grainger finance company limited

3.5

grainger finance company limited Company Information

Share GRAINGER FINANCE COMPANY LIMITED
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MatureMegaLow

Company Number

03798495

Registered Address

citygate, saint james boulevard, newcastle upon tyne, NE1 4JE

Industry

Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

 

Telephone

01912611819

Next Accounts Due

June 2025

Group Structure

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Directors

Helen Gordon8 Years

Adam McGhin7 Years

View All

Shareholders

grainger plc 100%

grainger finance company limited Estimated Valuation

£295.8m

Pomanda estimates the enterprise value of GRAINGER FINANCE COMPANY LIMITED at £295.8m based on a Turnover of £125.2m and 2.36x industry multiple (adjusted for size and gross margin).

grainger finance company limited Estimated Valuation

£398.2m

Pomanda estimates the enterprise value of GRAINGER FINANCE COMPANY LIMITED at £398.2m based on an EBITDA of £41m and a 9.71x industry multiple (adjusted for size and gross margin).

grainger finance company limited Estimated Valuation

£162.9m

Pomanda estimates the enterprise value of GRAINGER FINANCE COMPANY LIMITED at £162.9m based on Net Assets of £84.6m and 1.93x industry multiple (adjusted for liquidity).

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Grainger Finance Company Limited Overview

Grainger Finance Company Limited is a live company located in newcastle upon tyne, NE1 4JE with a Companies House number of 03798495. It operates in the financial intermediation not elsewhere classified sector, SIC Code 64999. Founded in June 1999, it's largest shareholder is grainger plc with a 100% stake. Grainger Finance Company Limited is a mature, mega sized company, Pomanda has estimated its turnover at £125.2m with low growth in recent years.

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Grainger Finance Company Limited Health Check

Pomanda's financial health check has awarded Grainger Finance Company Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £125.2m, make it larger than the average company (£4.7m)

£125.2m - Grainger Finance Company Limited

£4.7m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.3%)

2% - Grainger Finance Company Limited

4.3% - Industry AVG

production

Production

with a gross margin of 35.6%, this company has a higher cost of product (60.7%)

35.6% - Grainger Finance Company Limited

60.7% - Industry AVG

profitability

Profitability

an operating margin of 32.8% make it more profitable than the average company (10.7%)

32.8% - Grainger Finance Company Limited

10.7% - Industry AVG

employees

Employees

with 584 employees, this is above the industry average (14)

584 - Grainger Finance Company Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £78.5k, the company has an equivalent pay structure (£78.5k)

£78.5k - Grainger Finance Company Limited

£78.5k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £214.4k, this is equally as efficient (£214.7k)

£214.4k - Grainger Finance Company Limited

£214.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 0 days, this is earlier than average (30 days)

0 days - Grainger Finance Company Limited

30 days - Industry AVG

creditordays

Creditor Days

There is insufficient data available for this Key Performance Indicator!

- - Grainger Finance Company Limited

- - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 117 days, this is more than average (31 days)

117 days - Grainger Finance Company Limited

31 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (38 weeks)

0 weeks - Grainger Finance Company Limited

38 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 92.9%, this is a higher level of debt than the average (57%)

