Central Garage (newport) Limited

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central garage (newport) limited Company Information

Live

MatureMidHealthy

Company Number

00997405

Website

http://centralnewport.citroen.co.uk

Registered Address

central garage riverway, newport, isle of wight, PO30 5UX

Industry

Sale of new cars and light motor vehicles

Telephone

01983526541

Next Accounts Due

September 2025

Group Structure

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Directors

Roger Sixsmith33 Years

Gary Spencer9 Years

Shareholders

gary spencer 50%

roger sixsmith 30%

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central garage (newport) limited Estimated Valuation

£1.3m

Pomanda estimates the enterprise value of CENTRAL GARAGE (NEWPORT) LIMITED at £1.3m based on a Turnover of £5.1m and 0.26x industry multiple (adjusted for size and gross margin).

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Central Garage (newport) Limited is a live company located in isle of wight, PO30 5UX with a Companies House number of 00997405. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in December 1970, it's largest shareholder is gary spencer with a 50% stake. Central Garage (newport) Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.1m with healthy growth in recent years.

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Pomanda's financial health check has awarded Central Garage (Newport) Limited a 2 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

Health Rating2out of 5

2 Strong

4 Regular

6 Weak

Size

annual sales of £5.1m, make it smaller than the average company (£59.5m)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7.6%)

EXPORT

Central Garage (Newport) Limited's latest turnover from December 2023 is estimated at £5.1 million and the company has net assets of £131.4 thousand. According to their latest financial statements, Central Garage (Newport) Limited has 16 employees and maintains cash reserves of £140 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	5,103,842	4,875,270	4,875,298	4,106,851	4,841,803	5,153,569	6,549,050	5,171,294	4,352,504	2,805,270	3,566,357	3,905,421	3,763,850	3,730,014	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	4,593,663	4,372,927	4,301,689	3,614,563	4,389,084	4,659,376	5,916,814	4,660,968	3,916,409	2,514,556	3,185,048	3,485,580	3,355,949	3,310,508	0
Gross Profit	510,179	502,343	573,609	492,288	452,719	494,193	632,236	510,326	436,094	290,714	381,309	419,840	407,902	419,506	0
Admin Expenses	627,977	466,154	470,799	460,708	477,904	625,890	666,349	479,668	406,622	257,210	317,363	384,070	484,415	385,950	-345,309
Operating Profit	-117,798	36,189	102,810	31,580	-25,185	-131,697	-34,113	30,658	29,472	33,504	63,946	35,770	-76,513	33,556	345,309
Interest Payable	4,501	4,348	12,002	20,386	7,096	4,764	1,555	0	0	0	0	0	0	0	0
Interest Receivable	7	1,190	0	27	1	1	585	352	173	53	1	1	138	138	1
Pre-Tax Profit	-122,292	33,031	90,808	11,221	-32,280	-136,460	-35,083	31,010	29,645	33,557	63,947	35,771	-76,375	33,694	345,310
Tax	0	-6,276	-27,280	-1,951	0	0	0	-6,202	-5,929	-7,047	-14,708	-8,585	0	-9,434	-96,687
Profit After Tax	-122,292	26,755	63,528	9,270	-32,280	-136,460	-35,083	24,808	23,716	26,510	49,239	27,186	-76,375	24,260	248,623
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-122,292	26,755	63,528	9,270	-32,280	-136,460	-35,083	24,808	23,716	26,510	49,239	27,186	-76,375	24,260	248,623
Employee Costs	604,074	619,128	602,116	607,612	596,627	641,827	749,258	611,764	567,206	195,703	272,692	290,975	290,000	288,078	0
Number Of Employees	16	17	18	19	19	21	25	21	20	7	10	11	11	11	0
EBITDA*	-103,930	50,373	115,643	43,139	-11,842	-118,083	-20,830	40,563	40,012	44,630	74,394	48,913	-63,166	46,903	358,656

* 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	88,199	93,481	93,242	98,789	91,312	91,328	103,442	72,352	59,260	69,800	65,365	77,825	85,813	88,307	96,783
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	10,957	29,279	34,459	0	0	0
Total Fixed Assets	88,199	93,481	93,242	98,789	91,312	91,328	103,442	72,352	59,260	80,757	94,644	112,284	85,813	88,307	96,783
Stock & work in progress	403,450	496,437	356,972	597,658	497,741	539,313	781,824	509,541	414,765	422,900	389,838	392,077	380,001	457,553	439,141
Trade Debtors	62,202	17,609	46,048	46,846	68,802	64,869	66,376	53,163	54,589	66,552	120,882	127,010	116,862	84,311	218,162
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	79,463	90,157	84,974	37,695	53,808	40,966	34,553	51,294	75,356	0	0	0	0	387	9,040
Cash	140	140	67,864	5,203	140	140	140	233,690	47,949	21,113	140	140	140	55,070	271
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	545,255	604,343	555,858	687,402	620,491	645,288	882,893	847,688	592,659	510,565	510,860	519,227	497,003	597,321	666,614
total assets	633,454	697,824	649,100	786,191	711,803	736,616	986,335	920,040	651,919	591,322	605,504	631,511	582,816	685,628	763,397
Bank overdraft	19,909	20,484	9,626	5,517	116,941	93,318	47,831	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	350,803	304,999	246,683	479,672	368,529	363,747	556,605	493,797	243,990	271,955	313,906	387,886	376,308	391,008	493,037
Group/Directors Accounts	0	0	30,000	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	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	98,080	74,730	58,309	76,869	59,530	80,916	52,086	58,060	66,979	0	0	0	0	0	0
total current liabilities	468,792	400,213	344,618	562,058	545,000	537,981	656,522	551,857	310,969	271,955	313,906	387,886	376,308	391,008	493,037
loans	15,661	25,780	35,650	44,483	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	1,626	0	0	0	0	0	0	0	0	0	0	0
provisions	17,596	18,134	41,890	14,610	12,659	12,211	6,929	10,216	7,791	9,924	8,665	9,931	0	11,737	11,737
total long term liabilities	33,257	43,914	77,540	60,719	12,659	12,211	6,929	10,216	7,791	9,924	8,665	9,931	0	11,737	11,737
total liabilities	502,049	444,127	422,158	622,777	557,659	550,192	663,451	562,073	318,760	281,879	322,571	397,817	376,308	402,745	504,774
net assets	131,405	253,697	226,942	163,414	154,144	186,424	322,884	357,967	333,159	309,443	282,933	233,694	206,508	282,883	258,623
total shareholders funds	131,405	253,697	226,942	163,414	154,144	186,424	322,884	357,967	333,159	309,443	282,933	233,694	206,508	282,883	258,623

