Gibson Paving Limited

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gibson paving limited Company Information

Live

EstablishedSmallHealthy

Company Number

NI066190

Website

www.gibsonpaving.co.uk

Registered Address

61 townhill road, portglenone, ballymena, county antrim, BT44 8AG

Industry

Specialised construction activities (other than scaffold erection) n.e.c.

Telephone

02825821976

Next Accounts Due

June 2024

Group Structure

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Directors

Adam Gibson16 Years

Ruth Gibson16 Years

Shareholders

mrs ruth gibson 50%

mr adam frederick gibson 50%

gibson paving limited Estimated Valuation

£2.3m

Pomanda estimates the enterprise value of GIBSON PAVING LIMITED at £2.3m based on Net Assets of £1.2m and 1.94x industry multiple (adjusted for liquidity).

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Gibson Paving Limited is a live company located in ballymena, BT44 8AG with a Companies House number of NI066190. It operates in the other specialised construction activities n.e.c. sector, SIC Code 43999. Founded in September 2007, it's largest shareholder is mrs ruth gibson with a 50% stake. Gibson Paving Limited is a established, small sized company, Pomanda has estimated its turnover at £1.9m with healthy growth in recent years.

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Pomanda's financial health check has awarded Gibson Paving Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

1 Regular

7 Weak

Size

annual sales of £1.9m, make it smaller than the average company (£5.4m)

Growth

3 year (CAGR) sales growth of 13%, show it is growing at a faster rate (3.2%)

EXPORT

Gibson Paving Limited's latest turnover from September 2022 is estimated at £1.9 million and the company has net assets of £1.2 million. According to their latest financial statements, Gibson Paving Limited has 18 employees and maintains cash reserves of £269.8 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	1,945,829	1,628,628	1,873,920	1,335,785	1,138,772	1,369,819	757,550	1,075,182	835,436	771,127	893,040	897,880	1,052,949	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,691,526	1,421,985	1,619,326	1,148,341	970,151	1,162,572	634,239	906,427	707,288	650,407	750,348	741,124	858,997	0
Gross Profit	254,303	206,643	254,594	187,444	168,621	207,247	123,311	168,754	128,149	120,720	142,693	156,756	193,952	0
Admin Expenses	350,321	13,683	614,980	66,844	113,961	132,954	81,367	109,812	57,301	47,084	89,870	59,619	81,479	54,905
Operating Profit	-96,018	192,960	-360,386	120,600	54,660	74,293	41,944	58,942	70,848	73,636	52,823	97,137	112,473	-54,905
Interest Payable	0	0	0	0	0	3,299	3,299	0	0	0	0	0	0	0
Interest Receivable	5,605	168	110	515	145	110	115	48	6	5	2	5	177	172
Pre-Tax Profit	-90,413	193,128	-360,276	121,115	54,805	71,104	38,760	58,990	70,853	73,640	52,825	97,142	112,650	-54,733
Tax	0	-36,694	0	-23,012	-10,413	-13,510	-7,752	-11,798	-14,879	-16,937	-12,678	-25,257	-31,542	0
Profit After Tax	-90,413	156,434	-360,276	98,103	44,392	57,594	31,008	47,192	55,974	56,703	40,147	71,885	81,108	-54,733
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-90,413	156,434	-360,276	98,103	44,392	57,594	31,008	47,192	55,974	56,703	40,147	71,885	81,108	-54,733
Employee Costs	775,387	716,290	675,213	594,329	167,562	639,101	631,922	118,468	112,779	111,022	146,832	142,116	173,950	0
Number Of Employees	18	17	16	14	4	16	16	3	3	3	4	4	5	0
EBITDA*	-60,217	225,535	-334,231	150,647	80,509	103,685	63,772	78,037	84,447	82,557	60,318	104,754	120,935	-48,397

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	0	0	0	270,422	232,638	247,045	196,447	173,803	122,392	80,294	67,460	68,550	76,167	58,579
Intangible Assets	403,609	360,650	296,543	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	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	403,609	360,650	296,543	270,422	232,638	247,045	196,447	173,803	122,392	80,294	67,460	68,550	76,167	58,579
Stock & work in progress	596,049	370,000	250,000	271,780	380,474	289,760	238,679	374,700	372,600	325,146	438,500	398,081	299,539	409,038
Trade Debtors	381,986	408,817	488,816	256,742	136,651	248,366	72,948	112,417	57,727	64,062	17,037	38,110	105,145	68,502
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	71,311	0	0	0	0	0	0	0
Cash	269,782	228,438	107,632	112,407	24,801	13,833	74,160	18,173	1,095	1,142	729	128	1,795	68,881
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,247,817	1,007,255	846,448	640,929	541,926	551,959	457,098	505,290	431,422	390,350	456,266	436,319	406,479	546,421
total assets	1,651,426	1,367,905	1,142,991	911,351	774,564	799,004	653,545	679,093	553,814	470,644	523,726	504,869	482,646	605,000
Bank overdraft	0	0	0	0	0	0	105,574	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	441,443	343,020	403,638	337,095	298,411	367,243	102,633	311,457	269,304	265,561	380,441	401,420	447,388	648,870
Group/Directors Accounts	0	0	0	0	0	0	0	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	0	0	0	0	0	0	53,832	0	0	0	0	0	0	0
total current liabilities	441,443	343,020	403,638	337,095	298,411	367,243	262,039	311,457	269,304	265,561	380,441	401,420	447,388	648,870
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	44,881	44,881	44,881	44,881	44,881	44,881	26,111	38,027	14,028	0	0	833	5,167	10,861
provisions	0	0	0	0	0	0	36,109	31,331	19,396	9,971	4,876	4,354	3,714	0
total long term liabilities	44,881	44,881	44,881	44,881	44,881	44,881	62,220	69,358	33,424	9,971	4,876	5,187	8,881	10,861
total liabilities	486,324	387,901	448,519	381,976	343,292	412,124	324,259	380,815	302,728	275,532	385,317	406,607	456,269	659,731
net assets	1,165,102	980,004	694,472	529,375	431,272	386,880	329,286	298,278	251,086	195,112	138,409	98,262	26,377	-54,731
total shareholders funds	1,165,102	980,004	694,472	529,375	431,272	386,880	329,286	298,278	251,086	195,112	138,409	98,262	26,377	-54,731

