sytner cars limited
sytner cars limited Company Information
Company Number
02832086
Website
sytner.co.ukRegistered Address
2 penman way, grove park, leicester, leicestershire, LE19 1ST
Industry
Maintenance and repair of motor vehicles
Wholesale trade of motor vehicle parts and accessories
Telephone
-
Next Accounts Due
33 days late
Group Structure
View All
Shareholders
sytner group ltd 100%
sytner cars limited Estimated Valuation
Pomanda estimates the enterprise value of SYTNER CARS LIMITED at £225.9m based on a Turnover of £523m and 0.43x industry multiple (adjusted for size and gross margin).
sytner cars limited Estimated Valuation
Pomanda estimates the enterprise value of SYTNER CARS LIMITED at £225.2m based on an EBITDA of £39.2m and a 5.74x industry multiple (adjusted for size and gross margin).
sytner cars limited Estimated Valuation
Pomanda estimates the enterprise value of SYTNER CARS LIMITED at £213.5m based on Net Assets of £75.7m and 2.82x industry multiple (adjusted for liquidity).
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Sytner Cars Limited Overview
Sytner Cars Limited is a live company located in leicester, LE19 1ST with a Companies House number of 02832086. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in June 1993, it's largest shareholder is sytner group ltd with a 100% stake. Sytner Cars Limited is a mature, mega sized company, Pomanda has estimated its turnover at £523m with high growth in recent years.
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Sytner Cars Limited Health Check
Pomanda's financial health check has awarded Sytner Cars Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 9 measures and has 3 areas for improvement. Company Health Check FAQs
9 Strong
0 Regular
3 Weak
Size
annual sales of £523m, make it larger than the average company (£23.4m)
£523m - Sytner Cars Limited
£23.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (3.9%)
18% - Sytner Cars Limited
3.9% - Industry AVG
Production
with a gross margin of 14.3%, this company has a higher cost of product (24.4%)
14.3% - Sytner Cars Limited
24.4% - Industry AVG
Profitability
an operating margin of 7.1% make it more profitable than the average company (4.6%)
7.1% - Sytner Cars Limited
4.6% - Industry AVG
Employees
with 384 employees, this is above the industry average (50)
384 - Sytner Cars Limited
50 - Industry AVG
Pay Structure
on an average salary of £55.5k, the company has a higher pay structure (£32.6k)
£55.5k - Sytner Cars Limited
£32.6k - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£321.5k)
£1.4m - Sytner Cars Limited
£321.5k - Industry AVG
Debtor Days
it gets paid by customers after 13 days, this is earlier than average (33 days)
13 days - Sytner Cars Limited
33 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (36 days)
14 days - Sytner Cars Limited
36 days - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is less than average (61 days)
43 days - Sytner Cars Limited
61 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 21 weeks, this is more cash available to meet short term requirements (8 weeks)
21 weeks - Sytner Cars Limited
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 55.9%, this is a lower level of debt than the average (62.7%)
55.9% - Sytner Cars Limited
62.7% - Industry AVG
SYTNER CARS LIMITED financials
Sytner Cars Limited's latest turnover from December 2022 is £523 million and the company has net assets of £75.7 million. According to their latest financial statements, Sytner Cars Limited has 384 employees and maintains cash reserves of £39.4 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 | 523,011,000 | 413,440,000 | 348,036,000 | 319,862,000 | 311,833,000 | 305,143,000 | 281,262,000 | 249,891,000 | 194,183,000 | 167,885,000 | 156,157,000 | 142,471,000 | 141,470,000 | 113,378,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cost Of Sales | 448,098,000 | 354,006,000 | 300,628,000 | 278,472,000 | 272,824,000 | 265,815,000 | 245,829,000 | 218,518,000 | 170,201,000 | 147,397,000 | 136,695,000 | 125,861,000 | 123,390,000 | 98,046,000 |
