ground rents income fund plc
ground rents income fund plc Company Information
Company Number
08041022
Next Accounts
Mar 2025
Industry
Activities of investment trusts
Shareholders
grif plc shareholders - details with registrar
Group Structure
View All
Contact
Registered Address
1 london wall place, london, EC2Y 5AU
ground rents income fund plc Estimated Valuation
Pomanda estimates the enterprise value of GROUND RENTS INCOME FUND PLC at £8.9m based on a Turnover of £5.7m and 1.55x industry multiple (adjusted for size and gross margin).
ground rents income fund plc Estimated Valuation
Pomanda estimates the enterprise value of GROUND RENTS INCOME FUND PLC at £0 based on an EBITDA of £-346.4k and a 6.25x industry multiple (adjusted for size and gross margin).
ground rents income fund plc Estimated Valuation
Pomanda estimates the enterprise value of GROUND RENTS INCOME FUND PLC at £100.9m based on Net Assets of £86.2m and 1.17x industry multiple (adjusted for liquidity).
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Ground Rents Income Fund Plc Overview
Ground Rents Income Fund Plc is a live company located in london, EC2Y 5AU with a Companies House number of 08041022. It operates in the activities of investment trusts sector, SIC Code 64301. Founded in April 2012, it's largest shareholder is grif plc shareholders - details with registrar with a 100% stake. Ground Rents Income Fund Plc is a established, mid sized company, Pomanda has estimated its turnover at £5.7m with declining growth in recent years.
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Ground Rents Income Fund Plc Health Check
Pomanda's financial health check has awarded Ground Rents Income Fund Plc a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
4 Regular
6 Weak
Size
annual sales of £5.7m, make it in line with the average company (£5.6m)
£5.7m - Ground Rents Income Fund Plc
£5.6m - Industry AVG
Growth
3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.2%)
-2% - Ground Rents Income Fund Plc
6.2% - Industry AVG
Production
with a gross margin of 67.8%, this company has a comparable cost of product (67.8%)
67.8% - Ground Rents Income Fund Plc
67.8% - Industry AVG
Profitability
an operating margin of -6% make it less profitable than the average company (28.2%)
-6% - Ground Rents Income Fund Plc
28.2% - Industry AVG
Employees
with 28 employees, this is above the industry average (6)
- Ground Rents Income Fund Plc
6 - Industry AVG
Pay Structure
on an average salary of £51.8k, the company has an equivalent pay structure (£51.8k)
- Ground Rents Income Fund Plc
£51.8k - Industry AVG
Efficiency
resulting in sales per employee of £204.4k, this is equally as efficient (£205.1k)
- Ground Rents Income Fund Plc
£205.1k - Industry AVG
Debtor Days
it gets paid by customers after 66 days, this is later than average (42 days)
66 days - Ground Rents Income Fund Plc
42 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (48 days)
3 days - Ground Rents Income Fund Plc
48 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ground Rents Income Fund Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is less cash available to meet short term requirements (78 weeks)
24 weeks - Ground Rents Income Fund Plc
78 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 22%, this is a higher level of debt than the average (7.3%)
22% - Ground Rents Income Fund Plc
7.3% - Industry AVG
GROUND RENTS INCOME FUND PLC financials
Ground Rents Income Fund Plc's latest turnover from September 2023 is £5.7 million and the company has net assets of £86.2 million. According to their latest financial statements, we estimate that Ground Rents Income Fund Plc has 28 employees and maintains cash reserves of £1.6 million 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 | Sep 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,724,087 | 5,595,994 | 5,693,787 | 6,066,125 | 5,638,348 | 5,356,965 | 5,137,103 | 4,759,385 | 4,173,523 | 3,197,615 | 1,881,269 | 0 |
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | ||||||||||||
| Gross Profit | ||||||||||||
| Admin Expenses | ||||||||||||
| Operating Profit | -346,366 | -6,782,974 | 1,797,728 | -930,933 | -1,562,486 | -9,960,627 | 5,255,381 | 20,470,184 | 12,552,986 | 4,931,360 | 1,072,603 | 0 |
| Interest Payable | 825,144 | 738,570 | 627,243 | 671,739 | 752,539 | 753,539 | 615,248 | 329,372 | 167,946 | 501,150 | 269,850 | 0 |
