Pomanda estimates the enterprise value of RAC MOTORING SERVICES at £934.6m based on a Turnover of £517m and 1.81x industry multiple (adjusted for size and gross margin).
rac motoring servicesEstimated Valuation
£886.5m
Pomanda estimates the enterprise value of RAC MOTORING SERVICES at £886.5m based on an EBITDA of £91m and a 9.74x industry multiple (adjusted for size and gross margin).
rac motoring servicesEstimated Valuation
£549.9m
Pomanda estimates the enterprise value of RAC MOTORING SERVICES at £549.9m based on Net Assets of £228m and 2.41x industry multiple (adjusted for liquidity).
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Rac Motoring ServicesOverview
Rac Motoring Services is a live company located in walsall, WS5 4AW with a Companies House number of 01424399. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in May 1979, it's largest shareholder is
rac motoring services (holdings) ltd
with a 100% stake. Rac Motoring Services is a mature,
mega sized company, Pomanda has estimated its turnover at
£517m with
healthy
growth in recent years.
Pomanda's financial health check has awarded Rac Motoring Services a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 3 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
2 Regular
3 Weak
Size
annual sales of £517m, make it larger than the average company (£1.2m)
£517m - Rac Motoring Services
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of 6%, show it is growing at a similar rate (8%)
6% - Rac Motoring Services
8% - Industry AVG
Production
with a gross margin of 42%, this company has a comparable cost of product (42%)
42% - Rac Motoring Services
42% - Industry AVG
Profitability
an operating margin of 10.4% make it more profitable than the average company (6.4%)
10.4% - Rac Motoring Services
6.4% - Industry AVG
Employees
with 3618 employees, this is above the industry average (15)
3618 - Rac Motoring Services
15 - Industry AVG
Pay Structure
on an average salary of £45.6k, the company has a higher pay structure (£34.6k)
£45.6k - Rac Motoring Services
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £142.9k, this is more efficient (£104.2k)
£142.9k - Rac Motoring Services
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 8 days, this is earlier than average (31 days)
8 days - Rac Motoring Services
31 days - Industry AVG
Creditor Days
its suppliers are paid after 127 days, this is slower than average (40 days)
127 days - Rac Motoring Services
40 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (40 days)
3 days - Rac Motoring Services
40 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 1 weeks, this is less cash available to meet short term requirements (37 weeks)
1 weeks - Rac Motoring Services
37 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 67.1%, this is a higher level of debt than the average (48.3%)
67.1% - Rac Motoring Services
48.3% - Industry AVG
RAC MOTORING SERVICES financials
EXPORT
Rac Motoring Services's latest turnover from December 2023 is £517 million and the company has net assets of £228 million. According to their latest financial statements, Rac Motoring Services has 3,618 employees and maintains cash reserves of £6 million 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
517,000,000
475,000,000
435,000,000
429,000,000
448,000,000
439,000,000
449,000,000
436,000,000
433,000,000
