global commercial services group ltd
global commercial services group ltd Company Information
Company Number
11735631
Website
http://www.solutions.comRegistered Address
1 abbey wood road, kings hill, west malling, kent, ME19 4YT
Industry
Activities of other holding companies (not including agricultural, production, construction, distribution and financial services holding companies) n.e.c.
Telephone
03000415782
Next Accounts Due
December 2025
Group Structure
View All
Shareholders
kent county council 100%
global commercial services group ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOBAL COMMERCIAL SERVICES GROUP LTD at £397m based on a Turnover of £174.5m and 2.27x industry multiple (adjusted for size and gross margin).
global commercial services group ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOBAL COMMERCIAL SERVICES GROUP LTD at £52.5m based on an EBITDA of £6m and a 8.71x industry multiple (adjusted for size and gross margin).
global commercial services group ltd Estimated Valuation
Pomanda estimates the enterprise value of GLOBAL COMMERCIAL SERVICES GROUP LTD at £31.6m based on Net Assets of £17m and 1.86x industry multiple (adjusted for liquidity).
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Global Commercial Services Group Ltd Overview
Global Commercial Services Group Ltd is a live company located in west malling, ME19 4YT with a Companies House number of 11735631. It operates in the activities of other holding companies n.e.c. sector, SIC Code 64209. Founded in December 2018, it's largest shareholder is kent county council with a 100% stake. Global Commercial Services Group Ltd is a young, mega sized company, Pomanda has estimated its turnover at £174.5m with healthy growth in recent years.
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Global Commercial Services Group Ltd Health Check
Pomanda's financial health check has awarded Global Commercial Services Group Ltd a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
2 Regular
5 Weak
Size
annual sales of £174.5m, make it larger than the average company (£19.9m)
£174.5m - Global Commercial Services Group Ltd
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of 13%, show it is growing at a similar rate (11.6%)
13% - Global Commercial Services Group Ltd
11.6% - Industry AVG
Production
with a gross margin of 25.3%, this company has a higher cost of product (34.9%)
25.3% - Global Commercial Services Group Ltd
34.9% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (4.8%)
2% - Global Commercial Services Group Ltd
4.8% - Industry AVG
Employees
with 1915 employees, this is above the industry average (108)
1915 - Global Commercial Services Group Ltd
108 - Industry AVG
Pay Structure
on an average salary of £44.2k, the company has an equivalent pay structure (£44.9k)
£44.2k - Global Commercial Services Group Ltd
£44.9k - Industry AVG
Efficiency
resulting in sales per employee of £91.1k, this is less efficient (£195.4k)
£91.1k - Global Commercial Services Group Ltd
£195.4k - Industry AVG
Debtor Days
it gets paid by customers after 12 days, this is earlier than average (44 days)
12 days - Global Commercial Services Group Ltd
44 days - Industry AVG
Creditor Days
its suppliers are paid after 8 days, this is quicker than average (43 days)
8 days - Global Commercial Services Group Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 13 days, this is less than average (35 days)
13 days - Global Commercial Services Group Ltd
35 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is more cash available to meet short term requirements (14 weeks)
20 weeks - Global Commercial Services Group Ltd
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 77.4%, this is a higher level of debt than the average (68.6%)
77.4% - Global Commercial Services Group Ltd
68.6% - Industry AVG
GLOBAL COMMERCIAL SERVICES GROUP LTD financials
