Grandline Plastering Limited

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grandline plastering limited Company Information

Live (In Liquidation)

EstablishedSmallDeclining

Company Number

05968357

Website

www.grandlineplastering.com

Registered Address

1-4 london road, spalding, lincolnshire, PE11 2TA

Industry

Plastering

Telephone

01945589910

Next Accounts Due

March 2025

Group Structure

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Directors

Richard Lane17 Years

Andrew Wiles17 Years

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Shareholders

andrew wiles 33.2%

john stanford 33.2%

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grandline plastering limited Estimated Valuation

£2m

Pomanda estimates the enterprise value of GRANDLINE PLASTERING LIMITED at £2m based on Net Assets of £776.7k and 2.6x industry multiple (adjusted for liquidity).

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Grandline Plastering Limited is a live company located in lincolnshire, PE11 2TA with a Companies House number of 05968357. It operates in the plastering sector, SIC Code 43310. Founded in October 2006, it's largest shareholder is andrew wiles with a 33.2% stake. Grandline Plastering Limited is a established, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Grandline Plastering Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.3m, make it larger than the average company (£162.4k)

Growth

3 year (CAGR) sales growth of -50%, show it is growing at a slower rate (5.6%)

EXPORT

Grandline Plastering Limited's latest turnover from June 2023 is estimated at £1.3 million and the company has net assets of £776.7 thousand. According to their latest financial statements, Grandline Plastering Limited has 8 employees and maintains cash reserves of £41.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	Jun 2010
Turnover	1,260,460	12,267,356	6,584,197	10,271,994	8,317,721	7,538,406	6,460,113	4,776,481	3,987,036	2,608,316	2,940,066	1,897,424	1,048,445	534,341
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	909,396	9,312,332	4,807,630	7,147,147	5,491,580	5,309,530	4,497,250	3,494,045	2,831,095	1,909,442	1,949,882	1,227,678	682,333	355,050
Gross Profit	351,064	2,955,024	1,776,567	3,124,846	2,826,141	2,228,877	1,962,863	1,282,436	1,155,941	698,875	990,184	669,745	366,111	179,292
Admin Expenses	571,822	2,880,555	1,823,359	3,428,661	2,335,774	1,710,429	1,700,455	1,084,826	976,285	679,176	984,815	668,793	363,031	177,823
Operating Profit	-220,758	74,469	-46,792	-303,815	490,367	518,448	262,408	197,610	179,656	19,699	5,369	952	3,080	1,469
Interest Payable	17,091	19,819	12,303	6,992	6,310	6,308	6,319	3,356	0	0	0	1,538	2,225	686
Interest Receivable	1,048	474	244	301	2,023	1,331	436	414	0	0	0	0	0	0
Pre-Tax Profit	-236,801	55,123	-58,851	-310,506	486,080	513,472	256,525	194,669	179,656	19,699	5,369	-586	855	783
Tax	0	-10,473	0	0	-92,355	-97,560	-48,740	-38,934	-35,931	-4,137	-1,235	0	-222	-219
Profit After Tax	-236,801	44,650	-58,851	-310,506	393,725	415,912	207,785	155,735	143,725	15,562	4,134	-586	633	564
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-236,801	44,650	-58,851	-310,506	393,725	415,912	207,785	155,735	143,725	15,562	4,134	-586	633	564
Employee Costs	206,596	289,070	341,360	307,928	395,010	308,904	392,411	788,553	384,455	308,723	445,934	331,498	222,571	130,459
Number Of Employees	8	13	15	14	14	11	12	22	12	9	13	10	7	4
EBITDA*	-202,181	157,256	62,370	-218,595	590,397	598,295	347,231	262,601	228,101	36,580	15,412	9,372	15,763	8,941

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	Jun 2010
Tangible Assets	67,535	733,663	815,210	444,055	454,477	394,916	408,164	346,714	150,104	54,771	34,776	34,570	50,107	34,949
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	500	500
Total Fixed Assets	67,535	733,663	815,210	444,055	454,477	394,916	408,164	346,714	150,104	54,771	34,776	34,570	50,607	35,449
Stock & work in progress	0	0	94,132	154,924	67,383	66,042	68,100	19,800	18,906	56,312	15,168	11,450	170,246	83,203
Trade Debtors	212,609	1,994,283	1,393,943	1,604,410	1,782,118	1,375,263	986,502	678,802	487,926	264,119	299,750	227,623	34,370	29,147
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	671,433	74,694	126,560	10,724	0	21,160	5,505	6,681	0	0	0	0	0	0
Cash	41,544	381	75,504	411,673	190,520	348,930	183,360	165,601	69	61	0	0	66	50
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	925,586	2,069,358	1,690,139	2,181,731	2,040,021	1,811,395	1,243,467	870,884	506,901	320,492	314,918	239,073	204,682	112,400
total assets	993,121	2,803,021	2,505,349	2,625,786	2,494,498	2,206,311	1,651,631	1,217,598	657,005	375,263	349,694	273,643	255,289	147,849
Bank overdraft	29,989	47,439	15,286	3,666	3,896	3,910	4,580	5,250	0	0	0	0	47,337	21,114
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,238	956,373	655,285	759,283	494,558	617,844	486,893	346,405	491,971	353,954	343,947	265,196	173,137	96,178
Group/Directors Accounts	0	0	0	0	0	0	0	32,052	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	46,914	83,270	83,676	82,889	81,152	84,984	65,382	73,586	0	0	0	0	0	0
other current liabilities	124,165	290,617	241,209	355,025	294,358	301,250	283,285	193,987	0	0	0	0	0	0
total current liabilities	205,306	1,377,699	995,456	1,200,863	873,964	1,007,988	840,140	651,280	491,971	353,954	343,947	265,196	220,474	117,292
loans	0	233,313	250,704	133,723	87,962	91,200	94,390	98,000	0	0	0	0	0	0
hp & lease commitments	0	129,402	226,127	186,030	194,381	162,657	188,547	147,549	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	0	0	0	0	22,618	21,993
provisions	11,129	49,120	64,225	77,482	0	0	0	0	0	0	0	6,834	10,000	7,000
total long term liabilities	11,129	411,835	541,056	397,235	282,343	253,857	282,937	245,549	0	0	0	6,834	32,618	28,993
total liabilities	216,435	1,789,534	1,536,512	1,598,098	1,156,307	1,261,845	1,123,077	896,829	491,971	353,954	343,947	272,030	253,092	146,285
net assets	776,686	1,013,487	968,837	1,027,688	1,338,191	944,466	528,554	320,769	165,034	21,309	5,747	1,613	2,197	1,564
total shareholders funds	776,686	1,013,487	968,837	1,027,688	1,338,191	944,466	528,554	320,769	165,034	21,309	5,747	1,613	2,197	1,564

