Giltsecurity Limited

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giltsecurity limited Company Information

Live

MatureSmallLow

Company Number

01381960

Website

Registered Address

8 peachley gardens, lower broadheath, worcester, WR2 6QS

Industry

Other business support service activities n.e.c.

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Telephone

Next Accounts Due

January 2025

Group Structure

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Directors

Charles Harvey32 Years

Amanda Harvey17 Years

Shareholders

c.j. harvey 100%

giltsecurity limited Estimated Valuation

£2.5m

Pomanda estimates the enterprise value of GILTSECURITY LIMITED at £2.5m based on Net Assets of £1.1m and 2.35x industry multiple (adjusted for liquidity).

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Giltsecurity Limited is a live company located in worcester, WR2 6QS with a Companies House number of 01381960. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in August 1978, it's largest shareholder is c.j. harvey with a 100% stake. Giltsecurity Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with low growth in recent years.

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Pomanda's financial health check has awarded Giltsecurity 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

2 Regular

7 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£6.9m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (5.1%)

EXPORT

Giltsecurity Limited's latest turnover from April 2023 is estimated at £1.3 million and the company has net assets of £1.1 million. According to their latest financial statements, Giltsecurity Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,250,855	1,336,940	1,273,680	1,162,205	3,374,105	3,422,618	2,827,712	1,434,962	1,212,919	1,492,884	1,413,368	1,206,637	1,122,624	896,136
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	962,078	1,038,160	1,018,945	912,544	2,623,895	2,691,957	2,221,880	1,110,918	948,837	1,175,465	1,099,529	939,623	852,667	684,759
Gross Profit	288,777	298,780	254,735	249,661	750,210	730,661	605,832	324,044	264,082	317,420	313,839	267,014	269,958	211,377
Admin Expenses	297,076	309,231	186,775	295,954	830,990	746,022	650,879	200,620	312,889	121,378	295,969	191,145	301,934	-1,120,066
Operating Profit	-8,299	-10,451	67,960	-46,293	-80,780	-15,361	-45,047	123,424	-48,807	196,042	17,870	75,869	-31,976	1,331,443
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	746	2,081	1,647	1,494	737	330	146	118
Pre-Tax Profit	-8,299	-10,451	67,960	-46,293	-80,780	-15,361	-44,301	125,505	-47,160	197,535	18,608	76,199	-31,830	1,331,561
Tax	0	0	-12,912	0	0	0	0	-25,101	0	-41,482	-4,280	-18,288	0	-372,837
Profit After Tax	-8,299	-10,451	55,048	-46,293	-80,780	-15,361	-44,301	100,404	-47,160	156,053	14,328	57,911	-31,830	958,724
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-8,299	-10,451	55,048	-46,293	-80,780	-15,361	-44,301	100,404	-47,160	156,053	14,328	57,911	-31,830	958,724
Employee Costs	91,336	87,412	81,481	81,404	518,509	498,509	408,468	222,086	187,141	185,599	178,410	177,293	175,441	135,198
Number Of Employees	2	2	2	2	13	13	11	6	5	5	5	5	5	4
EBITDA*	-8,299	-10,451	67,960	-46,293	-80,780	-15,361	-45,047	123,465	-48,759	196,098	17,936	75,947	-31,884	1,331,551

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	2,455,317	2,455,317	2,456,093	2,484,989	2,448,687	2,437,510	2,437,510	2,437,042	2,437,083	2,557,131	2,557,187	2,557,253	2,557,331	2,302,826
Intangible Assets	0	0	0	0	0	0	0	468	468	468	468	468	468	468
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	2,455,317	2,455,317	2,456,093	2,484,989	2,448,687	2,437,510	2,437,510	2,437,510	2,437,551	2,557,599	2,557,655	2,557,721	2,557,799	2,303,294
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	543,014	613,380	542,084	460,332	612,116	638,481	475,688	2,431	2,020	3,903	3,064	4,247	8,854	1,200
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	11,447	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	597,082	235,422	423,423	174,142	120,821	10,981	47,323
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	554,461	613,380	542,084	460,332	612,116	638,481	475,688	599,513	237,442	427,326	177,206	125,068	19,835	48,523
total assets	3,009,778	3,068,697	2,998,177	2,945,321	3,060,803	3,075,991	2,913,198	3,037,023	2,674,993	2,984,925	2,734,861	2,682,789	2,577,634	2,351,817
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	96,504	206,518	125,460	214,562	1,992,815	1,927,223	1,749,069	1,827,593	1,565,967	1,828,739	1,734,665	1,696,911	1,649,655	1,391,990
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	0	0	0	0	0	0	0	0
total current liabilities	96,504	206,518	125,460	214,562	1,992,815	1,927,223	1,749,069	1,827,593	1,565,967	1,828,739	1,734,665	1,696,911	1,649,655	1,391,990
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	40,571	40,571	40,658	40,658	0	0	0	0	0	0	0	0	0	0
other liabilities	1,814,710	1,755,316	1,755,316	1,668,406	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	63	73	85	103
total long term liabilities	1,855,281	1,795,887	1,795,974	1,709,064	0	0	0	0	0	0	63	73	85	103
total liabilities	1,951,785	2,002,405	1,921,434	1,923,626	1,992,815	1,927,223	1,749,069	1,827,593	1,565,967	1,828,739	1,734,728	1,696,984	1,649,740	1,392,093
net assets	1,057,993	1,066,292	1,076,743	1,021,695	1,067,988	1,148,768	1,164,129	1,209,430	1,109,026	1,156,186	1,000,133	985,805	927,894	959,724
total shareholders funds	1,057,993	1,066,292	1,076,743	1,021,695	1,067,988	1,148,768	1,164,129	1,209,430	1,109,026	1,156,186	1,000,133	985,805	927,894	959,724

