Gunite (eastern) Limited

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gunite (eastern) limited Company Information

Live

MatureLargeRapid

Company Number

02702580

Website

http://www.gunitegroup.co.uk

Registered Address

409-411 croydon road, beckenham, kent, BR3 3PP

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01480466880

Next Accounts Due

September 2025

Group Structure

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Directors

Jeremy Otter32 Years

Matthew Otter13 Years

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Shareholders

techcrete limited 80%

tim ellis 10%

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gunite (eastern) limited Estimated Valuation

£11.5m

Pomanda estimates the enterprise value of GUNITE (EASTERN) LIMITED at £11.5m based on a Turnover of £21m and 0.55x industry multiple (adjusted for size and gross margin).

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Gunite (eastern) Limited is a live company located in kent, BR3 3PP with a Companies House number of 02702580. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in April 1992, it's largest shareholder is techcrete limited with a 80% stake. Gunite (eastern) Limited is a mature, large sized company, Pomanda has estimated its turnover at £21m with rapid growth in recent years.

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Pomanda's financial health check has awarded Gunite (Eastern) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

6 Strong

3 Regular

2 Weak

Size

annual sales of £21m, make it larger than the average company (£8.3m)

Growth

3 year (CAGR) sales growth of 33%, show it is growing at a faster rate (8.9%)

EXPORT

Gunite (Eastern) Limited's latest turnover from December 2023 is £21 million and the company has net assets of £3.6 million. According to their latest financial statements, Gunite (Eastern) Limited has 95 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	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	20,959,624	15,731,718	13,760,386	8,945,483	8,987,836	11,415,502	10,300,803	8,010,901	13,204,995	10,878,590	9,858,379	9,878,628	9,660,782	7,700,246	10,622,511
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	17,131,321	12,292,571	10,031,020	6,895,505	6,422,828	8,609,635	8,047,883	5,665,777	9,859,893	7,514,178	6,863,923	7,308,790	7,267,917	5,497,915	6,856,900
Gross Profit	3,828,303	3,439,147	3,729,366	2,049,978	2,565,008	2,805,867	2,252,920	2,345,124	3,345,102	3,364,412	2,994,456	2,569,838	2,392,865	2,202,331	3,765,611
Admin Expenses	3,714,798	3,183,073	2,915,518	1,825,048	2,356,526	2,323,841	2,190,753	2,470,776	2,439,575	2,495,692	2,514,907	2,356,977	2,239,082	2,633,019	3,231,821
Operating Profit	113,505	256,074	813,848	224,930	208,482	482,026	62,167	-125,652	905,527	868,720	479,549	212,861	153,783	-430,688	533,790
Interest Payable	33,455	26,902	9,341	3,510	15,297	18,328	42,994	139,710	155,884	170,412	150,750	97,120	88,187	53,958	30,644
Interest Receivable	1,499	0	0	81	270	0	387	27	17	4	3	5	69	36	0
Pre-Tax Profit	81,549	229,172	804,507	221,501	193,455	463,698	19,560	-265,335	749,660	698,312	328,802	115,746	65,665	-484,610	503,146
Tax	-75,307	13,783	-197,048	163,562	-72,220	-98,491	-28,658	43,249	-167,571	-160,430	-86,876	-47,270	-15,184	114,284	-169,031
Profit After Tax	6,242	242,955	607,459	385,063	121,235	365,207	-9,098	-222,086	582,089	537,882	241,926	68,476	50,481	-370,326	334,115
Dividends Paid	0	0	0	0	0	0	0	0	0	470,000	0	0	0	0	0
Retained Profit	6,242	242,955	607,459	385,063	121,235	365,207	-9,098	-222,086	582,089	67,882	241,926	68,476	50,481	-370,326	334,115
Employee Costs	2,200,918	1,680,791	1,618,751	2,354,997	2,023,781	2,038,265	1,713,209	1,558,000	2,971,151	2,389,682	2,339,187	2,492,634	2,533,472	2,105,916	0
Number Of Employees	95	85	73	54	46	47	41	38	74	61	61	65	68	59	0
EBITDA*	177,057	274,557	832,068	234,591	209,226	484,515	66,939	-120,261	911,624	874,310	741,428	217,749	166,085	-416,423	539,048

