g&k contracts ltd.
g&k contracts ltd. Company Information
Company Number
NI619101
Website
www.gkcontractsltd.comRegistered Address
unit 1 glenone park, kilrea road, portglenone, antrim, BT44 8PE
Industry
Joinery installation
Telephone
02825820889
Next Accounts Due
July 2024
Group Structure
View All
Directors
Gavin McGlinchey10 Years
Shareholders
gavin mcglinchey 100%
g&k contracts ltd. Estimated Valuation
Pomanda estimates the enterprise value of G&K CONTRACTS LTD. at £151k based on a Turnover of £555.3k and 0.27x industry multiple (adjusted for size and gross margin).
g&k contracts ltd. Estimated Valuation
Pomanda estimates the enterprise value of G&K CONTRACTS LTD. at £146.6k based on an EBITDA of £48.1k and a 3.05x industry multiple (adjusted for size and gross margin).
g&k contracts ltd. Estimated Valuation
Pomanda estimates the enterprise value of G&K CONTRACTS LTD. at £209k based on Net Assets of £80.9k and 2.58x industry multiple (adjusted for liquidity).
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G&k Contracts Ltd. Overview
G&k Contracts Ltd. is a live company located in portglenone, BT44 8PE with a Companies House number of NI619101. It operates in the joinery installation sector, SIC Code 43320. Founded in June 2013, it's largest shareholder is gavin mcglinchey with a 100% stake. G&k Contracts Ltd. is a established, small sized company, Pomanda has estimated its turnover at £555.3k with declining growth in recent years.
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G&k Contracts Ltd. Health Check
Pomanda's financial health check has awarded G&K Contracts Ltd. a 5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
2 Weak
Size
annual sales of £555.3k, make it larger than the average company (£229.4k)
- G&k Contracts Ltd.
£229.4k - Industry AVG
Growth
3 year (CAGR) sales growth of -41%, show it is growing at a slower rate (2.5%)
- G&k Contracts Ltd.
2.5% - Industry AVG
Production
with a gross margin of 25.2%, this company has a comparable cost of product (25.2%)
- G&k Contracts Ltd.
25.2% - Industry AVG
Profitability
an operating margin of 7% make it as profitable than the average company (6.9%)
- G&k Contracts Ltd.
6.9% - Industry AVG
Employees
with 2 employees, this is similar to the industry average (2)
2 - G&k Contracts Ltd.
2 - Industry AVG
Pay Structure
on an average salary of £28k, the company has an equivalent pay structure (£28k)
- G&k Contracts Ltd.
£28k - Industry AVG
Efficiency
resulting in sales per employee of £277.6k, this is more efficient (£97.6k)
- G&k Contracts Ltd.
£97.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- G&k Contracts Ltd.
- - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (37 days)
- G&k Contracts Ltd.
37 days - Industry AVG
Stock Days
it holds stock equivalent to 102 days, this is more than average (18 days)
- G&k Contracts Ltd.
18 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 59 weeks, this is more cash available to meet short term requirements (29 weeks)
59 weeks - G&k Contracts Ltd.
29 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.8%, this is a similar level of debt than the average (68.2%)
74.8% - G&k Contracts Ltd.
68.2% - Industry AVG
g&k contracts ltd. Credit Report and Business Information
G&k Contracts Ltd. Competitor Analysis
Perform a competitor analysis for g&k contracts ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
g&k contracts ltd. Ownership
G&K CONTRACTS LTD. group structure
G&K Contracts Ltd. has no subsidiary companies.
Ultimate parent company
G&K CONTRACTS LTD.
