GARMIN (EUROPE) LIMITED

LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON, HAMPSHIRE, SO40 9LR

Company Number: 02724437
Incorporation date: 19-Jun-1992
Status: Active
Entity type: Private Limited Company

SIC codes:
46520 Wholesale of electronic and telecommunications equipment and parts





SUMMARY

This company is 31.8 years old and is currently active. It is controlled by Garmin Ltd. The latest reported revenue figure is USD 1.1 billion which is up 10% on previous year's figure of USD 1 billion. The company has 4 active officers (directors or partners) who are or were officers of 1 other company. The company has no public disputes filed on the Business Disputes Register. There is one court case involving the company that we are aware of.


FINANCIALS (BETA)

Next accounts due: 30-Sep-2024
Accounts Filed: FULL (31-Dec-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
28-Dec-2019 USD 1,130,259,000 35,461,000 284,000 7,200,000 28,545,000
29-Dec-2018 USD 1,012,636,000 31,286,000 124,000 9,000 6,215,000 25,195,000
30-Dec-2017 USD 1,084,587,000 28,709,000 97,000 9,000 5,688,000 23,109,000
31-Dec-2016 USD 971,379,000 24,358,000 38,000 32,000 5,138,000 19,226,000
26-Dec-2015 USD 891,010,000 18,307,000 260,000 3,838,000 14,729,000
27-Dec-2014 USD 892,894,000 17,779,000 524,000 4,124,000 14,179,000
28-Dec-2013 USD 783,765,000 22,925,000 257,000 18,000 5,496,000 17,686,000
31-Dec-2011 USD 778,082,000 22,399,000 242,000 8,000 6,396,000 16,245,000
25-Dec-2010 USD 727,568,000 6,529,000 242,000 8,000 2,214,000 4,549,000
26-Dec-2009 USD 705,470,000 20,225,000 300,000 5,967,000 20,586,000
29-Dec-2007 USD 977,753,000 50,289,000
30-Dec-2006 USD 595,542,000 19,894,000 300,000 5,903,000 20,771,000
31-Dec-2005 USD 316,826,000 5,995,000 1,423,000 6,469,000
25-Dec-2004 USD 196,321,000 7,021,000 2,415,000 7,111,000


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
28-Dec-2019 USD 20,274,000 594,266,000 415,025,000 1,786,000 750,000 206,520,000
29-Dec-2018 USD 57,266,000 491,901,000 342,315,000 1,488,000 750,000 177,975,000
30-Dec-2017 USD 30,166,000 482,203,000 280,370,000 1,376,000 750,000 227,011,000
31-Dec-2016 USD 95,351,000 471,674,000 250,597,000 43,649,000 750,000 203,902,000
26-Dec-2015 USD 102,379,000 453,883,000 247,514,000 49,552,000 750,000 184,676,000 185,426,000
27-Dec-2014 USD 99,769,000 449,718,000 253,166,000 55,664,000 750,000 169,947,000 170,697,000
28-Dec-2013 USD 91,979,000 415,719,000 226,998,000
31-Dec-2011 USD 17,888,000 365,610,000 223,202,000 750,000 118,418,000 119,168,000
25-Dec-2010 USD 19,781,000 328,409,000 226,427,000 750,000 102,173,000 102,923,000
26-Dec-2009 USD 18,504,000 339,431,000 267,021,000 11,978,000 750,000 97,624,000 98,374,000
29-Dec-2007 USD 44,209,000 507,889,000 431,813,000 87,746,000 750,000 86,996,000 87,746,000
30-Dec-2006 USD 9,834,000 272,857,000 228,454,000 1,000 750,000 855,000 1,000
31-Dec-2005 USD 6,093,000 145,471,000 103,664,000
25-Dec-2004 USD 6,805,000 67,489,000 32,138,000

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
27-Dec-2014 USD 100.00% 750,000 0 750,000 -67,667,000
28-Dec-2013 USD inf% -750,000 750,000 0 -54,558,500
30-Dec-2006 USD 100.00% 750,000 0 750,000 -7,588,000
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Andrew Russell ETKIND 01 Mar 2001 29 Mar 2024 British 1 - 0

