Gm Petroleum Limited

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gm petroleum limited Company Information

Live

MatureSmallHigh

Company Number

05003869

Website

hindustanpetroleum.com

Registered Address

524 manchester road, kearsley, bolton, lancashire, BL4 8RS

Industry

Other retail sale in non-specialised stores

Telephone

01617944063

Next Accounts Due

September 2024

Group Structure

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Directors

Shafikahmed Patel20 Years

Reezwan Patel14 Years

View All

Shareholders

shafikah med i. patel 40%

hamid gaurya 20%

View All

gm petroleum limited Estimated Valuation

£1.5m - £6.7m

The estimated valuation range for gm petroleum limited, derived from financial data as of December 2022 and the most recent industry multiples, is between £1.5m to £6.7m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Gm Petroleum Limited AI Business Plan

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Gm Petroleum Limited is a live company located in bolton, BL4 8RS with a Companies House number of 05003869. It operates in the other retail sale in non-specialised stores sector, SIC Code 47190. Founded in December 2003, it's largest shareholder is shafikah med i. patel with a 40% stake. Gm Petroleum Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.8m with high growth in recent years.

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Pomanda's financial health check has awarded Gm Petroleum Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 1 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

3 Regular

1 Weak

Size

annual sales of £3.8m, make it larger than the average company (£1.3m)

Growth

3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (0.6%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GM PETROLEUM LIMITED group structure

Gm Petroleum Limited has no subsidiary companies.

Ultimate parent company

GM PETROLEUM LIMITED

05003869

GM PETROLEUM LIMITED Shareholders

shafikah med i. patel	40%
hamid gaurya	20%
najmunnisha patel	20%
reezwan hussain patel	20%

Gm Petroleum Limited currently has 3 directors. The longest serving directors include Mr Shafikahmed Patel (Dec 2003) and Mr Reezwan Patel (May 2009).

officer	age	start	end	role
Mr Shafikahmed Patel	67 years	Dec 2003	-	Director
Mr Reezwan Patel	42 years	May 2009	-	Director
Mr Hamid Gaurya	36 years	Apr 2020	-	Director

EXPORT

Gm Petroleum Limited's latest turnover from December 2022 is estimated at £3.8 million and the company has net assets of £1.8 million. According to their latest financial statements, Gm Petroleum Limited has 28 employees and maintains cash reserves of £1.2 million 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	3,815,462	2,120,668	2,831,285	2,183,354	2,257,770	1,738,459	1,710,749	1,643,501	4,154,322	1,983,898	1,923,014	2,978,261	1,210,805	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,194,180	1,293,048	1,610,567	1,204,135	1,274,871	994,083	965,312	931,885	2,356,696	1,140,709	1,111,516	1,713,198	699,388	0
Gross Profit	1,621,282	827,620	1,220,718	979,219	982,898	744,375	745,436	711,616	1,797,626	843,189	811,498	1,265,063	511,417	0
Admin Expenses	875,548	275,208	746,754	858,358	929,143	744,121	719,485	721,999	1,702,960	816,971	797,339	1,286,430	544,196	-344,385
Operating Profit	745,734	552,412	473,964	120,861	53,755	254	25,951	-10,383	94,666	26,218	14,159	-21,367	-32,779	344,385
Interest Payable	43,852	39,113	32,865	37,056	20,607	0	0	0	0	0	0	0	0	0
Interest Receivable	37,865	1,425	182	1,111	1,658	1,042	334	858	1,053	781	723	1,034	1,298	742
Pre-Tax Profit	739,747	514,723	441,280	84,916	34,806	1,296	26,285	-9,525	95,719	26,999	14,882	-20,333	-31,481	345,126
Tax	-140,552	-97,797	-83,843	-16,134	-6,613	-246	-5,257	0	-20,101	-6,210	-3,572	0	0	-96,635
Profit After Tax	599,195	416,926	357,437	68,782	28,193	1,050	21,028	-9,525	75,618	20,789	11,310	-20,333	-31,481	248,491
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	599,195	416,926	357,437	68,782	28,193	1,050	21,028	-9,525	75,618	20,789	11,310	-20,333	-31,481	248,491
Employee Costs	532,728	461,728	351,367	361,089	321,336	288,715	278,188	316,389	789,195	384,000	377,499	573,020	249,582	0
Number Of Employees	28	25	20	20	18	17	17	19	48	24	24	36	16	0
EBITDA*	804,313	602,175	529,702	183,278	103,580	30,801	60,523	29,321	140,501	81,473	78,313	42,304	-14,989	363,907

