Gatewood Developments Ltd

POWER SEARCH PRICING

SOLUTIONS

gatewood developments ltd Company Information

Live

MatureSmallDeclining

Company Number

NI050216

Website

Registered Address

1 backwood road, moira, co armagh, BT67 0LJ

Industry

Construction of domestic buildings

Telephone

Next Accounts Due

January 2025

Group Structure

View All

Directors

David McMullan20 Years

Michael Briggs20 Years

Shareholders

michael william briggs 50%

david neil mcmullan 50%

gatewood developments ltd Estimated Valuation

£880.4k

Pomanda estimates the enterprise value of GATEWOOD DEVELOPMENTS LTD at £880.4k based on a Turnover of £2.9m and 0.31x industry multiple (adjusted for size and gross margin).

Edit your figures and get a professional valuation report.

Gatewood Developments Ltd is a live company located in co armagh, BT67 0LJ with a Companies House number of NI050216. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in April 2004, it's largest shareholder is michael william briggs with a 50% stake. Gatewood Developments Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.9m with declining growth in recent years.

View Sample

Upgrade for unlimited company reports & a free credit check

Pomanda's financial health check has awarded Gatewood Developments Ltd a 3.5 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 Rating3.5out of 5

5 Strong

1 Regular

4 Weak

Size

annual sales of £2.9m, make it larger than the average company (£463.7k)

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (6.8%)

EXPORT

Gatewood Developments Ltd's latest turnover from April 2023 is estimated at £2.9 million and the company has net assets of -£696.3 thousand. According to their latest financial statements, we estimate that Gatewood Developments Ltd has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	2,860,186	2,884,717	3,372,487	5,566,013	270,240	240,511	249,565	176,307	2,296,315	2,495,667	2,946,067	2,988,243	2,862,943	2,959,050
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,546,668	2,566,399	3,035,418	4,944,627	237,331	210,859	214,597	153,739	2,010,611	2,190,844	2,591,508	2,625,976	2,502,323	2,614,332
Gross Profit	313,518	318,318	337,069	621,386	32,909	29,651	34,968	22,567	285,704	304,824	354,559	362,267	360,620	344,717
Admin Expenses	319,718	323,711	335,767	639,355	5,570	39	8,323	10,973	319,579	364,822	469,199	480,148	382,740	626,000
Operating Profit	-6,200	-5,393	1,302	-17,969	27,339	29,612	26,645	11,594	-33,875	-59,998	-114,640	-117,881	-22,120	-281,283
Interest Payable	0	0	0	15,900	35,184	33,875	32,573	16,938	0	0	0	0	0	0
Interest Receivable	0	0	0	1	92	127	79	219	280	193	79	71	67	33
Pre-Tax Profit	-6,200	-5,393	1,302	-33,869	-7,753	-4,136	-5,848	-5,125	-33,595	-59,805	-114,561	-117,810	-22,053	-281,250
Tax	0	0	-247	0	0	0	0	0	0	0	0	0	0	0
Profit After Tax	-6,200	-5,393	1,055	-33,869	-7,753	-4,136	-5,848	-5,125	-33,595	-59,805	-114,561	-117,810	-22,053	-281,250
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-6,200	-5,393	1,055	-33,869	-7,753	-4,136	-5,848	-5,125	-33,595	-59,805	-114,561	-117,810	-22,053	-281,250
Employee Costs	216,053	213,703	267,731	391,115	43,246	41,535	38,380	41,512	156,862	151,420	224,833	220,126	176,118	203,515
Number Of Employees	5	5	7	10	1	1	1	1	4	4	6	6	5	6
EBITDA*	-6,200	-5,393	1,302	-17,879	27,459	29,852	26,885	11,842	-32,975	-59,296	-113,704	-116,633	-20,470	-279,068

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	102,188	102,188	102,390	102,458	360	480	720	960	1,208	2,108	2,810	3,746	4,994	6,644
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	102,188	102,188	102,188	102,188	160,462	160,462	295,652	295,652	295,652	295,652
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	102,188	102,188	102,390	102,458	102,548	102,668	102,908	103,148	161,670	162,570	298,462	299,398	300,646	302,296
Stock & work in progress	0	0	0	0	514,639	467,983	439,034	434,001	200,000	325,000	450,000	540,000	620,000	620,000
Trade Debtors	121,960	118,711	201,701	587,922	0	0	0	0	1,085	132	80	577	154	572
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	587	2,298	501	2,904	0	0	0	0	0	0
Cash	0	0	0	0	1,049	23,472	27,514	35,753	51,779	60,348	16,835	14,789	13,594	13,259
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	121,960	118,711	201,701	587,922	516,275	493,753	467,049	472,658	252,864	385,480	466,915	555,366	633,748	633,831
total assets	224,148	220,899	304,091	690,380	618,823	596,421	569,957	575,806	414,534	548,050	765,377	854,764	934,394	936,127
Bank overdraft	0	0	0	0	155	0	0	521,160	0	0	0	0	0	0
Bank loan	0	0	0	0	521,160	521,160	521,160	0	0	0	0	0	0	0
Trade Creditors	920,491	911,042	988,841	1,376,185	0	0	0	35,000	1,071,344	1,171,265	1,328,787	1,303,613	1,265,433	1,245,113
Group/Directors Accounts	0	0	0	0	690,924	660,924	630,924	595,924	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	0	0	0	0	86,256	86,256	85,656	85,657	0	0	0	0	0	0
total current liabilities	920,491	911,042	988,841	1,376,185	1,298,495	1,268,340	1,237,740	1,237,741	1,071,344	1,171,265	1,328,787	1,303,613	1,265,433	1,245,113
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	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	920,491	911,042	988,841	1,376,185	1,298,495	1,268,340	1,237,740	1,237,741	1,071,344	1,171,265	1,328,787	1,303,613	1,265,433	1,245,113
net assets	-696,343	-690,143	-684,750	-685,805	-679,672	-671,919	-667,783	-661,935	-656,810	-623,215	-563,410	-448,849	-331,039	-308,986
total shareholders funds	-696,343	-690,143	-684,750	-685,805	-679,672	-671,919	-667,783	-661,935	-656,810	-623,215	-563,410	-448,849	-331,039	-308,986

