Cars Refrigeration Limited

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cars refrigeration limited Company Information

Live

MatureSmallLow

Company Number

03075016

Website

www.carsrefrigeration.co.uk

Registered Address

unit 11c - 11d, longbridge hayes road, stoke-on-trent, ST6 4DS

Industry

Wholesale of other machinery and equipment

Telephone

08003286283

Next Accounts Due

January 2025

Group Structure

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Directors

Peter Nuttall29 Years

Kate Fletcher14 Years

Shareholders

peter nuttall 78.5%

kate fletcher 15%

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cars refrigeration limited Estimated Valuation

£1.7m

Pomanda estimates the enterprise value of CARS REFRIGERATION LIMITED at £1.7m based on Net Assets of £663k and 2.6x industry multiple (adjusted for liquidity).

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Cars Refrigeration Limited is a live company located in stoke-on-trent, ST6 4DS with a Companies House number of 03075016. It operates in the wholesale of other machinery and equipment sector, SIC Code 46690. Founded in July 1995, it's largest shareholder is peter nuttall with a 78.5% stake. Cars Refrigeration Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with low growth in recent years.

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Pomanda's financial health check has awarded Cars Refrigeration Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

6 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£15.2m)

Growth

3 year (CAGR) sales growth of 2%, show it is growing at a slower rate (4.5%)

EXPORT

Cars Refrigeration Limited's latest turnover from April 2023 is estimated at £1.4 million and the company has net assets of £663 thousand. According to their latest financial statements, Cars Refrigeration Limited has 9 employees and maintains cash reserves of £294.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,425,413	1,297,053	1,265,767	1,344,364	1,413,318	1,005,308	956,978	734,020	1,171,062	1,134,817	1,371,631	1,140,158	1,251,155	1,236,659
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,009,318	928,028	907,900	969,924	1,013,982	733,351	683,049	519,589	830,003	792,844	952,310	811,264	888,126	870,514
Gross Profit	416,095	369,025	357,867	374,440	399,337	271,958	273,929	214,431	341,059	341,973	419,321	328,894	363,029	366,146
Admin Expenses	447,265	382,133	272,697	418,377	386,157	276,460	299,070	223,061	251,528	264,718	365,542	359,703	308,417	-333,365
Operating Profit	-31,170	-13,108	85,170	-43,937	13,180	-4,502	-25,141	-8,630	89,531	77,255	53,779	-30,809	54,612	699,511
Interest Payable	7,346	6,131	3,050	0	7	12	5	0	0	0	0	0	0	0
Interest Receivable	15,216	3,025	331	271	2,084	1,499	773	1,470	1,262	840	699	972	1,022	474
Pre-Tax Profit	-23,300	-16,214	82,452	-43,666	15,257	-3,015	-24,373	-7,160	90,794	78,095	54,478	-29,837	55,634	699,985
Tax	0	0	-15,666	0	-2,899	0	0	0	-18,159	-16,400	-12,530	0	-14,465	-195,996
Profit After Tax	-23,300	-16,214	66,786	-43,666	12,358	-3,015	-24,373	-7,160	72,635	61,695	41,948	-29,837	41,169	503,989
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-23,300	-16,214	66,786	-43,666	12,358	-3,015	-24,373	-7,160	72,635	61,695	41,948	-29,837	41,169	503,989
Employee Costs	439,888	375,965	362,880	412,814	444,419	170,142	158,633	119,668	199,847	194,036	227,942	181,922	218,137	208,588
Number Of Employees	9	8	8	9	10	4	4	3	5	5	6	5	6	6
EBITDA*	-27,261	-8,706	89,680	-38,626	19,644	7,296	-13,951	3,613	102,484	96,782	59,693	-23,097	59,805	703,085

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	18,015	20,609	12,987	17,749	21,198	37,067	38,157	39,347	44,715	57,668	19,816	25,730	16,022	11,277
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	18,015	20,609	12,987	17,749	21,198	37,067	38,157	39,347	44,715	57,668	19,816	25,730	16,022	11,277
Stock & work in progress	447,893	380,857	412,751	405,103	389,762	353,918	326,418	328,412	339,290	361,557	371,263	376,308	389,823	376,601
Trade Debtors	122,886	127,283	156,062	86,015	147,068	162,261	153,791	115,543	198,776	177,928	247,357	162,682	178,646	186,821
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	9,777	8,699	9,561	8,365	4,364	5,360	6,254	5,840	0	0	0	0	0	0
Cash	294,418	421,642	385,020	277,850	265,085	290,680	308,867	309,235	278,844	226,076	109,780	169,872	219,051	189,574
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	874,974	938,481	963,394	777,333	806,279	812,219	795,330	759,030	816,910	765,561	728,400	708,862	787,520	752,996
total assets	892,989	959,090	976,381	795,082	827,477	849,286	833,487	798,377	861,625	823,229	748,216	734,592	803,542	764,273
Bank overdraft	20,000	20,000	20,000	0	0	215	153	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	93,584	117,652	74,443	113,753	78,681	112,069	97,807	40,640	140,792	167,045	180,947	198,155	227,197	219,292
Group/Directors Accounts	22,190	22,366	25,337	2,981	3,683	0	0	0	0	0	0	0	0	0
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	4,285	5,953	0	0	0	0	0	0
other current liabilities	50,010	48,340	71,605	39,233	61,674	61,951	53,176	45,062	0	0	0	0	0	0
total current liabilities	185,784	208,358	191,385	155,967	144,038	174,235	155,421	91,655	140,792	167,045	180,947	198,155	227,197	219,292
loans	41,667	61,667	80,000	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	4,283	10,234	15,870	0	11,116	21,187	30,992
provisions	2,523	2,750	2,467	3,372	4,030	8,000	8,000	8,000	9,000	11,350	0	0	0	0
total long term liabilities	44,190	64,417	82,467	3,372	4,030	8,000	8,000	12,283	19,234	27,220	0	11,116	21,187	30,992
total liabilities	229,974	272,775	273,852	159,339	148,068	182,235	163,421	103,938	160,026	194,265	180,947	209,271	248,384	250,284
net assets	663,015	686,315	702,529	635,743	679,409	667,051	670,066	694,439	701,599	628,964	567,269	525,321	555,158	513,989
total shareholders funds	663,015	686,315	702,529	635,743	679,409	667,051	670,066	694,439	701,599	628,964	567,269	525,321	555,158	513,989

