Greig Avinou Limited

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greig avinou limited Company Information

Live

EstablishedSmallHealthy

Company Number

SC385448

Website

www.greigavinou.co.uk

Registered Address

unit 4 16 timber bush, edinburgh, EH6 6QH

Industry

Window cleaning services

Telephone

08455046290

Next Accounts Due

April 2025

Group Structure

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Directors

Jayne Avinou13 Years

Greig Avinou13 Years

Shareholders

greig patrick avinou 90%

jayne elizabeth avinou 10%

greig avinou limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of GREIG AVINOU LIMITED at £1.3m based on a Turnover of £3m and 0.44x industry multiple (adjusted for size and gross margin).

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Greig Avinou Limited is a live company located in edinburgh, EH6 6QH with a Companies House number of SC385448. It operates in the window cleaning services sector, SIC Code 81221. Founded in September 2010, it's largest shareholder is greig patrick avinou with a 90% stake. Greig Avinou Limited is a established, small sized company, Pomanda has estimated its turnover at £3m with healthy growth in recent years.

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Pomanda's financial health check has awarded Greig Avinou Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £3m, make it larger than the average company (£109.6k)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a slower rate (17.9%)

EXPORT

Greig Avinou Limited's latest turnover from July 2023 is estimated at £3 million and the company has net assets of £120 thousand. According to their latest financial statements, Greig Avinou Limited has 52 employees and maintains cash reserves of £47 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	3,002,887	2,700,891	2,581,958	2,469,333	3,926,572	5,813,578	5,815,642	5,548,592	7,296,111	8,252,534	6,580,128	7,154,501	4,144,423
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,503,050	1,269,012	1,559,531	900,958	1,816,410	2,651,815	2,578,834	1,976,153	3,169,832	2,845,110	1,811,788	2,746,925	1,226,260
Gross Profit	1,499,836	1,431,879	1,022,428	1,568,375	2,110,162	3,161,763	3,236,807	3,572,439	4,126,279	5,407,424	4,768,340	4,407,576	2,918,163
Admin Expenses	1,393,894	1,423,496	964,800	1,681,485	2,249,492	3,278,055	3,161,719	3,480,960	4,081,785	5,299,571	4,594,574	4,367,543	2,890,047
Operating Profit	105,942	8,383	57,628	-113,110	-139,330	-116,292	75,088	91,479	44,494	107,853	173,766	40,033	28,116
Interest Payable	29,050	26,954	27,568	16,581	2,353	360	0	0	0	0	0	0	0
Interest Receivable	2,696	1,797	246	133	1	11	24	41	13	157	170	128	106
Pre-Tax Profit	79,588	-16,774	30,306	-129,559	-141,682	-116,641	75,112	91,520	44,506	108,010	173,936	40,161	28,222
Tax	-19,897	0	-5,758	0	0	0	-14,271	-18,304	-8,901	-22,682	-40,005	-9,639	-7,338
Profit After Tax	59,691	-16,774	24,548	-129,559	-141,682	-116,641	60,841	73,216	35,605	85,328	133,931	30,522	20,884
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	59,691	-16,774	24,548	-129,559	-141,682	-116,641	60,841	73,216	35,605	85,328	133,931	30,522	20,884
Employee Costs	712,341	919,556	1,343,191	1,130,496	1,499,901	1,515,373	1,757,497	2,512,759	4,667,055	4,673,983	1,905,198	3,081,450	1,779,463
Number Of Employees	52	52	52	69	90	106	93	88	161	170	122	212	137
EBITDA*	188,692	82,471	123,686	-13,723	-2,647	43,737	220,444	229,689	174,978	228,274	285,814	145,251	44,092

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	325,700	230,837	196,833	249,885	405,255	440,675	495,623	450,744	447,181	452,462	392,656	391,990	365,769
Intangible Assets	0	0	0	0	600	1,200	1,800	2,400	3,000	3,600	4,200	4,800	5,400
Investments & Other	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
Total Fixed Assets	325,700	230,837	196,833	249,885	405,855	441,875	497,423	453,144	450,181	456,062	396,856	396,790	371,169
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	406,121	513,592	453,687	425,033	843,925	1,191,718	965,201	1,195,429	825,172	694,423	708,245	747,891	648,718
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	114,405	102,680	120,707	149,339	105,003	90,233	25,801	20,504	0	0	0	0	0
Cash	46,997	60,830	226,682	264,748	336	0	4,511	14,853	1,459	3,554	59,169	8,787	42,404
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	567,523	677,102	801,076	839,120	949,264	1,281,951	995,513	1,230,786	826,631	697,977	767,414	756,678	691,122
total assets	893,223	907,939	997,909	1,089,005	1,355,119	1,723,826	1,492,936	1,683,930	1,276,812	1,154,039	1,164,270	1,153,468	1,062,291
Bank overdraft	88,182	88,182	88,182	73,485	58,648	11,070	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	161,715	124,138	115,945	119,706	190,571	179,273	223,192	244,944	530,159	451,601	509,347	617,438	597,553
Group/Directors Accounts	153,089	181,850	2,644	5,149	5,903	3,276	2,758	2,950	0	0	0	0	322,875
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	12,627	0	19,506	28,726	80,970	119,493	128,520	110,234	0	0	0	0	0
other current liabilities	188,111	199,740	355,146	358,817	753,417	972,443	518,351	795,218	305,938	283,887	346,712	367,465	0
total current liabilities	603,724	593,910	581,423	585,883	1,089,509	1,285,555	872,821	1,153,346	836,097	735,488	856,059	984,903	920,428
loans	115,318	236,500	330,682	411,515	0	0	0	0	0	0	0	0	0
hp & lease commitments	13,679	0	0	22,757	40,712	69,608	129,088	102,663	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	93,847	114,603	110,482	107,378	116,933
provisions	40,492	17,210	8,711	16,305	42,794	44,877	50,600	48,335	40,498	33,183	12,292	9,681	3,946
total long term liabilities	169,489	253,710	339,393	450,577	83,506	114,485	179,688	150,998	134,345	147,786	122,774	117,059	120,879
total liabilities	773,213	847,620	920,816	1,036,460	1,173,015	1,400,040	1,052,509	1,304,344	970,442	883,274	978,833	1,101,962	1,041,307
net assets	120,010	60,319	77,093	52,545	182,104	323,786	440,427	379,586	306,370	270,765	185,437	51,506	20,984
total shareholders funds	120,010	60,319	77,093	52,545	182,104	323,786	440,427	379,586	306,370	270,765	185,437	51,506	20,984

