Global Resources Europe Ltd

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global resources europe ltd Company Information

Live

EstablishedMicroDeclining

Company Number

06334713

Website

grel.co.uk

Registered Address

renaissance court, 3-5 woods mews, london, W1K 7DN

Industry

Other business support service activities n.e.c.

Telephone

02073999310

Next Accounts Due

December 2024

Group Structure

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Directors

Sangeeta Mittal17 Years

Vartika Mittal Goenka17 Years

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Shareholders

sangeeta mittal 60%

vartika mittal goenica 32.4%

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global resources europe ltd Estimated Valuation

£2.9m

Pomanda estimates the enterprise value of GLOBAL RESOURCES EUROPE LTD at £2.9m based on Net Assets of £1.1m and 2.54x industry multiple (adjusted for liquidity).

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Global Resources Europe Ltd is a live company located in london, W1K 7DN with a Companies House number of 06334713. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in August 2007, it's largest shareholder is sangeeta mittal with a 60% stake. Global Resources Europe Ltd is a established, micro sized company, Pomanda has estimated its turnover at £350.9k with declining growth in recent years.

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Pomanda's financial health check has awarded Global Resources Europe Ltd a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £350.9k, make it smaller than the average company (£3m)

Growth

3 year (CAGR) sales growth of -40%, show it is growing at a slower rate (4.1%)

EXPORT

Global Resources Europe Ltd's latest turnover from March 2023 is estimated at £350.9 thousand and the company has net assets of £1.1 million. According to their latest financial statements, Global Resources Europe Ltd has 3 employees and maintains cash reserves of £75.9 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	350,909	1,936,219	792,316	1,657,539	6,950,110	6,099,689	5,856,127	7,171,922	5,779,626	5,471,247	6,668,569	8,412,522	8,304,791	7,399,059
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	216,342	1,197,480	497,071	1,028,012	4,328,608	3,781,182	3,566,248	4,454,481	3,658,229	3,485,457	4,222,172	5,181,026	4,987,275	4,412,582
Gross Profit	134,567	738,740	295,245	629,528	2,621,502	2,318,507	2,289,878	2,717,441	2,121,397	1,985,790	2,446,397	3,231,496	3,317,516	2,986,477
Admin Expenses	124,068	753,365	239,951	338,427	2,979,024	2,274,245	2,269,008	2,685,074	2,088,166	1,932,091	2,399,321	3,220,868	3,313,081	2,798,589
Operating Profit	10,499	-14,625	55,294	291,101	-357,522	44,262	20,870	32,367	33,231	53,699	47,076	10,628	4,435	187,888
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	1,683	17	1	4	46	17	12	38	149	349	213	25	32	7
Pre-Tax Profit	12,181	-14,608	55,295	291,105	-357,476	44,279	20,883	32,405	33,380	54,048	47,289	10,653	4,467	187,896
Tax	-2,314	0	-10,506	-55,310	0	-8,413	-4,176	-6,481	-7,010	-12,431	-11,349	-2,770	-1,251	-52,611
Profit After Tax	9,867	-14,608	44,789	235,795	-357,476	35,866	16,706	25,924	26,370	41,617	35,940	7,883	3,216	135,285
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	9,867	-14,608	44,789	235,795	-357,476	35,866	16,706	25,924	26,370	41,617	35,940	7,883	3,216	135,285
Employee Costs	130,486	124,789	120,000	158,182	421,518	362,130	354,565	2,032,028	1,601,180	1,553,827	1,876,096	2,358,124	2,395,845	2,082,267
Number Of Employees	3	3	3	4	11	10	10	57	45	44	54	68	70	59
EBITDA*	12,189	-13,515	55,294	291,101	-353,611	44,666	42,115	43,001	39,763	59,528	53,352	23,033	36,315	225,863

* 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	3,960	3,329	0	0	0	1,658	446	11,826	17,243	22,225	5,514	7,040	73,617	103,905
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	1,219,762	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	3,960	3,329	0	1,219,762	0	1,658	446	11,826	17,243	22,225	5,514	7,040	73,617	103,905
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	60,000	360,000	120,000	1,535	1,280,764	1,261,193	1,204,402	1,068,916	882,952	815,560	935,936	1,207,319	1,208,539	1,101,097
Group Debtors	1,176,882	986,327	1,190,262	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	75,891	3,300	1,161	1,608	5,649	6,601	118	9,817	5,575	54,098	85,386	0	9,882	2,971
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,312,773	1,349,627	1,311,423	3,143	1,286,413	1,267,794	1,204,520	1,078,733	888,527	869,658	1,021,322	1,207,319	1,218,421	1,104,068
total assets	1,316,733	1,352,956	1,311,423	1,222,905	1,286,413	1,269,452	1,204,966	1,090,559	905,770	891,883	1,026,836	1,214,359	1,292,038	1,207,973
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	805	0	0	785,279	1,084,582	710,145	681,525	583,824	424,959	437,442	614,012	837,475	923,037	861,405
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	183,762	230,657	858,508	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	184,567	230,657	858,508	785,279	1,084,582	710,145	681,525	583,824	424,959	437,442	614,012	837,475	923,037	861,405
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	0	0	0	29,500	0	29,500	29,500	29,500	29,500	29,500	29,500	29,500	29,500	10,283
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	29,500	29,500	29,500	29,500	29,500	29,500	29,500	29,500	29,500	29,500	10,283
total liabilities	184,567	230,657	858,508	814,779	1,114,082	739,645	711,025	613,324	454,459	466,942	643,512	866,975	952,537	871,688
net assets	1,132,166	1,122,299	452,915	408,126	172,331	529,807	493,941	477,235	451,311	424,941	383,324	347,384	339,501	336,285
total shareholders funds	1,132,166	1,122,299	452,915	408,126	172,331	529,807	493,941	477,235	451,311	424,941	383,324	347,384	339,501	336,285

