Gorrel Equipment Solutions Limited

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gorrel equipment solutions limited Company Information

Live

EstablishedMidHealthy

Company Number

07605939

Website

http://walters-group.co.uk

Registered Address

hirwaun house 13th avenue, hirwaun industrial estate, aberdare, mid glamorgan, CF44 9UL

Industry

Renting and leasing of construction and civil engineering machinery and equipment

Telephone

01685815100

Next Accounts Due

November 2024

Group Structure

View All

Directors

Philip Richards13 Years

Martyn Llewellyn13 Years

View All

Shareholders

walters plant hire ltd 100%

gorrel equipment solutions limited Estimated Valuation

£7.2m - £37.7m

The estimated valuation range for gorrel equipment solutions limited, derived from financial data as of February 2023 and the most recent industry multiples, is between £7.2m to £37.7m

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Gorrel Equipment Solutions Limited is a live company located in aberdare, CF44 9UL with a Companies House number of 07605939. It operates in the renting and leasing of construction and civil engineering machinery and equipment sector, SIC Code 77320. Founded in April 2011, it's largest shareholder is walters plant hire ltd with a 100% stake. Gorrel Equipment Solutions Limited is a established, mid sized company, Pomanda has estimated its turnover at £7.4m with healthy growth in recent years.

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

Health Rating5out of 5

5 Strong

3 Regular

3 Weak

Size

annual sales of £7.4m, make it smaller than the average company (£13.3m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (5.4%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GORREL EQUIPMENT SOLUTIONS LIMITED group structure

Gorrel Equipment Solutions Limited has no subsidiary companies.

Ultimate parent company

G. WALTERS (HOLDINGS) LIMITED

02686054

WALTERS PLANT HIRE LIMITED

02903463

2 parents

GORREL EQUIPMENT SOLUTIONS LIMITED

07605939

GORREL EQUIPMENT SOLUTIONS LIMITED Shareholders

walters plant hire ltd

100%

Gorrel Equipment Solutions Limited currently has 3 directors. The longest serving directors include Mr Philip Richards (Apr 2011) and Mr Martyn Llewellyn (Apr 2011).

officer	country	age	start	end	role
Mr Philip Richards	England	57 years	Apr 2011	-	Director
Mr Martyn Llewellyn		49 years	Apr 2011	-	Director
Mrs Sarah Llewellyn	United Kingdom	49 years	Jun 2016	-	Director

EXPORT

Gorrel Equipment Solutions Limited's latest turnover from February 2023 is estimated at £7.4 million and the company has net assets of £14.7 million. According to their latest financial statements, Gorrel Equipment Solutions Limited has 22 employees and maintains cash reserves of £1.7 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Turnover	7,398,696	6,351,816	5,154,083	5,179,635	4,771,106	4,793,027	3,755,769	4,326,553	7,339,438	6,932,580	7,330,309	10,693,471
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,848,670	4,122,338	3,514,889	3,511,969	3,211,235	3,147,769	2,428,546	2,881,957	4,992,618	4,674,274	5,656,492	7,212,458
Gross Profit	2,550,026	2,229,478	1,639,194	1,667,666	1,559,871	1,645,258	1,327,223	1,444,597	2,346,820	2,258,306	1,673,817	3,481,013
Admin Expenses	1,099,596	992,290	400,725	338,942	291,684	-88,607	-529,485	-815,531	568,927	604,272	636,870	2,288,369
Operating Profit	1,450,430	1,237,188	1,238,469	1,328,724	1,268,187	1,733,865	1,856,708	2,260,128	1,777,893	1,654,034	1,036,947	1,192,644
Interest Payable	277,363	131,536	0	0	0	0	0	0	105,685	121,196	160,765	0
Interest Receivable	78,452	12,960	1,808	9,427	13,250	10,276	3,983	3,085	4,610	6,527	7,814	1,989
Pre-Tax Profit	1,251,520	1,118,612	1,240,278	1,338,151	1,281,437	1,744,141	1,860,691	2,263,213	2,046,517	1,687,067	1,141,417	1,194,632
Tax	-237,789	-212,536	-235,653	-254,249	-243,473	-331,387	-372,138	-452,642	-422,602	-393,298	-270,604	-310,604
Profit After Tax	1,013,731	906,076	1,004,625	1,083,902	1,037,964	1,412,754	1,488,553	1,810,570	1,623,915	1,293,769	870,813	884,028
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,013,731	906,076	1,004,625	1,083,902	1,037,964	1,412,754	1,488,553	1,810,570	1,623,915	1,293,769	870,813	884,028
Employee Costs	931,072	857,484	829,325	772,972	647,592	617,947	599,355	662,271	1,025,804	1,053,770	1,023,561	2,808,723
Number Of Employees	22	21	21	20	17	17	17	19	20	19	18	88
EBITDA*	5,194,780	4,429,555	3,763,687	3,814,503	3,267,913	3,556,298	3,729,733	4,328,727	3,623,642	3,598,801	3,262,884	2,189,978

