g.s. associates (scotland) limited
g.s. associates (scotland) limited Company Information
Company Number
SC172127
Next Accounts
Mar 2025
Shareholders
absa bank limited (acting through its corporate & investment banking division)
Group Structure
View All
Industry
General cleaning of buildings
Registered Address
abbeymill business centre, 12 seedhill road, paisley, PA1 1JS
Website
www.gs-associates.co.ukg.s. associates (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. ASSOCIATES (SCOTLAND) LIMITED at £54.3m based on a Turnover of £69.8m and 0.78x industry multiple (adjusted for size and gross margin).
g.s. associates (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. ASSOCIATES (SCOTLAND) LIMITED at £49m based on an EBITDA of £7.7m and a 6.33x industry multiple (adjusted for size and gross margin).
g.s. associates (scotland) limited Estimated Valuation
Pomanda estimates the enterprise value of G.S. ASSOCIATES (SCOTLAND) LIMITED at £35.9m based on Net Assets of £15.1m and 2.38x industry multiple (adjusted for liquidity).
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G.s. Associates (scotland) Limited Overview
G.s. Associates (scotland) Limited is a live company located in paisley, PA1 1JS with a Companies House number of SC172127. It operates in the general cleaning of buildings sector, SIC Code 81210. Founded in February 1997, it's largest shareholder is absa bank limited (acting through its corporate & investment banking division) with a 100% stake. G.s. Associates (scotland) Limited is a mature, large sized company, Pomanda has estimated its turnover at £69.8m with high growth in recent years.
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G.s. Associates (scotland) Limited Health Check
Pomanda's financial health check has awarded G.S. Associates (Scotland) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £69.8m, make it larger than the average company (£267.2k)
£69.8m - G.s. Associates (scotland) Limited
£267.2k - Industry AVG
Growth
3 year (CAGR) sales growth of 24%, show it is growing at a faster rate (5.9%)
24% - G.s. Associates (scotland) Limited
5.9% - Industry AVG
Production
with a gross margin of 21.6%, this company has a comparable cost of product (25.6%)
21.6% - G.s. Associates (scotland) Limited
25.6% - Industry AVG
Profitability
an operating margin of 10.6% make it more profitable than the average company (3.7%)
10.6% - G.s. Associates (scotland) Limited
3.7% - Industry AVG
Employees
with 3142 employees, this is above the industry average (18)
3142 - G.s. Associates (scotland) Limited
18 - Industry AVG
Pay Structure
on an average salary of £18k, the company has a higher pay structure (£13.9k)
£18k - G.s. Associates (scotland) Limited
£13.9k - Industry AVG
Efficiency
resulting in sales per employee of £22.2k, this is equally as efficient (£24.5k)
£22.2k - G.s. Associates (scotland) Limited
£24.5k - Industry AVG
Debtor Days
it gets paid by customers after 61 days, this is later than average (50 days)
61 days - G.s. Associates (scotland) Limited
50 days - Industry AVG
Creditor Days
its suppliers are paid after 2 days, this is quicker than average (14 days)
2 days - G.s. Associates (scotland) Limited
