Gloveman Supplies Limited

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gloveman supplies limited Company Information

Live

MatureMidDeclining

Company Number

04862122

Next Accounts

Dec 2024

Industry

Other retail sale not in stores, stalls or markets

Directors

Michael Peck

Ahangama Jayatilleke

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Shareholders

premium healthcare products ltd

lalan rubbers (private) ltd

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Group Structure

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Contact

Registered Address

greenwood house greenwood court, bury st edmunds, suffolk, IP32 7GY

Website

http://greatsupplies.co.uk

gloveman supplies limited Estimated Valuation

£7.5m

Pomanda estimates the enterprise value of GLOVEMAN SUPPLIES LIMITED at £7.5m based on Net Assets of £3.7m and 2.03x industry multiple (adjusted for liquidity).

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Gloveman Supplies Limited is a live company located in suffolk, IP32 7GY with a Companies House number of 04862122. It operates in the other retail sale not in stores, stalls or markets sector, SIC Code 47990. Founded in August 2003, it's largest shareholder is premium healthcare products ltd with a 48.5% stake. Gloveman Supplies Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Gloveman Supplies Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £6.1m, make it larger than the average company (£817k)

Growth

3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.3%)

EXPORT

Gloveman Supplies Limited's latest turnover from March 2023 is estimated at £6.1 million and the company has net assets of £3.7 million. According to their latest financial statements, Gloveman Supplies Limited has 36 employees and maintains cash reserves of £830.7 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	6,136,910	7,665,527	13,603,678	6,235,836	6,140,189	5,930,549	5,203,808	6,725,040	8,578,518	8,323,998	9,343,886	7,809,491	5,710,728	5,081,414
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,090,644	5,136,408	9,114,698	4,166,015	4,045,407	3,928,710	3,332,121	4,362,845	5,618,271	5,499,028	6,178,286	5,053,854	3,656,364	3,318,884
Gross Profit	2,046,266	2,529,119	4,488,981	2,069,821	2,094,782	2,001,839	1,871,686	2,362,195	2,960,247	2,824,969	3,165,600	2,755,637	2,054,364	1,762,530
Admin Expenses	3,234,761	2,676,404	-392,388	1,690,650	1,927,264	1,799,775	1,724,162	2,392,047	2,744,575	2,622,273	2,961,887	2,647,984	1,895,076	2,019,935
Operating Profit	-1,188,495	-147,285	4,881,369	379,171	167,518	202,064	147,524	-29,852	215,672	202,696	203,713	107,653	159,288	-257,405
Interest Payable	32,254	14,857	19,187	42,860	60,957	54,838	48,821	26,135	0	0	0	0	0	0
Interest Receivable	28,561	3,233	217	55	399	280	51	102	74	333	608	386	184	74
Pre-Tax Profit	-1,192,188	-158,908	4,862,399	336,365	106,960	147,506	98,754	-55,885	215,746	203,029	204,321	108,039	159,472	-257,331
Tax	0	0	-923,856	-63,909	-20,322	-28,026	-19,751	0	-45,307	-46,697	-49,037	-28,090	-44,652	0
Profit After Tax	-1,192,188	-158,908	3,938,543	272,456	86,638	119,480	79,003	-55,885	170,439	156,332	155,284	79,949	114,820	-257,331
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-1,192,188	-158,908	3,938,543	272,456	86,638	119,480	79,003	-55,885	170,439	156,332	155,284	79,949	114,820	-257,331
Employee Costs	1,224,315	1,290,781	1,353,978	1,196,190	1,425,719	1,176,822	1,120,382	1,056,066	1,165,634	1,148,616	1,329,098	955,887	856,379	793,475
Number Of Employees	36	39	43	40	44	38	36	33	36	37	42	33	30	27
EBITDA*	-1,150,578	-100,791	4,938,704	435,315	220,389	250,180	196,734	21,218	245,650	233,877	231,811	127,711	173,856	-250,475

