Gilbert-ash Limited

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gilbert-ash limited Company Information

Live

MatureMegaHigh

Company Number

NI002345

Website

http://www.gilbert-ash.com

Registered Address

60 boucher place, belfast, BT12 6HT

Industry

Construction of commercial buildings

Telephone

02890664334

Next Accounts Due

September 2024

Group Structure

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Directors

Gerard Hughes20 Years

Ray Hutchinson20 Years

View All

Shareholders

ards holdings ltd 100%

gilbert-ash limited Estimated Valuation

£137m

Pomanda estimates the enterprise value of GILBERT-ASH LIMITED at £137m based on a Turnover of £262.4m and 0.52x industry multiple (adjusted for size and gross margin).

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Gilbert-ash Limited is a live company located in belfast, BT12 6HT with a Companies House number of NI002345. It operates in the construction of commercial buildings sector, SIC Code 41201. Founded in June 1947, it's largest shareholder is ards holdings ltd with a 100% stake. Gilbert-ash Limited is a mature, mega sized company, Pomanda has estimated its turnover at £262.4m with high growth in recent years.

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Pomanda's financial health check has awarded Gilbert-Ash Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating4.5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £262.4m, make it larger than the average company (£11.5m)

Growth

3 year (CAGR) sales growth of 17%, show it is growing at a faster rate (3.5%)

EXPORT

Gilbert-Ash Limited's latest turnover from December 2022 is £262.4 million and the company has net assets of £28 million. According to their latest financial statements, Gilbert-Ash Limited has 199 employees and maintains cash reserves of £58.1 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	262,437,209	219,293,275	176,156,245	163,089,144	179,425,712	165,547,254	148,003,608	117,327,969	73,091,722	76,227,733	76,450,589	84,332,404	93,976,174	96,355,927
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	247,911,672	198,074,163	156,807,784	149,408,141	164,680,671	156,691,837	140,071,609	112,503,215	69,380,798	73,144,391	78,475,548	80,387,691	89,963,878	92,526,662
Gross Profit	14,525,537	21,219,112	19,348,461	13,681,003	14,745,041	8,855,417	7,931,999	4,824,754	3,710,924	3,083,342	-2,024,959	3,944,713	4,012,296	3,829,265
Admin Expenses	10,406,251	9,283,435	8,665,942	8,153,425	7,171,978	6,755,198	6,419,101	4,651,965	3,582,271	2,895,662	3,043,804	3,430,765	3,684,080	3,494,357
Operating Profit	4,119,286	11,935,677	10,682,519	5,527,578	7,573,063	2,100,219	1,512,898	172,789	128,653	187,680	-5,068,763	513,948	328,216	334,908
Interest Payable	1,107	1,822	280	546	658	756	1,813	2,198	1,841	1,422	993	1,858	4,447	8,038
Interest Receivable	173,137	21,169	42,561	140,685	89,980	25,656	37,860	29,959	17,241	30,432	140,271	197,039	422,337	797,553
Pre-Tax Profit	4,291,316	11,955,024	10,724,800	5,667,717	7,662,385	2,125,119	1,415,815	200,550	144,053	216,690	-4,929,485	709,129	691,106	1,124,423
Tax	366,251	-2,353,376	-1,358,157	-46,995	-1,335,520	-365,560	486,777	-109,580	-10,688	-158,060	1,045,235	-168,024	-263,908	-308,067
Profit After Tax	4,657,567	9,601,648	9,366,643	5,620,722	6,326,865	1,759,559	1,902,592	90,970	133,365	58,630	-3,884,250	541,105	427,198	816,356
Dividends Paid	3,780,000	6,480,000	9,180,000	180,000	180,000	0	0	0	0	0	0	200,000	400,000	600,000
Retained Profit	877,567	3,121,648	186,643	5,440,722	6,146,865	1,759,559	1,902,592	90,970	133,365	58,630	-3,884,250	341,105	27,198	216,356
Employee Costs	15,488,497	14,701,396	12,444,149	12,078,170	11,107,303	9,632,661	9,582,039	6,713,618	4,827,162	4,165,954	4,140,258	4,716,560	5,160,990	5,654,252
Number Of Employees	199	189	174	174	177	174	175	153	119	110	112	123	129	140
EBITDA*	4,699,283	12,510,281	11,426,807	5,539,392	7,589,639	2,122,282	1,542,850	214,263	182,306	252,934	-4,983,430	608,651	423,676	441,185

