general dynamics information technology limited
general dynamics information technology limited Company Information
Group Structure
View All
Industry
Data processing, hosting and related activities
+2Registered Address
general dynamics uk ltd, castleham road, st. leonards-on-sea, east sussex, TN38 9NJ
Website
gdit.comgeneral dynamics information technology limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED at £4.7m based on a Turnover of £3.9m and 1.19x industry multiple (adjusted for size and gross margin).
general dynamics information technology limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED at £0 based on an EBITDA of £-420k and a 7.46x industry multiple (adjusted for size and gross margin).
general dynamics information technology limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED at £8.3m based on Net Assets of £3.8m and 2.2x industry multiple (adjusted for liquidity).
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General Dynamics Information Technology Limited Overview
General Dynamics Information Technology Limited is a dissolved company that was located in st. leonards-on-sea, TN38 9NJ with a Companies House number of 01776848. It operated in the other information technology service activities sector, SIC Code 62090. Founded in December 1983, it's largest shareholder was general dynamics corp. with a 100% stake. The last turnover for General Dynamics Information Technology Limited was estimated at £3.9m.
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General Dynamics Information Technology Limited Health Check
Pomanda's financial health check has awarded General Dynamics Information Technology Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £3.9m, make it smaller than the average company (£7.3m)
£3.9m - General Dynamics Information Technology Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (6.2%)
-28% - General Dynamics Information Technology Limited
6.2% - Industry AVG
Production
with a gross margin of 92.6%, this company has a lower cost of product (46.2%)
92.6% - General Dynamics Information Technology Limited
46.2% - Industry AVG
Profitability
an operating margin of -18% make it less profitable than the average company (5.2%)
-18% - General Dynamics Information Technology Limited
5.2% - Industry AVG
Employees
with 86 employees, this is below the industry average (140)
86 - General Dynamics Information Technology Limited
140 - Industry AVG
Pay Structure
on an average salary of £37.9k, the company has an equivalent pay structure (£45.8k)
£37.9k - General Dynamics Information Technology Limited
£45.8k - Industry AVG
Efficiency
resulting in sales per employee of £45.5k, this is less efficient (£111.9k)
£45.5k - General Dynamics Information Technology Limited
£111.9k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (56 days)
56 days - General Dynamics Information Technology Limited
56 days - Industry AVG
Creditor Days
its suppliers are paid after 74 days, this is slower than average (28 days)
74 days - General Dynamics Information Technology Limited
28 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - General Dynamics Information Technology Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 210 weeks, this is more cash available to meet short term requirements (12 weeks)
210 weeks - General Dynamics Information Technology Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.2%, this is a lower level of debt than the average (64.1%)
10.2% - General Dynamics Information Technology Limited
64.1% - Industry AVG
GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED financials
General Dynamics Information Technology Limited's latest turnover from December 2018 is £3.9 million and the company has net assets of £3.8 million. According to their latest financial statements, General Dynamics Information Technology Limited has 86 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,912,000 | 6,436,000 | 9,306,000 | 10,443,000 | 4,183,000 | 13,077,000 | 20,530,000 | 18,753,000 | 20,763,000 | 17,652,000 |
| Other Income Or Grants | ||||||||||
| Cost Of Sales | 289,000 | 3,690,000 | 2,992,000 | 3,423,000 | 657,000 | 640,000 | 4,317,000 | 5,518,000 | 5,747,000 | 4,402,000 |
| Gross Profit | 3,623,000 | 2,746,000 | 6,314,000 | 7,020,000 | 3,526,000 | 12,437,000 | 16,213,000 | 13,235,000 | 15,016,000 | 13,250,000 |