428,000,000
422,000,000
400,000,000
388,000,000
385,000,000
415,000,000
Other Income Or Grants
Cost Of Sales
299,688,923
277,386,976
257,000,000
255,000,000
279,000,000
277,000,000
261,000,000
215,000,000
205,000,000
217,000,000
216,000,000
198,000,000
203,000,000
216,000,000
Gross Profit
217,311,077
197,613,024
178,000,000
174,000,000
169,000,000
162,000,000
188,000,000
221,000,000
228,000,000
211,000,000
206,000,000
202,000,000
185,000,000
169,000,000
Admin Expenses
163,311,077
125,613,024
123,000,000
98,000,000
103,000,000
102,000,000
105,000,000
130,000,000
139,000,000
133,000,000
136,000,000
82,268,158
102,000,000
77,000,000
-74,533,333
Operating Profit
54,000,000
72,000,000
55,000,000
76,000,000
66,000,000
60,000,000
83,000,000
91,000,000
89,000,000
78,000,000
70,000,000
119,731,842
83,000,000
92,000,000
74,533,333
Interest Payable
5,000,000
4,000,000
4,000,000
4,000,000
5,000,000
4,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
Interest Receivable
7,000,000
4,000,000
2,000,000
2,000,000
3,000,000
2,000,000
2,000,000
3,000,000
15,000,000
18,000,000
12,000,000
11,000,000
13,000,000
9,000,000
5,000
Pre-Tax Profit
85,000,000
98,000,000
65,000,000
83,000,000
71,000,000
64,000,000
88,000,000
97,000,000
103,000,000
95,000,000
81,000,000
117,000,000
86,000,000
111,000,000
76,000,000
Tax
-21,000,000
-12,000,000
3,000,000
-10,000,000
-12,000,000
-13,000,000
-18,000,000
-21,000,000
-24,000,000
-22,000,000
-23,000,000
-26,000,000
-11,000,000
-29,000,000
Profit After Tax
64,000,000
86,000,000
68,000,000
73,000,000
59,000,000
51,000,000
70,000,000
76,000,000
79,000,000
73,000,000
58,000,000
91,000,000
75,000,000
82,000,000
51,000,000
Dividends Paid
200,000,000
74,000,000
104,000,000
200,000,000
200,000,000
60,000,000
87,000,000
23,000,000
238,000,000
Retained Profit
-136,000,000
86,000,000
68,000,000
-1,000,000
-45,000,000
51,000,000
-130,000,000
-124,000,000
19,000,000
73,000,000
-29,000,000
68,000,000
-163,000,000
82,000,000
51,000,000
Employee Costs
165,000,000
151,000,000
146,000,000
142,000,000
144,000,000
135,000,000
129,000,000
138,000,000
139,000,000
145,000,000
149,000,000
147,000,000
138,000,000
138,000,000
156,000,000
Number Of Employees
3,618
3,538
3,454
3,379
3,203
3,271
3,266
3,466
3,438
3,447
3,419
3,535
3,700
3,906
4,292
EBITDA*
91,000,000
102,000,000
84,000,000
105,000,000
99,000,000
83,000,000
100,000,000
112,000,000
110,000,000
95,000,000
76,000,000
123,731,842
85,000,000
92,000,000
77,533,333
* 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
282,000,000
274,000,000
386,000,000
356,000,000
340,000,000
299,000,000
216,000,000
208,000,000
326,000,000
308,000,000
296,000,000
292,000,000
251,000,000
327,000,000
59,000,000
Intangible Assets
118,000,000
103,000,000
37,000,000
36,000,000
36,000,000
40,000,000
46,000,000
42,000,000
47,000,000
44,000,000
42,000,000
10,000,000
1,000,000
Investments & Other
58,000,000
58,000,000
58,000,000
58,000,000
58,000,000
133,000,000
58,000,000
58,000,000
58,000,000
58,000,000
58,000,000
58,000,000
1,000,000
1,000,000
Debtors (Due After 1 year)
195,000,000
190,000,000
182,000,000
164,000,000
155,000,000
113,000,000
112,000,000
109,000,000
230,000,000
219,000,000
208,000,000
208,000,000
208,000,000
300,000,000
Total Fixed Assets
400,000,000
377,000,000
361,000,000
346,000,000
337,000,000
339,000,000
262,000,000
250,000,000
373,000,000
