Gb Electronics (uk) Limited

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gb electronics (uk) limited Company Information

Live

EstablishedMidHigh

Company Number

06210991

Website

http://gbelectronics.uk

Registered Address

ascot house mulberry close, woods way, goring by sea, west sussex, BN12 4QY

Industry

Computer consultancy activities

Telephone

01903244500

Next Accounts Due

December 2024

Group Structure

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Directors

Mark Bullen17 Years

Thomas Bullen17 Years

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Shareholders

mark stephen bullen 40%

thomas bullen 40%

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gb electronics (uk) limited Estimated Valuation

£7.4m

Pomanda estimates the enterprise value of GB ELECTRONICS (UK) LIMITED at £7.4m based on Net Assets of £3.5m and 2.11x industry multiple (adjusted for liquidity).

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Gb Electronics (uk) Limited is a live company located in goring by sea, BN12 4QY with a Companies House number of 06210991. It operates in the information technology consultancy activities sector, SIC Code 62020. Founded in April 2007, it's largest shareholder is mark stephen bullen with a 40% stake. Gb Electronics (uk) Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.2m with high growth in recent years.

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Pomanda's financial health check has awarded Gb Electronics (Uk) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

7 Strong

2 Regular

3 Weak

Size

annual sales of £8.2m, make it larger than the average company (£883.9k)

Growth

3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (4.7%)

EXPORT

Gb Electronics (Uk) Limited's latest turnover from March 2023 is estimated at £8.2 million and the company has net assets of £3.5 million. According to their latest financial statements, Gb Electronics (Uk) Limited has 52 employees and maintains cash reserves of £864.2 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	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	8,242,768	5,532,927	5,796,058	5,046,164	4,170,764	3,706,592	2,622,577	3,496,690	3,071,584	3,178,346	2,968,777	3,060,822	2,811,020	1,604,434
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,346,770	2,990,074	2,998,711	2,404,783	1,910,297	1,619,732	1,041,036	1,378,016	1,164,618	1,164,408	1,014,538	1,088,954	1,054,272	582,061
Gross Profit	3,895,999	2,542,853	2,797,347	2,641,381	2,260,467	2,086,861	1,581,541	2,118,673	1,906,966	2,013,938	1,954,238	1,971,869	1,756,747	1,022,374
Admin Expenses	3,397,569	1,646,027	2,231,016	1,988,335	1,693,258	1,999,964	1,688,449	1,912,030	1,821,286	1,994,796	1,807,529	1,523,386	1,631,014	744,255
Operating Profit	498,430	896,826	566,331	653,046	567,209	86,897	-106,908	206,643	85,680	19,142	146,709	448,483	125,733	278,119
Interest Payable	3,900	3,163	17,417	28,557	30,772	17,664	2,538	1,085	0	0	0	0	0	0
Interest Receivable	31,655	2,473	47	165	1,066	166	69	122	251	592	926	471	75	71
Pre-Tax Profit	526,185	896,136	548,960	624,654	537,504	69,400	-109,377	205,680	85,931	19,734	147,635	448,954	125,808	278,190
Tax	-99,975	-170,266	-104,302	-118,684	-102,126	-13,186	0	-41,136	-17,186	-4,144	-33,956	-107,749	-32,710	-77,893
Profit After Tax	426,210	725,870	444,658	505,970	435,378	56,214	-109,377	164,544	68,745	15,590	113,679	341,205	93,098	200,297
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	426,210	725,870	444,658	505,970	435,378	56,214	-109,377	164,544	68,745	15,590	113,679	341,205	93,098	200,297
Employee Costs	2,741,917	1,462,902	1,264,704	1,245,170	1,381,094	1,335,274	1,376,537	1,379,448	1,324,143	1,352,011	1,243,626	1,298,196	1,198,875	726,077
Number Of Employees	52	30	28	27	26	26	26	24	23	24	23	24	23	14
EBITDA*	612,064	966,826	625,855	696,753	597,052	118,346	-76,393	238,971	115,912	50,989	170,566	471,923	149,796	299,197

