guitar guitar limited
guitar guitar limited Company Information
Company Number
SC247523
Website
www.guitarguitar.co.ukRegistered Address
guitar guitar limited, west avenue, paisley, PA1 2FB
Industry
Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
Telephone
01415529896
Next Accounts Due
February 2025
Group Structure
View All
Shareholders
guitar guitar eot trustees limited 60%
christopher mcbay 20%
View Allguitar guitar limited Estimated Valuation
Pomanda estimates the enterprise value of GUITAR GUITAR LIMITED at £33.9m based on a Turnover of £47.6m and 0.71x industry multiple (adjusted for size and gross margin).
guitar guitar limited Estimated Valuation
Pomanda estimates the enterprise value of GUITAR GUITAR LIMITED at £26.3m based on an EBITDA of £4.3m and a 6.07x industry multiple (adjusted for size and gross margin).
guitar guitar limited Estimated Valuation
Pomanda estimates the enterprise value of GUITAR GUITAR LIMITED at £28.2m based on Net Assets of £8.9m and 3.16x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Guitar Guitar Limited Overview
Guitar Guitar Limited is a live company located in paisley, PA1 2FB with a Companies House number of SC247523. It operates in the other retail sale of new goods in specialised stores (not commercial art galleries and opticians) sector, SIC Code 47789. Founded in April 2003, it's largest shareholder is guitar guitar eot trustees limited with a 60% stake. Guitar Guitar Limited is a mature, large sized company, Pomanda has estimated its turnover at £47.6m with healthy growth in recent years.
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Guitar Guitar Limited Health Check
Pomanda's financial health check has awarded Guitar Guitar Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 3 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
3 Weak
Size
annual sales of £47.6m, make it larger than the average company (£7.2m)
£47.6m - Guitar Guitar Limited
£7.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (4.9%)
10% - Guitar Guitar Limited
4.9% - Industry AVG
Production
with a gross margin of 27.1%, this company has a higher cost of product (43.4%)
27.1% - Guitar Guitar Limited
43.4% - Industry AVG
Profitability
an operating margin of 8.6% make it more profitable than the average company (6.5%)
8.6% - Guitar Guitar Limited
6.5% - Industry AVG
Employees
with 161 employees, this is above the industry average (41)
161 - Guitar Guitar Limited
41 - Industry AVG
Pay Structure
on an average salary of £35.1k, the company has a higher pay structure (£25k)
£35.1k - Guitar Guitar Limited
£25k - Industry AVG
Efficiency
resulting in sales per employee of £295.9k, this is more efficient (£126.7k)
£295.9k - Guitar Guitar Limited
£126.7k - Industry AVG
Debtor Days
it gets paid by customers after 0 days, this is earlier than average (12 days)
0 days - Guitar Guitar Limited
12 days - Industry AVG
Creditor Days
its suppliers are paid after 7 days, this is quicker than average (39 days)
7 days - Guitar Guitar Limited
39 days - Industry AVG
Stock Days
it holds stock equivalent to 91 days, this is in line with average (99 days)
91 days - Guitar Guitar Limited
99 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 28 weeks, this is more cash available to meet short term requirements (21 weeks)
28 weeks - Guitar Guitar Limited
21 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.5%, this is a lower level of debt than the average (60.5%)
23.5% - Guitar Guitar Limited
60.5% - Industry AVG
GUITAR GUITAR LIMITED financials