| Interest Receivable | 46,604 | 1,364 | 22,421 | 16,469 | 25,903 | 18,110 | 18,110 | 23,306 | 52,163 | 272,711 | 339,694 | 58,419 |
| Pre-Tax Profit | -1,124,906 | -7,520,180 | 1,192,906 | -1,586,203 | -2,289,122 | -10,688,037 | 4,658,243 | 20,164,118 | 12,437,203 | 4,702,921 | 1,142,447 | -273,285 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,320 | 20,880 | -15,619 | -34,539 | 0 |
| Profit After Tax | -1,124,906 | -7,520,180 | 1,192,906 | -1,586,203 | -2,289,122 | -10,688,037 | 4,658,243 | 20,167,438 | 12,458,083 | 4,687,302 | 1,107,908 | -273,285 |
| Dividends Paid | 1,195,845 | 2,876,707 | 3,841,457 | 3,870,559 | 2,851,988 | 3,829,799 | 3,702,456 | 3,686,328 | 3,217,543 | 2,321,982 | 1,364,398 | 0 |
| Retained Profit | -2,320,751 | -10,396,887 | -2,648,551 | -5,456,762 | -5,141,110 | -14,517,836 | 955,787 | 16,481,110 | 9,240,540 | 2,365,320 | -256,490 | -273,285 |
| Employee Costs | 93,772 | 86,432 | 87,200 | 27,530 | ||||||||
| Number Of Employees | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | ||||
| EBITDA* | -346,366 | -6,782,974 | 1,797,728 | -930,933 | -1,562,486 | -9,960,627 | 5,255,381 | 20,470,184 | 12,552,986 | 4,931,360 | 1,072,603 | 0 |
* 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 | Sep 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 106,095,000 | 109,020,000 | 119,380,000 | 124,190,000 | 122,893,000 | 127,509,800 | 139,088,000 | 125,699,100 | 104,213,000 | 67,259,300 | 43,989,864 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 106,095,000 | 109,020,000 | 119,380,000 | 124,190,000 | 122,893,000 | 127,509,800 | 139,088,000 | 125,699,100 | 104,213,000 | 67,259,300 | 43,989,864 | 1,664,906 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 106,095,000 | 109,020,000 | 119,380,000 | 124,190,000 | 122,893,000 | 127,509,800 | 139,088,000 | 125,699,100 | 104,213,000 | 67,259,300 | 43,989,864 | 1,664,906 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 1,037,415 | 681,177 | 665,948 | 654,035 | 679,576 | 1,251,146 | 1,810,539 | 1,340,897 | 1,039,211 | 406,933 | 274,566 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12,599,350 |
| Misc Debtors | 1,715,629 | 614,717 | 1,167,302 | 1,198,380 | 430,826 | 644,125 | 761,349 | 950,915 | 2,005,391 | 707,578 | 1,689,788 | 2,403,647 |
| Cash | 1,601,872 | 1,912,499 | 1,090,027 | 2,435,758 | 6,136,854 | 5,566,561 | 7,228,645 | 5,307,432 | 5,381,720 | 20,363,067 | 40,710,485 | 30,266,720 |
| misc current assets | 216 | 6,814 | 35,961 | 14,158 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 4,355,132 | 3,215,207 | 2,959,238 | 4,302,331 | 7,247,256 | 7,461,832 | 9,800,533 | 7,599,244 | 8,426,322 | 21,477,578 | 42,674,839 | 45,269,717 |
| total assets | 110,450,132 | 112,235,207 | 122,339,238 | 128,492,331 | 130,140,256 | 134,971,632 | 148,888,533 | 133,298,344 | 112,639,322 | 88,736,878 | 86,664,703 | 46,934,623 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,000,000 | 4,957,362 | 0 | 0 | 0 |
| Trade Creditors | 15,959 | 3,672 | 52,019 | 245,770 | 16,163 | 158,866 | 103,968 | 91,887 | 54,523 | 16,801 | 78,364 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 37,780,625 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,382,232 | 2,978,501 | 3,461,938 | 3,796,995 | 2,804,291 | 2,445,139 | 2,277,446 | 2,071,089 | 1,387,744 | 562,309 | 756,194 | 85,696 |
| total current liabilities | 3,398,191 | 2,982,173 | 3,513,957 | 4,042,765 | 2,820,454 | 2,604,005 | 2,381,414 | 10,162,976 | 6,399,629 | 579,110 | 38,615,183 | 85,696 |
| loans | 41,700,856 | 41,461,540 | 38,222,224 | 18,991,454 | 19,304,928 | 38,423,386 | 38,235,282 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 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 |
| provisions | 0 | 0 | 0 | 5,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 20,850,428 | 20,730,770 | 19,111,112 | 21,891,454 | 19,304,928 | 19,211,693 | 19,117,641 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 24,248,619 | 23,712,943 | 22,625,069 | 25,934,219 | 22,125,382 | 21,815,698 | 21,499,055 | 10,162,976 | 6,399,629 | 579,110 | 38,615,183 | 85,696 |
| net assets | 86,201,513 | 88,522,264 | 99,714,169 | 102,558,112 | 108,014,874 | 113,155,934 | 127,389,478 | 123,135,368 | 106,239,693 | 88,157,768 | 48,049,520 | 46,848,927 |
