Gmag Uk Limited

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gmag uk limited Company Information

Live

EstablishedMicroDeclining

Company Number

08508408

Website

www.varvelinstallations.com

Registered Address

unit 3 hobbs cross business cent, theydon garnon, epping, essex, CM16 7NY

Industry

Joinery installation

Telephone

Next Accounts Due

June 2025

Group Structure

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Directors

George Gamzakov11 Years

Mariya Gamzakova7 Years

Shareholders

mariya gamzakova 50%

george gamzakov 50%

gmag uk limited Estimated Valuation

£16.5k

Pomanda estimates the enterprise value of GMAG UK LIMITED at £16.5k based on Net Assets of £8.6k and 1.93x industry multiple (adjusted for liquidity).

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Gmag Uk Limited is a live company located in epping, CM16 7NY with a Companies House number of 08508408. It operates in the joinery installation sector, SIC Code 43320. Founded in April 2013, it's largest shareholder is mariya gamzakova with a 50% stake. Gmag Uk Limited is a established, micro sized company, Pomanda has estimated its turnover at £45.3k with declining growth in recent years.

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Pomanda's financial health check has awarded Gmag Uk Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

1 Strong

2 Regular

8 Weak

Size

annual sales of £45.3k, make it smaller than the average company (£198k)

Growth

3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (8.7%)

EXPORT

Gmag Uk Limited's latest turnover from September 2023 is estimated at £45.3 thousand and the company has net assets of £8.6 thousand. According to their latest financial statements, we estimate that Gmag Uk Limited has 1 employee and maintains cash reserves of £1 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
Turnover	45,341	89,559	43,533	121,881	175,256	20,431	9,686	5,842	23,000	423,951
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	33,228	68,555	31,856	91,830	123,672	13,931	6,371	3,869	15,937	262,699
Gross Profit	12,113	21,004	11,677	30,051	51,585	6,500	3,315	1,973	7,063	161,252
Admin Expenses	15,511	19,253	24,387	28,716	24,516	10,568	2,151	1,492	4,625	157,550
Operating Profit	-3,398	1,751	-12,710	1,335	27,069	-4,068	1,164	481	2,438	3,702
Interest Payable	22	0	0	587	1,264	614	0	0	0	0
Interest Receivable	72	47	2	1	1	12	7	0	0	0
Pre-Tax Profit	-3,347	1,798	-12,708	748	25,806	-4,670	1,172	413	2,292	3,703
Tax	0	-342	0	-142	-4,903	0	-223	-21	-332	-778
Profit After Tax	-3,347	1,456	-12,708	606	20,903	-4,670	949	392	1,960	2,925
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-3,347	1,456	-12,708	606	20,903	-4,670	949	392	1,960	2,925
Employee Costs	24,746	26,651	23,767	42,926	65,954	33,952	34,075	38,169	39,163	109,559
Number Of Employees	1	1	1	2	2	1	1	1	1	3
EBITDA*	-3,332	1,833	-12,607	1,463	27,229	-3,867	1,352	717	2,596	3,702

* 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
Tangible Assets	264	330	412	515	643	803	754	942	633	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	1,200	1,200	1,200	1,200	1,200	1,200	1,200	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	1,464	1,530	1,612	1,715	1,843	2,003	1,954	942	633	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0
Trade Debtors	10,482	18,174	10,033	25,001	20,780	4,152	1,822	1,560	1,800	53,424
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	656	1,773	0	3,803	22,084	19,866	0	136	0	0
Cash	1,049	1,848	2,311	1,732	113	49	3,045	2,760	4,516	100
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	12,187	21,795	12,344	30,536	42,977	24,067	4,867	4,456	6,316	53,524
total assets	13,651	23,325	13,956	32,251	44,820	26,070	6,821	5,398	6,949	53,524
Bank overdraft	392	0	0	0	19,259	18,180	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,800	8,659	3,499	1,320	0	240	241	0	1,964	50,499
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	2,893	2,753	0	7,766	3,002	5,994	254	21	0	0
total current liabilities	5,085	11,412	3,499	9,086	22,261	24,414	495	21	1,964	50,499
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	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0
total liabilities	5,085	11,412	3,499	9,086	22,261	24,414	495	21	1,964	50,499
net assets	8,566	11,913	10,457	23,165	22,559	1,656	6,326	5,377	4,985	3,025
total shareholders funds	8,566	11,913	10,457	23,165	22,559	1,656	6,326	5,377	4,985	3,025

