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Company No. 04941077 · Incorporated 22 Oct 2003

Ashgrove Groundworks Ltd

Registered name: ASHGROVE GROUNDWORKS LTD

Part of Edenstone Holdings Limited group

Ashgrove Groundworks Ltd made £19.9m revenue and £672k profit in the year to 30 Apr 2023. read from filing text

Ashgrove Groundworks Ltd’s revenue grew 8% to £19.9m in the year to 30 Apr 2023, with £672k profit and 79 employees. The company is classified under “development of building projects” and is based in Caldicot; we hold 2 years of its filed accounts.

Full P&L filedSection F · ConstructionSIC 41100Development of building projects
Status
Active
Location
Caldicot, Wales
Age
22 yrs · since 2003
Type
Private Limited Company

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently.

Latest accounts · year to 30 Apr 2023

Key figures

Capital-lightOperating leverage
Revenue
£19.9m
Growth ▲8.1%
Profit
£672k
Growth ▲55.6%
Profit margin
3.4%
Gross 8.3%
Employees
79
Change ▲29.5%
Profit / employee
£8.5k
Revenue/employee £251k
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to30 Apr 202230 Apr 2023
DisclosureFull P&Lread from filing textFull P&Lread from filing text
Profit & loss
Revenue (turnover)£18.4m£19.9m
Cost of sales£17.3m£18.2m
Gross profit£1.1m£1.7m
Operating profit£572k£867k
Profit before tax£556k£839k
Profit after tax£432k£672k
Profit (best available)£432k£672k
Staff costs£2.6m£3.6m
Employees (average)6179
Ratios
Profit margin2.4%3.4%
Gross margin6.2%8.3%
Revenue per employee£301k£251k
Profit per employee£7.1k£8.5k
Growth (year on year)
Revenue growth—▲8.1%
Profit growth—▲55.6%
Headcount growth—▲29.5%
Balance sheet — indirect signals, not revenue
Cash at bank£333k£175k
Net assets£915k£1.6m
Fixed assets£548k£556k
Current assets£3.7m£4.2m
Debtors£60k£0
Deferred income£55k£117k
SourceAccounts · bulk data Jan 2024Accounts · bulk data Jan 2024
Derived from the latest filing

How the business works

Profit margin
3.4%
Profit ÷ revenue.
Gross margin
8.3%
Gross profit ÷ revenue. High for software and services.
Revenue per employee
£251k
Revenue ÷ average employees.
Profit per employee
£8.5k
Profit ÷ average employees.
Cash conversion
—
Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue
2.8%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.6%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
0%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets
▲73%
Now £1.6m
Cash at bank
▼47%
Now £175k
Headcount
▲30%
Now 79
Deferred income
▲113%
Now £117k
Fixed assets
▲1%
Now £556k

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Edenstone Holdings Limitedultimate parent75–100%
  2. Ashgrove Groundworks Ltdthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (7)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from accounts for the year to 30 Apr 2023 (profit £672k), from the Companies House accounts bulk data published Jan 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.