gael force engineering limited
gael force engineering limited Company Information
Company Number
SC394817
Website
www.gaelforcemarine.co.ukRegistered Address
136 anderson street, inverness, inverness-shire, IV3 8DH
Industry
Manufacture of other special-purpose machinery n.e.c.
Building of ships and floating structures
Telephone
01463229400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
gael force group ltd 100%
gael force engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GAEL FORCE ENGINEERING LIMITED at £2.5m based on a Turnover of £5.2m and 0.49x industry multiple (adjusted for size and gross margin).
gael force engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GAEL FORCE ENGINEERING LIMITED at £0 based on an EBITDA of £-334.6k and a 3.83x industry multiple (adjusted for size and gross margin).
gael force engineering limited Estimated Valuation
Pomanda estimates the enterprise value of GAEL FORCE ENGINEERING LIMITED at £4.1m based on Net Assets of £1.5m and 2.66x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Gael Force Engineering Limited Overview
Gael Force Engineering Limited is a live company located in inverness-shire, IV3 8DH with a Companies House number of SC394817. It operates in the manufacture of other special-purpose machinery n.e.c. sector, SIC Code 28990. Founded in March 2011, it's largest shareholder is gael force group ltd with a 100% stake. Gael Force Engineering Limited is a established, mid sized company, Pomanda has estimated its turnover at £5.2m with declining growth in recent years.
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Gael Force Engineering Limited Health Check
Pomanda's financial health check has awarded Gael Force Engineering Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 8 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
8 Weak
Size
annual sales of £5.2m, make it smaller than the average company (£15.3m)
£5.2m - Gael Force Engineering Limited
£15.3m - Industry AVG
Growth
3 year (CAGR) sales growth of -22%, show it is growing at a slower rate (-0.3%)
-22% - Gael Force Engineering Limited
-0.3% - Industry AVG
Production
with a gross margin of 16.9%, this company has a higher cost of product (23.9%)
16.9% - Gael Force Engineering Limited
23.9% - Industry AVG
Profitability
an operating margin of -8.1% make it less profitable than the average company (4.7%)
-8.1% - Gael Force Engineering Limited
4.7% - Industry AVG
Employees
with 42 employees, this is below the industry average (81)
42 - Gael Force Engineering Limited
81 - Industry AVG
Pay Structure
on an average salary of £39.2k, the company has an equivalent pay structure (£46.2k)
£39.2k - Gael Force Engineering Limited
£46.2k - Industry AVG
Efficiency
resulting in sales per employee of £124.5k, this is less efficient (£159.3k)
£124.5k - Gael Force Engineering Limited
£159.3k - Industry AVG
Debtor Days
it gets paid by customers after 22 days, this is earlier than average (46 days)
22 days - Gael Force Engineering Limited
46 days - Industry AVG
Creditor Days
its suppliers are paid after 21 days, this is quicker than average (43 days)
21 days - Gael Force Engineering Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (85 days)
12 days - Gael Force Engineering Limited
85 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 11 weeks, this is average cash available to meet short term requirements (13 weeks)
11 weeks - Gael Force Engineering Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 76%, this is a higher level of debt than the average (55.2%)
76% - Gael Force Engineering Limited
55.2% - Industry AVG
GAEL FORCE ENGINEERING LIMITED financials
Gael Force Engineering Limited's latest turnover from December 2022 is £5.2 million and the company has net assets of £1.5 million. According to their latest financial statements, Gael Force Engineering Limited has 42 employees and maintains cash reserves of £971.3 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 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,228,166 | 5,866,025 | 11,636,352 | 11,194,229 | 7,066,324 | 7,071,378 | ||||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Cost Of Sales | 4,342,324 | 5,040,005 | 9,220,667 | 9,132,712 | 4,756,674 | 4,851,688 | ||||||
