gill marine holdings limited
gill marine holdings limited Company Information
Company Number
08277096
Next Accounts
Jun 2025
Shareholders
backstay holdings (two) ltd
Group Structure
View All
Industry
Activities of head offices
Registered Address
manor house road, long eaton, nottingham, NG10 1LR
Website
www.gillmarine.comgill marine holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GILL MARINE HOLDINGS LIMITED at £12.1m based on a Turnover of £14.5m and 0.83x industry multiple (adjusted for size and gross margin).
gill marine holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GILL MARINE HOLDINGS LIMITED at £0 based on an EBITDA of £-1.1m and a 6.59x industry multiple (adjusted for size and gross margin).
gill marine holdings limited Estimated Valuation
Pomanda estimates the enterprise value of GILL MARINE HOLDINGS LIMITED at £20.6m based on Net Assets of £9.8m and 2.11x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Gill Marine Holdings Limited Overview
Gill Marine Holdings Limited is a live company located in nottingham, NG10 1LR with a Companies House number of 08277096. It operates in the activities of head offices sector, SIC Code 70100. Founded in November 2012, it's largest shareholder is backstay holdings (two) ltd with a 100% stake. Gill Marine Holdings Limited is a established, mid sized company, Pomanda has estimated its turnover at £14.5m with healthy growth in recent years.
Upgrade for unlimited company reports & a free credit check
Gill Marine Holdings Limited Health Check
Pomanda's financial health check has awarded Gill Marine Holdings Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
3 Regular
4 Weak
Size
annual sales of £14.5m, make it smaller than the average company (£19.7m)
£14.5m - Gill Marine Holdings Limited
£19.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (5.8%)
7% - Gill Marine Holdings Limited
5.8% - Industry AVG
Production
with a gross margin of 47.8%, this company has a lower cost of product (33.1%)
47.8% - Gill Marine Holdings Limited
33.1% - Industry AVG
Profitability
an operating margin of -14.3% make it less profitable than the average company (5.8%)
-14.3% - Gill Marine Holdings Limited
5.8% - Industry AVG
Employees
with 63 employees, this is below the industry average (110)
63 - Gill Marine Holdings Limited
110 - Industry AVG
Pay Structure
on an average salary of £50.3k, the company has an equivalent pay structure (£47.4k)
£50.3k - Gill Marine Holdings Limited
£47.4k - Industry AVG
Efficiency
resulting in sales per employee of £230.6k, this is more efficient (£196.6k)
£230.6k - Gill Marine Holdings Limited
£196.6k - Industry AVG
Debtor Days
it gets paid by customers after 40 days, this is near the average (45 days)
40 days - Gill Marine Holdings Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 43 days, this is close to average (43 days)
43 days - Gill Marine Holdings Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 262 days, this is more than average (50 days)
262 days - Gill Marine Holdings Limited
50 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 43 weeks, this is more cash available to meet short term requirements (16 weeks)
43 weeks - Gill Marine Holdings Limited
16 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 12.8%, this is a lower level of debt than the average (55.8%)
