Mike Wheeler Motor Cycles Limited

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mike wheeler motor cycles limited Company Information

Live

MatureSmallDeclining

Company Number

01049844

Website

www.mikewheeler.co.uk

Registered Address

108/110 high street, witney, oxo, high street, witney, OX28 6HT

Industry

Sale, maintenance and repair of motorcycles and related parts and accessories

Telephone

01993702660

Next Accounts Due

April 2025

Group Structure

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Directors

Michael Wheeler33 Years

Michael Wheeler21 Years

Shareholders

mr michael ian wheeler 60%

michael john wheeler 40%

mike wheeler motor cycles limited Estimated Valuation

£665.1k

Pomanda estimates the enterprise value of MIKE WHEELER MOTOR CYCLES LIMITED at £665.1k based on a Turnover of £1.1m and 0.62x industry multiple (adjusted for size and gross margin).

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Mike Wheeler Motor Cycles Limited is a live company located in witney, OX28 6HT with a Companies House number of 01049844. It operates in the sale, maintenance and repair of motorcycles and related parts and accessories sector, SIC Code 45400. Founded in April 1972, it's largest shareholder is mr michael ian wheeler with a 60% stake. Mike Wheeler Motor Cycles Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.1m with declining growth in recent years.

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Pomanda's financial health check has awarded Mike Wheeler Motor Cycles Limited a 0.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating0.5out of 5

0 Strong

1 Regular

7 Weak

Size

annual sales of £1.1m, make it smaller than the average company (£16.8m)

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (6.9%)

EXPORT

Mike Wheeler Motor Cycles Limited's latest turnover from July 2023 is estimated at £1.1 million and the company has net assets of £181.7 thousand. According to their latest financial statements, Mike Wheeler Motor Cycles Limited has 5 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	1,076,117	834,019	796,920	1,151,309	928,690	874,877	1,056,271	135,753	113,675	155,764	136,333	181,841	165,411	185,091
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	955,951	758,022	715,908	1,013,344	820,699	751,582	891,652	117,438	95,379	133,421	116,688	156,221	139,205	160,820
Gross Profit	120,166	75,997	81,011	137,965	107,992	123,296	164,618	18,315	18,296	22,344	19,645	25,620	26,206	24,271
Admin Expenses	165,422	43,604	88,076	128,995	110,394	120,100	161,276	13,780	19,152	15,259	18,223	18,925	10,724	-210,291
Operating Profit	-45,256	32,393	-7,065	8,970	-2,402	3,196	3,342	4,535	-856	7,085	1,422	6,695	15,482	234,562
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	189	727	679	611	590	613	582	278
Pre-Tax Profit	-45,256	32,393	-7,065	8,970	-2,402	3,196	3,531	5,263	-177	7,696	2,012	7,308	16,064	234,840
Tax	0	-6,155	0	-1,704	0	-607	-706	-1,052	0	-1,770	-483	-1,900	-4,498	-65,755
Profit After Tax	-45,256	26,238	-7,065	7,266	-2,402	2,589	2,825	4,210	-177	5,926	1,529	5,408	11,566	169,085
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-45,256	26,238	-7,065	7,266	-2,402	2,589	2,825	4,210	-177	5,926	1,529	5,408	11,566	169,085
Employee Costs	165,568	142,712	130,853	142,303	138,386	134,311	81,607	24,610	23,874	25,118	23,943	23,799	23,671	24,644
Number Of Employees	5	5	5	5	5	5	3	1	1	1	1	1	1	1
EBITDA*	-45,256	32,393	-7,065	8,970	-2,402	3,196	3,342	4,825	-505	7,470	1,891	7,268	16,186	235,429

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	0	3,821	4,898	6,300	8,131	10,521	2,949	1,492	1,782	1,905	2,290	2,760	3,333	4,036
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	3,821	4,898	6,300	8,131	10,521	2,949	1,492	1,782	1,905	2,290	2,760	3,333	4,036
Stock & work in progress	0	0	0	0	0	0	0	78,640	89,454	91,596	95,913	96,096	94,195	87,735
Trade Debtors	181,742	270,032	231,304	241,551	228,909	224,040	233,873	5,739	1,134	5,799	6,619	9,278	4,990	8,546
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	5,326	5,146	5,087	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	151,033	139,911	131,830	112,591	123,385	121,699	111,226
misc current assets	0	0	0	0	5,629	5,264	5,096	0	0	0	0	0	0	0
total current assets	181,742	275,358	236,450	246,638	234,538	229,304	238,969	235,412	230,499	229,225	215,123	228,759	220,884	207,507
total assets	181,742	279,179	241,348	252,938	242,669	239,825	241,918	236,904	232,281	231,130	217,413	231,519	224,217	211,543
Bank overdraft	0	0	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	0	0
Trade Creditors	0	48,361	37,038	41,313	39,365	34,224	38,931	36,857	36,444	32,616	24,825	40,460	38,566	37,458
Group/Directors Accounts	0	0	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
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other current liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current liabilities	0	48,361	37,038	41,313	39,365	34,224	38,931	36,857	36,444	32,616	24,825	40,460	38,566	37,458
loans	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
Accruals and Deferred Income	0	3,820	3,550	3,800	2,745	2,640	2,615	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	0	3,820	3,550	3,800	2,745	2,640	2,615	0	0	0	0	0	0	0
total liabilities	0	52,181	40,588	45,113	42,110	36,864	41,546	36,857	36,444	32,616	24,825	40,460	38,566	37,458
net assets	181,742	226,998	200,760	207,825	200,559	202,961	200,372	200,047	195,837	198,514	192,588	191,059	185,651	174,085
total shareholders funds	181,742	226,998	200,760	207,825	200,559	202,961	200,372	200,047	195,837	198,514	192,588	191,059	185,651	174,085

