g.s. contracts (joinery) limited

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g.s. contracts (joinery) limited Company Information

Share G.S. CONTRACTS (JOINERY) LIMITED

Company Number

02734245

Shareholders

steelwoodgroup ltd

Group Structure

View All

Industry

Joinery installation

 

Registered Address

unit 1, guildprime business centre, great burstead, essex, CM11 2PZ

g.s. contracts (joinery) limited Estimated Valuation

£1.3m

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

£0

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

£332.1k

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

Health Check Image
Health Rating3.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

5 Weak

size

Size

annual sales of £5.1m, make it larger than the average company (£374.3k)

£5.1m - G.s. Contracts (joinery) Limited

£374.3k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (7.7%)

24% - G.s. Contracts (joinery) Limited

7.7% - Industry AVG

production

Production

with a gross margin of 27.5%, this company has a comparable cost of product (27.5%)

27.5% - G.s. Contracts (joinery) Limited

27.5% - Industry AVG

profitability

Profitability

an operating margin of -3% make it less profitable than the average company (5.7%)

-3% - G.s. Contracts (joinery) Limited

5.7% - Industry AVG

employees

Employees

with 26 employees, this is above the industry average (3)

26 - G.s. Contracts (joinery) Limited

3 - Industry AVG

paystructure

Pay Structure

on an average salary of £29.9k, the company has an equivalent pay structure (£29.9k)

£29.9k - G.s. Contracts (joinery) Limited

£29.9k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £194.5k, this is more efficient (£125.7k)

£194.5k - G.s. Contracts (joinery) Limited

£125.7k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 92 days, this is later than average (50 days)

92 days - G.s. Contracts (joinery) Limited

50 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 29 days, this is quicker than average (37 days)

29 days - G.s. Contracts (joinery) Limited

37 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 4 days, this is less than average (17 days)

4 days - G.s. Contracts (joinery) Limited

17 days - Industry AVG

cashbalance

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

debtlevel

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

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover5,055,9074,632,1153,121,0932,649,4435,363,2394,625,7963,842,1823,134,6304,163,4263,931,2334,291,5121,824,1492,595,6223,043,6810
Other Income Or Grants000000000000000
Cost Of Sales3,663,2803,460,0432,331,8521,927,5504,188,6983,196,7892,672,0942,192,0672,831,1902,665,1042,653,9941,162,1481,658,7051,930,4920
Gross Profit1,392,6261,172,073789,240721,8931,174,5411,429,0071,170,088942,5631,332,2361,266,1291,637,518662,001936,9171,113,1890
Admin Expenses1,545,259616,405780,532856,038984,8221,426,5361,441,5581,015,6801,122,1181,271,4991,558,109814,6961,006,2251,132,130-1,072,320
Operating Profit-152,633555,6688,708-134,145189,7192,471-271,470-73,117210,118-5,37079,409-152,695-69,308-18,9411,072,320
Interest Payable24,28127,15420,96413,5154,77411,8897,8201,9001,14410634958534100
Interest Receivable33,32819,9405281801335556222548711,1875729231,183985554
Pre-Tax Profit-143,586548,454-11,727-147,480185,078-8,863-278,668-74,763209,845-4,28979,632-152,357-68,467-17,9561,072,874
Tax0-104,206008,821000-41,9690-18,315000-300,405
Profit After Tax-143,586444,248-11,727-147,480193,899-8,863-278,668-74,763167,876-4,28961,317-152,357-68,467-17,956772,469
Dividends Paid0000558,5000000000000
Retained Profit-143,586444,248-11,727-147,480-364,601-8,863-278,668-74,763167,876-4,28961,317-152,357-68,467-17,956772,469
Employee Costs776,5601,055,7761,391,9441,614,1741,743,2401,848,0301,889,6682,105,7952,344,448759,1851,022,555416,373600,415672,4880
Number Of Employees26334747474955565622281219210
EBITDA*-114,584572,22342,926-134,145207,92920,138-252,265-51,412244,24431,245107,108-123,034-35,99920,0481,131,126

