Nine Grounds Limited

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nine grounds limited Company Information

Live

MatureSmallLow

Company Number

03117267

Website

http://alchemy-cleaning.co.uk

Registered Address

the cottage stockwood vale, keynsham, bristol, BS31 2AL

Industry

General cleaning of buildings

Telephone

01179869696

Next Accounts Due

July 2025

Group Structure

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Directors

David Jones29 Years

Shareholders

david franklin jones 43%

mrs tracy anne jones 43%

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nine grounds limited Estimated Valuation

£507.2k

Pomanda estimates the enterprise value of NINE GROUNDS LIMITED at £507.2k based on Net Assets of £204.2k and 2.48x industry multiple (adjusted for liquidity).

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Nine Grounds Limited is a live company located in bristol, BS31 2AL with a Companies House number of 03117267. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in October 1995, it's largest shareholder is david franklin jones with a 43% stake. Nine Grounds Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.5m with low growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £1.5m, make it larger than the average company (£127.4k)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (7.1%)

EXPORT

Nine Grounds Limited's latest turnover from October 2023 is estimated at £1.5 million and the company has net assets of £204.2 thousand. According to their latest financial statements, Nine Grounds Limited has 86 employees and maintains cash reserves of £121.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	1,488,738	1,156,374	1,375,106	1,344,828	1,231,220	1,082,859	1,286,250	1,420,568	3,098,173	2,291,185	1,831,852	1,846,547	1,884,124	1,731,050	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,136,892	888,586	1,068,573	1,028,306	932,287	809,532	969,977	1,048,455	2,226,138	1,660,479	1,321,077	1,311,702	1,308,999	1,221,206	0
Gross Profit	351,847	267,788	306,533	316,522	298,933	273,327	316,273	372,113	872,035	630,706	510,774	534,845	575,125	509,844	0
Admin Expenses	348,912	255,930	244,274	230,524	303,004	304,936	309,025	362,468	862,915	615,113	549,466	531,949	593,485	506,399	-147,307
Operating Profit	2,935	11,858	62,259	85,998	-4,071	-31,609	7,248	9,645	9,120	15,593	-38,692	2,896	-18,360	3,445	147,307
Interest Payable	0	0	0	1,306	1,872	427	184	184	0	0	0	0	0	0	0
Interest Receivable	6,693	2,455	53	19	29	54	18	8	15	12	41	39	7	10	7
Pre-Tax Profit	9,628	14,312	62,312	84,711	-5,914	-31,982	7,081	9,469	9,135	15,605	-38,651	2,936	-18,353	3,456	147,314
Tax	-2,407	-2,719	-11,839	-16,095	0	0	-1,345	-1,894	-1,827	-3,277	0	-705	0	-968	-41,248
Profit After Tax	7,221	11,593	50,473	68,616	-5,914	-31,982	5,736	7,575	7,308	12,328	-38,651	2,231	-18,353	2,488	106,066
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	7,221	11,593	50,473	68,616	-5,914	-31,982	5,736	7,575	7,308	12,328	-38,651	2,231	-18,353	2,488	106,066
Employee Costs	1,108,698	1,015,000	978,768	881,094	770,143	651,020	584,293	539,506	2,138,835	1,605,548	1,240,745	1,308,571	1,402,116	1,194,917	0
Number Of Employees	86	87	82	76	70	55	59	61	232	183	138	144	159	141	0
EBITDA*	30,109	35,803	78,805	109,458	20,721	-3,230	31,583	34,150	25,767	25,593	-30,971	6,151	-13,852	10,836	161,420

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	36,407	45,458	41,780	24,639	33,907	54,203	80,419	55,284	49,303	45,476	30,809	12,170	11,077	14,265	19,449
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	36,407	45,458	41,780	24,639	33,907	54,203	80,419	55,284	49,303	45,476	30,809	12,170	11,077	14,265	19,449
Stock & work in progress	0	3,543	3,543	3,543	5,655	5,820	5,875	5,820	5,653	6,005	6,513	6,985	6,950	6,879	6,679
Trade Debtors	206,999	150,927	219,361	194,059	172,192	155,330	188,708	258,797	307,048	214,652	214,444	220,001	237,353	243,138	209,827
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,089	22,494	23,523	29,430	41,587	35,771	34,656	4,192	4,192	4,192	0	3,859	3,252	3,252	3,252
Cash	121,473	146,251	71,927	34,330	3,981	3,621	10,794	3,298	3,088	2,850	1,947	14,318	1,401	1,351	2,829
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	334,561	323,215	318,354	261,362	223,415	200,542	240,033	272,107	319,981	227,699	222,904	245,163	248,956	254,620	222,587
total assets	370,968	368,673	360,134	286,001	257,322	254,745	320,452	327,391	369,284	273,175	253,713	257,333	260,033	268,885	242,036
Bank overdraft	0	0	0	0	42,807	12,653	0	5,885	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	21,557	27,858	39,051	48,742	53,883	57,242	67,621	62,789	265,894	176,261	134,825	147,461	152,392	142,891	118,530
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	35,808	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	12,380	9,838	7,404	4,540	7,810	9,862	19,640	17,634	0	0	0	0	0	0	0
other current liabilities	104,686	103,931	101,898	90,707	84,471	92,913	109,272	130,649	0	0	0	0	0	0	0
total current liabilities	138,623	141,627	148,353	143,989	188,971	172,670	196,533	216,957	265,894	176,261	170,633	147,461	152,392	142,891	118,530
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	22,344	22,616	18,531	3,281	2,079	9,889	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	19,751	12,002	12,533	13,365	11,859	0	0	0	0
provisions	5,826	7,476	7,889	3,843	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	28,170	30,092	26,420	7,124	2,079	9,889	19,751	12,002	12,533	13,365	11,859	0	0	0	0
total liabilities	166,793	171,719	174,773	151,113	191,050	182,559	216,284	228,959	278,427	189,626	182,492	147,461	152,392	142,891	118,530
net assets	204,175	196,954	185,361	134,888	66,272	72,186	104,168	98,432	90,857	83,549	71,221	109,872	107,641	125,994	123,506
total shareholders funds	204,175	196,954	185,361	134,888	66,272	72,186	104,168	98,432	90,857	83,549	71,221	109,872	107,641	125,994	123,506

