national grid property holdings limited
national grid property holdings limited Company Information
Company Number
03797578
Website
www.nationalgrid.comRegistered Address
1-3 strand, london, WC2N 5EH
Industry
Development of building projects
Telephone
02070043000
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
national grid commercial holdings ltd 100%
national grid property holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL GRID PROPERTY HOLDINGS LIMITED at £3.4m based on a Turnover of £6.6m and 0.52x industry multiple (adjusted for size and gross margin).
national grid property holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL GRID PROPERTY HOLDINGS LIMITED at £0 based on an EBITDA of £-9.7m and a 3.92x industry multiple (adjusted for size and gross margin).
national grid property holdings limited Estimated Valuation
Pomanda estimates the enterprise value of NATIONAL GRID PROPERTY HOLDINGS LIMITED at £278m based on Net Assets of £213m and 1.31x industry multiple (adjusted for liquidity).
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National Grid Property Holdings Limited Overview
National Grid Property Holdings Limited is a live company located in london, WC2N 5EH with a Companies House number of 03797578. It operates in the development of building projects sector, SIC Code 41100. Founded in June 1999, it's largest shareholder is national grid commercial holdings ltd with a 100% stake. National Grid Property Holdings Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.6m with declining growth in recent years.
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National Grid Property Holdings Limited Health Check
Pomanda's financial health check has awarded National Grid Property Holdings Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £6.6m, make it larger than the average company (£2.1m)
£6.6m - National Grid Property Holdings Limited
£2.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -4%, show it is growing at a slower rate (2%)
-4% - National Grid Property Holdings Limited
2% - Industry AVG
Production
with a gross margin of 25.7%, this company has a comparable cost of product (25.7%)
25.7% - National Grid Property Holdings Limited
25.7% - Industry AVG
Profitability
an operating margin of -163.3% make it less profitable than the average company (8.8%)
-163.3% - National Grid Property Holdings Limited
8.8% - Industry AVG
Employees
with 36 employees, this is above the industry average (6)
36 - National Grid Property Holdings Limited
6 - Industry AVG
Pay Structure
on an average salary of £73.3k, the company has a higher pay structure (£47.1k)
£73.3k - National Grid Property Holdings Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £183.4k, this is less efficient (£277.9k)
£183.4k - National Grid Property Holdings Limited
£277.9k - Industry AVG
Debtor Days
it gets paid by customers after 9 days, this is earlier than average (28 days)
9 days - National Grid Property Holdings Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 213 days, this is slower than average (31 days)
213 days - National Grid Property Holdings Limited
31 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - National Grid Property Holdings Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (13 weeks)
0 weeks - National Grid Property Holdings Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 44.1%, this is a lower level of debt than the average (74.9%)
44.1% - National Grid Property Holdings Limited
74.9% - Industry AVG
national grid property holdings limited Credit Report and Business Information
National Grid Property Holdings Limited Competitor Analysis
Perform a competitor analysis for national grid property holdings limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
national grid property holdings limited Ownership
NATIONAL GRID PROPERTY HOLDINGS LIMITED group structure
National Grid Property Holdings Limited has 5 subsidiary companies.
Ultimate parent company
2 parents
NATIONAL GRID PROPERTY HOLDINGS LIMITED
