G.b. Lighting Ltd.

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g.b. lighting ltd. Company Information

Live

MatureSmallDeclining

Company Number

01343559

Website

https://www.heathfield.co.uk

Registered Address

unit 1 priory road, tonbridge, TN9 2AF

Industry

Manufacture of electric lighting equipment

Telephone

01732350450

Next Accounts Due

December 2024

Group Structure

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Directors

Caroline Watson32 Years

Andrew Watson32 Years

Shareholders

a.j.r. watson 58.9%

mrs c.a.l. watson 41.2%

g.b. lighting ltd. Estimated Valuation

£3.5m

Pomanda estimates the enterprise value of G.B. LIGHTING LTD. at £3.5m based on Net Assets of £1.7m and 2.03x industry multiple (adjusted for liquidity).

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G.b. Lighting Ltd. is a live company located in tonbridge, TN9 2AF with a Companies House number of 01343559. It operates in the manufacture of electric lighting equipment sector, SIC Code 27400. Founded in December 1977, it's largest shareholder is a.j.r. watson with a 58.8% stake. G.b. Lighting Ltd. is a mature, small sized company, Pomanda has estimated its turnover at £4.3m with declining growth in recent years.

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Pomanda's financial health check has awarded G.B. Lighting Ltd. a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £4.3m, make it smaller than the average company (£11.2m)

Growth

3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (0.1%)

EXPORT

G.B. Lighting Ltd.'s latest turnover from March 2023 is estimated at £4.3 million and the company has net assets of £1.7 million. According to their latest financial statements, G.B. Lighting Ltd. has 42 employees and maintains cash reserves of £1.5 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	4,276,834	4,030,699	4,224,872	6,127,260	6,237,005	6,902,673	7,428,103	5,848,423	3,700,973	3,491,321	2,977,720	2,107,306	1,203,675	1,129,458
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,780,606	2,673,673	2,905,374	4,120,418	4,194,576	4,746,875	5,067,210	3,822,182	2,418,123	2,289,219	2,002,250	1,411,601	767,096	739,881
Gross Profit	1,496,228	1,357,026	1,319,498	2,006,842	2,042,429	2,155,798	2,360,893	2,026,241	1,282,850	1,202,102	975,471	695,705	436,579	389,577
Admin Expenses	1,447,657	1,341,266	1,277,243	2,066,332	2,220,354	2,196,185	1,847,338	2,121,672	839,899	738,313	513,460	641,468	407,689	-119,669
Operating Profit	48,571	15,760	42,255	-59,490	-177,925	-40,387	513,555	-95,431	442,951	463,789	462,011	54,237	28,890	509,246
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	64,443	12,278	1,560	1,301	10,368	9,258	5,494	11,509	10,703	8,965	5,528	3,491	4,002	1,876
Pre-Tax Profit	113,015	28,038	43,815	-58,189	-167,557	-31,129	519,049	-83,922	453,654	472,755	467,539	57,728	32,892	511,122
Tax	-21,473	-5,327	-8,325	0	0	0	-103,810	0	-95,267	-108,734	-112,209	-15,009	-9,210	-143,114
Profit After Tax	91,542	22,711	35,490	-58,189	-167,557	-31,129	415,239	-83,922	358,387	364,021	355,330	42,719	23,682	368,008
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	91,542	22,711	35,490	-58,189	-167,557	-31,129	415,239	-83,922	358,387	364,021	355,330	42,719	23,682	368,008
Employee Costs	1,845,982	1,775,716	1,924,107	2,816,333	3,238,905	3,280,839	3,209,205	2,736,883	766,536	795,735	651,696	514,728	289,535	307,452
Number Of Employees	42	42	50	71	81	85	80	78	22	24	20	16	9	10
EBITDA*	96,722	34,941	62,095	61,821	-14,334	145,574	584,838	-49,739	471,207	497,472	495,859	83,053	57,114	527,447

