gulf worldwide express ltd

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gulf worldwide express ltd Company Information

Share GULF WORLDWIDE EXPRESS LTD
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MatureSmallDeclining

Company Number

04640849

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).

gulf worldwide express ltd Estimated Valuation

£13.5k

Pomanda estimates the enterprise value of GULF WORLDWIDE EXPRESS LTD at £13.5k based on an EBITDA of £4.3k and a 3.15x industry multiple (adjusted for size and gross margin).

gulf worldwide express ltd Estimated Valuation

£109k

Pomanda estimates the enterprise value of GULF WORLDWIDE EXPRESS LTD at £109k based on Net Assets of £34k and 3.2x industry multiple (adjusted for liquidity).

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Gulf Worldwide Express Ltd Overview

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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Gulf Worldwide Express Ltd Health Check

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 Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

7 Weak

size

Size

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

£4.5m - Gulf Worldwide Express Ltd

£13m - Industry AVG

growth

Growth

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

-9% - Gulf Worldwide Express Ltd

7.7% - Industry AVG

production

Production

with a gross margin of 23.2%, this company has a comparable cost of product (23.2%)

23.2% - Gulf Worldwide Express Ltd

23.2% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (7.6%)

0.1% - Gulf Worldwide Express Ltd

7.6% - Industry AVG

employees

Employees

with 5 employees, this is below the industry average (26)

5 - Gulf Worldwide Express Ltd

26 - Industry AVG

paystructure

Pay Structure

on an average salary of £42.1k, the company has an equivalent pay structure (£42.1k)

£42.1k - Gulf Worldwide Express Ltd

£42.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £891k, this is more efficient (£409.4k)

£891k - Gulf Worldwide Express Ltd

£409.4k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 67 days, this is later than average (52 days)

67 days - Gulf Worldwide Express Ltd

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 80 days, this is slower than average (46 days)

80 days - Gulf Worldwide Express Ltd

46 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 0 days, this is less than average (0 days)

0 days - Gulf Worldwide Express Ltd

0 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 5 weeks, this is less cash available to meet short term requirements (17 weeks)

5 weeks - Gulf Worldwide Express Ltd

17 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 96.4%, this is a higher level of debt than the average (70.8%)

96.4% - Gulf Worldwide Express Ltd

70.8% - Industry AVG

GULF WORLDWIDE EXPRESS LTD financials

EXPORTms excel logo

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 HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover4,455,1374,246,6544,842,1175,856,0215,444,4484,490,4584,366,3546,553,2775,888,4775,316,8554,125,4573,493,5463,895,436965,265
Other Income Or Grants00000000000000
Cost Of Sales3,422,2733,151,5533,521,4324,572,4094,214,6653,505,7723,421,8015,170,3864,838,1934,310,6373,319,5892,870,4603,288,829637,489
Gross Profit1,032,8631,095,1001,320,6851,283,6121,229,782984,686944,5531,382,8921,050,2841,006,219805,867623,086606,607327,776
Admin Expenses1,029,0151,120,9221,323,4001,286,8241,224,857991,026895,4001,389,0701,068,5071,021,622815,474613,861586,862310,737
Operating Profit3,848-25,822-2,715-3,2124,925-6,34049,153-6,178-18,223-15,403-9,6079,22519,74517,039
Interest Payable2,589938000000000000
Interest Receivable3,424226806287406762972162503312373603452,574
Pre-Tax Profit4,684-26,534-2,635-2,5845,665-5,66449,450-5,962-17,973-15,072-9,3709,58520,09017,039
Tax-890000-1,0760-9,8900000-2,492-5,625-3,880
Profit After Tax3,794-26,534-2,635-2,5844,589-5,66439,560-5,962-17,973-15,072-9,3707,09314,46513,159
Dividends Paid000000000000016,000
Retained Profit3,794-26,534-2,635-2,5844,589-5,66439,560-5,962-17,973-15,072-9,3707,09314,465-2,841
Employee Costs210,594280,868439,104448,860411,249387,864426,2541,056,487949,354843,913571,051536,241609,4810
Number Of Employees5711111010112825221513170
EBITDA*4,288-25,215-2,251-2,6085,823-4,57450,987-4,316-13,340-10,214-4,46414,87522,37518,278

