grand parade limited
grand parade limited Company Information
Company Number
05914860
Website
www.grandparade.co.ukRegistered Address
1 bedford avenue, london, WC1B 3AU
Industry
Computer consultancy activities
Telephone
02075807744
Next Accounts Due
36 days late
Group Structure
View All
Shareholders
william hill organization limited 100%
grand parade limited Estimated Valuation
Pomanda estimates the enterprise value of GRAND PARADE LIMITED at £19.2m based on a Turnover of £30.2m and 0.64x industry multiple (adjusted for size and gross margin).
grand parade limited Estimated Valuation
Pomanda estimates the enterprise value of GRAND PARADE LIMITED at £0 based on an EBITDA of £-6.3m and a 4.57x industry multiple (adjusted for size and gross margin).
grand parade limited Estimated Valuation
Pomanda estimates the enterprise value of GRAND PARADE LIMITED at £16.3m based on Net Assets of £7.3m and 2.25x industry multiple (adjusted for liquidity).
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Grand Parade Limited Overview
Grand Parade Limited is a live company located in london, WC1B 3AU with a Companies House number of 05914860. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in August 2006, it's largest shareholder is william hill organization limited with a 100% stake. Grand Parade Limited is a established, large sized company, Pomanda has estimated its turnover at £30.2m with rapid growth in recent years.
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Grand Parade Limited Health Check
Pomanda's financial health check has awarded Grand Parade Limited a 2.5 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
0 Regular
4 Weak
Size
annual sales of £30.2m, make it larger than the average company (£1.9m)
£30.2m - Grand Parade Limited
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 123%, show it is growing at a faster rate (4.4%)
123% - Grand Parade Limited
4.4% - Industry AVG
Production
with a gross margin of 4.6%, this company has a higher cost of product (46.3%)
4.6% - Grand Parade Limited
46.3% - Industry AVG
Profitability
an operating margin of -20.9% make it less profitable than the average company (7.5%)
-20.9% - Grand Parade Limited
7.5% - Industry AVG
Employees
with 136 employees, this is above the industry average (16)
- Grand Parade Limited
16 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Grand Parade Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £222.4k, this is more efficient (£127.8k)
- Grand Parade Limited
£127.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Grand Parade Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (30 days)
0 days - Grand Parade Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Grand Parade Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Grand Parade Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.4%, this is a higher level of debt than the average (59.3%)
94.4% - Grand Parade Limited
59.3% - Industry AVG
GRAND PARADE LIMITED financials
Grand Parade Limited's latest turnover from December 2022 is £30.2 million and the company has net assets of £7.3 million. According to their latest financial statements, we estimate that Grand Parade Limited has 136 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | Dec 2017 | Jul 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 30,246,000 | 5,484,000 | 2,791,000 | 2,721,000 | 2,548,000 | 3,857,000 | 4,519,000 | |||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Cost Of Sales | 28,855,000 | 3,814,000 | 3,670,000 | 911,000 | 2,636,000 | 2,432,000 | 2,772,000 | |||||||
| Gross Profit | 1,391,000 | 1,670,000 | -879,000 | 1,810,000 | -88,000 | 1,425,000 | 1,747,000 | |||||||
| Admin Expenses | 7,709,000 | -6,141,000 | 267,000 | -1,380,000 | -479,000 | 1,416,000 | 1,554,000 | |||||||
| Operating Profit | -6,318,000 | 7,811,000 | -1,146,000 | 3,190,000 | 391,000 | 9,000 | 193,000 | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 19,000 | 9,000 | 0 | |||||||
