Golledge Electronics Limited

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golledge electronics limited Company Information

Live

MatureMidHigh

Company Number

02525681

Website

www.golledge.com

Registered Address

bull pen eaglewood park, ilminster, somerset, TA19 9DQ

Industry

Wholesale of electronic and telecommunications equipment and parts

Telephone

01460256100

Next Accounts Due

April 2025

Group Structure

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Directors

Matthew Negus2 Years

Daniel Croft2 Years

View All

Shareholders

pod bidco limited 100%

golledge electronics limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of GOLLEDGE ELECTRONICS LIMITED at £9m based on an EBITDA of £1.5m and a 6.01x industry multiple (adjusted for size and gross margin).

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Golledge Electronics Limited is a live company located in somerset, TA19 9DQ with a Companies House number of 02525681. It operates in the wholesale of electronic and telecommunications equipment and parts sector, SIC Code 46520. Founded in July 1990, it's largest shareholder is pod bidco limited with a 100% stake. Golledge Electronics Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.7m with high growth in recent years.

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Pomanda's financial health check has awarded Golledge Electronics Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £8.7m, make it smaller than the average company (£14.9m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.1%)

EXPORT

Golledge Electronics Limited's latest turnover from July 2023 is £8.7 million and the company has net assets of £3.7 million. According to their latest financial statements, Golledge Electronics Limited has 22 employees and maintains cash reserves of £93.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	8,675,426	8,605,771	6,537,924	4,549,441	5,743,301	5,609,773	6,119,199	5,617,905	5,834,138	5,849,704	5,509,057	6,087,038	5,672,594	6,714,682	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,397,821	5,302,968	4,233,719	3,388,033	4,279,054	4,255,569	4,670,248	4,223,331	4,350,609	4,435,050	4,135,843	4,537,404	4,252,704	4,967,793	0
Gross Profit	3,277,605	3,302,803	2,304,205	1,161,408	1,464,247	1,354,205	1,448,950	1,394,574	1,483,529	1,414,654	1,373,214	1,549,634	1,419,890	1,746,888	0
Admin Expenses	1,800,694	1,999,626	1,819,162	1,908,512	1,734,443	1,291,262	1,267,648	1,497,376	1,665,154	1,363,763	1,025,799	1,098,390	1,251,118	1,343,976	-1,852,850
Operating Profit	1,476,911	1,303,177	485,043	-747,104	-270,196	62,943	181,302	-102,802	-181,625	50,891	347,415	451,244	168,772	402,912	1,852,850
Interest Payable	0	0	1	3	7	7	0	7	7	0	0	0	0	0	0
Interest Receivable	408	61	40	441	6,104	8,921	2,858	3,019	6,508	7,612	7,015	4,952	4,585	4,406	1,953
Pre-Tax Profit	1,477,319	1,303,238	485,082	-746,666	-264,099	71,857	184,159	-99,790	-175,124	58,503	354,430	456,196	173,357	407,318	1,854,803
Tax	-350,730	-236,967	-94,709	0	0	-13,653	-34,990	0	0	-12,286	-81,519	-109,487	-45,073	-114,049	-519,345
Profit After Tax	1,126,589	1,066,271	390,373	-746,666	-264,099	58,204	149,169	-99,790	-175,124	46,217	272,911	346,709	128,284	293,269	1,335,458
Dividends Paid	0	40,000	228,000	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,126,589	1,026,271	162,373	-746,666	-264,099	58,204	149,169	-99,790	-175,124	46,217	272,911	346,709	128,284	293,269	1,335,458
Employee Costs	1,236,390	1,558,441	1,359,131	1,211,137	1,274,125	1,242,156	1,176,025	1,234,479	1,255,194	752,283	710,934	760,402	693,007	959,421	0
Number Of Employees	22	24	24	25	26	26	26	28	28	18	17	18	17	24	0
EBITDA*	1,494,929	1,310,051	501,892	-727,088	-251,936	81,898	202,310	-88,402	-166,477	70,643	373,011	480,808	197,884	429,658	1,886,367

