ground developments limited Company Information
Company Number
SC258485
Website
www.grounddevelopments.co.ukRegistered Address
unit 1, burnhouse industrial estate, bathgate, EH47 0LQ
Industry
Site preparation
Telephone
01506884405
Next Accounts Due
November 2025
Group Structure
View All
Shareholders
peter o nicholas 66.7%
wayne barr 11.1%
View Allground developments limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND DEVELOPMENTS LIMITED at £3.9m based on a Turnover of £10.5m and 0.37x industry multiple (adjusted for size and gross margin).
ground developments limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND DEVELOPMENTS LIMITED at £4.4m based on an EBITDA of £1m and a 4.24x industry multiple (adjusted for size and gross margin).
ground developments limited Estimated Valuation
Pomanda estimates the enterprise value of GROUND DEVELOPMENTS LIMITED at £7.4m based on Net Assets of £3.7m and 2.03x industry multiple (adjusted for liquidity).
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Ground Developments Limited Overview
Ground Developments Limited is a live company located in bathgate, EH47 0LQ with a Companies House number of SC258485. It operates in the site preparation sector, SIC Code 43120. Founded in October 2003, it's largest shareholder is peter o nicholas with a 66.7% stake. Ground Developments Limited is a mature, mid sized company, Pomanda has estimated its turnover at £10.5m with high growth in recent years.
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Ground Developments Limited Health Check
Pomanda's financial health check has awarded Ground Developments Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 1 areas for improvement. Company Health Check FAQs
![Health Check Image](/assets/images/big_heart.png)
![positive_score](/assets/images/scoreRate2.png)
5 Strong
![positive_score](/assets/images/scoreRate1.png)
6 Regular
![positive_score](/assets/images/scoreRate0.png)
1 Weak
![size](/assets/images/scoreRate1.png)
Size
annual sales of £10.5m, make it in line with the average company (£11.5m)
- Ground Developments Limited
£11.5m - Industry AVG
![growth](/assets/images/scoreRate2.png)
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.7%)
- Ground Developments Limited
7.7% - Industry AVG
![production](/assets/images/scoreRate1.png)
Production
with a gross margin of 20.8%, this company has a comparable cost of product (20.8%)
- Ground Developments Limited
20.8% - Industry AVG
![profitability](/assets/images/scoreRate1.png)
Profitability
an operating margin of 9.8% make it as profitable than the average company (8.3%)
- Ground Developments Limited
8.3% - Industry AVG
![employees](/assets/images/scoreRate1.png)
Employees
with 44 employees, this is similar to the industry average (37)
44 - Ground Developments Limited
37 - Industry AVG
![paystructure](/assets/images/scoreRate1.png)
Pay Structure
on an average salary of £49.3k, the company has an equivalent pay structure (£49.3k)
- Ground Developments Limited
£49.3k - Industry AVG
![efficiency](/assets/images/scoreRate1.png)
Efficiency
resulting in sales per employee of £239.1k, this is equally as efficient (£256.8k)
- Ground Developments Limited
£256.8k - Industry AVG
![debtordays](/assets/images/scoreRate2.png)
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (42 days)
- Ground Developments Limited
42 days - Industry AVG
![creditordays](/assets/images/scoreRate2.png)
Creditor Days
its suppliers are paid after 47 days, this is slower than average (37 days)
- Ground Developments Limited
37 days - Industry AVG
![stockdays](/assets/images/scoreRate0.png)
Stock Days
it holds stock equivalent to 59 days, this is more than average (8 days)
- Ground Developments Limited
8 days - Industry AVG
![cashbalance](/assets/images/scoreRate2.png)
Cash Balance
has cash to cover current liabilities for 67 weeks, this is more cash available to meet short term requirements (25 weeks)
67 weeks - Ground Developments Limited
25 weeks - Industry AVG
![debtlevel](/assets/images/scoreRate2.png)
Debt Level
it has a ratio of liabilities to total assets of 27.2%, this is a lower level of debt than the average (61.2%)
27.2% - Ground Developments Limited
61.2% - Industry AVG
GROUND DEVELOPMENTS LIMITED financials
![ms excel logo](/assets/images/ms_excel_logo.png)
