greig city academy
greig city academy Company Information
Company Number
04220486
Website
www.greigcityacademy.co.ukRegistered Address
greig city academy, high street, hornsey, london, N8 7NU
Industry
General secondary education
Telephone
02086090100
Next Accounts Due
May 2025
Group Structure
View All
Shareholders
-0%
greig city academy Estimated Valuation
Pomanda estimates the enterprise value of GREIG CITY ACADEMY at £8.2m based on a Turnover of £10.9m and 0.75x industry multiple (adjusted for size and gross margin).
greig city academy Estimated Valuation
Pomanda estimates the enterprise value of GREIG CITY ACADEMY at £1.4m based on an EBITDA of £265.5k and a 5.23x industry multiple (adjusted for size and gross margin).
greig city academy Estimated Valuation
Pomanda estimates the enterprise value of GREIG CITY ACADEMY at £20.2m based on Net Assets of £13.1m and 1.54x industry multiple (adjusted for liquidity).
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Greig City Academy Overview
Greig City Academy is a live company located in hornsey, N8 7NU with a Companies House number of 04220486. It operates in the general secondary education sector, SIC Code 85310. Founded in May 2001, it's largest shareholder is unknown. Greig City Academy is a mature, mid sized company, Pomanda has estimated its turnover at £10.9m with healthy growth in recent years.
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Greig City Academy Health Check
Pomanda's financial health check has awarded Greig City Academy a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £10.9m, make it larger than the average company (£8.8m)
£10.9m - Greig City Academy
£8.8m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (6.4%)
4% - Greig City Academy
6.4% - Industry AVG
Production
with a gross margin of 51.9%, this company has a comparable cost of product (51.9%)
51.9% - Greig City Academy
51.9% - Industry AVG
Profitability
an operating margin of -5.8% make it less profitable than the average company (6.3%)
-5.8% - Greig City Academy
6.3% - Industry AVG
Employees
with 132 employees, this is similar to the industry average (148)
132 - Greig City Academy
148 - Industry AVG
Pay Structure
on an average salary of £62.4k, the company has a higher pay structure (£41.6k)
£62.4k - Greig City Academy
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £82.5k, this is more efficient (£58.3k)
£82.5k - Greig City Academy
£58.3k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (0 days)
0 days - Greig City Academy
0 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (21 days)
14 days - Greig City Academy
21 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Greig City Academy
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 102 weeks, this is average cash available to meet short term requirements (102 weeks)
102 weeks - Greig City Academy
102 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 5.2%, this is a lower level of debt than the average (8.4%)
5.2% - Greig City Academy
8.4% - Industry AVG
GREIG CITY ACADEMY financials
Greig City Academy's latest turnover from August 2023 is £10.9 million and the company has net assets of £13.1 million. According to their latest financial statements, Greig City Academy has 132 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 10,884,000 | 10,047,000 | 9,730,000 | 9,545,000 | 9,221,000 | 9,281,000 | 8,958,000 | 9,508,000 | 9,751,000 | 10,125,000 | 9,643,000 | 9,100,000 | 9,236,000 | 8,498,000 | 8,078,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 103,000 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 99,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -560,000 | -1,504,000 | -2,069,000 | -1,617,000 | -1,547,000 | -1,215,000 | -1,403,000 | -1,394,000 | -1,309,000 | -647,000 | -552,000 | -626,000 | -32,000 | -737,000 | -1,162,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -560,000 | -1,504,000 | -2,069,000 | -1,617,000 | -1,547,000 | -1,215,000 | -1,403,000 | -1,394,000 | -1,309,000 | -647,000 | -552,000 | -626,000 | -32,000 | -737,000 | -1,162,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -560,000 | -1,504,000 | -2,069,000 | -1,617,000 | -1,547,000 | -1,215,000 | -1,403,000 | -1,394,000 | -1,309,000 | -647,000 | -552,000 | -626,000 | -32,000 | -737,000 | -1,162,000 |
