Pomanda estimates the enterprise value of GRID SMARTER CITIES LTD at £822.8k based on a Turnover of £1m and 0.8x industry multiple (adjusted for size and gross margin).
grid smarter cities ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of GRID SMARTER CITIES LTD at £0 based on an EBITDA of £-1.3m and a 4.74x industry multiple (adjusted for size and gross margin).
grid smarter cities ltdEstimated Valuation
£2.6m
Pomanda estimates the enterprise value of GRID SMARTER CITIES LTD at £2.6m based on Net Assets of £1.1m and 2.36x industry multiple (adjusted for liquidity).
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Grid Smarter Cities LtdOverview
Grid Smarter Cities Ltd is a live company located in newcastle upon tyne, NE16 3AS with a Companies House number of 07047102. It operates in the business and domestic software development sector, SIC Code 62012. Founded in October 2009, it's largest shareholder is
david john comyn
with a 41.6% stake. Grid Smarter Cities Ltd is a established,
small sized company, Pomanda has estimated its turnover at
£1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Grid Smarter Cities Ltd 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 £1m, make it smaller than the average company (£3.6m)
£1m - Grid Smarter Cities Ltd
£3.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 12%, show it is growing at a faster rate (8.6%)
12% - Grid Smarter Cities Ltd
8.6% - Industry AVG
Production
with a gross margin of 72.1%, this company has a comparable cost of product (72.1%)
72.1% - Grid Smarter Cities Ltd
72.1% - Industry AVG
Profitability
an operating margin of -127.1% make it less profitable than the average company (3.9%)
-127.1% - Grid Smarter Cities Ltd
3.9% - Industry AVG
Employees
with 21 employees, this is below the industry average (33)
21 - Grid Smarter Cities Ltd
33 - Industry AVG
Pay Structure
on an average salary of £67k, the company has an equivalent pay structure (£67k)
£67k - Grid Smarter Cities Ltd
£67k - Industry AVG
Efficiency
resulting in sales per employee of £49.3k, this is less efficient (£113.7k)
£49.3k - Grid Smarter Cities Ltd
£113.7k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (61 days)
7 days - Grid Smarter Cities Ltd
61 days - Industry AVG
Creditor Days
its suppliers are paid after 141 days, this is slower than average (43 days)
141 days - Grid Smarter Cities Ltd
43 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Grid Smarter Cities Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 14 weeks, this is less cash available to meet short term requirements (20 weeks)
14 weeks - Grid Smarter Cities Ltd
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 57%, this is a similar level of debt than the average (60.4%)
57% - Grid Smarter Cities Ltd
60.4% - Industry AVG
GRID SMARTER CITIES LTD financials
EXPORT
Grid Smarter Cities Ltd's latest turnover from September 2023 is estimated at £1 million and the company has net assets of £1.1 million. According to their latest financial statements, Grid Smarter Cities Ltd has 21 employees and maintains cash reserves of £113.6 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Turnover
1,034,346
1,060,027
973,305
732,118
565,709
534,745
317,387
199,916
1,931,382
606,341
81,044
29,928
16,427
2,282
Other Income Or Grants
Cost Of Sales
288,421
284,002
260,722
193,845
144,515
133,900
81,333
50,208
481,317
157,361
20,748
7,259
