institute of advanced motorists limited(the)
institute of advanced motorists limited(the) Company Information
Company Number
00562530
Website
www.iamroadsmart.comRegistered Address
1 albany place hyde way, welwyn garden city, AL7 3BT
Industry
Driving school activities
Activities of other membership organisations n.e.c.
Telephone
02089969600
Next Accounts Due
December 2024
Group Structure
View All
Shareholders
-0%
institute of advanced motorists limited(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE) at £4.1m based on a Turnover of £6.2m and 0.66x industry multiple (adjusted for size and gross margin).
institute of advanced motorists limited(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE) at £0 based on an EBITDA of £-961.8k and a 4.16x industry multiple (adjusted for size and gross margin).
institute of advanced motorists limited(the) Estimated Valuation
Pomanda estimates the enterprise value of INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE) at £12.5m based on Net Assets of £7.3m and 1.72x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Institute Of Advanced Motorists Limited(the) Overview
Institute Of Advanced Motorists Limited(the) is a live company located in welwyn garden city, AL7 3BT with a Companies House number of 00562530. It operates in the driving school activities sector, SIC Code 85530. Founded in March 1956, it's largest shareholder is unknown. Institute Of Advanced Motorists Limited(the) is a mature, mid sized company, Pomanda has estimated its turnover at £6.2m with declining growth in recent years.
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Institute Of Advanced Motorists Limited(the) Health Check
Pomanda's financial health check has awarded Institute Of Advanced Motorists Limited(The) a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £6.2m, make it larger than the average company (£870.1k)
£6.2m - Institute Of Advanced Motorists Limited(the)
£870.1k - Industry AVG
Growth
3 year (CAGR) sales growth of -6%, show it is growing at a slower rate (0.5%)
-6% - Institute Of Advanced Motorists Limited(the)
0.5% - Industry AVG
Production
with a gross margin of 45.6%, this company has a comparable cost of product (45.6%)
45.6% - Institute Of Advanced Motorists Limited(the)
45.6% - Industry AVG
Profitability
an operating margin of -17.5% make it less profitable than the average company (3.2%)
-17.5% - Institute Of Advanced Motorists Limited(the)
3.2% - Industry AVG
Employees
with 9 employees, this is below the industry average (12)
9 - Institute Of Advanced Motorists Limited(the)
12 - Industry AVG
Pay Structure
on an average salary of £356.8k, the company has a higher pay structure (£31.5k)
£356.8k - Institute Of Advanced Motorists Limited(the)
£31.5k - Industry AVG
Efficiency
resulting in sales per employee of £685.4k, this is more efficient (£79.5k)
£685.4k - Institute Of Advanced Motorists Limited(the)
£79.5k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is earlier than average (28 days)
17 days - Institute Of Advanced Motorists Limited(the)
28 days - Industry AVG
Creditor Days
its suppliers are paid after 45 days, this is slower than average (26 days)
45 days - Institute Of Advanced Motorists Limited(the)
26 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (12 days)
5 days - Institute Of Advanced Motorists Limited(the)
12 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 20 weeks, this is less cash available to meet short term requirements (114 weeks)
20 weeks - Institute Of Advanced Motorists Limited(the)
114 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 18.4%, this is a lower level of debt than the average (44%)
18.4% - Institute Of Advanced Motorists Limited(the)
44% - Industry AVG
INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE) financials
Institute Of Advanced Motorists Limited(The)'s latest turnover from March 2023 is £6.2 million and the company has net assets of £7.3 million. According to their latest financial statements, Institute Of Advanced Motorists Limited(The) has 9 employees and maintains cash reserves of £641 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 6,169,000 | 6,319,000 | 5,726,000 | 7,339,000 | 7,101,000 | 7,370,000 | 7,239,000 | 11,445,000 | 7,636,000 | 7,770,000 | 6,642,000 | 6,468,000 | 6,451,000 | 8,886,921 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | ||||||||||||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | -1,051,000 | 348,000 | 1,442,000 | -247,000 | -575,000 | -810,000 | -1,609,000 | 2,763,000 | -931,000 | -23,000 | -161,000 | 73,000 | 140,000 | 1,302,769 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -1,051,000 | 348,000 | 1,442,000 | -247,000 | -575,000 | -810,000 | -1,609,000 | 2,763,000 | -931,000 | -23,000 | -161,000 | 73,000 | 140,000 | 1,302,769 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Profit | -1,051,000 | 348,000 | 1,442,000 | -247,000 | -575,000 | -810,000 | -1,609,000 | 2,763,000 | -931,000 | -23,000 | -161,000 | 73,000 | 140,000 | 1,302,769 |