12.8% - Gill Marine Holdings Limited
55.8% - Industry AVG
GILL MARINE HOLDINGS LIMITED financials
Gill Marine Holdings Limited's latest turnover from September 2023 is £14.5 million and the company has net assets of £9.8 million. According to their latest financial statements, Gill Marine Holdings Limited has 63 employees and maintains cash reserves of £1.2 million 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 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 14,525,168 | 17,054,645 | 14,264,330 | 11,732,437 | 15,848,452 | 17,223,293 | 14,187,386 | 12,232,747 | 12,338,490 | 12,261,799 | |
| Other Income Or Grants | |||||||||||
| Cost Of Sales | 7,578,289 | 9,230,386 | 7,830,178 | 5,894,960 | 8,251,214 | 9,588,234 | 8,538,121 | 7,308,020 | 7,179,630 | 7,305,957 | |
| Gross Profit | 6,946,879 | 7,824,259 | 6,434,152 | 5,837,477 | 7,597,238 | 7,635,059 | 5,649,265 | 4,924,727 | 5,158,860 | 4,955,842 | |
| Admin Expenses | 9,027,694 | 7,766,586 | 6,378,003 | 6,472,435 | 9,123,381 | 6,903,779 | 5,244,168 | 4,802,725 | 3,660,797 | 3,687,580 | 51,132 |
| Operating Profit | -2,080,815 | 57,673 | 56,149 | -634,958 | -1,526,143 | 731,280 | 405,097 | 122,002 | 1,498,063 | 1,268,262 | -51,132 |
| Interest Payable | 268 | 150,506 | 982,681 | 1,123,544 | 996,031 | 1,070,842 | 1,124,249 | ||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | -2,080,815 | 57,405 | 56,149 | -634,958 | -1,676,649 | -251,401 | -718,447 | -874,029 | 427,221 | 144,013 | -51,132 |
| Tax | 212,426 | -437,392 | -114,764 | -144,888 | -41,840 | -36,017 | 2,951 | -19,521 | -91,013 | -41,763 | |
| Profit After Tax | -1,868,389 | -379,987 | -58,615 | -779,846 | -1,718,489 | -287,418 | -715,496 | -893,550 | 336,208 | 102,250 | -51,132 |
| Dividends Paid | |||||||||||
| Retained Profit | -1,868,389 | -379,987 | -58,615 | -779,846 | -1,718,489 | -287,418 | -715,496 | -893,550 | 336,208 | 102,250 | -51,132 |
| Employee Costs | 3,169,678 | 2,916,186 | 2,533,450 | 2,431,215 | 2,141,599 | 1,830,840 | 1,777,112 | 1,563,341 | 1,574,485 | 1,409,061 | |
| Number Of Employees | 63 | 59 | 55 | 61 | 60 | 61 | 47 | 49 | 47 | 47 | 44 |
| EBITDA* | -1,069,148 | 1,015,960 | 1,042,329 | 336,367 | -580,668 | 1,750,306 | 1,431,076 | 1,158,113 | 1,610,255 | 1,345,358 | 38,311 |
* 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 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 517,994 | 575,629 | 397,883 | 420,045 | 412,987 | 411,981 | 423,326 | 467,717 | 506,550 | 473,422 | 420,968 |
| Intangible Assets | 1,940,570 | 2,673,102 | 3,527,641 | 4,396,932 | 5,276,437 | 6,045,838 | 6,713,685 | 7,656,994 | 8,560,942 | 8,334,959 | 8,180,413 |
| Investments & Other | 75,465 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 2,458,564 | 3,248,731 | 3,925,524 | 4,816,977 | 5,689,424 | 6,457,819 | 7,212,476 | 8,124,711 | 9,067,492 | 8,808,381 | 8,601,381 |
| Stock & work in progress | 5,440,870 | 7,019,922 | 4,631,726 | 4,011,848 | 3,800,647 | 3,922,668 | 2,262,384 | 1,956,939 | 2,298,653 | 2,361,378 | 2,286,060 |
| Trade Debtors | 1,596,817 | 2,240,691 | 2,295,407 | 1,576,511 | 2,732,062 | 2,629,401 | 1,993,271 | 1,809,573 | 1,945,714 | 1,985,906 | 1,934,631 |
| Group Debtors | |||||||||||
| Misc Debtors | 510,937 | 312,381 | 310,433 | 451,401 | 288,148 | 323,409 | 293,790 | 227,643 | 172,327 | 172,572 | 613,988 |
