groovement ltd
groovement ltd Company Information
Company Number
13435001
Next Accounts
Mar 2026
Shareholders
wesley allmark
ross clough
Group Structure
View All
Industry
Event catering activities
Registered Address
427 chillingham road, heaton, tyne and wear, NE6 5QU
Website
-groovement ltd Estimated Valuation
Pomanda estimates the enterprise value of GROOVEMENT LTD at £66.2k based on a Turnover of £127.4k and 0.52x industry multiple (adjusted for size and gross margin).
groovement ltd Estimated Valuation
Pomanda estimates the enterprise value of GROOVEMENT LTD at £0 based on an EBITDA of £-4.3k and a 3.83x industry multiple (adjusted for size and gross margin).
groovement ltd Estimated Valuation
Pomanda estimates the enterprise value of GROOVEMENT LTD at £0 based on Net Assets of £-18k and 3.14x industry multiple (adjusted for liquidity).
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Groovement Ltd Overview
Groovement Ltd is a live company located in tyne and wear, NE6 5QU with a Companies House number of 13435001. It operates in the event catering activities sector, SIC Code 56210. Founded in June 2021, it's largest shareholder is wesley allmark with a 51% stake. Groovement Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £127.4k with unknown growth in recent years.
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Groovement Ltd Health Check
Pomanda's financial health check has awarded Groovement Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs
0 Strong
3 Regular
5 Weak
Size
annual sales of £127.4k, make it smaller than the average company (£623k)
- Groovement Ltd
£623k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Groovement Ltd
- - Industry AVG
Production
with a gross margin of 39.5%, this company has a comparable cost of product (39.5%)
- Groovement Ltd
39.5% - Industry AVG
Profitability
an operating margin of -3.4% make it less profitable than the average company (5.5%)
- Groovement Ltd
5.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (12)
2 - Groovement Ltd
12 - Industry AVG
Pay Structure
on an average salary of £19.8k, the company has an equivalent pay structure (£19.8k)
- Groovement Ltd
£19.8k - Industry AVG
Efficiency
resulting in sales per employee of £63.7k, this is equally as efficient (£63.7k)
- Groovement Ltd
£63.7k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Groovement Ltd
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Groovement Ltd
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Groovement Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (26 weeks)
0 weeks - Groovement Ltd
26 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 36753.1%, this is a higher level of debt than the average (81%)
36753.1% - Groovement Ltd
81% - Industry AVG
GROOVEMENT LTD financials
Groovement Ltd's latest turnover from June 2024 is estimated at £127.4 thousand and the company has net assets of -£18 thousand. According to their latest financial statements, Groovement Ltd has 2 employees and maintains cash reserves of £49 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|
| 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 | 2 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 218 |
| Group Debtors | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 |
| Cash | 49 | 257 | 0 |
| misc current assets | 0 | 0 | 0 |
| total current assets | 49 | 257 | 218 |
| total assets | 49 | 257 | 218 |
| Bank overdraft | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 4,226 |
| Group/Directors Accounts | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| other current liabilities | 18,009 | 13,895 | 0 |
| total current liabilities | 18,009 | 13,895 | 4,226 |
| loans | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 800 |
| other liabilities | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 800 |
| total liabilities | 18,009 | 13,895 | 5,026 |
| net assets | -17,960 | -13,638 | -4,808 |
| total shareholders funds | -17,960 | -13,638 | -4,808 |
| Jun 2024 | Jun 2023 | Jun 2022 | |
|---|---|---|---|
| Operating Activities | |||
| Operating Profit | |||
| Depreciation | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 |
| Tax | |||
| Stock | 0 | 0 | 0 |
| Debtors | 0 | -218 | 218 |
| Creditors | 0 | -4,226 | 4,226 |
| Accruals and Deferred Income | 4,114 | 13,095 | 800 |
| Deferred Taxes & Provisions | 0 | 0 | 0 |
| Cash flow from operations | |||
| Investing Activities | |||
| capital expenditure | |||
| Change in Investments | 0 | 0 | 0 |
| cash flow from investments | |||
| Financing Activities | |||
| Bank loans | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 |
| share issue | |||
| interest | |||
| cash flow from financing | |||
| cash and cash equivalents | |||
| cash | -208 | 257 | 0 |
| overdraft | 0 | 0 | 0 |
| change in cash | -208 | 257 | 0 |
groovement ltd Credit Report and Business Information
Groovement Ltd Competitor Analysis
Perform a competitor analysis for groovement ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in NE6 area or any other competitors across 12 key performance metrics.
groovement ltd Ownership
GROOVEMENT LTD group structure
Groovement Ltd has no subsidiary companies.
Ultimate parent company
GROOVEMENT LTD
13435001
groovement ltd directors
Groovement Ltd currently has 2 directors. The longest serving directors include Mr Ross Clough (Jun 2021) and Mr Wesley Allmark (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ross Clough | England | 27 years | Jun 2021 | - | Director |
| Mr Wesley Allmark | England | 26 years | Jun 2021 | - | Director |
P&L
June 2024turnover
127.4k
+17%
operating profit
-4.3k
0%
gross margin
39.5%
-6.52%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2024net assets
-18k
+0.32%
total assets
49
-0.81%
cash
49
-0.81%
net assets
Total assets minus all liabilities
Similar Companies
groovement ltd company details
company number
13435001
Type
Private limited with Share Capital
industry
56210 - Event catering activities
incorporation date
June 2021
age
4
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
June 2024
previous names
N/A
accountant
LDF ACCOUNTANCY SERVICES LTD
auditor
-
address
427 chillingham road, heaton, tyne and wear, NE6 5QU
Bank
-
Legal Advisor
-
groovement 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 did not find charges/mortgages relating to groovement ltd.
groovement ltd 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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groovement ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