92.9% - Grainger Finance Company Limited

57% - Industry AVG

GRAINGER FINANCE COMPANY LIMITED financials

EXPORTms excel logo

Grainger Finance Company Limited's latest turnover from September 2023 is £125.2 million and the company has net assets of £84.6 million. According to their latest financial statements, we estimate that Grainger Finance Company Limited has 584 employees and maintains cash reserves of £13.2 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Turnover125,203,00094,814,000122,623,000118,036,000113,519,00097,796,00098,976,000111,858,000112,748,000101,371,000140,104,000118,158,00052,935,00094,837,00043,187,408
Other Income Or Grants000000000000000
Cost Of Sales80,698,00075,999,00098,537,00093,916,00089,892,00070,235,00071,160,000103,452,00096,485,000104,505,000108,398,000109,040,00091,432,000108,963,000115,921,066
Gross Profit44,505,00018,815,00024,086,00024,120,00023,627,00027,561,00027,816,0008,406,00016,263,000-3,134,00031,706,0009,118,000-38,497,000-14,126,000-72,733,658
Admin Expenses3,499,0001,117,0003,701,0002,768,0002,059,0001,748,0002,489,0002,342,0003,096,0001,185,0001,530,0001,200,0001,651,000-378,0004,519
Operating Profit41,006,00017,698,00020,385,00021,352,00021,568,00025,813,00025,327,0006,064,00013,167,000-4,319,00030,176,0007,918,000-40,148,000-13,748,000-72,738,177
Interest Payable13,994,000003,571,00013,500,00010,000025,329,1560000000
Interest Receivable5,00036,641,00013,112,000001,373,0006,562,0004,303,0000000000
Pre-Tax Profit45,940,00056,044,00037,283,00019,153,00097,521,00034,048,00033,595,00010,300,00029,495,000-837,00032,652,000189,717,0005,083,000-7,638,000-88,531,177
Tax-4,047,000-16,572,000-6,550,000-3,081,000-18,456,000-5,136,000-6,055,000-1,944,000-5,737,000950,000-7,092,000-1,979,0006,405,0004,203,00024,788,730
Profit After Tax41,893,00039,472,00030,733,00016,072,00079,065,00028,912,00027,540,0008,356,00023,758,000113,00025,560,000187,738,00011,488,000-3,435,000-63,742,447
Dividends Paid425,000,00035,000,00000111,594,00083,654,000000000000
Retained Profit-383,107,0004,472,00030,733,00016,072,000-32,529,000-54,742,00027,540,0008,356,00023,758,000113,00025,560,000187,738,00011,488,000-3,435,000-63,742,447
Employee Costs45,825,31232,168,79442,711,00040,844,23038,690,80432,512,30733,775,96138,118,02935,014,92430,843,30344,098,88732,761,94116,244,87630,337,3630
Number Of Employees5844506195935664865256105955267515842895530
EBITDA*41,006,00017,698,00020,385,00021,352,00021,568,00025,813,00025,327,0006,064,00013,167,000-4,319,00030,176,0007,918,000-40,148,000-13,748,000-72,738,177

