golden gates housing trust
golden gates housing trust Company Information
Company Number
05021951
Next Accounts
2214 days late
Industry
Renting and operating of Housing Association real estate
Shareholders
-
Group Structure
View All
Contact
Registered Address
bank park house kendrick street, warrington, cheshire, WA1 1UZ
Website
gght.org.ukgolden gates housing trust Estimated Valuation
Pomanda estimates the enterprise value of GOLDEN GATES HOUSING TRUST at £330m based on a Turnover of £38m and 8.68x industry multiple (adjusted for size and gross margin).
golden gates housing trust Estimated Valuation
Pomanda estimates the enterprise value of GOLDEN GATES HOUSING TRUST at £196.2m based on an EBITDA of £12.6m and a 15.59x industry multiple (adjusted for size and gross margin).
golden gates housing trust Estimated Valuation
Pomanda estimates the enterprise value of GOLDEN GATES HOUSING TRUST at £133.7m based on Net Assets of £74.3m and 1.8x industry multiple (adjusted for liquidity).
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Golden Gates Housing Trust Overview
Golden Gates Housing Trust is a converted/closed company that was located in cheshire, WA1 1UZ with a Companies House number of 05021951. It operated in the renting and operating of housing association real estate sector, SIC Code 68201. Founded in January 2004, it's largest shareholder was unknown. The last turnover for Golden Gates Housing Trust was estimated at £38m.
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Golden Gates Housing Trust Health Check
Pomanda's financial health check has awarded Golden Gates Housing Trust a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 2 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
2 Weak
Size
annual sales of £38m, make it larger than the average company (£711.4k)
£38m - Golden Gates Housing Trust
£711.4k - Industry AVG
Growth
3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (3.8%)
2% - Golden Gates Housing Trust
3.8% - Industry AVG
Production
with a gross margin of 75%, this company has a comparable cost of product (75%)
75% - Golden Gates Housing Trust
75% - Industry AVG
Profitability
an operating margin of 33.1% make it as profitable than the average company (34.9%)
33.1% - Golden Gates Housing Trust
34.9% - Industry AVG
Employees
with 263 employees, this is above the industry average (5)
263 - Golden Gates Housing Trust
5 - Industry AVG
Pay Structure
on an average salary of £35.8k, the company has a higher pay structure (£27.4k)
£35.8k - Golden Gates Housing Trust
£27.4k - Industry AVG
Efficiency
resulting in sales per employee of £144.6k, this is equally as efficient (£156.9k)
£144.6k - Golden Gates Housing Trust
£156.9k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (20 days)
8 days - Golden Gates Housing Trust
20 days - Industry AVG
Creditor Days
its suppliers are paid after 50 days, this is slower than average (45 days)
50 days - Golden Gates Housing Trust
45 days - Industry AVG
Stock Days
it holds stock equivalent to 20 days, this is less than average (98 days)
20 days - Golden Gates Housing Trust
98 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 173 weeks, this is more cash available to meet short term requirements (18 weeks)
173 weeks - Golden Gates Housing Trust
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 42.1%, this is a lower level of debt than the average (61.3%)
42.1% - Golden Gates Housing Trust
61.3% - Industry AVG
GOLDEN GATES HOUSING TRUST financials
Golden Gates Housing Trust's latest turnover from March 2017 is £38 million and the company has net assets of £74.3 million. According to their latest financial statements, Golden Gates Housing Trust has 263 employees and maintains cash reserves of £22.6 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Turnover | 38,036,000 | 41,763,000 | 39,465,000 | 36,162,000 | 35,785,000 | 33,695,000 | 22,174,000 | 16,541,000 |
| Other Income Or Grants | ||||||||
| Cost Of Sales | ||||||||
| Gross Profit | ||||||||
| Admin Expenses | ||||||||
| Operating Profit | 12,584,000 | 8,191,000 | 5,916,000 | 5,064,000 | 3,157,000 | 6,658,000 | 43,452,000 | 735,000 |
