globalgig limited
globalgig limited Company Information
Company Number
08164402
Next Accounts
Jun 2025
Shareholders
igem communications holdings ltd
Group Structure
View All
Industry
Wireless telecommunications activities
Registered Address
1 quality court, chancery lane, london, WC2A 1HR
Website
www.globalgig.comglobalgig limited Estimated Valuation
Pomanda estimates the enterprise value of GLOBALGIG LIMITED at £2.9m based on a Turnover of £3.1m and 0.93x industry multiple (adjusted for size and gross margin).
globalgig limited Estimated Valuation
Pomanda estimates the enterprise value of GLOBALGIG LIMITED at £137.9k based on an EBITDA of £40.3k and a 3.42x industry multiple (adjusted for size and gross margin).
globalgig limited Estimated Valuation
Pomanda estimates the enterprise value of GLOBALGIG LIMITED at £0 based on Net Assets of £-826.1k and 2.71x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Globalgig Limited Overview
Globalgig Limited is a live company located in london, WC2A 1HR with a Companies House number of 08164402. It operates in the wireless telecommunications activities sector, SIC Code 61200. Founded in August 2012, it's largest shareholder is igem communications holdings ltd with a 100% stake. Globalgig Limited is a established, small sized company, Pomanda has estimated its turnover at £3.1m with rapid growth in recent years.
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Globalgig Limited Health Check
Pomanda's financial health check has awarded Globalgig Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
3 Regular
6 Weak
Size
annual sales of £3.1m, make it smaller than the average company (£7.6m)
- Globalgig Limited
£7.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 71%, show it is growing at a faster rate (6.5%)
- Globalgig Limited
6.5% - Industry AVG
Production
with a gross margin of 34.7%, this company has a comparable cost of product (34.7%)
- Globalgig Limited
34.7% - Industry AVG
Profitability
an operating margin of -0.4% make it less profitable than the average company (3.6%)
- Globalgig Limited
3.6% - Industry AVG
Employees
with 6 employees, this is below the industry average (31)
6 - Globalgig Limited
31 - Industry AVG
Pay Structure
on an average salary of £66.1k, the company has an equivalent pay structure (£66.1k)
- Globalgig Limited
£66.1k - Industry AVG
Efficiency
resulting in sales per employee of £511k, this is more efficient (£193.6k)
- Globalgig Limited
£193.6k - Industry AVG
Debtor Days
it gets paid by customers after 82 days, this is later than average (47 days)
- Globalgig Limited
47 days - Industry AVG
Creditor Days
its suppliers are paid after 46 days, this is close to average (46 days)
- Globalgig Limited
46 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Globalgig Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (12 weeks)
1 weeks - Globalgig Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 178.1%, this is a higher level of debt than the average (61.2%)
178.1% - Globalgig Limited
61.2% - Industry AVG
GLOBALGIG LIMITED financials
Globalgig Limited's latest turnover from September 2023 is estimated at £3.1 million and the company has net assets of -£826.1 thousand. According to their latest financial statements, Globalgig Limited has 6 employees and maintains cash reserves of £46 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 6 | 6 | 6 | 6 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 87,952 | 2,645 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 159,613 | 181,276 | 123,223 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 247,565 | 183,921 | 123,223 | 0 | 0 | 0 | 0 | 1 | 1 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 697,142 | 93,266 | 65,742 | 39,467 | 31,630 | 141,590 | 0 | 0 | 0 | 1 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 67,061 | 41,406 | 35,912 | 60,770 | 48,506 | 1 | 1 | 0 | 0 | 0 | 0 |
| Cash | 46,021 | 14,307 | 8,240 | 0 | 17,094 | 8,301 | 0 | 0 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 810,224 | 148,979 | 109,894 | 100,237 | 97,230 | 149,892 | 1 | 0 | 0 | 1 | 0 |
| total assets | 1,057,789 | 332,900 | 233,117 | 100,237 | 97,230 | 149,892 | 1 | 1 | 1 | 1 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 256,597 | 73,814 | 74,575 | 105,557 | 162,226 | 113,469 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,042,417 | 767,236 | 559,456 | 135,697 | 56,382 | 35,193 | 0 | 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 | 584,904 | 308,869 | 195,933 | 407,223 | 103,881 | 36,791 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,883,918 | 1,149,919 | 829,964 | 648,477 | 322,489 | 185,453 | 0 | 0 | 0 | 0 | 0 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,883,918 | 1,149,919 | 829,964 | 648,477 | 322,489 | 185,453 | 0 | 0 | 0 | 0 | 0 |
| net assets | -826,129 | -817,019 | -596,847 | -548,240 | -225,259 | -35,561 | 1 | 1 | 1 | 1 | 0 |
| total shareholders funds | -826,129 | -817,019 | -596,847 | -548,240 | -225,259 | -35,561 | 1 | 1 | 1 | 1 | 0 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Aug 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | 29,317 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Amortisation | 21,663 | 21,957 | 13,691 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 629,531 | 33,018 | 1,417 | 20,101 | -61,455 | 141,590 | 1 | 0 | -1 | 1 | 0 |
| Creditors | 182,783 | -761 | -30,982 | -56,669 | 48,757 | 113,469 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 276,035 | 112,936 | -211,290 | 303,342 | 67,090 | 36,791 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 1 | 0 | 0 |
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 275,181 | 207,780 | 423,759 | 79,315 | 21,189 | 35,193 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 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 |
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 31,714 | 6,067 | 8,240 | -17,094 | 8,793 | 8,301 | 0 | 0 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 31,714 | 6,067 | 8,240 | -17,094 | 8,793 | 8,301 | 0 | 0 | 0 | 0 | 0 |
globalgig limited Credit Report and Business Information
Globalgig Limited Competitor Analysis
Perform a competitor analysis for globalgig limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other small companies, companies in WC2A area or any other competitors across 12 key performance metrics.
globalgig limited Ownership
GLOBALGIG LIMITED group structure
Globalgig Limited has no subsidiary companies.
Ultimate parent company
IGEM COMMUNICATIONS HOLDING INC
#0119839
2 parents
GLOBALGIG LIMITED
08164402
globalgig limited directors
Globalgig Limited currently has 3 directors. The longest serving directors include Mr Mark Castle (Oct 2014) and Mr James Tipton (Jul 2016).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Castle | United Kingdom | 57 years | Oct 2014 | - | Director |
| Mr James Tipton | 59 years | Jul 2016 | - | Director | |
| Mr Ernest Cunningham | 54 years | Jul 2016 | - | Director |
P&L
September 2023turnover
3.1m
+314%
operating profit
-10.7k
0%
gross margin
34.8%
-0.95%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
-826.1k
+0.01%
total assets
1.1m
+2.18%
cash
46k
+2.22%
net assets
Total assets minus all liabilities
Similar Companies
globalgig limited company details
company number
08164402
Type
Private limited with Share Capital
industry
61200 - Wireless telecommunications activities
incorporation date
August 2012
age
13
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
September 2023
previous names
N/A
accountant
-
auditor
-
address
1 quality court, chancery lane, london, WC2A 1HR
Bank
-
Legal Advisor
-
globalgig 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 1 charges/mortgages relating to globalgig limited. Currently there are 0 open charges and 1 have been satisfied in the past.
globalgig 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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globalgig limited Companies House Filings - See Documents
| date | description | view/download |
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