gb bank limited
gb bank limited Company Information
Company Number
10702260
Next Accounts
Sep 2025
Shareholders
the teesside pension fund
george allinson transport limited
View AllGroup Structure
View All
Industry
Banks
Registered Address
73 brook street, mayfair, london, W1K 4HX
Website
www.modeltfinance.co.ukgb bank limited Estimated Valuation
Pomanda estimates the enterprise value of GB BANK LIMITED at £16.4m based on a Turnover of £12.3m and 1.33x industry multiple (adjusted for size and gross margin).
gb bank limited Estimated Valuation
Pomanda estimates the enterprise value of GB BANK LIMITED at £0 based on an EBITDA of £-7.3m and a 5.59x industry multiple (adjusted for size and gross margin).
gb bank limited Estimated Valuation
Pomanda estimates the enterprise value of GB BANK LIMITED at £85.4m based on Net Assets of £19.3m and 4.42x industry multiple (adjusted for liquidity).
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Gb Bank Limited Overview
Gb Bank Limited is a live company located in london, W1K 4HX with a Companies House number of 10702260. It operates in the banks sector, SIC Code 64191. Founded in March 2017, it's largest shareholder is the teesside pension fund with a 50% stake. Gb Bank Limited is a young, mid sized company, Pomanda has estimated its turnover at £12.3m with rapid growth in recent years.
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Gb Bank Limited Health Check
Pomanda's financial health check has awarded Gb Bank Limited a 4 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
3 Regular
4 Weak
Size
annual sales of £12.3m, make it smaller than the average company (£62.6m)
£12.3m - Gb Bank Limited
£62.6m - Industry AVG
Growth
3 year (CAGR) sales growth of 1735%, show it is growing at a faster rate (17.1%)
1735% - Gb Bank Limited
17.1% - Industry AVG
Production
with a gross margin of 65.5%, this company has a comparable cost of product (65.5%)
65.5% - Gb Bank Limited
65.5% - Industry AVG
Profitability
an operating margin of -60% make it less profitable than the average company (14.4%)
-60% - Gb Bank Limited
14.4% - Industry AVG
Employees
with 46 employees, this is below the industry average (138)
46 - Gb Bank Limited
138 - Industry AVG
Pay Structure
on an average salary of £109.5k, the company has an equivalent pay structure (£99.1k)
£109.5k - Gb Bank Limited
£99.1k - Industry AVG
Efficiency
resulting in sales per employee of £268.5k, this is less efficient (£377k)
£268.5k - Gb Bank Limited
£377k - Industry AVG
Debtor Days
it gets paid by customers after 1345 days, this is earlier than average (5182 days)
1345 days - Gb Bank Limited
5182 days - Industry AVG
Creditor Days
its suppliers are paid after 26930 days, this is slower than average (79 days)
26930 days - Gb Bank Limited
79 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gb Bank Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 47 weeks, this is more cash available to meet short term requirements (11 weeks)
47 weeks - Gb Bank Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 94.2%, this is a similar level of debt than the average (90.1%)
94.2% - Gb Bank Limited
90.1% - Industry AVG
GB BANK LIMITED financials
Gb Bank Limited's latest turnover from December 2023 is £12.3 million and the company has net assets of £19.3 million. According to their latest financial statements, Gb Bank Limited has 46 employees and maintains cash reserves of £287.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 12,349,000 | 227,000 | 6,000 | 2,000 | |||
| Other Income Or Grants | 75,000 | ||||||
| Cost Of Sales | |||||||
| Gross Profit | 227,000 | 81,000 | 2,000 | ||||
| Admin Expenses | 9,588,000 | 8,615,000 | 4,731,000 | ||||
| Operating Profit | -7,411,000 | -9,361,000 | -8,534,000 | -4,729,000 | |||
| Interest Payable | |||||||
| Interest Receivable | |||||||
| Pre-Tax Profit | -7,411,000 | -9,361,000 | -8,534,000 | -4,729,000 | |||
| Tax | 371,000 | 830,000 | 348,000 | ||||
| Profit After Tax | -7,040,000 | -8,531,000 | -8,186,000 | -4,729,000 | |||
| Dividends Paid | |||||||
| Retained Profit | -7,040,000 | -8,531,000 | -8,186,000 | -4,729,000 | |||
| Employee Costs | 5,037,000 | 4,782,000 | 3,813,000 | 3,080,000 | |||
| Number Of Employees | 46 | 39 | 27 | 20 | 19 | 9 | 2 |
| EBITDA* | -7,328,000 | -9,292,000 | -8,521,000 | -4,710,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 344,000 | 415,000 | 85,000 | 15,000 | 22,000 | 839,000 | |
| Intangible Assets | 32,000 | 51,000 | 5,000 | 10,000 | |||
| Investments & Other | 10,477,000 | 9,498,000 | |||||
| Debtors (Due After 1 year) | |||||||
| Total Fixed Assets | 376,000 | 10,943,000 | 9,583,000 | 15,000 | 27,000 | 849,000 | |
| Stock & work in progress | |||||||
| Trade Debtors | 45,509,000 | ||||||
| Group Debtors | |||||||
| Misc Debtors | 1,550,000 | 439,000 | 216,000 | 83,000 | 262,000 | ||
| Cash | 287,322,000 | 22,476,000 | 7,584,000 | 16,612,000 | 1,716,000 | 2,190,000 | 617,784 |
| misc current assets | 814,000 | 2,040,000 | |||||
| total current assets | 335,114,000 | 24,026,000 | 8,023,000 | 18,868,000 | 1,799,000 | 2,452,000 | 1,227,409 |
