M.j. Allen Automotive Ltd

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m.j. allen automotive ltd Company Information

Live

MatureLargeHigh

Company Number

01861858

Website

http://www.mjallen.co.uk

Registered Address

javelin house, henwood industrial estate, ashford, kent, TN24 8DE

Industry

Wholesale trade of motor vehicle parts and accessories

Telephone

01233622214

Next Accounts Due

June 2025

Group Structure

View All

Directors

Michael Allen39 Years

Ben Allen5 Years

View All

Shareholders

m j allen holdings ltd 50%

michael john allen & unallocated 50%

m.j. allen automotive ltd Estimated Valuation

£8.3m

Pomanda estimates the enterprise value of M.J. ALLEN AUTOMOTIVE LTD at £8.3m based on Net Assets of £3.3m and 2.51x industry multiple (adjusted for liquidity).

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M.j. Allen Automotive Ltd is a live company located in ashford, TN24 8DE with a Companies House number of 01861858. It operates in the wholesale trade of motor vehicle parts and accessories sector, SIC Code 45310. Founded in November 1984, it's largest shareholder is m j allen holdings ltd with a 50% stake. M.j. Allen Automotive Ltd is a mature, large sized company, Pomanda has estimated its turnover at £23.3m with high growth in recent years.

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Pomanda's financial health check has awarded M.J. Allen Automotive Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating2out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £23.3m, make it larger than the average company (£16m)

Growth

3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.6%)

EXPORT

M.J. Allen Automotive Ltd's latest turnover from September 2023 is £23.3 million and the company has net assets of £3.3 million. According to their latest financial statements, M.J. Allen Automotive Ltd has 84 employees and maintains cash reserves of £8.3 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	23,262,906	20,007,800	15,996,725	14,818,263	19,736,212	21,243,252	20,514,185	21,142,535	23,134,409	22,862,932	20,678,887	18,457,427	17,656,742	17,150,650	14,840,011
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	20,366,618	19,517,820	13,804,666	13,132,947	16,947,565	17,914,308	17,551,732	17,346,303	18,153,996	18,134,323	16,205,359	14,328,302	13,639,651	12,733,025	11,216,130
Gross Profit	2,896,288	489,980	2,192,059	1,685,316	2,788,647	3,328,944	2,962,453	3,796,232	4,980,413	4,728,609	4,473,528	4,129,125	4,017,091	4,417,625	3,623,881
Admin Expenses	3,468,964	3,302,360	2,138,630	1,882,149	2,571,654	2,442,599	2,479,137	2,547,750	2,842,180	2,647,095	2,543,546	2,228,160	2,186,554	2,013,074	1,994,442
Operating Profit	-572,676	-2,812,380	53,429	-196,833	216,993	886,345	483,316	1,248,482	2,138,233	2,081,514	1,929,982	1,900,965	1,830,537	2,404,551	1,629,439
Interest Payable	248,661	65,655	1,240	1,076	3,004	7,741	31,575	174	3,643	6,301	13,105	13,243	0	0	0
Interest Receivable	15	30	390	945	0	0	1,186	711	0	0	687	0	510	0	0
Pre-Tax Profit	78,678	-1,878,005	52,579	-196,964	213,989	656,713	161,727	295,993	1,884,590	1,793,831	1,917,564	1,887,722	1,831,047	2,404,551	1,629,439
Tax	-83,929	477,038	19,251	46,104	4,818	8,547	172,874	22,882	-213,574	-194,022	-330,561	-326,439	-263,636	-412,872	-172,262
Profit After Tax	-5,251	-1,400,967	71,830	-150,860	218,807	665,260	334,601	318,875	1,671,016	1,599,809	1,587,003	1,561,283	1,567,411	1,991,679	1,457,177
Dividends Paid	750,000	500,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,750,000	1,750,000	1,750,000	1,000,000	1,000,000	1,000,000	1,100,000	900,000
Retained Profit	-755,251	-1,900,967	-928,170	-1,150,860	-781,193	-334,740	-665,399	-1,431,125	-78,984	-150,191	587,003	561,283	567,411	891,679	557,177
Employee Costs	2,415,473	2,284,481	1,722,922	2,026,600	2,252,102	2,328,416	2,306,708	2,810,811	3,117,845	3,098,680	2,983,458	2,965,079	2,994,361	3,024,486	2,667,410
Number Of Employees	84	104	73	87	92	85	92	107	118	115	103	110	120	120	117
EBITDA*	-480,874	-2,729,134	209,575	-13,028	425,169	1,092,057	714,287	1,610,293	2,502,175	2,436,816	2,271,120	2,228,309	1,987,424	2,542,509	1,772,118

