grip systems limited
grip systems limited Company Information
Company Number
09734085
Next Accounts
Sep 2025
Industry
Manufacture of plastic packing goods
Shareholders
grip systems (holdings) limited
Group Structure
View All
Contact
Registered Address
watling court orbital plaza, watling street, bridgtown, cannock, WS11 0EL
Website
grip-systems.comgrip systems limited Estimated Valuation
Pomanda estimates the enterprise value of GRIP SYSTEMS LIMITED at £2.6m based on a Turnover of £4.4m and 0.59x industry multiple (adjusted for size and gross margin).
grip systems limited Estimated Valuation
Pomanda estimates the enterprise value of GRIP SYSTEMS LIMITED at £826.1k based on an EBITDA of £199.7k and a 4.14x industry multiple (adjusted for size and gross margin).
grip systems limited Estimated Valuation
Pomanda estimates the enterprise value of GRIP SYSTEMS LIMITED at £1.4m based on Net Assets of £613k and 2.25x industry multiple (adjusted for liquidity).
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Grip Systems Limited Overview
Grip Systems Limited is a live company located in cannock, WS11 0EL with a Companies House number of 09734085. It operates in the manufacture of plastic packing goods sector, SIC Code 22220. Founded in August 2015, it's largest shareholder is grip systems (holdings) limited with a 100% stake. Grip Systems Limited is a young, small sized company, Pomanda has estimated its turnover at £4.4m with rapid growth in recent years.
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Grip Systems Limited Health Check
Pomanda's financial health check has awarded Grip Systems Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
6 Weak
Size
annual sales of £4.4m, make it smaller than the average company (£21.6m)
- Grip Systems Limited
£21.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 59%, show it is growing at a faster rate (6.3%)
- Grip Systems Limited
6.3% - Industry AVG
Production
with a gross margin of 18.6%, this company has a comparable cost of product (18.6%)
- Grip Systems Limited
18.6% - Industry AVG
Profitability
an operating margin of 4.4% make it more profitable than the average company (3.6%)
- Grip Systems Limited
3.6% - Industry AVG
Employees
with 5 employees, this is below the industry average (96)
5 - Grip Systems Limited
96 - Industry AVG
Pay Structure
on an average salary of £40.1k, the company has an equivalent pay structure (£40.1k)
- Grip Systems Limited
£40.1k - Industry AVG
Efficiency
resulting in sales per employee of £877.5k, this is more efficient (£247.5k)
- Grip Systems Limited
£247.5k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (61 days)
- Grip Systems Limited
61 days - Industry AVG
Creditor Days
its suppliers are paid after 62 days, this is slower than average (46 days)
- Grip Systems Limited
46 days - Industry AVG
Stock Days
it holds stock equivalent to 86 days, this is more than average (49 days)
- Grip Systems Limited
49 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (7 weeks)
4 weeks - Grip Systems Limited
7 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 72.4%, this is a higher level of debt than the average (55.6%)
72.4% - Grip Systems Limited
55.6% - Industry AVG
GRIP SYSTEMS LIMITED financials
Grip Systems Limited's latest turnover from December 2023 is estimated at £4.4 million and the company has net assets of £613 thousand. According to their latest financial statements, Grip Systems Limited has 5 employees and maintains cash reserves of £144.9 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 5 | 1 | 6 | 4 | |||||
| EBITDA* |
* 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 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 17,033 | 22,435 | 3,614 | 1,425 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 9,747 | 13,092 | 878 | 213 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 26,780 | 35,527 | 4,492 | 1,638 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 850,434 | 446,949 | 281,174 | 137,257 | 45,139 | 37,073 | 0 | 0 | 0 |
