gulmay limited
gulmay limited Company Information
Company Number
01264416
Next Accounts
Dec 2025
Shareholders
gulmay holdings ltd
Group Structure
View All
Industry
Manufacture of telegraph and telephone apparatus and equipment
+1Registered Address
cyan house 1 canada road, byfleet, surrey, KT14 7JL
Website
www.gulmay.comgulmay limited Estimated Valuation
Pomanda estimates the enterprise value of GULMAY LIMITED at £17.6m based on a Turnover of £15.6m and 1.13x industry multiple (adjusted for size and gross margin).
gulmay limited Estimated Valuation
Pomanda estimates the enterprise value of GULMAY LIMITED at £5.7m based on an EBITDA of £846.8k and a 6.74x industry multiple (adjusted for size and gross margin).
gulmay limited Estimated Valuation
Pomanda estimates the enterprise value of GULMAY LIMITED at £11.3m based on Net Assets of £5m and 2.28x industry multiple (adjusted for liquidity).
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Gulmay Limited Overview
Gulmay Limited is a live company located in surrey, KT14 7JL with a Companies House number of 01264416. It operates in the manufacture of telegraph and telephone apparatus and equipment sector, SIC Code 26301. Founded in June 1976, it's largest shareholder is gulmay holdings ltd with a 100% stake. Gulmay Limited is a mature, mid sized company, Pomanda has estimated its turnover at £15.6m with high growth in recent years.
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Gulmay Limited Health Check
Pomanda's financial health check has awarded Gulmay Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £15.6m, make it in line with the average company (£14.5m)
£15.6m - Gulmay Limited
£14.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (7.6%)
20% - Gulmay Limited
7.6% - Industry AVG
Production
with a gross margin of 31.8%, this company has a comparable cost of product (36%)
31.8% - Gulmay Limited
36% - Industry AVG
Profitability
an operating margin of 3.8% make it less profitable than the average company (6.6%)
3.8% - Gulmay Limited
6.6% - Industry AVG
Employees
with 96 employees, this is above the industry average (73)
96 - Gulmay Limited
73 - Industry AVG
Pay Structure
on an average salary of £51.2k, the company has an equivalent pay structure (£52.8k)
£51.2k - Gulmay Limited
£52.8k - Industry AVG
Efficiency
resulting in sales per employee of £162k, this is less efficient (£205k)
£162k - Gulmay Limited
£205k - Industry AVG
Debtor Days
it gets paid by customers after 31 days, this is earlier than average (48 days)
31 days - Gulmay Limited
48 days - Industry AVG
Creditor Days
its suppliers are paid after 28 days, this is quicker than average (34 days)
28 days - Gulmay Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 65 days, this is less than average (88 days)
65 days - Gulmay Limited
88 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (16 weeks)
2 weeks - Gulmay Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 40.2%, this is a similar level of debt than the average (41%)
40.2% - Gulmay Limited
41% - Industry AVG
GULMAY LIMITED financials
Gulmay Limited's latest turnover from March 2024 is £15.6 million and the company has net assets of £5 million. According to their latest financial statements, Gulmay Limited has 96 employees and maintains cash reserves of £133.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 15,554,925 | 12,573,383 | 11,179,783 | 9,078,451 | 11,374,826 | 11,078,287 | 10,698,029 | 9,006,866 | 8,451,129 | 7,965,087 | 8,628,083 | 6,779,782 | 7,414,883 | 7,933,297 | 5,036,499 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 10,603,517 | 8,157,371 | 7,055,582 | 6,278,352 | 7,136,259 | 7,065,243 | 6,927,641 | 5,289,273 | 5,187,858 | 4,524,039 | 5,112,912 | 4,115,113 | 4,467,001 | 4,450,042 | 2,714,245 |
