Grovehill Properties Limited

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grovehill properties limited Company Information

Company Number

03475778

Next Accounts

Sep 2025

Directors

Ronnie Chitiyat

Shareholders

ronnie chitiyat

tali chitiyat

Group Structure

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Industry

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

Registered Address

1 ashley lane, london, NW4 1HD

Website

grovehill properties limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of GROVEHILL PROPERTIES LIMITED at £1.9m based on a Turnover of £776.4k and 2.39x industry multiple (adjusted for size and gross margin).

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Grovehill Properties Limited is a live company located in london, NW4 1HD with a Companies House number of 03475778. It operates in the other letting and operating of own or leased real estate sector, SIC Code 68209. Founded in December 1997, it's largest shareholder is ronnie chitiyat with a 99% stake. Grovehill Properties Limited is a mature, small sized company, Pomanda has estimated its turnover at £776.4k with rapid growth in recent years.

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

Health Rating3out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £776.4k, make it smaller than the average company (£1.1m)

Growth

3 year (CAGR) sales growth of 64%, show it is growing at a faster rate (3.6%)

EXPORT

Grovehill Properties Limited's latest turnover from December 2023 is estimated at £776.4 thousand and the company has net assets of £266.2 thousand. According to their latest financial statements, Grovehill Properties Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	776,415	796,265	28,517	175,928	105,788	39,472	51,264	49,884	37,453	47,315	52,820	52,769	51,748	41,158	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	571,035	600,996	21,711	133,116	79,719	29,269	37,159	35,250	27,377	35,695	40,774	40,680	39,789	30,485	0
Gross Profit	205,380	195,269	6,806	42,812	26,070	10,203	14,104	14,634	10,075	11,620	12,046	12,089	11,959	10,672	0
Admin Expenses	194,359	-61,438	63,351	27,385	9,737	12,565	-9,352	-12,248	557	1,834	9,388	5,882	5,514	3,516	-20,794
Operating Profit	11,021	256,707	-56,545	15,427	16,333	-2,362	23,456	26,882	9,518	9,786	2,658	6,207	6,445	7,156	20,794
Interest Payable	0	0	0	0	0	0	0	307	747	961	534	754	1,626	872	0
Interest Receivable	0	0	0	0	0	0	0	3	10	8	14	19	19	14	6
Pre-Tax Profit	11,021	256,707	-56,545	15,427	16,333	-2,362	23,456	26,578	8,781	8,833	2,138	5,472	4,838	6,299	20,800
Tax	-2,755	-48,774	0	-2,931	-3,103	0	-4,457	-5,315	-1,756	-1,855	-492	-1,313	-1,258	-1,764	-5,824
Profit After Tax	8,266	207,933	-56,545	12,496	13,230	-2,362	18,999	21,262	7,025	6,978	1,646	4,159	3,580	4,535	14,976
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	8,266	207,933	-56,545	12,496	13,230	-2,362	18,999	21,262	7,025	6,978	1,646	4,159	3,580	4,535	14,976
Employee Costs	33,124	31,262	30,176	28,415	58,223	28,099	26,715	26,667	26,667	25,689	24,500	24,197	23,830	24,060	0
Number Of Employees	1	1	1	1	2	1	1	1	1	1	1	1	1	1	0
EBITDA*	11,021	256,707	-56,545	15,427	16,333	-2,362	23,456	26,882	9,518	9,786	2,658	6,207	6,445	7,156	20,794