| Gross Profit | 885,842 | 826,020 | 2,415,685 | 2,061,517 | 2,309,650 | 2,219,690 | ||||||
| Admin Expenses | 1,309,353 | 1,375,644 | 1,675,117 | 1,838,466 | 1,833,613 | 1,700,968 | ||||||
| Operating Profit | -423,511 | -549,624 | 740,568 | 223,051 | 476,037 | 518,722 | ||||||
| Interest Payable | 647 | 1,401 | 3,189 | 4,847 | 4,462 | 6,037 | ||||||
| Interest Receivable | 0 | 0 | 408 | 0 | 0 | 0 | ||||||
| Pre-Tax Profit | -424,158 | -551,025 | 737,787 | 218,204 | 471,575 | 512,685 | ||||||
| Tax | 99,605 | 154,768 | -160,982 | 241,328 | -77,661 | -114,137 | ||||||
| Profit After Tax | -324,553 | -396,257 | 576,805 | 459,532 | 393,914 | 398,548 | ||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | ||||||
| Retained Profit | -324,553 | -396,257 | 576,805 | 459,532 | 393,914 | 398,548 | ||||||
| Employee Costs | 1,648,305 | 1,989,856 | 2,241,837 | 2,871,637 | 2,771,163 | 2,166,762 | ||||||
| Number Of Employees | 42 | 42 | 62 | 79 | 74 | 62 | 53 | 80 | ||||
| EBITDA* | -334,558 | -445,362 | 908,890 | 365,334 | 573,541 | 634,404 |
* 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 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 171,425 | 250,573 | 268,619 | 386,926 | 359,187 | 468,025 | 502,043 | 401,724 | 301,698 | 0 | 0 | 0 |
| Intangible Assets | 835,855 | 16,684 | 11,033 | 18,389 | 98,993 | 402,983 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 71,858 | 71,858 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 1,007,280 | 267,257 | 279,652 | 405,315 | 458,180 | 871,008 | 502,043 | 473,582 | 373,556 | 0 | 0 | 0 |
| Stock & work in progress | 144,341 | 722,358 | 341,595 | 275,682 | 394,318 | 207,336 | 167,570 | 451,298 | 91,515 | 0 | 0 | 0 |
| Trade Debtors | 328,006 | 72,531 | 902,657 | 1,627,642 | 1,445,370 | 1,210,166 | 462,061 | 540,869 | 387,276 | 0 | 0 | 0 |
| Group Debtors | 3,318,857 | 2,050,232 | 2,699,366 | 2,046,533 | 2,062,633 | 833,768 | 674,707 | 442,625 | 534,481 | 0 | 0 | 0 |
| Misc Debtors | 698,032 | 680,317 | 785,342 | 543,082 | 381,215 | 386,981 | 146,923 | 473,889 | 646,662 | 0 | 0 | 0 |
| Cash | 971,276 | 1,114,592 | 633,720 | 501,027 | 6,246 | 451,891 | 41,304 | 11,805 | 10,529 | 0 | 0 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,460,512 | 4,640,030 | 5,362,680 | 4,993,966 | 4,289,782 | 3,090,142 | 1,492,565 | 1,920,486 | 1,670,463 | 0 | 0 | 0 |
| total assets | 6,467,792 | 4,907,287 | 5,642,332 | 5,399,281 | 4,747,962 | 3,961,150 | 1,994,608 | 2,394,068 | 2,044,019 | 0 | 0 | 0 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 255,545 | 252,333 | 1,091,410 | 470,062 | 785,340 | 656,088 | 370,380 | 274,030 | 546,167 | 0 | 0 | 0 |
| Group/Directors Accounts | 1,339,866 | 1,113,590 | 151,831 | 187,653 | 287,464 | 20,107 | 139,676 | 511,936 | 315,129 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 12,366 | 27,015 | 41,015 | 0 | 0 | 43,690 | 35,611 | 46,036 | 0 | 0 | 0 |
| other current liabilities | 2,847,194 | 1,608,681 | 2,042,328 | 2,898,659 | 2,335,673 | 2,035,921 | 429,225 | 751,797 | 668,684 | 0 | 0 | 0 |
| total current liabilities | 4,442,605 | 2,986,970 | 3,312,584 | 3,597,389 | 3,408,477 | 2,712,116 | 982,971 | 1,573,374 | 1,576,016 | 0 | 0 | 0 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 11,611 | 16,397 | 28,763 | 71,577 | 0 | 0 | 0 | 10,056 | 42,593 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 417,642 | 0 | 0 | 0 | 53,149 | 95,988 | 108,314 | 0 | 0 | 0 | 0 | 0 |
| provisions | 46,301 | 29,734 | 30,542 | 36,677 | 52,230 | 35,140 | 57,279 | 18,175 | 26,861 | 0 | 0 | 0 |
| total long term liabilities | 475,554 | 46,131 | 59,305 | 108,254 | 105,379 | 131,128 | 165,593 | 28,231 | 69,454 | 0 | 0 | 0 |
| total liabilities | 4,918,159 | 3,033,101 | 3,371,889 | 3,705,643 | 3,513,856 | 2,843,244 | 1,148,564 | 1,601,605 | 1,645,470 | 0 | 0 | 0 |
| net assets | 1,549,633 | 1,874,186 | 2,270,443 | 1,693,638 | 1,234,106 | 1,117,906 | 846,044 | 792,463 | 398,549 | 0 | 0 | 0 |
| total shareholders funds | 1,549,633 | 1,874,186 | 2,270,443 | 1,693,638 | 1,234,106 | 1,117,906 | 846,044 | 792,463 | 398,549 | 0 | 0 | 0 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -423,511 | -549,624 | 740,568 | 223,051 | 476,037 | 518,722 | ||||||
