G R Contracts Ltd.

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g r contracts ltd. Company Information

Live

MatureMidRapid

Company Number

SC262465

Website

www.grcontracts.co.uk

Registered Address

units 2 & 3 13 canyon road, netherton industrial estate, wishaw, lanarkshire, ML2 0EG

Industry

Manufacture of metal structures and parts of structures

Telephone

01698374666

Next Accounts Due

March 2025

Group Structure

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Directors

George McColl20 Years

Robert Savage20 Years

Shareholders

gr holdings (scotland) ltd 100%

g r contracts ltd. Estimated Valuation

£11.6m

Pomanda estimates the enterprise value of G R CONTRACTS LTD. at £11.6m based on a Turnover of £17.4m and 0.67x industry multiple (adjusted for size and gross margin).

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G R Contracts Ltd. is a live company located in wishaw, ML2 0EG with a Companies House number of SC262465. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in January 2004, it's largest shareholder is gr holdings (scotland) ltd with a 100% stake. G R Contracts Ltd. is a mature, mid sized company, Pomanda has estimated its turnover at £17.4m with rapid growth in recent years.

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Pomanda's financial health check has awarded G R Contracts Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

3 Regular

2 Weak

Size

annual sales of £17.4m, make it larger than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (7.7%)

EXPORT

G R Contracts Ltd.'s latest turnover from June 2023 is £17.4 million and the company has net assets of £3 million. According to their latest financial statements, G R Contracts Ltd. has 79 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	17,423,185	14,555,859	11,338,732	5,476,694	6,336,026	6,058,143	5,484,970	4,523,224	3,523,236	4,349,166	5,319,808	3,917,919	2,810,388	4,202,490
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	14,322,319	12,351,332	9,501,953	4,119,194	4,681,384	4,458,253	3,958,621	3,264,585	2,564,161	3,207,154	3,927,638	2,877,920	2,054,359	3,034,816
Gross Profit	3,100,866	2,204,527	1,836,779	1,357,499	1,654,642	1,599,890	1,526,349	1,258,639	959,076	1,142,011	1,392,170	1,039,998	756,029	1,167,674
Admin Expenses	1,327,644	1,241,325	1,111,462	647,807	1,639,861	2,037,598	405,419	2,271,799	489,089	553,692	977,913	790,537	668,683	597,553
Operating Profit	1,773,222	963,202	725,317	709,692	14,781	-437,708	1,120,930	-1,013,160	469,987	588,319	414,257	249,461	87,346	570,121
Interest Payable	0	0	0	0	0	3,560	17,978	28,134	12,997	2,119	8,138	15,994	25,872	15,898
Interest Receivable	19,965	701	752	1,293	10,746	8,659	4,001	5,851	4,040	2,114	1,037	152	457	456
Pre-Tax Profit	1,793,187	963,903	726,069	710,985	25,527	-432,609	1,106,953	-1,035,443	461,030	588,314	407,156	233,620	61,931	554,679
Tax	-246,500	-186,220	95,479	-135,087	-4,850	0	-210,321	0	-92,206	-123,546	-93,646	-56,069	-16,102	-155,310
Profit After Tax	1,546,687	777,683	821,548	575,898	20,677	-432,609	896,632	-1,035,443	368,824	464,768	313,510	177,551	45,829	399,369
Dividends Paid	1,000,000	500,000	450,000	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	546,687	277,683	371,548	575,898	20,677	-432,609	896,632	-1,035,443	368,824	464,768	313,510	177,551	45,829	399,369
Employee Costs	3,406,090	2,983,483	2,650,401	2,250,349	1,938,105	1,845,486	1,582,018	1,525,861	917,050	1,152,572	1,340,366	992,112	743,954	1,222,136
Number Of Employees	79	73	67	60	52	52	45	45	27	35	41	31	24	40
EBITDA*	1,903,522	1,093,446	890,221	811,803	133,083	-287,856	1,206,696	-861,228	537,336	605,795	434,883	258,968	95,687	579,959