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	61,047	21,358	13,828	13,323	20,418	25,695	28,421	32,836	33,272	39,110	43,183	62,190	73,473	76,877	92,519
Intangible Assets	0	0	0	9,035	18,069	27,103	36,137	0	0	0	0	0	0	0	0
Investments & Other	0	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	0
Total Fixed Assets	61,047	21,358	13,828	22,358	38,487	52,798	64,558	32,836	33,272	39,110	43,183	62,190	73,473	76,877	92,519
Stock & work in progress	697,536	1,179,415	666,417	497,631	540,582	616,992	704,143	667,146	714,692	670,432	476,293	623,106	570,637	393,102	291,785
Trade Debtors	1,264,650	404,409	1,441,361	744,716	1,050,595	1,068,398	1,212,462	948,707	961,096	1,182,962	1,050,629	1,224,779	1,196,522	1,350,029	922,765
Group Debtors	2,994,242	1,644,203	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	16,138	15,390	70,936	19,760	850,292	63,691	40,339	31,772	73,317	0	0	0	0	0	0
Cash	93,229	350,922	180,692	524,900	356,540	1,271,260	1,107,657	1,178,437	1,236,728	1,366,603	1,678,110	1,127,909	852,779	981,324	781,093
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,065,795	3,594,339	2,359,406	1,787,007	2,798,009	3,020,341	3,064,601	2,826,062	2,985,833	3,219,997	3,205,032	2,975,794	2,619,938	2,724,455	1,995,643
total assets	5,126,842	3,615,697	2,373,234	1,809,365	2,836,496	3,073,139	3,129,159	2,858,898	3,019,105	3,259,107	3,248,215	3,037,984	2,693,411	2,801,332	2,088,162
Bank overdraft	172,548	0	0	100	0	200	0	0	230	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	520,048	534,924	587,712	291,069	463,553	430,878	503,790	397,395	385,161	742,941	778,463	838,123	838,536	1,077,216	656,885
Group/Directors Accounts	0	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	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	670,127	455,934	187,000	81,199	186,276	189,244	233,654	221,312	292,895	0	0	0	0	0	0
total current liabilities	1,362,723	990,858	774,712	372,368	649,829	620,322	737,444	618,707	678,286	742,941	778,463	838,123	838,536	1,077,216	656,885
loans	0	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	0
Accruals and Deferred Income	0	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	0
provisions	14,344	1,654	1,607	2,455	5,459	7,510	4,612	2,257	3,095	3,318	3,121	6,141	7,864	5,389	5,819
total long term liabilities	14,344	1,654	1,607	2,455	5,459	7,510	4,612	2,257	3,095	3,318	3,121	6,141	7,864	5,389	5,819
total liabilities	1,377,067	992,512	776,319	374,823	655,288	627,832	742,056	620,964	681,381	746,259	781,584	844,264	846,400	1,082,605	662,704
net assets	3,749,775	2,623,185	1,596,915	1,434,542	2,181,208	2,445,307	2,387,103	2,237,934	2,337,724	2,512,848	2,466,631	2,193,720	1,847,011	1,718,727	1,425,458
total shareholders funds	3,749,775	2,623,185	1,596,915	1,434,542	2,181,208	2,445,307	2,387,103	2,237,934	2,337,724	2,512,848	2,466,631	2,193,720	1,847,011	1,718,727	1,425,458