| total shareholders funds | 86,201,513 | 88,522,264 | 99,714,169 | 102,558,112 | 108,014,874 | 113,155,934 | 127,389,478 | 123,135,368 | 106,239,693 | 88,157,768 | 48,049,520 | 46,848,927 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -346,366 | -6,782,974 | 1,797,728 | -930,933 | -1,562,486 | -9,960,627 | 5,255,381 | 20,470,184 | 12,552,986 | 4,931,360 | 1,072,603 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,320 | 20,880 | -15,619 | -34,539 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,457,150 | -537,356 | -19,165 | 742,013 | -784,869 | -676,617 | 280,076 | -752,790 | 1,930,091 | -849,843 | -13,038,643 | 15,002,997 |
| Creditors | 12,287 | -48,347 | -193,751 | 229,607 | -142,703 | 54,898 | 12,081 | 37,364 | 37,722 | -61,563 | 78,364 | 0 |
| Accruals and Deferred Income | 403,731 | -483,437 | -335,057 | 992,704 | 359,152 | 167,693 | 206,357 | 683,345 | 825,435 | -193,885 | 670,498 | 85,696 |
| Deferred Taxes & Provisions | 0 | 0 | -5,800,000 | 5,800,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -1,387,498 | -6,777,402 | -4,511,915 | 5,349,365 | -561,168 | -9,061,419 | 5,193,743 | 21,947,003 | 11,506,932 | 5,510,136 | 14,825,569 | -14,917,301 |
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | -2,925,000 | -10,360,000 | -4,810,000 | 1,297,000 | -4,616,800 | -11,578,200 | 13,388,900 | 21,486,100 | 36,953,700 | 23,269,436 | 42,324,958 | 1,664,906 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | -8,000,000 | 3,042,638 | 4,957,362 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -37,780,625 | 37,780,625 | 0 |
| Long term loans | 239,316 | 3,239,316 | 19,230,770 | -313,474 | -19,118,458 | 188,104 | 38,235,282 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | ||||||||||||
| interest | -778,540 | -737,206 | -604,822 | -655,270 | -726,636 | -735,429 | -597,138 | -306,066 | -115,783 | -228,439 | 69,844 | 58,419 |
| cash flow from financing | -539,224 | 1,707,092 | 18,430,556 | -968,744 | -19,845,044 | -263,033 | 32,936,467 | 3,151,137 | 13,682,964 | -266,136 | 39,307,552 | 47,180,631 |
| cash and cash equivalents | ||||||||||||
| cash | -310,627 | 822,472 | -1,345,731 | -3,701,096 | 570,293 | -1,662,084 | 1,921,213 | -74,288 | -14,981,347 | -20,347,418 | 10,443,765 | 30,266,720 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -310,627 | 822,472 | -1,345,731 | -3,701,096 | 570,293 | -1,662,084 | 1,921,213 | -74,288 | -14,981,347 | -20,347,418 | 10,443,765 | 30,266,720 |
ground rents income fund plc Credit Report and Business Information
Ground Rents Income Fund Plc Competitor Analysis
Perform a competitor analysis for ground rents income fund plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
ground rents income fund plc Ownership
GROUND RENTS INCOME FUND PLC group structure
Ground Rents Income Fund Plc has 44 subsidiary companies.
Ultimate parent company
GROUND RENTS INCOME FUND PLC
08041022
44 subsidiaries
ground rents income fund plc directors
Ground Rents Income Fund Plc currently has 3 directors. The longest serving directors include Mr William Holland (Sep 2019) and Mr Barry Gilbertson (Feb 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Holland | England | 59 years | Sep 2019 | - | Director |
| Mr Barry Gilbertson | 73 years | Feb 2021 | - | Director | |
| Dr Katherine Innes Ker | United Kingdom | 64 years | Sep 2021 | - | Director |
P&L
September 2023turnover
5.7m
+2%
operating profit
-346.4k
-95%
gross margin
67.8%
-3.7%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
86.2m
-0.03%
total assets
110.5m
-0.02%
cash
1.6m
-0.16%
net assets
Total assets minus all liabilities
ground rents income fund plc company details
company number
08041022
Type
Public limited with Share Capital
industry
64301 - Activities of investment trusts
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
aghoco 1105 plc (June 2012)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
1 london wall place, london, EC2Y 5AU
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
ADDLESHAW GODDARD LLP
ground rents income fund plc 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 10 charges/mortgages relating to ground rents income fund plc. Currently there are 9 open charges and 1 have been satisfied in the past.
ground rents income fund plc 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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ground rents income fund plc Companies House Filings - See Documents
| date | description | view/download |
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