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	2,935	11,858	62,259	85,998	-4,071	-31,609	7,248	9,645	9,120	15,593	-38,692	2,896	-18,360	3,445	147,307
Depreciation	27,174	23,945	16,546	23,460	24,792	28,379	24,335	24,505	16,647	10,000	7,721	3,255	4,508	7,391	14,113
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,407	-2,719	-11,839	-16,095	0	0	-1,345	-1,894	-1,827	-3,277	0	-705	0	-968	-41,248
Stock	-3,543	0	0	-2,112	-165	-55	55	167	-352	-508	-472	35	71	200	6,679
Debtors	39,667	-69,463	19,395	9,710	22,678	-32,263	-39,625	-48,251	92,396	4,400	-9,416	-16,745	-5,785	33,311	213,079
Creditors	-6,301	-11,193	-9,691	-5,141	-3,359	-10,379	4,832	-203,105	89,633	41,436	-12,636	-4,931	9,501	24,361	118,530
Accruals and Deferred Income	755	2,033	11,191	6,236	-8,442	-16,359	-21,377	130,649	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-1,650	-413	4,046	3,843	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-15,618	92,974	53,117	90,703	-13,593	2,350	53,263	7,884	21,529	59,860	-33,719	17,225	1,363	718	18,944
Investing Activities
capital expenditure	-18,123	-27,623	-33,687	-14,192	-4,496	-2,163	-49,470	-30,486	-20,474	-24,667	-26,360	-4,348	-1,320	-2,207	-33,562
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-18,123	-27,623	-33,687	-14,192	-4,496	-2,163	-49,470	-30,486	-20,474	-24,667	-26,360	-4,348	-1,320	-2,207	-33,562
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	-35,808	35,808	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	2,270	6,519	18,114	-2,068	-9,862	111	2,006	17,634	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-19,751	7,749	-531	-832	1,506	11,859	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	17,440
interest	6,693	2,455	53	-1,287	-1,843	-373	-166	-176	15	12	41	39	7	10	7
cash flow from financing	8,963	8,974	18,167	-3,355	-11,705	-20,013	9,589	16,927	-817	-34,290	47,708	39	7	10	17,447
cash and cash equivalents
cash	-24,778	74,324	37,597	30,349	360	-7,173	7,496	210	238	903	-12,371	12,917	50	-1,478	2,829
overdraft	0	0	0	-42,807	30,154	12,653	-5,885	5,885	0	0	0	0	0	0	0
change in cash	-24,778	74,324	37,597	73,156	-29,794	-19,826	13,381	-5,675	238	903	-12,371	12,917	50	-1,478	2,829

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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NINE GROUNDS LIMITED group structure

Nine Grounds Limited has no subsidiary companies.

Ultimate parent company

NINE GROUNDS LIMITED

03117267

NINE GROUNDS LIMITED Shareholders

david franklin jones	43%
mrs tracy anne jones	43%
mrs valarie anita jones	5.33%
stephen charles jones	5%
paul anthony anning	3%
mrs rita dauncey	0.33%
mr steven ferris	0.13%
mr nicholas ferris	0.13%
mr nigel ferris	0.1%

Nine Grounds Limited currently has 1 director, Mr David Jones serving since Oct 1995.

officer	country	age	start	end	role
Mr David Jones	England	63 years	Oct 1995	-	Director

P&L

October 2023

turnover

1.5m

+29%

operating profit

2.9k

gross margin

23.7%

+2.06%

turnover

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

Balance Sheet

October 2023

net assets

204.2k

+0.04%

total assets

371k

+0.01%

cash

121.5k

-0.17%

net assets

Total assets minus all liabilities

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company number

03117267

Type

Private limited with Share Capital

industry

81210 - General cleaning of buildings

incorporation date

October 1995

ultimate parent company

None

previous names

N/A

address

the cottage stockwood vale, keynsham, bristol, BS31 2AL

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 nine grounds limited. Currently there are 2 open charges and 0 have been satisfied in the past.

nine grounds limited Company Information

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