Golita Supplies Ltd

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golita supplies ltd Company Information

Live

EstablishedSmallHealthy

Company Number

08494423

Website

www.golita.co.uk

Registered Address

44 randal street, blackburn, lancashire, BB1 7EG

Industry

Retail sale of hardware, paints and glass in specialised stores

Wholesale of hardware, plumbing and heating equipment and supplies

Telephone

01254664408

Next Accounts Due

July 2025

Group Structure

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Directors

Maaz Musa11 Years

Shareholders

maaz yakub musa 50%

zaitunnisha musa 25%

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golita supplies ltd Estimated Valuation

£1.1m

Pomanda estimates the enterprise value of GOLITA SUPPLIES LTD at £1.1m based on a Turnover of £3.5m and 0.32x industry multiple (adjusted for size and gross margin).

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Golita Supplies Ltd is a live company located in lancashire, BB1 7EG with a Companies House number of 08494423. It operates in the wholesale of hardware, plumbing and heating equipment and supplies sector, SIC Code 46740. Founded in April 2013, it's largest shareholder is maaz yakub musa with a 50% stake. Golita Supplies Ltd is a established, small sized company, Pomanda has estimated its turnover at £3.5m with healthy growth in recent years.

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Pomanda's financial health check has awarded Golita Supplies Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating2.5out of 5

3 Strong

1 Regular

6 Weak

Size

annual sales of £3.5m, make it smaller than the average company (£16.9m)

Growth

3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (7.2%)

EXPORT

Golita Supplies Ltd's latest turnover from October 2023 is estimated at £3.5 million and the company has net assets of £434.1 thousand. According to their latest financial statements, Golita Supplies Ltd has 11 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014
Turnover	3,490,157	3,351,434	2,380,225	2,301,730	2,023,797	2,210,949	2,229,360	727,872	1,008,179	1,202,412
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,643,742	2,495,616	1,790,489	1,772,559	1,541,154	1,680,906	1,640,799	541,345	756,799	886,319
Gross Profit	846,415	855,818	589,736	529,172	482,643	530,043	588,561	186,526	251,380	316,094
Admin Expenses	798,774	808,045	593,432	535,755	465,008	478,518	497,585	118,067	228,259	107,982
Operating Profit	47,641	47,773	-3,696	-6,583	17,635	51,525	90,976	68,459	23,121	208,112
Interest Payable	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	311	578	1,420	887
Pre-Tax Profit	47,641	47,773	-3,696	-6,583	17,635	51,525	91,288	69,038	24,541	208,999
Tax	-11,910	-9,077	0	0	-3,351	-9,790	-17,345	-13,807	-4,908	-43,890
Profit After Tax	35,731	38,696	-3,696	-6,583	14,284	41,735	73,943	55,230	19,633	165,109
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	35,731	38,696	-3,696	-6,583	14,284	41,735	73,943	55,230	19,633	165,109
Employee Costs	382,729	329,297	271,146	313,406	314,369	287,175	293,322	107,501	133,967	149,247
Number Of Employees	11	10	9	11	11	10	11	4	5	6
EBITDA*	47,641	47,773	-3,696	-6,583	17,635	51,525	90,976	71,854	25,821	210,812

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014
Tangible Assets	871,510	874,474	879,845	880,149	882,554	878,786	870,879	9,217	8,500	10,800
Intangible Assets	0	0	0	0	0	0	0	221,216	221,216	221,216
Investments & Other	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
Total Fixed Assets	871,510	874,474	879,845	880,149	882,554	878,786	870,879	230,433	229,716	232,016
Stock & work in progress	0	0	0	0	0	0	0	160,888	152,351	159,582
Trade Debtors	905,343	884,782	635,301	596,902	516,390	557,792	490,062	115,767	126,582	128,952
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	8,270	10,359	11,668	14,220	13,515	0	0	0	0	0
Cash	0	0	0	0	0	0	0	249,049	213,504	354,641
misc current assets	0	0	0	0	0	13,494	11,433	0	0	0
total current assets	913,613	895,141	646,969	611,122	529,905	571,286	501,495	525,704	492,437	643,175
total assets	1,785,123	1,769,615	1,526,814	1,491,271	1,412,459	1,450,072	1,372,374	756,137	722,153	875,191
Bank overdraft	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	648,691	668,914	464,809	425,570	340,175	392,072	356,649	266,065	537,311	709,982
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	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0
total current liabilities	648,691	668,914	464,809	425,570	340,175	392,072	356,649	266,065	537,311	709,982
loans	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	2,350	2,350	2,350	2,350	2,350	2,350	1,810	0	0	0
other liabilities	700,000	700,000	700,000	700,000	700,000	700,000	700,000	250,000	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	702,350	702,350	702,350	702,350	702,350	702,350	701,810	250,000	0	0
total liabilities	1,351,041	1,371,264	1,167,159	1,127,920	1,042,525	1,094,422	1,058,459	516,065	537,311	709,982
net assets	434,082	398,351	359,655	363,351	369,934	355,650	313,915	240,072	184,842	165,209
total shareholders funds	434,082	398,351	359,655	363,351	369,934	355,650	313,915	240,072	184,842	165,209

