Gt Couriers (uk) Limited

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gt couriers (uk) limited Company Information

Live

MatureSmallDeclining

Company Number

04516307

Website

http://otrwheel.com

Registered Address

81 burton road, derby, derbyshire, DE1 1TJ

Industry

Licensed Carriers

Telephone

08456584414

Next Accounts Due

September 2024

Group Structure

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Directors

Wayne Turner21 Years

Jeremy Gibbins21 Years

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Shareholders

mr wayne turner 37.5%

mr jeremy gibbins 37.5%

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gt couriers (uk) limited Estimated Valuation

£2.2m

Pomanda estimates the enterprise value of GT COURIERS (UK) LIMITED at £2.2m based on Net Assets of £795.1k and 2.75x industry multiple (adjusted for liquidity).

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Gt Couriers (uk) Limited is a live company located in derbyshire, DE1 1TJ with a Companies House number of 04516307. It operates in the other postal and courier activities sector, SIC Code 53201. Founded in August 2002, it's largest shareholder is mr wayne turner with a 37.5% stake. Gt Couriers (uk) Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.6m with declining growth in recent years.

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Pomanda's financial health check has awarded Gt Couriers (Uk) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

2 Strong

5 Regular

5 Weak

Size

annual sales of £4.6m, make it in line with the average company (£4.9m)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (8.8%)

EXPORT

Gt Couriers (Uk) Limited's latest turnover from December 2022 is estimated at £4.6 million and the company has net assets of £795.1 thousand. According to their latest financial statements, Gt Couriers (Uk) Limited has 36 employees and maintains cash reserves of £585.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	4,551,319	6,131,840	5,156,959	4,731,578	4,010,937	3,967,910	5,033,353	2,823,385	2,966,908	3,050,241	2,313,243	2,409,251	1,894,454	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,843,499	5,038,150	4,271,383	3,852,911	3,214,059	3,127,017	4,265,019	2,279,771	2,436,076	2,509,312	1,565,887	1,752,004	1,448,103	0
Gross Profit	707,820	1,093,691	885,576	878,667	796,879	840,893	768,334	543,614	530,832	540,929	747,356	657,247	446,351	0
Admin Expenses	725,594	914,642	646,550	919,516	886,404	762,161	657,401	467,054	521,565	523,551	688,266	597,942	443,408	-355,658
Operating Profit	-17,774	179,049	239,026	-40,849	-89,525	78,732	110,933	76,560	9,267	17,378	59,090	59,305	2,943	355,658
Interest Payable	0	1,563	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	15,568	988	348	1,555	1,824	1,293	541	1,097	1,022	803	643	557	669	368
Pre-Tax Profit	-2,206	178,475	237,849	-39,294	-87,701	80,026	111,474	77,658	10,289	18,182	59,733	59,862	3,613	356,026
Tax	0	-33,910	-45,191	0	0	-15,205	-22,295	-15,531	-2,161	-4,182	-14,336	-15,564	-1,011	-99,687
Profit After Tax	-2,206	144,565	192,658	-39,294	-87,701	64,821	89,179	62,126	8,128	14,000	45,397	44,298	2,601	256,339
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,206	144,565	192,658	-39,294	-87,701	64,821	89,179	62,126	8,128	14,000	45,397	44,298	2,601	256,339
Employee Costs	1,103,761	1,202,518	1,187,240	1,238,262	1,172,388	1,149,631	1,002,468	238,693	236,779	221,093	127,023	141,449	141,449	0
Number Of Employees	36	38	39	43	42	40	35	9	9	8	5	5	5	0
EBITDA*	-6,279	208,119	279,753	31,243	-41,315	113,537	117,500	89,467	43,373	50,164	88,440	66,684	14,631	367,810

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	23,326	26,108	37,667	75,610	65,460	97,007	7,216	9,758	16,527	48,231	51,650	8,193	6,526	11,089
Intangible Assets	1	1	1	1	1	1	1	1	1	1	1	3,598	7,198	0
Investments & Other	1	1	1	1	1	1	1	1	1	1	1	1	1	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	23,328	26,110	37,669	75,612	65,462	97,009	7,218	9,760	16,529	48,233	51,652	11,792	13,725	11,089
Stock & work in progress	10,676	10,676	8,763	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	585,854	948,580	747,650	662,009	615,822	678,234	664,016	527,985	399,813	456,770	401,780	405,916	309,172	243,511
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	31,112	14,468	11,777	20,918	21,037	15,584	47,327	42,127	125	0	0	0	0	196
Cash	585,444	304,144	486,648	209,234	205,319	281,199	236,195	196,651	242,203	166,619	154,741	102,607	120,323	147,289
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,213,086	1,277,868	1,254,838	892,161	842,178	975,017	947,538	766,763	642,141	623,389	556,521	508,523	429,495	390,996
total assets	1,236,414	1,303,978	1,292,507	967,773	907,640	1,072,026	954,756	776,523	658,670	671,622	608,173	520,315	443,220	402,085
Bank overdraft	0	0	5,833	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	174,460	230,385	199,998	263,589	180,522	197,677	215,517	152,789	254,540	254,816	208,745	216,877	184,080	145,546
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	41,636	46,673	21,376	21,376	0	33,167	0	0	0	0	0	0
other current liabilities	262,442	272,063	341,876	148,152	146,317	178,775	216,971	157,478	0	0	0	0	0	0
total current liabilities	436,902	502,448	589,343	458,414	348,215	397,828	432,488	343,434	254,540	254,816	208,745	216,877	184,080	145,546
loans	0	0	44,167	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	36,011	48,955	70,331	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	33,167	51,496	49,009	0	0	0
provisions	4,401	4,213	6,245	13,254	11,082	16,778	0	0	0	2,475	1,584	0	0	0
total long term liabilities	4,401	4,213	50,412	49,265	60,037	87,109	0	0	33,167	53,971	50,593	0	0	0
total liabilities	441,303	506,661	639,755	507,679	408,252	484,937	432,488	343,434	287,707	308,787	259,338	216,877	184,080	145,546
net assets	795,111	797,317	652,752	460,094	499,388	587,089	522,268	433,089	370,963	362,835	348,835	303,438	259,140	256,539
total shareholders funds	795,111	797,317	652,752	460,094	499,388	587,089	522,268	433,089	370,963	362,835	348,835	303,438	259,140	256,539