	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	Jun 2010
Operating Activities
Operating Profit	-220,758	74,469	-46,792	-303,815	490,367	518,448	262,408	197,610	179,656	19,699	5,369	952	3,080	1,469
Depreciation	18,577	82,787	109,162	85,220	100,030	79,847	84,823	64,991	48,445	16,881	10,043	8,420	12,683	7,472
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-10,473	0	0	-92,355	-97,560	-48,740	-38,934	-35,931	-4,137	-1,235	0	-222	-219
Stock	0	-94,132	-60,792	87,541	1,341	-2,058	48,300	894	-37,406	41,144	3,718	-158,796	87,043	83,203
Debtors	-1,184,935	548,474	-94,631	-166,984	385,695	404,416	306,524	197,557	223,807	-35,631	72,127	192,753	5,223	29,647
Creditors	-952,135	301,088	-103,998	264,725	-123,286	130,951	140,488	-145,566	138,017	10,007	78,751	92,059	76,959	96,178
Accruals and Deferred Income	-166,452	49,408	-113,816	60,667	-6,892	17,965	89,298	193,987	0	0	0	0	0	0
Deferred Taxes & Provisions	-37,991	-15,105	-13,257	77,482	0	0	0	0	0	0	-6,834	-3,166	3,000	7,000
Cash flow from operations	-173,824	27,832	-13,278	263,722	-19,172	247,293	173,453	73,637	143,786	36,937	10,249	64,308	3,234	-950
Investing Activities
capital expenditure	647,551	-1,240	-480,317	-74,798	-159,591	-66,599	-146,273	-261,601	-143,778	-36,876	-10,249	7,117	-27,841	-42,421
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	647,551	-1,240	-480,317	-74,798	-159,591	-66,599	-146,273	-261,601	-143,778	-36,876	-10,249	7,117	-27,841	-42,421
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	-32,052	32,052	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	-233,313	-17,391	116,981	45,761	-3,238	-3,190	-3,610	98,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-165,758	-97,131	40,884	-6,614	27,892	-6,288	32,794	221,135	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-22,618	625	21,993
share issue	0	0	0	3	0	0	0	0	0	0	0	2	0	1,000
interest	-16,043	-19,345	-12,059	-6,691	-4,287	-4,977	-5,883	-2,942	0	0	0	-1,538	-2,225	-686
cash flow from financing	-415,114	-133,867	145,806	32,459	20,367	-14,455	-8,751	348,245	0	0	0	-24,154	-1,600	22,307
cash and cash equivalents
cash	41,163	-75,123	-336,169	221,153	-158,410	165,570	17,759	165,532	8	61	0	-66	16	50
overdraft	-17,450	32,153	11,620	-230	-14	-670	-670	5,250	0	0	0	-47,337	26,223	21,114
change in cash	58,613	-107,276	-347,789	221,383	-158,396	166,240	18,429	160,282	8	61	0	47,271	-26,207	-21,064

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRANDLINE PLASTERING LIMITED group structure

Grandline Plastering Limited has no subsidiary companies.

Ultimate parent company

GRANDLINE PLASTERING LIMITED

05968357

GRANDLINE PLASTERING LIMITED Shareholders

andrew wiles	33.23%
john stanford	33.23%
richard lane	33.23%
belinda lane	0.1%
jane stanford	0.1%
helen wiles	0.1%

Grandline Plastering Limited currently has 3 directors. The longest serving directors include Mr Richard Lane (Oct 2006) and Mr Andrew Wiles (Oct 2006).

officer	age	start	end	role
Mr Richard Lane	53 years	Oct 2006	-	Director
Mr Andrew Wiles	54 years	Oct 2006	-	Director
Mr John Stanford	57 years	Jan 2012	-	Director

P&L

June 2023

turnover

1.3m

-90%

operating profit

-220.8k

gross margin

27.9%

+15.62%

turnover

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

Balance Sheet

June 2023

net assets

776.7k

-0.23%

total assets

993.1k

-0.65%

cash

41.5k

+108.04%

net assets

Total assets minus all liabilities

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company number

05968357

Type

Private limited with Share Capital

industry

43310 - Plastering

incorporation date

October 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

1-4 london road, spalding, lincolnshire, PE11 2TA

last accounts submitted

June 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 grandline plastering limited. Currently there are 1 open charges and 2 have been satisfied in the past.

grandline plastering limited Company Information

grandline plastering limited Estimated Valuation

grandline plastering limited Estimated Valuation

grandline plastering limited Estimated Valuation

Grandline Plastering Limited Overview

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GRANDLINE PLASTERING LIMITED financials

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