	Jul 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-45,256	32,393	-7,065	8,970	-2,402	3,196	3,342	4,535	-856	7,085	1,422	6,695	15,482	234,562
Depreciation	0	0	0	0	0	0	0	290	351	385	469	573	704	867
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-6,155	0	-1,704	0	-607	-706	-1,052	0	-1,770	-483	-1,900	-4,498	-65,755
Stock	0	0	0	0	0	0	-78,640	-10,814	-2,142	-4,317	-183	1,901	6,460	87,735
Debtors	-93,616	38,908	-10,188	17,729	4,869	-9,833	228,134	4,605	-4,665	-820	-2,659	4,288	-3,556	8,546
Creditors	-48,361	11,323	-4,275	1,948	5,141	-4,707	2,074	413	3,828	7,791	-15,635	1,894	1,108	37,458
Accruals and Deferred Income	-3,820	270	-250	1,055	105	25	2,615	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	-3,821	-1,077	-1,402	-7,460	-2,025	7,740	-142,169	10,395	10,130	18,628	-11,385	1,073	9,892	110,851
Investing Activities
capital expenditure	3,821	1,077	1,402	1,831	2,390	-7,572	-1,457	0	-228	0	1	0	-1	-4,903
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	3,821	1,077	1,402	1,831	2,390	-7,572	-1,457	0	-228	0	1	0	-1	-4,903
Financing Activities
Bank loans	0	0	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	0	0
Other Short Term Loans	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
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	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	-2,500	0	-2,500	0	0	0	0	5,000
interest	0	0	0	0	0	0	189	727	679	611	590	613	582	278
cash flow from financing	0	0	0	0	0	0	-2,311	727	-1,821	611	590	613	582	5,278
cash and cash equivalents
cash	0	0	0	0	0	0	-151,033	11,122	8,081	19,239	-10,794	1,686	10,473	111,226
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	-151,033	11,122	8,081	19,239	-10,794	1,686	10,473	111,226

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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MIKE WHEELER MOTOR CYCLES LIMITED group structure

Mike Wheeler Motor Cycles Limited has no subsidiary companies.

Ultimate parent company

MIKE WHEELER MOTOR CYCLES LIMITED

01049844

MIKE WHEELER MOTOR CYCLES LIMITED Shareholders

mr michael ian wheeler	60%
michael john wheeler	40%

Mike Wheeler Motor Cycles Limited currently has 2 directors. The longest serving directors include Mr Michael Wheeler (May 1991) and Mr Michael Wheeler (Aug 2002).

officer	country	age	start	end	role
Mr Michael Wheeler		87 years	May 1991	-	Director
Mr Michael Wheeler		54 years	Aug 2002	-	Director

P&L

July 2023

turnover

1.1m

+29%

operating profit

-45.3k

gross margin

11.2%

+22.55%

turnover

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

Balance Sheet

July 2023

net assets

181.7k

-0.2%

total assets

181.7k

-0.35%

cash

net assets

Total assets minus all liabilities

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company number

01049844

Type

Private limited with Share Capital

industry

45400 - Sale, maintenance and repair of motorcycles and related parts and accessories

incorporation date

April 1972

age

accounts

Micro-Entity Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

108/110 high street, witney, oxo, high street, witney, OX28 6HT

last accounts submitted

July 2023

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 did not find charges/mortgages relating to mike wheeler motor cycles limited.

mike wheeler motor cycles limited Company Information

mike wheeler motor cycles limited Estimated Valuation

mike wheeler motor cycles limited Estimated Valuation

mike wheeler motor cycles limited Estimated Valuation

Mike Wheeler Motor Cycles Limited Overview

Mike Wheeler Motor Cycles Limited Health Check

MIKE WHEELER MOTOR CYCLES LIMITED financials

mike wheeler motor cycles limited Credit Report and Business Information

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mike wheeler motor cycles limited Ownership

mike wheeler motor cycles limited directors

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