| Gross Profit | 4,951,408 | 4,416,012 | 4,124,201 | 2,800,099 | 4,238,567 | 4,013,044 | 3,770,388 | 3,717,593 | 3,263,271 | 3,441,048 | 3,515,171 | 2,664,669 | 2,947,882 | 3,483,255 | 2,322,254 |
| Admin Expenses | 4,359,210 | 3,937,342 | 3,895,406 | 2,891,786 | 3,042,503 | 3,168,073 | 2,279,735 | 2,390,893 | 1,974,681 | 1,835,233 | 1,768,984 | 1,869,870 | 1,762,765 | 1,633,404 | 1,452,316 |
| Operating Profit | 592,198 | 478,670 | 228,795 | -91,687 | 1,196,064 | 844,971 | 1,490,653 | 1,326,700 | 1,288,590 | 1,605,815 | 1,746,187 | 794,799 | 1,185,117 | 1,849,851 | 869,938 |
| Interest Payable | 7,285 | 736 | 607 | 0 | 0 | 88 | 605 | 882 | 1,133 | 692 | 0 | 0 | 1,412 | 0 | 0 |
| Interest Receivable | 2,017 | 2,439 | 52 | 401 | 1,523 | 2,529 | 1,182 | 1,251 | 2,262 | 2,060 | 2,435 | 1,579 | 1,119 | 616 | 744 |
| Pre-Tax Profit | 586,930 | 480,373 | 228,240 | -107,036 | 1,197,587 | 847,412 | 1,491,230 | 1,327,069 | 1,289,719 | 1,607,183 | 1,748,622 | 796,378 | 1,184,824 | 1,850,467 | 870,682 |
| Tax | 27,733 | 61,648 | 137,543 | 175,000 | -42,545 | 100,568 | -137,996 | -116,553 | -187,732 | -237,726 | -300,567 | -80,600 | -182,168 | -412,051 | -135,933 |
| Profit After Tax | 614,663 | 542,021 | 365,783 | 67,964 | 1,155,042 | 947,980 | 1,353,234 | 1,210,516 | 1,101,987 | 1,369,457 | 1,448,055 | 715,778 | 1,002,656 | 1,438,416 | 734,749 |
| Dividends Paid | 1,000,000 | 1,000,000 | 500,000 | 0 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,500,000 | 1,000,000 | 2,570,311 | 250,000 | 250,000 | 0 | 1,000,000 |
| Retained Profit | -385,337 | -457,979 | -134,217 | 67,964 | 1,155,042 | -52,020 | 353,234 | 210,516 | -398,013 | 369,457 | -1,122,256 | 465,778 | 752,656 | 1,438,416 | -265,251 |
| Employee Costs | 4,911,222 | 4,397,471 | 4,199,412 | 3,262,928 | 3,081,204 | 3,027,797 | 2,763,959 | 2,374,559 | 2,187,188 | 2,061,057 | 2,004,230 | 1,863,976 | 1,831,724 | 1,743,607 | 1,547,642 |
| Number Of Employees | 96 | 93 | 90 | 68 | 67 | 65 | 60 | 54 | 50 | 47 | 46 | 44 | 46 | 44 | 38 |
| EBITDA* | 846,780 | 708,129 | 452,705 | 58,893 | 1,312,875 | 974,031 | 1,579,856 | 1,418,751 | 1,395,510 | 1,704,950 | 1,850,099 | 928,175 | 1,219,006 | 1,869,700 | 890,369 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 948,558 | 1,040,249 | 1,128,740 | 1,146,889 | 892,231 | 497,973 | 507,629 | 265,928 | 316,609 | 343,542 | 377,033 | 429,457 | 302,895 | 169,420 | 94,351 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 30,000 | 30,000 | 30,000 | 30,000 | 45,750 | 45,750 | 45,750 | 45,750 | 45,750 | 45,750 | 30,750 | 750 | 750 | 750 | 750 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,382,501 | 2,050,730 | 2,058,330 | 1,292,822 |
| Total Fixed Assets | 978,558 | 1,070,249 | 1,158,740 | 1,176,889 | 937,981 | 543,723 | 553,379 | 311,678 | 362,359 | 389,292 | 407,783 | 2,812,708 | 2,354,375 | 2,228,500 | 1,387,923 |
| Stock & work in progress | 1,908,082 | 2,183,297 | 1,323,953 | 1,020,984 | 976,400 | 1,008,025 | 805,675 | 874,771 | 916,584 | 619,111 | 657,120 | 694,756 | 813,614 | 832,559 | 483,279 |
| Trade Debtors | 1,352,668 | 804,910 | 740,408 | 529,946 | 957,839 | 788,036 | 979,506 | 736,895 | 728,732 | 791,028 | 1,083,199 | 755,773 | 846,183 | 1,481,191 | 830,017 |
| Group Debtors | 3,388,697 | 3,222,369 | 3,024,362 | 3,155,795 | 2,823,345 | 3,233,459 | 2,769,474 | 3,155,655 | 2,301,724 | 1,499,912 | 1,440,698 | 739,411 | 1,077,468 | 850,086 | 605,596 |
| Misc Debtors | 526,479 | 668,133 | 861,089 | 604,771 | 437,082 | 427,180 | 213,659 | 513,761 | 385,442 | 253,379 | 179,316 | 479,809 | 294,691 | 234,342 | 197,777 |
| Cash | 133,695 | 564,583 | 883,624 | 1,738,399 | 2,115,246 | 1,950,887 | 2,190,950 | 1,687,692 | 1,989,611 | 3,716,351 | 2,510,208 | 1,925,450 | 1,676,419 | 759,772 | 782,729 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,309,621 | 7,443,292 | 6,833,436 | 7,049,895 | 7,309,912 | 7,407,587 | 6,959,264 | 6,968,774 | 6,322,093 | 6,879,781 | 5,870,541 | 4,595,199 | 4,708,375 | 4,157,950 | 2,899,398 |
