Grass Converters Limited

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grass converters limited Company Information

Company Number

06942136

Next Accounts

Sep 2025

Directors

Matthew Venables

Nicola Venables

Shareholders

mr john venables

mrs jaqueline venables

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Group Structure

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Industry

Mixed farming

Registered Address

bryn celli ddu llanddaniel, anglesey, LL61 6EQ

Website

grass converters limited Estimated Valuation

£3.8m

Pomanda estimates the enterprise value of GRASS CONVERTERS LIMITED at £3.8m based on an EBITDA of £1m and a 3.77x industry multiple (adjusted for size and gross margin).

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Grass Converters Limited is a live company located in anglesey, LL61 6EQ with a Companies House number of 06942136. It operates in the mixed farming sector, SIC Code 01500. Founded in June 2009, it's largest shareholder is mr john venables with a 50% stake. Grass Converters Limited is a established, small sized company, Pomanda has estimated its turnover at £897k with rapid growth in recent years.

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Pomanda's financial health check has awarded Grass Converters Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £897k, make it in line with the average company (£993.1k)

Growth

3 year (CAGR) sales growth of 49%, show it is growing at a faster rate (10%)

EXPORT

Grass Converters Limited's latest turnover from December 2023 is estimated at £897 thousand and the company has net assets of £810.8 thousand. According to their latest financial statements, Grass Converters Limited has 5 employees and maintains cash reserves of £139.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Turnover	896,986	789,042	426,543	272,272	526,155	1,106,512	1,238,557	1,200,460	1,261,945	4,091,480	4,759,338	387,834	340,690
Other Income Or Grants
Cost Of Sales	608,814	496,618	272,759	175,828	328,748	682,361	794,500	780,176	821,620	2,657,065	3,149,163	245,190	223,023
Gross Profit	288,172	292,424	153,784	96,444	197,407	424,151	444,057	420,284	440,324	1,434,415	1,610,175	142,644	117,667
Admin Expenses	-718,470	133,652	121,421	-318,116	162,238	205,996	216,741	420,666	443,064	1,259,985	1,542,517	-37,814	30,174
Operating Profit	1,006,642	158,772	32,363	414,560	35,169	218,155	227,316	-382	-2,740	174,430	67,658	180,458	87,493
Interest Payable	180,609	221,715	166,634	151,088	166,665	168,575	147,075	125,119	65,328
Interest Receivable	3,665								108	207	101	7	6
Pre-Tax Profit	829,699	-62,943	-134,271	263,472	-131,496	49,580	80,241	-125,501	-67,960	174,637	67,758	180,466	87,499
Tax	-207,425			-50,060		-9,420	-15,246			-36,674	-15,584	-43,312	-22,750
Profit After Tax	622,274	-62,943	-134,271	213,412	-131,496	40,160	64,995	-125,501	-67,960	137,963	52,174	137,154	64,749
Dividends Paid
Retained Profit	622,274	-62,943	-134,271	213,412	-131,496	40,160	64,995	-125,501	-67,960	137,963	52,174	137,154	64,749
Employee Costs	142,515	125,021	122,269	116,167	97,750	234,675	233,985	318,342	267,474	1,027,070	1,104,934	98,821	96,766
Number Of Employees	5	5	5	5	4	10	10	13	10	37	43	4	4
EBITDA*	1,009,030	166,630	34,549	420,822	44,492	254,882	274,937	44,650	43,010	202,134	68,017	180,458	87,493

