grainger & worrall machining limited
grainger & worrall machining limited Company Information
Company Number
04776147
Next Accounts
Jul 2025
Shareholders
evolution castings group ltd
Group Structure
View All
Industry
Machining
Registered Address
building 7, stanmore industrial estate, bridgnorth, shropshire, WV15 5HP
Website
http://gwcast.co.ukgrainger & worrall machining limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINGER & WORRALL MACHINING LIMITED at £1.6m based on a Turnover of £3.7m and 0.42x industry multiple (adjusted for size and gross margin).
grainger & worrall machining limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINGER & WORRALL MACHINING LIMITED at £7.9m based on an EBITDA of £2.2m and a 3.57x industry multiple (adjusted for size and gross margin).
grainger & worrall machining limited Estimated Valuation
Pomanda estimates the enterprise value of GRAINGER & WORRALL MACHINING LIMITED at £3.2m based on Net Assets of £1.8m and 1.71x industry multiple (adjusted for liquidity).
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Grainger & Worrall Machining Limited Overview
Grainger & Worrall Machining Limited is a live company located in bridgnorth, WV15 5HP with a Companies House number of 04776147. It operates in the machining sector, SIC Code 25620. Founded in May 2003, it's largest shareholder is evolution castings group ltd with a 100% stake. Grainger & Worrall Machining Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.
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Grainger & Worrall Machining Limited Health Check
Pomanda's financial health check has awarded Grainger & Worrall Machining Limited a 4 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
4 Strong
3 Regular
5 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£10m)
- Grainger & Worrall Machining Limited
£10m - Industry AVG
Growth
3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.7%)
- Grainger & Worrall Machining Limited
3.7% - Industry AVG
Production
with a gross margin of 27.9%, this company has a comparable cost of product (27.9%)
- Grainger & Worrall Machining Limited
27.9% - Industry AVG
Profitability
an operating margin of 50.1% make it more profitable than the average company (6.1%)
- Grainger & Worrall Machining Limited
6.1% - Industry AVG
Employees
with 81 employees, this is similar to the industry average (78)
81 - Grainger & Worrall Machining Limited
78 - Industry AVG
Pay Structure
on an average salary of £43.8k, the company has an equivalent pay structure (£43.8k)
- Grainger & Worrall Machining Limited
£43.8k - Industry AVG
Efficiency
resulting in sales per employee of £45.4k, this is less efficient (£140.7k)
- Grainger & Worrall Machining Limited
£140.7k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (64 days)
- Grainger & Worrall Machining Limited
64 days - Industry AVG
Creditor Days
its suppliers are paid after 42 days, this is quicker than average (50 days)
- Grainger & Worrall Machining Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 28 days, this is less than average (69 days)
- Grainger & Worrall Machining Limited
69 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (12 weeks)
0 weeks - Grainger & Worrall Machining Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 39%, this is a lower level of debt than the average (47.3%)
39% - Grainger & Worrall Machining Limited
47.3% - Industry AVG
