go south coast limited
go south coast limited Company Information
Company Number
03949597
Registered Address
3rd floor 41-51 grey street, newcastle upon tyne, NE1 6EE
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Telephone
01202338420
Next Accounts Due
40 days late
Group Structure
View All
Shareholders
go-ahead holding ltd 100%
go south coast limited Estimated Valuation
Pomanda estimates the enterprise value of GO SOUTH COAST LIMITED at £22.8m based on a Turnover of £105.3m and 0.22x industry multiple (adjusted for size and gross margin).
go south coast limited Estimated Valuation
Pomanda estimates the enterprise value of GO SOUTH COAST LIMITED at £29.1m based on an EBITDA of £16.4m and a 1.78x industry multiple (adjusted for size and gross margin).
go south coast limited Estimated Valuation
Pomanda estimates the enterprise value of GO SOUTH COAST LIMITED at £17.8m based on Net Assets of £7.3m and 2.45x industry multiple (adjusted for liquidity).
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Go South Coast Limited Overview
Go South Coast Limited is a live company located in newcastle upon tyne, NE1 6EE with a Companies House number of 03949597. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in March 2000, it's largest shareholder is go-ahead holding ltd with a 100% stake. Go South Coast Limited is a mature, mega sized company, Pomanda has estimated its turnover at £105.3m with declining growth in recent years.
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Go South Coast Limited Health Check
Pomanda's financial health check has awarded Go South Coast Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £105.3m, make it larger than the average company (£27.4m)
£105.3m - Go South Coast Limited
£27.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 0%, show it is growing at a faster rate (-1.6%)
- Go South Coast Limited
-1.6% - Industry AVG
Production
with a gross margin of 4.6%, this company has a comparable cost of product (4.6%)
4.6% - Go South Coast Limited
4.6% - Industry AVG
Profitability
an operating margin of 6.7% make it more profitable than the average company (1.7%)
6.7% - Go South Coast Limited
1.7% - Industry AVG
Employees
with 1661 employees, this is above the industry average (494)
1661 - Go South Coast Limited
494 - Industry AVG
Pay Structure
on an average salary of £35k, the company has an equivalent pay structure (£31.8k)
£35k - Go South Coast Limited
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £63.4k, this is equally as efficient (£56.3k)
£63.4k - Go South Coast Limited
£56.3k - Industry AVG
Debtor Days
it gets paid by customers after 14 days, this is later than average (8 days)
14 days - Go South Coast Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is slower than average (7 days)
8 days - Go South Coast Limited
7 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is more than average (4 days)
5 days - Go South Coast Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (6 weeks)
0 weeks - Go South Coast Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94%, this is a higher level of debt than the average (69.8%)
94% - Go South Coast Limited
69.8% - Industry AVG
go south coast limited Credit Report and Business Information
Go South Coast Limited Competitor Analysis
Perform a competitor analysis for go south coast limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
go south coast limited Ownership
GO SOUTH COAST LIMITED group structure
Go South Coast Limited has 12 subsidiary companies.
Ultimate parent company
GLOBALVIA INVERSIONES SA
#0003879
2 parents
GO SOUTH COAST LIMITED
03949597
12 subsidiaries
go south coast limited directors
Go South Coast Limited currently has 6 directors. The longest serving directors include Mr Steven Hamilton (Aug 2007) and Mr Andrew Wickham (Dec 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Hamilton | United Kingdom | 61 years | Aug 2007 | - | Director |
