Olive Grove Developments Ltd

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olive grove developments ltd Company Information

Company Number

05853004

Next Accounts

Mar 2026

Directors

Stephen Gibbs

Paul Artemi

Shareholders

laura artemi

claire gibbs

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Group Structure

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Industry

Construction of domestic buildings

Registered Address

unit 20 wrotham business park, wrotham park, barnet, hertfordshire, EN5 4SZ

Website

www.olivegrovedevelopments.com

olive grove developments ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of OLIVE GROVE DEVELOPMENTS LTD at £1.1m based on a Turnover of £2.9m and 0.38x industry multiple (adjusted for size and gross margin).

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Olive Grove Developments Ltd is a live company located in barnet, EN5 4SZ with a Companies House number of 05853004. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in June 2006, it's largest shareholder is laura artemi with a 25% stake. Olive Grove Developments Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Olive Grove Developments Ltd a 4.5 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 Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £2.9m, make it larger than the average company (£383.9k)

Growth

3 year (CAGR) sales growth of -18%, show it is growing at a slower rate (9.6%)

EXPORT

Olive Grove Developments Ltd's latest turnover from June 2024 is estimated at £2.9 million and the company has net assets of £398.2 thousand. According to their latest financial statements, Olive Grove Developments Ltd has 2 employees and maintains cash reserves of £142.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Turnover	2,896,273	3,755,498	3,816,313	5,166,612	4,710,357	1,658,370	826,993	274,880	4,963,870	1,414,284	7,672,514	5,799,787	6,064,486	287,891
Other Income Or Grants
Cost Of Sales	2,323,188	2,994,511	3,049,999	4,220,933	3,796,430	1,311,665	644,081	211,600	3,848,425	1,105,031	6,037,859	4,632,706	4,845,811	229,748
Gross Profit	573,085	760,987	766,314	945,679	913,927	346,705	182,913	63,280	1,115,445	309,253	1,634,655	1,167,081	1,218,675	58,143
Admin Expenses	562,691	556,653	846,776	1,181,546	680,214	278,720	123,903	25,561	1,016,678	43,554	1,222,431	985,150	1,305,131	39,387
Operating Profit	10,394	204,334	-80,462	-235,867	233,713	67,985	59,010	37,719	98,767	265,699	412,224	181,931	-86,456	18,756
Interest Payable		428	2,095	4,575	3,050			1,563	2,653	73,837	150,354	170,829	123,348	30,063
Interest Receivable	3,886	225	231	95	145	1,358	1,197	368	674	6,238	5,951	426	211	58
Pre-Tax Profit	14,280	204,131	-82,325	-240,347	230,807	69,343	60,207	36,525	96,789	198,100	267,822	11,527	-209,593	-11,248
Tax	-3,570	-51,033			-43,853	-13,175	-11,439	-6,940	-19,358	-39,620	-56,243	-2,651
Profit After Tax	10,710	153,098	-82,325	-240,347	186,954	56,168	48,768	29,585	77,431	158,480	211,579	8,876	-209,593	-11,248
Dividends Paid
Retained Profit	10,710	153,098	-82,325	-240,347	186,954	56,168	48,768	29,585	77,431	158,480	211,579	8,876	-209,593	-11,248
Employee Costs	82,532	86,178	83,641	77,851	80,177	87,875	127,708	77,073	614,987	162,931	734,058	638,714	675,828	35,058
Number Of Employees	2	2	2	2	2	2	3	2	15	4	19	17	18	1
EBITDA*	12,549	207,175	-76,639	-230,770	240,475	71,601	63,832	43,714	99,453	266,518	413,074	182,101	-86,456	18,756

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Tangible Assets	6,368	8,523	11,364	15,291	20,388	10,847	14,463	17,986	2,060	2,456	2,368	391	561
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	6,368	8,523	11,364	15,291	20,388	10,847	14,463	17,986	2,060	2,456	2,368	391	561
Stock & work in progress											6,000	3,168,175	3,626,342	899,263
Trade Debtors	547,555	756,615	750,584	953,364	710,639	276,511	103,768	17,888	455,946	93,743	673,879	39,102	30,018	5,527
Group Debtors
Misc Debtors	8,777	7,751	88,475	11,680	123,888	20,666	16,243	5,767	23,151
Cash	142,724	5,329	3,654	33,370	157,125	132,463	229,780	249,155	45,500	224,166	2,270,917	109,381	61,038	23,269
misc current assets			120	120	120	120	120	5,842
total current assets	699,056	769,695	842,833	998,534	991,772	429,760	349,911	278,652	524,597	317,909	2,950,796	3,316,658	3,717,398	928,059
total assets	705,424	778,218	854,197	1,013,825	1,012,160	440,607	364,374	296,638	526,657	320,365	2,953,164	3,317,049	3,717,959	928,059
Bank overdraft			7,787	50,000	100,000				50,002
Bank loan
Trade Creditors	796	24,450	51,467	31,504	177,164	48,342	31,680		215,154	130,553	713,159	1,142,941	1,068,383	14,207
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities	306,392	366,242	560,515	615,568	177,896	22,119	18,716	31,428	25,876
total current liabilities	307,188	390,692	619,769	697,072	455,060	70,461	50,396	31,428	291,032	130,553	713,159	1,142,941	1,068,383	14,207
loans										31,618	2,240,291	2,385,973	2,870,317	925,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities										31,618	2,240,291	2,385,973	2,870,317	925,000
total liabilities	307,188	390,692	619,769	697,072	455,060	70,461	50,396	31,428	291,032	162,171	2,953,450	3,528,914	3,938,700	939,207
net assets	398,236	387,526	234,428	316,753	557,100	370,146	313,978	265,210	235,625	158,194	-286	-211,865	-220,741	-11,148
total shareholders funds	398,236	387,526	234,428	316,753	557,100	370,146	313,978	265,210	235,625	158,194	-286	-211,865	-220,741	-11,148

