Groundtech (uk) Limited

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groundtech (uk) limited Company Information

Live

MatureSmallHealthy

Company Number

03633297

Website

www.groundtechuk.co.uk

Registered Address

richard house, winckley square, preston, lancashire, PR1 3HP

Industry

Agents involved in the sale of timber and building materials

Telephone

01942271784

Next Accounts Due

September 2024

Group Structure

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Directors

Steven Burns25 Years

Shareholders

groundtech holdings limited 100%

groundtech (uk) limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of GROUNDTECH (UK) LIMITED at £1.4m based on a Turnover of £3m and 0.48x industry multiple (adjusted for size and gross margin).

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Groundtech (uk) Limited is a live company located in preston, PR1 3HP with a Companies House number of 03633297. It operates in the agents involved in the sale of timber and building materials sector, SIC Code 46130. Founded in September 1998, it's largest shareholder is groundtech holdings limited with a 100% stake. Groundtech (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Groundtech (Uk) Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £3m, make it smaller than the average company (£16.3m)

Growth

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

EXPORT

Groundtech (Uk) Limited's latest turnover from December 2022 is estimated at £3 million and the company has net assets of £156.4 thousand. According to their latest financial statements, Groundtech (Uk) Limited has 6 employees and maintains cash reserves of £7.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	2,956,961	2,408,773	1,944,112	2,310,986	2,932,197	2,791,895	2,251,100	5,400,783	4,102,182	4,369,412	4,227,865	3,744,999	2,509,030	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,134,850	1,744,701	1,410,606	1,686,302	2,142,546	2,035,060	1,627,129	3,922,897	2,983,881	3,190,615	3,043,800	2,666,651	1,784,910	0
Gross Profit	822,110	664,072	533,506	624,683	789,651	756,835	623,971	1,477,885	1,118,301	1,178,797	1,184,064	1,078,349	724,120	0
Admin Expenses	848,525	643,635	564,599	659,817	774,418	807,209	592,411	1,406,085	1,073,701	1,132,860	1,165,982	1,078,334	705,937	-124,413
Operating Profit	-26,415	20,437	-31,093	-35,134	15,233	-50,374	31,560	71,800	44,600	45,937	18,082	15	18,183	124,413
Interest Payable	0	7	7	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	127	0	3	36	62	124	75	92	39	5	0	0	3	3
Pre-Tax Profit	-26,288	20,430	-31,097	-35,098	15,295	-50,250	31,635	71,891	44,639	45,942	18,082	15	18,186	124,417
Tax	0	-3,882	0	0	-2,906	0	-6,327	-14,378	-9,374	-10,567	-4,340	-4	-5,092	-34,837
Profit After Tax	-26,288	16,548	-31,097	-35,098	12,389	-50,250	25,308	57,513	35,265	35,375	13,742	11	13,094	89,580
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-26,288	16,548	-31,097	-35,098	12,389	-50,250	25,308	57,513	35,265	35,375	13,742	11	13,094	89,580
Employee Costs	225,009	213,364	207,001	238,152	230,321	256,185	275,613	685,679	556,309	626,722	617,346	536,442	365,752	0
Number Of Employees	6	6	6	7	7	8	9	23	19	22	22	19	14	0
EBITDA*	-26,084	22,925	-26,107	-29,004	22,483	-41,471	49,628	85,584	52,752	53,132	18,472	2,259	21,326	124,909

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	8,261	8,665	39,976	27,761	30,991	37,912	111,076	57,154	34,978	43,050	11,050	4,391	16,336	5,255
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	8,261	8,665	39,976	27,761	30,991	37,912	111,076	57,154	34,978	43,050	11,050	4,391	16,336	5,255
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	4,316	9,623	19,056
Trade Debtors	544,035	434,689	306,088	381,801	559,952	514,908	354,947	878,006	697,444	730,369	687,493	835,554	544,415	427,756
Group Debtors	80,097	79,399	124,399	164,399	312,399	5,000	0	0	0	0	0	0	0	0
Misc Debtors	233,459	140,624	86,700	46,246	40,572	196,942	159,841	0	0	0	0	0	0	0
Cash	7,115	125	0	5,438	4,135	12,520	37,004	23,025	13,573	1,935	0	0	0	1,297
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	864,706	654,837	517,187	597,884	917,058	729,370	551,792	901,031	711,017	732,304	687,493	839,870	554,038	448,109
total assets	872,967	663,502	557,163	625,645	948,049	767,282	662,868	958,185	745,995	775,354	698,543	844,261	570,374	453,364
Bank overdraft	0	0	227	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
Trade Creditors	377,143	385,884	326,602	400,188	498,329	493,471	352,934	710,983	556,806	622,336	579,606	740,397	464,035	362,524
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	337,724	93,531	62,326	23,528	212,125	47,428	25,911	0	0	0	0	0	0	0
total current liabilities	714,867	479,415	389,155	423,716	710,454	540,899	378,845	710,983	556,806	622,336	579,606	740,397	464,035	362,524
loans	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
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	0	0	0	0	0	0	0	0
provisions	1,708	1,407	1,876	4,700	5,268	6,445	13,835	2,322	1,822	916	2,210	879	3,365	960
total long term liabilities	1,708	1,407	1,876	4,700	5,268	6,445	13,835	2,322	1,822	916	2,210	879	3,365	960
total liabilities	716,575	480,822	391,031	428,416	715,722	547,344	392,680	713,305	558,628	623,252	581,816	741,276	467,400	363,484
net assets	156,392	182,680	166,132	197,229	232,327	219,938	270,188	244,880	187,367	152,102	116,727	102,985	102,974	89,880
total shareholders funds	156,392	182,680	166,132	197,229	232,327	219,938	270,188	244,880	187,367	152,102	116,727	102,985	102,974	89,880

