gf machining solutions ltd.
gf machining solutions ltd. Company Information
Company Number
03240378
Next Accounts
65 days late
Industry
Wholesale of machine tools
Manufacture of other machine tools
Shareholders
georg fischer ag
Group Structure
View All
Contact
Registered Address
north view, coventry, west midlands, CV2 2SJ
Website
www.gfms.comgf machining solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GF MACHINING SOLUTIONS LTD. at £14.6m based on a Turnover of £25.6m and 0.57x industry multiple (adjusted for size and gross margin).
gf machining solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GF MACHINING SOLUTIONS LTD. at £2.4m based on an EBITDA of £435.7k and a 5.59x industry multiple (adjusted for size and gross margin).
gf machining solutions ltd. Estimated Valuation
Pomanda estimates the enterprise value of GF MACHINING SOLUTIONS LTD. at £5.2m based on Net Assets of £2.3m and 2.28x industry multiple (adjusted for liquidity).
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Gf Machining Solutions Ltd. Overview
Gf Machining Solutions Ltd. is a live company located in west midlands, CV2 2SJ with a Companies House number of 03240378. It operates in the manufacture of other machine tools sector, SIC Code 28490. Founded in August 1996, it's largest shareholder is georg fischer ag with a 100% stake. Gf Machining Solutions Ltd. is a mature, large sized company, Pomanda has estimated its turnover at £25.6m with declining growth in recent years.
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Gf Machining Solutions Ltd. Health Check
Pomanda's financial health check has awarded Gf Machining Solutions Ltd. a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 9 areas for improvement. Company Health Check FAQs
3 Strong
0 Regular
9 Weak
Size
annual sales of £25.6m, make it larger than the average company (£11.1m)
£25.6m - Gf Machining Solutions Ltd.
£11.1m - Industry AVG
Growth
3 year (CAGR) sales growth of -7%, show it is growing at a slower rate (0.3%)
-7% - Gf Machining Solutions Ltd.
0.3% - Industry AVG
Production
with a gross margin of 20.6%, this company has a higher cost of product (32%)
20.6% - Gf Machining Solutions Ltd.
32% - Industry AVG
Profitability
an operating margin of 1.5% make it less profitable than the average company (4.8%)
1.5% - Gf Machining Solutions Ltd.
4.8% - Industry AVG
Employees
with 33 employees, this is below the industry average (49)
33 - Gf Machining Solutions Ltd.
49 - Industry AVG
Pay Structure
on an average salary of £69.6k, the company has a higher pay structure (£46.9k)
£69.6k - Gf Machining Solutions Ltd.
£46.9k - Industry AVG
Efficiency
resulting in sales per employee of £775.3k, this is more efficient (£223.2k)
£775.3k - Gf Machining Solutions Ltd.
£223.2k - Industry AVG
Debtor Days
it gets paid by customers after 102 days, this is later than average (64 days)
102 days - Gf Machining Solutions Ltd.
64 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (51 days)
3 days - Gf Machining Solutions Ltd.
51 days - Industry AVG
Stock Days
it holds stock equivalent to 33 days, this is less than average (91 days)
33 days - Gf Machining Solutions Ltd.
91 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (12 weeks)
3 weeks - Gf Machining Solutions Ltd.
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.9%, this is a higher level of debt than the average (47.3%)
77.9% - Gf Machining Solutions Ltd.
