dick lovett (specialist cars) limited
dick lovett (specialist cars) limited Company Information
Company Number
02567241
Next Accounts
Sep 2025
Shareholders
western counties automobile company limited
Group Structure
View All
Industry
Sale of new cars and light motor vehicles
+2Registered Address
the copse frankland road, blagrove, swindon, wiltshire, SN5 8YW
Website
dicklovett.co.uk/specialistdick lovett (specialist cars) limited Estimated Valuation
Pomanda estimates the enterprise value of DICK LOVETT (SPECIALIST CARS) LIMITED at £39m based on a Turnover of £89.5m and 0.44x industry multiple (adjusted for size and gross margin).
dick lovett (specialist cars) limited Estimated Valuation
Pomanda estimates the enterprise value of DICK LOVETT (SPECIALIST CARS) LIMITED at £19.2m based on an EBITDA of £2.9m and a 6.62x industry multiple (adjusted for size and gross margin).
dick lovett (specialist cars) limited Estimated Valuation
Pomanda estimates the enterprise value of DICK LOVETT (SPECIALIST CARS) LIMITED at £21.2m based on Net Assets of £7.7m and 2.74x industry multiple (adjusted for liquidity).
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Dick Lovett (specialist Cars) Limited Overview
Dick Lovett (specialist Cars) Limited is a live company located in swindon, SN5 8YW with a Companies House number of 02567241. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in December 1990, it's largest shareholder is western counties automobile company limited with a 100% stake. Dick Lovett (specialist Cars) Limited is a mature, large sized company, Pomanda has estimated its turnover at £89.5m with healthy growth in recent years.
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Dick Lovett (specialist Cars) Limited Health Check
Pomanda's financial health check has awarded Dick Lovett (Specialist Cars) Limited a 3 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
3 Strong
2 Regular
7 Weak
Size
annual sales of £89.5m, make it larger than the average company (£18.7m)
£89.5m - Dick Lovett (specialist Cars) Limited
£18.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 5%, show it is growing at a slower rate (9.3%)
5% - Dick Lovett (specialist Cars) Limited
9.3% - Industry AVG
Production
with a gross margin of 10.5%, this company has a higher cost of product (18.7%)
10.5% - Dick Lovett (specialist Cars) Limited
18.7% - Industry AVG
Profitability
an operating margin of 2.7% make it less profitable than the average company (3.5%)
2.7% - Dick Lovett (specialist Cars) Limited
3.5% - Industry AVG
Employees
with 257 employees, this is above the industry average (34)
257 - Dick Lovett (specialist Cars) Limited
34 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has a higher pay structure (£34.6k)
£41.6k - Dick Lovett (specialist Cars) Limited
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £348.2k, this is equally as efficient (£405.5k)
£348.2k - Dick Lovett (specialist Cars) Limited
£405.5k - Industry AVG
Debtor Days
it gets paid by customers after 16 days, this is near the average (16 days)
16 days - Dick Lovett (specialist Cars) Limited
16 days - Industry AVG
Creditor Days
its suppliers are paid after 26 days, this is quicker than average (30 days)
26 days - Dick Lovett (specialist Cars) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 73 days, this is more than average (51 days)
