GJB DEVELOPMENTS LIMITED

1. GJB DEVELOPMENTS LIMITED 2017-04-24 → present
2. GJB DEVELOPMENTS PUBLIC LIMITED COMPANY 1990-04-02 → 2017-04-24

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mercer & Hole LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”

Significant events

• “The invasion of Ukraine in February 2022 triggered the start of a renewed spiral in supply chain costs for the fenestration sector. Unlike the cost spiral which followed the first lock down in 2020 the associated increases in household living costs and interest rates resulted in a significant decline in consumer confidence, a leading indicator for most of our business. This in turn has caused a marked decline in consumer demand for fenestration products, sadly this has led to a number of businesses in our sector closing.”
• “Increases in base rates since December 2021 have significantly added to the cost of borrowing on all of the group debt facilities but we are pleased to note the downward trend in borrowing costs.”
• “We launched our proprietary software tool "EasyConnect" which enables our customers to have immediate access to product images and pricing from a tablet which significantly adds to their ability to provide rapid and well-presented quotes to potential customers.”
• “During the financial year we engaged in several R&D projects relating to the manufacture of our windows and doors, the introduction of a new Aluminium system, the upgrading of our MRP software and the development and launch of our EasyConnect offering.”
• “Since the year end we have continued to pursue the various improvement projects underway in the year to October 2024.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +0.3%

  £19,849,002 → £19,915,081

• Cash

  +476.7%

  £28,024 → £161,604

• Net assets

  +23%

  £4,160,243 → £5,116,804

  highest in 6 filed years

• Employees

  +0.8%

  130 → 131

• Operating profit

  +27.5%

  £1,098,535 → £1,400,227

  highest in 5 filed years

• Profit before tax

  +36%

  £943,790 → £1,283,648

  highest in 6 filed years

• Wages

  -2.7%

  £3,923,886 → £3,817,080

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers