Gilmore Services Limited

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gilmore services limited Company Information

Live

EstablishedMidDeclining

Company Number

NI058496

Website

gilmore-eng.com

Registered Address

125 - 127 connsbrook avenue, belfast, BT4 1JX

Industry

Other business support service activities n.e.c.

Telephone

02890240344

Next Accounts Due

December 2024

Group Structure

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Directors

Matthew Gilmore13 Years

Shareholders

matthew gilmore 100%

gilmore services limited Estimated Valuation

£16.4m

Pomanda estimates the enterprise value of GILMORE SERVICES LIMITED at £16.4m based on an EBITDA of £3.1m and a 5.31x industry multiple (adjusted for size and gross margin).

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Gilmore Services Limited is a live company located in belfast, BT4 1JX with a Companies House number of NI058496. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in March 2006, it's largest shareholder is matthew gilmore with a 100% stake. Gilmore Services Limited is a established, mid sized company, Pomanda has estimated its turnover at £8.9m with declining growth in recent years.

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

Health Rating4out of 5

4 Strong

3 Regular

5 Weak

Size

annual sales of £8.9m, make it larger than the average company (£3m)

Growth

3 year (CAGR) sales growth of -13%, show it is growing at a slower rate (4.1%)

EXPORT

Gilmore Services Limited's latest turnover from March 2023 is estimated at £8.9 million and the company has net assets of £3.7 million. According to their latest financial statements, Gilmore Services Limited has 15 employees and maintains cash reserves of £465.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Sep 2011	Sep 2010	Oct 2009
Turnover	8,919,350	9,453,549	5,334,540	13,764,380	5,962,444	5,980,027	4,354,357	3,479,424	3,833,307	5,336,371	4,829,815	4,376,347	3,552,079	2,150,003	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,460,500	5,845,641	3,345,488	8,531,738	3,713,478	3,758,351	2,694,623	2,160,128	2,430,736	3,434,752	3,089,723	2,723,501	2,171,476	1,286,993	0
Gross Profit	3,458,850	3,607,908	1,989,052	5,232,642	2,248,966	2,221,676	1,659,735	1,319,296	1,402,571	1,901,619	1,740,091	1,652,846	1,380,603	863,011	0
Admin Expenses	1,719,585	2,689,483	1,590,222	4,950,611	2,118,079	2,096,457	1,548,489	1,194,854	1,404,550	1,898,562	2,257,083	1,653,266	1,381,443	14,065	-11,443
Operating Profit	1,739,265	918,425	398,830	282,031	130,887	125,219	111,246	124,442	-1,979	3,057	-516,992	-420	-840	848,946	11,443
Interest Payable	26,109	47,341	27,547	7,983	15,967	18,642	16,797	19,222	13,526	0	0	0	0	0	0
Interest Receivable	16,388	1,334	25	52	404	13	1	29	60	31	0	420	840	1,516	1,096
Pre-Tax Profit	1,729,544	872,417	371,309	274,100	115,323	106,589	94,449	105,249	-15,446	3,089	-516,992	0	0	850,463	12,539
Tax	-328,613	-165,759	-70,549	-52,079	-21,911	-20,252	-17,945	-21,050	0	-649	0	0	0	-238,129	-3,511
Profit After Tax	1,400,931	706,658	300,760	222,021	93,412	86,337	76,504	84,199	-15,446	2,440	-516,992	0	0	612,333	9,028
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,400,931	706,658	300,760	222,021	93,412	86,337	76,504	84,199	-15,446	2,440	-516,992	0	0	612,333	9,028
Employee Costs	656,064	623,821	600,070	515,237	460,347	470,844	458,614	460,600	1,064,121	1,521,700	1,371,176	1,213,025	1,012,115	635,223	0
Number Of Employees	15	15	15	13	12	12	12	12	28	40	37	33	28	18	0
EBITDA*	3,085,220	1,556,994	786,022	658,854	376,419	328,515	232,267	237,405	93,290	95,650	-438,216	7,833	10,163	859,950	21,427

