rowes garage limited
rowes garage limited Company Information
Company Number
01911191
Website
www.roweshonda.co.ukRegistered Address
vertu house, fifth avenue business park, gateshead, tyne and wear, NE11 0XA
Industry
Maintenance and repair of motor vehicles
Sale of new cars and light motor vehicles
Telephone
01752642371
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
maurice kenneth rowe 71.8%
andrew james baker 11.3%
View Allrowes garage limited Estimated Valuation
Pomanda estimates the enterprise value of ROWES GARAGE LIMITED at £9.1m based on a Turnover of £30.2m and 0.3x industry multiple (adjusted for size and gross margin).
rowes garage limited Estimated Valuation
Pomanda estimates the enterprise value of ROWES GARAGE LIMITED at £3.7m based on an EBITDA of £849.2k and a 4.38x industry multiple (adjusted for size and gross margin).
rowes garage limited Estimated Valuation
Pomanda estimates the enterprise value of ROWES GARAGE LIMITED at £22.4m based on Net Assets of £8m and 2.78x industry multiple (adjusted for liquidity).
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Rowes Garage Limited Overview
Rowes Garage Limited is a live company located in gateshead, NE11 0XA with a Companies House number of 01911191. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in May 1985, it's largest shareholder is maurice kenneth rowe with a 71.8% stake. Rowes Garage Limited is a mature, large sized company, Pomanda has estimated its turnover at £30.2m with declining growth in recent years.
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Rowes Garage Limited Health Check
Pomanda's financial health check has awarded Rowes Garage Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £30.2m, make it larger than the average company (£19.9m)
£30.2m - Rowes Garage Limited
£19.9m - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (4.5%)
-1% - Rowes Garage Limited
4.5% - Industry AVG
Production
with a gross margin of 10.1%, this company has a higher cost of product (18.6%)
10.1% - Rowes Garage Limited
18.6% - Industry AVG
Profitability
an operating margin of 2.5% make it less profitable than the average company (3.7%)
2.5% - Rowes Garage Limited
3.7% - Industry AVG
Employees
with 106 employees, this is above the industry average (36)
106 - Rowes Garage Limited
36 - Industry AVG
Pay Structure
on an average salary of £32.4k, the company has an equivalent pay structure (£32.1k)
£32.4k - Rowes Garage Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £284.6k, this is less efficient (£396.6k)
£284.6k - Rowes Garage Limited
£396.6k - Industry AVG
Debtor Days
it gets paid by customers after 6 days, this is earlier than average (18 days)
6 days - Rowes Garage Limited
18 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (28 days)
16 days - Rowes Garage Limited
28 days - Industry AVG
Stock Days
it holds stock equivalent to 58 days, this is more than average (47 days)
58 days - Rowes Garage Limited
47 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 65 weeks, this is more cash available to meet short term requirements (9 weeks)
65 weeks - Rowes Garage Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 20%, this is a lower level of debt than the average (68%)
20% - Rowes Garage Limited
68% - Industry AVG
rowes garage limited Credit Report and Business Information
Rowes Garage Limited Competitor Analysis
Perform a competitor analysis for rowes garage limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
rowes garage limited Ownership
ROWES GARAGE LIMITED group structure
Rowes Garage Limited has no subsidiary companies.
