General Asset Management Limited

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general asset management limited Company Information

Live

MatureSmallDeclining

Company Number

04015712

Website

https://www.accredoltd.co.uk

Registered Address

mill green house, mill green road, haywards heath, west sussex, RH16 1XJ

Industry

Financial leasing

Telephone

08454564516

Next Accounts Due

March 2025

Group Structure

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Directors

Glen Garton18 Years

Philip Chesterfield18 Years

View All

Shareholders

accredo group limited 100%

general asset management limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of GENERAL ASSET MANAGEMENT LIMITED at £7.4m based on Net Assets of £3.2m and 2.3x industry multiple (adjusted for liquidity).

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General Asset Management Limited is a live company located in haywards heath, RH16 1XJ with a Companies House number of 04015712. It operates in the financial leasing sector, SIC Code 64910. Founded in June 2000, it's largest shareholder is accredo group limited with a 100% stake. General Asset Management Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.4m with declining growth in recent years.

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Pomanda's financial health check has awarded General Asset Management Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £3.4m, make it smaller than the average company (£5.1m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (1.4%)

EXPORT

General Asset Management Limited's latest turnover from June 2023 is estimated at £3.4 million and the company has net assets of £3.2 million. According to their latest financial statements, General Asset Management Limited has 12 employees and maintains cash reserves of £1.8 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	3,398,798	3,923,734	8,517,801	7,565,647	8,154,836	6,952,102	8,112,142	6,218,905	4,149,570	3,985,892	4,273,278	4,289,203	3,497,890	2,202,199
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,599,171	1,693,068	4,278,429	3,143,538	3,385,409	2,904,217	3,718,268	2,186,086	537,510	326,704	278,367	368,088	137,309	166,568
Gross Profit	1,799,627	2,230,666	4,239,372	4,422,109	4,769,427	4,047,885	4,393,874	4,032,819	3,612,060	3,659,188	3,994,911	3,921,115	3,360,581	2,035,631
Admin Expenses	1,122,798	5,169,214	2,457,928	5,880,297	5,845,859	5,115,123	1,161,314	1,929,135	3,281,982	3,236,591	3,355,910	2,657,998	2,719,585	1,401,125
Operating Profit	676,829	-2,938,548	1,781,444	-1,458,188	-1,076,432	-1,067,238	3,232,560	2,103,684	330,078	422,597	639,001	1,263,117	640,996	634,506
Interest Payable	0	0	0	5,314	16,060	26,610	26,027	46,013	75,962	180,536	469,154	147,931	149,005	149,997
Interest Receivable	75,596	26,474	2,564	2,916	25,084	10,940	3,711	7,540	4,310	6,270	8,524	3,985	573	769
Pre-Tax Profit	752,425	-2,912,074	1,784,007	-1,460,587	-1,067,407	-1,082,908	3,210,243	2,065,211	614,042	248,331	178,371	1,119,171	492,564	485,278
Tax	-188,106	0	-338,961	0	0	0	-609,946	-413,042	-118,125	-73,270	-45,946	-286,215	-122,690	-132,969
Profit After Tax	564,319	-2,912,074	1,445,046	-1,460,587	-1,067,407	-1,082,908	2,600,297	1,652,169	495,917	175,061	132,425	832,956	369,874	352,309
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	110,000	0
Retained Profit	564,319	-2,912,074	1,445,046	-1,460,587	-1,067,407	-1,082,908	2,600,297	1,652,169	495,917	175,061	132,425	832,956	259,874	352,309
Employee Costs	874,499	837,140	997,548	1,321,782	1,226,473	1,283,678	1,246,141	1,081,898	762,596	522,539	556,906	837,399	1,212,406	520,325
Number Of Employees	12	13	15	21	20	20	20	19	14	9	10	21	17	15
EBITDA*	694,978	-2,908,492	1,828,326	-1,409,535	-1,038,387	-1,016,415	3,304,741	2,188,475	392,556	490,476	698,032	1,302,678	644,520	634,506