| Employee Costs | 8,242,000 | 8,269,000 | 8,324,000 | 7,969,000 | 7,470,000 | 7,375,000 | 7,137,000 | 7,417,000 | 7,253,000 | 7,009,000 | 6,368,000 | 5,995,000 | 5,918,000 | 5,770,000 | 5,721,000 |
| Number Of Employees | 132 | 137 | 144 | 139 | 139 | 140 | 146 | 158 | 191 | 152 | 137 | 131 | 128 | 125 | 128 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 11,992,000 | 12,313,000 | 13,109,000 | 14,297,000 | 15,420,000 | 16,377,000 | 17,318,000 | 18,500,000 | 19,661,000 | 20,477,000 | 21,599,000 | 22,649,000 | 23,187,000 | 24,247,000 | 25,379,000 |
| Intangible Assets | 0 | 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 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 11,992,000 | 12,313,000 | 13,109,000 | 14,297,000 | 15,420,000 | 16,377,000 | 17,318,000 | 18,500,000 | 19,661,000 | 20,477,000 | 21,599,000 | 22,649,000 | 23,187,000 | 24,247,000 | 25,379,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 61,000 | 165,000 | 8,000 | 10,000 |
| Trade Debtors | 12,000 | 4,000 | 39,000 | 7,000 | 34,000 | 3,000 | 27,000 | 2,000 | 5,000 | 2,000 | 9,000 | 54,000 | 43,000 | 197,000 | 90,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 410,000 | 515,000 | 558,000 | 250,000 | 319,000 | 322,000 | 263,000 | 355,000 | 514,000 | 601,000 | 313,000 | 626,000 | 388,000 | 201,000 | 13,000 |
| Cash | 1,418,000 | 1,401,000 | 1,458,000 | 2,031,000 | 2,130,000 | 2,384,000 | 2,494,000 | 2,472,000 | 2,300,000 | 2,805,000 | 2,477,000 | 1,357,000 | 1,613,000 | 963,000 | 844,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,840,000 | 1,920,000 | 2,055,000 | 2,288,000 | 2,483,000 | 2,709,000 | 2,784,000 | 2,829,000 | 2,819,000 | 3,408,000 | 2,799,000 | 2,098,000 | 2,209,000 | 1,369,000 | 957,000 |
| total assets | 13,832,000 | 14,233,000 | 15,164,000 | 16,585,000 | 17,903,000 | 19,086,000 | 20,102,000 | 21,329,000 | 22,480,000 | 23,885,000 | 24,398,000 | 24,747,000 | 25,396,000 | 25,616,000 | 26,336,000 |
| Bank overdraft | 0 | 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 | 0 |
| Trade Creditors | 211,000 | 234,000 | 164,000 | 215,000 | 246,000 | 227,000 | 154,000 | 338,000 | 175,000 | 437,000 | 396,000 | 310,000 | 237,000 | 292,000 | 355,000 |
| Group/Directors Accounts | 0 | 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 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 508,000 | 403,000 | 416,000 | 288,000 | 326,000 | 280,000 | 434,000 | 316,000 | 357,000 | 323,000 | 286,000 | 234,000 | 346,000 | 539,000 | 384,000 |
| total current liabilities | 719,000 | 637,000 | 580,000 | 503,000 | 572,000 | 507,000 | 588,000 | 654,000 | 532,000 | 760,000 | 682,000 | 544,000 | 583,000 | 831,000 | 739,000 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 3,203,000 | 2,319,000 | 1,943,000 | 656,000 | 1,010,000 | 2,120,000 | 1,129,000 | 1,089,000 | 539,000 | 598,000 | 302,000 | 647,000 | 579,000 |
| total liabilities | 719,000 | 637,000 | 3,783,000 | 2,822,000 | 2,515,000 | 1,163,000 | 1,598,000 | 2,774,000 | 1,661,000 | 1,849,000 | 1,221,000 | 1,142,000 | 885,000 | 1,478,000 | 1,318,000 |
| net assets | 13,113,000 | 13,596,000 | 11,381,000 | 13,763,000 | 15,388,000 | 17,923,000 | 18,504,000 | 18,555,000 | 20,819,000 | 22,036,000 | 23,177,000 | 23,605,000 | 24,511,000 | 24,138,000 | 25,018,000 |
| total shareholders funds | 13,113,000 | 13,596,000 | 11,381,000 | 13,763,000 | 15,388,000 | 17,923,000 | 18,504,000 | 18,555,000 | 20,819,000 | 22,036,000 | 23,177,000 | 23,605,000 | 24,511,000 | 24,138,000 | 25,018,000 |
| Aug 2023 | Aug 2022 | Aug 2021 | Aug 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 896,000 | 1,223,000 | 1,471,000 | 1,258,000 | 1,251,000 | 1,207,000 | 1,202,000 | 1,230,000 | 1,237,000 | 1,325,000 | 1,311,000 | 1,314,000 | 1,351,000 | 1,290,000 | 1,331,000 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -61,000 | -104,000 | 157,000 | -2,000 | 10,000 |