| Interest Payable | 2,631,000 | 2,330,000 | 1,766,000 | 2,328,000 | 1,628,000 | 541,000 | 1,187,000 | 324,000 |
| Interest Receivable | 14,000 | 8,000 | 1,519,000 | 1,114,000 | 951,000 | 16,000 | 1,249,000 | 8,000 |
| Pre-Tax Profit | 11,426,000 | 6,114,000 | 4,678,000 | 4,200,000 | 2,754,000 | 6,309,000 | 43,098,000 | 419,000 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | -5,000 |
| Profit After Tax | 11,426,000 | 6,114,000 | 4,678,000 | 4,200,000 | 2,754,000 | 6,309,000 | 43,096,000 | 414,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | 11,426,000 | 6,114,000 | 4,678,000 | 4,200,000 | 2,754,000 | 6,309,000 | 43,096,000 | 414,000 |
| Employee Costs | 9,427,000 | 13,175,000 | 13,188,000 | 12,060,000 | 10,943,000 | 9,447,000 | 8,718,000 | 7,619,000 |
| Number Of Employees | 263 | 317 | 4 | 367 | 349 | 295 | 281 | 259 |
| EBITDA* | 12,584,000 | 11,300,000 | 9,277,000 | 7,742,000 | 5,452,000 | 8,601,000 | 43,804,000 | 968,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 100,657,000 | 101,049,000 | 98,829,000 | 86,499,000 | 67,325,000 | 51,927,000 | 43,510,000 | 339,000 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 2,302,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 100,657,000 | 103,351,000 | 98,829,000 | 86,499,000 | 67,325,000 | 51,927,000 | 43,510,000 | 339,000 |
| Stock & work in progress | 534,000 | 85,000 | 85,000 | 90,000 | 92,000 | 90,000 | 104,000 | 69,000 |
| Trade Debtors | 915,000 | 345,000 | 692,000 | 1,135,000 | 1,363,000 | 1,192,000 | 1,077,000 | 1,332,000 |
| Group Debtors | 1,320,000 | 1,975,000 | 42,000 | 521,000 | 1,209,000 | 736,000 | 2,998,000 | 0 |
| Misc Debtors | 2,185,000 | 2,985,000 | 3,142,000 | 3,159,000 | 1,963,000 | 1,371,000 | 436,000 | 462,000 |
| Cash | 22,643,000 | 2,296,000 | 716,000 | 453,000 | 0 | 2,801,000 | 1,895,000 | 742,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 27,597,000 | 7,686,000 | 4,677,000 | 5,358,000 | 4,627,000 | 6,190,000 | 6,510,000 | 2,605,000 |
| total assets | 128,254,000 | 111,037,000 | 103,506,000 | 91,857,000 | 71,952,000 | 58,117,000 | 50,020,000 | 2,944,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 356,000 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,315,000 | 541,000 | 383,000 | 611,000 | 128,000 | 114,000 | 461,000 | 0 |
| Group/Directors Accounts | 2,189,000 | 1,130,000 | 1,585,000 | 1,153,000 | 871,000 | 2,049,000 | 938,000 | 196,000 |
| other short term finances | 48,000 | 46,000 | 44,000 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 3,222,000 | 4,435,000 | 4,138,000 | 7,279,000 | 6,519,000 | 2,643,000 | 2,245,000 | 1,752,000 |
| total current liabilities | 6,774,000 | 6,152,000 | 6,150,000 | 9,043,000 | 7,874,000 | 4,806,000 | 3,644,000 | 1,948,000 |
| loans | 36,620,000 | 35,158,000 | 37,183,000 | 27,701,000 | 13,742,000 | 4,000,000 | 5,000,000 | 69,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 375,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 5,900,000 | 0 | 0 | 0 | 0 | 1,781,000 | 0 | 0 |
| provisions | 4,317,000 | 383,000 | 305,000 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 47,212,000 | 35,541,000 | 43,403,000 | 30,414,000 | 17,307,000 | 7,138,000 | 5,296,000 | 13,281,000 |
| total liabilities | 53,986,000 | 41,693,000 | 49,553,000 | 39,457,000 | 25,181,000 | 11,944,000 | 8,940,000 | 15,229,000 |
| net assets | 74,268,000 | 69,344,000 | 53,953,000 | 52,400,000 | 46,771,000 | 46,173,000 | 41,080,000 | -12,285,000 |
| total shareholders funds | 74,268,000 | 69,344,000 | 53,953,000 | 52,400,000 | 46,771,000 | 46,173,000 | 41,080,000 | -12,285,000 |
| Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Operating Profit | 12,584,000 | 8,191,000 | 5,916,000 | 5,064,000 | 3,157,000 | 6,658,000 | 43,452,000 | 735,000 |
| Depreciation | 3,109,000 | 3,361,000 | 2,678,000 | 2,295,000 | 1,943,000 | 352,000 | 233,000 | |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | -2,000 | -5,000 |
| Stock | 449,000 | 0 | -5,000 | -2,000 | 2,000 | -14,000 | 35,000 | 69,000 |
| Debtors | -885,000 | 1,429,000 | -939,000 | 280,000 | 1,236,000 | -1,212,000 | 2,717,000 | 1,794,000 |
| Creditors | 774,000 | 158,000 | -228,000 | 483,000 | 14,000 | -347,000 | 461,000 | 0 |
| Accruals and Deferred Income | -838,000 | 297,000 | -3,141,000 | 760,000 | 3,876,000 | 398,000 | 493,000 | 1,752,000 |