| Interest Receivable | 333,000 | 140,000 | 0 | 0 | 0 | 0 | 0 | |||||||
| Pre-Tax Profit | -5,985,000 | 7,951,000 | -1,008,000 | 3,227,000 | 372,000 | 0 | 193,000 | |||||||
| Tax | 1,497,000 | 0 | 0 | -1,000 | -3,000 | 0 | 108,000 | |||||||
| Profit After Tax | -4,488,000 | 7,951,000 | -1,008,000 | 3,226,000 | 369,000 | 0 | 301,000 | |||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Retained Profit | -4,488,000 | 7,951,000 | -1,008,000 | 3,226,000 | 369,000 | 0 | 301,000 | |||||||
| Employee Costs | 0 | 0 | 0 | 0 | 0 | 206,000 | 707,000 | 944,263 | ||||||
| Number Of Employees | ||||||||||||||
| EBITDA* | -6,318,000 | 7,811,000 | -1,146,000 | 3,190,000 | 399,000 | 20,000 | 199,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | Dec 2017 | Jul 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 66,000 | 64,000 | 65,000 | 70,000 | 19,000 | 25,026 | 38,622 | 82,678 | 128,266 | 13,910 | 4,759 | 4,770 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 227 |
| Investments & Other | 1,561,000 | 64,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,000 | 62,060 | 2,172 | 1,172 | 1,172 | 1,172 | 50 | 50 |
| Debtors (Due After 1 year) | 0 | 0 | 2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,561,000 | 64,000 | 64,000 | 64,000 | 65,000 | 70,000 | 81,000 | 87,086 | 40,794 | 83,850 | 129,438 | 15,082 | 4,809 | 5,047 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45,062 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 783,000 | 1,650,000 | 1,390,000 | 666,326 | 440,863 | 422,350 | 357,911 | 393,451 | 302,927 | 117,793 |
| Group Debtors | 127,962,000 | 107,908,000 | 77,248,000 | 53,332,000 | 23,011,000 | 8,330,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 126,000 | 164,000 | 158,000 | 136,000 | 277,000 | 171,000 | 246,000 | 0 | 0 | 0 | 6,421 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 111,000 | 577,495 | 289,289 | 133,860 | 267,274 | 271,252 | 188,588 | 57,771 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 128,088,000 | 108,072,000 | 77,406,000 | 53,468,000 | 24,071,000 | 10,151,000 | 1,747,000 | 1,243,821 | 775,214 | 556,210 | 631,606 | 664,703 | 491,515 | 175,564 |
| total assets | 129,649,000 | 108,136,000 | 77,470,000 | 53,532,000 | 24,136,000 | 10,221,000 | 1,828,000 | 1,330,907 | 816,008 | 640,060 | 761,044 | 679,785 | 496,324 | 180,611 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | 5,000 | 351,000 | 340,768 | 150,537 | 148,863 | 261,286 | 175,024 | 176,646 | 107,577 |
| Group/Directors Accounts | 121,271,000 | 95,150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,579 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 1,101,000 | 1,221,000 | 73,656,000 | 48,710,000 | 22,540,000 | 9,002,000 | 242,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 122,386,000 | 96,385,000 | 73,670,000 | 48,724,000 | 22,554,000 | 9,007,000 | 614,000 | 340,768 | 150,537 | 148,863 | 261,286 | 178,603 | 176,646 | 107,577 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 75,304 | 75,828 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 2,000 | 1,000 | 2,107 | 2,372 | 5,958 | 12,738 | 2,979 | 355 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 77,411 | 78,200 | 5,958 | 12,738 | 2,979 | 355 | 0 |
| total liabilities | 122,386,000 | 96,385,000 | 73,670,000 | 48,724,000 | 22,554,000 | 9,008,000 | 615,000 | 418,179 | 228,737 | 154,821 | 274,024 | 181,582 | 177,001 | 107,577 |
| net assets | 7,263,000 | 11,751,000 | 3,800,000 | 4,808,000 | 1,582,000 | 1,213,000 | 1,213,000 | 912,728 | 587,271 | 485,239 | 487,020 | 498,203 | 319,323 | 73,034 |
| total shareholders funds | 7,263,000 | 11,751,000 | 3,800,000 | 4,808,000 | 1,582,000 | 1,213,000 | 1,213,000 | 912,728 | 587,271 | 485,239 | 487,020 | 498,203 | 319,323 | 73,034 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Jan 2019 | Dec 2017 | Jul 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | -6,318,000 | 7,811,000 | -1,146,000 | 3,190,000 | 391,000 | 9,000 | 193,000 | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 8,000 | 11,000 | 6,000 | 36,323 | 51,962 | 57,992 | 16,785 | 4,685 | 4,333 | 4,306 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 227 | 228 |
