Gavin Griffiths Recycling Ltd

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gavin griffiths recycling ltd Company Information

Live

EstablishedMidHigh

Company Number

05640715

Website

griffithsrecycle.co.uk

Registered Address

beechwood house bryntywod, llangyfelach, swansea, SA5 7LP

Industry

Collection of non-hazardous waste

Telephone

01792795829

Next Accounts Due

December 2024

Group Structure

View All

Directors

Gavin Griffiths18 Years

Jake Stephens4 Years

Shareholders

gavin griffiths 100%

gavin griffiths recycling ltd Estimated Valuation

£11.7m

Pomanda estimates the enterprise value of GAVIN GRIFFITHS RECYCLING LTD at £11.7m based on Net Assets of £3.9m and 3.02x industry multiple (adjusted for liquidity).

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Gavin Griffiths Recycling Ltd is a live company located in swansea, SA5 7LP with a Companies House number of 05640715. It operates in the collection of non-hazardous waste sector, SIC Code 38110. Founded in November 2005, it's largest shareholder is gavin griffiths with a 100% stake. Gavin Griffiths Recycling Ltd is a established, mid sized company, Pomanda has estimated its turnover at £11.9m with high growth in recent years.

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Pomanda's financial health check has awarded Gavin Griffiths Recycling Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

3 Strong

5 Regular

4 Weak

Size

annual sales of £11.9m, make it smaller than the average company (£15m)

Growth

3 year (CAGR) sales growth of 29%, show it is growing at a faster rate (7.5%)

EXPORT

Gavin Griffiths Recycling Ltd's latest turnover from March 2023 is estimated at £11.9 million and the company has net assets of £3.9 million. According to their latest financial statements, Gavin Griffiths Recycling Ltd has 40 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	Nov 2011	Nov 2010	Nov 2009
Turnover	11,921,192	10,829,952	8,403,514	5,589,470	4,506,975	3,983,527	3,312,419	3,138,088	4,616,146	5,467,654	4,707,401	2,473,414	1,561,883	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,105,528	8,229,278	6,412,825	4,344,836	3,503,340	3,031,592	2,503,763	2,423,970	3,577,127	4,245,438	3,640,087	1,845,659	1,159,975	0
Gross Profit	2,815,664	2,600,674	1,990,689	1,244,634	1,003,634	951,936	808,655	714,117	1,039,019	1,222,216	1,067,314	627,755	401,908	0
Admin Expenses	2,115,126	1,320,094	797,104	1,153,236	920,653	866,141	764,952	689,384	734,998	1,113,693	176,353	468,031	235,910	-118,609
Operating Profit	700,538	1,280,580	1,193,585	91,398	82,981	85,795	43,703	24,733	304,021	108,523	890,961	159,724	165,998	118,609
Interest Payable	0	0	4,409	9,052	7,078	1,868	3,716	3,865	0	0	0	0	0	0
Interest Receivable	48,959	9,829	754	6	14	148	74	108	108	405	405	332	206	26
Pre-Tax Profit	749,496	1,290,409	1,189,930	82,351	75,917	84,075	40,061	20,976	304,129	108,927	891,366	160,055	166,204	118,635
Tax	-142,404	-245,178	-226,087	-15,647	-14,424	-15,974	-8,012	-4,195	-63,867	-25,053	-213,928	-41,614	-46,537	-33,218
Profit After Tax	607,092	1,045,231	963,843	66,704	61,493	68,101	32,049	16,781	240,262	83,874	677,438	118,441	119,667	85,417
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	607,092	1,045,231	963,843	66,704	61,493	68,101	32,049	16,781	240,262	83,874	677,438	118,441	119,667	85,417
Employee Costs	1,439,251	964,681	900,985	821,087	709,684	701,090	761,716	704,960	1,019,775	1,216,579	1,048,574	546,143	359,090	0
Number Of Employees	40	28	28	26	23	23	26	24	35	42	37	20	13	0
EBITDA*	1,712,623	1,952,435	1,662,208	496,047	536,625	440,198	334,813	265,867	473,119	165,323	975,992	204,220	214,636	130,213

