Commercial Associates Limited

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commercial associates limited Company Information

Live

MatureMidRapid

Company Number

02082134

Website

http://cacars.co.uk

Registered Address

welford road kilby bridge, leicester, leicestershire, LE18 3TE

Industry

Renting and leasing of cars and light motor vehicles

Sale of new cars and light motor vehicles

Telephone

01162849067

Next Accounts Due

February 2025

Group Structure

View All

Directors

Karen Laundon9 Years

Deborah Billings Wakerley9 Years

Shareholders

karen margaret laundon 80%

deborah billings wakerley 20%

commercial associates limited Estimated Valuation

£22.6m

Pomanda estimates the enterprise value of COMMERCIAL ASSOCIATES LIMITED at £22.6m based on Net Assets of £9m and 2.52x industry multiple (adjusted for liquidity).

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Commercial Associates Limited is a live company located in leicestershire, LE18 3TE with a Companies House number of 02082134. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in December 1986, it's largest shareholder is karen margaret laundon with a 80% stake. Commercial Associates Limited is a mature, mid sized company, Pomanda has estimated its turnover at £13.3m with rapid growth in recent years.

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Pomanda's financial health check has awarded Commercial Associates Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

1 Regular

5 Weak

Size

annual sales of £13.3m, make it smaller than the average company (£30.7m)

Growth

3 year (CAGR) sales growth of 47%, show it is growing at a faster rate (4.8%)

EXPORT

Commercial Associates Limited's latest turnover from May 2023 is £13.3 million and the company has net assets of £9 million. According to their latest financial statements, Commercial Associates Limited has 23 employees and maintains cash reserves of £6 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	13,334,296	10,613,158	5,408,676	4,226,723	5,112,947	4,805,320	4,226,584	3,564,756	14,922,364	8,855,386	6,798,311	8,005,788	3,004,209	1,900,968
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	11,294,386	8,986,264	4,478,123	3,498,176	4,118,845	3,831,935	3,377,091	2,848,076	12,038,660	7,062,752	5,375,688	6,335,135	2,369,721	1,489,827
Gross Profit	2,039,910	1,626,894	930,553	728,547	994,103	973,384	849,493	716,680	2,883,704	1,792,634	1,422,623	1,670,654	634,488	411,141
Admin Expenses	1,213,101	996,672	-513,244	-84,946	-420,492	-214,429	8,378	108,867	2,621,268	1,787,538	1,343,509	1,606,882	546,284	-481,396
Operating Profit	826,809	630,222	1,443,797	813,493	1,414,595	1,187,813	841,115	607,813	262,436	5,096	79,114	63,772	88,204	892,537
Interest Payable	361,817	296,539	11,383	17,592	27,933	46,320	58,507	30,399	0	0	0	17,428	33,573	16,145
Interest Receivable	22,840	1,300	3,078	1,464	5,048	1,151	195	145	127	1	1	18	213	195
Pre-Tax Profit	2,159,881	1,837,147	1,435,493	797,365	1,391,710	1,142,644	782,802	577,559	262,563	5,097	79,114	46,362	54,845	876,588
Tax	-526,048	-450,917	-272,744	-151,499	-264,425	-217,102	-148,732	-115,512	-52,512	-1,070	-18,196	-11,127	-14,260	-245,444
Profit After Tax	1,633,833	1,386,230	1,162,749	645,866	1,127,285	925,542	634,070	462,047	210,050	4,027	60,918	35,235	40,585	631,143
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,633,833	1,386,230	1,162,749	645,866	1,127,285	925,542	634,070	462,047	210,050	4,027	60,918	35,235	40,585	631,143
Employee Costs	742,978	746,917	974,879	815,407	678,919	742,604	632,825	522,797	1,266,885	888,221	632,281	770,544	287,902	219,996
Number Of Employees	23	29	30	25	21	25	20	17	43	30	23	28	11	8
EBITDA*	4,921,174	3,728,086	4,392,287	4,587,086	1,414,595	4,558,268	4,083,173	3,357,993	2,112,129	1,075,680	965,768	1,001,125	1,006,740	1,635,274

