Gileskips Manufacturers Ltd

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gileskips manufacturers ltd Company Information

Live

MatureSmallDeclining

Company Number

04458439

Website

www.gileskips.co.uk

Registered Address

phoenix works, richards street, darlaston, west midlands, WS10 8BZ

Industry

Manufacture of metal structures and parts of structures

Telephone

01215687278

Next Accounts Due

December 2024

Group Structure

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Directors

David Giles22 Years

Shareholders

julie giles 50%

david giles 50%

gileskips manufacturers ltd Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of GILESKIPS MANUFACTURERS LTD at £1.7m based on a Turnover of £3m and 0.57x industry multiple (adjusted for size and gross margin).

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Gileskips Manufacturers Ltd is a live company located in darlaston, WS10 8BZ with a Companies House number of 04458439. It operates in the manufacture of metal structures and parts of structures sector, SIC Code 25110. Founded in June 2002, it's largest shareholder is julie giles with a 50% stake. Gileskips Manufacturers Ltd is a mature, small sized company, Pomanda has estimated its turnover at £3m with declining growth in recent years.

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Pomanda's financial health check has awarded Gileskips Manufacturers Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £3m, make it smaller than the average company (£13.1m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.1%)

EXPORT

Gileskips Manufacturers Ltd's latest turnover from March 2023 is estimated at £3 million and the company has net assets of £129.1 thousand. According to their latest financial statements, Gileskips Manufacturers Ltd has 35 employees and maintains cash reserves of £181.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Turnover	2,974,330	4,113,753	3,546,313	3,107,316	3,064,307	2,710,685	2,677,948	2,012,069	2,453,782	3,395,492	2,396,058	2,196,796	2,316,641	1,678,377
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,261,687	3,168,670	2,717,224	2,333,470	2,239,135	1,968,295	1,931,498	1,452,310	1,796,269	2,515,132	1,754,334	1,620,221	1,678,608	1,206,017
Gross Profit	712,643	945,082	829,089	773,846	825,172	742,390	746,450	559,759	657,514	880,360	641,724	576,575	638,033	472,360
Admin Expenses	670,943	884,842	853,833	754,870	836,898	779,154	777,056	394,644	658,750	876,349	641,229	580,727	547,933	532,227
Operating Profit	41,700	60,240	-24,744	18,976	-11,726	-36,764	-30,606	165,115	-1,236	4,011	495	-4,152	90,100	-59,867
Interest Payable	4,271	3,263	1,525	409	453	0	0	0	0	0	0	0	759	759
Interest Receivable	7,722	1,623	207	83	186	157	83	271	248	106	116	336	220	0
Pre-Tax Profit	45,151	58,601	-26,062	18,649	-11,993	-36,607	-30,523	165,386	-988	4,117	611	-3,816	89,561	-60,626
Tax	-8,579	-11,134	0	-3,543	0	0	0	-33,077	0	-947	-147	0	-25,077	0
Profit After Tax	36,572	47,467	-26,062	15,106	-11,993	-36,607	-30,523	132,309	-988	3,170	464	-3,816	64,484	-60,626
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	36,572	47,467	-26,062	15,106	-11,993	-36,607	-30,523	132,309	-988	3,170	464	-3,816	64,484	-60,626
Employee Costs	1,424,955	1,552,981	1,463,780	1,350,235	1,325,018	1,300,857	1,230,833	559,737	645,822	909,152	623,734	572,040	642,370	488,119
Number Of Employees	35	41	40	36	36	37	35	17	19	28	19	18	21	16
EBITDA*	57,839	63,633	-20,752	23,673	-6,201	-30,284	-18,969	177,217	-1,236	9,687	6,502	2,545	96,597	-46,301

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Tangible Assets	48,415	19,229	22,622	26,614	31,311	36,836	43,316	49,953	56,955	32,165	34,041	37,953	36,815	40,697
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	48,415	19,229	22,622	26,614	31,311	36,836	43,316	49,953	56,955	32,165	34,041	37,953	36,815	40,697
Stock & work in progress	543,097	770,780	640,860	399,100	378,389	303,265	318,500	237,695	217,600	206,835	204,910	175,000	162,000	185,000
Trade Debtors	125,830	316,198	178,896	269,420	383,086	277,313	315,320	353,461	395,468	637,626	384,783	347,544	399,421	301,850
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,930	8,930	8,930	11,060	5,510	39,126	23,979	13,837	0	0	62,164	67,706	28,684	0
Cash	181,115	182,271	250,657	163,418	2,025	47,553	15,112	51,266	57,100	42,232	0	46,230	87,985	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	858,972	1,278,179	1,079,343	842,998	769,010	667,257	672,911	656,259	670,168	886,693	651,857	636,480	678,090	486,850
total assets	907,387	1,297,408	1,101,965	869,612	800,321	704,093	716,227	706,212	727,123	918,858	685,898	674,433	714,905	527,547
Bank overdraft	36,667	46,667	50,000	0	13,422	0	0	0	0	0	0	0	0	23,355
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	599,513	995,317	874,542	653,203	602,843	602,645	537,412	456,100	724,335	915,082	685,292	674,291	710,947	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	7,307
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	142,150	162,939	132,405	145,329	128,082	33,481	74,241	115,015	0	0	0	0	0	557,411
total current liabilities	778,330	1,204,923	1,056,947	798,532	744,347	636,126	611,653	571,115	724,335	915,082	685,292	674,291	710,947	588,073
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	778,330	1,204,923	1,056,947	798,532	744,347	636,126	611,653	571,115	724,335	915,082	685,292	674,291	710,947	588,073
net assets	129,057	92,485	45,018	71,080	55,974	67,967	104,574	135,097	2,788	3,776	606	142	3,958	-60,526
total shareholders funds	129,057	92,485	45,018	71,080	55,974	67,967	104,574	135,097	2,788	3,776	606	142	3,958	-60,526

