Gb Inspection Systems Limited

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gb inspection systems limited Company Information

Live

MatureSmallDeclining

Company Number

03021497

Website

www.gbinspection.com

Registered Address

gb inspection systems ltd, 22a burntwood business park, burntwood, staffordshire, WS7 3GL

Industry

Manufacture of other electrical equipment

Telephone

01213515025

Next Accounts Due

December 2024

Group Structure

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Directors

Ernest Hill11 Years

Deborah Hill11 Years

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Shareholders

bowmonk ltd 60%

sharon simpson 10%

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gb inspection systems limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of GB INSPECTION SYSTEMS LIMITED at £1.3m based on Net Assets of £626.2k and 2.05x industry multiple (adjusted for liquidity).

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Gb Inspection Systems Limited is a live company located in burntwood, WS7 3GL with a Companies House number of 03021497. It operates in the manufacture of other electrical equipment sector, SIC Code 27900. Founded in February 1995, it's largest shareholder is bowmonk ltd with a 60% stake. Gb Inspection Systems Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Gb Inspection Systems Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

2 Strong

1 Regular

9 Weak

Size

annual sales of £1.3m, make it smaller than the average company (£12.8m)

Growth

3 year (CAGR) sales growth of -5%, show it is growing at a slower rate (3.8%)

EXPORT

Gb Inspection Systems Limited's latest turnover from March 2023 is estimated at £1.3 million and the company has net assets of £626.2 thousand. According to their latest financial statements, Gb Inspection Systems Limited has 16 employees and maintains cash reserves of £1.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,250,777	1,248,401	1,380,297	1,442,694	1,070,089	962,014	860,642	746,157	436,365	431,816	318,962	278,616	282,085	378,067
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	959,083	941,257	1,062,936	1,116,447	821,620	720,677	631,640	550,215	322,415	326,483	241,278	211,009	214,758	285,959
Gross Profit	291,694	307,144	317,361	326,247	248,469	241,336	229,002	195,942	113,950	105,333	77,684	67,607	67,327	92,108
Admin Expenses	305,098	195,037	189,855	141,718	243,389	206,653	198,141	264,430	84,230	-24,722	408,074	-85,935	17,810	-403,200
Operating Profit	-13,404	112,107	127,506	184,529	5,080	34,683	30,861	-68,488	29,720	130,055	-330,390	153,542	49,517	495,308
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	51	10	4	3	11	12	5	84	230	165	1,024	1,695	1,436	748
Pre-Tax Profit	-13,353	112,116	127,510	184,532	5,091	34,695	30,866	-68,404	29,949	130,219	-329,366	155,237	50,953	496,056
Tax	0	-21,302	-24,227	-35,061	-967	-6,592	-6,173	0	-6,289	-29,950	0	-37,257	-13,248	-138,896
Profit After Tax	-13,353	90,814	103,283	149,471	4,124	28,103	24,693	-68,404	23,660	100,269	-329,366	117,980	37,705	357,160
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-13,353	90,814	103,283	149,471	4,124	28,103	24,693	-68,404	23,660	100,269	-329,366	117,980	37,705	357,160
Employee Costs	767,665	627,667	734,085	881,631	764,860	713,209	641,943	567,816	73,549	107,132	70,290	69,922	67,744	67,693
Number Of Employees	16	14	17	21	18	17	16	15	2	3	2	2	2	2
EBITDA*	15,328	141,789	163,523	218,907	42,376	68,667	89,424	-7,634	65,914	157,597	-306,406	182,067	82,921	525,241

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	115,370	139,495	144,599	137,021	151,466	114,033	128,913	139,351	53,187	57,326	10,216	23,562	28,087	37,491
Intangible Assets	1	1	1	1	1	1	2,000	26,000	50,000	74,000	98,000	120,000	144,000	168,000
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	115,371	139,496	144,600	137,022	151,467	114,034	130,913	165,351	103,187	131,326	108,216	143,562	172,087	205,491
Stock & work in progress	984,817	979,268	830,058	702,734	456,195	408,674	317,627	167,022	156,025	148,290	32,097	19,470	16,180	17,435
Trade Debtors	127,690	135,143	197,594	148,474	159,014	116,341	118,020	130,009	122,976	100,761	114,144	71,735	72,479	78,586
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	1,229	1,160	1,384	5,824	967	1,987	2,971	867	32,561	59,330	6,587	402,887	275,161	299,141
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,113,736	1,115,571	1,029,036	857,032	616,176	527,002	438,618	297,898	311,562	308,381	152,828	494,092	363,820	395,162
total assets	1,229,107	1,255,067	1,173,636	994,054	767,643	641,036	569,531	463,249	414,749	439,707	261,044	637,654	535,907	600,653
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	523,155	485,840	451,598	500,720	187,436	304,980	235,369	111,840	96,604	144,773	77,465	124,709	140,942	243,393
Group/Directors Accounts	0	0	0	0	210,384	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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	523,155	485,840	451,598	500,720	397,820	304,980	235,369	111,840	96,604	144,773	77,465	124,709	140,942	243,393
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	79,713	129,635	173,260	47,839	73,799	44,156	70,365	100,279	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	12,026	10,637	11,086	0	0	0	0
total long term liabilities	79,713	129,635	173,260	47,839	73,799	44,156	70,365	112,305	10,637	11,086	0	0	0	0
total liabilities	602,868	615,475	624,858	548,559	471,619	349,136	305,734	224,145	107,241	155,859	77,465	124,709	140,942	243,393
net assets	626,239	639,592	548,778	445,495	296,024	291,900	263,797	239,104	307,508	283,848	183,579	512,945	394,965	357,260
total shareholders funds	626,239	639,592	548,778	445,495	296,024	291,900	263,797	239,104	307,508	283,848	183,579	512,945	394,965	357,260

