G.b. Electronics Limited

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g.b. electronics limited Company Information

Live

MatureLargeHigh

Company Number

02674826

Next Accounts

Dec 2025

Industry

Security systems service activities

Other information technology and computer service activities

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Directors

Jeremy Williams

Peter Dickinson

Shareholders

gbe converge group ltd

Group Structure

View All

Contact

Registered Address

level 12, the shard, 32 london bridge street, london, SE1 9SG

Website

www.gbeconverge.com

g.b. electronics limited Estimated Valuation

£41.4m

Pomanda estimates the enterprise value of G.B. ELECTRONICS LIMITED at £41.4m based on a Turnover of £41.4m and 1x industry multiple (adjusted for size and gross margin).

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G.b. Electronics Limited is a live company located in london, SE1 9SG with a Companies House number of 02674826. It operates in the computer facilities management activities sector, SIC Code 62030. Founded in December 1991, it's largest shareholder is gbe converge group ltd with a 100% stake. G.b. Electronics Limited is a mature, large sized company, Pomanda has estimated its turnover at £41.4m with high growth in recent years.

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Pomanda's financial health check has awarded G.B. Electronics Limited a 4 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 Rating4out of 5

6 Strong

1 Regular

4 Weak

Size

annual sales of £41.4m, make it larger than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (9.8%)

EXPORT

G.B. Electronics Limited's latest turnover from March 2024 is £41.4 million and the company has net assets of £6.2 million. According to their latest financial statements, G.B. Electronics Limited has 71 employees and maintains cash reserves of £869.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2024	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	41,414,194	22,287,183	21,831,902	23,262,924	17,418,655	18,806,046	13,313,142	13,937,519	10,534,628	11,880,707	11,262,696	7,501,053	12,358,920	11,718,932	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	31,687,920	15,192,713	14,785,798	16,689,599	12,263,128	15,033,201	10,624,631	11,384,749	8,221,700	9,788,090	5,987,099	3,867,171	6,543,781	5,728,918	0
Gross Profit	9,726,274	7,094,470	7,046,104	6,573,325	5,155,527	3,772,845	2,688,511	2,552,770	2,312,928	2,092,617	5,275,597	3,633,882	5,815,139	5,990,014	0
Admin Expenses	9,309,241	4,920,261	5,295,514	5,032,297	4,408,988	3,185,470	3,002,585	2,299,738	2,154,946	1,680,935	4,647,545	3,319,653	5,523,311	5,941,021	-839,514
Operating Profit	417,033	2,174,209	1,750,590	1,541,028	746,539	587,375	-314,074	253,032	157,982	411,682	628,052	314,229	291,828	48,993	839,514
Interest Payable	53,370	24,481	25,189	22,790	93	6,779	29,163	12,139	2,033	1,889	147	2,502	0	0	0
Interest Receivable	0	0	0	0	39	0	0	0	567	3,292	1,935	1,961	3,121	2,306	1,144
Pre-Tax Profit	363,663	2,149,728	1,725,401	1,518,238	746,485	940,596	-343,237	240,893	156,516	413,085	629,840	313,688	294,949	51,299	840,658
Tax	-84,022	-486,959	-341,735	-249,413	9,124	1,993	80,854	113,690	-42,948	-101,897	-155,928	-88,339	-76,687	-14,364	-235,384
Profit After Tax	279,641	1,662,769	1,383,666	1,268,825	755,609	942,589	-262,383	354,583	113,568	311,188	473,912	225,349	218,262	36,935	605,274
Dividends Paid	200,000	390,000	277,590	75,180	125,180	605,180	75,180	75,180	75,180	75,180	75,180	155,180	0	0	0
Retained Profit	79,641	1,272,769	1,106,076	1,193,645	630,429	337,409	-337,563	279,403	38,388	236,008	398,732	70,169	218,262	36,935	605,274
Employee Costs	5,305,781	3,432,941	3,595,827	3,465,915	3,242,159	3,716,168	3,155,836	3,089,565	2,659,886	2,835,298	5,149,694	1,526,690	4,290,638	4,080,220	0
Number Of Employees	71	63	70	70	60	71	64	63	57	59	62	39	105	109	0
EBITDA*	489,980	2,211,736	1,784,713	1,579,323	791,368	640,116	-242,668	327,223	235,071	450,134	657,536	359,522	337,141	80,869	849,799

