Gece Contracting Limited

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gece contracting limited Company Information

Live

EstablishedSmallHigh

Company Number

05925951

Website

http://gec.co.uk

Registered Address

9 saville street west, north shields, NE29 6QU

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

01912962578

Next Accounts Due

December 2024

Group Structure

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Directors

Simon Forster17 Years

Shareholders

simon forster 40%

george forster 30%

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gece contracting limited Estimated Valuation

£575.4k

Pomanda estimates the enterprise value of GECE CONTRACTING LIMITED at £575.4k based on a Turnover of £1.8m and 0.32x industry multiple (adjusted for size and gross margin).

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Gece Contracting Limited is a live company located in north shields, NE29 6QU with a Companies House number of 05925951. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 2006, it's largest shareholder is simon forster with a 40% stake. Gece Contracting Limited is a established, small sized company, Pomanda has estimated its turnover at £1.8m with high growth in recent years.

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Pomanda's financial health check has awarded Gece Contracting Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

2 Strong

3 Regular

6 Weak

Size

annual sales of £1.8m, make it smaller than the average company (£5.7m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.2%)

EXPORT

Gece Contracting Limited's latest turnover from March 2023 is estimated at £1.8 million and the company has net assets of £231.2 thousand. According to their latest financial statements, Gece Contracting Limited has 4 employees and maintains cash reserves of £27.4 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	1,825,791	3,296,755	1,643,284	1,187,284	2,278,930	1,847,660	2,551,403	1,710,491	2,118,514	1,290,770	1,948,358	1,013,642	1,125,354	980,468
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,385,883	2,499,456	1,263,028	897,848	1,710,681	1,374,353	1,886,193	1,269,631	1,594,785	960,355	1,431,357	734,791	794,485	695,250
Gross Profit	439,908	797,300	380,256	289,437	568,249	473,307	665,210	440,859	523,730	330,415	517,000	278,851	330,869	285,218
Admin Expenses	438,827	711,778	358,036	298,300	508,952	415,624	661,026	440,709	497,032	330,471	498,512	270,619	311,337	279,431
Operating Profit	1,081	85,522	22,220	-8,863	59,297	57,683	4,184	150	26,698	-56	18,488	8,232	19,532	5,787
Interest Payable	4,271	3,263	1,525	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	749	204	54	75	556	151	21	166	228	136	83	53	8	6
Pre-Tax Profit	-2,441	82,464	20,749	-8,788	59,853	57,835	4,205	316	26,925	81	18,571	8,285	19,540	5,793
Tax	0	-15,668	-3,942	0	-11,372	-10,989	-841	-63	-5,654	-19	-4,457	-2,154	-5,471	-1,622
Profit After Tax	-2,441	66,796	16,807	-8,788	48,481	46,846	3,364	253	21,271	62	14,114	6,131	14,069	4,171
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-2,441	66,796	16,807	-8,788	48,481	46,846	3,364	253	21,271	62	14,114	6,131	14,069	4,171
Employee Costs	178,165	170,385	166,410	212,221	209,859	162,886	640,473	427,430	492,678	332,289	471,472	286,891	307,846	278,794
Number Of Employees	4	4	4	5	5	4	16	11	13	9	13	8	9	8
EBITDA*	1,492	86,036	22,787	-6,551	61,609	57,683	4,184	1,045	27,488	54	18,678	8,610	19,910	6,165

* 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	66,646	67,057	67,266	67,833	70,145	1,501	2,052	2,561	2,931	325	435	75	453	831
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	66,646	67,057	67,266	67,833	70,145	1,501	2,052	2,561	2,931	325	435	75	453	831
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	580,007	772,691	505,432	312,165	633,950	497,581	429,126	279,926	341,881	207,343	320,933	163,703	191,569	152,522
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	2,956	3,333	5,145	962	1,751	0	0	0	0	0	0	0	0
Cash	27,380	7,880	46,588	61,573	87,676	60,533	0	16,785	49,682	41,339	13,164	20,141	919	2,467
misc current assets	0	0	3,131	730	0	0	0	0	0	0	0	995	0	0
total current assets	607,387	783,527	558,484	379,613	722,588	559,865	429,126	296,711	391,563	248,682	334,097	184,839	192,488	154,989
total assets	674,033	850,584	625,750	447,446	792,733	561,366	431,178	299,272	394,494	249,007	334,532	184,914	192,941	155,820
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	37,290	0	90,003	67,606	165,194	160,958	367,743	239,101	334,576	210,360	295,947	160,443	174,601	151,549
Group/Directors Accounts	464	550	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	342,274	539,518	284,725	191,455	425,748	290,027	0	0	0	0	0	0	0	0
total current liabilities	380,028	540,068	374,728	259,061	590,942	450,985	367,743	239,101	334,576	210,360	295,947	160,443	174,601	151,549
loans	36,667	46,667	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	0	0	0
other liabilities	26,102	30,172	34,141	38,311	42,929	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	62,769	76,839	84,141	38,311	42,929	0	0	0	0	0	0	0	0	0
total liabilities	442,797	616,907	458,869	297,372	633,871	450,985	367,743	239,101	334,576	210,360	295,947	160,443	174,601	151,549
net assets	231,236	233,677	166,881	150,074	158,862	110,381	63,435	60,171	59,918	38,647	38,585	24,471	18,340	4,271
total shareholders funds	231,236	233,677	166,881	150,074	158,862	110,381	63,435	60,171	59,918	38,647	38,585	24,471	18,340	4,271

