gardiner brothers (belfast) limited
gardiner brothers (belfast) limited Company Information
Company Number
NI001187
Website
www.gardinerbrothers.co.ukRegistered Address
44-46 waring street, belfast, BT1 2ED
Industry
Wholesale of watches and jewellery
Telephone
02890234271
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
jill warke 25.1%
wendy hunter 24.9%
View Allgardiner brothers (belfast) limited Estimated Valuation
Pomanda estimates the enterprise value of GARDINER BROTHERS (BELFAST) LIMITED at £826.2k based on a Turnover of £3.3m and 0.25x industry multiple (adjusted for size and gross margin).
gardiner brothers (belfast) limited Estimated Valuation
Pomanda estimates the enterprise value of GARDINER BROTHERS (BELFAST) LIMITED at £1.2m based on an EBITDA of £404.9k and a 2.94x industry multiple (adjusted for size and gross margin).
gardiner brothers (belfast) limited Estimated Valuation
Pomanda estimates the enterprise value of GARDINER BROTHERS (BELFAST) LIMITED at £1.6m based on Net Assets of £1.2m and 1.28x industry multiple (adjusted for liquidity).
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Gardiner Brothers (belfast) Limited Overview
Gardiner Brothers (belfast) Limited is a live company located in belfast, BT1 2ED with a Companies House number of NI001187. It operates in the wholesale of watches and jewellery sector, SIC Code 46480. Founded in October 1937, it's largest shareholder is jill warke with a 25.1% stake. Gardiner Brothers (belfast) Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.3m with high growth in recent years.
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Gardiner Brothers (belfast) Limited Health Check
Pomanda's financial health check has awarded Gardiner Brothers (Belfast) Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
3 Regular
4 Weak
Size
annual sales of £3.3m, make it smaller than the average company (£14.2m)
- Gardiner Brothers (belfast) Limited
£14.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 28%, show it is growing at a faster rate (4.9%)
- Gardiner Brothers (belfast) Limited
4.9% - Industry AVG
Production
with a gross margin of 33.9%, this company has a comparable cost of product (33.9%)
- Gardiner Brothers (belfast) Limited
33.9% - Industry AVG
Profitability
an operating margin of 11.6% make it more profitable than the average company (4.9%)
- Gardiner Brothers (belfast) Limited
4.9% - Industry AVG
Employees
with 11 employees, this is below the industry average (34)
11 - Gardiner Brothers (belfast) Limited
34 - Industry AVG
Pay Structure
on an average salary of £48.8k, the company has an equivalent pay structure (£48.8k)
- Gardiner Brothers (belfast) Limited
£48.8k - Industry AVG
Efficiency
resulting in sales per employee of £298.3k, this is less efficient (£431.1k)
- Gardiner Brothers (belfast) Limited
£431.1k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Gardiner Brothers (belfast) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 35 days, this is slower than average (21 days)
- Gardiner Brothers (belfast) Limited
21 days - Industry AVG
Stock Days
it holds stock equivalent to 225 days, this is more than average (135 days)
- Gardiner Brothers (belfast) Limited
135 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 16 weeks, this is average cash available to meet short term requirements (18 weeks)
16 weeks - Gardiner Brothers (belfast) Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.6%, this is a lower level of debt than the average (55.4%)
33.6% - Gardiner Brothers (belfast) Limited
55.4% - Industry AVG
GARDINER BROTHERS (BELFAST) LIMITED financials