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	317,406	158,836	200,652	72,990	23,451	30,379	23,540	29,582	27,541	28,777	13,029	15,156	13,658	18,221
Intangible Assets	75,044	90,044	107,092	124,140	145,954	167,971	190,232	211,457	223,975	242,203	262,680	281,132	295,500	270,000
Investments & Other	415,101	718,953	718,852	678,852	678,852	678,852	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	807,551	967,833	1,026,596	875,982	848,257	877,202	213,772	241,039	251,516	270,980	275,709	296,288	309,158	288,221
Stock & work in progress	1,506,502	603,677	610,361	766,728	668,812	660,013	460,393	510,938	567,441	488,669	398,024	377,321	291,748	168,223
Trade Debtors	1,898,816	1,334,159	1,509,991	1,298,179	927,881	841,431	503,765	650,242	471,656	462,333	445,667	460,044	408,550	241,745
Group Debtors	14,899	281,482	141,403	115,724	24,800	0	0	0	0	0	0	0	0	0
Misc Debtors	59,629	224,184	41,497	17,873	12,796	34,611	64,865	10,407	0	0	0	0	0	0
Cash	864,205	625,449	34,086	59,416	271,270	13,078	53,391	1,880	47,008	53,524	183,301	186,956	1,338	28,547
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	4,344,051	3,068,951	2,337,338	2,257,920	1,905,559	1,549,133	1,082,414	1,173,467	1,086,105	1,004,526	1,026,992	1,024,321	701,636	438,515
total assets	5,151,602	4,036,784	3,363,934	3,133,902	2,753,816	2,426,335	1,296,186	1,414,506	1,337,621	1,275,506	1,302,701	1,320,609	1,010,794	726,736
Bank overdraft	9,932	9,687	7,941	520,218	416,074	495,677	47,818	33,396	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	466,577	462,118	469,667	359,523	512,999	410,119	104,847	89,566	494,757	501,387	342,797	457,376	503,677	270,492
Group/Directors Accounts	602,265	0	0	0	0	0	0	0	0	0	201,375	218,383	203,472	245,697
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	388,409	359,759	354,741	322,046	431,247	462,906	241,869	284,136	0	0	0	0	0	0
total current liabilities	1,467,183	831,564	832,349	1,201,787	1,360,320	1,368,702	394,534	407,098	494,757	501,387	544,172	675,759	707,149	516,189
loans	23,274	33,206	42,892	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	108,557	76,085	110,710	23,132	0	98,327	0	0	0	0	0	0	0	0
provisions	60,307	29,858	37,732	13,390	3,873	5,061	3,621	0	0	0	0	0	0	0
total long term liabilities	192,138	139,149	191,334	36,522	3,873	103,388	3,621	0	0	0	0	0	0	0
total liabilities	1,659,321	970,713	1,023,683	1,238,309	1,364,193	1,472,090	398,155	407,098	494,757	501,387	544,172	675,759	707,149	516,189
net assets	3,492,281	3,066,071	2,340,251	1,895,593	1,389,623	954,245	898,031	1,007,408	842,864	774,119	758,529	644,850	303,645	210,547
total shareholders funds	3,492,281	3,066,071	2,340,251	1,895,593	1,389,623	954,245	898,031	1,007,408	842,864	774,119	758,529	644,850	303,645	210,547

