Groundworks Direct Limited

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groundworks direct limited Company Information

Live (In Receivership)

EstablishedMidRapid

Company Number

07119726

Website

www.groundworkdirect.co.uk

Registered Address

stamford house northenden road, sale, cheshire, M33 2DH

Industry

Construction of other civil engineering projects n.e.c.

Site preparation

Telephone

01282428862

Next Accounts Due

October 2024

Group Structure

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Directors

John Dixon8 Years

Shareholders

gwd group ltd 100%

groundworks direct limited Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of GROUNDWORKS DIRECT LIMITED at £3.5m based on a Turnover of £12.3m and 0.29x industry multiple (adjusted for size and gross margin).

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Groundworks Direct Limited is a live company located in cheshire, M33 2DH with a Companies House number of 07119726. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in January 2010, it's largest shareholder is gwd group ltd with a 100% stake. Groundworks Direct Limited is a established, mid sized company, Pomanda has estimated its turnover at £12.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Groundworks Direct Limited a 3 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 Rating3out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £12.3m, make it in line with the average company (£13.4m)

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (6.8%)

EXPORT

Groundworks Direct Limited's latest turnover from January 2023 is estimated at £12.3 million and the company has net assets of £1 million. According to their latest financial statements, Groundworks Direct Limited has 28 employees and maintains cash reserves of £333.9 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Turnover	12,253,311	7,877,229	8,511,260	4,851,284	4,107,743	2,606,447	2,548,940	2,960,697	2,788,177	2,934,619	2,269,597	828,557	277,584
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	9,934,466	6,362,546	6,719,314	3,709,313	3,061,051	1,940,403	1,958,265	2,319,132	2,209,469	2,283,773	1,736,670	608,639	203,257
Gross Profit	2,318,846	1,514,683	1,791,946	1,141,971	1,046,692	666,044	590,675	641,565	578,708	650,846	532,926	219,917	74,327
Admin Expenses	1,905,300	1,517,221	1,766,764	644,469	935,838	567,933	481,329	732,475	433,275	659,039	572,262	179,243	18,334
Operating Profit	413,546	-2,538	25,182	497,502	110,854	98,111	109,346	-90,910	145,433	-8,193	-39,336	40,674	55,993
Interest Payable	42,219	23,214	9,150	0	718	779	269	192	0	0	0	0	0
Interest Receivable	8,128	688	462	3,122	1,892	615	125	198	128	0	17	152	135
Pre-Tax Profit	379,454	-25,063	16,494	500,625	112,027	97,947	109,201	-90,904	145,561	-8,193	-39,319	40,826	56,128
Tax	-72,096	0	-3,134	-95,119	-21,285	-18,610	-21,840	0	-30,568	0	0	-10,615	-15,716
Profit After Tax	307,358	-25,063	13,360	405,506	90,742	79,337	87,361	-90,904	114,993	-8,193	-39,319	30,211	40,412
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	307,358	-25,063	13,360	405,506	90,742	79,337	87,361	-90,904	114,993	-8,193	-39,319	30,211	40,412
Employee Costs	1,294,007	1,462,109	1,507,117	732,516	780,211	426,937	664,161	621,542	568,420	594,740	449,230	197,793	62,742
Number Of Employees	28	34	34	17	19	11	18	17	16	17	13	6	2
EBITDA*	623,312	255,732	511,958	815,723	304,308	249,448	167,107	-52,655	179,954	21,510	-15,802	44,287	57,819

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Tangible Assets	1,164,015	1,293,875	1,468,167	1,000,306	692,071	522,198	163,648	155,239	119,078	95,407	112,275	14,170	15,953
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,164,015	1,293,875	1,468,167	1,000,306	692,071	522,198	163,648	155,239	119,078	95,407	112,275	14,170	15,953
Stock & work in progress	229,521	188,000	116,000	0	0	50,905	140,963	364,839	152,296	187,531	229,970	81,188	15,006
Trade Debtors	2,239,358	1,784,978	1,898,397	967,603	721,789	538,482	390,702	148,311	369,397	308,473	166,032	97,906	21,766
Group Debtors	0	40,436	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	637,054	140,973	151,649	140,736	59,992	53,642	75,132	94,380	0	0	0	0	0
Cash	333,936	130,508	420,219	502,870	329,781	174,677	71,452	28,244	50,983	62	0	6,914	53,889
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,439,869	2,284,895	2,586,265	1,611,209	1,111,562	817,706	678,249	635,774	572,676	496,066	396,002	186,008	90,661
total assets	4,603,884	3,578,770	4,054,432	2,611,515	1,803,633	1,339,904	841,897	791,013	691,754	591,473	508,277	200,178	106,614
Bank overdraft	124,474	79,400	0	0	0	21,277	2,698	3,755	0	0	0	0	0
Bank loan	0	0	150,000	0	0	0	0	0	0	0	0	0	0
Trade Creditors	2,004,319	865,341	1,018,011	480,114	475,910	327,350	211,207	572,151	527,417	560,705	420,482	126,763	63,071
Group/Directors Accounts	0	0	0	0	0	137,331	160,534	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	256,228	403,351	561,639	335,708	189,821	0	0	19,260	0	0	0	0	0
other current liabilities	250,590	61,239	123,038	111,420	261,963	247,358	232,384	73,438	0	0	0	0	0
total current liabilities	2,635,611	1,409,331	1,852,688	927,242	927,694	733,316	606,823	668,604	527,417	560,705	420,482	126,763	63,071
loans	321,509	363,444	150,000	0	0	0	0	2,166	0	0	0	0	0
hp & lease commitments	400,136	934,978	1,170,177	828,145	502,417	0	0	56,135	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	345,142	78,010	0	5,412	0	48,000	0	0
provisions	240,727	172,474	157,961	145,882	68,782	47,448	22,403	16,808	20,721	7,557	8,391	2,692	3,031
total long term liabilities	962,372	1,470,896	1,478,138	974,027	571,199	392,590	100,413	75,109	26,133	7,557	56,391	2,692	3,031
total liabilities	3,597,983	2,880,227	3,330,826	1,901,269	1,498,893	1,125,906	707,236	743,713	553,550	568,262	476,873	129,455	66,102
net assets	1,005,901	698,543	723,606	710,246	304,740	213,998	134,661	47,300	138,204	23,211	31,404	70,723	40,512
total shareholders funds	1,005,901	698,543	723,606	710,246	304,740	213,998	134,661	47,300	138,204	23,211	31,404	70,723	40,512

