Greycon Limited

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greycon limited Company Information

Live

MatureSmallDeclining

Company Number

01861647

Website

www.greycon.com

Registered Address

stables 1 howbery park, wallingford, oxon, OX10 8BA

Industry

Business and domestic software development

Telephone

02079780700

Next Accounts Due

September 2024

Group Structure

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Directors

Richard Clancy5 Years

Thomas Baptie2 Years

Shareholders

jonas computing (uk) limited 100%

greycon limited Estimated Valuation

£9.1m

Pomanda estimates the enterprise value of GREYCON LIMITED at £9.1m based on an EBITDA of £2m and a 4.45x industry multiple (adjusted for size and gross margin).

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Greycon Limited is a live company located in oxon, OX10 8BA with a Companies House number of 01861647. It operates in the business and domestic software development sector, SIC Code 62012. Founded in November 1984, it's largest shareholder is jonas computing (uk) limited with a 100% stake. Greycon Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Greycon Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

1 Regular

7 Weak

Size

annual sales of £2.3m, make it smaller than the average company (£3.7m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (7.6%)

EXPORT

Greycon Limited's latest turnover from December 2022 is estimated at £2.3 million and the company has net assets of £3.9 million. According to their latest financial statements, Greycon Limited has 9 employees and maintains cash reserves of £7.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,312,087	1,536,641	6,087,795	4,060,528	4,747,409	6,364,014	5,871,804	4,975,920	4,475,475	4,488,072	4,047,311	3,772,077	3,718,586	3,240,323
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,327,078	859,093	241,443	390,664	1,820,601	2,621,183	1,013,013	762,172	1,676,936	1,462,929	1,117,520	1,155,434	1,946,356	2,290,010
Gross Profit	985,009	677,548	5,846,352	3,669,864	2,926,808	3,742,831	4,858,791	4,213,748	2,798,539	3,025,143	2,929,791	2,616,643	1,772,230	950,313
Admin Expenses	-979,244	-339,769	3,953,919	3,904,946	1,666,637	3,565,194	4,415,329	3,770,440	2,689,285	2,931,946	2,621,851	2,395,067	1,273,823	1,166,681
Operating Profit	1,964,253	1,017,317	1,892,433	-235,082	1,260,171	177,637	443,462	443,308	109,254	93,197	307,940	221,576	498,407	-216,368
Interest Payable	26,280	17,276	0	0	1,729	10,525	11,630	13,731	17,407	12,680	30,284	20,795	15,060	0
Interest Receivable	195	110	77	0	12,217	15,468	10,994	1,658	421	601	694	2,986	18,919	6,989
Pre-Tax Profit	1,938,168	1,000,152	1,892,510	-235,082	2,829,490	251,492	488,074	447,482	92,268	81,118	278,350	203,767	502,266	-209,379
Tax	-368,252	-190,029	-311,237	64,679	6,348	77,673	-93,130	16,844	26,983	10,586	-15,616	-31,853	78,031	24,689
Profit After Tax	1,569,916	810,123	1,581,273	-170,403	2,835,838	329,165	394,944	464,326	119,251	91,704	262,734	171,914	580,297	-184,690
Dividends Paid	0	0	131,549	4,674,428	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,569,916	810,123	1,449,724	-4,844,831	2,835,838	329,165	394,944	464,326	119,251	91,704	262,734	171,914	580,297	-184,690
Employee Costs	607,633	757,726	2,293,969	1,849,792	1,590,510	3,134,028	3,347,653	3,077,760	1,853,131	2,001,500	2,067,181	1,794,263	1,248,810	1,128,032
Number Of Employees	9	12	11	12	45	45	68	72	70	69	74	71	25	23
EBITDA*	2,037,431	1,092,113	1,971,856	-185,291	1,277,275	255,931	529,097	520,663	180,345	160,136	382,855	279,131	535,413	-199,404