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	148,567	233,768	177,765	287,622	451,553	482,990	579,761	756,845	1,027,416	1,313,094	1,334,452	1,451,724	1,477,942	402,966	370,438
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	877	877	877	877	877	877
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	148,567	233,768	177,765	287,622	451,553	482,990	579,761	756,845	1,027,416	1,313,971	1,335,329	1,452,601	1,478,819	403,843	371,315
Stock & work in progress	11,284,291	11,719,035	7,873,599	5,783,341	8,109,050	7,280,148	7,296,622	6,689,889	6,797,094	6,600,533	5,371,823	5,222,392	4,679,025	3,825,625	3,294,805
Trade Debtors	5,084,933	4,334,979	3,486,099	3,134,361	4,148,282	4,631,429	4,567,452	4,833,179	5,147,805	5,225,040	4,926,829	4,669,203	4,683,900	4,569,903	4,365,728
Group Debtors	0	0	0	0	179,309	1,000,000	2,600,000	2,859,078	2,250,573	3,300,000	3,925,594	2,635,343	3,199,003	3,862,481	4,397,625
Misc Debtors	655,272	661,267	191,634	2,043,835	303,197	315,416	321,493	345,643	197,090	239,882	199,506	338,884	254,660	151,849	99,462
Cash	8,337	898,487	43,196	160,312	47,295	154,913	39,400	174,124	43,601	121,996	169,289	165,311	101,234	92,302	146
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	17,032,833	17,613,768	11,594,528	11,121,849	12,787,133	13,381,906	14,824,967	14,901,913	14,436,163	15,487,451	14,593,041	13,031,133	12,917,822	12,502,160	12,157,766
total assets	17,181,400	17,847,536	11,772,293	11,409,471	13,238,686	13,864,896	15,404,728	15,658,758	15,463,579	16,801,422	15,928,370	14,483,734	14,396,641	12,906,003	12,529,081
Bank overdraft	0	0	0	0	0	0	0	0	0	0	1,672,459	899,203	1,970,375	1,337,527	2,353,823
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	1,740,247	1,582,821	1,039,252	441,253	454,620	613,835	637,077	601,841	550,344	1,012,595	837,705	592,362	932,373	782,981	513,561
Group/Directors Accounts	2,932,408	1,371,546	1,128,546	2,555,531	0	0	0	0	0	0	0	0	0	0	0
other short term finances	7,530,388	8,440,579	1,859,959	0	3,335,800	2,229,066	3,968,767	3,547,175	1,837,427	2,270,829	0	0	0	0	0
hp & lease commitments	0	0	18,556	25,030	25,030	0	0	0	0	14,015	165,133	159,638	0	0	0
other current liabilities	1,675,207	2,396,639	1,771,512	1,487,281	1,338,670	2,195,154	1,611,508	1,655,467	1,791,208	2,166,294	1,756,178	1,754,106	1,159,119	1,020,812	794,893
total current liabilities	13,878,250	13,791,585	5,817,825	4,509,095	5,154,120	5,038,055	6,217,352	5,804,483	4,178,979	5,463,733	4,431,475	3,405,309	4,061,867	3,141,320	3,662,277
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	16,688	41,718	0	0	0	0	0	14,015	179,148	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	0	0	0	0	0	0	0	0	0	0	0	0
provisions	17,450	15,000	12,550	13,600	21,900	24,700	50,495	51,995	51,195	25,300	20,300	23,700	20,480	17,800	11,600
total long term liabilities	17,450	15,000	12,550	30,288	63,618	24,700	50,495	51,995	51,195	25,300	34,315	202,848	20,480	17,800	11,600
total liabilities	13,895,700	13,806,585	5,830,375	4,539,383	5,217,738	5,062,755	6,267,847	5,856,478	4,230,174	5,489,033	4,465,790	3,608,157	4,082,347	3,159,120	3,673,877
net assets	3,285,700	4,040,951	5,941,918	6,870,088	8,020,948	8,802,141	9,136,881	9,802,280	11,233,405	11,312,389	11,462,580	10,875,577	10,314,294	9,746,883	8,855,204
total shareholders funds	3,285,700	4,040,951	5,941,918	6,870,088	8,020,948	8,802,141	9,136,881	9,802,280	11,233,405	11,312,389	11,462,580	10,875,577	10,314,294	9,746,883	8,855,204