Global Commercial Services Group Ltd's latest turnover from March 2024 is £174.5 million and the company has net assets of £17 million. According to their latest financial statements, Global Commercial Services Group Ltd has 1,915 employees and maintains cash reserves of £16 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Turnover | 174,541,000 | 175,762,000 | 138,399,000 | 122,147,000 | 116,830,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 130,391,000 | 137,912,000 | 104,367,000 | 92,934,000 | 87,051,000 |
| Gross Profit | 44,150,000 | 37,850,000 | 34,032,000 | 29,213,000 | 29,779,000 |
| Admin Expenses | 40,736,000 | 35,178,000 | 30,062,000 | 25,188,000 | 25,763,000 |
| Operating Profit | 3,414,000 | 2,672,000 | 3,970,000 | 4,025,000 | 4,016,000 |
| Interest Payable | 326,000 | 145,000 | 152,000 | 376,000 | 331,000 |
| Interest Receivable | 398,000 | 16,000 | 19,000 | 17,000 | 13,000 |
| Pre-Tax Profit | 4,237,000 | 3,088,000 | 4,166,000 | 3,842,000 | 3,699,000 |
| Tax | -473,000 | -510,000 | -845,000 | -791,000 | -655,000 |
| Profit After Tax | 3,764,000 | 2,578,000 | 3,321,000 | 3,051,000 | 3,044,000 |
| Dividends Paid | 3,100,000 | 1,150,000 | 950,000 | 1,543,000 | 2,580,000 |
| Retained Profit | 664,000 | 1,428,000 | 2,371,000 | 1,508,000 | 464,000 |
| Employee Costs | 84,562,000 | 85,182,000 | 73,590,000 | 67,023,000 | 64,092,000 |
| Number Of Employees | 1,915 | 1,994 | 2,002 | 2,000 | 1,800 |
| EBITDA* | 6,023,000 | 4,895,000 | 5,581,000 | 5,820,000 | 4,016,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Tangible Assets | 15,225,000 | 15,834,000 | 15,199,000 | 4,197,000 | 4,427,000 |
| Intangible Assets | 9,422,000 | 8,029,000 | 8,679,000 | 4,535,000 | 4,982,000 |
| Investments & Other | 821,000 | 574,000 | 329,000 | 177,000 | 1,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 25,468,000 | 24,437,000 | 24,207,000 | 8,909,000 | 9,410,000 |
| Stock & work in progress | 4,721,000 | 398,000 | 283,000 | 763,000 | 572,000 |
| Trade Debtors | 5,771,000 | 9,142,000 | 9,932,000 | 9,936,000 | 7,042,000 |
| Group Debtors | 6,396,000 | 3,442,000 | 5,978,000 | 4,891,000 | 6,063,000 |
| Misc Debtors | 13,144,000 | 12,358,000 | 12,976,000 | 10,561,000 | 8,505,000 |
| Cash | 16,003,000 | 24,278,000 | 19,250,000 | 18,978,000 | 23,806,000 |
| misc current assets | 3,500,000 | 0 | 0 | 0 | 0 |
| total current assets | 49,535,000 | 49,618,000 | 48,419,000 | 45,129,000 | 45,988,000 |
| total assets | 75,003,000 | 74,055,000 | 72,626,000 | 54,038,000 | 55,398,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 3,181,000 | 2,195,000 | 3,540,000 | 3,250,000 | 1,361,000 |
| Group/Directors Accounts | 13,720,000 | 2,888,000 | 1,093,000 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 4,000 | 13,000 | 13,000 | 15,000 |
| other current liabilities | 23,953,000 | 32,762,000 | 34,257,000 | 32,095,000 | 32,413,000 |
| total current liabilities | 40,854,000 | 37,849,000 | 38,903,000 | 35,358,000 | 33,789,000 |
| loans | 1,970,000 | 4,170,000 | 3,850,000 | 5,150,000 | 9,595,000 |
| hp & lease commitments | 0 | 0 | 4,000 | 17,000 | 30,000 |
| Accruals and Deferred Income | 14,461,000 | 14,852,000 | 13,992,000 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 171,000 |
| provisions | 768,000 | 898,000 | 1,019,000 | 1,026,000 | 834,000 |
| total long term liabilities | 17,199,000 | 19,920,000 | 18,865,000 | 6,193,000 | 10,630,000 |
| total liabilities | 58,053,000 | 57,769,000 | 57,768,000 | 41,551,000 | 44,419,000 |
| net assets | 16,950,000 | 16,286,000 | 14,858,000 | 12,487,000 | 10,979,000 |
| total shareholders funds | 16,950,000 | 16,286,000 | 14,858,000 | 12,487,000 | 10,979,000 |
| Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Operating Profit | 3,414,000 | 2,672,000 | 3,970,000 | 4,025,000 | 4,016,000 |
| Depreciation | 1,111,000 | 971,000 | 530,000 | 600,000 | 0 |
| Amortisation | 1,498,000 | 1,252,000 | 1,081,000 | 1,195,000 | 0 |
| Tax | -473,000 | -510,000 | -845,000 | -791,000 | -655,000 |