* 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	117,248	145,493	183,154	211,759	199,362	205,015	212,326	240,572	174,157	52,879	43,935	35,227	39,849	27,140
Intangible Assets	16,040	19,834	28,667	37,500	46,333	43,655	27,958	33,458	38,958	44,458	52,458	3,750	6,250	8,750
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	133,288	165,327	211,821	249,259	245,695	248,670	240,284	274,030	213,115	97,337	96,393	38,977	46,099	35,890
Stock & work in progress	2,608,045	4,418,650	5,999,364	1,147,824	1,454,116	1,398,596	1,198,399	1,220,379	1,358,306	1,141,495	1,301,328	839,703	664,216	508,029
Trade Debtors	629,323	588,238	874,201	999,376	805,922	878,109	749,392	843,338	888,067	927,837	984,027	788,951	623,021	494,414
Group Debtors	616,092	394,676	339,698	245,359	101,204	97,279	24,420	0	0	0	0	0	0	0
Misc Debtors	29,587	172,312	387,316	66,628	59,605	36,196	43,966	83,030	0	0	0	0	0	0
Cash	830,744	513,321	348,828	85,292	24,121	82,325	29,604	11,478	29,388	85	133,053	110,324	44,171	29,457
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,713,791	6,087,197	7,949,407	2,544,479	2,444,968	2,492,505	2,045,781	2,158,225	2,275,761	2,069,417	2,418,408	1,738,978	1,331,408	1,031,900
total assets	4,847,079	6,252,524	8,161,228	2,793,738	2,690,663	2,741,175	2,286,065	2,432,255	2,488,876	2,166,754	2,514,801	1,777,955	1,377,507	1,067,790
Bank overdraft	0	0	0	4,156	43,091	121,823	2,414	124,425	0	0	0	0	0	0
Bank loan	0	0	0	48,024	71,887	30,931	29,689	0	0	0	0	0	0	0
Trade Creditors	387,695	538,875	2,267,222	587,103	700,523	589,444	384,718	759,782	1,701,860	1,574,928	1,782,764	1,332,484	1,014,296	1,088,027
Group/Directors Accounts	300,000	241,483	213,024	338,874	166,523	259,620	345,479	0	0	0	0	0	0	0
other short term finances	289,912	339,434	100,759	330,120	566,444	604,408	523,041	578,827	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	130,027	193,436	490,012	175,315	63,276	162,755	104,586	129,266	0	0	0	0	0	0
total current liabilities	1,107,634	1,313,228	3,071,017	1,483,592	1,611,744	1,768,981	1,389,927	1,592,300	1,701,860	1,574,928	1,782,764	1,332,484	1,014,296	1,088,027
loans	0	0	0	146,034	195,500	172,035	202,967	100,917	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	131,960	131,960	131,960	431,960	300,000	300,300	34,952
provisions	30,813	38,476	30,483	42,927	34,690	38,068	50,560	43,470	35,563	10,812	7,355	8,033	5,422	2,142
total long term liabilities	30,813	38,476	30,483	188,961	230,190	210,103	253,527	276,347	167,523	142,772	439,315	308,033	305,722	37,094
total liabilities	1,138,447	1,351,704	3,101,500	1,672,553	1,841,934	1,979,084	1,643,454	1,868,647	1,869,383	1,717,700	2,222,079	1,640,517	1,320,018	1,125,121
net assets	3,708,632	4,900,820	5,059,728	1,121,185	848,729	762,091	642,611	563,608	619,493	449,054	292,722	137,438	57,489	-57,331
total shareholders funds	3,708,632	4,900,820	5,059,728	1,121,185	848,729	762,091	642,611	563,608	619,493	449,054	292,722	137,438	57,489	-57,331