Ground Developments Limited's latest turnover from February 2024 is estimated at £10.5 million and the company has net assets of £3.7 million. According to their latest financial statements, Ground Developments Limited has 44 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Turnover | 14,174,013 | 17,142,209 | 9,722,701 | 13,569,594 | 12,016,185 | 10,273,227 | |||||||||
Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | ||||||||||
Cost Of Sales | 11,821,197 | 11,991,666 | 8,526,326 | 11,849,648 | 10,743,438 | ||||||||||
Gross Profit | 2,352,816 | 5,150,543 | 1,196,375 | 1,719,946 | 1,272,747 | ||||||||||
Admin Expenses | 1,026,322 | 970,109 | 711,317 | 1,008,320 | 971,978 | ||||||||||
Operating Profit | 1,326,494 | 4,180,434 | 485,058 | 711,626 | 300,769 | 1,492,647 | |||||||||
Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | |||||||||
Interest Receivable | 16,502 | 2,391 | 715 | 2,217 | 6,273 | 4,251 | |||||||||
Pre-Tax Profit | 1,342,996 | 4,182,825 | 485,773 | 713,843 | 307,042 | 1,496,898 | |||||||||
Tax | -259,646 | -795,375 | -93,535 | -143,030 | -63,782 | -318,072 | |||||||||
Profit After Tax | 1,083,350 | 3,387,450 | 392,238 | 570,813 | 243,260 | 1,178,826 | |||||||||
Dividends Paid | 2,467,000 | 1,460,900 | 264,000 | 789,280 | 329,280 | 677,560 | |||||||||
Retained Profit | -1,383,650 | 1,926,550 | 128,238 | -218,467 | -86,020 | 501,266 | |||||||||
Employee Costs | 3,299,321 | 2,648,434 | 2,900,633 | 3,029,057 | 2,234,919 | 1,820,648 | |||||||||
Number Of Employees | 44 | 48 | 43 | 40 | 44 | 49 | 52 | 52 | 53 | 49 | |||||
EBITDA* | 1,345,123 | 4,188,821 | 493,624 | 718,238 | 306,505 | 1,498,709 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Tangible Assets | 57,154 | 66,049 | 69,781 | 67,648 | 73,131 | 55,600 | 50,511 | 43,021 | 34,505 | 37,840 | 39,082 | 29,822 | 33,720 | 32,003 | 30,980 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 57,154 | 66,049 | 69,781 | 67,648 | 73,131 | 55,600 | 50,511 | 43,021 | 34,505 | 37,840 | 39,082 | 29,822 | 33,720 | 32,003 | 30,980 |
Stock & work in progress | 1,357,624 | 930,130 | 337,119 | 325,000 | 540,000 | 183,247 | 0 | 0 | 0 | 0 | 37,405 | 0 | 0 | 0 | 0 |
Trade Debtors | 653,445 | 1,059,516 | 1,758,902 | 129,455 | 1,163,415 | 1,836,777 | 1,324,208 | 2,002,552 | 2,568,331 | 1,827,427 | 887,820 | 898,135 | 744,243 | 1,077,634 | 804,967 |
Group Debtors | 0 | 0 | 0 | 1,639,885 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 1,204,140 | 1,138,862 | 1,049,584 | 164,122 | 59,650 | 16,975 | 86,206 | 210,298 | 44,440 | 108,646 | 0 | 0 | 0 | 0 | 0 |
Cash | 1,763,729 | 1,485,620 | 1,788,360 | 1,216,333 | 994,483 | 2,087,994 | 586,399 | 1,267,573 | 1,138,007 | 1,599,139 | 1,125,131 | 427,207 | 380,567 | 174,552 | 539,831 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 4,978,938 | 4,614,128 | 4,933,965 | 3,474,795 | 2,757,548 | 5,124,993 | 1,996,813 | 3,480,423 | 3,750,778 | 3,535,212 | 2,050,356 | 1,325,342 | 1,124,810 | 1,252,186 | 1,344,798 |
total assets | 5,036,092 | 4,680,177 | 5,003,746 | 3,542,443 | 2,830,679 | 5,180,593 | 2,047,324 | 3,523,444 | 3,785,283 | 3,573,052 | 2,089,438 | 1,355,164 | 1,158,530 | 1,284,189 | 1,375,778 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 1,082,661 | 243,632 | 923,098 | 1,869,539 | 531,093 | 953,631 | 618,403 | 1,766,230 | 1,934,981 | 1,456,547 | 1,275,832 | 953,061 | 893,640 | 1,148,911 | 957,334 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 282,837 | 1,598,192 | 701,114 | 454,924 | 617,880 | 1,161,946 | 290,513 | 747,044 | 621,488 | 801,891 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,365,498 | 1,841,824 | 1,624,212 | 2,324,463 | 1,148,973 | 2,115,577 | 908,916 | 2,513,274 | 2,556,469 | 2,258,438 | 1,275,832 | 953,061 | 893,640 | 1,148,911 | 957,334 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
provisions | 5,302 | 3,101 | 3,101 | 2,794 | 3,019 | 2,679 | 2,621 | 2,621 | 2,798 | 2,578 | 2,836 | 2,624 | 2,915 | 3,321 | 2,910 |
total long term liabilities | 5,302 | 3,101 | 3,101 | 2,794 | 3,019 | 2,679 | 2,621 | 2,621 | 2,798 | 2,578 | 2,836 | 2,624 | 2,915 | 3,321 | 2,910 |
total liabilities | 1,370,800 | 1,844,925 | 1,627,313 | 2,327,257 | 1,151,992 | 2,118,256 | 911,537 | 2,515,895 | 2,559,267 | 2,261,016 | 1,278,668 | 955,685 | 896,555 | 1,152,232 | 960,244 |
net assets | 3,665,292 | 2,835,252 | 3,376,433 | 1,215,186 | 1,678,687 | 3,062,337 | 1,135,787 | 1,007,549 | 1,226,016 | 1,312,036 | 810,770 | 399,479 | 261,975 | 131,957 | 415,534 |
total shareholders funds | 3,665,292 | 2,835,252 | 3,376,433 | 1,215,186 | 1,678,687 | 3,062,337 | 1,135,787 | 1,007,549 | 1,226,016 | 1,312,036 | 810,770 | 399,479 | 261,975 | 131,957 | 415,534 |
