global baggage solutions ltd

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global baggage solutions ltd Company Information

Share GLOBAL BAGGAGE SOLUTIONS LTD
Live (Voluntary Arrangement)
MatureSmallLow

Company Number

04441031

Registered Address

24a market street market street, disley, stockport, cheshire, SK12 2AA

Industry

Service activities incidental to air transportation

 

Telephone

01614894598

Next Accounts Due

February 2025

Group Structure

View All

Directors

Manchuen Chi22 Years

Shareholders

manchuen chi 100%

global baggage solutions ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of GLOBAL BAGGAGE SOLUTIONS LTD at £1.7m based on a Turnover of £4.1m and 0.41x industry multiple (adjusted for size and gross margin).

global baggage solutions ltd Estimated Valuation

£805.4k

Pomanda estimates the enterprise value of GLOBAL BAGGAGE SOLUTIONS LTD at £805.4k based on an EBITDA of £300.5k and a 2.68x industry multiple (adjusted for size and gross margin).

global baggage solutions ltd Estimated Valuation

£965.1k

Pomanda estimates the enterprise value of GLOBAL BAGGAGE SOLUTIONS LTD at £965.1k based on Net Assets of £403.1k and 2.39x industry multiple (adjusted for liquidity).

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Global Baggage Solutions Ltd Overview

Global Baggage Solutions Ltd is a live company located in stockport, SK12 2AA with a Companies House number of 04441031. It operates in the service activities incidental to air transportation sector, SIC Code 52230. Founded in May 2002, it's largest shareholder is manchuen chi with a 100% stake. Global Baggage Solutions Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.1m with low growth in recent years.

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Global Baggage Solutions Ltd Health Check

Pomanda's financial health check has awarded Global Baggage Solutions Ltd a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

4 Strong

positive_score

3 Regular

positive_score

5 Weak

size

Size

annual sales of £4.1m, make it smaller than the average company (£15.3m)

£4.1m - Global Baggage Solutions Ltd

£15.3m - Industry AVG

growth

Growth

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

3% - Global Baggage Solutions Ltd

-3% - Industry AVG

production

Production

with a gross margin of 10.3%, this company has a higher cost of product (25.8%)

10.3% - Global Baggage Solutions Ltd

25.8% - Industry AVG

profitability

Profitability

an operating margin of 6.7% make it more profitable than the average company (4.8%)

6.7% - Global Baggage Solutions Ltd

4.8% - Industry AVG

employees

Employees

with 61 employees, this is similar to the industry average (74)

61 - Global Baggage Solutions Ltd

74 - Industry AVG

paystructure

Pay Structure

on an average salary of £52.3k, the company has an equivalent pay structure (£52.3k)

£52.3k - Global Baggage Solutions Ltd

£52.3k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £66.4k, this is less efficient (£137.6k)

£66.4k - Global Baggage Solutions Ltd

£137.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 90 days, this is later than average (40 days)

90 days - Global Baggage Solutions Ltd

40 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 48 days, this is slower than average (29 days)

48 days - Global Baggage Solutions Ltd

29 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (58 days)

0 days - Global Baggage Solutions Ltd

58 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (17 weeks)

4 weeks - Global Baggage Solutions Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 68.6%, this is a similar level of debt than the average (75.1%)