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2024	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	76,242	87,259	67,166	89,784	128,079	168,679	197,274	248,842	265,297	291,344	85,163	54,540	81,729	69,092	92,789
Intangible Assets	5,225	13,933	17,400	23,200	29,000	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	391,050	391,050	391,050	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	81,467	101,192	475,616	504,034	548,129	168,679	197,274	248,842	265,297	291,344	85,163	54,540	81,729	69,092	92,789
Stock & work in progress	0	0	1,123,620	4,505,875	2,917,572	2,572,431	0	0	0	0	0	0	0	0	0
Trade Debtors	3,315,546	2,280,447	3,643,222	5,498,319	3,088,927	3,229,456	1,267,643	1,595,488	1,158,376	1,188,477	898,279	1,013,166	2,074,160	2,017,112	1,393,120
Group Debtors	888,227	2,561,440	1,377,668	674,173	482,951	9,282	530,000	753,920	0	0	0	0	0	0	0
Misc Debtors	9,984,471	6,986,485	373,909	836,312	336,591	161,577	2,895,659	2,975,329	2,019,405	1,511,665	2,814,692	1,134,651	0	0	0
Cash	869,549	1,413,533	3,998,056	2,692,736	1,788,789	1,973,629	906,815	969,960	763,124	897,841	1,522,869	1,297,909	783,910	464,445	457,759
misc current assets	0	0	0	0	0	0	0	0	7,868	0	0	0	0	0	0
total current assets	15,057,793	13,241,905	10,516,475	14,207,415	8,614,830	7,946,375	5,600,117	6,294,697	3,948,773	3,597,983	5,235,840	3,445,726	2,858,070	2,481,557	1,850,879
total assets	15,139,260	13,343,097	10,992,091	14,711,449	9,162,959	8,115,054	5,797,391	6,543,539	4,214,070	3,889,327	5,321,003	3,500,266	2,939,799	2,550,649	1,943,668
Bank overdraft	0	0	0	0	0	68,641	175,839	163,101	0	0	0	0	0	0	0
Bank loan	0	352,486	359,044	81,250	84,167	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,706,748	2,203,242	1,479,494	3,243,612	3,500,155	2,765,328	2,739,087	2,807,359	1,604,568	1,145,429	2,557,913	1,182,079	2,053,402	1,908,340	1,338,294
Group/Directors Accounts	2,070,040	358,263	136,192	70,000	0	0	120,000	120,000	120,000	120,000	230,000	230,000	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	1,315	16,938	32,718	15,779	12,137	11,987	0	0	0
other current liabilities	1,156,359	2,766,068	2,307,567	5,823,064	2,190,698	2,685,211	979,995	1,316,877	810,469	968,633	1,191,481	1,131,471	0	0	0
total current liabilities	7,933,147	5,680,059	4,282,297	9,217,926	5,775,020	5,519,180	4,016,236	4,424,275	2,567,755	2,249,841	3,991,531	2,555,537	2,053,402	1,908,340	1,338,294
loans	0	514,583	843,329	787,147	161,636	0	193,000	193,546	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	31,559	0	13,989	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	25,826	0	0
provisions	1,040,386	1,062,369	1,053,148	999,135	712,707	712,707	42,447	42,447	42,447	42,447	0	0	0	0	0
total long term liabilities	1,040,386	1,576,952	1,896,477	1,786,282	874,343	712,707	235,447	235,993	42,447	74,006	0	13,989	25,826	0	0
total liabilities	8,973,533	7,257,011	6,178,774	11,004,208	6,649,363	6,231,887	4,251,683	4,660,268	2,610,202	2,323,847	3,991,531	2,569,526	2,079,228	1,908,340	1,338,294
net assets	6,165,727	6,086,086	4,813,317	3,707,241	2,513,596	1,883,167	1,545,708	1,883,271	1,603,868	1,565,480	1,329,472	930,740	860,571	642,309	605,374
total shareholders funds	6,165,727	6,086,086	4,813,317	3,707,241	2,513,596	1,883,167	1,545,708	1,883,271	1,603,868	1,565,480	1,329,472	930,740	860,571	642,309	605,374

