Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £933.5k based on a Turnover of £4.1m and 0.23x industry multiple (adjusted for size and gross margin).
gmc developments limitedEstimated Valuation
£234.2k
Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £234.2k based on an EBITDA of £87.4k and a 2.68x industry multiple (adjusted for size and gross margin).
gmc developments limitedEstimated Valuation
£420.2k
Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £420.2k based on Net Assets of £216.2k and 1.94x industry multiple (adjusted for liquidity).
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Gmc Developments LimitedOverview
Gmc Developments Limited is a live company located in newry, BT35 7JG with a Companies House number of NI045294. It operates in the construction of other civil engineering projects n.e.c. sector, SIC Code 42990. Founded in January 2003, it's largest shareholder is
mr gerard hughes
with a 25% stake. Gmc Developments Limited is a mature,
small sized company, Pomanda has estimated its turnover at
£4.1m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Gmc Developments Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
3 Strong
1 Regular
7 Weak
Size
annual sales of £4.1m, make it smaller than the average company (£14.1m)
£4.1m - Gmc Developments Limited
£14.1m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a slower rate (9%)
6% - Gmc Developments Limited
9% - Industry AVG
Production
with a gross margin of 11.7%, this company has a higher cost of product (17.6%)
11.7% - Gmc Developments Limited
17.6% - Industry AVG
Profitability
an operating margin of 1.7% make it less profitable than the average company (5.7%)
1.7% - Gmc Developments Limited
5.7% - Industry AVG
Employees
with 9 employees, this is below the industry average (53)
9 - Gmc Developments Limited
53 - Industry AVG
Pay Structure
on an average salary of £51.5k, the company has an equivalent pay structure (£51.5k)
£51.5k - Gmc Developments Limited
£51.5k - Industry AVG
Efficiency
resulting in sales per employee of £455.5k, this is more efficient (£255.5k)
£455.5k - Gmc Developments Limited
£255.5k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (51 days)
1 days - Gmc Developments Limited
51 days - Industry AVG
Creditor Days
its suppliers are paid after 146 days, this is slower than average (35 days)
146 days - Gmc Developments Limited
35 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Gmc Developments Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities
for 5 weeks, this is less cash available to meet short term requirements (20 weeks)
5 weeks - Gmc Developments Limited
20 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 90.9%, this is a higher level of debt than the average (60.3%)
90.9% - Gmc Developments Limited
60.3% - Industry AVG
GMC DEVELOPMENTS LIMITED financials
EXPORT
Gmc Developments Limited's latest turnover from December 2023 is estimated at £4.1 million and the company has net assets of £216.2 thousand. According to their latest financial statements, we estimate that Gmc Developments Limited has 9 employees and maintains cash reserves of £142.7 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
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
4,099,740
3,528,140
3,116,926
3,414,262
2,713,909
2,159,794
2,168,684
1,654,676
1,870,120
1,034,222
419,890
2,692
1,135
Other Income Or Grants
Cost Of Sales
3,622,022
3,152,122
2,806,946
3,062,947
2,421,533
1,920,120
1,915,058
1,462,229
1,677,958
928,392
375,898
2,403
1,010
Gross Profit
477,719
376,018
309,980
351,315
292,376
239,675
253,626
192,446
192,162
105,830
43,992
289
125
Admin Expenses
407,273
289,577
222,706
143,078
357,254
269,585
276,239
179,169
186,609
109,628
53,583
-6,547
4,562
-6,833
42,213
Operating Profit
70,446
86,441
87,274
208,237
-64,878
-29,910
-22,613
13,277
5,553
-3,798
-9,591
6,836
-4,437
6,833
-42,213
Interest Payable
1,045
2,281
1,327
Interest Receivable
7,137
3,792
184
75
546
251
113
73
213
169
46
44
43
50
23
Pre-Tax Profit
77,583
90,233
87,458
208,312
-64,332
-29,659
-23,544
11,069
4,439
-3,629
-9,545
6,880
-4,394
6,883
-42,190
Tax
-19,396
-17,144
-16,617
-39,579
-2,214
-888
-1,651
-1,927
Profit After Tax
58,187
73,089
70,841
168,733
-64,332
-29,659
-23,544
8,855
3,551
-3,629
-9,545
5,229
-4,394
4,956
-42,190
Dividends Paid
Retained Profit
58,187
73,089
70,841
168,733
-64,332
-29,659
-23,544
8,855
3,551
-3,629
-9,545
5,229
-4,394
4,956
-42,190
Employee Costs
463,053
390,822
372,171
462,233
358,644
261,260
253,467
201,576
238,481
113,637
74,471
35,978
35,335
Number Of Employees
9
8
8
10
8
6
6
5
6
3
2
1
1
EBITDA*
87,390
103,384
105,644
300,449
1,289
-29,910
-22,613
13,277
5,553
-3,798
-9,591
6,836
-4,437
6,833
-42,213
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
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
2,214,920
2,231,864
2,217,307
63,734
300,866
1,192,738
178,560
160,000
60,000
250,000
250,000
250,000
250,000
Intangible Assets
Investments & Other
2,170,517
1,494,278
186,000
186,000
Debtors (Due After 1 year)
Total Fixed Assets