* 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	998,561	964,662	997,591	1,043,762	972,097	452,934	444,341	447,841	478,785	524,620	568,375	534,328	201,317	200,648
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	998,561	964,662	997,591	1,043,762	972,097	452,934	444,341	447,841	478,785	524,620	568,375	534,328	201,317	200,648
Stock & work in progress	229,914	217,760	141,026	152,655	186,384	103,414	120,488	98,229	88,669	140,088	195,867	114,413	95,491	81,725
Trade Debtors	205,127	64,792	160,643	114,028	136,437	102,633	71,293	55,551	212,054	39,075	34,977	97,620	34,932	24,461
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	612,383	525,235	511,387	13,100	29,580	28,201	118,496	73,162	0	0	0	0	0	0
Cash	1,248,191	915,551	224,170	139,840	156,328	285,892	131,039	136,434	206,793	214,305	97,981	191,049	222,452	296,734
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	2,295,615	1,723,338	1,037,226	419,623	508,729	520,140	441,316	363,376	507,516	393,468	328,825	403,082	352,875	402,920
total assets	3,294,176	2,688,000	2,034,817	1,463,385	1,480,826	973,074	885,657	811,217	986,301	918,088	897,200	937,410	554,192	603,568
Bank overdraft	9,996	10,000	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	933,221	619,109	387,876	450,912	449,801	351,049	432,360	423,642	511,724	572,886	552,913	718,082	281,727	260,394
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	225,097	614,773	540,173	487,379	610,568	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	259,132	175,576	248,133	69,602	49,078	291,397	123,719	78,629	0	0	0	0	0	0
total current liabilities	1,427,446	1,419,458	1,176,182	1,007,893	1,109,447	642,446	556,079	502,271	511,724	572,886	552,913	718,082	281,727	260,394
loans	26,671	36,667	50,000	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	22,551	0	0
other liabilities	0	0	0	0	0	0	0	396	156,502	99,653	115,915	0	55,355	94,583
provisions	52,479	43,490	37,176	41,470	26,139	13,581	13,581	13,581	13,581	16,673	20,285	0	0	0
total long term liabilities	79,150	80,157	87,176	41,470	26,139	13,581	13,581	13,977	170,083	116,326	136,200	22,551	55,355	94,583
total liabilities	1,506,596	1,499,615	1,263,358	1,049,363	1,135,586	656,027	569,660	516,248	681,807	689,212	689,113	740,633	337,082	354,977
net assets	1,787,580	1,188,385	771,459	414,022	345,240	317,047	315,997	294,969	304,494	228,876	208,087	196,777	217,110	248,591
total shareholders funds	1,787,580	1,188,385	771,459	414,022	345,240	317,047	315,997	294,969	304,494	228,876	208,087	196,777	217,110	248,591

	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	745,734	552,412	473,964	120,861	53,755	254	25,951	-10,383	94,666	26,218	14,159	-21,367	-32,779	344,385
Depreciation	58,579	49,763	55,738	62,417	49,825	30,547	34,572	39,704	45,835	55,255	64,154	63,671	17,790	19,522
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-140,552	-97,797	-83,843	-16,134	-6,613	-246	-5,257	0	-20,101	-6,210	-3,572	0	0	-96,635
Stock	12,154	76,734	-11,629	-33,729	82,970	-17,074	22,259	9,560	-51,419	-55,779	81,454	18,922	13,766	81,725
Debtors	227,483	-82,003	544,902	-38,889	35,183	-58,955	61,076	-83,341	172,979	4,098	-62,643	62,688	10,471	24,461
Creditors	314,112	231,233	-63,036	1,111	98,752	-81,311	8,718	-88,082	-61,162	19,973	-165,169	436,355	21,333	260,394
Accruals and Deferred Income	83,556	-72,557	178,531	20,524	-242,319	167,678	45,090	78,629	0	0	-22,551	22,551	0	0
Deferred Taxes & Provisions	8,989	6,314	-4,294	15,331	12,558	0	0	0	-3,092	-3,612	20,285	0	0	0
Cash flow from operations	830,781	674,637	23,787	276,728	-152,195	192,951	25,739	93,649	-65,414	143,305	-111,505	419,600	-17,893	421,480
Investing Activities
capital expenditure	-92,478	-16,834	-9,567	-134,082	-568,988	-39,140	-31,072	-8,760	0	-11,500	-98,201	-396,682	-18,459	-220,170
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-92,478	-16,834	-9,567	-134,082	-568,988	-39,140	-31,072	-8,760	0	-11,500	-98,201	-396,682	-18,459	-220,170
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	0	0	0
Other Short Term Loans	-389,676	74,600	52,794	-123,189	610,568	0	0	0	0	0	0	0	0	0
Long term loans	-9,996	-13,333	50,000	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	-396	-156,106	56,849	-16,262	115,915	-55,355	-39,228	94,583
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-5,987	-37,688	-32,683	-35,945	-18,949	1,042	334	858	1,053	781	723	1,034	1,298	742
cash flow from financing	-405,659	23,579	70,111	-159,134	591,619	1,042	-62	-155,248	57,902	-15,481	116,638	-54,321	-37,930	95,425
cash and cash equivalents
cash	332,640	691,381	84,330	-16,488	-129,564	154,853	-5,395	-70,359	-7,512	116,324	-93,068	-31,403	-74,282	296,734
overdraft	-4	10,000	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	332,644	681,381	84,330	-16,488	-129,564	154,853	-5,395	-70,359	-7,512	116,324	-93,068	-31,403	-74,282	296,734

P&L

December 2022

turnover

3.8m

+80%

operating profit

745.7k

gross margin

42.5%

+8.88%

turnover

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

Balance Sheet

December 2022

net assets

1.8m

+0.5%

total assets

3.3m

+0.23%

cash

1.2m

+0.36%

net assets

Total assets minus all liabilities

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company number

05003869

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

incorporation date

December 2003

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

524 manchester road, kearsley, bolton, lancashire, BL4 8RS

last accounts submitted

December 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 9 charges/mortgages relating to gm petroleum limited. Currently there are 8 open charges and 1 have been satisfied in the past.

gm petroleum limited Company Information

gm petroleum limited Estimated Valuation

gm petroleum limited Estimated Valuation

gm petroleum limited Estimated Valuation

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GM PETROLEUM LIMITED financials

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