| Cash | 1,206,842 | 1,421,015 | 3,038,005 | 2,914,370 | 2,464,223 | 2,524,995 | 2,412,086 | 2,575,003 | 2,643,725 | 2,656,018 | 2,654,619 |
| misc current assets | |||||||||||
| total current assets | 8,755,466 | 10,994,009 | 10,275,571 | 8,954,130 | 9,285,080 | 9,400,473 | 6,961,531 | 6,569,158 | 7,060,419 | 7,175,874 | 7,489,298 |
| total assets | 11,214,030 | 14,242,740 | 14,201,095 | 13,771,107 | 14,974,504 | 15,858,292 | 14,174,007 | 14,693,869 | 16,127,911 | 15,984,255 | 16,090,679 |
| Bank overdraft | 377,749 | 499,100 | |||||||||
| Bank loan | 593,336 | 1,839,549 | 458,650 | 439,476 | |||||||
| Trade Creditors | 911,087 | 1,583,852 | 1,295,406 | 866,468 | 875,945 | 1,306,984 | 685,036 | 446,796 | 843,541 | 830,536 | 963,785 |
| Group/Directors Accounts | |||||||||||
| other short term finances | 330,597 | ||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 520,103 | 1,109,654 | 759,988 | 698,186 | 1,125,602 | 682,317 | 850,014 | 2,459,415 | 2,118,465 | 1,494,557 | 1,140,284 |
| total current liabilities | 1,431,190 | 2,693,506 | 2,055,394 | 1,564,654 | 2,001,547 | 2,582,637 | 3,374,599 | 3,364,861 | 3,339,755 | 3,154,790 | 2,543,545 |
| loans | 10,734,788 | 8,303,296 | 10,264,195 | 10,838,793 | 11,216,542 | 12,036,461 | |||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | 2,478,968 | 2,146,795 | |||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 13,213,756 | 10,450,091 | 10,264,195 | 10,838,793 | 11,216,542 | 12,036,461 | |||||
| total liabilities | 1,431,190 | 2,693,506 | 2,055,394 | 1,564,654 | 2,001,547 | 15,796,393 | 13,824,690 | 13,629,056 | 14,178,548 | 14,371,332 | 14,580,006 |
| net assets | 9,782,840 | 11,549,234 | 12,145,701 | 12,206,453 | 12,972,957 | 61,899 | 349,317 | 1,064,813 | 1,949,363 | 1,612,923 | 1,510,673 |
| total shareholders funds | 9,782,840 | 11,549,234 | 12,145,701 | 12,206,453 | 12,972,957 | 61,899 | 349,317 | 1,064,813 | 1,949,363 | 1,612,923 | 1,510,673 |
| Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 | Sep 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -2,080,815 | 57,673 | 56,149 | -634,958 | -1,526,143 | 731,280 | 405,097 | 122,002 | 1,498,063 | 1,268,262 | -51,132 |
| Depreciation | 116,691 | 77,474 | 73,727 | 65,981 | 52,044 | 55,188 | 77,910 | 92,678 | 94,683 | 77,096 | 89,443 |
| Amortisation | 894,976 | 880,813 | 912,453 | 905,344 | 893,431 | 963,838 | 948,069 | 943,433 | 17,509 | ||
| Tax | 212,426 | -437,392 | -114,764 | -144,888 | -41,840 | -36,017 | 2,951 | -19,521 | -91,013 | -41,763 | |
| Stock | -1,579,052 | 2,388,196 | 619,878 | 211,201 | -122,021 | 1,660,284 | 305,445 | -341,714 | -62,725 | 75,318 | 2,286,060 |
| Debtors | -445,318 | -52,768 | 577,928 | -992,298 | 67,400 | 665,749 | 249,845 | -80,825 | -40,437 | -390,141 | 2,548,619 |
| Creditors | -672,765 | 288,446 | 428,938 | -9,477 | -431,039 | 621,948 | 238,240 | -396,745 | 13,005 | -133,249 | 963,785 |
| Accruals and Deferred Income | -589,551 | 349,666 | 61,802 | -427,416 | -2,035,683 | 164,476 | 537,394 | 340,950 | 623,908 | 354,273 | 1,140,284 |
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | -94,668 | -1,118,748 | 220,499 | 535,683 | -3,034,609 | 174,680 | 1,654,371 | 1,505,336 | 2,259,317 | 1,839,442 | -2,692,299 |
| Investing Activities | |||||||||||
| capital expenditure | -252,870 | -102,800 | -91,830 | -358,553 | -268,825 | -9,586,127 | |||||
