ground control technologies holdings ltd
ground control technologies holdings ltd Company Information
Company Number
10888253
Website
http://www.groundcontrol.comRegistered Address
unit d2 churcham business park, churcham, gloucester, GL2 8AX
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
441452751940
Next Accounts Due
August 2025
Group Structure
View All
Shareholders
horizon capital 2013 general partner limited 98.4%
phillip rouse 0.4%
View Allground control technologies holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND CONTROL TECHNOLOGIES HOLDINGS LTD at £63.6m based on a Turnover of £30.5m and 2.09x industry multiple (adjusted for size and gross margin).
ground control technologies holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND CONTROL TECHNOLOGIES HOLDINGS LTD at £7.7m based on an EBITDA of £984.4k and a 7.79x industry multiple (adjusted for size and gross margin).
ground control technologies holdings ltd Estimated Valuation
Pomanda estimates the enterprise value of GROUND CONTROL TECHNOLOGIES HOLDINGS LTD at £0 based on Net Assets of £-24.7m and 0.51x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ground Control Technologies Holdings Ltd Overview
Ground Control Technologies Holdings Ltd is a live company located in gloucester, GL2 8AX with a Companies House number of 10888253. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in July 2017, it's largest shareholder is horizon capital 2013 general partner limited with a 98.4% stake. Ground Control Technologies Holdings Ltd is a young, large sized company, Pomanda has estimated its turnover at £30.5m with healthy growth in recent years.
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Ground Control Technologies Holdings Ltd Health Check
Pomanda's financial health check has awarded Ground Control Technologies Holdings Ltd a 3 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
3 Regular
6 Weak
Size
annual sales of £30.5m, make it larger than the average company (£19.2m)
£30.5m - Ground Control Technologies Holdings Ltd
£19.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (9.4%)
8% - Ground Control Technologies Holdings Ltd
9.4% - Industry AVG
Production
with a gross margin of 35%, this company has a comparable cost of product (34.9%)
35% - Ground Control Technologies Holdings Ltd
34.9% - Industry AVG
Profitability
an operating margin of -9.1% make it less profitable than the average company (4.5%)
-9.1% - Ground Control Technologies Holdings Ltd
4.5% - Industry AVG
Employees
with 82 employees, this is below the industry average (107)
82 - Ground Control Technologies Holdings Ltd
107 - Industry AVG
Pay Structure
on an average salary of £69k, the company has a higher pay structure (£43.5k)
£69k - Ground Control Technologies Holdings Ltd
£43.5k - Industry AVG
Efficiency
resulting in sales per employee of £371.6k, this is more efficient (£188.6k)
£371.6k - Ground Control Technologies Holdings Ltd
£188.6k - Industry AVG
Debtor Days
it gets paid by customers after 36 days, this is near the average (45 days)
36 days - Ground Control Technologies Holdings Ltd
45 days - Industry AVG
Creditor Days
its suppliers are paid after 77 days, this is slower than average (45 days)
77 days - Ground Control Technologies Holdings Ltd
45 days - Industry AVG
Stock Days
it holds stock equivalent to 47 days, this is more than average (37 days)
47 days - Ground Control Technologies Holdings Ltd
37 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 6 weeks, this is less cash available to meet short term requirements (14 weeks)
6 weeks - Ground Control Technologies Holdings Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 198.1%, this is a higher level of debt than the average (69.4%)
198.1% - Ground Control Technologies Holdings Ltd
69.4% - Industry AVG
