G.t. Engineering (markyate) Limited

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g.t. engineering (markyate) limited Company Information

Company Number

01333906

Next Accounts

317 days late

Directors

Zanete Ferguson

Matthew James

Shareholders

edwin lowe group ltd

brian dean

Group Structure

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Industry

Manufacture of other parts and accessories for motor vehicles

Registered Address

unit 2 spinnaker court, 1c becketts place, kingston upon thames, KT1 4EQ

Website

www.gtengineering.co.uk

g.t. engineering (markyate) limited Estimated Valuation

£767k

Pomanda estimates the enterprise value of G.T. ENGINEERING (MARKYATE) LIMITED at £767k based on a Turnover of £1.4m and 0.54x industry multiple (adjusted for size and gross margin).

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G.t. Engineering (markyate) Limited is a live company located in kingston upon thames, KT1 4EQ with a Companies House number of 01333906. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in October 1977, it's largest shareholder is edwin lowe group ltd with a 66.7% stake. G.t. Engineering (markyate) Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded G.T. Engineering (Markyate) Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

1 Strong

4 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of -8%, show it is growing at a slower rate (-5.6%)

EXPORT

G.T. Engineering (Markyate) Limited's latest turnover from August 2022 is estimated at £1.4 million and the company has net assets of £256 thousand. According to their latest financial statements, G.T. Engineering (Markyate) Limited has 13 employees and maintains cash reserves of £5.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Aug 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	1,413,588	995,048	1,811,527	1,814,631	1,580,675	1,662,218	1,515,261	3,557,192	5,184,107	642,297	410,202	402,547
Other Income Or Grants
Cost Of Sales	1,002,142	766,810	1,387,558	1,348,679	1,186,113	1,269,553	1,164,602	2,767,856	4,004,965	485,357	305,123	301,598
Gross Profit	411,446	228,238	423,969	465,952	394,562	392,665	350,659	789,336	1,179,143	156,940	105,078	100,949
Admin Expenses	375,332	194,955	397,187	559,450	353,191	647,964	242,691	1,105,593	159,929	44,613	66,028	81,876	-604,277
Operating Profit	36,114	33,283	26,782	-93,498	41,371	-255,299	107,968	-316,257	1,019,214	112,327	39,050	19,073	604,277
Interest Payable	9,448	1,525	7,271	18,436	17,881	14,456	7,159
Interest Receivable	138	16	20	245	212	103	372	273	12	1,619	1,382	1,330	642
Pre-Tax Profit	26,804	31,774	19,531	-111,689	23,701	-269,652	101,181	-315,984	1,019,226	113,946	40,432	20,403	604,919
Tax	-5,093	-6,037	-3,711		-4,503		-20,236		-234,422	-27,347	-10,512	-5,713	-169,377
Profit After Tax	21,711	25,737	15,820	-111,689	19,198	-269,652	80,945	-315,984	784,804	86,599	29,920	14,690	435,542
Dividends Paid
Retained Profit	21,711	25,737	15,820	-111,689	19,198	-269,652	80,945	-315,984	784,804	86,599	29,920	14,690	435,542
Employee Costs	558,536	540,580	574,931	452,213	447,828	428,807	414,705	883,279	1,218,360	178,387	101,638	95,714
Number Of Employees	13	14	15	12	12	12	12	26	36	5	3	3
EBITDA*	71,299	76,237	71,507	-49,050	82,594	-220,797	126,462	-292,847	1,050,769	137,226	70,828	38,041	627,500

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Aug 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	147,925	174,628	215,019	205,714	187,074	205,883	119,113	82,523	113,417	241,086	265,683	278,518	297,150
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	147,925	174,628	215,019	205,714	187,074	205,883	119,113	82,523	113,417	241,086	265,683	278,518	297,150
Stock & work in progress	390,258	269,867	353,696	221,135	137,606	208,646	236,351	117,024	81,459	9,140	1,500	1,500	1,500
Trade Debtors	231,739	171,110	329,134	436,163	394,724	313,586	331,140	841,099	1,340,559	143,061	94,757	86,843	67,534
Group Debtors				86,113	246,051	313,336	379,273
Misc Debtors	60,159	14,765	18,451	32,597	46,651	17,227	5,298				1,977
Cash	5,064	10,693	21,855	18,563	46,823	37,876	44,679	104,102	4,947	369,982	277,644	275,144	256,826
misc current assets
total current assets	687,220	466,435	723,136	794,571	871,855	890,671	996,741	1,062,225	1,426,965	522,183	375,878	363,487	325,860
total assets	835,145	641,063	938,155	1,000,285	1,058,929	1,096,554	1,115,854	1,144,748	1,540,382	763,269	641,561	642,005	623,010
Bank overdraft	193,831	2,778
Bank loan
Trade Creditors	150,282	24,424	153,352	196,889	139,979	291,445	201,065	660,425	736,351	111,292	70,565	83,543	83,281
Group/Directors Accounts	49,820	36,288	57,298	123,181	96,877	65,739	63,559					8,092
other short term finances				238,396	307,859	242,327	220,278
hp & lease commitments		22,878	36,686	32,752	22,500	22,500
other current liabilities	155,068	223,363	402,139	136,489	119,718	94,503	58,069
total current liabilities	549,001	309,731	649,475	727,707	686,933	716,514	542,971	660,425	736,351	111,292	70,565	91,635	83,281
loans		47,222
hp & lease commitments		19,677	42,706	44,588	36,459
Accruals and Deferred Income
other liabilities						58,959
provisions	30,144	30,144	37,422	35,258	31,116	35,858	18,208	10,593	14,317
total long term liabilities	30,144	97,043	80,128	79,846	67,575	94,817	18,208	10,593	14,317
total liabilities	579,145	406,774	729,603	807,553	754,508	811,331	561,179	671,018	750,668	111,292	70,565	91,635	83,281
net assets	256,000	234,289	208,552	192,732	304,421	285,223	554,675	473,730	789,714	651,977	570,996	550,370	539,729
total shareholders funds	256,000	234,289	208,552	192,732	304,421	285,223	554,675	473,730	789,714	651,977	570,996	550,370	539,729