| Debtors | -97,000 | -78,000 | 340,000 | -96,000 | 28,000 | 35,000 | -67,000 | -162,000 | -84,000 | 281,000 | -358,000 | 249,000 | 33,000 | 295,000 | 103,000 |
| Creditors | -23,000 | 70,000 | -51,000 | -31,000 | 19,000 | 73,000 | -184,000 | 163,000 | -262,000 | 41,000 | 86,000 | 73,000 | -55,000 | -63,000 | 355,000 |
| Accruals and Deferred Income | 105,000 | -13,000 | 128,000 | -38,000 | 46,000 | -154,000 | 118,000 | -41,000 | 34,000 | 37,000 | 52,000 | -112,000 | -193,000 | 155,000 | 384,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -170,000 | -261,000 | -753,000 | 48,000 | -79,000 | -177,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -170,000 | -261,000 | -753,000 | 48,000 | -79,000 | -177,000 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 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 | 0 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 0 | 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 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4,000 | 0 | 0 | 0 |
| cash flow from financing | 77,000 | 3,719,000 | -313,000 | -8,000 | -988,000 | 634,000 | 1,352,000 | -870,000 | 92,000 | -494,000 | 124,000 | -284,000 | 405,000 | -143,000 | 26,180,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 17,000 | -57,000 | -573,000 | -99,000 | -254,000 | -110,000 | 22,000 | 172,000 | -505,000 | 328,000 | 1,120,000 | -256,000 | 650,000 | 119,000 | 844,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 17,000 | -57,000 | -573,000 | -99,000 | -254,000 | -110,000 | 22,000 | 172,000 | -505,000 | 328,000 | 1,120,000 | -256,000 | 650,000 | 119,000 | 844,000 |
greig city academy Credit Report and Business Information
Greig City Academy Competitor Analysis
Perform a competitor analysis for greig city academy by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in N 8 area or any other competitors across 12 key performance metrics.
greig city academy Ownership
GREIG CITY ACADEMY group structure
Greig City Academy has no subsidiary companies.
Ultimate parent company
GREIG CITY ACADEMY
04220486
greig city academy directors
Greig City Academy currently has 15 directors. The longest serving directors include Mr Paul Sutton (Nov 2004) and Mrs Olna Manyan (Dec 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Paul Sutton | 66 years | Nov 2004 | - | Director | |
| Mrs Olna Manyan | 86 years | Dec 2009 | - | Director | |
| Ms Helen Drummond | 42 years | Sep 2011 | - | Director | |
| Mr Paul Vincent | 67 years | Sep 2012 | - | Director | |
| Mrs Jacqueline Miller | 60 years | Oct 2014 | - | Director | |
| Mrs Petal Kaddu | 56 years | Sep 2016 | - | Director | |
| Mr Hugh Reynolds | 66 years | Jan 2017 | - | Director | |
| Mr Oliver Scoullar-Greig | England | 43 years | Feb 2017 | - | Director |
| Ms Andrea Henry | England | 51 years | Sep 2018 | - | Director |
| Ms Jasmyn Ross | 47 years | Feb 2019 | - | Director |
P&L
August 2023turnover
10.9m
+8%
operating profit
-630.5k
0%
gross margin
52%
+5.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
August 2023net assets
13.1m
-0.04%
total assets
13.8m
-0.03%
cash
1.4m
+0.01%
net assets
Total assets minus all liabilities
greig city academy company details
company number
04220486
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
85310 - General secondary education
incorporation date
May 2001
age
23
incorporated
UK
accounts
Full Accounts
ultimate parent company
previous names
first city academy (July 2001)
last accounts submitted
August 2023
address
greig city academy, high street, hornsey, london, N8 7NU
accountant
-
auditor
UHY HACKER YOUNG
greig city academy 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 did not find charges/mortgages relating to greig city academy.
greig city academy Companies House Filings - See Documents
| date | description | view/download |
|---|