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011
Operating Activities
Operating Profit	413,546	-2,538	25,182	497,502	110,854	98,111	109,346	-90,910	145,433	-8,193	-39,336	40,674	55,993
Depreciation	209,766	258,270	486,776	318,221	193,454	151,337	57,761	38,255	34,521	29,703	23,534	3,613	1,826
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-72,096	0	-3,134	-95,119	-21,285	-18,610	-21,840	0	-30,568	0	0	-10,615	-15,716
Stock	41,521	72,000	116,000	0	-50,905	-90,058	-223,876	212,543	-35,235	-42,439	148,782	66,182	15,006
Debtors	910,025	-83,659	941,707	326,558	189,657	126,290	223,143	-126,706	60,924	142,441	68,126	76,140	21,766
Creditors	1,138,978	-152,670	537,897	4,204	148,560	116,143	-360,944	44,734	-33,288	140,223	293,719	63,692	63,071
Accruals and Deferred Income	189,351	-61,799	11,618	-150,543	14,605	14,974	158,946	73,438	0	0	0	0	0
Deferred Taxes & Provisions	68,253	14,513	12,079	77,100	21,334	25,045	5,595	-3,913	13,164	-834	5,699	-339	3,031
Cash flow from operations	996,252	67,435	12,711	324,807	328,770	350,768	-50,403	-24,233	103,573	60,897	66,708	-45,297	71,433
Investing Activities
capital expenditure	-79,906	-83,978	-954,637	-626,456	-363,327	-509,887	-66,170	-74,416	-58,192	-12,835	-121,639	-1,830	-17,779
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-79,906	-83,978	-954,637	-626,456	-363,327	-509,887	-66,170	-74,416	-58,192	-12,835	-121,639	-1,830	-17,779
Financing Activities
Bank loans	0	-150,000	150,000	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-137,331	-23,203	160,534	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-41,935	213,444	150,000	0	0	0	-2,166	2,166	0	0	0	0	0
Hire Purchase and Lease Commitments	-681,965	-393,487	567,963	471,615	692,238	0	-75,395	75,395	0	0	0	0	0
other long term liabilities	0	0	0	0	-345,142	267,132	78,010	-5,412	5,412	-48,000	48,000	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-34,091	-22,526	-8,688	3,122	1,174	-164	-144	6	128	0	17	152	135
cash flow from financing	-757,991	-352,569	859,275	474,737	210,939	243,765	160,839	72,155	5,540	-48,000	48,017	152	235
cash and cash equivalents
cash	203,428	-289,711	-82,651	173,089	155,104	103,225	43,208	-22,739	50,921	62	-6,914	-46,975	53,889
overdraft	45,074	79,400	0	0	-21,277	18,579	-1,057	3,755	0	0	0	0	0
change in cash	158,354	-369,111	-82,651	173,089	176,381	84,646	44,265	-26,494	50,921	62	-6,914	-46,975	53,889

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROUNDWORKS DIRECT LIMITED group structure

Groundworks Direct Limited has no subsidiary companies.

Ultimate parent company

GWD GROUP LTD

14674241

1 parent

GROUNDWORKS DIRECT LIMITED

07119726

GROUNDWORKS DIRECT LIMITED Shareholders

gwd group ltd

100%

Groundworks Direct Limited currently has 1 director, Mr John Dixon serving since Feb 2016.

officer	country	age	start	end	role
Mr John Dixon		63 years	Feb 2016	-	Director

P&L

January 2023

turnover

12.3m

+56%

operating profit

413.5k

gross margin

19%

-1.58%

turnover

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

Balance Sheet

January 2023

net assets

+0.44%

total assets

4.6m

+0.29%

cash

333.9k

+1.56%

net assets

Total assets minus all liabilities

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company number

07119726

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

43120 - Site preparation

incorporation date

January 2010

age

accounts

Total Exemption Full

ultimate parent company

GWD GROUP LTD

previous names

N/A

incorporated

address

stamford house northenden road, sale, cheshire, M33 2DH

last accounts submitted

January 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 2 charges/mortgages relating to groundworks direct limited. Currently there are 0 open charges and 2 have been satisfied in the past.

groundworks direct limited Company Information

groundworks direct limited Estimated Valuation

groundworks direct limited Estimated Valuation

groundworks direct limited Estimated Valuation

Groundworks Direct Limited Overview

Groundworks Direct Limited Health Check

GROUNDWORKS DIRECT LIMITED financials

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groundworks direct limited Ownership

groundworks direct limited directors

groundworks direct limited company details

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groundworks direct limited Companies House Filings - See Documents