| Mr Andrew Wickham | 57 years | Dec 2011 | - | Director | |
| Mr Benjamin Murray | 47 years | Feb 2016 | - | Director | |
| Mr David Lee-Kong | United Kingdom | 41 years | May 2018 | - | Director |
| Mr Gordon Boyd | United Kingdom | 64 years | Sep 2021 | - | Director |
| Mr Martin Dean | United Kingdom | 60 years | Jun 2022 | - | Director |
GO SOUTH COAST LIMITED financials
Go South Coast Limited's latest turnover from July 2022 is £105.3 million and the company has net assets of £7.3 million. According to their latest financial statements, Go South Coast Limited has 1,661 employees and maintains cash reserves of £108 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 105,348,000 | 93,086,000 | 96,597,000 | 106,265,000 | 101,874,000 | 98,790,000 | 91,233,000 | 86,580,000 | 85,579,000 | 83,295,000 | 82,530,000 | 77,095,000 | 74,659,000 |
| Other Income Or Grants | |||||||||||||
| Cost Of Sales | |||||||||||||
| Gross Profit | |||||||||||||
| Admin Expenses | |||||||||||||
| Operating Profit | 7,049,000 | 1,811,000 | 2,361,000 | 10,972,000 | 10,225,000 | 11,761,000 | 11,028,000 | 10,365,000 | 7,923,000 | 6,246,000 | 6,146,000 | 9,858,000 | 7,267,000 |
| Interest Payable | 52,000 | 90,000 | 123,000 | 524,000 | 173,000 | 106,000 | 142,000 | 127,000 | 33,000 | 48,000 | 41,000 | 412,000 | 708,000 |
| Interest Receivable | 0 | 17,000 | 4,000 | 19,000 | 8,000 | 6,000 | 3,000 | 0 | 57,000 | 29,000 | 126,000 | 1,000 | 1,000 |
| Pre-Tax Profit | 6,997,000 | 1,738,000 | 2,242,000 | 10,467,000 | 10,060,000 | 11,661,000 | 10,889,000 | 10,238,000 | 7,947,000 | 6,227,000 | 6,231,000 | 9,447,000 | 6,560,000 |
| Tax | -1,423,000 | -1,117,000 | -940,000 | -2,488,000 | -2,031,000 | -1,808,000 | -1,922,000 | -2,064,000 | -1,358,000 | -1,343,000 | -1,090,000 | -2,296,000 | -1,917,000 |
| Profit After Tax | 5,574,000 | 621,000 | 1,302,000 | 7,979,000 | 8,029,000 | 9,853,000 | 8,967,000 | 8,174,000 | 6,589,000 | 4,884,000 | 5,141,000 | 7,151,000 | 4,643,000 |
| Dividends Paid | 5,000,000 | 0 | 0 | 6,000,000 | 12,000,000 | 16,000,000 | 0 | 10,200,000 | 3,200,000 | 18,000,000 | 10,950,000 | 0 | 0 |
| Retained Profit | 574,000 | 621,000 | 1,302,000 | 1,979,000 | -3,971,000 | -6,147,000 | 8,967,000 | -2,026,000 | 3,389,000 | -13,116,000 | -5,809,000 | 7,151,000 | 4,643,000 |
| Employee Costs | 58,118,000 | 57,172,000 | 58,221,000 | 56,879,000 | 54,094,000 | 49,145,000 | 44,184,000 | 41,753,000 | 42,159,000 | 41,902,000 | 41,752,000 | 38,481,000 | 38,658,000 |
| Number Of Employees | 1,661 | 1,774 | 1,883 | 1,804 | 1,805 | 1,835 | 1,561 | 1,474 | 1,450 | 1,491 | 1,532 | 1,493 | 1,479 |
| EBITDA* | 16,357,000 | 11,377,000 | 12,513,000 | 20,891,000 | 19,081,000 | 19,812,000 | 18,156,000 | 17,026,000 | 14,391,000 | 12,253,000 | 11,782,000 | 14,852,000 | 11,866,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 58,945,000 | 65,051,000 | 70,840,000 | 77,986,000 | 72,845,000 | 65,930,000 | 49,674,000 | 47,799,000 | 47,110,000 | 38,960,000 | 37,959,000 | 33,049,000 | 30,913,000 |
| Intangible Assets | 50,449,000 | 50,561,000 | 50,662,000 | 50,968,000 | 51,138,000 | 50,942,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 198,000 | 44,904,000 | 44,520,000 | 44,520,000 | 44,520,000 | 44,520,000 | 44,520,000 | 46,506,000 |
| Debtors (Due After 1 year) | 0 | 99,000 | 270,000 | 206,000 | 810,000 | 0 | 0 | 0 | 0 | 17,649,000 | 25,442,000 | 0 | 0 |
| Total Fixed Assets | 109,394,000 | 115,513,000 | 121,232,000 | 129,160,000 | 124,793,000 | 117,070,000 | 94,578,000 | 92,319,000 | 91,630,000 | 101,129,000 | 107,921,000 | 77,569,000 | 77,419,000 |
| Stock & work in progress | 1,467,000 | 1,515,000 | 1,348,000 | 1,379,000 | 1,437,000 | 1,682,000 | 1,385,000 | 1,256,000 | 1,430,000 | 1,328,000 | 1,181,000 | 1,262,000 | 1,133,000 |
