Gola Wood Works Ltd

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gola wood works ltd Company Information

Live (In Receivership)

EstablishedSmallLow

Company Number

NI069045

Website

scullionlaw.com

Registered Address

kpmg the soloist building, 1 lanyon place, belfast, BT1 3LP

Industry

Manufacture of other furniture

Telephone

01413742121

Next Accounts Due

474 days late

Group Structure

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Directors

Rory Scullion16 Years

Sarah Scullion16 Years

Shareholders

sarah scullion 50%

rory scullion 50%

gola wood works ltd Estimated Valuation

£719.8k

Pomanda estimates the enterprise value of GOLA WOOD WORKS LTD at £719.8k based on a Turnover of £2.6m and 0.27x industry multiple (adjusted for size and gross margin).

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Gola Wood Works Ltd is a live company located in belfast, BT1 3LP with a Companies House number of NI069045. It operates in the manufacture of other furniture sector, SIC Code 31090. Founded in April 2008, it's largest shareholder is sarah scullion with a 50% stake. Gola Wood Works Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with low growth in recent years.

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Pomanda's financial health check has awarded Gola Wood Works Ltd a 3 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 Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £2.6m, make it smaller than the average company (£6.5m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a faster rate (-2.9%)

EXPORT

Gola Wood Works Ltd's latest turnover from May 2021 is estimated at £2.6 million and the company has net assets of -£268.5 thousand. According to their latest financial statements, Gola Wood Works Ltd has 23 employees and maintains cash reserves of £150 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2021	May 2020	May 2019	May 2018	May 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Turnover	2,631,899	2,185,620	2,369,322	2,456,218	489,985	444,319	415,530	16,593	32,468
Other Income Or Grants	0	0	0	0	0	0	0	0	0
Cost Of Sales	2,094,331	1,640,271	1,776,649	1,864,291	356,806	320,428	302,775	12,262	23,916
Gross Profit	537,568	545,349	592,673	591,927	133,178	123,890	112,755	4,331	8,552
Admin Expenses	898,210	776,900	490,670	421,686	141,445	96,115	3,432	4,362	6,522
Operating Profit	-360,642	-231,551	102,003	170,241	-8,267	27,775	109,323	-31	2,030
Interest Payable	0	0	0	0	0	0	0	0	0
Interest Receivable	54	54	4	5	2	1	6	10	4
Pre-Tax Profit	-360,588	-231,497	102,006	170,246	-8,265	27,776	109,329	-21	2,034
Tax	0	0	-19,381	-32,347	0	-5,555	-21,866	0	-468
Profit After Tax	-360,588	-231,497	82,625	137,899	-8,265	22,221	87,463	-21	1,566
Dividends Paid	0	0	0	0	0	0	0	0	0
Retained Profit	-360,588	-231,497	82,625	137,899	-8,265	22,221	87,463	-21	1,566
Employee Costs	670,793	1,135,303	966,393	905,594	28,134	112,335	82,612	27,341	25,934
Number Of Employees	23	38	33	32	1	4	3	1	1
EBITDA*	-322,517	-193,826	136,260	196,288	-8,267	27,775	109,323	-31	2,030

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2021	May 2020	May 2019	May 2018	May 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013
Tangible Assets	522,508	546,449	602,144	547,160	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0
Total Fixed Assets	522,509	546,450	602,144	547,161	0	0	0	0	0
Stock & work in progress	823,690	533,187	321,224	390,228	0	0	0	0	0
Trade Debtors	375,967	272,059	516,986	373,634	178,651	121,589	114,990	3,120	6,161
Group Debtors	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0
Cash	150	107,540	0	937	937	267	95	2,166	1,663
misc current assets	0	0	0	0	0	0	0	0	0
total current assets	1,199,807	912,787	838,210	764,799	179,588	121,856	115,085	5,286	7,824
total assets	1,722,316	1,459,237	1,440,355	1,311,960	179,588	121,856	115,085	5,286	7,824
Bank overdraft	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0
Trade Creditors	1,250,676	623,891	690,740	1,071,095	76,623	10,625	26,075	3,739	6,256
Group/Directors Accounts	0	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0
total current liabilities	1,250,676	623,891	690,740	1,071,095	76,623	10,625	26,075	3,739	6,256
loans	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0
other liabilities	740,153	743,271	412,863	0	0	0	0	0	0
provisions	0	0	13,173	0	0	0	0	0	0
total long term liabilities	740,153	743,271	426,037	0	0	0	0	0	0
total liabilities	1,990,829	1,367,162	1,116,777	1,071,095	76,623	10,625	26,075	3,739	6,256
net assets	-268,513	92,074	323,577	240,865	102,965	111,231	89,010	1,547	1,568
total shareholders funds	-268,513	92,074	323,577	240,865	102,965	111,231	89,010	1,547	1,568

