gel engineering limited
gel engineering limited Company Information
Company Number
08032283
Registered Address
suite 62,, the wenta business centre, enfield, EN3 7XU
Industry
Other construction installation
Telephone
-
Next Accounts Due
54 days late
Group Structure
View All
Shareholders
lc andrews ltd 33.3%
13g engineering ltd 33.3%
View Allgel engineering limited Estimated Valuation
The estimated valuation range for gel engineering limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £5.3m to £14m
gel engineering limited Estimated Valuation
The estimated valuation range for gel engineering limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £5.3m to £14m
gel engineering limited Estimated Valuation
The estimated valuation range for gel engineering limited, derived from financial data as of May 2022 and the most recent industry multiples, is between £5.3m to £14m
Get a detailed valuation report, edit figures and unlock valuation multiples.
Gel Engineering Limited AI Business Plan
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Gel Engineering Limited Overview
Gel Engineering Limited is a live company located in enfield, EN3 7XU with a Companies House number of 08032283. It operates in the other construction installation sector, SIC Code 43290. Founded in April 2012, it's largest shareholder is lc andrews ltd with a 33.3% stake. Gel Engineering Limited is a established, mid sized company, Pomanda has estimated its turnover at £18.3m with rapid growth in recent years.
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Gel Engineering Limited Health Check
Pomanda's financial health check has awarded Gel Engineering Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
3 Weak
Size
annual sales of £18.3m, make it larger than the average company (£821.8k)
£18.3m - Gel Engineering Limited
£821.8k - Industry AVG
Growth
3 year (CAGR) sales growth of 57%, show it is growing at a faster rate (4.3%)
57% - Gel Engineering Limited
4.3% - Industry AVG
Production
with a gross margin of 22.1%, this company has a comparable cost of product (27.2%)
22.1% - Gel Engineering Limited
27.2% - Industry AVG
Profitability
an operating margin of 12.6% make it more profitable than the average company (5.8%)
12.6% - Gel Engineering Limited
5.8% - Industry AVG
Employees
with 67 employees, this is above the industry average (6)
67 - Gel Engineering Limited
6 - Industry AVG
Pay Structure
on an average salary of £50.9k, the company has a higher pay structure (£40.2k)
£50.9k - Gel Engineering Limited
£40.2k - Industry AVG
Efficiency
resulting in sales per employee of £272.7k, this is more efficient (£158.6k)
£272.7k - Gel Engineering Limited
£158.6k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (57 days)
97 days - Gel Engineering Limited
57 days - Industry AVG
Creditor Days
its suppliers are paid after 51 days, this is slower than average (40 days)
51 days - Gel Engineering Limited
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gel Engineering Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is average cash available to meet short term requirements (24 weeks)
20 weeks - Gel Engineering Limited
24 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83.3%, this is a higher level of debt than the average (67.3%)
83.3% - Gel Engineering Limited
67.3% - Industry AVG
gel engineering limited Credit Report and Business Information
Gel Engineering Limited Competitor Analysis
Perform a competitor analysis for gel engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gel engineering limited Ownership
GEL ENGINEERING LIMITED group structure
Gel Engineering Limited has no subsidiary companies.
Ultimate parent company
GEL ENGINEERING LIMITED
08032283
gel engineering limited directors
Gel Engineering Limited currently has 3 directors. The longest serving directors include Mr Lee Andrews (Apr 2012) and Mr Glyn Weeks (Jul 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Lee Andrews | 37 years | Apr 2012 | - | Director | |
| Mr Glyn Weeks | 52 years | Jul 2014 | - | Director | |
| Mr Oisin Gibson | 39 years | Jun 2016 | - | Director |
GEL ENGINEERING LIMITED financials
Gel Engineering Limited's latest turnover from May 2022 is £18.3 million and the company has net assets of £1.6 million. According to their latest financial statements, Gel Engineering Limited has 67 employees and maintains cash reserves of £1.9 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 18,268,104 | 11,979,245 | 6,851,720 | 4,745,869 | 2,545,452 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 14,233,353 | 9,697,710 | 5,127,505 | 3,788,886 | 1,759,695 | |||||
| Gross Profit | 4,034,751 | 2,281,535 | 1,724,215 | 956,983 | 785,757 | |||||
| Admin Expenses | 1,729,779 | 1,048,701 | 862,055 | 475,223 | 534,864 | |||||
| Operating Profit | 2,304,972 | 1,232,834 | 862,160 | 481,760 | 250,893 | |||||
| Interest Payable | 35,112 | 28,545 | 13,169 | 7,141 | 6,165 | |||||
| Interest Receivable | 39 | 381 | 660 | 364 | 15 | |||||
| Pre-Tax Profit | 2,269,899 | 1,954,670 | 849,651 | 474,983 | 244,743 | |||||
| Tax | -113,452 | -4,118 | -73,303 | -67,497 | -40,092 | |||||
| Profit After Tax | 2,156,447 | 1,950,552 | 776,348 | 407,486 | 204,651 | |||||
| Dividends Paid | 1,715,359 | 1,950,000 | 0 | 60,000 | 0 | |||||
| Retained Profit | 441,088 | 552 | 776,348 | 347,486 | 204,651 | |||||
| Employee Costs | 3,407,340 | 2,768,132 | ||||||||
| Number Of Employees | 67 | 57 | 46 | 16 | 16 | 13 | 7 | |||
