G S Plumbing & Heating Merchants Limited

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g s plumbing & heating merchants limited Company Information

Live

EstablishedSmallDeclining

Company Number

06578443

Website

www.gsplumbingmerchants.london

Registered Address

85 wood street, london, london, E17 3JX

Industry

Retail sale of hardware, paints and glass in specialised stores

Telephone

02085213399

Next Accounts Due

January 2025

Group Structure

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Directors

Sundeep Bhudhan16 Years

Gian Singh16 Years

Shareholders

sundeep singh bhudhan 100%

g s plumbing & heating merchants limited Estimated Valuation

£224.3k

Pomanda estimates the enterprise value of G S PLUMBING & HEATING MERCHANTS LIMITED at £224.3k based on a Turnover of £897.3k and 0.25x industry multiple (adjusted for size and gross margin).

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G S Plumbing & Heating Merchants Limited is a live company located in london, E17 3JX with a Companies House number of 06578443. It operates in the retail sale of hardware, paints and glass in specialised stores sector, SIC Code 47520. Founded in April 2008, it's largest shareholder is sundeep singh bhudhan with a 100% stake. G S Plumbing & Heating Merchants Limited is a established, small sized company, Pomanda has estimated its turnover at £897.3k with declining growth in recent years.

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Pomanda's financial health check has awarded G S Plumbing & Heating Merchants Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

1 Regular

7 Weak

Size

annual sales of £897.3k, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.9%)

EXPORT

G S Plumbing & Heating Merchants Limited's latest turnover from April 2023 is estimated at £897.3 thousand and the company has net assets of £56.9 thousand. According to their latest financial statements, G S Plumbing & Heating Merchants Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	897,324	1,007,783	1,143,449	1,314,763	1,259,992	1,235,703	486,247	487,573	352,462	357,164	372,609	298,802	301,767	221,895
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	673,389	765,230	856,065	981,197	934,856	892,470	350,039	350,903	249,980	255,646	257,860	207,481	204,630	152,616
Gross Profit	223,935	242,553	287,384	333,566	325,136	343,233	136,208	136,670	102,482	101,518	114,748	91,322	97,137	69,279
Admin Expenses	253,767	255,533	281,482	299,808	311,345	318,166	125,341	138,622	103,928	99,767	111,443	89,323	91,461	41,877
Operating Profit	-29,832	-12,980	5,902	33,758	13,791	25,067	10,867	-1,952	-1,446	1,751	3,305	1,999	5,676	27,402
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	138	115	200	235	199	201	247	160	41
Pre-Tax Profit	-29,832	-12,980	5,902	33,758	13,791	25,205	10,981	-1,752	-1,211	1,951	3,506	2,246	5,835	27,443
Tax	0	0	-1,121	-6,414	-2,620	-4,789	-2,086	0	0	-410	-806	-539	-1,517	-7,684
Profit After Tax	-29,832	-12,980	4,781	27,344	11,171	20,416	8,895	-1,752	-1,211	1,541	2,700	1,707	4,318	19,759
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-29,832	-12,980	4,781	27,344	11,171	20,416	8,895	-1,752	-1,211	1,541	2,700	1,707	4,318	19,759
Employee Costs	55,209	52,379	48,843	172,424	179,961	188,502	77,658	65,041	61,628	61,202	55,811	54,759	54,273	33,158
Number Of Employees	2	2	2	7	8	9	4	3	3	3	3	3	3	2
EBITDA*	-29,832	-12,980	5,902	33,758	13,791	25,067	10,867	1,621	-33	3,516	5,511	4,758	9,124	30,962

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	26,817	33,523	24,509	12,372	15,463	7,408	9,261	11,576	5,649	7,062	8,827	11,033	13,792	14,240
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	26,817	33,523	24,509	12,372	15,463	7,408	9,261	11,576	5,649	7,062	8,827	11,033	13,792	14,240
Stock & work in progress	0	0	0	0	0	0	98,107	108,827	70,842	75,913	58,231	43,965	78,952	71,546
Trade Debtors	290,594	324,653	435,316	325,711	269,742	299,067	69,517	49,894	46,248	42,424	73,251	43,499	34,443	23,531
Group Debtors	0	0	0	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	0	0	0	0	0	0	55,078	36,883	42,995	50,886	28,849	51,720	47,267	16,531
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	290,594	324,653	435,316	325,711	269,742	299,067	222,702	195,604	160,085	169,223	160,331	139,184	160,662	111,608
total assets	317,411	358,176	459,825	338,083	285,205	306,475	231,963	207,180	165,734	176,285	169,158	150,217	174,454	125,848
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	258,754	267,587	307,756	238,695	213,461	245,602	191,506	180,058	136,860	146,200	140,614	124,373	150,317	106,029
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	0	0	0	4,500	0	0	0	0	0	0	0
total current liabilities	258,754	267,587	307,756	238,695	213,461	245,602	196,006	180,058	136,860	146,200	140,614	124,373	150,317	106,029
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	1,800	3,900	2,400	4,500	4,200	4,500	0	0	0	0	0	0	0	0
other liabilities	0	0	50,000	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	1,800	3,900	52,400	4,500	4,200	4,500	0	0	0	0	0	0	0	0
total liabilities	260,554	271,487	360,156	243,195	217,661	250,102	196,006	180,058	136,860	146,200	140,614	124,373	150,317	106,029
net assets	56,857	86,689	99,669	94,888	67,544	56,373	35,957	27,122	28,874	30,085	28,544	25,844	24,137	19,819
total shareholders funds	56,857	86,689	99,669	94,888	67,544	56,373	35,957	27,122	28,874	30,085	28,544	25,844	24,137	19,819