GRAINGER & WORRALL MACHINING LIMITED financials
Grainger & Worrall Machining Limited's latest turnover from October 2023 is estimated at £3.7 million and the company has net assets of £1.8 million. According to their latest financial statements, Grainger & Worrall Machining Limited has 81 employees and maintains cash reserves of £614 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2023 | Oct 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 | 4,869,074 | 4,279,742 | 5,278,497 | 5,731,465 | 4,294,478 | 3,964,455 | 3,284,422 | 2,698,684 | 2,462,360 | 2,854,764 | 1,869,128 | |||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 3,420,765 | 3,285,083 | 3,788,035 | 3,383,008 | 2,335,463 | 2,127,084 | 1,744,337 | 1,280,529 | 1,345,440 | 1,734,701 | 1,285,613 | |||
| Gross Profit | 1,448,309 | 994,659 | 1,490,462 | 2,348,457 | 1,959,015 | 1,837,371 | 1,540,085 | 1,418,155 | 1,116,920 | 1,120,063 | 583,515 | |||
| Admin Expenses | 1,244,798 | 1,571,761 | 1,596,473 | 1,480,839 | 1,628,226 | 1,135,303 | 972,283 | |||||||
| Operating Profit | 203,511 | -577,102 | -106,011 | 867,618 | 330,789 | 702,068 | 567,802 | |||||||
| Interest Payable | 74,687 | 30,223 | 37,399 | 28,902 | 27,275 | 13,147 | 10,769 | |||||||
| Interest Receivable | ||||||||||||||
| Pre-Tax Profit | 128,824 | -607,325 | -143,410 | 838,716 | 303,514 | 688,921 | 557,033 | 546,803 | 358,431 | 491,889 | 350,603 | |||
| Tax | 1,418 | -97,877 | 147,300 | -186,073 | -64,286 | -76,750 | -48,371 | -129,742 | -85,852 | -78,607 | ||||
| Profit After Tax | 130,242 | -705,202 | 3,890 | 652,643 | 239,228 | 612,171 | 508,662 | 417,061 | 272,579 | 413,282 | 350,603 | |||
| Dividends Paid | 199,200 | 200,000 | ||||||||||||
| Retained Profit | 130,242 | -705,202 | 3,890 | 453,443 | 239,228 | 612,171 | 508,662 | 217,061 | 272,579 | 413,282 | 350,603 | |||
| Employee Costs | 1,892,052 | 2,366,461 | 2,455,835 | 2,238,480 | 1,879,819 | 1,537,264 | 1,306,774 | |||||||
| Number Of Employees | 81 | 70 | 53 | 70 | 73 | 67 | 58 | 49 | 39 | |||||
| EBITDA* | 618,116 | -56,861 | 304,512 | 1,197,993 | 667,271 | 824,523 | 649,405 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2023 | Oct 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 | 1,870,325 | 1,930,785 | 2,585,383 | 2,311,582 | 2,755,531 | 2,372,408 | 2,233,941 | 891,032 | 625,419 | 432,828 | 119,796 | 40,403 | 38,908 | 25,197 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 1,870,325 | 1,930,785 | 2,585,383 | 2,311,582 | 2,755,531 | 2,372,408 | 2,233,941 | 891,032 | 625,419 | 432,828 | 119,796 | 40,403 | 38,908 | 25,197 |
| Stock & work in progress | 207,451 | 148,316 | 187,921 | 834,787 | 469,700 | 459,260 | 464,198 | 164,362 | 156,205 | 63,779 | 49,700 | 40,616 | 65,181 | 88,491 |
| Trade Debtors | 48,680 | 39,961 | 648 | 97,423 | 741,165 | 909,175 | 593,090 | 202,998 | 257,902 | 355,032 | 219,018 | 168,581 | 124,904 | 78,584 |
| Group Debtors | 326,948 | 1,028,667 | 1,908,187 | 606,013 | 697,515 | 1,070,037 | 1,113,635 | 1,785,255 | 930,452 | 490,850 | 398,305 | 152,917 | ||
| Misc Debtors | 570,359 | 1,415,464 | 273,431 | 279,543 | 352,354 | 247,613 | 35,621 | 47,617 | 45,351 | 30,040 | 26,178 | 22,597 | 6,074 | |
| Cash | 614 | 84 | 7,356 | 149 | 144 | 398 | 139 | 36,685 | 347 | 12,655 | 9,411 | 324 | 23 | |
| misc current assets | ||||||||||||||