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Operating Activities
Operating Profit	105,942	8,383	57,628	-113,110	-139,330	-116,292	75,088	91,479	44,494	107,853	173,766	40,033	28,116
Depreciation	82,750	74,088	66,058	98,787	136,083	159,429	144,756	137,610	129,884	119,821	111,448	104,618	15,376
Amortisation	0	0	0	600	600	600	600	600	600	600	600	600	600
Tax	-19,897	0	-5,758	0	0	0	-14,271	-18,304	-8,901	-22,682	-40,005	-9,639	-7,338
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-95,746	41,878	22	-374,556	-333,023	290,949	-224,931	390,761	130,749	-13,822	-39,646	99,173	648,718
Creditors	37,577	8,193	-3,761	-70,865	11,298	-43,919	-21,752	-285,215	78,558	-57,746	-108,091	19,885	597,553
Accruals and Deferred Income	-11,629	-155,406	-3,671	-394,600	-219,026	454,092	-276,867	489,280	22,051	-62,825	-20,753	367,465	0
Deferred Taxes & Provisions	23,282	8,499	-7,594	-26,489	-2,083	-5,723	2,265	7,837	7,315	20,891	2,611	5,735	3,946
Cash flow from operations	313,771	-98,121	102,880	-131,121	120,565	157,238	134,750	32,526	143,252	119,734	159,222	429,524	-10,465
Investing Activities
capital expenditure	-177,613	-108,092	-13,006	56,583	-100,663	-104,481	-189,635	-141,173	-124,603	-179,627	-112,114	-130,839	-387,145
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-177,613	-108,092	-13,006	56,583	-100,663	-104,481	-189,635	-141,173	-124,603	-179,627	-112,114	-130,839	-387,145
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-28,761	179,206	-2,505	-754	2,627	518	-192	2,950	0	0	0	-322,875	322,875
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-121,182	-94,182	-80,833	411,515	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	26,306	-19,506	-31,977	-70,199	-67,419	-68,507	44,711	212,897	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-93,847	-20,756	4,121	3,104	-9,555	116,933
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-26,354	-25,157	-27,322	-16,448	-2,352	-349	24	41	13	157	170	128	106
cash flow from financing	-149,991	40,361	-142,637	324,114	-67,144	-68,338	44,543	122,041	-20,743	4,278	3,274	-332,302	440,014
cash and cash equivalents
cash	-13,833	-165,852	-38,066	264,412	336	-4,511	-10,342	13,394	-2,095	-55,615	50,382	-33,617	42,404
overdraft	0	0	14,697	14,837	47,578	11,070	0	0	0	0	0	0	0
change in cash	-13,833	-165,852	-52,763	249,575	-47,242	-15,581	-10,342	13,394	-2,095	-55,615	50,382	-33,617	42,404

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GREIG AVINOU LIMITED group structure

Greig Avinou Limited has no subsidiary companies.

Ultimate parent company

GREIG AVINOU LIMITED

SC385448

GREIG AVINOU LIMITED Shareholders

greig patrick avinou	90%
jayne elizabeth avinou	10%

Greig Avinou Limited currently has 2 directors. The longest serving directors include Mrs Jayne Avinou (Sep 2010) and Mr Greig Avinou (Sep 2010).

officer	country	age	start	end	role
Mrs Jayne Avinou	Scotland	63 years	Sep 2010	-	Director
Mr Greig Avinou	Scotland	58 years	Sep 2010	-	Director

P&L

July 2023

turnover

+11%

operating profit

105.9k

gross margin

50%

-5.79%

turnover

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

Balance Sheet

July 2023

net assets

120k

+0.99%

total assets

893.2k

-0.02%

cash

47k

-0.23%

net assets

Total assets minus all liabilities

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company number

SC385448

Type

Private limited with Share Capital

industry

81221 - Window cleaning services

incorporation date

September 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

greig avinou window cleaning limited (March 2013)

incorporated

address

unit 4 16 timber bush, edinburgh, EH6 6QH

last accounts submitted

July 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 3 charges/mortgages relating to greig avinou limited. Currently there are 2 open charges and 1 have been satisfied in the past.

greig avinou limited Company Information

greig avinou limited Estimated Valuation

greig avinou limited Estimated Valuation

greig avinou limited Estimated Valuation

Greig Avinou Limited Overview

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GREIG AVINOU LIMITED financials

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greig avinou limited Ownership

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greig avinou limited company details

greig avinou limited Charges & Mortgages

greig avinou limited Companies House Filings - See Documents