ground-speed projects limited
ground-speed projects limited Company Information
Company Number
10422820
Website
-Registered Address
62 market street, office b5, eckington, sheffield, S21 4JH
Industry
Take away food shops and mobile food stands
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Thomas Welbourn7 Years
Shareholders
thomas daniel welbourn 100%
ground-speed projects limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND-SPEED PROJECTS LIMITED at £15.6k based on a Turnover of £26.3k and 0.6x industry multiple (adjusted for size and gross margin).
ground-speed projects limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND-SPEED PROJECTS LIMITED at £0 based on an EBITDA of £-347 and a 4.68x industry multiple (adjusted for size and gross margin).
ground-speed projects limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND-SPEED PROJECTS LIMITED at £8.2k based on Net Assets of £30.4k and 0.27x industry multiple (adjusted for liquidity).
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Ground-speed Projects Limited Overview
Ground-speed Projects Limited is a live company located in sheffield, S21 4JH with a Companies House number of 10422820. It operates in the take-away food shops and mobile food stands sector, SIC Code 56103. Founded in October 2016, it's largest shareholder is thomas daniel welbourn with a 100% stake. Ground-speed Projects Limited is a young, micro sized company, Pomanda has estimated its turnover at £26.3k with declining growth in recent years.
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Ground-speed Projects Limited Health Check
Pomanda's financial health check has awarded Ground-Speed Projects Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
6 Weak
Size
annual sales of £26.3k, make it smaller than the average company (£147.1k)
- Ground-speed Projects Limited
£147.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (6.7%)
- Ground-speed Projects Limited
6.7% - Industry AVG
Production
with a gross margin of 52.2%, this company has a comparable cost of product (52.2%)
- Ground-speed Projects Limited
52.2% - Industry AVG
Profitability
an operating margin of -1.3% make it less profitable than the average company (3.4%)
- Ground-speed Projects Limited
3.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (5)
1 - Ground-speed Projects Limited
5 - Industry AVG
Pay Structure
on an average salary of £11.4k, the company has an equivalent pay structure (£11.4k)
- Ground-speed Projects Limited
£11.4k - Industry AVG
Efficiency
resulting in sales per employee of £26.3k, this is less efficient (£38.4k)
- Ground-speed Projects Limited
£38.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ground-speed Projects Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (19 days)
- Ground-speed Projects Limited
19 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ground-speed Projects Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9409 weeks, this is more cash available to meet short term requirements (24 weeks)
9409 weeks - Ground-speed Projects Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.1%, this is a lower level of debt than the average (88.4%)
0.1% - Ground-speed Projects Limited
88.4% - Industry AVG
GROUND-SPEED PROJECTS LIMITED financials
Ground-Speed Projects Limited's latest turnover from March 2023 is estimated at £26.3 thousand and the company has net assets of £30.4 thousand. According to their latest financial statements, Ground-Speed Projects Limited has 1 employee and maintains cash reserves of £3.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| 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 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 36,715 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 26,600 | 26,600 | 0 | 0 | 0 | 0 | 0 |
| Cash | 3,800 | 12,544 | 0 | 17,882 | 23,619 | 20,707 | 14,294 |
| misc current assets | 0 | 0 | 0 | 1 | 0 | 0 | 1 |
| total current assets | 30,400 | 39,144 | 36,715 | 17,883 | 23,619 | 20,707 | 14,295 |
| total assets | 30,400 | 39,144 | 36,715 | 17,883 | 23,619 | 20,707 | 14,295 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1 | 1 | 9,913 | 0 | 7,432 | 0 | 0 |
| Group/Directors Accounts | 20 | 20 | 0 | 41 | 0 | 512 | 243 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 8,744 | 0 | 6,603 | 0 | 9,306 | 6,327 |
| total current liabilities | 21 | 8,765 | 9,913 | 6,644 | 7,432 | 9,818 | 6,570 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 21 | 8,765 | 9,913 | 6,644 | 7,432 | 9,818 | 6,570 |
| net assets | 30,379 | 30,379 | 26,802 | 11,239 | 16,187 | 10,889 | 7,725 |
| total shareholders funds | 30,379 | 30,379 | 26,802 | 11,239 | 16,187 | 10,889 | 7,725 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Oct 2017 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 0 | -10,115 | 36,715 | 0 | 0 | 0 | 0 |
| Creditors | 0 | -9,912 | 9,913 | -7,432 | 7,432 | 0 | 0 |
| Accruals and Deferred Income | -8,744 | 8,744 | -6,603 | 6,603 | -9,306 | 2,979 | 6,327 |
| Deferred Taxes & Provisions | 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 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 20 | -41 | 41 | -512 | 269 | 243 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -8,744 | 12,544 | -17,882 | -5,737 | 2,912 | 6,413 | 14,294 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -8,744 | 12,544 | -17,882 | -5,737 | 2,912 | 6,413 | 14,294 |
ground-speed projects limited Credit Report and Business Information
Ground-speed Projects Limited Competitor Analysis
Perform a competitor analysis for ground-speed projects limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in S21 area or any other competitors across 12 key performance metrics.
ground-speed projects limited Ownership
GROUND-SPEED PROJECTS LIMITED group structure
Ground-Speed Projects Limited has no subsidiary companies.
Ultimate parent company
GROUND-SPEED PROJECTS LIMITED
10422820
ground-speed projects limited directors
Ground-Speed Projects Limited currently has 1 director, Mr Thomas Welbourn serving since Oct 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Welbourn | England | 36 years | Oct 2016 | - | Director |
P&L
March 2023turnover
26.3k
-2%
operating profit
-347.3
0%
gross margin
52.2%
+5.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
30.4k
0%
total assets
30.4k
-0.22%
cash
3.8k
-0.7%
net assets
Total assets minus all liabilities
ground-speed projects limited company details
company number
10422820
Type
Private limited with Share Capital
industry
56103 - Take away food shops and mobile food stands
incorporation date
October 2016
age
8
incorporated
UK
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
62 market street, office b5, eckington, sheffield, S21 4JH
accountant
C TODD & CO
auditor
-
ground-speed projects 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 ground-speed projects limited.
ground-speed projects limited Companies House Filings - See Documents
| date | description | view/download |
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