Global Rigging Limited

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global rigging limited Company Information

Live

MatureMicroLow

Company Number

04635363

Website

https://www.globalriggingandliftingservices.com

Registered Address

29 acacia avenue, ruislip, middlesex, HA4 8RQ

Industry

Renting and leasing of other machinery, equipment and tangible goods n.e.c.

Telephone

08009949291

Next Accounts Due

December 2024

Group Structure

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Directors

Oswald Marsh21 Years

Shareholders

oswald paul marsh 100%

global rigging limited Estimated Valuation

£304.4k

Pomanda estimates the enterprise value of GLOBAL RIGGING LIMITED at £304.4k based on an EBITDA of £109.7k and a 2.77x industry multiple (adjusted for size and gross margin).

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Global Rigging Limited is a live company located in middlesex, HA4 8RQ with a Companies House number of 04635363. It operates in the renting and leasing of other machinery, equipment and tangible goods n.e.c. sector, SIC Code 77390. Founded in January 2003, it's largest shareholder is oswald paul marsh with a 100% stake. Global Rigging Limited is a mature, micro sized company, Pomanda has estimated its turnover at £82.6k with low growth in recent years.

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Pomanda's financial health check has awarded Global Rigging Limited a 4.5 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 Rating4.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £82.6k, make it smaller than the average company (£10m)

Growth

3 year (CAGR) sales growth of 3%, show it is growing at a slower rate (5.4%)

EXPORT

Global Rigging Limited's latest turnover from March 2023 is estimated at £82.6 thousand and the company has net assets of £115.8 thousand. According to their latest financial statements, Global Rigging Limited has 1 employee and maintains cash reserves of £189.8 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	82,624	84,524	57,880	75,881	128,276	122,454	86,449	97,409	397,190	362,452	206,860	61,183	66,315	140,639
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	44,089	47,038	33,391	43,851	73,541	70,742	52,776	60,249	231,994	215,083	122,172	33,513	36,662	76,517
Gross Profit	38,535	37,486	24,489	32,030	54,735	51,713	33,673	37,160	165,195	147,368	84,688	27,670	29,653	64,122
Admin Expenses	-61,299	67,838	72,259	76,165	13,207	45,651	30,300	66,802	191,521	161,048	20,532	13,534	-26,357	-52,201
Operating Profit	99,834	-30,352	-47,770	-44,135	41,528	6,062	3,373	-29,642	-26,326	-13,680	64,156	14,136	56,010	116,323
Interest Payable	2,899	858	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	4,397	98	16	33	206	81	34	23	84	153	87	62	102	50
Pre-Tax Profit	101,332	-31,112	-47,754	-44,102	41,735	6,143	3,408	-29,619	-26,242	-13,527	64,242	14,199	56,113	116,372
Tax	-19,253	0	0	0	-7,930	-1,167	-681	0	0	0	-15,418	-3,692	-15,711	-32,584
Profit After Tax	82,079	-31,112	-47,754	-44,102	33,805	4,976	2,726	-29,619	-26,242	-13,527	48,824	10,507	40,401	83,788
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	82,079	-31,112	-47,754	-44,102	33,805	4,976	2,726	-29,619	-26,242	-13,527	48,824	10,507	40,401	83,788
Employee Costs	43,252	42,828	39,022	39,205	37,678	35,989	35,452	35,347	108,510	105,610	65,433	32,931	32,707	62,636
Number Of Employees	1	1	1	1	1	1	1	1	3	3	2	1	1	2
EBITDA*	109,721	-19,015	-34,424	-28,120	64,221	20,267	22,430	-15,757	-10,049	5,746	87,187	34,821	77,130	125,389