| total assets | 8,288,179 | 8,513,541 | 7,992,176 | 8,226,784 | 8,247,893 | 7,951,310 | 7,512,643 | 7,280,452 | 6,684,452 | 7,269,073 | 6,278,324 | 7,407,907 | 7,062,750 | 6,386,450 | 4,287,321 |
| Bank overdraft | 237,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 827,704 | 1,080,862 | 802,425 | 577,253 | 501,473 | 589,407 | 487,979 | 689,300 | 401,411 | 533,185 | 424,225 | 439,160 | 462,586 | 540,439 | 305,758 |
| Group/Directors Accounts | 1,051,632 | 743,902 | 186,926 | 643,498 | 968,509 | 941,242 | 556,249 | 397,408 | 548,501 | 446,502 | 71,770 | 49,645 | 50,275 | 96,329 | 56,913 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 7,007 | 3,560 | 8,229 | 4,669 | 0 | 939 | 3,019 | 2,711 | 2,434 | 2,183 | 3,048 | 4,572 | 4,572 | 0 | 0 |
| other current liabilities | 776,434 | 926,106 | 780,077 | 751,839 | 626,987 | 516,385 | 490,305 | 601,872 | 346,072 | 546,091 | 516,966 | 522,641 | 523,827 | 469,643 | 219,217 |
| total current liabilities | 2,900,115 | 2,754,430 | 1,777,657 | 1,977,259 | 2,096,969 | 2,047,973 | 1,537,552 | 1,691,291 | 1,298,418 | 1,527,961 | 1,016,009 | 1,016,018 | 1,041,260 | 1,106,411 | 581,888 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 36,077 | 15,038 | 22,101 | 7,782 | 0 | 0 | 1,436 | 4,655 | 7,366 | 9,800 | 0 | 3,047 | 7,619 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 391,389 | 398,138 | 388,504 | 303,612 | 280,757 | 188,212 | 206,510 | 170,595 | 175,273 | 129,904 | 30,364 | 34,635 | 125,442 | 144,266 | 8,076 |
| total long term liabilities | 427,466 | 413,176 | 410,605 | 311,394 | 280,757 | 188,212 | 207,946 | 175,250 | 182,639 | 139,704 | 30,364 | 37,682 | 133,061 | 144,266 | 8,076 |
| total liabilities | 3,327,581 | 3,167,606 | 2,188,262 | 2,288,653 | 2,377,726 | 2,236,185 | 1,745,498 | 1,866,541 | 1,481,057 | 1,667,665 | 1,046,373 | 1,053,700 | 1,174,321 | 1,250,677 | 589,964 |
| net assets | 4,960,598 | 5,345,935 | 5,803,914 | 5,938,131 | 5,870,167 | 5,715,125 | 5,767,145 | 5,413,911 | 5,203,395 | 5,601,408 | 5,231,951 | 6,354,207 | 5,888,429 | 5,135,773 | 3,697,357 |
| total shareholders funds | 4,960,598 | 5,345,935 | 5,803,914 | 5,938,131 | 5,870,167 | 5,715,125 | 5,767,145 | 5,413,911 | 5,203,395 | 5,601,408 | 5,231,951 | 6,354,207 | 5,888,429 | 5,135,773 | 3,697,357 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 592,198 | 478,670 | 228,795 | -91,687 | 1,196,064 | 844,971 | 1,490,653 | 1,326,700 | 1,288,590 | 1,605,815 | 1,746,187 | 794,799 | 1,185,117 | 1,849,851 | 869,938 |
| Depreciation | 254,582 | 229,459 | 223,910 | 150,580 | 116,811 | 129,060 | 89,203 | 92,051 | 106,920 | 99,135 | 103,912 | 133,376 | 33,889 | 19,849 | 20,431 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 27,733 | 61,648 | 137,543 | 175,000 | -42,545 | 100,568 | -137,996 | -116,553 | -187,732 | -237,726 | -300,567 | -80,600 | -182,168 | -412,051 | -135,933 |
| Stock | -275,215 | 859,344 | 302,969 | 44,584 | -31,625 | 202,350 | -69,096 | -41,813 | 297,473 | -38,009 | -37,636 | -118,858 | -18,945 | 349,280 | 483,279 |
| Debtors | 572,432 | 69,553 | 335,347 | 72,246 | -230,409 | 486,036 | -443,672 | 990,413 | 871,579 | -158,894 | -1,654,281 | 88,422 | -354,877 | 1,697,737 | 2,926,212 |
| Creditors | -253,158 | 278,437 | 225,172 | 75,780 | -87,934 | 101,428 | -201,321 | 287,889 | -131,774 | 108,960 | -14,935 | -23,426 | -77,853 | 234,681 | 305,758 |
| Accruals and Deferred Income | -149,672 | 146,029 | 28,238 | 124,852 | 110,602 | 26,080 | -111,567 | 255,800 | -200,019 | 29,125 | -5,675 | -1,186 | 54,184 | 250,426 | 219,217 |
| Deferred Taxes & Provisions | -6,749 | 9,634 | 84,892 | 22,855 | 92,545 | -18,298 | 35,915 | -4,678 | 45,369 | 99,540 | -4,271 | -90,807 | -18,824 | 136,190 | 8,076 |
| Cash flow from operations | 167,717 | 274,980 | 290,234 | 340,550 | 1,647,577 | 495,423 | 1,677,655 | 892,609 | -247,698 | 1,901,752 | 3,216,568 | 762,592 | 1,368,167 | 31,929 | -2,122,004 |
