solus (london) limited
solus (london) limited Company Information
Company Number
03078842
Next Accounts
Sep 2025
Shareholders
aviva insurance ltd
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
Registered Address
8 surrey street, norwich, norfolk, NR1 3NG
Website
www.solusarc.co.uksolus (london) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUS (LONDON) LIMITED at £112.7m based on a Turnover of £151.9m and 0.74x industry multiple (adjusted for size and gross margin).
solus (london) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUS (LONDON) LIMITED at £267.6m based on an EBITDA of £29.8m and a 8.97x industry multiple (adjusted for size and gross margin).
solus (london) limited Estimated Valuation
Pomanda estimates the enterprise value of SOLUS (LONDON) LIMITED at £102.6m based on Net Assets of £33.2m and 3.09x industry multiple (adjusted for liquidity).
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Solus (london) Limited Overview
Solus (london) Limited is a live company located in norfolk, NR1 3NG with a Companies House number of 03078842. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in July 1995, it's largest shareholder is aviva insurance ltd with a 100% stake. Solus (london) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £151.9m with high growth in recent years.
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Solus (london) Limited Health Check
Pomanda's financial health check has awarded Solus (London) Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 2 areas for improvement. Company Health Check FAQs
8 Strong
1 Regular
2 Weak
Size
annual sales of £151.9m, make it larger than the average company (£674.6k)
£151.9m - Solus (london) Limited
£674.6k - Industry AVG
Growth
3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (9.6%)
23% - Solus (london) Limited
9.6% - Industry AVG
Production
with a gross margin of 50.7%, this company has a lower cost of product (34.2%)
50.7% - Solus (london) Limited
34.2% - Industry AVG
Profitability
an operating margin of 14.9% make it more profitable than the average company (5.5%)
14.9% - Solus (london) Limited
5.5% - Industry AVG
Employees
with 935 employees, this is above the industry average (9)
935 - Solus (london) Limited
9 - Industry AVG
Pay Structure
on an average salary of £49.8k, the company has a higher pay structure (£31.3k)
£49.8k - Solus (london) Limited
£31.3k - Industry AVG
Efficiency
resulting in sales per employee of £162.4k, this is more efficient (£110.4k)
£162.4k - Solus (london) Limited
£110.4k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Solus (london) Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is quicker than average (43 days)
14 days - Solus (london) Limited
43 days - Industry AVG
Stock Days
it holds stock equivalent to 12 days, this is less than average (28 days)
12 days - Solus (london) Limited
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 57 weeks, this is more cash available to meet short term requirements (13 weeks)
57 weeks - Solus (london) Limited
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 60.2%, this is a similar level of debt than the average (66.4%)
60.2% - Solus (london) Limited
66.4% - Industry AVG
SOLUS (LONDON) LIMITED financials
Solus (London) Limited's latest turnover from December 2023 is £151.9 million and the company has net assets of £33.2 million. According to their latest financial statements, Solus (London) Limited has 935 employees and maintains cash reserves of £31.7 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 | 151,876,000 | 152,100,000 | 116,815,000 | 80,853,000 | 93,690,000 | 85,365,000 | 74,974,000 | 73,065,000 | 65,881,000 | 60,952,000 | 69,547,000 | 70,568,000 | 71,803,000 | 67,790,000 | 74,000,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 74,892,000 | 73,722,000 | 59,569,000 | 49,467,000 | 51,992,000 | 48,192,000 | 43,724,000 | 41,947,000 | 37,399,000 | 33,089,000 | 38,049,000 | 36,716,000 | 39,682,000 | 36,225,000 | 32,723,000 |
