gold 22 (uk) limited

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gold 22 (uk) limited Company Information

Share GOLD 22 (UK) LIMITED

Company Number

06835728

Shareholders

navnit holdings limited

gulati holdings ltd

Group Structure

View All

Industry

Wholesale of perfume and cosmetics

 

Registered Address

15a alperton lane, perivale, greenford, middlesex, UB6 8DH

Website

gold22.com

gold 22 (uk) limited Estimated Valuation

£6.8m

Pomanda estimates the enterprise value of GOLD 22 (UK) LIMITED at £6.8m based on a Turnover of £9.7m and 0.7x industry multiple (adjusted for size and gross margin).

gold 22 (uk) limited Estimated Valuation

£179.6k

Pomanda estimates the enterprise value of GOLD 22 (UK) LIMITED at £179.6k based on an EBITDA of £37.1k and a 4.84x industry multiple (adjusted for size and gross margin).

gold 22 (uk) limited Estimated Valuation

£1.9m

Pomanda estimates the enterprise value of GOLD 22 (UK) LIMITED at £1.9m based on Net Assets of £692.6k and 2.68x industry multiple (adjusted for liquidity).

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Gold 22 (uk) Limited Overview

Gold 22 (uk) Limited is a live company located in greenford, UB6 8DH with a Companies House number of 06835728. It operates in the wholesale of perfume and cosmetics sector, SIC Code 46450. Founded in March 2009, it's largest shareholder is navnit holdings limited with a 50% stake. Gold 22 (uk) Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.7m with rapid growth in recent years.

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Gold 22 (uk) Limited Health Check

Pomanda's financial health check has awarded Gold 22 (Uk) Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

4 Regular

positive_score

5 Weak

size

Size

annual sales of £9.7m, make it smaller than the average company (£16.5m)

£9.7m - Gold 22 (uk) Limited

£16.5m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 123%, show it is growing at a faster rate (10.2%)

123% - Gold 22 (uk) Limited

10.2% - Industry AVG

production

Production

with a gross margin of 42.1%, this company has a comparable cost of product (42.1%)

42.1% - Gold 22 (uk) Limited

42.1% - Industry AVG

profitability

Profitability

an operating margin of 0.2% make it less profitable than the average company (5.5%)

0.2% - Gold 22 (uk) Limited

5.5% - Industry AVG

employees

Employees

with 42 employees, this is similar to the industry average (46)

42 - Gold 22 (uk) Limited

46 - Industry AVG

paystructure

Pay Structure

on an average salary of £45.1k, the company has an equivalent pay structure (£45.1k)

£45.1k - Gold 22 (uk) Limited

£45.1k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £231.2k, this is less efficient (£338k)

£231.2k - Gold 22 (uk) Limited

£338k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 32 days, this is earlier than average (49 days)

32 days - Gold 22 (uk) Limited

49 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 180 days, this is slower than average (38 days)

180 days - Gold 22 (uk) Limited

38 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 178 days, this is more than average (118 days)

178 days - Gold 22 (uk) Limited

118 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 18 weeks, this is average cash available to meet short term requirements (15 weeks)

18 weeks - Gold 22 (uk) Limited

15 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 90.5%, this is a higher level of debt than the average (53.2%)

