gelmo limited
gelmo limited Company Information
Company Number
11745107
Next Accounts
Mar 2025
Industry
Development of building projects
Shareholders
kinzie holdings limited
Group Structure
View All
Contact
Registered Address
19 coombehurst close, hadley wood, hertfordhsire, EN4 0JU
Website
-gelmo limited Estimated Valuation
Pomanda estimates the enterprise value of GELMO LIMITED at £3.3m based on a Turnover of £2.4m and 1.37x industry multiple (adjusted for size and gross margin).
gelmo limited Estimated Valuation
Pomanda estimates the enterprise value of GELMO LIMITED at £4.3m based on an EBITDA of £430.8k and a 9.94x industry multiple (adjusted for size and gross margin).
gelmo limited Estimated Valuation
Pomanda estimates the enterprise value of GELMO LIMITED at £0 based on Net Assets of £-834.5k and 1.38x industry multiple (adjusted for liquidity).
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Gelmo Limited Overview
Gelmo Limited is a live company located in hertfordhsire, EN4 0JU with a Companies House number of 11745107. It operates in the development of building projects sector, SIC Code 41100. Founded in December 2018, it's largest shareholder is kinzie holdings limited with a 100% stake. Gelmo Limited is a young, small sized company, Pomanda has estimated its turnover at £2.4m with unknown growth in recent years.
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Gelmo Limited Health Check
Pomanda's financial health check has awarded Gelmo Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
3 Weak
Size
annual sales of £2.4m, make it in line with the average company (£2.2m)
- Gelmo Limited
£2.2m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Gelmo Limited
- - Industry AVG
Production
with a gross margin of 110.2%, this company has a lower cost of product (26.2%)
- Gelmo Limited
26.2% - Industry AVG
Profitability
an operating margin of 17.4% make it more profitable than the average company (7.2%)
- Gelmo Limited
7.2% - Industry AVG
Employees
with 2 employees, this is below the industry average (6)
2 - Gelmo Limited
6 - Industry AVG
Pay Structure
on an average salary of £47.1k, the company has an equivalent pay structure (£47.1k)
- Gelmo Limited
£47.1k - Industry AVG
Efficiency
resulting in sales per employee of £1.2m, this is more efficient (£282.5k)
- Gelmo Limited
£282.5k - Industry AVG
Debtor Days
it gets paid by customers after 116 days, this is later than average (28 days)
- Gelmo Limited
28 days - Industry AVG
Creditor Days
its suppliers are paid after 104 days, this is slower than average (30 days)
- Gelmo Limited
30 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Gelmo Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 14 weeks, this is average cash available to meet short term requirements (13 weeks)
14 weeks - Gelmo Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 108.7%, this is a higher level of debt than the average (73.1%)
108.7% - Gelmo Limited
73.1% - Industry AVG
GELMO LIMITED financials
Gelmo Limited's latest turnover from June 2023 is estimated at £2.4 million and the company has net assets of -£834.5 thousand. According to their latest financial statements, Gelmo Limited has 2 employees and maintains cash reserves of £170 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Turnover | ||||
| Other Income Or Grants | ||||
| Cost Of Sales | ||||
| Gross Profit | 2,665,205 | 2,587,132 | ||
| Admin Expenses | 2,243,434 | 1,888,969 | ||
| Operating Profit | 421,771 | 698,163 | ||
| Interest Payable | 930,484 | 962,711 | ||
| Interest Receivable | 0 | 0 | ||
| Pre-Tax Profit | -508,713 | -264,548 | ||
| Tax | 0 | -34,126 | ||
| Profit After Tax | -508,713 | -298,674 | ||
| Dividends Paid | 0 | 0 | ||
| Retained Profit | -508,713 | -298,674 | ||
| Employee Costs | ||||
| Number Of Employees | 2 | 2 | 2 | |
| EBITDA* | 430,784 | 707,176 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Tangible Assets | 54,079 | 63,092 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Investments & Other | 8,656,438 | 8,656,438 | 8,572,779 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 8,710,517 | 8,719,530 | 8,572,779 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 |