* 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	10,780	50,693	60,530	72,377	128,831	96,807	74,883	63,291	74,546	89,323	105,672	105,056	106,315	36,362
Intangible Assets	0	1,500	3,000	4,500	6,000	7,500	9,000	10,500	12,000	13,500	15,000	16,500	18,000	19,500
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	10,780	52,193	63,530	76,877	134,831	104,307	83,883	73,791	86,546	102,823	120,672	121,556	124,315	55,862
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	7,411	8,206	840	6,414	19,031	17,996	12,582	16,227	87,445	73,347	38,959	10,423	11,862	26,176
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	1,258	1,781	5,361	26,954	17,324	36,704	30,363	50,536	0	0	45,919	33,908	0	0
Cash	189,828	17,095	9,001	22,009	44,126	10,881	21,645	5,818	3,412	30,268	30,748	3,874	21,046	19,845
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	198,497	27,082	15,202	55,377	80,481	65,581	64,590	72,581	90,857	103,615	115,626	48,205	32,908	46,021
total assets	209,277	79,275	78,732	132,254	215,312	169,888	148,473	146,372	177,403	206,438	236,298	169,761	157,223	101,883
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	0	0	0
Trade Creditors	70	4,559	302	287	23,483	24,110	1,434	621	17,925	17,803	30,915	14,935	10,606	13,542
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	2,568	0
other short term finances	31,151	25,420	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	60,258	5,993	1,800	8,704	13,289	6,487	16,451	17,961	0	0	0	0	0	0
total current liabilities	91,479	35,972	2,102	8,991	36,772	30,597	17,885	18,582	17,925	17,803	30,915	14,935	13,174	13,542
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	2,048	9,632	11,847	10,726	21,901	16,457	12,730	12,658	14,727	17,642	20,863	19,130	19,859	4,552
total long term liabilities	2,048	9,632	11,847	10,726	21,901	16,457	12,730	12,658	14,727	17,642	20,863	19,130	19,859	4,552
total liabilities	93,527	45,604	13,949	19,717	58,673	47,054	30,615	31,240	32,652	35,445	51,778	34,065	33,033	18,094
net assets	115,750	33,671	64,783	112,537	156,639	122,834	117,858	115,132	144,751	170,993	184,520	135,696	124,190	83,789
total shareholders funds	115,750	33,671	64,783	112,537	156,639	122,834	117,858	115,132	144,751	170,993	184,520	135,696	124,190	83,789

	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	99,834	-30,352	-47,770	-44,135	41,528	6,062	3,373	-29,642	-26,326	-13,680	64,156	14,136	56,010	116,323
Depreciation	8,387	9,837	11,846	14,515	21,193	12,705	17,557	12,385	14,777	17,926	21,531	19,185	19,620	7,566
Amortisation	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500	1,500
Tax	-19,253	0	0	0	-7,930	-1,167	-681	0	0	0	-15,418	-3,692	-15,711	-32,584
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-1,318	3,786	-27,167	-2,987	-18,345	11,755	-23,818	-20,682	14,098	-11,531	40,547	32,469	-14,314	26,176
Creditors	-4,489	4,257	15	-23,196	-627	22,676	813	-17,304	122	-13,112	15,980	4,329	-2,936	13,542
Accruals and Deferred Income	54,265	4,193	-6,904	-4,585	6,802	-9,964	-1,510	17,961	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,584	-2,215	1,121	-11,175	5,444	3,727	72	-2,069	-2,915	-3,221	1,733	-729	15,307	4,552
Cash flow from operations	133,978	-16,566	-13,025	-64,089	86,255	23,784	44,942	3,513	-26,940	944	48,935	2,260	88,104	84,723
Investing Activities
capital expenditure	31,526	0	1	41,939	-53,217	-34,629	-29,149	-1,130	0	-1,577	-22,147	-17,926	-89,573	-64,928
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	31,526	0	1	41,939	-53,217	-34,629	-29,149	-1,130	0	-1,577	-22,147	-17,926	-89,573	-64,928
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	-2,568	2,568	0
Other Short Term Loans	5,731	25,420	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	999	0	1
interest	1,498	-760	16	33	206	81	34	23	84	153	87	62	102	50
cash flow from financing	7,229	24,660	16	33	206	81	34	23	84	153	87	-1,507	2,670	51
cash and cash equivalents
cash	172,733	8,094	-13,008	-22,117	33,245	-10,764	15,827	2,406	-26,856	-480	26,874	-17,172	1,201	19,845
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	172,733	8,094	-13,008	-22,117	33,245	-10,764	15,827	2,406	-26,856	-480	26,874	-17,172	1,201	19,845

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOBAL RIGGING LIMITED group structure

Global Rigging Limited has no subsidiary companies.

Ultimate parent company

GLOBAL RIGGING LIMITED

04635363

GLOBAL RIGGING LIMITED Shareholders

oswald paul marsh

100%

Global Rigging Limited currently has 1 director, Mr Oswald Marsh serving since Jan 2003.

officer	country	age	start	end	role
Mr Oswald Marsh		69 years	Jan 2003	-	Director

P&L

March 2023

turnover

82.6k

-2%

operating profit

99.8k

gross margin

46.7%

+5.16%

turnover

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

Balance Sheet

March 2023

net assets

115.8k

+2.44%

total assets

209.3k

+1.64%

cash

189.8k

+10.1%

net assets

Total assets minus all liabilities

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company number

04635363

Type

Private limited with Share Capital

industry

77390 - Renting and leasing of other machinery, equipment and tangible goods n.e.c.

incorporation date

January 2003

ultimate parent company

None

previous names

N/A

address

29 acacia avenue, ruislip, middlesex, HA4 8RQ

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 1 charges/mortgages relating to global rigging limited. Currently there are 1 open charges and 0 have been satisfied in the past.

global rigging limited Company Information

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global rigging limited Estimated Valuation

global rigging limited Estimated Valuation

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