Ggec (europe) Limited

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ggec (europe) limited Company Information

Live

Established

Company Number

05901512

Website

http://downloads.yahoo.com

Registered Address

50 granby row, manchester, M1 7AY

Industry

Manufacture of computers and peripheral equipment

Manufacture of other electrical equipment

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Telephone

Next Accounts Due

September 2024

Group Structure

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Directors

Weicheng He17 Years

Yong Zhang10 Years

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Shareholders

guogang electric company ltd 100%

ggec (europe) limited Estimated Valuation

£0

Pomanda estimates the enterprise value of GGEC (EUROPE) LIMITED at £0 based on a Turnover of £0 and 0.71x industry multiple (adjusted for size and gross margin).

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Ggec (europe) Limited is a live company located in manchester, M1 7AY with a Companies House number of 05901512. It operates in the manufacture of computers and peripheral equipment sector, SIC Code 26200. Founded in August 2006, it's largest shareholder is guogang electric company ltd with a 100% stake. Ggec (europe) Limited is a established, unknown sized company, Pomanda has estimated its turnover at £0 with unknown growth in recent years.

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There is insufficient data available to calculate a health check for Ggec (Europe) Limited. Company Health Check FAQs

Health Rating0out of 5

0 Strong

0 Regular

1 Weak

Size

There is insufficient data available for this Key Performance Indicator!

Growth

There is insufficient data available for this Key Performance Indicator!

EXPORT

Ggec (Europe) Limited's latest turnover from December 2022 is estimated at 0 and the company has net assets of -£168.9 thousand. According to their latest financial statements, we estimate that Ggec (Europe) Limited has no employees and maintains cash reserves of £19.4 thousand 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	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Turnover	0	0	3,348,528	3,951,738	5,230,598	4,687,142	5,048,424	2,774,801	1,637,868	1,606,715	2,280,640	1,164,654	1,221,034	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	0	0	2,221,657	2,614,647	3,519,497	3,113,070	3,261,128	1,810,620	1,081,942	1,057,823	1,468,740	734,475	761,615	0
Gross Profit	0	0	1,126,871	1,337,091	1,711,101	1,574,072	1,787,296	964,181	555,926	548,892	811,901	430,179	459,419	0
Admin Expenses	68,308	11,089	-177,380	2,042,925	1,706,867	1,878,356	2,116,782	1,371,339	627,926	585,757	800,431	483,900	432,289	8,813
Operating Profit	-68,308	-11,089	1,304,251	-705,834	4,234	-304,284	-329,486	-407,158	-72,000	-36,865	11,470	-53,721	27,130	-8,813
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	702	60	28	278	754	868	348	421	433	285	353	721	745	326
Pre-Tax Profit	-67,606	-11,030	1,304,279	-705,556	4,988	-303,416	-329,138	-406,737	-71,567	-36,580	11,824	-53,000	27,875	-8,487
Tax	0	0	-247,813	0	-948	0	0	0	0	0	-2,838	0	-7,805	0
Profit After Tax	-67,606	-11,030	1,056,466	-705,556	4,040	-303,416	-329,138	-406,737	-71,567	-36,580	8,986	-53,000	20,070	-8,487
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-67,606	-11,030	1,056,466	-705,556	4,040	-303,416	-329,138	-406,737	-71,567	-36,580	8,986	-53,000	20,070	-8,487
Employee Costs	0	0	915,597	90,582	136,068	88,482	1,273,991	641,282	361,239	351,562	504,530	264,226	313,278	0
Number Of Employees	0	0	20	2	3	2	30	16	9	9	13	7	9	0
EBITDA*	-68,308	-11,089	1,304,251	-705,834	4,936	-303,348	-328,238	-404,663	-70,213	-35,142	12,552	-53,272	27,204	-8,715

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Tangible Assets	0	0	0	0	2,104	2,806	3,742	4,990	5,361	5,170	3,246	1,345	221	295
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	431,250	431,250	431,250	431,250	431,250	431,250	431,250	431,250	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	431,250	431,250	431,250	431,250	433,354	434,056	434,992	436,240	5,361	5,170	3,246	1,345	221	295
Stock & work in progress	0	0	0	0	0	0	371,631	214,975	0	0	0	0	0	0
Trade Debtors	0	0	0	0	958,123	807,861	704,526	363,978	304,958	306,070	448,240	241,495	251,617	365,474
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	360	0	0	2,434	2,501	138,277	215,232	0	0	0	0	0	0
Cash	19,425	20,693	26,903	29,997	44,076	156,990	190,158	88,246	79,966	93,406	20,416	120,955	167,536	130,284
misc current assets	58	27	85	70	0	0	0	0	0	0	0	0	0	0
total current assets	19,483	21,080	26,988	30,067	1,004,633	967,352	1,404,592	882,431	384,924	399,476	468,656	362,450	419,153	495,758
total assets	450,733	452,330	458,238	461,317	1,437,987	1,401,408	1,839,584	1,318,671	390,285	404,646	471,902	363,795	419,374	496,053
Bank overdraft	0	0	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	0	0	548,522	1,607,934	1,878,965	1,841,790	1,964,767	1,126,700	227,478	170,272	200,948	101,827	104,406	201,155
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	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
other current liabilities	0	0	0	133	216	4,852	16,635	4,651	0	0	0	0	0	0
total current liabilities	0	0	548,522	1,608,067	1,879,181	1,846,642	1,981,402	1,131,351	227,478	170,272	200,948	101,827	104,406	201,155
loans	0	0	0	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	0	0	0
other liabilities	619,653	553,644	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	619,653	553,644	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	619,653	553,644	548,522	1,608,067	1,879,181	1,846,642	1,981,402	1,131,351	227,478	170,272	200,948	101,827	104,406	201,155
net assets	-168,920	-101,314	-90,284	-1,146,750	-441,194	-445,234	-141,818	187,320	162,807	234,374	270,954	261,968	314,968	294,898
total shareholders funds	-168,920	-101,314	-90,284	-1,146,750	-441,194	-445,234	-141,818	187,320	162,807	234,374	270,954	261,968	314,968	294,898

