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Galamast Limited

02645178

active
Private Limited Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
10/30
Financial
30/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 10 outstanding charges (-10)

Details

PARK HOUSE, BROMLEY, BR2 9RT
Incorporated 12/09/1991

Compliance

Last accounts

30/09/2024

full

Next accounts due

30/06/2026

On track

Confirmation statement

Last: 01/11/2025

Due 15/11/2026

On track

Industry

42110
Construction of roads and motorways

Officers

Mr Michael Frederick Gallagher Bsc Hon Civ Eng

director · Since 10/07/1995

CIVIL ENGINEER

BRITISH · ENGLAND · Age 72

Also on 7 other boards

Kieran Thomas Masterson

director · Since 10/07/1995

CIVIL ENGINEER

BRITISH · ENGLAND · Age 62

Also on 2 other boards

Mr Michael Frederick Gallagher Bsc Hon Civ Eng

secretary · Since 09/06/2008

CIVIL ENGINEER

BRITISH · ENGLAND · Age 72

Also on 7 other boards

Persons with Significant Control

Mr Michael Frederick Gallagher

25–50% shares

British · England · Age 72

Shraheens, Chart Lane, Westerham Kent, Chart Lane, Westerham, TN16 1LR

Notified 01/08/2016

Charges10 outstanding

charge
outstanding

AIB GROUP (UK) P.L.C.

Created 07/01/2005Registered 14/01/2005
charge
outstanding

AIB GROUP (UK) P.L.C.

Created 13/12/2004Registered 22/12/2004
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 09/01/2004Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 09/01/2004Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 09/01/2004Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 09/01/2004Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 31/12/2003Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 31/12/2003Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 31/12/2003Satisfied 01/06/2005
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/12/2003Registered 24/12/2003Satisfied 01/06/2005
charge
outstanding

AIB GROUP (UK) P.L.C.

Created 19/12/2003Registered 23/12/2003
charge
outstanding

AIB GROUP (UK) PLC

Created 30/06/2003Registered 03/07/2003
charge
outstanding

AIB GROUP (UK) PLC

Created 30/06/2003Registered 03/07/2003
charge
outstanding

AIB GROUP (UK) PLC

Created 17/10/2002Registered 22/10/2002
charge
outstanding

AIB GROUP (UK) PLC

Created 19/04/2002Registered 23/04/2002
charge
satisfied

AIB GROUP (UK) P.L.C.

Created 10/04/2002Registered 13/04/2002Satisfied 20/09/2002
charge
outstanding

AIB GROUP (UK) PLC

Created 04/12/2001Registered 11/12/2001
charge
satisfied

BRYANT HOMES SOUTHERN LIMITED

Created 02/03/2001Registered 10/03/2001Satisfied 20/09/2002
charge
outstanding

AIB GROUP (UK) PLC

Created 06/04/1998Registered 16/04/1998
charge
outstanding

AIB GROUP (UK) PLC

Created 01/10/1997Registered 03/10/1997
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 22/01/1992Registered 24/01/1992Satisfied 28/02/2001

CompanyRankvs 13+ SIC 42110 peers
70

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.03× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

The housing market has remained stagnant for longer than anticipated but we would reconfirm that our company, with it's strong balance sheet is completely capable of withstanding this lull. Going concern The board of Directors is required to consider the company's ability to continue as a going concern over a period of at least 12 months from date of approval of the financial statements.

Key FinancialsYear ending 30/09/2024

Turnover

£73.5M

Annual revenue

Net Worth

£26.7M

Balance sheet strength

Cash

£10.1M

Cash in the bank

Profit Before Tax

£6.2M

Bottom line earnings

Net Current Assets

£6.4M

Working capital

Current Assets

£12.7M

Current Liabilities

£6.3M

Fixed Assets

£22.0M

Debtors

£2.6M

Cost of Sales

£65.7M

Gross Profit

£7.8M

Admin Expenses

£2.3M

Operating Profit

£6.2M

Profit After Tax

£4.6M

168avg. employees-16

Tax at Year End

Dividends paid£2.2M

Director Loans

Company owes directors£1
Directors owe company£416

People Costs

Wages & salaries£11.1M
NI contributions£1.3M

Balance Sheet

Assets less current liabilities£28.4M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20242.03+£2.1M
20231.62-£1.5M
20221.74+£2.8M
20211.90+£3.0M
20202.48+£2.2M
20192.23—

Derived from filed accounts. Not audited figures.