2,214,920
2,231,864
2,217,307
2,234,251
1,795,144
1,192,738
178,560
186,000
186,000
160,000
60,000
250,000
250,000
250,000
250,000
Stock & work in progress
250,000
250,000
250,000
250,000
250,000
Trade Debtors
15,616
11,477
13,916
8,742
9,024
66,945
674
296
279
251
Group Debtors
Misc Debtors
674
Cash
142,656
129,213
87,470
59,541
90,289
55,216
11,789
33,433
24,578
60,608
7,030
11,392
6,151
10,996
9,035
misc current assets
total current assets
158,272
140,690
101,386
68,283
99,313
122,161
261,789
283,433
275,252
311,282
257,326
11,671
6,402
10,996
9,035
total assets
2,373,192
2,372,554
2,318,693
2,302,534
1,894,457
1,314,899
440,349
469,433
461,252
471,282
317,326
261,671
256,402
260,996
259,035
Bank overdraft
8,700
9,231
Bank loan
Trade Creditors
1,452,769
1,440,218
1,404,567
1,404,531
1,111,137
858,840
488,943
470,780
156,626
1,000
207,853
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
474,456
466,430
total current liabilities
1,452,769
1,440,218
1,404,567
1,404,531
1,111,137
858,840
488,943
483,156
475,661
470,780
156,626
1,000
207,853
loans
23,440
31,609
hp & lease commitments
Accruals and Deferred Income
other liabilities
704,271
774,371
829,250
883,968
938,018
546,425
12,113
50,071
206,640
297,066
298,026
298,226
93,368
provisions
total long term liabilities
704,271
774,371
829,250
883,968
938,018
546,425
12,113
23,440
31,609
50,071
206,640
297,066
298,026
298,226
93,368
total liabilities
2,157,040
2,214,589
2,233,817
2,288,499
2,049,155
1,405,265
501,056
506,596
507,270
520,851
363,266
298,066
298,026
298,226
301,221
net assets
216,152
157,965
84,876
14,035
-154,698
-90,366
-60,707
-37,163
-46,018
-49,569
-45,940
-36,395
-41,624
-37,230
-42,186
total shareholders funds
216,152
157,965
84,876
14,035
-154,698
-90,366
-60,707
-37,163
-46,018
-49,569
-45,940
-36,395
-41,624
-37,230
-42,186
Dec 2023
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
70,446
86,441
87,274
208,237
-64,878
-29,910
-22,613
13,277
5,553
-3,798
-9,591
6,836
-4,437
6,833
-42,213
Depreciation
16,944
16,943
18,370
92,212
66,167
Amortisation
Tax
-19,396
-17,144
-16,617
-39,579
-2,214
-888
-1,651
-1,927
Stock
-250,000
250,000
Debtors
4,139
-2,439
5,174
-282
-57,921
66,945
-674
378
17
28
251
Creditors
12,551
35,651
36
293,394
252,297
369,897
488,943
-470,780
314,154
155,626
1,000
-207,853
207,853
Accruals and Deferred Income
-474,456
8,026
466,430
Deferred Taxes & Provisions
Cash flow from operations
76,406
124,330
83,889
554,546
311,507
523,042
-8,126
19,763
315
309,978
-103,982
6,157
-4,688
-202,947
165,640
Investing Activities
capital expenditure
-31,500
-2,171,943
144,920
825,705
-1,014,178
-178,560
160,000
-100,000
190,000
-250,000
Change in Investments
-2,170,517
676,239
1,494,278
-186,000
186,000
cash flow from investments
-31,500
-1,426
-531,319
-668,573
-1,014,178
7,440
-26,000
-100,000
190,000
-250,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-23,440
-8,169
31,609
Hire Purchase and Lease Commitments
other long term liabilities
-70,100
-54,879
-54,718
-54,050
391,593
534,312
12,113
-50,071
-156,569
-90,426
-960
-200
204,858
93,368
share issue
4
interest
7,137
3,792
184
75
546
251
-932
-2,208
-1,114
169
46
44
43
50
23
cash flow from financing
-62,963
-51,087
-54,534
-53,975
392,139
534,563
-12,259
-10,377
-19,576
-156,400
-90,380
-916
-157
204,908
93,395
cash and cash equivalents
cash
13,443
41,743
27,929
-30,748
35,073
43,427
-21,644
8,855
-36,030
53,578
-4,362
5,241
-4,845
1,961
9,035
overdraft
-8,700
-531
9,231
change in cash
13,443
41,743
27,929
-30,748
35,073
43,427
-12,944
9,386
-45,261
53,578
-4,362
5,241
-4,845
1,961
9,035
gmc developments limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for gmc developments limited. Get real-time insights into gmc developments limited's credit score, group structure and payment trends.
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gmc developments limited Ownership
GMC DEVELOPMENTS LIMITED group structure
Gmc Developments Limited has no subsidiary companies.
Ultimate parent company
GMC DEVELOPMENTS LIMITED
NI045294
GMC DEVELOPMENTS LIMITED Shareholders
The largest shareholders in Gmc Developments Limited include Mr Gerard Hughes and Mr Ciaran Joseph Hughes.
mr gerard hughes
25%
mr ciaran joseph hughes
25%
mr michael james hughes
25%
mr james hughes
25%
gmc developments limited directors
Gmc Developments Limited currently has 4 directors.
The longest serving directors include
Mr Micheal Hughes (Jan 2003) and
Mr Gerard Hughes (Jan 2003).
42990 - Construction of other civil engineering projects n.e.c.
incorporation date
January 2003
age
22
incorporated
UK
ultimate parent company
None
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
6 main street, camlough, newry, BT35 7JG
Bank
DANSKE BANK
Legal Advisor
-
gmc developments 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 gmc developments limited.
gmc developments 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.
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gmc developments limitedCompanies House Filings - See Documents