Guitar Guitar Limited's latest turnover from May 2023 is £47.6 million and the company has net assets of £8.9 million. According to their latest financial statements, Guitar Guitar Limited has 161 employees and maintains cash reserves of £1.4 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 47,639,478 | 45,979,339 | 44,479,603 | 35,489,623 | 33,144,792 | 30,541,829 | 28,002,474 | 24,749,892 | 24,653,173 | 22,474,124 | 18,627,360 | 15,606,343 | 10,848,442 | |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 34,735,950 | 33,367,558 | 32,192,191 | 25,686,597 | 24,127,566 | 21,885,653 | 19,875,757 | 17,499,710 | 17,219,497 | |||||
| Gross Profit | 12,903,528 | 12,611,781 | 12,287,412 | 9,803,026 | 9,017,226 | 8,656,176 | 8,126,717 | 7,250,182 | 7,433,676 | |||||
| Admin Expenses | 8,814,593 | 8,339,587 | 7,231,932 | 6,710,309 | 6,820,684 | 6,562,497 | 6,829,390 | 5,275,805 | 5,303,074 | |||||
| Operating Profit | 4,088,935 | 4,272,194 | 5,055,480 | 3,092,717 | 2,196,542 | 2,093,679 | 1,297,327 | 1,974,377 | 2,130,602 | 2,436,718 | 1,866,917 | 1,249,402 | 1,005,004 | |
| Interest Payable | 0 | 0 | 257 | 73 | 0 | 647 | 1,562 | 8,197 | 16,609 | 13,989 | 0 | 0 | 0 | |
| Interest Receivable | 13,381 | 949 | 618 | 5,842 | 3,648 | 2,102 | 713 | 4,231 | 1,855 | 2,074 | 775 | 395 | 403 | |
| Pre-Tax Profit | 4,102,316 | 4,273,143 | 5,055,841 | 3,098,486 | 2,200,190 | 2,095,134 | 1,296,478 | 1,970,411 | 2,115,848 | 2,424,803 | 1,867,692 | 1,249,797 | 1,005,407 | |
| Tax | -917,807 | -778,831 | -934,430 | -573,489 | -434,947 | -378,650 | -317,911 | -423,748 | -312,613 | -554,442 | -453,145 | -328,863 | -278,097 | |
| Profit After Tax | 3,184,509 | 3,494,312 | 4,121,411 | 2,524,997 | 1,765,243 | 1,716,484 | 978,567 | 1,546,663 | 1,803,235 | 1,870,361 | 1,414,547 | 920,934 | 727,310 | |
| Dividends Paid | 0 | 190,944 | 1,786,416 | 1,386,416 | 586,416 | 567,076 | 543,208 | 543,208 | 763,208 | 1,243,208 | 1,243,208 | 243,208 | 107,406 | |
| Retained Profit | 3,184,509 | 3,303,368 | 2,334,995 | 1,138,581 | 1,178,827 | 1,149,408 | 435,359 | 1,003,455 | 1,040,027 | 627,153 | 171,339 | 677,726 | 619,904 | |
| Employee Costs | 5,655,433 | 5,276,465 | 4,983,095 | 4,366,301 | 4,323,299 | 4,146,671 | 4,196,678 | 3,379,320 | 3,523,433 | 2,869,303 | 2,455,371 | 2,222,235 | 1,410,573 | |
| Number Of Employees | 161 | 157 | 147 | 147 | 144 | 142 | 140 | 116 | 104 | 99 | 87 | 75 | 47 | |
| EBITDA* | 4,333,598 | 4,494,097 | 5,265,040 | 3,305,205 | 2,467,788 | 2,310,523 | 1,504,356 | 2,114,056 | 2,260,149 | 2,550,037 | 1,960,201 | 1,342,674 | 1,084,683 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,336,309 | 1,513,374 | 1,076,659 | 1,173,177 | 1,239,643 | 1,248,266 | 1,324,751 | 785,069 | 787,047 | 778,439 | 580,385 | 631,699 | 686,583 | 381,366 |
| Intangible Assets | 0 | 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 | 1,336,309 | 1,513,374 | 1,076,659 | 1,173,177 | 1,239,643 | 1,248,266 | 1,324,751 | 785,069 | 787,047 | 778,439 | 580,385 | 631,699 | 686,583 | 381,366 |
| Stock & work in progress | 8,720,191 | 8,783,899 | 7,823,800 | 7,329,320 | 7,125,709 | 7,142,321 | 7,283,060 | 5,972,483 | 5,842,859 | 5,070,249 | 4,691,326 | 4,333,002 | 3,129,050 | 2,527,953 |
| Trade Debtors | 46,342 | 101,065 | 105,074 | 83,743 | 50,706 | 21,708 | 45,187 | 32,090 | 45,281 | 18,547 | 51,510 | 29,508 | 35,886 | 48,859 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 192,047 | 203,819 | 191,634 | 177,051 | 198,066 | 113,094 | 110,575 | 99,518 | 65,763 | 84,393 | 61,143 | 68,719 | 43,231 | 0 |
| Cash | 1,379,837 | 1,104,819 | 4,794,251 | 3,084,236 | 1,812,662 | 436,649 | 173,472 | 1,484,053 | 941,285 | 1,195,804 | 435,311 | 547,663 | 495,716 | 283,512 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 10,338,417 | 10,193,602 | 12,914,759 | 10,674,350 | 9,187,143 | 7,713,772 | 7,612,294 | 7,588,144 | 6,895,188 | 6,368,993 | 5,239,290 | 4,978,892 | 3,703,883 | 2,860,324 |
