Groveley Precision Engineering Limited

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groveley precision engineering limited Company Information

Live

MatureSmallDeclining

Company Number

04653522

Website

www.groveley.co.uk

Registered Address

anchor works, groveley road, christchurch, dorset, BH23 3HB

Industry

Manufacture of other fabricated metal products n.e.c.

Telephone

01202483497

Next Accounts Due

February 2025

Group Structure

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Directors

Peter Bennet21 Years

Shareholders

peter thomas bennett 100%

groveley precision engineering limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of GROVELEY PRECISION ENGINEERING LIMITED at £1.1m based on a Turnover of £1.8m and 0.61x industry multiple (adjusted for size and gross margin).

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Groveley Precision Engineering Limited is a live company located in christchurch, BH23 3HB with a Companies House number of 04653522. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 2003, it's largest shareholder is peter thomas bennett with a 100% stake. Groveley Precision Engineering Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.8m with declining growth in recent years.

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Pomanda's financial health check has awarded Groveley Precision Engineering Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£12.9m)

Growth

3 year (CAGR) sales growth of -14%, show it is growing at a slower rate (4.6%)

EXPORT

Groveley Precision Engineering Limited's latest turnover from May 2023 is estimated at £1.8 million and the company has net assets of -£527.2 thousand. According to their latest financial statements, Groveley Precision Engineering Limited has 23 employees and maintains cash reserves of £108.3 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	1,809,718	1,496,319	1,293,197	2,801,670	2,654,396	2,434,076	2,291,316	2,432,460	1,428,877	1,024,024	1,282,050	1,218,608	1,038,461	865,456
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,281,097	1,047,293	924,406	1,960,254	1,868,647	1,687,881	1,582,912	1,670,788	972,425	713,685	898,109	853,247	722,080	594,650
Gross Profit	528,621	449,026	368,791	841,415	455,710	377,860	708,404	761,673	456,452	310,339	383,941	365,362	316,381	270,805
Admin Expenses	603,157	499,952	564,482	1,009,384	557,857	575,552	733,622	733,547	488,420	360,577	258,882	297,063	254,358	32,095
Operating Profit	-74,536	-50,926	-195,691	-167,969	-102,147	-197,692	-25,218	28,126	-31,968	-50,238	125,059	68,299	62,023	238,710
Interest Payable	1,933	1,750	1,525	0	9,094	9,094	0	0	0	0	0	142	815	672
Interest Receivable	2,949	352	34	12	0	0	25	59	104	369	541	509	349	96
Pre-Tax Profit	-73,521	-52,324	-197,182	-167,957	-111,241	-206,786	-25,193	28,185	-31,864	-49,869	125,600	68,666	61,558	238,133
Tax	0	0	0	0	0	0	0	-5,637	0	0	-28,888	-16,480	-16,005	-66,677
Profit After Tax	-73,521	-52,324	-197,182	-167,957	-111,241	-206,786	-25,193	22,548	-31,864	-49,869	96,712	52,186	45,553	171,456
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-73,521	-52,324	-197,182	-167,957	-111,241	-206,786	-25,193	22,548	-31,864	-49,869	96,712	52,186	45,553	171,456
Employee Costs	887,666	655,332	706,020	858,803	835,617	810,901	826,376	1,038,264	381,103	282,111	341,612	336,855	295,096	260,120
Number Of Employees	23	18	20	24	24	24	25	32	12	9	11	11	10	9
EBITDA*	50,614	77,817	-79,678	-59,053	5,005	-92,465	80,014	136,810	54,375	21,748	195,955	114,275	98,591	274,855