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	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	270,628	31,006	49,489	62,709	457	1,201	3,690	8,076	13,467	13,907	11,453	15,349	35,543	44,296	7,387
Intangible Assets	0	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	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	270,628	31,006	49,489	62,709	457	1,201	3,690	8,076	13,467	13,907	11,453	15,349	35,543	44,296	7,387
Stock & work in progress	325,899	137,333	222,870	89,835	106,621	140,650	94,583	68,565	89,966	68,492	168,019	66,753	58,979	0	0
Trade Debtors	3,197,311	3,012,863	1,955,368	1,193,709	1,343,973	1,240,762	1,481,926	934,809	2,026,368	1,754,757	1,616,691	1,464,498	1,060,899	818,358	953,663
Group Debtors	4,287,131	2,876,176	2,949,764	2,872,688	3,382,356	3,091,353	2,780,516	2,290,755	2,095,638	1,786,138	2,435,373	2,699,666	2,944,923	2,161,807	2,395,914
Misc Debtors	471,123	593,838	243,119	602,486	295,618	234,900	396,181	261,402	232,902	166,834	166,454	173,700	210,294	226,786	205,126
Cash	0	0	628,829	111,230	0	152,261	0	0	0	0	3	2	30,008	0	15,499
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	8,281,464	6,620,210	5,999,950	4,869,948	5,128,568	4,859,926	4,753,206	3,555,531	4,444,874	3,776,221	4,386,540	4,404,619	4,305,103	3,206,951	3,570,202
total assets	8,552,092	6,651,216	6,049,439	4,932,657	5,129,025	4,861,127	4,756,896	3,563,607	4,458,341	3,790,128	4,397,993	4,419,968	4,340,646	3,251,247	3,577,589
Bank overdraft	25,191	198,295	0	0	371,777	0	513,690	262,817	381,925	341,267	214,304	458,900	516,703	506,528	458,668
Bank loan	0	0	33,333	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,973,528	1,739,047	866,371	868,604	771,255	914,306	950,778	349,274	580,609	648,032	1,131,434	1,267,835	1,558,331	760,863	760,747
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	36,559	0	0	0	0	0	0	0	0	0	0	0	11,025	10,240	0
other current liabilities	2,679,851	1,097,334	1,556,111	1,302,605	1,609,608	1,691,671	1,402,485	1,052,475	1,371,257	1,215,760	1,464,216	1,279,482	959,201	849,233	877,625
total current liabilities	4,715,129	3,034,676	2,455,815	2,171,209	2,752,640	2,605,977	2,866,953	1,664,566	2,333,791	2,205,059	2,809,954	3,006,217	3,045,260	2,126,864	2,097,040
loans	0	0	216,667	0	0	0	0	0	3,473	46,081	116,933	184,571	131,547	0	0
hp & lease commitments	206,820	0	0	0	0	0	0	0	0	0	0	0	3,135	14,160	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	12,039	4,678	8,050	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	218,859	4,678	224,717	0	0	0	0	0	3,473	46,081	116,933	184,571	134,682	14,160	0
total liabilities	4,933,988	3,039,354	2,680,532	2,171,209	2,752,640	2,605,977	2,866,953	1,664,566	2,337,264	2,251,140	2,926,887	3,190,788	3,179,942	2,141,024	2,097,040
net assets	3,618,104	3,611,862	3,368,907	2,761,448	2,376,385	2,255,150	1,889,943	1,899,041	2,121,077	1,538,988	1,471,106	1,229,180	1,160,704	1,110,223	1,480,549
total shareholders funds	3,618,104	3,611,862	3,368,907	2,761,448	2,376,385	2,255,150	1,889,943	1,899,041	2,121,077	1,538,988	1,471,106	1,229,180	1,160,704	1,110,223	1,480,549