| Employee Costs | 3,211,000 | 2,827,000 | 2,944,000 | 3,071,000 | 3,115,000 | 3,204,000 | 3,280,000 | 3,706,000 | 3,586,000 | 3,278,000 | 2,890,000 | 2,696,000 | 2,482,000 | 2,819,789 |
| Number Of Employees | 9 | 60 | 61 | 61 | 61 | 65 | 68 | 86 | 86 | 74 | 75 | 73 | 70 | 74 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 47,000 | 65,000 | 90,000 | 116,000 | 183,000 | 271,000 | 331,000 | 86,000 | 2,750,000 | 3,064,000 | 3,160,000 | 3,243,000 | 2,954,000 | 2,978,966 |
| Intangible Assets | 318,000 | 367,000 | 373,000 | 359,000 | 188,000 | 243,000 | 1,133,000 | 1,357,000 | 1,608,000 | 1,956,000 | 2,526,000 | 0 | 0 | 0 |
| Investments & Other | 7,046,000 | 8,444,000 | 7,901,000 | 6,425,000 | 7,285,000 | 7,004,000 | 2,974,000 | 3,536,000 | 4,835,000 | 4,542,000 | 4,360,000 | 3,789,000 | 3,662,000 | 1,730,869 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 7,411,000 | 8,876,000 | 8,364,000 | 6,900,000 | 7,656,000 | 7,518,000 | 4,438,000 | 4,979,000 | 9,193,000 | 9,562,000 | 10,046,000 | 7,032,000 | 6,616,000 | 4,709,835 |
| Stock & work in progress | 50,000 | 91,000 | 86,000 | 111,000 | 130,000 | 56,000 | 34,000 | 43,000 | 35,000 | 48,000 | 68,000 | 61,000 | 67,000 | 68,761 |
| Trade Debtors | 290,000 | 380,000 | 228,000 | 344,000 | 454,000 | 295,000 | 393,000 | 350,000 | 372,000 | 429,000 | 472,000 | 265,000 | 315,000 | 323,512 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 505,000 | 321,000 | 437,000 | 397,000 | 437,000 | 544,000 | 466,000 | 6,159,000 | 243,000 | 279,000 | 268,000 | 360,000 | 339,000 | 1,335,431 |
| Cash | 641,000 | 763,000 | 646,000 | 793,000 | 66,000 | 1,208,000 | 6,439,000 | 1,308,000 | 1,124,000 | 1,250,000 | 1,604,000 | 2,585,000 | 299,000 | 1,341,795 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,799,000 | 2,628,006 |
| total current assets | 1,486,000 | 1,555,000 | 1,397,000 | 1,645,000 | 1,087,000 | 2,103,000 | 7,332,000 | 7,860,000 | 1,774,000 | 2,006,000 | 2,412,000 | 3,271,000 | 3,819,000 | 5,697,505 |
| total assets | 8,897,000 | 10,431,000 | 9,761,000 | 8,545,000 | 8,743,000 | 9,621,000 | 11,770,000 | 12,839,000 | 10,967,000 | 11,568,000 | 12,458,000 | 10,303,000 | 10,435,000 | 10,407,340 |
| Bank overdraft | 0 | 0 | 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 | 0 | 0 |
| Trade Creditors | 419,000 | 457,000 | 431,000 | 613,000 | 291,000 | 402,000 | 557,000 | 412,000 | 401,000 | 243,000 | 281,000 | 288,000 | 325,000 | 446,376 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 465,000 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 1,219,000 | 946,000 | 650,000 | 693,000 | 965,000 | 1,272,000 | 1,186,000 | 1,190,000 | 1,712,000 | 1,228,000 | 1,685,000 | 842,000 | 1,058,000 | 1,415,217 |
| total current liabilities | 1,638,000 | 1,403,000 | 1,081,000 | 1,306,000 | 1,256,000 | 1,674,000 | 1,743,000 | 1,602,000 | 2,113,000 | 1,471,000 | 2,431,000 | 1,130,000 | 1,383,000 | 1,861,593 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 550,000 | 550,000 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 550,000 | 550,000 | 0 | 0 | 0 |
| total liabilities | 1,638,000 | 1,403,000 | 1,081,000 | 1,306,000 | 1,256,000 | 1,674,000 | 1,743,000 | 1,602,000 | 2,113,000 | 2,021,000 | 2,981,000 | 1,130,000 | 1,383,000 | 1,861,593 |
| net assets | 7,259,000 | 9,028,000 | 8,680,000 | 7,239,000 | 7,487,000 | 7,947,000 | 10,027,000 | 11,237,000 | 8,854,000 | 9,547,000 | 9,477,000 | 9,173,000 | 9,052,000 | 8,545,747 |
| total shareholders funds | 7,259,000 | 9,028,000 | 8,680,000 | 7,239,000 | 7,487,000 | 7,947,000 | 10,027,000 | 11,237,000 | 8,854,000 | 9,547,000 | 9,477,000 | 9,173,000 | 9,052,000 | 8,545,747 |
| Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | ||||||||||||||
| Depreciation | 33,000 | 60,000 | 81,000 | 90,000 | 111,000 | 115,000 | 92,000 | 112,000 | 191,000 | 200,000 | 182,000 | 123,000 | 104,000 | 102,525 |
| Amortisation | 86,000 | 89,000 | 151,000 | 63,000 | 66,000 | 445,000 | 669,000 | 102,000 | 561,000 | 561,000 | 281,000 | 0 | 0 | 25,750 |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | -41,000 | 5,000 | -25,000 | -19,000 | 74,000 | 22,000 | -9,000 | 8,000 | -13,000 | -20,000 | 7,000 | -6,000 | -1,761 | 68,761 |
