Groundprime Property Management Limited

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groundprime property management limited Company Information

Live

MatureMicroDeclining

Company Number

02352813

Website

Registered Address

17 market street, atherstone, warwickshire, CV9 1ET

Industry

Management of real estate on a fee or contract basis

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

Andrew Wilson22 Years

John Cutler16 Years

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Shareholders

waa ltd (1996) pension fund 31.3%

flow ontrol engineering solutions limited 12.5%

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groundprime property management limited Estimated Valuation

£75

Pomanda estimates the enterprise value of GROUNDPRIME PROPERTY MANAGEMENT LIMITED at £75 based on a Turnover of £73 and 1.04x industry multiple (adjusted for size and gross margin).

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Groundprime Property Management Limited is a live company located in warwickshire, CV9 1ET with a Companies House number of 02352813. It operates in the management of real estate on a fee or contract basis sector, SIC Code 68320. Founded in February 1989, it's largest shareholder is waa ltd (1996) pension fund with a 31.3% stake. Groundprime Property Management Limited is a mature, micro sized company, Pomanda has estimated its turnover at £73.1 with declining growth in recent years.

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Pomanda's financial health check has awarded Groundprime Property Management Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

6 Weak

Size

annual sales of £73.1, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of -91%, show it is growing at a slower rate (4.2%)

EXPORT

Groundprime Property Management Limited's latest turnover from September 2023 is estimated at £73 and the company has net assets of £16. According to their latest financial statements, we estimate that Groundprime Property Management Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	73	63	58	107,977	93,778	94,393	0	6,298	12,797	14,635	10,008	10,282	12,656	6,771	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	64	56	52	97,430	83,027	82,817	0	5,341	10,945	12,781	8,810	9,136	11,339	6,029	0
Gross Profit	9	7	5	10,547	10,751	11,576	0	958	1,852	1,853	1,198	1,146	1,317	742	0
Admin Expenses	9	7	5	10,527	10,751	66,397	-7,475	-1,320	817	959	-7,993	2,820	-22,112	-2,590	-26,397
Operating Profit	0	0	0	20	0	-54,821	7,475	2,278	1,035	894	9,191	-1,674	23,429	3,332	26,397
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	199	122	108	209	214	203	183	141	96	45
Pre-Tax Profit	0	0	0	20	0	-54,622	7,596	2,386	1,244	1,108	9,394	-1,491	23,570	3,428	26,442
Tax	0	0	0	-4	0	0	-1,443	-477	-249	-233	-2,161	0	-6,128	-960	-7,404
Profit After Tax	0	0	0	16	0	-54,622	6,153	1,909	995	875	7,233	-1,491	17,442	2,468	19,038
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	0	0	0	16	0	-54,622	6,153	1,909	995	875	7,233	-1,491	17,442	2,468	19,038
Employee Costs	45,166	41,547	39,667	225,069	189,028	175,919	0	36,723	35,347	34,587	34,148	35,405	33,906	34,400	0
Number Of Employees	1	1	1	6	5	5	0	1	1	1	1	1	1	1	0
EBITDA*	0	0	0	20	0	-54,821	7,475	2,278	1,035	894	9,191	-1,674	23,429	3,332	26,397

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	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	0
Total Fixed Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	16	16	16	16	16	16	0	1,486	4,683	5,080	2,758	2,752	4,098	2,417	1,679
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	1,851	3,044	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	53,037	44,170	42,055	41,563	44,070	37,019	36,188	20,326	18,016
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	16	16	16	16	16	16	54,888	48,700	46,738	46,643	46,828	39,771	40,286	22,743	19,695
total assets	16	16	16	16	16	16	54,888	48,700	46,738	46,643	46,828	39,771	40,286	22,743	19,695
Bank overdraft	0	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	0
Trade Creditors	0	0	0	0	0	0	0	0	162	1,062	2,122	2,298	1,322	1,227	647
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	250	215	0	0	0	0	0	0	0
total current liabilities	0	0	0	0	0	0	250	215	162	1,062	2,122	2,298	1,322	1,227	647
loans	0	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	0
Accruals and Deferred Income	0	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	0	0	0
provisions	0	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	0	0	0
total liabilities	0	0	0	0	0	0	250	215	162	1,062	2,122	2,298	1,322	1,227	647
net assets	16	16	16	16	16	16	54,638	48,485	46,576	45,581	44,706	37,473	38,964	21,516	19,048
total shareholders funds	16	16	16	16	16	16	54,638	48,485	46,576	45,581	44,706	37,473	38,964	21,516	19,048