4,090
551
Gross Profit
745,925
776,025
712,583
538,272
421,194
400,845
236,054
149,709
1,450,065
448,980
60,296
22,669
12,337
1,731
Admin Expenses
2,060,468
2,315,482
2,288,303
2,318,884
1,068,885
693,072
238,761
322,792
1,672,064
573,068
96,760
63,697
35,685
4,175
Operating Profit
-1,314,543
-1,539,457
-1,575,720
-1,780,612
-647,691
-292,227
-2,707
-173,083
-221,999
-124,088
-36,464
-41,028
-23,348
-2,444
Interest Payable
Interest Receivable
4,786
10,116
1,701
1,288
159
262
66
27
1,231
1,303
86
12
8
8
Pre-Tax Profit
-1,309,757
-1,529,341
-1,574,019
-1,779,324
-647,532
-291,965
-2,641
-173,056
-220,768
-122,785
-36,378
-41,016
-23,340
-2,436
Tax
Profit After Tax
-1,309,757
-1,529,341
-1,574,019
-1,779,324
-647,532
-291,965
-2,641
-173,056
-220,768
-122,785
-36,378
-41,016
-23,340
-2,436
Dividends Paid
Retained Profit
-1,309,757
-1,529,341
-1,574,019
-1,779,324
-647,532
-291,965
-2,641
-173,056
-220,768
-122,785
-36,378
-41,016
-23,340
-2,436
Employee Costs
1,407,409
1,449,393
1,294,406
949,122
713,158
650,004
342,769
108,287
1,012,959
321,106
51,415
52,164
50,388
49,045
Number Of Employees
21
23
22
17
12
11
6
2
19
6
1
1
1
1
EBITDA*
-1,307,633
-1,532,877
-1,570,139
-1,776,025
-643,565
-290,316
-2,283
-173,061
-221,973
-124,060
-36,428
-40,986
-23,298
-2,444
* Earnings Before Interest, Tax, Depreciation and Amortisation
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Tangible Assets
40,512
47,422
43,664
36,705
32,829
20,898
497,986
126
148
174
202
238
280
Intangible Assets
749,443
749,443
749,443
738,056
731,434
676,296
3,752
245,698
218,706
186,681
170,892
102,304
100,804
Investments & Other
465,265
465,265
465,265
465,265
1,413,427
1,413,427
1,413,427
1,413,427
1,413,427
1,413,425
Debtors (Due After 1 year)
Total Fixed Assets
1,255,220
1,262,130
1,258,372
1,240,026
2,177,690
2,110,621
1,915,165
1,659,251
1,632,281
1,600,280
171,094
102,542
101,084
Stock & work in progress
Trade Debtors
21,335
20,522
20,520
15,960
18,134
15,960
15,961
377,584
112,137
11,577
2,484
279
211
Group Debtors
782,086
760,175
742,592
735,592
844,157
795,890
738,816
758,186
Misc Debtors
436,737
406,524
602,677
229,202
264,089
339,193
475,205
54,616
Cash
113,557
68,756
830,484
2,571,742
4,810
37,564
32,375
20,406
988
491,358
29,769
4,729
164
3,100
misc current assets
total current assets
1,353,715
1,255,977
2,196,273
3,552,496
1,131,190
1,188,607
1,262,357
833,208
378,572
603,495
41,346
7,213
443
3,311
total assets
2,608,935
2,518,107
3,454,645
4,792,522
3,308,880
3,299,228
3,177,522
2,492,459
2,010,853
2,203,775
212,440
109,755
101,527
3,311
Bank overdraft
Bank loan
Trade Creditors
111,621
148,055
194,390
87,082
116,558
101,250
186,368
111,605
93,093
55,247
70,889
71,826
67,203
5,647
Group/Directors Accounts
25,000
28,733
other short term finances
hp & lease commitments
other current liabilities
291,488
202,534
92,898
198,889
120,907
17,532
60,651
83,054
total current liabilities
403,109
350,589
287,288
285,971
237,465
143,782
275,752
194,659
93,093
55,247
70,889
71,826
67,203
5,647
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
1,083,556
3,764,613
3,235,111
3,000,286
151,180
146,574
140,846
84,205
82,574
92,574
94,574
104,574
60,000
provisions
total long term liabilities
1,083,556
3,764,613
3,235,111
3,000,286
151,180
146,574
140,846
84,205
82,574
92,574
94,574
104,574
60,000
total liabilities
1,486,665
4,115,202
3,522,399
3,286,257
388,645
290,356