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-6,200	-5,393	1,302	-17,969	27,339	29,612	26,645	11,594	-33,875	-59,998	-114,640	-117,881	-22,120	-281,283
Depreciation	0	0	0	90	120	240	240	248	900	702	936	1,248	1,650	2,215
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-247	0	0	0	0	0	0	0	0	0	0	0
Stock	0	0	0	-514,639	46,656	28,949	5,033	234,001	-125,000	-125,000	-90,000	-80,000	0	620,000
Debtors	3,249	-82,990	-386,221	587,335	-1,711	1,797	-2,403	1,819	953	52	-497	423	-418	572
Creditors	9,449	-77,799	-387,344	1,376,185	0	0	-35,000	-1,036,344	-99,921	-157,522	25,174	38,180	20,320	1,245,113
Accruals and Deferred Income	0	0	0	-86,256	0	600	-1	85,657	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	0	-202	-68	1,199,354	-17,486	-294	-10,746	-1,174,665	-8,849	-91,870	1,967	1,124	268	345,473
Investing Activities
capital expenditure	0	202	68	-102,188	0	0	0	0	0	0	0	0	0	-8,859
Change in Investments	0	0	0	-102,188	0	0	0	-58,274	0	-135,190	0	0	0	295,652
cash flow from investments	0	202	68	0	0	0	0	58,274	0	135,190	0	0	0	-304,511
Financing Activities
Bank loans	0	0	0	-521,160	0	0	521,160	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-690,924	30,000	30,000	35,000	595,924	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	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	27,736	0	0	0	0	0	0	0	0	0	-27,736
interest	0	0	0	-15,899	-35,092	-33,748	-32,494	-16,719	280	193	79	71	67	33
cash flow from financing	0	0	0	-1,200,247	-5,092	-3,748	523,666	579,205	280	193	79	71	67	-27,703
cash and cash equivalents
cash	0	0	0	-1,049	-22,423	-4,042	-8,239	-16,026	-8,569	43,513	2,046	1,195	335	13,259
overdraft	0	0	0	-155	155	0	-521,160	521,160	0	0	0	0	0	0
change in cash	0	0	0	-894	-22,578	-4,042	512,921	-537,186	-8,569	43,513	2,046	1,195	335	13,259

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

Get a comprehensive credit check for gatewood developments ltd. Get real-time insights into gatewood developments ltd's credit score, group structure and payment trends.

From as little as £6.99

This will not impact your credit rating!

View Credit Report Sample

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

GATEWOOD DEVELOPMENTS LTD group structure

Gatewood Developments Ltd has no subsidiary companies.

Ultimate parent company

GATEWOOD DEVELOPMENTS LTD

NI050216

GATEWOOD DEVELOPMENTS LTD Shareholders

michael william briggs	50%
david neil mcmullan	50%

Gatewood Developments Ltd currently has 2 directors. The longest serving directors include Mr David McMullan (Apr 2004) and Mr Michael Briggs (Apr 2004).

officer	country	age	start	end	role
Mr David McMullan		51 years	Apr 2004	-	Director
Mr Michael Briggs		60 years	Apr 2004	-	Director

P&L

April 2023

turnover

2.9m

-1%

operating profit

-6.2k

gross margin

11%

-0.66%

turnover

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

Balance Sheet

April 2023

net assets

-696.3k

+0.01%

total assets

224.1k

+0.01%

cash

net assets

Total assets minus all liabilities

Similar Companies

Agree?

rosslydia estates limited

2.5

fairhouse developments ltd

john rodgers limited

3.5

gilmore homes ltd

2.5

ligoniel homes ltd

company number

NI050216

Type

Private limited with Share Capital

industry

41202 - Construction of domestic buildings

incorporation date

April 2004

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

1 backwood road, moira, co armagh, BT67 0LJ

last accounts submitted

April 2023

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 7 charges/mortgages relating to gatewood developments ltd. Currently there are 7 open charges and 0 have been satisfied in the past.

gatewood developments ltd Company Information

gatewood developments ltd Estimated Valuation

gatewood developments ltd Estimated Valuation

gatewood developments ltd Estimated Valuation

Gatewood Developments Ltd Overview

Gatewood Developments Ltd Health Check

GATEWOOD DEVELOPMENTS LTD financials

gatewood developments ltd Credit Report and Business Information

Gatewood Developments Ltd Competitor Analysis

gatewood developments ltd Ownership

gatewood developments ltd directors

gatewood developments ltd company details

gatewood developments ltd Charges & Mortgages

gatewood developments ltd Companies House Filings - See Documents