| Deferred Taxes & Provisions | 3,934,000 | 78,000 | 305,000 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 10,404,000 | 7,157,000 | 8,707,000 | 8,104,000 | 9,878,000 | 42,004,000 | 852,000 | |
| Investing Activities | ||||||||
| capital expenditure | -1,733,000 | -5,927,000 | -14,810,000 | -20,997,000 | -17,894,000 | -10,564,000 | -5,865,000 | -81,000 |
| Change in Investments | -2,302,000 | 2,302,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 569,000 | -8,229,000 | -14,810,000 | -20,997,000 | -17,894,000 | -10,564,000 | -5,865,000 | -81,000 |
| Financing Activities | ||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,059,000 | -455,000 | 432,000 | 282,000 | -1,178,000 | 1,111,000 | 742,000 | 196,000 |
| Other Short Term Loans | 2,000 | 2,000 | 44,000 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,462,000 | -2,025,000 | 9,482,000 | 13,959,000 | 9,742,000 | -1,000,000 | 4,931,000 | 69,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 5,900,000 | 0 | 0 | 0 | -1,781,000 | 1,781,000 | 0 | 0 |
| share issue | ||||||||
| interest | -2,617,000 | -2,322,000 | -247,000 | -1,214,000 | -677,000 | -525,000 | 62,000 | -316,000 |
| cash flow from financing | -696,000 | 4,477,000 | 6,586,000 | 14,456,000 | 3,950,000 | 151,000 | 16,004,000 | -12,750,000 |
| cash and cash equivalents | ||||||||
| cash | 20,347,000 | 1,580,000 | 263,000 | 453,000 | -2,801,000 | 906,000 | 1,153,000 | 742,000 |
| overdraft | 0 | 0 | 0 | -356,000 | 356,000 | 0 | 0 | 0 |
| change in cash | 20,347,000 | 1,580,000 | 263,000 | 809,000 | -3,157,000 | 906,000 | 1,153,000 | 742,000 |
golden gates housing trust Credit Report and Business Information
Golden Gates Housing Trust Competitor Analysis
Perform a competitor analysis for golden gates housing trust by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other large companies, companies in WA1 area or any other competitors across 12 key performance metrics.
golden gates housing trust Ownership
GOLDEN GATES HOUSING TRUST group structure
Golden Gates Housing Trust has no subsidiary companies.
Ultimate parent company
GOLDEN GATES HOUSING TRUST
05021951
golden gates housing trust directors
Golden Gates Housing Trust currently has 10 directors. The longest serving directors include Mr Roy Smith (Sep 2009) and Mr Philip Pemberton (Sep 2009).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Roy Smith | 76 years | Sep 2009 | - | Director | |
| Mr Philip Pemberton | England | 62 years | Sep 2009 | - | Director |
| Mr Robert Hepworth | England | 72 years | Feb 2017 | - | Director |
| Mr John Fulham | United Kingdom | 42 years | Feb 2017 | - | Director |
| Mr Duncan Craig | 68 years | Feb 2017 | - | Director | |
| Mr Graham Burgess | 72 years | Feb 2017 | - | Director | |
| Mr Ian Clayton | United Kingdom | 68 years | Feb 2017 | - | Director |
| Mr Robert Young | United Kingdom | 69 years | Feb 2017 | - | Director |
| Mrs Christine Fallon | England | 62 years | Mar 2017 | - | Director |
| Mr Anthony Williams | 76 years | Jun 2017 | - | Director |
P&L
March 2017turnover
38m
-9%
operating profit
12.6m
+54%
gross margin
75.1%
+9.21%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2017net assets
74.3m
+0.07%
total assets
128.3m
+0.16%
cash
22.6m
+8.86%
net assets
Total assets minus all liabilities
Similar Companies
golden gates housing trust company details
company number
05021951
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
68201 - Renting and operating of Housing Association real estate
incorporation date
January 2004
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2017
previous names
golden gates housing limited (November 2010)
accountant
-
auditor
-
address
bank park house kendrick street, warrington, cheshire, WA1 1UZ
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
golden gates housing trust 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 golden gates housing trust.
golden gates housing trust Capital Raised & Share Issues BETA
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golden gates housing trust Companies House Filings - See Documents
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