416,598
278,864
175,667
147,821
165,463
176,400
127,203
5,647
net assets
1,122,270
-1,597,095
-67,754
1,506,265
2,920,235
3,008,872
2,760,924
2,213,595
1,835,186
2,055,954
46,977
-66,645
-25,676
-2,336
total shareholders funds
1,122,270
-1,597,095
-67,754
1,506,265
2,920,235
3,008,872
2,760,924
2,213,595
1,835,186
2,055,954
46,977
-66,645
-25,676
-2,336
Sep 2023
Sep 2022
Sep 2021
Sep 2020
Sep 2019
Sep 2018
Sep 2017
Sep 2016
Sep 2015
Sep 2014
Oct 2013
Oct 2012
Oct 2011
Oct 2010
Operating Activities
Operating Profit
-1,314,543
-1,539,457
-1,575,720
-1,780,612
-647,691
-292,227
-2,707
-173,083
-221,999
-124,088
-36,464
-41,028
-23,348
-2,444
Depreciation
6,910
6,580
5,581
4,587
4,126
1,911
424
22
26
28
36
42
50
Amortisation
Tax
Stock
Debtors
52,937
-178,568
385,035
-145,626
-24,663
-78,939
417,180
435,218
265,447
100,560
9,093
2,205
68
211
Creditors
-36,434
-46,335
107,308
-29,476
15,308
-85,118
74,763
18,512
37,846
-15,642
-937
4,623
61,556
5,647
Accruals and Deferred Income
88,954
109,636
-105,991
77,982
103,375
-43,119
-22,403
83,054
Deferred Taxes & Provisions
Cash flow from operations
-1,308,050
-1,291,008
-1,953,857
-1,581,893
-500,219
-339,614
-367,103
-506,713
-449,574
-240,262
-46,458
-38,568
38,190
2,992
Investing Activities
capital expenditure
-10,338
-23,927
-15,085
-71,195
-197,367
-256,338
-26,992
-32,025
-15,789
-68,588
-1,500
-101,134
Change in Investments
-948,162
2
1,413,425
cash flow from investments
-10,338
-23,927
933,077
-71,195
-197,367
-256,338
-26,992
-32,027
-1,429,214
-68,588
-1,500
-101,134
Financing Activities
Bank loans
Group/Directors Accounts
-25,000
-3,733
28,733
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
-2,681,057
529,502
234,825
2,849,106
4,606
5,728
56,641
1,631
-10,000
-2,000
-10,000
44,574
60,000
share issue
4,029,122
365,354
558,895
539,913
549,970
551,465
2,131,762
150,000
47
100
interest
4,786
10,116
1,701
1,288
159
262
66
27
1,231
1,303
86
12
8
8
cash flow from financing
1,352,851
539,618
236,526
3,215,748
538,660
542,170
635,410
553,123
-8,769
2,131,065
140,086
44,633
60,008
108
cash and cash equivalents
cash
44,801
-761,728
-1,741,258
2,566,932
-32,754
5,189
11,969
19,418
-490,370
461,589
25,040
4,565
-2,936
3,100
overdraft
change in cash
44,801
-761,728
-1,741,258
2,566,932
-32,754
5,189
11,969
19,418
-490,370
461,589
25,040
4,565
-2,936
3,100
grid smarter cities ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for grid smarter cities ltd. Get real-time insights into grid smarter cities ltd's credit score, group structure and payment trends.
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grid smarter cities ltd Ownership
GRID SMARTER CITIES LTD group structure
Grid Smarter Cities Ltd has 3 subsidiary companies.
62012 - Business and domestic software development
incorporation date
October 2009
age
16
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
activ8vps ltd (November 2014)
accountant
-
auditor
-
address
metropolitan house longrigg, swalwell, newcastle upon tyne, NE16 3AS
Bank
-
Legal Advisor
-
grid smarter cities ltd 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 did not find charges/mortgages relating to grid smarter cities ltd.
grid smarter cities ltd Capital Raised & Share Issues BETA
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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grid smarter cities ltdCompanies House Filings - See Documents