	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	-1,188,495	-147,285	4,881,369	379,171	167,518	202,064	147,524	-29,852	215,672	202,696	203,713	107,653	159,288	-257,405
Depreciation	34,123	37,661	48,502	47,311	44,038	42,438	43,710	45,570	24,478	23,181	21,806	17,558	12,068	4,430
Amortisation	3,794	8,833	8,833	8,833	8,833	5,678	5,500	5,500	5,500	8,000	6,292	2,500	2,500	2,500
Tax	0	0	-923,856	-63,909	-20,322	-28,026	-19,751	0	-45,307	-46,697	-49,037	-28,090	-44,652	0
Stock	-1,810,605	-1,580,714	4,851,540	-306,292	55,520	200,197	-21,980	-137,927	216,811	-159,833	461,625	175,487	156,187	508,029
Debtors	119,776	-445,989	289,852	344,632	-44,853	193,806	-108,590	38,301	-39,770	-56,190	195,076	165,930	128,607	494,414
Creditors	-151,180	-1,728,347	1,680,119	-113,420	111,079	204,726	-375,064	-942,078	126,932	-207,836	450,280	318,188	-73,731	1,088,027
Accruals and Deferred Income	-63,409	-296,576	314,697	112,039	-99,479	58,169	-24,680	129,266	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,663	7,993	-12,444	8,237	-3,378	-12,492	7,090	7,907	24,751	3,457	-678	2,611	3,280	2,142
Cash flow from operations	317,999	-91,018	855,828	339,922	197,622	78,554	-85,101	-684,061	174,985	198,824	-24,325	79,003	-226,041	-162,749
Investing Activities
capital expenditure	-5,878	0	-19,897	-59,708	-49,896	-56,502	-15,464	-111,985	-145,756	-32,125	-85,514	-12,936	-24,777	-42,820
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-5,878	0	-19,897	-59,708	-49,896	-56,502	-15,464	-111,985	-145,756	-32,125	-85,514	-12,936	-24,777	-42,820
Financing Activities
Bank loans	0	0	-48,024	-23,863	40,956	1,242	29,689	0	0	0	0	0	0	0
Group/Directors Accounts	58,517	28,459	-125,850	172,351	-93,097	-85,859	345,479	0	0	0	0	0	0	0
Other Short Term Loans	-49,522	238,675	-229,361	-236,324	-37,964	81,367	-55,786	578,827	0	0	0	0	0	0
Long term loans	0	0	-146,034	-49,466	23,465	-30,932	102,050	100,917	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	-131,960	0	0	-300,000	131,960	-300	265,348	34,952
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	200,000
interest	-3,693	-11,624	-18,970	-42,805	-60,558	-54,558	-48,770	-26,033	74	333	608	386	184	74
cash flow from financing	5,302	255,510	-568,239	-180,107	-127,198	-88,740	240,702	653,711	74	-299,667	132,568	86	265,532	235,026
cash and cash equivalents
cash	317,423	164,493	263,536	61,171	-58,204	52,721	18,126	-17,910	29,303	-132,968	22,729	66,153	14,714	29,457
overdraft	0	0	-4,156	-38,935	-78,732	119,409	-122,011	124,425	0	0	0	0	0	0
change in cash	317,423	164,493	267,692	100,106	20,528	-66,688	140,137	-142,335	29,303	-132,968	22,729	66,153	14,714	29,457

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOVEMAN SUPPLIES LIMITED group structure

Gloveman Supplies Limited has 1 subsidiary company.

Ultimate parent company

GLOVEMAN SUPPLIES LIMITED

04862122

1 subsidiary

NICHOLSONS (S.W.) LIMITED

08038445

GLOVEMAN SUPPLIES LIMITED Shareholders

premium healthcare products ltd	48.5%
lalan rubbers (private) ltd	48.5%
lalith prabash hapangama	1%
ahangama vithenage ravindra de silva jayatilleke	1%
gayashree heman samarakone	1%

Gloveman Supplies Limited currently has 5 directors. The longest serving directors include Mr Michael Peck (Aug 2003) and Mr Ahangama Jayatilleke (Nov 2005).

officer	country	age	start	end	role
Mr Michael Peck	United Kingdom	57 years	Aug 2003	-	Director
Mr Ahangama Jayatilleke		62 years	Nov 2005	-	Director
Mr Lalith Hapangama	United Kingdom	65 years	Jun 2006	-	Director
Gayashree Samarakone	United Kingdom	74 years	Jun 2006	-	Director
Mr Matthew Cox	Wales	50 years	Nov 2020	-	Director

P&L

March 2023

turnover

6.1m

-20%

operating profit

-1.2m

gross margin

33.4%

+1.06%

turnover

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

Balance Sheet

March 2023

net assets

3.7m

-0.24%

total assets

4.8m

-0.22%

cash

830.7k

+0.62%

net assets

Total assets minus all liabilities

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company number

04862122

Type

Private limited with Share Capital

industry

47990 - Other retail sale not in stores, stalls or markets

incorporation date

August 2003

ultimate parent company

None

previous names

N/A

address

greenwood house greenwood court, bury st edmunds, suffolk, IP32 7GY

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 9 charges/mortgages relating to gloveman supplies limited. Currently there are 6 open charges and 3 have been satisfied in the past.

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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gloveman supplies limited Company Information

gloveman supplies limited Estimated Valuation

gloveman supplies limited Estimated Valuation

gloveman supplies limited Estimated Valuation

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GLOVEMAN SUPPLIES LIMITED financials

gloveman supplies limited Credit Report and Business Information

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