	Aug 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	36,114	33,283	26,782	-93,498	41,371	-255,299	107,968	-316,257	1,019,214	112,327	39,050	19,073	604,277
Depreciation	35,185	42,954	44,725	44,448	41,223	34,502	18,494	23,410	31,555	24,899	31,778	18,968	23,223
Amortisation
Tax	-5,093	-6,037	-3,711		-4,503		-20,236		-234,422	-27,347	-10,512	-5,713	-169,377
Stock	120,391	-83,829	132,561	83,529	-71,040	-27,705	119,327	35,565	81,459	7,640			1,500
Debtors	106,023	-161,710	-207,288	-132,553	43,277	-71,562	-125,388	-499,460	1,340,559	46,327	9,891	19,309	67,534
Creditors	125,858	-128,928	-43,537	56,910	-151,466	90,380	-459,360	-75,926	736,351	40,727	-12,978	262	83,281
Accruals and Deferred Income	-68,295	-178,776	265,650	16,771	25,215	36,434	58,069
Deferred Taxes & Provisions		-7,278	2,164	4,142	-4,742	17,650	7,615	-3,724	14,317
Cash flow from operations	-102,645	757	366,800	77,797	-25,139	22,934	-281,389	91,398	144,997	96,639	37,447	13,281	472,370
Investing Activities
capital expenditure	-8,482	-2,563	-54,030	-63,088	-22,414	-121,272	-55,084	7,484	-144,972	-302	-18,943	-336	-320,373
Change in Investments
cash flow from investments	-8,482	-2,563	-54,030	-63,088	-22,414	-121,272	-55,084	7,484	-144,972	-302	-18,943	-336	-320,373
Financing Activities
Bank loans
Group/Directors Accounts	13,532	-21,010	-65,883	26,304	31,138	2,180	63,559				-8,092	8,092
Other Short Term Loans			-238,396	-69,463	65,532	22,049	220,278
Long term loans	-47,222	47,222
Hire Purchase and Lease Commitments	-42,555	-36,837	2,052	18,381	36,459	22,500
other long term liabilities					-58,959	58,959
share issue						200			4,910	-5,618	-9,294	-4,049	104,187
interest	-9,310	-1,509	-7,251	-18,191	-17,669	-14,353	-6,787	273	12	1,619	1,382	1,330	642
cash flow from financing	-85,555	-12,134	-309,478	-42,969	56,501	91,535	277,050	273	4,922	-3,999	-16,004	5,373	104,829
cash and cash equivalents
cash	-5,629	-11,162	3,292	-28,260	8,947	-6,803	-59,423	99,155	4,947	92,338	2,500	18,318	256,826
overdraft	191,053	2,778
change in cash	-196,682	-13,940	3,292	-28,260	8,947	-6,803	-59,423	99,155	4,947	92,338	2,500	18,318	256,826

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G.T. ENGINEERING (MARKYATE) LIMITED group structure

G.T. Engineering (Markyate) Limited has no subsidiary companies.

Ultimate parent company

ELG GROUP LTD

11987285

1 parent

G.T. ENGINEERING (MARKYATE) LIMITED

01333906

G.T. ENGINEERING (MARKYATE) LIMITED Shareholders

edwin lowe group ltd	66.67%
brian dean	33.33%

G.T. Engineering (Markyate) Limited currently has 2 directors. The longest serving directors include Mrs Zanete Ferguson (Apr 2022) and Mr Matthew James (Jun 2023).

officer	country	age	start	end	role
Mrs Zanete Ferguson	England	31 years	Apr 2022	-	Director
Mr Matthew James		54 years	Jun 2023	-	Director

P&L

August 2022

turnover

1.4m

+42%

operating profit

36.1k

gross margin

29.2%

+26.9%

turnover

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

Balance Sheet

August 2022

net assets

256k

+0.09%

total assets

835.1k

+0.3%

cash

5.1k

-0.53%

net assets

Total assets minus all liabilities

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company number

01333906

Type

Private limited with Share Capital

industry

29320 - Manufacture of other parts and accessories for motor vehicles

30300 - Manufacture of air and spacecraft and related machinery

incorporation date

October 1977

ultimate parent company

ELG GROUP LTD

previous names

manulation precision engineering limited (August 1983)

manulation limited (December 1979)

address

unit 2 spinnaker court, 1c becketts place, kingston upon thames, KT1 4EQ

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 5 charges/mortgages relating to g.t. engineering (markyate) limited. Currently there are 2 open charges and 3 have been satisfied in the past.

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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g.t. engineering (markyate) limited Company Information

g.t. engineering (markyate) limited Estimated Valuation

g.t. engineering (markyate) limited Estimated Valuation

g.t. engineering (markyate) limited Estimated Valuation

G.t. Engineering (markyate) Limited Overview

G.t. Engineering (markyate) Limited Health Check

G.T. ENGINEERING (MARKYATE) LIMITED financials

g.t. engineering (markyate) limited Credit Report and Business Information

G.t. Engineering (markyate) Limited Competitor Analysis

g.t. engineering (markyate) limited Ownership

g.t. engineering (markyate) limited directors

g.t. engineering (markyate) limited company details

g.t. engineering (markyate) limited Charges & Mortgages

g.t. engineering (markyate) limited Capital Raised & Share Issues BETA

g.t. engineering (markyate) limited Companies House Filings - See Documents