Ultimate parent company
ROWES GARAGE LIMITED
01911191
rowes garage limited directors
Rowes Garage Limited currently has 4 directors. The longest serving directors include Mr William Donald (Apr 2022) and Ms Karen Anderson (Nov 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr William Donald | 72 years | Apr 2022 | - | Director | |
| Ms Karen Anderson | United Kingdom | 52 years | Nov 2023 | - | Director |
| Mr Robert Forrester | United Kingdom | 54 years | Nov 2023 | - | Director |
| Mr David Crane | United Kingdom | 56 years | Nov 2023 | - | Director |
ROWES GARAGE LIMITED financials
Rowes Garage Limited's latest turnover from December 2022 is £30.2 million and the company has net assets of £8 million. According to their latest financial statements, Rowes Garage Limited has 106 employees and maintains cash reserves of £2.5 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 30,167,619 | 29,188,147 | 25,214,365 | 31,493,251 | 33,594,575 | 35,483,295 | 34,997,390 | 29,568,950 | 29,966,626 | 24,946,408 | 23,443,665 | 21,441,531 | 22,919,654 | 24,630,070 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 27,126,542 | 25,821,354 | 22,852,782 | 28,409,562 | 30,305,702 | 31,980,234 | 31,519,634 | 26,473,879 | 27,033,132 | 22,361,393 | 21,081,811 | 19,344,636 | 20,879,441 | 22,217,651 |
| Gross Profit | 3,041,077 | 3,366,793 | 2,361,583 | 3,083,689 | 3,288,873 | 3,503,061 | 3,477,756 | 3,095,071 | 2,933,494 | 2,585,015 | 2,361,854 | 2,096,895 | 2,040,213 | 2,412,419 |
| Admin Expenses | 2,296,282 | 2,132,832 | 1,359,417 | 2,429,683 | 2,478,939 | 2,576,921 | 2,496,661 | 2,350,596 | 2,318,918 | 1,996,727 | 1,994,219 | 1,875,425 | 1,764,448 | 1,824,886 |
| Operating Profit | 744,795 | 1,233,961 | 1,002,166 | 654,006 | 809,934 | 926,140 | 981,095 | 744,475 | 614,576 | 588,288 | 367,635 | 221,470 | 275,765 | 587,533 |
| Interest Payable | 8,763 | 8,643 | 10,716 | 14,404 | 11,711 | 15,178 | 15,935 | 18,891 | 16,875 | 5,654 | 8,453 | 13,276 | 24,187 | 29,416 |
| Interest Receivable | 32,503 | 0 | 3,342 | 7,452 | 5,643 | 495 | 2,156 | 1,831 | 737 | 1,379 | 1,122 | 1,193 | 985 | 1,445 |
| Pre-Tax Profit | 768,535 | 1,225,318 | 994,792 | 647,054 | 803,866 | 911,457 | 967,316 | 727,415 | 598,438 | 584,013 | 360,304 | 209,387 | 252,563 | 559,562 |
| Tax | -148,175 | -249,153 | -196,642 | -133,171 | -157,201 | -178,512 | -198,301 | -151,579 | -130,584 | -126,549 | -81,341 | -37,495 | -50,218 | -161,243 |
| Profit After Tax | 620,360 | 976,165 | 798,150 | 513,883 | 646,665 | 732,945 | 769,015 | 575,836 | 467,854 | 457,464 | 278,963 | 171,892 | 202,345 | 398,319 |
| Dividends Paid | 228,744 | 228,774 | 152,516 | 154,490 | 156,464 | 156,464 | 156,464 | 78,232 | 39,116 | 97,790 | 78,232 | 76,616 | 37,500 | 37,500 |
| Retained Profit | 391,616 | 747,391 | 645,634 | 359,393 | 490,201 | 576,481 | 612,551 | 497,604 | 428,738 | 359,674 | 200,731 | 95,276 | 164,845 | 360,819 |
| Employee Costs | 3,436,022 | 3,510,782 | 3,640,390 | 3,745,618 | 3,677,138 | 3,661,590 | 3,457,571 | 3,170,441 | 3,026,122 | 2,764,798 | 2,793,829 | 2,601,682 | 2,771,792 | 2,770,885 |
| Number Of Employees | 106 | 108 | 120 | 124 | 122 | 119 | 115 | 107 | 104 | 98 | 98 | 100 | 88 | 90 |
| EBITDA* | 849,173 | 1,366,590 | 1,120,987 | 770,473 | 909,261 | 1,025,341 | 1,068,554 | 831,379 | 694,357 | 642,668 | 434,100 | 296,537 | 390,550 | 704,656 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 2,556,660 | 2,625,244 | 2,715,663 | 2,770,185 | 2,845,236 | 2,250,833 | 2,311,064 | 2,287,029 | 2,277,606 | 2,299,812 | 1,670,877 | 1,670,878 | 1,701,381 | 1,789,618 |