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-8,299	-10,451	67,960	-46,293	-80,780	-15,361	-45,047	123,424	-48,807	196,042	17,870	75,869	-31,976	1,331,443
Depreciation	0	0	0	0	0	0	0	41	48	56	66	78	92	108
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-12,912	0	0	0	0	-25,101	0	-41,482	-4,280	-18,288	0	-372,837
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-58,919	71,296	81,752	-151,784	-26,365	162,793	473,257	411	-1,883	839	-1,183	-4,607	7,654	1,200
Creditors	-110,014	81,058	-89,102	-1,778,253	65,592	178,154	-78,524	261,626	-262,772	94,074	37,754	47,256	257,665	1,391,990
Accruals and Deferred Income	0	-87	0	40,658	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-63	-10	-12	-18	103
Cash flow from operations	-59,394	-776	-115,806	-1,632,104	11,177	0	-596,828	359,579	-309,648	247,788	52,583	109,510	218,109	2,349,607
Investing Activities
capital expenditure	0	776	28,896	-36,302	-11,177	0	0	0	120,000	0	0	0	-254,597	-2,303,402
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	776	28,896	-36,302	-11,177	0	0	0	120,000	0	0	0	-254,597	-2,303,402
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	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	59,394	0	86,910	1,668,406	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-1,000	0	0	0	0	0	0	1,000
interest	0	0	0	0	0	0	746	2,081	1,647	1,494	737	330	146	118
cash flow from financing	59,394	0	86,910	1,668,406	0	0	-254	2,081	1,647	1,494	737	330	146	1,118
cash and cash equivalents
cash	0	0	0	0	0	0	-597,082	361,660	-188,001	249,281	53,321	109,840	-36,342	47,323
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-597,082	361,660	-188,001	249,281	53,321	109,840	-36,342	47,323

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for giltsecurity limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in WR2 area or any other competitors across 12 key performance metrics.

GILTSECURITY LIMITED group structure

Giltsecurity Limited has no subsidiary companies.

Ultimate parent company

GILTSECURITY LIMITED

01381960

GILTSECURITY LIMITED Shareholders

c.j. harvey

100%

Giltsecurity Limited currently has 2 directors. The longest serving directors include Mr Charles Harvey (Feb 1992) and Ms Amanda Harvey (Aug 2007).

officer	country	age	start	end	role
Mr Charles Harvey		81 years	Feb 1992	-	Director
Ms Amanda Harvey	England	45 years	Aug 2007	-	Director

P&L

April 2023

turnover

1.3m

-6%

operating profit

-8.3k

gross margin

23.1%

+3.3%

turnover

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

Balance Sheet

April 2023

net assets

1.1m

-0.01%

total assets

-0.02%

cash

net assets

Total assets minus all liabilities

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3.5

company number

01381960

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

August 1978

ultimate parent company

None

previous names

N/A

address

8 peachley gardens, lower broadheath, worcester, WR2 6QS

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 3 charges/mortgages relating to giltsecurity limited. Currently there are 3 open charges and 0 have been satisfied in the past.

giltsecurity limited Company Information

giltsecurity limited Estimated Valuation

giltsecurity limited Estimated Valuation

giltsecurity limited Estimated Valuation

Giltsecurity Limited Overview

Giltsecurity Limited Health Check

GILTSECURITY LIMITED financials

giltsecurity limited Credit Report and Business Information

Giltsecurity Limited Competitor Analysis

giltsecurity limited Ownership

giltsecurity limited directors

giltsecurity limited company details

giltsecurity limited Charges & Mortgages

giltsecurity limited Companies House Filings - See Documents