Gatwick Scaffolding Limited

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gatwick scaffolding limited Company Information

Live

MatureSmallDeclining

Company Number

02451414

Website

www.norman-group.com

Registered Address

betchworth house, 57-65 station road, redhill, surrey, RH1 1DL

Industry

Scaffold erection

Telephone

08433570639

Next Accounts Due

December 2024

Group Structure

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Directors

Norman Norman32 Years

Anthony Norman13 Years

View All

Shareholders

norman family holdings limited 100%

gatwick scaffolding limited Estimated Valuation

£1.2m

Pomanda estimates the enterprise value of GATWICK SCAFFOLDING LIMITED at £1.2m based on Net Assets of £458k and 2.6x industry multiple (adjusted for liquidity).

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Gatwick Scaffolding Limited is a live company located in redhill, RH1 1DL with a Companies House number of 02451414. It operates in the scaffold erection sector, SIC Code 43991. Founded in December 1989, it's largest shareholder is norman family holdings limited with a 100% stake. Gatwick Scaffolding Limited is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Gatwick Scaffolding Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £3m, make it larger than the average company (£815.6k)

Growth

3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (3.4%)

EXPORT

Gatwick Scaffolding Limited's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £458 thousand. According to their latest financial statements, Gatwick Scaffolding Limited has 33 employees and maintains cash reserves of £130.3 thousand 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	3,043,549	4,097,042	3,451,528	4,167,495	3,513,109	2,758,251	3,798,878	2,864,812	2,505,719	2,272,452	1,801,071	1,998,315	1,420,845	1,671,338
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,936,035	2,601,006	2,203,762	2,557,125	2,100,344	1,675,256	2,256,505	1,710,739	1,503,738	1,305,160	1,018,832	1,105,073	786,624	904,880
Gross Profit	1,107,514	1,496,036	1,247,766	1,610,371	1,412,765	1,082,995	1,542,373	1,154,073	1,001,981	967,292	782,239	893,242	634,221	766,458
Admin Expenses	1,290,705	1,413,664	1,478,750	1,456,781	989,770	1,339,590	896,208	921,737	885,576	663,950	711,857	764,393	623,727	618,483
Operating Profit	-183,191	82,372	-230,984	153,590	422,995	-256,595	646,165	232,336	116,405	303,342	70,382	128,849	10,494	147,975
Interest Payable	3,844	3,122	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,654	686	205	478	5,499	3,732	0	0	0	0	0	0	4	1,212
Pre-Tax Profit	-182,381	79,936	-232,304	154,068	428,494	-252,863	646,165	232,336	116,405	303,342	70,382	128,849	10,498	149,187
Tax	0	-15,188	0	-29,273	-81,414	0	-121,733	-46,467	-23,281	-68,294	-14,076	-25,770	-2,493	-31,329
Profit After Tax	-182,381	64,748	-232,304	124,795	347,080	-252,863	524,432	185,869	93,124	235,048	56,306	103,079	8,005	117,858
Dividends Paid	0	0	0	0	0	0	310,000	245,000	54,000	118,000	40,000	5,000	0	100,000
Retained Profit	-182,381	64,748	-232,304	124,795	347,080	-252,863	214,432	-59,131	39,124	117,048	16,306	98,079	8,005	17,858
Employee Costs	1,173,735	1,081,827	1,150,941	1,279,443	1,090,656	1,019,429	733,303	888,757	1,340,352	1,140,929	44,826	47,001	10,176	0
Number Of Employees	33	33	35	35	28	27	22	24	36	32	31	33	22	27
EBITDA*	-183,191	82,372	-230,984	153,590	422,995	-256,595	646,165	232,336	116,405	303,342	70,382	128,849	10,494	147,975

