Geoff Castles Boiler Services Limited

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geoff castles boiler services limited Company Information

Live

MatureMidHigh

Company Number

NI029781

Website

www.geoffcastles.co.uk

Registered Address

97a belfast road, carrickfergus, bt38 7bx, BT38 8BX

Industry

Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

Telephone

02893368949

Next Accounts Due

September 2024

Group Structure

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Directors

Gary Castles28 Years

Geraldine Castles7 Years

View All

Shareholders

gary trevor castles 100%

geoff castles boiler services limited Estimated Valuation

£8.5m

Pomanda estimates the enterprise value of GEOFF CASTLES BOILER SERVICES LIMITED at £8.5m based on Net Assets of £2.7m and 3.18x industry multiple (adjusted for liquidity).

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Geoff Castles Boiler Services Limited is a live company located in bt38 7bx, BT38 8BX with a Companies House number of NI029781. It operates in the other engineering activities sector, SIC Code 71129. Founded in July 1995, it's largest shareholder is gary trevor castles with a 100% stake. Geoff Castles Boiler Services Limited is a mature, mid sized company, Pomanda has estimated its turnover at £9m with high growth in recent years.

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Pomanda's financial health check has awarded Geoff Castles Boiler Services Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 0 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

4 Regular

0 Weak

Size

annual sales of £9m, make it larger than the average company (£4.1m)

Growth

3 year (CAGR) sales growth of 21%, show it is growing at a faster rate (2.5%)

EXPORT

Geoff Castles Boiler Services Limited's latest turnover from December 2022 is estimated at £9 million and the company has net assets of £2.7 million. According to their latest financial statements, Geoff Castles Boiler Services Limited has 53 employees and maintains cash reserves of £829 thousand 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	9,042,307	5,656,038	6,368,521	5,139,119	6,308,162	4,474,792	4,603,551	5,508,919	6,154,554	4,621,838	3,656,240	4,292,051	4,134,158	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,180,416	3,954,102	4,510,088	3,610,012	4,322,419	3,058,316	3,066,142	3,675,189	4,053,016	3,060,309	2,399,817	2,674,720	2,524,137	0
Gross Profit	2,861,891	1,701,936	1,858,433	1,529,107	1,985,743	1,416,476	1,537,409	1,833,729	2,101,538	1,561,529	1,256,424	1,617,331	1,610,022	0
Admin Expenses	2,387,345	1,177,296	1,166,341	1,344,159	1,829,871	1,360,160	1,372,442	1,777,288	2,069,490	1,493,192	1,378,987	1,546,924	1,506,384	-941,993
Operating Profit	474,546	524,640	692,092	184,948	155,872	56,316	164,967	56,441	32,048	68,337	-122,563	70,407	103,638	941,993
Interest Payable	6	4	4	2	0	0	0	0	0	0	0	0	0	0
Interest Receivable	30,573	2,171	622	2,832	2,488	1,928	926	1,299	1,281	1,233	1,136	1,127	1,114	631
Pre-Tax Profit	505,112	526,807	692,710	187,778	158,360	58,243	165,894	57,740	33,329	69,570	-121,427	71,534	104,753	942,624
Tax	-95,971	-100,093	-131,615	-35,678	-30,088	-11,066	-33,179	-11,548	-6,999	-16,001	0	-18,599	-29,331	-263,935
Profit After Tax	409,141	426,714	561,095	152,100	128,272	47,177	132,715	46,192	26,330	53,569	-121,427	52,935	75,422	678,689
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	409,141	426,714	561,095	152,100	128,272	47,177	132,715	46,192	26,330	53,569	-121,427	52,935	75,422	678,689
Employee Costs	2,816,932	2,169,781	1,810,874	1,864,628	1,908,262	1,895,634	1,963,423	2,190,713	2,224,642	1,664,935	1,404,493	1,750,387	1,743,826	0
Number Of Employees	53	42	38	38	38	40	40	45	45	35	31	40	42	0
EBITDA*	637,608	657,188	785,040	263,889	210,287	121,971	238,896	118,869	78,955	124,376	-66,699	132,643	161,187	1,002,422

