g.s. contracts (joinery) limited Company Information
Company Number
02734245
Next Accounts
Sep 2025
Shareholders
steelwoodgroup ltd
Group Structure
View All
Industry
Joinery installation
Registered Address
unit 1, guildprime business centre, great burstead, essex, CM11 2PZ
Website
www.gscontracts.comg.s. contracts (joinery) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. CONTRACTS (JOINERY) LIMITED at £1.3m based on a Turnover of £5.1m and 0.25x industry multiple (adjusted for size and gross margin).
g.s. contracts (joinery) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. CONTRACTS (JOINERY) LIMITED at £0 based on an EBITDA of £-114.6k and a 3.08x industry multiple (adjusted for size and gross margin).
g.s. contracts (joinery) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. CONTRACTS (JOINERY) LIMITED at £332.1k based on Net Assets of £173.3k and 1.92x industry multiple (adjusted for liquidity).
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G.s. Contracts (joinery) Limited Overview
G.s. Contracts (joinery) Limited is a live company located in great burstead, CM11 2PZ with a Companies House number of 02734245. It operates in the joinery installation sector, SIC Code 43320. Founded in July 1992, it's largest shareholder is steelwoodgroup ltd with a 100% stake. G.s. Contracts (joinery) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with high growth in recent years.
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G.s. Contracts (joinery) Limited Health Check
Pomanda's financial health check has awarded G.S. Contracts (Joinery) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
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5 Strong
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2 Regular
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5 Weak
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Size
annual sales of £5.1m, make it larger than the average company (£374.3k)
- G.s. Contracts (joinery) Limited
£374.3k - Industry AVG
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Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.7%)
- G.s. Contracts (joinery) Limited
7.7% - Industry AVG
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Production
with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)
- G.s. Contracts (joinery) Limited
27.5% - Industry AVG
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Profitability
an operating margin of -3% make it less profitable than the average company (5.7%)
- G.s. Contracts (joinery) Limited
5.7% - Industry AVG
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Employees
with 26 employees, this is above the industry average (3)
26 - G.s. Contracts (joinery) Limited
3 - Industry AVG
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Pay Structure
on an average salary of £29.9k, the company has an equivalent pay structure (£29.9k)
- G.s. Contracts (joinery) Limited
£29.9k - Industry AVG
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Efficiency
resulting in sales per employee of £194.5k, this is more efficient (£125.7k)
- G.s. Contracts (joinery) Limited
£125.7k - Industry AVG
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Debtor Days
it gets paid by customers after 92 days, this is later than average (50 days)
- G.s. Contracts (joinery) Limited
50 days - Industry AVG
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Creditor Days
its suppliers are paid after 29 days, this is quicker than average (37 days)
- G.s. Contracts (joinery) Limited
37 days - Industry AVG
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Stock Days
it holds stock equivalent to 4 days, this is less than average (17 days)
- G.s. Contracts (joinery) Limited
17 days - Industry AVG
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Cash Balance
has cash to cover current liabilities for 7 weeks, this is less cash available to meet short term requirements (28 weeks)
7 weeks - G.s. Contracts (joinery) Limited
28 weeks - Industry AVG
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Debt Level
it has a ratio of liabilities to total assets of 90.3%, this is a higher level of debt than the average (52.8%)
90.3% - G.s. Contracts (joinery) Limited
52.8% - Industry AVG
G.S. CONTRACTS (JOINERY) LIMITED financials
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G.S. Contracts (Joinery) Limited's latest turnover from December 2023 is estimated at £5.1 million and the company has net assets of £173.3 thousand. According to their latest financial statements, G.S. Contracts (Joinery) Limited has 26 employees and maintains cash reserves of £193.1 thousand 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 | 5,363,239 | ||||||||||||||