| Admin Expenses | 4,327,000 | 10,282,000 | 11,636,000 | 8,675,000 | 9,411,000 | 12,998,000 | 16,550,000 | 13,727,000 | 13,460,000 | 12,407,000 |
| Operating Profit | -704,000 | -7,536,000 | -5,322,000 | -1,655,000 | -5,885,000 | -561,000 | -337,000 | -492,000 | 1,556,000 | 843,000 |
| Interest Payable | 3,000 | 31,000 | ||||||||
| Interest Receivable | 20,000 | 5,000 | 58,000 | 91,000 | 68,000 | 7,000 | 2,000 | 82,000 | 52,000 | |
| Pre-Tax Profit | -684,000 | -7,488,000 | -5,317,000 | -1,597,000 | -5,794,000 | 189,000 | 10,870,000 | 2,507,000 | 2,107,000 | 895,000 |
| Tax | 185,000 | 668,000 | 1,075,000 | 323,000 | 311,000 | 121,000 | 105,000 | -28,000 | -374,000 | -249,000 |
| Profit After Tax | -499,000 | -6,820,000 | -4,242,000 | -1,274,000 | -5,483,000 | 310,000 | 10,975,000 | 2,479,000 | 1,733,000 | 646,000 |
| Dividends Paid | ||||||||||
| Retained Profit | -499,000 | -6,820,000 | -4,242,000 | -1,274,000 | -5,483,000 | 310,000 | 10,975,000 | 2,479,000 | 1,733,000 | 646,000 |
| Employee Costs | 3,261,000 | 5,320,000 | 5,832,000 | 4,544,000 | 5,418,000 | 7,878,000 | 9,729,000 | 8,941,000 | 8,871,000 | 7,481,000 |
| Number Of Employees | 86 | 139 | 150 | 152 | 146 | 199 | 279 | 276 | 278 | 251 |
| EBITDA* | -420,000 | -7,164,000 | -4,971,000 | -1,357,000 | -5,633,000 | -295,000 | -60,000 | -194,000 | 2,399,000 | 2,391,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 513,000 | 1,045,000 | 614,000 | 475,000 | 336,000 | 610,000 | 748,000 | 929,000 | 1,512,000 | |
| Intangible Assets | ||||||||||
| Investments & Other | 271,000 | 145,000 | 36,000 | 114,000 | ||||||
| Debtors (Due After 1 year) | 16,000 | 27,000 | 262,000 | 297,000 | ||||||
| Total Fixed Assets | 16,000 | 513,000 | 1,072,000 | 876,000 | 772,000 | 607,000 | 755,000 | 784,000 | 1,043,000 | 1,512,000 |
| Stock & work in progress | ||||||||||
| Trade Debtors | 602,000 | 1,342,000 | 1,245,000 | 1,346,000 | 2,058,000 | 1,464,000 | 1,290,000 | 1,677,000 | 3,224,000 | 805,000 |
| Group Debtors | 1,608,000 | 30,000 | 30,000 | 2,226,000 | 991,000 | 69,000 | 1,045,000 | 3,308,000 | ||
| Misc Debtors | 231,000 | 4,331,000 | 4,335,000 | 1,835,000 | 4,713,000 | 2,928,000 | 3,152,000 | 3,261,000 | 2,148,000 | |
| Cash | 1,737,000 | 4,775,000 | 5,869,000 | 10,316,000 | 14,319,000 | 15,992,000 | 20,480,000 | 6,632,000 | 2,249,000 | 1,489,000 |
| misc current assets | ||||||||||
| total current assets | 4,178,000 | 9,596,000 | 11,475,000 | 16,027,000 | 20,438,000 | 23,160,000 | 24,698,000 | 11,530,000 | 9,779,000 | 7,750,000 |
| total assets | 4,194,000 | 10,109,000 | 12,547,000 | 16,903,000 | 21,210,000 | 23,767,000 | 25,453,000 | 12,314,000 | 10,822,000 | 9,262,000 |
| Bank overdraft | ||||||||||
| Bank loan | ||||||||||
| Trade Creditors | 59,000 | 90,000 | 142,000 | 311,000 | 94,000 | 197,000 | 1,391,000 | 59,000 | 277,000 | 747,000 |
| Group/Directors Accounts | 7,000 | 3,697,000 | 865,000 | 783,000 | 5,000 | 26,000 | 347,000 | |||
| other short term finances | 2,155,000 | |||||||||
| hp & lease commitments | ||||||||||
| other current liabilities | 370,000 | 2,791,000 | 2,689,000 | 2,242,000 | 1,733,000 | 2,727,000 | 2,804,000 | 3,306,000 | 2,716,000 | |
| total current liabilities | 429,000 | 7,268,000 | 2,940,000 | 3,000,000 | 6,033,000 | 2,795,000 | 4,901,000 | 2,868,000 | 3,609,000 | 3,810,000 |
| loans | ||||||||||
| hp & lease commitments | ||||||||||
| Accruals and Deferred Income | 135,000 | 184,000 | ||||||||
| other liabilities | ||||||||||
| provisions | ||||||||||
| total long term liabilities | 135,000 | 211,000 | ||||||||
| total liabilities | 429,000 | 7,268,000 | 2,940,000 | 3,000,000 | 6,033,000 | 2,795,000 | 4,901,000 | 2,868,000 | 3,744,000 | 4,021,000 |
| net assets | 3,765,000 | 2,841,000 | 9,607,000 | 13,903,000 | 15,177,000 | 20,972,000 | 20,552,000 | 9,446,000 | 7,078,000 | 5,241,000 |
| total shareholders funds | 3,765,000 | 2,841,000 | 9,607,000 | 13,903,000 | 15,177,000 | 20,972,000 | 20,552,000 | 9,446,000 | 7,078,000 | 5,241,000 |
| Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -704,000 | -7,536,000 | -5,322,000 | -1,655,000 | -5,885,000 | -561,000 | -337,000 | -492,000 | 1,556,000 | 843,000 |
| Depreciation | 284,000 | 372,000 | 351,000 | 298,000 | 252,000 | 266,000 | 277,000 | 298,000 | 843,000 | 1,548,000 |
| Amortisation | ||||||||||