	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	-26,415	20,437	-31,093	-35,134	15,233	-50,374	31,560	71,800	44,600	45,937	18,082	15	18,183	124,413
Depreciation	331	2,488	4,986	6,130	7,250	8,903	18,068	13,784	8,152	7,195	390	2,244	3,143	496
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-3,882	0	0	-2,906	0	-6,327	-14,378	-9,374	-10,567	-4,340	-4	-5,092	-34,837
Stock	0	0	0	0	0	0	0	0	0	0	-4,316	-5,307	-9,433	19,056
Debtors	202,879	137,525	-75,259	-320,477	196,073	202,062	-363,218	180,562	-32,925	42,876	-148,061	291,139	116,659	427,756
Creditors	-8,741	59,282	-73,586	-98,141	4,858	140,537	-358,049	154,177	-65,530	42,730	-160,791	276,362	101,511	362,524
Accruals and Deferred Income	244,193	31,205	38,798	-188,597	164,697	21,517	25,911	0	0	0	0	0	0	0
Deferred Taxes & Provisions	301	-469	-2,824	-568	-1,177	-7,390	11,513	500	906	-1,294	1,331	-2,486	2,405	960
Cash flow from operations	6,790	-28,464	11,540	4,167	-8,118	-88,869	85,894	45,321	11,679	41,125	7,049	-9,701	12,924	6,744
Investing Activities
capital expenditure	73	28,823	-17,201	-2,900	-329	64,261	-71,990	-35,960	-80	-39,195	-7,049	9,701	-14,224	-5,751
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	73	28,823	-17,201	-2,900	-329	64,261	-71,990	-35,960	-80	-39,195	-7,049	9,701	-14,224	-5,751
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	300
interest	127	-7	-4	36	62	124	75	92	39	5	0	0	3	3
cash flow from financing	127	-7	-4	36	62	124	75	92	39	5	0	0	3	303
cash and cash equivalents
cash	6,990	125	-5,438	1,303	-8,385	-24,484	13,979	9,452	11,638	1,935	0	0	-1,297	1,297
overdraft	0	-227	227	0	0	0	0	0	0	0	0	0	0	0
change in cash	6,990	352	-5,665	1,303	-8,385	-24,484	13,979	9,452	11,638	1,935	0	0	-1,297	1,297

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROUNDTECH (UK) LIMITED group structure

Groundtech (Uk) Limited has no subsidiary companies.

Ultimate parent company

GROUNDTECH HOLDINGS LIMITED

10055597

1 parent

GROUNDTECH (UK) LIMITED

03633297

GROUNDTECH (UK) LIMITED Shareholders

groundtech holdings limited

100%

Groundtech (Uk) Limited currently has 1 director, Mr Steven Burns serving since Sep 1998.

officer	country	age	start	end	role
Mr Steven Burns		56 years	Sep 1998	-	Director

P&L

December 2022

turnover

+23%

operating profit

-26.4k

gross margin

27.9%

+0.85%

turnover

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

Balance Sheet

December 2022

net assets

156.4k

-0.14%

total assets

873k

+0.32%

cash

7.1k

+55.92%

net assets

Total assets minus all liabilities

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company number

03633297

Type

Private limited with Share Capital

industry

46130 - Agents involved in the sale of timber and building materials

incorporation date

September 1998

age

accounts

Total Exemption Full

ultimate parent company

GROUNDTECH HOLDINGS LIMITED

previous names

N/A

incorporated

address

richard house, winckley square, preston, lancashire, PR1 3HP

last accounts submitted

December 2022

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 groundtech (uk) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

groundtech (uk) limited Company Information

groundtech (uk) limited Estimated Valuation

groundtech (uk) limited Estimated Valuation

groundtech (uk) limited Estimated Valuation

Groundtech (uk) Limited Overview

Groundtech (uk) Limited Health Check

GROUNDTECH (UK) LIMITED financials

groundtech (uk) limited Credit Report and Business Information

Groundtech (uk) Limited Competitor Analysis

groundtech (uk) limited Ownership

groundtech (uk) limited directors

groundtech (uk) limited company details

groundtech (uk) limited Charges & Mortgages

groundtech (uk) limited Companies House Filings - See Documents