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Tangible Assets	13,624	31,060	38,018	42,447	18,569	159,089	181,559	201,179	218,680	95,257	20,261
Intangible Assets					4,684	9,369	20,391	33,158	58,299	82,533
Investments & Other	310,618	275,364	181,415	149,768	107,404	764,948	1,191,828	1,008,417	999,299	787,584
Debtors (Due After 1 year)
Total Fixed Assets	324,242	306,424	219,433	192,215	130,657	933,406	1,393,778	1,242,754	1,276,278	965,374	20,261
Stock & work in progress	528,905	612,339	612,339	220,589	602,023	1,346,862	1,401,288	884,000	991,050	1,200,725	1,696,375	232,250	79,100
Trade Debtors	80,528	75,467	11,634	12,955		58,856	86,757	121,143	147,606	145,460	231,258	39,122	45,074
Group Debtors	1,269,600	984,660	2,322,196	1,519,753	1,869,105
Misc Debtors	102,003	191,137	135,416	1,043,734	107,249	588,569	175,348	127,090	72,652
Cash	139,637									43,067	39,770	513	2,425
misc current assets
total current assets	2,120,673	1,863,603	3,081,585	2,797,031	2,578,377	1,994,287	1,663,393	1,132,233	1,211,308	1,389,252	1,967,403	271,885	126,599
total assets	2,444,915	2,170,027	3,301,018	2,989,246	2,709,034	2,927,693	3,057,171	2,374,987	2,487,586	2,354,626	1,987,664	271,885	126,599
Bank overdraft		42,669	593,202	691,156	221,776	281,499	250,355	212,404
Bank loan	138,249	140,681	103,223	65,967	94,184	61,939	60,781	42,258
Trade Creditors	7,035	5,624	1,519	1,849	5,237	63,157	170,501	112,152	57,597	1,869,219	1,729,531	69,978	61,846
Group/Directors Accounts		12,718	12,753
other short term finances	667,123	917,218	1,301,361	1,135,843	1,260,097	1,363,702	1,405,857	1,375,644	1,598,023
hp & lease commitments					341	9,463	4,213	5,948
other current liabilities	227,672	149,103	181,603	123,008	53,540	61,539	59,770	52,299	84,304
total current liabilities	1,040,079	1,268,013	2,193,661	2,017,823	1,635,175	1,841,299	1,951,477	1,800,705	1,739,924	1,869,219	1,729,531	69,978	61,846
loans	591,422	713,463	855,863	585,658	899,031	756,001	814,683	363,410	412,057
hp & lease commitments						3,404	4,555
Accruals and Deferred Income
other liabilities										75,872
provisions	2,589				2,475	23,140	22,782	12,193	11,425	17,395	4,052
total long term liabilities	594,011	713,463	855,863	585,658	901,506	782,545	842,020	375,603	423,482	93,267	4,052
total liabilities	1,634,090	1,981,476	3,049,524	2,603,481	2,536,681	2,623,844	2,793,497	2,176,308	2,163,406	1,962,486	1,733,583	69,978	61,846
net assets	810,825	188,551	251,494	385,765	172,353	303,849	263,674	198,679	324,180	392,140	254,081	201,907	64,753
total shareholders funds	810,825	188,551	251,494	385,765	172,353	303,849	263,674	198,679	324,180	392,140	254,081	201,907	64,753

