Global Baggage Solutions Ltd

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global baggage solutions ltd Company Information

Live (Voluntary Arrangement)

MatureSmallLow

Company Number

04441031

Website

gbsenquires.com

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

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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).

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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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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 Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

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

Growth

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

EXPORT

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 House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	4,051,605	2,549,549	1,361,964	3,673,866	4,285,464	3,435,361	4,097,326	4,534,551	4,388,935	4,191,394	1,984,969	2,642,096	2,307,885	2,686,366
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,635,153	2,334,064	1,292,380	3,059,855	3,415,082	2,839,693	3,332,829	3,604,169	3,594,097	3,464,420	1,730,705	2,294,628	1,938,661	2,299,750
Gross Profit	416,452	215,486	69,584	614,012	870,382	595,668	764,498	930,383	794,838	726,974	254,264	347,468	369,224	386,616
Admin Expenses	144,588	-6,033	387,753	891,044	704,004	556,889	590,161	787,645	926,002	671,338	87,828	362,754	343,019	242,563
Operating Profit	271,864	221,519	-318,169	-277,032	166,378	38,779	174,337	142,738	-131,164	55,636	166,436	-15,286	26,205	144,053
Interest Payable	0	438	382	0	0	0	0	0	0	260	785	1,380	1,970	1,115
Interest Receivable	5,472	2,543	217	77	176	147	77	53	126	153	318	690	812	410
Pre-Tax Profit	277,336	223,623	-318,334	-276,955	166,554	38,926	174,415	142,791	-131,038	55,529	165,969	-15,976	25,047	143,349
Tax	-69,334	-42,488	0	0	-31,645	-7,396	-33,139	-28,558	0	-11,661	-38,173	0	-6,512	-40,138
Profit After Tax	208,002	181,135	-318,334	-276,955	134,909	31,530	141,276	114,233	-131,038	43,868	127,796	-15,976	18,535	103,211
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	208,002	181,135	-318,334	-276,955	134,909	31,530	141,276	114,233	-131,038	43,868	127,796	-15,976	18,535	103,211
Employee Costs	3,187,695	1,896,720	2,677,363	5,017,226	4,951,514	4,616,976	4,784,064	4,801,696	500,735	633,508	289,077	322,378	341,976	340,984
Number Of Employees	61	42	60	114	121	119	125	129	14	17	8	9	10	11
EBITDA*	300,490	248,446	-287,682	-242,517	199,957	65,813	198,334	165,455	-115,877	72,056	191,549	19,331	55,667	163,371

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	231,773	227,861	254,788	277,279	257,740	199,310	141,029	104,509	62,085	25,135	23,471	43,556	80,281	56,601
Intangible Assets	0	0	0	0	0	0	0	0	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	231,773	227,861	254,788	277,279	257,740	199,310	141,029	104,509	62,085	25,135	23,471	43,556	80,281	56,601
Stock & work in progress	4,838	4,242	2,960	10,088	9,714	9,771	11,386	9,808	10,942	14,017	10,462	7,683	5,632	6,480
Trade Debtors	1,000,502	709,528	226,915	526,382	736,650	704,019	882,065	919,486	1,084,055	933,125	567,712	616,732	558,847	556,170
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	160,289	146,606	147,796	89,163	0	0	128,968	90,310	79,349	62,453
Cash	44,674	198,506	310,088	124,483	29,702	17,282	41,672	20,236	1,089	49,294	11,907	115,286	160,684	164,118
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,050,014	912,276	539,963	660,953	936,355	877,678	1,082,919	1,038,693	1,096,086	996,436	719,049	830,011	804,512	789,221
total assets	1,281,787	1,140,137	794,751	938,232	1,194,095	1,076,988	1,223,948	1,143,202	1,158,171	1,021,571	742,520	873,567	884,793	845,822
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	8,156	11,161	11,161
Trade Creditors	480,025	434,617	189,351	553,210	535,831	562,147	754,347	820,772	958,458	699,557	195,379	303,382	335,849	308,388
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	144	27,417	7,267	1,062
other short term finances	0	0	0	0	0	0	0	0	0	0	8,000	8,000	7,556	5,356
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	260,851	372,313	339,264	350,332
total current liabilities	480,025	434,617	189,351	553,210	535,831	562,147	754,347	820,772	958,458	699,557	464,374	719,268	701,097	676,299
loans	0	0	12,522	0	0	0	0	0	0	0	0	0	7,596	17,783
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	340,677	453,415	530,463	0	0	0	0	0	0	0	0	0	0	0
provisions	57,943	56,965	48,410	52,683	48,970	40,506	26,796	20,901	12,417	3,680	3,680	7,629	13,454	7,629
total long term liabilities	398,620	510,380	591,395	52,683	48,970	40,506	26,796	20,901	12,417	3,680	3,680	7,629	21,050	25,412
total liabilities	878,645	944,997	780,746	605,893	584,801	602,653	781,143	841,673	970,875	703,237	468,054	726,897	722,147	701,711
net assets	403,142	195,140	14,005	332,339	609,294	474,335	442,805	301,529	187,296	318,334	274,466	146,670	162,646	144,111
total shareholders funds	403,142	195,140	14,005	332,339	609,294	474,335	442,805	301,529	187,296	318,334	274,466	146,670	162,646	144,111

