Grovestar Limited

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grovestar limited Company Information

Dissolved

Company Number

01953537

Website

www.grovestarlimited.com

Registered Address

portway house stream road, kingswinford, west midlands, DY6 9NT

Industry

Manufacture of basic iron and steel and of ferro-alloys

Telephone

01215594747

Next Accounts Due

October 2024

Group Structure

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Directors

Brian Welsh33 Years

Stephen Troman33 Years

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Shareholders

stephen john troman 33.3%

brian welsh 33.3%

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grovestar limited Estimated Valuation

£364.6k

Pomanda estimates the enterprise value of GROVESTAR LIMITED at £364.6k based on an EBITDA of £177.8k and a 2.05x industry multiple (adjusted for size and gross margin).

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Grovestar Limited is a dissolved company that was located in west midlands, DY6 9NT with a Companies House number of 01953537. It operated in the manufacture of basic iron and steel and of ferro-alloys sector, SIC Code 24100. Founded in October 1985, it's largest shareholder was stephen john troman with a 33.3% stake. The last turnover for Grovestar Limited was estimated at £1.4m.

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Pomanda's financial health check has awarded Grovestar Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£24.5m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (9%)

EXPORT

Grovestar Limited's latest turnover from May 2023 is estimated at £1.4 million and the company has net assets of £170.9 thousand. According to their latest financial statements, Grovestar Limited has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 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	1,364,138	981,529	954,478	1,063,673	1,013,412	780,730	731,014	494,945	279,403	505,058	232,542	255,543	364,541	253,468
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,206,569	858,869	858,451	943,257	906,876	696,208	632,061	448,293	255,122	447,069	210,294	228,188	320,776	222,130
Gross Profit	157,569	122,661	96,027	120,416	106,536	84,523	98,953	46,652	24,281	57,989	22,248	27,354	43,764	31,338
Admin Expenses	-20,238	167,670	119,807	168,217	114,327	121,228	108,618	12,812	42,616	14,493	42,525	44,323	-32,915	-171,235
Operating Profit	177,807	-45,009	-23,780	-47,801	-7,791	-36,705	-9,665	33,840	-18,335	43,496	-20,277	-16,969	76,679	202,573
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	183	724	479	249	333	301	190	95
Pre-Tax Profit	177,807	-45,009	-23,780	-47,801	-7,791	-36,705	-9,482	34,564	-17,856	43,745	-19,944	-16,668	76,869	202,668
Tax	-44,452	0	0	0	0	0	0	-6,913	0	-10,061	0	0	-21,523	-56,747
Profit After Tax	133,355	-45,009	-23,780	-47,801	-7,791	-36,705	-9,482	27,651	-17,856	33,684	-19,944	-16,668	55,346	145,921
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	133,355	-45,009	-23,780	-47,801	-7,791	-36,705	-9,482	27,651	-17,856	33,684	-19,944	-16,668	55,346	145,921
Employee Costs	185,518	162,466	148,859	158,607	156,922	146,170	70,425	73,571	34,435	68,263	33,973	32,673	32,849	30,596
Number Of Employees	4	4	4	4	4	4	2	2	1	2	1	1	1	1
EBITDA*	177,807	-45,009	-23,780	-47,801	-7,791	-36,705	-9,665	41,800	-9,125	49,426	-13,611	-12,399	81,269	207,676

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 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	0	132,126	136,232	140,428	143,780	148,404	154,495	111,230	119,190	101,508	105,938	101,533	103,357	107,947
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	49,843	49,578	49,452	49,079	48,515	48,000	47,538
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	132,126	136,232	140,428	143,780	148,404	154,495	161,073	168,768	150,960	155,017	150,048	151,357	155,485
Stock & work in progress	0	0	0	0	0	0	0	17,813	7,533	24,069	5,407	5,361	3,323	5,649
Trade Debtors	453,921	256,960	259,963	265,777	268,664	222,717	225,363	120,288	34,197	145,251	55,400	66,271	144,324	56,439
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	958	942	968	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	146,531	143,118	48,486	51,245	82,102	38,193	37,945
misc current assets	0	0	0	0	1,475	948	1,061	0	0	0	0	0	0	0
total current assets	453,921	257,918	260,905	266,745	270,139	223,665	226,424	284,632	184,848	217,806	112,052	153,734	185,840	100,033
total assets	453,921	390,044	397,137	407,173	413,919	372,069	380,919	445,705	353,616	368,766	267,069	303,782	337,197	255,518
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	0
Trade Creditors	279,304	349,399	308,502	294,876	253,894	204,333	175,561	230,404	164,798	166,069	97,632	118,184	134,931	108,598
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	279,304	349,399	308,502	294,876	253,894	204,333	175,561	230,404	164,798	166,069	97,632	118,184	134,931	108,598
loans	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
Accruals and Deferred Income	3,696	3,079	6,060	5,942	5,869	5,789	6,706	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	6,168	7,336	3,359	3,783	0	0	0
total long term liabilities	3,696	3,079	6,060	5,942	5,869	5,789	6,706	6,168	7,336	3,359	3,783	0	0	0
total liabilities	283,000	352,478	314,562	300,818	259,763	210,122	182,267	236,572	172,134	169,428	101,415	118,184	134,931	108,598
net assets	170,921	37,566	82,575	106,355	154,156	161,947	198,652	209,133	181,482	199,338	165,654	185,598	202,266	146,920
total shareholders funds	170,921	37,566	82,575	106,355	154,156	161,947	198,652	209,133	181,482	199,338	165,654	185,598	202,266	146,920