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-13,404	112,107	127,506	184,529	5,080	34,683	30,861	-68,488	29,720	130,055	-330,390	153,542	49,517	495,308
Depreciation	28,732	29,682	36,017	34,378	37,296	31,985	34,563	36,854	12,194	3,542	1,984	4,525	9,404	5,933
Amortisation	0	0	0	0	0	1,999	24,000	24,000	24,000	24,000	22,000	24,000	24,000	24,000
Tax	0	-21,302	-24,227	-35,061	-967	-6,592	-6,173	0	-6,289	-29,950	0	-37,257	-13,248	-138,896
Stock	5,549	149,210	127,324	246,539	47,521	91,047	150,605	10,997	7,735	116,193	12,627	3,290	-1,255	17,435
Debtors	-7,453	-62,451	49,120	-10,540	42,673	-1,679	-11,989	7,033	22,215	-13,383	42,409	-744	-6,107	78,586
Creditors	37,315	34,242	-49,122	313,284	-117,544	69,611	123,529	15,236	-48,169	67,308	-47,244	-16,233	-102,451	243,393
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	-12,026	1,389	-449	11,086	0	0	0	0
Cash flow from operations	54,547	67,970	-86,270	261,131	-166,329	42,318	56,138	-9,039	-18,943	103,231	-408,686	126,031	-25,416	533,717
Investing Activities
capital expenditure	-4,607	-24,578	-43,595	-19,933	-74,729	-17,105	-24,125	-123,018	-8,055	-50,652	11,362	0	0	-235,424
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-4,607	-24,578	-43,595	-19,933	-74,729	-17,105	-24,125	-123,018	-8,055	-50,652	11,362	0	0	-235,424
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-210,384	210,384	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	-49,922	-43,625	125,421	-25,960	29,643	-26,209	-29,914	100,279	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	51	10	4	3	11	12	5	84	230	165	1,024	1,695	1,436	748
cash flow from financing	-49,871	-43,615	125,425	-236,341	240,038	-26,197	-29,909	100,363	230	165	1,024	1,695	1,436	848
cash and cash equivalents
cash	69	-224	-4,440	4,857	-1,020	-984	2,104	-31,694	-26,769	52,743	-396,300	127,726	-23,980	299,141
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	69	-224	-4,440	4,857	-1,020	-984	2,104	-31,694	-26,769	52,743	-396,300	127,726	-23,980	299,141

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GB INSPECTION SYSTEMS LIMITED group structure

Gb Inspection Systems Limited has no subsidiary companies.

Ultimate parent company

BOWMONK LIMITED

00894982

1 parent

GB INSPECTION SYSTEMS LIMITED

03021497

GB INSPECTION SYSTEMS LIMITED Shareholders

bowmonk ltd	60%
sharon simpson	10%
ernest hill	10%
deborah hill	10%
kim watts	10%

Gb Inspection Systems Limited currently has 4 directors. The longest serving directors include Mr Ernest Hill (Oct 2012) and Ms Deborah Hill (Oct 2012).

officer	country	age	start	end	role
Mr Ernest Hill		65 years	Oct 2012	-	Director
Ms Deborah Hill		64 years	Oct 2012	-	Director
Mrs Sharon Simpson	United Kingdom	58 years	Sep 2016	-	Director
Mrs Kim Watts		62 years	Sep 2016	-	Director

P&L

March 2023

turnover

1.3m

operating profit

-13.4k

gross margin

23.4%

-5.21%

turnover

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

Balance Sheet

March 2023

net assets

626.2k

-0.02%

total assets

1.2m

-0.02%

cash

1.2k

+0.06%

net assets

Total assets minus all liabilities

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company number

03021497

Type

Private limited with Share Capital

industry

27900 - Manufacture of other electrical equipment

incorporation date

February 1995

accounts

Unaudited Abridged

ultimate parent company

BOWMONK LIMITED

previous names

N/A

last accounts submitted

March 2023

address

gb inspection systems ltd, 22a burntwood business park, burntwood, staffordshire, WS7 3GL

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gb inspection systems limited Company Information

gb inspection systems limited Estimated Valuation

gb inspection systems limited Estimated Valuation

gb inspection systems limited Estimated Valuation

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