73 days - Dick Lovett (specialist Cars) Limited
51 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 10 weeks, this is more cash available to meet short term requirements (8 weeks)
10 weeks - Dick Lovett (specialist Cars) Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 74.3%, this is a higher level of debt than the average (67.1%)
74.3% - Dick Lovett (specialist Cars) Limited
67.1% - Industry AVG
DICK LOVETT (SPECIALIST CARS) LIMITED financials
Dick Lovett (Specialist Cars) Limited's latest turnover from December 2023 is £89.5 million and the company has net assets of £7.7 million. According to their latest financial statements, Dick Lovett (Specialist Cars) Limited has 257 employees and maintains cash reserves of £4.6 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 | 89,483,000 | 98,912,000 | 80,491,000 | 76,903,000 | 88,782,000 | 81,936,000 | 79,551,000 | 80,705,000 | 74,542,000 | 74,198,997 | 63,805,770 | 54,722,603 | 55,254,219 | 50,839,178 | 47,551,217 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 80,070,000 | 89,076,000 | 72,995,000 | 70,706,000 | 81,461,000 | 75,413,000 | 74,191,000 | 74,945,000 | 69,212,000 | 68,448,575 | 58,592,215 | 49,773,640 | 50,537,206 | 46,247,411 | 42,936,638 |
| Gross Profit | 9,413,000 | 9,836,000 | 7,496,000 | 6,197,000 | 7,321,000 | 6,523,000 | 5,360,000 | 5,760,000 | 5,330,000 | 5,750,422 | 5,213,555 | 4,948,963 | 4,717,013 | 4,591,767 | 4,614,579 |
| Admin Expenses | 7,027,000 | 6,684,000 | 5,767,000 | 4,998,000 | 6,355,000 | 6,305,000 | 5,200,000 | 4,864,000 | 4,302,000 | 4,351,324 | 3,978,527 | 3,622,202 | 3,835,083 | 3,559,238 | 3,664,776 |
| Operating Profit | 2,386,000 | 3,152,000 | 1,729,000 | 1,199,000 | 966,000 | 218,000 | 160,000 | 896,000 | 1,028,000 | 1,399,098 | 1,235,028 | 1,326,761 | 881,930 | 1,032,529 | 949,803 |
| Interest Payable | 538,000 | 176,000 | 122,000 | 190,000 | 241,000 | 189,000 | 176,000 | 162,000 | 118,000 | 63,368 | 66,855 | 115,069 | 74,042 | 60,919 | 66,617 |
| Interest Receivable | 119,000 | 3,149 | 27,890 | ||||||||||||
| Pre-Tax Profit | 1,967,000 | 2,976,000 | 1,607,000 | 1,009,000 | 725,000 | 29,000 | -16,000 | 734,000 | 910,000 | 1,338,879 | 1,168,173 | 1,211,692 | 807,888 | 999,500 | 883,186 |
| Tax | -481,000 | -550,000 | -444,000 | -239,000 | -151,000 | -20,000 | -19,000 | -134,000 | -197,000 | -259,695 | -250,558 | -310,637 | -189,437 | -277,394 | -260,720 |
| Profit After Tax | 1,486,000 | 2,426,000 | 1,163,000 | 770,000 | 574,000 | 9,000 | -35,000 | 600,000 | 713,000 | 1,079,184 | 917,615 | 901,055 | 618,451 | 722,106 | 622,466 |
| Dividends Paid | 1,000,000 | 1,000,000 | 100,000 | 500,000 | 500,000 | 900,000 | 750,000 | 750,000 | 500,000 | 1,000,000 | 500,000 | 133,227 | |||
| Retained Profit | 486,000 | 2,426,000 | 163,000 | 670,000 | 574,000 | 9,000 | -535,000 | 100,000 | -187,000 | 329,184 | 167,615 | 401,055 | -381,549 | 222,106 | 489,239 |
| Employee Costs | 10,685,000 | 10,032,000 | 8,815,000 | 7,654,000 | 7,648,000 | 7,657,000 | 7,027,000 | 6,117,000 | 5,803,000 | 5,541,460 | 5,404,719 | 5,107,342 | 4,680,904 | 4,332,945 | 4,031,505 |
| Number Of Employees | 257 | 245 | 237 | 222 | 227 | 216 | 206 | 190 | 183 | 172 | 164 | 159 | 159 | 149 | 141 |
| EBITDA* | 2,899,000 | 3,626,000 | 2,263,000 | 1,749,000 | 1,509,000 | 751,000 | 700,000 | 1,319,000 | 1,253,000 | 1,627,587 | 1,437,973 | 1,502,087 | 1,036,629 | 1,135,222 | 1,053,710 |
