general satellite corporation limited
general satellite corporation limited Company Information
Company Number
04502928
Next Accounts
1946 days late
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Directors
Shareholders
general satellite holding company ltd
Group Structure
View All
Contact
Registered Address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Website
www.general-satellite.comgeneral satellite corporation limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL SATELLITE CORPORATION LIMITED at £117.8m based on a Turnover of £48.8m and 2.41x industry multiple (adjusted for size and gross margin).
general satellite corporation limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL SATELLITE CORPORATION LIMITED at £0 based on an EBITDA of £-13.6m and a 9.37x industry multiple (adjusted for size and gross margin).
general satellite corporation limited Estimated Valuation
Pomanda estimates the enterprise value of GENERAL SATELLITE CORPORATION LIMITED at £0 based on Net Assets of £-17.8m and 1.31x industry multiple (adjusted for liquidity).
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General Satellite Corporation Limited Overview
General Satellite Corporation Limited is a live company located in london, EC2V 7BG with a Companies House number of 04502928. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in August 2002, it's largest shareholder is general satellite holding company ltd with a 100% stake. General Satellite Corporation Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.8m with declining growth in recent years.
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General Satellite Corporation Limited Health Check
Pomanda's financial health check has awarded General Satellite Corporation Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
6 Weak
Size
annual sales of £48.8m, make it larger than the average company (£14.7m)
£48.8m - General Satellite Corporation Limited
£14.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (6%)
-23% - General Satellite Corporation Limited
6% - Industry AVG
Production
with a gross margin of 33.9%, this company has a comparable cost of product (33.9%)
33.9% - General Satellite Corporation Limited
33.9% - Industry AVG
Profitability
an operating margin of -85.1% make it less profitable than the average company (5.6%)
-85.1% - General Satellite Corporation Limited
5.6% - Industry AVG
Employees
with 1329 employees, this is above the industry average (105)
1329 - General Satellite Corporation Limited
105 - Industry AVG
Pay Structure
on an average salary of £16.7k, the company has a lower pay structure (£34.5k)
£16.7k - General Satellite Corporation Limited
£34.5k - Industry AVG
Efficiency
resulting in sales per employee of £36.7k, this is less efficient (£155.1k)
£36.7k - General Satellite Corporation Limited
£155.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - General Satellite Corporation Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 0 days, this is quicker than average (47 days)
0 days - General Satellite Corporation Limited
47 days - Industry AVG
Stock Days
it holds stock equivalent to 1 days, this is less than average (35 days)
1 days - General Satellite Corporation Limited
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - General Satellite Corporation Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 865%, this is a higher level of debt than the average (68.9%)
865% - General Satellite Corporation Limited
68.9% - Industry AVG
GENERAL SATELLITE CORPORATION LIMITED financials
General Satellite Corporation Limited's latest turnover from December 2017 is £48.8 million and the company has net assets of -£17.8 million. According to their latest financial statements, General Satellite Corporation Limited has 1,329 employees and maintains cash reserves of £802 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,836,590 | 88,062,167 | 87,219,495 | 106,567,745 | 82,215,997 | 83,823,369 | 85,164,127 | 67,686,246 | 37,536,004 |
| Other Income Or Grants | 0 | 0 | |||||||
| Cost Of Sales | 52,097,652 | 28,181,237 | |||||||
| Gross Profit | 15,588,594 | 9,354,767 | |||||||
| Admin Expenses | 17,547,323 | 17,034,058 | |||||||
| Operating Profit | -41,546,181 | -25,561,279 | -25,999,299 | -23,882,160 | 4,954,781 | -1,958,729 | -7,679,291 | ||
| Interest Payable | 17,005,329 | 25,911,190 | 25,726,683 | 15,071,812 | 12,438,629 | 11,582,649 | 6,859,822 | 3,004,306 | 1,845,462 |
| Interest Receivable | 87,337,477 | 13,762,877 | 3,131,136 | 591,797 | 456,321 | 1,159,828 | 2,720,649 | 2,151,271 | 1,167,113 |