47.3% - Industry AVG
GF MACHINING SOLUTIONS LTD. financials
Gf Machining Solutions Ltd.'s latest turnover from December 2022 is £25.6 million and the company has net assets of £2.3 million. According to their latest financial statements, Gf Machining Solutions Ltd. has 33 employees and maintains cash reserves of £520 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 25,584,000 | 21,991,000 | 19,692,000 | 31,413,000 | 26,079,000 | 28,189,000 | 26,802,000 | 24,217,000 | 22,485,000 | 22,753,000 | 20,849,000 | 21,609,000 | 17,415,000 | 13,233,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 20,313,000 | 17,603,000 | 14,830,000 | 25,312,000 | 20,898,000 | 23,622,000 | 22,095,000 | 20,022,000 | 18,522,000 | |||||
| Gross Profit | 5,271,000 | 4,388,000 | 4,862,000 | 6,101,000 | 5,181,000 | 4,567,000 | 4,707,000 | 4,195,000 | 3,963,000 | |||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 405,000 | 490,000 | 528,000 | 158,000 | -201,000 | |||||||||
| Interest Payable | 18,000 | 23,000 | 89,000 | 97,000 | 105,000 | 91,000 | 58,000 | 26,000 | 4,000 | 0 | 0 | 0 | 4,000 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 2,000 | 5,000 | 15,000 | 25,000 | 41,000 | 81,000 | 36,000 | 15,000 |
| Pre-Tax Profit | 477,000 | 216,000 | 257,000 | 997,000 | 487,000 | 162,000 | 353,000 | 495,000 | 305,000 | 430,000 | 531,000 | 609,000 | 190,000 | -186,000 |
| Tax | -114,000 | -29,000 | -33,000 | -155,000 | -101,000 | -33,000 | -74,000 | -102,000 | -76,000 | -111,000 | -87,000 | -1,000 | 98,000 | 2,000 |
| Profit After Tax | 363,000 | 187,000 | 224,000 | 842,000 | 386,000 | 129,000 | 279,000 | 393,000 | 229,000 | 319,000 | 444,000 | 608,000 | 288,000 | -184,000 |
| Dividends Paid | 450,000 | 1,250,000 | 500,000 | 0 | 0 | 129,000 | 390,000 | 200,000 | 300,000 | 440,000 | 600,000 | 180,000 | 0 | 60,000 |
| Retained Profit | -87,000 | -1,063,000 | -276,000 | 842,000 | 386,000 | 0 | -111,000 | 193,000 | -71,000 | -121,000 | -156,000 | 428,000 | 288,000 | -244,000 |
| Employee Costs | 2,298,000 | 2,130,000 | 2,212,000 | 2,548,000 | 2,514,000 | 2,360,000 | 2,230,000 | 2,118,000 | 1,913,000 | 1,927,000 | 1,760,000 | 1,718,000 | 1,501,000 | 1,556,000 |
| Number Of Employees | 33 | 33 | 36 | 36 | 37 | 39 | 36 | 35 | 35 | 34 | 33 | 32 | 31 | 35 |
| EBITDA* | 448,000 | 536,000 | 576,000 | 208,000 | -134,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 279,000 | 225,000 | 265,000 | 307,000 | 362,000 | 392,000 | 439,000 | 482,000 | 455,000 | 499,000 | 538,000 | 551,000 | 588,000 | 638,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 6,000 | 8,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 279,000 | 225,000 | 265,000 | 307,000 | 362,000 | 398,000 | 447,000 | 497,000 | 455,000 | 499,000 | 538,000 | 551,000 | 588,000 | 638,000 |
| Stock & work in progress | 1,873,000 | 796,000 | 1,890,000 | 1,755,000 | 1,443,000 | 1,465,000 | 746,000 | 1,043,000 | 787,000 | 665,000 | 1,096,000 | 1,022,000 | 648,000 | 502,000 |
| Trade Debtors | 7,176,000 | 4,619,000 | 6,321,000 | 10,187,000 | 9,231,000 | 10,034,000 | 9,334,000 | 7,882,000 | 5,087,000 | 3,251,000 | 3,004,000 | 3,340,000 | 1,934,000 | 1,786,000 |
| Group Debtors | 40,000 | 71,000 | 46,000 | 32,000 | 24,000 | 152,000 | 20,000 | 11,000 | 3,000 | 14,000 | 30,000 | 1,622,000 | 1,599,000 | 438,000 |
| Misc Debtors | 377,000 | 434,000 | 218,000 | 261,000 | 396,000 | 592,000 | 533,000 | 366,000 | 274,000 | 194,000 | 113,000 | 149,000 | 126,000 | 88,000 |
