G T Lifting Solutions Limited

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g t lifting solutions limited Company Information

Live

MatureMidHigh

Company Number

04575148

Website

www.gtlift.co.uk

Registered Address

the business park, maydwell avenue, horsham, RH13 0AS

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

03456037180

Next Accounts Due

July 2024

Group Structure

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Directors

Graham Trundell21 Years

Alison Trundell14 Years

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Shareholders

gt lifting group limited 92.3%

keir bradley trundell 5.8%

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g t lifting solutions limited Estimated Valuation

£13.6m

Pomanda estimates the enterprise value of G T LIFTING SOLUTIONS LIMITED at £13.6m based on Net Assets of £5.5m and 2.48x industry multiple (adjusted for liquidity).

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G T Lifting Solutions Limited is a live company located in horsham, RH13 0AS with a Companies House number of 04575148. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in October 2002, it's largest shareholder is gt lifting group limited with a 92.3% stake. G T Lifting Solutions Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9.3m with high growth in recent years.

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Pomanda's financial health check has awarded G T Lifting Solutions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

4 Strong

4 Regular

4 Weak

Size

annual sales of £9.3m, make it smaller than the average company (£12.6m)

Growth

3 year (CAGR) sales growth of 25%, show it is growing at a faster rate (4.1%)

EXPORT

G T Lifting Solutions Limited's latest turnover from October 2022 is estimated at £9.3 million and the company has net assets of £5.5 million. According to their latest financial statements, G T Lifting Solutions Limited has 25 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Turnover	9,330,997	5,368,329	5,245,670	4,723,553	6,171,902	3,620,277	2,253,272	3,956,178	3,076,394	3,500,717	3,551,012	2,982,560	2,691,373	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,053,161	3,617,321	3,548,972	3,228,907	4,055,688	2,343,232	1,490,555	2,629,492	2,073,367	2,388,421	2,417,536	1,997,070	1,808,247	0
Gross Profit	3,277,836	1,751,008	1,696,698	1,494,646	2,116,214	1,277,045	762,717	1,326,686	1,003,027	1,112,297	1,133,476	985,489	883,126	0
Admin Expenses	2,298,640	918,814	1,397,516	529,610	1,306,970	598,551	674,629	1,044,806	387,264	598,521	767,916	747,708	805,796	-628,118
Operating Profit	979,196	832,194	299,182	965,036	809,244	678,494	88,088	281,880	615,763	513,776	365,560	237,781	77,330	628,118
Interest Payable	43,098	72,520	74,087	75,010	77,176	84,214	47,952	0	0	0	0	0	0	0
Interest Receivable	30,146	1,530	1,579	8,782	6,001	1,260	1,269	2,963	1,622	356	44	217	291	118
Pre-Tax Profit	966,244	761,205	226,674	898,809	738,068	595,541	41,405	284,843	617,385	514,131	365,604	237,997	77,621	628,236
Tax	-183,586	-144,629	-43,068	-170,774	-140,233	-113,153	-8,281	-56,968	-129,651	-118,250	-87,745	-61,879	-21,734	-175,906
Profit After Tax	782,658	616,576	183,606	728,035	597,835	482,388	33,124	227,874	487,734	395,881	277,859	176,118	55,887	452,330
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	782,658	616,576	183,606	728,035	597,835	482,388	33,124	227,874	487,734	395,881	277,859	176,118	55,887	452,330
Employee Costs	1,046,913	1,337,204	1,092,504	1,005,233	918,443	761,650	488,270	943,544	759,377	915,398	900,673	800,955	703,889	0
Number Of Employees	25	33	28	26	24	21	14	27	23	29	28	26	24	0
EBITDA*	3,197,210	2,479,521	1,711,003	2,350,083	1,919,070	1,595,994	868,917	966,059	1,219,554	1,024,975	809,272	676,148	493,755	943,686

