Gm Steel Walsall Limited

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gm steel walsall limited Company Information

Live

MatureSmallHealthy

Company Number

03781799

Website

www.approveddesign.co.uk

Registered Address

coppice side industrial estate, coppice side industrial estate, walsall, west midlands, WS8 7EX

Industry

Manufacture of other general-purpose machinery n.e.c.

Telephone

01543377033

Next Accounts Due

September 2024

Group Structure

View All

Directors

Martin Muckian9 Years

Shareholders

porthouse holdings ltd 100%

gm steel walsall limited Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of GM STEEL WALSALL LIMITED at £1.8m based on Net Assets of £1m and 1.72x industry multiple (adjusted for liquidity).

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Gm Steel Walsall Limited is a live company located in walsall, WS8 7EX with a Companies House number of 03781799. It operates in the manufacture of other general-purpose machinery n.e.c. sector, SIC Code 28290. Founded in June 1999, it's largest shareholder is porthouse holdings ltd with a 100% stake. Gm Steel Walsall Limited is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gm Steel Walsall Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£12.5m)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GM STEEL WALSALL LIMITED group structure

Gm Steel Walsall Limited has no subsidiary companies.

Ultimate parent company

GM STEEL HOLDINGS LIMITED

IE710712

PORTHOUSE HOLDINGS LIMITED

IE288109

2 parents

GM STEEL WALSALL LIMITED

03781799

GM STEEL WALSALL LIMITED Shareholders

porthouse holdings ltd

100%

Gm Steel Walsall Limited currently has 1 director, Mr Martin Muckian serving since Dec 2014.

officer	country	age	start	end	role
Mr Martin Muckian	Northern Ireland	44 years	Dec 2014	-	Director

EXPORT

Gm Steel Walsall Limited's latest turnover from December 2022 is estimated at £2.9 million and the company has net assets of £1 million. According to their latest financial statements, Gm Steel Walsall Limited has 14 employees and maintains cash reserves of £197.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	2,941,375	3,800,443	3,110,392	2,598,518	2,449,650	2,288,394	855,165	908,330	1,446,437	1,008,690	1,485,200	1,136,589	784,008	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,366,240	3,013,067	2,450,559	1,991,072	1,868,268	1,750,888	556,329	636,846	1,148,165	775,117	1,155,883	885,912	601,660	0
Gross Profit	575,135	787,376	659,833	607,446	339,028	290,328	298,836	271,484	298,272	233,572	329,317	250,677	182,348	0
Admin Expenses	544,081	726,698	536,780	775,162	324,683	283,279	256,462	373,435	-7,427	193,391	490,205	135,160	257,431	-1,264,680
Operating Profit	31,054	60,678	123,053	-167,716	14,345	7,049	42,374	-101,951	305,699	40,181	-160,888	115,517	-75,083	1,264,680
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,584	367	106	704	103	20	21	18,043	1,739	787	946	2,077	2,696	1,413
Pre-Tax Profit	38,638	61,046	123,159	-167,012	14,448	7,069	42,395	-83,908	307,438	40,968	-159,942	117,595	-72,387	1,266,093
Tax	-7,341	-11,599	-23,400	0	-20	-8	-11,959	14,098	-64,562	-9,423	0	-30,575	0	-354,506
Profit After Tax	31,297	49,447	99,759	-167,012	14,428	7,061	30,436	-69,810	242,876	31,545	-159,942	87,020	-72,387	911,587
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	31,297	49,447	99,759	-167,012	14,428	7,061	30,436	-69,810	242,876	31,545	-159,942	87,020	-72,387	911,587
Employee Costs	654,893	540,055	525,798	520,480	512,238	501,537	485,667	161,032	303,044	190,000	267,260	190,421	148,156	0
Number Of Employees	14	12	12	12	12	12	12	4	8	5	7	5	4	0
EBITDA*	49,289	78,844	142,947	-147,259	38,678	29,603	64,905	-78,089	324,519	62,859	-136,167	140,682	-58,439	1,282,450

