gore street energy storage fund plc
gore street energy storage fund plc Company Information
Company Number
11160422
Website
www.gsenergystoragefund.comRegistered Address
first floor, 16-17, little portland street, london, W1W 8BP
Industry
Activities of investment trusts
Telephone
02074665000
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
undisclosed 100%
gore street energy storage fund plc Estimated Valuation
Pomanda estimates the enterprise value of GORE STREET ENERGY STORAGE FUND PLC at £88.1m based on a Turnover of £32.3m and 2.73x industry multiple (adjusted for size and gross margin).
gore street energy storage fund plc Estimated Valuation
Pomanda estimates the enterprise value of GORE STREET ENERGY STORAGE FUND PLC at £235.1m based on an EBITDA of £27.9m and a 8.43x industry multiple (adjusted for size and gross margin).
gore street energy storage fund plc Estimated Valuation
Pomanda estimates the enterprise value of GORE STREET ENERGY STORAGE FUND PLC at £798.1m based on Net Assets of £540.7m and 1.48x industry multiple (adjusted for liquidity).
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Gore Street Energy Storage Fund Plc Overview
Gore Street Energy Storage Fund Plc is a live company located in london, W1W 8BP with a Companies House number of 11160422. It operates in the activities of investment trusts sector, SIC Code 64301. Founded in January 2018, it's largest shareholder is undisclosed with a 100% stake. Gore Street Energy Storage Fund Plc is a young, large sized company, Pomanda has estimated its turnover at £32.3m with rapid growth in recent years.
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Gore Street Energy Storage Fund Plc Health Check
Pomanda's financial health check has awarded Gore Street Energy Storage Fund Plc a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 0 areas for improvement. Company Health Check FAQs
7 Strong
3 Regular
0 Weak
Size
annual sales of £32.3m, make it larger than the average company (£6.1m)
£32.3m - Gore Street Energy Storage Fund Plc
£6.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 197%, show it is growing at a faster rate (9%)
197% - Gore Street Energy Storage Fund Plc
9% - Industry AVG
Production
with a gross margin of 67.9%, this company has a comparable cost of product (67.9%)
67.9% - Gore Street Energy Storage Fund Plc
67.9% - Industry AVG
Profitability
an operating margin of 86.4% make it more profitable than the average company (38.1%)
86.4% - Gore Street Energy Storage Fund Plc
38.1% - Industry AVG
Employees
with 150 employees, this is above the industry average (6)
- Gore Street Energy Storage Fund Plc
6 - Industry AVG
Pay Structure
on an average salary of £50k, the company has an equivalent pay structure (£50k)
- Gore Street Energy Storage Fund Plc
£50k - Industry AVG
Efficiency
resulting in sales per employee of £215.4k, this is equally as efficient (£216.3k)
- Gore Street Energy Storage Fund Plc
£216.3k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (40 days)
2 days - Gore Street Energy Storage Fund Plc
40 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Gore Street Energy Storage Fund Plc
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gore Street Energy Storage Fund Plc
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 1467 weeks, this is more cash available to meet short term requirements (76 weeks)
1467 weeks - Gore Street Energy Storage Fund Plc
76 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 0.4%, this is a lower level of debt than the average (5.4%)
0.4% - Gore Street Energy Storage Fund Plc
5.4% - Industry AVG
GORE STREET ENERGY STORAGE FUND PLC financials
Gore Street Energy Storage Fund Plc's latest turnover from March 2024 is £32.3 million and the company has net assets of £540.7 million. According to their latest financial statements, we estimate that Gore Street Energy Storage Fund Plc has 150 employees and maintains cash reserves of £60.7 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|---|
| Turnover | 32,309,146 | 12,466,909 | 5,489,529 | 1,233,000 | 915,111 | 139,341 | 18,863 |
| Other Income Or Grants | |||||||
| Cost Of Sales | |||||||
| Gross Profit | |||||||
| Admin Expenses | |||||||
| Operating Profit | |||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 24,383,240 | 2,585,473 | -1,003,835 | -1,611,035 | -796,249 | -469,408 | -377,812 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | 24,383,240 | 2,585,473 | -1,003,835 | -1,611,035 | -796,249 | -469,408 | -377,812 |
| Dividends Paid | 36,384,962 | 30,970,692 | 15,187,456 | 8,070,152 | 3,086,876 | 918,000 | 0 |
| Retained Profit | -12,001,722 | -28,385,219 | -16,191,291 | -9,681,187 | -3,883,125 | -1,387,408 | -377,812 |
| Employee Costs | 148,809 | 105,839 | 80,526 | ||||
| Number Of Employees | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|---|
