mclaren automotive limited

1.5

mclaren automotive limited Company Information

Share MCLAREN AUTOMOTIVE LIMITED
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MatureMegaDeclining

Company Number

01967717

Registered Address

mclaren technology centre, chertsey road, woking, surrey, GU21 4YH

Industry

Sale of new cars and light motor vehicles

 

Manufacture of motor vehicles

 

Telephone

01483261400

Next Accounts Due

September 2024

Group Structure

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Directors

Timothy Murnane2 Years

Michael Leiters2 Years

View All

Shareholders

mclaren holdings limited 100%

mclaren automotive limited Estimated Valuation

£15.7m

Pomanda estimates the enterprise value of MCLAREN AUTOMOTIVE LIMITED at £15.7m based on a Turnover of £558.9m and 0.03x industry multiple (adjusted for size and gross margin).

mclaren automotive limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MCLAREN AUTOMOTIVE LIMITED at £0 based on an EBITDA of £-97.8m and a 0.31x industry multiple (adjusted for size and gross margin).

mclaren automotive limited Estimated Valuation

£0

Pomanda estimates the enterprise value of MCLAREN AUTOMOTIVE LIMITED at £0 based on Net Assets of £-281.5m and 0.59x industry multiple (adjusted for liquidity).

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Mclaren Automotive Limited Overview

Mclaren Automotive Limited is a live company located in woking, GU21 4YH with a Companies House number of 01967717. It operates in the manufacture of motor vehicles sector, SIC Code 29100. Founded in December 1985, it's largest shareholder is mclaren holdings limited with a 100% stake. Mclaren Automotive Limited is a mature, mega sized company, Pomanda has estimated its turnover at £558.9m with declining growth in recent years.

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Mclaren Automotive Limited Health Check

Pomanda's financial health check has awarded Mclaren Automotive Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 7 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating1.5out of 5
positive_score

2 Strong

positive_score

3 Regular

positive_score

7 Weak

size

Size

annual sales of £558.9m, make it larger than the average company (£54.9m)

£558.9m - Mclaren Automotive Limited

£54.9m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -20%, show it is growing at a slower rate (2.4%)

-20% - Mclaren Automotive Limited

2.4% - Industry AVG

production

Production

with a gross margin of -15.3%, this company has a higher cost of product (14.1%)

-15.3% - Mclaren Automotive Limited

14.1% - Industry AVG

profitability

Profitability

an operating margin of -43.9% make it less profitable than the average company (2.4%)

-43.9% - Mclaren Automotive Limited

2.4% - Industry AVG

employees

Employees

with 2334 employees, this is above the industry average (281)

2334 - Mclaren Automotive Limited

281 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.3k, the company has an equivalent pay structure (£42.6k)

£37.3k - Mclaren Automotive Limited

£42.6k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £239.4k, this is less efficient (£423.3k)

£239.4k - Mclaren Automotive Limited

£423.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 15 days, this is near the average (18 days)

15 days - Mclaren Automotive Limited

18 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 27 days, this is quicker than average (36 days)

27 days - Mclaren Automotive Limited

36 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 79 days, this is in line with average (72 days)

79 days - Mclaren Automotive Limited

72 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (5 weeks)

0 weeks - Mclaren Automotive Limited

5 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 122.8%, this is a higher level of debt than the average (74.5%)

