Goldsteel Limited

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goldsteel limited Company Information

Live

EstablishedSmallHealthy

Company Number

07507130

Website

http://thegoldsouk.co.uk

Registered Address

110 the broadway, southall, UB1 1QF

Industry

Wholesale of waste and scrap

Wholesale of metals and metal ores

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Telephone

02035001234

Next Accounts Due

October 2024

Group Structure

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Directors

Ravinder Chahal Babber12 Years

Sushil Babber12 Years

Shareholders

sushil ramparkash babber 45%

ravinder prit babber 45%

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goldsteel limited Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of GOLDSTEEL LIMITED at £1.1m based on a Turnover of £4m and 0.27x industry multiple (adjusted for size and gross margin).

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Goldsteel Limited is a live company located in southall, UB1 1QF with a Companies House number of 07507130. It operates in the wholesale of metals and metal ores sector, SIC Code 46720. Founded in January 2011, it's largest shareholder is sushil ramparkash babber with a 45% stake. Goldsteel Limited is a established, small sized company, Pomanda has estimated its turnover at £4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Goldsteel Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

2 Regular

8 Weak

Size

annual sales of £4m, make it smaller than the average company (£16.1m)

Growth

3 year (CAGR) sales growth of 9%, show it is growing at a similar rate (8.8%)

EXPORT

Goldsteel Limited's latest turnover from January 2023 is estimated at £4 million and the company has net assets of £84.8 thousand. According to their latest financial statements, Goldsteel Limited has 4 employees and maintains cash reserves of £8.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013
Turnover	3,957,883	2,720,404	2,981,102	3,039,841	1,470,595	1,525,968	582,079	629,876	1,174,817	2,356,837	990,185
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,358,602	2,353,832	2,591,183	2,617,506	1,251,276	1,291,479	486,696	532,017	1,003,974	2,045,056	859,938
Gross Profit	599,281	366,572	389,919	422,335	219,320	234,489	95,382	97,859	170,843	311,781	130,247
Admin Expenses	599,276	349,445	323,488	416,989	225,422	198,555	33,720	54,119	145,301	404,863	126,299
Operating Profit	5	17,127	66,431	5,346	-6,102	35,934	61,662	43,740	25,542	-93,082	3,948
Interest Payable	0	0	0	5,172	11,085	13,462	7,470	0	0	0	0
Interest Receivable	334	13	0	887	1,183	275	67	101	152	2,227	2,120
Pre-Tax Profit	338	17,141	66,431	1,060	-16,004	22,747	54,259	43,841	25,694	-90,855	6,068
Tax	-64	-3,257	-12,622	-201	0	-4,322	-10,852	-8,768	-5,396	0	-1,456
Profit After Tax	274	13,884	53,809	859	-16,004	18,425	43,407	35,073	20,298	-90,855	4,612
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	274	13,884	53,809	859	-16,004	18,425	43,407	35,073	20,298	-90,855	4,612
Employee Costs	147,482	138,554	132,903	162,936	155,042	154,526	56,232	58,049	112,240	204,538	102,113
Number Of Employees	4	4	4	5	5	5	2	2	4	8	4
EBITDA*	16,681	32,775	75,318	12,810	-2,205	39,410	62,849	45,027	26,876	-91,926	5,308

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013
Tangible Assets	69,129	85,805	49,858	39,362	29,084	19,700	6,725	7,297	7,560	6,549	7,705
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	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
Total Fixed Assets	69,129	85,805	49,858	39,362	29,084	19,700	6,725	7,297	7,560	6,549	7,705
Stock & work in progress	807,049	658,049	558,049	621,049	431,049	652,144	265,325	295,750	110,380	174,854	266,430
Trade Debtors	827,664	603,008	637,208	524,658	161,192	77,366	14,497	3,945	224,203	488,179	227,940
Group Debtors	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	370,010	370,010	370,410	0	0	4,800	0
Cash	8,427	10,635	0	0	236,481	79,020	31,082	22,298	18,243	42,576	848,068
misc current assets	0	0	0	0	0	54,167	0	0	0	0	0
total current assets	1,643,140	1,271,692	1,195,257	1,145,707	1,198,732	1,232,707	681,314	321,993	352,826	710,409	1,342,438
total assets	1,712,269	1,357,497	1,245,115	1,185,069	1,227,816	1,252,407	688,039	329,290	360,386	716,958	1,350,143
Bank overdraft	0	0	0	0	153,256	175,188	239,032	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,583,589	1,205,312	1,124,491	1,168,254	691,851	859,326	311,700	359,162	425,331	802,201	84,648
Group/Directors Accounts	0	0	0	0	202,563	115,427	102,841	0	0	0	0
other short term finances	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
other current liabilities	0	0	0	0	164,190	70,506	20,931	0	0	0	0
total current liabilities	1,583,589	1,205,312	1,124,491	1,168,254	1,211,860	1,220,447	674,504	359,162	425,331	802,201	84,648
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0
other liabilities	43,898	67,677	50,000	0	0	0	0	0	0	0	1,259,883
provisions	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	43,898	67,677	50,000	0	0	0	0	0	0	0	1,259,883
total liabilities	1,627,487	1,272,989	1,174,491	1,168,254	1,211,860	1,220,447	674,504	359,162	425,331	802,201	1,344,531
net assets	84,782	84,508	70,624	16,815	15,956	31,960	13,535	-29,872	-64,945	-85,243	5,612
total shareholders funds	84,782	84,508	70,624	16,815	15,956	31,960	13,535	-29,872	-64,945	-85,243	5,612