* 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	201,801	315,389	433,599	440,228	525,183	602,018	668,828	703,638	766,243	334,553	404,320	430,616	165,093	198,534
Intangible Assets	0	852	1,986	3,726	5,466	3,444	4,444	5,441	6,438	7,435	8,432	9,429	10,426	11,423
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	12,663	12,663	12,663
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	201,801	316,241	435,585	443,954	530,649	605,462	673,272	709,079	772,681	341,988	412,752	452,708	188,182	222,620
Stock & work in progress	617,286	594,076	410,293	397,239	290,731	213,808	187,197	168,104	101,074	91,425	95,828	83,574	91,568	88,756
Trade Debtors	196,775	214,030	166,650	166,644	260,190	274,578	312,203	321,849	304,049	256,074	294,815	259,921	225,042	164,178
Group Debtors	1,310	1,310	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15,202	17,435	16,084	17,517	0	0	0	0	0	0	0	0	0	0
Cash	108,259	22,787	47,665	21,069	3,491	26,437	5,054	15,183	8,344	33,419	114,090	102,389	101,300	38,417
misc current assets	0	0	0	0	0	0	50,896	0	0	0	0	0	0	0
total current assets	938,832	849,638	640,692	602,469	554,412	514,823	555,350	505,136	413,467	380,918	504,733	445,884	417,910	291,351
total assets	1,140,633	1,165,879	1,076,277	1,046,423	1,085,061	1,120,285	1,228,622	1,214,215	1,186,148	722,906	917,485	898,592	606,092	513,971
Bank overdraft	10,000	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	4,380	15,430
Trade Creditors	133,712	124,558	69,115	1,196,828	1,074,049	960,965	792,157	695,831	346,002	172,834	239,383	305,834	267,496	204,286
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	44,167	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	99,272	35,730	35,730	43,688	12,087	12,087
other current liabilities	665,127	606,392	466,634	0	0	0	0	0	78,806	87,081	116,156	85,288	72,240	55,225
total current liabilities	808,839	730,950	579,916	1,196,828	1,074,049	960,965	792,157	695,831	524,080	295,645	391,269	434,810	356,203	287,028
loans	26,826	0	5,833	0	0	0	0	0	0	0	0	0	0	5,255
hp & lease commitments	0	0	0	0	0	0	0	0	254,491	62,528	98,258	133,988	7,214	17,978
Accruals and Deferred Income	0	0	4,655	6,540	0	0	6,818	0	0	0	0	0	0	0
other liabilities	800,000	836,218	840,000	0	0	37,067	100,608	164,152	86,027	22,374	26,103	29,833	0	0
provisions	32,150	52,372	47,210	47,210	47,210	47,210	47,210	47,210	37,076	26,021	35,648	30,466	25,366	31,954
total long term liabilities	858,976	888,590	897,698	53,750	47,210	84,277	154,636	211,362	377,594	110,923	160,009	194,287	32,580	55,187
total liabilities	1,667,815	1,619,540	1,477,614	1,250,578	1,121,259	1,045,242	946,793	907,193	901,674	406,568	551,278	629,097	388,783	342,215
net assets	-527,182	-453,661	-401,337	-204,155	-36,198	75,043	281,829	307,022	284,474	316,338	366,207	269,495	217,309	171,756
total shareholders funds	-527,182	-453,661	-401,337	-204,155	-36,198	75,043	281,829	307,022	284,474	316,338	366,207	269,495	217,309	171,756