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	566,012	639,190	713,986	793,239	1,160,855	1,560,686	1,631,031	1,540,509	1,631,689	1,807,500	1,635,174	1,424,650	916,184	915,785
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	234,671	234,671	234,671	279,025	0	441,205	157,323	221,208	125,000	125,000	100,000	50,000	146,338	154,587
Debtors (Due After 1 year)	2,683	3,772	4,862	5,951	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	803,366	877,633	953,519	1,078,215	1,160,855	1,266,941	1,788,354	1,761,717	1,756,689	1,932,500	1,735,174	1,474,650	1,062,522	1,070,372
Stock & work in progress	0	0	0	723,126	25,592	70,967	22,965	3,716	22,181	25,766	27,094	11,193	0	0
Trade Debtors	1,142,603	666,943	545,538	606,818	673,439	589,707	746,907	759,944	624,763	943,993	1,038,982	751,238	319,040	503,740
Group Debtors	5,118,609	3,977,671	2,600,094	1,706,520	0	0	0	0	0	0	0	0	679,584	23,090
Misc Debtors	111,641	272,454	263,293	409,386	0	219,511	284,103	330,052	269,403	208,461	178,366	525,022	431,342	286,482
Cash	7,143	4,022	84,358	236,037	649,143	3,095,681	2,608,837	1,674,399	1,129,718	749,999	772,504	1,110,497	611,883	576,621
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,379,996	4,921,090	3,493,283	3,681,887	8,020,375	4,888,489	3,662,812	2,768,111	2,046,065	1,928,219	2,016,946	2,397,950	2,041,849	1,389,933
total assets	7,183,362	5,798,723	4,446,802	4,760,102	9,181,230	6,155,430	5,451,166	4,529,828	3,802,754	3,860,719	3,752,120	3,872,600	3,104,371	2,460,305
Bank overdraft	442	552,823	0	0	0	0	0	0	33,498	0	6,240	79,564	45,833	0
Bank loan	0	0	0	0	0	33,600	33,600	33,498	0	67,477	78,178	0	0	45,833
Trade Creditors	108,977	91,852	1,325,058	2,916,706	317,945	164,381	249,784	243,370	134,025	129,597	116,742	166,393	47,658	256,178
Group/Directors Accounts	483,731	273,269	0	0	0	545,773	0	0	0	0	0	0	252,074	0
other short term finances	0	0	0	0	1,309,062	0	0	0	0	0	0	0	0	0
hp & lease commitments	71,617	68,811	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	2,130,565	1,920,848	0	0	0	3,024,796	2,092,367	1,660,258	1,460,723	1,488,303	1,670,173	1,974,677	1,674,904	1,514,689
total current liabilities	2,795,332	2,907,603	1,325,058	2,916,706	3,669,422	3,349,146	2,375,751	1,937,126	1,628,246	1,685,377	1,871,333	2,220,634	2,020,469	1,816,700
loans	0	0	0	0	0	307,433	331,760	367,768	417,955	472,640	276,681	354,859	364,167	504,167
hp & lease commitments	512,114	585,120	653,931	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	971,936	2,060,510	0	0	0	0	0	0	0	0	0	0
other liabilities	169	169	169	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	2,926	0	0	0	0	0	0	0
total long term liabilities	512,283	585,289	1,626,036	2,060,510	0	307,433	334,686	367,768	417,955	472,640	276,681	354,859	364,167	504,167
total liabilities	3,307,615	3,492,892	2,951,094	4,977,216	3,669,422	3,656,579	2,710,437	2,304,894	2,046,201	2,158,017	2,148,014	2,575,493	2,384,636	2,320,867
net assets	3,875,747	2,305,831	1,495,708	-217,114	5,511,808	2,498,851	2,740,729	2,224,934	1,756,553	1,702,702	1,604,106	1,297,107	719,735	139,438
total shareholders funds	3,875,747	2,305,831	1,495,708	-217,114	5,511,808	2,498,851	2,740,729	2,224,934	1,756,553	1,702,702	1,604,106	1,297,107	719,735	139,438