| Trade Debtors | 4,103,000 | 3,311,000 | 3,477,000 | 3,976,000 | 5,320,000 | 4,517,000 | 3,402,000 | 4,463,000 | 5,831,000 | 20,465,000 | 5,592,000 | 3,987,000 | 4,923,000 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 12,069,000 | 13,439,000 | 17,092,000 | 0 | 8,320,000 | 0 | 0 |
| Misc Debtors | 6,850,000 | 7,292,000 | 5,246,000 | 6,342,000 | 6,346,000 | 8,330,000 | 5,793,000 | 4,362,000 | 4,220,000 | 0 | 4,518,000 | 4,439,000 | 2,421,000 |
| Cash | 108,000 | 539,000 | 189,000 | 537,000 | 719,000 | 2,183,000 | 875,000 | 437,000 | 330,000 | 370,000 | 380,000 | 424,000 | 429,000 |
| misc current assets | 0 | 8,000 | 0 | 0 | 0 | 0 | 288,000 | 492,000 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 12,528,000 | 12,665,000 | 10,260,000 | 12,234,000 | 13,822,000 | 16,712,000 | 23,812,000 | 24,449,000 | 28,903,000 | 22,163,000 | 19,991,000 | 10,112,000 | 8,906,000 |
| total assets | 121,922,000 | 128,178,000 | 131,492,000 | 141,394,000 | 138,615,000 | 133,782,000 | 118,390,000 | 116,768,000 | 120,533,000 | 123,292,000 | 127,912,000 | 87,681,000 | 86,325,000 |
| Bank overdraft | 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 |
| Trade Creditors | 2,432,000 | 2,693,000 | 1,593,000 | 3,140,000 | 3,174,000 | 2,849,000 | 2,396,000 | 2,607,000 | 3,540,000 | 3,404,000 | 3,073,000 | 6,784,000 | 2,384,000 |
| Group/Directors Accounts | 92,903,000 | 0 | 0 | 116,205,000 | 113,477,000 | 104,099,000 | 87,241,000 | 94,225,000 | 95,771,000 | 103,910,000 | 96,560,000 | 44,290,000 | 54,853,000 |
| other short term finances | 0 | 0 | 0 | 112,000 | 0 | 747,000 | 1,030,000 | 1,898,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 355,000 | 658,000 | 464,000 | 546,000 | 578,000 | 824,000 | 3,000 | 17,000 | 20,000 | 161,000 | 284,000 | 492,000 | 720,000 |
| other current liabilities | 7,197,000 | 108,013,000 | 115,346,000 | 7,449,000 | 7,048,000 | 9,034,000 | 6,982,000 | 6,088,000 | 6,806,000 | 5,326,000 | 5,500,000 | 8,023,000 | 6,731,000 |
| total current liabilities | 102,887,000 | 111,364,000 | 117,403,000 | 127,452,000 | 124,277,000 | 117,553,000 | 97,652,000 | 104,835,000 | 106,137,000 | 112,801,000 | 105,417,000 | 59,589,000 | 64,688,000 |
| loans | 0 | 2,232,000 | 1,674,000 | 104,000 | 0 | 298,000 | 412,000 | 552,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 733,000 | 1,116,000 | 606,000 | 1,047,000 | 1,587,000 | 2,161,000 | 0 | 0 | 17,000 | 34,000 | 187,000 | 509,000 | 971,000 |
| Accruals and Deferred Income | 0 | 1,003,000 | 1,104,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 726,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 10,298,000 | 15,892,000 | 14,034,000 | 6,899,000 | 8,045,000 | 7,280,000 | 7,517,000 | 8,344,000 | 8,562,000 | 8,029,000 | 6,764,000 | 5,639,000 | 5,459,000 |
| total long term liabilities | 11,757,000 | 10,065,000 | 9,189,000 | 8,050,000 | 9,632,000 | 9,739,000 | 7,929,000 | 8,896,000 | 8,579,000 | 8,063,000 | 6,951,000 | 17,630,000 | 23,432,000 |
| total liabilities | 114,644,000 | 121,429,000 | 126,592,000 | 135,502,000 | 133,909,000 | 127,292,000 | 105,581,000 | 113,731,000 | 114,716,000 | 120,864,000 | 112,368,000 | 77,219,000 | 88,120,000 |
| net assets | 7,278,000 | 6,749,000 | 4,900,000 | 5,892,000 | 4,706,000 | 6,490,000 | 12,809,000 | 3,037,000 | 5,817,000 | 2,428,000 | 15,544,000 | 10,462,000 | -1,795,000 |
| total shareholders funds | 7,278,000 | 6,749,000 | 4,900,000 | 5,892,000 | 4,706,000 | 6,490,000 | 12,809,000 | 3,037,000 | 5,817,000 | 2,428,000 | 15,544,000 | 10,462,000 | -1,795,000 |
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jul 2011 | Jul 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 7,049,000 | 1,811,000 | 2,361,000 | 10,972,000 | 10,225,000 | 11,761,000 | 11,028,000 | 10,365,000 | 7,923,000 | 6,246,000 | 6,146,000 | 9,858,000 | 7,267,000 |
| Depreciation | 9,196,000 | 9,450,000 | 9,994,000 | 9,749,000 | 8,700,000 | 7,929,000 | 7,128,000 | 6,661,000 | 6,468,000 | 6,007,000 | 5,636,000 | 4,994,000 | 4,599,000 |
