worthing coaches limited
worthing coaches limited Company Information
Company Number
01313045
Next Accounts
114 days late
Industry
Other passenger land transport n.e.c.
Shareholders
lucketts holdings ltd
Group Structure
View All
Contact
Registered Address
national express house, birmingham coach station, mill l, birmingham, B5 6DD
Website
www.worthing-coaches.co.ukworthing coaches limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHING COACHES LIMITED at £1.9m based on a Turnover of £4.2m and 0.44x industry multiple (adjusted for size and gross margin).
worthing coaches limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHING COACHES LIMITED at £3.9m based on an EBITDA of £981k and a 3.96x industry multiple (adjusted for size and gross margin).
worthing coaches limited Estimated Valuation
Pomanda estimates the enterprise value of WORTHING COACHES LIMITED at £11.7m based on Net Assets of £4.1m and 2.84x industry multiple (adjusted for liquidity).
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Worthing Coaches Limited Overview
Worthing Coaches Limited is a live company located in birmingham, B5 6DD with a Companies House number of 01313045. It operates in the other passenger land transport sector, SIC Code 49390. Founded in May 1977, it's largest shareholder is lucketts holdings ltd with a 100% stake. Worthing Coaches Limited is a mature, small sized company, Pomanda has estimated its turnover at £4.2m with rapid growth in recent years.
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Worthing Coaches Limited Health Check
Pomanda's financial health check has awarded Worthing Coaches Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 2 areas for improvement. Company Health Check FAQs
9 Strong
1 Regular
2 Weak
Size
annual sales of £4.2m, make it larger than the average company (£1.2m)
£4.2m - Worthing Coaches Limited
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 40%, show it is growing at a faster rate (-0.4%)
- Worthing Coaches Limited
-0.4% - Industry AVG
Production
with a gross margin of 25.1%, this company has a comparable cost of product (25.1%)
25.1% - Worthing Coaches Limited
25.1% - Industry AVG
Profitability
an operating margin of 23% make it more profitable than the average company (6.4%)
23% - Worthing Coaches Limited
6.4% - Industry AVG
Employees
with 53 employees, this is above the industry average (31)
53 - Worthing Coaches Limited
31 - Industry AVG
Pay Structure
on an average salary of £32.8k, the company has a higher pay structure (£24.5k)
£32.8k - Worthing Coaches Limited
£24.5k - Industry AVG
Efficiency
resulting in sales per employee of £79.9k, this is more efficient (£55.2k)
£79.9k - Worthing Coaches Limited
£55.2k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is earlier than average (22 days)
7 days - Worthing Coaches Limited
22 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is slower than average (22 days)
38 days - Worthing Coaches Limited
22 days - Industry AVG
Stock Days
it holds stock equivalent to 5 days, this is less than average (7 days)
5 days - Worthing Coaches Limited
7 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 3 weeks, this is less cash available to meet short term requirements (51 weeks)
3 weeks - Worthing Coaches Limited
51 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 30.2%, this is a lower level of debt than the average (45.2%)
30.2% - Worthing Coaches Limited
45.2% - Industry AVG
WORTHING COACHES LIMITED financials
Worthing Coaches Limited's latest turnover from December 2022 is £4.2 million and the company has net assets of £4.1 million. According to their latest financial statements, Worthing Coaches Limited has 53 employees and maintains cash reserves of £124.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 4,235,591 | 2,709,018 | 2,639,108 | |||||||||||
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 974,860 | 1,088,642 | -99,872 | |||||||||||
| Interest Payable | 2,380 | 3,110 | 5,882 | |||||||||||
| Interest Receivable | 0 | 0 | 0 | |||||||||||
| Pre-Tax Profit | 972,480 | 1,085,532 | -105,754 | |||||||||||
| Tax | -161,697 | -74,298 | -46,528 | |||||||||||
| Profit After Tax | 810,783 | 1,011,234 | -152,282 | |||||||||||
| Dividends Paid | 0 | 0 | 0 | |||||||||||
| Retained Profit | 810,783 | 1,011,234 | -152,282 | |||||||||||
