gmc developments limited

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gmc developments limited Company Information

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Company Number

NI045294

Registered Address

6 main street, camlough, newry, BT35 7JG

Industry

Construction of other civil engineering projects n.e.c.

 

Telephone

441289304409

Next Accounts Due

September 2024

Group Structure

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Directors

Ciaran Hughes21 Years

Gerard Hughes21 Years

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Shareholders

mr james hughes 25%

mr ciaran joseph hughes 25%

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gmc developments limited Estimated Valuation

£749.1k

Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £749.1k based on a Turnover of £3.6m and 0.21x industry multiple (adjusted for size and gross margin).

gmc developments limited Estimated Valuation

£287.9k

Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £287.9k based on an EBITDA of £103.4k and a 2.79x industry multiple (adjusted for size and gross margin).

gmc developments limited Estimated Valuation

£277.2k

Pomanda estimates the enterprise value of GMC DEVELOPMENTS LIMITED at £277.2k based on Net Assets of £158k and 1.76x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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Gmc Developments Limited Overview

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 james hughes with a 25% stake. Gmc Developments Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.6m with healthy growth in recent years.

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Gmc Developments Limited Health Check

Pomanda's financial health check has awarded Gmc Developments Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

4 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £3.6m, make it smaller than the average company (£13.1m)

£3.6m - Gmc Developments Limited

£13.1m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (5.6%)

10% - Gmc Developments Limited

5.6% - Industry AVG

production

Production

with a gross margin of 10.6%, this company has a higher cost of product (16.3%)

10.6% - Gmc Developments Limited

16.3% - Industry AVG

profitability

Profitability

an operating margin of 2.4% make it less profitable than the average company (4.4%)

2.4% - Gmc Developments Limited

4.4% - Industry AVG

employees

Employees

with 8 employees, this is below the industry average (53)

8 - Gmc Developments Limited

53 - Industry AVG

paystructure

Pay Structure

on an average salary of £48.7k, the company has an equivalent pay structure (£48.7k)

£48.7k - Gmc Developments Limited

£48.7k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £452.4k, this is more efficient (£250.6k)

£452.4k - Gmc Developments Limited

£250.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 1 days, this is earlier than average (57 days)

1 days - Gmc Developments Limited

57 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 162 days, this is slower than average (41 days)

162 days - Gmc Developments Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Gmc Developments Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (20 weeks)

4 weeks - Gmc Developments Limited

20 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 93.3%, this is a higher level of debt than the average (62.4%)

93.3% - Gmc Developments Limited

62.4% - Industry AVG

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
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Gmc Developments Limited Competitor Analysis

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Perform a competitor analysis for gmc developments limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

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

mr james hughes 25%
mr ciaran joseph hughes 25%
mr michael james hughes 25%
mr gerard hughes 25%

gmc developments limited directors

Gmc Developments Limited currently has 4 directors. The longest serving directors include Mr Ciaran Hughes (Jan 2003) and Mr Gerard Hughes (Jan 2003).

officercountryagestartendrole
Mr Ciaran HughesUnited Kingdom41 years Jan 2003- Director
Mr Gerard HughesNorthern Ireland42 years Jan 2003- Director
Mr Micheal HughesUnited Kingdom43 years Jan 2003- Director
Mr James HughesNorthern Ireland36 years Mar 2007- Director

GMC DEVELOPMENTS LIMITED financials

EXPORTms excel logo

Gmc Developments Limited's latest turnover from December 2022 is estimated at £3.6 million and the company has net assets of £158 thousand. According to their latest financial statements, we estimate that Gmc Developments Limited has 8 employees and maintains cash reserves of £129.2 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover3,619,5283,115,9783,419,1812,748,6962,165,3302,187,6871,745,3081,862,8321,031,342419,2392,7341,13800
Other Income Or Grants00000000000000
Cost Of Sales3,235,6482,805,3743,070,0102,453,0731,927,5661,933,4621,547,8621,671,309925,379374,8632,4391,01200
Gross Profit383,881310,604349,170295,623237,764254,225197,446191,523105,96344,37729612500
Admin Expenses297,440223,330140,933360,501267,674276,838184,169185,970109,76153,968-6,5404,562-6,83342,213
Operating Profit86,44187,274208,237-64,878-29,910-22,61313,2775,553-3,798-9,5916,836-4,4376,833-42,213
Interest Payable000001,0452,2811,327000000
Interest Receivable3,79218475546251113732131694644435023
Pre-Tax Profit90,23387,458208,312-64,332-29,659-23,54411,0694,439-3,629-9,5456,880-4,3946,883-42,190
Tax-17,144-16,617-39,579000-2,214-88800-1,6510-1,9270
Profit After Tax73,08970,841168,733-64,332-29,659-23,5448,8553,551-3,629-9,5455,229-4,3944,956-42,190
Dividends Paid00000000000000
Retained Profit73,08970,841168,733-64,332-29,659-23,5448,8553,551-3,629-9,5455,229-4,3944,956-42,190
Employee Costs389,665368,962454,561357,751260,221252,769201,392237,941112,89874,49035,97835,33500
Number Of Employees881086656321100
EBITDA*103,384105,644300,4491,289-29,910-22,61313,2775,553-3,798-9,5916,836-4,4376,833-42,213

