grip reit plc
grip reit plc Company Information
Company Number
10172739
Next Accounts
Mar 2025
Industry
Buying and selling of own real estate
Shareholders
atlantic metropolitan (u.k.) limited
Group Structure
View All
Contact
Registered Address
citygate st. james' boulevard, newcastle upon tyne, NE1 4JE
Website
http://graingerplc.co.ukgrip reit plc Estimated Valuation
Pomanda estimates the enterprise value of GRIP REIT PLC at £0 based on a Turnover of £0 and 2.98x industry multiple (adjusted for size and gross margin).
grip reit plc Estimated Valuation
Pomanda estimates the enterprise value of GRIP REIT PLC at £187.6k based on an EBITDA of £30.6k and a 6.14x industry multiple (adjusted for size and gross margin).
grip reit plc Estimated Valuation
Pomanda estimates the enterprise value of GRIP REIT PLC at £630.9m based on Net Assets of £407.5m and 1.55x industry multiple (adjusted for liquidity).
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Grip Reit Plc Overview
Grip Reit Plc is a live company located in newcastle upon tyne, NE1 4JE with a Companies House number of 10172739. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in May 2016, it's largest shareholder is atlantic metropolitan (u.k.) limited with a 100% stake. Grip Reit Plc is a young, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.
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Grip Reit Plc Health Check
Pomanda's financial health check has awarded Grip Reit Plc a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 1 areas for improvement. Company Health Check FAQs
1 Strong
1 Regular
1 Weak
Size
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
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Production
There is insufficient data available for this Key Performance Indicator!
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Profitability
There is insufficient data available for this Key Performance Indicator!
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- - Industry AVG
Employees
with 1 employees, this is below the industry average (4)
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- - Industry AVG
Pay Structure
on an average salary of £37.4k, the company has an equivalent pay structure (£37.4k)
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- - Industry AVG
Efficiency
There is insufficient data available for this Key Performance Indicator!
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Debtor Days
There is insufficient data available for this Key Performance Indicator!
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Creditor Days
There is insufficient data available for this Key Performance Indicator!
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Stock Days
There is insufficient data available for this Key Performance Indicator!
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Cash Balance
There is insufficient data available for this Key Performance Indicator!
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Debt Level
it has a ratio of liabilities to total assets of 0%, this is a lower level of debt than the average (64.5%)
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- - Industry AVG
GRIP REIT PLC financials
Grip Reit Plc's latest turnover from September 2023 is 0 and the company has net assets of £407.5 million. According to their latest financial statements, we estimate that Grip Reit Plc has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 0 | 0 | 0 | 0 | 0 | 20,296,798 | 20,231,335 | 19,073,697 | 17,306,997 |
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | 30,550 | -30 | -31 | -3,229 | -23,452 | 25,971,773 | 15,141,810 | 12,526,804 | 15,033,761 |
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 9,389,158 | 8,162,181 | 8,687,183 | 12,073,775 |
| Interest Receivable | 0 | 0 | 37 | 0 | 0 | 50,029 | 2,787 | 6,335 | 5,780 |
| Pre-Tax Profit | 30,550 | 16,675 | 15,145 | 190,512 | 16,812,191 | 35,358,654 | 11,911,938 | 29,562,048 | 43,818,944 |
| Tax | 37,699 | -716 | -1 | 614 | -5,988 | -368,954 | -17,404 | -3,118,138 | 189,190 |
| Profit After Tax | 68,249 | 15,959 | 15,144 | 191,126 | 16,806,203 | 34,989,700 | 11,894,534 | 26,443,910 | 44,008,134 |
| Dividends Paid | 0 | 0 | 0 | 14,970,744 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 68,249 | 15,959 | 15,144 | -14,779,618 | 16,806,203 | 34,095,622 | 11,537,929 | 25,782,808 | 43,177,005 |
| Employee Costs | 0 | 0 | 0 | ||||||
| Number Of Employees | |||||||||
| EBITDA* | 30,550 | -30 | -31 | -3,229 | -23,452 | 25,971,773 | 15,141,810 | 12,526,804 | 15,033,761 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 700,942,130 | 675,983,838 | 638,319,237 | 546,920,996 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 405,261,101 | 405,261,101 | 405,244,396 | 405,244,396 | 405,244,396 | 700,823,993 | 675,940,147 | 638,258,142 | 544,363,216 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 405,261,101 | 405,261,101 | 405,244,396 | 405,244,396 | 405,244,396 | 700,942,130 | 675,983,838 | 638,319,237 | 546,920,996 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 301,444 | 414,201 | 408,778 | 327,680 |
| Group Debtors | 2,228,130 | 1,078,777 | 1,079,493 | 1,079,495 | 16,015,180 | 0 | 0 | 0 | 0 |
| Misc Debtors | 44,420 | 510 | 510 | 510 | 50,591 | 752,420 | 659,625 | 6,711,629 | 3,389,245 |
| Cash | 0 | 1,156,074 | 1,156,104 | 1,140,958 | 934,909 | 45,682,463 | 44,815,355 | 26,666,342 | 22,150,752 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 621,453 |