	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	-117,798	36,189	102,810	31,580	-25,185	-131,697	-34,113	30,658	29,472	33,504	63,946	35,770	-76,513	33,556	345,309
Depreciation	13,868	14,184	12,833	11,559	13,343	13,614	13,283	9,905	10,540	11,126	10,448	13,143	13,347	13,347	13,347
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,276	-27,280	-1,951	0	0	0	-6,202	-5,929	-7,047	-14,708	-8,585	0	-9,434	-96,687
Stock	-92,987	139,465	-240,686	99,917	-41,572	-242,511	272,283	94,776	-8,135	33,062	-2,239	12,076	-77,552	18,412	439,141
Debtors	33,899	-23,256	46,481	-38,069	16,775	4,906	-3,528	-25,488	52,436	-72,652	-11,308	44,607	32,164	-142,504	227,202
Creditors	45,804	58,316	-232,989	111,143	4,782	-192,858	62,808	249,807	-27,965	-41,951	-73,980	11,578	-14,700	-102,029	493,037
Accruals and Deferred Income	23,350	16,421	-18,560	17,339	-21,386	28,830	-5,974	-8,919	66,979	0	0	0	0	0	0
Deferred Taxes & Provisions	-538	-23,756	27,280	1,951	448	5,282	-3,287	2,425	-2,133	1,259	-1,266	9,931	-11,737	0	11,737
Cash flow from operations	23,774	-21,131	58,299	109,773	-3,201	-39,224	-236,038	208,386	26,663	36,481	-2,013	5,154	-44,215	59,532	100,400
Investing Activities
capital expenditure	-8,586	-14,423	-7,286	-19,036	-13,327	-1,500	-44,373	-22,997	0	-15,561	2,012	-5,155	-10,853	-4,871	-110,130
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-8,586	-14,423	-7,286	-19,036	-13,327	-1,500	-44,373	-22,997	0	-15,561	2,012	-5,155	-10,853	-4,871	-110,130
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	-30,000	30,000	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	0	0	0
Long term loans	-10,119	-9,870	-8,833	44,483	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	-1,626	1,626	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	-4,494	-3,158	-12,002	-20,359	-7,095	-4,763	-970	352	173	53	1	1	138	138	1
cash flow from financing	-14,613	-43,028	7,539	25,750	-7,095	-4,763	-970	352	173	53	1	1	138	138	10,001
cash and cash equivalents
cash	0	-67,724	62,661	5,063	0	0	-233,550	185,741	26,836	20,973	0	0	-54,930	54,799	271
overdraft	-575	10,858	4,109	-111,424	23,623	45,487	47,831	0	0	0	0	0	0	0	0
change in cash	575	-78,582	58,552	116,487	-23,623	-45,487	-281,381	185,741	26,836	20,973	0	0	-54,930	54,799	271

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 central garage (newport) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in PO30 area or any other competitors across 12 key performance metrics.

CENTRAL GARAGE (NEWPORT) LIMITED group structure

Central Garage (Newport) Limited has no subsidiary companies.

Ultimate parent company

CENTRAL GARAGE (NEWPORT) LIMITED

00997405

CENTRAL GARAGE (NEWPORT) LIMITED Shareholders

gary spencer	50%
roger sixsmith	30%
roger. sixsmith	20%

Central Garage (Newport) Limited currently has 2 directors. The longest serving directors include Mr Roger Sixsmith (Jul 1991) and Mr Gary Spencer (Sep 2015).

officer	country	age	start	end	role
Mr Roger Sixsmith	England	79 years	Jul 1991	-	Director
Mr Gary Spencer	England	55 years	Sep 2015	-	Director

P&L

December 2023

turnover

5.1m

+5%

operating profit

-117.8k

gross margin

10%

-2.99%

turnover

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

Balance Sheet

December 2023

net assets

131.4k

-0.48%

total assets

633.5k

-0.09%

cash

140

net assets

Total assets minus all liabilities

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1.5

company number

00997405

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

incorporation date

December 1970

ultimate parent company

None

previous names

N/A

address

central garage riverway, newport, isle of wight, PO30 5UX

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 5 charges/mortgages relating to central garage (newport) limited. Currently there are 3 open charges and 2 have been satisfied in the past.

central garage (newport) limited Company Information

central garage (newport) limited Estimated Valuation

central garage (newport) limited Estimated Valuation

central garage (newport) limited Estimated Valuation

Central Garage (newport) Limited Overview

Central Garage (newport) Limited Health Check

CENTRAL GARAGE (NEWPORT) LIMITED financials

central garage (newport) limited Credit Report and Business Information

Central Garage (newport) Limited Competitor Analysis

central garage (newport) limited Ownership

central garage (newport) limited directors

central garage (newport) limited company details

central garage (newport) limited Charges & Mortgages

central garage (newport) limited Companies House Filings - See Documents