	Dec 2023	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	113,505	256,074	813,848	224,930	208,482	482,026	62,167	-125,652	905,527	868,720	479,549	212,861	153,783	-430,688	533,790
Depreciation	63,552	18,483	18,220	9,661	744	2,489	4,772	5,391	6,097	5,590	261,879	4,888	12,302	14,265	5,258
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-75,307	13,783	-197,048	163,562	-72,220	-98,491	-28,658	43,249	-167,571	-160,430	-86,876	-47,270	-15,184	114,284	-169,031
Stock	188,566	-85,537	133,035	-16,786	-34,029	46,067	26,018	-21,401	21,474	-99,527	101,266	7,774	58,979	0	0
Debtors	1,472,688	1,334,626	479,368	-353,064	454,932	-91,608	1,171,657	-867,942	647,179	-510,789	-119,346	121,748	1,009,165	-347,752	3,554,703
Creditors	234,481	872,676	-2,233	97,349	-143,051	-36,472	601,504	-231,335	-67,423	-483,402	-136,401	-290,496	797,468	116	760,747
Accruals and Deferred Income	1,582,517	-458,777	253,506	-307,003	-82,063	289,186	350,010	-318,782	155,497	-248,456	184,734	320,281	109,968	-28,392	877,625
Deferred Taxes & Provisions	7,361	-3,372	8,050	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	264,855	-550,222	281,940	558,349	-509,011	684,279	-207,880	262,214	163,474	592,338	720,965	70,742	-9,807	17,337	-1,546,314
Investing Activities
capital expenditure	0	0	0	-71,913	0	0	-386	0	-5,657	-8,044	-257,983	15,306	-3,549	-51,174	-12,645
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	-71,913	0	0	-386	0	-5,657	-8,044	-257,983	15,306	-3,549	-51,174	-12,645
Financing Activities
Bank loans	0	-33,333	33,333	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	-216,667	216,667	0	0	0	0	-3,473	-42,608	-70,852	-67,638	53,024	131,547	0	0
Hire Purchase and Lease Commitments	243,379	0	0	0	0	0	0	0	0	0	0	-14,160	-10,240	24,400	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	50	0	0	0	0	0	0	1,146,434
interest	-31,956	-26,902	-9,341	-3,429	-15,027	-18,328	-42,607	-139,683	-155,867	-170,408	-150,747	-97,115	-88,118	-53,922	-30,644
cash flow from financing	211,423	-276,902	240,659	-3,429	-15,027	-18,328	-42,607	-143,106	-198,475	-241,260	-218,385	-58,251	33,189	-29,522	1,115,790
cash and cash equivalents
cash	0	-628,829	517,599	111,230	-152,261	152,261	0	0	0	-3	1	-30,006	30,008	-15,499	15,499
overdraft	-173,104	198,295	0	-371,777	371,777	-513,690	250,873	-119,108	40,658	126,963	-244,596	-57,803	10,175	47,860	458,668
change in cash	173,104	-827,124	517,599	483,007	-524,038	665,951	-250,873	119,108	-40,658	-126,966	244,597	27,797	19,833	-63,359	-443,169

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GUNITE (EASTERN) LIMITED group structure

Gunite (Eastern) Limited has no subsidiary companies.

Ultimate parent company

TECHCRETE LIMITED

02071631

1 parent

GUNITE (EASTERN) LIMITED

02702580

GUNITE (EASTERN) LIMITED Shareholders

techcrete limited	80%
tim ellis	10%
matthew otter	10%

Gunite (Eastern) Limited currently has 3 directors. The longest serving directors include Mr Jeremy Otter (Apr 1992) and Mr Matthew Otter (Jan 2011).

officer	age	start	end	role
Mr Jeremy Otter	71 years	Apr 1992	-	Director
Mr Matthew Otter	40 years	Jan 2011	-	Director
Mr Timothy Ellis	62 years	Jan 2011	-	Director

P&L

December 2023

turnover

21m

+33%

operating profit

113.5k

-56%

gross margin

18.3%

-16.45%

turnover

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

Balance Sheet

December 2023

net assets

3.6m

total assets

8.6m

+0.29%

cash

net assets

Total assets minus all liabilities

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company number

02702580

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

April 1992

ultimate parent company

TECHCRETE LIMITED

previous names

N/A

address

409-411 croydon road, beckenham, kent, BR3 3PP

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 6 charges/mortgages relating to gunite (eastern) limited. Currently there are 1 open charges and 5 have been satisfied in the past.

gunite (eastern) limited Company Information

gunite (eastern) limited Estimated Valuation

gunite (eastern) limited Estimated Valuation

gunite (eastern) limited Estimated Valuation

Gunite (eastern) Limited Overview

Gunite (eastern) Limited Health Check

GUNITE (EASTERN) LIMITED financials

gunite (eastern) limited Credit Report and Business Information

Gunite (eastern) Limited Competitor Analysis

gunite (eastern) limited Ownership

gunite (eastern) limited directors

gunite (eastern) limited company details

gunite (eastern) limited Charges & Mortgages

gunite (eastern) limited Companies House Filings - See Documents