| Trade Debtors | 769,502 | 878,707 | 427,485 | 0 |
| Group Debtors | 0 | 0 | 100 | 0 |
| Misc Debtors | 0 | 0 | 572,828 | 0 |
| Cash | 169,984 | 30,963 | 0 | 100 |
| misc current assets | 0 | 0 | 0 | 0 |
| total current assets | 939,486 | 909,670 | 1,000,413 | 100 |
| total assets | 9,650,003 | 9,629,200 | 9,573,192 | 100 |
| Bank overdraft | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 |
| Trade Creditors | 629,133 | 577,984 | 220,198 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 206,702 | 0 |
| total current liabilities | 629,133 | 577,984 | 426,900 | 0 |
| loans | 0 | 0 | 9,173,397 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 |
| other liabilities | 9,855,362 | 9,376,995 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 |
| total long term liabilities | 9,855,362 | 9,376,995 | 9,173,397 | 0 |
| total liabilities | 10,484,495 | 9,954,979 | 9,600,297 | 0 |
| net assets | -834,492 | -325,779 | -27,105 | 100 |
| total shareholders funds | -834,492 | -325,779 | -27,105 | 100 |
| Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | 421,771 | 698,163 | ||
| Depreciation | 9,013 | 9,013 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 |
| Tax | 0 | -34,126 | ||
| Stock | 0 | 0 | 0 | 0 |
| Debtors | -109,205 | -121,706 | 1,000,413 | 0 |
| Creditors | 51,149 | 357,786 | 220,198 | 0 |
| Accruals and Deferred Income | 0 | -206,702 | 206,702 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 |
| Cash flow from operations | 591,138 | 945,840 | ||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | 0 | 83,659 | 8,572,779 | 0 |
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 |
| Long term loans | 0 | -9,173,397 | 9,173,397 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 |
| other long term liabilities | 478,367 | 9,376,995 | 0 | 0 |
| share issue | ||||
| interest | -930,484 | -962,711 | ||
| cash flow from financing | -452,117 | -759,113 | ||
| cash and cash equivalents | ||||
| cash | 139,021 | 30,963 | -100 | 100 |
| overdraft | 0 | 0 | 0 | 0 |
| change in cash | 139,021 | 30,963 | -100 | 100 |
gelmo limited Credit Report and Business Information
Gelmo Limited Competitor Analysis
Perform a competitor analysis for gelmo limited by selecting its closest rivals, whether from the CONSTRUCTION sector, other small companies, companies in EN4 area or any other competitors across 12 key performance metrics.
gelmo limited Ownership
GELMO LIMITED group structure
Gelmo Limited has no subsidiary companies.
Ultimate parent company
KINZIE HOLDINGS LTD
#0124072
1 parent
GELMO LIMITED
11745107
gelmo limited directors
Gelmo Limited currently has 3 directors. The longest serving directors include Mr Luke Comer (Feb 2020) and Mr Barry Comer (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luke Comer | Monaco | 67 years | Feb 2020 | - | Director |
| Mr Barry Comer | England | 40 years | Feb 2020 | - | Director |
| Mr Barry Comer | England | 40 years | Feb 2020 | - | Director |
P&L
June 2023turnover
2.4m
-1%
operating profit
421.8k
-40%
gross margin
110.2%
+4.41%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
-834.5k
+1.56%
total assets
9.7m
0%
cash
170k
+4.49%
net assets
Total assets minus all liabilities
gelmo limited company details
company number
11745107
Type
Private limited with Share Capital
industry
41100 - Development of building projects
incorporation date
December 2018
age
7
incorporated
UK
ultimate parent company
accounts
Audited Abridged
last accounts submitted
June 2023
previous names
N/A
accountant
-
auditor
THOMAS FOX & CO.
address
19 coombehurst close, hadley wood, hertfordhsire, EN4 0JU
Bank
-
Legal Advisor
-
gelmo 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 did not find charges/mortgages relating to gelmo limited.
gelmo 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 GELMO LIMITED. This can take several minutes, an email will notify you when this has completed.
gelmo limited Companies House Filings - See Documents
| date | description | view/download |
|---|