Gardiner Brothers (Belfast) Limited's latest turnover from March 2023 is estimated at £3.3 million and the company has net assets of £1.2 million. According to their latest financial statements, Gardiner Brothers (Belfast) Limited has 11 employees and maintains cash reserves of £159.9 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 11 | 11 | 11 | 12 | 12 | 13 | 15 | |||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 358,900 | 276,607 | 296,334 | 318,423 | 353,841 | 153,893 | 125,526 | 138,692 | 154,490 | 173,727 | 153,560 | 145,859 | 145,911 | 165,779 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 358,900 | 276,607 | 296,334 | 318,423 | 353,841 | 153,893 | 125,526 | 138,692 | 154,490 | 173,727 | 153,560 | 145,859 | 145,911 | 165,779 |
| Stock & work in progress | 1,339,893 | 1,033,926 | 937,571 | 908,323 | 858,745 | 872,024 | 780,185 | 822,749 | 832,487 | 865,636 | 866,247 | 838,059 | 904,615 | 845,279 |
| Trade Debtors | 0 | 0 | 11,720 | 5,630 | 3,355 | 0 | 0 | 0 | 9,912 | 13,229 | 12,856 | 17,099 | 16,226 | 12,979 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 7,829 | 0 | 0 | 0 | 0 | 12,164 | 17,451 | 17,898 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 159,863 | 263,090 | 159,592 | 8,151 | 43,817 | 33,463 | 40,650 | 21 | 25,133 | 12,036 | 19,288 | 659 | 14,541 | 34,407 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,507,585 | 1,297,016 | 1,108,883 | 922,104 | 905,917 | 917,651 | 838,286 | 840,668 | 867,532 | 890,901 | 898,391 | 855,817 | 935,382 | 892,665 |
| total assets | 1,866,485 | 1,573,623 | 1,405,217 | 1,240,527 | 1,259,758 | 1,071,544 | 963,812 | 979,360 | 1,022,022 | 1,064,628 | 1,051,951 | 1,001,676 | 1,081,293 | 1,058,444 |
| Bank overdraft | 28,247 | 25,730 | 469,451 | 585,907 | 0 | 0 | 0 | 17,576 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 36,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 209,938 | 153,151 | 0 | 0 | 614,105 | 70,180 | 70,651 | 87,132 | 475,445 | 437,229 | 364,984 | 341,721 | 365,212 | 279,964 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 34,463 | 52,075 | 1,575 | 0 | 0 | 0 | 0 | 0 | 17,091 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 5,438 | 7,250 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 257,941 | 323,297 | 0 | 0 | 0 | 463,876 | 300,971 | 353,402 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 496,126 | 502,178 | 469,451 | 585,907 | 614,105 | 604,526 | 429,135 | 466,935 | 475,445 | 437,229 | 364,984 | 341,721 | 365,212 | 297,055 |
| loans | 94,343 | 117,604 | 225,097 | 162,249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,437 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 182,718 | 0 | 0 | 0 | 12,687 | 19,938 | 0 | 0 | 7,099 | 18,728 |
| provisions | 35,886 | 18,394 | 25,254 | 0 | 0 | 12,845 | 13,242 | 0 | 14,138 | 14,586 | 16,671 | 15,482 | 19,468 | 24,184 |
| total long term liabilities | 130,229 | 135,998 | 250,351 | 162,249 | 182,718 | 12,845 | 13,242 | 5,437 | 26,825 | 34,524 | 16,671 | 15,482 | 26,567 | 42,912 |
| total liabilities | 626,355 | 638,176 | 719,802 | 748,156 | 796,823 | 617,371 | 442,377 | 472,372 | 502,270 | 471,753 | 381,655 | 357,203 | 391,779 | 339,967 |
| net assets | 1,240,130 | 935,447 | 685,415 | 492,371 | 462,935 | 454,173 | 521,435 | 506,988 | 519,752 | 592,875 | 670,296 | 644,473 | 689,514 | 718,477 |
| total shareholders funds | 1,240,130 | 935,447 | 685,415 | 492,371 | 462,935 | 454,173 | 521,435 | 506,988 | 519,752 | 592,875 | 670,296 | 644,473 | 689,514 | 718,477 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jan 2013 | Jan 2012 | Jan 2011 | Jan 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 24,132 | 27,233 | 34,958 | 41,215 | 14,899 | 6,762 | 14,034 | 15,798 | 19,954 | 16,611 | 17,382 | 19,337 | 24,620 | 26,191 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||||||