| Cash | 520,000 | 2,533,000 | 1,778,000 | 2,722,000 | 2,496,000 | 2,443,000 | 1,380,000 | 875,000 | 1,587,000 | 3,071,000 | 3,677,000 | 1,014,000 | 1,413,000 | 1,262,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,986,000 | 8,453,000 | 10,253,000 | 14,957,000 | 13,590,000 | 14,686,000 | 12,013,000 | 10,177,000 | 7,738,000 | 7,195,000 | 7,920,000 | 7,147,000 | 5,720,000 | 4,076,000 |
| total assets | 10,265,000 | 8,678,000 | 10,518,000 | 15,264,000 | 13,952,000 | 15,084,000 | 12,460,000 | 10,674,000 | 8,193,000 | 7,694,000 | 8,458,000 | 7,698,000 | 6,308,000 | 4,714,000 |
| 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 | 180,000 | 1,367,000 | 350,000 | 795,000 | 826,000 | 784,000 | 889,000 | 1,906,000 | 460,000 | 665,000 | 721,000 | 639,000 | 367,000 | 412,000 |
| Group/Directors Accounts | 5,117,000 | 2,594,000 | 3,708,000 | 7,892,000 | 8,213,000 | 9,990,000 | 7,011,000 | 4,349,000 | 3,299,000 | 2,867,000 | 3,017,000 | 2,623,000 | 1,821,000 | 959,000 |
| 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 | 2,557,000 | 2,189,000 | 2,944,000 | 2,720,000 | 1,923,000 | 1,741,000 | 2,099,000 | 1,822,000 | 2,060,000 | 1,615,000 | 2,155,000 | 1,779,000 | 1,863,000 | 1,411,000 |
| total current liabilities | 7,854,000 | 6,150,000 | 7,002,000 | 11,407,000 | 10,962,000 | 12,515,000 | 9,999,000 | 8,077,000 | 5,819,000 | 5,147,000 | 5,893,000 | 5,041,000 | 4,051,000 | 2,782,000 |
| 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 | 147,000 | 159,000 | 84,000 | 149,000 | 124,000 | 89,000 | 111,000 | 136,000 | 106,000 | 208,000 | 105,000 | 41,000 | 69,000 | 32,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 147,000 | 159,000 | 84,000 | 149,000 | 124,000 | 89,000 | 111,000 | 136,000 | 106,000 | 208,000 | 105,000 | 41,000 | 69,000 | 32,000 |
| total liabilities | 8,001,000 | 6,309,000 | 7,086,000 | 11,556,000 | 11,086,000 | 12,604,000 | 10,110,000 | 8,213,000 | 5,925,000 | 5,355,000 | 5,998,000 | 5,082,000 | 4,120,000 | 2,814,000 |
| net assets | 2,264,000 | 2,369,000 | 3,432,000 | 3,708,000 | 2,866,000 | 2,480,000 | 2,350,000 | 2,461,000 | 2,268,000 | 2,339,000 | 2,460,000 | 2,616,000 | 2,188,000 | 1,900,000 |
| total shareholders funds | 2,264,000 | 2,369,000 | 3,432,000 | 3,708,000 | 2,866,000 | 2,480,000 | 2,350,000 | 2,461,000 | 2,268,000 | 2,339,000 | 2,460,000 | 2,616,000 | 2,188,000 | 1,900,000 |
| 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 | 405,000 | 490,000 | 528,000 | 158,000 | -201,000 | |||||||||
| Depreciation | 41,000 | 40,000 | 42,000 | 55,000 | 46,000 | 49,000 | 50,000 | 44,000 | 43,000 | 43,000 | 46,000 | 48,000 | 50,000 | 67,000 |
| Amortisation | 0 | 0 | 0 | 0 | 6,000 | 0 | 0 | 1,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -114,000 | -29,000 | -33,000 | -155,000 | -101,000 | -33,000 | -74,000 | -102,000 | -76,000 | -111,000 | -87,000 | -1,000 | 98,000 | 2,000 |
| Stock | 1,077,000 | -1,094,000 | 135,000 | 312,000 | -22,000 | 719,000 | -297,000 | 256,000 | 122,000 | -431,000 | 74,000 | 374,000 | 146,000 | 502,000 |
| Debtors | 2,469,000 | -1,461,000 | -3,895,000 | 829,000 | -1,127,000 | 891,000 | 1,628,000 | 2,895,000 | 1,905,000 | 312,000 | -1,964,000 | 1,452,000 | 1,347,000 | 2,312,000 |
| Creditors | -1,187,000 | 1,017,000 | -445,000 | -31,000 | 42,000 | -105,000 | -1,017,000 | 1,446,000 | -205,000 | -56,000 | 82,000 | 272,000 | -45,000 | 412,000 |
