gms (holdings) limited
gms (holdings) limited Company Information
Company Number
08451704
Website
www.gms-uk.comRegistered Address
4 regents drive, low prudhoe industrial estate, prudhoe, northumberland, NE42 6PX
Industry
Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
Telephone
01661836900
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
owen george ingram 80%
ann marie ingram 20%
gms (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of GMS (HOLDINGS) LIMITED at £4.9m based on a Turnover of £9.8m and 0.5x industry multiple (adjusted for size and gross margin).
gms (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of GMS (HOLDINGS) LIMITED at £5.5m based on an EBITDA of £1m and a 5.44x industry multiple (adjusted for size and gross margin).
gms (holdings) limited Estimated Valuation
Pomanda estimates the enterprise value of GMS (HOLDINGS) LIMITED at £8.4m based on Net Assets of £2.6m and 3.18x industry multiple (adjusted for liquidity).
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Gms (holdings) Limited Overview
Gms (holdings) Limited is a live company located in prudhoe, NE42 6PX with a Companies House number of 08451704. It operates in the other engineering activities sector, SIC Code 71129. Founded in March 2013, it's largest shareholder is owen george ingram with a 80% stake. Gms (holdings) Limited is a established, mid sized company, Pomanda has estimated its turnover at £9.8m with healthy growth in recent years.
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Gms (holdings) Limited Health Check
Pomanda's financial health check has awarded Gms (Holdings) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
4 Regular
4 Weak
Size
annual sales of £9.8m, make it larger than the average company (£4.1m)
- Gms (holdings) Limited
£4.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a faster rate (2.5%)
- Gms (holdings) Limited
2.5% - Industry AVG
Production
with a gross margin of 31.7%, this company has a comparable cost of product (31.7%)
- Gms (holdings) Limited
31.7% - Industry AVG
Profitability
an operating margin of 5.7% make it as profitable than the average company (5.5%)
- Gms (holdings) Limited
5.5% - Industry AVG
Employees
with 21 employees, this is below the industry average (30)
21 - Gms (holdings) Limited
30 - Industry AVG
Pay Structure
on an average salary of £53.1k, the company has an equivalent pay structure (£53.1k)
- Gms (holdings) Limited
£53.1k - Industry AVG
Efficiency
resulting in sales per employee of £466k, this is more efficient (£123.3k)
- Gms (holdings) Limited
£123.3k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (65 days)
- Gms (holdings) Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (28 days)
- Gms (holdings) Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 161 days, this is more than average (40 days)
- Gms (holdings) Limited
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 12 weeks, this is less cash available to meet short term requirements (17 weeks)
12 weeks - Gms (holdings) Limited
17 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 64.5%, this is a similar level of debt than the average (59.3%)
64.5% - Gms (holdings) Limited
59.3% - Industry AVG
GMS (HOLDINGS) LIMITED financials
Gms (Holdings) Limited's latest turnover from December 2022 is estimated at £9.8 million and the company has net assets of £2.6 million. According to their latest financial statements, Gms (Holdings) Limited has 21 employees and maintains cash reserves of £1.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 9,492,133 | 8,519,284 | 8,728,085 | 11,001,140 | 4,881,701 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 7,548,051 | 6,755,276 | 6,410,761 | 8,139,236 | 3,660,493 | |||||
| Gross Profit | 1,944,082 | 1,764,008 | 2,317,324 | 2,861,904 | 1,221,208 | |||||
| Admin Expenses | 1,948,147 | 2,093,173 | 2,662,957 | 2,484,312 | 1,258,903 | |||||