| Employee Costs | 1,740,940 | 1,038,366 | 1,278,201 | |||||||||||
| Number Of Employees | 53 | 41 | 46 | 45 | 41 | 44 | 45 | 46 | ||||||
| EBITDA* | 981,037 | 1,134,879 | -58,620 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 160,333 | 200,033 | 235,757 | 207,845 | 326,384 | 333,158 | 389,702 | 468,912 | 633,837 | 657,328 | 812,098 | 918,917 | 1,046,197 | 1,143,707 |
| 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 | 160,333 | 200,033 | 235,757 | 207,845 | 326,384 | 333,158 | 389,702 | 468,912 | 633,837 | 657,328 | 812,098 | 918,917 | 1,046,197 | 1,143,707 |
| Stock & work in progress | 47,249 | 37,137 | 33,130 | 63,608 | 39,807 | 4,222 | 10,524 | 31,252 | 36,004 | 9,534 | 13,876 | 5,930 | 6,044 | 0 |
| Trade Debtors | 87,424 | 98,591 | 158,142 | 55,218 | 32,782 | 80,531 | 58,777 | 176,274 | 1,664,262 | 1,422,928 | 1,025,064 | 842,808 | 812,569 | 907,893 |
| Group Debtors | 5,255,982 | 4,928,380 | 4,627,478 | 4,055,407 | 3,537,032 | 3,372,611 | 2,839,648 | 2,257,559 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 240,280 | 190,094 | 49,321 | 59,486 | 61,829 | 14,652 | 14,758 | 8,368 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 124,671 | 97,180 | 3,695 | 68,560 | 204,364 | 184,838 | 143,770 | 388,623 | 266,482 | 412,190 | 76,461 | 494,220 | 689,145 | 66,055 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 5,755,606 | 5,351,382 | 4,871,766 | 4,302,279 | 3,875,814 | 3,656,854 | 3,067,477 | 2,862,076 | 1,966,748 | 1,844,652 | 1,115,401 | 1,342,958 | 1,507,758 | 973,948 |
| total assets | 5,915,939 | 5,551,415 | 5,107,523 | 4,510,124 | 4,202,198 | 3,990,012 | 3,457,179 | 3,330,988 | 2,600,585 | 2,501,980 | 1,927,499 | 2,261,875 | 2,553,955 | 2,117,655 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,710 | 0 | 0 | 0 | 179,844 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 8,519 | 30,428 | 29,713 | 0 | 0 | 26,695 | 26,806 | 281,870 | 0 |
| Trade Creditors | 338,079 | 60,805 | 83,085 | 85,005 | 34,234 | 16,314 | 7,812 | 21,693 | 1,156,271 | 1,141,088 | 543,273 | 825,585 | 706,248 | 215,438 |
| Group/Directors Accounts | 1,063,320 | 1,782,480 | 2,055,667 | 1,742,037 | 1,829,374 | 1,639,790 | 1,482,530 | 1,247,235 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 261,693 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 42,664 | 39,699 | 36,073 | 0 | 0 | 0 | 0 | 0 | 0 | 26,701 | 53,361 | 55,742 | 123,124 | 122,883 |
| other current liabilities | 261,060 | 199,740 | 170,994 | 220,405 | 132,640 | 202,295 | 113,542 | 250,244 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 1,705,123 | 2,082,724 | 2,607,512 | 2,047,447 | 1,996,248 | 1,866,918 | 1,634,312 | 1,548,885 | 1,156,271 | 1,194,499 | 623,329 | 908,133 | 1,111,242 | 518,165 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 8,526 | 38,951 | 0 | 99,451 | 127,282 | 154,371 | 181,431 | 208,204 |
| hp & lease commitments | 43,614 | 82,073 | 113,116 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 26,740 | 80,140 | 188,311 | 311,435 |
| 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 | 68,662 | 0 | 0 | 0 | 0 | 0 |
| provisions | 39,377 | 69,576 | 81,087 | 4,587 | 25,144 | 26,295 | 40,132 | 58,087 | 91,038 | 110,135 | 139,189 | 172,963 | 206,932 | 169,498 |
| total long term liabilities | 82,991 | 151,649 | 194,203 | 4,587 | 25,144 | 26,295 | 48,658 | 97,038 | 159,700 | 209,586 | 293,211 | 407,474 | 576,674 | 689,137 |
| total liabilities | 1,788,114 | 2,234,373 | 2,801,715 | 2,052,034 | 2,021,392 | 1,893,213 | 1,682,970 | 1,645,923 | 1,315,971 | 1,404,085 | 916,540 | 1,315,607 | 1,687,916 | 1,207,302 |
| net assets | 4,127,825 | 3,317,042 | 2,305,808 | 2,458,090 | 2,180,806 | 2,096,799 | 1,774,209 | 1,685,065 | 1,284,614 | 1,097,895 | 1,010,959 | 946,268 | 866,039 | 910,353 |
| total shareholders funds | 4,127,825 | 3,317,042 | 2,305,808 | 2,458,090 | 2,180,806 | 2,096,799 | 1,774,209 | 1,685,065 | 1,284,614 | 1,097,895 | 1,010,959 | 946,268 | 866,039 | 910,353 |
| Dec 2022 | Dec 2021 | Dec 2020 | Aug 2019 | Aug 2018 | Aug 2017 | Aug 2016 | Aug 2015 | Aug 2014 | Aug 2013 | Aug 2012 | Aug 2011 | Aug 2010 | Aug 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 974,860 | 1,088,642 | -99,872 | |||||||||||
| Depreciation | 6,177 | 46,237 | 41,252 | 6,032 | 16,382 | 21,180 | 25,042 | 45,444 | 49,146 | 58,668 | 73,086 | 85,613 | 97,510 | 115,988 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -161,697 | -74,298 | -46,528 | |||||||||||
