Gulf Worldwide Express Ltd

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gulf worldwide express ltd Company Information

Live

MatureSmallDeclining

Company Number

04640849

Website

www.gulfworldwideexpress.com

Registered Address

unit 2, poyle technical centre, willow road, colnbrook, berkshire, SL3 0DP

Industry

Freight air transport

Telephone

01753686678

Next Accounts Due

September 2024

Group Structure

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Directors

Alan Kelly18 Years

Shareholders

mohammad alsawwan 45%

areej alsawwan 22%

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gulf worldwide express ltd Estimated Valuation

£2m

Pomanda estimates the enterprise value of GULF WORLDWIDE EXPRESS LTD at £2m based on a Turnover of £4.5m and 0.44x industry multiple (adjusted for size and gross margin).

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Gulf Worldwide Express Ltd is a live company located in colnbrook, SL3 0DP with a Companies House number of 04640849. It operates in the freight air transport sector, SIC Code 51210. Founded in January 2003, it's largest shareholder is mohammad alsawwan with a 45% stake. Gulf Worldwide Express Ltd is a mature, small sized company, Pomanda has estimated its turnover at £4.5m with declining growth in recent years.

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Pomanda's financial health check has awarded Gulf Worldwide Express Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £4.5m, make it smaller than the average company (£13m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (7.7%)

EXPORT

Gulf Worldwide Express Ltd's latest turnover from December 2022 is estimated at £4.5 million and the company has net assets of £34 thousand. According to their latest financial statements, Gulf Worldwide Express Ltd has 5 employees and maintains cash reserves of £97.8 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	4,455,137	4,246,654	4,842,117	5,856,021	5,444,448	4,490,458	4,366,354	6,553,277	5,888,477	5,316,855	4,125,457	3,493,546	3,895,436	965,265
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,422,273	3,151,553	3,521,432	4,572,409	4,214,665	3,505,772	3,421,801	5,170,386	4,838,193	4,310,637	3,319,589	2,870,460	3,288,829	637,489
Gross Profit	1,032,863	1,095,100	1,320,685	1,283,612	1,229,782	984,686	944,553	1,382,892	1,050,284	1,006,219	805,867	623,086	606,607	327,776
Admin Expenses	1,029,015	1,120,922	1,323,400	1,286,824	1,224,857	991,026	895,400	1,389,070	1,068,507	1,021,622	815,474	613,861	586,862	310,737
Operating Profit	3,848	-25,822	-2,715	-3,212	4,925	-6,340	49,153	-6,178	-18,223	-15,403	-9,607	9,225	19,745	17,039
Interest Payable	2,589	938	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	3,424	226	80	628	740	676	297	216	250	331	237	360	345	2,574
Pre-Tax Profit	4,684	-26,534	-2,635	-2,584	5,665	-5,664	49,450	-5,962	-17,973	-15,072	-9,370	9,585	20,090	17,039
Tax	-890	0	0	0	-1,076	0	-9,890	0	0	0	0	-2,492	-5,625	-3,880
Profit After Tax	3,794	-26,534	-2,635	-2,584	4,589	-5,664	39,560	-5,962	-17,973	-15,072	-9,370	7,093	14,465	13,159
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	16,000
Retained Profit	3,794	-26,534	-2,635	-2,584	4,589	-5,664	39,560	-5,962	-17,973	-15,072	-9,370	7,093	14,465	-2,841
Employee Costs	210,594	280,868	439,104	448,860	411,249	387,864	426,254	1,056,487	949,354	843,913	571,051	536,241	609,481	0
Number Of Employees	5	7	11	11	10	10	11	28	25	22	15	13	17	0
EBITDA*	4,288	-25,215	-2,251	-2,608	5,823	-4,574	50,987	-4,316	-13,340	-10,214	-4,464	14,875	22,375	18,278

* 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	1,328	454	1,061	1,002	1,331	1,631	2,511	3,939	5,446	4,316	8,994	13,642	18,500	2,654
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	1,328	454	1,061	1,002	1,331	1,631	2,511	3,939	5,446	4,316	8,994	13,642	18,500	2,654
Stock & work in progress	1,546	3,850	2,216	4,898	2,268	3,015	1,823	2,891	6,409	1,148	1,288	1,610	1,740	1,865
Trade Debtors	825,951	755,484	795,269	836,334	717,701	595,742	595,607	814,581	607,744	516,270	472,547	418,025	440,456	442,814
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	24,156	36,750	37,024	37,569	37,687	37,021	38,120	43,991	0	0	0	0	0	0
Cash	97,792	97,893	82,539	77,116	90,437	106,940	163,519	73,773	12,478	87,426	44,822	49,841	94,179	43,955
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	949,445	893,977	917,048	955,917	848,093	742,718	799,069	935,236	626,631	604,844	518,657	469,476	536,375	488,634
total assets	950,773	894,431	918,109	956,919	849,424	744,349	801,580	939,175	632,077	609,160	527,651	483,118	554,875	491,288
Bank overdraft	6,000	4,167	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	751,588	702,023	739,701	753,378	651,587	540,875	544,826	591,639	602,609	561,719	465,138	407,704	479,491	440,963
Group/Directors Accounts	0	0	79,338	79,338	79,338	79,338	180,876	272,866	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	0	0	0	0	0	0	0	0	0	0
other current liabilities	140,653	132,170	42,298	64,796	56,508	66,734	12,812	51,164	0	0	0	0	0	0
total current liabilities	898,241	838,360	861,337	897,512	787,433	686,947	738,514	915,669	602,609	561,719	465,138	407,704	479,491	440,963
loans	18,500	25,833	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	3,531	10,594	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	18,500	25,833	0	0	0	0	0	0	0	0	0	3,531	10,594	0
total liabilities	916,741	864,193	861,337	897,512	787,433	686,947	738,514	915,669	602,609	561,719	465,138	411,235	490,085	440,963
net assets	34,032	30,238	56,772	59,407	61,991	57,402	63,066	23,506	29,468	47,441	62,513	71,883	64,790	50,325
total shareholders funds	34,032	30,238	56,772	59,407	61,991	57,402	63,066	23,506	29,468	47,441	62,513	71,883	64,790	50,325