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Active Sean Michael BIDDLECOMBE 31 Jul 2014 None Supplied British 2 - 00 (0.0%)
Active Douglas Gerard BOESSEN 31 Jul 2014 None Supplied American 1 - 00 (0.0%)
Active Danny Jo BARTEL 26 Oct 2006 Marketing Executive American 1 - 00 (0.0%)
Active Clifton Albert PEMBLE 28 Jul 2004 Company Executive American 1 - 00 (0.0%)
Resigned Kevin Shaun RAUCKMAN 28 Jul 2004 31 Jul 2014 Company Executive Usa 0 - 10 (0.0%)
Resigned Gary Vincent KELLEY 02 Aug 1993 28 Jul 2004 Company Director British 0 - 10 (0.0%)
Resigned SWIFT INCORPORATIONS LIMITED 19 Jun 1992 19 Jun 1992 3 - 8027534119 (42.5%)
Resigned JORDAN COMPANY SECRETARIES LIMITED 19 Jun 1992 19 Jun 2015 3 - 1516852 (56.1%)
Resigned Min Hwan KAO 19 Jun 1992 18 Jan 2013 Company Director Usa 0 - 10 (0.0%)
Resigned Gary Leon BURRELL 19 Jun 1992 28 Jul 2004 Company Director Usa 0 - 10 (0.0%)
Resigned INSTANT COMPANIES LIMITED 19 Jun 1992 19 Jun 1992 3 - 2792412632 (45.2%)
Number of active directors: 4
Average tenure of active directors: 14.1 years
Average tenure of resigned directors: 11.0 years
Average active director Dissolution Rate: 0.0%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
GARMIN (EUROPE) LIMITED (02724437) - Active
S A INVESTMENT PROPERTIES LIMITED (10004951) - Active

SHAREHOLDERS (BETA)

Shareholder name Share class Shares at confirmation date
2018-06-192016-06-192015-06-192014-06-192013-06-19
GARMIN NEDERLAND B.V.ORDINARY500,000
100%
0
0%
0
0%
0
0%
0
0%
GARMIN B.V.ORDINARY0
0%
500,000
100%
500,000
100%
500,000
100%
500,000
100%

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES


    • >75%:Garmin Ltd (Che-115.417.272 - Switzerland) active

    Controlling entities above

    GARMIN (EUROPE) LIMITED

    no controlled companies

    LATE PAYMENTS REPORT


    Start date End date Average days to pay % invoices paid over 60 days % invoices not paid within agreed terms Gov.uk report
    2023-07-01 2023-12-31 68 63% 32% 78801
    2023-01-01 2023-06-30 80 58% 40% 75809
    2022-07-01 2022-12-31 67 48% 39% 69254
    2022-01-01 2022-06-30 48 33% 9% 64653
    2021-07-01 2021-12-31 46 28% 8% 53182
    2020-12-27 2021-06-26 48 36% 18% 47062
    2020-06-29 2020-12-26 57 45% 23% 46826
    2019-12-29 2020-06-28 50 37% 4% 33711
    2019-06-30 2019-12-28 51 39% 6% 26601
    2018-12-30 2019-06-29 49 36% 9% 18542
    2018-06-30 2018-12-29 44 27% 15% 10359
    2018-01-01 2018-06-30 39 13% 11% 4041


    COURT CASES


    Date Title Reference Subject
    2019-02-13 Pulseon OY v Garmin (Europe) Ltd [2019] EWCA Civ 138

    PATENTS


    No Patents found

    COMPETITORS

    (Based on Sic code: 46520 Wholesale of electronic and telecommunications equipment and parts)

    Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
    GARMIN (EUROPE) LIMITED LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON, HAMPSHIRE, SO40 9LR 02724437 2017-12-30 1,084,587,000 227,011,000
    RS COMPONENTS LIMITED BIRCHINGTON ROAD, WELDON, CORBY, NORTHAMPTONSHIRE, NN17 9RS 01002091 2018-03-31 802,800,000 84,500,000
    BROTHER INTERNATIONAL EUROPE LIMITED BROTHER HOUSE, 1 TAME STREET, AUDENSHAW, MANCHESTER, M34 5JE 00664172 2018-03-31 785,210,652 21,735,496
    FUTURE ELECTRONICS LIMITED FUTURE HOUSE, THE GLANTY, EGHAM, SURREY, TW20 9AH 02087867 2017-12-31 692,733,000 2,132,000
    PREMIER FARNELL UK LIMITED 150 ARMLEY ROAD, LEEDS, WEST YORKSHIRE, LS12 2QQ 00860093 2018-07-01 646,759,000 44,605,000
    LG ELECTRONICS U.K. LTD VELOCITY 2, BROOKLANDS DRIVE, WEYBRIDGE, SURREY, KT13 0SL 02143888 2017-12-31 527,275,000 5,411,000
    VESTEL UK LIMITED VESTEL HOUSE, 1 WATERSIDE DRIVE, LANGLEY, BERKSHIRE, ENGLAND, SL3 6EZ 04771550 2017-12-31 263,554,433 1,910,944
    ARROW ELECTRONICS (UK) LIMITED KAO 1 KAO PARK, HOCKHAM WAY, HARLOW, ESSEX, UNITED KINGDOM, CM17 9NA 02582534 2017-12-31 197,541,000 9,737,000
    SUMITOMO ELECTRIC EUROPE LIMITED UNIT 220 CENTENNIAL AVENUE, CENTENNIAL PARK, ELSTREE HILL SOUTH, HERTFORDSHIRE, WD6 3SL 03166149 2018-03-31 108,658,000 1,363,000
    CLICK ENTERTAINMENT LIMITED UNIT 3/4 ZK PARK, 23 COMMERCE WAY, CROYDON, ENGLAND, CR0 4ZS 06839872 2017-09-30 86,379,056 0
    MOTOROLA SOLUTIONS UK LIMITED NOVA SOUTH, 160 VICTORIA STREET, LONDON, UNITED KINGDOM, SW1E 5LB 00912182 2017-12-31 81,500,000 17,900,000 61900-Other telecommunications activities
    HANWHA TECHWIN EUROPE LIMITED HERIOT HOUSE, HERIOT ROAD, CHERTSEY, SURREY, KT16 9DT 04343432 2017-12-31 60,451,000 294,000
    NEC EUROPE LTD ATHENE ODYSSEY BUSINESS PARK, WEST END ROAD, SOUTH RUISLIP, MIDDLESEX, HA4 6QE 02832014 2018-03-31 54,472,000 -2,401,000
    MARWOOD ELECTRICAL COMPANY LIMITED THP LIMITED, 34-40 HIGH STREET, WANSTEAD, LONDON, E11 2RJ 01343397 2017-12-31 44,542,706 928,219
    CABLE SERVICES LIMITED BRIDGE HOUSE BRIDGE ROAD, WREXHAM INDUSTRIAL ESTATE, WREXHAM, WALES, LL13 9PS 05174041 2018-03-31 35,655,187 0
    BPX ELECTRO-MECHANICAL COMPANY LIMITED UNIT 3 ROTHLEY LODGE COMMERCIAL PARK, LOUGHBOROUGH ROAD, ROTHLEY, LEICESTERSHIRE, UNITED KINGDOM, LE7 7NL 00863458 2017-10-31 27,629,743 0
    LUSO ELECTRONIC PRODUCTS LIMITED 595 SALISBURY HOUSE, LONDON WALL, LONDON, ENGLAND, EC2M 5QQ 00895822 2017-12-31 14,768,318 0
    GP BATTERIES (UK) LIMITED UNIT 17 MONUMENT VIEW, CHELSTON BUSINESS PARK, WELLINGTON, SOMERSET, TA21 9ND 02813397 2018-03-31 9,020,212 0
    NARADA EUROPE (UK) LTD SA LAW LLP, GLADSTONE PLACE, 36-38 UPPER MARLBOROUGH ROAD, ST. ALBANS, HERTFORDSHIRE, AL1 3UU 06354408 2017-12-31 6,709,044 0
    DATA MODUL LIMITED SURESTORE BUSINESS HUB GALLAN PARK, WATLING STREET, CANNOCK, STAFFORDSHIRE, UNITED KINGDOM, WS11 0XG 05391595 2017-12-31 6,532,651 0