122.8% - Mclaren Automotive Limited

74.5% - Industry AVG

MCLAREN AUTOMOTIVE LIMITED financials

EXPORTms excel logo

Mclaren Automotive Limited's latest turnover from December 2022 is £558.9 million and the company has net assets of -£281.5 million. According to their latest financial statements, Mclaren Automotive Limited has 2,334 employees and maintains cash reserves of £10.4 million as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover558,875,000504,482,000518,476,0001,098,758,000928,309,000526,916,000649,787,000450,627,000475,516,000285,426,000266,602,00068,850,0006,419,00082,225,000
Other Income Or Grants00000000000000
Cost Of Sales644,135,000508,959,000619,159,000862,366,000745,345,000437,971,000373,949,000232,424,000258,964,000151,300,000184,153,00058,017,0004,236,00064,250,000
Gross Profit-85,260,000-4,477,000-100,683,000236,392,000182,964,00088,945,000275,838,000218,203,000216,552,000134,126,00082,449,00010,833,0002,183,00017,975,000
Admin Expenses160,134,000145,437,000122,202,000145,264,000115,816,000122,097,000210,071,000194,656,000195,796,000121,751,00093,311,00069,945,00041,964,00038,877,000
Operating Profit-245,394,000-149,914,000-222,885,00091,128,00067,148,000-33,152,00065,767,00023,547,00020,756,00012,375,000-10,862,000-59,112,000-39,781,000-20,902,000
Interest Payable81,987,00054,136,00036,311,00015,707,00011,036,00010,101,00056,585,00018,202,00024,767,0005,383,00011,568,00010,662,0007,747,0001,264,000
Interest Receivable625,000723,000426,000453,000519,000300,0009,0005,00012,00016,0000812,00000
Pre-Tax Profit-326,756,000-203,327,000-258,770,00075,874,00056,631,000-42,953,0009,191,0005,350,000-3,999,0004,500,000-14,803,000-68,962,000-42,899,000-20,815,000
Tax-22,265,00067,939,00051,358,000-15,597,000-10,408,000390,000-1,891,000-2,569,000-2,877,000-8,170,0002,326,00015,093,00013,798,00020,438,000
Profit After Tax-349,021,000-135,388,000-207,412,00060,277,00046,223,000-42,563,0007,300,0002,781,000-6,876,000-3,670,000-12,477,000-53,869,000-29,101,000-377,000
Dividends Paid00000000000000
Retained Profit-349,021,000-135,388,000-207,412,00060,277,00046,223,000-42,563,0007,300,0002,781,000-6,876,000-3,670,000-12,477,000-53,869,000-29,101,000-377,000
Employee Costs87,157,00094,058,000139,103,000154,287,000109,349,00073,911,00077,289,00068,679,00054,472,00040,367,00037,892,00029,832,00021,753,00018,971,000
Number Of Employees2,3342,2002,6412,8172,1381,6991,6061,4921,2831,027992792473458
EBITDA*-97,809,00010,135,000-12,080,000245,042,000204,811,00050,042,000141,974,00099,423,000114,180,00039,925,0007,013,000-52,861,000-37,831,000-15,253,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets40,016,00042,506,00084,525,00078,252,00075,856,00062,955,00066,022,00068,099,00070,048,00069,759,00068,815,00018,725,00012,771,0005,587,000
Intangible Assets825,174,000814,400,000817,634,000811,909,000670,460,000559,215,000457,103,000404,759,000337,415,000316,987,000265,214,000212,171,000151,276,00060,923,000
Investments & Other1,0001,0001,0001,0001,0001,00000000000
Debtors (Due After 1 year)00000000000000
Total Fixed Assets865,191,000856,907,000902,160,000890,162,000746,317,000622,171,000523,125,000472,858,000407,463,000386,746,000334,029,000230,896,000164,047,00066,510,000
Stock & work in progress141,048,000181,034,000101,231,00093,947,00096,783,00070,178,00037,780,00039,308,00026,388,00021,149,00022,030,00028,529,0002,751,000996,000
Trade Debtors23,650,00030,312,00090,504,000113,983,00068,469,00038,335,00059,741,00030,670,00045,361,00027,775,00012,285,0006,414,0001,702,00013,976,000
Group Debtors18,663,00015,433,00015,467,00010,211,0006,588,00015,767,000016,000575,0001,162,0001,042,0001,004,000151,0002,394,000
Misc Debtors178,486,000221,501,000173,210,000120,058,00095,670,00084,743,00077,915,000109,810,00061,516,00059,028,00058,064,00058,561,00037,571,00021,336,000
Cash10,415,0005,058,0001,141,00024,899,00065,896,00089,057,00025,751,00018,954,00010,189,0007,158,00024,538,0005,817,000446,000942,000
misc current assets00000000000000
total current assets372,262,000453,338,000381,553,000363,098,000333,406,000298,080,000201,187,000198,758,000144,029,000116,272,000117,959,000100,325,00042,621,00039,644,000
total assets1,237,453,0001,310,245,0001,283,713,0001,253,260,0001,079,723,000920,251,000724,312,000671,616,000551,492,000503,018,000451,988,000331,221,000206,668,000106,154,000
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 48,577,00076,010,00060,292,00095,138,00056,708,00053,056,00046,814,00037,674,00034,144,00032,007,00018,255,00030,303,0006,439,00012,645,000
Group/Directors Accounts1,198,255,000939,071,000752,366,000329,602,000297,265,000298,244,0003,421,0003,826,00018,720,00017,715,00028,231,00022,713,000138,368,00027,685,000
other short term finances15,989,00013,443,0002,784,0008,562,0000000000000
