grove solutions ltd.
grove solutions ltd. Company Information
Company Number
03786249
Next Accounts
Sep 2025
Shareholders
the grove discretionary trust
bettina claire witheridge
View AllGroup Structure
View All
Industry
Other information technology and computer service activities
Registered Address
unit 4, horizon trade park, ring way, london, N11 2NW
grove solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GROVE SOLUTIONS LTD. at £11.5m based on a Turnover of £14.5m and 0.79x industry multiple (adjusted for size and gross margin).
grove solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GROVE SOLUTIONS LTD. at £8.2m based on an EBITDA of £1.5m and a 5.39x industry multiple (adjusted for size and gross margin).
grove solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GROVE SOLUTIONS LTD. at £8.6m based on Net Assets of £3.8m and 2.25x industry multiple (adjusted for liquidity).
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Grove Solutions Ltd. Overview
Grove Solutions Ltd. is a live company located in london, N11 2NW with a Companies House number of 03786249. It operates in the other information technology service activities sector, SIC Code 62090. Founded in June 1999, it's largest shareholder is the grove discretionary trust with a 73.2% stake. Grove Solutions Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £14.5m with rapid growth in recent years.
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Grove Solutions Ltd. Health Check
Pomanda's financial health check has awarded Grove Solutions Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
1 Weak
Size
annual sales of £14.5m, make it larger than the average company (£7.4m)
£14.5m - Grove Solutions Ltd.
£7.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 183%, show it is growing at a faster rate (8%)
- Grove Solutions Ltd.
8% - Industry AVG
Production
with a gross margin of 33.2%, this company has a higher cost of product (51.5%)
33.2% - Grove Solutions Ltd.
51.5% - Industry AVG
Profitability
an operating margin of 10.4% make it more profitable than the average company (3.5%)
10.4% - Grove Solutions Ltd.
3.5% - Industry AVG
Employees
with 46 employees, this is similar to the industry average (43)
46 - Grove Solutions Ltd.
43 - Industry AVG
Pay Structure
on an average salary of £27.1k, the company has a lower pay structure (£74.4k)
£27.1k - Grove Solutions Ltd.
£74.4k - Industry AVG
Efficiency
resulting in sales per employee of £314.9k, this is more efficient (£178.4k)
£314.9k - Grove Solutions Ltd.
£178.4k - Industry AVG
Debtor Days
it gets paid by customers after 39 days, this is earlier than average (52 days)
39 days - Grove Solutions Ltd.
52 days - Industry AVG
Creditor Days
its suppliers are paid after 78 days, this is slower than average (33 days)
78 days - Grove Solutions Ltd.
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Grove Solutions Ltd.
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is average cash available to meet short term requirements (14 weeks)
15 weeks - Grove Solutions Ltd.
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 68.1%, this is a similar level of debt than the average (64.7%)
68.1% - Grove Solutions Ltd.
64.7% - Industry AVG
GROVE SOLUTIONS LTD. financials
Grove Solutions Ltd.'s latest turnover from December 2023 is £14.5 million and the company has net assets of £3.8 million. According to their latest financial statements, Grove Solutions Ltd. has 46 employees and maintains cash reserves of £2.5 million 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 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,487,552 | |||||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 9,671,820 | |||||||||||||
| Gross Profit | 4,815,732 | |||||||||||||
| Admin Expenses | 3,304,526 | |||||||||||||
| Operating Profit | 1,511,206 | |||||||||||||
| Interest Payable | 11,527 | |||||||||||||
| Interest Receivable | 29,263 | |||||||||||||
| Pre-Tax Profit | 1,528,942 | |||||||||||||
| Tax | -391,204 | |||||||||||||
| Profit After Tax | 1,137,738 | |||||||||||||
| Dividends Paid | 73,500 | |||||||||||||
| Retained Profit | 1,064,238 | |||||||||||||
| Employee Costs | 1,246,905 | |||||||||||||
| Number Of Employees | 46 | 4 | 4 | 4 | 4 | 3 | ||||||||
| EBITDA* | 1,520,401 |
* 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 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 19,709 | |||||||||||||
| Intangible Assets | ||||||||||||||
| Investments & Other | 1,554 | 2,454 | 2,454 | 2,454 | 2,454 | 1,701 | 1,701 | 801 | 801 | 801 | ||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 19,709 | 1,554 | 2,454 | 2,454 | 2,454 | 2,454 | 1,701 | 1,701 | 801 | 801 | 801 | |||
| Stock & work in progress | ||||||||||||||
| Trade Debtors | 1,566,500 | 31,381 | 110,540 | 33,979 | 103,283 | 37,594 | ||||||||
| Group Debtors | 6,945 | 6,945 | 29,042 | 103,463 | 13,675 | 5,393 | 5,393 | |||||||
| Misc Debtors | 7,868,575 | 2,475,015 | 1,389,672 | 319 | 320 | 320 | 320 | 320 | 21,598 | |||||
| Cash | 2,474,438 | 32,540 | 58,576 | 71,166 | 1,066 | 853 | 9,145 | 9,229 | 973 | 755 | 54 | 7,238 | 33,509 | 60,594 |