68.6% - Global Baggage Solutions Ltd

75.1% - Industry AVG

GLOBAL BAGGAGE SOLUTIONS LTD financials

EXPORTms excel logo

Global Baggage Solutions Ltd's latest turnover from May 2023 is estimated at £4.1 million and the company has net assets of £403.1 thousand. According to their latest financial statements, Global Baggage Solutions Ltd has 61 employees and maintains cash reserves of £44.7 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Turnover4,051,6052,549,5491,361,9643,673,8664,285,4643,435,3614,097,3264,534,5514,388,9354,191,3941,984,9692,642,0962,307,8852,686,366
Other Income Or Grants00000000000000
Cost Of Sales3,635,1532,334,0641,292,3803,059,8553,415,0822,839,6933,332,8293,604,1693,594,0973,464,4201,730,7052,294,6281,938,6612,299,750
Gross Profit416,452215,48669,584614,012870,382595,668764,498930,383794,838726,974254,264347,468369,224386,616
Admin Expenses144,588-6,033387,753891,044704,004556,889590,161787,645926,002671,33887,828362,754343,019242,563
Operating Profit271,864221,519-318,169-277,032166,37838,779174,337142,738-131,16455,636166,436-15,28626,205144,053
Interest Payable04383820000002607851,3801,9701,115
Interest Receivable5,4722,543217771761477753126153318690812410
Pre-Tax Profit277,336223,623-318,334-276,955166,55438,926174,415142,791-131,03855,529165,969-15,97625,047143,349
Tax-69,334-42,48800-31,645-7,396-33,139-28,5580-11,661-38,1730-6,512-40,138
Profit After Tax208,002181,135-318,334-276,955134,90931,530141,276114,233-131,03843,868127,796-15,97618,535103,211
Dividends Paid00000000000000
Retained Profit208,002181,135-318,334-276,955134,90931,530141,276114,233-131,03843,868127,796-15,97618,535103,211
Employee Costs3,187,6951,896,7202,677,3635,017,2264,951,5144,616,9764,784,0644,801,696500,735633,508289,077322,378341,976340,984
Number Of Employees6142601141211191251291417891011
EBITDA*300,490248,446-287,682-242,517199,95765,813198,334165,455-115,87772,056191,54919,33155,667163,371