hp & lease commitments7,0007,0007,0007,00015,00046,00000000000
other current liabilities216,480,000174,153,000200,017,000363,223,000368,268,000234,365,000176,407,000153,558,00092,319,00088,688,00053,909,00035,780,00044,082,00018,944,000
total current liabilities1,479,308,0001,202,684,0001,015,466,000796,532,000722,256,000585,711,000226,642,000195,058,000145,183,000138,410,000100,395,00088,796,000188,889,00059,274,000
loans1,195,00010,860,0009,159,0009,509,0007,500,0007,500,000143,000,000127,500,000178,697,000141,863,000328,803,000211,519,00085,000,00085,000,000
hp & lease commitments000009,00000000000
Accruals and Deferred Income00000000000000
other liabilities00004,886,000000000000
provisions38,478,00025,015,00033,499,00024,189,0007,114,0008,213,0007,583,00013,901,0009,687,0006,076,0006,689,0001,996,00000
total long term liabilities39,673,00035,875,00042,658,00033,698,00019,500,00015,722,000150,583,000141,401,000188,384,000147,939,000335,492,000213,515,00085,000,00085,000,000
total liabilities1,518,981,0001,238,559,0001,058,124,000830,230,000741,756,000601,433,000377,225,000336,459,000333,567,000286,349,000435,887,000302,311,000273,889,000144,274,000
net assets-281,528,00071,686,000225,589,000423,030,000337,967,000318,818,000347,087,000335,157,000217,925,000216,669,00016,101,00028,910,000-67,221,000-38,120,000
total shareholders funds-281,528,00071,686,000225,589,000423,030,000337,967,000318,818,000347,087,000335,157,000217,925,000216,669,00016,101,00028,910,000-67,221,000-38,120,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit-245,394,000-149,914,000-222,885,00091,128,00067,148,000-33,152,00065,767,00023,547,00020,756,00012,375,000-10,862,000-59,112,000-39,781,000-20,902,000
Depreciation4,473,0005,069,0005,752,0004,944,0003,812,0003,963,0004,070,0004,599,0004,832,0005,088,0004,874,0003,129,0001,950,0005,649,000
Amortisation143,112,000154,980,000205,053,000148,970,000133,851,00079,231,00072,137,00071,277,00088,592,00022,462,00013,001,0003,122,00000
Tax-22,265,00067,939,00051,358,000-15,597,000-10,408,000390,000-1,891,000-2,569,000-2,877,000-8,170,0002,326,00015,093,00013,798,00020,438,000
Stock-39,986,00079,803,0007,284,000-2,836,00026,605,00032,398,000-1,528,00012,920,0005,239,000-881,000-6,499,00025,778,0001,755,000996,000
Debtors-46,447,000-11,935,00034,929,00073,525,00031,882,0001,189,000-2,840,00033,044,00019,487,00016,574,0005,412,00026,555,0001,718,00037,706,000
Creditors-27,433,00015,718,000-34,846,00038,430,0003,652,0006,242,0009,140,0003,530,0002,137,00013,752,000-12,048,00023,864,000-6,206,00012,645,000
Accruals and Deferred Income42,327,000-25,864,000-163,206,000-5,045,000133,903,00057,958,00022,849,00061,239,0003,631,00034,779,00018,129,000-8,302,00025,138,00018,944,000
Deferred Taxes & Provisions13,463,000-8,484,0009,310,00017,075,000-1,099,000630,000-6,318,0004,214,0003,611,000-613,0004,693,0001,996,00000
Cash flow from operations-5,284,000-8,424,000-191,677,000209,216,000272,372,00081,675,000170,122,000119,873,00095,956,00063,980,00021,200,000-72,543,000-8,574,000-1,928,000
Investing Activities
capital expenditure-155,869,000-114,796,000-222,803,000-297,759,000-261,809,000-182,239,00000-115,014,000-80,274,000-121,010,000-73,118,000-99,487,000-62,331,000
Change in Investments000001,00000000000
cash flow from investments-155,869,000-114,796,000-222,803,000-297,759,000-261,809,000-182,240,00000-115,014,000-80,274,000-121,010,000-73,118,000-99,487,000-62,331,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts259,184,000186,705,000422,764,00032,337,000-979,000294,823,000-405,000-14,894,0001,005,000-10,516,0005,518,000-115,655,000110,683,00027,685,000
Other Short Term Loans 2,546,00010,659,000-5,778,0008,562,0000000000000
Long term loans-9,665,0001,701,000-350,0002,009,0000-135,500,00015,500,000-51,197,00036,834,000-186,940,000117,284,000126,519,000085,000,000
Hire Purchase and Lease Commitments000-8,000-40,00055,00000000000
other long term liabilities000-4,886,0004,886,000000000000
share issue-4,193,000-18,515,0009,971,00024,786,000-27,074,00014,294,0004,630,000114,451,0008,132,000204,238,000-332,000150,000,0000-37,743,000
interest-81,362,000-53,413,000-35,885,000-15,254,000-10,517,000-9,801,000-56,576,000-18,197,000-24,755,000-5,367,000-11,568,000-9,850,000-7,747,000-1,264,000
cash flow from financing166,510,000127,137,000390,722,00047,546,000-33,724,000163,871,000-36,851,00030,163,00021,216,0001,415,000110,902,000151,014,000102,936,00073,678,000
cash and cash equivalents
cash5,357,0003,917,000-23,758,000-40,997,000-23,161,00063,306,0006,797,0008,765,0003,031,000-17,380,00018,721,0005,371,000-496,000942,000
overdraft00000000000000
change in cash5,357,0003,917,000-23,758,000-40,997,000-23,161,00063,306,0006,797,0008,765,0003,031,000-17,380,00018,721,0005,371,000-496,000942,000