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	135,231	142,906	149,632	163,046	182,919	195,166	211,871	202,523	182,771	201,591	224,269	242,167	243,372	257,916
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	135,231	142,906	149,632	163,046	182,919	195,166	211,871	202,523	182,771	201,591	224,269	242,167	243,372	257,916
Stock & work in progress	345,096	423,471	99,524	210,388	133,745	74,627	161,108	129,596	80,649	74,500	136,814	133,794	119,063	172,766
Trade Debtors	1,398,448	1,642,725	1,438,878	1,016,309	1,118,144	1,080,201	914,269	705,332	591,125	397,303	573,033	445,534	222,547	152,948
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	197,554	235,825	58,080	154,381	33,408	42,720	136,980	170,825	441,502	254,051	60,611	317,769	513,152	565,129
misc current assets	0	0	0	0	0	0	1,000	0	0	0	0	0	0	0
total current assets	1,941,098	2,302,021	1,596,482	1,381,078	1,285,297	1,197,548	1,213,357	1,005,753	1,113,276	725,854	770,458	897,097	854,762	890,843
total assets	2,076,329	2,444,927	1,746,114	1,544,124	1,468,216	1,392,714	1,425,228	1,208,276	1,296,047	927,445	994,727	1,139,264	1,098,134	1,148,759
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	56	0	0	0	0	0	0
Trade Creditors	1,013,991	1,399,356	743,818	688,316	445,396	384,322	61,105	51,022	253,132	127,314	225,002	209,747	257,288	235,527
Group/Directors Accounts	0	0	0	0	0	0	102,537	42,266	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	260,255	141,827	0	0	0	0	0	0
total current liabilities	1,013,991	1,399,356	743,818	688,316	445,396	384,322	423,897	235,171	253,132	127,314	225,002	209,747	257,288	235,527
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	26,027	40,557	46,729	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	2,210	2,210	2,302	3,441	3,291	1,640	1,639
total long term liabilities	26,027	40,557	46,729	0	0	0	0	2,210	2,210	2,302	3,441	3,291	1,640	1,639
total liabilities	1,040,018	1,439,913	790,547	688,316	445,396	384,322	423,897	237,381	255,342	129,616	228,443	213,038	258,928	237,166
net assets	1,036,311	1,005,014	955,567	855,808	1,022,820	1,008,392	1,001,331	970,895	1,040,705	797,829	766,284	926,226	839,206	911,593
total shareholders funds	1,036,311	1,005,014	955,567	855,808	1,022,820	1,008,392	1,001,331	970,895	1,040,705	797,829	766,284	926,226	839,206	911,593

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Nov 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	31,054	60,678	123,053	-167,716	14,345	7,049	42,374	-101,951	305,699	40,181	-160,888	115,517	-75,083	1,264,680
Depreciation	18,235	18,166	19,894	20,457	24,333	22,554	22,531	23,862	18,820	22,678	24,721	25,165	16,644	17,770
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-7,341	-11,599	-23,400	0	-20	-8	-11,959	14,098	-64,562	-9,423	0	-30,575	0	-354,506
Stock	-78,375	323,947	-110,864	76,643	59,118	-86,481	31,512	48,947	6,149	-62,314	3,020	14,731	-53,703	172,766
Debtors	-244,277	203,847	422,569	-101,835	37,943	165,932	208,937	114,207	193,822	-175,730	127,499	222,987	69,599	152,948
Creditors	-385,365	655,538	55,502	242,920	61,074	323,217	10,083	-202,110	125,818	-97,688	15,255	-47,541	21,761	235,527
Accruals and Deferred Income	0	0	0	0	0	-260,255	118,428	141,827	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-2,210	0	-92	-1,139	150	1,651	1	1,639
Cash flow from operations	-20,765	194,989	-136,656	120,853	2,671	13,106	-61,202	-287,428	185,712	192,653	-251,281	-173,501	-52,573	839,396
Investing Activities
capital expenditure	-10,560	-11,440	-6,480	-584	-12,086	-5,849	-31,879	-43,614	0	0	-6,823	-23,960	-2,100	-275,686
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-10,560	-11,440	-6,480	-584	-12,086	-5,849	-31,879	-43,614	0	0	-6,823	-23,960	-2,100	-275,686
Financing Activities
Bank loans	0	0	0	0	0	0	-56	56	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	-102,537	60,271	42,266	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-14,530	-6,172	46,729	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	6
interest	7,584	367	106	704	103	20	21	18,043	1,739	787	946	2,077	2,696	1,413
cash flow from financing	-6,946	-5,805	46,835	704	103	-102,517	60,236	60,365	1,739	787	946	2,077	2,696	1,419
cash and cash equivalents
cash	-38,271	177,745	-96,301	120,973	-9,312	-94,260	-33,845	-270,677	187,451	193,440	-257,158	-195,383	-51,977	565,129
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-38,271	177,745	-96,301	120,973	-9,312	-94,260	-33,845	-270,677	187,451	193,440	-257,158	-195,383	-51,977	565,129

P&L

December 2022

turnover

2.9m

-23%

operating profit

31.1k

gross margin

19.6%

-5.62%

turnover

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

Balance Sheet

December 2022

net assets

+0.03%

total assets

2.1m

-0.15%

cash

197.6k

-0.16%

net assets

Total assets minus all liabilities

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company number

03781799

Type

Private limited with Share Capital

industry

28290 - Manufacture of other general-purpose machinery n.e.c.

incorporation date

June 1999

age

accounts

Audited Abridged

ultimate parent company

GM STEEL HOLDINGS LIMITED

previous names

approved design limited (January 2021)

incorporated

address

coppice side industrial estate, coppice side industrial estate, walsall, west midlands, WS8 7EX

last accounts submitted

December 2022

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.

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gm steel walsall limited Company Information

gm steel walsall limited Estimated Valuation

gm steel walsall limited Estimated Valuation

gm steel walsall limited Estimated Valuation

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