galileo resources plc
galileo resources plc Company Information
Company Number
05679987
Next Accounts
Sep 2025
Shareholders
-
Group Structure
View All
Industry
Other mining and quarrying n.e.c.
Registered Address
1st floor 7-8 kendrick mews, london, SW7 3HG
Website
www.galileoresources.comgalileo resources plc Estimated Valuation
Pomanda estimates the enterprise value of GALILEO RESOURCES PLC at £76.1k based on a Turnover of £130.6k and 0.58x industry multiple (adjusted for size and gross margin).
galileo resources plc Estimated Valuation
Pomanda estimates the enterprise value of GALILEO RESOURCES PLC at £0 based on an EBITDA of £-963.5k and a 2.56x industry multiple (adjusted for size and gross margin).
galileo resources plc Estimated Valuation
Pomanda estimates the enterprise value of GALILEO RESOURCES PLC at £11.3m based on Net Assets of £11m and 1.03x industry multiple (adjusted for liquidity).
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Galileo Resources Plc Overview
Galileo Resources Plc is a live company located in london, SW7 3HG with a Companies House number of 05679987. It operates in the other mining and quarrying n.e.c. sector, SIC Code 08990. Founded in January 2006, it's largest shareholder is unknown. Galileo Resources Plc is a established, micro sized company, Pomanda has estimated its turnover at £130.6k with unknown growth in recent years.
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Galileo Resources Plc Health Check
Pomanda's financial health check has awarded Galileo Resources Plc a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
6 Weak
Size
annual sales of £130.6k, make it smaller than the average company (£18.2m)
£130.6k - Galileo Resources Plc
£18.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Galileo Resources Plc
- - Industry AVG
Production
with a gross margin of 23.2%, this company has a comparable cost of product (23.2%)
23.2% - Galileo Resources Plc
23.2% - Industry AVG
Profitability
an operating margin of -737.7% make it less profitable than the average company (7.5%)
-737.7% - Galileo Resources Plc
7.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (59)
3 - Galileo Resources Plc
59 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has a lower pay structure (£50.4k)
£32.1k - Galileo Resources Plc
£50.4k - Industry AVG
Efficiency
resulting in sales per employee of £43.5k, this is less efficient (£277.3k)
£43.5k - Galileo Resources Plc
£277.3k - Industry AVG
Debtor Days
it gets paid by customers after 849 days, this is later than average (52 days)
849 days - Galileo Resources Plc
52 days - Industry AVG
Creditor Days
its suppliers are paid after 459 days, this is slower than average (46 days)
459 days - Galileo Resources Plc
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Galileo Resources Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (10 weeks)
0 weeks - Galileo Resources Plc
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 17.6%, this is a lower level of debt than the average (42.4%)
17.6% - Galileo Resources Plc
42.4% - Industry AVG
GALILEO RESOURCES PLC financials
Galileo Resources Plc's latest turnover from March 2024 is £130.6 thousand and the company has net assets of £11 million. According to their latest financial statements, Galileo Resources Plc has 3 employees and maintains cash reserves of £42.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | 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 | 130,611 | 289,040 | 19,164 | ||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | -963,533 | -968,837 | -753,321 | -1,472,816 | -630,384 | -404,303 | -624,631 | -871,776 | -435,862 | -10,772,494 | -2,991,626 | -1,071,164 | -1,816,870 | -17,857 | |
| Interest Payable | 2 | 20 | |||||||||||||
| Interest Receivable | 2 | 48,578 | 49,118 | 36,945 | 16,746 | 12,498 | |||||||||
| Pre-Tax Profit | -966,115 | -1,555,395 | 1,391,013 | 87,872 | -642,188 | -416,784 | -1,026,891 | -1,388,697 | -419,627 | -7,518,287 | -4,164,494 | -1,839,828 | -1,835,935 | -1,111 | -15,270 |
| Tax | -85,786 | 88,865 | 151,563 | -1,400 | |||||||||||
