glenrothes developments ltd
glenrothes developments ltd Company Information
Company Number
SC565019
Website
www.acscotland.comRegistered Address
caldergrove house linnet way, strathclyde business park, bellshill, ML4 3RA
Industry
Development of building projects
Telephone
441698824442
Next Accounts Due
August 2024
Group Structure
View All
Shareholders
advance construction (scotland) limited 25%
glenmosston 1 limited 25%
View Allglenrothes developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GLENROTHES DEVELOPMENTS LTD at £9.3m based on a Turnover of £20.4m and 0.46x industry multiple (adjusted for size and gross margin).
glenrothes developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GLENROTHES DEVELOPMENTS LTD at £0 based on an EBITDA of £-8.1m and a 3.41x industry multiple (adjusted for size and gross margin).
glenrothes developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GLENROTHES DEVELOPMENTS LTD at £0 based on Net Assets of £-8.1m and 1.31x industry multiple (adjusted for liquidity).
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Glenrothes Developments Ltd Overview
Glenrothes Developments Ltd is a live company located in bellshill, ML4 3RA with a Companies House number of SC565019. It operates in the development of building projects sector, SIC Code 41100. Founded in May 2017, it's largest shareholder is advance construction (scotland) limited with a 25% stake. Glenrothes Developments Ltd is a young, large sized company, Pomanda has estimated its turnover at £20.4m with rapid growth in recent years.
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Glenrothes Developments Ltd Health Check
Pomanda's financial health check has awarded Glenrothes Developments Ltd a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 4 areas for improvement. Company Health Check FAQs
7 Strong
1 Regular
4 Weak
Size
annual sales of £20.4m, make it larger than the average company (£1.9m)
- Glenrothes Developments Ltd
£1.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 148%, show it is growing at a faster rate (1.2%)
- Glenrothes Developments Ltd
1.2% - Industry AVG
Production
with a gross margin of 9.5%, this company has a higher cost of product (24.8%)
- Glenrothes Developments Ltd
24.8% - Industry AVG
Profitability
an operating margin of -39.8% make it less profitable than the average company (11.5%)
- Glenrothes Developments Ltd
11.5% - Industry AVG
Employees
with 30 employees, this is above the industry average (6)
- Glenrothes Developments Ltd
6 - Industry AVG
Pay Structure
on an average salary of £45.7k, the company has an equivalent pay structure (£45.7k)
- Glenrothes Developments Ltd
£45.7k - Industry AVG
Efficiency
resulting in sales per employee of £681.4k, this is more efficient (£270.2k)
- Glenrothes Developments Ltd
£270.2k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (31 days)
- Glenrothes Developments Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 233 days, this is slower than average (31 days)
- Glenrothes Developments Ltd
31 days - Industry AVG
Stock Days
it holds stock equivalent to 59 days, this is less than average (174 days)
- Glenrothes Developments Ltd
174 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (15 weeks)
1 weeks - Glenrothes Developments Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 320.3%, this is a higher level of debt than the average (74.6%)
320.3% - Glenrothes Developments Ltd
74.6% - Industry AVG
glenrothes developments ltd Credit Report and Business Information
Glenrothes Developments Ltd Competitor Analysis
Perform a competitor analysis for glenrothes developments ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
glenrothes developments ltd Ownership
GLENROTHES DEVELOPMENTS LTD group structure
Glenrothes Developments Ltd has no subsidiary companies.