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	1,964,253	1,017,317	1,892,433	-235,082	1,260,171	177,637	443,462	443,308	109,254	93,197	307,940	221,576	498,407	-216,368
Depreciation	73,178	74,796	79,423	49,791	17,104	78,294	85,635	77,355	71,091	66,939	74,915	57,555	37,006	16,964
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-368,252	-190,029	-311,237	64,679	6,348	77,673	-93,130	16,844	26,983	10,586	-15,616	-31,853	78,031	24,689
Stock	0	0	-723,126	697,534	2,627	48,002	19,249	-18,465	-3,585	-1,328	15,901	11,193	0	0
Debtors	1,454,696	1,507,053	685,112	2,055,236	-357,571	127,872	-58,986	195,830	-258,288	-64,894	-58,912	-153,706	616,654	813,312
Creditors	17,125	-1,233,206	-1,591,648	2,598,761	68,161	-85,403	6,414	109,345	4,428	12,855	-49,651	118,735	-208,520	256,178
Accruals and Deferred Income	209,717	948,912	-1,088,574	2,060,510	-2,092,367	932,429	432,109	199,535	-27,580	-181,870	-304,504	299,773	160,215	1,514,689
Deferred Taxes & Provisions	0	0	0	0	-2,926	-2,926	2,926	0	0	0	0	0	0	0
Cash flow from operations	441,325	-889,263	-981,589	1,785,889	-388,565	1,001,830	917,153	669,022	446,049	67,929	56,095	808,299	-51,515	782,840
Investing Activities
capital expenditure	0	0	-170	317,825	453,072	-147,740	55,225	-71,920	-95,365	-335,253	-291,174	-393,612	-37,405	-932,749
Change in Investments	0	0	-44,354	279,025	-157,323	283,882	-63,885	96,208	0	25,000	50,000	-96,338	-8,249	154,587
cash flow from investments	0	0	44,184	38,800	610,395	-431,622	119,110	-168,128	-95,365	-360,253	-341,174	-297,274	-29,156	-1,087,336
Financing Activities
Bank loans	0	0	0	0	-33,600	0	102	33,498	-67,477	-10,701	78,178	0	-45,833	45,833
Group/Directors Accounts	210,462	273,269	0	0	0	545,773	0	0	0	0	0	-252,074	252,074	0
Other Short Term Loans	0	0	0	-1,309,062	1,309,062	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	-331,760	-24,327	-36,008	-50,187	-54,685	195,959	-78,178	-9,308	-140,000	504,167
Hire Purchase and Lease Commitments	-70,200	0	653,931	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	169	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	263,098	-884,091	-64,759	-571,043	120,851	4,055	-65,400	6,892	44,265	405,458	0	324,128
interest	-26,085	-17,166	77	0	10,488	4,943	-636	-12,073	-16,986	-12,079	-29,590	-17,809	3,859	6,989
cash flow from financing	114,177	256,103	917,275	-2,193,153	889,431	-44,654	84,309	-24,707	-204,548	180,071	14,675	126,267	70,100	881,117
cash and cash equivalents
cash	3,121	-80,336	-151,679	-413,106	-1,959,694	486,844	934,438	544,681	379,719	-22,505	-337,993	498,614	35,262	576,621
overdraft	-552,381	552,823	0	0	0	0	0	-33,498	33,498	-6,240	-73,324	33,731	45,833	0
change in cash	555,502	-633,159	-151,679	-413,106	-1,959,694	486,844	934,438	578,179	346,221	-16,265	-264,669	464,883	-10,571	576,621

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GREYCON LIMITED group structure

Greycon Limited has no subsidiary companies.

Ultimate parent company

CONSTELLATION SOFTWARE INC

#0057346

JONAS COMPUTING (UK) LIMITED

05301607

2 parents

GREYCON LIMITED

01861647

GREYCON LIMITED Shareholders

jonas computing (uk) limited

100%

Greycon Limited currently has 2 directors. The longest serving directors include Mr Richard Clancy (Oct 2018) and Mr Thomas Baptie (Apr 2022).

officer	country	age	start	end	role
Mr Richard Clancy	England	51 years	Oct 2018	-	Director
Mr Thomas Baptie	England	40 years	Apr 2022	-	Director

P&L

December 2022

turnover

2.3m

+50%

operating profit

gross margin

42.7%

-3.38%

turnover

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

Balance Sheet

December 2022

net assets

3.9m

+0.68%

total assets

7.2m

+0.24%

cash

7.1k

+0.78%

net assets

Total assets minus all liabilities

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company number

01861647

Type

Private limited with Share Capital

industry

62012 - Business and domestic software development

incorporation date

November 1984

accounts

Audit Exemption Subsidiary

ultimate parent company

CONSTELLATION SOFTWARE INC

previous names

greycon consultants limited (August 1994)

greycon limited (February 1985)

last accounts submitted

December 2022

address

stables 1 howbery park, wallingford, oxon, OX10 8BA

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 11 charges/mortgages relating to greycon limited. Currently there are 3 open charges and 8 have been satisfied in the past.

greycon limited Company Information

greycon limited Estimated Valuation

greycon limited Estimated Valuation

greycon limited Estimated Valuation

Greycon Limited Overview

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GREYCON LIMITED financials

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greycon limited directors

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