	Oct 2023	Oct 2022	Oct 2021	Oct 2020	Oct 2019	Oct 2018	Oct 2017	Oct 2016	Oct 2015	Oct 2014	Oct 2013
Operating Activities
Operating Profit	47,641	47,773	-3,696	-6,583	17,635	51,525	90,976	68,459	23,121	208,112	0
Depreciation	0	0	0	0	0	0	0	3,395	2,700	2,700	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0
Tax	-11,910	-9,077	0	0	-3,351	-9,790	-17,345	-13,807	-4,908	-43,890	0
Stock	0	0	0	0	0	0	-160,888	8,537	-7,231	159,582	0
Debtors	18,472	248,172	35,847	81,217	-27,887	67,730	374,295	-10,815	-2,370	128,952	0
Creditors	-20,223	204,105	39,239	85,395	-51,897	35,423	90,584	-271,246	-172,671	709,982	0
Accruals and Deferred Income	0	0	0	0	0	540	1,810	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-2,964	-5,371	-304	-2,405	-9,726	9,968	-47,382	-210,921	-142,157	588,370	0
Investing Activities
capital expenditure	2,964	5,371	304	2,405	-3,768	-7,907	-640,446	-4,112	-400	-234,716	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	2,964	5,371	304	2,405	-3,768	-7,907	-640,446	-4,112	-400	-234,716	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	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	450,000	250,000	0	0	0
share issue	0	0	0	0	0	0	-100	0	0	100	0
interest	0	0	0	0	0	0	311	578	1,420	887	0
cash flow from financing	0	0	0	0	0	0	450,211	250,578	1,420	987	0
cash and cash equivalents
cash	0	0	0	0	0	0	-249,049	35,545	-141,137	354,641	0
overdraft	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-249,049	35,545	-141,137	354,641	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLITA SUPPLIES LTD group structure

Golita Supplies Ltd has no subsidiary companies.

Ultimate parent company

GOLITA SUPPLIES LTD

08494423

GOLITA SUPPLIES LTD Shareholders

maaz yakub musa	50%
zaitunnisha musa	25%
ayesha yakub musa	25%

Golita Supplies Ltd currently has 1 director, Mr Maaz Musa serving since Apr 2013.

officer	country	age	start	end	role
Mr Maaz Musa	United Kingdom	51 years	Apr 2013	-	Director

P&L

October 2023

turnover

3.5m

+4%

operating profit

47.6k

gross margin

24.3%

-5.03%

turnover

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

Balance Sheet

October 2023

net assets

434.1k

+0.09%

total assets

1.8m

+0.01%

cash

net assets

Total assets minus all liabilities

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company number

08494423

Type

Private limited with Share Capital

industry

47520 - Retail sale of hardware, paints and glass in specialised stores

46740 - Wholesale of hardware, plumbing and heating equipment and supplies

incorporation date

April 2013

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

44 randal street, blackburn, lancashire, BB1 7EG

last accounts submitted

October 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.

We did not find charges/mortgages relating to golita supplies ltd.

golita supplies ltd Company Information

golita supplies ltd Estimated Valuation

golita supplies ltd Estimated Valuation

golita supplies ltd Estimated Valuation

Golita Supplies Ltd Overview

Golita Supplies Ltd Health Check

GOLITA SUPPLIES LTD financials

golita supplies ltd Credit Report and Business Information

Golita Supplies Ltd Competitor Analysis

golita supplies ltd Ownership

golita supplies ltd directors

golita supplies ltd company details

golita supplies ltd Charges & Mortgages

golita supplies ltd Companies House Filings - See Documents