	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	3,848	-25,822	-2,715	-3,212	4,925	-6,340	49,153	-6,178	-18,223	-15,403	-9,607	9,225	19,745	17,039
Depreciation	440	607	464	604	898	1,766	1,834	1,862	4,883	5,189	5,143	5,650	2,630	1,239
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-890	0	0	0	-1,076	0	-9,890	0	0	0	0	-2,492	-5,625	-3,880
Stock	-2,304	1,634	-2,682	2,630	-747	1,192	-1,068	-3,518	5,261	-140	-322	-130	-125	1,865
Debtors	57,873	-40,059	-41,610	118,515	122,625	-964	-224,845	250,828	91,474	43,723	54,522	-22,431	-2,358	442,814
Creditors	49,565	-37,678	-13,677	101,791	110,712	-3,951	-46,813	-10,970	40,890	96,581	57,434	-71,787	38,528	440,963
Accruals and Deferred Income	8,483	89,872	-22,498	8,288	-10,226	53,922	-38,352	51,164	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	5,877	65,404	5,866	-13,674	-16,645	45,169	181,845	-211,432	-69,185	42,784	-1,230	-36,843	57,761	10,682
Investing Activities
capital expenditure	-1,314	0	-523	-275	-598	-886	-406	-355	-6,013	-511	-495	-792	-18,476	-3,893
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,314	0	-523	-275	-598	-886	-406	-355	-6,013	-511	-495	-792	-18,476	-3,893
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-79,338	0	0	0	-101,538	-91,990	272,866	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	-7,333	25,833	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	-3,531	-7,063	10,594	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	53,166
interest	835	-712	80	628	740	676	297	216	250	331	237	360	345	2,574
cash flow from financing	-6,498	-54,217	80	628	740	-100,862	-91,693	273,082	250	331	-3,294	-6,703	10,939	55,740
cash and cash equivalents
cash	-101	15,354	5,423	-13,321	-16,503	-56,579	89,746	61,295	-74,948	42,604	-5,019	-44,338	50,224	43,955
overdraft	1,833	4,167	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,934	11,187	5,423	-13,321	-16,503	-56,579	89,746	61,295	-74,948	42,604	-5,019	-44,338	50,224	43,955

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GULF WORLDWIDE EXPRESS LTD group structure

Gulf Worldwide Express Ltd has no subsidiary companies.

Ultimate parent company

GULF WORLDWIDE EXPRESS LTD

04640849

GULF WORLDWIDE EXPRESS LTD Shareholders

mohammad alsawwan	45%
areej alsawwan	22%
fadiah albarhamji	13%
alan kelly	10%
ahmed nabih abd elhalim	5%
hans jude white	5%

Gulf Worldwide Express Ltd currently has 1 director, Mr Alan Kelly serving since Apr 2006.

officer	country	age	start	end	role
Mr Alan Kelly		65 years	Apr 2006	-	Director

P&L

December 2022

turnover

4.5m

+5%

operating profit

3.8k

gross margin

23.2%

-10.1%

turnover

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

Balance Sheet

December 2022

net assets

34k

+0.13%

total assets

950.8k

+0.06%

cash

97.8k

net assets

Total assets minus all liabilities

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company number

04640849

Type

Private limited with Share Capital

industry

51210 - Freight air transport

incorporation date

January 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit 2, poyle technical centre, willow road, colnbrook, berkshire, SL3 0DP

last accounts submitted

December 2022

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gulf worldwide express ltd Company Information

gulf worldwide express ltd Estimated Valuation

gulf worldwide express ltd Estimated Valuation

gulf worldwide express ltd Estimated Valuation

Gulf Worldwide Express Ltd Overview

Gulf Worldwide Express Ltd Health Check

GULF WORLDWIDE EXPRESS LTD financials

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gulf worldwide express ltd Ownership

gulf worldwide express ltd directors

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