* 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	372,303	266,516	154,977	132,482	112,340	103,994	130,808	140,619	114,146	77,631	72,848	111,298	116,522	172,467
Intangible Assets	15,000	30,000	45,000	60,000	0	0	0	0	0	0	0	0	0	0
Investments & Other	632,051	577,051	219,992	150,000	130,000	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	1,019,354	873,567	419,969	342,482	242,340	103,994	130,808	140,619	114,146	77,631	72,848	111,298	116,522	172,467
Stock & work in progress	72,850	16,250	18,250	23,000	36,750	31,500	31,500	72,000	74,000	66,000	15,001	19,000	30,000	53,000
Trade Debtors	1,926,382	1,365,559	1,438,235	1,191,922	1,147,121	1,036,915	1,024,472	955,542	1,159,865	887,707	759,542	951,455	890,657	713,725
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	588,565	204,126	221,215	174,548	783,641	188,972	105,436	316,611	7,894	4,036	1,463	24,109	64,426	38,554
Cash	828,969	918,044	819,144	424,852	330,390	333,117	437,895	303,219	216,256	296,252	197,133	257,428	193,479	252,280
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	3,416,766	2,503,979	2,496,844	1,814,322	2,297,902	1,590,504	1,599,303	1,647,372	1,458,015	1,253,995	973,139	1,251,992	1,178,562	1,057,559
total assets	4,436,120	3,377,546	2,916,813	2,156,804	2,540,242	1,694,498	1,730,111	1,787,991	1,572,161	1,331,626	1,045,987	1,363,290	1,295,084	1,230,026
Bank overdraft	68	68	68	68	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	1,311,226	489,665	594,249	504,943	1,100,880	376,049	343,476	626,431	710,525	581,468	359,318	523,295	485,757	447,392
Group/Directors Accounts	0	0	0	0	0	51,729	51,729	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0
other current liabilities	455,857	627,985	489,382	379,774	318,571	266,833	366,270	306,791	0	0	0	0	0	0
total current liabilities	1,767,151	1,117,718	1,083,699	884,785	1,419,451	694,611	761,475	933,222	710,525	581,468	359,318	523,295	485,757	447,392
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	77,308	0	0	0	0	0
other liabilities	0	0	0	0	872	8,283	24,209	43,057	18,808	10,968	0	26,779	52,337	93,958
provisions	0	0	0	0	0	0	0	0	0	0	1,048	6,168	2,877	9,985
total long term liabilities	0	0	0	0	872	8,283	24,209	43,057	96,116	10,968	1,048	32,947	55,214	103,943
total liabilities	1,767,151	1,117,718	1,083,699	884,785	1,420,323	702,894	785,684	976,279	806,641	592,436	360,366	556,242	540,971	551,335
net assets	2,668,969	2,259,828	1,833,114	1,272,019	1,119,919	991,604	944,427	811,712	765,520	739,190	685,621	807,048	754,113	678,691
total shareholders funds	2,668,969	2,259,828	1,833,114	1,272,019	1,119,919	991,604	944,427	811,712	765,520	739,190	685,621	807,048	754,113	678,691

