Golding Young Limited

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golding young limited Company Information

Live

EstablishedSmallLow

Company Number

07245322

Website

www.goldingyoung.com

Registered Address

18 northgate, sleaford, lincolnshire, NG34 7BJ

Industry

Other business support service activities n.e.c.

Telephone

01780751666

Next Accounts Due

December 2024

Group Structure

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Directors

Colin Young14 Years

Kirsty Young1 Years

Shareholders

bella house limited 100%

golding young limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of GOLDING YOUNG LIMITED at £2.3m based on Net Assets of £883.5k and 2.58x industry multiple (adjusted for liquidity).

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Golding Young Limited is a live company located in lincolnshire, NG34 7BJ with a Companies House number of 07245322. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in May 2010, it's largest shareholder is bella house limited with a 100% stake. Golding Young Limited is a established, small sized company, Pomanda has estimated its turnover at £1.6m with low growth in recent years.

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Pomanda's financial health check has awarded Golding Young Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

2 Regular

5 Weak

Size

annual sales of £1.6m, make it smaller than the average company (£3m)

Growth

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

EXPORT

Golding Young Limited's latest turnover from March 2023 is estimated at £1.6 million and the company has net assets of £883.5 thousand. According to their latest financial statements, Golding Young Limited has 35 employees and maintains cash reserves of £214.9 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
Turnover	1,639,123	1,391,428	1,242,476	1,514,609	1,658,640	1,632,923	1,714,588	1,586,523	1,199,997	1,153,159	1,545,904	1,344,271	967,846
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,011,013	860,569	779,192	939,157	1,032,967	1,012,425	1,044,435	986,682	759,576	734,620	978,994	828,097	580,910
Gross Profit	628,110	530,859	463,285	575,452	625,673	620,499	670,153	599,841	440,421	418,539	566,910	516,174	386,936
Admin Expenses	635,036	232,061	79,827	412,141	612,554	400,919	568,071	586,957	487,970	422,280	597,623	414,587	368,855
Operating Profit	-6,926	298,798	383,458	163,311	13,119	219,580	102,082	12,884	-47,549	-3,741	-30,713	101,587	18,081
Interest Payable	15,584	12,486	12,021	14,399	18,786	20,011	19,672	9,803	0	0	0	0	0
Interest Receivable	12,974	2,500	188	92	1,456	1,162	493	1,076	1,144	982	523	405	200
Pre-Tax Profit	-9,536	288,811	371,625	149,004	-4,211	200,731	82,904	4,158	-46,405	-2,759	-30,190	101,992	18,281
Tax	0	-54,874	-70,609	-28,311	0	-38,139	-16,581	-831	0	0	0	-26,518	-5,119
Profit After Tax	-9,536	233,937	301,016	120,693	-4,211	162,592	66,323	3,326	-46,405	-2,759	-30,190	75,474	13,162
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-9,536	233,937	301,016	120,693	-4,211	162,592	66,323	3,326	-46,405	-2,759	-30,190	75,474	13,162
Employee Costs	1,521,582	1,330,600	1,280,000	1,423,882	1,454,228	1,448,180	1,491,485	1,318,804	355,605	352,566	451,081	381,144	307,284
Number Of Employees	35	32	32	36	38	40	42	37	10	10	13	11	9
EBITDA*	31,965	334,143	406,009	184,888	30,981	233,133	118,564	30,092	-30,482	47,062	34,794	164,747	23,235

* 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
Tangible Assets	984,417	834,321	761,816	756,300	771,060	726,267	734,876	509,455	87,305	91,695	78,536	65,128	53,354
Intangible Assets	16,350	19,075	21,800	24,525	27,250	0	0	0	1,667	3,333	32,916	84,581	136,246
Investments & Other	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
Total Fixed Assets	1,000,767	853,396	783,616	780,825	798,310	726,267	734,876	509,455	88,972	95,028	111,452	149,709	189,600
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	8,238	14,384	12,564	3,981	5,064	1,738	15,438	8,958	58,337	45,238	136,181	131,293	51,744
Group Debtors	2,740	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	58,440	62,809	24,015	69,261	64,555	58,803	47,339	54,929	0	0	0	0	0
Cash	214,914	395,633	271,011	103,996	79,176	309,053	155,706	238,669	191,890	265,522	127,153	82,150	79,872
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	284,332	472,826	307,590	177,238	148,795	369,594	218,483	302,556	250,227	310,760	263,334	213,443	131,616
total assets	1,285,099	1,326,222	1,091,206	958,063	947,105	1,095,861	953,359	812,011	339,199	405,788	374,786	363,152	321,216
Bank overdraft	13,018	10,941	12,867	12,526	51,092	41,709	39,940	32,794	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	65,499	66,545	25,811	52,633	85,778	57,589	67,112	53,746	329,817	333,739	303,166	265,402	302,812
Group/Directors Accounts	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	123,992	125,451	166,795	296,656	310,460	469,923	438,677	423,323	0	0	0	0	0
total current liabilities	202,509	202,937	205,473	361,815	447,330	569,221	545,729	509,863	329,817	333,739	303,166	265,402	302,812
loans	111,890	168,225	177,933	190,800	217,689	246,140	287,927	268,830	0	0	0	0	0
hp & lease commitments	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
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	87,178	62,002	48,679	47,343	44,674	38,877	40,672	20,610	0	16,262	13,074	9,014	5,142
total long term liabilities	199,068	230,227	226,612	238,143	262,363	285,017	328,599	289,440	0	16,262	13,074	9,014	5,142
total liabilities	401,577	433,164	432,085	599,958	709,693	854,238	874,328	799,303	329,817	350,001	316,240	274,416	307,954
net assets	883,522	893,058	659,121	358,105	237,412	241,623	79,031	12,708	9,382	55,787	58,546	88,736	13,262
total shareholders funds	883,522	893,058	659,121	358,105	237,412	241,623	79,031	12,708	9,382	55,787	58,546	88,736	13,262