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	4,141,258	4,725,482	5,307,255	4,141,180	1,176,163	1,066,009	1,079,957	1,114,246	1,156,029	1,200,976	1,235,063	3,269,981	3,253,533	3,305,286
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	375,000	375,000	0	0	0	0	135,250	161,250	161,250	161,250	195,000	195,000	250,000
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	4,141,258	5,100,482	5,682,255	4,141,180	1,176,163	1,066,009	1,079,957	1,249,496	1,317,279	1,362,226	1,396,313	3,464,981	3,448,533	3,555,286
Stock & work in progress	0	0	0	19,600	25,712	38,539	61,856	27,710	35,058	48,770	60,092	75,932	92,026	120,841
Trade Debtors	35,110,880	23,264,471	10,942,190	13,287,218	12,178,753	23,210,338	18,883,115	13,119,488	10,436,932	8,530,707	4,193,868	9,257,312	8,227,993	9,444,186
Group Debtors	4,276,766	3,645,980	3,376,094	2,948,831	4,226,351	2,054,423	1,504,814	1,352,795	1,293,847	1,138,233	3,645,749	3,140,297	2,643,443	2,084,757
Misc Debtors	896,910	498,963	414,074	1,860,745	570,284	249,644	1,196,658	654,825	747,543	811,171	1,507,566	143,248	146,590	1,125,068
Cash	58,102,453	61,835,119	55,298,910	47,549,879	40,693,246	28,109,230	17,881,353	15,037,825	10,383,810	9,046,017	10,071,932	15,471,182	17,885,765	19,397,765
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	98,387,009	89,244,533	70,031,268	65,666,273	57,694,346	53,662,174	39,527,796	30,192,643	22,897,190	19,574,898	19,479,207	28,087,971	28,995,817	32,172,617
total assets	102,528,267	94,345,015	75,713,523	69,807,453	58,870,509	54,728,183	40,607,753	31,442,139	24,214,469	20,937,124	20,875,520	31,552,952	32,444,350	35,727,903
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	15,224,583	11,245,120	13,190,846	7,585,993	7,198,229	7,176,243	7,677,655	6,919,665	4,193,140	4,091,349	3,504,580	2,034,676	2,005,876	1,942,668
Group/Directors Accounts	0	0	0	0	33,050	33,050	33,050	33,050	33,050	33,050	2,697,495	3,827,105	1,847,794	1,813,737
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	1,401	2,983	7,668	7,135	6,602	4,724	5,304	4,941	22,757	89,012
other current liabilities	58,610,022	55,218,959	37,971,668	38,153,975	33,019,908	35,048,533	22,178,582	15,610,723	11,193,946	8,155,379	6,086,412	11,259,243	14,470,176	17,821,373
total current liabilities	73,834,605	66,464,079	51,162,514	45,739,968	40,252,588	42,260,809	29,896,955	22,570,573	15,426,738	12,284,502	12,293,791	17,125,965	18,346,603	21,666,790
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	1,401	4,384	12,052	19,187	17,443	5,180	10,483	15,425	18,178
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	656,498	721,339	503,071	13,925	5,083	0	0	0	0	0	0	5,705	12,628	439
total long term liabilities	656,498	721,339	503,071	13,925	5,083	1,401	4,384	12,052	19,187	17,443	5,180	16,188	28,053	18,617
total liabilities	74,491,103	67,185,418	51,665,585	45,753,893	40,257,671	42,262,210	29,901,339	22,582,625	15,445,925	12,301,945	12,298,971	17,142,153	18,374,656	21,685,407
net assets	28,037,164	27,159,597	24,047,938	24,053,560	18,612,838	12,465,973	10,706,414	8,859,514	8,768,544	8,635,179	8,576,549	14,410,799	14,069,694	14,042,496
total shareholders funds	28,037,164	27,159,597	24,047,938	24,053,560	18,612,838	12,465,973	10,706,414	8,859,514	8,768,544	8,635,179	8,576,549	14,410,799	14,069,694	14,042,496

