district garage limited
district garage limited Company Information
Company Number
00609661
Website
www.districtgarage.co.ukRegistered Address
units a2-a6, edge fold industrial estate, plo, bolton, BL4 0LR
Industry
Sale of new cars and light motor vehicles
Maintenance and repair of motor vehicles
Telephone
01204854670
Next Accounts Due
September 2025
Group Structure
View All
Shareholders
seddon engineering holdings ltd 100%
district garage limited Estimated Valuation
Pomanda estimates the enterprise value of DISTRICT GARAGE LIMITED at £418.3k based on a Turnover of £1.7m and 0.25x industry multiple (adjusted for size and gross margin).
district garage limited Estimated Valuation
Pomanda estimates the enterprise value of DISTRICT GARAGE LIMITED at £209k based on an EBITDA of £60.1k and a 3.48x industry multiple (adjusted for size and gross margin).
district garage limited Estimated Valuation
Pomanda estimates the enterprise value of DISTRICT GARAGE LIMITED at £227.4k based on Net Assets of £75.9k and 3x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
District Garage Limited Overview
District Garage Limited is a live company located in bolton, BL4 0LR with a Companies House number of 00609661. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in August 1958, it's largest shareholder is seddon engineering holdings ltd with a 100% stake. District Garage Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.7m with declining growth in recent years.
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District Garage Limited Health Check
Pomanda's financial health check has awarded District Garage Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 6 areas for improvement. Company Health Check FAQs
2 Strong
4 Regular
6 Weak
Size
annual sales of £1.7m, make it smaller than the average company (£29.5m)
- District Garage Limited
£29.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (7.7%)
- District Garage Limited
7.7% - Industry AVG
Production
with a gross margin of 22.4%, this company has a comparable cost of product (22.4%)
- District Garage Limited
22.4% - Industry AVG
Profitability
an operating margin of 3.5% make it as profitable than the average company (4.1%)
- District Garage Limited
4.1% - Industry AVG
Employees
with 10 employees, this is below the industry average (49)
10 - District Garage Limited
49 - Industry AVG
Pay Structure
on an average salary of £33.2k, the company has an equivalent pay structure (£33.2k)
- District Garage Limited
£33.2k - Industry AVG
Efficiency
resulting in sales per employee of £167.9k, this is less efficient (£365.7k)
- District Garage Limited
£365.7k - Industry AVG
Debtor Days
it gets paid by customers after 27 days, this is later than average (21 days)
- District Garage Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (34 days)
- District Garage Limited
34 days - Industry AVG
Stock Days
it holds stock equivalent to 18 days, this is less than average (39 days)
- District Garage Limited
39 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 15 weeks, this is more cash available to meet short term requirements (9 weeks)
15 weeks - District Garage Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 73.2%, this is a similar level of debt than the average (67.4%)
73.2% - District Garage Limited
67.4% - Industry AVG
DISTRICT GARAGE LIMITED financials
District Garage Limited's latest turnover from December 2023 is estimated at £1.7 million and the company has net assets of £75.9 thousand. According to their latest financial statements, District Garage Limited has 10 employees and maintains cash reserves of £61 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 1,527,194 | 2,117,670 | 2,129,847 | 2,414,838 | 2,165,248 | 1,580,304 | 2,261,767 | 2,461,295 | 2,326,251 | 1,197,880 | |||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Cost Of Sales | 1,319,141 | 1,903,766 | 1,939,206 | 2,210,352 | 1,947,395 | 1,374,121 | 2,058,439 | 2,245,655 | 2,112,614 | 1,065,398 | |||||
| Gross Profit | 208,053 | 213,904 | 190,641 | 204,486 | 217,853 | 206,183 | 203,328 | 215,640 | 213,637 | 132,482 | |||||
| Admin Expenses | 207,602 | 197,599 | 3,350 | 194,421 | 194,942 | 216,329 | 192,070 | 228,012 | 175,041 | 206,374 | |||||