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015	Mar 2014	Mar 2013	Mar 2012	Mar 2011	Mar 2010
Operating Activities
Operating Profit	41,700	60,240	-24,744	18,976	-11,726	-36,764	-30,606	165,115	-1,236	4,011	495	-4,152	90,100	-59,867
Depreciation	16,139	3,393	3,992	4,697	5,525	6,480	11,637	12,102	0	5,676	6,007	6,697	6,497	13,566
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-8,579	-11,134	0	-3,543	0	0	0	-33,077	0	-947	-147	0	-25,077	0
Stock	-227,683	129,920	241,760	20,711	75,124	-15,235	80,805	20,095	10,765	1,925	29,910	13,000	-23,000	185,000
Debtors	-190,368	137,302	-92,654	-108,116	72,157	-22,860	-27,999	-28,170	-242,158	190,679	31,697	-12,855	126,255	301,850
Creditors	-395,804	120,775	221,339	50,360	198	65,233	81,312	-268,235	-190,747	229,790	11,001	-36,656	710,947	0
Accruals and Deferred Income	-20,789	30,534	-12,924	17,247	94,601	-40,760	-40,774	115,015	0	0	0	0	-557,411	557,411
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	50,718	-63,414	38,557	175,142	-58,683	32,284	-31,237	-1,005	39,410	45,926	-44,251	-34,256	121,801	24,260
Investing Activities
capital expenditure	-45,325	0	0	0	0	0	-5,000	-5,100	-24,790	-3,800	-2,095	-7,835	-2,615	-54,263
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-45,325	0	0	0	0	0	-5,000	-5,100	-24,790	-3,800	-2,095	-7,835	-2,615	-54,263
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	-7,307	7,307
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	3,451	-1,640	-1,318	-326	-267	157	83	271	248	106	116	336	-539	-759
cash flow from financing	3,451	-1,640	-1,318	-326	-267	157	83	271	248	106	116	336	-7,846	6,648
cash and cash equivalents
cash	-1,156	-68,386	87,239	161,393	-45,528	32,441	-36,154	-5,834	14,868	42,232	-46,230	-41,755	87,985	0
overdraft	-10,000	-3,333	50,000	-13,422	13,422	0	0	0	0	0	0	0	-23,355	23,355
change in cash	8,844	-65,053	37,239	174,815	-58,950	32,441	-36,154	-5,834	14,868	42,232	-46,230	-41,755	111,340	-23,355

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GILESKIPS MANUFACTURERS LTD group structure

Gileskips Manufacturers Ltd has no subsidiary companies.

Ultimate parent company

GILESKIPS MANUFACTURERS LTD

04458439

GILESKIPS MANUFACTURERS LTD Shareholders

julie giles	50%
david giles	50%

Gileskips Manufacturers Ltd currently has 1 director, Mr David Giles serving since Jun 2002.

officer	country	age	start	end	role
Mr David Giles		52 years	Jun 2002	-	Director

P&L

March 2023

turnover

-28%

operating profit

41.7k

gross margin

24%

+4.29%

turnover

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

Balance Sheet

March 2023

net assets

129.1k

+0.4%

total assets

907.4k

-0.3%

cash

181.1k

-0.01%

net assets

Total assets minus all liabilities

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company number

04458439

Type

Private limited with Share Capital

industry

25110 - Manufacture of metal structures and parts of structures

incorporation date

June 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

phoenix works, richards street, darlaston, west midlands, WS10 8BZ

last accounts submitted

March 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.

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gileskips manufacturers ltd Company Information

gileskips manufacturers ltd Estimated Valuation

gileskips manufacturers ltd Estimated Valuation

gileskips manufacturers ltd Estimated Valuation

Gileskips Manufacturers Ltd Overview

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GILESKIPS MANUFACTURERS LTD financials

gileskips manufacturers ltd Credit Report and Business Information

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