| Operating Profit | -4,065 | -329,165 | -345,633 | 377,592 | -37,695 | |||||
| Interest Payable | 53,529 | 81,906 | 99,672 | 100,156 | 43,256 | |||||
| Interest Receivable | 0 | 0 | 0 | 113 | 506 | |||||
| Pre-Tax Profit | -57,594 | -411,071 | -445,305 | 277,549 | -80,445 | |||||
| Tax | -40,798 | 0 | 163,048 | -1,070 | 27,028 | |||||
| Profit After Tax | -98,392 | -411,071 | -282,257 | 276,479 | -53,417 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 106,290 | |||||
| Retained Profit | -98,392 | -411,071 | -282,257 | 276,479 | -159,707 | |||||
| Employee Costs | 930,819 | 892,606 | 1,195,902 | 1,195,902 | 1,188,264 | 715,397 | ||||
| Number Of Employees | 21 | 19 | 19 | 21 | 22 | 22 | 29 | 32 | 30 | 25 |
| EBITDA* | 440,375 | 113,387 | 125,208 | 786,001 | -23,543 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 61,237 | 146,311 | 164,391 | 186,256 | 100,317 | 140,237 | 193,578 | 187,948 | 263,199 | 135,774 |
| Intangible Assets | 365,218 | 725,948 | 1,086,678 | 1,447,407 | 1,808,137 | 2,168,876 | 2,529,606 | 2,890,335 | 3,206,065 | 3,562,295 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 205,874 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 632,329 | 872,259 | 1,251,069 | 1,633,663 | 1,908,454 | 2,309,113 | 2,723,184 | 3,078,283 | 3,469,264 | 3,698,069 |
| Stock & work in progress | 2,954,907 | 2,706,702 | 1,927,322 | 1,732,884 | 2,150,386 | 1,888,064 | 1,538,339 | 1,876,995 | 2,295,489 | 2,606,969 |
| Trade Debtors | 2,602,367 | 1,998,346 | 1,462,154 | 1,667,506 | 2,118,672 | 2,065,482 | 1,572,649 | 1,414,852 | 2,170,857 | 1,740,204 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 107,829 | 211,052 | 91,322 | 193,364 | 208,678 | 84,758 | 212,619 | 234,033 | 257,954 | 151,916 |
| Cash | 1,111,946 | 834,827 | 757,390 | 267,780 | 376,550 | 570,433 | 481,906 | 327,993 | 420,343 | 51,922 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 6,777,049 | 5,750,927 | 4,238,188 | 3,861,534 | 4,854,286 | 4,608,737 | 3,805,513 | 3,853,873 | 5,144,643 | 4,551,011 |
| total assets | 7,409,378 | 6,623,186 | 5,489,257 | 5,495,197 | 6,762,740 | 6,917,850 | 6,528,697 | 6,932,156 | 8,613,907 | 8,249,080 |
| Bank overdraft | 90,909 | 90,912 | 0 | 0 | 0 | 0 | 68,750 | 137,500 | 137,500 | 155,133 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137,500 |
| Trade Creditors | 838,298 | 729,009 | 146,837 | 951,442 | 732,810 | 1,103,028 | 982,530 | 715,544 | 550,727 | 735,349 |
| Group/Directors Accounts | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 36,512 | 34,032 | 19,732 |
| other current liabilities | 3,544,399 | 3,107,914 | 2,595,128 | 2,038,035 | 3,484,197 | 3,424,074 | 2,972,220 | 2,492,290 | 3,691,070 | 3,095,678 |
| total current liabilities | 4,473,606 | 3,927,835 | 2,741,965 | 2,989,477 | 4,217,007 | 4,527,102 | 4,023,500 | 3,381,846 | 4,413,329 | 4,143,392 |
| loans | 227,273 | 318,179 | 0 | 0 | 0 | 0 | 0 | 745,220 | 1,033,730 | 1,271,117 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,563 | 99,665 | 69,998 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 47,999 | 165,417 | 769,824 | 406,829 | 291,790 | 141,560 | 181,741 | 0 | 0 | 0 |
| provisions | 26,700 | 26,700 | 31,234 | 33,754 | 17,075 | 24,124 | 0 | 0 | 50,400 | 24,270 |
| total long term liabilities | 301,972 | 510,296 | 801,058 | 440,583 | 308,865 | 165,684 | 181,741 | 815,783 | 1,183,795 | 1,365,385 |
| total liabilities | 4,775,578 | 4,438,131 | 3,543,023 | 3,430,060 | 4,525,872 | 4,692,786 | 4,205,241 | 4,197,629 | 5,597,124 | 5,508,777 |
| net assets | 2,633,800 | 2,185,055 | 1,946,234 | 2,065,137 | 2,236,868 | 2,225,064 | 2,323,456 | 2,734,527 | 3,016,783 | 2,740,303 |
| total shareholders funds | 2,633,800 | 2,185,055 | 1,946,234 | 2,065,137 | 2,236,868 | 2,225,064 | 2,323,456 | 2,734,527 | 3,016,783 | 2,740,303 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | -4,065 | -329,165 | -345,633 | 377,592 | -37,695 | |||||