* 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 | 1,992,000 | 1,947,000 | 2,186,000 | 2,205,000 | 2,528,000 | 2,881,000 | 3,265,000 | 3,725,000 | 2,455,000 | 1,232,214 | 1,259,253 | 772,506 | 721,252 | 364,022 | 212,539 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 1,992,000 | 1,947,000 | 2,186,000 | 2,205,000 | 2,528,000 | 2,881,000 | 3,265,000 | 3,725,000 | 2,455,000 | 1,232,214 | 1,259,253 | 772,506 | 721,252 | 364,022 | 212,539 |
| Stock & work in progress | 16,177,000 | 14,627,000 | 11,335,000 | 11,216,000 | 15,043,000 | 14,503,000 | 13,196,000 | 13,154,000 | 11,583,000 | 9,323,321 | 9,655,655 | 9,097,323 | 7,485,204 | 6,878,418 | 4,999,866 |
| Trade Debtors | 3,950,000 | 5,090,000 | 3,810,000 | 3,270,000 | 3,754,000 | 2,320,000 | 2,207,000 | 1,982,000 | 1,904,000 | 1,581,119 | 1,814,685 | 1,328,892 | 778,671 | 1,307,958 | 759,762 |
| Group Debtors | 2,090,000 | 2,552,000 | 1,899,000 | 1,033,000 | 1,414,000 | 1,391,000 | 1,950,000 | 1,371,000 | 1,379,000 | 1,337,116 | 1,192,237 | 1,034,907 | 1,062,617 | 924,336 | 2,798,222 |
| Misc Debtors | 1,299,000 | 2,695,000 | 2,264,000 | 2,411,000 | 2,818,000 | 583,000 | 1,065,000 | 1,074,000 | 879,000 | 1,057,067 | 955,533 | 1,053,915 | 807,796 | 939,249 | 712,176 |
| Cash | 4,552,000 | 2,957,000 | 233,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | 1,156 | 1,159 | 1,133 | 1,300 | 1,306,032 | 1,082 |
| misc current assets | |||||||||||||||
| total current assets | 28,068,000 | 27,921,000 | 19,541,000 | 17,931,000 | 23,030,000 | 18,798,000 | 18,419,000 | 17,582,000 | 15,746,000 | 13,299,779 | 13,619,269 | 12,516,170 | 10,135,588 | 11,355,993 | 9,271,108 |
| total assets | 30,060,000 | 29,868,000 | 21,727,000 | 20,136,000 | 25,558,000 | 21,679,000 | 21,684,000 | 21,307,000 | 18,201,000 | 14,531,993 | 14,878,522 | 13,288,676 | 10,856,840 | 11,720,015 | 9,483,647 |
| Bank overdraft | 6,975,000 | 6,056,000 | 5,054,000 | 2,190,000 | 3,607,000 | 3,034,000 | 3,130,000 | 2,084,000 | 2,356,000 | 1,514,718 | 526,313 | 1,219,957 | 804,829 | 785,413 | |
| Bank loan | |||||||||||||||
| Trade Creditors | 5,831,000 | 8,367,000 | 4,941,000 | 5,455,000 | 8,631,000 | 5,640,000 | 3,452,000 | 6,278,000 | 4,954,000 | 2,780,040 | 3,117,967 | 2,673,675 | 2,603,278 | 3,388,134 | 2,415,041 |
| Group/Directors Accounts | 322,000 | 397,000 | 293,000 | 200,000 | 300,000 | 380,000 | 515,000 | 288,000 | 331,000 | 246,668 | 304,502 | 187,602 | 225,594 | 178,562 | 182,389 |
| other short term finances | 5,435,000 | 4,340,000 | 3,056,000 | 2,287,000 | 5,611,000 | 5,321,000 | 6,570,000 | 5,288,000 | 3,134,000 | 3,607,626 | 3,781,697 | 2,230,309 | 1,697,754 | 1,619,208 | 1,085,789 |
| hp & lease commitments | 10,000 | 28,000 | 28,000 | 28,000 | 28,000 | 10,000 | 11,070 | 11,070 | 11,070 | ||||||
| other current liabilities | 3,073,000 | 2,868,000 | 2,980,000 | 4,947,000 | 3,057,000 | 3,519,000 | 4,225,000 | 3,022,000 | 3,328,000 | 2,142,231 | 3,300,447 | 3,310,082 | 2,341,747 | 2,983,924 | 1,685,934 |
| total current liabilities | 21,636,000 | 22,028,000 | 16,324,000 | 15,089,000 | 21,234,000 | 17,922,000 | 17,920,000 | 16,988,000 | 14,113,000 | 10,302,353 | 11,041,996 | 9,632,695 | 7,673,202 | 8,169,828 | 6,154,566 |
| loans | |||||||||||||||