14 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is in line with average (1 days)
2 days - G.s. Associates (scotland) Limited
1 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 26 weeks, this is more cash available to meet short term requirements (21 weeks)
26 weeks - G.s. Associates (scotland) Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 33.2%, this is a lower level of debt than the average (62.7%)
33.2% - G.s. Associates (scotland) Limited
62.7% - Industry AVG
G.S. ASSOCIATES (SCOTLAND) LIMITED financials
G.S. Associates (Scotland) Limited's latest turnover from June 2023 is £69.8 million and the company has net assets of £15.1 million. According to their latest financial statements, G.S. Associates (Scotland) Limited has 3,142 employees and maintains cash reserves of £3.8 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 69,828,920 | 43,357,407 | 37,292,949 | 36,188,504 | 27,180,716 | 19,051,104 | 23,322,013 | 23,031,508 | 16,415,441 | 19,483,994 | 30,003,949 | 34,423,251 | 30,068,484 | 25,150,476 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 54,720,061 | 34,856,070 | 33,694,151 | 29,313,022 | 22,000,950 | 15,066,938 | 18,088,444 | 17,378,948 | 12,124,764 | 14,091,722 | 22,723,290 | 27,053,227 | 22,913,412 | 19,838,162 |
| Gross Profit | 15,108,859 | 8,501,337 | 3,598,798 | 6,875,482 | 5,179,766 | 3,984,166 | 5,233,569 | 5,652,560 | 4,290,677 | 5,392,272 | 7,280,659 | 7,370,024 | 7,155,072 | 5,312,314 |
| Admin Expenses | 7,709,071 | 4,643,333 | 1,390,713 | 5,292,165 | 4,349,907 | 4,106,027 | 6,232,803 | 4,785,323 | 3,703,559 | 4,845,454 | 6,606,835 | 6,652,570 | 6,026,584 | 4,408,571 |
| Operating Profit | 7,399,788 | 3,858,004 | 2,208,085 | 1,583,317 | 829,859 | -121,861 | -999,234 | 867,237 | 587,118 | 546,818 | 673,824 | 717,454 | 1,128,488 | 903,743 |
| Interest Payable | 36,386 | 24,255 | 25,401 | 117,288 | 123,221 | 84,058 | 151,839 | 135,682 | 105,939 | 176,697 | 217,393 | 294,440 | 243,439 | 264,169 |
| Interest Receivable | 26,981 | 0 | 1,906 | 3,036 | 281 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 7,390,383 | 3,833,749 | 2,184,590 | 1,469,065 | 706,919 | -205,919 | -1,151,073 | 731,555 | 481,179 | 370,121 | 456,431 | 423,014 | 885,049 | 639,574 |
| Tax | -1,262,476 | -686,788 | -422,754 | -286,137 | -138,977 | 35,654 | 221,292 | -155,174 | -88,437 | -25,977 | -89,895 | -107,720 | -292,480 | -178,409 |
| Profit After Tax | 6,127,907 | 3,146,961 | 1,761,836 | 1,182,928 | 567,942 | -170,265 | -929,781 | 576,381 | 392,742 | 344,144 | 366,536 | 315,294 | 592,569 | 461,165 |
| Dividends Paid | 0 | 354,006 | 216,428 | 217,000 | 100,000 | 69,000 | 60,000 | 0 | 0 | 0 | 50,000 | 105,000 | 110,000 | 150,000 |
| Retained Profit | 6,127,907 | 2,792,955 | 1,545,408 | 965,928 | 467,942 | -239,265 | -989,781 | 576,381 | 392,742 | 344,144 | 316,536 | 210,294 | 482,569 | 311,165 |
| Employee Costs | 56,586,683 | 36,102,076 | 34,835,580 | 29,878,982 | 22,704,548 | 16,085,133 | 19,103,006 | 17,826,400 | 12,693,254 | 15,095,919 | 22,818,234 | 27,296,022 | 23,338,974 | 19,946,743 |
| Number Of Employees | 3,142 | 3,236 | 3,326 | 3,040 | 3,150 | 2,161 | 2,572 | 2,800 | 1,859 | 1,531 | 3,261 | 3,869 | 2,546 | 2,274 |