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets2,231,8642,217,30763,734300,8661,192,738178,56000160,00060,000250,000250,000250,000250,000
Intangible Assets00000000000000
Investments & Other002,170,5171,494,27800186,000186,000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets2,231,8642,217,3072,234,2511,795,1441,192,738178,560186,000186,000160,00060,000250,000250,000250,000250,000
Stock & work in progress00000250,000250,000250,000250,000250,0000000
Trade Debtors11,47713,9168,7429,02466,94500067429627925100
Group Debtors00000000000000
Misc Debtors0000000674000000
Cash129,21387,47059,54190,28955,21611,78933,43324,57860,6087,03011,3926,15110,9969,035
misc current assets00000000000000
total current assets140,690101,38668,28399,313122,161261,789283,433275,252311,282257,32611,6716,40210,9969,035
total assets2,372,5542,318,6932,302,5341,894,4571,314,899440,349469,433461,252471,282317,326261,671256,402260,996259,035
Bank overdraft0000008,7009,231000000
Bank loan00000000000000
Trade Creditors 1,440,2181,404,5671,404,5311,111,137858,840488,94300470,780156,6261,00000207,853
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities000000474,456466,430000000
total current liabilities1,440,2181,404,5671,404,5311,111,137858,840488,943483,156475,661470,780156,6261,00000207,853
loans00000023,44031,609000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities774,371829,250883,968938,018546,42512,1130050,071206,640297,066298,026298,22693,368
provisions00000000000000
total long term liabilities774,371829,250883,968938,018546,42512,11323,44031,60950,071206,640297,066298,026298,22693,368
total liabilities2,214,5892,233,8172,288,4992,049,1551,405,265501,056506,596507,270520,851363,266298,066298,026298,226301,221
net assets157,96584,87614,035-154,698-90,366-60,707-37,163-46,018-49,569-45,940-36,395-41,624-37,230-42,186
total shareholders funds157,96584,87614,035-154,698-90,366-60,707-37,163-46,018-49,569-45,940-36,395-41,624-37,230-42,186
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit86,44187,274208,237-64,878-29,910-22,61313,2775,553-3,798-9,5916,836-4,4376,833-42,213
Depreciation16,94318,37092,21266,1670000000000
Amortisation00000000000000
Tax-17,144-16,617-39,579000-2,214-88800-1,6510-1,9270
Stock0000-250,0000000250,0000000
Debtors-2,4395,174-282-57,92166,9450-6740378172825100
Creditors35,65136293,394252,297369,897488,9430-470,780314,154155,6261,0000-207,853207,853
Accruals and Deferred Income00000-474,4568,026466,430000000
Deferred Taxes & Provisions00000000000000
Cash flow from operations124,33083,889554,546311,507523,042-8,12619,763315309,978-103,9826,157-4,688-202,947165,640
Investing Activities
capital expenditure-31,500-2,171,943144,920825,705-1,014,178-178,5600160,000-100,000190,000000-250,000
Change in Investments0-2,170,517676,2391,494,2780-186,0000186,000000000
cash flow from investments-31,500-1,426-531,319-668,573-1,014,1787,4400-26,000-100,000190,000000-250,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000-23,440-8,16931,609000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities-54,879-54,718-54,050391,593534,31212,1130-50,071-156,569-90,426-960-200204,85893,368
share issue00000000000004
interest3,79218475546251-932-2,208-1,1141694644435023
cash flow from financing-51,087-54,534-53,975392,139534,563-12,259-10,377-19,576-156,400-90,380-916-157204,90893,395
cash and cash equivalents
cash41,74327,929-30,74835,07343,427-21,6448,855-36,03053,578-4,3625,241-4,8451,9619,035
overdraft00000-8,700-5319,231000000
change in cash41,74327,929-30,74835,07343,427-12,9449,386-45,26153,578-4,3625,241-4,8451,9619,035

P&L

December 2022

turnover

3.6m

+16%

operating profit

86.4k

0%

gross margin

10.7%

+6.4%

turnover

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

Balance Sheet

December 2022

net assets

158k

+0.86%

total assets

2.4m

+0.02%

cash

129.2k

+0.48%

net assets

Total assets minus all liabilities

gmc developments limited company details

company number

NI045294

Type

Private limited with Share Capital

industry

42990 - Construction of other civil engineering projects n.e.c.

incorporation date

January 2003

age

21

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

UK

address

6 main street, camlough, newry, BT35 7JG

last accounts submitted

December 2022

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.

charges

gmc developments limited Companies House Filings - See Documents

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