| Gross Profit | 76,984,000 | 78,378,000 | 57,246,000 | 31,386,000 | 41,698,000 | 37,173,000 | 31,250,000 | 31,118,000 | 28,482,000 | 27,863,000 | 31,498,000 | 33,852,000 | 32,121,000 | 31,565,000 | 41,277,000 |
| Admin Expenses | 54,290,000 | 40,229,000 | 31,337,000 | 25,452,000 | 26,156,000 | 23,317,000 | 22,663,000 | 20,880,000 | 21,255,000 | 21,356,000 | 22,252,000 | 24,101,000 | 22,742,000 | 21,762,000 | 35,679,000 |
| Operating Profit | 22,694,000 | 38,149,000 | 25,909,000 | 5,934,000 | 15,542,000 | 13,856,000 | 8,587,000 | 10,238,000 | 7,227,000 | 6,507,000 | 9,246,000 | 9,751,000 | 9,379,000 | 9,803,000 | 5,598,000 |
| Interest Payable | 396,000 | 314,000 | 325,000 | 349,000 | |||||||||||
| Interest Receivable | 356,000 | 29,000 | 4,000 | 32,000 | 58,000 | 19,000 | 163,000 | 314,000 | 1,647,000 | 1,816,000 | 1,483,000 | 1,271,000 | 436,000 | ||
| Pre-Tax Profit | 22,654,000 | 37,864,000 | 25,588,000 | 5,617,000 | 15,600,000 | 13,875,000 | 8,587,000 | 10,238,000 | 7,390,000 | 6,821,000 | 10,893,000 | 11,567,000 | 10,862,000 | 11,074,000 | 6,034,000 |
| Tax | -5,296,000 | -7,355,000 | -4,951,000 | -1,076,000 | -3,029,000 | -2,658,000 | -1,648,000 | -1,939,000 | -1,503,000 | -1,559,000 | -2,536,000 | -2,796,000 | -2,984,000 | -3,096,000 | -2,028,000 |
| Profit After Tax | 17,358,000 | 30,509,000 | 20,637,000 | 4,541,000 | 12,571,000 | 11,217,000 | 6,939,000 | 8,299,000 | 5,887,000 | 5,262,000 | 8,357,000 | 8,771,000 | 7,878,000 | 7,978,000 | 4,006,000 |
| Dividends Paid | 15,000,000 | 25,000,000 | 15,000,000 | 15,000,000 | 18,000,000 | 10,880,000 | 42,000,000 | ||||||||
| Retained Profit | 2,358,000 | 5,509,000 | 5,637,000 | 4,541,000 | -2,429,000 | -6,783,000 | 6,939,000 | 8,299,000 | -4,993,000 | 5,262,000 | -33,643,000 | 8,771,000 | 7,878,000 | 7,978,000 | 4,006,000 |
| Employee Costs | 46,544,000 | 43,219,000 | 33,664,000 | 27,468,000 | 27,638,000 | 24,785,000 | 24,099,000 | 22,785,000 | 21,397,000 | 20,890,000 | 21,735,000 | 22,471,000 | 22,497,000 | 21,689,000 | 24,301,000 |
| Number Of Employees | 935 | 888 | 760 | 654 | 613 | 592 | 596 | 586 | 575 | 571 | 615 | 628 | 655 | 650 | 759 |
| EBITDA* | 29,829,000 | 42,517,000 | 31,078,000 | 10,337,000 | 16,708,000 | 14,903,000 | 9,412,000 | 11,081,000 | 8,117,000 | 7,646,000 | 10,413,000 | 11,080,000 | 10,809,000 | 11,094,000 | 6,959,000 |
* 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 | 9,431,000 | 8,951,000 | 20,624,000 | 21,675,000 | 17,267,000 | 5,580,000 | 5,547,000 | 4,962,000 | 4,400,000 | 4,745,000 | 15,895,000 | 56,997,000 | 43,757,000 | 36,791,000 | 29,122,000 |
| Intangible Assets | 17,682,000 | 14,265,000 | |||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 186,000 | 144,000 | 195,000 | 10,404,000 | 50,757,000 | 36,626,000 | 29,150,000 | 20,403,000 | |||||||
| Total Fixed Assets | 27,113,000 | 23,216,000 | 20,438,000 | 21,531,000 | 17,072,000 | 5,580,000 | 5,547,000 | 4,962,000 | 4,400,000 | 4,745,000 | 15,895,000 | 56,997,000 | 43,757,000 | 36,791,000 | 29,122,000 |
| Stock & work in progress | 2,596,000 | 3,556,000 | 2,974,000 | 1,634,000 | 1,177,000 | 1,246,000 | 1,243,000 | 1,021,000 | 977,000 | 896,000 | 999,000 | 836,000 | 966,000 | 882,000 | 757,000 |
| Trade Debtors | 9,274,000 | 8,450,000 | 4,710,000 | 3,026,000 | 4,025,000 | 5,813,000 | 1,589,000 | 4,436,000 | |||||||
| Group Debtors | 8,556,000 | 12,671,000 | 4,997,000 | 9,302,000 | 6,837,000 | 7,120,000 | 8,313,000 | 354,000 | 10,717,000 | 6,387,000 | 3,857,000 | ||||
| Misc Debtors | 13,606,000 | 11,044,000 | 8,902,000 | 3,564,000 | 4,232,000 | 4,071,000 | 3,184,000 | 2,868,000 | 2,647,000 | 2,633,000 | 2,960,000 | 2,508,000 | 1,983,000 | 2,417,000 | 526,000 |
