gilcrest manufacturing limited
gilcrest manufacturing limited Company Information
Company Number
04401860
Registered Address
3 portview road, avonmouth, bristol, BS11 9LQ
Industry
Manufacture of other fabricated metal products n.e.c.
Telephone
01173167020
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
kevin gillham 70%
victoria bernstein 30%
gilcrest manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of GILCREST MANUFACTURING LIMITED at £5.4m based on a Turnover of £6.9m and 0.79x industry multiple (adjusted for size and gross margin).
gilcrest manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of GILCREST MANUFACTURING LIMITED at £6.8m based on an EBITDA of £1.2m and a 5.69x industry multiple (adjusted for size and gross margin).
gilcrest manufacturing limited Estimated Valuation
Pomanda estimates the enterprise value of GILCREST MANUFACTURING LIMITED at £3.8m based on Net Assets of £1.7m and 2.19x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Gilcrest Manufacturing Limited Overview
Gilcrest Manufacturing Limited is a live company located in bristol, BS11 9LQ with a Companies House number of 04401860. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in March 2002, it's largest shareholder is kevin gillham with a 70% stake. Gilcrest Manufacturing Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.9m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Gilcrest Manufacturing Limited Health Check
Pomanda's financial health check has awarded Gilcrest Manufacturing Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
4 Regular
2 Weak
Size
annual sales of £6.9m, make it smaller than the average company (£12.4m)
£6.9m - Gilcrest Manufacturing Limited
£12.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 22%, show it is growing at a faster rate (2.9%)
22% - Gilcrest Manufacturing Limited
2.9% - Industry AVG
Production
with a gross margin of 39.2%, this company has a lower cost of product (30.1%)
39.2% - Gilcrest Manufacturing Limited
30.1% - Industry AVG
Profitability
an operating margin of 16% make it more profitable than the average company (6.4%)
16% - Gilcrest Manufacturing Limited
6.4% - Industry AVG
Employees
with 32 employees, this is below the industry average (76)
32 - Gilcrest Manufacturing Limited
76 - Industry AVG
Pay Structure
on an average salary of £38.6k, the company has an equivalent pay structure (£38.6k)
- Gilcrest Manufacturing Limited
£38.6k - Industry AVG
Efficiency
resulting in sales per employee of £215.3k, this is more efficient (£150.6k)
£215.3k - Gilcrest Manufacturing Limited
£150.6k - Industry AVG
Debtor Days
it gets paid by customers after 52 days, this is near the average (63 days)
52 days - Gilcrest Manufacturing Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 83 days, this is slower than average (50 days)
83 days - Gilcrest Manufacturing Limited
50 days - Industry AVG
Stock Days
it holds stock equivalent to 70 days, this is in line with average (76 days)
70 days - Gilcrest Manufacturing Limited
76 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 24 weeks, this is more cash available to meet short term requirements (13 weeks)
24 weeks - Gilcrest Manufacturing Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 49.3%, this is a similar level of debt than the average (47.5%)
49.3% - Gilcrest Manufacturing Limited
47.5% - Industry AVG
GILCREST MANUFACTURING LIMITED financials
Gilcrest Manufacturing Limited's latest turnover from December 2022 is £6.9 million and the company has net assets of £1.7 million. According to their latest financial statements, Gilcrest Manufacturing Limited has 32 employees and maintains cash reserves of £674.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,888,843 | 6,354,140 | 2,772,405 | 3,834,556 | 3,530,506 | 2,552,593 | 1,965,336 | 2,227,985 | 1,022,594 | 1,215,020 | 1,889,173 | 1,950,464 | 2,531,860 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 4,191,290 | 4,290,592 | 1,708,940 | 2,239,601 | 2,260,078 | 1,572,467 | 1,386,351 | 1,667,506 | 570,362 | 750,062 | 1,515,198 | 1,497,884 | 1,962,516 |
| Gross Profit | 2,697,553 | 2,063,548 | 1,063,465 | 1,594,955 | 1,270,428 | 980,126 | 578,985 | 560,479 | 452,232 | 464,958 | 373,975 | 452,580 | 569,344 |
| Admin Expenses | 1,595,602 | 1,647,292 | 1,032,826 | 739,459 | 577,389 | 574,918 | 649,615 | 449,106 | 291,885 | 665,035 | 778,301 | 340,326 | 373,491 |
| Operating Profit | 1,101,951 | 416,256 | 30,639 | 855,496 | 693,039 | 405,208 | -70,630 | 111,373 | 160,347 | -200,077 | -404,326 | 112,254 | 195,853 |