	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	474,546	524,640	692,092	184,948	155,872	56,316	164,967	56,441	32,048	68,337	-122,563	70,407	103,638	941,993
Depreciation	148,062	117,548	77,948	63,941	54,415	65,655	73,929	62,428	46,907	56,039	55,864	62,236	57,549	60,429
Amortisation	15,000	15,000	15,000	15,000	0	0	0	0	0	0	0	0	0	0
Tax	-95,971	-100,093	-131,615	-35,678	-30,088	-11,066	-33,179	-11,548	-6,999	-16,001	0	-18,599	-29,331	-263,935
Stock	56,600	-2,000	-4,750	-13,750	5,250	0	-40,500	-2,000	8,000	50,999	-3,999	-11,000	-23,000	53,000
Debtors	945,262	-89,765	292,980	-564,292	704,875	95,979	-142,245	104,394	276,016	130,738	-214,559	20,481	202,804	752,279
Creditors	821,561	-104,584	89,306	-595,937	724,831	32,573	-282,955	-84,094	129,057	222,150	-163,977	37,538	38,365	447,392
Accruals and Deferred Income	-172,128	138,603	109,608	61,203	51,738	-99,437	59,479	229,483	77,308	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	-1,048	-5,120	3,291	-7,108	9,985
Cash flow from operations	189,208	682,879	564,109	271,519	246,643	-51,938	164,986	150,316	-5,695	147,740	-17,238	145,392	-16,691	390,585
Investing Activities
capital expenditure	-253,849	-229,087	-100,443	-159,083	-62,761	-38,841	-64,118	-88,901	-83,422	-60,822	-17,414	-57,012	-1,604	-232,896
Change in Investments	55,000	357,059	69,992	20,000	130,000	0	0	0	0	0	0	0	0	0
cash flow from investments	-308,849	-586,146	-170,435	-179,083	-192,761	-38,841	-64,118	-88,901	-83,422	-60,822	-17,414	-57,012	-1,604	-232,896
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	-51,729	0	51,729	0	0	0	0	0	0	0
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	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	-872	-7,411	-15,926	-18,848	24,249	7,840	10,968	-26,779	-25,558	-41,621	93,958
share issue	0	0	0	0	43	0	0	0	0	0	0	0	0	2
interest	30,567	2,167	618	2,830	2,488	1,928	926	1,299	1,281	1,233	1,136	1,127	1,114	631
cash flow from financing	30,567	2,167	618	1,958	-56,609	-13,998	33,807	25,548	9,121	12,201	-25,643	-24,431	-40,507	94,591
cash and cash equivalents
cash	-89,075	98,900	394,292	94,462	-2,727	-104,778	134,676	86,963	-79,996	99,119	-60,295	63,949	-58,801	252,280
overdraft	0	0	0	68	0	0	0	0	0	0	0	0	0	0
change in cash	-89,075	98,900	394,292	94,394	-2,727	-104,778	134,676	86,963	-79,996	99,119	-60,295	63,949	-58,801	252,280

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GEOFF CASTLES BOILER SERVICES LIMITED group structure

Geoff Castles Boiler Services Limited has no subsidiary companies.

Ultimate parent company

GEOFF CASTLES BOILER SERVICES LIMITED

NI029781

GEOFF CASTLES BOILER SERVICES LIMITED Shareholders

gary trevor castles

100%

Geoff Castles Boiler Services Limited currently has 3 directors. The longest serving directors include Mr Gary Castles (Jul 1995) and Mrs Geraldine Castles (Nov 2016).

officer	age	start	end	role
Mr Gary Castles	63 years	Jul 1995	-	Director
Mrs Geraldine Castles	57 years	Nov 2016	-	Director
Mr Richard McElnay	60 years	May 2024	-	Director

P&L

December 2022

turnover

+60%

operating profit

474.5k

gross margin

31.7%

+5.18%

turnover

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

Balance Sheet

December 2022

net assets

2.7m

+0.18%

total assets

4.4m

+0.31%

cash

829k

-0.1%

net assets

Total assets minus all liabilities

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company number

NI029781

Type

Private limited with Share Capital

industry

71129 - Other engineering activities (not including engineering design for industrial process and production or engineering related scientific and technical consulting activities)

incorporation date

July 1995

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

geoff castles boiler services (n.i.) limited (December 2016)

incorporated

address

97a belfast road, carrickfergus, bt38 7bx, BT38 8BX

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 1 charges/mortgages relating to geoff castles boiler services limited. Currently there are 0 open charges and 1 have been satisfied in the past.

geoff castles boiler services limited Company Information

geoff castles boiler services limited Estimated Valuation

geoff castles boiler services limited Estimated Valuation

geoff castles boiler services limited Estimated Valuation

Geoff Castles Boiler Services Limited Overview

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GEOFF CASTLES BOILER SERVICES LIMITED financials

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