| hp & lease commitments | 5,000 | 33,000 | 60,000 | 88,000 | 10,148 | 21,218 | 32,288 | ||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | |||||||||||||||
| provisions | 687,000 | 589,000 | 578,000 | 385,000 | 327,000 | 306,000 | 295,000 | 287,000 | 244,000 | 188,000 | 113,000 | 89,000 | 50,000 | 35,000 | 36,000 |
| total long term liabilities | 687,000 | 589,000 | 578,000 | 385,000 | 332,000 | 339,000 | 355,000 | 375,000 | 244,000 | 198,148 | 134,218 | 121,288 | 50,000 | 35,000 | 36,000 |
| total liabilities | 22,323,000 | 22,617,000 | 16,902,000 | 15,474,000 | 21,566,000 | 18,261,000 | 18,275,000 | 17,363,000 | 14,357,000 | 10,500,501 | 11,176,214 | 9,753,983 | 7,723,202 | 8,204,828 | 6,190,566 |
| net assets | 7,737,000 | 7,251,000 | 4,825,000 | 4,662,000 | 3,992,000 | 3,418,000 | 3,409,000 | 3,944,000 | 3,844,000 | 4,031,492 | 3,702,308 | 3,534,693 | 3,133,638 | 3,515,187 | 3,293,081 |
| total shareholders funds | 7,737,000 | 7,251,000 | 4,825,000 | 4,662,000 | 3,992,000 | 3,418,000 | 3,409,000 | 3,944,000 | 3,844,000 | 4,031,492 | 3,702,308 | 3,534,693 | 3,133,638 | 3,515,187 | 3,293,081 |
| 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 | 2,386,000 | 3,152,000 | 1,729,000 | 1,199,000 | 966,000 | 218,000 | 160,000 | 896,000 | 1,028,000 | 1,399,098 | 1,235,028 | 1,326,761 | 881,930 | 1,032,529 | 949,803 |
| Depreciation | 513,000 | 474,000 | 534,000 | 550,000 | 543,000 | 533,000 | 540,000 | 423,000 | 225,000 | 228,489 | 202,945 | 175,326 | 154,699 | 102,693 | 103,907 |
| Amortisation | |||||||||||||||
| Tax | -481,000 | -550,000 | -444,000 | -239,000 | -151,000 | -20,000 | -19,000 | -134,000 | -197,000 | -259,695 | -250,558 | -310,637 | -189,437 | -277,394 | -260,720 |
| Stock | 1,550,000 | 3,292,000 | 119,000 | -3,827,000 | 540,000 | 1,307,000 | 42,000 | 1,571,000 | 2,259,679 | -332,334 | 558,332 | 1,612,119 | 606,786 | 1,878,552 | 4,999,866 |
| Debtors | -2,998,000 | 2,364,000 | 1,259,000 | -1,272,000 | 3,692,000 | -928,000 | 795,000 | 265,000 | 186,698 | 12,847 | 544,741 | 768,630 | -522,459 | -1,098,617 | 4,270,160 |
| Creditors | -2,536,000 | 3,426,000 | -514,000 | -3,176,000 | 2,991,000 | 2,188,000 | -2,826,000 | 1,324,000 | 2,173,960 | -337,927 | 444,292 | 70,397 | -784,856 | 973,093 | 2,415,041 |
| Accruals and Deferred Income | 205,000 | -112,000 | -1,967,000 | 1,890,000 | -462,000 | -706,000 | 1,203,000 | -306,000 | 1,185,769 | -1,158,216 | -9,635 | 968,335 | -642,177 | 1,297,990 | 1,685,934 |
| Deferred Taxes & Provisions | 98,000 | 11,000 | 193,000 | 58,000 | 21,000 | 11,000 | 8,000 | 43,000 | 56,000 | 75,000 | 24,000 | 39,000 | 15,000 | -1,000 | 36,000 |
| Cash flow from operations | 1,633,000 | 745,000 | -1,847,000 | 5,381,000 | -324,000 | 1,845,000 | -1,771,000 | 410,000 | 2,025,352 | 266,236 | 542,999 | -111,567 | -649,168 | 2,347,976 | -4,340,061 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -75,000 | 104,000 | 93,000 | -100,000 | -80,000 | -135,000 | 227,000 | -43,000 | 84,332 | -57,834 | 116,900 | -37,992 | 47,032 | -3,827 | 182,389 |
| Other Short Term Loans | 1,095,000 | 1,284,000 | 769,000 | -3,324,000 | 290,000 | -1,249,000 | 1,282,000 | 2,154,000 | -473,626 | -174,071 | 1,551,388 | 532,555 | 78,546 | 533,419 | 1,085,789 |
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | -10,000 | -23,000 | -28,000 | -27,000 | -28,000 | 106,000 | -11,218 | -11,070 | -11,070 | 43,358 | |||||
