gorton ltd
gorton ltd Company Information
Company Number
10668575
Website
-Registered Address
unit 26, crossgrange trading estate,, newton abbot, TQ12 6UD
Industry
Plumbing, heat and air-conditioning installation
Telephone
-
Next Accounts Due
December 2024
Group Structure
View All
Directors
Peter Hogg7 Years
Shareholders
peter hogg 100%
gorton ltd Estimated Valuation
Pomanda estimates the enterprise value of GORTON LTD at £661.2k based on a Turnover of £2m and 0.34x industry multiple (adjusted for size and gross margin).
gorton ltd Estimated Valuation
Pomanda estimates the enterprise value of GORTON LTD at £2.7m based on an EBITDA of £707.8k and a 3.82x industry multiple (adjusted for size and gross margin).
gorton ltd Estimated Valuation
Pomanda estimates the enterprise value of GORTON LTD at £9.9m based on Net Assets of £3m and 3.25x industry multiple (adjusted for liquidity).
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Gorton Ltd Overview
Gorton Ltd is a live company located in newton abbot, TQ12 6UD with a Companies House number of 10668575. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in March 2017, it's largest shareholder is peter hogg with a 100% stake. Gorton Ltd is a young, small sized company, Pomanda has estimated its turnover at £2m with high growth in recent years.
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Gorton Ltd Health Check
Pomanda's financial health check has awarded Gorton Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
7 Strong
2 Regular
3 Weak
Size
annual sales of £2m, make it larger than the average company (£358.1k)
- Gorton Ltd
£358.1k - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (4.3%)
- Gorton Ltd
4.3% - Industry AVG
Production
with a gross margin of 18.1%, this company has a higher cost of product (27.8%)
- Gorton Ltd
27.8% - Industry AVG
Profitability
an operating margin of 36% make it more profitable than the average company (6.5%)
- Gorton Ltd
6.5% - Industry AVG
Employees
with 40 employees, this is above the industry average (4)
40 - Gorton Ltd
4 - Industry AVG
Pay Structure
on an average salary of £33.4k, the company has an equivalent pay structure (£33.4k)
- Gorton Ltd
£33.4k - Industry AVG
Efficiency
resulting in sales per employee of £49.1k, this is less efficient (£109.9k)
- Gorton Ltd
£109.9k - Industry AVG
Debtor Days
it gets paid by customers after 51 days, this is near the average (57 days)
- Gorton Ltd
57 days - Industry AVG
Creditor Days
its suppliers are paid after 73 days, this is slower than average (47 days)
- Gorton Ltd
47 days - Industry AVG
Stock Days
it holds stock equivalent to 160 days, this is more than average (11 days)
- Gorton Ltd
11 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 83 weeks, this is more cash available to meet short term requirements (19 weeks)
83 weeks - Gorton Ltd
19 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 9.7%, this is a lower level of debt than the average (62.1%)
9.7% - Gorton Ltd
62.1% - Industry AVG
GORTON LTD financials
Gorton Ltd's latest turnover from March 2023 is estimated at £2 million and the company has net assets of £3 million. According to their latest financial statements, Gorton Ltd has 40 employees and maintains cash reserves of £525.4 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Turnover | ||||||
| Other Income Or Grants | ||||||
| Cost Of Sales | ||||||
| Gross Profit | ||||||
| Admin Expenses | ||||||
| Operating Profit | ||||||
| Interest Payable | ||||||
| Interest Receivable | ||||||
| Pre-Tax Profit | ||||||
| Tax | ||||||
| Profit After Tax | ||||||
| Dividends Paid | ||||||
| Retained Profit | ||||||
| Employee Costs | ||||||
| Number Of Employees | 40 | 30 | 30 | 35 | ||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 1,848,590 | 1,355,796 | 895,878 | 523,145 | 315,870 | 159,777 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,848,590 | 1,355,796 | 895,878 | 523,145 | 315,870 | 159,777 |
| Stock & work in progress | 705,960 | 674,105 | 539,789 | 415,745 | 257,888 | 210,229 |
| Trade Debtors | 278,911 | 212,478 | 148,745 | 95,541 | 88,887 | 46,770 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 525,374 | 457,095 | 369,875 | 301,752 | 275,544 | 148,989 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,510,245 | 1,343,678 | 1,058,409 | 813,038 | 622,319 | 405,988 |
| total assets | 3,358,835 | 2,699,474 | 1,954,287 | 1,336,183 | 938,189 | 565,765 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 325,850 | 256,714 | 198,566 | 132,758 | 75,488 | 55,039 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 325,850 | 256,714 | 198,566 | 132,758 | 75,488 | 55,039 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 325,850 | 256,714 | 198,566 | 132,758 | 75,488 | 55,039 |
| net assets | 3,032,985 | 2,442,760 | 1,755,721 | 1,203,425 | 862,701 | 510,726 |
| total shareholders funds | 3,032,985 | 2,442,760 | 1,755,721 | 1,203,425 | 862,701 | 510,726 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | ||||||
| Depreciation | 0 | 0 | 0 | |||
| Amortisation | 0 | 0 | 0 | 0 | 0 | |
| Tax | ||||||
| Stock | 31,855 | 134,316 | 124,044 | 157,857 | 47,659 | 210,229 |
| Debtors | 66,433 | 63,733 | 53,204 | 6,654 | 42,117 | 46,770 |
| Creditors | 69,136 | 58,148 | 65,808 | 57,270 | 20,449 | 55,039 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||
| Investing Activities | ||||||
| capital expenditure | ||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||
| Financing Activities | ||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | ||||||
| cash flow from financing | ||||||
| cash and cash equivalents | ||||||
| cash | 68,279 | 87,220 | 68,123 | 26,208 | 126,555 | 148,989 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 68,279 | 87,220 | 68,123 | 26,208 | 126,555 | 148,989 |
gorton ltd Credit Report and Business Information
Gorton Ltd Competitor Analysis
Perform a competitor analysis for gorton ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gorton ltd Ownership
GORTON LTD group structure
Gorton Ltd has no subsidiary companies.
Ultimate parent company
GORTON LTD
10668575
gorton ltd directors
Gorton Ltd currently has 1 director, Mr Peter Hogg serving since Mar 2017.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Hogg | United Kingdom | 39 years | Mar 2017 | - | Director |
P&L
March 2023turnover
2m
+28%
operating profit
707.8k
0%
gross margin
18.2%
-0.83%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
3m
+0.24%
total assets
3.4m
+0.24%
cash
525.4k
+0.15%
net assets
Total assets minus all liabilities
gorton ltd company details
company number
10668575
Type
Private limited with Share Capital
industry
43220 - Plumbing, heat and air-conditioning installation
incorporation date
March 2017
age
7
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 26, crossgrange trading estate,, newton abbot, TQ12 6UD
last accounts submitted
March 2023
gorton ltd 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 gorton ltd.
gorton ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