	Mar 2024	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	417,033	2,174,209	1,750,590	1,541,028	746,539	587,375	-314,074	253,032	157,982	411,682	628,052	314,229	291,828	48,993	839,514
Depreciation	64,239	30,560	28,323	38,295	44,829	52,741	71,406	74,191	77,089	38,452	29,484	45,293	45,313	31,876	10,285
Amortisation	8,708	6,967	5,800	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-84,022	-486,959	-341,735	-249,413	9,124	1,993	80,854	113,690	-42,948	-101,897	-155,928	-88,339	-76,687	-14,364	-235,384
Stock	0	-1,123,620	-3,382,255	1,588,303	345,141	2,572,431	0	0	0	0	0	0	0	0	0
Debtors	14,188,244	6,433,573	-1,614,005	3,100,335	508,154	-1,292,987	-631,435	2,146,956	477,639	-1,012,829	1,565,154	73,657	57,048	623,992	1,393,120
Creditors	4,706,748	723,748	-1,764,118	-256,543	734,827	26,241	-68,272	1,202,791	459,139	-1,412,484	1,375,834	-871,323	145,062	570,046	1,338,294
Accruals and Deferred Income	1,156,359	458,501	-3,515,497	3,632,366	-494,513	1,705,216	-336,882	506,408	-158,164	-222,848	60,010	1,131,471	0	0	0
Deferred Taxes & Provisions	1,040,386	9,221	54,013	286,428	0	670,260	0	0	0	42,447	0	0	0	0	0
Cash flow from operations	-6,878,793	-2,393,706	1,213,636	303,523	187,511	1,764,382	64,467	3,156	15,459	-231,819	372,298	457,674	348,468	12,559	559,589
Investing Activities
capital expenditure	-154,414	-54,153	0	0	0	-24,144	-19,839	-57,735	-51,042	-244,633	-60,107	-18,104	-57,950	-8,179	-103,074
Change in Investments	0	-391,050	0	0	391,050	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-154,414	336,897	0	0	-391,050	-24,144	-19,839	-57,735	-51,042	-244,633	-60,107	-18,104	-57,950	-8,179	-103,074
Financing Activities
Bank loans	0	-6,558	277,794	-2,917	84,167	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	2,070,040	222,071	66,192	70,000	0	-120,000	0	0	0	-110,000	0	230,000	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	-328,746	56,182	625,511	161,636	-193,000	-546	193,546	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-1,315	-15,623	-15,780	-14,620	35,201	-13,839	25,976	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	-25,826	25,826	0	0
share issue	6,086,086	0	0	0	0	50	0	0	0	0	0	0	0	0	100
interest	-53,370	-24,481	-25,189	-22,790	-54	-6,779	-29,163	-12,139	-1,466	1,403	1,788	-541	3,121	2,306	1,144
cash flow from financing	8,102,756	-137,714	374,979	669,804	245,749	-321,044	-45,332	165,627	-16,086	-73,396	-12,051	229,609	28,947	2,306	1,244
cash and cash equivalents
cash	869,549	-2,584,523	1,305,320	903,947	-184,840	1,066,814	-63,145	206,836	-134,717	-625,028	224,960	513,999	319,465	6,686	457,759
overdraft	0	0	0	0	-68,641	-107,198	12,738	163,101	0	0	0	0	0	0	0
change in cash	869,549	-2,584,523	1,305,320	903,947	-116,199	1,174,012	-75,883	43,735	-134,717	-625,028	224,960	513,999	319,465	6,686	457,759

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G.B. ELECTRONICS LIMITED group structure

G.B. Electronics Limited has no subsidiary companies.

Ultimate parent company

MITIE GROUP PLC

SC019230

GBE CONVERGE GROUP LTD

03648989

2 parents

G.B. ELECTRONICS LIMITED

02674826

G.B. ELECTRONICS LIMITED Shareholders

gbe converge group ltd

100%

G.B. Electronics Limited currently has 2 directors. The longest serving directors include Mr Jeremy Williams (Nov 2023) and Mr Peter Dickinson (Nov 2023).

officer	country	age	start	end	role
Mr Jeremy Williams		55 years	Nov 2023	-	Director
Mr Peter Dickinson	England	62 years	Nov 2023	-	Director

P&L

March 2024

turnover

41.4m

operating profit

417k

gross margin

23.5%

turnover

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

Balance Sheet

March 2024

net assets

6.2m

total assets

15.1m

cash

869.5k

net assets

Total assets minus all liabilities

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company number

02674826

Type

Private limited with Share Capital

industry

62030 - Computer facilities management activities

80200 - Security systems service activities

62090 - Other information technology and computer service activities

incorporation date

December 1991

ultimate parent company

MITIE GROUP PLC

previous names

speed 2341 limited (March 1992)

address

level 12, the shard, 32 london bridge street, london, SE1 9SG

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 11 charges/mortgages relating to g.b. electronics limited. Currently there are 0 open charges and 11 have been satisfied in the past.

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.

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g.b. electronics limited Company Information

g.b. electronics limited Estimated Valuation

g.b. electronics limited Estimated Valuation

g.b. electronics limited Estimated Valuation

G.b. Electronics Limited Overview

G.b. Electronics Limited Health Check

G.B. ELECTRONICS LIMITED financials

g.b. electronics limited Credit Report and Business Information

G.b. Electronics Limited Competitor Analysis

g.b. electronics limited Ownership

g.b. electronics limited directors

g.b. electronics limited company details

g.b. electronics limited Charges & Mortgages

g.b. electronics limited Capital Raised & Share Issues BETA

g.b. electronics limited Companies House Filings - See Documents