Gray & Adams Holdings Limited

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gray & adams holdings limited Company Information

Live

EstablishedMegaHealthy

Company Number

SC369620

Website

www.gray-adams.com

Registered Address

south road south road, fraserburgh, aberdeenshire, AB43 9HU

Industry

Manufacture of trailers and semi-trailers

Telephone

01346518001

Next Accounts Due

January 2025

Group Structure

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Directors

Peter Gray14 Years

James Gray Junior14 Years

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Shareholders

james gray jnr 42.9%

peter gray 42.9%

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gray & adams holdings limited Estimated Valuation

£104.4m

Pomanda estimates the enterprise value of GRAY & ADAMS HOLDINGS LIMITED at £104.4m based on Net Assets of £53.7m and 1.94x industry multiple (adjusted for liquidity).

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Gray & Adams Holdings Limited is a live company located in aberdeenshire, AB43 9HU with a Companies House number of SC369620. It operates in the manufacture of trailers and semi-trailers sector, SIC Code 29202. Founded in December 2009, it's largest shareholder is james gray jnr with a 42.9% stake. Gray & Adams Holdings Limited is a established, mega sized company, Pomanda has estimated its turnover at £187.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gray & Adams Holdings 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 £187.4m, make it larger than the average company (£21.2m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (5.6%)

EXPORT

Gray & Adams Holdings Limited's latest turnover from April 2023 is £187.4 million and the company has net assets of £53.7 million. According to their latest financial statements, Gray & Adams Holdings Limited has 750 employees and maintains cash reserves of £12.6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	187,408,973	170,559,463	149,261,173	149,738,946	151,290,766	138,685,342	148,306,932	124,911,648	124,729,972	116,768,204	104,938,678	120,007,925	109,758,562	85,963,615
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	160,593,941	146,231,326	127,582,255	129,314,135	127,960,626	118,105,244	123,817,175	103,488,670	105,619,855	99,543,050	90,057,862	103,108,200	95,032,684	73,403,356
Gross Profit	26,815,032	24,328,137	21,678,918	20,424,811	23,330,140	20,580,098	24,489,757	21,422,978	19,110,117	17,225,154	14,880,816	16,899,725	14,725,878	12,560,259
Admin Expenses	17,444,158	15,820,689	13,652,731	13,870,582	15,191,831	14,375,027	14,770,110	13,281,788	12,472,578	12,656,655	11,934,090	12,142,036	10,707,175	11,081,696
Operating Profit	9,370,874	8,507,448	8,026,187	6,554,229	8,138,309	6,205,071	9,719,647	8,141,190	6,637,539	4,568,499	2,946,726	4,757,689	4,018,703	1,478,563
Interest Payable	0	0	3,465	16,446	45,581	22,205	46,609	102,416	40,636	46,447	4,745	11,750	1,455	796,870
Interest Receivable	30,747	2,113	9,241	54,811	70,059	30,574	26,122	42,218	34,839	24,698	22,670	14,941	20,165	788,057
Pre-Tax Profit	9,401,621	8,509,561	8,031,963	6,592,594	8,162,787	6,213,440	9,699,160	8,080,992	6,631,742	4,546,750	2,964,651	4,760,880	4,067,413	1,469,750
Tax	-1,679,509	-1,769,875	-849,500	-1,017,677	-1,128,637	-720,394	-1,334,442	-1,297,448	-1,289,791	-1,032,131	-919,853	-1,190,629	-1,181,802	-514,895
Profit After Tax	7,722,112	6,739,686	7,182,463	5,574,917	7,034,150	5,493,046	8,364,718	6,783,544	5,341,951	3,514,619	2,044,798	3,570,251	2,885,611	954,855
Dividends Paid	1,400,000	1,400,000	1,400,000	1,756,500	233,334	792,091	0	3,350,450	555,496	555,496	555,495	533,806	100,000	100,000
Retained Profit	5,591,988	4,922,661	5,442,327	3,220,492	5,783,157	3,989,139	6,981,480	2,605,035	4,279,640	2,438,558	1,289,092	2,310,707	2,377,213	595,881
Employee Costs	34,025,063	31,039,568	30,730,228	30,568,911	29,592,518	27,613,420	29,134,282	27,020,125	24,959,926	25,056,442	22,530,355	23,883,425	20,050,665	19,596,578
Number Of Employees	750	744	730	728	735	715	731	682	679	666	613	637	610	563
EBITDA*	11,042,076	10,231,696	9,318,255	7,971,769	9,660,695	7,538,152	11,134,135	9,698,478	8,171,070	5,990,727	4,193,994	6,344,173	5,185,123	2,553,850