	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
Operating Activities
Operating Profit	-6,926	298,798	383,458	163,311	13,119	219,580	102,082	12,884	-47,549	-3,741	-30,713	101,587	18,081
Depreciation	36,166	32,620	19,826	18,852	17,862	13,553	16,482	15,541	15,401	16,220	13,842	11,495	5,154
Amortisation	2,725	2,725	2,725	2,725	0	0	0	1,667	1,666	34,583	51,665	51,665	0
Tax	0	-54,874	-70,609	-28,311	0	-38,139	-16,581	-831	0	0	0	-26,518	-5,119
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-7,775	40,614	-36,663	3,623	9,078	-2,236	-1,110	5,550	13,099	-90,943	4,888	79,549	51,744
Creditors	-1,046	40,734	-26,822	-33,145	28,189	-9,523	13,366	-276,071	-3,922	30,573	37,764	-37,410	302,812
Accruals and Deferred Income	-1,459	-41,344	-129,861	-13,804	-159,463	31,246	15,354	423,323	0	0	0	0	0
Deferred Taxes & Provisions	25,176	13,323	1,336	2,669	5,797	-1,795	20,062	20,610	-16,262	3,188	4,060	3,872	5,142
Cash flow from operations	62,411	251,368	216,716	108,674	-103,574	217,158	151,875	191,573	-63,765	171,766	71,730	25,142	274,326
Investing Activities
capital expenditure	-186,262	-105,125	-25,342	-4,092	-89,905	-4,944	-241,903	-437,691	-11,011	-34,379	-27,250	-23,269	-194,754
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-186,262	-105,125	-25,342	-4,092	-89,905	-4,944	-241,903	-437,691	-11,011	-34,379	-27,250	-23,269	-194,754
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-56,335	-9,708	-12,867	-26,889	-28,451	-41,787	19,097	268,830	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	100
interest	-2,610	-9,986	-11,833	-14,307	-17,330	-18,849	-19,179	-8,727	1,144	982	523	405	200
cash flow from financing	-58,945	-19,694	-24,700	-41,196	-45,781	-60,636	-82	260,103	1,144	982	523	405	300
cash and cash equivalents
cash	-180,719	124,622	167,015	24,820	-229,877	153,347	-82,963	46,779	-73,632	138,369	45,003	2,278	79,872
overdraft	2,077	-1,926	341	-38,566	9,383	1,769	7,146	32,794	0	0	0	0	0
change in cash	-182,796	126,548	166,674	63,386	-239,260	151,578	-90,109	13,985	-73,632	138,369	45,003	2,278	79,872

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLDING YOUNG LIMITED group structure

Golding Young Limited has no subsidiary companies.

Ultimate parent company

GOLDING YOUNG LIMITED

07245322

GOLDING YOUNG LIMITED Shareholders

bella house limited

100%

Golding Young Limited currently has 2 directors. The longest serving directors include Mr Colin Young (May 2010) and Miss Kirsty Young (Nov 2022).

officer	country	age	start	end	role
Mr Colin Young	England	56 years	May 2010	-	Director
Miss Kirsty Young	England	29 years	Nov 2022	-	Director

P&L

March 2023

turnover

1.6m

+18%

operating profit

-6.9k

gross margin

38.4%

+0.44%

turnover

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

Balance Sheet

March 2023

net assets

883.5k

-0.01%

total assets

1.3m

-0.03%

cash

214.9k

-0.46%

net assets

Total assets minus all liabilities

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company number

07245322

Type

Private limited with Share Capital

industry

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

incorporation date

May 2010

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

colin young limited (December 2010)

incorporated

address

18 northgate, sleaford, lincolnshire, NG34 7BJ

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.

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golding young limited Company Information

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golding young limited Estimated Valuation

golding young limited Estimated Valuation

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