| Pre-Tax Profit | 131,567,496 | -36,829,485 | -51,663,745 | -46,365,288 | -17,862,882 | -16,342,321 | 8,477,642 | -2,507,109 | -8,357,640 |
| Tax | -815,275 | 3,418,295 | 820,477 | 1,202,630 | -434,206 | 67,214 | -462,234 | -468,763 | 2,388,530 |
| Profit After Tax | 130,752,220 | -33,411,190 | -50,843,268 | -45,162,658 | -18,297,088 | -16,275,107 | 8,015,408 | -2,975,871 | -5,969,110 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 133,651,865 | -33,023,979 | -50,843,268 | -41,214,743 | -18,297,088 | -16,275,107 | 5,880,924 | -3,035,178 | -5,972,244 |
| Employee Costs | 22,155,417 | 30,600,355 | 28,731,592 | 32,529,849 | 21,004,055 | 23,295,037 | 18,781,611 | 9,321,635 | 6,818,410 |
| Number Of Employees | 1,329 | 2,541 | 3,278 | 3,103 | 3,279 | 2,885 | 3,104 | 61 | |
| EBITDA* | -13,557,727 | -10,623,446 | -13,508,065 | -11,113,515 | 9,147,546 | 4,071,005 | -7,177,872 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 59,503 | 79,975,133 | 68,855,189 | 64,243,814 | 68,971,618 | 61,640,485 | 45,936,192 | 34,562,515 | 1,096,001 |
| Intangible Assets | 9,769 | 25,440,497 | 16,450,736 | 16,474,304 | 12,589,753 | 12,364,205 | 11,815,441 | 9,796,084 | 13,206,306 |
| Investments & Other | 0 | 3,819,715 | 4,860,624 | 4,288,804 | 3,572,429 | 5,850,722 | 4,132,473 | 1,326,671 | 858,664 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 117,799 | 0 |
| Total Fixed Assets | 69,271 | 105,415,630 | 85,305,925 | 80,718,117 | 81,561,371 | 74,004,689 | 57,751,632 | 44,358,599 | 15,160,971 |
| Stock & work in progress | 131,438 | 44,756,660 | 23,531,732 | 23,549,056 | 14,911,905 | 14,755,763 | 10,952,939 | 7,232,919 | 2,977,145 |
| Trade Debtors | 0 | 20,673,179 | 8,892,006 | 0 | 0 | 0 | 0 | 0 | 3,868,488 |
| Group Debtors | 0 | 0 | 0 | 22,467,554 | 12,086,251 | 7,874,951 | 12,170,490 | 8,133,073 | 119,505 |
| Misc Debtors | 165,186 | 14,962,699 | 12,127,454 | 13,313,722 | 6,815,333 | 10,719,030 | 1,787,807 | 1,472,906 | 2,627,792 |
| Cash | 801,953 | 13,384,547 | 21,110,624 | 19,825,229 | 19,544,415 | 14,777,647 | 11,246,022 | 6,818,588 | 21,989,766 |
| misc current assets | 1,158,970 | 6,905,861 | 7,009,993 | 6,472,573 | 5,506,082 | 20,958,187 | 37,023,949 | 31,168,251 | 333,276 |
| total current assets | 2,257,549 | 100,682,948 | 72,671,809 | 85,628,136 | 58,863,988 | 69,085,580 | 73,181,209 | 54,825,737 | 31,915,973 |
| total assets | 2,326,820 | 206,098,578 | 157,977,734 | 166,346,253 | 140,425,359 | 143,090,269 | 130,932,841 | 99,184,336 | 47,076,944 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 1 | 40,773,740 | 0 | 3 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 126,611 | 0 | 77,179 | 0 |
| Trade Creditors | 9,769 | 7,257,549 | 12,299,264 | 0 | 0 | 0 | 6,930,162 | 0 | 5,068,917 |
| Group/Directors Accounts | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 60,987 |
| other short term finances | 19,202,486 | 106,964,476 | 32,924,263 | 39,741,304 | 23,998,525 | 35,437,280 | 0 | 14,163,620 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 913,852 | 32,555,060 | 17,702,489 | 32,786,812 | 21,831,918 | 35,274,714 | 16,048,398 | 21,572,019 | 11,137,652 |
| total current liabilities | 20,126,110 | 146,777,087 | 62,926,017 | 72,528,119 | 45,849,613 | 70,944,119 | 63,752,303 | 35,898,936 | 16,267,558 |
| loans | 0 | 309,470,692 | 313,099,578 | 251,941,512 | 207,654,994 | 149,064,477 | 57,079,216 | 129,217,644 | 37,960,072 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 2,685,612 | 1,971,423 | 2,348,157 | 3,274,603 | 14,067 | 90,437 | 370,460 | 0 |
| provisions | 0 | 7,872,111 | 8,998,947 | 6,172,348 | 2,979,726 | 2,952,714 | 4,131,635 | 5,123,079 | 1,125,254 |
| total long term liabilities | 0 | 161,357,016 | 163,020,687 | 131,405,087 | 108,591,964 | 76,034,388 | 59,096,465 | 67,540,823 | 39,085,327 |
| total liabilities | 20,126,110 | 308,134,103 | 225,946,704 | 203,933,206 | 154,441,577 | 146,978,507 | 122,848,768 | 103,439,759 | 55,352,886 |
| net assets | -17,799,290 | -103,084,370 | -68,880,611 | -37,586,953 | -17,002,580 | -5,036,342 | -1,560,878 | -7,072,873 | -8,275,942 |
| total shareholders funds | -17,799,290 | -103,084,369 | -68,880,610 | -37,586,953 | -17,002,580 | -5,036,342 | -1,560,878 | -7,072,873 | -8,275,942 |
| Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | -41,546,181 | -25,561,279 | -25,999,299 | -23,882,160 | 4,954,781 | -1,958,729 | -7,679,291 | ||
| Depreciation | 17,286,856 | 11,219,361 | 10,421,634 | 10,044,125 | 7,711,021 | 4,619,773 | 3,647,630 | 1,967,666 | 330,721 |