| total current assets | 1,154,052 | 2,632,492 | 2,377,543 | 1,817,915 | 2,260,734 | 2,686,229 | 2,206,942 | 2,200,371 | 1,426,595 | 940,048 | 705,856 | 394,122 | 196,483 | 167,098 |
| total assets | 3,024,377 | 4,563,277 | 4,962,926 | 4,129,497 | 5,016,265 | 5,058,637 | 4,440,883 | 3,091,403 | 2,052,014 | 1,372,876 | 825,652 | 434,525 | 235,391 | 192,295 |
| Bank overdraft | 192,035 | 220,874 | 392,031 | 172,802 | 167,951 | 175,737 | 105,924 | 23,124 | 112 | 48,758 | ||||
| Bank loan | ||||||||||||||
| Trade Creditors | 309,850 | 291,290 | 417,152 | 448,660 | 305,864 | 521,570 | 412,818 | 307,430 | 223,407 | 169,922 | 229,538 | 181,878 | 208,620 | 919,551 |
| Group/Directors Accounts | 14,636 | 2,748,539 | 1,081,831 | 142,243 | 367,661 | 19,500 | 19,500 | 232,488 | ||||||
| other short term finances | ||||||||||||||
| hp & lease commitments | 101,570 | 204,571 | 453,345 | 471,016 | 371,163 | 399,950 | 412,395 | 172,739 | 112,775 | 72,881 | ||||
| other current liabilities | 348,886 | 746,237 | 274,133 | 401,977 | 224,279 | 576,913 | 485,347 | 318,721 | 245,759 | 308,975 | 283,909 | 216,018 | 122,178 | |
| total current liabilities | 966,977 | 4,211,511 | 2,618,492 | 1,636,698 | 1,436,918 | 1,674,170 | 1,416,484 | 841,514 | 581,941 | 571,390 | 513,447 | 397,896 | 612,044 | 919,551 |
| loans | ||||||||||||||
| hp & lease commitments | 101,521 | 417,115 | 694,304 | 1,139,261 | 955,820 | 1,072,198 | 488,211 | 370,017 | 262,541 | |||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 212,595 | 158,616 | 160,034 | 96,423 | 88,874 | 65,871 | 114,576 | 65,125 | 12,676 | 2,997 | ||||
| total long term liabilities | 212,595 | 101,521 | 575,731 | 854,338 | 1,235,684 | 1,044,694 | 1,138,069 | 602,787 | 435,142 | 275,217 | 2,997 | |||
| total liabilities | 1,179,572 | 4,313,032 | 3,194,223 | 2,491,036 | 2,672,602 | 2,718,864 | 2,554,553 | 1,444,301 | 1,017,083 | 846,607 | 516,444 | 397,896 | 612,044 | 919,551 |
| net assets | 1,844,805 | 250,245 | 1,768,703 | 1,638,461 | 2,343,663 | 2,339,773 | 1,886,330 | 1,647,102 | 1,034,931 | 526,269 | 309,208 | 36,629 | -376,653 | -727,256 |
| total shareholders funds | 1,844,805 | 250,245 | 1,768,703 | 1,638,461 | 2,343,663 | 2,339,773 | 1,886,330 | 1,647,102 | 1,034,931 | 526,269 | 309,208 | 36,629 | -376,653 | -727,256 |
| Oct 2023 | Oct 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 | 203,511 | -577,102 | -106,011 | 867,618 | 330,789 | 702,068 | 567,802 | |||||||
| Depreciation | 358,656 | 660,720 | 414,605 | 520,241 | 410,523 | 330,375 | 336,482 | 122,455 | 81,603 | 58,705 | 11,502 | 12,925 | 9,847 | 5,956 |
| Amortisation | ||||||||||||||
| Tax | 1,418 | -97,877 | 147,300 | -186,073 | -64,286 | -76,750 | -48,371 | -129,742 | -85,852 | -78,607 | ||||
| Stock | 59,135 | -39,605 | -646,866 | 365,087 | 10,440 | -4,938 | 299,836 | 8,157 | 92,426 | 14,079 | 9,084 | -24,565 | -23,310 | 88,491 |
| Debtors | -1,538,105 | 301,826 | 1,199,287 | -808,055 | -435,791 | 484,479 | -293,524 | 802,165 | 357,783 | 232,421 | 299,406 | 213,117 | 52,394 | 78,584 |
| Creditors | 18,560 | -125,862 | -31,508 | 142,796 | -215,706 | 108,752 | 105,388 | 84,023 | 53,485 | -59,616 | 47,660 | -26,742 | -710,931 | 919,551 |
| Accruals and Deferred Income | -397,351 | 472,104 | -127,844 | 177,698 | -352,634 | 91,566 | 166,626 | 72,962 | -63,216 | 25,066 | 67,891 | 93,840 | 122,178 | |
| Deferred Taxes & Provisions | 212,595 | -158,616 | -1,418 | 63,611 | 7,549 | 23,003 | -48,705 | 49,451 | 52,449 | 9,679 | 2,997 | |||