| Cash | 31,682,000 | 16,800,000 | 15,101,000 | 12,604,000 | 13,182,000 | 10,571,000 | 15,165,000 | 8,192,000 | 2,144,000 | 2,884,000 | 3,227,000 | 2,975,000 | 3,534,000 | 1,889,000 | 3,566,000 |
| misc current assets | |||||||||||||||
| total current assets | 56,440,000 | 44,071,000 | 31,974,000 | 27,104,000 | 25,428,000 | 23,008,000 | 27,905,000 | 21,355,000 | 14,572,000 | 21,840,000 | 10,212,000 | 10,344,000 | 12,296,000 | 13,164,000 | 13,142,000 |
| total assets | 83,553,000 | 67,287,000 | 52,412,000 | 48,635,000 | 42,500,000 | 28,588,000 | 33,452,000 | 26,317,000 | 18,972,000 | 26,585,000 | 26,107,000 | 67,341,000 | 56,053,000 | 49,955,000 | 42,264,000 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 2,968,000 | 1,921,000 | 3,751,000 | 2,952,000 | 3,004,000 | 2,763,000 | 2,958,000 | 2,392,000 | 2,771,000 | 2,503,000 | 2,263,000 | 2,608,000 | 2,366,000 | 2,800,000 | 2,282,000 |
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 25,900,000 | 15,231,000 | 9,410,000 | 11,306,000 | 11,372,000 | 5,129,000 | 4,003,000 | 4,113,000 | 5,147,000 | 8,035,000 | 12,010,000 | 18,842,000 | 16,334,000 | 17,614,000 | 19,334,000 |
| total current liabilities | 28,868,000 | 17,152,000 | 13,161,000 | 14,258,000 | 14,376,000 | 7,892,000 | 6,961,000 | 6,505,000 | 7,918,000 | 10,538,000 | 14,273,000 | 21,450,000 | 18,700,000 | 20,414,000 | 21,616,000 |
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 13,791,000 | 11,641,000 | 9,770,000 | 11,592,000 | 8,169,000 | 3,030,000 | 3,043,000 | 2,295,000 | |||||||
| provisions | 15,344,000 | 15,260,000 | 9,852,000 | 7,734,000 | 11,156,000 | 5,394,000 | 3,418,000 | 3,938,000 | 3,020,000 | 3,020,000 | 5,118,000 | 5,946,000 | 352,000 | 458,000 | 124,000 |
| total long term liabilities | 21,463,000 | 19,271,000 | 14,696,000 | 15,459,000 | 13,747,000 | 2,697,000 | 1,709,000 | 1,969,000 | 1,510,000 | 1,510,000 | 2,559,000 | 2,973,000 | 3,206,000 | 3,272,000 | 2,357,000 |
| total liabilities | 50,331,000 | 36,423,000 | 27,857,000 | 29,717,000 | 28,123,000 | 10,589,000 | 8,670,000 | 8,474,000 | 9,428,000 | 12,048,000 | 16,832,000 | 24,423,000 | 21,906,000 | 23,686,000 | 23,973,000 |
| net assets | 33,222,000 | 30,864,000 | 24,555,000 | 18,918,000 | 14,377,000 | 17,999,000 | 24,782,000 | 17,843,000 | 9,544,000 | 14,537,000 | 9,275,000 | 42,918,000 | 34,147,000 | 26,269,000 | 18,291,000 |
| total shareholders funds | 33,222,000 | 30,864,000 | 24,555,000 | 18,918,000 | 14,377,000 | 17,999,000 | 24,782,000 | 17,843,000 | 9,544,000 | 14,537,000 | 9,275,000 | 42,918,000 | 34,147,000 | 26,269,000 | 18,291,000 |
| 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 | 22,694,000 | 38,149,000 | 25,909,000 | 5,934,000 | 15,542,000 | 13,856,000 | 8,587,000 | 10,238,000 | 7,227,000 | 6,507,000 | 9,246,000 | 9,751,000 | 9,379,000 | 9,803,000 | 5,598,000 |
| Depreciation | 7,135,000 | 4,368,000 | 5,169,000 | 4,403,000 | 1,166,000 | 1,047,000 | 825,000 | 843,000 | 890,000 | 1,139,000 | 1,167,000 | 1,329,000 | 1,430,000 | 1,291,000 | 1,361,000 |
| Amortisation | |||||||||||||||
| Tax | -5,296,000 | -7,355,000 | -4,951,000 | -1,076,000 | -3,029,000 | -2,658,000 | -1,648,000 | -1,939,000 | -1,503,000 | -1,559,000 | -2,536,000 | -2,796,000 | -2,984,000 | -3,096,000 | -2,028,000 |
| Stock | -960,000 | 582,000 | 1,340,000 | 457,000 | -69,000 | 3,000 | 222,000 | 44,000 | 81,000 | -103,000 | 163,000 | -130,000 | 84,000 | 125,000 | 757,000 |
| Debtors | -1,553,000 | 9,630,000 | 1,075,000 | 1,746,000 | 73,000 | -306,000 | -645,000 | 691,000 | -6,609,000 | 1,670,000 | -40,900,000 | 12,868,000 | 4,879,000 | 10,321,000 | 29,222,000 |
| Creditors | 1,047,000 | -1,830,000 | 799,000 | -52,000 | 241,000 | -195,000 | 566,000 | -379,000 | 268,000 | 240,000 | -345,000 | 242,000 | -434,000 | 518,000 | 2,282,000 |
