g2i ltd
g2i ltd Company Information
Company Number
10735938
Website
-Registered Address
first floor ridgeland house, 15 carfax, horsham, west sussex, RH12 1DY
Industry
Activities of insurance agents and brokers
Telephone
-
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
riviera insurance services limited 80%
nick tsimekis 4.8%
View Allg2i ltd Estimated Valuation
Pomanda estimates the enterprise value of G2I LTD at £1.4m based on a Turnover of £949k and 1.44x industry multiple (adjusted for size and gross margin).
g2i ltd Estimated Valuation
Pomanda estimates the enterprise value of G2I LTD at £0 based on an EBITDA of £-674.7k and a 5.44x industry multiple (adjusted for size and gross margin).
g2i ltd Estimated Valuation
Pomanda estimates the enterprise value of G2I LTD at £0 based on Net Assets of £-356.9k and 2.81x industry multiple (adjusted for liquidity).
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G2i Ltd Overview
G2i Ltd is a live company located in horsham, RH12 1DY with a Companies House number of 10735938. It operates in the activities of insurance agents and brokers sector, SIC Code 66220. Founded in April 2017, it's largest shareholder is riviera insurance services limited with a 80% stake. G2i Ltd is a young, small sized company, Pomanda has estimated its turnover at £949k with healthy growth in recent years.
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G2i Ltd Health Check
Pomanda's financial health check has awarded G2I Ltd a 2 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
3 Strong
2 Regular
6 Weak
Size
annual sales of £949k, make it smaller than the average company (£3.2m)
- G2i Ltd
£3.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (7.4%)
- G2i Ltd
7.4% - Industry AVG
Production
with a gross margin of 94.6%, this company has a comparable cost of product (94.6%)
- G2i Ltd
94.6% - Industry AVG
Profitability
an operating margin of -74.8% make it less profitable than the average company (18.2%)
- G2i Ltd
18.2% - Industry AVG
Employees
with 13 employees, this is below the industry average (19)
13 - G2i Ltd
19 - Industry AVG
Pay Structure
on an average salary of £53.2k, the company has an equivalent pay structure (£53.2k)
- G2i Ltd
£53.2k - Industry AVG
Efficiency
resulting in sales per employee of £73k, this is less efficient (£126.5k)
- G2i Ltd
£126.5k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (71 days)
- G2i Ltd
71 days - Industry AVG
Creditor Days
its suppliers are paid after 499 days, this is slower than average (132 days)
- G2i Ltd
132 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- G2i Ltd
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (34 weeks)
2 weeks - G2i Ltd
34 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 182.7%, this is a higher level of debt than the average (58.3%)
182.7% - G2i Ltd
58.3% - Industry AVG
G2I LTD financials
G2I Ltd's latest turnover from December 2023 is estimated at £949 thousand and the company has net assets of -£356.9 thousand. According to their latest financial statements, G2I Ltd has 13 employees and maintains cash reserves of £17 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 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 | 13 | 14 | 14 | 10 | 7 | 5 | |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 252,088 | 51,050 | 5,930 | 9,092 | 11,187 | 6,844 | 0 |
| Intangible Assets | 0 | 28,011 | 135,879 | 188,621 | 210,314 | 120,000 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 252,088 | 79,061 | 141,809 | 197,713 | 221,501 | 126,844 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 5,305 | 1,876 | 26,900 | 19,528 | 21,200 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 157,401 | 358,102 | 517,654 | 190,505 | 740,974 | 281,336 | 99 |
| Cash | 17,018 | 87,515 | 574,049 | 605,539 | 212,786 | 326,087 | 0 |
| misc current assets | 0 | 68 | 68 | 68 | 0 | 0 | 0 |
| total current assets | 179,724 | 447,561 | 1,118,671 | 815,640 | 974,960 | 607,423 | 99 |
| total assets | 431,812 | 526,622 | 1,260,480 | 1,013,353 | 1,196,461 | 734,267 | 99 |
| Bank overdraft | 9,931 | 9,687 | 7,108 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 70,136 | 177,086 | 393,241 | 92,545 | 182,819 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 227,698 | 169,102 | 248,559 | 52,608 | 109,351 | 5,954 | 0 |
| total current liabilities | 307,765 | 355,875 | 648,908 | 145,153 | 292,170 | 5,954 | 0 |
| loans | 480,925 | 33,205 | 42,893 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 480,925 | 33,205 | 42,893 | 0 | 0 | 0 | 0 |
| total liabilities | 788,690 | 389,080 | 691,801 | 145,153 | 292,170 | 5,954 | 0 |
| net assets | -356,878 | 137,542 | 568,679 | 868,200 | 904,291 | 728,313 | 99 |
| total shareholders funds | -356,878 | 137,542 | 568,679 | 868,200 | 904,291 | 728,313 | 99 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Apr 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 7,298 | 3,748 | 7,014 | 5,529 | 3,613 | 0 | 0 |
| Amortisation | 28,011 | 107,868 | 218,916 | 205,798 | 0 | 0 | 0 |
| Tax | |||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -197,272 | -184,576 | 334,521 | -552,141 | 480,838 | 281,336 | 99 |
| Creditors | -106,950 | -216,155 | 300,696 | -90,274 | 182,819 | 0 | 0 |
| Accruals and Deferred Income | 58,596 | -79,457 | 195,951 | -56,743 | 103,397 | 5,954 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | |||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 447,720 | -9,688 | 42,893 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||
| interest | |||||||
| cash flow from financing | |||||||
| cash and cash equivalents | |||||||
| cash | -70,497 | -486,534 | -31,490 | 392,753 | -113,301 | 326,087 | 0 |
| overdraft | 244 | 2,579 | 7,108 | 0 | 0 | 0 | 0 |
| change in cash | -70,741 | -489,113 | -38,598 | 392,753 | -113,301 | 326,087 | 0 |
g2i ltd Credit Report and Business Information
G2i Ltd Competitor Analysis
Perform a competitor analysis for g2i ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other small companies, companies in RH12 area or any other competitors across 12 key performance metrics.
g2i ltd Ownership
G2I LTD group structure
G2I Ltd has 1 subsidiary company.
Ultimate parent company
1 parent
G2I LTD
10735938
1 subsidiary
g2i ltd directors
G2I Ltd currently has 3 directors. The longest serving directors include Mr Michael Holley (Mar 2019) and Mr James Jones (Mar 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Michael Holley | England | 62 years | Mar 2019 | - | Director |
| Mr James Jones | United Kingdom | 46 years | Mar 2023 | - | Director |
| Mr Kevin Davies | United Kingdom | 61 years | Mar 2023 | - | Director |
P&L
December 2023turnover
949k
+3%
operating profit
-710k
0%
gross margin
94.7%
+1.38%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-356.9k
-3.59%
total assets
431.8k
-0.18%
cash
17k
-0.81%
net assets
Total assets minus all liabilities
g2i ltd company details
company number
10735938
Type
Private limited with Share Capital
industry
66220 - Activities of insurance agents and brokers
incorporation date
April 2017
age
7
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
GALLOWAYS ACCOUNTING
auditor
-
address
first floor ridgeland house, 15 carfax, horsham, west sussex, RH12 1DY
Bank
-
Legal Advisor
-
g2i 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 g2i ltd.
g2i ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