| Investing Activities | |||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | 0 | -330,904 | -41,370 | -79,987 | -67,695 | -51,488 | -265,442 | -63,939 | -94,918 | -1,958 |
| Change in Investments | 0 | 0 | 0 | -15,750 | 0 | 0 | 0 | 0 | 0 | 15,000 | 30,000 | 0 | 0 | 0 | 750 |
| cash flow from investments | 0 | 0 | 0 | 15,750 | 0 | 0 | -330,904 | -41,370 | -79,987 | -82,695 | -81,488 | -265,442 | -63,939 | -94,918 | -2,708 |
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 307,730 | 556,976 | -456,572 | -325,011 | 27,267 | 384,993 | 158,841 | -151,093 | 101,999 | 374,732 | 22,125 | -630 | -46,054 | 39,416 | 56,913 |
| Other Short Term Loans | 0 | 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 | 0 |
| Hire Purchase and Lease Commitments | 24,486 | -11,732 | 17,879 | 12,451 | -939 | -3,516 | -2,911 | -2,434 | -2,183 | 8,935 | -4,571 | -4,572 | 12,191 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | -5,268 | 1,703 | -555 | 401 | 1,523 | 2,441 | 577 | 369 | 1,129 | 1,368 | 2,435 | 1,579 | -293 | 616 | 744 |
| cash flow from financing | 326,948 | 546,947 | -439,248 | -312,159 | -972,149 | 383,918 | 156,507 | -153,158 | 100,945 | 385,035 | 19,989 | -3,623 | -34,156 | 40,032 | 4,020,265 |
| cash and cash equivalents | |||||||||||||||
| cash | -430,888 | -319,041 | -854,775 | -376,847 | 164,359 | -240,063 | 503,258 | -301,919 | -1,726,740 | 1,206,143 | 584,758 | 249,031 | 916,647 | -22,957 | 782,729 |
| overdraft | 237,338 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -668,226 | -319,041 | -854,775 | -376,847 | 164,359 | -240,063 | 503,258 | -301,919 | -1,726,740 | 1,206,143 | 584,758 | 249,031 | 916,647 | -22,957 | 782,729 |
gulmay limited Credit Report and Business Information
Gulmay Limited Competitor Analysis
Perform a competitor analysis for gulmay limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mid companies, companies in KT14 area or any other competitors across 12 key performance metrics.
gulmay limited Ownership
GULMAY LIMITED group structure
Gulmay Limited has 1 subsidiary company.
Ultimate parent company
1 parent
GULMAY LIMITED
01264416
1 subsidiary
gulmay limited directors
Gulmay Limited currently has 5 directors. The longest serving directors include Mr Ian Wilson (Mar 2007) and Mr Mark Jewell (Jun 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Ian Wilson | England | 61 years | Mar 2007 | - | Director |
| Mr Mark Jewell | 63 years | Jun 2016 | - | Director | |
| Ms Samantha Steven-Cozens | 52 years | Mar 2024 | - | Director | |
| Ms Janice Duncan | 76 years | Mar 2024 | - | Director | |
| Mr Charles Auton | 56 years | Mar 2024 | - | Director |
P&L
March 2024turnover
15.6m
+24%
operating profit
592.2k
+24%
gross margin
31.9%
-9.37%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
5m
-0.07%
total assets
8.3m
-0.03%
cash
133.7k
-0.76%
net assets
Total assets minus all liabilities
gulmay limited company details
company number
01264416
Type
Private limited with Share Capital
industry
26301 - Manufacture of telegraph and telephone apparatus and equipment
32500 - Manufacture of medical and dental instruments and supplies
incorporation date
June 1976
age
49
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
THP LIMITED
address
cyan house 1 canada road, byfleet, surrey, KT14 7JL
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
gulmay limited 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 gulmay limited. Currently there are 1 open charges and 1 have been satisfied in the past.
gulmay limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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gulmay limited Companies House Filings - See Documents
| date | description | view/download |
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