| Stock | 10,112 | 4,007 | -30,478 | 23,801 | 35,585 | -6,302 | -20,728 | -4,752 | 26,470 | -4,342 | 7,946 | -114 | 6,044 | 0 |
| Debtors | 366,621 | 382,124 | 664,830 | 538,468 | 163,849 | 554,611 | 470,982 | 777,939 | 241,334 | 397,864 | 182,256 | 30,239 | -95,324 | 907,893 |
| Creditors | 277,274 | -22,280 | -1,920 | 50,771 | 17,920 | 8,502 | -13,881 | -1,134,578 | 15,183 | 597,815 | -282,312 | 119,337 | 490,810 | 215,438 |
| Accruals and Deferred Income | 61,320 | 28,746 | -49,411 | 87,765 | -69,655 | 88,753 | -136,702 | 250,244 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | -30,199 | -11,511 | 76,500 | -20,557 | -1,151 | -13,837 | -17,955 | -32,951 | -19,097 | -29,054 | -33,774 | -33,969 | 37,434 | 169,498 |
| Cash flow from operations | 751,002 | 669,405 | -714,331 | |||||||||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 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 | -8,519 | -21,909 | 715 | 29,713 | 0 | -26,695 | -111 | -255,064 | 281,870 | 0 |
| Group/Directors Accounts | -719,160 | -273,187 | 313,630 | -87,337 | 189,584 | 157,260 | 235,295 | 1,247,235 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | -261,693 | 261,693 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | -8,526 | -30,425 | 38,951 | -99,451 | -27,831 | -27,089 | -27,060 | -26,773 | 208,204 |
| Hire Purchase and Lease Commitments | -35,494 | -27,417 | 149,189 | 0 | 0 | 0 | 0 | 0 | -26,701 | -53,400 | -55,781 | -175,553 | -122,883 | 434,318 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68,662 | 68,662 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -2,380 | -3,110 | -5,882 | |||||||||||
| cash flow from financing | -757,034 | -565,407 | 718,630 | |||||||||||
| cash and cash equivalents | ||||||||||||||
| cash | 27,491 | 93,485 | -64,865 | -135,804 | 19,526 | 41,068 | -244,853 | 122,141 | -145,708 | 335,729 | -417,759 | -194,925 | 623,090 | 66,055 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -26,710 | 26,710 | 0 | 0 | -179,844 | 179,844 |
| change in cash | 27,491 | 93,485 | -64,865 | -135,804 | 19,526 | 41,068 | -244,853 | 122,141 | -118,998 | 309,019 | -417,759 | -194,925 | 802,934 | -113,789 |
worthing coaches limited Credit Report and Business Information
Worthing Coaches Limited Competitor Analysis
Perform a competitor analysis for worthing coaches limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in B 5 area or any other competitors across 12 key performance metrics.
worthing coaches limited Ownership
WORTHING COACHES LIMITED group structure
Worthing Coaches Limited has no subsidiary companies.
Ultimate parent company
2 parents
WORTHING COACHES LIMITED
01313045
worthing coaches limited directors
Worthing Coaches Limited currently has 4 directors. The longest serving directors include Mr Thomas Stables (Feb 2020) and Mr Simon Callander (Aug 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Thomas Stables | 52 years | Feb 2020 | - | Director | |
| Mr Simon Callander | England | 57 years | Aug 2023 | - | Director |
| Ms Alexandra Jensen | England | 55 years | Oct 2023 | - | Director |
| Mr Neil Miles | England | 54 years | Oct 2023 | - | Director |
P&L
December 2022turnover
4.2m
+56%
operating profit
974.9k
-10%
gross margin
25.1%
+23.08%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.1m
+0.24%
total assets
5.9m
+0.07%
cash
124.7k
+0.28%
net assets
Total assets minus all liabilities
Similar Companies
worthing coaches limited company details
company number
01313045
Type
Private limited with Share Capital
industry
49390 - Other passenger land transport n.e.c.
incorporation date
May 1977
age
48
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
N/A
accountant
-
auditor
DELOITTE LLP
address
national express house, birmingham coach station, mill l, birmingham, B5 6DD
Bank
-
Legal Advisor
-
worthing coaches 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 3 charges/mortgages relating to worthing coaches limited. Currently there are 0 open charges and 3 have been satisfied in the past.
worthing coaches limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
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worthing coaches limited Companies House Filings - See Documents
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