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Tangible Assets	14,975,675	15,065,571	9,830,974	10,982,787	8,334,918	7,885,015	6,504,060	7,360,436	6,793,882	5,529,833	5,407,209	4,542,650
Intangible Assets	0	0	0	0	0	0	0	0	0	0	379,251	1,289,454
Investments & Other	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
Total Fixed Assets	14,975,675	15,065,571	9,830,974	10,982,787	8,334,918	7,885,015	6,504,060	7,360,436	6,793,882	5,529,833	5,786,460	5,832,104
Stock & work in progress	0	0	0	0	0	0	0	569	569	569	569	0
Trade Debtors	1,962,491	1,816,295	1,425,624	1,430,001	1,264,957	1,124,924	1,066,503	1,507,822	1,276,968	1,292,028	1,400,149	1,966,013
Group Debtors	1,200	8,808	2,400	7,140	10,686	16,532	11,100	0	6,266	14,400	24,456	0
Misc Debtors	18,051	30,900	11,016	140,754	57,430	135,924	62,932	8,125	222,674	113,560	111,360	0
Cash	1,685,969	2,236,642	2,947,358	669,258	1,844,558	1,688,694	2,421,722	764,948	468,900	576,817	954,747	795,559
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,667,711	4,092,645	4,386,398	2,247,153	3,177,631	2,966,074	3,562,257	2,281,464	1,975,377	1,997,374	2,491,281	2,761,572
total assets	18,643,386	19,158,216	14,217,372	13,229,940	11,512,549	10,851,089	10,066,317	9,641,900	8,769,259	7,527,207	8,277,741	8,593,676
Bank overdraft	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
Trade Creditors	729,127	409,591	406,153	387,513	570,641	871,948	465,219	281,183	405,742	245,999	284,145	2,735,213
Group/Directors Accounts	731,694	53,638	50,890	121,278	36,854	32,735	37,926	155,308	632,698	1,375,327	1,337,499	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	33,600	299,509	269,820	0	6,955	695,092	1,190,359	1,196,399	1,562,871	1,468,677	0
other current liabilities	324,284	298,545	362,439	95,714	42,537	174,852	548,943	463,413	527,632	787,963	781,427	0
total current liabilities	1,785,105	795,374	1,118,991	874,325	650,032	1,086,490	1,747,180	2,090,263	2,762,471	3,972,160	3,871,748	2,735,213
loans	1,500,000	4,047,253	0	0	0	0	0	0	0	0	1,500,000	0
hp & lease commitments	0	0	33,600	249,109	0	0	6,955	702,047	1,043,909	505,437	1,141,742	0
Accruals and Deferred Income	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	4,946,056
provisions	664,400	635,439	290,707	337,057	176,970	117,016	77,353	103,314	27,173	0	8,410	27,379
total long term liabilities	2,164,400	4,682,692	324,307	586,166	176,970	117,016	84,308	805,361	1,071,082	505,437	2,650,152	4,973,435
total liabilities	3,949,505	5,478,066	1,443,298	1,460,491	827,002	1,203,506	1,831,488	2,895,624	3,833,553	4,477,597	6,521,900	7,708,648
net assets	14,693,881	13,680,150	12,774,074	11,769,449	10,685,547	9,647,583	8,234,829	6,746,276	4,935,706	3,049,610	1,755,841	885,028
total shareholders funds	14,693,881	13,680,150	12,774,074	11,769,449	10,685,547	9,647,583	8,234,829	6,746,276	4,935,706	3,049,610	1,755,841	885,028

