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Grundon waste management ltd
Registration Number
04245965Incorporation Date
04/07/2001Last Annual Return
Not availableAddress
Thames House, Oxford Road, Wallingford, Oxfordshire. OX10 6LX
Website
www.grundon.comAudit Fees
£58,000Secretary
Mr Simon Arnold
Directors
Active
Mr Simon Arnold
Active
Mr Neil Norman Grundon (56 yrs)
Active
Mr Jonathan Peter Harris (57 yrs)
Active
Mr Bradley James Smith (48 yrs)
Active
Mr Philip John Atkinson (48 yrs)
Active
Mr Norman Stephen Grundon (84 yrs)
Active
Ms Toni Michelle Robinson (57 yrs)
Active
Mr Clayton Sinclair Sullivan-Webb (53 yrs)
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Weeks | 52 | 52 | 52 | 52 | 52 |
| Total Sales (£000) | 127340 | 146365 | 155651 | 168973 | 186328 |
| Directors Fees | 1193 | 1387 | 1431 | 1619 | 1943 |
| Gross Profits | 33358 | 37003 | 39760 | 43890 | 48398 |
| Value Added | 52070 | 56297 | 58313 | 64498 | 116971 |
| Trading Profit | 16174 | 17748 | 16232 | 17524 | 69898 |
| Depreciation | 9346 | 10150 | 11396 | 12873 | |
| Non-Trading Income | 10616 | 24251 | 20418 | 37897 | 0 |
| Total Interest Charges | 442 | 3082 | 3110 | 2956 | 3547 |
| Pre-tax Profit | 17002 | 28767 | 22144 | 39592 | 50903 |
| Retained Profit (Shareholders Funds) | 11212 | 21027 | 12522 | 23454 | 23755 |
| Fixed Assets | 112728 | 132098 | 151962 | 164122 | 196946 |
| Intangibles | 1873 | 1590 | 8768 | 7822 | 9386 |
| Intermediate Assets | 19887 | 30310 | 31795 | 73762 | 88514 |
| Stocks | 2407 | 2718 | 2841 | 2799 | 3086 |
| Debtors | 22237 | 27036 | 27770 | 27637 | 30476 |
| Cash or Equivalent | 41698 | 34831 | 27513 | 39688 | 10946 |
| Total Current Assets | 66342 | 64585 | 58124 | 70124 | 44508 |
| Creditors | 13204 | 12929 | 14286 | 13539 | 17169 |
| Short Term Borrowing | 6323 | 6588 | 10109 | 6538 | 0 |
| Other Current Liabilities | 7339 | 8524 | 8048 | 10551 | 12661 |
| Total Current Liabilities | 26866 | 28041 | 32443 | 30628 | 29830 |
| Net Current Assets | 39476 | 36544 | 25681 | 39496 | 14678 |
| Shareholders Funds | 148620 | 169647 | 182169 | 205623 | 229378 |
| Total Loan Capital | 10963 | 11018 | 8724 | 12791 | 0 |
| Other Capital Employed | 13677 | 18934 | 27314 | 66788 | 80146 |
| Total Capital Employed | 173260 | 199599 | 218207 | 285202 | 309524 |
| Pretax Profit Margin % | 13.35 | 19.65 | 14.23 | 23.43 | 27.32 |
| Sales Growth % | 4 | 15 | 6 | 9 | 10 |
| Pretax Profit Growth % | 20 | 69 | -23 | 79 | 29.00 |
| Debtor Ratio Days | 64 | 67 | 65 | 60 | 59.5353577198724 |
| Creditor Ratio Days | 38 | 32 | 33 | 29 | 33.5404200671113 |
| Stock Turnover | 53 | 54 | 55 | 60 | 60.3690603787067 |
| Sales £000 / Employee | 152 | 170 | 171 | 179 | 196.480232558139 |
| Value Added £000/Empl. | 62 | 65 | 64 | 68 | 123.387130801688 |
| Av. Remun. £000 / Empl. | 43 | 45 | 46 | 50 | 49.6553911205074 |
| Total Empl. Remu. £000 | 35896 | 38549 | 42081 | 46974 | 47073.310782241 |
| Employees | 838 | 860 | 908 | 946 | 948 |
| Pretax Profit/Total Assets % | 8 | 13 | 9 | 13 | 15 |
Company Summary
- The Plimsoll Chart is high and rising indicating an improvement in financial strength, well above the industry average.
