Griffin Freight Services (retford) Limited

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griffin freight services (retford) limited Company Information

Live

MatureSmallDeclining

Company Number

03454732

Website

www.griffinfreightservices.co.uk

Registered Address

unit 12, hallcroft industrial estate, retford, nottinghamshire, DN22 7SS

Industry

Freight transport by road

Telephone

01777705767

Next Accounts Due

December 2024

Group Structure

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Directors

Richard Burton26 Years

Michael Griffin26 Years

Shareholders

sallie jean griffin 25%

robert michael griffin 25%

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griffin freight services (retford) limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of GRIFFIN FREIGHT SERVICES (RETFORD) LIMITED at £2.1m based on an EBITDA of £604.1k and a 3.44x industry multiple (adjusted for size and gross margin).

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Griffin Freight Services (retford) Limited is a live company located in retford, DN22 7SS with a Companies House number of 03454732. It operates in the freight transport by road sector, SIC Code 49410. Founded in October 1997, it's largest shareholder is sallie jean griffin with a 25% stake. Griffin Freight Services (retford) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Griffin Freight Services (Retford) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

5 Weak

Size

annual sales of £4.4m, make it smaller than the average company (£10.1m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.6%)

EXPORT

Griffin Freight Services (Retford) Limited's latest turnover from March 2023 is estimated at £4.4 million and the company has net assets of £688.9 thousand. According to their latest financial statements, Griffin Freight Services (Retford) Limited has 37 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	4,438,372	3,736,527	3,438,941	5,901,787	6,909,569	6,414,787	8,572,511	8,924,783	7,712,958	8,091,442	7,576,919	3,862,201	4,148,001	4,372,369
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,484,154	2,944,448	2,748,119	4,733,610	5,573,080	5,126,728	6,787,213	7,129,460	6,234,383	6,578,393	6,173,058	3,130,548	3,312,396	3,454,693
Gross Profit	954,218	792,079	690,821	1,168,177	1,336,490	1,288,059	1,785,298	1,795,322	1,478,575	1,513,049	1,403,860	731,654	835,604	917,676
Admin Expenses	754,857	1,050,123	925,906	1,318,356	1,122,706	1,209,280	1,816,305	1,669,103	1,189,780	1,239,553	1,418,278	817,733	689,623	78,017
Operating Profit	199,361	-258,044	-235,085	-150,179	213,784	78,779	-31,007	126,219	288,795	273,496	-14,418	-86,079	145,981	839,659
Interest Payable	52,413	36,917	32,070	32,848	34,168	16,210	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	1	1	1	0	0	264	265	251	250
Pre-Tax Profit	146,948	-294,961	-267,155	-183,027	179,616	62,570	-31,006	126,220	288,795	273,496	-14,154	-85,814	146,232	839,910
Tax	-27,920	0	0	0	-34,127	-11,888	0	-25,244	-60,647	-62,904	0	0	-40,945	-235,175
Profit After Tax	119,028	-294,961	-267,155	-183,027	145,489	50,682	-31,006	100,976	228,148	210,592	-14,154	-85,814	105,287	604,735
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	119,028	-294,961	-267,155	-183,027	145,489	50,682	-31,006	100,976	228,148	210,592	-14,154	-85,814	105,287	604,735
Employee Costs	1,450,705	1,219,697	1,033,850	2,426,486	2,555,612	2,393,099	1,888,089	2,426,626	2,037,819	2,116,929	2,017,406	1,013,196	1,132,869	1,215,885
Number Of Employees	37	33	30	71	76	74	59	77	67	71	68	35	40	43
EBITDA*	604,065	140,205	284,155	453,682	687,415	597,500	-31,007	489,460	689,054	627,872	283,001	103,199	349,874	1,083,038

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	1,438,683	1,336,238	1,547,276	2,072,583	1,813,901	1,584,603	1,799,700	1,445,746	1,302,323	1,512,177	1,195,044	881,631	784,754	860,650
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	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
Total Fixed Assets	1,438,683	1,336,238	1,547,276	2,072,583	1,813,901	1,584,603	1,799,700	1,445,746	1,302,323	1,512,177	1,195,044	881,631	784,754	860,650
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	3,925	3,210
Trade Debtors	647,805	782,288	675,261	1,055,689	1,332,417	1,246,586	1,142,957	1,176,173	1,046,231	972,876	949,566	500,378	708,333	591,285
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	298,345	180,247	369,297	224,577	49,792	32,345	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	500	500	0	93	0	105,592	274	100,167
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	946,150	962,535	1,044,558	1,280,266	1,382,209	1,278,931	1,143,457	1,176,673	1,046,231	972,969	949,566	605,970	712,532	694,662
total assets	2,384,833	2,298,773	2,591,834	3,352,849	3,196,110	2,863,534	2,943,157	2,622,419	2,348,554	2,485,146	2,144,610	1,487,601	1,497,286	1,555,312
Bank overdraft	394,460	573,231	448,107	563,367	513,620	498,768	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	462,709	239,317	254,795	254,627	384,746	340,446	1,470,658	1,330,391	1,185,658	1,389,293	1,223,519	659,480	670,942	806,259
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	260,319	305,702	407,092	390,580	398,979	383,877	0	0	0	0	0	0	0	0
other current liabilities	372,599	381,191	229,373	281,429	198,656	286,269	0	0	0	0	0	0	0	0
total current liabilities	1,490,087	1,499,441	1,339,367	1,490,003	1,496,001	1,509,360	1,470,658	1,330,391	1,185,658	1,389,293	1,223,519	659,480	670,942	806,259
loans	22,500	32,500	40,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	183,326	196,940	347,614	730,838	385,074	184,628	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	0	0	0	0	0	0	353,635	142,158	114,002	275,107	253,697	143,213	66,411	100,956
provisions	0	0	0	0	0	0	0	0	0	0	57,240	60,600	49,811	43,262
total long term liabilities	205,826	229,440	387,614	730,838	385,074	184,628	353,635	142,158	114,002	275,107	310,937	203,813	116,222	144,218
total liabilities	1,695,913	1,728,881	1,726,981	2,220,841	1,881,075	1,693,988	1,824,293	1,472,549	1,299,660	1,664,400	1,534,456	863,293	787,164	950,477
net assets	688,920	569,892	864,853	1,132,008	1,315,035	1,169,546	1,118,864	1,149,870	1,048,894	820,746	610,154	624,308	710,122	604,835
total shareholders funds	688,920	569,892	864,853	1,132,008	1,315,035	1,169,546	1,118,864	1,149,870	1,048,894	820,746	610,154	624,308	710,122	604,835