| Stock | 4,323,000 | 115,000 | -480,000 | 191,000 | 572,000 |
| Debtors | 369,000 | -3,944,000 | 3,498,000 | 3,778,000 | 21,610,000 |
| Creditors | 986,000 | -1,345,000 | 290,000 | 1,889,000 | 1,361,000 |
| Accruals and Deferred Income | -9,200,000 | -635,000 | 16,154,000 | -318,000 | 32,413,000 |
| Deferred Taxes & Provisions | -130,000 | -121,000 | -7,000 | 192,000 | 834,000 |
| Cash flow from operations | -7,486,000 | 6,113,000 | 18,155,000 | 2,823,000 | 15,787,000 |
| Investing Activities | |||||
| capital expenditure | 0 | 0 | 0 | 0 | |
| Change in Investments | 247,000 | 245,000 | 152,000 | 176,000 | 1,000 |
| cash flow from investments | -247,000 | -245,000 | -152,000 | -176,000 | |
| Financing Activities | |||||
| Bank loans | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 10,832,000 | 1,795,000 | 1,093,000 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -2,200,000 | 320,000 | -1,300,000 | -4,445,000 | 9,595,000 |
| Hire Purchase and Lease Commitments | -4,000 | -13,000 | -13,000 | -15,000 | 45,000 |
| other long term liabilities | 0 | 0 | 0 | -171,000 | 171,000 |
| share issue | |||||
| interest | 72,000 | -129,000 | -133,000 | -359,000 | -318,000 |
| cash flow from financing | 8,700,000 | 1,973,000 | -353,000 | -4,990,000 | 20,008,000 |
| cash and cash equivalents | |||||
| cash | -8,275,000 | 5,028,000 | 272,000 | -4,828,000 | 23,806,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 |
| change in cash | -8,275,000 | 5,028,000 | 272,000 | -4,828,000 | 23,806,000 |
global commercial services group ltd Credit Report and Business Information
Global Commercial Services Group Ltd Competitor Analysis
Perform a competitor analysis for global commercial services group ltd by selecting its closest rivals, whether from the FINANCIAL AND INSURANCE ACTIVITIES sector, other mega companies, companies in ME19 area or any other competitors across 12 key performance metrics.
global commercial services group ltd Ownership
GLOBAL COMMERCIAL SERVICES GROUP LTD group structure
Global Commercial Services Group Ltd has 5 subsidiary companies.
Ultimate parent company
KENT COUNTY COUNCIL
#0064918
1 parent
GLOBAL COMMERCIAL SERVICES GROUP LTD
11735631
5 subsidiaries
global commercial services group ltd directors
Global Commercial Services Group Ltd currently has 9 directors. The longest serving directors include Mr David Whittle (Jan 2020) and Mr Alexander Robinson (Jan 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr David Whittle | England | 46 years | Jan 2020 | - | Director |
| Mr Alexander Robinson | England | 55 years | Jan 2020 | - | Director |
| Mr Marcus Yarham | England | 50 years | Jan 2021 | - | Director |
| Mr Robin Dargue | England | 57 years | Mar 2021 | - | Director |
| Ms Ceri Richards | England | 65 years | Aug 2021 | - | Director |
| Mr Philip Dearing | England | 74 years | Nov 2021 | - | Director |
| Mr Matthew Johnson | England | 39 years | Sep 2022 | - | Director |
| Mr Simon Pleace | England | 52 years | Oct 2022 | - | Director |
| Mr Robert Boyles | England | 55 years | Sep 2023 | - | Director |
P&L
March 2024turnover
174.5m
-1%
operating profit
3.4m
+28%
gross margin
25.3%
+17.46%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
17m
+0.04%
total assets
75m
+0.01%
cash
16m
-0.34%
net assets
Total assets minus all liabilities
global commercial services group ltd company details
company number
11735631
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
December 2018
age
6
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
kent holdco ltd (May 2023)
accountant
-
auditor
UHY HACKER YOUNG
address
1 abbey wood road, kings hill, west malling, kent, ME19 4YT
Bank
-
Legal Advisor
-
global commercial services group 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 global commercial services group ltd.
global commercial services group ltd Companies House Filings - See Documents
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