
2,260
1,761
3,865
1,972
2,627
2,157
2,471
4,045
2,731
Trade Debtors
88,467
138,606
78,829
67,015
96,419
66,686
71,244
49,870
48,668
92,404
75,694
67,388
112,848
93,766
74,331
Group Debtors
Misc Debtors
400
38,521
15,100
494
930
1,809
7,055
Cash
1,037
252
100
100
558
1,457
1,376
1,324
2,241
57
335
567
misc current assets
total current assets
90,408
141,621
120,877
84,237
99,636
69,901
75,313
59,244
53,990
95,752
79,645
71,786
115,376
98,146
77,629
total assets
90,408
141,621
122,059
87,998
105,976
78,820
86,811
73,322
70,831
98,043
82,120
73,711
117,301
100,284
81,136
Bank overdraft
30,176
8,182
5,983
17,898
6,979
1,797
40,009
40,474
46,726
13,272
Bank loan
Trade Creditors
111,191
175,517
161,577
78,957
73,288
67,422
67,526
29,368
57,039
92,036
81,252
72,392
75,268
53,343
66,569
Group/Directors Accounts
other short term finances
hp & lease commitments
3,889
3,888
other current liabilities
18,630
43,023
9,308
16,882
49,336
23,676
29,950
5,245
total current liabilities
159,997
226,722
170,885
101,822
140,522
98,077
103,162
78,510
57,039
92,036
81,252
72,392
115,742
100,069
79,841
loans
hp & lease commitments
2,965
3,455
7,344
Accruals and Deferred Income
2,185
other liabilities
2,185
2,185
2,185
2,185
2,185
11,233
provisions
2,185
2,815
3,311
64
total long term liabilities
2,185
2,185
2,185
2,185
2,185
5,150
5,640
10,159
14,544
64
total liabilities
162,182
228,907
173,070
104,007
142,707
103,227
108,802
88,669
71,583
92,036
81,252
72,392
115,742
100,069
79,905
net assets
-71,774
-87,286
-51,011
-16,009
-36,731
-24,407
-21,991
-15,347
-752
6,007
868
1,319
1,559
215
1,231
total shareholders funds
-71,774
-87,286
-51,011
-16,009
-36,731
-24,407
-21,991
-15,347
-752
6,007
868
1,319
1,559
215
1,231
Aug 2023
Aug 2022
Aug 2021
Aug 2020
Aug 2019
Aug 2018
Aug 2017
Aug 2016
Aug 2015
Aug 2014
Aug 2013
Aug 2012
Aug 2011
Aug 2010
Aug 2009
Operating Activities
Operating Profit
22,840
-35,967
-34,820
26,311
-11,485
-2,120
-5,338
-13,347
-6,766
6,498
-460
1,070
4,649
932
2,001
Depreciation
1,182
2,579
2,579
2,579
2,579
2,580
2,762
1,300
183
183
213
1,369
2,155
Amortisation
Tax
-5,171
-4,861
-1,366
-472
-440
Stock
-674
125
620
-753
438
-75
499
-2,104
1,893
-655
470
-314
-1,574
1,314
2,731
Debtors
-50,539
21,656
35,235
-14,798
29,297
-5,437
16,128
8,257
-43,736
16,710
8,306
-45,460
19,082
19,435
74,331
Creditors
-64,326
13,940
82,620
5,669
5,866
-104
38,158
-27,671
-34,997
10,784
8,860
-2,876
21,925
-13,226
66,569
Accruals and Deferred Income
-22,208
33,715
-7,574
-32,454
25,660
-6,274
24,705
5,245
Deferred Taxes & Provisions
-2,185
-630
-496
3,311
-64
64
Cash flow from operations
-17,652
-8,911
6,950
12,795
-7,115
-2,592
42,848
-39,660
4,691
44
-193
43,968
8,807
-31,738
-6,713
Investing Activities
capital expenditure
1
-15,850
1
-733
-5,662
Change in Investments
cash flow from investments
1
-15,850
1
-733
-5,662
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-2,965
-4,379
-3,888
11,232
other long term liabilities
-2,185
2,185
-11,233
11,233
share issue
100
interest
-2,158
-308
-181
-728
-839
-296
-1,305
-1,247
7
7
9
-1,309
-2,833
-1,948
-430
cash flow from financing
-4,343
-308
-181
-728
-3,804
-2,490
-5,193
-1,248
11,240
7
9
-1,309
-2,833
-1,948
-330
cash and cash equivalents
cash
-1,037
785
152
100
-558
-899
81
52
-917
2,184
-278
-232
567
overdraft
21,994
8,182
-5,983
-11,915
10,919
5,182
-38,212
40,009
-40,474
-6,252
33,454
13,272
change in cash
-21,994
-9,219
6,768
12,067
-10,919
-5,082
37,654
-40,908
81
52
-917
42,658
5,974
-33,686
-12,705
grove electrical limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for grove electrical limited. Get real-time insights into grove electrical limited's credit score, group structure and payment trends.
Perform a competitor analysis for grove electrical limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in TW7 area or any other competitors across 12 key performance metrics.
grove electrical limited Ownership
GROVE ELECTRICAL LIMITED group structure
Grove Electrical Limited has no subsidiary companies.
Ultimate parent company
GROVE ELECTRICAL LIMITED
01743610
GROVE ELECTRICAL LIMITED Shareholders
The largest shareholders in Grove Electrical Limited include Kieron Griffin and Maire Griffin.
kieron griffin
90%
maire griffin
10%
grove electrical limited directors
Grove Electrical Limited currently has 2 directors.
The longest serving directors include
Ms Maire Griffin (Nov 1990) and
Mr Kieron Griffin (Dec 2000).
46439 - Wholesale of radio and television goods and of electrical household appliances (other than of gramophone records, audio tapes, compact discs and video tapes and the equipment on which these are played) n.e.c.
incorporation date
August 1983
age
42
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
August 2023
previous names
N/A
accountant
BBK PARTNERSHIP
auditor
-
address
89 the grove, isleworth, middx, TW7 4JD
Bank
-
Legal Advisor
-
grove electrical 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 1 charges/mortgages relating to grove electrical limited. Currently there are 1 open charges and 0 have been satisfied in the past.
grove electrical 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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grove electrical limitedCompanies House Filings - See Documents