	Jul 2023	Jul 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017	Aug 2016	Aug 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	1,476,911	1,303,177	485,043	-747,104	-270,196	62,943	181,302	-102,802	-181,625	50,891	347,415	451,244	168,772	402,912	1,852,850
Depreciation	18,018	6,874	7,814	10,982	9,226	9,921	11,974	14,400	15,148	19,752	25,596	29,564	29,112	26,746	33,517
Amortisation	0	0	9,035	9,034	9,034	9,034	9,034	0	0	0	0	0	0	0	0
Tax	-350,730	-236,967	-94,709	0	0	-13,653	-34,990	0	0	-12,286	-81,519	-109,487	-45,073	-114,049	-519,345
Stock	-481,879	512,998	168,786	-42,951	-76,410	-87,151	36,997	-47,546	44,260	194,139	-146,813	52,469	177,535	101,317	291,785
Debtors	2,211,028	551,705	747,821	-1,136,411	768,798	-120,712	272,322	-53,934	-148,549	132,333	-174,150	28,257	-153,507	427,264	922,765
Creditors	-14,876	-52,788	296,643	-172,484	32,675	-72,912	106,395	12,234	-357,780	-35,522	-59,660	-413	-238,680	420,331	656,885
Accruals and Deferred Income	214,193	268,934	105,801	-105,077	-2,968	-44,410	12,342	-71,583	292,895	0	0	0	0	0	0
Deferred Taxes & Provisions	12,690	47	-848	-3,004	-2,051	2,898	2,355	-838	-223	197	-3,020	-1,723	2,475	-430	5,819
Cash flow from operations	-372,943	224,574	-107,828	171,709	-916,668	161,684	-20,907	-47,109	-127,296	-303,440	549,775	288,459	-107,422	206,929	815,176
Investing Activities
capital expenditure	-57,707	-14,404	-8,319	-3,887	-3,949	-7,195	-52,730	-13,964	-9,310	-15,679	-6,589	-18,281	-25,708	-11,104	-126,036
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-57,707	-14,404	-8,319	-3,887	-3,949	-7,195	-52,730	-13,964	-9,310	-15,679	-6,589	-18,281	-25,708	-11,104	-126,036
Financing Activities
Bank loans	0	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	0
Other Short Term Loans	0	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	0
Hire Purchase and Lease Commitments	0	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	0
share issue	1	-1	0	0	0	0	0	0	0	0	0	0	0	0	90,000
interest	408	61	39	438	6,097	8,914	2,858	3,012	6,501	7,612	7,015	4,952	4,585	4,406	1,953
cash flow from financing	409	60	39	438	6,097	8,914	2,858	3,012	6,501	7,612	7,015	4,952	4,585	4,406	91,953
cash and cash equivalents
cash	-257,693	170,230	-344,208	168,360	-914,720	163,603	-70,780	-58,291	-129,875	-311,507	550,201	275,130	-128,545	200,231	781,093
overdraft	172,548	0	-100	100	-200	200	0	-230	230	0	0	0	0	0	0
change in cash	-430,241	170,230	-344,108	168,260	-914,520	163,403	-70,780	-58,061	-130,105	-311,507	550,201	275,130	-128,545	200,231	781,093

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLLEDGE ELECTRONICS LIMITED group structure

Golledge Electronics Limited has no subsidiary companies.

Ultimate parent company

TECHPOINT GROUP LTD

12663240

POD BIDCO LIMITED

12675520

2 parents

GOLLEDGE ELECTRONICS LIMITED

02525681

GOLLEDGE ELECTRONICS LIMITED Shareholders

pod bidco limited

100%

Golledge Electronics Limited currently has 4 directors. The longest serving directors include Mr Matthew Negus (May 2022) and Mr Daniel Croft (May 2022).

officer	country	age	start	end	role
Mr Matthew Negus	United Kingdom	41 years	May 2022	-	Director
Mr Daniel Croft	England	43 years	May 2022	-	Director
Mrs Jennifer Drake	United Kingdom	41 years	Jan 2024	-	Director
Mr Perry Duffill	United Kingdom	58 years	May 2024	-	Director

P&L

July 2023

turnover

8.7m

+1%

operating profit

1.5m

+13%

gross margin

37.8%

-1.56%

turnover

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

Balance Sheet

July 2023

net assets

3.7m

+0.43%

total assets

5.1m

+0.42%

cash

93.2k

-0.73%

net assets

Total assets minus all liabilities

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company number

02525681

Type

Private limited with Share Capital

industry

46520 - Wholesale of electronic and telecommunications equipment and parts

incorporation date

July 1990

age

accounts

Medium Company

ultimate parent company

TECHPOINT GROUP LTD

previous names

N/A

incorporated

address

bull pen eaglewood park, ilminster, somerset, TA19 9DQ

last accounts submitted

July 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 2 charges/mortgages relating to golledge electronics limited. Currently there are 2 open charges and 0 have been satisfied in the past.

golledge electronics limited Company Information

golledge electronics limited Estimated Valuation

golledge electronics limited Estimated Valuation

golledge electronics limited Estimated Valuation

Golledge Electronics Limited Overview

Golledge Electronics Limited Health Check

GOLLEDGE ELECTRONICS LIMITED financials

golledge electronics limited Credit Report and Business Information

Golledge Electronics Limited Competitor Analysis

golledge electronics limited Ownership

golledge electronics limited directors

golledge electronics limited company details

golledge electronics limited Charges & Mortgages

golledge electronics limited Companies House Filings - See Documents