Grilseco Limited

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grilseco limited Company Information

Live

MatureSmallDeclining

Company Number

02815523

Website

Registered Address

bramingham busibess centre, enterprise way, luton, LU3 4BU

Industry

Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

Buying and selling of own real estate

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Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Sukhdeep Gill18 Years

Surinder Gill7 Years

Shareholders

mrs surinder kaur gill 100%

grilseco limited Estimated Valuation

£4.1m

Pomanda estimates the enterprise value of GRILSECO LIMITED at £4.1m based on Net Assets of £2.5m and 1.62x industry multiple (adjusted for liquidity).

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Grilseco Limited is a live company located in luton, LU3 4BU with a Companies House number of 02815523. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 1993, it's largest shareholder is mrs surinder kaur gill with a 100% stake. Grilseco Limited is a mature, small sized company, Pomanda has estimated its turnover at £803.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Grilseco Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

2 Regular

6 Weak

Size

annual sales of £803.1k, make it smaller than the average company (£1m)

Growth

3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (1.8%)

EXPORT

Grilseco Limited's latest turnover from December 2022 is estimated at £803.1 thousand and the company has net assets of £2.5 million. According to their latest financial statements, Grilseco Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	803,083	877,111	1,017,832	990,726	528,416	1,225,564	300,499	56,886	46,821	89,809	255,941	306,922	108,344	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	635,973	703,396	828,247	804,982	420,409	969,974	235,337	45,014	38,126	74,499	210,461	253,862	89,266	0
Gross Profit	167,111	173,715	189,586	185,744	108,007	255,590	65,163	11,872	8,695	15,310	45,480	53,060	19,078	0
Admin Expenses	174,884	119,326	39,334	156,966	174,495	231,026	-2,900,371	-224,702	-202,623	-207,800	-151,725	-46,612	2,197	-99,093
Operating Profit	-7,773	54,389	150,252	28,778	-66,488	24,564	2,965,534	236,574	211,318	223,110	197,205	99,672	16,881	99,093
Interest Payable	0	0	0	0	0	0	111,932	224,336	212,225	206,942	203,044	100,399	0	0
Interest Receivable	0	0	0	1,006	1,006	880	505	308	415	328	304	592	655	278
Pre-Tax Profit	-7,773	54,389	150,252	29,784	-65,482	25,443	2,854,108	12,545	-492	16,496	-5,535	-136	17,536	99,371
Tax	0	-10,334	-28,548	-5,659	0	-4,834	-570,821	-2,509	0	-3,794	0	0	-4,910	-27,824
Profit After Tax	-7,773	44,055	121,704	24,125	-65,482	20,609	2,283,286	10,036	-492	12,702	-5,535	-136	12,626	71,547
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,773	44,055	121,704	24,125	-65,482	20,609	2,283,286	10,036	-492	12,702	-5,535	-136	12,626	71,547
Employee Costs	38,422	36,503	35,253	37,220	35,126	132,004	33,702	33,910	32,067	31,208	30,814	30,894	31,025	0
Number Of Employees	1	1	1	1	1	4	1	1	1	1	1	1	1	0
EBITDA*	-7,773	54,389	150,252	28,778	-66,488	24,564	2,965,629	236,732	211,528	223,390	197,579	100,171	17,545	99,979

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	7,213,675	7,213,675	6,599,175	6,399,175	6,004,175	5,961,246	5,764,341	473	631	841	1,121	1,495	1,994	2,658
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	6,318,963	4,812,378	3,624,780	3,201,814	3,093,168	2,486,505	2,486,505
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	7,213,675	7,213,675	6,599,175	6,399,175	6,004,175	5,961,246	5,764,341	6,319,436	4,813,009	3,625,621	3,202,935	3,094,663	2,488,499	2,489,163
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	238,683	282,097	310,631	307,123	0	288,176	17,419	0	0	15,367	65,390	79,522	23,538	11,538
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	7,419	15,367	0	0	0	0	0
Cash	0	0	0	0	268,241	0	351,859	52,415	70,634	95,199	36,151	85,581	151,042	111,108
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	238,683	282,097	310,631	307,123	268,241	288,176	369,278	59,834	86,001	110,566	101,541	165,103	174,580	122,646
total assets	7,452,358	7,495,772	6,909,806	6,706,298	6,272,416	6,249,422	6,133,619	6,379,270	4,899,010	3,736,187	3,304,476	3,259,766	2,663,079	2,611,809
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	723,952	829,241	956,530	554,942	750,444	627,639	667,707	47,153	31,291	69,705	44,558	63,403	81,930	40,152
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	10,575	9,835	0	0	0	0	0
total current liabilities	723,952	829,241	956,530	554,942	750,444	627,639	667,707	57,728	41,126	69,705	44,558	63,403	81,930	40,152
loans	0	0	0	0	0	0	0	3,581,827	3,320,830	3,209,159	3,158,297	3,089,207	0	0
hp & lease commitments	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
other liabilities	3,859,640	3,789,992	3,120,792	3,440,576	2,859,068	2,874,706	2,739,442	0	0	0	0	0	2,130,857	2,133,991
provisions	347,494	347,494	347,494	347,494	323,741	342,434	342,434	342,434	123,613	0	0	0	0	0
total long term liabilities	4,207,134	4,137,486	3,468,286	3,788,070	3,182,809	3,217,140	3,081,876	3,924,261	3,444,443	3,209,159	3,158,297	3,089,207	2,130,857	2,133,991
total liabilities	4,931,086	4,966,727	4,424,816	4,343,012	3,933,253	3,844,779	3,749,583	3,981,989	3,485,569	3,278,864	3,202,855	3,152,610	2,212,787	2,174,143
net assets	2,521,272	2,529,045	2,484,990	2,363,286	2,339,163	2,404,643	2,384,036	2,397,281	1,413,441	457,323	101,621	107,156	450,292	437,666
total shareholders funds	2,521,272	2,529,045	2,484,990	2,363,286	2,339,163	2,404,643	2,384,036	2,397,281	1,413,441	457,323	101,621	107,156	450,292	437,666