* Earnings Before Interest, Tax, Depreciation and Amortisation

Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Tangible Assets000000000000000
Intangible Assets000000000000000
Investments & Other171,217,000172,356,000172,356,000182,441,000182,441,000249,671,000249,671,000256,400,000314,210,000313,270,000300,994,000313,387,000875,178,000883,510,000880,452,891
Debtors (Due After 1 year)000000000944,271,00000000
Total Fixed Assets171,217,000172,356,000172,356,000182,441,000182,441,000249,671,000249,671,000256,400,000314,210,0001,257,541,000300,994,000313,387,000875,178,000883,510,000880,452,891
Stock & work in progress26,015,00033,690,00035,007,00038,629,00043,689,00048,579,00054,185,00058,135,00060,567,00046,870,00041,379,00044,333,00038,096,00043,516,00012,444,885
Trade Debtors151,00002,149,000810,00050,00072,0002,578,00051,00069,00048,00010,00053,00043,00076,000429,583,085
Group Debtors915,963,0001,918,348,0002,476,519,0002,165,458,0002,178,962,0001,845,530,0001,947,054,0001,798,240,0001,886,566,000804,091,0001,836,597,0001,733,302,0001,176,692,000994,374,0000
Misc Debtors63,155,00068,574,00018,827,00022,537,00020,429,00018,128,00016,084,00014,052,00013,138,0008,906,00013,278,00013,323,0009,674,0007,639,0000
Cash13,183,0005,055,00010,156,00096,488,0004,338,00017,690,0007,772,0000153,0001,700,00011,563,0002,673,0009,959,00051,503,0004,478,538
misc current assets000000000000000
total current assets1,018,467,0002,025,667,0002,542,658,0002,323,922,0002,247,468,0001,929,999,0002,027,673,0001,870,478,0001,960,493,000861,615,0001,902,827,0001,793,684,0001,234,464,0001,097,108,000446,506,508
total assets1,189,684,0002,198,023,0002,715,014,0002,506,363,0002,429,909,0002,179,670,0002,277,344,0002,126,878,0002,274,703,0002,119,156,0002,203,821,0002,107,071,0002,109,642,0001,980,618,0001,326,959,399
Bank overdraft00000004,129,0007,951,00030,419,0002,604,0003,222,00083,458,00000
Bank loan0000000000000274,000423,772
Trade Creditors 017,00000356,00048,000021,00019,000044,000140,000000
Group/Directors Accounts748,548,0001,542,570,0002,078,741,0001,841,612,0001,701,293,0001,480,213,0001,412,373,0001,338,598,0001,306,061,0001,200,014,0001,145,524,000904,923,000928,577,000845,469,000283,965,377
other short term finances004,140,00017,252,00014,884,0003,156,0004,144,0009,528,00013,830,000000000
hp & lease commitments000000000000000
other current liabilities1,171,0001,071,000844,000852,0001,017,0001,239,0001,138,000925,0001,492,0002,310,0002,845,00026,778,00018,256,0004,345,00025,547,344
total current liabilities749,719,0001,543,658,0002,083,725,0001,859,716,0001,717,550,0001,484,656,0001,417,655,0001,353,201,0001,329,353,0001,232,743,0001,151,017,000935,063,0001,030,291,000850,088,000309,936,493
loans353,609,000178,570,000168,071,000214,162,000295,946,000246,072,000356,005,000297,533,000477,562,000420,753,000587,257,000732,021,000827,102,0001,049,769,0001,182,827,193
hp & lease commitments000000000000000
Accruals and Deferred Income000000000000000
other liabilities000000000000000
provisions1,773,0008,105,0000000000000000
total long term liabilities355,382,000186,675,000168,071,000214,162,000295,946,000246,072,000356,005,000297,533,000477,562,000420,753,000587,257,000732,021,000827,102,0001,049,769,0001,182,827,193
total liabilities1,105,101,0001,730,333,0002,251,796,0002,073,878,0002,013,496,0001,730,728,0001,773,660,0001,650,734,0001,806,915,0001,653,496,0001,738,274,0001,667,084,0001,857,393,0001,899,857,0001,492,763,686
net assets84,583,000467,690,000463,218,000432,485,000416,413,000448,942,000503,684,000476,144,000467,788,000465,660,000465,547,000439,987,000252,249,00080,761,000-165,804,287
total shareholders funds84,583,000467,690,000463,218,000432,485,000416,413,000448,942,000503,684,000476,144,000467,788,000465,660,000465,547,000439,987,000252,249,00080,761,000-165,804,287
Sep 2023Sep 2022Sep 2021Sep 2020Sep 2019Sep 2018Sep 2017Sep 2016Sep 2015Sep 2014Sep 2013Sep 2012Sep 2011Sep 2010Sep 2009
Operating Activities
Operating Profit41,006,00017,698,00020,385,00021,352,00021,568,00025,813,00025,327,0006,064,00013,167,000-4,319,00030,176,0007,918,000-40,148,000-13,748,000-72,738,177
Depreciation000000000000000
Amortisation000000000000000
Tax-4,047,000-16,572,000-6,550,000-3,081,000-18,456,000-5,136,000-6,055,000-1,944,000-5,737,000950,000-7,092,000-1,979,0006,405,0004,203,00024,788,730
Stock-7,675,000-1,317,000-3,622,000-5,060,000-4,890,000-5,606,000-3,950,000-2,432,00013,697,0005,491,000-2,954,0006,237,000-5,420,00031,071,11512,444,885
Debtors-1,007,653,000-510,573,000308,690,000-10,636,000335,711,000-101,986,000153,373,000-87,430,000142,457,000-92,569,000103,207,000560,269,000184,320,000572,505,915429,583,085
Creditors-17,00017,0000-356,000308,00048,000-21,0002,00019,000-44,000-96,000140,000000
Accruals and Deferred Income100,000227,000-8,000-165,000-222,000101,000213,000-567,000-818,000-535,000-23,933,0008,522,00013,911,000-21,202,34425,547,344
Deferred Taxes & Provisions-6,332,0008,105,0000000000000000
Cash flow from operations1,046,038,000521,365,000-291,241,00033,446,000-327,623,000128,418,000-129,959,00093,417,000-149,523,00083,130,000-101,198,000-551,905,000-198,732,000-634,324,374-464,430,073
Investing Activities
capital expenditure000000000000000
Change in Investments-1,139,0000-10,085,0000-67,230,0000-6,729,000-57,810,000940,00012,276,000-12,393,000-561,791,000-8,332,0003,057,109880,452,891
cash flow from investments1,139,000010,085,000067,230,00006,729,00057,810,000-940,000-12,276,00012,393,000561,791,0008,332,000-3,057,109-880,452,891
Financing Activities
Bank loans000000000000-274,000-149,772423,772
Group/Directors Accounts-794,022,000-536,171,000237,129,000140,319,000221,080,00067,840,00073,775,00032,537,000106,047,00054,490,000240,601,000-23,654,00083,108,000561,503,623283,965,377
Other Short Term Loans 0-4,140,000-13,112,0002,368,00011,728,000-988,000-5,384,000-4,302,00013,830,000000000
Long term loans175,039,00010,499,000-46,091,000-81,784,00049,874,000-109,933,00058,472,000-180,029,00056,809,000-166,504,000-144,764,000-95,081,000-222,667,000-133,058,1931,182,827,193
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue00000000-21,630,000000160,000,000250,000,287-102,061,840
interest-13,989,00036,641,00013,112,000-3,571,000-13,500,0001,363,0006,562,000-21,026,1560000000
cash flow from financing-632,972,000-493,171,000191,038,00057,332,000269,182,000-41,718,000133,425,000-172,820,156155,056,000-112,014,00095,837,000-118,735,00020,167,000678,295,9451,365,154,502
cash and cash equivalents
cash8,128,000-5,101,000-86,332,00092,150,000-13,352,0009,918,0007,772,000-153,000-1,547,000-9,863,0008,890,000-7,286,000-41,544,00047,024,4624,478,538
overdraft000000-4,129,000-3,822,000-22,468,00027,815,000-618,000-80,236,00083,458,00000
change in cash8,128,000-5,101,000-86,332,00092,150,000-13,352,0009,918,00011,901,0003,669,00020,921,000-37,678,0009,508,00072,950,000-125,002,00047,024,4624,478,538