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Sep 2011	Sep 2010	Oct 2009
Tangible Assets	9,469,423	4,518,451	2,314,151	1,895,329	1,760,954	1,832,961	954,391	1,149,938	959,652	1,002,706	976,811	856,996	507,140	495,943	477,674
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	130,000	0	10,000	10,000	10,000	10,000	10,000	10,000	10,000	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	9,469,423	4,648,451	2,314,151	1,905,329	1,770,954	1,842,961	964,391	1,159,938	969,652	1,012,706	976,811	856,996	507,140	495,943	477,674
Stock & work in progress	6,328,866	6,884,360	6,191,421	4,313,350	2,302,219	1,219,094	870,450	777,370	924,970	818,365	771,511	253,649	241,639	402,072	151,610
Trade Debtors	970,751	797,637	193,396	548,405	705,504	951,870	630,393	404,913	263,178	417,775	357,457	635,053	497,013	236,302	334,436
Group Debtors	25,003	0	0	0	49,669	49,669	49,669	22,051	14,302	0	0	0	0	0	0
Misc Debtors	64,547	5,906	19,411	0	25,291	103,352	45,936	102,627	51,728	0	0	0	0	0	0
Cash	465,051	306,149	49,477	249	103,084	4,605	398	133	11,294	12,522	30	0	167,948	168,155	438,290
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	7,854,218	7,994,052	6,453,705	4,862,004	3,185,767	2,328,590	1,596,846	1,307,094	1,265,472	1,248,662	1,128,998	888,702	906,600	806,529	924,336
total assets	17,323,641	12,642,503	8,767,856	6,767,333	4,956,721	4,171,551	2,561,237	2,467,032	2,235,124	2,261,368	2,105,809	1,745,698	1,413,740	1,302,472	1,402,010
Bank overdraft	9,914	499,529	903,164	0	244,970	123,072	273,956	48,156	252,120	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	881,316	1,551,385	389,928	4,921,819	1,057,060	1,083,285	857,224	732,824	723,002	1,072,199	1,010,279	545,873	503,766	404,622	771,619
Group/Directors Accounts	0	0	0	0	27,784	24,331	20,454	10,282	83	0	0	0	0	0	0
other short term finances	0	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	94,591	0	0	0	0	0	0
other current liabilities	6,319,476	5,230,426	4,395,716	0	1,745,121	1,049,073	253,536	434,189	105,418	0	0	0	0	0	0
total current liabilities	7,210,706	7,281,340	5,688,808	4,921,819	3,074,935	2,279,761	1,405,170	1,225,451	1,175,214	1,072,199	1,010,279	545,873	503,766	404,622	771,619
loans	0	0	0	0	16,771	88,292	88,292	127,100	164,077	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	160,883	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	6,323,848	2,769,725	1,289,297	455,424	750,281	802,338	152,952	285,770	0	435,571	364,449	470,234	236,672	261,930	0
provisions	105,539	308,821	213,792	114,891	61,556	41,394	41,394	31,786	22,224	25,426	5,349	9,783	335	2,121	0
total long term liabilities	6,429,387	3,078,546	1,503,089	570,315	828,608	932,024	282,638	444,656	347,184	460,997	369,798	480,017	237,007	264,051	0
total liabilities	13,640,093	10,359,886	7,191,897	5,492,134	3,903,543	3,211,785	1,687,808	1,670,107	1,522,398	1,533,196	1,380,077	1,025,890	740,773	668,673	771,619
net assets	3,683,548	2,282,617	1,575,959	1,275,199	1,053,178	959,766	873,429	796,925	712,726	728,172	725,732	719,808	672,967	633,799	630,391
total shareholders funds	3,683,548	2,282,617	1,575,959	1,275,199	1,053,178	959,766	873,429	796,925	712,726	728,172	725,732	719,808	672,967	633,799	630,391

