David Herd Motors Limited

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david herd motors limited Company Information

Live (In Liquidation)

MatureSmallDeclining

Company Number

00844268

Website

www.davidherdmotors.co.uk

Registered Address

seneca house/links point, amy johnson way, blackpool, lancashire, FY4 2FF

Industry

Maintenance and repair of motor vehicles

Sale of used cars and light motor vehicles

Telephone

01617475086

Next Accounts Due

580 days late

Group Structure

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Directors

David Butterworth24 Years

Sam Foster24 Years

Shareholders

mr sam foster 55%

joanne foster 25%

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david herd motors limited Estimated Valuation

£2.4m

Pomanda estimates the enterprise value of DAVID HERD MOTORS LIMITED at £2.4m based on Net Assets of £772.1k and 3.05x industry multiple (adjusted for liquidity).

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David Herd Motors Limited is a live company located in blackpool, FY4 2FF with a Companies House number of 00844268. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 1965, it's largest shareholder is mr sam foster with a 55% stake. David Herd Motors Limited is a mature, small sized company, Pomanda has estimated its turnover at £897.9k with declining growth in recent years.

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Pomanda's financial health check has awarded David Herd Motors Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

5 Strong

2 Regular

5 Weak

Size

annual sales of £897.9k, make it smaller than the average company (£1.7m)

Growth

3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (1.7%)

EXPORT

David Herd Motors Limited's latest turnover from June 2021 is estimated at £897.9 thousand and the company has net assets of £772.1 thousand. According to their latest financial statements, David Herd Motors Limited has 16 employees and maintains cash reserves of £289.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	897,861	1,121,640	1,355,477	1,449,549	1,210,518	1,422,909	866,194	773,851	956,688	1,196,855	871,223	1,176,096
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	695,021	845,463	1,025,669	1,081,523	894,996	1,051,256	637,776	571,657	707,327	875,836	633,249	844,617
Gross Profit	202,840	276,178	329,808	368,026	315,522	371,654	228,418	202,194	249,361	321,019	237,974	331,478
Admin Expenses	198,038	321,574	343,396	411,165	291,475	294,827	205,722	210,383	227,845	324,040	249,378	79,440
Operating Profit	4,802	-45,396	-13,588	-43,139	24,047	76,827	22,696	-8,189	21,516	-3,021	-11,404	252,038
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	280	286	2,025	1,392	811	1,468	1,230	1,180	995	823	752	330
Pre-Tax Profit	5,081	-45,110	-11,563	-41,747	24,858	78,295	23,926	-7,009	22,510	-2,198	-10,652	252,368
Tax	-965	0	0	0	-4,723	-15,659	-4,785	0	-5,177	0	0	-70,663
Profit After Tax	4,116	-45,110	-11,563	-41,747	20,135	62,636	19,141	-7,009	17,333	-2,198	-10,652	181,705
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	4,116	-45,110	-11,563	-41,747	20,135	62,636	19,141	-7,009	17,333	-2,198	-10,652	181,705
Employee Costs	428,343	444,190	484,185	396,263	385,444	375,860	132,449	129,467	181,301	225,932	146,091	217,740
Number Of Employees	16	16	17	14	14	14	5	5	7	9	6	9
EBITDA*	23,291	-27,070	5,754	-22,876	44,735	92,999	40,977	7,609	40,071	16,034	8,911	273,868

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	592,529	604,570	619,358	635,820	647,837	665,364	160,848	155,423	166,834	174,172	186,146	201,994
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	592,529	604,570	619,358	635,820	647,837	665,364	160,848	155,423	166,834	174,172	186,146	201,994
Stock & work in progress	21,614	21,042	20,494	26,268	25,622	37,663	33,544	51,165	41,471	42,410	46,143	59,236
Trade Debtors	9,833	57,665	65,973	129,117	77,611	85,112	72,263	48,037	68,227	110,733	63,479	92,241
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,630	5,171	4,561	4,623	3,793	3,715	0	0	0	0	0	0
Cash	289,354	269,927	302,065	237,960	318,869	329,558	257,651	234,424	237,565	160,340	168,821	132,146
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	330,431	353,805	393,093	397,968	425,895	456,048	363,458	333,626	347,263	313,483	278,443	283,623
total assets	922,960	958,375	1,012,451	1,033,788	1,073,732	1,121,412	524,306	489,049	514,097	487,655	464,589	485,617
Bank overdraft	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
Trade Creditors	25,107	35,652	35,612	42,976	26,826	41,389	139,192	124,603	141,269	130,789	100,742	104,765
Group/Directors Accounts	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	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	33,870	57,785	60,884	51,477	62,306	111,090	0	0	0	0	0	0
total current liabilities	58,977	93,437	96,496	94,453	89,132	152,479	139,192	124,603	141,269	130,789	100,742	104,765
loans	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
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	846	4,230	7,614
provisions	91,882	94,155	97,264	106,283	107,003	108,673	13,213	11,686	13,059	13,584	14,983	17,952
total long term liabilities	91,882	94,155	97,264	106,283	107,003	108,673	13,213	11,686	13,059	14,430	19,213	25,566
total liabilities	150,859	187,592	193,760	200,736	196,135	261,152	152,405	136,289	154,328	145,219	119,955	130,331
net assets	772,101	770,783	818,691	833,052	877,597	860,260	371,901	352,760	359,769	342,436	344,634	355,286
total shareholders funds	772,101	770,783	818,691	833,052	877,597	860,260	371,901	352,760	359,769	342,436	344,634	355,286