* 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	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	6,772,788	5,115,517	2,891,539	1,863,897	2,084,870	1,790,204	1,702,610	1,644,596	1,118,780	964,733	698,048	431,453	250,350	68,909
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	6,772,788	5,115,517	2,891,539	1,863,897	2,084,870	1,790,204	1,702,610	1,644,596	1,118,780	964,733	698,048	431,453	250,350	68,909
Stock & work in progress	243,046	27,157	60,878	0	0	0	0	0	7,500	2,600	2,600	0	3,180	31,317
Trade Debtors	2,029,814	2,100,779	1,453,894	1,058,852	845,298	610,923	466,071	508,816	809,232	913,690	718,067	356,613	229,281	36,301
Group Debtors	1,283,857	873,117	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	92,701	349,234	481,429	262,754	157,251	96,843	220,791	115,393	36,574	23,204	36,747	22,056	0	2,730
Cash	1,183,346	1,120,593	1,500,377	7,163	3,851	0	59,298	0	43,127	0	161,828	60,608	72,081	10,412
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,832,764	4,470,880	3,496,578	1,328,769	1,006,400	707,766	746,160	624,209	896,433	939,494	919,242	439,277	304,542	80,760
total assets	11,605,552	9,586,397	6,388,117	3,192,666	3,091,270	2,497,970	2,448,770	2,268,805	2,015,213	1,904,227	1,617,290	870,730	554,892	149,669
Bank overdraft	0	0	0	9,500	7,709	57,477	0	118,913	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,259,934	1,581,447	1,169,032	507,062	366,008	504,198	466,450	344,845	632,771	861,911	816,802	425,645	268,284	38,667
Group/Directors Accounts	330,249	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
hp & lease commitments	1,616,114	1,181,430	622,416	355,468	348,409	266,598	312,769	247,749	0	0	0	0	0	0
other current liabilities	242,835	133,602	269,888	261,505	344,519	108,426	109,643	57,480	0	0	0	0	0	0
total current liabilities	3,449,132	2,896,479	2,061,336	1,133,535	1,066,645	936,699	888,862	768,987	632,771	861,911	816,802	425,645	268,284	38,667
loans	0	0	0	135,051	144,541	0	0	0	0	0	0	0	0	0
hp & lease commitments	3,523,845	2,996,758	1,779,502	487,171	520,419	274,731	327,353	287,607	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	205,287	160,621	46,030	72,505	52,515	13,671
provisions	769,607	437,284	336,634	190,107	179,567	167,935	182,051	193,756	175,481	120,283	77,018	49,053	29,007	11,912
total long term liabilities	4,293,452	3,434,042	2,116,136	812,329	844,527	442,666	509,404	481,363	380,768	280,904	123,048	121,558	81,522	25,583
total liabilities	7,742,584	6,330,521	4,177,472	1,945,864	1,911,172	1,379,365	1,398,266	1,250,350	1,013,539	1,142,815	939,850	547,203	349,806	64,250
net assets	3,862,968	3,255,876	2,210,645	1,246,802	1,180,098	1,118,605	1,050,504	1,018,455	1,001,674	761,412	677,440	323,527	205,086	85,419
total shareholders funds	3,862,968	3,255,876	2,210,645	1,246,802	1,180,098	1,118,605	1,050,504	1,018,455	1,001,674	761,412	677,440	323,527	205,086	85,419