| 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 | 2,556,660 | 2,625,244 | 2,715,663 | 2,770,185 | 2,845,236 | 2,250,833 | 2,311,064 | 2,287,029 | 2,277,606 | 2,299,812 | 1,670,877 | 1,670,878 | 1,701,381 | 1,789,618 |
| Stock & work in progress | 4,314,025 | 4,201,014 | 3,359,590 | 3,684,058 | 3,575,565 | 3,672,058 | 3,248,945 | 2,969,403 | 2,714,055 | 3,177,818 | 3,189,497 | 2,503,211 | 2,617,792 | 3,025,615 |
| Trade Debtors | 527,596 | 312,975 | 363,575 | 400,437 | 359,683 | 659,729 | 480,421 | 468,757 | 541,409 | 398,018 | 309,312 | 187,441 | 170,941 | 354,886 |
| Group Debtors | 0 | 0 | 43,311 | 42,919 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 175,543 | 97,235 | 111,058 | 85,494 | 123,944 | 96,975 | 105,990 | 68,112 | 85,328 | 70,646 | 45,256 | 40,216 | 25,352 | 22,382 |
| Cash | 2,483,845 | 2,051,259 | 2,602,310 | 1,637,922 | 1,345,943 | 1,374,280 | 2,046,883 | 1,187,974 | 928,422 | 507,232 | 606,785 | 575,403 | 694,659 | 711,944 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 7,501,009 | 6,662,483 | 6,479,844 | 5,850,830 | 5,405,135 | 5,803,042 | 5,882,239 | 4,694,246 | 4,269,214 | 4,153,714 | 4,150,850 | 3,306,271 | 3,508,744 | 4,114,827 |
| total assets | 10,057,669 | 9,287,727 | 9,195,507 | 8,621,015 | 8,250,371 | 8,053,875 | 8,193,303 | 6,981,275 | 6,546,820 | 6,453,526 | 5,821,727 | 4,977,149 | 5,210,125 | 5,904,445 |
| Bank overdraft | 0 | 0 | 0 | 63,412 | 63,381 | 51,917 | 47,169 | 50,495 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 49,622 | 48,784 | 52,159 | 49,476 | 46,191 | 45,304 |
| Trade Creditors | 1,242,452 | 663,793 | 1,068,918 | 1,596,845 | 1,379,223 | 1,392,591 | 2,148,672 | 1,443,792 | 1,653,639 | 1,937,373 | 1,985,752 | 1,270,866 | 1,295,235 | 1,803,470 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59,000 |
| 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 | 3,413 | 12,231 |
| other current liabilities | 743,963 | 934,266 | 1,185,312 | 663,115 | 676,115 | 897,684 | 798,845 | 863,280 | 675,946 | 676,874 | 573,115 | 494,571 | 592,852 | 812,881 |
| total current liabilities | 1,986,415 | 1,598,059 | 2,254,230 | 2,323,372 | 2,118,719 | 2,342,192 | 2,994,686 | 2,357,567 | 2,379,207 | 2,663,031 | 2,611,026 | 1,814,913 | 1,937,691 | 2,732,886 |
| loans | 0 | 0 | 0 | 0 | 64,402 | 134,634 | 191,049 | 238,691 | 289,200 | 338,820 | 136,700 | 288,966 | 488,440 | 536,237 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3,413 |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 27,000 | 37,000 | 36,000 | 38,000 | 42,000 | 42,000 | 49,000 | 39,000 | 30,000 | 32,000 | 14,000 | 14,000 | 20,000 | 32,760 |
| total long term liabilities | 27,000 | 37,000 | 36,000 | 38,000 | 106,402 | 176,634 | 240,049 | 277,691 | 319,200 | 370,820 | 150,700 | 302,966 | 508,440 | 572,410 |
| total liabilities | 2,013,415 | 1,635,059 | 2,290,230 | 2,361,372 | 2,225,121 | 2,518,826 | 3,234,735 | 2,635,258 | 2,698,407 | 3,033,851 | 2,761,726 | 2,117,879 | 2,446,131 | 3,305,296 |
| net assets | 8,044,254 | 7,652,668 | 6,905,277 | 6,259,643 | 6,025,250 | 5,535,049 | 4,958,568 | 4,346,017 | 3,848,413 | 3,419,675 | 3,060,001 | 2,859,270 | 2,763,994 | 2,599,149 |
| total shareholders funds | 8,044,254 | 7,652,668 | 6,905,277 | 6,259,643 | 6,025,250 | 5,535,049 | 4,958,568 | 4,346,017 | 3,848,413 | 3,419,675 | 3,060,001 | 2,859,270 | 2,763,994 | 2,599,149 |
| 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 | 744,795 | 1,233,961 | 1,002,166 | 654,006 | 809,934 | 926,140 | 981,095 | 744,475 | 614,576 | 588,288 | 367,635 | 221,470 | 275,765 | 587,533 |
| Depreciation | 104,378 | 132,629 | 118,821 | 116,467 | 99,327 | 99,201 | 87,459 | 86,904 | 79,781 | 54,380 | 66,465 | 75,067 | 114,785 | 117,123 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -148,175 | -249,153 | -196,642 | -133,171 | -157,201 | -178,512 | -198,301 | -151,579 | -130,584 | -126,549 | -81,341 | -37,495 | -50,218 | -161,243 |
