Diesels Limited

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diesels limited Company Information

Live

MatureMidDeclining

Company Number

03152251

Website

www.diesels.co.uk

Registered Address

10 marsh barton road, exeter, EX2 8LW

Industry

Sale of used cars and light motor vehicles

Telephone

01392206306

Next Accounts Due

October 2024

Group Structure

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Directors

Robert Palmer28 Years

Shareholders

robert palmer 100%

diesels limited Estimated Valuation

£4.8m

Pomanda estimates the enterprise value of DIESELS LIMITED at £4.8m based on Net Assets of £1.8m and 2.67x industry multiple (adjusted for liquidity).

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Diesels Limited is a live company located in exeter, EX2 8LW with a Companies House number of 03152251. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in January 1996, it's largest shareholder is robert palmer with a 100% stake. Diesels Limited is a mature, mid sized company, Pomanda has estimated its turnover at £6.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Diesels Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

4 Regular

3 Weak

Size

annual sales of £6.4m, make it larger than the average company (£2.6m)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (7.9%)

EXPORT

Diesels Limited's latest turnover from January 2023 is estimated at £6.4 million and the company has net assets of £1.8 million. According to their latest financial statements, Diesels Limited has 12 employees and maintains cash reserves of £515.2 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Turnover	6,402,858	5,017,462	4,967,041	9,433,621	10,996,753	8,496,758	8,815,123	10,268,911	8,344,267	9,319,550	7,718,864	8,784,468	14,780,029	11,347,904
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	5,652,750	4,437,934	4,395,003	8,329,654	9,717,842	7,522,818	7,783,005	8,884,599	7,278,411	8,200,222	6,833,386	7,730,981	12,926,547	9,932,635
Gross Profit	750,108	579,528	572,038	1,103,967	1,278,912	973,940	1,032,118	1,384,312	1,065,856	1,119,328	885,478	1,053,487	1,853,482	1,415,269
Admin Expenses	767,072	664,485	628,089	815,843	1,380,890	832,331	804,961	1,157,329	865,147	938,403	943,923	1,016,748	1,919,239	-137,421
Operating Profit	-16,964	-84,957	-56,051	288,124	-101,978	141,609	227,157	226,983	200,709	180,925	-58,445	36,739	-65,757	1,552,690
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	19,116	1,647	602	3,243	3,010	1,799	919	1,473	615	224	42	144	801	660
Pre-Tax Profit	2,152	-83,310	-55,449	291,367	-98,968	143,407	228,076	228,456	201,324	181,149	-58,403	36,882	-64,956	1,553,350
Tax	-409	0	0	-55,360	0	-27,247	-45,615	-45,691	-42,278	-41,664	0	-9,589	0	-434,938
Profit After Tax	1,743	-83,310	-55,449	236,007	-98,968	116,160	182,461	182,765	159,046	139,485	-58,403	27,293	-64,956	1,118,412
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	1,743	-83,310	-55,449	236,007	-98,968	116,160	182,461	182,765	159,046	139,485	-58,403	27,293	-64,956	1,118,412
Employee Costs	376,993	483,254	601,706	927,428	922,219	929,549	946,577	772,831	507,784	583,846	536,267	605,403	1,033,465	755,110
Number Of Employees	12	16	21	32	32	33	34	29	19	23	21	24	40	27
EBITDA*	36,224	-52,316	-19,917	330,174	-68,402	178,382	263,981	270,806	247,541	215,546	-18,487	78,809	-18,290	1,624,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Tangible Assets	492,123	468,418	486,651	505,411	484,737	497,849	503,897	529,971	543,593	513,207	534,211	544,846	565,646	597,531
Intangible Assets	22,500	37,500	52,500	67,500	82,500	97,500	112,500	127,500	142,500	157,500	172,500	187,500	202,500	217,500
Investments & Other	4	4	4	4	4	4	4	4	29	29	60,004	60,004	60,004	60,004
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	514,627	505,922	539,155	572,915	567,241	595,353	616,401	657,475	686,122	670,736	766,715	792,350	828,150	875,035
Stock & work in progress	889,890	706,508	655,298	816,011	660,855	559,613	697,440	486,338	654,132	529,205	421,911	485,095	549,897	523,334
Trade Debtors	360,178	201,175	215,445	433,714	529,657	315,822	273,948	433,328	334,598	378,021	296,566	345,829	485,241	359,494
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	6,418	82,453	142,026	332,506	192,305	406,885	258,691	196,374	0	52,448	7,525	31,425	0	0
Cash	515,230	577,114	740,851	463,977	400,833	401,845	317,691	417,421	171,776	74,230	15,416	1,225	56,240	264,023
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	1,771,716	1,567,250	1,753,620	2,046,208	1,783,650	1,684,165	1,547,770	1,533,461	1,160,506	1,033,904	741,418	863,574	1,091,378	1,146,851
total assets	2,286,343	2,073,172	2,292,775	2,619,123	2,350,891	2,279,518	2,164,171	2,190,936	1,846,628	1,704,640	1,508,133	1,655,924	1,919,528	2,021,886
Bank overdraft	0	0	0	0	0	0	0	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	234,985	133,947	170,801	359,822	385,553	183,343	246,220	418,095	412,091	437,734	377,449	455,440	725,497	741,096
Group/Directors Accounts	0	0	0	0	0	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	0	0	0	0	0	0	0	0
other current liabilities	235,819	134,094	230,993	310,500	254,890	285,175	223,010	255,680	0	0	0	0	0	0
total current liabilities	470,804	268,041	401,794	670,322	640,443	468,518	469,230	673,775	412,091	437,734	377,449	455,440	725,497	741,096
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	12,335	30,432	49,875
provisions	13,203	4,538	7,078	9,449	7,103	8,687	8,788	13,469	15,160	5,375	7,438	5,300	6,843	8,003
total long term liabilities	13,203	4,538	7,078	9,449	7,103	8,687	8,788	13,469	15,160	5,375	7,438	17,635	37,275	57,878
total liabilities	484,007	272,579	408,872	679,771	647,546	477,205	478,018	687,244	427,251	443,109	384,887	473,075	762,772	798,974
net assets	1,802,336	1,800,593	1,883,903	1,939,352	1,703,345	1,802,313	1,686,153	1,503,692	1,419,377	1,261,531	1,123,246	1,182,849	1,156,756	1,222,912
total shareholders funds	1,802,336	1,800,593	1,883,903	1,939,352	1,703,345	1,802,313	1,686,153	1,503,692	1,419,377	1,261,531	1,123,246	1,182,849	1,156,756	1,222,912