| total current assets | 2,272,550 | 2,235,361 | 2,236,107 | 2,220,963 | 17,000,680 | 46,736,327 | 45,889,181 | 33,786,749 | 26,489,130 |
| total assets | 407,533,651 | 407,496,462 | 407,480,503 | 407,465,359 | 422,245,076 | 747,678,457 | 721,873,019 | 672,105,986 | 573,410,126 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 73,139,938 | 95,580,337 | 92,884,133 | 98,060,820 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 164,721 | 664,575 | 406,578 | 548,020 |
| Group/Directors Accounts | 100 | 100 | 100 | 100 | 200 | 0 | 0 | 0 | 0 |
| 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 | 0 | 31,060 | 31,060 | 31,060 | 31,059 | 12,835,947 | 9,928,293 | 7,099,858 | 8,234,404 |
| total current liabilities | 100 | 31,160 | 31,160 | 31,160 | 31,259 | 86,140,606 | 106,173,205 | 100,390,569 | 106,843,244 |
| loans | 0 | 0 | 0 | 0 | 0 | 433,586,619 | 422,264,125 | 434,679,229 | 393,042,346 |
| 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 | 8,000,000 | 5,000,000 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 170,720 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 217,502,511 | 220,491,245 | 224,373,588 | 197,090,644 |
| total liabilities | 100 | 31,160 | 31,160 | 31,160 | 31,259 | 303,643,117 | 326,664,450 | 324,764,157 | 303,933,888 |
| net assets | 407,533,551 | 407,465,302 | 407,449,343 | 407,434,199 | 422,213,817 | 437,250,952 | 389,264,939 | 341,668,154 | 264,914,435 |
| total shareholders funds | 407,533,551 | 407,465,302 | 407,449,343 | 407,434,199 | 422,213,817 | 437,250,952 | 389,264,939 | 341,668,154 | 264,914,435 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | 30,550 | -30 | -31 | -3,229 | -23,452 | 25,971,773 | 15,141,810 | 12,526,804 | 15,033,761 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 37,699 | -716 | -1 | 614 | -5,988 | -368,954 | -17,404 | -3,118,138 | 189,190 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 1,193,263 | -716 | -2 | -14,985,766 | 15,011,907 | -19,962 | -6,046,581 | 3,403,482 | 3,716,925 |
| Creditors | 0 | 0 | 0 | 0 | -164,721 | -499,854 | 257,997 | -141,442 | 548,020 |
| Accruals and Deferred Income | -31,060 | 0 | 0 | 1 | -12,804,888 | 2,907,654 | 2,828,435 | -1,134,546 | 8,234,404 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | -170,720 | 170,720 | 0 | 0 | 0 |
| Cash flow from operations | -1,156,074 | -30 | -30 | 14,983,152 | -28,181,676 | 28,201,301 | 24,257,419 | 4,729,196 | 20,288,450 |
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 16,705 | 0 | 0 | -295,579,597 | 24,883,846 | 37,682,005 | 93,894,926 | 544,363,216 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | -100 | 200 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -433,586,619 | 11,322,494 | -12,415,104 | 41,636,883 | 393,042,346 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -8,000,000 | 3,000,000 | 5,000,000 | 0 |
| share issue | |||||||||
| interest | 0 | 0 | 37 | 0 | 0 | -9,339,129 | -8,159,394 | -8,680,848 | -12,067,995 |
| cash flow from financing | 0 | 0 | 37 | -100 | -465,429,757 | 7,873,756 | 18,484,358 | 88,926,946 | 602,711,781 |
| cash and cash equivalents | |||||||||
| cash | -1,156,074 | -30 | 15,146 | 206,049 | -44,747,554 | 867,108 | 18,149,013 | 4,515,590 | 22,150,752 |
| overdraft | 0 | 0 | 0 | 0 | -73,139,938 | -22,440,399 | 2,696,204 | -5,176,687 | 98,060,820 |
| change in cash | -1,156,074 | -30 | 15,146 | 206,049 | 28,392,384 | 23,307,507 | 15,452,809 | 9,692,277 | -75,910,068 |
grip reit plc Credit Report and Business Information
Grip Reit Plc Competitor Analysis
Perform a competitor analysis for grip reit plc by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other young companies, companies in NE1 area or any other competitors across 12 key performance metrics.
grip reit plc Ownership
GRIP REIT PLC group structure
Grip Reit Plc has 1 subsidiary company.
Ultimate parent company
IRG
#0147414
2 parents
GRIP REIT PLC
10172739
1 subsidiary
grip reit plc directors
Grip Reit Plc currently has 3 directors. The longest serving directors include Ms Helen Gordon (Dec 2018) and Mr Robert Hudson (Mar 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Helen Gordon | England | 65 years | Dec 2018 | - | Director |
| Mr Robert Hudson | 51 years | Mar 2022 | - | Director | |
| Mrs Sapna Fitzgerald | United Kingdom | 50 years | Sep 2024 | - | Director |
P&L
September 2023turnover
0
0%
operating profit
30.6k
-101933%
gross margin
0%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
407.5m
0%
total assets
407.5m
0%
cash
0
-1%
net assets
Total assets minus all liabilities
grip reit plc company details
company number
10172739
Type
Public limited with Share Capital
industry
68100 - Buying and selling of own real estate
incorporation date
May 2016
age
9
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
September 2023
previous names
grip reit limited (July 2016)
accountant
-
auditor
KPMG LLP
address
citygate st. james' boulevard, newcastle upon tyne, NE1 4JE
Bank
BARCLAYS BANK PLC
Legal Advisor
WOMBLE BOND DICKINSON (UK) LLP
grip reit 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 2 charges/mortgages relating to grip reit plc. Currently there are 2 open charges and 0 have been satisfied in the past.
grip reit 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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grip reit plc Companies House Filings - See Documents
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