90.5% - Gold 22 (uk) Limited

53.2% - Industry AVG

GOLD 22 (UK) LIMITED financials

EXPORTms excel logo

Gold 22 (Uk) Limited's latest turnover from March 2024 is estimated at £9.7 million and the company has net assets of £692.6 thousand. According to their latest financial statements, Gold 22 (Uk) Limited has 42 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Turnover9,711,2132,977,7671,140,597870,7921,379,3481,603,7631,551,2001,264,4251,336,6681,124,876712,900781,331614,782269,76597,070
Other Income Or Grants000000000000000
Cost Of Sales5,625,1421,683,232657,105505,261858,352963,397914,491737,595760,456659,353521,556607,120430,307202,61667,728
Gross Profit4,086,0711,294,535483,493365,531520,996640,366636,708526,830576,212465,523191,344174,211184,47567,14929,342
Admin Expenses4,068,806675,214371,017316,856502,449622,422623,023575,466667,736462,747175,012131,02369,96829,4708,352
Operating Profit17,265619,321112,47648,67518,54717,94413,685-48,636-91,5242,77616,33243,188114,50737,67920,990
Interest Payable13,43812,9597,2152,912000003,2705,7882,8761,20300
Interest Receivable77,39613,1125100000100000
Pre-Tax Profit81,223619,474105,26745,76318,54717,94413,685-48,636-91,524-49316,33243,188114,50737,67920,990
Tax-20,306-117,700-20,001-8,695-3,524-3,409-2,600000-2,712-7,501-22,857-7,835-4,450
Profit After Tax60,917501,77485,26637,06815,02314,53511,085-48,636-91,524-49313,62035,68791,65029,84416,540
Dividends Paid000000000012,00041,00026,86600
Retained Profit60,917501,77485,26637,06815,02314,53511,085-48,636-91,524-4931,620-5,31364,78429,84416,540
Employee Costs1,896,230977,841427,361301,76337,187141,980141,325170,000164,920138,872104,930127,99698,55264,34631,740
Number Of Employees422211814455434321
EBITDA*37,116634,676127,07148,67518,54717,94413,685-48,636-91,5249,83320,01545,470114,73837,80320,990

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Tangible Assets213,16944,96842,71754,36111,23515,96317,06011,43015,24018,99811,0516,8526933710
Intangible Assets000000000000000
Investments & Other99600000000000000
Debtors (Due After 1 year)000000000000000
Total Fixed Assets214,16544,96842,71754,36111,23515,96317,06011,43015,24018,99811,0516,8526933710
Stock & work in progress2,757,1271,347,587320,413166,29800000138,776138,000110,00065,00045,0004,000
Trade Debtors860,074197,32094,60185,688272,750251,449237,239201,989222,292211,822236,173270,000171,277125,86749,598
Group Debtors000000000000000
Misc Debtors1,094,34129,40054,75744,93131,5460000038,9095,7146,00400
Cash2,331,487616,9171401,1290000010110510224,3562,4836,018
misc current assets000000000000000
total current assets7,043,0292,191,224469,911298,046304,296251,449237,239201,989222,292350,699413,187385,816266,637173,35059,616
total assets7,257,1942,236,192512,628352,407315,531267,412254,299213,419237,532369,697424,238392,668267,330173,72159,616
Bank overdraft30,20030,26344,81219,48400000019,60610,496000
Bank loan000000000000000
Trade Creditors 2,781,217359,01460,23752,613301,471274,970276,392246,597222,074262,615111,659114,21235,53031,6003,326
Group/Directors Accounts00074,74400000067,66466,21364,95739,28131,000
other short term finances000000000081,00067,00011,00026,0000
hp & lease commitments000000000000000
other current liabilities3,665,5001,105,855199,14376,91300000036,73428,79244,57530,3568,650
total current liabilities6,476,9171,495,132304,192223,754301,471274,970276,392246,597222,074262,615316,663286,713156,062127,23742,976
loans74,117104,31773,46776,00000000000000
hp & lease commitments000000000000000
Accruals and Deferred Income13,5705,0705,0708,0206,5950000000000
other liabilities000000000000000
provisions000000000000000
total long term liabilities87,687109,38778,53784,0206,5950000000000
total liabilities6,564,6041,604,519382,729307,774308,066274,970276,392246,597222,074262,615316,663286,713156,062127,23742,976
net assets692,590631,673129,89944,6337,465-7,558-22,093-33,17815,458107,082107,575105,955111,26846,48416,640
total shareholders funds692,590631,673129,89944,6337,465-7,558-22,093-33,17815,458107,082107,575105,955111,26846,48416,640
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Feb 2014Feb 2013Feb 2012Feb 2011Feb 2010
Operating Activities
Operating Profit17,265619,321112,47648,67518,54717,94413,685-48,636-91,5242,77616,33243,188114,50737,67920,990
Depreciation19,85115,35514,5950000007,0573,6832,2822311240
Amortisation000000000000000
Tax-20,306-117,700-20,001-8,695-3,524-3,409-2,600000-2,712-7,501-22,857-7,835-4,450
Stock1,409,5401,027,174154,115166,2980000-138,77677628,00045,00020,00041,0004,000
Debtors1,727,69577,36218,739-173,67752,84714,21035,250-20,30310,470-63,260-63298,43351,41476,26949,598
Creditors2,422,203298,7777,624-248,85826,501-1,42229,79524,523-40,541150,956-2,55378,6823,93028,2743,326
Accruals and Deferred Income2,568,145906,712119,28078,3386,5950000-36,7347,942-15,78314,21921,7068,650
Deferred Taxes & Provisions000000000000000
Cash flow from operations1,869,923617,92961,120-123,161-4,728-1,0975,630-3,810-3,759186,539-4,676-42,56538,616-37,321-25,082
Investing Activities
capital expenditure-188,052-17,606-2,951-43,1264,7281,097-5,6303,8103,758-15,004-7,882-8,441-553-4950
Change in Investments99600000000000000
cash flow from investments-189,048-17,606-2,951-43,1264,7281,097-5,6303,8103,758-15,004-7,882-8,441-553-4950
Financing Activities
Bank loans000000000000000
Group/Directors Accounts00-74,74474,74400000-67,6641,4511,25625,6768,28131,000
Other Short Term Loans 000000000-81,00014,00056,000-15,00026,0000
Long term loans-30,20030,850-2,53376,00000000000000
Hire Purchase and Lease Commitments000000000000000
other long term liabilities000000000000000
share issue0001000000-10000000100
interest63,958153-7,210-2,91100000-3,269-5,788-2,876-1,20300
cash flow from financing33,75831,003-84,487147,9330000-100-151,9339,66354,3809,47334,28131,100
cash and cash equivalents
cash1,714,570616,777-9891,1290000-101-43-24,25421,873-3,5356,018
overdraft-63-14,54925,32819,48400000-19,6069,11010,496000
change in cash1,714,633631,326-26,317-18,3550000-10119,602-9,107-34,75021,873-3,5356,018

