G R S Electrical Services Limited

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g r s electrical services limited Company Information

Live

MatureMidHigh

Company Number

03670457

Website

www.grs-electrical.com

Registered Address

warwick road, fairfield industrial estate, louth, lincolnshire, LN11 0YB

Industry

Electrical installation

Telephone

01507606837

Next Accounts Due

February 2025

Group Structure

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Directors

Richard Pestell18 Years

Benjamin Allen15 Years

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Shareholders

benrick holdings limited 100%

richard graham pestell 0%

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g r s electrical services limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of G R S ELECTRICAL SERVICES LIMITED at £2.4m based on a Turnover of £5.8m and 0.4x industry multiple (adjusted for size and gross margin).

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G R S Electrical Services Limited is a live company located in louth, LN11 0YB with a Companies House number of 03670457. It operates in the electrical installation sector, SIC Code 43210. Founded in November 1998, it's largest shareholder is benrick holdings limited with a 100% stake. G R S Electrical Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.8m with high growth in recent years.

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Pomanda's financial health check has awarded G R S Electrical Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

1 Weak

Size

annual sales of £5.8m, make it larger than the average company (£839.2k)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.1%)

EXPORT

G R S Electrical Services Limited's latest turnover from May 2023 is estimated at £5.8 million and the company has net assets of £627.4 thousand. According to their latest financial statements, G R S Electrical Services Limited has 49 employees and maintains cash reserves of £681.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	5,847,233	4,601,758	4,729,182	3,397,722	5,518,428	5,008,834	5,365,949	4,114,146	6,379,708	5,972,201	6,921,265	6,408,686	5,365,876	5,043,699
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,392,615	3,448,149	3,581,147	2,547,491	4,067,648	3,606,831	3,846,249	2,906,031	4,474,956	4,165,077	4,777,916	4,320,657	3,358,143	3,040,907
Gross Profit	1,454,617	1,153,610	1,148,035	850,231	1,450,780	1,402,004	1,519,700	1,208,115	1,904,751	1,807,123	2,143,349	2,088,029	2,007,733	2,002,792
Admin Expenses	1,538,035	1,119,158	947,926	931,387	1,276,162	1,267,229	1,619,798	1,174,306	1,787,359	1,717,465	2,234,474	1,964,422	1,938,354	1,852,775
Operating Profit	-83,418	34,452	200,109	-81,156	174,618	134,775	-100,098	33,809	117,392	89,658	-91,125	123,607	69,379	150,017
Interest Payable	525	8,750	7,320	0	239	550	308	0	0	0	0	0	0	0
Interest Receivable	25,264	4,389	572	535	3,856	1,735	384	955	378	367	438	319	187	58
Pre-Tax Profit	-58,679	30,091	193,360	-80,621	178,236	135,959	-100,022	34,764	117,770	90,025	-90,687	123,926	69,566	150,075
Tax	0	-5,717	-36,738	0	-33,865	-25,832	0	-6,953	-23,554	-18,905	0	-29,742	-18,087	-42,021
Profit After Tax	-58,679	24,374	156,622	-80,621	144,371	110,127	-100,022	27,811	94,216	71,120	-90,687	94,184	51,479	108,054
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-58,679	24,374	156,622	-80,621	144,371	110,127	-100,022	27,811	94,216	71,120	-90,687	94,184	51,479	108,054
Employee Costs	2,013,586	1,918,547	1,950,042	2,359,978	2,755,145	2,553,886	2,494,983	1,194,640	1,678,519	1,585,055	1,811,593	1,847,683	1,681,503	1,625,268
Number Of Employees	49	49	51	62	69	66	64	30	42	41	49	50	47	45
EBITDA*	20,021	89,234	263,049	30,043	272,204	236,231	-2,249	123,467	198,367	154,590	-38,569	168,026	113,547	201,064