03797578
5 subsidiaries
national grid property holdings limited directors
National Grid Property Holdings Limited currently has 4 directors. The longest serving directors include Mr Prem Gabbi (Oct 2016) and Mr Philip Edwards (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Prem Gabbi | 55 years | Oct 2016 | - | Director | |
| Mr Philip Edwards | England | 53 years | May 2017 | - | Director |
| Mr Benjamin Gaunt | United Kingdom | 39 years | Jul 2020 | - | Director |
| Mr Alistair Todd | 48 years | Sep 2023 | - | Director |
NATIONAL GRID PROPERTY HOLDINGS LIMITED financials
National Grid Property Holdings Limited's latest turnover from March 2023 is £6.6 million and the company has net assets of £213 million. According to their latest financial statements, National Grid Property Holdings Limited has 36 employees and maintains cash reserves of £1.2 million 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 | 6,602,000 | 6,681,000 | 7,182,000 | 7,565,000 | 6,008,000 | 6,906,000 | 6,861,000 | 9,533,000 | 12,878,000 | 14,546,000 | 16,621,000 | 14,083,000 | 10,986,000 | 10,539,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | -10,779,000 | -39,021,000 | -12,862,000 | -6,947,000 | -4,804,000 | -15,944,000 | -21,148,000 | -17,580,000 | -5,686,000 | -6,760,000 | -7,582,000 | -9,541,000 | -12,404,000 | -28,625,000 |
| Interest Payable | 4,018,000 | 1,460,000 | 1,556,000 | 4,209,000 | 2,892,000 | 2,314,000 | 7,432,000 | 3,608,000 | 3,374,000 | 3,203,000 | 3,238,000 | 3,670,000 | 4,415,000 | 2,080,000 |
| Interest Receivable | 4,334,000 | 306,000 | 246,000 | 1,665,000 | 978,000 | 141,000 | 258,000 | 110,000 | 10,000 | 8,000 | 20,000 | 0 | 0 | 3,000 |
| Pre-Tax Profit | 175,982,000 | -27,640,000 | -8,204,000 | 146,749,000 | -1,185,000 | -10,545,000 | -29,555,000 | -17,038,000 | 19,567,000 | -7,796,000 | -8,858,000 | -9,038,000 | -15,825,000 | -30,702,000 |
| Tax | -55,000 | 10,151,000 | 314,000 | 1,504,000 | -866,000 | -3,894,000 | 8,971,000 | 644,000 | 1,068,000 | -115,000 | -4,605,000 | 1,137,000 | 174,000 | 10,051,000 |
| Profit After Tax | 175,927,000 | -17,489,000 | -7,890,000 | 148,253,000 | -2,051,000 | -14,439,000 | -20,584,000 | -16,394,000 | 20,635,000 | -7,911,000 | -13,463,000 | -7,901,000 | -15,651,000 | -20,651,000 |
| Dividends Paid | 185,580,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -9,653,000 | -17,489,000 | -7,890,000 | 148,253,000 | -2,051,000 | -14,439,000 | -20,584,000 | -16,394,000 | 20,635,000 | -7,911,000 | -13,463,000 | -7,901,000 | -15,651,000 | -20,651,000 |
| Employee Costs | 2,639,000 | 3,547,000 | 3,767,000 | 3,894,000 | 3,284,000 | 2,796,000 | 2,388,000 | 2,993,000 | 2,968,000 | 2,514,000 | 3,457,000 | 3,382,000 | 4,309,000 | 5,108,000 |
| Number Of Employees | 36 | 45 | 46 | 45 | 43 | 42 | 42 | 45 | 40 | 40 | 44 | 50 | 55 | 68 |
| EBITDA* | -9,698,000 | -35,303,000 | -10,336,000 | -4,637,000 | -3,990,000 | -15,190,000 | -20,532,000 | -17,058,000 | -5,111,000 | -6,197,000 | -7,188,000 | -9,358,000 | -12,211,000 | -28,371,000 |
* 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 | 17,771,000 | 46,427,000 | 51,076,000 | 48,749,000 | 46,839,000 | 47,778,000 | 58,088,000 | 17,206,000 | 14,110,000 | 67,712,000 | 65,670,000 | 67,574,000 | 7,774,000 | 7,403,000 |
| Intangible Assets | 0 | 0 | 0 | 94,000 | 281,000 | 469,000 | 657,000 | 0 | 0 | 0 | 0 | 31,000 | 0 | 0 |
| Investments & Other | 55,962,000 | 219,958,000 | 214,423,000 | 149,911,000 | 150,401,000 | 151,441,000 | 157,581,000 | 158,079,000 | 158,578,000 | 8,740,000 | 8,740,000 | 8,740,000 | 8,740,000 | 0 |
| Debtors (Due After 1 year) | 30,364,000 | 10,629,000 | 1,895,000 | 1,764,000 | 2,725,000 | 4,292,000 | 9,971,000 | 5,763,000 | 7,475,000 | 15,315,000 | 14,358,000 | 17,294,000 | 20,753,000 | 23,715,000 |
| Total Fixed Assets | 104,097,000 | 277,014,000 | 267,394,000 | 200,518,000 | 200,246,000 | 203,980,000 | 226,297,000 | 181,048,000 | 180,163,000 | 91,767,000 | 88,768,000 | 93,639,000 | 37,267,000 | 31,118,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 178,000 | 793,000 | 1,758,000 | 994,000 | 485,000 | 676,000 | 1,639,000 | 13,688,000 | 778,000 | 933,000 | 637,000 | 568,000 | 1,746,000 | 1,653,000 |