	Jan 2023	Jan 2022	Jan 2021	Jan 2020	Jan 2019	Jan 2018	Jan 2017	Jan 2016	Jan 2015	Jan 2014	Jan 2013	Jan 2012	Jan 2011	Jan 2010
Operating Activities
Operating Profit	-16,964	-84,957	-56,051	288,124	-101,978	141,609	227,157	226,983	200,709	180,925	-58,445	36,739	-65,757	1,552,690
Depreciation	38,188	17,641	21,134	27,050	18,576	21,773	21,824	28,823	31,832	19,621	24,958	27,070	32,467	41,310
Amortisation	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	15,000	30,000
Tax	-409	0	0	-55,360	0	-27,247	-45,615	-45,691	-42,278	-41,664	0	-9,589	0	-434,938
Stock	183,382	51,210	-160,713	155,156	101,242	-137,827	211,102	-167,794	124,927	107,294	-63,184	-64,802	26,563	523,334
Debtors	82,968	-73,843	-408,749	44,258	-745	190,068	-97,063	295,104	-95,871	126,378	-73,163	-107,987	125,747	359,494
Creditors	101,038	-36,854	-189,021	-25,731	202,210	-62,877	-171,875	6,004	-25,643	60,285	-77,991	-270,057	-15,599	741,096
Accruals and Deferred Income	101,725	-96,899	-79,507	55,610	-30,285	62,165	-32,670	255,680	0	0	0	0	0	0
Deferred Taxes & Provisions	8,665	-2,540	-2,371	2,346	-1,584	-101	-4,681	-1,691	9,785	-2,063	2,138	-1,543	-1,160	8,003
Cash flow from operations	-19,107	-165,976	278,646	107,625	1,442	98,081	-104,899	357,798	160,349	-1,568	42,007	-29,591	-187,359	1,055,333
Investing Activities
capital expenditure	-61,893	592	-2,374	-47,724	-5,464	-15,725	4,250	-15,201	-62,218	1,383	-14,323	-6,270	-582	-886,341
Change in Investments	0	0	0	0	0	0	0	-25	0	-59,975	0	0	0	60,004
cash flow from investments	-61,893	592	-2,374	-47,724	-5,464	-15,725	4,250	-15,176	-62,218	61,358	-14,323	-6,270	-582	-946,345
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	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	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	-12,335	-18,097	-19,443	49,875
share issue	0	0	0	0	0	0	0	-98,450	-1,200	-1,200	-1,200	-1,200	-1,200	104,500
interest	19,116	1,647	602	3,243	3,010	1,799	919	1,473	615	224	42	144	801	660
cash flow from financing	19,116	1,647	602	3,243	3,010	1,799	919	-96,977	-585	-976	-13,493	-19,153	-19,842	155,035
cash and cash equivalents
cash	-61,884	-163,737	276,874	63,144	-1,012	84,154	-99,730	245,645	97,546	58,814	14,191	-55,015	-207,783	264,023
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	-61,884	-163,737	276,874	63,144	-1,012	84,154	-99,730	245,645	97,546	58,814	14,191	-55,015	-207,783	264,023

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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DIESELS LIMITED group structure

Diesels Limited has 4 subsidiary companies.

Ultimate parent company

DIESELS LIMITED

03152251

4 subsidiaries

EXETER PETROLS LIMITED

04064753

PLYMOUTH DIESELS LIMITED

04260325

EXETER DIESELS LIMITED

04263176

EXETER DIRECT LIMITED

04064751

DIESELS LIMITED Shareholders

robert palmer

100%

Diesels Limited currently has 1 director, Mr Robert Palmer serving since Jan 1996.

officer	country	age	start	end	role
Mr Robert Palmer		58 years	Jan 1996	-	Director

P&L

January 2023

turnover

6.4m

+28%

operating profit

-17k

gross margin

11.8%

+1.43%

turnover

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

Balance Sheet

January 2023

net assets

1.8m

total assets

2.3m

+0.1%

cash

515.2k

-0.11%

net assets

Total assets minus all liabilities

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company number

03152251

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

January 1996

age

accounts

Small Company

ultimate parent company

None

previous names

exeter diesels limited (September 2001)

incorporated

address

10 marsh barton road, exeter, EX2 8LW

last accounts submitted

January 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 6 charges/mortgages relating to diesels limited. Currently there are 4 open charges and 2 have been satisfied in the past.

diesels limited Company Information

diesels limited Estimated Valuation

diesels limited Estimated Valuation

diesels limited Estimated Valuation

Diesels Limited Overview

Diesels Limited Health Check

DIESELS LIMITED financials

diesels limited Credit Report and Business Information

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diesels limited Ownership

diesels limited directors

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diesels limited Companies House Filings - See Documents