floating grace limited
floating grace limited Company Information
Company Number
10828104
Website
www.floatinggrace.co.ukRegistered Address
3 rock lane east, birkenhead, CH42 1PE
Industry
Inland passenger water transport
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Directors
Peter Kenny7 Years
Shareholders
peter raymond kenny 60%
carol kenny 40%
floating grace limited Estimated Valuation
Pomanda estimates the enterprise value of FLOATING GRACE LIMITED at £190.6k based on a Turnover of £254.2k and 0.75x industry multiple (adjusted for size and gross margin).
floating grace limited Estimated Valuation
Pomanda estimates the enterprise value of FLOATING GRACE LIMITED at £466.5k based on an EBITDA of £134.8k and a 3.46x industry multiple (adjusted for size and gross margin).
floating grace limited Estimated Valuation
Pomanda estimates the enterprise value of FLOATING GRACE LIMITED at £404.6k based on Net Assets of £272.4k and 1.49x industry multiple (adjusted for liquidity).
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Floating Grace Limited Overview
Floating Grace Limited is a live company located in birkenhead, CH42 1PE with a Companies House number of 10828104. It operates in the inland passenger water transport sector, SIC Code 50300. Founded in June 2017, it's largest shareholder is peter raymond kenny with a 60% stake. Floating Grace Limited is a young, micro sized company, Pomanda has estimated its turnover at £254.2k with declining growth in recent years.
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Floating Grace Limited Health Check
Pomanda's financial health check has awarded Floating Grace Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £254.2k, make it smaller than the average company (£3.2m)
- Floating Grace Limited
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (2.8%)
- Floating Grace Limited
2.8% - Industry AVG
Production
with a gross margin of 22.9%, this company has a higher cost of product (46.3%)
- Floating Grace Limited
46.3% - Industry AVG
Profitability
an operating margin of 50.2% make it more profitable than the average company (20.9%)
- Floating Grace Limited
20.9% - Industry AVG
Employees
with 4 employees, this is below the industry average (51)
4 - Floating Grace Limited
51 - Industry AVG
Pay Structure
on an average salary of £38.5k, the company has an equivalent pay structure (£38.5k)
- Floating Grace Limited
£38.5k - Industry AVG
Efficiency
resulting in sales per employee of £63.6k, this is less efficient (£84.9k)
- Floating Grace Limited
£84.9k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (16 days)
- Floating Grace Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (26 days)
- Floating Grace Limited
26 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (8 days)
- Floating Grace Limited
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 285 weeks, this is more cash available to meet short term requirements (21 weeks)
285 weeks - Floating Grace Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.6%, this is a lower level of debt than the average (50.4%)
23.6% - Floating Grace Limited
50.4% - Industry AVG
FLOATING GRACE LIMITED financials
Floating Grace Limited's latest turnover from June 2023 is estimated at £254.2 thousand and the company has net assets of £272.4 thousand. According to their latest financial statements, Floating Grace Limited has 4 employees and maintains cash reserves of £294.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| 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 | 4 | 2 | 2 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 42,043 | 45,419 | 174 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 42,043 | 45,419 | 174 | 0 | 0 | 0 |
| Stock & work in progress | 825 | 750 | 500 | 0 | 280 | 0 |
| Trade Debtors | 19,313 | 44,152 | 37,236 | 64,452 | 5,071 | 1 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 294,591 | 174,034 | 93,453 | 60,776 | 3,543 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 314,729 | 218,936 | 131,189 | 125,228 | 8,894 | 1 |
| total assets | 356,772 | 264,355 | 131,363 | 125,228 | 8,894 | 1 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 53,580 | 60,023 | 75,657 | 82,383 | 8,867 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 53,580 | 60,023 | 75,657 | 82,383 | 8,867 | 0 |
| loans | 0 | 10,832 | 0 | 50,000 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 30,752 | 25,153 | 37,975 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 30,752 | 35,985 | 37,975 | 50,000 | 0 | 0 |
| total liabilities | 84,332 | 96,008 | 113,632 | 132,383 | 8,867 | 0 |
| net assets | 272,440 | 168,347 | 17,731 | -7,155 | 27 | 1 |
| total shareholders funds | 272,440 | 168,347 | 17,731 | -7,155 | 27 | 1 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 7,153 | 55 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||
| Stock | 75 | 250 | 500 | -280 | 280 | 0 |
| Debtors | -24,839 | 6,916 | -27,216 | 59,381 | 5,070 | 1 |
| Creditors | -6,443 | -15,634 | -6,726 | 73,516 | 8,867 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -10,832 | 10,832 | -50,000 | 50,000 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 5,599 | -12,822 | 37,975 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 120,557 | 80,581 | 32,677 | 57,233 | 3,543 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 120,557 | 80,581 | 32,677 | 57,233 | 3,543 | 0 |
floating grace limited Credit Report and Business Information
Floating Grace Limited Competitor Analysis
Perform a competitor analysis for floating grace limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other micro companies, companies in CH42 area or any other competitors across 12 key performance metrics.
floating grace limited Ownership
FLOATING GRACE LIMITED group structure
Floating Grace Limited has no subsidiary companies.
Ultimate parent company
FLOATING GRACE LIMITED
10828104
floating grace limited directors
Floating Grace Limited currently has 1 director, Mr Peter Kenny serving since Jun 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Kenny | England | 61 years | Jun 2017 | - | Director |
P&L
June 2023turnover
254.2k
+11%
operating profit
127.7k
0%
gross margin
23%
+36.32%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
272.4k
+0.62%
total assets
356.8k
+0.35%
cash
294.6k
+0.69%
net assets
Total assets minus all liabilities
floating grace limited company details
company number
10828104
Type
Private limited with Share Capital
industry
50300 - Inland passenger water transport
incorporation date
June 2017
age
7
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
June 2023
previous names
N/A
accountant
DOUGLAS FAIRLESS PARTNERSHIP
auditor
-
address
3 rock lane east, birkenhead, CH42 1PE
Bank
-
Legal Advisor
-
floating grace 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 floating grace limited.
floating grace limited Companies House Filings - See Documents
| date | description | view/download |
|---|
