G.t. Towing Limited

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g.t. towing limited Company Information

Live

MatureMidHigh

Company Number

02583734

Website

www.gttowing.co.uk

Registered Address

great north road hatfield, herts, AL9 5SD

Industry

Sale of other motor vehicles

Telephone

01707262526

Next Accounts Due

October 2025

Group Structure

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Directors

Gordon Thurgood31 Years

Teresa Thurgood31 Years

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Shareholders

sally smyth 25%

amanda miller 25%

View All

g.t. towing limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of G.T. TOWING LIMITED at £4.8m based on Net Assets of £1.7m and 2.88x industry multiple (adjusted for liquidity).

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G.t. Towing Limited is a live company located in herts, AL9 5SD with a Companies House number of 02583734. It operates in the sale of other motor vehicles sector, SIC Code 45190. Founded in February 1991, it's largest shareholder is sally smyth with a 25% stake. G.t. Towing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.8m with high growth in recent years.

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Pomanda's financial health check has awarded G.T. Towing Limited a 4 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 Rating4out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £5.8m, make it smaller than the average company (£19.3m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a similar rate (13.8%)

EXPORT

G.T. Towing Limited's latest turnover from January 2024 is estimated at £5.8 million and the company has net assets of £1.7 million. According to their latest financial statements, G.T. Towing Limited has 24 employees and maintains cash reserves of £775 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	5,819,258	5,379,330	5,162,771	3,684,183	4,520,118	4,938,954	4,820,370	4,619,770	5,125,607	4,571,158	4,378,413	3,913,624	4,189,307	4,399,887	4,117,063
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,060,175	4,596,526	4,467,597	3,202,329	3,972,080	4,284,801	4,176,167	4,022,269	3,608,815	3,188,014	3,015,871	2,613,809	2,810,732	3,062,055	2,811,670
Gross Profit	759,083	782,804	695,173	481,853	548,038	654,153	644,203	597,501	1,516,792	1,383,144	1,362,542	1,299,815	1,378,575	1,337,832	1,305,393
Admin Expenses	741,140	479,265	241,447	-84,511	767,762	401,653	448,785	900,026	1,042,443	1,041,272	1,052,044	978,543	1,037,495	1,086,239	1,084,079
Operating Profit	17,943	303,539	453,726	566,364	-219,724	252,500	195,418	-302,525	474,349	341,872	310,498	321,272	341,080	251,593	221,314
Interest Payable	58	188	217	7,723	23,599	30,820	31,281	27,391	1,897	1,560	2,020	2,084	4,016	1,533	1,032
Interest Receivable	43,822	38,467	2,963	828	3,968	3,315	1,702	833	158	0	125	748	0	1,053	108
Pre-Tax Profit	61,707	341,819	456,472	559,469	-239,355	224,995	165,840	-329,083	472,610	340,312	308,603	319,936	337,064	251,113	220,390
Tax	-15,427	-64,946	-86,730	-106,299	0	-42,749	-31,510	0	-102,476	-51,300	-85,240	-72,802	-84,950	-67,350	-61,649
Profit After Tax	46,280	276,873	369,742	453,170	-239,355	182,246	134,330	-329,083	370,134	289,012	223,363	247,134	252,114	183,763	158,741
Dividends Paid	0	0	0	0	0	0	0	0	252,000	252,000	252,000	252,000	252,000	252,525	247,475
Retained Profit	46,280	276,873	369,742	453,170	-239,355	182,246	134,330	-329,083	118,134	37,012	-28,637	-4,866	114	-68,762	-88,734
Employee Costs	1,039,733	925,435	868,163	945,282	986,668	977,340	967,359	860,514	481,641	474,643	433,706	396,060	471,201	530,813	554,337
Number Of Employees	24	23	23	26	27	28	29	26	15	15	14	13	16	18	20
EBITDA*	86,563	366,333	478,472	584,432	-195,870	285,615	228,018	-269,771	505,800	388,029	354,717	368,703	385,067	300,722	269,867