| Stock | 305,967 | 96,355 | 29,248 | 49,578 | -13,279 | 91,839 | -42,564 | -9,738 | -33,149 | -611 | 28,188 | -66,556 | 59,336 | 845,279 |
| Debtors | 7,829 | -11,720 | 6,090 | 2,275 | -8,809 | -5,287 | -447 | 7,986 | -3,317 | 373 | -4,243 | 873 | 3,247 | 12,979 |
| Creditors | 56,787 | 153,151 | 0 | -614,105 | 543,925 | -471 | -16,481 | -388,313 | 38,216 | 72,245 | 23,263 | -23,491 | 85,248 | 279,964 |
| Accruals and Deferred Income | -65,356 | 323,297 | 0 | 0 | -463,876 | 162,905 | -52,431 | 353,402 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 17,492 | -6,860 | 25,254 | 0 | -12,845 | -397 | 13,242 | -14,138 | -448 | -2,085 | 1,189 | -3,986 | -4,716 | 24,184 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | -36,007 | 36,007 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -34,463 | -17,612 | 50,500 | 1,575 | 0 | 0 | 0 | 0 | -17,091 | 17,091 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -23,261 | -107,493 | 62,848 | 162,249 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -5,438 | -7,249 | 12,687 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | -182,718 | 182,718 | 0 | 0 | -12,687 | -7,251 | 19,938 | 0 | -7,099 | -11,629 | 18,728 |
| share issue | ||||||||||||||
| interest | ||||||||||||||
| cash flow from financing | ||||||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | -103,227 | 103,498 | 151,441 | -35,666 | 10,354 | -7,187 | 40,629 | -25,112 | 13,097 | -7,252 | 18,629 | -13,882 | -19,866 | 34,407 |
| overdraft | 2,517 | -443,721 | -116,456 | 585,907 | 0 | 0 | -17,576 | 17,576 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -105,744 | 547,219 | 267,897 | -621,573 | 10,354 | -7,187 | 58,205 | -42,688 | 13,097 | -7,252 | 18,629 | -13,882 | -19,866 | 34,407 |
gardiner brothers (belfast) limited Credit Report and Business Information
Gardiner Brothers (belfast) Limited Competitor Analysis
Perform a competitor analysis for gardiner brothers (belfast) limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gardiner brothers (belfast) limited Ownership
GARDINER BROTHERS (BELFAST) LIMITED group structure
Gardiner Brothers (Belfast) Limited has no subsidiary companies.
Ultimate parent company
GARDINER BROTHERS (BELFAST) LIMITED
NI001187
gardiner brothers (belfast) limited directors
Gardiner Brothers (Belfast) Limited currently has 5 directors. The longest serving directors include Mr Thomas Gardiner (Jan 1961) and Ms Eileen Hunter (Jun 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Gardiner | 86 years | Jan 1961 | - | Director | |
| Ms Eileen Hunter | 60 years | Jun 1999 | - | Director | |
| Ms Deborah Warke | 58 years | Jun 1999 | - | Director | |
| Mr Michael Warke | Northern Ireland | 34 years | Jun 2018 | - | Director |
| Mr Iain Warke | Northern Ireland | 30 years | Jun 2018 | - | Director |
P&L
March 2023turnover
3.3m
+38%
operating profit
380.8k
0%
gross margin
34%
+0.45%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
1.2m
+0.33%
total assets
1.9m
+0.19%
cash
159.9k
-0.39%
net assets
Total assets minus all liabilities
Similar Companies
gardiner brothers (belfast) limited company details
company number
NI001187
Type
Private limited with Share Capital
industry
46480 - Wholesale of watches and jewellery
incorporation date
October 1937
age
87
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
44-46 waring street, belfast, BT1 2ED
last accounts submitted
March 2023
gardiner brothers (belfast) 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 gardiner brothers (belfast) limited.
gardiner brothers (belfast) limited Companies House Filings - See Documents
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