gad developments ltd
gad developments ltd Company Information
Company Number
NI621880
Website
-Registered Address
37 mullahead road, tandragee, co. armagh, BT62 2LA
Industry
Construction of domestic buildings
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
mandy jayne cormican 33.3%
gary blackburn 33.3%
View Allgad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GAD DEVELOPMENTS LTD at £264.2k based on a Turnover of £721.6k and 0.37x industry multiple (adjusted for size and gross margin).
gad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GAD DEVELOPMENTS LTD at £0 based on an EBITDA of £-761.7k and a 2.97x industry multiple (adjusted for size and gross margin).
gad developments ltd Estimated Valuation
Pomanda estimates the enterprise value of GAD DEVELOPMENTS LTD at £157k based on Net Assets of £124.6k and 1.26x industry multiple (adjusted for liquidity).
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Gad Developments Ltd Overview
Gad Developments Ltd is a live company located in co. armagh, BT62 2LA with a Companies House number of NI621880. It operates in the construction of domestic buildings sector, SIC Code 41202. Founded in December 2013, it's largest shareholder is mandy jayne cormican with a 33.3% stake. Gad Developments Ltd is a established, small sized company, Pomanda has estimated its turnover at £721.6k with declining growth in recent years.
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Gad Developments Ltd Health Check
Pomanda's financial health check has awarded Gad Developments Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £721.6k, make it in line with the average company (£625.9k)
- Gad Developments Ltd
£625.9k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (7.4%)
- Gad Developments Ltd
7.4% - Industry AVG
Production
with a gross margin of 20.1%, this company has a comparable cost of product (20.1%)
- Gad Developments Ltd
20.1% - Industry AVG
Profitability
an operating margin of -105.7% make it less profitable than the average company (7.4%)
- Gad Developments Ltd
7.4% - Industry AVG
Employees
with 4 employees, this is similar to the industry average (4)
- Gad Developments Ltd
4 - Industry AVG
Pay Structure
on an average salary of £44.5k, the company has an equivalent pay structure (£44.5k)
- Gad Developments Ltd
£44.5k - Industry AVG
Efficiency
resulting in sales per employee of £180.4k, this is less efficient (£226.8k)
- Gad Developments Ltd
£226.8k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (24 days)
- Gad Developments Ltd
24 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (29 days)
- Gad Developments Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 798 days, this is more than average (231 days)
- Gad Developments Ltd
231 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (15 weeks)
4 weeks - Gad Developments Ltd
15 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 91.2%, this is a higher level of debt than the average (71.4%)
91.2% - Gad Developments Ltd
71.4% - Industry AVG
GAD DEVELOPMENTS LTD financials
Gad Developments Ltd's latest turnover from December 2022 is estimated at £721.6 thousand and the company has net assets of £124.6 thousand. According to their latest financial statements, we estimate that Gad Developments Ltd has 4 employees and maintains cash reserves of £117.8 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 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 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,874 | 3,593 | 1,241 | 0 | 0 | 0 | 0 | 0 | 295,700 |
| 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 | 2,874 | 3,593 | 1,241 | 0 | 0 | 0 | 0 | 0 | 295,700 |
| Stock & work in progress | 1,262,330 | 1,790,635 | 1,761,114 | 1,600,078 | 1,128,345 | 814,634 | 762,371 | 762,371 | 0 |
| Trade Debtors | 5,881 | 5,931 | 10,811 | 11,738 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 23,447 | 24,496 | 93,182 | 29,061 | 18,147 | 0 | 0 | 0 | 0 |
| Cash | 117,789 | 180,848 | 52,919 | 26,638 | 159,348 | 45,643 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 1,409,447 | 2,001,910 | 1,918,026 | 1,667,515 | 1,305,840 | 860,277 | 762,371 | 762,371 | 0 |
| total assets | 1,412,321 | 2,005,503 | 1,919,267 | 1,667,515 | 1,305,840 | 860,277 | 762,371 | 762,371 | 295,700 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 87,933 | 132,277 | 175,043 | 121,235 | 99,986 | 1 | 0 | 17,302 | 298,457 |
| 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 | 1,199,200 | 990,626 | 1,222,102 | 1,514,302 | 1,208,745 | 868,485 | 768,485 | 750,583 | 0 |
| total current liabilities | 1,287,133 | 1,122,903 | 1,397,145 | 1,635,537 | 1,308,731 | 868,486 | 768,485 | 767,885 | 298,457 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 546 | 719 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 546 | 719 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 1,287,679 | 1,123,622 | 1,397,145 | 1,635,537 | 1,308,731 | 868,486 | 768,485 | 767,885 | 298,457 |
| net assets | 124,642 | 881,881 | 522,122 | 31,978 | -2,891 | -8,209 | -6,114 | -5,514 | -2,757 |
| total shareholders funds | 124,642 | 881,881 | 522,122 | 31,978 | -2,891 | -8,209 | -6,114 | -5,514 | -2,757 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 719 | 898 | 310 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | |||||||||
| Stock | -528,305 | 29,521 | 161,036 | 471,733 | 313,711 | 52,263 | 0 | 762,371 | 0 |
| Debtors | -1,099 | -73,566 | 63,194 | 22,652 | 18,147 | 0 | 0 | 0 | 0 |
| Creditors | -44,344 | -42,766 | 53,808 | 21,249 | 99,985 | 1 | -17,302 | -281,155 | 298,457 |
| Accruals and Deferred Income | 208,574 | -231,476 | -292,200 | 305,557 | 340,260 | 100,000 | 17,902 | 750,583 | 0 |
| Deferred Taxes & Provisions | -173 | 719 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | -63,059 | 127,929 | 26,281 | -132,710 | 113,705 | 45,643 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -63,059 | 127,929 | 26,281 | -132,710 | 113,705 | 45,643 | 0 | 0 | 0 |
gad developments ltd Credit Report and Business Information
Gad Developments Ltd Competitor Analysis
Perform a competitor analysis for gad developments ltd by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gad developments ltd Ownership
GAD DEVELOPMENTS LTD group structure
Gad Developments Ltd has no subsidiary companies.
Ultimate parent company
GAD DEVELOPMENTS LTD
NI621880
gad developments ltd directors
Gad Developments Ltd currently has 2 directors. The longest serving directors include Mrs Mandy Cormican (Dec 2013) and Mr Andrew McLoughlin (Dec 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Mandy Cormican | United Kingdom | 47 years | Dec 2013 | - | Director |
| Mr Andrew McLoughlin | Northern Ireland | 55 years | Dec 2013 | - | Director |
P&L
December 2022turnover
721.6k
-33%
operating profit
-762.5k
0%
gross margin
20.1%
+8.4%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
124.6k
-0.86%
total assets
1.4m
-0.3%
cash
117.8k
-0.35%
net assets
Total assets minus all liabilities
gad developments ltd company details
company number
NI621880
Type
Private limited with Share Capital
industry
41202 - Construction of domestic buildings
incorporation date
December 2013
age
11
accounts
Total Exemption Full
ultimate parent company
previous names
N/A
incorporated
UK
address
37 mullahead road, tandragee, co. armagh, BT62 2LA
last accounts submitted
December 2022
gad developments 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 found 6 charges/mortgages relating to gad developments ltd. Currently there are 2 open charges and 4 have been satisfied in the past.
gad developments ltd Companies House Filings - See Documents
| date | description | view/download |
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