| total assets | 335,490,000 | 34,969,000 | 17,606,000 | 18,883,000 | 1,826,000 | 3,301,000 | 1,227,409 |
| Bank overdraft | |||||||
| Bank loan | |||||||
| Trade Creditors | 314,374,000 | 83,000 | 33,000 | 64,000 | 96,000 | 168,000 | 140,089 |
| Group/Directors Accounts | |||||||
| other short term finances | |||||||
| hp & lease commitments | |||||||
| other current liabilities | 12,739,000 | 987,000 | 517,000 | 594,000 | 693,000 | ||
| total current liabilities | 316,159,000 | 12,822,000 | 1,020,000 | 581,000 | 690,000 | 861,000 | 218,680 |
| loans | |||||||
| hp & lease commitments | |||||||
| Accruals and Deferred Income | 78,590 | ||||||
| other liabilities | |||||||
| provisions | |||||||
| total long term liabilities | |||||||
| total liabilities | 316,159,000 | 12,822,000 | 1,020,000 | 581,000 | 690,000 | 861,000 | 218,680 |
| net assets | 19,331,000 | 22,147,000 | 16,586,000 | 18,302,000 | 1,136,000 | 2,440,000 | 1,008,729 |
| total shareholders funds | 19,331,000 | 22,147,000 | 16,586,000 | 18,302,000 | 1,136,000 | 2,440,000 | 1,008,729 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Mar 2019 | Mar 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | -7,411,000 | -9,361,000 | -8,534,000 | -4,729,000 | |||
| Depreciation | 83,000 | 62,000 | 13,000 | 14,000 | 10,000 | 9,000 | |
| Amortisation | 7,000 | 5,000 | 5,000 | 3,000 | |||
| Tax | 371,000 | 830,000 | 348,000 | ||||
| Stock | |||||||
| Debtors | 43,959,000 | 1,111,000 | 223,000 | 133,000 | -419,775 | -240,775 | 502,775 |
| Creditors | 314,291,000 | 50,000 | -31,000 | -32,000 | -44,089 | 27,911 | 140,089 |
| Accruals and Deferred Income | -12,739,000 | 11,752,000 | 470,000 | -77,000 | 515,410 | 614,410 | 78,590 |
| Deferred Taxes & Provisions | |||||||
| Cash flow from operations | 2,229,000 | -7,957,000 | -4,952,000 | ||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | -10,477,000 | 979,000 | 9,498,000 | ||||
| cash flow from investments | -979,000 | -9,498,000 | |||||
| Financing Activities | |||||||
| Bank loans | |||||||
| Group/Directors Accounts | |||||||
| Other Short Term Loans | |||||||
| Long term loans | |||||||
| Hire Purchase and Lease Commitments | |||||||
| other long term liabilities | |||||||
| share issue | |||||||
| interest | |||||||
| cash flow from financing | 14,092,000 | 6,470,000 | 21,895,000 | ||||
| cash and cash equivalents | |||||||
| cash | 264,846,000 | 14,892,000 | -9,028,000 | 14,896,000 | 1,098,216 | 1,572,216 | 617,784 |
| overdraft | |||||||
| change in cash | 264,846,000 | 14,892,000 | -9,028,000 | 14,896,000 | 1,098,216 | 1,572,216 | 617,784 |
gb bank limited Credit Report and Business Information
Gb Bank Limited Competitor Analysis
Perform a competitor analysis for gb bank limited by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mid companies, companies in W1K area or any other competitors across 12 key performance metrics.
gb bank limited Ownership
GB BANK LIMITED group structure
Gb Bank Limited has no subsidiary companies.
Ultimate parent company
GB BANK LIMITED
10702260
gb bank limited directors
Gb Bank Limited currently has 10 directors. The longest serving directors include Mrs Victoria Griffiths (Apr 2021) and Mr Michael Says (Sep 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Victoria Griffiths | England | 48 years | Apr 2021 | - | Director |
| Mr Michael Says | 65 years | Sep 2021 | - | Director | |
| Mr Michael Says | 64 years | Sep 2021 | - | Director | |
| Mr Ian Henderson | England | 64 years | Jan 2023 | - | Director |
| Mr Sameer Gehlaut | England | 51 years | May 2024 | - | Director |
| Mr Ajit Mittal | England | 65 years | Aug 2024 | - | Director |
| Mr Alexander Cameron | England | 58 years | Aug 2024 | - | Director |
| Mr Robert Morgan | United Kingdom | 64 years | Sep 2024 | - | Director |
| Ms Andrea Hodgson | Wales | 57 years | Oct 2024 | - | Director |
| Mr Ashraf Piranie | England | 61 years | Oct 2024 | - | Director |
P&L
December 2023turnover
12.3m
+5340%
operating profit
-7.4m
-21%
gross margin
65.5%
-34.5%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
19.3m
-0.13%
total assets
335.5m
+8.59%
cash
287.3m
+11.78%
net assets
Total assets minus all liabilities
gb bank limited company details
company number
10702260
Type
Private limited with Share Capital
industry
64191 - Banks
incorporation date
March 2017
age
8
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
the model t finance company limited (November 2021)
accountant
-
auditor
MHA
address
73 brook street, mayfair, london, W1K 4HX
Bank
-
Legal Advisor
-
gb bank 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 2 charges/mortgages relating to gb bank limited. Currently there are 0 open charges and 2 have been satisfied in the past.
gb bank limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for GB BANK LIMITED. This can take several minutes, an email will notify you when this has completed.
gb bank limited Companies House Filings - See Documents
| date | description | view/download |
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