	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	4,119,286	11,935,677	10,682,519	5,527,578	7,573,063	2,100,219	1,512,898	172,789	128,653	187,680	-5,068,763	513,948	328,216	334,908
Depreciation	579,997	574,604	744,288	11,814	16,576	22,063	29,952	41,474	53,653	65,254	85,333	94,703	95,460	106,277
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	366,251	-2,353,376	-1,358,157	-46,995	-1,335,520	-365,560	486,777	-109,580	-10,688	-158,060	1,045,235	-168,024	-263,908	-308,067
Stock	0	0	-19,600	-6,112	-12,827	-23,317	34,146	-7,348	-13,712	-11,322	-15,840	-16,094	-28,815	120,841
Debtors	12,875,142	12,677,056	-3,364,436	1,121,406	-8,539,017	3,929,818	6,457,479	2,648,786	1,998,211	1,132,928	-3,193,674	1,522,831	-1,635,985	12,654,011
Creditors	3,979,463	-1,945,726	5,604,853	387,764	21,986	-501,412	757,990	2,726,525	101,791	586,769	1,469,904	28,800	63,208	1,942,668
Accruals and Deferred Income	3,391,063	17,247,291	-182,307	5,134,067	-2,028,625	12,869,951	6,567,859	4,416,777	3,038,567	2,068,967	-5,172,831	-3,210,933	-3,351,197	17,821,373
Deferred Taxes & Provisions	-64,841	218,268	489,146	8,842	5,083	0	0	0	0	0	-5,705	-6,923	12,189	439
Cash flow from operations	-503,923	12,999,682	19,364,378	9,907,776	12,804,407	10,218,760	2,863,851	4,606,547	1,327,477	1,629,004	-4,437,313	-4,255,166	-1,451,232	7,122,746
Investing Activities
capital expenditure	4,227	7,169	-1,910,363	-2,976,831	-126,730	-8,115	4,337	309	-8,706	-31,167	1,949,585	-111,151	-43,707	-3,411,563
Change in Investments	-375,000	0	375,000	0	0	0	-135,250	-26,000	0	0	-33,750	0	-55,000	250,000
cash flow from investments	379,227	7,169	-2,285,363	-2,976,831	-126,730	-8,115	139,587	26,309	-8,706	-31,167	1,983,335	-111,151	11,293	-3,661,563
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-33,050	0	0	0	0	0	-2,664,445	-1,129,610	1,979,311	34,057	1,813,737
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	-1,401	-2,983	-7,668	-7,135	-6,602	3,622	11,683	-4,940	-22,758	-69,008	107,190
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	-9,989	-192,265	0	0	0	-55,692	0	0	0	-1,950,000	0	0	13,826,140
interest	172,030	19,347	42,281	140,139	89,322	24,900	36,047	27,761	15,400	29,010	139,278	195,181	417,890	789,515
cash flow from financing	172,030	9,358	-149,984	105,688	86,339	17,232	-26,780	21,159	19,022	-2,623,752	-2,945,272	2,151,734	382,939	16,536,582
cash and cash equivalents
cash	-3,732,666	6,536,209	7,749,031	6,856,633	12,584,016	10,227,877	2,843,528	4,654,015	1,337,793	-1,025,915	-5,399,250	-2,414,583	-1,512,000	19,397,765
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-3,732,666	6,536,209	7,749,031	6,856,633	12,584,016	10,227,877	2,843,528	4,654,015	1,337,793	-1,025,915	-5,399,250	-2,414,583	-1,512,000	19,397,765

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GILBERT-ASH LIMITED group structure

Gilbert-Ash Limited has no subsidiary companies.

Ultimate parent company

GILBERT-ASH HOLDINGS LIMITED

NI653961

ARDS HOLDINGS LIMITED

NI009882

2 parents

GILBERT-ASH LIMITED

NI002345

GILBERT-ASH LIMITED Shareholders

ards holdings ltd

100%

Gilbert-Ash Limited currently has 6 directors. The longest serving directors include Mr Gerard Hughes (Aug 2003) and Mr Ray Hutchinson (Dec 2003).

officer	country	age	start	end	role
Mr Gerard Hughes	Northern Ireland	62 years	Aug 2003	-	Director
Mr Ray Hutchinson	Northern Ireland	52 years	Dec 2003	-	Director
Mr Raymond Gilroy	Northern Ireland	58 years	Apr 2005	-	Director
Mr Mark Nutt	Northern Ireland	55 years	May 2008	-	Director
Mr Sean Moore	Northern Ireland	54 years	Apr 2014	-	Director
Mr Finbarr McMeel	Northern Ireland	49 years	Apr 2014	-	Director

P&L

December 2022

turnover

262.4m

+20%

operating profit

4.1m

-65%

gross margin

5.6%

-42.8%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2022

net assets

28m

+0.03%

total assets

102.5m

+0.09%

cash

58.1m

-0.06%

net assets

Total assets minus all liabilities

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company number

NI002345

Type

Private limited with Share Capital

industry

41201 - Construction of commercial buildings

incorporation date

June 1947

age

accounts

Full Accounts

ultimate parent company

GILBERT-ASH HOLDINGS LIMITED

previous names

gilbert-ash n.i. limited (April 2012)

incorporated

address

60 boucher place, belfast, BT12 6HT

last accounts submitted

December 2022

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 23 charges/mortgages relating to gilbert-ash limited. Currently there are 17 open charges and 6 have been satisfied in the past.

gilbert-ash limited Company Information

gilbert-ash limited Estimated Valuation

gilbert-ash limited Estimated Valuation

gilbert-ash limited Estimated Valuation

Gilbert-ash Limited Overview

Gilbert-ash Limited Health Check

GILBERT-ASH LIMITED financials

gilbert-ash limited Credit Report and Business Information

Gilbert-ash Limited Competitor Analysis

gilbert-ash limited Ownership

gilbert-ash limited directors

gilbert-ash limited company details

gilbert-ash limited Charges & Mortgages

gilbert-ash limited Companies House Filings - See Documents