grosvenor carpets limited

3.5

grosvenor carpets limited Company Information

Share GROSVENOR CARPETS LIMITED
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Company Number

02718639

Registered Address

201 haverstock hill, london, NW3 4QG

Industry

Retail sale of carpets, rugs, wall and floor coverings in specialised stores

 

Telephone

01202744111

Next Accounts Due

March 2025

Group Structure

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Directors

Alan Pollock30 Years

Joseph Etches24 Years

Shareholders

joseph william etches 50%

alan james stewart pollock 50%

grosvenor carpets limited Estimated Valuation

£665.1k

Pomanda estimates the enterprise value of GROSVENOR CARPETS LIMITED at £665.1k based on a Turnover of £2.1m and 0.32x industry multiple (adjusted for size and gross margin).

grosvenor carpets limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GROSVENOR CARPETS LIMITED at £0 based on an EBITDA of £-72.6k and a 3.98x industry multiple (adjusted for size and gross margin).

grosvenor carpets limited Estimated Valuation

£326.5k

Pomanda estimates the enterprise value of GROSVENOR CARPETS LIMITED at £326.5k based on Net Assets of £106.4k and 3.07x industry multiple (adjusted for liquidity).

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Grosvenor Carpets Limited Overview

Grosvenor Carpets Limited is a live company located in london, NW3 4QG with a Companies House number of 02718639. It operates in the retail sale of carpets, rugs, wall and floor coverings in specialised stores sector, SIC Code 47530. Founded in May 1992, it's largest shareholder is joseph william etches with a 50% stake. Grosvenor Carpets Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with healthy growth in recent years.

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Grosvenor Carpets Limited Health Check

Pomanda's financial health check has awarded Grosvenor Carpets Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £2.1m, make it in line with the average company (£1.9m)

£2.1m - Grosvenor Carpets Limited

£1.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (3.7%)

10% - Grosvenor Carpets Limited

3.7% - Industry AVG

production

Production

with a gross margin of 43.5%, this company has a comparable cost of product (43.5%)

43.5% - Grosvenor Carpets Limited

43.5% - Industry AVG

profitability

Profitability

an operating margin of -4.4% make it less profitable than the average company (4.8%)

-4.4% - Grosvenor Carpets Limited

4.8% - Industry AVG

employees

Employees

with 10 employees, this is below the industry average (38)

10 - Grosvenor Carpets Limited

38 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.1k, the company has an equivalent pay structure (£31.1k)

£31.1k - Grosvenor Carpets Limited

£31.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £205.5k, this is more efficient (£165.1k)

£205.5k - Grosvenor Carpets Limited

£165.1k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 62 days, this is later than average (30 days)

62 days - Grosvenor Carpets Limited

30 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 86 days, this is slower than average (46 days)

86 days - Grosvenor Carpets Limited

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 6 days, this is less than average (90 days)

6 days - Grosvenor Carpets Limited

90 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (21 weeks)

9 weeks - Grosvenor Carpets Limited

21 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 78.5%, this is a higher level of debt than the average (63.4%)

78.5% - Grosvenor Carpets Limited

63.4% - Industry AVG

GROSVENOR CARPETS LIMITED financials

EXPORTms excel logo

Grosvenor Carpets Limited's latest turnover from June 2023 is estimated at £2.1 million and the company has net assets of £106.4 thousand. According to their latest financial statements, Grosvenor Carpets Limited has 10 employees and maintains cash reserves of £63.9 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Turnover2,054,5551,597,9441,527,9621,547,4072,240,9112,545,0902,178,2332,369,7832,900,9032,902,9733,790,0963,126,7762,864,5862,719,781
Other Income Or Grants00000000000000
Cost Of Sales1,160,474921,727937,892945,0641,408,8331,613,4771,393,0121,505,8261,760,6411,815,5392,363,7021,935,6131,773,2111,700,878
Gross Profit894,081676,217590,069602,343832,078931,613785,222863,9571,140,2631,087,4341,426,3941,191,1631,091,3751,018,903
Admin Expenses984,665661,913569,109653,403771,789851,765747,885865,8641,161,1551,081,6241,241,1351,189,4781,123,2041,019,885
Operating Profit-90,58414,30420,960-51,06060,28979,84837,337-1,907-20,8925,810185,2591,685-31,829-982
Interest Payable9,7728,3257,8643,9650000000000
Interest Receivable6,2432,27727022255243317579000000
Pre-Tax Profit-94,1138,25613,365-54,80360,84180,28137,512-1,828-20,8925,810185,2601,686-31,829-982
Tax0-1,569-2,5390-11,560-15,253-7,12700-1,220-42,610-40500
Profit After Tax-94,1136,68710,826-54,80349,28165,02830,385-1,828-20,8924,590142,6501,281-31,829-982
Dividends Paid00000000000000
Retained Profit-94,1136,68710,826-54,80349,28165,02830,385-1,828-20,8924,590142,6501,281-31,829-982
Employee Costs311,250237,214224,646298,472247,635253,707305,588473,273480,292458,714740,802648,152538,013493,581
Number Of Employees1099129101219201933322722
EBITDA*-72,57828,92034,987-41,45469,23588,51245,1226,952-17,0667,010188,9583,979-27,2253,622