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	498,430	896,826	566,331	653,046	567,209	86,897	-106,908	206,643	85,680	19,142	146,709	448,483	125,733	278,119
Depreciation	98,634	52,952	42,476	21,893	7,826	9,028	7,854	9,872	9,195	9,594	4,357	3,940	4,563	6,078
Amortisation	15,000	17,048	17,048	21,814	22,017	22,421	22,661	22,456	21,037	22,253	19,500	19,500	19,500	15,000
Tax	-99,975	-170,266	-104,302	-118,684	-102,126	-13,186	0	-41,136	-17,186	-4,144	-33,956	-107,749	-32,710	-77,893
Stock	902,825	-6,684	-156,367	97,916	8,799	199,620	-50,545	-56,503	78,772	90,645	20,703	85,573	123,525	168,223
Debtors	133,519	146,934	261,115	466,299	89,435	307,412	-92,019	188,993	9,323	16,666	-14,377	51,494	166,805	241,745
Creditors	4,459	-7,549	110,144	-153,476	102,880	305,272	15,281	-405,191	-6,630	158,590	-114,579	-46,301	233,185	270,492
Accruals and Deferred Income	28,650	5,018	32,695	-109,201	-31,659	221,037	-42,267	284,136	0	0	0	0	0	0
Deferred Taxes & Provisions	30,449	-7,874	24,342	9,517	-1,188	1,440	3,621	0	0	0	0	0	0	0
Cash flow from operations	-460,697	645,905	583,986	-239,306	466,725	125,877	42,806	-55,710	4,001	98,124	15,705	180,806	59,941	81,828
Investing Activities
capital expenditure	-257,204	-11,136	-170,138	-71,432	-898	-16,027	-3,248	-21,851	-10,768	-27,118	-3,278	-10,570	-45,000	-309,299
Change in Investments	-303,852	101	40,000	0	0	678,852	0	0	0	0	0	0	0	0
cash flow from investments	46,648	-11,237	-210,138	-71,432	-898	-694,879	-3,248	-21,851	-10,768	-27,118	-3,278	-10,570	-45,000	-309,299
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	602,265	0	0	0	0	0	0	0	0	-201,375	-17,008	14,911	-42,225	245,697
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-9,932	-9,686	42,892	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	32,472	-34,625	87,578	23,132	-98,327	98,327	0	0	0	0	0	0	0	0
share issue	0	-50	0	0	0	0	0	0	0	0	0	0	0	10,250
interest	27,755	-690	-17,370	-28,392	-29,706	-17,498	-2,469	-963	251	592	926	471	75	71
cash flow from financing	652,560	-45,051	113,100	-5,260	-128,033	80,829	-2,469	-963	251	-200,783	-16,082	15,382	-42,150	256,018
cash and cash equivalents
cash	238,756	591,363	-25,330	-211,854	258,192	-40,313	51,511	-45,128	-6,516	-129,777	-3,655	185,618	-27,209	28,547
overdraft	245	1,746	-512,277	104,144	-79,603	447,859	14,422	33,396	0	0	0	0	0	0
change in cash	238,511	589,617	486,947	-315,998	337,795	-488,172	37,089	-78,524	-6,516	-129,777	-3,655	185,618	-27,209	28,547

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GB ELECTRONICS (UK) LIMITED group structure

Gb Electronics (Uk) Limited has 1 subsidiary company.

Ultimate parent company

GB ELECTRONICS (UK) LIMITED

06210991

1 subsidiary

WILDTRAX ELECTRONICS (UK) LIMITED

03645204

GB ELECTRONICS (UK) LIMITED Shareholders

mark stephen bullen	39.97%
thomas bullen	39.97%
kimberley martin greenyer	20.01%
diana caroline bullen	0.05%

Gb Electronics (Uk) Limited currently has 7 directors. The longest serving directors include Mr Mark Bullen (Apr 2007) and Mr Thomas Bullen (Apr 2007).

officer	country	age	start	end	role
Mr Mark Bullen	United Kingdom	51 years	Apr 2007	-	Director
Mr Thomas Bullen	England	48 years	Apr 2007	-	Director
Mr Kimberley Greenyer		55 years	Apr 2007	-	Director
Mrs Diana Jarman		77 years	Apr 2007	-	Director
Mr Matthew Wilson		50 years	Jul 2016	-	Director
Mr Alex Croucher		34 years	Apr 2024	-	Director
Mr Nathan Bean		48 years	Apr 2024	-	Director

P&L

March 2023

turnover

8.2m

+49%

operating profit

498.4k

gross margin

47.3%

+2.84%

turnover

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

Balance Sheet

March 2023

net assets

3.5m

+0.14%

total assets

5.2m

+0.28%

cash

864.2k

+0.38%

net assets

Total assets minus all liabilities

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company number

06210991

Type

Private limited with Share Capital

industry

62020 - Computer consultancy activities

incorporation date

April 2007

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

ascot house mulberry close, woods way, goring by sea, west sussex, BN12 4QY

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 gb electronics (uk) limited. Currently there are 2 open charges and 0 have been satisfied in the past.

gb electronics (uk) limited Company Information

gb electronics (uk) limited Estimated Valuation

gb electronics (uk) limited Estimated Valuation

gb electronics (uk) limited Estimated Valuation

Gb Electronics (uk) Limited Overview

Gb Electronics (uk) Limited Health Check

GB ELECTRONICS (UK) LIMITED financials

gb electronics (uk) limited Credit Report and Business Information

Gb Electronics (uk) Limited Competitor Analysis

gb electronics (uk) limited Ownership

gb electronics (uk) limited directors

gb electronics (uk) limited company details

gb electronics (uk) limited Charges & Mortgages

gb electronics (uk) limited Companies House Filings - See Documents