Ground Developments Limited

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ground developments limited Company Information

Live

MatureMidHigh

Company Number

SC258485

Website

www.grounddevelopments.co.uk

Registered Address

unit 1, burnhouse industrial estate, bathgate, EH47 0LQ

Industry

Site preparation

Telephone

01506884405

Next Accounts Due

November 2025

Group Structure

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Directors

Peter Nicholas20 Years

Andrew Warneford12 Years

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Shareholders

peter o nicholas 66.7%

wayne barr 11.1%

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ground developments limited Estimated Valuation

£7.4m

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 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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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 Rating5out of 5

5 Strong

6 Regular

1 Weak

Size

annual sales of £10.5m, make it in line with the average company (£11.5m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (7.7%)

EXPORT

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	10,521,214	10,607,127	8,705,142	6,819,940	14,174,013	17,142,209	9,722,701	13,569,594	12,016,185	10,273,227	5,852,482	5,905,467	5,079,528	6,604,062	6,259,304
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	8,335,473	8,283,789	6,797,853	5,058,547	11,821,197	11,991,666	8,526,326	11,849,648	10,743,438	7,970,293	4,342,702	4,412,041	3,451,745	4,595,182	3,878,180
Gross Profit	2,185,741	2,323,338	1,907,288	1,761,393	2,352,816	5,150,543	1,196,375	1,719,946	1,272,747	2,302,934	1,509,781	1,493,426	1,627,783	2,008,879	2,381,124
Admin Expenses	1,160,255	2,929,999	-753,406	2,225,999	1,026,322	970,109	711,317	1,008,320	971,978	810,287	1,005,492	1,340,835	1,453,471	2,294,242	1,805,482
Operating Profit	1,025,486	-606,661	2,660,694	-464,606	1,326,494	4,180,434	485,058	711,626	300,769	1,492,647	504,289	152,591	174,312	-285,363	575,642
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	81,234	65,480	7,512	1,105	16,502	2,391	715	2,217	6,273	4,251	3,881	2,019	1,388	1,786	1,350
Pre-Tax Profit	1,106,720	-541,181	2,668,206	-463,501	1,342,996	4,182,825	485,773	713,843	307,042	1,496,898	508,170	154,611	175,700	-283,577	576,992
Tax	-276,680	0	-506,959	0	-259,646	-795,375	-93,535	-143,030	-63,782	-318,072	-116,879	-37,107	-45,682	0	-161,558
Profit After Tax	830,040	-541,181	2,161,247	-463,501	1,083,350	3,387,450	392,238	570,813	243,260	1,178,826	391,291	117,504	130,018	-283,577	415,434
Dividends Paid	0	0	0	0	2,467,000	1,460,900	264,000	789,280	329,280	677,560	0	0	0	0	0
Retained Profit	830,040	-541,181	2,161,247	-463,501	-1,383,650	1,926,550	128,238	-218,467	-86,020	501,266	391,291	117,504	130,018	-283,577	415,434
Employee Costs	2,168,064	2,173,553	1,754,601	1,789,788	3,299,321	2,648,434	2,900,633	3,029,057	2,234,919	1,820,648	1,067,575	945,088	964,730	1,324,455	1,787,255
Number Of Employees	44	48	43	40	44	49	52	52	53	49	32	28	31	46	51
EBITDA*	1,035,465	-595,289	2,670,812	-459,123	1,345,123	4,188,821	493,624	718,238	306,505	1,498,709	509,656	157,753	179,617	-280,285	580,948

* 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	1,025,486	-606,661	2,660,694	-464,606	1,326,494	4,180,434	485,058	711,626	300,769	1,492,647	504,289	152,591	174,312	-285,363	575,642
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	-276,680	0	-506,959	0	-259,646	-795,375	-93,535	-143,030	-63,782	-318,072	-116,879	-37,107	-45,682	0	-161,558
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	197,959	-360,580	576,766	220,745	393,147	3,973,580	-401,833	931,757	-135,724	1,152,137	688,670	25,884	211,649	-360,964	574,667
Investing Activities
capital expenditure	-1,084	-7,640	-12,251	0	1,203,383	-1,006,156	-14,450	-12,543	1,302	-4,820	-14,627	-1,264	-7,022	-6,101	-36,286
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,084	-7,640	-12,251	0	1,203,383	-1,006,156	-14,450	-12,543	1,302	-4,820	-14,627	-1,264	-7,022	-6,101	-36,286
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	0	0	0	0	0	0	0	0	0	0	20,000	20,000	0	0	100
interest	81,234	65,480	7,512	1,105	16,502	2,391	715	2,217	6,273	4,251	3,881	2,019	1,388	1,786	1,350
cash flow from financing	81,234	65,480	7,512	1,105	16,502	2,391	715	2,217	6,273	4,251	23,881	22,019	1,388	1,786	1,450
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

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GROUND DEVELOPMENTS LIMITED group structure

Ground Developments Limited has no subsidiary companies.

Ultimate parent company

GROUND DEVELOPMENTS LIMITED

SC258485

GROUND DEVELOPMENTS LIMITED Shareholders

peter o nicholas	66.67%
wayne barr	11.11%
andrew warneford	11.11%
kevin mackenzie	11.11%

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 2024

turnover

10.5m

-1%

operating profit

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 2024

net assets

3.7m

+0.29%

total assets

+0.08%

cash

1.8m

+0.19%

net assets

Total assets minus all liabilities

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company number

SC258485

Type

Private limited with Share Capital

industry

43120 - Site preparation

incorporation date

October 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 1, burnhouse industrial estate, bathgate, EH47 0LQ

last accounts submitted

February 2023

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.

ground developments limited Company Information

ground developments limited Estimated Valuation

ground developments limited Estimated Valuation

ground developments limited Estimated Valuation

Ground Developments Limited Overview

Ground Developments Limited Health Check

GROUND DEVELOPMENTS LIMITED financials

ground developments limited Credit Report and Business Information

Ground Developments Limited Competitor Analysis

ground developments limited Ownership

ground developments limited directors

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ground developments limited Companies House Filings - See Documents