| EBITDA* | 7,739,027 | 4,510,109 | 2,615,107 | 1,995,455 | 1,176,114 | 296,771 | -292,697 | 1,683,189 | 1,418,765 | 1,905,072 | 1,696,380 | 1,734,238 | 2,125,839 | 1,773,616 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 584,197 | 786,614 | 591,559 | 998,582 | 1,217,189 | 1,081,470 | 2,649,802 | 4,558,778 | 4,665,072 | 5,248,492 | 5,693,724 | 5,692,912 | 5,493,794 | 4,996,685 |
| Intangible Assets | 83,890 | 0 | 0 | 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 | 668,087 | 786,614 | 591,559 | 998,582 | 1,217,189 | 1,081,470 | 2,649,802 | 4,558,778 | 4,665,072 | 5,248,492 | 5,693,724 | 5,692,912 | 5,493,794 | 4,996,685 |
| Stock & work in progress | 309,738 | 315,770 | 551,969 | 888,980 | 898,230 | 939,074 | 934,384 | 996,629 | 795,312 | 730,117 | 726,932 | 878,195 | 838,397 | 795,154 |
| Trade Debtors | 11,772,559 | 12,619,601 | 7,074,328 | 6,975,642 | 5,779,991 | 3,401,269 | 2,208,383 | 5,491,337 | 2,967,521 | 2,995,847 | 2,822,918 | 4,725,792 | 3,330,638 | 3,230,505 |
| Group Debtors | 5,444,595 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 569,628 | 348,452 | 957,054 | 1,384,333 | 1,507,268 | 1,026,150 | 608,093 | 460,215 | 66,812 | 57,677 | 157,360 | 162,071 | 72,544 | 287,424 |
| Cash | 3,792,703 | 1,637,556 | 3,560,748 | 178,598 | 13,234 | 3,608 | 298,756 | 2,225 | 365 | 365 | 2,637 | 2,678 | 900 | 674 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 21,889,223 | 14,921,379 | 12,144,099 | 9,427,553 | 8,198,723 | 5,370,101 | 4,049,616 | 6,950,406 | 3,830,010 | 3,784,006 | 3,709,847 | 5,768,736 | 4,242,479 | 4,313,757 |
| total assets | 22,557,310 | 15,707,993 | 12,735,658 | 10,426,135 | 9,415,912 | 6,451,571 | 6,699,418 | 11,509,184 | 8,495,082 | 9,032,498 | 9,403,571 | 11,461,648 | 9,736,273 | 9,310,442 |
| Bank overdraft | 0 | 0 | 0 | 2,153,041 | 3,242,400 | 1,326,780 | 953,966 | 4,000,024 | 2,147,157 | 2,915,085 | 3,094,296 | 3,821,165 | 2,397,773 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,071,476 |
| Trade Creditors | 379,025 | 562,327 | 264,980 | 431,943 | 274,623 | 239,046 | 216,220 | 541,238 | 194,596 | 213,873 | 224,955 | 526,678 | 492,036 | 580,694 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 924 | 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 | 166,372 | 249,559 | 9,022 | 35,126 | 148,770 | 299,609 | 430,555 | 418,862 | 313,958 | 505,191 | 808,576 | 755,465 | 1,167,872 | 1,174,079 |
| other current liabilities | 6,945,352 | 5,687,098 | 6,492,398 | 3,373,153 | 2,248,049 | 1,481,589 | 1,339,366 | 1,552,676 | 1,172,201 | 893,990 | 1,585,072 | 3,074,888 | 2,548,859 | 2,201,371 |
| total current liabilities | 7,490,749 | 6,498,984 | 6,766,400 | 5,993,263 | 5,913,842 | 3,347,948 | 2,940,107 | 6,512,800 | 3,827,912 | 4,528,139 | 5,712,899 | 8,178,196 | 6,606,540 | 6,027,620 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 87,132 | 238,685 | 482,443 | 532,703 | 0 | 0 | 0 | 102,295 |
| hp & lease commitments | 0 | 270,355 | 0 | 9,022 | 44,148 | 113,643 | 416,430 | 187,799 | 245,902 | 432,266 | 545,272 | 407,587 | 533,209 | 1,158,293 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 26,504 | 350,874 | 296,180 | 289,487 | 239,641 | 286,642 | 217,595 | 125,874 |
| total long term liabilities | 0 | 270,355 | 0 | 9,022 | 44,148 | 113,643 | 530,066 | 777,358 | 1,024,525 | 1,254,456 | 784,913 | 694,229 | 750,804 | 1,386,462 |