| Debtors | 94,000 | 36,000 | -76,000 | -150,000 | 52,000 | -20,000 | -5,650,000 | 5,894,000 | -93,000 | -32,000 | 115,000 | -29,000 | -1,004,943 | 1,658,943 |
| Creditors | -38,000 | 26,000 | -182,000 | 322,000 | -111,000 | -155,000 | 145,000 | 11,000 | 158,000 | -38,000 | -7,000 | -37,000 | -121,376 | 446,376 |
| Accruals and Deferred Income | 273,000 | 296,000 | -43,000 | -272,000 | -307,000 | 86,000 | -4,000 | -522,000 | 484,000 | -457,000 | 843,000 | -216,000 | -357,217 | 1,415,217 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -30,000 | -4,139,000 | 6,111,000 | 940,000 | -25,000 | -257,000 | -72,000 | -542,000 | -1,646,000 | -72,334 |
| Change in Investments | -1,398,000 | 543,000 | 1,476,000 | -860,000 | 281,000 | 4,030,000 | -562,000 | -1,299,000 | 293,000 | 182,000 | 571,000 | 127,000 | 1,931,131 | 1,730,869 |
| cash flow from investments | 1,398,000 | -543,000 | -1,476,000 | 860,000 | -311,000 | -8,169,000 | 6,673,000 | 2,239,000 | -318,000 | -439,000 | -643,000 | -669,000 | -3,577,131 | -1,803,203 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -465,000 | 465,000 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -550,000 | 0 | 550,000 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from financing | -718,000 | 0 | -1,000 | -1,000 | 115,000 | -1,270,000 | 399,000 | -380,000 | -312,000 | -372,000 | 1,480,000 | 48,000 | 366,253 | 7,242,978 |
| cash and cash equivalents | ||||||||||||||
| cash | -122,000 | 117,000 | -147,000 | 727,000 | -1,142,000 | -5,231,000 | 5,131,000 | 184,000 | -126,000 | -354,000 | -981,000 | 2,286,000 | -1,042,795 | 1,341,795 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -122,000 | 117,000 | -147,000 | 727,000 | -1,142,000 | -5,231,000 | 5,131,000 | 184,000 | -126,000 | -354,000 | -981,000 | 2,286,000 | -1,042,795 | 1,341,795 |
institute of advanced motorists limited(the) Credit Report and Business Information
Institute Of Advanced Motorists Limited(the) Competitor Analysis
Perform a competitor analysis for institute of advanced motorists limited(the) by selecting its closest rivals, whether from the EDUCATION sector, other mid companies, companies in AL7 area or any other competitors across 12 key performance metrics.
institute of advanced motorists limited(the) Ownership
INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE) group structure
Institute Of Advanced Motorists Limited(The) has 7 subsidiary companies.
Ultimate parent company
INSTITUTE OF ADVANCED MOTORISTS LIMITED(THE)
00562530
7 subsidiaries
institute of advanced motorists limited(the) directors
Institute Of Advanced Motorists Limited(The) currently has 11 directors. The longest serving directors include Mr Nicholas Stein (Feb 2020) and Mr Stuart Donald (Feb 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Nicholas Stein | 64 years | Feb 2020 | - | Director | |
| Mr Stuart Donald | England | 60 years | Feb 2020 | - | Director |
| Mr Nicholas Lomas | England | 57 years | Feb 2020 | - | Director |
| Dr Bradley Poulson | 66 years | Nov 2020 | - | Director | |
| Ms Victoria Milford | England | 53 years | Nov 2022 | - | Director |
| Mr Thomas Kelman | England | 62 years | Jan 2023 | - | Director |
| Mr Rupert Newman | United Kingdom | 50 years | Sep 2023 | - | Director |
| Mr Mark Armitage | England | 51 years | Sep 2023 | - | Director |
| Mr Mark Powell | England | 62 years | Sep 2023 | - | Director |
| Mrs Angela Bell | England | 57 years | Sep 2023 | - | Director |
P&L
March 2023turnover
6.2m
-2%
operating profit
-1.1m
0%
gross margin
45.6%
-7.68%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
7.3m
-0.2%
total assets
8.9m
-0.15%
cash
641k
-0.16%
net assets
Total assets minus all liabilities
Similar Companies
institute of advanced motorists limited(the) company details
company number
00562530
Type
Private Ltd By Guarantee w/o Share Cap
industry
85530 - Driving school activities
94990 - Activities of other membership organisations n.e.c.
incorporation date
March 1956
age
68
incorporated
UK
accounts
Group
ultimate parent company
previous names
N/A
last accounts submitted
March 2023
address
1 albany place hyde way, welwyn garden city, AL7 3BT
accountant
-
auditor
CROWE U.K. LLP
institute of advanced motorists limited(the) 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 1 charges/mortgages relating to institute of advanced motorists limited(the). Currently there are 0 open charges and 1 have been satisfied in the past.
institute of advanced motorists limited(the) Companies House Filings - See Documents
| date | description | view/download |
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