| Profit After Tax | -1,051,901 | -1,466,530 | 1,542,576 | 87,872 | -642,188 | -416,784 | -1,026,891 | -1,388,697 | -419,627 | -7,518,287 | -4,164,494 | -1,839,828 | -1,835,935 | -2,511 | -15,270 |
| Dividends Paid | |||||||||||||||
| Retained Profit | -1,051,901 | -1,466,530 | 1,542,576 | 87,872 | -642,188 | -416,784 | -1,026,891 | -1,388,697 | -419,627 | -7,518,287 | -4,164,494 | -1,839,828 | -1,835,935 | -2,511 | -15,270 |
| Employee Costs | 96,285 | 101,631 | 106,240 | 97,755 | 93,187 | 8,400 | 9,200 | 8,400 | 161,784 | 24,177 | 59,753 | 29,607 | |||
| Number Of Employees | 3 | 1 | 7 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 2 | |
| EBITDA* | -963,533 | -968,837 | -753,321 | -1,472,816 | -630,384 | -404,303 | -624,631 | -871,776 | -435,862 | -10,772,494 | -2,991,626 | -1,071,164 | -1,816,870 | -17,857 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | 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 | 5,028,497 | 5,724,537 | 5,723,001 | 2,698,845 | 2,762,116 | 3,003,262 | 4,010,763 | 3,419,778 | 2,503,905 | 2,721,092 | 2,721,951 | 6,452,169 | 2,536,655 | 91,365 | |
| Intangible Assets | 8,484,868 | 5,161,591 | 3,875,570 | 2,114,817 | 3,348,019 | 2,855,856 | 1,380,085 | 1,473,494 | 2,667,062 | 2,487,111 | 6,635,128 | 8,305,592 | 10,174,642 | ||
| Investments & Other | 2,879,144 | 3,400,730 | 5,723,001 | 2,698,845 | 2,179,232 | 3,003,262 | 3,268,236 | 2,325,144 | 2,424,448 | 2,721,092 | 2,641,865 | 6,451,343 | 1,519,846 | 91,365 | |
| Debtors (Due After 1 year) | 2,149,353 | 2,323,807 | 291,442 | 284,396 | 640,030 | ||||||||||
| Total Fixed Assets | 13,513,365 | 10,886,128 | 9,598,571 | 4,813,662 | 5,818,693 | 5,859,118 | 5,390,848 | 4,893,272 | 5,170,967 | 5,208,203 | 9,357,079 | 14,757,761 | 12,711,297 | 91,365 | |
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 303,807 | 284,923 | 119,856 | 1,359 | 2,228 | 2,090 | 3,401 | 5,837 | |||||||
| Group Debtors | |||||||||||||||
| Misc Debtors | 40,830 | 37,817 | 30,522 | 20,453 | 20,321 | 568 | 11,452 | 270,392 | 8,240 | ||||||
| Cash | 42,860 | 1,435,511 | 4,648,995 | 1,392,955 | 356,484 | 1,075 | 539,301 | 1,110,821 | 135,086 | 180,871 | 324,819 | 1,735,074 | 2,722,932 | 831,434 | 982,290 |
| misc current assets | 9,296 | 47,351 | 399,926 | 61,568 | |||||||||||
| total current assets | 355,963 | 1,767,785 | 4,768,851 | 5,347,100 | 358,712 | 43,995 | 580,519 | 1,141,343 | 155,539 | 201,192 | 725,313 | 1,808,094 | 2,722,932 | 1,107,663 | 990,530 |
| total assets | 13,869,328 | 12,653,913 | 14,367,422 | 10,160,762 | 6,177,405 | 5,903,113 | 5,971,367 | 6,034,615 | 5,326,506 | 5,409,395 | 10,082,392 | 16,565,855 | 15,434,229 | 1,199,028 | 990,530 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 126,241 | 85,719 | 31,649 | 56,083 | 42,763 | 408,411 | 299,549 | 277,876 | 189,857 | 246,547 | 19,009 | 8,747 | 76,613 | ||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 2,316,707 | 91,695 | 348,835 | 270,833 | 266,975 | 173,430 | 156,965 | 116,095 | 100,865 | 43,832 | 26,345 | 24,465 | 5,297 | 9,288 | |
| total current liabilities | 2,442,948 | 177,414 | 380,484 | 326,916 | 309,738 | 581,841 | 456,514 | 393,971 | 290,722 | 290,379 | 45,354 | 33,212 | 76,613 | 5,297 | 9,288 |
| loans | 5 | 6 | 5 | 5 | 3,579 | 4,016 | 2,692 | 2,675 | 6 | ||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 8 | ||||||||||||||
| provisions | 851,626 | ||||||||||||||
| total long term liabilities | 5 | 6 | 425,818 | 5 | 3,579 | 4,016 | 2,692 | 2,675 | 6 | 8 | |||||
| total liabilities | 2,442,948 | 177,419 | 380,490 | 752,734 | 309,743 | 581,841 | 460,093 | 397,987 | 293,414 | 293,054 | 45,360 | 33,220 | 76,613 | 5,297 | 9,288 |
| net assets | 10,952,227 | 12,358,740 | 13,869,178 | 9,408,028 | 5,867,662 | 5,321,272 | 5,511,274 | 5,636,628 | 5,033,092 | 5,116,341 | 10,037,032 | 16,532,635 | 15,357,616 | 1,193,731 | 981,242 |
| total shareholders funds | 10,952,227 | 12,358,740 | 13,869,178 | 9,408,028 | 5,867,662 | 5,321,272 | 5,511,274 | 5,636,628 | 5,033,092 | 5,116,341 | 10,037,032 | 16,532,635 | 15,357,616 | 1,193,731 | 981,242 |
| Mar 2024 | 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 | -963,533 | -968,837 | -753,321 | -1,472,816 | -630,384 | -404,303 | -624,631 | -871,776 | -435,862 | -10,772,494 | -2,991,626 | -1,071,164 | -1,816,870 | -17,857 | |