| Group Debtors | 271,618,000 | 108,337,000 | 135,417,000 | 156,424,000 | 127,244,000 | 117,800,000 | 870,360,000 | 507,640,000 | 241,144,000 | 591,862,000 | 559,568,000 | 480,512,000 | 479,233,000 | 438,820,000 |
| Misc Debtors | 2,138,000 | 1,252,000 | 1,992,000 | 1,216,000 | 1,739,000 | 119,000 | 5,331,000 | 5,113,000 | 3,020,000 | 2,900,000 | 6,003,000 | 18,326,000 | 7,719,000 | 8,724,000 |
| Cash | 1,163,000 | 5,948,000 | 349,000 | 564,000 | 7,395,000 | 2,480,000 | 8,534,000 | 648,000 | 194,000 | 166,000 | 1,393,000 | 3,256,000 | 1,826,000 | 1,828,000 |
| misc current assets | 1,753,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 276,850,000 | 116,330,000 | 139,516,000 | 159,198,000 | 136,863,000 | 121,075,000 | 885,864,000 | 527,089,000 | 245,136,000 | 595,861,000 | 567,601,000 | 502,662,000 | 490,524,000 | 451,025,000 |
| total assets | 380,947,000 | 393,344,000 | 406,910,000 | 359,716,000 | 337,109,000 | 325,055,000 | 1,112,161,000 | 708,137,000 | 425,299,000 | 687,628,000 | 656,369,000 | 596,301,000 | 527,791,000 | 482,143,000 |
| Bank overdraft | 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 |
| Trade Creditors | 2,871,000 | 1,798,000 | 1,518,000 | 3,240,000 | 2,778,000 | 1,902,000 | 3,043,000 | 5,566,000 | 3,862,000 | 2,793,000 | 2,325,000 | 5,561,000 | 4,917,000 | 1,089,000 |
| Group/Directors Accounts | 79,610,000 | 81,188,000 | 100,690,000 | 102,484,000 | 212,286,000 | 167,467,000 | 923,536,000 | 566,259,000 | 265,828,000 | 555,180,000 | 522,133,000 | 435,778,000 | 347,831,000 | 270,811,000 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 70,000 | 89,000 | 1,807,000 | 1,742,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 8,373,000 | 12,810,000 | 15,024,000 | 8,410,000 | 23,577,000 | 17,128,000 | 12,478,000 | 11,210,000 | 9,309,000 | 5,180,000 | 7,206,000 | 7,907,000 | 7,916,000 | 9,012,000 |
| total current liabilities | 90,924,000 | 95,885,000 | 119,039,000 | 115,876,000 | 238,641,000 | 186,497,000 | 939,057,000 | 583,035,000 | 278,999,000 | 563,153,000 | 531,664,000 | 449,246,000 | 360,664,000 | 280,912,000 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 33,000 | 500,000 | 1,140,000 | 2,336,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,569,000 | 2,027,000 | 5,242,000 | 31,271,000 | 31,271,000 | 52,683,000 | 60,641,000 | 6,404,000 | 13,328,000 | 4,507,000 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,628,000 | 2,511,000 | 0 | 0 | 0 | 0 |
| provisions | 75,405,000 | 72,719,000 | 52,093,000 | 48,943,000 | 54,237,000 | 70,929,000 | 83,129,000 | 68,852,000 | 65,148,000 | 67,923,000 | 67,424,000 | 76,471,000 | 88,839,000 | 107,711,000 |
| total long term liabilities | 77,007,000 | 75,246,000 | 58,475,000 | 82,550,000 | 85,508,000 | 123,612,000 | 143,770,000 | 75,256,000 | 80,104,000 | 74,941,000 | 67,424,000 | 76,471,000 | 88,839,000 | 107,711,000 |
| total liabilities | 167,931,000 | 171,131,000 | 177,514,000 | 198,426,000 | 324,149,000 | 310,109,000 | 1,082,827,000 | 658,291,000 | 359,103,000 | 638,094,000 | 599,088,000 | 525,717,000 | 449,503,000 | 388,623,000 |
| net assets | 213,016,000 | 222,213,000 | 229,396,000 | 161,290,000 | 12,960,000 | 14,946,000 | 29,334,000 | 49,846,000 | 66,196,000 | 49,534,000 | 57,281,000 | 70,584,000 | 78,288,000 | 93,520,000 |
| total shareholders funds | 213,016,000 | 222,213,000 | 229,396,000 | 161,290,000 | 12,960,000 | 14,946,000 | 29,334,000 | 49,846,000 | 66,196,000 | 49,534,000 | 57,281,000 | 70,584,000 | 78,288,000 | 93,520,000 |
| 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 | -10,779,000 | -39,021,000 | -12,862,000 | -6,947,000 | -4,804,000 | -15,944,000 | -21,148,000 | -17,580,000 | -5,686,000 | -6,760,000 | -7,582,000 | -9,541,000 | -12,404,000 | -28,625,000 |