| Operating Profit | 451 | 16,305 | 187,291 | 10,065 | 22,911 | -10,146 | 11,258 | -12,372 | 38,596 | -73,892 | |||||
| Interest Payable | 0 | 0 | 0 | 0 | 0 | 418 | 1,760 | 2,900 | 1,768 | 1,470 | |||||
| Interest Receivable | 0 | 0 | 39 | 0 | 7 | 0 | 0 | 0 | 0 | 0 | |||||
| Pre-Tax Profit | 451 | 16,305 | 187,330 | 10,065 | 22,918 | -10,564 | 9,498 | -15,272 | 36,828 | -75,362 | |||||
| Tax | -294 | -3,267 | 1,965 | -1,652 | -11,906 | 10,046 | -3,014 | 4,194 | -10,616 | 20,516 | |||||
| Profit After Tax | 157 | 13,038 | 189,295 | 8,413 | 11,012 | -518 | 6,484 | -11,078 | 26,212 | -54,846 | |||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Retained Profit | 157 | 13,038 | 189,295 | 8,413 | 11,012 | -518 | 6,484 | -11,078 | 26,212 | -54,846 | |||||
| Employee Costs | 210,021 | 266,629 | 263,244 | 267,717 | 311,222 | 335,809 | 338,137 | 327,701 | 352,169 | 289,888 | |||||
| Number Of Employees | 10 | 9 | 9 | 11 | 9 | 9 | 9 | 10 | 10 | 12 | 13 | 14 | 14 | 14 | 13 |
| EBITDA* | 9,067 | 24,406 | 197,862 | 21,951 | 34,958 | 2,634 | 23,627 | 2,278 | 53,139 | -66,052 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 4,417 | 3,479 | 2,269 | 6,643 | 12,973 | 15,133 | 16,510 | 19,566 | 25,926 | 34,885 | 43,219 | 37,143 | 49,512 | 54,476 | 61,701 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 4,417 | 3,479 | 2,269 | 6,643 | 12,973 | 15,133 | 16,510 | 19,566 | 25,926 | 34,885 | 43,219 | 37,143 | 49,512 | 54,476 | 61,701 |
| Stock & work in progress | 67,235 | 103,693 | 108,614 | 134,380 | 141,660 | 163,344 | 109,907 | 83,758 | 58,681 | 65,298 | 66,848 | 73,222 | 93,969 | 69,598 | 131,732 |
| Trade Debtors | 127,288 | 107,728 | 74,610 | 151,245 | 150,778 | 89,134 | 113,284 | 124,578 | 195,313 | 127,565 | 136,447 | 98,074 | 67,882 | 204,652 | 93,306 |
| Group Debtors | 1,118 | 7,248 | 1,122 | 360 | 1,429 | 500 | 977 | 1,801 | 15,635 | 556 | 767 | 153,676 | 175,243 | 109,544 | 197,900 |
| Misc Debtors | 22,406 | 24,031 | 22,396 | 31,276 | 30,348 | 18,972 | 22,313 | 18,982 | 45,990 | 19,720 | 31,097 | 18,180 | 20,114 | 25,822 | 45,147 |
| Cash | 61,039 | 217,757 | 226,471 | 73,756 | 96,633 | 141,959 | 192,993 | 247,773 | 286,248 | 203,392 | 268,870 | 500 | 6,678 | 500 | 500 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 279,086 | 460,457 | 433,213 | 391,017 | 420,848 | 413,909 | 439,474 | 476,892 | 601,867 | 416,531 | 504,029 | 343,652 | 363,886 | 410,116 | 468,585 |
| total assets | 283,503 | 463,936 | 435,482 | 397,660 | 433,821 | 429,042 | 455,984 | 496,458 | 627,793 | 451,416 | 547,248 | 380,795 | 413,398 | 464,592 | 530,286 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 221,484 | 237,366 | 273,448 | 371,888 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 50,268 | 33,958 | 18,878 | 53,511 | 72,101 | 44,468 | 49,955 | 112,515 | 145,836 | 65,373 | 85,682 | 43,415 | 44,784 | 63,031 | 43,635 |
| Group/Directors Accounts | 98,989 | 350,000 | 352,262 | 349,970 | 350,162 | 350,000 | 350,000 | 350,186 | 550,370 | 548,632 | 622,733 | 302,998 | 318,603 | 301,126 | 333,195 |
| other short term finances | 0 | 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 | 0 |
| other current liabilities | 58,381 | 53,253 | 55,489 | 23,533 | 24,121 | 27,176 | 49,046 | 39,913 | 127,038 | 40,273 | 53,709 | 27,256 | 33,487 | 35,751 | 17,544 |
| total current liabilities | 207,638 | 437,211 | 426,629 | 427,014 | 446,384 | 421,644 | 449,001 | 502,614 | 823,244 | 654,278 | 762,124 | 595,153 | 634,240 | 673,356 | 766,262 |
| loans | 0 | 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 | 0 |
| Accruals and Deferred Income | 0 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 334 | 359 | 101 | 0 | 0 | 1,000 | 0 | 0 | 0 | 1,000 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 334 | 359 | 101 | 0 | 0 | 1,000 | 0 | 0 | 0 | 1,000 | 0 |
| total liabilities | 207,638 | 437,211 | 426,629 | 427,014 | 446,718 | 422,003 | 449,102 | 502,614 | 823,244 | 655,278 | 762,124 | 595,153 | 634,240 | 674,356 | 766,262 |
| net assets | 75,865 | 26,725 | 8,853 | -29,354 | -12,897 | 7,039 | 6,882 | -6,156 | -195,451 | -203,862 | -214,876 | -214,358 | -220,842 | -209,764 | -235,976 |
| total shareholders funds | 75,865 | 26,725 | 8,853 | -29,354 | -12,897 | 7,039 | 6,882 | -6,156 | -195,451 | -203,862 | -214,876 | -214,358 | -220,842 | -209,764 | -235,976 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | 451 | 16,305 | 187,291 | 10,065 | 22,911 | -10,146 | 11,258 | -12,372 | 38,596 | -73,892 | |||||