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	15,247,450	11,966,071	8,903,925	11,003,742	13,186,856	11,528,081	11,323,043	10,362,218	8,329,179	4,782,966	3,234,470	3,974,366	3,424,643	2,830,320
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	15,247,450	11,966,071	8,903,925	11,003,742	13,186,856	11,528,081	11,323,043	10,362,218	8,329,179	4,782,966	3,234,470	3,974,366	3,424,643	2,830,320
Stock & work in progress	268,190	118,456	74,486	46,916	141,750	118,681	29,738	19,917	25,877	14,208	7,187	5,234	5,026	6,843
Trade Debtors	192,112	132,237	467,852	262,057	336,756	289,186	273,039	221,853	386,967	556,853	477,573	433,660	476,050	309,294
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	371,230	361,857	315,855	383,905	384,457	551,872	298,528	217,935	0	0	0	0	0	0
Cash	5,956,846	5,241,510	4,262,244	1,894,500	1,033,613	312,436	147,987	7,645	50,406	196	249	0	7,336	77,939
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	6,788,378	5,854,060	5,120,437	2,587,378	1,896,576	1,272,175	749,292	467,350	463,250	571,257	485,009	438,894	488,412	394,076
total assets	22,035,828	17,820,131	14,024,362	13,591,120	15,083,432	12,800,256	12,072,335	10,829,568	8,792,429	5,354,223	3,719,479	4,413,260	3,913,055	3,224,396
Bank overdraft	0	33,929	135,714	135,714	135,715	0	380,220	395,048	0	0	0	0	261,255	121,759
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	708,665	1,121,508	692,707	465,777	1,032,257	687,304	865,388	687,600	5,234,716	3,156,992	2,242,486	2,584,984	509,177	259,100
Group/Directors Accounts	57,613	0	28,589	32,238	186,790	49,506	0	0	0	0	0	0	0	0
other short term finances	0	0	0	0	0	288,344	90,000	100,303	0	0	0	0	0	0
hp & lease commitments	7,165,522	5,289,250	4,350,633	5,182,765	5,859,811	5,394,949	5,254,816	5,154,566	0	0	0	0	1,455,251	1,125,569
other current liabilities	1,798,378	1,118,668	1,109,854	1,016,958	975,768	872,572	528,949	356,845	0	0	0	0	0	0
total current liabilities	9,730,178	7,563,355	6,317,497	6,833,452	8,190,341	7,292,675	7,119,373	6,694,362	5,234,716	3,156,992	2,242,486	2,584,984	2,225,683	1,506,428
loans	0	0	0	101,786	203,571	200,000	466,663	440,000	0	0	0	0	275,000	375,000
hp & lease commitments	2,500,990	2,274,949	1,340,768	1,574,034	2,267,038	2,029,384	2,086,644	1,846,621	0	0	0	0	545,642	521,823
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	2,284,675	1,187,321	477,110	905,311	0	0
provisions	845,000	656,000	426,500	305,000	291,500	274,500	321,500	404,500	291,000	238,000	232,000	216,000	195,000	190,000
total long term liabilities	3,345,990	2,930,949	1,767,268	1,980,820	2,762,109	2,503,884	2,874,807	2,691,121	2,575,675	1,425,321	709,110	1,121,311	1,015,642	1,086,823
total liabilities	13,076,168	10,494,304	8,084,765	8,814,272	10,952,450	9,796,559	9,994,180	9,385,483	7,810,391	4,582,313	2,951,596	3,706,295	3,241,325	2,593,251
net assets	8,959,660	7,325,827	5,939,597	4,776,848	4,130,982	3,003,697	2,078,155	1,444,085	982,038	771,910	767,883	706,965	671,730	631,145
total shareholders funds	8,959,660	7,325,827	5,939,597	4,776,848	4,130,982	3,003,697	2,078,155	1,444,085	982,038	771,910	767,883	706,965	671,730	631,145