mclaren automotive limited Credit Report and Business Information

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Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Mclaren Automotive Limited Competitor Analysis

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Perform a competitor analysis for mclaren automotive limited by selecting its closest rivals, whether from the MANUFACTURING sector, other mega companies, companies in GU21 area or any other competitors across 12 key performance metrics.

mclaren automotive limited Ownership

MCLAREN AUTOMOTIVE LIMITED group structure

Mclaren Automotive Limited has 1 subsidiary company.

Ultimate parent company

BAHRAIN MUMTALAKAT HOLDING COMPANY

#0102874

2 parents

MCLAREN AUTOMOTIVE LIMITED

01967717

1 subsidiary

MCLAREN AUTOMOTIVE LIMITED Shareholders

mclaren holdings limited 100%

mclaren automotive limited directors

Mclaren Automotive Limited currently has 4 directors. The longest serving directors include Mr Timothy Murnane (Apr 2022) and Dr Michael Leiters (Jul 2022).

officercountryagestartendrole
Mr Timothy Murnane63 years Apr 2022- Director
Dr Michael LeitersUnited Kingdom53 years Jul 2022- Director
Dr Michael LeitersUnited Kingdom53 years Jul 2022- Director
Mrs Anneliese ThomasUnited Kingdom47 years May 2023- Director

P&L

December 2022

turnover

558.9m

+11%

operating profit

-245.4m

+64%

gross margin

-15.2%

+1619.05%

turnover

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

Balance Sheet

December 2022

net assets

-281.5m

-4.93%

total assets

1.2b

-0.06%

cash

10.4m

+1.06%

net assets

Total assets minus all liabilities

mclaren automotive limited company details

company number

01967717

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

29100 - Manufacture of motor vehicles

incorporation date

December 1985

age

39

incorporated

UK

accounts

Full Accounts

ultimate parent company

BAHRAIN MUMTALAKAT HOLDING COMPANY

previous names

mclaren cars limited (September 2005)

tag mclaren research & development limited (June 1989)

last accounts submitted

December 2022

address

mclaren technology centre, chertsey road, woking, surrey, GU21 4YH

accountant

-

auditor

PRICEWATERHOUSECOOPERS LLP

mclaren automotive 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 17 charges/mortgages relating to mclaren automotive limited. Currently there are 4 open charges and 13 have been satisfied in the past.

charges

mclaren automotive limited Companies House Filings - See Documents

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