| total assets | 11,674,726 | 11,706,976 | 13,991,418 | 11,847,527 | 10,426,786 | 8,962,038 | 8,937,045 | 8,373,213 | 7,682,235 | 7,147,432 | 5,819,675 | 5,610,591 | 4,390,466 | 3,241,690 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 114,046 | 332,124 | 0 | 107,057 | 41,686 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 325,590 | 0 | 0 | 0 | 0 |
| Trade Creditors | 713,135 | 908,887 | 590,730 | 1,145,288 | 1,187,189 | 1,180,164 | 1,343,941 | 970,599 | 993,412 | 855,162 | 667,075 | 646,027 | 909,644 | 1,088,771 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 611,500 | 611,500 | 681,500 | 851,500 | 1,162,000 | 1,397,500 | 1,202,500 | 1,285,000 |
| 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 | 1,790,547 | 1,877,416 | 2,117,295 | 1,743,692 | 1,389,160 | 1,145,453 | 1,465,788 | 1,614,459 | 1,488,150 | 1,642,924 | 1,534,673 | 1,339,630 | 767,966 | 0 |
| total current liabilities | 2,503,682 | 2,786,303 | 2,708,025 | 2,888,980 | 2,576,349 | 2,325,617 | 3,421,229 | 3,310,604 | 3,495,186 | 3,675,176 | 3,470,805 | 3,424,843 | 2,880,110 | 2,373,771 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 119,254 | 454,717 | 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 | 1,684 | 5,051 | 8,418 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 233,799 | 167,937 | 92,358 | 102,507 | 132,978 | 96,105 | 121,541 | 100,326 | 102,233 | 88,637 | 43,754 | 48,604 | 47,571 | 21,672 |
| total long term liabilities | 233,799 | 167,937 | 92,358 | 102,507 | 132,978 | 97,789 | 126,592 | 108,744 | 221,487 | 543,354 | 43,754 | 48,604 | 47,571 | 21,672 |
| total liabilities | 2,737,481 | 2,954,240 | 2,800,383 | 2,991,487 | 2,709,327 | 2,423,406 | 3,547,821 | 3,419,348 | 3,716,673 | 4,218,530 | 3,514,559 | 3,473,447 | 2,927,681 | 2,395,443 |
| net assets | 8,937,245 | 8,752,736 | 11,191,035 | 8,856,040 | 7,717,459 | 6,538,632 | 5,389,224 | 4,953,865 | 3,965,562 | 2,928,902 | 2,305,116 | 2,137,144 | 1,462,785 | 846,247 |
| total shareholders funds | 8,937,245 | 8,752,736 | 11,191,035 | 8,856,040 | 7,717,459 | 6,538,632 | 5,389,224 | 4,953,865 | 3,965,562 | 2,928,902 | 2,305,116 | 2,137,144 | 1,462,785 | 846,247 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 4,088,935 | 4,272,194 | 5,055,480 | 3,092,717 | 2,196,542 | 2,093,679 | 1,297,327 | 1,974,377 | 2,130,602 | 2,436,718 | 1,866,917 | 1,249,402 | 1,005,004 | |
| Depreciation | 244,663 | 221,903 | 209,560 | 212,488 | 271,246 | 216,844 | 207,029 | 139,679 | 129,547 | 113,319 | 96,651 | 96,639 | 79,679 | 45,091 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,367 | -3,367 | 0 | 0 |
| Tax | -917,807 | -778,831 | -934,430 | -573,489 | -434,947 | -378,650 | -317,911 | -423,748 | -312,613 | -554,442 | -453,145 | -328,863 | -278,097 | |
| Stock | -63,708 | 960,099 | 494,480 | 203,611 | -16,612 | -140,739 | 1,310,577 | 129,624 | 772,610 | 378,923 | 358,324 | 1,203,952 | 601,097 | 2,527,953 |
| Debtors | -66,495 | 8,176 | 35,914 | 12,022 | 113,970 | -20,960 | 24,154 | 20,564 | 8,104 | -9,713 | 14,426 | 19,110 | 30,258 | 48,859 |
| Creditors | -195,752 | 318,157 | -554,558 | -41,901 | 7,025 | -163,777 | 373,342 | -22,813 | 138,250 | 188,087 | 21,048 | -263,617 | -179,127 | 1,088,771 |
| Accruals and Deferred Income | -86,869 | -239,879 | 373,603 | 354,532 | 242,023 | -323,702 | -152,038 | 134,727 | -154,774 | 108,251 | 195,043 | 571,664 | 767,966 | 0 |
| Deferred Taxes & Provisions | 65,862 | 75,579 | -10,149 | -30,471 | 36,873 | -25,436 | 21,215 | -1,907 | 13,596 | 44,883 | -4,850 | 1,033 | 25,899 | 21,672 |
| Cash flow from operations | 3,329,235 | 2,900,848 | 3,609,112 | 2,798,243 | 2,221,404 | 1,580,657 | 94,233 | 1,650,127 | 1,163,894 | 1,967,606 | 1,345,547 | 99,829 | 789,969 | |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -140,359 | -958,451 | -142,840 | -138,155 | -324,317 | -45,267 | -45,289 | -384,897 | |