| Amortisation | 112,000 | 116,000 | 158,000 | 170,000 | 156,000 | 122,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,423,000 | -1,117,000 | -940,000 | -2,488,000 | -2,031,000 | -1,808,000 | -1,922,000 | -2,064,000 | -1,358,000 | -1,343,000 | -1,090,000 | -2,296,000 | -1,917,000 |
| Stock | -48,000 | 167,000 | -31,000 | -58,000 | -245,000 | 297,000 | 129,000 | -174,000 | 102,000 | 147,000 | -81,000 | 129,000 | 1,133,000 |
| Debtors | 251,000 | 1,709,000 | -1,531,000 | -1,952,000 | -371,000 | -8,417,000 | -1,000,000 | -4,879,000 | -10,971,000 | -5,758,000 | 35,446,000 | 1,082,000 | 7,344,000 |
| Creditors | -261,000 | 1,100,000 | -1,547,000 | -34,000 | 325,000 | 453,000 | -211,000 | -933,000 | 136,000 | 331,000 | -3,711,000 | 4,400,000 | 2,384,000 |
| Accruals and Deferred Income | -101,819,000 | -7,434,000 | 109,001,000 | 401,000 | -1,986,000 | 2,052,000 | 894,000 | -718,000 | 1,480,000 | -174,000 | -2,523,000 | 1,292,000 | 6,731,000 |
| Deferred Taxes & Provisions | -5,594,000 | 1,858,000 | 7,135,000 | -1,146,000 | 765,000 | -237,000 | -827,000 | -218,000 | 533,000 | 1,265,000 | 1,125,000 | 180,000 | 5,459,000 |
| Cash flow from operations | -92,943,000 | 3,908,000 | 127,724,000 | 19,634,000 | 16,770,000 | 28,392,000 | 16,961,000 | 18,146,000 | 26,051,000 | 17,943,000 | -29,782,000 | 17,217,000 | 16,046,000 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | -198,000 | -44,706,000 | 384,000 | 0 | 0 | 0 | 0 | -1,986,000 | 46,506,000 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 92,903,000 | 0 | -116,205,000 | 2,728,000 | 9,378,000 | 16,858,000 | -6,984,000 | -1,546,000 | -8,139,000 | 7,350,000 | 52,270,000 | -10,563,000 | 54,853,000 |
| Other Short Term Loans | 0 | 0 | -112,000 | 112,000 | -747,000 | -283,000 | -868,000 | 1,898,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,232,000 | 558,000 | 1,570,000 | 104,000 | -298,000 | -114,000 | -140,000 | 552,000 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | -686,000 | 704,000 | -523,000 | -572,000 | -820,000 | 2,982,000 | -14,000 | -20,000 | -158,000 | -276,000 | -530,000 | -690,000 | 1,691,000 |
| other long term liabilities | 726,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -52,000 | -73,000 | -119,000 | -505,000 | -165,000 | -100,000 | -139,000 | -127,000 | 24,000 | -19,000 | 85,000 | -411,000 | -707,000 |
| cash flow from financing | 90,614,000 | 2,417,000 | -117,683,000 | 1,074,000 | 9,535,000 | 19,171,000 | -7,340,000 | 3,000 | -8,273,000 | 7,055,000 | 62,716,000 | -6,558,000 | 49,399,000 |
| cash and cash equivalents | |||||||||||||
| cash | -431,000 | 350,000 | -348,000 | -182,000 | -1,464,000 | 1,308,000 | 438,000 | 107,000 | -40,000 | -10,000 | -44,000 | -5,000 | 429,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -431,000 | 350,000 | -348,000 | -182,000 | -1,464,000 | 1,308,000 | 438,000 | 107,000 | -40,000 | -10,000 | -44,000 | -5,000 | 429,000 |
P&L
July 2022turnover
105.3m
+13%
operating profit
7m
+289%
gross margin
4.6%
+923.84%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
7.3m
+0.08%
total assets
121.9m
-0.05%
cash
108k
-0.8%
net assets
Total assets minus all liabilities
go south coast limited company details
company number
03949597
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
March 2000
age
24
accounts
Full Accounts
ultimate parent company
previous names
southern vectis transport limited (October 2006)
rp 231 limited (March 2000)
incorporated
UK
address
3rd floor 41-51 grey street, newcastle upon tyne, NE1 6EE
last accounts submitted
July 2022
go south coast 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 9 charges/mortgages relating to go south coast limited. Currently there are 1 open charges and 8 have been satisfied in the past.
go south coast limited Companies House Filings - See Documents
| date | description | view/download |
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