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Tangible Assets34,18327,39039,26212,69819,00726,53619,09926,01614,2907371,836160,548161,202165,806
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets34,18327,39039,26212,69819,00726,53619,09926,01614,2907371,836160,548161,202165,806
Stock & work in progress19,91021,77526,85026,85032,42135,66865,920142,920153,370159,590179,500287,900289,500302,500
Trade Debtors351,543329,772307,833169,175358,329358,329246,965212,708260,186255,884306,571211,110212,174187,116
Group Debtors00000000000000
Misc Debtors24,80733,53725,92229,10822,43834,98632,15228,419000000
Cash63,943185,776178,481360,90382,84464,370108,82631,4240080808080
misc current assets0016,63716,63716,63716,63716,6370000000
total current assets460,203570,860555,723602,673512,669509,990470,500415,471413,556415,474486,151499,090501,754489,696
total assets494,386598,250594,985615,371531,676536,526489,599441,487427,846416,211487,987659,638662,956655,502
Bank overdraft26,00026,000000000000000
Bank loan00000000000000
Trade Creditors 274,646216,684235,520181,072190,825243,752257,442249,346324,050300,401376,767568,312551,219491,155
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments0004,6907,8429,8709,8709,870000000
other current liabilities37,52579,23937,825116,62895,22593,27789,48173,013000000
total current liabilities338,171321,923273,345302,390293,892346,899356,793332,229324,050300,401376,767568,312551,219491,155
loans49,83475,833127,833130,0000000000000
hp & lease commitments000001,1249,33116,168000000
Accruals and Deferred Income00000000000000
other liabilities000000008,87800102,399124,091144,872
provisions00000000000000
total long term liabilities49,83475,833127,833130,00001,1249,33116,1688,87800102,399124,091144,872
total liabilities388,005397,756401,178432,390293,892348,023366,124348,397332,928300,401376,767670,711675,310636,027
net assets106,381200,494193,807182,981237,784188,503123,47593,09094,918115,810111,220-11,073-12,35419,475
total shareholders funds106,381200,494193,807182,981237,784188,503123,47593,09094,918115,810111,220-11,073-12,35419,475
Jun 2023Jun 2022Jun 2021Jun 2020Jun 2019Jun 2018Jun 2017Jun 2016Jun 2015Jun 2014Jun 2013Jun 2012Jun 2011Jun 2010
Operating Activities
Operating Profit-90,58414,30420,960-51,06060,28979,84837,337-1,907-20,8925,810185,2591,685-31,829-982
Depreciation18,00614,61614,0279,6068,9468,6647,7858,8593,8261,2003,6992,2944,6044,604
Amortisation00000000000000
Tax0-1,569-2,5390-11,560-15,253-7,12700-1,220-42,610-40500
Stock-1,865-5,0750-5,571-3,247-30,252-77,000-10,450-6,220-19,910-108,400-1,600-13,000302,500
Debtors13,04129,554135,472-182,484-12,548114,19837,990-19,0594,302-50,68795,461-1,06425,058187,116
Creditors57,962-18,83654,448-9,753-52,927-13,6908,096-74,70423,649-76,366-191,54517,09360,064491,155
Accruals and Deferred Income-41,71441,414-78,80321,4031,9483,79616,46873,013000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations-67,50625,450-127,379158,25122,491-20,581101,56934,7708,50121-32,25823,33120,7815,161
Investing Activities
capital expenditure-24,799-2,744-40,591-3,297-1,417-16,101-868-20,585-17,379-101155,013-1,6400-170,410
Change in Investments00000000000000
cash flow from investments-24,799-2,744-40,591-3,297-1,417-16,101-868-20,585-17,379-101155,013-1,6400-170,410
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans-25,999-52,000-2,167130,0000000000000
Hire Purchase and Lease Commitments00-4,690-3,152-3,152-8,207-6,83726,038000000
other long term liabilities0000000-8,8788,8780-102,399-21,692-20,781144,872
share issue0000000000-20,3570020,457
interest-3,529-6,048-7,594-3,74355243317579000000
cash flow from financing-29,528-58,048-14,451123,105-2,600-7,774-6,66217,2398,8780-122,756-21,692-20,781165,329
cash and cash equivalents
cash-121,8337,295-182,422278,05918,474-44,45677,40231,4240-8000080
overdraft026,000000000000000
change in cash-121,833-18,705-182,422278,05918,474-44,45677,40231,4240-8000080

grosvenor carpets limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Grosvenor Carpets Limited Competitor Analysis

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grosvenor carpets limited Ownership

GROSVENOR CARPETS LIMITED group structure

Grosvenor Carpets Limited has no subsidiary companies.

Ultimate parent company

GROSVENOR CARPETS LIMITED

02718639

GROSVENOR CARPETS LIMITED Shareholders

joseph william etches 50%
alan james stewart pollock 50%

grosvenor carpets limited directors

Grosvenor Carpets Limited currently has 2 directors. The longest serving directors include Mr Alan Pollock (Jan 1994) and Mr Joseph Etches (Jan 2000).

officercountryagestartendrole
Mr Alan Pollock58 years Jan 1994- Director
Mr Joseph Etches53 years Jan 2000- Director

P&L

June 2023

turnover

2.1m

+29%

operating profit

-90.6k

0%

gross margin

43.6%

+2.83%

turnover

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

Balance Sheet

June 2023

net assets

106.4k

-0.47%

total assets

494.4k

-0.17%

cash

63.9k

-0.66%

net assets

Total assets minus all liabilities

grosvenor carpets limited company details

company number

02718639

Type

Private limited with Share Capital

industry

47530 - Retail sale of carpets, rugs, wall and floor coverings in specialised stores

incorporation date

May 1992

age

32

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

201 haverstock hill, london, NW3 4QG

last accounts submitted

June 2023

grosvenor carpets 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 2 charges/mortgages relating to grosvenor carpets limited. Currently there are 2 open charges and 0 have been satisfied in the past.

charges

grosvenor carpets limited Companies House Filings - See Documents

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