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	502,768	73,989	72,058	23,717	138,190	293,104	297,205	88,225	25,451	50,017	60,505	94,353	57,179	28,898
Intangible Assets	90,314	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	100	100	100	100	100	100	100	100	40,550	40,550	40,550	40,550	40,550	40,550
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	593,182	74,089	72,158	23,817	138,290	293,204	297,305	88,325	66,001	90,567	101,055	134,903	97,729	69,448
Stock & work in progress	877,232	811,101	1,118,194	1,246,897	1,033,668	731,965	198,485	168,292	131,684	110,252	103,768	78,116	49,204	48,748
Trade Debtors	103,227	248,651	149,508	196,557	327,109	607,042	906,601	471,365	577,377	604,549	360,786	430,151	112,195	129,817
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	460,746	307,853	339,035	229,690	481,601	194,620	187,683	239,998	0	0	0	0	0	0
Cash	1,490,266	1,542,365	1,731,815	1,388,528	1,213,524	1,551,175	2,151,875	2,243,300	2,360,155	1,921,116	1,664,939	546,287	850,134	750,512
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,931,471	2,909,970	3,338,552	3,061,672	3,055,902	3,084,802	3,444,644	3,122,955	3,069,216	2,635,917	2,129,493	1,054,554	1,011,533	929,077
total assets	3,524,653	2,984,059	3,410,710	3,085,489	3,194,192	3,378,006	3,741,949	3,211,280	3,135,217	2,726,484	2,230,548	1,189,457	1,109,262	998,525
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	0	0	0	0	0	0	0
Trade Creditors	1,336,940	971,572	1,247,700	1,268,134	1,327,748	1,259,803	1,653,873	1,563,893	1,616,270	1,561,924	1,428,009	736,048	707,522	621,467
Group/Directors Accounts	100	100	5,600	100	100	100	100	3,349	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	34,978	5,085	5,085	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	378,303	322,534	485,183	225,666	203,066	260,768	207,512	210,813	0	0	0	0	0	0
total current liabilities	1,750,321	1,299,291	1,743,568	1,493,900	1,530,914	1,520,671	1,861,485	1,778,055	1,616,270	1,561,924	1,428,009	736,048	707,522	621,467
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	34,978	40,063	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	33,000	0	0	0	13,500	40,000	32,000	0	1,800	5,800	7,800	14,000	5,050	4,050
total long term liabilities	33,000	34,978	40,063	0	13,500	40,000	32,000	0	1,800	5,800	7,800	14,000	5,050	4,050
total liabilities	1,783,321	1,334,269	1,783,631	1,493,900	1,544,414	1,560,671	1,893,485	1,778,055	1,618,070	1,567,724	1,435,809	750,048	712,572	625,517
net assets	1,741,332	1,649,790	1,627,079	1,591,589	1,649,778	1,817,335	1,848,464	1,433,225	1,517,147	1,158,760	794,739	439,409	396,690	373,008
total shareholders funds	1,741,332	1,649,790	1,627,079	1,591,589	1,649,778	1,817,335	1,848,464	1,433,225	1,517,147	1,158,760	794,739	439,409	396,690	373,008