	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	10,499	-14,625	55,294	291,101	-357,522	44,262	20,870	32,367	33,231	53,699	47,076	10,628	4,435	187,888
Depreciation	1,690	1,110	0	0	3,911	404	21,245	10,634	6,532	5,829	6,276	12,405	31,880	37,975
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-2,314	0	-10,506	-55,310	0	-8,413	-4,176	-6,481	-7,010	-12,431	-11,349	-2,770	-1,251	-52,611
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-109,445	36,065	88,965	-59,467	19,571	56,791	135,486	185,964	67,392	-120,376	-271,383	-1,220	107,442	1,101,097
Creditors	805	0	-785,279	-299,303	374,437	28,620	97,701	158,865	-12,483	-176,570	-223,463	-85,562	61,632	861,405
Accruals and Deferred Income	-46,895	-627,851	858,508	0	0	0	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	73,230	-677,431	29,052	-4,045	1,255	8,082	154	9,421	-47,122	-9,097	89,923	-64,079	-10,746	-66,440
Investing Activities
capital expenditure	-2,321	-4,439	0	0	-2,253	-1,616	-9,865	-5,217	-1,550	-22,540	-4,750	54,172	-1,592	-141,880
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-2,321	-4,439	0	0	-2,253	-1,616	-9,865	-5,217	-1,550	-22,540	-4,750	54,172	-1,592	-141,880
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	0	0	-29,500	29,500	-29,500	0	0	0	0	0	0	0	19,217	10,283
share issue	0	683,992	0	0	0	0	0	0	0	0	0	0	0	201,000
interest	1,683	17	1	4	46	17	12	38	149	349	213	25	32	7
cash flow from financing	1,683	684,009	-29,499	29,504	-29,454	17	12	38	149	349	213	25	19,249	211,290
cash and cash equivalents
cash	72,591	2,139	-447	-4,041	-952	6,483	-9,699	4,242	-48,523	-31,288	85,386	-9,882	6,911	2,971
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	72,591	2,139	-447	-4,041	-952	6,483	-9,699	4,242	-48,523	-31,288	85,386	-9,882	6,911	2,971

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GLOBAL RESOURCES EUROPE LTD group structure

Global Resources Europe Ltd has no subsidiary companies.

Ultimate parent company

GLOBAL RESOURCES EUROPE LTD

06334713

GLOBAL RESOURCES EUROPE LTD Shareholders

sangeeta mittal	59.97%
vartika mittal goenica	32.43%
divyesh mittal	3.82%
shristi mittal	3.78%

Global Resources Europe Ltd currently has 5 directors. The longest serving directors include Ms Sangeeta Mittal (Aug 2007) and Ms Vartika Mittal Goenka (Aug 2007).

officer	country	age	start	end	role
Ms Sangeeta Mittal	England	63 years	Aug 2007	-	Director
Ms Vartika Mittal Goenka	England	40 years	Aug 2007	-	Director
Shristi Mittal	England	37 years	Sep 2010	-	Director
Mr Smijithlal Madathra Sathyanandan	England	34 years	Jul 2021	-	Director
Mr Divyesh Mittal	England	34 years	Nov 2022	-	Director

P&L

March 2023

turnover

350.9k

-82%

operating profit

10.5k

gross margin

38.4%

+0.51%

turnover

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

Balance Sheet

March 2023

net assets

1.1m

+0.01%

total assets

1.3m

-0.03%

cash

75.9k

+22%

net assets

Total assets minus all liabilities

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company number

06334713

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

August 2007

accounts

Total Exemption Full

ultimate parent company

None

previous names

sanpra limited (September 2007)

last accounts submitted

March 2023

address

renaissance court, 3-5 woods mews, london, W1K 7DN

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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global resources europe ltd Company Information

global resources europe ltd Estimated Valuation

global resources europe ltd Estimated Valuation

global resources europe ltd Estimated Valuation

Global Resources Europe Ltd Overview

Global Resources Europe Ltd Health Check

GLOBAL RESOURCES EUROPE LTD financials

global resources europe ltd Credit Report and Business Information

Global Resources Europe Ltd Competitor Analysis

global resources europe ltd Ownership

global resources europe ltd directors

global resources europe ltd company details

global resources europe ltd Charges & Mortgages

global resources europe ltd Companies House Filings - See Documents