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	377,039	382,836	495,815	316,867	374,026	472,794	594,529	488,302	574,473	1,739,974	1,749,870	1,748,925	1,712,929	1,719,069
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	377,039	382,836	495,815	316,867	374,026	472,794	594,529	488,302	574,473	1,739,974	1,749,870	1,748,925	1,712,929	1,719,069
Stock & work in progress	3,205,266	1,895,525	1,334,025	1,039,801	1,288,246	1,462,928	591,642	842,970	803,981	385,646	689,177	712,416	586,399	734,787
Trade Debtors	73,565	1,075,029	407,145	362,951	389,419	214,783	784,769	319,755	192,317	623,763	642,400	328,549	227,329	287,327
Group Debtors	216,141	260,686	289,384	37,400	1,167	3,981	2,179	0	1,093,513	0	0	0	0	0
Misc Debtors	402,548	424,881	420,254	60,823	234,807	18,904	23,981	6,236	94,871	0	0	0	0	0
Cash	1,695,343	1,292,206	859,455	1,200,018	1,386,450	1,479,141	1,984,524	1,216,056	1,124,536	491,495	354,163	60,521	381	182,262
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	116,616
total current assets	5,592,863	4,948,327	3,310,263	2,700,993	3,300,089	3,179,737	3,387,095	2,385,017	3,309,218	1,500,904	1,685,740	1,101,486	814,109	1,320,992
total assets	5,969,902	5,331,163	3,806,078	3,017,860	3,674,115	3,652,531	3,981,624	2,873,319	3,883,691	3,240,878	3,435,610	2,850,411	2,527,038	3,040,061
Bank overdraft	0	0	0	0	0	0	0	120,000	120,000	0	0	0	0	0
Bank loan	0	0	0	0	0	0	109,543	0	0	0	0	0	0	0
Trade Creditors	2,326,481	2,531,089	1,398,558	1,082,286	1,951,702	1,807,314	1,630,008	1,115,842	1,115,068	1,398,487	1,616,458	1,194,766	887,690	1,281,198
Group/Directors Accounts	0	0	0	0	0	0	114	1,094	114	0	1	1	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	61,866	79,828	74,240	74,240	74,240	0	0	0	0	0
other current liabilities	566,513	288,954	156,577	94,603	391,474	447,491	318,871	417,444	165,608	0	0	0	0	0
total current liabilities	2,892,994	2,820,043	1,555,135	1,176,889	2,405,042	2,334,633	2,132,776	1,728,620	1,475,030	1,398,487	1,616,459	1,194,767	887,690	1,281,198
loans	0	0	0	0	0	0	0	345,755	279,918	0	65,205	185,205	306,903	489,158
hp & lease commitments	0	0	0	0	0	56,278	136,107	0	284,587	0	0	0	0	0
Accruals and Deferred Income	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	411,741	786,362	817,494	862,960	843,083
provisions	65,984	46,883	64,389	25,965	29,965	43,189	61,701	44,536	54,305	9,623	11,325	10,196	4,287	7,253
total long term liabilities	65,984	46,883	64,389	25,965	29,965	99,467	197,808	390,291	618,810	421,364	862,892	1,012,895	1,174,150	1,339,494
total liabilities	2,958,978	2,866,926	1,619,524	1,202,854	2,435,007	2,434,100	2,330,584	2,118,911	2,093,840	1,819,851	2,479,351	2,207,662	2,061,840	2,620,692
net assets	3,010,924	2,464,237	2,186,554	1,815,006	1,239,108	1,218,431	1,651,040	754,408	1,789,851	1,421,027	956,259	642,749	465,198	419,369
total shareholders funds	3,010,924	2,464,237	2,186,554	1,815,006	1,239,108	1,218,431	1,651,040	754,408	1,789,851	1,421,027	956,259	642,749	465,198	419,369