| Tangible Assets | 481,659,515 | 434,762,146 | 180,762,419 | 80,694,275 | 30,412,493 | 6,482,964 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 481,659,515 | 434,762,146 | 180,762,419 | 80,694,275 | 30,412,493 | 6,482,964 | 7,981,451 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 481,659,515 | 434,762,146 | 180,762,419 | 80,694,275 | 30,412,493 | 6,482,964 | 7,981,451 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 213,812 | 309,074 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 306,041 | 534,751 | 46,476 | 5,364,168 | 4,963,527 | 4,594,059 | 4,695,294 |
| Cash | 60,667,572 | 123,705,727 | 198,047,440 | 60,152,317 | 15,028,142 | 17,223,770 | 17,171,647 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 61,187,425 | 124,549,552 | 198,093,916 | 65,516,485 | 19,991,669 | 21,840,383 | 21,866,941 |
| total assets | 542,846,940 | 559,311,698 | 378,856,335 | 146,210,760 | 50,404,162 | 28,323,347 | 29,848,392 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 9,824 | 8,222 | 6,668 | 6,669 | 3,124 | 0 | 3,749 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 2,140,623 | 3,038,631 | 2,368,573 | 1,069,150 | 710,535 | 207,510 | 173,914 |
| total current liabilities | 2,150,447 | 3,046,853 | 2,375,241 | 1,075,819 | 713,659 | 207,510 | 177,663 |
| loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 2,150,447 | 3,046,853 | 2,375,241 | 1,075,819 | 713,659 | 207,510 | 177,663 |
| net assets | 540,696,493 | 556,264,845 | 376,481,094 | 145,134,941 | 49,690,503 | 28,115,837 | 29,670,729 |
| total shareholders funds | 540,696,493 | 556,264,845 | 376,481,094 | 145,134,941 | 49,690,503 | 28,115,837 | 29,670,729 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Operating Profit | |||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -323,972 | 797,349 | -5,317,692 | 400,641 | 369,468 | -101,235 | 4,695,294 |
| Creditors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | -898,008 | 670,058 | 1,299,423 | 358,615 | 503,025 | 33,596 | 173,914 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||
| Investing Activities | |||||||
| capital expenditure | 0 | ||||||
| Change in Investments | 46,897,369 | 253,999,727 | 100,068,144 | 50,281,782 | 23,929,529 | -1,498,487 | 7,981,451 |
| cash flow from investments | -7,981,451 | ||||||
| Financing Activities | |||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,602 | 1,554 | -1 | 3,545 | 3,124 | -3,749 | 3,749 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -3,565,028 | 208,170,524 | 247,537,443 | 105,129,170 | 25,460,915 | -171,233 | 30,052,290 |
| cash and cash equivalents | |||||||
| cash | -63,038,155 | -74,341,713 | 137,895,123 | 45,124,175 | -2,195,628 | 52,123 | 17,171,647 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,038,155 | -74,341,713 | 137,895,123 | 45,124,175 | -2,195,628 | 52,123 | 17,171,647 |
gore street energy storage fund plc Credit Report and Business Information
Gore Street Energy Storage Fund Plc Competitor Analysis
Perform a competitor analysis for gore street energy storage fund plc by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other large companies, companies in W1W area or any other competitors across 12 key performance metrics.
gore street energy storage fund plc Ownership
GORE STREET ENERGY STORAGE FUND PLC group structure
Gore Street Energy Storage Fund Plc has 1 subsidiary company.
Ultimate parent company
GORE STREET ENERGY STORAGE FUND PLC
11160422
1 subsidiary
gore street energy storage fund plc directors
Gore Street Energy Storage Fund Plc currently has 5 directors. The longest serving directors include Ms Caroline Banszky (Feb 2018) and Mr Malcolm King (Feb 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Caroline Banszky | United Kingdom | 71 years | Feb 2018 | - | Director |
| Mr Malcolm King | 67 years | Feb 2018 | - | Director | |
| Mr Patrick Cox | United Kingdom | 71 years | Feb 2018 | - | Director |
| Mr Thomas Murley | United Kingdom | 67 years | Feb 2018 | - | Director |
| Ms Lisa Scenna | England | 56 years | May 2023 | - | Director |
P&L
March 2024turnover
32.3m
+159%
operating profit
27.9m
0%
gross margin
68%
+4.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
540.7m
-0.03%
total assets
542.8m
-0.03%
cash
60.7m
-0.51%
net assets
Total assets minus all liabilities
gore street energy storage fund plc company details
company number
11160422
Type
Public limited with Share Capital
industry
64301 - Activities of investment trusts
incorporation date
January 2018
age
6
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2024
previous names
N/A
accountant
-
auditor
ERNST & YOUNG LLP
address
first floor, 16-17, little portland street, london, W1W 8BP
Bank
-
Legal Advisor
-
gore street energy storage fund plc 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 gore street energy storage fund plc. Currently there are 2 open charges and 0 have been satisfied in the past.
gore street energy storage fund plc Companies House Filings - See Documents
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