Other Income Or Grants | 0 | ||||||||||||||
Cost Of Sales | 4,188,698 | ||||||||||||||
Gross Profit | 1,174,541 | ||||||||||||||
Admin Expenses | 984,822 | ||||||||||||||
Operating Profit | 189,719 | ||||||||||||||
Interest Payable | 4,774 | ||||||||||||||
Interest Receivable | 133 | ||||||||||||||
Pre-Tax Profit | 185,078 | ||||||||||||||
Tax | 8,821 | ||||||||||||||
Profit After Tax | 193,899 | ||||||||||||||
Dividends Paid | 558,500 | ||||||||||||||
Retained Profit | -364,601 | ||||||||||||||
Employee Costs | 1,743,240 | ||||||||||||||
Number Of Employees | 26 | 33 | 47 | 47 | 47 | 49 | 55 | 56 | 56 | ||||||
EBITDA* | 207,929 |
* 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 | 77,603 | 73,109 | 81,021 | 97,310 | 107,193 | 94,226 | 103,913 | 120,189 | 591,556 | 609,864 | 537,812 | 560,746 | 583,045 | 607,956 | 632,828 |
Intangible Assets | 189,627 | 99,328 | 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 | 267,230 | 172,437 | 81,021 | 97,310 | 107,193 | 94,226 | 103,913 | 120,189 | 591,556 | 609,864 | 537,812 | 560,746 | 583,045 | 607,956 | 632,828 |
Stock & work in progress | 41,360 | 25,773 | 25,412 | 25,412 | 45,718 | 49,556 | 18,661 | 75,394 | 19,733 | 42,063 | 30,992 | 24,981 | 17,073 | 13,169 | 17,968 |
Trade Debtors | 1,274,974 | 923,466 | 562,539 | 348,912 | 393,026 | 633,486 | 400,121 | 310,055 | 539,468 | 457,338 | 572,229 | 257,569 | 362,458 | 511,938 | 678,874 |
Group Debtors | 0 | 79,942 | 41,942 | 5,241 | 0 | 461,450 | 662,740 | 447,640 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 8,402 | 42,755 | 145,974 | 119,065 | 158,826 | 144,412 | 222,871 | 150,118 | 270,706 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 193,089 | 1,076,555 | 62,896 | 359,835 | 10 | 68,201 | 79,727 | 169,083 | 34,139 | 314,251 | 160,557 | 68,402 | 300,804 | 172,274 | 221,573 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 1,517,825 | 2,148,491 | 838,763 | 858,465 | 597,580 | 1,357,105 | 1,384,120 | 1,152,290 | 864,046 | 813,652 | 763,778 | 350,952 | 680,335 | 697,381 | 918,415 |
total assets | 1,785,055 | 2,320,928 | 919,784 | 955,775 | 704,773 | 1,451,331 | 1,488,033 | 1,272,479 | 1,455,602 | 1,423,516 | 1,301,590 | 911,698 | 1,263,380 | 1,305,337 | 1,551,243 |
Bank overdraft | 0 | 0 | 0 | 0 | 72,490 | 14,859 | 6,921 | 10,131 | 9,521 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 70,000 | 70,000 | 70,000 | 29,663 | 20,616 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 296,640 | 715,834 | 325,757 | 254,614 | 289,560 | 448,177 | 444,705 | 184,173 | 215,015 | 588,984 | 508,562 | 170,895 | 360,980 | 308,413 | 494,704 |
Group/Directors Accounts | 45,631 | 0 | 0 | 0 | 716 | 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 | 16,045 | 30,701 | 3,443 | 6,790 | 6,151 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 985,035 | 904,386 | 382,379 | 456,606 | 252,603 | 451,593 | 402,226 | 357,926 | 388,345 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 1,413,351 | 1,720,921 | 781,579 | 747,673 | 642,136 | 914,629 | 853,852 | 552,230 | 612,881 | 588,984 | 508,562 | 170,895 | 360,980 | 308,413 | 494,704 |
loans | 110,833 | 180,833 | 250,833 | 320,338 | 0 | 122,396 | 208,079 | 15,479 | 25,674 | 0 | 3,250 | 7,500 | 10,500 | 0 | 0 |
hp & lease commitments | 69,138 | 85,182 | 0 | 3,442 | 11,385 | 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 | 5,083 | 58,385 | 15,543 | 14,752 | 15,142 | 45,320 | 80,211 |
provisions | 18,476 | 17,149 | 14,777 | 0 | 19,450 | 17,903 | 20,836 | 20,836 | 53,267 | 25,512 | 14,745 | 15,856 | 17,184 | 19,042 | 18,975 |
total long term liabilities | 198,447 | 283,164 | 265,610 | 323,780 | 30,835 | 140,299 | 228,915 | 36,315 | 84,024 | 83,897 | 33,538 | 38,108 | 42,826 | 64,362 | 99,186 |
total liabilities | 1,611,798 | 2,004,085 | 1,047,189 | 1,071,453 | 672,971 | 1,054,928 | 1,082,767 | 588,545 | 696,905 | 672,881 | 542,100 | 209,003 | 403,806 | 372,775 | 593,890 |
net assets | 173,257 | 316,843 | -127,405 | -115,678 | 31,802 | 396,403 | 405,266 | 683,934 | 758,697 | 750,635 | 759,490 | 702,695 | 859,574 | 932,562 | 957,353 |
total shareholders funds | 173,257 | 316,843 | -127,405 | -115,678 | 31,802 | 396,403 | 405,266 | 683,934 | 758,697 | 750,635 | 759,490 | 702,695 | 859,574 | 932,562 | 957,353 |
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 | 189,719 | ||||||||||||||