* 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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	2,079	0	6,953	23,815	8,121
Trade Debtors	762,394	1,234,766	976,134	1,073,800	940,995	670,981	656,257	468,502	397,869	372,638	298,051	252,064	223,476	217,065
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	580,313	220,479	258,988	182,138	196,650	238,426	213,213	280,572	362,212	302,835	188,598	223,112	35,000	35,310
Cash	130,336	88,677	94,208	316,195	639,916	826,353	666,620	337,799	133,561	150,907	31,589	38,108	17,601	38,556
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,473,043	1,543,922	1,329,330	1,572,133	1,777,561	1,735,760	1,536,090	1,086,873	893,642	828,459	518,238	520,237	299,892	299,052
total assets	1,473,043	1,543,922	1,329,330	1,572,133	1,777,561	1,735,760	1,536,090	1,086,873	893,642	828,459	518,238	520,237	299,892	299,052
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	10,000	10,000	10,000	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	3,107	3,611	44,471	136,928	152,929	147,402	119,971	136,903	134,635	47,770	44,161	50,522	31,230	24,400
Group/Directors Accounts	827,539	629,210	355,195	0	0	0	298,873	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	151,853	228,176	303,987	627,224	941,446	1,252,252	528,277	575,433	325,339	386,145	196,581	208,525	105,551	119,546
total current liabilities	992,499	870,997	713,653	764,152	1,094,375	1,399,654	947,121	712,336	459,974	433,915	240,742	259,047	136,781	143,946
loans	22,500	32,500	40,000	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	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	22,500	32,500	40,000	0	0	0	0	0	0	0	0	0	0	0
total liabilities	1,014,999	903,497	753,653	764,152	1,094,375	1,399,654	947,121	712,336	459,974	433,915	240,742	259,047	136,781	143,946
net assets	458,044	640,425	575,677	807,981	683,186	336,106	588,969	374,537	433,668	394,544	277,496	261,190	163,111	155,106
total shareholders funds	458,044	640,425	575,677	807,981	683,186	336,106	588,969	374,537	433,668	394,544	277,496	261,190	163,111	155,106

	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	-183,191	82,372	-230,984	153,590	422,995	-256,595	646,165	232,336	116,405	303,342	70,382	128,849	10,494	147,975
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-15,188	0	-29,273	-81,414	0	-121,733	-46,467	-23,281	-68,294	-14,076	-25,770	-2,493	-31,329
Stock	0	0	0	0	0	0	0	0	-2,079	2,079	-6,953	-16,862	15,694	8,121
Debtors	-112,538	220,123	-20,816	118,293	228,238	39,937	120,396	-11,007	84,608	188,824	11,473	216,700	6,101	252,375
Creditors	-504	-40,860	-92,457	-16,001	5,527	27,431	-16,932	2,268	86,865	3,609	-6,361	19,292	6,830	24,400
Accruals and Deferred Income	-76,323	-75,811	-323,237	-314,222	-310,806	723,975	-47,156	250,094	-60,806	189,564	-11,944	102,974	-13,995	119,546
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-147,480	-269,610	-625,862	-324,199	-191,936	454,874	339,948	449,238	36,654	237,318	33,481	25,507	-20,959	96
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	0	0	10,000	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	198,329	274,015	355,195	0	0	-298,873	298,873	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	-10,000	-7,500	40,000	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	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	137,248
interest	810	-2,436	-1,320	478	5,499	3,732	0	0	0	0	0	0	4	1,212
cash flow from financing	189,139	264,079	403,875	478	5,499	-295,141	298,873	0	0	0	0	0	4	138,460
cash and cash equivalents
cash	41,659	-5,531	-221,987	-323,721	-186,437	159,733	328,821	204,238	-17,346	119,318	-6,519	20,507	-20,955	38,556
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	41,659	-5,531	-221,987	-323,721	-186,437	159,733	328,821	204,238	-17,346	119,318	-6,519	20,507	-20,955	38,556

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GATWICK SCAFFOLDING LIMITED group structure

Gatwick Scaffolding Limited has no subsidiary companies.

Ultimate parent company

NORMAN FAMILY HOLDINGS LIMITED

07232493

1 parent

GATWICK SCAFFOLDING LIMITED

02451414

GATWICK SCAFFOLDING LIMITED Shareholders

norman family holdings limited

100%

Gatwick Scaffolding Limited currently has 4 directors. The longest serving directors include Mr Norman Norman (Dec 1991) and Mr Anthony Norman (Mar 2011).

officer	country	age	start	end	role
Mr Norman Norman	England	69 years	Dec 1991	-	Director
Mr Anthony Norman	England	38 years	Mar 2011	-	Director
Mr William Norman	England	37 years	Mar 2011	-	Director
Mr Josh Norman	England	28 years	Nov 2022	-	Director

P&L

March 2023

turnover

-26%

operating profit

-183.2k

gross margin

36.4%

-0.35%

turnover

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

Balance Sheet

March 2023

net assets

458k

-0.28%

total assets

1.5m

-0.05%

cash

130.3k

+0.47%

net assets

Total assets minus all liabilities

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company number

02451414

Type

Private limited with Share Capital

industry

43991 - Scaffold erection

incorporation date

December 1989

age

accounts

Total Exemption Full

ultimate parent company

NORMAN FAMILY HOLDINGS LIMITED

previous names

N/A

incorporated

address

betchworth house, 57-65 station road, redhill, surrey, RH1 1DL

last accounts submitted

March 2023

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gatwick scaffolding limited Company Information

gatwick scaffolding limited Estimated Valuation

gatwick scaffolding limited Estimated Valuation

gatwick scaffolding limited Estimated Valuation

Gatwick Scaffolding Limited Overview

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GATWICK SCAFFOLDING LIMITED financials

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