GROUND CONTROL TECHNOLOGIES HOLDINGS LTD financials
Ground Control Technologies Holdings Ltd's latest turnover from November 2023 is £30.5 million and the company has net assets of -£24.7 million. According to their latest financial statements, Ground Control Technologies Holdings Ltd has 82 employees and maintains cash reserves of £1.2 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Turnover | 30,468,043 | 28,788,460 | 27,438,841 | 24,112,173 | 20,612,000 | 12,117,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 19,790,532 | 18,695,619 | 17,192,621 | 14,857,457 | 12,204,000 | 7,481,000 |
| Gross Profit | 10,677,511 | 10,092,841 | 10,246,220 | 9,254,716 | 8,408,000 | 4,636,000 |
| Admin Expenses | 13,442,032 | 13,140,489 | 13,490,619 | 8,099,991 | 10,129,000 | 5,701,000 |
| Operating Profit | -2,764,521 | -3,047,648 | -3,244,399 | 1,154,725 | -1,721,000 | -1,065,000 |
| Interest Payable | 5,755,390 | 3,418,246 | 2,944,343 | 2,749,344 | 2,068,000 | 1,351,000 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -8,519,911 | -6,465,894 | -6,188,742 | -1,594,620 | -3,789,000 | -2,416,000 |
| Tax | 377,503 | 410,496 | 142,507 | -859,487 | 71,000 | -98,000 |
| Profit After Tax | -8,142,408 | -6,055,398 | -6,046,235 | -2,454,107 | -3,718,000 | -2,514,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -8,142,408 | -6,055,398 | -6,046,235 | -2,454,107 | -3,818,000 | -2,508,000 |
| Employee Costs | 5,656,411 | 6,068,442 | 6,290,872 | 5,759,242 | 4,718,000 | 2,012,000 |
| Number Of Employees | 82 | 89 | 88 | 78 | 62 | 44 |
| EBITDA* | 984,423 | -124,300 | -191,593 | 4,111,327 | 809,000 | 507,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Tangible Assets | 197,191 | 179,544 | 252,553 | 373,910 | 296,000 | 264,000 |
| Intangible Assets | 16,301,696 | 17,563,109 | 20,809,120 | 24,075,797 | 22,756,000 | 19,674,000 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 16,498,887 | 17,742,653 | 21,061,674 | 24,449,708 | 23,052,000 | 19,938,000 |
| Stock & work in progress | 2,576,536 | 2,069,362 | 1,717,995 | 1,864,478 | 1,679,000 | 623,000 |
| Trade Debtors | 3,061,459 | 4,298,320 | 5,184,071 | 2,594,535 | 3,478,000 | 1,522,000 |
| Group Debtors | 22,251 | 511,010 | 337,265 | 0 | 0 | 0 |
| Misc Debtors | 1,796,209 | 1,544,540 | 1,219,222 | 1,121,732 | 894,000 | 1,116,000 |
| Cash | 1,219,980 | 1,651,193 | 1,367,271 | 1,297,691 | 2,855,000 | 1,401,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,676,437 | 10,074,426 | 9,825,825 | 6,878,437 | 8,906,000 | 4,662,000 |
| total assets | 25,175,324 | 27,817,080 | 30,887,499 | 31,328,145 | 31,958,000 | 24,600,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 4,214,686 | 3,279,368 | 3,601,457 | 2,339,904 | 2,616,000 | 1,432,000 |
| 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 | 5,438,502 | 3,687,562 | 4,544,374 | 3,800,016 | 3,909,000 | 2,877,000 |
| total current liabilities | 9,653,188 | 6,966,930 | 8,145,832 | 6,139,920 | 6,525,000 | 4,309,000 |
| loans | 39,716,105 | 36,062,303 | 33,522,286 | 30,920,395 | 28,340,000 | 19,536,000 |
| 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 | 503,337 | 305,378 | 766,368 | 190,339 | 47,000 | 47,000 |
| total long term liabilities | 40,219,443 | 36,367,682 | 34,288,655 | 31,110,735 | 28,387,000 | 19,583,000 |
| total liabilities | 49,872,631 | 43,334,612 | 42,434,487 | 37,250,656 | 34,912,000 | 23,892,000 |
| net assets | -24,697,307 | -15,517,532 | -11,546,988 | -5,922,511 | -3,405,000 | 357,000 |
| total shareholders funds | -24,697,307 | -15,517,532 | -11,546,988 | -5,922,511 | -3,405,000 | 357,000 |
| Nov 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Nov 2019 | Nov 2018 | |
|---|---|---|---|---|---|---|
| Operating Activities | ||||||
| Operating Profit | -2,764,521 | -3,047,648 | -3,244,399 | 1,154,725 | -1,721,000 | -1,065,000 |