| Depreciation | |||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -85,786 | 88,865 | 151,563 | -1,400 | |||||||||||
| Stock | |||||||||||||||
| Debtors | -155,570 | 2,488,874 | 118,497 | -292,311 | 250,750 | -282,694 | -344,938 | 650,099 | 132 | 19,753 | -10,884 | 11,452 | -276,229 | 267,989 | 8,240 |
| Creditors | 40,522 | 54,070 | -24,434 | 13,320 | -365,648 | 108,862 | 21,673 | 88,019 | -56,690 | 227,538 | 10,262 | -67,866 | 76,613 | ||
| Accruals and Deferred Income | 2,225,012 | -257,140 | 78,002 | 3,858 | 93,545 | 16,465 | 40,870 | 15,230 | 57,033 | 17,487 | 1,880 | 24,465 | -5,297 | -3,991 | 9,288 |
| Deferred Taxes & Provisions | -851,626 | 851,626 | |||||||||||||
| Cash flow from operations | 1,371,785 | -3,571,916 | -1,518,313 | -311,701 | -1,153,237 | 3,718 | -217,150 | -1,418,626 | -435,651 | -10,547,222 | -1,126,017 | -291,237 | |||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | -521,586 | -2,322,271 | 3,024,156 | 519,613 | -824,030 | -264,974 | 943,092 | -99,304 | -296,644 | 79,227 | -3,809,478 | 4,931,497 | 1,428,481 | 91,365 | |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | -5 | -1 | 1 | 5 | -3,579 | -437 | 1,324 | 17 | 2,669 | 6 | |||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -8 | 8 | |||||||||||||
| share issue | |||||||||||||||
| interest | 2 | 48,576 | 49,118 | 36,945 | -20 | 16,746 | 12,498 | ||||||||
| cash flow from financing | -354,617 | -43,909 | 2,918,575 | 3,452,494 | 1,188,585 | 223,203 | 901,100 | 1,993,557 | 384,971 | 2,649,383 | -2,331,111 | 3,051,800 | 15,999,800 | 231,746 | 1,009,010 |
| cash and cash equivalents | |||||||||||||||
| cash | -1,392,651 | -3,213,484 | 3,256,040 | 1,036,471 | 355,409 | -538,226 | -571,520 | 975,735 | -45,785 | -143,948 | -1,410,255 | -987,858 | 1,891,498 | -150,856 | 982,290 |
| overdraft | |||||||||||||||
| change in cash | -1,392,651 | -3,213,484 | 3,256,040 | 1,036,471 | 355,409 | -538,226 | -571,520 | 975,735 | -45,785 | -143,948 | -1,410,255 | -987,858 | 1,891,498 | -150,856 | 982,290 |
galileo resources plc Credit Report and Business Information
Galileo Resources Plc Competitor Analysis
Perform a competitor analysis for galileo resources plc by selecting its closest rivals, whether from the MINING AND QUARRYING sector, other micro companies, companies in SW7 area or any other competitors across 12 key performance metrics.
galileo resources plc Ownership
GALILEO RESOURCES PLC group structure
Galileo Resources Plc has no subsidiary companies.
Ultimate parent company
GALILEO RESOURCES PLC
05679987
galileo resources plc directors
Galileo Resources Plc currently has 5 directors. The longest serving directors include Mr John Wollenberg (Feb 2006) and Mr Christopher Molefe (Sep 2011).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Wollenberg | 76 years | Feb 2006 | - | Director | |
| Mr Christopher Molefe | 76 years | Sep 2011 | - | Director | |
| Mr Colin Bird | United Arab Emirates | 81 years | Sep 2011 | - | Director |
| Mr Edward Slowey | 74 years | Sep 2020 | - | Director | |
| Mr Joel Silberstein | 50 years | Oct 2020 | - | Director |
P&L
March 2024turnover
130.6k
-55%
operating profit
-963.5k
-1%
gross margin
23.3%
-1.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
11m
-0.11%
total assets
13.9m
+0.1%
cash
42.9k
-0.97%
net assets
Total assets minus all liabilities
galileo resources plc company details
company number
05679987
Type
Public limited with Share Capital
industry
08990 - Other mining and quarrying n.e.c.
incorporation date
January 2006
age
19
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
general industries plc (September 2011)
speareagle public limited company (February 2006)
accountant
-
auditor
MAH CHARTERED ACCOUNTANTS
address
1st floor 7-8 kendrick mews, london, SW7 3HG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
FLADGATE LLP
galileo resources plc 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 galileo resources plc.
galileo resources plc Capital Raised & Share Issues BETA
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galileo resources plc Companies House Filings - See Documents
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