Grm Development Solutions Limited

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grm development solutions limited Company Information

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Company Number

03099018

Website

www.grm-uk.com

Registered Address

laurus house first avenue, centrum 100, burton upon trent, staffordshire, DE14 2WH

Industry

Engineering related scientific and technical consulting activities

Telephone

01283551249

Next Accounts Due

January 2026

Group Structure

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Directors

Richard Upton8 Years

Geoff Beckett8 Years

Shareholders

william stevenson peacock 80%

richard upton 9.6%

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grm development solutions limited Estimated Valuation

£7m

Pomanda estimates the enterprise value of GRM DEVELOPMENT SOLUTIONS LIMITED at £7m based on Net Assets of £2.6m and 2.71x industry multiple (adjusted for liquidity).

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Grm Development Solutions Limited is a live company located in burton upon trent, DE14 2WH with a Companies House number of 03099018. It operates in the engineering related scientific and technical consulting activities sector, SIC Code 71122. Founded in September 1995, it's largest shareholder is william stevenson peacock with a 80% stake. Grm Development Solutions Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with healthy growth in recent years.

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Pomanda's financial health check has awarded Grm Development Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £3.8m, make it larger than the average company (£373.4k)

Growth

3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (10.1%)

EXPORT

Grm Development Solutions Limited's latest turnover from April 2024 is estimated at £3.8 million and the company has net assets of £2.6 million. According to their latest financial statements, Grm Development Solutions Limited has 51 employees and maintains cash reserves of £592.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	3,760,885	3,540,156	3,186,796	3,293,428	3,793,138	4,583,841	3,669,812	2,856,417	3,011,425	3,390,879	3,960,846	2,652,863	3,443,996	2,213,598	2,497,996
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,352,176	2,203,302	1,910,623	1,912,731	2,258,537	2,676,433	1,958,158	1,606,225	1,663,904	1,919,925	1,955,383	1,298,465	1,825,621	965,861	1,099,356
Gross Profit	1,408,708	1,336,853	1,276,173	1,380,697	1,534,601	1,907,408	1,711,654	1,250,191	1,347,521	1,470,954	2,005,464	1,354,397	1,618,375	1,247,737	1,398,640
Admin Expenses	1,326,184	1,030,941	818,878	837,428	1,446,592	2,346,327	1,453,879	745,754	976,849	1,170,876	1,666,208	1,000,944	1,278,403	1,036,072	1,577,941
Operating Profit	82,524	305,912	457,295	543,269	88,009	-438,919	257,775	504,437	370,672	300,078	339,256	353,453	339,972	211,665	-179,301
Interest Payable	15,036	28,916	42,394	45,325	35,841	42,426	43,695	44,738	49,243	57,355	73,408	89,328	96,860	97,638	48,772
Interest Receivable	41,172	36,075	6,692	829	483	2,911	1,252	311	197	89	83	1	1	2	2
Pre-Tax Profit	108,660	313,071	421,594	498,773	52,651	-478,434	215,332	460,010	321,625	242,813	265,930	264,126	243,113	114,030	-228,072
Tax	-27,165	-78,268	-80,103	-94,767	-10,004	0	-40,913	-87,402	-64,325	-48,562	-55,845	-60,749	-58,347	-29,648	0
Profit After Tax	81,495	234,803	341,491	404,006	42,647	-478,434	174,419	372,608	257,300	194,250	210,085	203,377	184,766	84,382	-228,072
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	81,495	234,803	341,491	404,006	42,647	-478,434	174,419	372,608	257,300	194,250	210,085	203,377	184,766	84,382	-228,072
Employee Costs	2,102,876	2,421,606	2,561,196	2,400,471	2,811,353	2,883,015	2,856,811	1,421,936	1,525,138	1,536,648	1,729,746	1,280,313	1,649,222	1,123,458	1,265,645
Number Of Employees	51	49	50	51	60	59	59	29	31	32	37	28	37	25	29
EBITDA*	87,040	393,197	548,774	635,987	199,159	-310,248	356,179	607,373	453,663	366,977	390,988	397,222	378,826	258,412	-125,313