| Depreciation | 73,660 | 90,585 | 160,967 | 134,928 | 135,275 | 124,215 | 87,600 | 97,504 | 115,682 | |||
| Amortisation | 15,293 | 13,677 | 7,355 | 7,355 | 87,077 | 26,178 | 0 | 0 | 0 | |||
| Tax | 99,605 | 154,768 | -160,982 | 241,328 | -77,661 | -114,137 | ||||||
| Stock | -578,017 | 380,763 | 65,913 | -118,636 | 186,982 | 39,766 | -283,728 | 359,783 | 91,515 | 0 | 0 | 0 |
| Debtors | 1,541,815 | -1,584,285 | 170,108 | 328,039 | 1,458,303 | 1,147,224 | -173,692 | -111,036 | 1,568,419 | 0 | 0 | 0 |
| Creditors | 3,212 | -839,077 | 621,348 | -315,278 | 129,252 | 285,708 | 96,350 | -272,137 | 546,167 | 0 | 0 | 0 |
| Accruals and Deferred Income | 1,238,513 | -433,647 | -856,331 | 562,986 | 299,752 | 1,606,696 | -322,572 | 83,113 | 668,684 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 16,567 | -808 | -6,135 | -15,553 | 17,090 | -22,139 | 39,104 | -8,686 | 26,861 | 0 | 0 | 0 |
| Cash flow from operations | 59,541 | -360,604 | 270,769 | 629,414 | 49,423 | 102,045 | ||||||
| Investing Activities | ||||||||||||
| capital expenditure | ||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | -71,858 | 0 | 71,858 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||
| Financing Activities | ||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 226,276 | 961,759 | -35,822 | -99,811 | 267,357 | -119,569 | -372,260 | 196,807 | 315,129 | 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 | -17,152 | -27,015 | -56,814 | 112,592 | 0 | -43,690 | -1,977 | -42,962 | 88,629 | 0 | 0 | 0 |
| other long term liabilities | 417,642 | 0 | 0 | -53,149 | -42,839 | -12,326 | 108,314 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||
| interest | -647 | -1,401 | -2,781 | -4,847 | -4,462 | -6,037 | ||||||
| cash flow from financing | 626,119 | 933,343 | -95,417 | -45,215 | 149,383 | 397,722 | ||||||
| cash and cash equivalents | ||||||||||||
| cash | -143,316 | 480,872 | 132,693 | 494,781 | -445,645 | 410,587 | 29,499 | 1,276 | 10,529 | 0 | 0 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -143,316 | 480,872 | 132,693 | 494,781 | -445,645 | 410,587 | 29,499 | 1,276 | 10,529 | 0 | 0 | 0 |
gael force engineering limited Credit Report and Business Information
Gael Force Engineering Limited Competitor Analysis
Perform a competitor analysis for gael force engineering limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
gael force engineering limited Ownership
GAEL FORCE ENGINEERING LIMITED group structure
Gael Force Engineering Limited has no subsidiary companies.
Ultimate parent company
2 parents
GAEL FORCE ENGINEERING LIMITED
SC394817
gael force engineering limited directors
Gael Force Engineering Limited currently has 5 directors. The longest serving directors include Mr Stewart Graham (Mar 2011) and Mr Stephen Offord (Dec 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stewart Graham | Scotland | 60 years | Mar 2011 | - | Director |
| Mr Stephen Offord | 43 years | Dec 2017 | - | Director | |
| Mr James Young | 48 years | Jun 2020 | - | Director | |
| Mr Robert Foster | 40 years | Jun 2020 | - | Director | |
| Mrs Rhiann Swanson | 32 years | Feb 2023 | - | Director |
P&L
December 2022turnover
5.2m
-11%
operating profit
-423.5k
-23%
gross margin
17%
+20.33%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
1.5m
-0.17%
total assets
6.5m
+0.32%
cash
971.3k
-0.13%
net assets
Total assets minus all liabilities
Similar Companies
gael force engineering limited company details
company number
SC394817
Type
Private limited with Share Capital
industry
28990 - Manufacture of other special-purpose machinery n.e.c.
30110 - Building of ships and floating structures
incorporation date
March 2011
age
13
accounts
Full Accounts
ultimate parent company
previous names
gael force ltd (November 2013)
incorporated
UK
address
136 anderson street, inverness, inverness-shire, IV3 8DH
last accounts submitted
December 2022
gael force engineering 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 2 charges/mortgages relating to gael force engineering limited. Currently there are 0 open charges and 2 have been satisfied in the past.
gael force engineering limited Companies House Filings - See Documents
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