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	0	0	0	20	0	-54,821	7,475	2,278	1,035	894	9,191	-1,674	23,429	3,332	26,397
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	0	-4	0	0	-1,443	-477	-249	-233	-2,161	0	-6,128	-960	-7,404
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	0	0	0	0	0	-1,835	-2,679	-153	-397	2,322	6	-1,346	1,681	738	1,679
Creditors	0	0	0	0	0	0	0	-162	-900	-1,060	-176	976	95	580	647
Accruals and Deferred Income	0	0	0	0	0	-250	35	215	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	0	0	16	0	-53,236	8,746	2,007	283	-2,721	6,848	648	15,715	2,214	17,961
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	0	0	0	-16	0	0	0	0	0	0	0	0	6	0	10
interest	0	0	0	0	0	199	122	108	209	214	203	183	141	96	45
cash flow from financing	0	0	0	-16	0	199	122	108	209	214	203	183	147	96	55
cash and cash equivalents
cash	0	0	0	0	0	-53,037	8,867	2,115	492	-2,507	7,051	831	15,862	2,310	18,016
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-53,037	8,867	2,115	492	-2,507	7,051	831	15,862	2,310	18,016

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROUNDPRIME PROPERTY MANAGEMENT LIMITED group structure

Groundprime Property Management Limited has no subsidiary companies.

Ultimate parent company

GROUNDPRIME PROPERTY MANAGEMENT LIMITED

02352813

GROUNDPRIME PROPERTY MANAGEMENT LIMITED Shareholders

waa ltd (1996) pension fund	31.25%
flow ontrol engineering solutions limited	12.5%
ark media studios limited	12.5%
carehome selection ltd	6.25%
firefox ssas	6.25%
knighton slater limited	6.25%
flowtec solutions ltd	6.25%
newman theaker group	6.25%
teesg limited	6.25%
trustees of the blackstar group sipp	6.25%

Groundprime Property Management Limited currently has 5 directors. The longest serving directors include Mr Andrew Wilson (Apr 2002) and Mr John Cutler (Nov 2007).

officer	country	age	start	end	role
Mr Andrew Wilson		61 years	Apr 2002	-	Director
Mr John Cutler	England	63 years	Nov 2007	-	Director
Mr Craig Humphreys	United Kingdom	53 years	Mar 2015	-	Director
Mr Richard Wilkinson	England	50 years	Mar 2015	-	Director
Mr Michael Gahan	England	53 years	Jan 2021	-	Director

P&L

September 2023

turnover

73.1

+16%

operating profit

gross margin

12.2%

+7.14%

turnover

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

Balance Sheet

September 2023

net assets

total assets

cash

net assets

Total assets minus all liabilities

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company number

02352813

Type

Private limited with Share Capital

industry

68320 - Management of real estate on a fee or contract basis

incorporation date

February 1989

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

17 market street, atherstone, warwickshire, CV9 1ET

last accounts submitted

September 2023

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 did not find charges/mortgages relating to groundprime property management limited.

groundprime property management limited Company Information

groundprime property management limited Estimated Valuation

groundprime property management limited Estimated Valuation

groundprime property management limited Estimated Valuation

Groundprime Property Management Limited Overview

Groundprime Property Management Limited Health Check

GROUNDPRIME PROPERTY MANAGEMENT LIMITED financials

groundprime property management limited Credit Report and Business Information

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groundprime property management limited Ownership

groundprime property management limited directors

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