| 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 | 0 | -140,359 | -958,451 | -142,840 | -138,155 | -324,317 | -45,267 | -45,289 | -384,897 | |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -325,590 | 325,590 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | -611,500 | 0 | -70,000 | -170,000 | -310,500 | -235,500 | 195,000 | -82,500 | 1,285,000 |
| 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 | -119,254 | -335,463 | 454,717 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 13,381 | 949 | 361 | 5,769 | 3,648 | 1,455 | -849 | -3,966 | -14,754 | -11,915 | 775 | 395 | 403 | |
| cash flow from financing | -2,986,619 | -5,740,718 | 361 | 5,769 | 3,648 | -610,045 | -849 | -208,372 | -849,174 | 454,525 | -238,092 | 192,028 | -85,463 | |
| cash and cash equivalents | ||||||||||||||
| cash | 275,018 | -3,689,432 | 1,710,015 | 1,271,574 | 1,376,013 | 263,177 | -1,310,581 | 542,768 | -254,519 | 760,493 | -112,352 | 51,947 | 212,204 | 283,512 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | -114,046 | -218,078 | 332,124 | -107,057 | 65,371 | 41,686 | 0 | 0 |
| change in cash | 275,018 | -3,689,432 | 1,710,015 | 1,271,574 | 1,376,013 | 263,177 | -1,196,535 | 760,846 | -586,643 | 867,550 | -177,723 | 10,261 | 212,204 | 283,512 |
guitar guitar limited Credit Report and Business Information
Guitar Guitar Limited Competitor Analysis
Perform a competitor analysis for guitar guitar limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in PA1 area or any other competitors across 12 key performance metrics.
guitar guitar limited Ownership
GUITAR GUITAR LIMITED group structure
Guitar Guitar Limited has no subsidiary companies.
Ultimate parent company
GUITAR GUITAR LIMITED
SC247523
guitar guitar limited directors
Guitar Guitar Limited currently has 9 directors. The longest serving directors include Mr Christopher McBay (Apr 2003) and Mr Sean Condie (Aug 2005).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Christopher McBay | 73 years | Apr 2003 | - | Director | |
| Mr Sean Condie | Scotland | 52 years | Aug 2005 | - | Director |
| Mr Graham Bell | United Kingdom | 65 years | Apr 2009 | - | Director |
| Mr Mark McKenzie | Scotland | 40 years | Jun 2009 | - | Director |
| Mr Steven Mills | Scotland | 47 years | Sep 2011 | - | Director |
| Mr Andrew Henderson | Scotland | 41 years | Jan 2016 | - | Director |
| Mr Robert Simpson | England | 37 years | May 2022 | - | Director |
| Mr Adam Speck | Scotland | 40 years | May 2022 | - | Director |
| Mr Rowan Spicer | Scotland | 45 years | May 2022 | - | Director |
P&L
May 2023turnover
47.6m
+4%
operating profit
4.1m
-4%
gross margin
27.1%
-1.25%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
8.9m
+0.02%
total assets
11.7m
0%
cash
1.4m
+0.25%
net assets
Total assets minus all liabilities
guitar guitar limited company details
company number
SC247523
Type
Private limited with Share Capital
industry
47789 - Other retail sale of new goods in specialised stores (other than by opticians or commercial art galleries), n.e.c
incorporation date
April 2003
age
21
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
stoneybrae limited (December 2003)
accountant
-
auditor
THOMPSON COOPER
address
guitar guitar limited, west avenue, paisley, PA1 2FB
Bank
THE ROYAL BANK OF SCOTLAND PLC
Legal Advisor
-
guitar guitar 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 1 charges/mortgages relating to guitar guitar limited. Currently there are 1 open charges and 0 have been satisfied in the past.
guitar guitar limited Companies House Filings - See Documents
| date | description | view/download |
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