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012
Operating Activities
Operating Profit	5	17,127	66,431	5,346	-6,102	35,934	61,662	43,740	25,542	-93,082	3,948	0
Depreciation	16,676	15,648	8,887	7,464	3,897	3,476	1,187	1,287	1,334	1,156	1,360	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-64	-3,257	-12,622	-201	0	-4,322	-10,852	-8,768	-5,396	0	-1,456	0
Stock	149,000	100,000	-63,000	190,000	-221,095	386,819	-30,425	185,370	-64,474	-91,576	266,430	0
Debtors	224,656	-34,200	112,550	-6,544	83,826	62,469	380,962	-220,258	-268,776	265,039	227,940	0
Creditors	378,277	80,821	-43,763	476,403	-167,475	547,626	-47,462	-66,169	-376,870	717,553	84,648	0
Accruals and Deferred Income	0	0	0	-164,190	93,684	49,575	20,931	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	21,238	44,539	-30,617	141,366	61,273	183,001	-325,071	4,978	-22,140	452,164	-405,870	0
Investing Activities
capital expenditure	0	-51,595	-19,383	-17,742	-13,281	-16,451	-615	-1,024	-2,345	0	-9,065	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-51,595	-19,383	-17,742	-13,281	-16,451	-615	-1,024	-2,345	0	-9,065	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-202,563	87,136	12,586	102,841	0	0	0	0	0
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-23,779	17,677	50,000	0	0	0	0	0	0	-1,259,883	1,259,883	0
share issue	0	0	0	0	0	0	0	0	0	0	1,000	0
interest	334	13	0	-4,285	-9,902	-13,187	-7,403	101	152	2,227	2,120	0
cash flow from financing	-23,445	17,690	50,000	-206,848	77,234	-601	95,438	101	152	-1,257,656	1,263,003	0
cash and cash equivalents
cash	-2,208	10,635	0	-236,481	157,461	47,938	8,784	4,055	-24,333	-805,492	848,068	0
overdraft	0	0	0	-153,256	-21,932	-63,844	239,032	0	0	0	0	0
change in cash	-2,208	10,635	0	-83,225	179,393	111,782	-230,248	4,055	-24,333	-805,492	848,068	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLDSTEEL LIMITED group structure

Goldsteel Limited has no subsidiary companies.

Ultimate parent company

GOLDSTEEL LIMITED

07507130

GOLDSTEEL LIMITED Shareholders

sushil ramparkash babber	45%
ravinder prit babber	45%
arjun babber	10%

Goldsteel Limited currently has 2 directors. The longest serving directors include Mrs Ravinder Chahal Babber (Feb 2012) and Mr Sushil Babber (Feb 2012).

officer	country	age	start	end	role
Mrs Ravinder Chahal Babber	England	60 years	Feb 2012	-	Director
Mr Sushil Babber	England	61 years	Feb 2012	-	Director

P&L

January 2023

turnover

+45%

operating profit

4.7

gross margin

15.2%

+12.37%

turnover

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

Balance Sheet

January 2023

net assets

84.8k

total assets

1.7m

+0.26%

cash

8.4k

-0.21%

net assets

Total assets minus all liabilities

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company number

07507130

Type

Private limited with Share Capital

industry

47190 - Other retail sale in non-specialised stores

46770 - Wholesale of waste and scrap

46720 - Wholesale of metals and metal ores

incorporation date

January 2011

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

110 the broadway, southall, UB1 1QF

last accounts submitted

January 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 1 charges/mortgages relating to goldsteel limited. Currently there are 0 open charges and 1 have been satisfied in the past.

goldsteel limited Company Information

goldsteel limited Estimated Valuation

goldsteel limited Estimated Valuation

goldsteel limited Estimated Valuation

Goldsteel Limited Overview

Goldsteel Limited Health Check

GOLDSTEEL LIMITED financials

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goldsteel limited Ownership

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goldsteel limited Companies House Filings - See Documents