- Total Sales have increased by 8.6% in the latest year, well above the industry average of 3.9%.
- The company lies an excellent 1st in terms of Total Sales in this industry.
- The company lies an excellent 1st in terms of Pretax Profits in this industry.
- Gross Profit Margin is 26.0% in the latest year, well above the industry average of 23.4%.
- The company is ranked among the fastest growing in terms of sales growth in the latest year.
- Pretax Profit Margin is 23.4% in the latest year, well above the industry average of 2.7%.
- Pretax Profit Margin has markedly improved from 14.2% to 23.4% in the latest year.
- Non Trading Income of £37.9m makes a large contribution to pretax profits of £39.6m.
- The Trading Stability chart shows a well below average sales return on total assets in the latest year
- The company is the only Best Trading Partner in this industry (see section 1c).
- The company is among the Top 50 companies listed as a Fastest Growing Company (see section 2.1c).
- The company is among the Top 60 companies listed under the Gross Profits category (see section 3.1c).
- The company is among the Top 50 companies listed under the Pretax Profit Return on Total Assets category (see section 3.4c).
Company Summary
The company currently has £169m sales and made £39.6m, by following the proposal plan, sales would rise to £186m and profits would rise to £50.9m.
Key Attractiveness Features
- PRIVATELY OWNED
- ADD £169m TO SALES
- ATTRACTIVE PRICE
Acquisition Attractiveness Rating
- Low number of shareholders
- Company is privately owned
- Low number of directors
- Sales growth above the industry average
- Low financial rating
- High gross earnings
- Big difference between current and future value
- Directors fees represent high proportion of profits
- Average age of directors is high
Company Valuation
| Proposed Year |
|||||
|---|---|---|---|---|---|
| Period Ending | 30-Sep-21 | 30-Sep-22 | 30-Sep-23 | 30-Sep-24 | 29-Sep-25 |
| Total Sales (£000) | 127340 | 146365 | 155651 | 168973 | 186328 |
| Pre-tax Profit (£000) | 17002 | 28767 | 22144 | 39592 | 50903 |
| Total Value (£000) | 199237 | 238677 | 254471 | 307492 | 610373 |
| Asset Value (£000) | 159132 | 193752 | 223136 | 276142 | 328408 |
| Goodwill (£000) | 40105 | 44925 | 31335 | 31350 | 281965 |
| Liabilities (£000) | -9808 | -23162 | -40968 | -70519 | -99030 |
| Equity Value (£000) | 189429 | 215515 | 213503 | 236973 | 511343 |
Total Value Formula: (Pretax Profit + Interest Payments - Non Trading Income + Directors Fees) * 5 plus (Fixed Assets + Intangibles + Intermediate Assets + Stocks + Debtors)
Shareholders / Ownership
NORMAN STEPHEN GRUNDON & OSCAR JOHN WINGHAM & KAY LOUISE WOODBRIDGE - JOINT SHAREHOLDER (34.2%)
MR NEIL NORMAN GRUNDON (34.2%)
THE GIRLS' TRUST (15.8%)
THE WOODBRIDGE CHILDREN TRUST (15.8%)
Immediate Shareholder: See Shareholders
Subsidiaries
BROSLAND LTD
CATCHCO2 LTD
O.C.O TECHNOLOGY GROUP LTD
S. GRUNDON (SERVICES) LTD
S. GRUNDON (WASTE) LTD
THORNEY PARK GOLF LTD
LAKESIDE ENERGY FROM WASTE HOLDINGS LTD
REGOLITE LTD
VANDEN RECYCLING LTD
AGRIVERT RENEWABLES LTD
Acquisition / Valuation Comments
This company has been established 25 years.
1 director is over 70 years of age.
The value of the company has risen in each of the last 2 years.
The total value of the company is currently £307.5m including debts.
The equity value is high, indicating low levels of total liabilities.
The proposed year is based on achieving a 15% return on total assets.
The company's value would increase by 99% if the proposed business plan was followed.
The proposed plan would improve the overall financial strength of the company by 13%.
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