	May 2021	May 2020	May 2019	May 2018	May 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-360,642	-231,551	102,003	170,241	-8,267	27,775	109,323	-31	2,030	0	0	0
Depreciation	38,125	37,724	34,257	26,046	0	0	0	0	0	0	0	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-19,381	-32,347	0	-5,555	-21,866	0	-468	0	0	0
Stock	290,503	211,963	-69,003	390,228	0	0	0	0	0	0	0	0
Debtors	103,907	-244,927	143,353	194,983	57,061	6,599	111,870	-3,041	6,161	0	0	0
Creditors	626,785	-66,850	-380,355	994,472	65,998	-15,450	22,336	-2,517	6,256	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-13,173	13,173	0	0	0	0	0	0	0	0	0
Cash flow from operations	-90,142	-240,886	-324,653	573,201	670	171	-2,077	493	1,657	0	0	0
Investing Activities
capital expenditure	-14,184	17,971	-89,241	-573,206	0	0	0	0	0	0	0	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-14,184	17,971	-89,241	-573,206	0	0	0	0	0	0	0	0
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-3,118	330,408	412,863	0	0	0	0	0	0	0	0	0
share issue	0	-6	88	0	-1	0	0	0	2	0	0	0
interest	54	54	4	5	2	1	6	10	4	0	0	0
cash flow from financing	-3,064	330,456	412,955	5	1	1	6	10	6	0	0	0
cash and cash equivalents
cash	-107,390	107,540	-937	0	670	172	-2,071	503	1,663	0	0	0
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-107,390	107,540	-937	0	670	172	-2,071	503	1,663	0	0	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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GOLA WOOD WORKS LTD group structure

Gola Wood Works Ltd has no subsidiary companies.

Ultimate parent company

GOLA WOOD WORKS LTD

NI069045

GOLA WOOD WORKS LTD Shareholders

sarah scullion	50%
rory scullion	50%

Gola Wood Works Ltd currently has 2 directors. The longest serving directors include Mr Rory Scullion (Apr 2008) and Mrs Sarah Scullion (Apr 2008).

officer	country	age	start	end	role
Mr Rory Scullion		59 years	Apr 2008	-	Director
Mrs Sarah Scullion		49 years	Apr 2008	-	Director

P&L

May 2021

turnover

2.6m

+20%

operating profit

-360.6k

gross margin

20.5%

-18.14%

turnover

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

Balance Sheet

May 2021

net assets

-268.5k

-3.92%

total assets

1.7m

+0.18%

cash

149.8

-1%

net assets

Total assets minus all liabilities

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company number

NI069045

Type

Private limited with Share Capital

industry

31090 - Manufacture of other furniture

incorporation date

April 2008

age

accounts

Unaudited Abridged

ultimate parent company

None

previous names

r & s scullion ltd (June 2017)

cccp (ni) ltd (October 2012)

incorporated

address

kpmg the soloist building, 1 lanyon place, belfast, BT1 3LP

last accounts submitted

May 2021

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 4 charges/mortgages relating to gola wood works ltd. Currently there are 3 open charges and 1 have been satisfied in the past.

gola wood works ltd Company Information

gola wood works ltd Estimated Valuation

gola wood works ltd Estimated Valuation

gola wood works ltd Estimated Valuation

Gola Wood Works Ltd Overview

Gola Wood Works Ltd Health Check

GOLA WOOD WORKS LTD financials

gola wood works ltd Credit Report and Business Information

Gola Wood Works Ltd Competitor Analysis

gola wood works ltd Ownership

gola wood works ltd directors

gola wood works ltd company details

gola wood works ltd Charges & Mortgages

gola wood works ltd Companies House Filings - See Documents