	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	-74,536	-50,926	-195,691	-167,969	-102,147	-197,692	-25,218	28,126	-31,968	-50,238	125,059	68,299	62,023	238,710
Depreciation	124,298	127,609	116,013	107,176	105,474	104,227	104,235	107,687	85,346	70,989	69,899	44,979	35,571	35,148
Amortisation	852	1,134	0	1,740	1,678	1,000	997	997	997	997	997	997	997	997
Tax	0	0	0	0	0	0	0	-5,637	0	0	-28,888	-16,480	-16,005	-66,677
Stock	23,210	183,783	13,054	106,508	76,923	26,611	19,093	67,030	9,649	-4,403	12,254	-7,994	2,812	88,756
Debtors	-19,488	50,041	-1,427	-76,029	-14,388	-37,625	-9,646	17,800	47,975	-38,741	34,894	34,879	60,864	164,178
Creditors	9,154	55,443	-1,127,713	122,779	113,084	168,808	96,326	349,829	173,168	-66,549	-66,451	38,338	63,210	204,286
Accruals and Deferred Income	58,735	135,103	464,749	6,540	0	-6,818	6,818	-78,806	-8,275	-29,075	30,868	13,048	17,015	55,225
Deferred Taxes & Provisions	-20,222	5,162	0	0	0	0	0	10,134	11,055	-9,627	5,182	5,100	-6,588	31,954
Cash flow from operations	94,559	39,701	-754,269	39,787	55,554	80,539	173,711	327,500	172,699	-40,359	89,518	127,396	92,547	246,709
Investing Activities
capital expenditure	-10,710	-9,399	-107,644	-22,221	-32,339	-37,417	-69,425	-45,082	-517,036	-1,222	-43,603	-310,502	-2,130	-246,102
Change in Investments	0	0	0	0	0	0	0	0	0	0	-12,663	0	0	12,663
cash flow from investments	-10,710	-9,399	-107,644	-22,221	-32,339	-37,417	-69,425	-45,082	-517,036	-1,222	-30,940	-310,502	-2,130	-258,765
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	-4,380	-11,050	15,430
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	-44,167	44,167	0	0	0	0	0	0	0	0	0	0	0
Long term loans	26,826	-5,833	5,833	0	0	0	0	0	0	0	0	0	-5,255	5,255
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-353,763	255,505	-35,730	-43,688	158,375	-10,764	30,065
other long term liabilities	-36,218	-3,782	840,000	0	-37,067	-63,541	-63,544	78,125	63,653	-3,729	-3,730	29,833	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	300
interest	1,016	-1,398	-1,491	12	-9,094	-9,094	25	59	104	369	541	367	-466	-576
cash flow from financing	-8,376	-55,180	888,509	12	-46,161	-72,635	-63,519	-275,579	319,262	-39,090	-46,877	184,195	-27,535	50,474
cash and cash equivalents
cash	85,472	-24,878	26,596	17,578	-22,946	21,383	-10,129	6,839	-25,075	-80,671	11,701	1,089	62,883	38,417
overdraft	10,000	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	75,472	-24,878	26,596	17,578	-22,946	21,383	-10,129	6,839	-25,075	-80,671	11,701	1,089	62,883	38,417

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROVELEY PRECISION ENGINEERING LIMITED group structure

Groveley Precision Engineering Limited has no subsidiary companies.

Ultimate parent company

GROVELEY PRECISION ENGINEERING LIMITED

04653522

GROVELEY PRECISION ENGINEERING LIMITED Shareholders

peter thomas bennett

100%

Groveley Precision Engineering Limited currently has 1 director, Mr Peter Bennet serving since Feb 2003.

officer	country	age	start	end	role
Mr Peter Bennet	England	64 years	Feb 2003	-	Director

P&L

May 2023

turnover

1.8m

+21%

operating profit

-74.5k

gross margin

29.3%

-2.66%

turnover

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

Balance Sheet

May 2023

net assets

-527.2k

+0.16%

total assets

1.1m

-0.02%

cash

108.3k

+3.75%

net assets

Total assets minus all liabilities

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company number

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Type

Private limited with Share Capital

industry

25990 - Manufacture of other fabricated metal products n.e.c.

incorporation date

January 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

groveley engineering precision limited (June 2011)

incorporated

address

anchor works, groveley road, christchurch, dorset, BH23 3HB

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 3 charges/mortgages relating to groveley precision engineering limited. Currently there are 3 open charges and 0 have been satisfied in the past.

groveley precision engineering limited Company Information

groveley precision engineering limited Estimated Valuation

groveley precision engineering limited Estimated Valuation

groveley precision engineering limited Estimated Valuation

Groveley Precision Engineering Limited Overview

Groveley Precision Engineering Limited Health Check

GROVELEY PRECISION ENGINEERING LIMITED financials

groveley precision engineering limited Credit Report and Business Information

Groveley Precision Engineering Limited Competitor Analysis

groveley precision engineering limited Ownership

groveley precision engineering limited directors

groveley precision engineering limited company details

groveley precision engineering limited Charges & Mortgages

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