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-17,774	179,049	239,026	-40,849	-89,525	78,732	110,933	76,560	9,267	17,378	59,090	59,305	2,943	355,658
Depreciation	11,495	29,070	40,727	72,092	48,210	34,805	6,567	12,907	34,106	32,786	25,753	3,779	8,088	12,152
Amortisation	0	0	0	0	0	0	0	0	0	0	3,597	3,600	3,600	0
Tax	0	-33,910	-45,191	0	0	-15,205	-22,295	-15,531	-2,161	-4,182	-14,336	-15,564	-1,011	-99,687
Stock	0	1,913	8,763	0	0	0	0	0	0	0	0	0	0	0
Debtors	-346,082	203,621	76,500	46,068	-56,959	-17,525	141,231	170,174	-56,832	54,990	-4,136	96,744	65,465	243,707
Creditors	-55,925	30,387	-63,591	83,067	-17,155	-17,840	62,728	-101,751	-276	46,071	-8,132	32,797	38,534	145,546
Accruals and Deferred Income	-9,621	-69,813	193,724	1,835	-32,458	-38,196	59,493	157,478	0	0	0	0	0	0
Deferred Taxes & Provisions	188	-2,032	-7,009	2,172	-5,696	16,778	0	0	-2,475	891	1,584	0	0	0
Cash flow from operations	274,445	-72,783	272,423	72,249	-39,665	76,599	76,195	-40,511	95,293	37,954	71,692	-12,827	-13,311	169,962
Investing Activities
capital expenditure	-8,713	-17,511	-2,784	-82,242	-16,663	-124,596	-4,025	-6,138	-2,402	-29,367	-69,210	-5,446	-14,323	-23,241
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	1	0
cash flow from investments	-8,713	-17,511	-2,784	-82,242	-16,663	-124,596	-4,025	-6,138	-2,402	-29,367	-69,210	-5,446	-14,324	-23,241
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	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-44,167	44,167	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-41,636	-41,048	12,353	-21,376	91,707	-33,167	33,167	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-33,167	-18,329	2,487	49,009	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	200
interest	15,568	-575	-1,177	1,555	1,824	1,293	541	1,097	1,022	803	643	557	669	368
cash flow from financing	15,568	-86,378	1,942	13,908	-19,552	93,000	-32,626	1,097	-17,307	3,290	49,652	557	669	568
cash and cash equivalents
cash	281,300	-182,504	277,414	3,915	-75,880	45,004	39,544	-45,552	75,584	11,878	52,134	-17,716	-26,966	147,289
overdraft	0	-5,833	5,833	0	0	0	0	0	0	0	0	0	0	0
change in cash	281,300	-176,671	271,581	3,915	-75,880	45,004	39,544	-45,552	75,584	11,878	52,134	-17,716	-26,966	147,289

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GT COURIERS (UK) LIMITED group structure

Gt Couriers (Uk) Limited has 1 subsidiary company.

Ultimate parent company

GT COURIERS (UK) LIMITED

04516307

1 subsidiary

GT CONTRACT MANAGEMENT LIMITED

07203077

GT COURIERS (UK) LIMITED Shareholders

mr wayne turner	37.5%
mr jeremy gibbins	37.5%
julie catherine turner	12.5%
mrs nicola louise gibbins	12.5%

Gt Couriers (Uk) Limited currently has 4 directors. The longest serving directors include Mr Wayne Turner (Aug 2002) and Mr Jeremy Gibbins (Aug 2002).

officer	country	age	start	end	role
Mr Wayne Turner		60 years	Aug 2002	-	Director
Mr Jeremy Gibbins		55 years	Aug 2002	-	Director
Mrs Julie Turner	England	55 years	May 2018	-	Director
Mrs Nicola Gibbins	England	53 years	May 2018	-	Director

P&L

December 2022

turnover

4.6m

-26%

operating profit

-17.8k

gross margin

15.6%

-12.81%

turnover

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

Balance Sheet

December 2022

net assets

795.1k

total assets

1.2m

-0.05%

cash

585.4k

+0.92%

net assets

Total assets minus all liabilities

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company number

04516307

Type

Private limited with Share Capital

industry

53201 - Licensed Carriers

incorporation date

August 2002

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

81 burton road, derby, derbyshire, DE1 1TJ

last accounts submitted

December 2022

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 gt couriers (uk) limited.

gt couriers (uk) limited Company Information

gt couriers (uk) limited Estimated Valuation

gt couriers (uk) limited Estimated Valuation

gt couriers (uk) limited Estimated Valuation

Gt Couriers (uk) Limited Overview

Gt Couriers (uk) Limited Health Check

GT COURIERS (UK) LIMITED financials

gt couriers (uk) limited Credit Report and Business Information

Gt Couriers (uk) Limited Competitor Analysis

gt couriers (uk) limited Ownership

gt couriers (uk) limited directors

gt couriers (uk) limited company details

gt couriers (uk) limited Charges & Mortgages

gt couriers (uk) limited Companies House Filings - See Documents