| total liabilities | 7,490,749 | 6,769,339 | 6,766,400 | 6,002,285 | 5,957,990 | 3,461,591 | 3,470,173 | 7,290,158 | 4,852,437 | 5,782,595 | 6,497,812 | 8,872,425 | 7,357,344 | 7,414,082 |
| net assets | 15,066,561 | 8,938,654 | 5,969,258 | 4,423,850 | 3,457,922 | 2,989,980 | 3,229,245 | 4,219,026 | 3,642,645 | 3,249,903 | 2,905,759 | 2,589,223 | 2,378,929 | 1,896,360 |
| total shareholders funds | 15,066,561 | 8,938,654 | 5,969,258 | 4,423,850 | 3,457,922 | 2,989,980 | 3,229,245 | 4,219,026 | 3,642,645 | 3,249,903 | 2,905,759 | 2,589,223 | 2,378,929 | 1,896,360 |
| Jun 2023 | Jan 2022 | Jan 2021 | Jan 2020 | Jan 2019 | Jan 2018 | Jan 2017 | Jan 2016 | Jan 2015 | Jan 2014 | Jul 2012 | Jul 2011 | Jul 2010 | Jul 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 7,399,788 | 3,858,004 | 2,208,085 | 1,583,317 | 829,859 | -121,861 | -999,234 | 867,237 | 587,118 | 546,818 | 673,824 | 717,454 | 1,128,488 | 903,743 |
| Depreciation | 339,239 | 652,105 | 407,022 | 412,138 | 346,255 | 418,632 | 706,537 | 815,952 | 831,647 | 1,358,254 | 1,022,556 | 1,016,784 | 997,351 | 869,873 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -1,262,476 | -686,788 | -422,754 | -286,137 | -138,977 | 35,654 | 221,292 | -155,174 | -88,437 | -25,977 | -89,895 | -107,720 | -292,480 | -178,409 |
| Stock | -6,032 | -236,199 | -337,011 | -9,250 | -40,844 | 4,690 | -62,245 | 201,317 | 65,195 | 730,117 | -151,263 | 39,798 | 43,243 | 795,154 |
| Debtors | 4,818,729 | 4,936,671 | -328,593 | 1,072,716 | 2,859,840 | 1,610,943 | -3,135,076 | 2,917,219 | -19,191 | 3,053,524 | -1,907,585 | 1,484,681 | -114,747 | 3,517,929 |
| Creditors | -183,302 | 297,347 | -166,963 | 157,320 | 35,577 | 22,826 | -325,018 | 346,642 | -19,277 | 213,873 | -301,723 | 34,642 | -88,658 | 580,694 |
| Accruals and Deferred Income | 1,258,254 | -805,300 | 3,119,245 | 1,125,104 | 766,460 | 142,223 | -213,310 | 380,475 | 278,211 | 893,990 | -1,489,816 | 526,029 | 347,488 | 2,201,371 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | -26,504 | -324,370 | 54,694 | 6,693 | 289,487 | -47,001 | 69,047 | 91,721 | 125,874 |
| Cash flow from operations | 2,738,806 | -1,385,104 | 5,810,239 | 1,928,276 | -979,822 | -1,144,663 | 2,263,218 | -808,710 | 1,549,951 | -507,196 | 1,826,793 | 731,757 | 2,255,414 | 190,063 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -481,974 | 370,000 | -458,861 | -709,658 | -248,227 | -665,950 | -1,287,837 | -1,229,022 | -1,535,235 | -2,541,742 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | -481,974 | 370,000 | -458,861 | -709,658 | -248,227 | -665,950 | -1,287,837 | -1,229,022 | -1,535,235 | -2,541,742 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2,071,476 | 2,071,476 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -924 | 924 | 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 | -87,132 | -151,553 | -243,758 | -50,260 | 532,703 | 0 | 0 | -102,295 | 102,295 |
| Hire Purchase and Lease Commitments | -353,542 | 510,892 | -35,126 | -148,770 | -220,334 | -433,733 | 240,324 | 46,801 | -377,597 | 937,457 | 190,796 | -538,029 | -631,291 | 2,332,372 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -9,405 | -24,255 | -23,495 | -114,252 | -122,940 | -84,058 | -151,839 | -135,682 | -105,939 | -176,697 | -217,393 | -294,440 | -243,439 | -264,169 |