Depreciation | 21,494 | 16,555 | 34,218 | 18,210 | 17,667 | 19,205 | 21,705 | 34,126 | 36,615 | 27,699 | 29,661 | 33,309 | 38,989 | 58,806 | |
Amortisation | 16,555 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
Tax | 8,821 | ||||||||||||||
Stock | 15,587 | 361 | 0 | -20,306 | -3,838 | 30,895 | -56,733 | 55,661 | -22,330 | 11,071 | 6,011 | 7,908 | 3,904 | -4,799 | 17,968 |
Debtors | 237,213 | 295,708 | 277,237 | -78,634 | -687,496 | -46,384 | 377,919 | 97,639 | 352,836 | -114,891 | 314,660 | -104,889 | -149,480 | -166,936 | 678,874 |
Creditors | -419,194 | 390,077 | 71,143 | -34,946 | -158,617 | 3,472 | 260,532 | -30,842 | -373,969 | 80,422 | 337,667 | -190,085 | 52,567 | -186,291 | 494,704 |
Accruals and Deferred Income | 80,649 | 522,007 | -74,227 | 204,003 | -198,990 | 49,367 | 44,300 | -30,419 | 388,345 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 1,327 | 2,372 | 14,777 | -19,450 | 1,547 | -2,933 | 0 | -32,431 | 27,755 | 10,767 | -1,111 | -1,328 | -1,858 | 67 | 18,975 |
Cash flow from operations | 552,024 | ||||||||||||||
Investing Activities | |||||||||||||||
capital expenditure | |||||||||||||||
Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
cash flow from investments | |||||||||||||||
Financing Activities | |||||||||||||||
Bank loans | 0 | 0 | 40,337 | 9,047 | 20,616 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 45,631 | 0 | 0 | -716 | 716 | 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 | -70,000 | -70,000 | -69,505 | 320,338 | -122,396 | -85,683 | 192,600 | -10,195 | 25,674 | -3,250 | -4,250 | -3,000 | 10,500 | 0 | 0 |
Hire Purchase and Lease Commitments | -30,700 | 112,440 | -6,789 | -7,304 | 17,536 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,083 | -53,302 | 42,842 | 791 | -390 | -30,178 | -34,891 | 80,211 |
share issue | |||||||||||||||
interest | -4,641 | ||||||||||||||
cash flow from financing | -88,169 | ||||||||||||||
cash and cash equivalents | |||||||||||||||
cash | -883,466 | 1,013,659 | -296,939 | 359,825 | -68,191 | -11,526 | -89,356 | 134,944 | -280,112 | 153,694 | 92,155 | -232,402 | 128,530 | -49,299 | 221,573 |
overdraft | 0 | 0 | 0 | -72,490 | 57,631 | 7,938 | -3,210 | 610 | 9,521 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | -883,466 | 1,013,659 | -296,939 | 432,315 | -125,822 | -19,464 | -86,146 | 134,334 | -289,633 | 153,694 | 92,155 | -232,402 | 128,530 | -49,299 | 221,573 |
g.s. contracts (joinery) limited Credit Report and Business Information
G.s. Contracts (joinery) Limited Competitor Analysis
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Perform a competitor analysis for g.s. contracts (joinery) limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other mid companies, companies in CM11 area or any other competitors across 12 key performance metrics.
g.s. contracts (joinery) limited Ownership
G.S. CONTRACTS (JOINERY) LIMITED group structure
G.S. Contracts (Joinery) Limited has no subsidiary companies.
Ultimate parent company
STEELWOODGROUP LTD
#0165612
1 parent
G.S. CONTRACTS (JOINERY) LIMITED
02734245
g.s. contracts (joinery) limited directors
G.S. Contracts (Joinery) Limited currently has 2 directors. The longest serving directors include Mr Ian Elsey (Jun 2020) and Mr Lewis Elsey (Jun 2020).
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ian Elsey | England | 54 years | Jun 2020 | - | Director |
Mr Lewis Elsey | England | 30 years | Jun 2020 | - | Director |
P&L
December 2023turnover
5.1m
+9%
operating profit
-152.6k
0%
gross margin
27.6%
+8.86%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
173.3k
-0.45%
total assets
1.8m
-0.23%
cash
193.1k
-0.82%
net assets
Total assets minus all liabilities
g.s. contracts (joinery) limited company details
company number
02734245
Type
Private limited with Share Capital
industry
43320 - Joinery installation
incorporation date
July 1992
age
33
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
BARNES ROFFE LLP
address
unit 1, guildprime business centre, great burstead, essex, CM11 2PZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
g.s. contracts (joinery) limited Charges & Mortgages
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 g.s. contracts (joinery) limited. Currently there are 2 open charges and 4 have been satisfied in the past.
g.s. contracts (joinery) limited Capital Raised & Share Issues BETA
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.s. contracts (joinery) limited Companies House Filings - See Documents
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