| Depreciation | 1,081,000 | 3,718,000 | 2,432,000 | 2,123,000 | 626,000 | 566,000 | 507,000 | 522,000 | 575,000 | 563,000 | 363,000 | 180,000 | 193,000 | 254,000 |
| Amortisation | 0 | 0 | 94,000 | 187,000 | 188,000 | 188,000 | 109,000 | 0 | 0 | 0 | 31,000 | 3,000 | 0 | 0 |
| Tax | -55,000 | 10,151,000 | 314,000 | 1,504,000 | -866,000 | -3,894,000 | 8,971,000 | 644,000 | 1,068,000 | -115,000 | -4,605,000 | 1,137,000 | 174,000 | 10,051,000 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 183,287,000 | -20,051,000 | -19,336,000 | 28,205,000 | 9,306,000 | -764,414,000 | 355,097,000 | 279,787,000 | -358,593,000 | 30,444,000 | 63,866,000 | 7,249,000 | 36,539,000 | 472,912,000 |
| Creditors | 1,073,000 | 280,000 | -1,722,000 | 462,000 | 876,000 | -1,141,000 | -2,523,000 | 1,704,000 | 1,069,000 | 468,000 | -3,236,000 | 644,000 | 3,828,000 | 1,089,000 |
| Accruals and Deferred Income | -4,895,000 | -5,429,000 | -19,415,000 | -15,167,000 | -14,963,000 | -3,308,000 | 55,505,000 | -5,023,000 | 12,950,000 | 2,481,000 | -701,000 | -9,000 | -1,096,000 | 9,012,000 |
| Deferred Taxes & Provisions | 2,686,000 | 20,626,000 | 3,150,000 | -5,294,000 | -16,692,000 | -12,200,000 | 14,277,000 | 3,704,000 | -2,775,000 | 499,000 | -9,047,000 | -12,368,000 | -18,872,000 | 107,711,000 |
| Cash flow from operations | -194,176,000 | 10,376,000 | -8,673,000 | -51,337,000 | -44,941,000 | 728,681,000 | -299,399,000 | -295,816,000 | 365,794,000 | -33,308,000 | -88,643,000 | -27,203,000 | -64,716,000 | -373,420,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | -163,996,000 | 5,535,000 | 64,512,000 | -490,000 | -1,040,000 | -6,140,000 | -498,000 | -499,000 | 149,838,000 | 0 | 0 | 0 | 8,740,000 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -1,578,000 | -19,502,000 | -1,794,000 | -109,802,000 | 44,819,000 | -756,069,000 | 357,277,000 | 300,431,000 | -289,352,000 | 33,047,000 | 86,355,000 | 87,947,000 | 77,020,000 | 270,811,000 |
| 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 | -486,000 | -2,358,000 | -1,131,000 | 4,078,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,628,000 | -883,000 | 2,511,000 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 316,000 | -1,154,000 | -1,310,000 | -2,544,000 | -1,914,000 | -2,173,000 | -7,174,000 | -3,498,000 | -3,364,000 | -3,195,000 | -3,218,000 | -3,670,000 | -4,415,000 | -2,077,000 |
| cash flow from financing | -1,292,000 | -12,708,000 | 71,761,000 | -108,191,000 | 42,970,000 | -758,191,000 | 350,175,000 | 295,349,000 | -297,572,000 | 32,527,000 | 83,297,000 | 84,474,000 | 73,024,000 | 382,905,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -4,785,000 | 5,599,000 | -215,000 | -6,831,000 | 4,915,000 | -6,054,000 | 7,886,000 | 454,000 | 28,000 | -1,227,000 | -1,863,000 | 1,430,000 | -2,000 | 1,828,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -4,785,000 | 5,599,000 | -215,000 | -6,831,000 | 4,915,000 | -6,054,000 | 7,886,000 | 454,000 | 28,000 | -1,227,000 | -1,863,000 | 1,430,000 | -2,000 | 1,828,000 |
P&L
March 2023turnover
6.6m
-1%
operating profit
-10.8m
-72%
gross margin
25.8%
+8.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
213m
-0.04%
total assets
380.9m
-0.03%
cash
1.2m
-0.8%
net assets
Total assets minus all liabilities
national grid property holdings limited company details
company number
03797578
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
June 1999
age
25
accounts
Full Accounts
ultimate parent company
previous names
secondsite property holdings limited (October 2005)
lattice property holdings limited (October 2002)
See moreincorporated
UK
address
1-3 strand, london, WC2N 5EH
last accounts submitted
March 2023
national grid property holdings limited 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 1 charges/mortgages relating to national grid property holdings limited. Currently there are 0 open charges and 1 have been satisfied in the past.
national grid property holdings limited Companies House Filings - See Documents
| date | description | view/download |
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