| Gross Profit | 74,913,000 | 59,434,000 | 47,408,000 | 41,390,000 | 39,009,000 | 39,328,000 | 35,433,000 | 31,373,000 | 23,982,000 | 20,488,000 | 19,462,000 | 16,610,000 | 18,080,000 | 15,332,000 |
| Admin Expenses | 28,123,000 | 20,767,000 | 19,239,000 | 16,295,000 | 14,947,000 | 14,492,000 | 13,616,000 | 13,370,000 | 11,907,000 | |||||
| Operating Profit | 13,267,000 | 14,666,000 | 12,134,000 | 7,687,000 | 5,541,000 | 4,970,000 | 2,994,000 | 4,710,000 | 3,425,000 | |||||
| Interest Payable | 1,194,000 | 566,000 | 668,000 | 707,000 | 616,000 | 462,000 | 425,000 | 382,000 | 393,000 | 441,000 | 486,000 | 467,000 | 478,000 | 537,000 |
| Interest Receivable | 444,000 | 0 | 0 | 0 | 6,000 | 12,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Pre-Tax Profit | 35,557,000 | 26,279,000 | 19,625,000 | 12,560,000 | 14,517,000 | 16,007,000 | 14,241,000 | 11,752,000 | 7,294,000 | 5,100,000 | 4,484,000 | 2,527,000 | 4,232,000 | 2,992,000 |
| Tax | -6,907,000 | -5,374,000 | -4,221,000 | -2,533,000 | -2,691,000 | -3,183,000 | -2,879,000 | -2,371,000 | -1,659,000 | -1,226,000 | -1,163,000 | -715,000 | -1,453,000 | -773,000 |
| Profit After Tax | 28,650,000 | 20,905,000 | 15,404,000 | 10,027,000 | 11,826,000 | 12,824,000 | 11,362,000 | 9,381,000 | 5,635,000 | 3,874,000 | 3,321,000 | 1,812,000 | 2,779,000 | 2,219,000 |
| Dividends Paid | 5,000,000 | 20,000,000 | 10,000,000 | 5,000,000 | 5,000,000 | 2,000,000 | 3,500,000 | 0 | 10,000,000 | 12,000,000 | 0 | 0 | 0 | 0 |
| Retained Profit | 23,650,000 | 905,000 | 5,404,000 | 5,027,000 | 6,826,000 | 10,824,000 | 7,862,000 | 9,381,000 | -4,365,000 | -8,126,000 | 3,321,000 | 1,812,000 | 2,779,000 | 2,219,000 |
| Employee Costs | 21,306,000 | 20,697,000 | 15,587,000 | 13,543,000 | 12,374,000 | 11,334,000 | 10,282,000 | 8,974,000 | 7,854,000 | 7,025,000 | 6,529,000 | 6,185,000 | 6,421,000 | 5,903,000 |
| Number Of Employees | 384 | 338 | 321 | 325 | 286 | 269 | 241 | 231 | 196 | 181 | 182 | 173 | 178 | 175 |
| EBITDA* | 14,754,000 | 15,659,000 | 13,004,000 | 8,572,000 | 6,422,000 | 5,850,000 | 3,596,000 | 5,282,000 | 4,099,000 |
* 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 | 45,268,000 | 45,469,000 | 39,945,000 | 38,994,000 | 37,432,000 | 31,584,000 | 26,797,000 | 20,346,000 | 20,266,000 | 20,529,000 | 21,285,000 | 19,828,000 | 16,889,000 | 15,857,000 |
| Intangible Assets | 493,000 | 678,000 | 863,000 | 1,047,000 | 1,232,000 | 1,420,000 | 1,610,000 | 1,801,000 | 1,992,000 | 2,182,000 | 2,373,000 | 2,564,000 | 2,754,000 | 2,939,000 |
| 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 | 45,761,000 | 46,147,000 | 40,808,000 | 40,041,000 | 38,664,000 | 33,004,000 | 28,407,000 | 22,147,000 | 22,258,000 | 22,711,000 | 23,658,000 | 22,392,000 | 19,643,000 | 18,796,000 |
| Stock & work in progress | 53,116,000 | 33,166,000 | 37,046,000 | 41,668,000 | 30,723,000 | 26,510,000 | 21,651,000 | 19,875,000 | 19,605,000 | 17,035,000 | 16,304,000 | 14,579,000 | 12,706,000 | 13,053,000 |
| Trade Debtors | 19,111,000 | 15,946,000 | 10,742,000 | 10,625,000 | 7,028,000 | 7,529,000 | 8,104,000 | 5,736,000 | 5,281,000 | 5,020,000 | 3,548,000 | 2,446,000 | 2,497,000 | 2,269,000 |
| Group Debtors | 10,235,000 | 202,000 | 6,771,000 | 7,359,000 | 0 | 0 | 0 | 0 | 0 | 0 | 6,337,000 | 2,043,000 | 1,475,000 | 0 |
| Misc Debtors | 3,992,000 | 3,166,000 | 1,855,000 | 1,898,000 | 1,414,000 | 1,454,000 | 1,365,000 | 1,312,000 | 1,328,000 | 1,104,000 | 1,146,000 | 1,249,000 | 900,000 | 815,000 |
| Cash | 39,364,000 | 30,513,000 | 9,879,000 | 1,128,000 | 8,786,000 | 13,222,000 | 11,313,000 | 10,415,000 | 7,158,000 | 612,000 | 2,000 | 3,000 | 3,000 | 1,000 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 125,818,000 | 82,993,000 | 66,293,000 | 62,678,000 | 47,951,000 | 48,715,000 | 42,433,000 | 37,338,000 | 33,372,000 | 23,771,000 | 27,337,000 | 20,320,000 | 17,581,000 | 16,138,000 |