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	0	0	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	0	82,665	82,665
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	82,665	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	0	0	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665	82,665
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	288,063	315,128	2,761	56,502	21,414	8,765	11,975	10,183	0	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	2,386	1,678	1,657	3,767	3,933	3,479	2,236
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	288,063	315,128	2,761	56,502	21,414	8,765	11,975	10,183	2,386	1,678	1,657	3,767	3,933	3,479	2,236
total assets	288,063	315,128	85,426	139,167	104,079	91,430	94,640	92,848	85,051	84,343	84,322	86,432	86,598	86,144	84,901
Bank overdraft	0	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	0
Trade Creditors	7,173	39,494	15,564	9,643	10,051	10,632	8,492	22,193	32,222	35,213	38,902	39,537	40,213	39,706	38,912
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	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,173	39,494	15,564	9,643	10,051	10,632	8,492	22,193	32,222	35,213	38,902	39,537	40,213	39,706	38,912
loans	0	0	0	0	0	0	0	0	9,830	13,156	16,424	0	23,194	26,827	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	660	810	840	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	14,052	16,912	19,043	23,000	0	0	2,988	6,494	0	0	0	19,545	0	0	30,913
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	14,712	17,722	19,883	23,000	0	0	2,988	6,494	9,830	13,156	16,424	19,545	23,194	26,827	30,913
total liabilities	21,885	57,216	35,447	32,643	10,051	10,632	11,480	28,687	42,052	48,369	55,326	59,082	63,407	66,533	69,825
net assets	266,178	257,912	49,979	106,524	94,028	80,798	83,160	64,161	42,999	35,974	28,996	27,350	23,191	19,611	15,076
total shareholders funds	266,178	257,912	49,979	106,524	94,028	80,798	83,160	64,161	42,999	35,974	28,996	27,350	23,191	19,611	15,076

	Dec 2023	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	11,021	256,707	-56,545	15,427	16,333	-2,362	23,456	26,882	9,518	9,786	2,658	6,207	6,445	7,156	20,794
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,755	-48,774	0	-2,931	-3,103	0	-4,457	-5,315	-1,756	-1,855	-492	-1,313	-1,258	-1,764	-5,824
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-27,065	312,367	-53,741	35,088	12,649	-3,210	1,792	10,183	0	0	0	0	0	0	0
Creditors	-32,321	23,930	5,921	-408	-581	2,140	-13,701	-10,029	-2,991	-3,689	-635	-676	507	794	38,912
Accruals and Deferred Income	-150	-30	840	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	2,860	-80,534	3,957	-23,000	0	2,988	3,506	1,355	4,771	4,242	1,531	4,218	5,694	6,186	53,882
Investing Activities
capital expenditure	0	82,665	0	0	0	0	0	0	0	0	0	-82,665	82,665	0	-82,665
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	-82,665	82,665	0	0
cash flow from investments	0	82,665	0	0	0	0	0	0	0	0	0	0	0	0	-82,665
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	0	0	0	0	0	0	0	-9,830	-3,326	-3,268	16,424	-23,194	-3,633	26,827	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-2,860	-2,131	-3,957	23,000	0	-2,988	-3,506	6,494	0	0	-19,545	19,545	0	-30,913	30,913
share issue	0	0	0	0	0	0	0	-100	0	0	0	0	0	0	100
interest	0	0	0	0	0	0	0	-304	-737	-953	-520	-735	-1,607	-858	6
cash flow from financing	-2,860	-2,131	-3,957	23,000	0	-2,988	-3,506	-3,740	-4,063	-4,221	-3,641	-4,384	-5,240	-4,944	31,019
cash and cash equivalents
cash	0	0	0	0	0	0	0	-2,386	708	21	-2,110	-166	454	1,243	2,236
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-2,386	708	21	-2,110	-166	454	1,243	2,236

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROVEHILL PROPERTIES LIMITED group structure

Grovehill Properties Limited has no subsidiary companies.

Ultimate parent company

GROVEHILL PROPERTIES LIMITED

03475778

GROVEHILL PROPERTIES LIMITED Shareholders

ronnie chitiyat	99%
tali chitiyat	1%

Grovehill Properties Limited currently has 1 director, Mr Ronnie Chitiyat serving since Feb 1998.

officer	country	age	start	end	role
Mr Ronnie Chitiyat		61 years	Feb 1998	-	Director

P&L

December 2023

turnover

776.4k

-2%

operating profit

11k

gross margin

26.5%

+7.87%

turnover

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

Balance Sheet

December 2023

net assets

266.2k

+0.03%

total assets

288.1k

-0.09%

cash

net assets

Total assets minus all liabilities

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company number

03475778

Type

Private limited with Share Capital

industry

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

incorporation date

December 1997

ultimate parent company

None

previous names

N/A

address

1 ashley lane, london, NW4 1HD

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

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grovehill properties limited Company Information

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grovehill properties limited Estimated Valuation

grovehill properties limited Estimated Valuation

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