| Amortisation | 10,701,598 | 3,718,472 | 2,069,600 | 2,724,519 | 1,528,934 | 950,371 | 545,134 | 4,062,068 | 170,699 |
| Tax | -815,275 | 3,418,295 | 820,477 | 1,202,630 | -434,206 | 67,214 | -462,234 | -468,763 | 2,388,530 |
| Stock | -44,625,222 | 21,224,928 | -17,324 | 8,637,151 | 156,142 | 3,802,824 | 3,720,020 | 4,255,774 | 2,977,145 |
| Debtors | -35,470,693 | 14,616,419 | -14,761,817 | 16,879,693 | 307,602 | 4,635,684 | 4,234,520 | 3,107,992 | 6,615,786 |
| Creditors | -7,247,780 | -5,041,715 | 12,299,264 | 0 | 0 | -6,930,162 | 6,930,162 | -5,068,917 | 5,068,917 |
| Accruals and Deferred Income | -31,641,208 | 14,852,571 | -15,084,323 | 10,954,894 | -13,442,796 | 19,226,316 | -5,523,621 | 10,434,367 | 11,137,652 |
| Deferred Taxes & Provisions | -7,872,111 | -1,126,836 | 2,826,599 | 3,192,622 | 27,012 | -1,178,921 | -991,444 | 3,997,825 | 1,125,254 |
| Cash flow from operations | 18,961,814 | -34,362,478 | 2,133,093 | -21,280,214 | 1,145,868 | 5,601,751 | 2,949,551 | ||
| Investing Activities | |||||||||
| capital expenditure | -10,538,232 | ||||||||
| Change in Investments | -3,819,715 | -1,040,909 | 571,820 | 716,375 | -2,278,293 | 1,718,249 | 2,805,802 | 468,007 | 858,664 |
| cash flow from investments | -11,396,896 | ||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | -126,611 | 126,611 | -77,179 | 77,179 | 0 |
| Group/Directors Accounts | 0 | 1 | -1 | 0 | 0 | 105,510 | 1 | 0 | 60,987 |
| Other Short Term Loans | -87,761,990 | 74,040,213 | -6,817,041 | 15,742,779 | -11,438,755 | 35,437,280 | -14,163,620 | 14,163,620 | 0 |
| Long term loans | -309,470,692 | -3,628,886 | 61,158,066 | 44,286,518 | 58,590,517 | 91,985,261 | -72,138,428 | 91,257,572 | 37,960,072 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -2,685,612 | 714,189 | -376,734 | -926,446 | 3,260,536 | -76,370 | -280,023 | 370,460 | 0 |
| share issue | |||||||||
| interest | 70,332,148 | -12,148,313 | -22,595,547 | -14,480,015 | -11,982,308 | -10,422,821 | -4,139,173 | -853,035 | -678,349 |
| cash flow from financing | -377,952,931 | 57,797,424 | 50,918,354 | 65,253,206 | 44,634,229 | 129,955,113 | -91,167,350 | 109,254,043 | 35,039,012 |
| cash and cash equivalents | |||||||||
| cash | -12,582,594 | -7,726,077 | 1,285,395 | 280,814 | 4,766,768 | 3,531,625 | 4,427,434 | -15,171,178 | 21,989,766 |
| overdraft | 0 | 0 | 0 | 0 | -1 | -40,773,739 | 40,773,740 | -3 | 3 |
| change in cash | -12,582,594 | -7,726,077 | 1,285,395 | 280,814 | 4,766,769 | 44,305,364 | -36,346,306 | -15,171,175 | 21,989,763 |
general satellite corporation limited Credit Report and Business Information
General Satellite Corporation Limited Competitor Analysis
Perform a competitor analysis for general satellite corporation limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in EC2V area or any other competitors across 12 key performance metrics.
general satellite corporation limited Ownership
GENERAL SATELLITE CORPORATION LIMITED group structure
General Satellite Corporation Limited has 1 subsidiary company.
Ultimate parent company
GENERAL SATELLITE HOLDING COMPANY LTD
#0080437
1 parent
GENERAL SATELLITE CORPORATION LIMITED
04502928
1 subsidiary
general satellite corporation limited directors
General Satellite Corporation Limited currently has 1 director, Mr Andrew Spriggs serving since Sep 2014.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Andrew Spriggs | England | 61 years | Sep 2014 | - | Director |
P&L
December 2017turnover
48.8m
-45%
operating profit
-41.5m
+63%
gross margin
34%
-0.58%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2017net assets
-17.8m
-0.83%
total assets
2.3m
-0.99%
cash
802k
-0.94%
net assets
Total assets minus all liabilities
general satellite corporation limited company details
company number
04502928
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
August 2002
age
23
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
December 2017
previous names
N/A
accountant
-
auditor
-
address
c/o evelyn partners llp, 45 gresham street, london, EC2V 7BG
Bank
-
Legal Advisor
-
general satellite corporation 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 did not find charges/mortgages relating to general satellite corporation limited.
general satellite corporation limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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general satellite corporation limited Companies House Filings - See Documents
| date | description | view/download |
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