| Depreciation | 93,660 | 133,459 | 0 | 0 | 79,954 | 83,710 | 81,822 | 110,111 | 52,179 | 14,152 |
| Amortisation | 360,730 | 360,730 | 360,730 | 0 | 360,730 | 360,730 | 360,730 | 360,730 | 356,230 | 0 |
| Tax | -40,798 | 0 | 163,048 | -1,070 | 27,028 | |||||
| Stock | 248,205 | 779,380 | 194,438 | -417,502 | 262,322 | 349,725 | -338,656 | -418,494 | -311,480 | 2,606,969 |
| Debtors | 706,672 | 655,922 | -307,394 | -466,480 | 177,110 | 364,972 | 136,383 | -779,926 | 536,691 | 1,892,120 |
| Creditors | 109,289 | 582,172 | -804,605 | 218,632 | -370,218 | 120,498 | 266,986 | 164,817 | -184,622 | 735,349 |
| Accruals and Deferred Income | 436,485 | 512,786 | 557,093 | -1,446,162 | 60,123 | 451,854 | 479,930 | -1,198,780 | 595,392 | 3,095,678 |
| Deferred Taxes & Provisions | 0 | -4,534 | -2,520 | 16,679 | -7,049 | 24,124 | 0 | -50,400 | 26,130 | 24,270 |
| Cash flow from operations | 281,356 | 1,062,576 | 402,313 | 996,620 | -640,307 | |||||
| Investing Activities | ||||||||||
| capital expenditure | -79,860 | -179,604 | 0 | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | -79,860 | -179,604 | 0 | |||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -137,500 | 137,500 |
| Group/Directors Accounts | 0 | 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 | -90,906 | 318,179 | 0 | 0 | 0 | 0 | -745,220 | -288,510 | -237,387 | 1,271,117 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | -107,075 | -26,622 | 43,967 | 89,730 |
| other long term liabilities | -117,418 | -604,407 | 362,995 | 115,039 | 150,230 | -40,181 | 181,741 | 0 | 0 | 0 |
| share issue | ||||||||||
| interest | -53,529 | -81,906 | -99,672 | -100,043 | -42,750 | |||||
| cash flow from financing | -93,710 | -752,460 | -414,803 | -430,962 | 4,355,607 | |||||
| cash and cash equivalents | ||||||||||
| cash | 277,119 | 77,437 | 489,610 | -108,770 | -193,883 | 88,527 | 153,913 | -92,350 | 368,421 | 51,922 |
| overdraft | -3 | 90,912 | 0 | 0 | 0 | -68,750 | -68,750 | 0 | -17,633 | 155,133 |
| change in cash | 277,122 | -13,475 | 489,610 | -108,770 | -193,883 | 157,277 | 222,663 | -92,350 | 386,054 | -103,211 |
gms (holdings) limited Credit Report and Business Information
Gms (holdings) Limited Competitor Analysis
Perform a competitor analysis for gms (holdings) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gms (holdings) limited Ownership
GMS (HOLDINGS) LIMITED group structure
Gms (Holdings) Limited has 1 subsidiary company.
Ultimate parent company
GMS (HOLDINGS) LIMITED
08451704
1 subsidiary
gms (holdings) limited directors
Gms (Holdings) Limited currently has 2 directors. The longest serving directors include Mr Owen Ingram (Mar 2013) and Ms Ann Ingram (Mar 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Owen Ingram | 62 years | Mar 2013 | - | Director | |
| Ms Ann Ingram | United Kingdom | 61 years | Mar 2013 | - | Director |
P&L
December 2022turnover
9.8m
+21%
operating profit
554.5k
0%
gross margin
31.7%
+5.18%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
2.6m
+0.21%
total assets
7.4m
+0.12%
cash
1.1m
+0.33%
net assets
Total assets minus all liabilities
gms (holdings) limited company details
company number
08451704
Type
Private limited with Share Capital
industry
71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)
incorporation date
March 2013
age
11
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
4 regents drive, low prudhoe industrial estate, prudhoe, northumberland, NE42 6PX
last accounts submitted
December 2022
gms (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 found 4 charges/mortgages relating to gms (holdings) limited. Currently there are 1 open charges and 3 have been satisfied in the past.
gms (holdings) limited Companies House Filings - See Documents
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