| Interest Payable | 10,567 | 8,007 | 12,005 | 7,848 | 6,375 | 4,088 | 13,123 | 14,400 | 12,684 | 17,705 | 0 | 0 | 12,672 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 1,091,384 | 408,249 | 18,634 | 847,648 | 686,664 | 401,120 | -83,753 | 96,973 | 147,663 | -217,782 | -436,584 | 112,254 | 183,181 |
| Tax | -114,793 | -97,226 | 78,356 | -6,691 | -97,695 | -97,500 | 91,405 | 19,395 | 0 | 0 | 0 | 0 | -47,000 |
| Profit After Tax | 976,591 | 311,023 | 96,990 | 840,957 | 588,969 | 303,620 | 7,652 | 116,368 | 147,663 | -217,782 | -436,584 | 112,254 | 136,181 |
| Dividends Paid | 0 | 0 | 0 | 95,438 | 92,014 | 0 | 0 | 0 | 0 | 0 | 0 | 9,159 | 9,159 |
| Retained Profit | 976,591 | 311,023 | 96,990 | 745,519 | 496,955 | 303,620 | 7,652 | 116,368 | 147,663 | -217,782 | -436,584 | 103,095 | 127,022 |
| Employee Costs | 175,439 | 178,051 | 583,007 | 584,741 | 191,448 | 329,264 | 549,618 | 359,995 | 408,044 | ||||
| Number Of Employees | 32 | 24 | 22 | 23 | 19 | 16 | 17 | 19 | 13 | 13 | 15 | 18 | 21 |
| EBITDA* | 1,201,953 | 530,974 | 110,628 | 885,351 | 724,057 | 436,226 | -70,630 | 111,373 | 160,347 | -200,077 | -404,326 | 112,254 | 195,853 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 659,858 | 543,625 | 453,070 | 433,595 | 158,646 | 30,489 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 55,668 | 0 | 0 | 485,644 | 284,725 | 245,534 | 276,552 | 115,501 | 123,758 | 123,511 | 0 | 0 | 0 |
| Investments & Other | 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 |
| Total Fixed Assets | 715,526 | 543,625 | 453,070 | 919,239 | 443,371 | 276,023 | 276,552 | 115,501 | 123,758 | 123,511 | 0 | 0 | 0 |
| Stock & work in progress | 812,288 | 471,987 | 264,694 | 400,167 | 344,504 | 220,488 | 97,834 | 114,967 | 188,517 | 119,931 | 104,003 | 183,391 | 183,499 |
| Trade Debtors | 996,394 | 884,416 | 331,354 | 447,256 | 449,615 | 291,774 | 258,860 | 315,789 | 200,979 | 215,388 | 80,898 | 210,656 | 233,344 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 24,936 | 72,006 | 90,927 | 70,867 | 39,199 | 48,870 | 80,281 | 97,110 |
| Misc Debtors | 241,103 | 236,318 | 90,474 | 181,622 | 47,652 | 66,917 | 110,800 | 19,395 | 91,789 | 12,379 | 11,074 | 9,856 | 44,319 |
| Cash | 674,799 | 258,144 | 440,746 | 488,242 | 347,932 | 215,889 | 0 | 664,435 | 0 | 173,905 | 17,012 | 7,239 | 72,407 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 2,724,584 | 1,850,865 | 1,127,268 | 1,517,287 | 1,189,703 | 820,004 | 539,500 | 1,205,513 | 552,152 | 560,802 | 261,857 | 491,423 | 630,679 |
| total assets | 3,440,110 | 2,394,490 | 1,580,338 | 2,436,526 | 1,633,074 | 1,096,027 | 816,052 | 1,321,014 | 675,910 | 684,313 | 261,857 | 491,423 | 630,679 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 73,280 | 0 | 182,664 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 955,898 | 899,960 | 413,822 | 426,137 | 578,984 | 469,085 | 209,910 | 273,558 | 221,745 | 242,233 | 176,920 | 312,010 | 534,377 |
| Group/Directors Accounts | 0 | 0 | 0 | 51,710 | 51,710 | 0 | 0 | 1,260,988 | 527,942 | 945,547 | 368,208 | 36,022 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 66,224 | 0 | 0 | 51,255 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 429,783 | 431,736 | 176,192 | 77,089 | 91,600 | 55,395 | 128,815 | 43,296 | 116,755 | 17,392 | 19,806 | 9,884 | 65,890 |
| total current liabilities | 1,451,905 | 1,331,696 | 590,014 | 606,191 | 722,294 | 524,480 | 412,005 | 1,577,842 | 1,049,106 | 1,205,172 | 564,934 | 357,916 | 600,267 |
| loans | 0 | 0 | 0 | 335,392 | 335,392 | 517,103 | 653,223 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 73,603 | 0 | 0 | 131,920 | 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 |
| other liabilities | 0 | 36,954 | 184,077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 168,664 | 109,956 | 12,730 | 85,413 | 23,989 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 242,267 | 146,910 | 196,807 | 552,725 | 359,381 | 517,103 | 653,223 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,694,172 | 1,478,606 | 786,821 | 1,158,916 | 1,081,675 | 1,041,583 | 1,065,228 | 1,577,842 | 1,049,106 | 1,205,172 | 564,934 | 357,916 | 600,267 |
| net assets | 1,745,938 | 915,884 | 793,517 | 1,277,610 | 551,399 | 54,444 | -249,176 | -256,828 | -373,196 | -520,859 | -303,077 | 133,507 | 30,412 |
| total shareholders funds | 1,745,938 | 915,884 | 793,517 | 1,277,610 | 551,399 | 54,444 | -249,176 | -256,828 | -373,196 | -520,859 | -303,077 | 133,507 | 30,412 |