Feb 2024 | Feb 2023 | Feb 2022 | Feb 2021 | Aug 2020 | Feb 2019 | Feb 2018 | Feb 2017 | Feb 2016 | Feb 2015 | Feb 2014 | Feb 2013 | Feb 2012 | Feb 2011 | Feb 2010 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Activities | |||||||||||||||
Operating Profit | 1,326,494 | 4,180,434 | 485,058 | 711,626 | 300,769 | 1,492,647 | |||||||||
Depreciation | 9,979 | 11,372 | 10,118 | 5,483 | 18,629 | 8,387 | 8,566 | 6,612 | 5,736 | 6,062 | 5,367 | 5,162 | 5,305 | 5,078 | 5,306 |
Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Tax | -259,646 | -795,375 | -93,535 | -143,030 | -63,782 | -318,072 | |||||||||
Stock | 427,494 | 593,011 | 12,119 | -215,000 | 356,753 | 183,247 | 0 | 0 | 0 | -37,405 | 37,405 | 0 | 0 | 0 | 0 |
Debtors | -340,793 | -610,108 | 875,024 | 710,397 | -630,687 | 443,338 | -802,436 | -399,921 | 676,698 | 1,048,253 | -10,315 | 153,892 | -333,391 | 272,667 | 804,967 |
Creditors | 839,029 | -679,466 | -946,441 | 1,338,446 | -422,538 | 335,228 | -1,147,827 | -168,751 | 478,434 | 180,715 | 322,771 | 59,421 | -255,271 | 191,577 | 957,334 |
Accruals and Deferred Income | -1,315,355 | 897,078 | 246,190 | -162,956 | -544,066 | 871,433 | -456,531 | 125,556 | -180,403 | 801,891 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 2,201 | 0 | 307 | -225 | 340 | 58 | 0 | -177 | 220 | -258 | 212 | -291 | -406 | 411 | 2,910 |
Cash flow from operations | 393,147 | 3,973,580 | -401,833 | 931,757 | -135,724 | 1,152,137 | |||||||||
Investing Activities | |||||||||||||||
capital expenditure | 1,203,383 | -1,006,156 | -14,450 | -12,543 | 1,302 | -4,820 | |||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | 1,203,383 | -1,006,156 | -14,450 | -12,543 | 1,302 | -4,820 | |||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
share issue | |||||||||||||||
interest | 16,502 | 2,391 | 715 | 2,217 | 6,273 | 4,251 | |||||||||
cash flow from financing | 16,502 | 2,391 | 715 | 2,217 | 6,273 | 4,251 | |||||||||
cash and cash equivalents | |||||||||||||||
cash | 278,109 | -302,740 | 572,027 | 221,850 | -1,093,511 | 1,501,595 | -681,174 | 129,566 | -461,132 | 474,008 | 697,924 | 46,640 | 206,015 | -365,279 | 539,831 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 278,109 | -302,740 | 572,027 | 221,850 | -1,093,511 | 1,501,595 | -681,174 | 129,566 | -461,132 | 474,008 | 697,924 | 46,640 | 206,015 | -365,279 | 539,831 |
ground developments limited Credit Report and Business Information
Ground Developments Limited Competitor Analysis
![competitor_analysis_table_img](/assets/images/competitor_analysis_table.png)
Perform a competitor analysis for ground developments limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in EH47 area or any other competitors across 12 key performance metrics.
ground developments limited Ownership
GROUND DEVELOPMENTS LIMITED group structure
Ground Developments Limited has no subsidiary companies.
Ultimate parent company
GROUND DEVELOPMENTS LIMITED
SC258485
ground developments limited directors
Ground Developments Limited currently has 5 directors. The longest serving directors include Mr Peter Nicholas (Oct 2003) and Mr Andrew Warneford (Jul 2012).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Peter Nicholas | Scotland | 61 years | Oct 2003 | - | Director |
Mr Andrew Warneford | Scotland | 47 years | Jul 2012 | - | Director |
Mr Wayne Barr | Scotland | 48 years | Jul 2012 | - | Director |
Mr Kevin MacKenzie | Scotland | 37 years | Jun 2013 | - | Director |
Mr Julius Newman | United Kingdom | 45 years | Jun 2013 | - | Director |
P&L
February 2024turnover
10.5m
-1%
operating profit
1m
0%
gross margin
20.8%
-5.15%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
February 2024net assets
3.7m
+0.29%
total assets
5m
+0.08%
cash
1.8m
+0.19%
net assets
Total assets minus all liabilities
ground developments limited company details
company number
SC258485
Type
Private limited with Share Capital
industry
43120 - Site preparation
incorporation date
October 2003
age
21
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1, burnhouse industrial estate, bathgate, EH47 0LQ
last accounts submitted
February 2023
ground developments 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 developments limited.
![charges](/assets/images/company_charges.png)
ground developments limited Companies House Filings - See Documents
date | description | view/download |
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