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	1,799,370	1,758,642	1,820,016	1,835,044	1,928,164	2,030,709	2,128,056	1,416,894	1,408,111	1,387,478	1,489,540	1,451,190	1,426,076	1,464,930	1,506,504
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	1,799,370	1,758,642	1,820,016	1,835,044	1,928,164	2,030,709	2,128,056	1,416,894	1,408,111	1,387,478	1,489,540	1,451,190	1,426,076	1,464,930	1,506,504
Stock & work in progress	90,776	63,962	84,475	68,350	33,759	52,902	53,139	80,165	57,219	48,806	47,150	41,107	86,000	51,000	45,424
Trade Debtors	812,200	701,616	739,015	744,542	677,381	994,641	819,925	744,552	708,757	666,513	734,399	556,119	640,942	382,977	367,613
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	5,895
Misc Debtors	54,773	42,731	53,899	40,904	16,135	0	22,813	124,115	33,295	0	0	0	0	0	24,492
Cash	592,468	1,054,408	643,223	1,141,442	516,560	448,949	327,334	173,292	75,723	2,911	32,866	246	118	126	690
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,550,217	1,862,717	1,520,612	1,995,238	1,243,835	1,496,492	1,223,211	1,122,124	874,994	718,230	814,415	597,472	727,060	434,103	444,114
total assets	3,349,587	3,621,359	3,340,628	3,830,282	3,171,999	3,527,201	3,351,267	2,539,018	2,283,105	2,105,708	2,303,955	2,048,662	2,153,136	1,899,033	1,950,618
Bank overdraft	43,750	81,750	81,750	131,750	38,000	38,000	38,000	38,000	38,000	38,000	68,000	283,959	420,903	393,659	344,812
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	239,956	323,844	158,563	146,109	280,894	441,935	160,350	159,771	233,050	484,447	590,247	335,267	467,759	326,412	433,437
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	27,745	22,396	26,570	14,731	4,154	11,769	5,024
other current liabilities	291,362	405,417	406,039	579,504	439,290	502,379	379,648	302,280	305,962	0	0	0	0	0	0
total current liabilities	575,068	811,011	646,352	857,363	758,184	982,314	577,998	500,051	604,757	544,843	684,817	633,957	892,816	731,840	783,273
loans	3,646	144,234	256,472	786,143	530,183	568,923	612,139	656,308	699,307	739,868	918,904	987,844	1,055,838	1,109,894	1,155,875
hp & lease commitments	0	0	0	0	0	0	0	0	0	37,165	36,444	18,858	0	0	11,769
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	38,756	136,626	226,931	338,656	34,962	48,402	24,050	86,000	55,555	2,907	6,783	41,645	65,708
provisions	180,532	157,268	125,005	117,598	128,155	151,409	150,835	26,843	20,185	20,326	10,698	4,020	0	0	0
total long term liabilities	184,178	301,502	420,233	1,040,367	885,269	1,058,988	797,936	731,553	743,542	883,359	1,021,601	1,013,629	1,062,621	1,151,539	1,233,352
total liabilities	759,246	1,112,513	1,066,585	1,897,730	1,643,453	2,041,302	1,375,934	1,231,604	1,348,299	1,428,202	1,706,418	1,647,586	1,955,437	1,883,379	2,016,625
net assets	2,590,341	2,508,846	2,274,043	1,932,552	1,528,546	1,485,899	1,975,333	1,307,414	934,806	677,506	597,537	401,076	197,699	15,654	-66,007
total shareholders funds	2,590,341	2,508,846	2,274,043	1,932,552	1,528,546	1,485,899	1,975,333	1,307,414	934,806	677,506	597,537	401,076	197,699	15,654	-66,007

