Gigacycle Ltd

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gigacycle ltd Company Information

Live

EstablishedSmallDeclining

Company Number

08583915

Website

www.gigacycle.co.uk

Registered Address

unit g3, barton hall, hardy street, manchester, M30 7NB

Industry

Remediation activities and other waste management services.

Telephone

08000242476

Next Accounts Due

April 2025

Group Structure

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Directors

Denver Hodgson10 Years

Shareholders

denver james hodgson 90%

yvonne hodgson 10%

gigacycle ltd Estimated Valuation

£1.8m

Pomanda estimates the enterprise value of GIGACYCLE LTD at £1.8m based on a Turnover of £2.9m and 0.6x industry multiple (adjusted for size and gross margin).

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Gigacycle Ltd is a live company located in manchester, M30 7NB with a Companies House number of 08583915. It operates in the remediation activities and other waste management services sector, SIC Code 39000. Founded in June 2013, it's largest shareholder is denver james hodgson with a 90% stake. Gigacycle Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

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Pomanda's financial health check has awarded Gigacycle Ltd a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 9 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

2 Regular

9 Weak

Size

annual sales of £2.9m, make it smaller than the average company (£13.5m)

Growth

3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (9.5%)

EXPORT

Gigacycle Ltd's latest turnover from July 2023 is estimated at £2.9 million and the company has net assets of £75 thousand. According to their latest financial statements, Gigacycle Ltd has 22 employees and maintains cash reserves of £39.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Turnover	2,936,551	2,844,521	3,287,312	5,095,837	2,534,176	894,261	955,447	387,291	294,660	207,459
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,293,298	2,211,228	2,617,130	4,028,719	1,931,170	682,269	709,871	287,150	220,594	153,629
Gross Profit	643,254	633,293	670,182	1,067,118	603,005	211,992	245,576	100,141	74,066	53,830
Admin Expenses	596,333	754,631	660,223	920,492	560,564	198,341	213,509	109,250	40,330	50,369
Operating Profit	46,921	-121,338	9,959	146,626	42,441	13,651	32,067	-9,109	33,736	3,461
Interest Payable	17,112	15,650	18,652	15,339	5,064	304	0	0	0	0
Interest Receivable	2,631	1,435	179	157	454	97	86	86	22	13
Pre-Tax Profit	32,440	-135,553	-8,514	131,444	37,832	13,444	32,153	-9,023	33,759	3,473
Tax	-8,110	0	0	-24,974	-7,188	-2,554	-6,109	0	-6,752	-729
Profit After Tax	24,330	-135,553	-8,514	106,470	30,644	10,890	26,044	-9,023	27,007	2,744
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	24,330	-135,553	-8,514	106,470	30,644	10,890	26,044	-9,023	27,007	2,744
Employee Costs	950,010	929,177	861,812	810,408	659,634	393,632	332,216	110,801	66,732	64,838
Number Of Employees	22	22	22	20	16	10	9	3	2	2
EBITDA*	59,132	-105,618	29,459	157,694	52,458	21,507	41,021	-2,109	40,334	4,255

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Tangible Assets	43,370	55,581	68,300	65,400	50,968	50,350	32,462	25,265	24,050	3,160
Intangible Assets	0	0	0	0	0	0	0	0	0	0
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	43,370	55,581	68,300	65,400	50,968	50,350	32,462	25,265	24,050	3,160
Stock & work in progress	425,000	370,000	275,000	240,000	229,227	40,000	35,000	30,000	28,000	1,000
Trade Debtors	9,663	44,617	365,368	707,312	63,883	62,780	74,319	21,075	26,469	36,467
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	10,000	17,695	10,666	8,692	8,692	10,900	0	0	0	0
Cash	39,526	65,701	163,908	194,160	120,487	704	37,987	30,645	3,878	5,096
misc current assets	0	0	0	0	0	0	0	0	0	0
total current assets	484,189	498,013	814,942	1,150,164	422,289	114,384	147,306	81,720	58,347	42,563
total assets	527,559	553,594	883,242	1,215,564	473,257	164,734	179,768	106,985	82,397	45,723
Bank overdraft	67,615	39,551	40,122	113,662	60,323	9,340	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0
Trade Creditors	111,524	166,214	66,185	422,064	119,726	33,941	132,986	86,247	52,645	42,978
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	212,269	154,258	381,453	236,493	124,519	63,781	0	0	0	0
total current liabilities	391,408	360,023	487,760	772,219	304,568	107,062	132,986	86,247	52,645	42,978
loans	61,102	142,852	209,210	248,559	80,373	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	61,102	142,852	209,210	248,559	80,373	0	0	0	0	0
total liabilities	452,510	502,875	696,970	1,020,778	384,941	107,062	132,986	86,247	52,645	42,978
net assets	75,049	50,719	186,272	194,786	88,316	57,672	46,782	20,738	29,752	2,745
total shareholders funds	75,049	50,719	186,272	194,786	88,316	57,672	46,782	20,738	29,752	2,745