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Aug 2014	Aug 2013	Aug 2012	Aug 2011	Aug 2010	Aug 2009
Operating Activities
Operating Profit	-68,308	-11,089	1,304,251	-705,834	4,234	-304,284	-329,486	-407,158	-72,000	-36,865	11,470	-53,721	27,130	-8,813
Depreciation	0	0	0	0	702	936	1,248	2,495	1,787	1,723	1,082	449	74	98
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-247,813	0	-948	0	0	0	0	0	-2,838	0	-7,805	0
Stock	0	0	0	0	0	-371,631	156,656	214,975	0	0	0	0	0	0
Debtors	-360	360	0	-960,557	150,195	-32,441	263,593	274,252	-1,112	-142,170	206,745	-10,122	-113,857	365,474
Creditors	0	-548,522	-1,059,412	-271,031	37,175	-122,977	838,067	899,222	57,206	-30,676	99,121	-2,579	-96,749	201,155
Accruals and Deferred Income	0	0	-133	-83	-4,636	-11,783	11,984	4,651	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-67,948	-559,971	-3,107	-16,391	-113,668	-34,036	101,564	9,983	-11,895	76,352	-97,910	-45,729	36,507	-173,034
Investing Activities
capital expenditure	0	0	0	2,104	0	0	0	-2,124	-1,978	-3,647	-2,983	-1,573	0	-393
Change in Investments	0	0	0	0	0	0	0	431,250	0	0	0	0	0	0
cash flow from investments	0	0	0	2,104	0	0	0	-433,374	-1,978	-3,647	-2,983	-1,573	0	-393
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	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	66,009	553,644	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	431,250	0	0	0	0	0	303,385
interest	702	60	28	278	754	868	348	421	433	285	353	721	745	326
cash flow from financing	66,711	553,704	28	278	754	868	348	431,671	433	285	353	721	745	303,711
cash and cash equivalents
cash	-1,268	-6,210	-3,094	-14,079	-112,914	-33,168	101,912	8,280	-13,440	72,990	-100,539	-46,581	37,252	130,284
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-1,268	-6,210	-3,094	-14,079	-112,914	-33,168	101,912	8,280	-13,440	72,990	-100,539	-46,581	37,252	130,284

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GGEC (EUROPE) LIMITED group structure

Ggec (Europe) Limited has no subsidiary companies.

Ultimate parent company

GUOGANG ELECTRIC CO LTD

#0062515

1 parent

GGEC (EUROPE) LIMITED

05901512

GGEC (EUROPE) LIMITED Shareholders

guogang electric company ltd

100%

Ggec (Europe) Limited currently has 3 directors. The longest serving directors include Weicheng He (Jan 2007) and Mr Yong Zhang (Jun 2014).

officer	country	age	start	end	role
Weicheng He	China	53 years	Jan 2007	-	Director
Mr Yong Zhang	England	53 years	Jun 2014	-	Director
Mr Ying Li	England	50 years	Jul 2018	-	Director

P&L

December 2022

turnover

operating profit

-68.3k

gross margin

turnover

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

Balance Sheet

December 2022

net assets

-168.9k

+0.67%

total assets

450.7k

cash

19.4k

-0.06%

net assets

Total assets minus all liabilities

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company number

05901512

Type

Private limited with Share Capital

industry

26200 - Manufacture of computers and peripheral equipment

27900 - Manufacture of other electrical equipment

26400 - Manufacture of consumer electronics

incorporation date

August 2006

age

accounts

Total Exemption Full

ultimate parent company

GUOGANG ELECTRIC CO LTD

previous names

N/A

incorporated

address

50 granby row, manchester, M1 7AY

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.

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ggec (europe) limited Company Information

ggec (europe) limited Estimated Valuation

ggec (europe) limited Estimated Valuation

ggec (europe) limited Estimated Valuation

Ggec (europe) Limited Overview

Ggec (europe) Limited Health Check

GGEC (EUROPE) LIMITED financials

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Ggec (europe) Limited Competitor Analysis

ggec (europe) limited Ownership

ggec (europe) limited directors

ggec (europe) limited company details

ggec (europe) limited Charges & Mortgages

ggec (europe) limited Companies House Filings - See Documents