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets77,60373,10981,02197,310107,19394,226103,913120,189591,556609,864537,812560,746583,045607,956632,828
Intangible Assets189,62799,3280000000000000
Investments & Other000000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets267,230172,43781,02197,310107,19394,226103,913120,189591,556609,864537,812560,746583,045607,956632,828
Stock & work in progress41,36025,77325,41225,41245,71849,55618,66175,39419,73342,06330,99224,98117,07313,16917,968
Trade Debtors1,274,974923,466562,539348,912393,026633,486400,121310,055539,468457,338572,229257,569362,458511,938678,874
Group Debtors079,94241,9425,2410461,450662,740447,6400000000
Misc Debtors8,40242,755145,974119,065158,826144,412222,871150,118270,706000000
Cash193,0891,076,55562,896359,8351068,20179,727169,08334,139314,251160,55768,402300,804172,274221,573
misc current assets000000000000000
total current assets1,517,8252,148,491838,763858,465597,5801,357,1051,384,1201,152,290864,046813,652763,778350,952680,335697,381918,415
total assets1,785,0552,320,928919,784955,775704,7731,451,3311,488,0331,272,4791,455,6021,423,5161,301,590911,6981,263,3801,305,3371,551,243
Bank overdraft000072,49014,8596,92110,1319,521000000
Bank loan70,00070,00070,00029,66320,6160000000000
Trade Creditors 296,640715,834325,757254,614289,560448,177444,705184,173215,015588,984508,562170,895360,980308,413494,704
Group/Directors Accounts45,6310007160000000000
other short term finances000000000000000
hp & lease commitments16,04530,7013,4436,7906,1510000000000
other current liabilities985,035904,386382,379456,606252,603451,593402,226357,926388,345000000
total current liabilities1,413,3511,720,921781,579747,673642,136914,629853,852552,230612,881588,984508,562170,895360,980308,413494,704
loans110,833180,833250,833320,3380122,396208,07915,47925,67403,2507,50010,50000
hp & lease commitments69,13885,18203,44211,3850000000000
Accruals and Deferred Income000000000000000
other liabilities000000005,08358,38515,54314,75215,14245,32080,211
provisions18,47617,14914,777019,45017,90320,83620,83653,26725,51214,74515,85617,18419,04218,975
total long term liabilities198,447283,164265,610323,78030,835140,299228,91536,31584,02483,89733,53838,10842,82664,36299,186
total liabilities1,611,7982,004,0851,047,1891,071,453672,9711,054,9281,082,767588,545696,905672,881542,100209,003403,806372,775593,890
net assets173,257316,843-127,405-115,67831,802396,403405,266683,934758,697750,635759,490702,695859,574932,562957,353
total shareholders funds173,257316,843-127,405-115,67831,802396,403405,266683,934758,697750,635759,490702,695859,574932,562957,353
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-152,633555,6688,708-134,145189,7192,471-271,470-73,117210,118-5,37079,409-152,695-69,308-18,9411,072,320
Depreciation21,49416,55534,218018,21017,66719,20521,70534,12636,61527,69929,66133,30938,98958,806
Amortisation16,55500000000000000
Tax0-104,206008,821000-41,9690-18,315000-300,405
Stock15,5873610-20,306-3,83830,895-56,73355,661-22,33011,0716,0117,9083,904-4,79917,968
Debtors237,213295,708277,237-78,634-687,496-46,384377,91997,639352,836-114,891314,660-104,889-149,480-166,936678,874
Creditors-419,194390,07771,143-34,946-158,6173,472260,532-30,842-373,96980,422337,667-190,08552,567-186,291494,704
Accruals and Deferred Income80,649522,007-74,227204,003-198,99049,36744,300-30,419388,345000000
Deferred Taxes & Provisions1,3272,37214,777-19,4501,547-2,9330-32,43127,75510,767-1,111-1,328-1,8586718,975
Cash flow from operations-704,6021,086,404-222,618114,402552,02485,533-268,619-298,404-86,100226,254104,678-217,466160,2865,559647,558
Investing Activities
capital expenditure-132,842-107,971-17,9299,883-31,177-7,980-2,929449,662-15,818-108,667-4,765-7,362-8,398-14,117-691,634
Change in Investments000000000000000
cash flow from investments-132,842-107,971-17,9299,883-31,177-7,980-2,929449,662-15,818-108,667-4,765-7,362-8,398-14,117-691,634
Financing Activities
Bank loans0040,3379,04720,6160000000000
Group/Directors Accounts45,63100-7167160000000000
Other Short Term Loans 000000000000000
Long term loans-70,000-70,000-69,505320,338-122,396-85,683192,600-10,19525,674-3,250-4,250-3,00010,50000
Hire Purchase and Lease Commitments-30,700112,440-6,789-7,30417,5360000000000
other long term liabilities0000000-5,083-53,30242,842791-390-30,178-34,89180,211
share issue00000000-159,814-4,566-4,522-4,522-4,521-6,835184,884
interest9,047-7,214-20,436-13,335-4,641-11,334-7,198-1,646-2731,081223338842985554
cash flow from financing-46,02235,226-56,393308,030-88,169-97,017185,402-16,924-187,71536,107-7,758-7,574-23,357-40,741265,649
cash and cash equivalents
cash-883,4661,013,659-296,939359,825-68,191-11,526-89,356134,944-280,112153,69492,155-232,402128,530-49,299221,573
overdraft000-72,49057,6317,938-3,2106109,521000000
change in cash-883,4661,013,659-296,939432,315-125,822-19,464-86,146134,334-289,633153,69492,155-232,402128,530-49,299221,573

g.s. contracts (joinery) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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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 Shareholders

steelwoodgroup ltd 100%

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).

officercountryagestartendrole
Mr Ian ElseyEngland54 years Jun 2020- Director
Mr Lewis ElseyEngland30 years Jun 2020- Director

P&L

December 2023

turnover

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 2023

net 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

STEELWOODGROUP LTD

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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