	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	82,524	305,912	457,295	543,269	88,009	-438,919	257,775	504,437	370,672	300,078	339,256	353,453	339,972	211,665	-179,301
Depreciation	4,516	87,285	91,479	92,718	111,150	128,671	98,404	102,936	82,991	66,899	51,732	43,769	38,854	46,747	53,988
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-27,165	-78,268	-80,103	-94,767	-10,004	0	-40,913	-87,402	-64,325	-48,562	-55,845	-60,749	-58,347	-29,648	0
Stock	26,814	-20,513	16,125	34,591	-19,143	-237	-27,026	22,946	8,413	1,656	6,043	-44,893	35,000	5,576	45,424
Debtors	122,626	-48,567	7,468	91,930	-301,125	151,903	-25,929	126,615	75,539	-67,886	178,280	-84,823	257,965	-15,023	398,000
Creditors	-83,888	165,281	12,454	-134,785	-161,041	281,585	579	-73,279	-251,397	-105,800	254,980	-132,492	141,347	-107,025	433,437
Accruals and Deferred Income	-114,055	-622	-173,465	140,214	-63,089	122,731	77,368	-3,682	305,962	0	0	0	0	0	0
Deferred Taxes & Provisions	23,264	32,263	7,407	-10,557	-23,254	574	123,992	6,658	-141	9,628	6,678	4,020	0	0	0
Cash flow from operations	-264,244	580,931	291,474	409,571	262,039	-57,024	570,160	300,107	359,810	288,473	412,478	337,717	168,861	131,186	-135,300
Investing Activities
capital expenditure	-45,244	-25,911	-76,451	402	-8,605	-31,324	-809,566	-111,719	-103,624	35,163	-90,082	-68,883	0	-5,173	-1,560,492
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-45,244	-25,911	-76,451	402	-8,605	-31,324	-809,566	-111,719	-103,624	35,163	-90,082	-68,883	0	-5,173	-1,560,492
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	-140,588	-112,238	-529,671	255,960	-38,740	-43,216	-44,169	-42,999	-40,561	-179,036	-68,940	-67,994	-54,056	-45,981	1,155,875
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-27,745	-31,816	-3,453	29,425	29,435	-7,615	-5,024	16,793
other long term liabilities	0	-38,756	-97,870	-90,305	-111,725	303,694	-13,440	24,352	-61,950	30,445	52,648	-3,876	-34,862	-24,063	65,708
share issue	0	0	0	0	0	-11,000	493,500	0	0	-114,281	-13,624	0	-2,721	-2,721	162,065
interest	26,136	7,159	-35,702	-44,496	-35,358	-39,515	-42,443	-44,427	-49,046	-57,266	-73,325	-89,327	-96,859	-97,636	-48,770
cash flow from financing	-114,452	-143,835	-663,243	121,159	-185,823	209,963	393,448	-90,819	-183,373	-323,591	-73,816	-131,762	-196,113	-175,425	1,351,671
cash and cash equivalents
cash	-461,940	411,185	-498,219	624,882	67,611	121,615	154,042	97,569	72,812	-29,955	32,620	128	-8	-564	690
overdraft	-38,000	0	-50,000	93,750	0	0	0	0	0	-30,000	-215,959	-136,944	27,244	48,847	344,812
change in cash	-423,940	411,185	-448,219	531,132	67,611	121,615	154,042	97,569	72,812	45	248,579	137,072	-27,252	-49,411	-344,122

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRM DEVELOPMENT SOLUTIONS LIMITED group structure

Grm Development Solutions Limited has no subsidiary companies.

Ultimate parent company

GRM DEVELOPMENT SOLUTIONS LIMITED

03099018

GRM DEVELOPMENT SOLUTIONS LIMITED Shareholders

william stevenson peacock	79.99%
richard upton	9.61%
geoffery william beckett	9.41%
paul wardle	0.78%
geoffrey william beckett	0.2%

Grm Development Solutions Limited currently has 2 directors. The longest serving directors include Mr Richard Upton (Oct 2016) and Mr Geoff Beckett (Oct 2016).

officer	country	age	start	end	role
Mr Richard Upton	United Kingdom	46 years	Oct 2016	-	Director
Mr Geoff Beckett		48 years	Oct 2016	-	Director

P&L

April 2024

turnover

3.8m

+6%

operating profit

82.5k

gross margin

37.5%

-0.81%

turnover

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

Balance Sheet

April 2024

net assets

2.6m

+0.03%

total assets

3.3m

-0.08%

cash

592.5k

-0.44%

net assets

Total assets minus all liabilities

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2.5

company number

03099018

Type

Private limited with Share Capital

industry

71122 - Engineering related scientific and technical consulting activities

incorporation date

September 1995

ultimate parent company

None

previous names

ground risk management limited (February 2007)

address

laurus house first avenue, centrum 100, burton upon trent, staffordshire, DE14 2WH

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 5 charges/mortgages relating to grm development solutions limited. Currently there are 0 open charges and 5 have been satisfied in the past.

grm development solutions limited Company Information

grm development solutions limited Estimated Valuation

grm development solutions limited Estimated Valuation

grm development solutions limited Estimated Valuation

Grm Development Solutions Limited Overview

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GRM DEVELOPMENT SOLUTIONS LIMITED financials

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