| cash flow from financing | -362,947 | 663,078 | -58,621 | -263,022 | -344,198 | -603,999 | -63,068 | -332,639 | -533,796 | 4,199,222 | -26,597 | -832,469 | -3,048,501 | 5,827,169 |
| cash and cash equivalents | ||||||||||||||
| cash | 2,155,147 | -1,923,192 | 3,382,150 | 165,364 | 9,626 | -295,148 | 296,531 | 1,860 | 0 | 365 | -41 | 1,778 | 226 | 674 |
| overdraft | 0 | 0 | -2,153,041 | -1,089,359 | 1,915,620 | 372,814 | -3,046,058 | 1,852,867 | -767,928 | 2,915,085 | -726,869 | 1,423,392 | 2,397,773 | 0 |
| change in cash | 2,155,147 | -1,923,192 | 5,535,191 | 1,254,723 | -1,905,994 | -667,962 | 3,342,589 | -1,851,007 | 767,928 | -2,914,720 | 726,828 | -1,421,614 | -2,397,547 | 674 |
g.s. associates (scotland) limited Credit Report and Business Information
G.s. Associates (scotland) Limited Competitor Analysis
Perform a competitor analysis for g.s. associates (scotland) limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in PA1 area or any other competitors across 12 key performance metrics.
g.s. associates (scotland) limited Ownership
G.S. ASSOCIATES (SCOTLAND) LIMITED group structure
G.S. Associates (Scotland) Limited has no subsidiary companies.
Ultimate parent company
G.S. ASSOCIATES (SCOTLAND) LIMITED
SC172127
g.s. associates (scotland) limited directors
G.S. Associates (Scotland) Limited currently has 5 directors. The longest serving directors include Ms Lisa Laird (Jan 2018) and Ms Laura Murphy (Aug 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Lisa Laird | United Kingdom | 50 years | Jan 2018 | - | Director |
| Ms Laura Murphy | Scotland | 42 years | Aug 2021 | - | Director |
| Mr Clinton Phipps | United Kingdom | 54 years | Jul 2022 | - | Director |
| Mr Gordon Hulley | South Africa | 54 years | Jul 2022 | - | Director |
| Mr Gordon Hulley | South Africa | 54 years | Jul 2022 | - | Director |
P&L
June 2023turnover
69.8m
+61%
operating profit
7.4m
+92%
gross margin
21.7%
+10.35%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
15.1m
+0.69%
total assets
22.6m
+0.44%
cash
3.8m
+1.32%
net assets
Total assets minus all liabilities
g.s. associates (scotland) limited company details
company number
SC172127
Type
Private limited with Share Capital
industry
81210 - General cleaning of buildings
incorporation date
February 1997
age
28
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
June 2023
previous names
gwyneth brown enterprises limited (August 1998)
springford limited (February 1997)
accountant
HALKIN LERMAN DAVIS LIMITED
auditor
-
address
abbeymill business centre, 12 seedhill road, paisley, PA1 1JS
Bank
BANK OF SCOTLAND
Legal Advisor
-
g.s. associates (scotland) limited 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 10 charges/mortgages relating to g.s. associates (scotland) limited. Currently there are 1 open charges and 9 have been satisfied in the past.
g.s. associates (scotland) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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g.s. associates (scotland) limited Companies House Filings - See Documents
| date | description | view/download |
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