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-572,676	-2,812,380	53,429	-196,833	216,993	886,345	483,316	1,248,482	2,138,233	2,081,514	1,929,982	1,900,965	1,830,537	2,404,551	1,629,439
Depreciation	91,802	83,246	156,146	183,805	208,176	205,712	230,971	361,811	363,942	355,302	341,138	327,344	156,887	137,958	142,679
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-83,929	477,038	19,251	46,104	4,818	8,547	172,874	22,882	-213,574	-194,022	-330,561	-326,439	-263,636	-412,872	-172,262
Stock	-434,744	3,845,436	2,090,258	-2,325,709	828,902	-16,474	606,733	-107,205	196,561	1,228,710	149,431	543,367	853,400	530,820	3,294,805
Debtors	743,959	1,318,513	-1,500,463	547,408	-1,316,057	-1,542,100	-548,955	442,432	-1,169,454	-287,007	1,408,499	-494,133	-446,670	-278,582	8,862,815
Creditors	157,426	543,569	597,999	-13,367	-159,215	-23,242	35,236	51,497	-462,251	174,890	245,343	-340,011	149,392	269,420	513,561
Accruals and Deferred Income	-721,432	625,127	284,231	148,611	-856,484	583,646	-43,959	-135,741	-375,086	410,116	2,072	594,987	138,307	225,919	794,893
Deferred Taxes & Provisions	2,450	2,450	-1,050	-8,300	-2,800	-25,795	-1,500	800	25,895	5,000	-3,400	3,220	2,680	6,200	11,600
Cash flow from operations	-1,435,574	-6,244,899	520,211	1,938,321	-101,357	3,193,787	819,160	1,214,504	2,450,052	1,891,097	626,644	2,110,832	1,607,437	2,378,938	-9,237,710
Investing Activities
capital expenditure	-6,601	-139,249	-46,289	-19,874	-176,739	-108,941	-53,887	-91,240	-78,264	-333,944	-223,866	-301,126	-1,231,863	-170,486	-513,117
Change in Investments	0	0	0	0	0	0	0	0	-877	0	0	0	0	0	877
cash flow from investments	-6,601	-139,249	-46,289	-19,874	-176,739	-108,941	-53,887	-91,240	-77,387	-333,944	-223,866	-301,126	-1,231,863	-170,486	-513,994
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,560,862	243,000	-1,426,985	2,555,531	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	-910,191	6,580,620	1,859,959	-3,335,800	1,106,734	-1,739,701	421,592	1,709,748	-433,402	2,270,829	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	-18,556	-23,162	-25,030	66,748	0	0	0	-14,015	-165,133	-159,638	338,786	0	0	0
other long term liabilities	0	0	0	0	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	8,298,027
interest	-248,646	-65,625	-850	-131	-3,004	-7,741	-30,389	537	-3,643	-6,301	-12,418	-13,243	510	0	0
cash flow from financing	402,025	6,739,439	408,962	-805,430	1,170,478	-1,747,442	391,203	1,710,285	-451,060	2,099,395	-172,056	325,543	510	0	8,298,027
cash and cash equivalents
cash	-890,150	855,291	-117,116	113,017	-107,618	115,513	-134,724	130,523	-78,395	-47,293	3,978	64,077	8,932	92,156	146
overdraft	0	0	0	0	0	0	0	0	0	-1,672,459	773,256	-1,071,172	632,848	-1,016,296	2,353,823
change in cash	-890,150	855,291	-117,116	113,017	-107,618	115,513	-134,724	130,523	-78,395	1,625,166	-769,278	1,135,249	-623,916	1,108,452	-2,353,677

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 m.j. allen automotive ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in TN24 area or any other competitors across 12 key performance metrics.

M.J. ALLEN AUTOMOTIVE LTD group structure

M.J. Allen Automotive Ltd has no subsidiary companies.

Ultimate parent company

M.J. ALLEN AUTOMOTIVE LTD

01861858

M.J. ALLEN AUTOMOTIVE LTD Shareholders

m j allen holdings ltd	50%
michael john allen & unallocated	50%

M.J. Allen Automotive Ltd currently has 6 directors. The longest serving directors include Mr Michael Allen (Feb 1985) and Mr Ben Allen (Feb 2019).

officer	country	age	start	end	role
Mr Michael Allen	England	87 years	Feb 1985	-	Director
Mr Ben Allen	England	33 years	Feb 2019	-	Director
Mr Clive Croucher		52 years	Sep 2021	-	Director
Mr Wayne Hodgkisson		51 years	Oct 2021	-	Director
Mr Julian Rose	England	63 years	Dec 2023	-	Director
Mr Michael Allen		36 years	Feb 2024	-	Director

P&L

September 2023

turnover

23.3m

+16%

operating profit

-572.7k

-80%

gross margin

12.5%

+408.39%

turnover

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

Balance Sheet

September 2023

net assets

3.3m

-0.19%

total assets

17.2m

-0.04%

cash

8.3k

-0.99%

net assets

Total assets minus all liabilities

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company number

01861858

Type

Private limited with Share Capital

industry

45310 - Wholesale trade of motor vehicle parts and accessories

incorporation date

November 1984

ultimate parent company

None

previous names

m j allen national autoparts limited (February 2022)

refal 119 limited (April 1985)

address

javelin house, henwood industrial estate, ashford, kent, TN24 8DE

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 11 charges/mortgages relating to m.j. allen automotive ltd. Currently there are 6 open charges and 5 have been satisfied in the past.

m.j. allen automotive ltd Company Information

m.j. allen automotive ltd Estimated Valuation

m.j. allen automotive ltd Estimated Valuation

m.j. allen automotive ltd Estimated Valuation

M.j. Allen Automotive Ltd Overview

M.j. Allen Automotive Ltd Health Check

M.J. ALLEN AUTOMOTIVE LTD financials

m.j. allen automotive ltd Credit Report and Business Information

M.j. Allen Automotive Ltd Competitor Analysis

m.j. allen automotive ltd Ownership

m.j. allen automotive ltd directors

m.j. allen automotive ltd company details

m.j. allen automotive ltd Charges & Mortgages

m.j. allen automotive ltd Companies House Filings - See Documents