352,000,000
338,000,000
302,000,000
252,000,000
327,000,000
59,000,000
Stock & work in progress
3,000,000
2,000,000
3,000,000
4,000,000
2,000,000
2,000,000
2,000,000
2,000,000
3,000,000
2,000,000
2,000,000
2,000,000
2,000,000
2,000,000
Trade Debtors
12,000,000
8,000,000
14,000,000
391,000,000
15,000,000
17,000,000
16,000,000
12,000,000
47,000,000
45,000,000
37,000,000
36,000,000
42,000,000
38,000,000
Group Debtors
249,000,000
342,000,000
303,000,000
300,000,000
271,000,000
178,000,000
102,000,000
193,000,000
176,000,000
142,000,000
137,000,000
36,000,000
126,000,000
Misc Debtors
22,000,000
15,000,000
16,000,000
29,000,000
25,000,000
25,000,000
19,000,000
7,000,000
8,000,000
19,000,000
43,000,000
37,000,000
39,000,000
Cash
6,000,000
7,000,000
18,000,000
15,000,000
2,000,000
3,000,000
4,000,000
2,000,000
4,000,000
2,000,000
1,000,000
2,000,000
5,000,000
2,000,000
misc current assets
2,000,000
372,000,000
total current assets
292,000,000
374,000,000
354,000,000
410,000,000
348,000,000
318,000,000
225,000,000
137,000,000
254,000,000
233,000,000
201,000,000
220,000,000
119,000,000
210,000,000
396,000,000
total assets
692,000,000
751,000,000
715,000,000
756,000,000
685,000,000
657,000,000
487,000,000
387,000,000
627,000,000
585,000,000
539,000,000
522,000,000
371,000,000
537,000,000
455,000,000
Bank overdraft
114,000,000
Bank loan
Trade Creditors
105,000,000
100,000,000
39,000,000
462,000,000
58,000,000
53,000,000
49,000,000
219,000,000
50,000,000
48,000,000
54,000,000
288,000,000
58,000,000
246,000,000
145,000,000
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
164,000,000
228,000,000
333,000,000
18,000,000
345,000,000
270,000,000
224,000,000
26,000,000
310,000,000
288,000,000
303,000,000
6,000,000
209,000,000
2,000,000
total current liabilities
269,000,000
328,000,000
372,000,000
480,000,000
403,000,000
323,000,000
273,000,000
245,000,000
360,000,000
336,000,000
357,000,000
294,000,000
267,000,000
248,000,000
285,000,000
loans
hp & lease commitments
Accruals and Deferred Income
4,000,000
8,000,000
other liabilities
192,000,000
60,000,000
60,000,000
61,000,000
66,000,000
73,000,000
3,000,000
3,000,000
3,000,000
20,000,000
20,000,000
43,000,000
provisions
6,000,000
6,000,000
6,000,000
6,000,000
6,000,000
6,000,000
8,000,000
8,000,000
8,000,000
8,000,000
8,000,000
8,000,000
10,000,000
8,000,000
total long term liabilities
195,000,000
63,000,000
63,000,000
64,000,000
69,000,000
76,000,000
7,000,000
7,000,000
7,000,000
8,000,000
12,000,000
24,000,000
25,000,000
47,000,000
3,000,000
total liabilities
464,000,000
391,000,000
435,000,000
544,000,000
472,000,000
399,000,000
280,000,000
252,000,000
367,000,000
344,000,000
369,000,000
318,000,000
292,000,000
295,000,000
288,000,000
net assets
228,000,000
360,000,000
280,000,000
212,000,000
213,000,000
258,000,000
207,000,000
135,000,000
260,000,000
241,000,000
170,000,000
204,000,000
79,000,000
242,000,000
167,000,000
total shareholders funds
228,000,000
360,000,000
280,000,000
212,000,000
213,000,000
258,000,000
207,000,000
135,000,000
260,000,000
241,000,000
170,000,000
204,000,000
79,000,000
242,000,000
167,000,000
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
54,000,000
72,000,000
55,000,000
76,000,000
66,000,000
60,000,000
83,000,000
91,000,000
89,000,000
78,000,000
70,000,000
119,731,842
83,000,000
92,000,000
74,533,333
Depreciation
8,000,000