| Tax | 1,497,000 | 0 | 0 | -1,000 | -3,000 | 0 | 108,000 | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -45,062 | 45,062 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 20,016,000 | 30,664,000 | 23,938,000 | 53,470,000 | 24,071,000 | 8,515,000 | 969,674 | 225,463 | 18,513 | 58,018 | -29,119 | 90,524 | 185,134 | 117,793 |
| Creditors | 0 | 0 | 0 | 14,000 | 14,000 | -346,000 | 10,232 | 190,231 | 1,674 | -112,423 | 86,262 | -1,622 | 69,069 | 107,577 |
| Accruals and Deferred Income | -120,000 | -72,435,000 | 24,946,000 | 48,710,000 | 22,540,000 | 8,760,000 | 166,696 | -524 | 75,828 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 1,000 | -1,107 | -265 | -3,586 | -6,780 | 9,759 | 2,624 | 355 | 0 |
| Cash flow from operations | -24,957,000 | -95,288,000 | -138,000 | -1,557,000 | -1,121,000 | -80,000 | -486,853 | |||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 1,497,000 | 2,000 | 0 | 62,000 | 62,000 | 0 | -60 | 59,888 | 1,000 | 0 | 0 | 1,122 | 0 | 50 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 26,121,000 | 95,150,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,579 | 3,579 | 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 | 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 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 333,000 | 140,000 | 0 | 0 | -19,000 | -9,000 | 0 | |||||||
| cash flow from financing | 26,454,000 | 95,290,000 | 0 | 1,582,000 | 1,194,000 | -9,000 | -728 | |||||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | -111,000 | -466,495 | 288,206 | 155,429 | -133,414 | -3,978 | 82,664 | 130,817 | 57,771 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -21,000 | 21,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | -90,000 | -487,495 | 288,206 | 155,429 | -133,414 | -3,978 | 82,664 | 130,817 | 57,771 |
grand parade limited Credit Report and Business Information
Grand Parade Limited Competitor Analysis
Perform a competitor analysis for grand parade limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in WC1B area or any other competitors across 12 key performance metrics.
grand parade limited Ownership
GRAND PARADE LIMITED group structure
Grand Parade Limited has no subsidiary companies.
Ultimate parent company
WILLIAM HILL CAYMAN HOLDINGS LIMITED
#0135820
2 parents
GRAND PARADE LIMITED
05914860
grand parade limited directors
Grand Parade Limited currently has 3 directors. The longest serving directors include Mr Simon Callander (Mar 2020) and Mr Philip Le-Grice (Jul 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Callander | Scotland | 56 years | Mar 2020 | - | Director |
| Mr Philip Le-Grice | United Kingdom | 38 years | Jul 2021 | - | Director |
| Ms Josie-Azzara Havita | United Kingdom | 45 years | Jun 2022 | - | Director |
P&L
December 2022turnover
30.2m
+452%
operating profit
-6.3m
-181%
gross margin
4.6%
-84.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
7.3m
-0.38%
total assets
129.6m
+0.2%
cash
0
0%
net assets
Total assets minus all liabilities
grand parade limited company details
company number
05914860
Type
Private limited with Share Capital
industry
62020 - Computer consultancy activities
incorporation date
August 2006
age
18
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
December 2022
previous names
smoothlake limited (November 2006)
accountant
-
auditor
-
address
1 bedford avenue, london, WC1B 3AU
Bank
-
Legal Advisor
-
grand parade 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 4 charges/mortgages relating to grand parade limited. Currently there are 0 open charges and 4 have been satisfied in the past.
grand parade limited Companies House Filings - See Documents
| date | description | view/download |
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