* Earnings Before Interest, Tax, Depreciation and Amortisation

May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Tangible Assets231,773227,861254,788277,279257,740199,310141,029104,50962,08525,13523,47143,55680,28156,601
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets231,773227,861254,788277,279257,740199,310141,029104,50962,08525,13523,47143,55680,28156,601
Stock & work in progress4,8384,2422,96010,0889,7149,77111,3869,80810,94214,01710,4627,6835,6326,480
Trade Debtors1,000,502709,528226,915526,382736,650704,019882,065919,4861,084,055933,125567,712616,732558,847556,170
Group Debtors00000000000000
Misc Debtors0000160,289146,606147,79689,16300128,96890,31079,34962,453
Cash44,674198,506310,088124,48329,70217,28241,67220,2361,08949,29411,907115,286160,684164,118
misc current assets00000000000000
total current assets1,050,014912,276539,963660,953936,355877,6781,082,9191,038,6931,096,086996,436719,049830,011804,512789,221
total assets1,281,7871,140,137794,751938,2321,194,0951,076,9881,223,9481,143,2021,158,1711,021,571742,520873,567884,793845,822
Bank overdraft00000000000000
Bank loan000000000008,15611,16111,161
Trade Creditors 480,025434,617189,351553,210535,831562,147754,347820,772958,458699,557195,379303,382335,849308,388
Group/Directors Accounts000000000014427,4177,2671,062
other short term finances00000000008,0008,0007,5565,356
hp & lease commitments00000000000000
other current liabilities0000000000260,851372,313339,264350,332
total current liabilities480,025434,617189,351553,210535,831562,147754,347820,772958,458699,557464,374719,268701,097676,299
loans0012,5220000000007,59617,783
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities340,677453,415530,46300000000000
provisions57,94356,96548,41052,68348,97040,50626,79620,90112,4173,6803,6807,62913,4547,629
total long term liabilities398,620510,380591,39552,68348,97040,50626,79620,90112,4173,6803,6807,62921,05025,412
total liabilities878,645944,997780,746605,893584,801602,653781,143841,673970,875703,237468,054726,897722,147701,711
net assets403,142195,14014,005332,339609,294474,335442,805301,529187,296318,334274,466146,670162,646144,111
total shareholders funds403,142195,14014,005332,339609,294474,335442,805301,529187,296318,334274,466146,670162,646144,111
May 2023May 2022May 2021May 2020May 2019May 2018May 2017May 2016May 2015May 2014May 2013May 2012May 2011May 2010
Operating Activities
Operating Profit271,864221,519-318,169-277,032166,37838,779174,337142,738-131,16455,636166,436-15,28626,205144,053
Depreciation28,62626,92730,48734,51533,57927,03423,99722,71715,28716,42025,11334,61729,46219,318
Amortisation00000000000000
Tax-69,334-42,48800-31,645-7,396-33,139-28,5580-11,661-38,1730-6,512-40,138
Stock5961,282-7,128374-57-1,6151,578-1,134-3,0753,5552,7792,051-8486,480
Debtors290,974482,613-299,467-370,55746,314-179,23621,212-75,406150,930236,445-10,36268,84619,573618,623
Creditors45,408245,266-363,85917,379-26,316-192,200-66,425-137,686258,901504,178-108,003-32,46727,461308,388
Accruals and Deferred Income000000000-260,851-111,46233,049-11,068350,332
Deferred Taxes & Provisions9788,555-4,2733,7138,46413,7105,8958,4848,7370-3,949-5,8255,8257,629
Cash flow from operations-14,028-24,116-349,219148,758104,20360,77881,87584,2353,90663,722-62,455-56,80952,648164,479
Investing Activities
capital expenditure-32,5380-7,996-54,054-92,009-85,315-60,517-65,141-52,237-18,084-5,0282,108-53,142-75,919
Change in Investments00000000000000
cash flow from investments-32,5380-7,996-54,054-92,009-85,315-60,517-65,141-52,237-18,084-5,0282,108-53,142-75,919
Financing Activities
Bank loans0000000000-8,156-3,005011,161
Group/Directors Accounts000000000-144-27,27320,1506,2051,062
Other Short Term Loans 000000000-8,00004442,2005,356
Long term loans0-12,52212,52200000000-7,596-10,18717,783
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-112,738-77,048530,46300000000000
share issue0000500000000040,900
interest5,4722,105-165771761477753126-107-467-690-1,158-705
cash flow from financing-107,266-87,465542,820772261477753126-8,251-35,8969,303-2,94075,557
cash and cash equivalents
cash-153,832-111,582185,60594,78112,420-24,39021,43619,147-48,20537,387-103,379-45,398-3,434164,118
overdraft00000000000000
change in cash-153,832-111,582185,60594,78112,420-24,39021,43619,147-48,20537,387-103,379-45,398-3,434164,118

global baggage solutions ltd Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Global Baggage Solutions Ltd Competitor Analysis

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global baggage solutions ltd Ownership

GLOBAL BAGGAGE SOLUTIONS LTD group structure

Global Baggage Solutions Ltd has no subsidiary companies.

Ultimate parent company

GLOBAL BAGGAGE SOLUTIONS LTD

04441031

GLOBAL BAGGAGE SOLUTIONS LTD Shareholders

manchuen chi 100%

global baggage solutions ltd directors

Global Baggage Solutions Ltd currently has 1 director, Mr Manchuen Chi serving since Jun 2002.

officercountryagestartendrole
Mr Manchuen ChiUnited Kingdom55 years Jun 2002- Director

P&L

May 2023

turnover

4.1m

+59%

operating profit

271.9k

0%

gross margin

10.3%

+21.61%

turnover

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

Balance Sheet

May 2023

net assets

403.1k

+1.07%

total assets

1.3m

+0.12%

cash

44.7k

-0.77%

net assets

Total assets minus all liabilities

global baggage solutions ltd company details

company number

04441031

Type

Private limited with Share Capital

industry

52230 - Service activities incidental to air transportation

incorporation date

May 2002

age

22

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

24a market street market street, disley, stockport, cheshire, SK12 2AA

last accounts submitted

May 2023

global baggage 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 found 3 charges/mortgages relating to global baggage solutions ltd. Currently there are 0 open charges and 3 have been satisfied in the past.

charges

global baggage solutions ltd Companies House Filings - See Documents

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