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	36,099	50,311	36,917	79,753	81,570	71,690	125,094	202,391	266,583	141,790	196,480	222,425	30,963	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	855,000	855,000	855,000	855,000	855,000	855,000	855,000	855,000	0	0	0	0	0	0
Debtors (Due After 1 year)	1,834,512	1,156,747	1,802,915	1,013,001	1,871,253	6,655,627	8,551,150	7,967,758	7,124,019	6,517,394	4,892,964	4,276,451	4,965,504	3,260,128
Total Fixed Assets	2,725,611	2,062,058	2,694,832	1,947,754	2,807,823	7,582,317	9,531,244	9,025,149	7,390,602	6,659,184	5,089,444	4,498,876	4,996,467	3,260,128
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	121,044	552,393	3,137,377	2,239,786	2,276,239	2,048,313	2,626,970	2,671,753	2,294,844	0	0	0	0	0
Group Debtors	0	0	0	0	0	69,496	326,666	107,880	287,957	2,194,034	999,230	1,174,230	1,170,000	1,425,000
Misc Debtors	151,452	532,018	950,305	302,444	394,945	365,950	344,380	92,168	77,360	1,585,797	2,554,111	2,794,683	2,067,333	2,530,273
Cash	1,799,484	1,224,375	3,011,416	2,116,021	3,715,002	2,974,140	1,401,917	1,566,928	1,449,054	522,073	931,767	2,049,885	209,643	220,121
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,071,980	2,308,786	7,099,098	4,658,251	6,386,186	5,457,899	4,699,933	4,438,729	4,109,215	4,301,904	4,485,108	6,018,798	3,446,976	4,175,394
total assets	4,797,591	4,370,844	9,793,930	6,606,005	9,194,009	13,040,216	14,231,177	13,463,878	11,499,817	10,961,088	9,574,552	10,517,674	8,443,443	7,435,522
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	544,635	435,266	90,492	186,164	152,286	87,551	66,244	35,457	30,576	14,106	4,288	72,878	17,284	17,382
Group/Directors Accounts	530,000	495,000	514,942	515,199	758,424	3,244,690	1,545,353	1,269,321	1,017,388	1,991,746	980,899	0	0	25,000
other short term finances	0	0	0	0	0	0	0	0	0	1,475,676	1,928,494	1,944,640	1,358,437	1,268,552
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	501,886	781,605	1,672,635	929,388	1,018,484	1,155,107	2,561,152	2,817,501	2,365,630	1,097,670	1,086,419	2,656,466	2,557,608	1,300,136
total current liabilities	1,576,521	1,711,871	2,278,069	1,630,751	1,929,194	4,487,348	4,172,749	4,122,279	3,413,594	4,579,198	4,000,100	4,673,984	3,933,329	2,611,070
loans	0	0	0	0	174,238	301,603	517,161	315,717	1,100,053	3,375,414	2,746,694	3,145,861	2,666,151	1,990,363
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	1,947,830	845,811	1,504,323	1,595,264	1,798,308	3,878,501	3,482,738	0	0	0	0	1,250,000
provisions	1,888	4,110	1,094	7,552	3,776	6,116	10,166	14,885	23,105	22,066	18,409	20,910	0	0
total long term liabilities	1,888	4,110	1,948,924	853,363	1,682,337	1,902,983	2,325,635	4,209,103	4,605,896	3,397,480	2,765,103	3,166,771	2,666,151	3,240,363
total liabilities	1,578,409	1,715,981	4,226,993	2,484,114	3,611,531	6,390,331	6,498,384	8,331,382	8,019,490	7,976,678	6,765,203	7,840,755	6,599,480	5,851,433
net assets	3,219,182	2,654,863	5,566,937	4,121,891	5,582,478	6,649,885	7,732,793	5,132,496	3,480,327	2,984,410	2,809,349	2,676,919	1,843,963	1,584,089
total shareholders funds	3,219,182	2,654,863	5,566,937	4,121,891	5,582,478	6,649,885	7,732,793	5,132,496	3,480,327	2,984,410	2,809,349	2,676,919	1,843,963	1,584,089