| Dec 2022 | Dec 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Dec 2013 | Dec 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 1,101,951 | 416,256 | 30,639 | 855,496 | 693,039 | 405,208 | -70,630 | 111,373 | 160,347 | -200,077 | -404,326 | 112,254 | 195,853 |
| Depreciation | 100,002 | 114,718 | 35,321 | 29,855 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 44,668 | 0 | 31,018 | 31,018 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -114,793 | -97,226 | 78,356 | -6,691 | -97,695 | -97,500 | 91,405 | 19,395 | 0 | 0 | 0 | 0 | -47,000 |
| Stock | 340,301 | 207,293 | -135,473 | 55,663 | 124,016 | 122,654 | -17,133 | -73,550 | 68,586 | 15,928 | -79,388 | -108 | 183,499 |
| Debtors | 116,763 | 698,906 | -207,050 | 131,611 | 113,640 | -58,039 | 15,555 | 62,476 | 96,669 | 126,124 | -159,951 | -73,980 | 374,773 |
| Creditors | 55,938 | 486,138 | -12,315 | -152,847 | 109,899 | 259,175 | -63,648 | 51,813 | -20,488 | 65,313 | -135,090 | -222,367 | 534,377 |
| Accruals and Deferred Income | -1,953 | 255,544 | 99,103 | -14,511 | 36,205 | -73,420 | 85,519 | -73,459 | 99,363 | -2,414 | 9,922 | -56,006 | 65,890 |
| Deferred Taxes & Provisions | 58,708 | 97,226 | -72,683 | 61,424 | 23,989 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 742,789 | 366,457 | 545,612 | 585,452 | 558,799 | 459,866 | 44,224 | 120,196 | 73,967 | -279,230 | -290,155 | -92,031 | 190,848 |
| Investing Activities | |||||||||||||
| capital expenditure | -204,983 | -5,989 | -174,608 | -5,300 | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -204,983 | -5,989 | -174,608 | -5,300 | |||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | -51,710 | 0 | 51,710 | 0 | -1,260,988 | 733,046 | -417,605 | 577,339 | 332,186 | 36,022 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | -335,392 | 0 | -181,711 | -136,120 | 653,223 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 139,827 | 0 | -183,175 | 183,175 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -36,954 | -147,123 | 184,077 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -10,567 | -8,007 | -12,005 | -7,848 | -6,375 | -4,088 | -13,123 | -14,400 | -12,684 | -17,705 | 0 | 0 | -12,672 |
| cash flow from financing | -54,231 | -343,786 | -979,288 | 156,019 | -136,376 | -140,208 | -620,888 | 718,646 | -430,289 | 559,634 | 332,186 | 36,022 | -109,282 |
| cash and cash equivalents | |||||||||||||
| cash | 416,655 | -182,602 | -47,496 | 140,310 | 132,043 | 215,889 | -664,435 | 664,435 | -173,905 | 156,893 | 9,773 | -65,168 | 72,407 |
| overdraft | 0 | 0 | 0 | 0 | 0 | -73,280 | 73,280 | -182,664 | 182,664 | 0 | 0 | 0 | 0 |
| change in cash | 416,655 | -182,602 | -47,496 | 140,310 | 132,043 | 289,169 | -737,715 | 847,099 | -356,569 | 156,893 | 9,773 | -65,168 | 72,407 |
gilcrest manufacturing limited Credit Report and Business Information
Gilcrest Manufacturing Limited Competitor Analysis
Perform a competitor analysis for gilcrest manufacturing limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gilcrest manufacturing limited Ownership
GILCREST MANUFACTURING LIMITED group structure
Gilcrest Manufacturing Limited has no subsidiary companies.
Ultimate parent company
GILCREST MANUFACTURING LIMITED
04401860
gilcrest manufacturing limited directors
Gilcrest Manufacturing Limited currently has 2 directors. The longest serving directors include Mr Kevin Gillham (Apr 2002) and Mrs Sarah Fowke (Sep 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Kevin Gillham | England | 48 years | Apr 2002 | - | Director |
| Mrs Sarah Fowke | England | 49 years | Sep 2020 | - | Director |
P&L
December 2022turnover
6.9m
+8%
operating profit
1.1m
+165%
gross margin
39.2%
+20.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.7m
+0.91%
total assets
3.4m
+0.44%
cash
674.8k
+1.61%
net assets
Total assets minus all liabilities
gilcrest manufacturing limited company details
company number
04401860
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
March 2002
age
22
accounts
Small Company
ultimate parent company
previous names
panel projects limited (January 2012)
incorporated
UK
address
3 portview road, avonmouth, bristol, BS11 9LQ
last accounts submitted
December 2022
gilcrest manufacturing 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 5 charges/mortgages relating to gilcrest manufacturing limited. Currently there are 2 open charges and 3 have been satisfied in the past.
gilcrest manufacturing limited Companies House Filings - See Documents
| date | description | view/download |
|---|