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	199,361	-258,044	-235,085	-150,179	213,784	78,779	-31,007	126,219	288,795	273,496	-14,418	-86,079	145,981	839,659
Depreciation	404,704	398,249	519,240	603,861	473,631	518,721	0	363,241	400,259	354,376	297,419	189,278	203,893	243,379
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-27,920	0	0	0	-34,127	-11,888	0	-25,244	-60,647	-62,904	0	0	-40,945	-235,175
Stock	0	0	0	0	0	0	0	0	0	0	0	-3,925	715	3,210
Debtors	-16,385	-82,023	-235,708	-101,943	103,278	135,974	-33,216	129,942	73,355	23,310	449,188	-207,955	117,048	591,285
Creditors	223,392	-15,478	168	-130,119	44,300	-1,130,212	140,267	144,733	-203,635	165,774	564,039	-11,462	-135,317	806,259
Accruals and Deferred Income	-8,592	151,818	-52,056	82,773	-87,613	286,269	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-57,240	-3,360	10,789	6,549	43,262
Cash flow from operations	807,330	358,568	467,975	508,279	506,697	-394,305	142,476	479,007	351,417	650,192	394,492	314,406	62,398	1,102,889
Investing Activities
capital expenditure	-507,149	-187,211	6,067	-862,543	-702,929	-303,624	-353,954	-506,664	-190,405	-671,509	-610,832	-286,155	-127,997	-1,104,029
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-507,149	-187,211	6,067	-862,543	-702,929	-303,624	-353,954	-506,664	-190,405	-671,509	-610,832	-286,155	-127,997	-1,104,029
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	-10,000	-7,500	40,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-58,997	-252,064	-366,712	337,365	215,548	568,505	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-353,635	211,477	28,156	-161,105	21,410	110,484	76,802	-34,545	100,956
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-52,413	-36,917	-32,070	-32,848	-34,168	-16,209	1	1	0	0	264	265	251	250
cash flow from financing	-121,410	-296,481	-358,782	304,517	181,380	198,661	211,478	28,157	-161,105	21,410	110,748	77,067	-34,294	101,306
cash and cash equivalents
cash	0	0	0	0	0	-500	0	500	-93	93	-105,592	105,318	-99,893	100,167
overdraft	-178,771	125,124	-115,260	49,747	14,852	498,768	0	0	0	0	0	0	0	0
change in cash	178,771	-125,124	115,260	-49,747	-14,852	-499,268	0	500	-93	93	-105,592	105,318	-99,893	100,167

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRIFFIN FREIGHT SERVICES (RETFORD) LIMITED group structure

Griffin Freight Services (Retford) Limited has no subsidiary companies.

Ultimate parent company

GRIFFIN FREIGHT SERVICES (RETFORD) LIMITED

03454732

GRIFFIN FREIGHT SERVICES (RETFORD) LIMITED Shareholders

sallie jean griffin	25%
robert michael griffin	25%
michael griffin	25%
anna jean griffin	25%

Griffin Freight Services (Retford) Limited currently has 2 directors. The longest serving directors include Mr Richard Burton (Oct 1997) and Mr Michael Griffin (Oct 1997).

officer	country	age	start	end	role
Mr Richard Burton	England	54 years	Oct 1997	-	Director
Mr Michael Griffin		59 years	Oct 1997	-	Director

P&L

March 2023

turnover

4.4m

+19%

operating profit

199.4k

gross margin

21.5%

+1.42%

turnover

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

Balance Sheet

March 2023

net assets

688.9k

+0.21%

total assets

2.4m

+0.04%

cash

net assets

Total assets minus all liabilities

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company number

03454732

Type

Private limited with Share Capital

industry

49410 - Freight transport by road

incorporation date

October 1997

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 12, hallcroft industrial estate, retford, nottinghamshire, DN22 7SS

last accounts submitted

March 2023

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 1 charges/mortgages relating to griffin freight services (retford) limited. Currently there are 1 open charges and 0 have been satisfied in the past.

griffin freight services (retford) limited Company Information

griffin freight services (retford) limited Estimated Valuation

griffin freight services (retford) limited Estimated Valuation

griffin freight services (retford) limited Estimated Valuation

Griffin Freight Services (retford) Limited Overview

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GRIFFIN FREIGHT SERVICES (RETFORD) LIMITED financials

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griffin freight services (retford) limited Ownership

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griffin freight services (retford) limited Companies House Filings - See Documents