Sam Gilpin Demolition Limited

Gilpin Demolition Group LTD, based in Exeter, UK, is a leading specialist demolition business with an active status. Established 26 years ago, the company employs 49 people and holds £2,022,084 in assets. With a real address and three directors, it’s a well-established operation. Gilpin Demolition Group LTD regularly imports machinery, boilers, and mechanical appliances parts, with 2 months of import activity recorded, and exports similar items, with 1 month of export activity.

The company’s website details a broad range of services, including demolition (rail, bridge, commercial, marine), asbestos removal, waste treatment, and even scrap metal recycling. They also offer plant hire and marine services, catering to diverse clients across the UK. The website highlights a commitment to safety, environmental care, and community engagement—key values for a demolition company. The Gilpin Group also has a scrap metal division, Gilpin Scrap Metals, operating from Newton Abbot, which handles metal recycling and industrial clearance.

Financially, Gilpin Demolition Group LTD shows a mixed picture. Turnover increased by a solid 21%, reaching £6,727,688, indicating strong business activity. However, net assets declined by 15%, settling at £1,500,000, suggesting a possible investment in growth or increased liabilities. Bank borrowings decreased significantly, by 59%, to £55,000, which is a positive sign. Creditors also decreased, by 6.3%, to £26,000, suggesting improved debt management. Administrative expenses increased substantially, by 41%, to £1,400,000, which could be due to increased operational costs or strategic investments. The company’s small size (meeting two of three criteria for turnover under £10.2m, assets under £5.1m, and fewer than 50 employees) allows for flexibility, but the decline in equity warrants attention. No auditor is mentioned, likely due to the company's small size and exemption from mandatory audits.

In summary, Gilpin Demolition Group LTD is a thriving demolition business experiencing some financial pressures. The company’s diverse service offerings and commitment to quality position it well for future success, but careful management of expenses and equity will be crucial.

Registered in England/Wales under the registration number 03716740, with a registered address at EX1 1JG, Exeter, 3 Southernhay West.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.