	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	48,571	15,760	42,255	-59,490	-177,925	-40,387	513,555	-95,431	442,951	463,789	462,011	54,237	28,890	509,246
Depreciation	20,254	19,181	19,840	121,311	163,591	185,961	71,283	45,692	28,256	33,683	33,848	28,816	28,224	18,201
Amortisation	27,897	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-21,473	-5,327	-8,325	0	0	0	-103,810	0	-95,267	-108,734	-112,209	-15,009	-9,210	-143,114
Stock	66,131	-307,093	-128,703	213,229	301,703	533,480	30,193	36,608	21,432	6,484	25,652	28,912	456	48,748
Debtors	7,469	67,961	62,296	-382,463	7,048	-292,622	382,921	133,986	-27,172	243,763	-69,365	317,956	-17,622	129,817
Creditors	365,368	-276,128	-20,434	-59,614	67,945	-394,070	89,980	-52,377	54,346	133,915	691,961	28,526	86,055	621,467
Accruals and Deferred Income	55,769	-162,649	259,517	22,600	-57,702	53,256	-3,301	210,813	0	0	0	0	0	0
Deferred Taxes & Provisions	33,000	0	0	-13,500	-26,500	8,000	32,000	-1,800	-4,000	-2,000	-6,200	8,950	1,000	4,050
Cash flow from operations	455,786	-170,031	359,260	180,541	-339,342	-428,098	186,593	-63,697	432,026	270,406	1,113,124	-241,348	152,125	831,285
Investing Activities
capital expenditure	-567,244	-21,112	-68,181	-6,838	-8,677	-181,860	-280,263	-108,466	-3,690	-23,195	0	-65,990	-56,505	-47,099
Change in Investments	0	0	0	0	0	0	0	-40,450	0	0	0	0	0	40,550
cash flow from investments	-567,244	-21,112	-68,181	-6,838	-8,677	-181,860	-280,263	-68,016	-3,690	-23,195	0	-65,990	-56,505	-87,649
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-5,500	5,500	0	0	0	-3,249	3,349	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	-5,085	-5,085	45,148	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	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	5,000
interest	64,443	12,278	1,560	1,301	10,368	9,258	5,494	11,509	10,703	8,965	5,528	3,491	4,002	1,876
cash flow from financing	59,358	1,693	52,208	1,301	10,368	9,258	2,245	14,858	10,703	8,965	5,528	3,491	4,002	6,876
cash and cash equivalents
cash	-52,099	-189,450	343,287	175,004	-337,651	-600,700	-91,425	-116,855	439,039	256,177	1,118,652	-303,847	99,622	750,512
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-52,099	-189,450	343,287	175,004	-337,651	-600,700	-91,425	-116,855	439,039	256,177	1,118,652	-303,847	99,622	750,512

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G.B. LIGHTING LTD. group structure

G.B. Lighting Ltd. has 2 subsidiary companies.

Ultimate parent company

G.B. LIGHTING LTD.

01343559

2 subsidiaries

HEATHFIELD AND COMPANY LIGHTING LTD

04447594

LUUM LIMITED

10324035

G.B. LIGHTING LTD. Shareholders

a.j.r. watson	58.85%
mrs c.a.l. watson	41.15%

G.B. Lighting Ltd. currently has 2 directors. The longest serving directors include Ms Caroline Watson (Aug 1991) and Mr Andrew Watson (Aug 1991).

officer	country	age	start	end	role
Ms Caroline Watson		61 years	Aug 1991	-	Director
Mr Andrew Watson		62 years	Aug 1991	-	Director

P&L

March 2023

turnover

4.3m

+6%

operating profit

48.6k

gross margin

35%

+3.91%

turnover

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

Balance Sheet

March 2023

net assets

1.7m

+0.06%

total assets

3.5m

+0.18%

cash

1.5m

-0.03%

net assets

Total assets minus all liabilities

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company number

01343559

Type

Private limited with Share Capital

industry

27400 - Manufacture of electric lighting equipment

incorporation date

December 1977

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

gaylights of bromley limited (November 1989)

incorporated

address

unit 1 priory road, tonbridge, TN9 2AF

last accounts submitted

March 2023

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 4 charges/mortgages relating to g.b. lighting ltd.. Currently there are 1 open charges and 3 have been satisfied in the past.

g.b. lighting ltd. Company Information

g.b. lighting ltd. Estimated Valuation

g.b. lighting ltd. Estimated Valuation

g.b. lighting ltd. Estimated Valuation

G.b. Lighting Ltd. Overview

G.b. Lighting Ltd. Health Check

G.B. LIGHTING LTD. financials

g.b. lighting ltd. Credit Report and Business Information

G.b. Lighting Ltd. Competitor Analysis

g.b. lighting ltd. Ownership

g.b. lighting ltd. directors

g.b. lighting ltd. company details

g.b. lighting ltd. Charges & Mortgages

g.b. lighting ltd. Companies House Filings - See Documents