Veere Grenney Associates Limited

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veere grenney associates limited Company Information

Company Number

03254330

Next Accounts

Jun 2025

Directors

Veere Grenney

Natasha Greig

Shareholders

grenney limited

Group Structure

View All

Industry

Specialised design activities

Registered Address

1b hollywood road, london, london, SW10 9HS

Website

www.veeregrenney.com

veere grenney associates limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of VEERE GRENNEY ASSOCIATES LIMITED at £1.8m based on Net Assets of £891.6k and 2.02x industry multiple (adjusted for liquidity).

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Veere Grenney Associates Limited is a live company located in london, SW10 9HS with a Companies House number of 03254330. It operates in the specialised design activities sector, SIC Code 74100. Founded in September 1996, it's largest shareholder is grenney limited with a 100% stake. Veere Grenney Associates Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with rapid growth in recent years.

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Pomanda's financial health check has awarded Veere Grenney Associates Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £1.1m, make it larger than the average company (£183.6k)

Growth

3 year (CAGR) sales growth of 46%, show it is growing at a faster rate (8%)

EXPORT

Veere Grenney Associates Limited's latest turnover from September 2023 is estimated at £1.1 million and the company has net assets of £891.6 thousand. According to their latest financial statements, Veere Grenney Associates Limited has 12 employees and maintains cash reserves of £2.4 million 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	1,054,730	1,291,623	918,644	339,487	2,373,292	1,878,306	526,125	2,525,928	22,593,925	15,899,742	15,926,107	1,968,577	2,102,027	494,937
Other Income Or Grants
Cost Of Sales	539,615	596,478	435,128	159,337	1,102,977	850,331	213,919	1,019,881	9,800,225	5,804,236	5,588,148	830,179	925,577	199,214
Gross Profit	515,114	695,145	483,516	180,150	1,270,316	1,027,975	312,206	1,506,047	12,793,700	10,095,507	10,337,959	1,138,398	1,176,450	295,722
Admin Expenses	688,741	596,883	214,993	-304,572	3,431,494	576,688	91,073	1,260,499	12,600,297	9,902,618	10,099,475	909,357	782,259	537,649	-1,330,184
Operating Profit	-173,627	98,262	268,523	484,722	-2,161,178	451,287	221,133	245,548	193,403	192,889	238,484	229,041	394,191	-241,927	1,330,184
Interest Payable	255	187	7,625	7,625
Interest Receivable	93,667	23,920	1,172	1,478	9,233	5,160	1,802	1,176	98	39	482	2,308	1,882	805	755
Pre-Tax Profit	-80,215	121,995	262,070	478,575	-2,151,945	456,447	222,935	246,724	193,501	192,928	238,966	231,349	396,073	-241,122	1,330,939
Tax		-23,179	-49,793	-90,929		-86,725	-42,358	-49,345	-38,700	-40,515	-54,962	-55,524	-102,979		-372,663
Profit After Tax	-80,215	98,816	212,277	387,646	-2,151,945	369,722	180,577	197,379	154,801	152,413	184,004	175,825	293,094	-241,122	958,276
Dividends Paid
Retained Profit	-80,215	98,816	212,277	387,646	-2,151,945	369,722	180,577	197,379	154,801	152,413	184,004	175,825	293,094	-241,122	958,276
Employee Costs	361,926	486,372	383,462	320,252	429,966	508,412	457,210	1,033,290	7,914,023	5,516,534	5,285,828	664,259	681,139	175,124
Number Of Employees	12	15	12	12	12	12	12	26	189	132	143	18	21	6
EBITDA*	-160,322	104,159	274,999	492,826	-2,151,327	462,786	237,512	261,570	214,480	217,504	271,195	264,588	436,338	-199,992	1,384,455