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	242,533	291,254	293,983	56,005	56,318	63,225	87,880	117,807	129,061	103,929	104,152	116,099	133,826	142,596	149,020
Intangible Assets	0	0	0	0	0	0	0	0	0	939	7,829	14,719	21,609	28,499	34,011
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	242,533	291,254	293,983	56,005	56,318	63,225	87,880	117,807	129,061	104,868	111,981	130,818	155,435	171,095	183,031
Stock & work in progress	1,312,418	1,156,430	878,365	480,569	628,009	1,130,294	1,165,900	1,209,684	1,075,577	912,036	859,342	754,422	802,460	910,938	552,971
Trade Debtors	55,145	66,356	31,981	39,764	39,883	46,195	48,461	63,340	40,291	50,911	52,784	26,649	66,124	141,420	69,633
Group Debtors	0	0	0	0	0	0	0	0	280,835	329,657	383,347	438,689	406,183	406,789	446,594
Misc Debtors	6,511	7,158	5,850	5,880	13,505	10,298	10,380	8,679	9,490	10,362	10,999	12,280	15,189	20,934	29,815
Cash	774,976	977,899	1,220,233	1,150,497	506,371	551,687	332,260	348,681	317,437	17,834	437	424	487	429	4,947
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,149,050	2,207,843	2,136,429	1,676,710	1,187,768	1,738,474	1,557,001	1,630,384	1,723,630	1,320,800	1,306,909	1,232,464	1,290,443	1,480,510	1,103,960
total assets	2,391,583	2,499,097	2,430,412	1,732,715	1,244,086	1,801,699	1,644,881	1,748,191	1,852,691	1,425,668	1,418,890	1,363,282	1,445,878	1,651,605	1,286,991
Bank overdraft	0	0	0	0	249,642	449,593	463,589	498,908	377,597	240,460	301,474	296,285	327,949	480,200	157,090
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	357,445	563,126	692,045	314,261	352,134	329,747	316,413	253,166	386,231	304,195	195,374	173,830	130,410	235,219	167,437
Group/Directors Accounts	0	0	753	753	321	4,652	28,379	323,602	0	0	0	56,943	52,168	45,650	50,103
other short term finances	488	572	3,376	3,580	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	296,309	258,652	322,447	419,509	98,297	233,852	230,528	194,318	277,935	198,071	253,941	149,918	237,268	195,654	154,812
total current liabilities	654,242	822,350	1,018,621	738,103	700,394	1,017,844	1,038,909	1,269,994	1,041,763	742,726	750,789	676,976	747,795	956,723	529,442
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	58,022	43,708	55,625	8,188	10,438	11,246	15,609	22,164	25,812	15,021	37,192	26,760	33,671	30,584	24,489
total long term liabilities	58,022	43,708	55,625	8,188	10,438	11,246	15,609	22,164	25,812	15,021	37,192	26,760	33,671	30,584	24,489
total liabilities	712,264	866,058	1,074,246	746,291	710,832	1,029,090	1,054,518	1,292,158	1,067,575	757,747	787,981	703,736	781,466	987,307	553,931
net assets	1,679,319	1,633,039	1,356,166	986,424	533,254	772,609	590,363	456,033	785,116	667,921	630,909	659,546	664,412	664,298	733,060
total shareholders funds	1,679,319	1,633,039	1,356,166	986,424	533,254	772,609	590,363	456,033	785,116	667,921	630,909	659,546	664,412	664,298	733,060