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	1,773,222	963,202	725,317	709,692	14,781	-437,708	1,120,930	-1,013,160	469,987	588,319	414,257	249,461	87,346	570,121
Depreciation	130,300	130,244	164,904	102,111	118,302	149,852	85,766	151,932	67,349	17,476	20,626	9,507	8,341	9,838
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-246,500	-186,220	95,479	-135,087	-4,850	0	-210,321	0	-92,206	-123,546	-93,646	-56,069	-16,102	-155,310
Stock	1,309,741	561,500	294,224	-248,445	-174,682	871,286	-251,328	38,989	418,335	-303,531	-23,239	126,017	-148,388	734,787
Debtors	-1,068,342	643,813	655,609	-164,219	387,725	-573,261	484,938	-1,054,710	756,938	-18,637	313,851	101,220	-59,998	287,327
Creditors	-204,608	1,132,531	316,272	-869,416	144,388	177,306	514,166	774	-283,419	-217,971	421,692	307,076	-393,508	1,281,198
Accruals and Deferred Income	277,559	132,377	61,974	-296,871	-56,017	128,620	-98,573	251,836	165,608	0	0	0	0	0
Deferred Taxes & Provisions	19,101	-17,506	38,424	-4,000	-13,224	-18,512	17,165	-9,769	44,682	-1,702	1,129	5,909	-2,966	7,253
Cash flow from operations	1,507,675	949,315	452,537	-80,907	-9,663	-298,467	1,195,523	397,334	-803,272	584,744	473,446	288,647	-108,503	690,986
Investing Activities
capital expenditure	0	0	0	-44,952	-19,534	-28,117	-191,993	-65,761	1,098,152	-7,580	-21,571	-45,503	-2,201	-1,728,907
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-44,952	-19,534	-28,117	-191,993	-65,761	1,098,152	-7,580	-21,571	-45,503	-2,201	-1,728,907
Financing Activities
Bank loans	0	0	0	0	0	-109,543	109,543	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-114	-980	980	114	-1	0	1	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	-345,755	65,837	279,918	-65,205	-120,000	-121,698	-182,255	489,158
Hire Purchase and Lease Commitments	0	0	0	-61,866	-74,240	-74,241	136,107	-284,587	358,827	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-411,741	-374,621	-31,132	-45,466	19,877	843,083
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	20,000
interest	19,965	701	752	1,293	10,746	5,099	-13,977	-22,283	-8,957	-5	-7,101	-15,842	-25,415	-15,442
cash flow from financing	19,965	701	752	-60,573	-63,494	-178,799	-115,062	-240,053	218,161	-439,832	-158,233	-183,005	-187,793	1,336,799
cash and cash equivalents
cash	403,137	432,751	-340,563	-186,432	-92,691	-505,383	768,468	91,520	633,041	137,332	293,642	60,140	-181,881	182,262
overdraft	0	0	0	0	0	0	-120,000	0	120,000	0	0	0	0	0
change in cash	403,137	432,751	-340,563	-186,432	-92,691	-505,383	888,468	91,520	513,041	137,332	293,642	60,140	-181,881	182,262

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G R CONTRACTS LTD. group structure

G R Contracts Ltd. has no subsidiary companies.

Ultimate parent company

G R HOLDINGS (SCOTLAND) LTD

SC467034

1 parent

G R CONTRACTS LTD.

SC262465

G R CONTRACTS LTD. Shareholders

gr holdings (scotland) ltd

100%

G R Contracts Ltd. currently has 2 directors. The longest serving directors include Mr George McColl (Apr 2004) and Mr Robert Savage (Apr 2004).

officer	country	age	start	end	role
Mr George McColl	United Kingdom	50 years	Apr 2004	-	Director
Mr Robert Savage	United Kingdom	49 years	Apr 2004	-	Director

P&L

June 2023

turnover

17.4m

+20%

operating profit

1.8m

+84%

gross margin

17.8%

+17.51%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

June 2023

net assets

+0.22%

total assets

+0.12%

cash

1.7m

+0.31%

net assets

Total assets minus all liabilities

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company number

SC262465

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

January 2004

age

accounts

Full Accounts

ultimate parent company

G R HOLDINGS (SCOTLAND) LTD

previous names

exchangelaw (no.352) limited (April 2004)

incorporated

address

units 2 & 3 13 canyon road, netherton industrial estate, wishaw, lanarkshire, ML2 0EG

last accounts submitted

June 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 found 5 charges/mortgages relating to g r contracts ltd.. Currently there are 0 open charges and 5 have been satisfied in the past.

g r contracts ltd. Company Information

g r contracts ltd. Estimated Valuation

g r contracts ltd. Estimated Valuation

g r contracts ltd. Estimated Valuation

G R Contracts Ltd. Overview

G R Contracts Ltd. Health Check

G R CONTRACTS LTD. financials

g r contracts ltd. Credit Report and Business Information

G R Contracts Ltd. Competitor Analysis

g r contracts ltd. Ownership

g r contracts ltd. directors

g r contracts ltd. company details

g r contracts ltd. Charges & Mortgages

g r contracts ltd. Companies House Filings - See Documents