	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Sep 2011	Sep 2010	Oct 2009
Operating Activities
Operating Profit	1,739,265	918,425	398,830	282,031	130,887	125,219	111,246	124,442	-1,979	3,057	-516,992	-420	-840	848,946	11,443
Depreciation	1,345,955	638,569	387,192	376,823	245,532	203,296	121,021	112,963	95,269	92,593	78,776	8,253	11,003	11,004	9,984
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-328,613	-165,759	-70,549	-52,079	-21,911	-20,252	-17,945	-21,050	0	-649	0	0	0	-238,129	-3,511
Stock	-555,494	692,939	1,878,071	2,011,131	1,083,125	348,644	93,080	-147,600	106,605	46,854	517,862	12,010	-160,433	250,462	151,610
Debtors	256,758	590,736	-335,598	-232,059	-324,427	378,893	196,407	200,383	-88,567	60,318	-277,596	138,040	260,711	-98,134	334,436
Creditors	-670,069	1,161,457	-4,531,891	3,864,759	-26,225	226,061	124,400	9,822	-349,197	61,920	464,406	42,107	99,144	-366,997	771,619
Accruals and Deferred Income	1,089,050	834,710	4,395,716	-1,745,121	696,048	795,537	-180,653	328,771	105,418	0	0	0	0	0	0
Deferred Taxes & Provisions	-203,282	95,029	98,901	53,335	20,162	0	9,608	9,562	-3,202	20,077	-4,434	9,448	-1,786	2,121	0
Cash flow from operations	3,271,042	2,198,756	-864,274	1,000,676	285,795	602,324	-121,810	511,727	-171,729	69,826	-218,510	-90,662	7,243	104,617	303,489
Investing Activities
capital expenditure	-6,296,927	-2,842,869	-806,014	-511,198	-173,525	-1,081,866	74,526	-303,249	-52,215	-118,488	-198,591	-358,109	-22,200	-29,273	-487,658
Change in Investments	-130,000	130,000	-10,000	0	0	0	0	0	0	10,000	0	0	0	0	0
cash flow from investments	-6,166,927	-2,972,869	-796,014	-511,198	-173,525	-1,081,866	74,526	-303,249	-52,215	-128,488	-198,591	-358,109	-22,200	-29,273	-487,658
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	-27,784	3,453	3,877	10,172	10,199	83	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	-16,771	-71,521	0	-38,808	-36,977	164,077	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	-255,474	255,474	0	0	0	0	0	0
other long term liabilities	3,554,123	1,480,428	833,873	-294,857	-52,057	649,386	-132,818	285,770	-435,571	71,122	-105,785	233,562	-25,258	261,930	0
share issue	0	0	0	0	0	0	0	0	0	0	522,916	46,841	39,168	-608,925	621,363
interest	-9,721	-46,007	-27,522	-7,931	-15,563	-18,629	-16,796	-19,193	-13,466	31	0	420	840	1,516	1,096
cash flow from financing	3,544,402	1,434,421	806,351	-347,343	-135,688	634,634	-178,250	-15,675	-29,403	71,153	417,131	280,823	14,750	-345,479	622,459
cash and cash equivalents
cash	158,902	256,672	49,228	-102,835	98,479	4,207	265	-11,161	-1,228	12,492	30	-167,948	-207	-270,135	438,290
overdraft	-489,615	-403,635	903,164	-244,970	121,898	-150,884	225,800	-203,964	252,120	0	0	0	0	0	0
change in cash	648,517	660,307	-853,936	142,135	-23,419	155,091	-225,535	192,803	-253,348	12,492	30	-167,948	-207	-270,135	438,290

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GILMORE SERVICES LIMITED group structure

Gilmore Services Limited has no subsidiary companies.

Ultimate parent company

GILMORE SERVICES LIMITED

NI058496

GILMORE SERVICES LIMITED Shareholders

matthew gilmore

100%

Gilmore Services Limited currently has 1 director, Mr Matthew Gilmore serving since Jun 2011.

officer	country	age	start	end	role
Mr Matthew Gilmore		42 years	Jun 2011	-	Director

P&L

March 2023

turnover

8.9m

-6%

operating profit

1.7m

gross margin

38.8%

+1.61%

turnover

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

Balance Sheet

March 2023

net assets

3.7m

+0.61%

total assets

17.3m

+0.37%

cash

465.1k

+0.52%

net assets

Total assets minus all liabilities

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company number

NI058496

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

March 2006

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

125 - 127 connsbrook avenue, belfast, BT4 1JX

last accounts submitted

March 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 8 charges/mortgages relating to gilmore services limited. Currently there are 8 open charges and 0 have been satisfied in the past.

gilmore services limited Company Information

gilmore services limited Estimated Valuation

gilmore services limited Estimated Valuation

gilmore services limited Estimated Valuation

Gilmore Services Limited Overview

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GILMORE SERVICES LIMITED financials

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