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	146,433	178,994	206,293	222,707	217,324	254,075	226,060	236,890	265,153	258,056	126,429	160,390	110,816	64,941
Intangible Assets	1,275	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	147,708	178,994	206,293	222,707	217,324	254,075	226,060	236,890	265,153	258,056	126,429	160,390	110,816	64,941
Stock & work in progress	0	0	0	124,018	266,619	134,380	265,954	89,011	263,767	228,089	27,249	41,041	90,014	5,000
Trade Debtors	976,328	759,514	1,061,445	260,484	556,125	618,792	722,674	682,870	983,981	958,826	1,318,094	1,208,549	971,216	941,858
Group Debtors	0	0	0	5,845	24,511	808	652	95,011	0	0	0	0	0	0
Misc Debtors	101,758	419,238	180,435	555,461	580,934	532,658	250,990	363,789	0	25,000	0	0	0	0
Cash	681,670	441,190	436,681	706,688	363,667	664,677	29,125	277,985	104,028	47,262	99,545	75,771	51,803	23,126
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,759,756	1,619,942	1,678,561	1,652,496	1,791,856	1,951,315	1,269,395	1,508,666	1,351,776	1,259,177	1,444,888	1,325,361	1,113,033	969,984
total assets	1,907,464	1,798,936	1,884,854	1,875,203	2,009,180	2,205,390	1,495,455	1,745,556	1,616,929	1,517,233	1,571,317	1,485,751	1,223,849	1,034,925
Bank overdraft	0	0	0	0	0	0	9,846	0	0	0	0	0	0	0
Bank loan	0	10,000	40,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	774,242	597,604	513,689	413,411	799,495	753,341	615,361	647,407	1,072,266	1,037,581	1,129,114	1,033,535	872,111	788,391
Group/Directors Accounts	37,421	37,421	38,434	12,834	0	47,348	36,192	53,692	0	0	0	0	0	0
other short term finances	0	0	0	0	0	7,075	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	55,553	53,103	44,322	25,261	25,172	0	0	0	0	0	0
other current liabilities	432,960	418,805	391,428	796,608	458,554	781,686	395,304	496,282	0	0	0	0	0	0
total current liabilities	1,244,623	1,063,830	983,551	1,278,406	1,311,152	1,633,772	1,081,964	1,222,553	1,072,266	1,037,581	1,129,114	1,033,535	872,111	788,391
loans	0	0	200,000	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	8,027	30,228	80,117	66,835	77,808	25,889	11,570	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	19,084	40,526	95,930	129,372	181,017	94,507	80,658	63,478
provisions	35,485	41,044	9,414	11,641	41,292	44,359	37,356	39,723	45,362	41,125	23,151	28,987	36,545	0
total long term liabilities	35,485	49,071	239,642	91,758	108,127	122,167	82,329	91,819	141,292	170,497	204,168	123,494	117,203	63,478
total liabilities	1,280,108	1,112,901	1,223,193	1,370,164	1,419,279	1,755,939	1,164,293	1,314,372	1,213,558	1,208,078	1,333,282	1,157,029	989,314	851,869
net assets	627,356	686,035	661,661	505,039	589,901	449,451	331,162	431,184	403,371	309,155	238,035	328,722	234,535	183,056
total shareholders funds	627,356	686,035	661,661	505,039	589,901	449,451	331,162	431,184	403,371	309,155	238,035	328,722	234,535	183,056