| Stock | 113,011 | 841,424 | -324,468 | 108,493 | -96,493 | 423,113 | 279,542 | 255,348 | -463,763 | -11,679 | 686,286 | -114,581 | -407,823 | 3,025,615 |
| Debtors | 292,929 | -107,734 | -10,906 | 45,223 | -273,077 | 170,293 | 49,542 | -89,868 | 158,073 | 114,096 | 126,911 | 31,364 | -180,975 | 377,268 |
| Creditors | 578,659 | -405,125 | -527,927 | 217,622 | -13,368 | -756,081 | 704,880 | -209,847 | -283,734 | -48,379 | 714,886 | -24,369 | -508,235 | 1,803,470 |
| Accruals and Deferred Income | -190,303 | -251,046 | 522,197 | -13,000 | -221,569 | 98,839 | -64,435 | 187,334 | -928 | 103,759 | 78,544 | -98,281 | -220,029 | 812,881 |
| Deferred Taxes & Provisions | -10,000 | 1,000 | -2,000 | -4,000 | 0 | -7,000 | 10,000 | 9,000 | -2,000 | 18,000 | 0 | -6,000 | -12,760 | 32,760 |
| Cash flow from operations | 673,414 | -271,424 | 1,251,989 | 684,208 | 886,693 | -410,819 | 1,191,614 | 500,807 | 582,801 | 487,082 | 332,992 | 213,609 | 188,106 | -210,359 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -38,970 | -112,175 | -96,327 | 0 | -683,315 | -66,464 | -34,750 | -34,988 | -38,238 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | 0 | 0 | 0 | 0 | 0 | -38,970 | -112,175 | -96,327 | 0 | -683,315 | -66,464 | -34,750 | -34,988 | -38,238 |
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -49,622 | 838 | -3,375 | 2,683 | 3,285 | 887 | 45,304 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -59,000 | 59,000 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | -64,402 | -70,232 | -56,415 | -47,642 | -50,509 | -49,620 | 202,120 | -152,266 | -199,474 | -47,797 | 536,237 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3,413 | -12,231 | 15,644 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 23,740 | -8,643 | -7,374 | -6,952 | -6,068 | -14,683 | -13,779 | -17,060 | -16,138 | -4,275 | -7,331 | -12,083 | -23,202 | -27,971 |
| cash flow from financing | 23,710 | -8,643 | -7,374 | -196,354 | -76,300 | -71,098 | -61,421 | -117,191 | -64,920 | 194,470 | -156,914 | -211,685 | -141,343 | 2,866,544 |
| cash and cash equivalents | ||||||||||||||
| cash | 432,586 | -551,051 | 964,388 | 291,979 | -28,337 | -672,603 | 858,909 | 259,552 | 421,190 | -99,553 | 31,382 | -119,256 | -17,285 | 711,944 |
| overdraft | 0 | 0 | -63,412 | 31 | 11,464 | 4,748 | -3,326 | 50,495 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 432,586 | -551,051 | 1,027,800 | 291,948 | -39,801 | -677,351 | 862,235 | 209,057 | 421,190 | -99,553 | 31,382 | -119,256 | -17,285 | 711,944 |
P&L
December 2022turnover
30.2m
+3%
operating profit
744.8k
-40%
gross margin
10.1%
-12.61%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
8m
+0.05%
total assets
10.1m
+0.08%
cash
2.5m
+0.21%
net assets
Total assets minus all liabilities
Similar Companies
rowes garage limited company details
company number
01911191
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
45111 - Sale of new cars and light motor vehicles
incorporation date
May 1985
age
39
accounts
Full Accounts
ultimate parent company
previous names
rowe's garage limited (February 2014)
incorporated
UK
address
vertu house, fifth avenue business park, gateshead, tyne and wear, NE11 0XA
last accounts submitted
December 2022
rowes garage 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 13 charges/mortgages relating to rowes garage limited. Currently there are 1 open charges and 12 have been satisfied in the past.
rowes garage limited Companies House Filings - See Documents
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