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	700,538	1,280,580	1,193,585	91,398	82,981	85,795	43,703	24,733	304,021	108,523	890,961	159,724	165,998	118,609
Depreciation	1,012,085	671,855	468,623	404,649	453,644	354,403	291,110	241,134	169,098	56,800	85,031	44,496	48,638	11,604
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-142,404	-245,178	-226,087	-15,647	-14,424	-15,974	-8,012	-4,195	-63,867	-25,053	-213,928	-41,614	-46,537	-33,218
Stock	215,889	-33,721	60,878	0	0	0	0	-7,500	4,900	0	2,600	-3,180	-28,137	31,317
Debtors	83,242	1,387,807	613,717	319,057	294,783	20,904	62,653	-221,597	-91,088	182,080	754,814	149,388	190,250	39,031
Creditors	-321,513	412,415	661,970	141,054	-138,190	37,748	121,605	-287,926	-229,140	45,109	816,802	157,361	229,617	38,667
Accruals and Deferred Income	109,233	-136,286	8,383	-83,014	236,093	-1,217	52,163	57,480	0	0	0	0	0	0
Deferred Taxes & Provisions	332,323	100,650	146,527	10,540	11,632	-14,116	-11,705	18,275	55,198	43,265	77,018	20,046	17,095	11,912
Cash flow from operations	1,391,131	729,950	1,578,406	229,923	336,953	425,735	426,211	278,598	321,498	46,564	898,470	193,805	252,698	77,226
Investing Activities
capital expenditure	-2,669,356	-2,895,833	-1,496,265	-183,676	-748,310	-441,997	-349,124	-766,950	-323,145	-323,485	-783,079	-225,599	-230,079	-80,513
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,669,356	-2,895,833	-1,496,265	-183,676	-748,310	-441,997	-349,124	-766,950	-323,145	-323,485	-783,079	-225,599	-230,079	-80,513
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	330,249	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
Long term loans	0	0	-135,051	-9,490	144,541	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	961,771	1,776,270	1,559,279	-26,189	327,499	-98,793	104,766	535,356	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-205,287	44,666	114,591	46,030	19,990	38,844	13,671
share issue	0	0	0	0	0	0	0	0	0	98	2	0	0	2
interest	48,959	9,829	-3,655	-9,046	-7,064	-1,720	-3,642	-3,757	108	405	405	332	206	26
cash flow from financing	1,340,979	1,786,099	1,420,573	-44,725	464,976	-100,513	101,124	326,312	44,774	115,094	46,437	20,322	39,050	13,699
cash and cash equivalents
cash	62,753	-379,784	1,493,214	3,312	3,851	-59,298	59,298	-43,127	43,127	-161,828	161,828	-11,473	61,669	10,412
overdraft	0	0	-9,500	1,791	-49,768	57,477	-118,913	118,913	0	0	0	0	0	0
change in cash	62,753	-379,784	1,502,714	1,521	53,619	-116,775	178,211	-162,040	43,127	-161,828	161,828	-11,473	61,669	10,412

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GAVIN GRIFFITHS RECYCLING LTD group structure

Gavin Griffiths Recycling Ltd has no subsidiary companies.

Ultimate parent company

GAVIN GRIFFITHS RECYCLING LTD

05640715

GAVIN GRIFFITHS RECYCLING LTD Shareholders

gavin griffiths

100%

Gavin Griffiths Recycling Ltd currently has 2 directors. The longest serving directors include Mr Gavin Griffiths (Nov 2005) and Mr Jake Stephens (Jun 2020).

officer	country	age	start	end	role
Mr Gavin Griffiths	Wales	47 years	Nov 2005	-	Director
Mr Jake Stephens	Wales	30 years	Jun 2020	-	Director

P&L

March 2023

turnover

11.9m

+10%

operating profit

700.5k

gross margin

23.7%

-1.64%

turnover

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

Balance Sheet

March 2023

net assets

3.9m

+0.19%

total assets

11.6m

+0.21%

cash

1.2m

+0.06%

net assets

Total assets minus all liabilities

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company number

05640715

Type

Private limited with Share Capital

industry

38110 - Collection of non-hazardous waste

incorporation date

November 2005

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

beechwood house bryntywod, llangyfelach, swansea, SA5 7LP

last accounts submitted

March 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 4 charges/mortgages relating to gavin griffiths recycling ltd. Currently there are 1 open charges and 3 have been satisfied in the past.

gavin griffiths recycling ltd Company Information

gavin griffiths recycling ltd Estimated Valuation

gavin griffiths recycling ltd Estimated Valuation

gavin griffiths recycling ltd Estimated Valuation

Gavin Griffiths Recycling Ltd Overview

Gavin Griffiths Recycling Ltd Health Check

GAVIN GRIFFITHS RECYCLING LTD financials

gavin griffiths recycling ltd Credit Report and Business Information

Gavin Griffiths Recycling Ltd Competitor Analysis

gavin griffiths recycling ltd Ownership

gavin griffiths recycling ltd directors

gavin griffiths recycling ltd company details

gavin griffiths recycling ltd Charges & Mortgages

gavin griffiths recycling ltd Companies House Filings - See Documents