| total assets | 171,579,000 | 129,140,000 | 107,101,000 | 102,719,000 | 86,615,000 | 81,719,000 | 70,840,000 | 59,485,000 | 55,630,000 | 46,482,000 | 50,995,000 | 42,712,000 | 37,224,000 | 34,934,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5,123,000 | 3,603,000 | 2,143,000 | 1,045,000 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 18,098,000 | 16,242,000 | 6,348,000 | 8,562,000 | 5,505,000 | 7,894,000 | 6,159,000 | 5,266,000 | 5,669,000 | 4,636,000 | 5,022,000 | 3,707,000 | 2,446,000 | 2,971,000 |
| Group/Directors Accounts | 3,000 | 4,967,000 | 0 | 0 | 2,482,000 | 3,695,000 | 9,242,000 | 9,714,000 | 15,121,000 | 6,406,000 | 0 | 0 | 0 | 3,119,000 |
| other short term finances | 35,177,000 | 26,874,000 | 19,402,000 | 36,953,000 | 21,186,000 | 19,930,000 | 21,796,000 | 18,996,000 | 18,321,000 | 16,119,000 | 16,083,000 | 14,529,000 | 12,269,000 | 10,893,000 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 40,614,000 | 27,286,000 | 29,108,000 | 10,758,000 | 16,174,000 | 15,750,000 | 10,080,000 | 9,794,000 | 8,152,000 | 6,618,000 | 3,899,000 | 3,364,000 | 4,718,000 | 4,270,000 |
| total current liabilities | 93,892,000 | 75,369,000 | 54,858,000 | 56,273,000 | 45,347,000 | 47,269,000 | 47,277,000 | 43,770,000 | 47,263,000 | 33,779,000 | 30,127,000 | 25,203,000 | 21,576,000 | 22,298,000 |
| loans | 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 | 0 | 0 |
| 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 | 1,942,000 | 1,676,000 | 1,053,000 | 660,000 | 509,000 | 517,000 | 454,000 | 468,000 | 501,000 | 472,000 | 511,000 | 473,000 | 424,000 | 191,000 |
| total long term liabilities | 1,942,000 | 1,676,000 | 1,053,000 | 660,000 | 509,000 | 517,000 | 454,000 | 468,000 | 501,000 | 472,000 | 511,000 | 473,000 | 424,000 | 191,000 |
| total liabilities | 95,834,000 | 77,045,000 | 55,911,000 | 56,933,000 | 45,856,000 | 47,786,000 | 47,731,000 | 44,238,000 | 47,764,000 | 34,251,000 | 30,638,000 | 25,676,000 | 22,000,000 | 22,489,000 |
| net assets | 75,745,000 | 52,095,000 | 51,190,000 | 45,786,000 | 40,759,000 | 33,933,000 | 23,109,000 | 15,247,000 | 7,866,000 | 12,231,000 | 20,357,000 | 17,036,000 | 15,224,000 | 12,445,000 |
| total shareholders funds | 75,745,000 | 52,095,000 | 51,190,000 | 45,786,000 | 40,759,000 | 33,933,000 | 23,109,000 | 15,247,000 | 7,866,000 | 12,231,000 | 20,357,000 | 17,036,000 | 15,224,000 | 12,445,000 |
| 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 | 13,267,000 | 14,666,000 | 12,134,000 | 7,687,000 | 5,541,000 | 4,970,000 | 2,994,000 | 4,710,000 | 3,425,000 | |||||
| Depreciation | 1,949,000 | 1,905,000 | 1,707,000 | 1,302,000 | 929,000 | 858,000 | 803,000 | 679,000 | 694,000 | 690,000 | 689,000 | 602,000 | 572,000 | 523,000 |
| Amortisation | 185,000 | 185,000 | 184,000 | 185,000 | 188,000 | 190,000 | 190,000 | 191,000 | 191,000 | 191,000 | 191,000 | 0 | 0 | 151,000 |
| Tax | -6,907,000 | -5,374,000 | -4,221,000 | -2,533,000 | -2,691,000 | -3,183,000 | -2,879,000 | -2,371,000 | -1,659,000 | -1,226,000 | -1,163,000 | -715,000 | -1,453,000 | -773,000 |
| Stock | 19,950,000 | -3,880,000 | -4,622,000 | 10,945,000 | 4,213,000 | 4,859,000 | 1,776,000 | 270,000 | 2,570,000 | 731,000 | 1,725,000 | 1,873,000 | -347,000 | 13,053,000 |
| Debtors | 14,024,000 | -54,000 | -514,000 | 11,440,000 | -541,000 | -486,000 | 2,421,000 | 439,000 | 485,000 | -4,907,000 | 5,293,000 | 866,000 | 1,788,000 | 3,084,000 |
| Creditors | 1,856,000 | 9,894,000 | -2,214,000 | 3,057,000 | -2,389,000 | 1,735,000 | 893,000 | -403,000 | 1,033,000 | -386,000 | 1,315,000 | 1,261,000 | -525,000 | 2,971,000 |
| Accruals and Deferred Income | 13,328,000 | -1,822,000 | 18,350,000 | -5,416,000 | 424,000 | 5,670,000 | 286,000 | 1,642,000 | 1,534,000 | 2,719,000 | 535,000 | -1,354,000 | 448,000 | 4,270,000 |