| EBITDA* | 2,596,175 | 1,440,139 | 996,479 | 565,921 | 289,343 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 873,611 | 621,886 | 402,939 | 236,128 | 115,340 | 81,606 | 71,130 | 45,003 | 11,184 | 1,784 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 1,031,208 | 1,031,208 | 860,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,904,819 | 1,653,094 | 1,262,939 | 236,128 | 115,340 | 81,606 | 71,130 | 45,003 | 11,184 | 1,784 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 4,872,845 | 2,120,820 | 1,081,938 | 453,957 | 597,822 | 81,518 | 186,319 | 256,864 | 26,713 | 9,050 |
| Group Debtors | 0 | 289,306 | 1,107,130 | 578,822 | 288,086 | 313,890 | 233,890 | 0 | 0 | 0 |
| Misc Debtors | 891,187 | 325,636 | 291,837 | 304,154 | 50,103 | 54,934 | 40,058 | 0 | 0 | 0 |
| Cash | 1,855,949 | 1,472,529 | 871,308 | 490,022 | 401,020 | 84,806 | 68,687 | 460,253 | 23,562 | 5,515 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,619,981 | 4,208,291 | 3,352,213 | 1,826,955 | 1,337,031 | 535,148 | 528,954 | 717,117 | 50,275 | 14,565 |
| total assets | 9,524,800 | 5,861,385 | 4,615,152 | 2,063,083 | 1,452,371 | 616,754 | 600,084 | 762,120 | 61,459 | 16,349 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 11,786 | 16,990 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,993,251 | 1,538,728 | 919,638 | 595,312 | 721,419 | 154,676 | 223,960 | 711,720 | 35,513 | 15,968 |
| Group/Directors Accounts | 717,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 286,941 | 159,379 | 100,833 | 38,275 | 29,025 | 13,992 | 7,884 | 0 | 0 | 0 |
| other current liabilities | 1,674,271 | 867,804 | 1,232,212 | 283,833 | 362,602 | 223,752 | 189,078 | 0 | 0 | 0 |
| total current liabilities | 4,683,749 | 2,582,901 | 2,252,683 | 917,420 | 1,113,046 | 392,420 | 420,922 | 711,720 | 35,513 | 15,968 |
| loans | 2,740,216 | 1,796,887 | 1,027,758 | 711,880 | 254,545 | 169,344 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 510,873 | 332,723 | 186,389 | 61,809 | 60,292 | 15,153 | 9,470 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 134,460 | 17,354 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 3,251,089 | 2,129,610 | 1,214,147 | 773,689 | 314,837 | 184,497 | 143,930 | 17,354 | 0 | 0 |
| total liabilities | 7,934,838 | 4,712,511 | 3,466,830 | 1,691,109 | 1,427,883 | 576,917 | 564,852 | 729,074 | 35,513 | 15,968 |
| net assets | 1,589,962 | 1,148,874 | 1,148,322 | 371,974 | 24,488 | 39,837 | 35,232 | 33,046 | 25,946 | 381 |
| total shareholders funds | 1,589,962 | 1,148,874 | 1,148,322 | 371,974 | 24,488 | 39,837 | 35,232 | 33,046 | 25,946 | 381 |
| May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | 2,304,972 | 1,232,834 | 862,160 | 481,760 | 250,893 | |||||
| Depreciation | 291,203 | 207,305 | 134,319 | 84,161 | 38,450 | 27,205 | 2,371 | 15,004 | 3,728 | 594 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -113,452 | -4,118 | -73,303 | -67,497 | -40,092 | |||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,028,270 | 254,857 | 1,143,972 | 400,922 | 485,669 | -9,925 | 203,403 | 230,151 | 17,663 | 9,050 |
| Creditors | 454,523 | 619,090 | 324,326 | -126,107 | 566,743 | -69,284 | -487,760 | 676,207 | 19,545 | 15,968 |
| Accruals and Deferred Income | 806,467 | -364,408 | 948,379 | -78,769 | 138,850 | 34,674 | 189,078 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 715,443 | 1,435,846 | 1,051,909 | -107,374 | 469,175 | |||||
| Investing Activities | ||||||||||
| capital expenditure | 0 | 0 | ||||||||
| Change in Investments | 0 | 171,208 | 860,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | -171,208 | ||||||||
| Financing Activities | ||||||||||
| Bank loans | -5,204 | 16,990 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 717,500 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 943,329 | 769,129 | 315,878 | 457,335 | 85,201 | 169,344 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 305,712 | 204,880 | 187,138 | 10,767 | 60,172 | 11,791 | 17,354 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | -134,460 | 117,106 | 17,354 | 0 | 0 |
| share issue | ||||||||||
| interest | -35,073 | -28,164 | -12,509 | -6,777 | -6,150 | |||||
| cash flow from financing | 1,926,264 | 962,835 | 490,507 | 461,325 | -80,777 | |||||
| cash and cash equivalents | ||||||||||
| cash | 383,420 | 601,221 | 381,286 | 89,002 | 316,214 | 16,119 | -391,566 | 436,691 | 18,047 | 5,515 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 383,420 | 601,221 | 381,286 | 89,002 | 316,214 | 16,119 | -391,566 | 436,691 | 18,047 | 5,515 |
P&L
May 2022turnover
18.3m
+52%
operating profit
2.3m
+87%
gross margin
22.1%
+15.96%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2022net assets
1.6m
+0.38%
total assets
9.5m
+0.63%
cash
1.9m
+0.26%
net assets
Total assets minus all liabilities
gel engineering limited company details
company number
08032283
Type
Private limited with Share Capital
industry
43290 - Other construction installation
incorporation date
April 2012
age
12
accounts
Full Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
suite 62,, the wenta business centre, enfield, EN3 7XU
last accounts submitted
May 2022
gel engineering 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 2 charges/mortgages relating to gel engineering limited. Currently there are 1 open charges and 1 have been satisfied in the past.
gel engineering limited Companies House Filings - See Documents
| date | description | view/download |
|---|