	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	4,802	-45,396	-13,588	-43,139	24,047	76,827	22,696	-8,189	21,516	-3,021	-11,404	252,038
Depreciation	18,489	18,326	19,342	20,263	20,688	16,172	18,281	15,798	18,555	19,055	20,315	21,830
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-965	0	0	0	-4,723	-15,659	-4,785	0	-5,177	0	0	-70,663
Stock	572	548	-5,774	646	-12,041	4,119	-17,621	9,694	-939	-3,733	-13,093	59,236
Debtors	-43,373	-7,698	-63,206	52,336	-7,423	16,564	24,226	-20,190	-42,506	47,254	-28,762	92,241
Creditors	-10,545	40	-7,364	16,150	-14,563	-97,803	14,589	-16,666	10,480	30,047	-4,023	104,765
Accruals and Deferred Income	-23,915	-3,099	9,407	-10,829	-48,784	111,090	0	0	0	0	0	0
Deferred Taxes & Provisions	-2,273	-3,109	-9,019	-720	-1,670	95,460	1,527	-1,373	-525	-1,399	-2,969	17,952
Cash flow from operations	28,394	-26,088	67,758	-71,257	-5,541	165,404	45,703	66	88,294	1,161	43,774	174,445
Investing Activities
capital expenditure	-6,448	-3,538	-2,880	-8,246	-3,161	-520,688	-23,706	-4,387	-11,217	-7,081	-4,467	-223,824
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-6,448	-3,538	-2,880	-8,246	-3,161	-520,688	-23,706	-4,387	-11,217	-7,081	-4,467	-223,824
Financing Activities
Bank loans	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
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	0	-846	-3,384	-3,384	7,614
share issue	-2,798	-2,798	-2,798	-2,798	-2,798	425,723	0	0	0	0	0	173,581
interest	280	286	2,025	1,392	811	1,468	1,230	1,180	995	823	752	330
cash flow from financing	-2,518	-2,512	-773	-1,406	-1,987	427,191	1,230	1,180	149	-2,561	-2,632	181,525
cash and cash equivalents
cash	19,427	-32,138	64,105	-80,909	-10,689	71,907	23,227	-3,141	77,225	-8,481	36,675	132,146
overdraft	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	19,427	-32,138	64,105	-80,909	-10,689	71,907	23,227	-3,141	77,225	-8,481	36,675	132,146

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for david herd motors 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 FY4 area or any other competitors across 12 key performance metrics.

DAVID HERD MOTORS LIMITED group structure

David Herd Motors Limited has no subsidiary companies.

Ultimate parent company

DAVID HERD MOTORS LIMITED

00844268

DAVID HERD MOTORS LIMITED Shareholders

mr sam foster	55.01%
joanne foster	24.99%
mr d. butterworth	20%

David Herd Motors Limited currently has 2 directors. The longest serving directors include Mr David Butterworth (Jan 2000) and Sam Foster (Jan 2000).

officer	country	age	start	end	role
Mr David Butterworth		61 years	Jan 2000	-	Director
Sam Foster		64 years	Jan 2000	-	Director

P&L

June 2021

turnover

897.9k

-20%

operating profit

4.8k

gross margin

22.6%

-8.25%

turnover

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

Balance Sheet

June 2021

net assets

772.1k

total assets

923k

-0.04%

cash

289.4k

+0.07%

net assets

Total assets minus all liabilities

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company number

00844268

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

45112 - Sale of used cars and light motor vehicles

incorporation date

April 1965

ultimate parent company

None

previous names

N/A

address

seneca house/links point, amy johnson way, blackpool, lancashire, FY4 2FF

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 3 charges/mortgages relating to david herd motors limited. Currently there are 0 open charges and 3 have been satisfied in the past.

david herd motors limited Company Information

david herd motors limited Estimated Valuation

david herd motors limited Estimated Valuation

david herd motors limited Estimated Valuation

David Herd Motors Limited Overview

David Herd Motors Limited Health Check

DAVID HERD MOTORS LIMITED financials

david herd motors limited Credit Report and Business Information

David Herd Motors Limited Competitor Analysis

david herd motors limited Ownership

david herd motors limited directors

david herd motors limited company details

david herd motors limited Charges & Mortgages

david herd motors limited Companies House Filings - See Documents