| Deferred Taxes & Provisions | 266,000 | 623,000 | 393,000 | 151,000 | -8,000 | 63,000 | -14,000 | -33,000 | 29,000 | -39,000 | 38,000 | 49,000 | 233,000 | 191,000 |
| Cash flow from operations | -12,372,000 | 9,748,000 | 11,130,000 | 6,454,000 | 11,666,000 | -443,000 | 98,000 | 2,544,000 | -5,379,000 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -4,964,000 | 4,967,000 | 0 | -2,482,000 | -1,213,000 | -5,547,000 | -472,000 | -5,407,000 | 8,715,000 | 6,406,000 | 0 | 0 | -3,119,000 | 3,119,000 |
| Other Short Term Loans | 8,303,000 | 7,472,000 | -17,551,000 | 15,767,000 | 1,256,000 | -1,866,000 | 2,800,000 | 675,000 | 2,202,000 | 36,000 | 1,554,000 | 2,260,000 | 1,376,000 | 10,893,000 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -750,000 | -566,000 | -668,000 | -707,000 | -610,000 | -450,000 | -425,000 | -382,000 | -393,000 | -441,000 | -486,000 | -467,000 | -478,000 | -537,000 |
| cash flow from financing | 2,589,000 | 11,873,000 | -18,219,000 | 12,578,000 | -567,000 | -7,863,000 | 1,903,000 | -7,114,000 | 10,524,000 | 6,001,000 | 1,068,000 | 1,793,000 | -2,221,000 | 23,701,000 |
| cash and cash equivalents | ||||||||||||||
| cash | 8,851,000 | 20,634,000 | 8,751,000 | -7,658,000 | -4,436,000 | 1,909,000 | 898,000 | 3,257,000 | 6,546,000 | 610,000 | -1,000 | 0 | 2,000 | 1,000 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -5,123,000 | 1,520,000 | 1,460,000 | 1,098,000 | 1,045,000 |
| change in cash | 8,851,000 | 20,634,000 | 8,751,000 | -7,658,000 | -4,436,000 | 1,909,000 | 898,000 | 3,257,000 | 6,546,000 | 5,733,000 | -1,521,000 | -1,460,000 | -1,096,000 | -1,044,000 |
sytner cars limited Credit Report and Business Information
Sytner Cars Limited Competitor Analysis
Perform a competitor analysis for sytner cars limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in LE19 area or any other competitors across 12 key performance metrics.
sytner cars limited Ownership
SYTNER CARS LIMITED group structure
Sytner Cars Limited has no subsidiary companies.
Ultimate parent company
PENSKE AUTOMOTIVE GROUP INC
#0063045
2 parents
SYTNER CARS LIMITED
02832086
sytner cars limited directors
Sytner Cars Limited currently has 5 directors. The longest serving directors include Mr Robert Kurnick (May 2002) and Mr Gerard Nieuwenhuys (Aug 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Robert Kurnick | Usa | 63 years | May 2002 | - | Director |
| Mr Gerard Nieuwenhuys | 64 years | Aug 2004 | - | Director | |
| Mr Jeremy Mallett | 72 years | Mar 2011 | - | Director | |
| Mr Darren Edwards | England | 56 years | Oct 2014 | - | Director |
| Mr Simon Moorhouse | England | 50 years | Jul 2023 | - | Director |
P&L
December 2022turnover
523m
+27%
operating profit
37.1m
0%
gross margin
14.4%
-0.36%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
75.7m
+0.45%
total assets
171.6m
+0.33%
cash
39.4m
+0.29%
net assets
Total assets minus all liabilities
sytner cars limited company details
company number
02832086
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
45200 - Maintenance and repair of motor vehicles
45310 - Wholesale trade of motor vehicle parts and accessories
incorporation date
June 1993
age
31
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2022
previous names
kings motors (old trafford) limited (February 2003)
sytner finance limited (October 1997)
accountant
-
auditor
DELOITTE LLP
address
2 penman way, grove park, leicester, leicestershire, LE19 1ST
Bank
-
Legal Advisor
-
sytner 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 5 charges/mortgages relating to sytner cars limited. Currently there are 3 open charges and 2 have been satisfied in the past.
sytner cars limited Companies House Filings - See Documents
| date | description | view/download |
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