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	17,754,367	16,579,876	14,590,331	12,141,162	12,642,039	12,668,210	11,965,139	12,635,936	12,062,919	12,172,847	10,946,021	10,107,805	10,707,305	10,210,509
Intangible Assets	0	0	0	0	0	3,256	3,256	3,256	4,248	5,690	7,642	10,174	331,589	18,082
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	17,754,367	16,579,876	14,590,331	12,141,162	12,642,039	12,671,466	11,968,395	12,639,192	12,067,167	12,178,537	10,953,663	10,117,979	11,038,894	10,228,591
Stock & work in progress	42,736,578	33,836,422	23,283,908	24,868,504	26,277,521	20,589,899	15,664,886	16,112,972	13,867,459	15,914,289	13,985,142	12,736,647	17,398,174	13,599,394
Trade Debtors	22,704,580	21,414,490	19,380,446	11,306,270	20,853,923	20,336,760	22,673,019	20,524,327	16,368,555	12,596,799	12,420,368	13,311,214	7,531,787	8,051,979
Group Debtors	0	0	0	0	0	0	0	0	100	100	0	0	0	0
Misc Debtors	5,579,010	5,199,436	4,437,990	5,874,224	1,131,094	729,641	701,059	986,784	802,405	488,554	437,877	723,109	521,223	882,879
Cash	12,613,925	14,332,294	19,237,267	11,949,701	13,509,767	14,117,537	11,463,536	9,667,438	2,885,223	6,653,715	2,841,196	6,062,762	7,248,309	3,645,675
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	83,634,093	74,782,642	66,339,611	53,998,699	61,772,305	55,773,837	50,502,500	47,291,521	33,923,742	35,653,457	29,684,583	32,833,732	32,699,493	26,179,927
total assets	101,388,460	91,362,518	80,929,942	66,139,861	74,414,344	68,445,303	62,470,895	59,930,713	45,990,909	47,831,994	40,638,246	42,951,711	43,738,387	36,408,518
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	15,000	15,000	15,000
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	32,257,085	27,709,051	22,226,639	14,434,123	23,702,813	22,830,526	19,874,976	22,993,665	13,295,708	17,820,150	14,906,869	14,716,005	17,711,051	12,606,104
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	3,470	4,164	4,164	0	0	2,400,000	2,400,000	0
hp & lease commitments	0	0	0	0	0	0	0	246,134	104,167	108,023	0	0	0	4,343
other current liabilities	11,180,226	11,089,783	11,237,393	8,808,797	9,013,708	8,157,210	9,161,458	10,727,271	7,610,070	8,289,962	6,678,265	7,607,320	5,227,754	5,580,810
total current liabilities	43,437,311	38,798,834	33,464,032	23,242,920	32,716,521	30,987,736	29,039,904	33,971,234	21,014,109	26,218,135	21,585,134	24,738,325	25,353,805	18,206,257
loans	0	0	0	0	0	0	0	3,470	7,634	0	75,000	150,000	2,425,000	4,400,000
hp & lease commitments	0	0	0	0	0	0	0	0	242,221	334,708	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	0	0	0	184,800	184,800
provisions	909,072	593,720	230,632	144,126	83,058	71,619	56,847	83,653	27,633	0	0	0	2,290	41,511
total long term liabilities	909,072	593,720	230,632	144,126	83,058	71,619	56,847	87,123	277,488	334,708	240,680	150,000	2,612,090	4,906,391
total liabilities	44,346,383	39,392,554	33,694,664	23,387,046	32,799,579	31,059,355	29,096,751	34,058,357	21,291,597	26,552,843	21,825,814	24,888,325	27,965,895	23,112,648
net assets	53,696,121	48,749,132	43,826,471	39,134,144	36,431,426	31,674,121	28,209,133	22,003,917	19,897,862	16,502,166	14,490,012	13,787,177	12,075,825	9,922,651
total shareholders funds	53,696,121	48,749,132	43,826,471	39,134,144	36,431,426	31,674,121	28,209,133	22,003,917	19,897,862	16,502,166	14,490,012	13,787,177	12,075,825	9,922,651

