Geartech (midlands) Limited

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geartech (midlands) limited Company Information

Live

MatureSmallDeclining

Company Number

02894768

Website

www.geartechltd.co.uk

Registered Address

unit 240, ikon trading estate, droitwich road,hartlebury, worcestershire, DY10 4EU

Industry

Other business support service activities n.e.c.

Telephone

01299251261

Next Accounts Due

January 2025

Group Structure

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Directors

Anthony Perkin19 Years

Louise Perkin2 Years

Shareholders

anthony perkin 51%

louise perkin 42%

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geartech (midlands) limited Estimated Valuation

£356.3k

Pomanda estimates the enterprise value of GEARTECH (MIDLANDS) LIMITED at £356.3k based on a Turnover of £634.8k and 0.56x industry multiple (adjusted for size and gross margin).

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Geartech (midlands) Limited is a live company located in droitwich road,hartlebury, DY10 4EU with a Companies House number of 02894768. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in February 1994, it's largest shareholder is anthony perkin with a 51% stake. Geartech (midlands) Limited is a mature, small sized company, Pomanda has estimated its turnover at £634.8k with declining growth in recent years.

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Pomanda's financial health check has awarded Geartech (Midlands) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £634.8k, make it smaller than the average company (£3.6m)

Growth

3 year (CAGR) sales growth of -24%, show it is growing at a slower rate (4.4%)

EXPORT

Geartech (Midlands) Limited's latest turnover from April 2023 is estimated at £634.8 thousand and the company has net assets of £255.2 thousand. According to their latest financial statements, Geartech (Midlands) Limited has 10 employees and maintains cash reserves of £79.7 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	634,786	589,428	546,660	1,437,339	1,562,788	1,229,616	1,348,213	1,317,312	329,004	291,570	309,304	293,532	379,384	336,039
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	394,303	364,548	344,844	900,457	982,388	768,844	826,203	819,310	209,134	187,720	198,634	183,233	230,205	200,162
Gross Profit	240,483	224,880	201,816	536,882	580,400	460,772	522,009	498,002	119,870	103,850	110,671	110,299	149,179	135,877
Admin Expenses	271,662	176,846	164,344	547,708	564,400	514,884	484,315	480,488	83,199	92,613	97,671	71,252	127,119	-36,802
Operating Profit	-31,179	48,034	37,472	-10,826	16,000	-54,112	37,694	17,514	36,671	11,237	13,000	39,047	22,060	172,679
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,352	826	71	0	0	0	0	225	318	372	468	444	370	115
Pre-Tax Profit	-27,827	48,860	37,543	-10,826	16,000	-54,112	37,694	17,739	36,989	11,609	13,468	39,491	22,430	172,793
Tax	0	-9,283	-7,133	0	-3,040	0	-7,162	-3,548	-7,398	-2,438	-3,098	-9,478	-5,832	-48,382
Profit After Tax	-27,827	39,577	30,410	-10,826	12,960	-54,112	30,532	14,191	29,591	9,171	10,370	30,013	16,598	124,411
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-27,827	39,577	30,410	-10,826	12,960	-54,112	30,532	14,191	29,591	9,171	10,370	30,013	16,598	124,411
Employee Costs	474,096	447,920	468,914	422,157	411,570	391,176	305,556	306,745	114,292	114,634	111,429	111,440	109,069	107,115
Number Of Employees	10	10	11	10	10	10	8	8	3	3	3	3	3	3
EBITDA*	-22,117	53,417	37,472	-10,826	16,000	-54,112	37,694	17,514	46,829	19,638	21,346	48,791	31,957	184,705

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	27,181	36,243	19,707	14,807	12,443	16,591	26,121	33,763	17,252	12,105	12,721	17,067	17,027	22,924
Intangible Assets	0	0	0	0	0	0	0	0	12,000	16,000	20,000	24,000	28,000	32,000
Investments & Other	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
Total Fixed Assets	27,181	36,243	19,707	14,807	12,443	16,591	26,121	33,763	29,252	28,105	32,721	41,067	45,027	54,924
Stock & work in progress	41,500	41,250	40,500	0	0	0	0	0	42,897	61,967	66,185	71,480	84,072	101,790
Trade Debtors	48,516	54,465	38,627	259,216	295,827	229,054	282,351	255,579	34,850	29,033	26,141	30,581	20,211	18,085
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	106,650	106,296	3,795	0	0	0	0	0	0	0	0	0	0	0
Cash	79,672	78,083	142,280	0	0	0	0	0	89,906	37,136	111,768	75,379	102,215	45,803
misc current assets	75,996	76,511	77,019	0	0	0	0	0	79,200	79,200	0	0	0	0
total current assets	352,334	356,605	302,221	259,216	295,827	229,054	282,351	255,579	246,853	207,336	204,094	177,440	206,498	165,678
total assets	379,515	392,848	321,928	274,023	308,270	245,645	308,472	289,342	276,105	235,441	236,815	218,507	251,525	220,602
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	11,813	8,578	7,292	61,124	84,545	34,880	43,595	49,255	52,401	42,357	52,769	43,972	107,389	91,963
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	105,747	92,223	67,483	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	117,560	100,801	74,775	61,124	84,545	34,880	43,595	49,255	52,401	42,357	52,769	43,972	107,389	91,963
loans	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
Accruals and Deferred Income	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
provisions	6,796	9,061	3,744	0	0	0	0	5,742	3,450	2,421	2,554	3,413	3,027	4,128
total long term liabilities	6,796	9,061	3,744	0	0	0	0	5,742	3,450	2,421	2,554	3,413	3,027	4,128
total liabilities	124,356	109,862	78,519	61,124	84,545	34,880	43,595	54,997	55,851	44,778	55,323	47,385	110,416	96,091
net assets	255,159	282,986	243,409	212,899	223,725	210,765	264,877	234,345	220,254	190,663	181,492	171,122	141,109	124,511
total shareholders funds	255,159	282,986	243,409	212,899	223,725	210,765	264,877	234,345	220,254	190,663	181,492	171,122	141,109	124,511