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	826,809	630,222	1,443,797	813,493	1,414,595	1,187,813	841,115	607,813	262,436	5,096	79,114	63,772	88,204	892,537
Depreciation	4,094,365	3,097,864	2,948,490	3,773,593	0	3,370,455	3,242,058	2,750,180	1,849,693	1,070,584	886,654	937,353	918,536	742,737
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-526,048	-450,917	-272,744	-151,499	-264,425	-217,102	-148,732	-115,512	-52,512	-1,070	-18,196	-11,127	-14,260	-245,444
Stock	149,734	43,970	27,570	-94,834	23,069	88,943	9,821	-5,960	11,669	7,021	1,953	208	-1,817	6,843
Debtors	69,248	-289,613	137,745	-75,251	-119,845	269,491	131,779	52,821	-169,886	79,280	43,913	-42,390	166,756	309,294
Creditors	-412,843	428,801	226,930	-566,480	344,953	-178,084	177,788	-4,547,116	2,077,724	914,506	-342,498	2,075,807	250,077	259,100
Accruals and Deferred Income	679,710	8,814	92,896	41,190	103,196	343,623	172,104	356,845	0	0	0	0	0	0
Deferred Taxes & Provisions	189,000	229,500	121,500	13,500	17,000	-47,000	-83,000	113,500	53,000	6,000	16,000	21,000	5,000	190,000
Cash flow from operations	4,632,011	4,189,927	4,395,554	4,093,882	1,712,095	4,101,271	4,059,733	-881,151	4,348,558	1,908,815	575,208	3,128,987	1,082,618	1,522,793
Investing Activities
capital expenditure	0	0	-848,673	-1,590,479	-1,658,775	-3,575,493	-4,202,883	-4,783,219	-5,395,906	-2,619,080	-146,758	-1,487,076	-1,512,859	-3,573,057
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	-848,673	-1,590,479	-1,658,775	-3,575,493	-4,202,883	-4,783,219	-5,395,906	-2,619,080	-146,758	-1,487,076	-1,512,859	-3,573,057
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	57,613	-28,589	-3,649	-154,552	137,284	49,506	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	-288,344	198,344	-10,303	100,303	0	0	0	0	0	0
Long term loans	0	0	-101,786	-101,785	3,571	-266,663	26,663	440,000	0	0	0	-275,000	-100,000	375,000
Hire Purchase and Lease Commitments	2,102,313	1,872,798	-1,065,398	-1,370,050	702,516	82,873	340,273	7,001,187	0	0	0	-2,000,893	353,501	1,647,392
other long term liabilities	0	0	0	0	0	0	0	-2,284,675	1,097,354	710,211	-428,201	905,311	0	0
share issue	0	0	0	0	0	0	0	0	78	0	0	0	0	2
interest	-338,977	-295,239	-8,305	-16,128	-22,885	-45,169	-58,312	-30,254	127	1	1	-17,410	-33,360	-15,950
cash flow from financing	1,820,949	1,548,970	-1,179,138	-1,642,515	532,142	18,891	298,321	5,226,561	1,097,559	710,212	-428,200	-1,387,992	220,141	2,006,444
cash and cash equivalents
cash	715,336	979,266	2,367,744	860,887	721,177	164,449	140,342	-42,761	50,210	-53	249	-7,336	-70,603	77,939
overdraft	-33,929	-101,785	0	-1	135,715	-380,220	-14,828	395,048	0	0	0	-261,255	139,496	121,759
change in cash	749,265	1,081,051	2,367,744	860,888	585,462	544,669	155,170	-437,809	50,210	-53	249	253,919	-210,099	-43,820

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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COMMERCIAL ASSOCIATES LIMITED group structure

Commercial Associates Limited has no subsidiary companies.

Ultimate parent company

COMMERCIAL ASSOCIATES LIMITED

02082134

COMMERCIAL ASSOCIATES LIMITED Shareholders

karen margaret laundon	80%
deborah billings wakerley	20%

Commercial Associates Limited currently has 2 directors. The longest serving directors include Mrs Karen Laundon (Feb 2015) and Ms Deborah Billings Wakerley (May 2015).

officer	country	age	start	end	role
Mrs Karen Laundon	England	59 years	Feb 2015	-	Director
Ms Deborah Billings Wakerley	England	50 years	May 2015	-	Director

P&L

May 2023

turnover

13.3m

+26%

operating profit

826.8k

+31%

gross margin

15.3%

-0.2%

turnover

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

Balance Sheet

May 2023

net assets

+0.22%

total assets

22m

+0.24%

cash

+0.14%

net assets

Total assets minus all liabilities

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company number

02082134

Type

Private limited with Share Capital

industry

77110 - Renting and leasing of cars and light motor vehicles

45111 - Sale of new cars and light motor vehicles

incorporation date

December 1986

age

accounts

Full Accounts

ultimate parent company

None

previous names

N/A

incorporated

address

welford road kilby bridge, leicester, leicestershire, LE18 3TE

last accounts submitted

May 2023

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 27 charges/mortgages relating to commercial associates limited. Currently there are 4 open charges and 23 have been satisfied in the past.

commercial associates limited Company Information

commercial associates limited Estimated Valuation

commercial associates limited Estimated Valuation

commercial associates limited Estimated Valuation

Commercial Associates Limited Overview

Commercial Associates Limited Health Check

COMMERCIAL ASSOCIATES LIMITED financials

commercial associates limited Credit Report and Business Information

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commercial associates limited Ownership

commercial associates limited directors

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commercial associates limited Charges & Mortgages

commercial associates limited Companies House Filings - See Documents