grovewhite ltd

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grovewhite ltd Company Information

Share GROVEWHITE LTD

Company Number

08627450

Shareholders

charlie goldman

michael meller

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Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

9 brookside drive, salford, M7 4NP

Website

-

grovewhite ltd Estimated Valuation

£324.4k

Pomanda estimates the enterprise value of GROVEWHITE LTD at £324.4k based on a Turnover of £657.6k and 0.49x industry multiple (adjusted for size and gross margin).

grovewhite ltd Estimated Valuation

£164.3k

Pomanda estimates the enterprise value of GROVEWHITE LTD at £164.3k based on an EBITDA of £50.6k and a 3.25x industry multiple (adjusted for size and gross margin).

grovewhite ltd Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of GROVEWHITE LTD at £2.4m based on Net Assets of £1.2m and 1.96x industry multiple (adjusted for liquidity).

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Grovewhite Ltd Overview

Grovewhite Ltd is a live company located in salford, M7 4NP with a Companies House number of 08627450. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in July 2013, it's largest shareholder is charlie goldman with a 25% stake. Grovewhite Ltd is a established, small sized company, Pomanda has estimated its turnover at £657.6k with rapid growth in recent years.

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Grovewhite Ltd Health Check

Pomanda's financial health check has awarded Grovewhite Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3.5out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

5 Weak

size

Size

annual sales of £657.6k, make it smaller than the average company (£848.9k)

£657.6k - Grovewhite Ltd

£848.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (8.2%)

57% - Grovewhite Ltd

8.2% - Industry AVG

production

Production

with a gross margin of 19.1%, this company has a higher cost of product (40%)

19.1% - Grovewhite Ltd

40% - Industry AVG

profitability

Profitability

an operating margin of 7.7% make it more profitable than the average company (5.8%)

7.7% - Grovewhite Ltd

5.8% - Industry AVG

employees

Employees

with 4 employees, this is below the industry average (14)

4 - Grovewhite Ltd

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £29k, the company has an equivalent pay structure (£29k)

£29k - Grovewhite Ltd

£29k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £164.4k, this is more efficient (£73.3k)

£164.4k - Grovewhite Ltd

£73.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 59 days, this is later than average (28 days)

59 days - Grovewhite Ltd

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 170 days, this is slower than average (37 days)

170 days - Grovewhite Ltd

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Grovewhite Ltd

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Grovewhite Ltd

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 55.1%, this is a higher level of debt than the average (38%)

55.1% - Grovewhite Ltd

38% - Industry AVG

GROVEWHITE LTD financials

EXPORTms excel logo

Grovewhite Ltd's latest turnover from March 2024 is estimated at £657.6 thousand and the company has net assets of £1.2 million. According to their latest financial statements, we estimate that Grovewhite Ltd has 4 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Turnover657,574649,973446,510170,540170,632576,945
Other Income Or Grants
Cost Of Sales531,805524,326364,035140,857137,490467,645
Gross Profit125,770125,64782,47429,68333,142109,300
Admin Expenses75,17784,743-1,196,876-133,666-84,17067,486
Operating Profit50,59340,9041,279,350163,349117,31241,814
Interest Payable40,50073,20036,600
Interest Receivable1434356236
Pre-Tax Profit50,59340,9041,238,99390,19380,76842,051
Tax-12,648-7,772-235,409-17,137-15,346-7,990
Profit After Tax37,94533,1321,003,58473,05665,42234,061
Dividends Paid
Retained Profit37,94533,1321,003,58473,05665,42234,061
Employee Costs116,006113,04981,40876,30949,80549,556
Number Of Employees443322
EBITDA*50,59340,9041,279,350163,349117,31241,814

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Tangible Assets2,658,8912,658,8912,658,8912,658,891
Intangible Assets
Investments & Other2,658,8912,658,891
Debtors (Due After 1 year)
Total Fixed Assets2,658,8912,658,8912,658,8912,658,8912,658,8912,658,891
Stock & work in progress
Trade Debtors106,837101,948110,87960,21161,31667,047
Group Debtors
Misc Debtors12,3877,79210,31313,73912,101
Cash38,03948,67262,96711
misc current assets
total current assets119,224109,740121,192111,989122,089130,01411
total assets2,778,1152,768,6312,780,0832,770,8802,780,9802,788,90511
Bank overdraft
Bank loan
Trade Creditors 248,039287,920336,6947,9849,377630,492
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities466,005547,768
total current liabilities248,039287,920336,694473,989557,145630,492
loans1,200,0001,200,000
hp & lease commitments
Accruals and Deferred Income82,87671,45667,266
other liabilities1,200,0001,200,0001,200,0001,200,000
provisions
total long term liabilities1,282,8761,271,4561,267,2661,200,0001,200,0001,200,000
total liabilities1,530,9151,559,3761,603,9601,673,9891,757,1451,830,492
net assets1,247,2001,209,2551,176,1231,096,8911,023,835958,41311
total shareholders funds1,247,2001,209,2551,176,1231,096,8911,023,835958,41311
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014
Operating Activities
Operating Profit50,59340,9041,279,350163,349117,31241,814
Depreciation
Amortisation
Tax-12,648-7,772-235,409-17,137-15,346-7,990
Stock
Debtors9,484-11,45247,2425336,37067,047
Creditors-39,881-48,774328,710-1,393-621,115630,492
Accruals and Deferred Income11,4204,190-398,739-81,763547,768
Deferred Taxes & Provisions
Cash flow from operations926,67062,52322,249597,269
Investing Activities
capital expenditure-2,658,8912,658,891-2,658,891
Change in Investments-2,658,8912,658,891
cash flow from investments-2,658,891
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans-1,200,0001,200,000
Hire Purchase and Lease Commitments
other long term liabilities1,200,000-1,200,0001,200,000
share issue-924,352924,3511-11
interest-40,357-73,157-36,544236
cash flow from financing-964,709-73,157-36,5442,124,5871-11
cash and cash equivalents
cash-38,039-10,633-14,29562,9661-11
overdraft
change in cash-38,039-10,633-14,29562,9661-11

grovewhite ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Grovewhite Ltd Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for grovewhite ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other small companies, companies in M 7 area or any other competitors across 12 key performance metrics.

grovewhite ltd Ownership

GROVEWHITE LTD group structure

Grovewhite Ltd has no subsidiary companies.

Ultimate parent company

GROVEWHITE LTD

08627450

GROVEWHITE LTD Shareholders

charlie goldman 25%
michael meller 25%
lynsey lever 25%
elaine curtis 12.5%
jeremy curtis 12.5%

grovewhite ltd directors

Grovewhite Ltd currently has 3 directors. The longest serving directors include Mr Chaim Goldman (Jul 2013) and Mr Jeremy Curtis (Jul 2013).

officercountryagestartendrole
Mr Chaim GoldmanEngland37 years Jul 2013- Director
Mr Jeremy CurtisEngland69 years Jul 2013- Director
Mrs Lynsey LeverUnited Kingdom42 years Sep 2021- Director

P&L

March 2024

turnover

657.6k

+1%

operating profit

50.6k

0%

gross margin

19.2%

-1.06%

turnover

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

Balance Sheet

March 2024

net assets

1.2m

+0.03%

total assets

2.8m

0%

cash

0

0%

net assets

Total assets minus all liabilities

grovewhite ltd company details

company number

08627450

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

July 2013

age

12

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

N/A

accountant

-

auditor

-

address

9 brookside drive, salford, M7 4NP

Bank

-

Legal Advisor

-

grovewhite 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 grovewhite ltd.

grovewhite 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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grovewhite ltd Companies House Filings - See Documents

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