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Tangible Assets	11,676,522	8,502,206	7,262,781	7,040,143	6,779,608	4,909,844	4,445,395	2,690,599	2,657,125	2,448,814	2,214,565	1,834,364	1,789,863	1,434,528
Intangible Assets	5,720	5,120	6,560	2,400	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	11,682,242	8,507,326	7,269,341	7,042,543	6,779,608	4,909,844	4,445,395	2,690,599	2,657,125	2,448,814	2,214,565	1,834,364	1,789,863	1,434,528
Stock & work in progress	369,645	75,774	67,354	110,672	115,543	85,719	53,678	79,411	53,390	0	0	0	0	0
Trade Debtors	2,118,286	1,167,393	967,803	1,130,283	1,227,078	892,047	622,230	759,191	594,536	640,071	640,057	512,166	402,949	349,038
Group Debtors	875,786	616	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	633,329	48,228	66,355	369,655	52,960	33,287	314,799	0	0	0	0	0	0	0
Cash	1,364,780	1,314,875	1,745,928	1,412,724	929,103	671,085	337,168	678,185	506,889	141,987	226	17,481	69,221	47,106
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,361,826	2,606,886	2,847,440	3,023,334	2,324,684	1,682,138	1,327,875	1,516,787	1,154,815	782,058	640,283	529,647	472,170	396,144
total assets	17,044,068	11,114,212	10,116,781	10,065,877	9,104,292	6,591,982	5,773,270	4,207,386	3,811,940	3,230,872	2,854,848	2,364,011	2,262,033	1,830,672
Bank overdraft	0	67,970	66,086	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	31,377	30,358	35,039	374,090	0	0	0	0	0	0	0
Trade Creditors	1,889,907	993,425	1,201,823	602,022	1,748,171	452,069	166,974	1,034,100	957,610	934,589	922,319	868,548	764,427	526,998
Group/Directors Accounts	169,320	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	0	0	905,446	712,721	615,238	0	0	0	0	0	0	0
other current liabilities	2,891,525	1,460,618	1,237,220	1,481,559	357,307	370,135	311,369	0	0	0	0	0	0	0
total current liabilities	4,950,752	2,522,013	2,505,129	2,114,958	3,041,282	1,569,964	1,467,671	1,034,100	957,610	934,589	922,319	868,548	764,427	526,998
loans	0	976,828	1,266,813	1,064,798	1,095,971	1,125,341	1,160,380	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	2,511,804	1,524,974	1,098,203	818,873	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	5,471,307	2,234,420	1,691,664	0	0	0	0	853,499	793,417	758,104	801,631	648,324	843,585	730,094
provisions	1,124,000	665,600	554,400	459,148	254,931	209,175	219,435	246,000	215,000	180,000	168,600	162,700	145,700	121,150
total long term liabilities	6,595,307	3,876,848	3,512,877	4,035,750	2,875,876	2,432,719	2,198,688	1,099,499	1,008,417	938,104	970,231	811,024	989,285	851,244
total liabilities	11,546,059	6,398,861	6,018,006	6,150,708	5,917,158	4,002,683	3,666,359	2,133,599	1,966,027	1,872,693	1,892,550	1,679,572	1,753,712	1,378,242
net assets	5,498,009	4,715,351	4,098,775	3,915,169	3,187,134	2,589,299	2,106,911	2,073,787	1,845,913	1,358,179	962,298	684,439	508,321	452,430
total shareholders funds	5,498,009	4,715,351	4,098,775	3,915,169	3,187,134	2,589,299	2,106,911	2,073,787	1,845,913	1,358,179	962,298	684,439	508,321	452,430