| misc current assets | ||||||||||||||
| total current assets | 11,909,513 | 2,514,500 | 1,455,193 | 100,527 | 104,849 | 14,848 | 14,858 | 14,942 | 22,571 | 32,136 | 110,594 | 41,217 | 136,792 | 98,188 |
| total assets | 11,929,222 | 2,516,054 | 1,457,647 | 102,981 | 107,303 | 17,302 | 16,559 | 16,643 | 23,372 | 32,937 | 111,395 | 41,217 | 136,792 | 98,188 |
| Bank overdraft | ||||||||||||||
| Bank loan | 50,000 | |||||||||||||
| Trade Creditors | 2,092,945 | 18,612 | 96,820 | 24,455 | 11,943 | 10,637 | ||||||||
| Group/Directors Accounts | 2,152,815 | 1,032,952 | 753 | 5,075 | 5,074 | 5,321 | 5,320 | 16,893 | ||||||
| other short term finances | 2,857 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 5,900,035 | 272,470 | 340,863 | 3,000 | 3,000 | 3,000 | 2,000 | 2,969 | 2,000 | |||||
| total current liabilities | 8,045,837 | 2,425,285 | 1,373,815 | 3,753 | 8,075 | 8,074 | 7,321 | 8,289 | 18,893 | 18,612 | 96,820 | 24,455 | 11,943 | 10,637 |
| loans | 79,167 | |||||||||||||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 79,167 | |||||||||||||
| total liabilities | 8,125,004 | 2,425,285 | 1,373,815 | 3,753 | 8,075 | 8,074 | 7,321 | 8,289 | 18,893 | 18,612 | 96,820 | 24,455 | 11,943 | 10,637 |
| net assets | 3,804,218 | 90,769 | 83,832 | 99,228 | 99,228 | 9,228 | 9,238 | 8,354 | 4,479 | 14,325 | 14,575 | 16,762 | 124,849 | 87,551 |
| total shareholders funds | 3,804,218 | 90,769 | 83,832 | 99,228 | 99,228 | 9,228 | 9,238 | 8,354 | 4,479 | 14,325 | 14,575 | 16,762 | 124,849 | 87,551 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,511,206 | |||||||||||||
| Depreciation | 9,195 | |||||||||||||
| Amortisation | ||||||||||||||
| Tax | -391,204 | |||||||||||||
| Stock | ||||||||||||||
| Debtors | 6,953,115 | 1,085,343 | 1,367,256 | -74,422 | 89,788 | 8,282 | -15,885 | -9,783 | -79,159 | 76,561 | -69,304 | 65,689 | 37,594 | |
| Creditors | 2,092,945 | -18,612 | -78,208 | 72,365 | 12,512 | 1,306 | 10,637 | |||||||
| Accruals and Deferred Income | 5,627,565 | -68,393 | 337,863 | 1,000 | -969 | 969 | 2,000 | |||||||
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 1,896,592 | |||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -1,554 | -900 | 753 | 900 | 801 | |||||||||
| cash flow from investments | 1,554 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 50,000 | |||||||||||||
| Group/Directors Accounts | -2,152,815 | 1,119,863 | 1,032,199 | -4,322 | 1 | -247 | 1 | -11,573 | 16,893 | |||||
| Other Short Term Loans | 2,857 | |||||||||||||
| Long term loans | 79,167 | |||||||||||||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | 17,736 | |||||||||||||
| cash flow from financing | 646,156 | |||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 2,441,898 | -26,036 | -12,590 | 70,100 | 213 | -8,292 | -84 | 8,256 | 218 | 701 | -7,184 | -26,271 | -27,085 | 60,594 |
| overdraft | ||||||||||||||
| change in cash | 2,441,898 | -26,036 | -12,590 | 70,100 | 213 | -8,292 | -84 | 8,256 | 218 | 701 | -7,184 | -26,271 | -27,085 | 60,594 |
grove solutions ltd. Credit Report and Business Information
Grove Solutions Ltd. Competitor Analysis
Perform a competitor analysis for grove solutions ltd. by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other mid companies, companies in N11 area or any other competitors across 12 key performance metrics.
grove solutions ltd. Ownership
GROVE SOLUTIONS LTD. group structure
Grove Solutions Ltd. has 2 subsidiary companies.
Ultimate parent company
GROVE SOLUTIONS LTD.
03786249
2 subsidiaries
grove solutions ltd. directors
Grove Solutions Ltd. currently has 3 directors. The longest serving directors include Mr James Vintin (Jul 2016) and Mr Ian Brown (Aug 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Vintin | United Kingdom | 51 years | Jul 2016 | - | Director |
| Mr Ian Brown | England | 61 years | Aug 2024 | - | Director |
| Mr Patrick McHale | United Kingdom | 37 years | Aug 2024 | - | Director |
P&L
December 2023turnover
14.5m
0%
operating profit
1.5m
0%
gross margin
33.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
3.8m
+40.91%
total assets
11.9m
+3.74%
cash
2.5m
+75.04%
net assets
Total assets minus all liabilities
Similar Companies
grove solutions ltd. company details
company number
03786249
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
June 1999
age
26
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2023
previous names
internet business ventures limited (December 2003)
accountant
-
auditor
RYECROFT GLENTON
address
unit 4, horizon trade park, ring way, london, N11 2NW
Bank
-
Legal Advisor
-
grove solutions ltd. Charges & Mortgages
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 grove solutions ltd.. Currently there are 2 open charges and 0 have been satisfied in the past.
grove solutions ltd. Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GROVE SOLUTIONS LTD.. This can take several minutes, an email will notify you when this has completed.
grove solutions ltd. Companies House Filings - See Documents
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