| Change in Investments | -75,465 | 75,465 | |||||||||
| cash flow from investments | -177,405 | -178,265 | -91,830 | -358,553 | -268,825 | -9,586,127 | |||||
| Financing Activities | |||||||||||
| Bank loans | -593,336 | -1,246,213 | 1,380,899 | 458,650 | -439,476 | 439,476 | |||||
| Group/Directors Accounts | |||||||||||
| Other Short Term Loans | -330,597 | 330,597 | |||||||||
| Long term loans | -10,734,788 | 2,431,492 | -1,960,899 | -574,598 | -377,749 | -819,919 | 12,036,461 | ||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | -268 | -150,506 | -982,681 | -1,123,544 | -996,031 | -1,070,842 | -1,124,249 | ||||
| cash flow from financing | 101,995 | -216,748 | -2,137 | 13,342 | 3,150,917 | 202,598 | -1,703,544 | -1,102,979 | -1,778,956 | -2,053,047 | 14,037,742 |
| cash and cash equivalents | |||||||||||
| cash | -214,173 | -1,616,990 | 123,635 | 450,147 | -60,772 | 112,909 | -162,917 | -68,722 | -12,293 | 1,399 | 2,654,619 |
| overdraft | -377,749 | -121,351 | 499,100 | ||||||||
| change in cash | -214,173 | -1,616,990 | 123,635 | 450,147 | -60,772 | 112,909 | -162,917 | 309,027 | 109,058 | -497,701 | 2,654,619 |
gill marine holdings limited Credit Report and Business Information
Gill Marine Holdings Limited Competitor Analysis
Perform a competitor analysis for gill marine holdings limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other mid companies, companies in NG10 area or any other competitors across 12 key performance metrics.
gill marine holdings limited Ownership
GILL MARINE HOLDINGS LIMITED group structure
Gill Marine Holdings Limited has 1 subsidiary company.
Ultimate parent company
BACKSTAY HOLDINGS (TWO) LTD
#0113176
1 parent
GILL MARINE HOLDINGS LIMITED
08277096
1 subsidiary
gill marine holdings limited directors
Gill Marine Holdings Limited currently has 3 directors. The longest serving directors include Mr Neil Crowe (Dec 2018) and Mr John Hibbard (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Crowe | 42 years | Dec 2018 | - | Director | |
| Mr John Hibbard | 48 years | Aug 2023 | - | Director | |
| Ms Helen Shears | 46 years | Mar 2024 | - | Director |
P&L
September 2023turnover
14.5m
-15%
operating profit
-2.1m
-3708%
gross margin
47.9%
+4.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
September 2023net assets
9.8m
-0.15%
total assets
11.2m
-0.21%
cash
1.2m
-0.15%
net assets
Total assets minus all liabilities
gill marine holdings limited company details
company number
08277096
Type
Private limited with Share Capital
industry
70100 - Activities of head offices
incorporation date
November 2012
age
13
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
September 2023
previous names
friar 139 limited (February 2014)
accountant
-
auditor
MAZARS LLP
address
manor house road, long eaton, nottingham, NG10 1LR
Bank
-
Legal Advisor
-
gill marine holdings 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 did not find charges/mortgages relating to gill marine holdings limited.
gill marine holdings 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.
Click to start generating capital raising & share issue transactions for GILL MARINE HOLDINGS LIMITED. This can take several minutes, an email will notify you when this has completed.
gill marine holdings limited Companies House Filings - See Documents
| date | description | view/download |
|---|
