Maidstone Motor Group Limited

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maidstone motor group limited Company Information

Live (In Liquidation)

MatureMidHealthy

Company Number

00572301

Website

http://kia.co.uk

Registered Address

victoria court, 17-21 ashford road, maidstone, ME14 5DA

Industry

Maintenance and repair of motor vehicles

Retail trade of motor vehicle parts and accessories

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Telephone

01732878950

Next Accounts Due

1202 days late

Group Structure

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Directors

Barbara Bingham33 Years

Alan Bourgein29 Years

Shareholders

barbara ann bingham 81.8%

alan roger bourgein 15.7%

View All

maidstone motor group limited Estimated Valuation

£0 - £3.6m

The estimated valuation range for maidstone motor group limited, derived from financial data as of December 2018 and the most recent industry multiples, is between £0 to £3.6m

Get a detailed valuation report, edit figures and unlock valuation multiples.

Maidstone Motor Group Limited AI Business Plan

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Maidstone Motor Group Limited is a live company located in maidstone, ME14 5DA with a Companies House number of 00572301. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in October 1956, it's largest shareholder is barbara ann bingham with a 81.8% stake. Maidstone Motor Group Limited is a mature, mid sized company, Pomanda has estimated its turnover at £8.4m with healthy growth in recent years.

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Pomanda's financial health check has awarded Maidstone Motor Group Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

4 Regular

5 Weak

Size

annual sales of £8.4m, make it smaller than the average company (£13.9m)

Growth

3 year (CAGR) sales growth of 7%, show it is growing at a similar rate (5.7%)

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MAIDSTONE MOTOR GROUP LIMITED group structure

Maidstone Motor Group Limited has 3 subsidiary companies.

Ultimate parent company

MAIDSTONE MOTOR GROUP LIMITED

00572301

3 subsidiaries

MAIDSTONE KIA LIMITED

08672464

DITTON SERVICE STATION LIMITED

08684034

MAIDSTONE SUZUKI LIMITED

08672656

MAIDSTONE MOTOR GROUP LIMITED Shareholders

barbara ann bingham	81.8%
alan roger bourgein	15.74%
trustees of barbara bingham 2018 a. trust	1.23%
trustees of barbara bingham 2018 b. trust	1.23%

Maidstone Motor Group Limited currently has 2 directors. The longest serving directors include Mrs Barbara Bingham (Jan 1991) and Mr Alan Bourgein (Dec 1994).

officer	country	age	start	end	role
Mrs Barbara Bingham	United Kingdom	87 years	Jan 1991	-	Director
Mr Alan Bourgein	United Kingdom	74 years	Dec 1994	-	Director

EXPORT

Maidstone Motor Group Limited's latest turnover from December 2018 is estimated at £8.4 million and the company has net assets of £1.4 million. According to their latest financial statements, Maidstone Motor Group Limited has 32 employees and maintains cash reserves of £550 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Turnover	8,418,420	8,899,892	8,323,546	6,955,483	8,667,528	5,834,702	4,860,281	4,270,736	4,667,452	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	6,510,860	6,835,276	6,414,428	5,349,521	6,649,966	4,524,001	3,728,370	3,259,658	3,529,853	0
Gross Profit	1,907,560	2,064,616	1,909,118	1,605,962	2,017,562	1,310,701	1,131,911	1,011,078	1,137,598	0
Admin Expenses	2,017,031	2,034,601	1,871,659	1,695,902	1,921,872	1,198,313	977,429	996,193	1,032,332	-702,801
Operating Profit	-109,471	30,015	37,459	-89,940	95,690	112,388	154,482	14,885	105,266	702,801
Interest Payable	12,808	19,774	14,658	5,767	975	975	488	0	0	0
Interest Receivable	4	4	99	897	1,288	1,035	1,321	1,500	809	182
Pre-Tax Profit	-122,274	10,244	22,900	-94,810	96,003	112,448	155,316	16,385	106,075	702,983
Tax	0	-1,946	-4,580	0	-20,161	-25,863	-37,276	-4,260	-29,701	-196,835
Profit After Tax	-122,274	8,298	18,320	-94,810	75,842	86,585	118,040	12,125	76,374	506,148
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Retained Profit	-122,274	8,298	18,320	-94,810	75,842	86,585	118,040	12,125	76,374	506,148
Employee Costs	924,870	1,030,951	941,938	896,086	1,119,315	771,493	689,641	607,522	681,144	0
Number Of Employees	32	37	34	33	41	29	27	24	27	0
EBITDA*	-75,761	62,758	69,121	-63,770	122,479	139,592	180,278	14,885	135,560	735,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Tangible Assets	0	1,270,723	1,296,621	1,291,630	1,302,961	1,313,101	1,195,965	1,187,042	1,215,215	1,243,354
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	30	30	30	30	30	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	1,270,753	1,296,651	1,291,660	1,302,991	1,313,131	1,195,965	1,187,042	1,215,215	1,243,354
Stock & work in progress	1,837,033	1,962,438	1,674,474	1,535,167	1,517,582	916,137	696,737	621,886	696,970	650,143
Trade Debtors	8,120	44,514	149,129	57,039	149,070	148,648	184,630	78,748	94,398	158,340
Group Debtors	0	0	0	0	0	0	0	0	0	0
Misc Debtors	56,348	136,968	107,156	79,889	0	0	0	0	0	0
Cash	550	550	979	78,366	280,371	234,829	179,307	349,081	250,822	72,880
misc current assets	1,230,636	0	0	12,225	0	0	0	0	0	0
total current assets	3,132,687	2,144,470	1,931,738	1,762,686	1,947,023	1,299,614	1,060,674	1,049,715	1,042,190	881,363
total assets	3,132,687	3,415,223	3,228,389	3,054,346	3,250,014	2,612,745	2,256,639	2,236,757	2,257,405	2,124,717
Bank overdraft	62,591	205,050	209,670	35,601	0	0	0	0	0	0
Bank loan	74	0	0	0	0	0	0	0	0	0
Trade Creditors	1,485,660	1,376,690	1,138,498	1,178,651	1,559,175	979,990	812,304	873,690	870,519	776,632
Group/Directors Accounts	0	0	145,408	90,731	0	0	0	0	0	0
other short term finances	15,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
other current liabilities	217,768	265,801	163,212	184,145	0	0	0	0	0	0
total current liabilities	1,781,093	1,847,541	1,656,788	1,489,128	1,559,175	979,990	812,304	873,690	870,519	776,632
loans	0	96,770	96,943	126,836	15,000	15,000	15,000	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	15,000	0	147,409	199,538	97,703	149,475	185,419	222,992
provisions	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	96,770	111,943	126,836	162,409	214,538	112,703	149,475	185,419	222,992
total liabilities	1,781,093	1,944,311	1,768,731	1,615,964	1,721,584	1,194,528	925,007	1,023,165	1,055,938	999,624
net assets	1,351,594	1,470,912	1,459,658	1,438,382	1,528,430	1,418,217	1,331,632	1,213,592	1,201,467	1,125,093
total shareholders funds	1,351,594	1,470,912	1,459,658	1,438,382	1,528,430	1,418,217	1,331,632	1,213,592	1,201,467	1,125,093