    ALPHA ELECTRONICS (SOUTHERN) LIMITED UNIT 6 SPECTRUM BUSINESS ESTATE, BIRCHOLT ROAD, MAIDSTONE, KENT, ME15 9YP 01846199 2017-12-31 3,234,255 0
    PROFUSION PLC 4 T A H HOUSE, AVIATION WAY, SOUTHEND-ON-SEA, ESSEX, UNITED KINGDOM, SS2 6UN 02343479 2017-12-31 3,121,040 0
    ESSENTIAL SUPPLIES UK LIMITED 52 FORE STREET, CALLINGTON, ENGLAND, PL17 7AJ 03119738 2018-01-31 1,888,192 0
    MAIDSTONE ELECTRICAL CENTRE LIMITED BROOKS HOUSE, 1 ALBION PLACE, MAIDSTONE, KENT, ME14 5DY 04200040 2017-12-31 1,622,767 0
    SECURITYTEC LIMITED 132 RIDDLESDOWN ROAD, PURLEY, SURREY, CR8 1DE 05585047 2017-10-31 1,576,979 0
    DBS TRADING LTD. EDWARD HOUSE, EDWARD STREET, STOCKPORT, ENGLAND, SK1 3DQ 10591701 2018-01-31 1,380,040 0
    MULTI-TECH COMPUTERS (U.K.) LIMITED 61-65 BAKER STREET, IBEX HOUSE, WEYBRIDGE, SURREY, KT13 8AH 02037586 2017-12-31 1,254,752 0
    SOLIDISK TECHNOLOGY LIMITED 42-46 QUEEN'S ROAD, SOUTHEND ON SEA, ESSEX, SS1 1NL 01623860 2018-04-30 504,261 0 62030-Computer facilities management activities
    HEADWAY TRADING LIMITED 10 PHILPOT LANE, LONDON, ENGLAND, EC3M 8AA 08555058 2017-12-31 355,139 0
    WORTH ELECTRICAL WHOLESALERS LTD 18 TAMAR CLOSE, BERE ALSTON, YELVERTON, DEVON, PL20 7HF 09035359 2017-07-31 236,049 0
    AIRTELL UK LTD 47 GREAT HAMPTON STREET, BIRMINGHAM, ENGLAND, B18 6EL 09447750 2018-02-28 230,843 0
    RGEE LIMITED GLADSTONE HOUSE, 77-79 HIGH STREET, EGHAM, SURREY, UNITED KINGDOM, TW20 9HY 09709119 2018-07-31 214,993 0
    CELLVISION LIMITED 337 BATH ROAD, SLOUGH, BERKSHIRE, UNITED KINGDOM, SL1 5PR 06199143 2017-10-31 171,492 0
    DRAGONFLY ELECTRONICS LTD 11 CORNELIAN DRIVE, SCARBOROUGH, ENGLAND, YO11 3AL 07903281 2019-01-31 132,556 0 46760-Wholesale of other intermediate products
    AMR EUROPE LIMITED 59 BEATTY RISE, SPENCERS WOOD, READING, BERKSHIRE, RG7 1FQ 07254955 2019-05-31 83,382 0
    HM SMART ELECTRONICS LIMITED 92 BYRON AVENUE, LONDON, ENGLAND, E12 6NG 10596720 2018-02-28 66,312 0
    AVANZAR LIMITED 31 WESTFIELD AVENUE, 31 WESTFIELD AVENUE, WOKING, ENGLAND, GU22 9PH 08177202 2018-08-31 44,249 0 50200-Sea and coastal freight water transport
    51210-Freight air transport
    82990-Other business support service activities not elsewhere classified
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    A V ACCESS CONTROL LTD 18 WOODSIDE PARK, BORDON, HAMPSHIRE, GU35 0EY 05252240 2017-10-31 42,570 0
    DISPLAY FUTURE LTD 3 MARIE CURIE, SCEAUX GARDENS, LONDON, SE5 7DG 08550618 2019-03-31 41,966 0 62020-Information technology consultancy activities
    68209-Other letting and operating of own or leased real estate
    72200-Research and experimental development on social sciences and humanities
    SAVVY BUILDINGS LIMITED 3 HOME END, FULBOURN, CAMBRIDGE, CB21 5BS 09018081 2018-04-30 40,955 0
    BARICH LIMITED 64 HOLMBURY AVENUE, CROWTHORNE, BERKSHIRE, RG45 6TQ 07842069 2018-12-31 37,637 0 63990-Other information service activities not elsewhere classified