5,000,000
18,000,000
18,000,000
18,000,000
4,000,000
5,000,000
5,000,000
4,000,000
4,000,000
4,000,000
3,000,000
2,000,000
3,000,000
Amortisation
29,000,000
25,000,000
11,000,000
11,000,000
15,000,000
19,000,000
12,000,000
16,000,000
17,000,000
13,000,000
2,000,000
1,000,000
Tax
-21,000,000
-12,000,000
3,000,000
-10,000,000
-12,000,000
-13,000,000
-18,000,000
-21,000,000
-24,000,000
-22,000,000
-23,000,000
-26,000,000
-11,000,000
-29,000,000
Stock
1,000,000
-1,000,000
-1,000,000
2,000,000
-1,000,000
1,000,000
2,000,000
Debtors
-77,000,000
40,000,000
-40,000,000
56,000,000
73,000,000
95,000,000
89,000,000
-235,000,000
29,000,000
42,000,000
-18,000,000
101,000,000
-180,000,000
503,000,000
Creditors
5,000,000
61,000,000
-423,000,000
404,000,000
5,000,000
4,000,000
-170,000,000
169,000,000
2,000,000
-6,000,000
-234,000,000
230,000,000
-188,000,000
101,000,000
145,000,000
Accruals and Deferred Income
-64,000,000
-105,000,000
315,000,000
-327,000,000
75,000,000
46,000,000
198,000,000
-284,000,000
18,000,000
-19,000,000
305,000,000
-203,000,000
207,000,000
2,000,000
Deferred Taxes & Provisions
-2,000,000
-2,000,000
2,000,000
8,000,000
Cash flow from operations
87,000,000
7,000,000
20,000,000
114,000,000
94,000,000
23,000,000
21,000,000
212,000,000
76,000,000
6,000,000
142,000,000
21,731,842
275,000,000
-331,000,000
222,533,333
Investing Activities
capital expenditure
-60,000,000
16,000,000
-60,000,000
-45,000,000
-70,000,000
-100,000,000
-29,000,000
102,000,000
-42,000,000
-31,000,000
-42,000,000
-54,000,000
73,000,000
-268,000,000
-62,000,000
Change in Investments
-75,000,000
75,000,000
57,000,000
1,000,000
cash flow from investments
-60,000,000
16,000,000
-60,000,000
-45,000,000
5,000,000
-175,000,000
-29,000,000
102,000,000
-42,000,000
-31,000,000
-42,000,000
-111,000,000
73,000,000
-269,000,000
-62,000,000
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
132,000,000
-1,000,000
-5,000,000
-7,000,000
70,000,000
3,000,000
-20,000,000
-23,000,000
43,000,000
share issue
4,000,000
-6,000,000
202,000,000
-1,000,000
-2,000,000
-5,000,000
57,000,000
-7,000,000
116,000,000
interest
2,000,000
-2,000,000
-2,000,000
-2,000,000
-2,000,000
1,000,000
2,000,000
14,000,000
17,000,000
11,000,000
11,000,000
13,000,000
9,000,000
5,000
cash flow from financing
138,000,000
-6,000,000
-3,000,000
-7,000,000
-9,000,000
68,000,000
203,000,000
1,000,000
17,000,000
15,000,000
-14,000,000
68,000,000
-10,000,000
45,000,000
116,005,000
cash and cash equivalents
cash
-1,000,000
-11,000,000
3,000,000
13,000,000
-1,000,000
-1,000,000
2,000,000
-2,000,000
2,000,000
1,000,000
-1,000,000
2,000,000
-5,000,000
3,000,000
2,000,000
overdraft
-114,000,000
114,000,000
change in cash
-1,000,000
-11,000,000
3,000,000
13,000,000
-1,000,000
-1,000,000
2,000,000
-2,000,000
2,000,000
1,000,000
-1,000,000
2,000,000
-5,000,000
117,000,000
-112,000,000
rac motoring services Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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rac motoring services Ownership
RAC MOTORING SERVICES group structure
Rac Motoring Services has no subsidiary companies.
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 rac motoring services.
rac motoring services Capital Raised & Share Issues BETA
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rac motoring servicesCompanies House Filings - See Documents