NI619101
g&k contracts ltd. directors
G&K Contracts Ltd. currently has 1 director, Mr Gavin McGlinchey serving since Jun 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Gavin McGlinchey | Northern Ireland | 44 years | Jun 2013 | - | Director |
G&K CONTRACTS LTD. financials
G&K Contracts Ltd.'s latest turnover from October 2022 is estimated at £555.3 thousand and the company has net assets of £80.9 thousand. According to their latest financial statements, G&K Contracts Ltd. has 2 employees and maintains cash reserves of £168.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 3 | 3 | 3 | 8 | 6 | |||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 33,638 | 32,883 | 37,629 | 33,622 | 30,615 | 13,331 | 11,686 | 14,519 | 8,414 |
| 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 | 33,638 | 32,883 | 37,629 | 33,622 | 30,615 | 13,331 | 11,686 | 14,519 | 8,414 |
| Stock & work in progress | 117,002 | 267,000 | 0 | 0 | 330,033 | 232,078 | 214,899 | 110,808 | 112,545 |
| Trade Debtors | 0 | 0 | 479,361 | 447,009 | 42,658 | 27,759 | 44,405 | 20,489 | 79,056 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 1,909 | 5,227 | 342 | 586 | 575 | 561 | 551 | 0 | 0 |
| Cash | 168,734 | 127,994 | 0 | 0 | 190,784 | 160,272 | 16,701 | 113,688 | 29,459 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 287,645 | 400,221 | 479,703 | 447,595 | 564,050 | 420,670 | 276,556 | 244,985 | 221,060 |
| total assets | 321,283 | 433,104 | 517,332 | 481,217 | 594,665 | 434,001 | 288,242 | 259,504 | 229,474 |
| Bank overdraft | 63,319 | 21,545 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 50,373 | 205,741 | 368,472 | 395,912 | 279,060 | 324,467 | 154,468 | 233,121 | 178,160 |
| 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 | 32,798 | 107,770 | 0 | 0 | 206,359 | 65,117 | 126,669 | 0 | 0 |
| total current liabilities | 146,490 | 335,056 | 368,472 | 395,912 | 485,419 | 389,584 | 281,137 | 233,121 | 178,160 |
| 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 | 2,965 | 2,880 | 0 | 0 | 0 | 2,750 | 0 |
| other liabilities | 93,864 | 48,472 | 72,281 | 29,826 | 13,125 | 1,247 | 3,384 | 13,022 | 30,000 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 93,864 | 48,472 | 75,246 | 32,706 | 13,125 | 1,247 | 3,384 | 15,772 | 30,000 |
| total liabilities | 240,354 | 383,528 | 443,718 | 428,618 | 498,544 | 390,831 | 284,521 | 248,893 | 208,160 |
| net assets | 80,929 | 49,576 | 73,614 | 52,599 | 96,121 | 43,170 | 3,721 | 10,611 | 21,314 |
| total shareholders funds | 80,929 | 49,576 | 73,614 | 52,599 | 96,121 | 43,170 | 3,721 | 10,611 | 21,314 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 9,245 | 0 | 9,393 | 4,105 | 3,496 | 4,475 | 2,779 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | |||||||||
| Stock | -149,998 | 267,000 | 0 | -330,033 | 97,955 | 17,179 | 104,091 | -1,737 | 112,545 |
| Debtors | -3,318 | -474,476 | 32,108 | 404,362 | 14,913 | -16,636 | 24,467 | -58,567 | 79,056 |
| Creditors | -155,368 | -162,731 | -27,440 | 116,852 | -45,407 | 169,999 | -78,653 | 54,961 | 178,160 |
| Accruals and Deferred Income | -74,972 | 104,805 | 85 | -203,479 | 141,242 | -61,552 | 123,919 | 2,750 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 45,392 | -23,809 | 42,455 | 16,701 | 11,878 | -2,137 | -9,638 | -16,978 | 30,000 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 40,740 | 127,994 | 0 | -190,784 | 30,512 | 143,571 | -96,987 | 84,229 | 29,459 |
| overdraft | 41,774 | 21,545 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -1,034 | 106,449 | 0 | -190,784 | 30,512 | 143,571 | -96,987 | 84,229 | 29,459 |
P&L
October 2022turnover
555.3k
-62%
operating profit
38.9k
0%
gross margin
25.2%
-8.54%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
80.9k
+0.63%
total assets
321.3k
-0.26%
cash
168.7k
+0.32%
net assets
Total assets minus all liabilities
Similar Companies
g&k contracts ltd. company details
company number
NI619101
Type
Private limited with Share Capital
industry
43320 - Joinery installation
incorporation date
June 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1 glenone park, kilrea road, portglenone, antrim, BT44 8PE
last accounts submitted
October 2022
g&k contracts ltd. 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 g&k contracts ltd..
g&k contracts ltd. Companies House Filings - See Documents
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