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	271,864	221,519	-318,169	-277,032	166,378	38,779	174,337	142,738	-131,164	55,636	166,436	-15,286	26,205	144,053
Depreciation	28,626	26,927	30,487	34,515	33,579	27,034	23,997	22,717	15,287	16,420	25,113	34,617	29,462	19,318
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-69,334	-42,488	0	0	-31,645	-7,396	-33,139	-28,558	0	-11,661	-38,173	0	-6,512	-40,138
Stock	596	1,282	-7,128	374	-57	-1,615	1,578	-1,134	-3,075	3,555	2,779	2,051	-848	6,480
Debtors	290,974	482,613	-299,467	-370,557	46,314	-179,236	21,212	-75,406	150,930	236,445	-10,362	68,846	19,573	618,623
Creditors	45,408	245,266	-363,859	17,379	-26,316	-192,200	-66,425	-137,686	258,901	504,178	-108,003	-32,467	27,461	308,388
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	-260,851	-111,462	33,049	-11,068	350,332
Deferred Taxes & Provisions	978	8,555	-4,273	3,713	8,464	13,710	5,895	8,484	8,737	0	-3,949	-5,825	5,825	7,629
Cash flow from operations	-14,028	-24,116	-349,219	148,758	104,203	60,778	81,875	84,235	3,906	63,722	-62,455	-56,809	52,648	164,479
Investing Activities
capital expenditure	-32,538	0	-7,996	-54,054	-92,009	-85,315	-60,517	-65,141	-52,237	-18,084	-5,028	2,108	-53,142	-75,919
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-32,538	0	-7,996	-54,054	-92,009	-85,315	-60,517	-65,141	-52,237	-18,084	-5,028	2,108	-53,142	-75,919
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	-8,156	-3,005	0	11,161
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	-144	-27,273	20,150	6,205	1,062
Other Short Term Loans	0	0	0	0	0	0	0	0	0	-8,000	0	444	2,200	5,356
Long term loans	0	-12,522	12,522	0	0	0	0	0	0	0	0	-7,596	-10,187	17,783
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-112,738	-77,048	530,463	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	50	0	0	0	0	0	0	0	0	40,900
interest	5,472	2,105	-165	77	176	147	77	53	126	-107	-467	-690	-1,158	-705
cash flow from financing	-107,266	-87,465	542,820	77	226	147	77	53	126	-8,251	-35,896	9,303	-2,940	75,557
cash and cash equivalents
cash	-153,832	-111,582	185,605	94,781	12,420	-24,390	21,436	19,147	-48,205	37,387	-103,379	-45,398	-3,434	164,118
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-153,832	-111,582	185,605	94,781	12,420	-24,390	21,436	19,147	-48,205	37,387	-103,379	-45,398	-3,434	164,118

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 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 currently has 1 director, Mr Manchuen Chi serving since Jun 2002.

officer	country	age	start	end	role
Mr Manchuen Chi	United Kingdom	55 years	Jun 2002	-	Director

P&L

May 2023

turnover

4.1m

+59%

operating profit

271.9k

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

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company number

04441031

Type

Private limited with Share Capital

industry

52230 - Service activities incidental to air transportation

incorporation date

May 2002

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

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

last accounts submitted

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

global baggage solutions ltd Company Information

global baggage solutions ltd Estimated Valuation

global baggage solutions ltd Estimated Valuation

global baggage solutions ltd Estimated Valuation

Global Baggage Solutions Ltd Overview

Global Baggage Solutions Ltd Health Check

GLOBAL BAGGAGE SOLUTIONS LTD financials

global baggage solutions ltd Credit Report and Business Information

Global Baggage Solutions Ltd Competitor Analysis

global baggage solutions ltd Ownership

global baggage solutions ltd directors

global baggage solutions ltd company details

global baggage solutions ltd Charges & Mortgages

global baggage solutions ltd Companies House Filings - See Documents