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014
Operating Activities
Operating Profit	-3,398	1,751	-12,710	1,335	27,069	-4,068	1,164	481	2,438	3,702
Depreciation	66	82	103	128	160	201	188	236	158	0
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-342	0	-142	-4,903	0	-223	-21	-332	-778
Stock	0	0	0	0	0	0	0	0	0	0
Debtors	-8,809	9,914	-18,771	-14,060	18,846	22,196	126	-104	-51,624	53,424
Creditors	-6,859	5,160	2,179	1,320	-240	-1	241	-1,964	-48,535	50,499
Accruals and Deferred Income	140	2,753	-7,766	4,764	-2,992	5,740	233	21	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-1,242	-510	577	21,465	248	-20,324	1,477	-1,143	5,353	-1
Investing Activities
capital expenditure	0	0	0	0	0	-250	0	-545	-791	0
Change in Investments	0	0	0	0	0	0	1,200	0	0	0
cash flow from investments	0	0	0	0	0	-250	-1,200	-545	-791	0
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0
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	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
other long term liabilities	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	100
interest	50	47	2	-586	-1,263	-602	7	0	0	0
cash flow from financing	50	47	2	-586	-1,263	-602	7	0	0	100
cash and cash equivalents
cash	-799	-463	579	1,619	64	-2,996	285	-1,756	4,416	100
overdraft	392	0	0	-19,259	1,079	18,180	0	0	0	0
change in cash	-1,191	-463	579	20,878	-1,015	-21,176	285	-1,756	4,416	100

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for gmag uk limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other micro companies, companies in CM16 area or any other competitors across 12 key performance metrics.

GMAG UK LIMITED group structure

Gmag Uk Limited has no subsidiary companies.

Ultimate parent company

GMAG UK LIMITED

08508408

GMAG UK LIMITED Shareholders

mariya gamzakova	50%
george gamzakov	50%

Gmag Uk Limited currently has 2 directors. The longest serving directors include Mr George Gamzakov (Apr 2013) and Mrs Mariya Gamzakova (Jul 2017).

officer	country	age	start	end	role
Mr George Gamzakov		56 years	Apr 2013	-	Director
Mrs Mariya Gamzakova		50 years	Jul 2017	-	Director

P&L

September 2023

turnover

45.3k

-49%

operating profit

-3.4k

gross margin

26.8%

+13.91%

turnover

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

Balance Sheet

September 2023

net assets

8.6k

-0.28%

total assets

13.7k

-0.41%

cash

-0.43%

net assets

Total assets minus all liabilities

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company number

08508408

Type

Private limited with Share Capital

industry

43320 - Joinery installation

incorporation date

April 2013

accounts

Total Exemption Full

ultimate parent company

None

previous names

joinery installations limited (July 2017)

last accounts submitted

September 2023

address

unit 3 hobbs cross business cent, theydon garnon, epping, essex, CM16 7NY

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 gmag uk limited.

gmag uk limited Company Information

gmag uk limited Estimated Valuation

gmag uk limited Estimated Valuation

gmag uk limited Estimated Valuation

Gmag Uk Limited Overview

Gmag Uk Limited Health Check

GMAG UK LIMITED financials

gmag uk limited Credit Report and Business Information

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gmag uk limited Ownership

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gmag uk limited Companies House Filings - See Documents