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014
Operating Activities
Operating Profit	46,921	-121,338	9,959	146,626	42,441	13,651	32,067	-9,109	33,736	3,461
Depreciation	12,211	15,720	19,500	11,068	10,017	7,856	8,954	7,000	6,598	794
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	-8,110	0	0	-24,974	-7,188	-2,554	-6,109	0	-6,752	-729
Stock	55,000	95,000	35,000	10,773	189,227	5,000	5,000	2,000	27,000	1,000
Debtors	-42,649	-313,722	-339,970	643,429	-1,105	-639	53,244	-5,394	-9,998	36,467
Creditors	-54,690	100,029	-355,879	302,338	85,785	-99,045	46,739	33,602	9,667	42,978
Accruals and Deferred Income	58,011	-227,195	144,960	111,974	60,738	63,781	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	41,992	-14,062	123,510	-107,170	3,671	-20,672	23,407	34,887	26,247	9,037
Investing Activities
capital expenditure	0	-3,001	-22,400	-25,500	-10,635	-25,744	-16,151	-8,215	-27,488	-3,954
Change in Investments	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	-3,001	-22,400	-25,500	-10,635	-25,744	-16,151	-8,215	-27,488	-3,954
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	-81,750	-66,358	-39,349	168,186	80,373	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	9	0	1
interest	-14,481	-14,215	-18,473	-15,182	-4,610	-207	86	86	22	13
cash flow from financing	-96,231	-80,573	-57,822	153,004	75,763	-207	86	95	22	14
cash and cash equivalents
cash	-26,175	-98,207	-30,252	73,673	119,783	-37,283	7,342	26,767	-1,218	5,096
overdraft	28,064	-571	-73,540	53,339	50,983	9,340	0	0	0	0
change in cash	-54,239	-97,636	43,288	20,334	68,800	-46,623	7,342	26,767	-1,218	5,096

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GIGACYCLE LTD group structure

Gigacycle Ltd has no subsidiary companies.

Ultimate parent company

GIGACYCLE LTD

08583915

GIGACYCLE LTD Shareholders

denver james hodgson	90%
yvonne hodgson	10%

Gigacycle Ltd currently has 1 director, Mr Denver Hodgson serving since Aug 2013.

officer	country	age	start	end	role
Mr Denver Hodgson	England	38 years	Aug 2013	-	Director

P&L

July 2023

turnover

2.9m

+3%

operating profit

46.9k

gross margin

22%

-1.61%

turnover

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

Balance Sheet

July 2023

net assets

75k

+0.48%

total assets

527.6k

-0.05%

cash

39.5k

-0.4%

net assets

Total assets minus all liabilities

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company number

08583915

Type

Private limited with Share Capital

industry

39000 - Remediation activities and other waste management services.

incorporation date

June 2013

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

unit g3, barton hall, hardy street, manchester, M30 7NB

last accounts submitted

July 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 found 2 charges/mortgages relating to gigacycle ltd. Currently there are 2 open charges and 0 have been satisfied in the past.

gigacycle ltd Company Information

gigacycle ltd Estimated Valuation

gigacycle ltd Estimated Valuation

gigacycle ltd Estimated Valuation

Gigacycle Ltd Overview

Gigacycle Ltd Health Check

GIGACYCLE LTD financials

gigacycle ltd Credit Report and Business Information

Gigacycle Ltd Competitor Analysis

gigacycle ltd Ownership

gigacycle ltd directors

gigacycle ltd company details

gigacycle ltd Charges & Mortgages

gigacycle ltd Companies House Filings - See Documents