	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009
Operating Activities
Operating Profit	-109,471	30,015	37,459	-89,940	95,690	112,388	154,482	14,885	105,266	702,801
Depreciation	33,710	32,743	31,662	26,170	26,789	27,204	25,796	0	30,294	32,199
Amortisation	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,946	-4,580	0	-20,161	-25,863	-37,276	-4,260	-29,701	-196,835
Stock	-125,405	287,964	139,307	17,585	601,445	219,400	74,851	-75,084	46,827	650,143
Debtors	-117,014	-74,803	119,357	-12,142	422	-35,982	105,882	-15,650	-63,942	158,340
Creditors	108,970	238,192	-40,153	-380,524	579,185	167,686	-61,386	3,171	93,887	776,632
Accruals and Deferred Income	-48,033	102,589	-20,933	184,145	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	227,595	188,432	-255,209	-265,592	79,636	97,997	-99,117	104,530	216,861	506,314
Investing Activities
capital expenditure	1,237,013	-6,845	-36,653	-14,839	-16,649	-144,340	-34,719	28,173	-2,155	-1,275,553
Change in Investments	-30	0	0	0	0	30	0	0	0	0
cash flow from investments	1,237,043	-6,845	-36,653	-14,839	-16,649	-144,370	-34,719	28,173	-2,155	-1,275,553
Financing Activities
Bank loans	74	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-145,408	54,677	90,731	0	0	0	0	0	0
Other Short Term Loans	15,000	0	0	0	0	0	0	0	0	0
Long term loans	-96,770	-173	-29,893	111,836	0	0	15,000	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	-15,000	15,000	-147,409	-52,129	101,835	-51,772	-35,944	-37,573	222,992
share issue	2,956	2,956	2,956	4,762	34,371	0	0	0	0	618,945
interest	-12,804	-19,770	-14,559	-4,870	313	60	833	1,500	809	182
cash flow from financing	-91,544	-177,395	28,181	55,050	-17,445	101,895	-35,939	-34,444	-36,764	842,119
cash and cash equivalents
cash	0	-429	-77,387	-202,005	45,542	55,522	-169,774	98,259	177,942	72,880
overdraft	-142,459	-4,620	174,069	35,601	0	0	0	0	0	0
change in cash	142,459	4,191	-251,456	-237,606	45,542	55,522	-169,774	98,259	177,942	72,880

P&L

December 2018

turnover

8.4m

-5%

operating profit

-109.5k

gross margin

22.7%

-2.32%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2018

net assets

1.4m

-0.08%

total assets

3.1m

-0.08%

cash

550

net assets

Total assets minus all liabilities

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company number

00572301

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

45320 - Retail trade of motor vehicle parts and accessories

45111 - Sale of new cars and light motor vehicles

incorporation date

October 1956

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

ditton service station limited (September 2013)

incorporated

address

victoria court, 17-21 ashford road, maidstone, ME14 5DA

last accounts submitted

December 2018

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 8 charges/mortgages relating to maidstone motor group limited. Currently there are 0 open charges and 8 have been satisfied in the past.

maidstone motor group limited Company Information

maidstone motor group limited Estimated Valuation

maidstone motor group limited Estimated Valuation

maidstone motor group limited Estimated Valuation

Maidstone Motor Group Limited AI Business Plan

Maidstone Motor Group Limited Overview

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MAIDSTONE MOTOR GROUP LIMITED financials

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