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -419,000 | -176,000 | -122,000 | -190,000 | -241,000 | -189,000 | -176,000 | -162,000 | -118,000 | -60,219 | -66,855 | -115,069 | -74,042 | -33,029 | -66,617 |
| cash flow from financing | 601,000 | 1,212,000 | 730,000 | -3,637,000 | -59,000 | -1,600,000 | 1,305,000 | 2,055,000 | -519,004 | -303,194 | 1,590,363 | 422,852 | 51,536 | 496,563 | 4,005,403 |
| cash and cash equivalents | |||||||||||||||
| cash | 1,595,000 | 2,724,000 | 232,000 | -156 | -3 | 26 | -167 | -1,304,732 | 1,304,950 | 1,082 | |||||
| overdraft | 919,000 | 1,002,000 | 2,864,000 | -1,417,000 | 573,000 | -96,000 | 1,046,000 | -272,000 | 841,282 | 988,405 | -693,644 | 415,128 | 804,829 | -785,413 | 785,413 |
| change in cash | 676,000 | 1,722,000 | -2,632,000 | 1,417,000 | -573,000 | 96,000 | -1,046,000 | 272,000 | -841,438 | -988,408 | 693,670 | -415,295 | -2,109,561 | 2,090,363 | -784,331 |
dick lovett (specialist cars) limited Credit Report and Business Information
Dick Lovett (specialist Cars) Limited Competitor Analysis
Perform a competitor analysis for dick lovett (specialist cars) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SN5 area or any other competitors across 12 key performance metrics.
dick lovett (specialist cars) limited Ownership
DICK LOVETT (SPECIALIST CARS) LIMITED group structure
Dick Lovett (Specialist Cars) Limited has no subsidiary companies.
Ultimate parent company
2 parents
DICK LOVETT (SPECIALIST CARS) LIMITED
02567241
dick lovett (specialist cars) limited directors
Dick Lovett (Specialist Cars) Limited currently has 5 directors. The longest serving directors include Mr Peter Lovett (Dec 1991) and Mr Lynn Campbell (Jul 1992).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Peter Lovett | England | 75 years | Dec 1991 | - | Director |
| Mr Lynn Campbell | England | 68 years | Jul 1992 | - | Director |
| Mr Julian Winterburn | United Kingdom | 55 years | Apr 2018 | - | Director |
| Mrs Rebecca Maloney | United Kingdom | 45 years | Dec 2023 | - | Director |
| Mrs Rebecca Maloney | United Kingdom | 45 years | Dec 2023 | - | Director |
P&L
December 2023turnover
89.5m
-10%
operating profit
2.4m
-24%
gross margin
10.6%
+5.78%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
7.7m
+0.07%
total assets
30.1m
+0.01%
cash
4.6m
+0.54%
net assets
Total assets minus all liabilities
dick lovett (specialist cars) limited company details
company number
02567241
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
incorporation date
December 1990
age
35
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
oval (675) limited (January 1991)
accountant
-
auditor
SAFFERY LLP
address
the copse frankland road, blagrove, swindon, wiltshire, SN5 8YW
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
dick lovett (specialist cars) 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 4 charges/mortgages relating to dick lovett (specialist cars) limited. Currently there are 2 open charges and 2 have been satisfied in the past.
dick lovett (specialist cars) limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for DICK LOVETT (SPECIALIST CARS) LIMITED. This can take several minutes, an email will notify you when this has completed.
dick lovett (specialist cars) limited Companies House Filings - See Documents
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