* 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	5,031	19,236	19,754	24,758	31,184	34,491	44,818	48,067	63,229	74,402	98,134	106,642	127,156	649,513	716,545
Intangible Assets
Investments & Other						70,583	70,583	70,583	70,583	243,220	390,583	330,583	140,583	30,583	30,583
Debtors (Due After 1 year)
Total Fixed Assets	5,031	19,236	19,754	24,758	31,184	105,074	115,401	118,650	133,812	317,622	488,717	437,225	267,739	680,096	747,128
Stock & work in progress	138,396	724,074	251,510	150,710	218,644	209,806	222,081	195,734	333,603	273,881	410,525	2,264,478	351,337	323,024	296,649
Trade Debtors		174,681	174,477	9,574	259,308	137,877	20,167	353,929	3,803,321	2,729,374	2,719,698	52,078	286,902	27,692	519,302
Group Debtors		1,006,560	656,000	454,219		2,768,599	2,777,313	2,769,397
Misc Debtors	68,738	63,333				31,257	2,842	45,619						149,827
Cash	2,442,452	1,125,809	1,000,426	1,344,315	1,612,664	849,413	526,649	914,637	25,772	13,486	2,097	190,731	732,500	20,120	301,812
misc current assets
total current assets	2,649,586	3,094,457	2,082,413	1,958,818	2,090,616	3,996,952	3,549,052	4,279,316	4,162,696	3,016,741	3,132,320	2,507,287	1,370,739	520,663	1,117,763
total assets	2,654,617	3,113,693	2,102,167	1,983,576	2,121,800	4,102,026	3,664,453	4,397,966	4,296,508	3,334,363	3,621,037	2,944,512	1,638,478	1,200,759	1,864,891
Bank overdraft		4,534
Bank loan				250,000
Trade Creditors	199,713	552,255	282,334	28,697	1,845,644	1,620,315	255,954	661,908	2,609,501	1,799,939	2,243,920	1,751,399	621,190	457,988	869,511
Group/Directors Accounts	47,472	47,472	47,472	51,555		53,444
other short term finances
hp & lease commitments
other current liabilities	1,515,784	1,535,841	898,608	990,292			1,350,235	1,854,332
total current liabilities	1,762,969	2,140,102	1,228,414	1,320,544	1,845,644	1,673,759	1,606,189	2,516,240	2,609,501	1,799,939	2,243,920	1,751,399	621,190	457,988	869,511
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities														18,577	30,064
provisions		1,728	706	2,262	3,032	3,198	2,917	6,956	9,616	11,834	6,940	6,940	6,940	6,940	6,940
total long term liabilities		1,728	706	2,262	3,032	3,198	2,917	6,956	9,616	11,834	6,940	6,940	6,940	25,517	37,004
total liabilities	1,762,969	2,141,830	1,229,120	1,322,806	1,848,676	1,676,957	1,609,106	2,523,196	2,619,117	1,811,773	2,250,860	1,758,339	628,130	483,505	906,515
net assets	891,648	971,863	873,047	660,770	273,124	2,425,069	2,055,347	1,874,770	1,677,391	1,522,590	1,370,177	1,186,173	1,010,348	717,254	958,376
total shareholders funds	891,648	971,863	873,047	660,770	273,124	2,425,069	2,055,347	1,874,770	1,677,391	1,522,590	1,370,177	1,186,173	1,010,348	717,254	958,376