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-29,832	-12,980	5,902	33,758	13,791	25,067	10,867	-1,952	-1,446	1,751	3,305	1,999	5,676	27,402
Depreciation	0	0	0	0	0	0	0	3,573	1,413	1,765	2,206	2,759	3,448	3,560
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-1,121	-6,414	-2,620	-4,789	-2,086	0	0	-410	-806	-539	-1,517	-7,684
Stock	0	0	0	0	0	-98,107	-10,720	37,985	-5,071	17,682	14,266	-34,987	7,406	71,546
Debtors	-34,059	-110,663	109,605	55,969	-29,325	229,550	19,623	3,646	3,824	-30,827	29,752	9,056	10,912	23,531
Creditors	-8,833	-40,169	69,061	25,234	-32,141	54,096	11,448	43,198	-9,340	5,586	16,241	-25,944	44,288	106,029
Accruals and Deferred Income	-2,100	1,500	-2,100	300	-300	0	4,500	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	-6,706	59,014	-37,863	-3,091	8,055	-57,069	15,826	3,188	-8,126	21,837	-23,072	4,206	33,577	34,230
Investing Activities
capital expenditure	6,706	-9,014	-12,137	3,091	-8,055	1,853	2,315	-9,500	0	0	0	0	-3,000	-17,800
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	6,706	-9,014	-12,137	3,091	-8,055	1,853	2,315	-9,500	0	0	0	0	-3,000	-17,800
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	-50,000	50,000	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-60	0	0	0	0	0	0	60
interest	0	0	0	0	0	138	115	200	235	199	201	247	160	41
cash flow from financing	0	-50,000	50,000	0	0	138	55	200	235	199	201	247	160	101
cash and cash equivalents
cash	0	0	0	0	0	-55,078	18,195	-6,112	-7,891	22,037	-22,871	4,453	30,736	16,531
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	-55,078	18,195	-6,112	-7,891	22,037	-22,871	4,453	30,736	16,531

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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G S PLUMBING & HEATING MERCHANTS LIMITED group structure

G S Plumbing & Heating Merchants Limited has no subsidiary companies.

Ultimate parent company

G S PLUMBING & HEATING MERCHANTS LIMITED

06578443

G S PLUMBING & HEATING MERCHANTS LIMITED Shareholders

sundeep singh bhudhan

100%

G S Plumbing & Heating Merchants Limited currently has 2 directors. The longest serving directors include Mr Sundeep Bhudhan (Apr 2008) and Gian Singh (Apr 2008).

officer	country	age	start	end	role
Mr Sundeep Bhudhan	England	39 years	Apr 2008	-	Director
Gian Singh		69 years	Apr 2008	-	Director

P&L

April 2023

turnover

897.3k

-11%

operating profit

-29.8k

gross margin

25%

+3.69%

turnover

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

Balance Sheet

April 2023

net assets

56.9k

-0.34%

total assets

317.4k

-0.11%

cash

net assets

Total assets minus all liabilities

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company number

06578443

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

incorporation date

April 2008

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

85 wood street, london, london, E17 3JX

last accounts submitted

April 2023

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g s plumbing & heating merchants limited Company Information

g s plumbing & heating merchants limited Estimated Valuation

g s plumbing & heating merchants limited Estimated Valuation

g s plumbing & heating merchants limited Estimated Valuation

G S Plumbing & Heating Merchants Limited Overview

G S Plumbing & Heating Merchants Limited Health Check

G S PLUMBING & HEATING MERCHANTS LIMITED financials

g s plumbing & heating merchants limited Credit Report and Business Information

G S Plumbing & Heating Merchants Limited Competitor Analysis

g s plumbing & heating merchants limited Ownership

g s plumbing & heating merchants limited directors

g s plumbing & heating merchants limited company details

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