| Depreciation | 157,293 | 176,475 | 197,134 | 205,566 | 108,000 | 51,000 |
| Amortisation | 3,591,651 | 2,746,873 | 2,855,672 | 2,751,036 | 2,422,000 | 1,521,000 |
| Tax | 377,503 | 410,496 | 142,507 | -859,487 | 71,000 | -98,000 |
| Stock | 507,174 | 351,367 | -146,483 | 185,478 | 1,056,000 | 623,000 |
| Debtors | -1,473,950 | -386,688 | 3,024,291 | -655,733 | 1,734,000 | 2,638,000 |
| Creditors | 935,318 | -322,089 | 1,261,553 | -276,096 | 1,184,000 | 1,432,000 |
| Accruals and Deferred Income | 1,750,940 | -856,812 | 744,358 | -108,984 | 1,032,000 | 2,877,000 |
| Deferred Taxes & Provisions | 197,959 | -460,990 | 576,029 | 143,339 | 0 | 47,000 |
| Cash flow from operations | 5,212,919 | -1,318,374 | -344,954 | 3,480,354 | 306,000 | 1,504,000 |
| Investing Activities | ||||||
| capital expenditure | 0 | 0 | 0 | 0 | -1,099,000 | -412,000 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -1,099,000 | -412,000 |
| 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 | 3,653,802 | 2,540,017 | 2,601,891 | 2,580,395 | 8,804,000 | 19,536,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||
| interest | -5,755,390 | -3,418,246 | -2,944,343 | -2,749,344 | -2,068,000 | -1,351,000 |
| cash flow from financing | -3,138,954 | 1,206,624 | 79,306 | -232,353 | 6,792,000 | 21,050,000 |
| cash and cash equivalents | ||||||
| cash | -431,213 | 283,922 | 69,580 | -1,557,309 | 1,454,000 | 1,401,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -431,213 | 283,922 | 69,580 | -1,557,309 | 1,454,000 | 1,401,000 |
ground control technologies holdings ltd Credit Report and Business Information
Ground Control Technologies Holdings Ltd Competitor Analysis
Perform a competitor analysis for ground control technologies holdings ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in GL2 area or any other competitors across 12 key performance metrics.
ground control technologies holdings ltd Ownership
GROUND CONTROL TECHNOLOGIES HOLDINGS LTD group structure
Ground Control Technologies Holdings Ltd has 1 subsidiary company.
Ultimate parent company
GROUND CONTROL TECHNOLOGIES HOLDINGS LTD
10888253
1 subsidiary
ground control technologies holdings ltd directors
Ground Control Technologies Holdings Ltd currently has 4 directors. The longest serving directors include Mr Stephen Smith (Nov 2017) and Mr Alastair MacLeod (Oct 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Smith | England | 47 years | Nov 2017 | - | Director |
| Mr Alastair MacLeod | England | 58 years | Oct 2020 | - | Director |
| Mr Jeremy Hand | 62 years | Aug 2021 | - | Director | |
| Mr Martin Squier | United Kingdom | 42 years | Feb 2024 | - | Director |
P&L
November 2023turnover
30.5m
+6%
operating profit
-2.8m
-9%
gross margin
35.1%
-0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
November 2023net assets
-24.7m
+0.59%
total assets
25.2m
-0.09%
cash
1.2m
-0.26%
net assets
Total assets minus all liabilities
Similar Companies
ground control technologies holdings ltd company details
company number
10888253
Type
Private limited with Share Capital
industry
64209 - Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
incorporation date
July 2017
age
7
incorporated
UK
accounts
Group
ultimate parent company
previous names
ground control technologies ltd (August 2022)
wireless innovation group ltd (June 2021)
last accounts submitted
November 2023
address
unit d2 churcham business park, churcham, gloucester, GL2 8AX
accountant
-
auditor
GRANT THORNTON UK LLP
ground control technologies holdings 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 found 2 charges/mortgages relating to ground control technologies holdings ltd. Currently there are 1 open charges and 1 have been satisfied in the past.
ground control technologies holdings ltd Companies House Filings - See Documents
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