| Accruals and Deferred Income | 368,000 | -755,000 | 224,000 | 797,000 | 182,000 | -358,000 | 277,000 | -238,000 | 445,000 | -540,000 | 376,000 | -84,000 | 452,000 | 1,411,000 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | -140,000 | 2,797,000 | -1,063,000 | -780,000 | -1,123,000 | |||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 2,523,000 | -1,114,000 | -4,184,000 | -321,000 | -1,777,000 | 2,979,000 | 2,662,000 | 1,050,000 | 432,000 | -150,000 | 394,000 | 802,000 | 862,000 | 959,000 |
| 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 | -12,000 | 75,000 | -65,000 | 25,000 | 35,000 | -22,000 | -25,000 | 30,000 | -102,000 | 103,000 | 64,000 | -28,000 | 37,000 | 32,000 |
| share issue | ||||||||||||||
| interest | -18,000 | -23,000 | -89,000 | -97,000 | -105,000 | -91,000 | -56,000 | -21,000 | 11,000 | 25,000 | 41,000 | 81,000 | 32,000 | 15,000 |
| cash flow from financing | 2,475,000 | -1,062,000 | -4,338,000 | -393,000 | -1,847,000 | 2,996,000 | 2,581,000 | 1,059,000 | 341,000 | -22,000 | 499,000 | 855,000 | 931,000 | 3,150,000 |
| cash and cash equivalents | ||||||||||||||
| cash | -2,013,000 | 755,000 | -944,000 | 226,000 | 53,000 | 1,063,000 | 505,000 | -712,000 | -1,484,000 | -606,000 | 2,663,000 | -399,000 | 151,000 | 1,262,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -2,013,000 | 755,000 | -944,000 | 226,000 | 53,000 | 1,063,000 | 505,000 | -712,000 | -1,484,000 | -606,000 | 2,663,000 | -399,000 | 151,000 | 1,262,000 |
gf machining solutions ltd. Credit Report and Business Information
Gf Machining Solutions Ltd. Competitor Analysis
Perform a competitor analysis for gf machining solutions ltd. by selecting its closest rivals, whether from the MANUFACTURING sector, other large companies, companies in CV2 area or any other competitors across 12 key performance metrics.
gf machining solutions ltd. Ownership
GF MACHINING SOLUTIONS LTD. group structure
Gf Machining Solutions Ltd. has no subsidiary companies.
Ultimate parent company
GEORG FISCHER AG
#0000051
1 parent
GF MACHINING SOLUTIONS LTD.
03240378
gf machining solutions ltd. directors
Gf Machining Solutions Ltd. currently has 3 directors. The longest serving directors include Mr Martin Spencer (Sep 2009) and Mr Aitor Bustinduy (Mar 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martin Spencer | 63 years | Sep 2009 | - | Director | |
| Mr Aitor Bustinduy | Switzerland | 52 years | Mar 2014 | - | Director |
| Mr Antonio Faccio | Switzerland | 52 years | Jan 2016 | - | Director |
P&L
December 2022turnover
25.6m
+16%
operating profit
394.7k
0%
gross margin
20.7%
+3.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.3m
-0.04%
total assets
10.3m
+0.18%
cash
520k
-0.79%
net assets
Total assets minus all liabilities
gf machining solutions ltd. company details
company number
03240378
Type
Private limited with Share Capital
industry
46620 - Wholesale of machine tools
28490 - Manufacture of other machine tools
incorporation date
August 1996
age
28
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
agie charmilles limited (May 2014)
charmilles technologies limited (June 2001)
accountant
-
auditor
MAZARS LLP
address
north view, coventry, west midlands, CV2 2SJ
Bank
HSBC BANK PLC
Legal Advisor
-
gf machining solutions ltd. 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 did not find charges/mortgages relating to gf machining solutions ltd..
gf machining solutions ltd. Companies House Filings - See Documents
| date | description | view/download |
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