gold 22 (uk) limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Gold 22 (uk) Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for gold 22 (uk) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in UB6 area or any other competitors across 12 key performance metrics.

gold 22 (uk) limited Ownership

GOLD 22 (UK) LIMITED group structure

Gold 22 (Uk) Limited has no subsidiary companies.

Ultimate parent company

GOLD 22 (UK) LIMITED

06835728

GOLD 22 (UK) LIMITED Shareholders

navnit holdings limited 50%
gulati holdings ltd 50%

gold 22 (uk) limited directors

Gold 22 (Uk) Limited currently has 5 directors. The longest serving directors include Mr Anoj Gandhi (Mar 2009) and Mr Amarjeet Gulati (Mar 2009).

officercountryagestartendrole
Mr Anoj GandhiUnited Kingdom64 years Mar 2009- Director
Mr Amarjeet GulatiUnited Kingdom57 years Mar 2009- Director
Mr Manoj GandhiUnited Kingdom67 years Mar 2009- Director
Mr Sunny GandhiUnited Kingdom31 years Apr 2023- Director
Gursach Gulati28 years May 2023- Director

P&L

March 2024

turnover

9.7m

+226%

operating profit

17.3k

0%

gross margin

42.1%

-3.21%

turnover

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

Balance Sheet

March 2024

net assets

692.6k

+0.1%

total assets

7.3m

+2.25%

cash

2.3m

+2.78%

net assets

Total assets minus all liabilities

gold 22 (uk) limited company details

company number

06835728

Type

Private limited with Share Capital

industry

46450 - Wholesale of perfume and cosmetics

incorporation date

March 2009

age

16

incorporated

UK

ultimate parent company

None

accounts

Total Exemption Full

last accounts submitted

March 2024

previous names

N/A

accountant

SRV DELSON

auditor

-

address

15a alperton lane, perivale, greenford, middlesex, UB6 8DH

Bank

HSBC BANK PLC

Legal Advisor

-

gold 22 (uk) limited Charges & Mortgages

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 5 charges/mortgages relating to gold 22 (uk) limited. Currently there are 2 open charges and 3 have been satisfied in the past.

gold 22 (uk) limited Capital Raised & Share Issues BETA

When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.

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gold 22 (uk) limited Companies House Filings - See Documents

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