	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	1,081	85,522	22,220	-8,863	59,297	57,683	4,184	150	26,698	-56	18,488	8,232	19,532	5,787
Depreciation	411	514	567	2,312	2,312	0	0	895	790	110	190	378	378	378
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-15,668	-3,942	0	-11,372	-10,989	-841	-63	-5,654	-19	-4,457	-2,154	-5,471	-1,622
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-195,640	266,882	191,455	-317,602	135,580	70,206	149,200	-61,955	134,538	-113,590	157,230	-27,866	39,047	152,522
Creditors	37,290	-90,003	22,397	-97,588	4,236	-206,785	128,642	-95,475	124,216	-85,587	135,504	-14,158	23,052	151,549
Accruals and Deferred Income	-197,244	254,793	93,270	-234,293	135,721	290,027	0	0	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	37,178	-31,724	-56,943	-20,830	54,614	59,730	-17,215	-32,538	11,512	28,038	-7,505	20,164	-1,556	3,570
Investing Activities
capital expenditure	0	-305	0	0	-70,956	551	509	-525	-3,396	0	-550	0	0	-1,209
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-305	0	0	-70,956	551	509	-525	-3,396	0	-550	0	0	-1,209
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-86	550	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	-10,000	-3,333	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	-4,070	-3,969	-4,170	-4,618	42,929	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	100	-100	0	0	0	0	0	0	100
interest	-3,522	-3,059	-1,471	75	556	151	21	166	228	136	83	53	8	6
cash flow from financing	-17,678	-9,811	44,359	-4,543	43,485	251	-79	166	228	136	83	53	8	106
cash and cash equivalents
cash	19,500	-38,708	-14,985	-26,103	27,143	60,533	-16,785	-32,897	8,343	28,175	-6,977	19,222	-1,548	2,467
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	19,500	-38,708	-14,985	-26,103	27,143	60,533	-16,785	-32,897	8,343	28,175	-6,977	19,222	-1,548	2,467

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GECE CONTRACTING LIMITED group structure

Gece Contracting Limited has no subsidiary companies.

Ultimate parent company

GECE CONTRACTING LIMITED

05925951

GECE CONTRACTING LIMITED Shareholders

simon forster	40%
george forster	30%
william forster	30%

Gece Contracting Limited currently has 1 director, Mr Simon Forster serving since Sep 2006.

officer	country	age	start	end	role
Mr Simon Forster	United Kingdom	58 years	Sep 2006	-	Director

P&L

March 2023

turnover

1.8m

-45%

operating profit

1.1k

gross margin

24.1%

-0.37%

turnover

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

Balance Sheet

March 2023

net assets

231.2k

-0.01%

total assets

674k

-0.21%

cash

27.4k

+2.47%

net assets

Total assets minus all liabilities

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company number

05925951

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

September 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

9 saville street west, north shields, NE29 6QU

last accounts submitted

March 2023

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 2 charges/mortgages relating to gece contracting limited. Currently there are 2 open charges and 0 have been satisfied in the past.

gece contracting limited Company Information

gece contracting limited Estimated Valuation

gece contracting limited Estimated Valuation

gece contracting limited Estimated Valuation

Gece Contracting Limited Overview

Gece Contracting Limited Health Check

GECE CONTRACTING LIMITED financials

gece contracting limited Credit Report and Business Information

Gece Contracting Limited Competitor Analysis

gece contracting limited Ownership

gece contracting limited directors

gece contracting limited company details

gece contracting limited Charges & Mortgages

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