	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013	Oct 2012	Oct 2011	Oct 2010	Oct 2009
Operating Activities
Operating Profit	979,196	832,194	299,182	965,036	809,244	678,494	88,088	281,880	615,763	513,776	365,560	237,781	77,330	628,118
Depreciation	2,216,214	1,645,887	1,411,181	1,385,047	1,109,826	917,500	780,829	684,179	603,791	511,199	443,712	438,367	416,425	315,568
Amortisation	1,800	1,440	640	0	0	0	0	0	0	0	0	0	0	0
Tax	-183,586	-144,629	-43,068	-170,774	-140,233	-113,153	-8,281	-56,968	-129,651	-118,250	-87,745	-61,879	-21,734	-175,906
Stock	293,871	8,420	-43,318	-4,871	29,824	32,041	-25,733	26,021	53,390	0	0	0	0	0
Debtors	2,411,164	182,079	-465,780	219,900	354,704	-11,695	177,838	164,655	-45,535	14	127,891	109,217	53,911	349,038
Creditors	896,482	-208,398	599,801	-1,146,149	1,296,102	285,095	-867,126	76,490	23,021	12,270	53,771	104,121	237,429	526,998
Accruals and Deferred Income	1,430,907	223,398	-244,339	1,124,252	-12,828	58,766	311,369	0	0	0	0	0	0	0
Deferred Taxes & Provisions	458,400	111,200	95,252	204,217	45,756	-10,260	-26,565	31,000	35,000	11,400	5,900	17,000	24,550	121,150
Cash flow from operations	3,094,378	2,270,593	2,627,747	2,146,600	2,723,339	1,796,096	126,209	825,905	1,140,069	930,381	653,307	626,173	680,089	1,066,890
Investing Activities
capital expenditure	-5,392,930	-2,885,312	-1,638,619	-1,647,982	-2,979,590	-1,381,949	-2,535,625	-717,653	-812,102	-745,448	-823,913	-482,868	-771,760	-1,750,096
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,392,930	-2,885,312	-1,638,619	-1,647,982	-2,979,590	-1,381,949	-2,535,625	-717,653	-812,102	-745,448	-823,913	-482,868	-771,760	-1,750,096
Financing Activities
Bank loans	0	0	-31,377	1,019	-4,681	-339,051	374,090	0	0	0	0	0	0	0
Group/Directors Accounts	169,320	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	-976,828	-289,985	202,015	-31,173	-29,370	-35,039	1,160,380	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	-2,511,804	81,384	619,496	376,813	1,434,111	0	0	0	0	0	0	0
other long term liabilities	3,236,887	542,756	1,691,664	0	0	0	-853,499	60,082	35,313	-43,527	153,307	-195,261	113,491	730,094
share issue	0	0	0	0	0	0	0	0	0	0	0	0	4	100
interest	-12,952	-70,990	-72,508	-66,228	-71,175	-82,954	-46,683	2,963	1,622	356	44	217	291	118
cash flow from financing	2,416,427	181,781	-722,010	-14,998	514,270	-80,231	2,068,399	63,045	36,935	-43,171	153,351	-195,044	113,786	730,312
cash and cash equivalents
cash	49,905	-431,053	333,204	483,621	258,018	333,917	-341,017	171,296	364,902	141,761	-17,255	-51,740	22,115	47,106
overdraft	-67,970	1,884	66,086	0	0	0	0	0	0	0	0	0	0	0
change in cash	117,875	-432,937	267,118	483,621	258,018	333,917	-341,017	171,296	364,902	141,761	-17,255	-51,740	22,115	47,106

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G T LIFTING SOLUTIONS LIMITED group structure

G T Lifting Solutions Limited has no subsidiary companies.

Ultimate parent company

GT LIFTING GROUP LIMITED

13147727

1 parent

G T LIFTING SOLUTIONS LIMITED

04575148

G T LIFTING SOLUTIONS LIMITED Shareholders

gt lifting group limited	92.31%
keir bradley trundell	5.77%
steven barrie porter	1.92%

G T Lifting Solutions Limited currently has 5 directors. The longest serving directors include Mr Graham Trundell (Oct 2002) and Ms Alison Trundell (Oct 2009).

officer	country	age	start	end	role
Mr Graham Trundell	England	70 years	Oct 2002	-	Director
Ms Alison Trundell	England	68 years	Oct 2009	-	Director
Mr Keir Trundell	England	41 years	May 2017	-	Director
Mr Joseph Rodgers	England	36 years	Jun 2020	-	Director
Mrs Caroline Appleton	England	50 years	Jan 2021	-	Director

P&L

October 2022

turnover

9.3m

+74%

operating profit

979.2k

gross margin

35.2%

+7.7%

turnover

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

Balance Sheet

October 2022

net assets

5.5m

+0.17%

total assets

17m

+0.53%

cash

1.4m

+0.04%

net assets

Total assets minus all liabilities

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company number

04575148

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

October 2002

age

accounts

Total Exemption Full

ultimate parent company

GT LIFTING GROUP LIMITED

previous names

g t plant hire limited (August 2008)

incorporated

address

the business park, maydwell avenue, horsham, RH13 0AS

last accounts submitted

October 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 found 2 charges/mortgages relating to g t lifting solutions limited. Currently there are 2 open charges and 0 have been satisfied in the past.

g t lifting solutions limited Company Information

g t lifting solutions limited Estimated Valuation

g t lifting solutions limited Estimated Valuation

g t lifting solutions limited Estimated Valuation

G T Lifting Solutions Limited Overview

G T Lifting Solutions Limited Health Check

G T LIFTING SOLUTIONS LIMITED financials

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g t lifting solutions limited Ownership

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