	Jan 2024	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	17,943	303,539	453,726	566,364	-219,724	252,500	195,418	-302,525	474,349	341,872	310,498	321,272	341,080	251,593	221,314
Depreciation	68,620	62,794	24,746	18,068	23,854	33,115	32,600	32,754	31,451	39,267	37,329	40,541	37,097	43,617	43,041
Amortisation	0	0	0	0	0	0	0	0	0	6,890	6,890	6,890	6,890	5,512	5,512
Tax	-15,427	-64,946	-86,730	-106,299	0	-42,749	-31,510	0	-102,476	-51,300	-85,240	-72,802	-84,950	-67,350	-61,649
Stock	155,988	278,065	397,796	-147,440	-502,285	-35,606	-43,784	134,107	163,541	52,694	104,920	-48,038	-108,478	357,967	552,971
Debtors	-11,858	35,683	-7,813	-7,744	-3,105	-2,348	-13,178	-258,597	-60,314	-56,200	-30,488	-9,878	-81,647	23,101	546,042
Creditors	-205,681	-128,919	377,784	-37,873	22,387	13,334	63,247	-133,065	82,036	108,821	21,544	43,420	-104,809	67,782	167,437
Accruals and Deferred Income	37,657	-63,795	-97,062	321,212	-135,555	3,324	36,210	-83,617	79,864	-55,870	104,023	-87,350	41,614	40,842	154,812
Deferred Taxes & Provisions	14,314	-11,917	47,437	-2,250	-808	-4,363	-6,555	-3,648	10,791	-22,171	10,432	-6,911	3,087	6,095	24,489
Cash flow from operations	-226,704	-216,992	329,918	914,406	195,544	293,115	346,372	-365,611	472,788	371,015	331,044	302,976	430,134	-32,977	-544,057
Investing Activities
capital expenditure	-19,899	-60,065	-262,724	-17,755	-16,947	-8,460	-2,673	-21,500	-55,644	-39,044	-25,382	-22,814	-28,327	-37,193	-231,584
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-19,899	-60,065	-262,724	-17,755	-16,947	-8,460	-2,673	-21,500	-55,644	-39,044	-25,382	-22,814	-28,327	-37,193	-231,584
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-753	0	432	-4,331	-23,727	-295,223	323,602	0	0	-56,943	4,775	6,518	-4,453	50,103
Other Short Term Loans	-84	-2,804	-204	3,580	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	0	0	0	0	0	0	0	0	-939	0	0	0	0	0	821,794
interest	43,764	38,279	2,746	-6,895	-19,631	-27,505	-29,579	-26,558	-1,739	-1,560	-1,895	-1,336	-4,016	-480	-924
cash flow from financing	43,680	34,722	2,542	-2,883	-23,962	-51,232	-324,802	297,044	-2,678	-1,560	-58,838	3,439	2,502	-4,933	870,973
cash and cash equivalents
cash	-202,923	-242,334	69,736	644,126	-45,316	219,427	-16,421	31,244	299,603	17,397	13	-63	58	-4,518	4,947
overdraft	0	0	0	-249,642	-199,951	-13,996	-35,319	121,311	137,137	-61,014	5,189	-31,664	-152,251	323,110	157,090
change in cash	-202,923	-242,334	69,736	893,768	154,635	233,423	18,898	-90,067	162,466	78,411	-5,176	31,601	152,309	-327,628	-152,143

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G.T. TOWING LIMITED group structure

G.T. Towing Limited has no subsidiary companies.

Ultimate parent company

G.T. TOWING LIMITED

02583734

G.T. TOWING LIMITED Shareholders

sally smyth	25%
amanda miller	25%
paul thurgood	25%
adam thurgood	25%

G.T. Towing Limited currently has 6 directors. The longest serving directors include Mr Gordon Thurgood (Feb 1993) and Mrs Teresa Thurgood (Feb 1993).

officer	age	start	end	role
Mr Gordon Thurgood	93 years	Feb 1993	-	Director
Mrs Teresa Thurgood	86 years	Feb 1993	-	Director
Mrs Sally Smyth	66 years	Jun 1999	-	Director
Mr Adam Thurgood	61 years	Jun 1999	-	Director
Mrs Amanda Miller	62 years	Jun 1999	-	Director
Mr Paul Thurgood	69 years	Jun 1999	-	Director

P&L

January 2024

turnover

5.8m

+8%

operating profit

17.9k

gross margin

13.1%

-10.36%

turnover

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

Balance Sheet

January 2024

net assets

1.7m

+0.03%

total assets

2.4m

-0.04%

cash

775k

-0.21%

net assets

Total assets minus all liabilities

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company number

02583734

Type

Private limited with Share Capital

industry

45190 - Sale of other motor vehicles

incorporation date

February 1991

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

great north road hatfield, herts, AL9 5SD

last accounts submitted

January 2024

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 1 charges/mortgages relating to g.t. towing limited. Currently there are 0 open charges and 1 have been satisfied in the past.

g.t. towing limited Company Information

g.t. towing limited Estimated Valuation

g.t. towing limited Estimated Valuation

g.t. towing limited Estimated Valuation

G.t. Towing Limited Overview

G.t. Towing Limited Health Check

G.T. TOWING LIMITED financials

g.t. towing limited Credit Report and Business Information

G.t. Towing Limited Competitor Analysis

g.t. towing limited Ownership

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