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011
Operating Activities
Operating Profit	1,006,642	158,772	32,363	414,560	35,169	218,155	227,316	-382	-2,740	174,430	67,658	180,458	87,493
Depreciation	2,388	7,858	1,093	1,578	4,638	28,795	34,854	34,168	32,281	9,929	359
Amortisation			1,093	4,684	4,685	7,932	12,767	10,864	13,469	17,775
Tax	-207,425			-50,060		-9,420	-15,246			-36,674	-15,584	-43,312	-22,750
Stock	-83,434		391,750	-381,434	-744,839	-54,426	517,288	-107,050	-209,675	-495,650	1,464,125	153,150	79,100
Debtors	200,867	-1,217,982	-107,196	600,088	1,328,929	385,320	13,872	27,975	74,798	-85,798	192,136	-5,952	45,074
Creditors	1,411	4,105	-330	-3,388	-57,920	-107,344	58,349	54,555	-1,811,622	139,688	1,659,553	8,132	61,846
Accruals and Deferred Income	78,569	-32,500	58,595	69,468	-7,999	1,769	7,471	-32,005	84,304
Deferred Taxes & Provisions	2,589			-2,475	-20,665	358	10,589	768	-5,970	13,343	4,052
Cash flow from operations	766,741	1,356,217	-191,740	215,713	-626,182	-190,649	-195,060	147,043	-1,555,401	899,939	59,777	-1,920	2,415
Investing Activities
capital expenditure	15,048	-900	2,243	-25,456	135,882	-3,235	-15,234	-2,390	-144,939	-185,233	-20,620
Change in Investments	35,254	93,949	31,647	42,364	-657,544	-426,880	183,411	9,118	211,715	787,584
cash flow from investments	-20,206	-94,849	-29,404	-67,820	793,426	423,645	-198,645	-11,508	-356,654	-972,817	-20,620
Financing Activities
Bank loans	-2,432	37,458	37,256	-28,217	32,245	1,158	18,523	42,258
Group/Directors Accounts	-12,718	-35	12,753
Other Short Term Loans	-250,095	-384,143	165,518	-124,254	-103,605	-42,155	30,213	-222,379	1,598,023
Long term loans	-122,041	-142,400	270,205	-313,373	143,030	-58,682	451,273	-48,647	412,057
Hire Purchase and Lease Commitments				-341	-12,526	4,099	2,820	5,948
other long term liabilities									-75,872	75,872
share issue						15				96			4
interest	-176,944	-221,715	-166,634	-151,088	-166,665	-168,575	-147,075	-125,119	-65,220	207	101	7	6
cash flow from financing	-564,230	-710,835	319,098	-617,273	-107,521	-264,140	355,754	-347,939	1,868,988	76,175	101	7	10
cash and cash equivalents
cash	139,637								-43,067	3,297	39,257	-1,912	2,425
overdraft	-42,669	-550,533	-97,954	469,380	-59,723	31,144	37,951	212,404
change in cash	182,306	550,533	97,954	-469,380	59,723	-31,144	-37,951	-212,404	-43,067	3,297	39,257	-1,912	2,425

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for grass converters limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other small companies, companies in LL61 area or any other competitors across 12 key performance metrics.

GRASS CONVERTERS LIMITED group structure

Grass Converters Limited has 4 subsidiary companies.

Ultimate parent company

GRASS CONVERTERS LIMITED

06942136

4 subsidiaries

PENRHIW GRASS CONVERTERS LIMITED

13386790

GH GRASS CONVERTERS LIMITED

11651157

MYNACHDY GRASS CONVERTERS LIMITED

09045791

PH GRASS CONVERTERS LIMITED

11651155

GRASS CONVERTERS LIMITED Shareholders

mr john venables	49.99%
mrs jaqueline venables	49.99%
mr matthew venables	0.01%
mrs nicola venables	0.01%
mr john & mrs jacqueline venables venables	0%

Grass Converters Limited currently has 2 directors. The longest serving directors include Mr Matthew Venables (Oct 2009) and Mrs Nicola Venables (Feb 2011).

officer	country	age	start	end	role
Mr Matthew Venables	United Kingdom	42 years	Oct 2009	-	Director
Mrs Nicola Venables	United Kingdom	39 years	Feb 2011	-	Director

P&L

December 2023

turnover

897k

+14%

operating profit

gross margin

32.2%

-13.31%

turnover

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

Balance Sheet

December 2023

net assets

810.8k

+3.3%

total assets

2.4m

+0.13%

cash

139.6k

net assets

Total assets minus all liabilities

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company number

06942136

Type

Private limited with Share Capital

industry

01500 - Mixed farming

incorporation date

June 2009

ultimate parent company

None

previous names

green to white limited (March 2011)

address

bryn celli ddu llanddaniel, anglesey, LL61 6EQ

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 grass converters limited. Currently there are 3 open charges and 1 have been satisfied in the past.

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grass converters limited Company Information

grass converters limited Estimated Valuation

grass converters limited Estimated Valuation

grass converters limited Estimated Valuation

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GRASS CONVERTERS LIMITED financials

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