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-83,418	34,452	200,109	-81,156	174,618	134,775	-100,098	33,809	117,392	89,658	-91,125	123,607	69,379	150,017
Depreciation	103,439	54,782	62,940	111,199	97,586	101,456	97,849	89,658	80,975	64,932	52,556	44,419	44,168	51,047
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,717	-36,738	0	-33,865	-25,832	0	-6,953	-23,554	-18,905	0	-29,742	-18,087	-42,021
Stock	0	0	-124,018	-142,601	132,239	-131,574	176,943	-174,756	35,678	200,840	-13,792	-48,973	85,014	5,000
Debtors	-100,666	-63,128	420,090	-339,780	9,312	177,942	-167,354	157,689	155	-334,268	109,545	237,333	29,358	941,858
Creditors	176,638	83,915	100,278	-386,084	46,154	137,980	-32,046	-424,859	34,685	-91,533	95,579	161,424	83,720	788,391
Accruals and Deferred Income	14,155	27,377	-405,180	338,054	-323,132	386,382	-100,978	496,282	0	0	0	0	0	0
Deferred Taxes & Provisions	-5,559	31,630	-2,227	-29,651	-3,067	7,003	-2,367	-5,639	4,237	17,974	-5,836	-7,558	36,545	0
Cash flow from operations	305,921	289,567	-376,890	434,743	-183,257	695,396	-147,229	199,365	177,902	195,554	-44,579	103,790	101,353	576
Investing Activities
capital expenditure	-72,153	-27,483	-46,526	-116,582	-60,835	-129,471	-87,019	-61,395	-88,072	-196,559	-18,595	-93,993	-90,043	-115,988
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-72,153	-27,483	-46,526	-116,582	-60,835	-129,471	-87,019	-61,395	-88,072	-196,559	-18,595	-93,993	-90,043	-115,988
Financing Activities
Bank loans	-10,000	-30,000	40,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-1,013	25,600	12,834	-47,348	11,156	-17,500	53,692	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-7,075	7,075	0	0	0	0	0	0	0	0
Long term loans	0	-200,000	200,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-8,027	-22,201	-105,442	15,732	-2,192	70,980	14,408	36,742	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	-19,084	-21,442	-55,404	-33,442	-51,645	86,510	13,849	17,180	63,478
share issue	0	0	0	-4,241	-3,921	8,162	0	2	0	0	0	3	0	75,002
interest	24,739	-4,361	-6,748	535	3,617	1,185	76	955	378	367	438	319	187	58
cash flow from financing	6,712	-257,575	153,410	24,860	-56,919	79,474	-24,458	35,987	-33,064	-51,278	86,948	14,171	17,367	138,538
cash and cash equivalents
cash	240,480	4,509	-270,007	343,021	-301,010	635,552	-248,860	173,957	56,766	-52,283	23,774	23,968	28,677	23,126
overdraft	0	0	0	0	0	-9,846	9,846	0	0	0	0	0	0	0
change in cash	240,480	4,509	-270,007	343,021	-301,010	645,398	-258,706	173,957	56,766	-52,283	23,774	23,968	28,677	23,126

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G R S ELECTRICAL SERVICES LIMITED group structure

G R S Electrical Services Limited has no subsidiary companies.

Ultimate parent company

BENRICK HOLDINGS LIMITED

08689645

1 parent

G R S ELECTRICAL SERVICES LIMITED

03670457

G R S ELECTRICAL SERVICES LIMITED Shareholders

benrick holdings limited	99.99%
richard graham pestell	0%
clare allen	0%
kelly marie pestell	0%
benjamin matthew allen	0%

G R S Electrical Services Limited currently has 4 directors. The longest serving directors include Mr Richard Pestell (Mar 2006) and Mr Benjamin Allen (Jan 2009).

officer	country	age	start	end	role
Mr Richard Pestell	England	62 years	Mar 2006	-	Director
Mr Benjamin Allen	England	48 years	Jan 2009	-	Director
Kelly Pestell	United Kingdom	60 years	Jan 2024	-	Director
Mrs Clare Allen	England	43 years	Jan 2024	-	Director

P&L

May 2023

turnover

5.8m

+27%

operating profit

-83.4k

gross margin

24.9%

-0.77%

turnover

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

Balance Sheet

May 2023

net assets

627.4k

-0.09%

total assets

1.9m

+0.06%

cash

681.7k

+0.55%

net assets

Total assets minus all liabilities

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company number

03670457

Type

Private limited with Share Capital

industry

43210 - Electrical installation

incorporation date

November 1998

age

accounts

Total Exemption Full

ultimate parent company

BENRICK HOLDINGS LIMITED

previous names

wilchap 101 limited (January 1999)

incorporated

address

warwick road, fairfield industrial estate, louth, lincolnshire, LN11 0YB

last accounts submitted

May 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 7 charges/mortgages relating to g r s electrical services limited. Currently there are 0 open charges and 7 have been satisfied in the past.

g r s electrical services limited Company Information

g r s electrical services limited Estimated Valuation

g r s electrical services limited Estimated Valuation

g r s electrical services limited Estimated Valuation

G R S Electrical Services Limited Overview

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G R S ELECTRICAL SERVICES LIMITED financials

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g r s electrical services limited Ownership

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