grainger finance company limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Grainger Finance Company Limited Competitor Analysis

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grainger finance company limited Ownership

GRAINGER FINANCE COMPANY LIMITED group structure

Grainger Finance Company Limited has 1 subsidiary company.

Ultimate parent company

IRG

#0147414

2 parents

GRAINGER FINANCE COMPANY LIMITED

03798495

1 subsidiary

GRAINGER FINANCE COMPANY LIMITED Shareholders

grainger plc 100%

grainger finance company limited directors

Grainger Finance Company Limited currently has 6 directors. The longest serving directors include Ms Helen Gordon (Dec 2015) and Mr Adam McGhin (Sep 2016).

officercountryagestartendrole
Ms Helen Gordon65 years Dec 2015- Director
Mr Adam McGhinUnited Kingdom46 years Sep 2016- Director
Mrs Eliza PattinsonUnited Kingdom50 years Apr 2019- Director
Mr Robert Hudson51 years Oct 2021- Director
Mr Steven ClarkEngland45 years Mar 2022- Director
Mr Henry Gervaise-JonesEngland44 years Nov 2022- Director

P&L

September 2023

turnover

125.2m

+32%

operating profit

41m

+132%

gross margin

35.6%

+79.13%

turnover

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

Balance Sheet

September 2023

net assets

84.6m

-0.82%

total assets

1.2b

-0.46%

cash

13.2m

+1.61%

net assets

Total assets minus all liabilities

grainger finance company limited company details

company number

03798495

Type

Private limited with Share Capital

industry

64999 - Other financial service activities, except insurance and pension funding, (not including security dealing on own account and factoring) n.e.c.

incorporation date

June 1999

age

25

accounts

Full Accounts

ultimate parent company

IRG

previous names

crossco (418) limited (July 1999)

incorporated

UK

address

citygate, saint james boulevard, newcastle upon tyne, NE1 4JE

last accounts submitted

September 2023

grainger finance company 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 6 charges/mortgages relating to grainger finance company limited. Currently there are 6 open charges and 0 have been satisfied in the past.

charges

grainger finance company limited Companies House Filings - See Documents

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