grove homes southern ltd
grove homes southern ltd Company Information
Company Number
11789802
Website
grovehomesdevon.co.ukRegistered Address
unit 3, dean court business park, unit 3, dean court business park, buckfastleigh, TQ11 0LT
Industry
Construction of domestic buildings
Telephone
441803415100
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
broadclouds limited 100%
grove homes southern ltd Estimated Valuation
Pomanda estimates the enterprise value of GROVE HOMES SOUTHERN LTD at £344.9k based on a Turnover of £1.2m and 0.28x industry multiple (adjusted for size and gross margin).
grove homes southern ltd Estimated Valuation
Pomanda estimates the enterprise value of GROVE HOMES SOUTHERN LTD at £942k based on an EBITDA of £411k and a 2.29x industry multiple (adjusted for size and gross margin).
grove homes southern ltd Estimated Valuation
Pomanda estimates the enterprise value of GROVE HOMES SOUTHERN LTD at £421.7k based on Net Assets of £334.7k and 1.26x industry multiple (adjusted for liquidity).
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Grove Homes Southern Ltd Overview
Grove Homes Southern Ltd is a live company located in buckfastleigh, TQ11 0LT with a Companies House number of 11789802. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in January 2019, it's largest shareholder is broadclouds limited with a 100% stake. Grove Homes Southern Ltd is a young, small sized company, Pomanda has estimated its turnover at £1.2m with rapid growth in recent years.
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Grove Homes Southern Ltd Health Check
Pomanda's financial health check has awarded Grove Homes Southern Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £1.2m, make it larger than the average company (£562.8k)
- Grove Homes Southern Ltd
£562.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 81%, show it is growing at a faster rate (7.6%)
- Grove Homes Southern Ltd
7.6% - Industry AVG
Production
with a gross margin of 9.4%, this company has a higher cost of product (19.9%)
- Grove Homes Southern Ltd
19.9% - Industry AVG
Profitability
an operating margin of 33.7% make it more profitable than the average company (6.2%)
- Grove Homes Southern Ltd
6.2% - Industry AVG
Employees
with 3 employees, this is similar to the industry average (3)
3 - Grove Homes Southern Ltd
3 - Industry AVG
Pay Structure
on an average salary of £43.4k, the company has an equivalent pay structure (£43.4k)
- Grove Homes Southern Ltd
£43.4k - Industry AVG
Efficiency
resulting in sales per employee of £406.3k, this is more efficient (£207.5k)
- Grove Homes Southern Ltd
£207.5k - Industry AVG
Debtor Days
it gets paid by customers after 108 days, this is later than average (25 days)
- Grove Homes Southern Ltd
25 days - Industry AVG
Creditor Days
its suppliers are paid after 99 days, this is slower than average (28 days)
- Grove Homes Southern Ltd
28 days - Industry AVG
Stock Days
it holds stock equivalent to 73 days, this is less than average (259 days)
- Grove Homes Southern Ltd
259 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 8 weeks, this is less cash available to meet short term requirements (15 weeks)
8 weeks - Grove Homes Southern Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 47.3%, this is a lower level of debt than the average (74.4%)
47.3% - Grove Homes Southern Ltd
74.4% - Industry AVG
GROVE HOMES SOUTHERN LTD financials
Grove Homes Southern Ltd's latest turnover from March 2023 is estimated at £1.2 million and the company has net assets of £334.7 thousand. According to their latest financial statements, Grove Homes Southern Ltd has 3 employees and maintains cash reserves of £50.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Turnover | 0 | 0 | ||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | ||||
| Admin Expenses | ||||
| Operating Profit | 515 | -315 | ||
| Interest Payable | 0 | 0 | ||
| Interest Receivable | 0 | 0 | ||
| Pre-Tax Profit | 515 | -315 | ||
| Tax | 0 | 0 | ||
| Profit After Tax | 515 | -315 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | 515 | -315 | ||
| Employee Costs | ||||
| Number Of Employees | 3 | 2 | 2 | 2 |
| EBITDA* | 515 | -315 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 |
| Stock & work in progress | 223,588 | 1,411,456 | 514,844 | 514,844 |
| Trade Debtors | 360,663 | 2,429 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 100 | 100 | 100 |
| Cash | 50,811 | 45,828 | 11 | 26 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 635,062 | 1,459,813 | 514,955 | 514,970 |
| total assets | 635,062 | 1,459,813 | 514,955 | 514,970 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 300,384 | 278,245 | 450 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 1,181,308 | 514,770 | 514,870 |
| total current liabilities | 300,384 | 1,459,553 | 515,220 | 514,870 |
| loans | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 160 | 150 | 200 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 160 | 150 | 200 |
| total liabilities | 300,384 | 1,459,713 | 515,370 | 515,070 |
| net assets | 334,678 | 100 | -415 | -100 |
| total shareholders funds | 334,678 | 100 | -415 | -100 |
| Mar 2023 | Mar 2022 | Jan 2021 | Jan 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 515 | -315 | ||
| Depreciation | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | ||
| Stock | -1,187,868 | 896,612 | 0 | 514,844 |
| Debtors | 358,134 | 2,429 | 0 | 100 |
| Creditors | 22,139 | 277,795 | 450 | 0 |
| Accruals and Deferred Income | -1,181,308 | 666,538 | -100 | 514,870 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 45,807 | 35 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | -160 | 10 | -50 | 200 |
| share issue | ||||
| interest | 0 | 0 | ||
| cash flow from financing | 10 | -50 | ||
| cash and cash equivalents | ||||
| cash | 4,983 | 45,817 | -15 | 26 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 4,983 | 45,817 | -15 | 26 |
grove homes southern ltd Credit Report and Business Information
Grove Homes Southern Ltd Competitor Analysis
Perform a competitor analysis for grove homes southern ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
grove homes southern ltd Ownership
GROVE HOMES SOUTHERN LTD group structure
Grove Homes Southern Ltd has no subsidiary companies.
grove homes southern ltd directors
Grove Homes Southern Ltd currently has 3 directors. The longest serving directors include Mr Daniel Salt (Apr 2021) and Mr James Salt (Oct 2022).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Daniel Salt | 50 years | Apr 2021 | - | Director | |
| Mr James Salt | England | 44 years | Oct 2022 | - | Director |
| Mr Matthew Salt | United Kingdom | 48 years | Oct 2022 | - | Director |
P&L
March 2023turnover
1.2m
0%
operating profit
411k
0%
gross margin
9.4%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
334.7k
+3345.78%
total assets
635.1k
-0.56%
cash
50.8k
+0.11%
net assets
Total assets minus all liabilities
Similar Companies
grove homes southern ltd company details
company number
11789802
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
January 2019
age
5
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 3, dean court business park, unit 3, dean court business park, buckfastleigh, TQ11 0LT
last accounts submitted
March 2023
grove homes southern 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 found 2 charges/mortgages relating to grove homes southern ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
grove homes southern ltd Companies House Filings - See Documents
| date | description | view/download |
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