Constitution Motors Limited

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constitution motors limited Company Information

Live

MatureSmallDeclining

Company Number

00628480

Website

http://www.constitution-mitsubishi.co.uk

Registered Address

215b woodcock road, norwich, NR3 3TE

Industry

Retail trade of motor vehicle parts and accessories

Telephone

01603411111

Next Accounts Due

September 2024

Group Structure

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Directors

Ian Coates21 Years

Shareholders

ian michael coates 75.1%

christopher robert jay 14.9%

View All

constitution motors limited Estimated Valuation

£1.4m

Pomanda estimates the enterprise value of CONSTITUTION MOTORS LIMITED at £1.4m based on Net Assets of £571.9k and 2.38x industry multiple (adjusted for liquidity).

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Constitution Motors Limited is a live company located in norwich, NR3 3TE with a Companies House number of 00628480. It operates in the retail trade of motor vehicle parts and accessories sector, SIC Code 45320. Founded in May 1959, it's largest shareholder is ian michael coates with a 75.1% stake. Constitution Motors Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Constitution Motors Limited a 2 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

2 Strong

3 Regular

7 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£7.8m)

Growth

3 year (CAGR) sales growth of -23%, show it is growing at a slower rate (4.2%)

EXPORT

Constitution Motors Limited's latest turnover from December 2022 is estimated at £1.4 million and the company has net assets of £571.9 thousand. According to their latest financial statements, Constitution Motors Limited has 14 employees and maintains cash reserves of £252 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	1,395,856	1,665,095	2,437,207	3,045,028	3,123,419	3,284,999	3,690,458	3,510,469	4,024,673	2,675,394	3,029,129	3,854,387	3,374,252	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,017,716	1,171,035	1,766,651	2,115,804	2,159,472	2,259,076	2,571,442	2,458,753	2,806,949	1,951,232	2,122,149	2,697,745	2,337,299	0
Gross Profit	378,141	494,059	670,555	929,224	963,947	1,025,923	1,119,016	1,051,716	1,217,724	724,162	906,981	1,156,642	1,036,954	0
Admin Expenses	363,380	454,258	574,800	636,131	953,863	994,739	1,187,499	1,045,117	1,256,018	693,728	760,324	994,914	816,670	101,946
Operating Profit	14,761	39,801	95,755	293,093	10,084	31,184	-68,483	6,599	-38,294	30,434	146,657	161,728	220,284	-101,946
Interest Payable	19,841	10,133	12,246	31,726	44,506	41,553	38,229	28,943	15,763	10,649	14,716	20,412	23,046	11,909
Interest Receivable	9	54	21	2	2	1	0	1	1	1	265	566	1,011	709
Pre-Tax Profit	-5,071	29,721	83,531	261,369	-34,420	-10,368	-106,712	-22,343	-54,056	19,786	132,207	141,882	198,249	-113,146
Tax	0	-5,647	-15,871	-49,660	0	0	0	0	0	-4,551	-31,730	-36,889	-55,510	0
Profit After Tax	-5,071	24,074	67,660	211,709	-34,420	-10,368	-106,712	-22,343	-54,056	15,235	100,477	104,993	142,739	-113,146
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-5,071	24,074	67,660	211,709	-34,420	-10,368	-106,712	-22,343	-54,056	15,235	100,477	104,993	142,739	-113,146
Employee Costs	403,090	483,443	590,924	650,411	618,432	596,383	594,510	550,310	538,532	354,639	424,549	541,079	490,884	0
Number Of Employees	14	18	21	23	23	24	24	22	21	14	18	23	21	0
EBITDA*	20,912	46,598	104,635	307,130	27,518	49,067	-44,593	32,350	-5,306	64,081	177,898	190,748	249,769	-78,925