Ultimate parent company
GLENROTHES DEVELOPMENTS LTD
SC565019
glenrothes developments ltd directors
Glenrothes Developments Ltd currently has 3 directors. The longest serving directors include Mr James Gaffney (May 2017) and Mr Alexander Easdale (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr James Gaffney | United Kingdom | 63 years | May 2017 | - | Director |
| Mr Alexander Easdale | Scotland | 56 years | May 2017 | - | Director |
| Mr James Shields | Scotland | 55 years | Jul 2017 | - | Director |
GLENROTHES DEVELOPMENTS LTD financials
Glenrothes Developments Ltd's latest turnover from November 2022 is estimated at £20.4 million and the company has net assets of -£8.1 million. According to their latest financial statements, we estimate that Glenrothes Developments Ltd has 30 employees and maintains cash reserves of £346.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|
| Turnover | |||||
| Other Income Or Grants | |||||
| Cost Of Sales | |||||
| Gross Profit | |||||
| Admin Expenses | |||||
| Operating Profit | |||||
| Interest Payable | |||||
| Interest Receivable | |||||
| Pre-Tax Profit | |||||
| Tax | |||||
| Profit After Tax | |||||
| Dividends Paid | |||||
| Retained Profit | |||||
| Employee Costs | 0 | ||||
| Number Of Employees | 1 | ||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|
| Tangible Assets | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 3,007,866 | 8,191,989 | 5,891,177 | 5,631,188 | 0 |
| Trade Debtors | 339,887 | 71,400 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 19,548 | 158,179 | 174,428 | 0 |
| Cash | 346,565 | 122,379 | 732,920 | 389,422 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 |
| total current assets | 3,694,318 | 8,405,316 | 6,782,276 | 6,195,038 | 0 |
| total assets | 3,694,318 | 8,405,316 | 6,782,276 | 6,195,038 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,831,869 | 594,178 | 525,638 | 560,778 | 0 |
| Group/Directors Accounts | 0 | 3,645,473 | 3,020,473 | 2,796,095 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 4,165,655 | 3,236,155 | 2,838,155 | 0 |
| total current liabilities | 11,831,869 | 8,405,306 | 6,782,266 | 6,195,028 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 11,831,869 | 8,405,306 | 6,782,266 | 6,195,028 | 0 |
| net assets | -8,137,551 | 10 | 10 | 10 | 0 |
| total shareholders funds | -8,137,551 | 10 | 10 | 10 | 0 |
| Nov 2022 | May 2021 | May 2020 | May 2019 | May 2018 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | |||||
| Depreciation | 0 | 0 | 0 | 0 | |
| Amortisation | 0 | 0 | 0 | 0 | |
| Tax | |||||
| Stock | -5,184,123 | 2,300,812 | 259,989 | 5,631,188 | 0 |
| Debtors | 248,939 | -67,231 | -16,249 | 174,428 | 0 |
| Creditors | 11,237,691 | 68,540 | -35,140 | 560,778 | 0 |
| Accruals and Deferred Income | -4,165,655 | 929,500 | 398,000 | 2,838,155 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||
| Investing Activities | |||||
| capital expenditure | |||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -3,645,473 | 625,000 | 224,378 | 2,796,095 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||
| interest | |||||
| cash flow from financing | |||||
| cash and cash equivalents | |||||
| cash | 224,186 | -610,541 | 343,498 | 389,422 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | 224,186 | -610,541 | 343,498 | 389,422 | 0 |
P&L
November 2022turnover
20.4m
+1188%
operating profit
-8.1m
0%
gross margin
9.6%
+10.65%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2022net assets
-8.1m
-813756.1%
total assets
3.7m
-0.56%
cash
346.6k
+1.83%
net assets
Total assets minus all liabilities
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glenrothes developments ltd company details
company number
SC565019
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
May 2017
age
7
accounts
Unaudited Abridged
ultimate parent company
previous names
advance construction (gd) ltd (April 2024)
glenrothes developments limited (June 2017)
incorporated
UK
address
caldergrove house linnet way, strathclyde business park, bellshill, ML4 3RA
last accounts submitted
November 2022
glenrothes developments ltd 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 found 2 charges/mortgages relating to glenrothes developments ltd. Currently there are 2 open charges and 0 have been satisfied in the past.
glenrothes developments ltd Companies House Filings - See Documents
| date | description | view/download |
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