| Trade Debtors | 1,141,093 | 1,186,603 | 599,472 | 309,309 | 151,174 | 51,132 | 55,139 | 105,233 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 54,107 | 0 | 6,627 | 21,051 | 64,932 | 1,239 | 16,720 | 100 | 1,472 |
| Cash | 144,891 | 79,539 | 85,258 | 138,203 | 43,128 | 93,106 | 21,084 | 5,094 | 2,604 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,190,525 | 1,713,091 | 972,531 | 605,820 | 304,373 | 182,550 | 92,943 | 110,427 | 4,076 |
| total assets | 2,217,305 | 1,748,618 | 977,023 | 607,458 | 304,373 | 182,550 | 92,943 | 110,427 | 4,076 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 612,396 | 549,963 | 309,689 | 50,000 | 22,764 | 80,326 | 1,968 | 67,805 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 141,404 | 120,707 | 75,659 | 24,434 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 991,879 | 733,055 | 428,352 | 511,494 | 351,131 | 36,705 | 32,654 | 25,489 | 840 |
| total current liabilities | 1,604,275 | 1,283,018 | 738,041 | 561,494 | 373,895 | 258,435 | 155,329 | 168,953 | 25,274 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,604,275 | 1,283,018 | 738,041 | 561,494 | 373,895 | 258,435 | 155,329 | 168,953 | 25,274 |
| net assets | 613,030 | 465,600 | 238,982 | 45,964 | -69,522 | -75,885 | -62,386 | -58,526 | -21,198 |
| total shareholders funds | 613,030 | 465,600 | 238,982 | 45,964 | -69,522 | -75,885 | -62,386 | -58,526 | -21,198 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 5,678 | 7,478 | 1,205 | 475 | 0 | 0 | 0 | 0 | |
| Amortisation | 3,345 | 3,345 | 233 | 53 | 0 | 0 | 0 | 0 | |
| Tax | |||||||||
| Stock | 403,485 | 165,775 | 143,917 | 92,118 | 8,066 | 37,073 | 0 | 0 | 0 |
| Debtors | 8,597 | 580,504 | 275,739 | 114,254 | 163,735 | -19,488 | -33,474 | 103,861 | 1,472 |
| Creditors | 62,433 | 240,274 | 259,689 | 27,236 | -57,562 | 78,358 | -65,837 | 67,805 | 0 |
| Accruals and Deferred Income | 258,824 | 304,703 | -83,142 | 160,363 | 314,426 | 4,051 | 7,165 | 24,649 | 840 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -141,404 | 20,697 | 45,048 | 51,225 | 24,434 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 65,352 | -5,719 | -52,945 | 95,075 | -49,978 | 72,022 | 15,990 | 2,490 | 2,604 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 65,352 | -5,719 | -52,945 | 95,075 | -49,978 | 72,022 | 15,990 | 2,490 | 2,604 |
grip systems limited Credit Report and Business Information
Grip Systems Limited Competitor Analysis
Perform a competitor analysis for grip systems limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in WS11 area or any other competitors across 12 key performance metrics.
grip systems limited Ownership
GRIP SYSTEMS LIMITED group structure
Grip Systems Limited has no subsidiary companies.
Ultimate parent company
GRIP SYSTEMS LIMITED
09734085
grip systems limited directors
Grip Systems Limited currently has 3 directors. The longest serving directors include Mr Marcus Clarke (Aug 2015) and Mr Robert Clarke (Aug 2015).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Marcus Clarke | England | 43 years | Aug 2015 | - | Director |
| Mr Robert Clarke | United Kingdom | 45 years | Aug 2015 | - | Director |
| Mr George Clarke | England | 39 years | Aug 2015 | - | Director |
P&L
December 2023turnover
4.4m
+31%
operating profit
190.7k
0%
gross margin
18.7%
+5.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
613k
+0.32%
total assets
2.2m
+0.27%
cash
144.9k
+0.82%
net assets
Total assets minus all liabilities
Similar Companies
grip systems limited company details
company number
09734085
Type
Private limited with Share Capital
industry
22220 - Manufacture of plastic packing goods
incorporation date
August 2015
age
9
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
MONTACS
auditor
-
address
watling court orbital plaza, watling street, bridgtown, cannock, WS11 0EL
Bank
-
Legal Advisor
-
grip systems limited 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 grip systems limited.
grip systems limited 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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grip systems limited Companies House Filings - See Documents
| date | description | view/download |
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