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	29,326	461,516	407,257	478,543	731,174	734,156	749,175	765,250	785,294	786,696	678,386	678,134	669,756	640,957
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	718,782	279,424	279,424	279,424	279,424	279,424	279,424	279,424	279,424	279,424	279,424	285,203	289,889	296,094
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	748,108	740,940	686,681	757,967	1,010,598	1,013,580	1,028,599	1,044,674	1,064,718	1,066,120	957,810	963,337	959,645	937,051
Stock & work in progress	492,993	627,425	907,587	1,136,097	1,026,577	1,055,614	1,053,699	992,264	721,992	523,331	770,522	876,164	749,068	481,996
Trade Debtors	27,575	14,005	49,737	61,391	105,926	139,336	140,691	53,566	172,910	89,772	108,054	119,104	105,035	175,471
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	15,455	25,839	55,648	71,629	100,846	55,568	69,002	89,994	0	0	0	0	0	0
Cash	252	252	42,633	252	249	253	153	152	152	142	142	105,912	120,636	283,575
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	536,275	667,521	1,055,605	1,269,369	1,233,598	1,250,771	1,263,545	1,135,976	895,054	613,245	878,718	1,101,180	974,739	941,042
total assets	1,284,383	1,408,461	1,742,286	2,027,336	2,244,196	2,264,351	2,292,144	2,180,650	1,959,772	1,679,365	1,836,528	2,064,517	1,934,384	1,878,093
Bank overdraft	185,936	64,442	0	157,427	221,832	179,802	177,447	48,731	0	0	0	0	0	0
Bank loan	41,672	15,419	10,332	3,699	30,274	38,730	37,212	38,661	0	0	0	0	0	0
Trade Creditors	253,192	425,009	756,118	1,041,637	902,691	1,007,483	987,838	889,825	931,738	667,305	854,564	1,104,447	1,016,489	1,043,610
Group/Directors Accounts	142,094	136,719	131,524	126,284	121,014	118,694	117,362	119,005	0	0	0	0	0	0
other short term finances	0	18,604	48,088	38,568	49,253	21,223	21,223	21,223	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	58,652	100,377	137,218	103,148	153,225	112,337	110,591	79,128	0	0	0	0	0	0
total current liabilities	681,546	760,570	1,083,280	1,470,763	1,478,289	1,478,269	1,451,673	1,196,573	931,738	667,305	854,564	1,104,447	1,016,489	1,043,610
loans	24,999	66,633	100,746	42,642	396,329	381,255	421,668	457,160	324,767	160,235	167,426	285,368	342,689	366,423
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	154,645	260,099	237,236	191,287	191,287	216,864
provisions	5,939	4,288	5,364	6,642	7,373	8,202	11,810	13,212	11,763	0	0	0	0	3,000
total long term liabilities	30,938	70,921	106,110	49,284	403,702	389,457	433,478	470,372	491,175	420,334	404,662	476,655	533,976	586,287
total liabilities	712,484	831,491	1,189,390	1,520,047	1,881,991	1,867,726	1,885,151	1,666,945	1,422,913	1,087,639	1,259,226	1,581,102	1,550,465	1,629,897
net assets	571,899	576,970	552,896	507,289	362,205	396,625	406,993	513,705	536,859	591,726	577,302	483,415	383,919	248,196
total shareholders funds	571,899	576,970	552,896	507,289	362,205	396,625	406,993	513,705	536,859	591,726	577,302	483,415	383,919	248,196