| Depreciation | 1,557 | 2,694 | 4,374 | 6,330 | 7,655 | 8,616 | 8,101 | 10,571 | 11,886 | 12,047 | 12,780 | 12,369 | 14,650 | 14,543 | 7,840 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -294 | -3,267 | 1,965 | -1,652 | -11,906 | 10,046 | -3,014 | 4,194 | -10,616 | 20,516 | |||||
| Stock | -36,458 | -4,921 | -25,766 | -7,280 | -21,684 | 53,437 | 26,149 | 25,077 | -6,617 | -1,550 | -6,374 | -20,747 | 24,371 | -62,134 | 131,732 |
| Debtors | 11,805 | 40,879 | -84,753 | 326 | 73,949 | -27,968 | -8,787 | -111,577 | 109,097 | -20,470 | -101,619 | 6,691 | -76,779 | 3,665 | 336,353 |
| Creditors | 16,310 | 15,080 | -34,633 | -18,590 | 27,633 | -5,487 | -62,560 | -33,321 | 80,463 | -20,309 | 42,267 | -1,369 | -18,247 | 19,396 | 43,635 |
| Accruals and Deferred Income | 5,128 | -2,236 | 31,956 | -588 | -3,055 | -21,870 | 9,133 | -87,125 | 86,765 | -13,436 | 26,453 | -6,231 | -2,264 | 18,207 | 17,544 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | -334 | -25 | 258 | 101 | 0 | -1,000 | 1,000 | 0 | 0 | -1,000 | 1,000 | 0 |
| Cash flow from operations | -43,795 | -49,549 | 165,881 | 84,047 | 12,327 | 189,393 | 27,069 | 37,369 | 139,595 | -452,442 | |||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -251,011 | -2,262 | 2,292 | -192 | 162 | 0 | -186 | -200,184 | 1,738 | -74,101 | 319,735 | -15,605 | 17,477 | -32,069 | 333,195 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 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 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||||
| interest | 0 | 0 | 39 | 0 | 7 | -418 | -1,760 | -2,900 | -1,768 | -1,470 | |||||
| cash flow from financing | 0 | -186 | -200,145 | 1,736 | -74,092 | 319,317 | -17,365 | 14,577 | -33,837 | 150,595 | |||||
| cash and cash equivalents | |||||||||||||||
| cash | -156,718 | -8,714 | 152,715 | -22,877 | -45,326 | -51,034 | -54,780 | -38,475 | 82,856 | -65,478 | 268,370 | -6,178 | 6,178 | 0 | 500 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -221,484 | -15,882 | -36,082 | -98,440 | 371,888 |
| change in cash | -156,718 | -8,714 | 152,715 | -22,877 | -45,326 | -51,034 | -54,780 | -38,475 | 82,856 | -65,478 | 489,854 | 9,704 | 42,260 | 98,440 | -371,388 |
district garage limited Credit Report and Business Information
District Garage Limited Competitor Analysis
Perform a competitor analysis for district garage limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in BL4 area or any other competitors across 12 key performance metrics.
district garage limited Ownership
DISTRICT GARAGE LIMITED group structure
District Garage Limited has no subsidiary companies.
Ultimate parent company
2 parents
DISTRICT GARAGE LIMITED
00609661
district garage limited directors
District Garage Limited currently has 2 directors. The longest serving directors include Mr Stephen Seddon (Sep 1996) and Mr Gerard Waddington (May 1999).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Stephen Seddon | 58 years | Sep 1996 | - | Director | |
| Mr Gerard Waddington | England | 64 years | May 1999 | - | Director |
P&L
December 2023turnover
1.7m
+12%
operating profit
58.6k
0%
gross margin
22.5%
-0.42%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
75.9k
+1.84%
total assets
283.5k
-0.39%
cash
61k
-0.72%
net assets
Total assets minus all liabilities
district garage limited company details
company number
00609661
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
incorporation date
August 1958
age
66
incorporated
UK
accounts
Small Company
ultimate parent company
previous names
district garage limited (October 2009)
district garage (worsley) limited(the) (January 1997)
last accounts submitted
December 2023
address
units a2-a6, edge fold industrial estate, plo, bolton, BL4 0LR
accountant
AZETS AUDIT SERVICES
auditor
-
district garage limited 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 6 charges/mortgages relating to district garage limited. Currently there are 0 open charges and 6 have been satisfied in the past.
district garage limited Companies House Filings - See Documents
| date | description | view/download |
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