    HAIMAN LTD 34 NEW HOUSE 67-68 HATTON GARDEN, 34 NEW HOUSE, LONDON, LONDON, ENGLAND, EC1N 8JY 09064028 2018-05-31 15,000 0 47421-Retail sale of mobile telephones
    47430-Retail sale of audio and video equipment in specialised stores
    ENERGY INVESTMENT PROJECTS LTD GOODRIDGE COURT, GOODRIDGE AVENUE, GLOUCESTER, GLOUCESTERSHIRE, UNITED KINGDOM, GL2 5EN 07152621 2018-03-31 10,915 0 77390-Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
    KEATING INNOVATIONS GROUP LIMITED 81 PURBECK DALE, DAWLEY, TELFORD, SHROPSHIRE, TF4 2QW 10754887 2018-05-31 10,454 0 47421-Retail sale of mobile telephones
    47910-Retail sale via mail order houses or via Internet
    AURIALIS LTD. 23 CHURCH STREET, RICKMANSWORTH, HERTFORDSHIRE, WD3 1DE 07889053 2018-12-31 7,671 0
    MY PHONE ACCESSORIES LTD JAHMI DORMER, 3 HUNTLY ROAD, EDGBASTON, BIRMINGHAM, WEST MIDLANDS, B16 8JG 07757260 2018-08-31 7,463 0
    BESPOKE CABLES LIMITED 13 CROW PARK DRIVE, BURTON JOYCE, NOTTINGHAM, NOTTS, NG14 5AS 06144014 2019-03-31 6,959 0
    AKH INTERNATIONAL LTD 64A HARROWDENE ROAD, WEMBLEY, MIDDLESEX, UNITED KINGDOM, HA0 2JF 10037639 2018-03-31 5,522 0
    FLYPROJECT LTD 2 RIDGEWOOD CLOSE, LEAMINGTON SPA, WARWICKSHIRE, ENGLAND, CV32 6BW 09632322 2018-05-31 5,442 0
    EINSOF TECHNOLOGIES LTD 49 HIGH STREET, CRANFIELD, BEDFORD, BEDFORDSHIRE, UNITED KINGDOM, MK43 0DP 10565110 2019-01-31 4,104 0 80200-Security systems service activities
    REGIS ELECTRICAL DISTRIBUTION LIMITED 11A ASHWELL WALK ASHWELL WALK, HOUGHTON REGIS, DUNSTABLE, ENGLAND, LU5 5QA 06873015 2018-08-31 3,386 0
    PROMINDUSTRY LTD THE BUSINESS RESOURCE NETWORK, WHATELEYS DRIVE, KENILWORTH, WARWICKSHIRE, CV8 2GY 08947759 2018-03-31 2,493 0
    EURO ASIA TEC LIMITED 1A CHEAM ROAD, SUTTON, SURREY, ENGLAND, SM1 1SN 09607333 2018-05-31 2,250 0
    E-TECHNOLOGY SECURITY LTD SUITE 5, 2ND FLOOR 225 MARSH WALL, ANGEL HOUSE, SOUTH QUAY, LONDON, ENGLAND, E14 9FW 08854602 2018-01-31 1,746 0 61900-Other telecommunications activities
    62090-Other information technology service activities
    96090-Other service activities not elsewhere classified
    NJOHN ENTERPRISES LTD 1 BOWERS LEA, CAM, DURSLEY, ENGLAND, GL11 5PR 09943320 2018-10-31 1,283 0
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    LIQUIDATION RISK (BETA)



    This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
    Here are our probability predictions:
    Basis Liquidation within 3 months Liquidation within 6 months Liquidation within 12 months Prediction confidence
    GARMIN (EUROPE) LIMITED 0.7% 3.6% 7.1% Medium
    Other companies Active in the same sector 1.2% 4.5% 10.7% Medium
    Age 0.3% 1.3% 2.4% Medium
    Company Type 0.7% 3.7% 7.4% Medium
    Accounts category 0.7% 2.2% 3.8% Medium
    Accounting Month 0.6% 2.4% 5.5% Medium
    Sic code count 0.7% 3.5% 7.0% Medium
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