	Feb 2023	Feb 2022	Feb 2021	Feb 2020	Feb 2019	Feb 2018	Feb 2017	Feb 2016	Feb 2015	Feb 2014	Feb 2013	Feb 2012
Operating Activities
Operating Profit	1,450,430	1,237,188	1,238,469	1,328,724	1,268,187	1,733,865	1,856,708	2,260,128	1,777,893	1,654,034	1,036,947	1,192,644
Depreciation	3,744,350	3,192,367	2,525,218	2,485,779	1,999,726	1,822,433	1,873,025	2,068,599	1,845,749	1,565,516	1,315,734	466,382
Amortisation	0	0	0	0	0	0	0	0	0	379,251	910,203	530,952
Tax	-237,789	-212,536	-235,653	-254,249	-243,473	-331,387	-372,138	-452,642	-422,602	-393,298	-270,604	-310,604
Stock	0	0	0	0	0	0	-569	0	0	0	569	0
Debtors	125,739	416,963	-138,855	244,822	55,693	136,845	-375,412	10,039	85,920	-115,977	-430,048	1,966,013
Creditors	319,536	3,438	18,640	-183,128	-301,307	406,729	184,036	-124,559	159,743	-38,146	-2,451,068	2,735,213
Accruals and Deferred Income	25,739	-63,894	266,725	53,177	-132,315	-374,091	85,530	-64,219	-260,331	6,536	781,427	0
Deferred Taxes & Provisions	28,961	344,732	-46,350	160,087	59,954	39,663	-25,961	76,141	27,173	-8,410	-18,969	27,379
Cash flow from operations	5,205,488	4,084,332	3,905,904	3,345,568	2,595,079	3,160,367	3,977,181	3,753,409	3,041,705	3,281,460	1,733,149	2,675,953
Investing Activities
capital expenditure	-3,654,454	-8,426,964	-1,373,405	-5,133,648	-2,449,629	-3,203,388	-1,016,649	-2,635,153	-3,109,798	-1,688,140	-2,180,293	-6,829,438
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-3,654,454	-8,426,964	-1,373,405	-5,133,648	-2,449,629	-3,203,388	-1,016,649	-2,635,153	-3,109,798	-1,688,140	-2,180,293	-6,829,438
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	678,056	2,748	-70,388	84,424	4,119	-5,191	-117,382	-477,390	-742,629	37,828	1,337,499	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-2,547,253	4,047,253	0	0	0	0	0	0	0	-1,500,000	1,500,000	0
Hire Purchase and Lease Commitments	-33,600	-299,509	-185,820	518,929	-6,955	-695,092	-1,190,359	-347,902	172,000	-542,111	2,610,419	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	-4,946,056	4,946,056
share issue	0	0	0	0	0	0	0	0	262,181	0	0	1,000
interest	-198,911	-118,576	1,808	9,427	13,250	10,276	3,983	3,085	-101,075	-114,669	-152,951	1,989
cash flow from financing	-2,101,708	3,631,916	-254,400	612,780	10,414	-690,007	-1,303,758	-822,207	-409,523	-2,118,952	348,911	4,949,045
cash and cash equivalents
cash	-550,673	-710,716	2,278,100	-1,175,300	155,864	-733,028	1,656,774	296,048	-107,917	-377,930	159,188	795,559
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-550,673	-710,716	2,278,100	-1,175,300	155,864	-733,028	1,656,774	296,048	-107,917	-377,930	159,188	795,559

P&L

February 2023

turnover

7.4m

+16%

operating profit

1.5m

gross margin

34.5%

-1.81%

turnover

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

Balance Sheet

February 2023

net assets

14.7m

+0.07%

total assets

18.6m

-0.03%

cash

1.7m

-0.25%

net assets

Total assets minus all liabilities

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company number

07605939

Type

Private limited with Share Capital

industry

77320 - Renting and leasing of construction and civil engineering machinery and equipment

incorporation date

April 2011

age

accounts

Small Company

ultimate parent company

G. WALTERS (HOLDINGS) LIMITED

previous names

pont andrew solar developments limited (July 2011)

incorporated

address

hirwaun house 13th avenue, hirwaun industrial estate, aberdare, mid glamorgan, CF44 9UL

last accounts submitted

February 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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gorrel equipment solutions limited Company Information

gorrel equipment solutions limited Estimated Valuation

gorrel equipment solutions limited Estimated Valuation

gorrel equipment solutions limited Estimated Valuation

Gorrel Equipment Solutions Limited AI Business Plan

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