	May 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	177,807	-45,009	-23,780	-47,801	-7,791	-36,705	-9,665	33,840	-18,335	43,496	-20,277	-16,969	76,679	202,573
Depreciation	0	0	0	0	0	0	0	7,960	9,210	5,930	6,666	4,570	4,590	5,103
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-44,452	0	0	0	0	0	0	-6,913	0	-10,061	0	0	-21,523	-56,747
Stock	0	0	0	0	0	0	-17,813	10,280	-16,536	18,662	46	2,038	-2,326	5,649
Debtors	196,003	-2,987	-5,840	-1,919	45,947	-2,646	105,075	86,091	-111,054	89,851	-10,871	-78,053	87,885	56,439
Creditors	-70,095	40,897	13,626	40,982	49,561	28,772	-54,843	65,606	-1,271	68,437	-20,552	-16,747	26,333	108,598
Accruals and Deferred Income	617	-2,981	118	73	80	-917	6,706	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-6,168	-1,168	3,977	-424	3,783	0	0	0
Cash flow from operations	-132,126	-4,106	-4,196	-4,827	-4,097	-6,204	-151,232	2,954	121,171	-1,135	-19,555	46,869	520	197,439
Investing Activities
capital expenditure	132,126	4,106	4,196	3,352	4,624	6,091	-43,265	0	-26,892	-1,500	-11,071	-2,746	0	-113,050
Change in Investments	0	0	0	0	0	0	-49,843	265	126	373	564	515	462	47,538
cash flow from investments	132,126	4,106	4,196	3,352	4,624	6,091	6,578	-265	-27,018	-1,873	-11,635	-3,261	-462	-160,588
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0
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	0	0	0
share issue	0	0	0	0	0	0	-999	0	0	0	0	0	0	999
interest	0	0	0	0	0	0	183	724	479	249	333	301	190	95
cash flow from financing	0	0	0	0	0	0	-816	724	479	249	333	301	190	1,094
cash and cash equivalents
cash	0	0	0	0	0	0	-146,531	3,413	94,632	-2,759	-30,857	43,909	248	37,945
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-146,531	3,413	94,632	-2,759	-30,857	43,909	248	37,945

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROVESTAR LIMITED group structure

Grovestar Limited has no subsidiary companies.

Ultimate parent company

GROVESTAR LIMITED

01953537

GROVESTAR LIMITED Shareholders

stephen john troman	33.33%
brian welsh	33.33%
michael north	33.33%

Grovestar Limited currently has 3 directors. The longest serving directors include Mr Brian Welsh (Oct 1991) and Mr Stephen Troman (Oct 1991).

officer	country	age	start	end	role
Mr Brian Welsh	England	59 years	Oct 1991	-	Director
Mr Stephen Troman		60 years	Oct 1991	-	Director
Mr Michael North		60 years	Oct 1992	-	Director

P&L

May 2023

turnover

1.4m

+39%

operating profit

177.8k

gross margin

11.6%

-7.57%

turnover

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

Balance Sheet

May 2023

net assets

170.9k

+3.55%

total assets

453.9k

+0.16%

cash

net assets

Total assets minus all liabilities

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company number

01953537

Type

Private limited with Share Capital

industry

24100 - Manufacture of basic iron and steel and of ferro-alloys

incorporation date

October 1985

ultimate parent company

None

previous names

N/A

address

portway house stream road, kingswinford, west midlands, DY6 9NT

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grovestar limited Company Information

grovestar limited Estimated Valuation

grovestar limited Estimated Valuation

grovestar limited Estimated Valuation

Grovestar Limited Overview

Grovestar Limited Health Check

GROVESTAR LIMITED financials

grovestar limited Credit Report and Business Information

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grovestar limited Ownership

grovestar limited directors

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grovestar limited Companies House Filings - See Documents