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-7,773	54,389	150,252	28,778	-66,488	24,564	2,965,534	236,574	211,318	223,110	197,205	99,672	16,881	99,093
Depreciation	0	0	0	0	0	0	95	158	210	280	374	499	664	886
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-10,334	-28,548	-5,659	0	-4,834	-570,821	-2,509	0	-3,794	0	0	-4,910	-27,824
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-43,414	-28,534	3,508	307,123	-288,176	270,757	10,000	-7,948	0	-50,023	-14,132	55,984	12,000	11,538
Creditors	-105,289	-127,289	401,588	-195,502	122,805	-40,068	620,554	15,862	-38,414	25,147	-18,845	-18,527	41,778	40,152
Accruals and Deferred Income	0	0	0	0	0	0	-10,575	740	9,835	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	23,753	-18,693	0	0	218,821	123,613	0	0	0	0	0
Cash flow from operations	-69,648	-54,700	519,784	-455,753	325,800	-291,095	2,994,787	477,594	306,562	294,766	192,866	25,660	42,413	100,769
Investing Activities
capital expenditure	0	-614,500	-200,000	-395,000	-42,929	-196,905	-5,763,963	0	0	0	0	0	0	-3,544
Change in Investments	0	0	0	0	0	0	-6,318,963	1,506,585	1,187,598	422,966	108,646	606,663	0	2,486,505
cash flow from investments	0	-614,500	-200,000	-395,000	-42,929	-196,905	555,000	-1,506,585	-1,187,598	-422,966	-108,646	-606,663	0	-2,490,049
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	-3,581,827	260,997	111,671	50,862	69,090	3,089,207	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	69,648	669,200	-319,784	581,508	-15,638	135,264	2,739,442	0	0	0	0	-2,130,857	-3,134	2,133,991
share issue	0	0	0	-2	2	-2	-2,296,531	973,804	956,610	343,000	0	-343,000	0	366,119
interest	0	0	0	1,006	1,006	880	-111,427	-224,028	-211,810	-206,614	-202,740	-99,807	655	278
cash flow from financing	69,648	669,200	-319,784	582,512	-14,630	136,142	-3,250,343	1,010,773	856,471	187,248	-133,650	515,543	-2,479	2,500,388
cash and cash equivalents
cash	0	0	0	-268,241	268,241	-351,859	299,444	-18,219	-24,565	59,048	-49,430	-65,461	39,934	111,108
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	-268,241	268,241	-351,859	299,444	-18,219	-24,565	59,048	-49,430	-65,461	39,934	111,108

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRILSECO LIMITED group structure

Grilseco Limited has no subsidiary companies.

Ultimate parent company

GRILSECO LIMITED

02815523

GRILSECO LIMITED Shareholders

mrs surinder kaur gill

100%

Grilseco Limited currently has 2 directors. The longest serving directors include Mr Sukhdeep Gill (Oct 2005) and Mrs Surinder Gill (Feb 2017).

officer	country	age	start	end	role
Mr Sukhdeep Gill	England	53 years	Oct 2005	-	Director
Mrs Surinder Gill	England	75 years	Feb 2017	-	Director

P&L

December 2022

turnover

803.1k

-8%

operating profit

-7.8k

gross margin

20.9%

+5.07%

turnover

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

Balance Sheet

December 2022

net assets

2.5m

total assets

7.5m

-0.01%

cash

net assets

Total assets minus all liabilities

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company number

02815523

Type

Private limited with Share Capital

industry

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

68209 - Letting and operating of own or leased real estate (other than Housing Association real estate and conference and exhibition services) n.e.c.

68100 - Buying and selling of own real estate

incorporation date

May 1993

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

bramingham busibess centre, enterprise way, luton, LU3 4BU

last accounts submitted

December 2022

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 80 charges/mortgages relating to grilseco limited. Currently there are 50 open charges and 30 have been satisfied in the past.

grilseco limited Company Information

grilseco limited Estimated Valuation

grilseco limited Estimated Valuation

grilseco limited Estimated Valuation

Grilseco Limited Overview

Grilseco Limited Health Check

GRILSECO LIMITED financials

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grilseco limited Ownership

grilseco limited directors

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