	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	-173,627	98,262	268,523	484,722	-2,161,178	451,287	221,133	245,548	193,403	192,889	238,484	229,041	394,191	-241,927	1,330,184
Depreciation	13,305	5,897	6,476	8,104	9,851	11,499	16,379	16,022	21,077	24,615	32,711	35,547	42,147	41,935	54,271
Amortisation
Tax		-23,179	-49,793	-90,929		-86,725	-42,358	-49,345	-38,700	-40,515	-54,962	-55,524	-102,979		-372,663
Stock	-585,678	472,564	100,800	-67,934	8,838	-12,275	26,347	-137,869	59,722	-136,644	-1,853,953	1,913,141	28,313	26,375	296,649
Debtors	-1,175,836	414,097	366,684	204,485	-2,678,425	137,411	-368,623	-634,376	1,073,947	9,676	2,667,620	-234,824	109,383	-341,783	519,302
Creditors	-352,542	269,921	253,637	-1,816,947	225,329	1,364,361	-405,954	-1,947,593	809,562	-443,981	492,521	1,130,209	163,202	-411,523	869,511
Accruals and Deferred Income	-20,057	637,233	-91,684	990,292		-1,350,235	-504,097	1,854,332
Deferred Taxes & Provisions	-1,728	1,022	-1,556	-770	-166	281	-4,039	-2,660	-2,218	4,894					6,940
Cash flow from operations	1,226,865	102,495	-81,881	-562,079	743,423	265,332	-376,660	888,549	-150,545	-135,130	-104,913	-339,044	358,865	-296,107	1,072,292
Investing Activities
capital expenditure	900	-5,379	-1,472	-1,678	-6,544	-1,172	-13,130	-860	-9,904	-883	-24,203	-15,033	480,210	25,097	-770,816
Change in Investments					-70,583				-172,637	-147,363	60,000	190,000	110,000		30,583
cash flow from investments	900	-5,379	-1,472	-1,678	64,039	-1,172	-13,130	-860	162,733	146,480	-84,203	-205,033	370,210	25,097	-801,399
Financing Activities
Bank loans			-250,000	250,000
Group/Directors Accounts			-4,083	51,555	-53,444	53,444
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities													-18,577	-11,487	30,064
share issue															100
interest	93,412	23,733	-6,453	-6,147	9,233	5,160	1,802	1,176	98	39	482	2,308	1,882	805	755
cash flow from financing	93,412	23,733	-260,536	295,408	-44,211	58,604	1,802	1,176	98	39	482	2,308	-16,695	-10,682	30,919
cash and cash equivalents
cash	1,316,643	125,383	-343,889	-268,349	763,251	322,764	-387,988	888,865	12,286	11,389	-188,634	-541,769	712,380	-281,692	301,812
overdraft	-4,534	4,534
change in cash	1,321,177	120,849	-343,889	-268,349	763,251	322,764	-387,988	888,865	12,286	11,389	-188,634	-541,769	712,380	-281,692	301,812

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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VEERE GRENNEY ASSOCIATES LIMITED group structure

Veere Grenney Associates Limited has no subsidiary companies.

Ultimate parent company

GRENNEY LIMITED

12088959

1 parent

VEERE GRENNEY ASSOCIATES LIMITED

03254330

VEERE GRENNEY ASSOCIATES LIMITED Shareholders

grenney limited

100%

Veere Grenney Associates Limited currently has 2 directors. The longest serving directors include Mr Veere Grenney (Oct 1996) and Mrs Natasha Greig (Jun 2008).

officer	country	age	start	end	role
Mr Veere Grenney		75 years	Oct 1996	-	Director
Mrs Natasha Greig		50 years	Jun 2008	-	Director

P&L

September 2023

turnover

1.1m

-18%

operating profit

-173.6k

gross margin

48.9%

-9.25%

turnover

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

Balance Sheet

September 2023

net assets

891.6k

-0.08%

total assets

2.7m

-0.15%

cash

2.4m

+1.17%

net assets

Total assets minus all liabilities

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company number

03254330

Type

Private limited with Share Capital

industry

74100 - Specialised design activities

incorporation date

September 1996

ultimate parent company

GRENNEY LIMITED

previous names

maxiglow limited (November 1996)

address

1b hollywood road, london, london, SW10 9HS

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 veere grenney associates limited. Currently there are 2 open charges and 0 have been satisfied in the past.

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veere grenney associates limited Company Information

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veere grenney associates limited Estimated Valuation

veere grenney associates limited Estimated Valuation

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