	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-96,018	192,960	-360,386	120,600	54,660	74,293	41,944	58,942	70,848	73,636	52,823	97,137	112,473	-54,905
Depreciation	0	0	26,155	30,047	25,849	29,392	21,828	19,095	13,599	8,921	7,495	7,617	8,462	6,508
Amortisation	35,801	32,575	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-36,694	0	-23,012	-10,413	-13,510	-7,752	-11,798	-14,879	-16,937	-12,678	-25,257	-31,542	0
Stock	226,049	120,000	-21,780	-108,694	90,714	51,081	-136,021	2,100	47,454	-113,354	40,419	98,542	-109,499	409,038
Debtors	-26,831	-79,999	232,074	120,091	-111,715	104,107	31,842	54,690	-6,335	47,025	-21,073	-67,035	36,643	68,502
Creditors	98,423	-60,618	66,543	38,684	-68,832	264,610	-208,824	42,153	3,743	-114,880	-20,979	-45,968	-201,482	648,870
Accruals and Deferred Income	0	0	0	0	0	-53,832	53,832	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	-36,109	4,778	11,935	9,425	5,095	522	640	3,714	0
Cash flow from operations	-161,012	88,222	-477,982	154,922	22,265	109,656	9,985	63,537	41,617	22,164	7,837	2,662	-35,519	122,933
Investing Activities
capital expenditure	-78,760	-96,682	-52,276	-67,831	-11,442	-79,990	-44,472	-70,506	-55,697	-21,755	-6,405	0	-26,050	-65,087
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-78,760	-96,682	-52,276	-67,831	-11,442	-79,990	-44,472	-70,506	-55,697	-21,755	-6,405	0	-26,050	-65,087
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	0	0	0	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	0	0	18,770	-11,916	23,999	14,028	0	-833	-4,334	-5,694	10,861
share issue	275,511	129,098	525,373	0	0	0	0	0	0	0	0	0	0	2
interest	5,605	168	110	515	145	-3,189	-3,184	48	6	5	2	5	177	172
cash flow from financing	281,116	129,266	525,483	515	145	15,581	-15,100	24,047	14,034	5	-831	-4,329	-5,517	11,035
cash and cash equivalents
cash	41,344	120,806	-4,775	87,606	10,968	-60,327	55,987	17,078	-47	413	601	-1,667	-67,086	68,881
overdraft	0	0	0	0	0	-105,574	105,574	0	0	0	0	0	0	0
change in cash	41,344	120,806	-4,775	87,606	10,968	45,247	-49,587	17,078	-47	413	601	-1,667	-67,086	68,881

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GIBSON PAVING LIMITED group structure

Gibson Paving Limited has no subsidiary companies.

Ultimate parent company

GIBSON PAVING LIMITED

NI066190

GIBSON PAVING LIMITED Shareholders

mrs ruth gibson	50%
mr adam frederick gibson	50%

Gibson Paving Limited currently has 2 directors. The longest serving directors include Mr Adam Gibson (Sep 2007) and Ms Ruth Gibson (Sep 2007).

officer	country	age	start	end	role
Mr Adam Gibson		59 years	Sep 2007	-	Director
Ms Ruth Gibson		57 years	Sep 2007	-	Director

P&L

September 2022

turnover

1.9m

+19%

operating profit

-96k

gross margin

13.1%

+3%

turnover

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

Balance Sheet

September 2022

net assets

1.2m

+0.19%

total assets

1.7m

+0.21%

cash

269.8k

+0.18%

net assets

Total assets minus all liabilities

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company number

NI066190

Type

Private limited with Share Capital

industry

43999 - Specialised construction activities (other than scaffold erection) n.e.c.

incorporation date

September 2007

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

N/A

incorporated

address

61 townhill road, portglenone, ballymena, county antrim, BT44 8AG

last accounts submitted

September 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 gibson paving limited. Currently there are 1 open charges and 0 have been satisfied in the past.

gibson paving limited Company Information

gibson paving limited Estimated Valuation

gibson paving limited Estimated Valuation

gibson paving limited Estimated Valuation

Gibson Paving Limited Overview

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GIBSON PAVING LIMITED financials

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