| Accruals and Deferred Income | 10,669,000 | 5,821,000 | -1,896,000 | -66,000 | 6,243,000 | 1,126,000 | -110,000 | -1,034,000 | -2,888,000 | -3,975,000 | -6,832,000 | 2,508,000 | -1,280,000 | -1,720,000 | 19,334,000 |
| Deferred Taxes & Provisions | 84,000 | 5,408,000 | 2,118,000 | -3,422,000 | 5,762,000 | 1,976,000 | -520,000 | 918,000 | -2,098,000 | -828,000 | 5,594,000 | -106,000 | 334,000 | 124,000 | |
| Cash flow from operations | 38,846,000 | 34,349,000 | 24,733,000 | 3,518,000 | 25,921,000 | 15,455,000 | 8,123,000 | 7,912,000 | 10,522,000 | -1,313,000 | 40,609,000 | 3,890,000 | 1,042,000 | -3,316,000 | -3,308,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 2,150,000 | 1,871,000 | -1,822,000 | 3,423,000 | 8,169,000 | -3,030,000 | -13,000 | 748,000 | 2,295,000 | ||||||
| share issue | |||||||||||||||
| interest | -40,000 | -285,000 | -321,000 | -317,000 | 58,000 | 19,000 | 163,000 | 1,647,000 | 1,816,000 | 1,483,000 | 1,271,000 | 436,000 | |||
| cash flow from financing | 2,110,000 | 2,386,000 | -2,143,000 | 3,106,000 | 7,034,000 | 19,000 | 163,000 | 1,647,000 | -1,214,000 | 1,470,000 | 2,019,000 | 17,016,000 | |||
| cash and cash equivalents | |||||||||||||||
| cash | 14,882,000 | 1,699,000 | 2,497,000 | -578,000 | 2,611,000 | -4,594,000 | 6,973,000 | 6,048,000 | -740,000 | -343,000 | 252,000 | -559,000 | 1,645,000 | -1,677,000 | 3,566,000 |
| overdraft | |||||||||||||||
| change in cash | 14,882,000 | 1,699,000 | 2,497,000 | -578,000 | 2,611,000 | -4,594,000 | 6,973,000 | 6,048,000 | -740,000 | -343,000 | 252,000 | -559,000 | 1,645,000 | -1,677,000 | 3,566,000 |
solus (london) limited Credit Report and Business Information
Solus (london) Limited Competitor Analysis
Perform a competitor analysis for solus (london) 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 NR1 area or any other competitors across 12 key performance metrics.
solus (london) limited Ownership
SOLUS (LONDON) LIMITED group structure
Solus (London) Limited has no subsidiary companies.
Ultimate parent company
2 parents
SOLUS (LONDON) LIMITED
03078842
solus (london) limited directors
Solus (London) Limited currently has 9 directors. The longest serving directors include Mr Simon Smith (Aug 2020) and Mr Simon Smith (Aug 2020).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Simon Smith | 51 years | Aug 2020 | - | Director | |
| Mr Simon Smith | 51 years | Aug 2020 | - | Director | |
| Mr Waseem Malik | 48 years | Mar 2022 | - | Director | |
| Mr Jonathan Santer | 40 years | Nov 2022 | - | Director | |
| Mr Peter Reilly | 57 years | Oct 2023 | - | Director | |
| Mr Finbar Conway | 32 years | Oct 2024 | - | Director | |
| Ms Rebecca Brown | 41 years | Oct 2024 | - | Director | |
| Mr John Lyons | 52 years | Oct 2024 | - | Director | |
| Ms Kerry Chilvers | 47 years | Feb 2025 | - | Director |
P&L
December 2023turnover
151.9m
0%
operating profit
22.7m
-41%
gross margin
50.7%
-1.63%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
33.2m
+0.08%
total assets
83.6m
+0.24%
cash
31.7m
+0.89%
net assets
Total assets minus all liabilities
solus (london) limited company details
company number
03078842
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
July 1995
age
30
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
carstar automotive limited (February 1997)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
8 surrey street, norwich, norfolk, NR1 3NG
Bank
NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
solus (london) 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 solus (london) limited. Currently there are 0 open charges and 5 have been satisfied in the past.
solus (london) 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 SOLUS (LONDON) LIMITED. This can take several minutes, an email will notify you when this has completed.
solus (london) limited Companies House Filings - See Documents
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