| Cash flow from operations | -93,657 | 672,335 | 316,372 | 755,700 | 819,982 | 143,887 | 193,543 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -2,733,903 | 1,666,708 | 939,588 | -225,418 | 367,661 | -19,500 | 19,500 | -19,500 | 19,500 | -232,488 | 232,488 | |||
| Other Short Term Loans | ||||||||||||||
| Long term loans | ||||||||||||||
| Hire Purchase and Lease Commitments | -204,522 | -564,368 | -294,860 | -345,104 | 154,654 | -128,823 | 823,643 | 178,158 | 147,370 | 335,422 | ||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -74,687 | -30,223 | -37,399 | -28,902 | -27,275 | -13,147 | -10,769 | |||||||
| cash flow from financing | 570,041 | -600,745 | 484,916 | -157,725 | 776,868 | 184,511 | 117,101 | 354,922 | -232,488 | 232,488 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 530 | -7,272 | 7,207 | 149 | -144 | -254 | 259 | -36,546 | 36,338 | -12,308 | 3,244 | 9,087 | 301 | 23 |
| overdraft | -28,839 | -171,157 | 219,229 | 4,851 | -7,786 | 69,813 | 82,800 | 23,124 | -112 | 112 | -48,758 | 48,758 | ||
| change in cash | 29,369 | 163,885 | -212,022 | -4,702 | 7,642 | -70,067 | -82,541 | -59,670 | 36,450 | -12,420 | 3,244 | 57,845 | -48,457 | 23 |
grainger & worrall machining limited Credit Report and Business Information
Grainger & Worrall Machining Limited Competitor Analysis
Perform a competitor analysis for grainger & worrall machining limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WV15 area or any other competitors across 12 key performance metrics.
grainger & worrall machining limited Ownership
GRAINGER & WORRALL MACHINING LIMITED group structure
Grainger & Worrall Machining Limited has no subsidiary companies.
Ultimate parent company
1 parent
GRAINGER & WORRALL MACHINING LIMITED
04776147
grainger & worrall machining limited directors
Grainger & Worrall Machining Limited currently has 2 directors. The longest serving directors include Mr Duncan Eldridge (Feb 2024) and Mr Andrew Burn (Jan 2025).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Duncan Eldridge | England | 59 years | Feb 2024 | - | Director |
| Mr Andrew Burn | 50 years | Jan 2025 | - | Director |
P&L
October 2023turnover
3.7m
+25%
operating profit
1.8m
0%
gross margin
28%
+6.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2023net assets
1.8m
+6.37%
total assets
3m
-0.34%
cash
614
+6.31%
net assets
Total assets minus all liabilities
Similar Companies
grainger & worrall machining limited company details
company number
04776147
Type
Private limited with Share Capital
industry
25620 - Machining
incorporation date
May 2003
age
22
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
October 2023
previous names
prestige precision engineering limited (June 2008)
accountant
WR PARTNERS
auditor
-
address
building 7, stanmore industrial estate, bridgnorth, shropshire, WV15 5HP
Bank
-
Legal Advisor
-
grainger & worrall machining 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 3 charges/mortgages relating to grainger & worrall machining limited. Currently there are 2 open charges and 1 have been satisfied in the past.
grainger & worrall machining limited 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.
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grainger & worrall machining limited Companies House Filings - See Documents
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