	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	14,761	39,801	95,755	293,093	10,084	31,184	-68,483	6,599	-38,294	30,434	146,657	161,728	220,284	-101,946
Depreciation	6,151	6,797	8,880	14,037	17,434	17,883	23,890	25,751	32,988	33,647	31,241	29,020	29,485	23,021
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,647	-15,871	-49,660	0	0	0	0	0	-4,551	-31,730	-36,889	-55,510	0
Stock	-134,432	-280,162	-228,510	109,520	-29,037	1,915	61,435	270,272	198,661	-247,191	-105,642	127,096	267,072	481,996
Debtors	3,186	-65,541	-27,635	-73,752	11,868	-14,789	66,133	-29,350	83,138	-18,282	-11,050	14,069	-70,436	175,471
Creditors	-171,817	-331,109	-285,519	138,946	-104,792	19,645	98,013	-41,913	264,433	-187,259	-249,883	87,958	-27,121	1,043,610
Accruals and Deferred Income	-41,725	-36,841	34,070	-50,077	40,888	1,746	31,463	79,128	0	0	0	0	0	0
Deferred Taxes & Provisions	1,651	-1,076	-1,278	-731	-829	-3,608	-1,402	1,449	11,763	0	0	0	-3,000	3,000
Cash flow from operations	-59,733	17,628	92,182	309,840	-20,046	79,724	-44,087	-169,908	-10,909	137,744	12,977	100,652	-32,498	310,218
Investing Activities
capital expenditure	426,039	-61,056	62,406	238,594	-14,452	-2,864	-7,815	-5,707	-31,586	-141,957	-31,493	-37,398	-58,284	-663,978
Change in Investments	439,358	0	0	0	0	0	0	0	0	0	-5,779	-4,686	-6,205	296,094
cash flow from investments	-13,319	-61,056	62,406	238,594	-14,452	-2,864	-7,815	-5,707	-31,586	-141,957	-25,714	-32,712	-52,079	-960,072
Financing Activities
Bank loans	26,253	5,087	6,633	-26,575	-8,456	1,518	-1,449	38,661	0	0	0	0	0	0
Group/Directors Accounts	5,375	5,195	5,240	5,270	2,320	1,332	-1,643	119,005	0	0	0	0	0	0
Other Short Term Loans	-18,604	-29,484	9,520	-10,685	28,030	0	0	21,223	0	0	0	0	0	0
Long term loans	-41,634	-34,113	58,104	-353,687	15,074	-40,413	-35,492	132,393	164,532	-7,191	-117,942	-57,321	-23,734	366,423
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	-154,645	-105,454	22,863	45,949	0	-25,577	216,864
share issue	0	0	-22,053	-66,625	0	0	0	-811	-811	-811	-6,590	-5,497	-7,016	361,342
interest	-19,832	-10,079	-12,225	-31,724	-44,504	-41,552	-38,229	-28,942	-15,762	-10,648	-14,451	-19,846	-22,035	-11,200
cash flow from financing	-48,442	-63,394	45,219	-484,026	-7,536	-79,115	-76,813	126,884	42,505	4,213	-93,034	-82,664	-78,362	933,429
cash and cash equivalents
cash	0	-42,381	42,381	3	-4	100	1	0	10	0	-105,770	-14,724	-162,939	283,575
overdraft	121,494	64,442	-157,427	-64,405	42,030	2,355	128,716	48,731	0	0	0	0	0	0
change in cash	-121,494	-106,823	199,808	64,408	-42,034	-2,255	-128,715	-48,731	10	0	-105,770	-14,724	-162,939	283,575

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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CONSTITUTION MOTORS LIMITED group structure

Constitution Motors Limited has 2 subsidiary companies.

Ultimate parent company

CONSTITUTION MOTORS LIMITED

00628480

2 subsidiaries

CONSTITUTION MOTORS (CONTRACTS) LIMITED

00715947

A.W.RAMSEY(COACHWORKS)LIMITED

00843813

CONSTITUTION MOTORS LIMITED Shareholders

ian michael coates	75.12%
christopher robert jay	14.88%
suzanne coates	10%

Constitution Motors Limited currently has 1 director, Mr Ian Coates serving since Sep 2002.

officer	country	age	start	end	role
Mr Ian Coates	England	60 years	Sep 2002	-	Director

P&L

December 2022

turnover

1.4m

-16%

operating profit

14.8k

gross margin

27.1%

-8.7%

turnover

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

Balance Sheet

December 2022

net assets

571.9k

-0.01%

total assets

1.3m

-0.09%

cash

252

net assets

Total assets minus all liabilities

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company number

00628480

Type

Private limited with Share Capital

industry

45320 - Retail trade of motor vehicle parts and accessories

incorporation date

May 1959

age

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

incorporated

address

215b woodcock road, norwich, NR3 3TE

last accounts submitted

December 2022

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 13 charges/mortgages relating to constitution motors limited. Currently there are 4 open charges and 9 have been satisfied in the past.

constitution motors limited Company Information

constitution motors limited Estimated Valuation

constitution motors limited Estimated Valuation

constitution motors limited Estimated Valuation

Constitution Motors Limited Overview

Constitution Motors Limited Health Check

CONSTITUTION MOTORS LIMITED financials

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constitution motors limited Ownership

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constitution motors limited company details

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constitution motors limited Companies House Filings - See Documents