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011
Operating Activities
Operating Profit	10,394	204,334	-80,462	-235,867	233,713	67,985	59,010	37,719	98,767	265,699	412,224	181,931	-86,456	18,756
Depreciation	2,155	2,841	3,823	5,097	6,762	3,616	4,822	5,995	686	819	850	170
Amortisation
Tax	-3,570	-51,033			-43,853	-13,175	-11,439	-6,940	-19,358	-39,620	-56,243	-2,651
Stock										-6,000	-3,162,175	-458,167	2,727,079	899,263
Debtors	-208,034	-74,693	-125,985	130,517	537,350	177,166	96,356	-455,442	385,354	-580,136	634,777	9,084	24,491	5,527
Creditors	-23,654	-27,017	19,963	-145,660	128,822	16,662	31,680	-215,154	84,601	-582,606	-429,782	74,558	1,054,176	14,207
Accruals and Deferred Income	-59,850	-194,273	-55,053	437,672	155,777	3,403	-12,712	5,552	25,876
Deferred Taxes & Provisions
Cash flow from operations	133,509	9,545	14,256	-69,275	-56,129	-98,675	-24,995	282,614	-194,782	230,428	2,454,447	703,091	-1,783,850	-871,827
Investing Activities
capital expenditure			104		-16,303		-1,299	-21,921	-290	-907	-2,827		-561
Change in Investments
cash flow from investments			104		-16,303		-1,299	-21,921	-290	-907	-2,827		-561
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans									-31,618	-2,208,673	-145,682	-484,344	1,945,317	925,000
Hire Purchase and Lease Commitments
other long term liabilities
share issue														100
interest	3,886	-203	-1,864	-4,480	-2,905	1,358	1,197	-1,195	-1,979	-67,599	-144,403	-170,403	-123,137	-30,005
cash flow from financing	3,886	-203	-1,864	-4,480	-2,905	1,358	1,197	-1,195	-33,597	-2,276,272	-290,085	-654,747	1,822,180	895,095
cash and cash equivalents
cash	137,395	1,675	-29,716	-123,755	24,662	-97,317	-19,375	203,655	-178,666	-2,046,751	2,161,536	48,343	37,769	23,269
overdraft		-7,787	-42,213	-50,000	100,000			-50,002	50,002
change in cash	137,395	9,462	12,497	-73,755	-75,338	-97,317	-19,375	253,657	-228,668	-2,046,751	2,161,536	48,343	37,769	23,269

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OLIVE GROVE DEVELOPMENTS LTD group structure

Olive Grove Developments Ltd has no subsidiary companies.

Ultimate parent company

OLIVE GROVE DEVELOPMENTS LTD

05853004

OLIVE GROVE DEVELOPMENTS LTD Shareholders

laura artemi	25%
claire gibbs	25%
paul artemi	25%
stephen gibbs	25%

Olive Grove Developments Ltd currently has 2 directors. The longest serving directors include Mr Stephen Gibbs (Jun 2006) and Mr Paul Artemi (Jun 2006).

officer	country	age	start	end	role
Mr Stephen Gibbs	United Kingdom	55 years	Jun 2006	-	Director
Mr Paul Artemi	England	55 years	Jun 2006	-	Director

P&L

June 2024

turnover

2.9m

-23%

operating profit

10.4k

gross margin

19.8%

-2.35%

turnover

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

Balance Sheet

June 2024

net assets

398.2k

+0.03%

total assets

705.4k

-0.09%

cash

142.7k

+25.78%

net assets

Total assets minus all liabilities

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company number

05853004

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

June 2006

ultimate parent company

None

previous names

N/A

address

unit 20 wrotham business park, wrotham park, barnet, hertfordshire, EN5 4SZ

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 5 charges/mortgages relating to olive grove developments ltd. Currently there are 2 open charges and 3 have been satisfied in the past.

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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olive grove developments ltd Company Information

olive grove developments ltd Estimated Valuation

olive grove developments ltd Estimated Valuation

olive grove developments ltd Estimated Valuation

Olive Grove Developments Ltd Overview

Olive Grove Developments Ltd Health Check

OLIVE GROVE DEVELOPMENTS LTD financials

olive grove developments ltd Credit Report and Business Information

Olive Grove Developments Ltd Competitor Analysis

olive grove developments ltd Ownership

olive grove developments ltd directors

olive grove developments ltd company details

olive grove developments ltd Charges & Mortgages

olive grove developments ltd Capital Raised & Share Issues BETA

olive grove developments ltd Companies House Filings - See Documents