| Tax | 185,000 | 668,000 | 1,075,000 | 323,000 | 311,000 | 121,000 | 105,000 | -28,000 | -374,000 | -249,000 |
| Stock | ||||||||||
| Debtors | 1,115,000 | -4,291,000 | -340,000 | -443,000 | -752,000 | 2,950,000 | -680,000 | -2,632,000 | 1,269,000 | 6,261,000 |
| Creditors | -31,000 | -52,000 | -169,000 | 217,000 | -103,000 | -1,194,000 | 1,332,000 | -218,000 | -470,000 | 747,000 |
| Accruals and Deferred Income | 370,000 | -2,791,000 | 102,000 | 447,000 | 509,000 | -994,000 | -77,000 | -637,000 | 541,000 | 2,900,000 |
| Deferred Taxes & Provisions | ||||||||||
| Cash flow from operations | -1,011,000 | -3,623,000 | 73,000 | -4,164,000 | -5,312,000 | 1,980,000 | 1,555,000 | 827,000 | -472,000 | |
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | -271,000 | 126,000 | 109,000 | -78,000 | 114,000 | |||||
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | ||||||||||
| Group/Directors Accounts | -7,000 | 7,000 | -3,697,000 | 2,832,000 | 82,000 | 778,000 | -21,000 | -321,000 | 347,000 | |
| Other Short Term Loans | -2,155,000 | 2,155,000 | ||||||||
| Long term loans | ||||||||||
| Hire Purchase and Lease Commitments | ||||||||||
| other long term liabilities | ||||||||||
| share issue | ||||||||||
| interest | 20,000 | 5,000 | 58,000 | 91,000 | 68,000 | 7,000 | -1,000 | 51,000 | 52,000 | |
| cash flow from financing | -712,000 | -42,000 | -3,639,000 | 2,611,000 | 260,000 | 916,000 | -133,000 | -166,000 | 4,994,000 | |
| cash and cash equivalents | ||||||||||
| cash | -3,038,000 | -1,094,000 | -4,447,000 | -4,003,000 | -1,673,000 | -4,488,000 | 13,848,000 | 4,383,000 | 760,000 | 1,489,000 |
| overdraft | ||||||||||
| change in cash | -3,038,000 | -1,094,000 | -4,447,000 | -4,003,000 | -1,673,000 | -4,488,000 | 13,848,000 | 4,383,000 | 760,000 | 1,489,000 |
general dynamics information technology limited Credit Report and Business Information
General Dynamics Information Technology Limited Competitor Analysis
Perform a competitor analysis for general dynamics information technology limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other undefined companies, companies in TN38 area or any other competitors across 12 key performance metrics.
general dynamics information technology limited Ownership
GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED group structure
General Dynamics Information Technology Limited has no subsidiary companies.
Ultimate parent company
GENERAL DYNAMICS CORP
#0004596
1 parent
GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED
01776848
general dynamics information technology limited directors
General Dynamics Information Technology Limited currently has 1 director, Mr Mark Davis serving since Jun 2019.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Davis | England | 62 years | Jun 2019 | - | Director |
P&L
December 2018turnover
3.9m
-39%
operating profit
-704k
-91%
gross margin
92.7%
+117.06%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2018net assets
3.8m
+0.33%
total assets
4.2m
-0.59%
cash
1.7m
-0.64%
net assets
Total assets minus all liabilities
general dynamics information technology limited company details
company number
01776848
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
63110 - Data processing, hosting and related activities
82200 - Activities of call centres
incorporation date
December 1983
age
42
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2018
previous names
vangent limited (September 2012)
pearson government solutions limited (February 2007)
See moreaccountant
-
auditor
KPMG LLP
address
general dynamics uk ltd, castleham road, st. leonards-on-sea, east sussex, TN38 9NJ
Bank
-
Legal Advisor
-
general dynamics information technology 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 5 charges/mortgages relating to general dynamics information technology limited. Currently there are 1 open charges and 4 have been satisfied in the past.
general dynamics information technology 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.
Click to start generating capital raising & share issue transactions for GENERAL DYNAMICS INFORMATION TECHNOLOGY LIMITED. This can take several minutes, an email will notify you when this has completed.
general dynamics information technology limited Companies House Filings - See Documents
| date | description | view/download |
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