	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	676,829	-2,938,548	1,781,444	-1,458,188	-1,076,432	-1,067,238	3,232,560	2,103,684	330,078	422,597	639,001	1,263,117	640,996	634,506
Depreciation	18,149	30,056	46,882	48,653	38,045	50,823	72,181	84,791	62,478	67,879	59,031	39,561	3,524	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-188,106	0	-338,961	0	0	0	-609,946	-413,042	-118,125	-73,270	-45,946	-286,215	-122,690	-132,969
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-134,150	-3,649,439	2,335,366	-987,206	-4,596,949	-2,709,780	1,009,607	1,055,379	-513,045	1,850,920	200,941	42,527	987,436	7,215,401
Creditors	109,369	344,774	-95,672	33,878	64,735	21,307	30,787	4,881	16,470	9,818	-68,590	55,594	-98	17,382
Accruals and Deferred Income	-279,719	-891,030	743,247	-89,096	-136,623	-1,406,045	-256,349	451,871	1,267,960	11,251	-1,570,047	98,858	1,257,472	1,300,136
Deferred Taxes & Provisions	-2,222	3,016	-6,458	3,776	-2,340	-4,050	-4,719	-8,220	1,039	3,657	-2,501	20,910	0	0
Cash flow from operations	468,450	197,707	-204,884	-473,771	3,484,334	304,577	1,454,907	1,168,586	2,072,945	-1,408,988	-1,189,993	1,149,298	791,768	-5,396,346
Investing Activities
capital expenditure	-3,937	-43,450	-4,046	-46,836	-47,925	2,581	5,116	-20,599	-187,271	-13,189	-33,086	-231,023	-34,487	0
Change in Investments	0	0	0	0	0	0	0	855,000	0	0	0	0	0	0
cash flow from investments	-3,937	-43,450	-4,046	-46,836	-47,925	2,581	5,116	-875,599	-187,271	-13,189	-33,086	-231,023	-34,487	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	35,000	-19,942	-257	-243,225	-2,486,266	1,699,337	276,032	251,933	-974,358	1,010,847	980,899	0	-25,000	25,000
Other Short Term Loans	0	0	0	0	0	0	0	0	-1,475,676	-452,818	-16,146	586,203	89,885	1,268,552
Long term loans	0	0	0	-174,238	-127,365	-215,558	201,444	-784,336	-2,275,361	628,720	-399,167	479,710	675,788	1,990,363
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-1,947,830	1,102,019	-658,512	-90,941	-203,044	-2,080,193	395,763	3,482,738	0	0	0	-1,250,000	1,250,000
share issue	0	0	0	0	0	0	0	0	0	0	5	0	0	1,231,780
interest	75,596	26,474	2,564	-2,398	9,024	-15,670	-22,316	-38,473	-71,652	-174,266	-460,630	-143,946	-148,432	-149,228
cash flow from financing	110,596	-1,941,298	1,104,326	-1,078,373	-2,695,548	1,265,065	-1,625,033	-175,113	-1,314,309	1,012,483	104,961	921,967	-657,759	5,616,467
cash and cash equivalents
cash	575,109	-1,787,041	895,395	-1,598,981	740,862	1,572,223	-165,011	117,874	926,981	-409,694	-1,118,118	1,840,242	-10,478	220,121
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	575,109	-1,787,041	895,395	-1,598,981	740,862	1,572,223	-165,011	117,874	926,981	-409,694	-1,118,118	1,840,242	-10,478	220,121

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GENERAL ASSET MANAGEMENT LIMITED group structure

General Asset Management Limited has 1 subsidiary company.

Ultimate parent company

ACCREDO GROUP LIMITED

12570584

1 parent

GENERAL ASSET MANAGEMENT LIMITED

04015712

1 subsidiary

GENERAL ASSET MANAGEMENT UK LTD

05160191

GENERAL ASSET MANAGEMENT LIMITED Shareholders

accredo group limited

100%

General Asset Management Limited currently has 5 directors. The longest serving directors include Mr Glen Garton (Aug 2005) and Mr Philip Chesterfield (Sep 2005).

officer	country	age	start	end	role
Mr Glen Garton	United Kingdom	57 years	Aug 2005	-	Director
Mr Philip Chesterfield	United Kingdom	59 years	Sep 2005	-	Director
Mr Geoffrey Willis	England	47 years	Apr 2012	-	Director
Mrs Isobel Laughton	England	52 years	Aug 2012	-	Director
Mr Alex McCarthy	England	42 years	Sep 2023	-	Director

P&L

June 2023

turnover

3.4m

-13%

operating profit

676.8k

gross margin

53%

-6.86%

turnover

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

Balance Sheet

June 2023

net assets

3.2m

+0.21%

total assets

4.8m

+0.1%

cash

1.8m

+0.47%

net assets

Total assets minus all liabilities

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company number

04015712

Type

Private limited with Share Capital

industry

64910 - Financial leasing

incorporation date

June 2000

age

accounts

Small Company

ultimate parent company

ACCREDO GROUP LIMITED

previous names

N/A

incorporated

address

mill green house, mill green road, haywards heath, west sussex, RH16 1XJ

last accounts submitted

June 2023

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 68 charges/mortgages relating to general asset management limited. Currently there are 6 open charges and 62 have been satisfied in the past.

general asset management limited Company Information

general asset management limited Estimated Valuation

general asset management limited Estimated Valuation

general asset management limited Estimated Valuation

General Asset Management Limited Overview

General Asset Management Limited Health Check

GENERAL ASSET MANAGEMENT LIMITED financials

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