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	9,370,874	8,507,448	8,026,187	6,554,229	8,138,309	6,205,071	9,719,647	8,141,190	6,637,539	4,568,499	2,946,726	4,757,689	4,018,703	1,478,563
Depreciation	1,671,202	1,724,248	1,292,068	1,417,540	1,519,130	1,333,081	1,414,488	1,556,296	1,532,089	1,420,276	1,244,736	1,273,765	1,148,068	1,069,260
Amortisation	0	0	0	0	3,256	0	0	992	1,442	1,952	2,532	312,719	18,352	6,027
Tax	-1,679,509	-1,769,875	-849,500	-1,017,677	-1,128,637	-720,394	-1,334,442	-1,297,448	-1,289,791	-1,032,131	-919,853	-1,190,629	-1,181,802	-514,895
Stock	8,900,156	10,552,514	-1,584,596	-1,409,017	5,687,622	4,925,013	-448,086	2,245,513	-2,046,830	1,929,147	1,248,495	-4,661,527	3,798,780	13,599,394
Debtors	1,669,664	2,795,490	6,637,942	-4,804,523	918,616	-2,307,677	1,862,967	4,340,051	4,085,607	227,208	-1,176,078	5,981,313	-881,848	8,934,858
Creditors	4,548,034	5,482,412	7,792,516	-9,268,690	872,287	2,955,550	-3,118,689	9,697,957	-4,524,442	2,913,281	190,864	-2,995,046	5,104,947	12,606,104
Accruals and Deferred Income	90,443	-147,610	2,428,596	-204,911	856,498	-1,004,248	-1,565,813	3,117,201	-679,892	1,611,697	-929,055	2,379,566	-353,056	5,580,810
Deferred Taxes & Provisions	315,352	363,088	86,506	61,068	11,439	14,772	-26,806	56,020	27,633	0	0	-2,290	-39,221	41,511
Cash flow from operations	3,746,576	811,707	13,723,027	3,755,099	3,666,044	6,166,496	3,673,504	14,686,644	-334,199	7,327,219	2,463,533	3,215,988	5,799,059	-2,266,872
Investing Activities
capital expenditure	0	0	-3,673,983	-2,731,308	-2,663,174	-2,474,988	-795,719	-2,261,402	-1,411,060	-2,107,708	-2,074,143	-594,497	-1,503,360	-1,480,351
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-3,673,983	-2,731,308	-2,663,174	-2,474,988	-795,719	-2,261,402	-1,411,060	-2,107,708	-2,074,143	-594,497	-1,503,360	-1,480,351
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	-3,470	-694	0	4,164	0	-2,400,000	0	2,400,000	0
Long term loans	0	0	0	0	0	0	-3,470	-4,164	7,634	-75,000	-75,000	-2,275,000	-1,975,000	4,400,000
Hire Purchase and Lease Commitments	0	0	0	0	0	0	-246,134	-100,254	-96,343	442,731	0	0	-4,343	4,343
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-184,800	0	184,800
share issue	-644,999	0	-750,000	-517,774	-1,025,852	-524,151	-776,264	-498,980	-883,944	-426,404	-586,257	-599,355	-224,039	9,326,770
interest	30,747	2,113	5,776	38,365	24,478	8,369	-20,487	-60,198	-5,797	-21,749	17,925	3,191	18,710	-8,813
cash flow from financing	-614,252	2,113	-744,224	-479,409	-1,001,374	-519,252	-1,047,049	-663,596	-974,286	-80,422	-3,043,332	-3,055,964	215,328	13,907,100
cash and cash equivalents
cash	-1,718,369	-4,904,973	7,287,566	-1,560,066	-607,770	2,654,001	1,796,098	6,782,215	-3,768,492	3,812,519	-3,221,566	-1,185,547	3,602,634	3,645,675
overdraft	0	0	0	0	0	0	0	0	0	0	-15,000	0	0	15,000
change in cash	-1,718,369	-4,904,973	7,287,566	-1,560,066	-607,770	2,654,001	1,796,098	6,782,215	-3,768,492	3,812,519	-3,206,566	-1,185,547	3,602,634	3,630,675

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GRAY & ADAMS HOLDINGS LIMITED group structure

Gray & Adams Holdings Limited has 3 subsidiary companies.

Ultimate parent company

GRAY & ADAMS HOLDINGS LIMITED

SC369620

3 subsidiaries

GRAY & ADAMS (BEDFORD) LIMITED

SC380674

GRAY & ADAMS GROUP LIMITED

SC230241

GRAY & ADAMS (DONCASTER) LIMITED

SC128013

GRAY & ADAMS HOLDINGS LIMITED Shareholders

james gray jnr	42.86%
peter gray	42.86%
marie philpot	14.29%

Gray & Adams Holdings Limited currently has 4 directors. The longest serving directors include Mr Peter Gray (Dec 2009) and Mr James Gray Junior (Dec 2009).

officer	country	age	start	end	role
Mr Peter Gray	United Kingdom	66 years	Dec 2009	-	Director
Mr James Gray Junior		68 years	Dec 2009	-	Director
Ms Marie Philpot		54 years	Dec 2009	-	Director
Mr Andrew Sutherland	Scotland	38 years	Oct 2022	-	Director

P&L

April 2023

turnover

187.4m

+10%

operating profit

9.4m

+10%

gross margin

14.4%

+0.31%

turnover

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

Balance Sheet

April 2023

net assets

53.7m

+0.1%

total assets

101.4m

+0.11%

cash

12.6m

-0.12%

net assets

Total assets minus all liabilities

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company number

SC369620

Type

Private limited with Share Capital

industry

29202 - Manufacture of trailers and semi-trailers

incorporation date

December 2009

age

accounts

Group

ultimate parent company

None

previous names

sf 031209 limited (May 2010)

incorporated

address

south road south road, fraserburgh, aberdeenshire, AB43 9HU

last accounts submitted

April 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 gray & adams holdings limited.

gray & adams holdings limited Company Information

gray & adams holdings limited Estimated Valuation

gray & adams holdings limited Estimated Valuation

gray & adams holdings limited Estimated Valuation

Gray & Adams Holdings Limited Overview

Gray & Adams Holdings Limited Health Check

GRAY & ADAMS HOLDINGS LIMITED financials

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gray & adams holdings limited Ownership

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