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets1,3284541,0611,0021,3311,6312,5113,9395,4464,3168,99413,64218,5002,654
Intangible Assets00000000000000
Investments & Other00000000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets1,3284541,0611,0021,3311,6312,5113,9395,4464,3168,99413,64218,5002,654
Stock & work in progress1,5463,8502,2164,8982,2683,0151,8232,8916,4091,1481,2881,6101,7401,865
Trade Debtors825,951755,484795,269836,334717,701595,742595,607814,581607,744516,270472,547418,025440,456442,814
Group Debtors00000000000000
Misc Debtors24,15636,75037,02437,56937,68737,02138,12043,991000000
Cash97,79297,89382,53977,11690,437106,940163,51973,77312,47887,42644,82249,84194,17943,955
misc current assets00000000000000
total current assets949,445893,977917,048955,917848,093742,718799,069935,236626,631604,844518,657469,476536,375488,634
total assets950,773894,431918,109956,919849,424744,349801,580939,175632,077609,160527,651483,118554,875491,288
Bank overdraft6,0004,167000000000000
Bank loan00000000000000
Trade Creditors 751,588702,023739,701753,378651,587540,875544,826591,639602,609561,719465,138407,704479,491440,963
Group/Directors Accounts0079,33879,33879,33879,338180,876272,866000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities140,653132,17042,29864,79656,50866,73412,81251,164000000
total current liabilities898,241838,360861,337897,512787,433686,947738,514915,669602,609561,719465,138407,704479,491440,963
loans18,50025,833000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities000000000003,53110,5940
provisions00000000000000
total long term liabilities18,50025,8330000000003,53110,5940
total liabilities916,741864,193861,337897,512787,433686,947738,514915,669602,609561,719465,138411,235490,085440,963
net assets34,03230,23856,77259,40761,99157,40263,06623,50629,46847,44162,51371,88364,79050,325
total shareholders funds34,03230,23856,77259,40761,99157,40263,06623,50629,46847,44162,51371,88364,79050,325
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit3,848-25,822-2,715-3,2124,925-6,34049,153-6,178-18,223-15,403-9,6079,22519,74517,039
Depreciation4406074646048981,7661,8341,8624,8835,1895,1435,6502,6301,239
Amortisation00000000000000
Tax-890000-1,0760-9,8900000-2,492-5,625-3,880
Stock-2,3041,634-2,6822,630-7471,192-1,068-3,5185,261-140-322-130-1251,865
Debtors57,873-40,059-41,610118,515122,625-964-224,845250,82891,47443,72354,522-22,431-2,358442,814
Creditors49,565-37,678-13,677101,791110,712-3,951-46,813-10,97040,89096,58157,434-71,78738,528440,963
Accruals and Deferred Income8,48389,872-22,4988,288-10,22653,922-38,35251,164000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations5,87765,4045,866-13,674-16,64545,169181,845-211,432-69,18542,784-1,230-36,84357,76110,682
Investing Activities
capital expenditure-1,3140-523-275-598-886-406-355-6,013-511-495-792-18,476-3,893
Change in Investments00000000000000
cash flow from investments-1,3140-523-275-598-886-406-355-6,013-511-495-792-18,476-3,893
Financing Activities
Bank loans00000000000000
Group/Directors Accounts0-79,338000-101,538-91,990272,866000000
Other Short Term Loans 00000000000000
Long term loans-7,33325,833000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0000000000-3,531-7,06310,5940
share issue000000000000053,166
interest835-712806287406762972162503312373603452,574
cash flow from financing-6,498-54,21780628740-100,862-91,693273,082250331-3,294-6,70310,93955,740
cash and cash equivalents
cash-10115,3545,423-13,321-16,503-56,57989,74661,295-74,94842,604-5,019-44,33850,22443,955
overdraft1,8334,167000000000000
change in cash-1,93411,1875,423-13,321-16,503-56,57989,74661,295-74,94842,604-5,019-44,33850,22443,955

gulf worldwide express ltd Credit Report and Business Information

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 Competitor Analysis

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gulf worldwide express ltd Ownership

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 directors

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

officercountryagestartendrole
Mr Alan Kelly65 years Apr 2006- Director

P&L

December 2022

turnover

4.5m

+5%

operating profit

3.8k

0%

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

0%

net assets

Total assets minus all liabilities

gulf worldwide express ltd company details

company number

04640849

Type

Private limited with Share Capital

industry

51210 - Freight air transport

incorporation date

January 2003

age

21

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

UK

address

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

last accounts submitted

December 2022

gulf worldwide express ltd 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 gulf worldwide express ltd.

charges

gulf worldwide express ltd Companies House Filings - See Documents

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