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-31,170	-13,108	85,170	-43,937	13,180	-4,502	-25,141	-8,630	89,531	77,255	53,779	-30,809	54,612	699,511
Depreciation	3,909	4,402	4,510	5,311	6,464	11,798	11,190	12,243	12,953	19,527	5,914	7,712	5,193	3,574
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-15,666	0	-2,899	0	0	0	-18,159	-16,400	-12,530	0	-14,465	-195,996
Stock	67,036	-31,894	7,648	15,341	35,844	27,500	-1,994	-10,878	-22,267	-9,706	-5,045	-13,515	13,222	376,601
Debtors	-3,319	-29,641	71,243	-57,052	-16,189	7,576	38,662	-77,393	20,848	-69,429	84,675	-15,964	-8,175	186,821
Creditors	-24,068	43,209	-39,310	35,072	-33,388	14,262	57,167	-100,152	-26,253	-13,902	-17,208	-29,042	7,905	219,292
Accruals and Deferred Income	1,670	-23,265	32,372	-22,441	-277	8,775	8,114	45,062	0	0	0	0	0	0
Deferred Taxes & Provisions	-227	283	-905	-658	-3,970	0	0	-1,000	-2,350	11,350	0	0	0	0
Cash flow from operations	-113,603	73,056	-12,720	15,058	-40,545	-4,743	14,662	35,794	57,141	156,965	-49,675	-22,660	48,198	162,959
Investing Activities
capital expenditure	-1,315	-12,024	252	-1,862	9,405	-10,708	-10,000	-6,875	0	-57,379	0	-17,420	-9,938	-14,851
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,315	-12,024	252	-1,862	9,405	-10,708	-10,000	-6,875	0	-57,379	0	-17,420	-9,938	-14,851
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-176	-2,971	22,356	-702	3,683	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-20,000	-18,333	80,000	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	-4,285	-1,668	5,953	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	-4,283	-5,951	-5,636	15,870	-11,116	-10,071	-9,805	30,992
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	10,000
interest	7,870	-3,106	-2,719	271	2,077	1,487	768	1,470	1,262	840	699	972	1,022	474
cash flow from financing	-12,306	-24,410	99,637	-431	5,760	-2,798	-5,183	1,472	-4,374	16,710	-10,417	-9,099	-8,783	41,466
cash and cash equivalents
cash	-127,224	36,622	107,170	12,765	-25,595	-18,187	-368	30,391	52,768	116,296	-60,092	-49,179	29,477	189,574
overdraft	0	0	20,000	0	-215	62	153	0	0	0	0	0	0	0
change in cash	-127,224	36,622	87,170	12,765	-25,380	-18,249	-521	30,391	52,768	116,296	-60,092	-49,179	29,477	189,574

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for cars refrigeration limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in ST6 area or any other competitors across 12 key performance metrics.

CARS REFRIGERATION LIMITED group structure

Cars Refrigeration Limited has no subsidiary companies.

Ultimate parent company

CARS REFRIGERATION LIMITED

03075016

CARS REFRIGERATION LIMITED Shareholders

peter nuttall	78.5%
kate fletcher	15%
darren peter nuttall	6.5%

Cars Refrigeration Limited currently has 2 directors. The longest serving directors include Mr Peter Nuttall (Jul 1995) and Mrs Kate Fletcher (Jan 2010).

officer	country	age	start	end	role
Mr Peter Nuttall		67 years	Jul 1995	-	Director
Mrs Kate Fletcher	United Kingdom	42 years	Jan 2010	-	Director

P&L

April 2023

turnover

1.4m

+10%

operating profit

-31.2k

gross margin

29.2%

+2.6%

turnover

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

Balance Sheet

April 2023

net assets

663k

-0.03%

total assets

893k

-0.07%

cash

294.4k

-0.3%

net assets

Total assets minus all liabilities

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company number

03075016

Type

Private limited with Share Capital

industry

46690 - Wholesale of other machinery and equipment

incorporation date

July 1995

ultimate parent company

None

previous names

c.a.r.s. (u.k.) limited (February 2017)

address

unit 11c - 11d, longbridge hayes road, stoke-on-trent, ST6 4DS

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 2 charges/mortgages relating to cars refrigeration limited. Currently there are 1 open charges and 1 have been satisfied in the past.

cars refrigeration limited Company Information

cars refrigeration limited Estimated Valuation

cars refrigeration limited Estimated Valuation

cars refrigeration limited Estimated Valuation

Cars Refrigeration Limited Overview

Cars Refrigeration Limited Health Check

CARS REFRIGERATION LIMITED financials

cars refrigeration limited Credit Report and Business Information

Cars Refrigeration Limited Competitor Analysis

cars refrigeration limited Ownership

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