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-31,179	48,034	37,472	-10,826	16,000	-54,112	37,694	17,514	36,671	11,237	13,000	39,047	22,060	172,679
Depreciation	9,062	5,383	0	0	0	0	0	0	6,158	4,401	4,346	5,744	5,897	8,026
Amortisation	0	0	0	0	0	0	0	0	4,000	4,000	4,000	4,000	4,000	4,000
Tax	0	-9,283	-7,133	0	-3,040	0	-7,162	-3,548	-7,398	-2,438	-3,098	-9,478	-5,832	-48,382
Stock	250	750	40,500	0	0	0	0	-42,897	-19,070	-4,218	-5,295	-12,592	-17,718	101,790
Debtors	-5,595	118,339	-216,794	-36,611	66,773	-53,297	26,772	220,729	5,817	2,892	-4,440	10,370	2,126	18,085
Creditors	3,235	1,286	-53,832	-23,421	49,665	-8,715	-5,660	-3,146	10,044	-10,412	8,797	-63,417	15,426	91,963
Accruals and Deferred Income	13,524	24,740	67,483	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,265	5,317	3,744	0	0	0	-5,742	2,292	1,029	-133	-859	386	-1,101	4,128
Cash flow from operations	-2,278	-43,612	224,028	2,364	-4,148	-9,530	-7,642	-164,720	63,757	7,981	35,921	-21,496	56,042	112,539
Investing Activities
capital expenditure	0	-21,919	-4,900	-2,364	4,148	9,530	7,642	-4,511	-11,305	-3,785	0	-5,784	0	-66,950
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-21,919	-4,900	-2,364	4,148	9,530	7,642	-4,511	-11,305	-3,785	0	-5,784	0	-66,950
Financing Activities
Bank loans	0	0	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
Other Short Term Loans	0	0	0	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
Hire Purchase and Lease Commitments	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
share issue	0	0	100	0	0	0	0	-100	0	0	0	0	0	100
interest	3,352	826	71	0	0	0	0	225	318	372	468	444	370	115
cash flow from financing	3,352	826	171	0	0	0	0	125	318	372	468	444	370	215
cash and cash equivalents
cash	1,589	-64,197	142,280	0	0	0	0	-89,906	52,770	-74,632	36,389	-26,836	56,412	45,803
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,589	-64,197	142,280	0	0	0	0	-89,906	52,770	-74,632	36,389	-26,836	56,412	45,803

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GEARTECH (MIDLANDS) LIMITED group structure

Geartech (Midlands) Limited has no subsidiary companies.

Ultimate parent company

GEARTECH (MIDLANDS) LIMITED

02894768

GEARTECH (MIDLANDS) LIMITED Shareholders

anthony perkin	51%
louise perkin	42%
karl drinkwater	7%

Geartech (Midlands) Limited currently has 2 directors. The longest serving directors include Mr Anthony Perkin (Feb 2005) and Mrs Louise Perkin (May 2022).

officer	country	age	start	end	role
Mr Anthony Perkin		61 years	Feb 2005	-	Director
Mrs Louise Perkin	United Kingdom	55 years	May 2022	-	Director

P&L

April 2023

turnover

634.8k

+8%

operating profit

-31.2k

gross margin

37.9%

-0.7%

turnover

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

Balance Sheet

April 2023

net assets

255.2k

-0.1%

total assets

379.5k

-0.03%

cash

79.7k

+0.02%

net assets

Total assets minus all liabilities

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company number

02894768

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

February 1994

accounts

Total Exemption Full

ultimate parent company

None

previous names

gearteck limited (February 1994)

last accounts submitted

April 2023

address

unit 240, ikon trading estate, droitwich road,hartlebury, worcestershire, DY10 4EU

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.

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geartech (midlands) limited Company Information

geartech (midlands) limited Estimated Valuation

geartech (midlands) limited Estimated Valuation

geartech (midlands) limited Estimated Valuation

Geartech (midlands) Limited Overview

Geartech (midlands) Limited Health Check

GEARTECH (MIDLANDS) LIMITED financials

geartech (midlands) limited Credit Report and Business Information

Geartech (midlands) Limited Competitor Analysis

geartech (midlands) limited Ownership

geartech (midlands) limited directors

geartech (midlands) limited company details

geartech (midlands) limited Charges & Mortgages

geartech (midlands) limited Companies House Filings - See Documents