diesels limited

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diesels limited Company Information

Share DIESELS LIMITED
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MatureMidDeclining

Company Number

03152251

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

£1.7m

Pomanda estimates the enterprise value of DIESELS LIMITED at £1.7m based on a Turnover of £6.4m and 0.26x industry multiple (adjusted for size and gross margin).

diesels limited Estimated Valuation

£145.1k

Pomanda estimates the enterprise value of DIESELS LIMITED at £145.1k based on an EBITDA of £36.2k and a 4x industry multiple (adjusted for size and gross margin).

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 Overview

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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Diesels Limited Health Check

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 Check Image
Health Rating5out of 5
positive_score

5 Strong

positive_score

4 Regular

positive_score

3 Weak

size

Size

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

£6.4m - Diesels Limited

£2.6m - Industry AVG

growth

Growth

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

-12% - Diesels Limited

7.9% - Industry AVG

production

Production

with a gross margin of 11.7%, this company has a comparable cost of product (11.7%)

11.7% - Diesels Limited

11.7% - Industry AVG

profitability

Profitability

an operating margin of -0.3% make it less profitable than the average company (3%)

-0.3% - Diesels Limited

3% - Industry AVG

employees

Employees

with 12 employees, this is above the industry average (6)

12 - Diesels Limited

6 - Industry AVG

paystructure

Pay Structure

on an average salary of £31.4k, the company has an equivalent pay structure (£31.4k)

£31.4k - Diesels Limited

£31.4k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £533.6k, this is more efficient (£452.6k)

£533.6k - Diesels Limited

£452.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 20 days, this is later than average (10 days)

20 days - Diesels Limited

10 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 15 days, this is close to average (16 days)

15 days - Diesels Limited

16 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 57 days, this is in line with average (66 days)

57 days - Diesels Limited

66 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 56 weeks, this is more cash available to meet short term requirements (10 weeks)

56 weeks - Diesels Limited

10 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 21.2%, this is a lower level of debt than the average (68.4%)

21.2% - Diesels Limited

68.4% - Industry AVG

DIESELS LIMITED financials

EXPORTms excel logo

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 HousePomanda Estimates

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Turnover6,402,8585,017,4624,967,0419,433,62110,996,7538,496,7588,815,12310,268,9118,344,2679,319,5507,718,8648,784,46814,780,02911,347,904
Other Income Or Grants00000000000000
Cost Of Sales5,652,7504,437,9344,395,0038,329,6549,717,8427,522,8187,783,0058,884,5997,278,4118,200,2226,833,3867,730,98112,926,5479,932,635
Gross Profit750,108579,528572,0381,103,9671,278,912973,9401,032,1181,384,3121,065,8561,119,328885,4781,053,4871,853,4821,415,269
Admin Expenses767,072664,485628,089815,8431,380,890832,331804,9611,157,329865,147938,403943,9231,016,7481,919,239-137,421
Operating Profit-16,964-84,957-56,051288,124-101,978141,609227,157226,983200,709180,925-58,44536,739-65,7571,552,690
Interest Payable00000000000000
Interest Receivable19,1161,6476023,2433,0101,7999191,47361522442144801660
Pre-Tax Profit2,152-83,310-55,449291,367-98,968143,407228,076228,456201,324181,149-58,40336,882-64,9561,553,350
Tax-40900-55,3600-27,247-45,615-45,691-42,278-41,6640-9,5890-434,938
Profit After Tax1,743-83,310-55,449236,007-98,968116,160182,461182,765159,046139,485-58,40327,293-64,9561,118,412
Dividends Paid00000000000000
Retained Profit1,743-83,310-55,449236,007-98,968116,160182,461182,765159,046139,485-58,40327,293-64,9561,118,412
Employee Costs376,993483,254601,706927,428922,219929,549946,577772,831507,784583,846536,267605,4031,033,465755,110
Number Of Employees1216213232333429192321244027
EBITDA*36,224-52,316-19,917330,174-68,402178,382263,981270,806247,541215,546-18,48778,809-18,2901,624,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Tangible Assets492,123468,418486,651505,411484,737497,849503,897529,971543,593513,207534,211544,846565,646597,531
Intangible Assets22,50037,50052,50067,50082,50097,500112,500127,500142,500157,500172,500187,500202,500217,500
Investments & Other44444444292960,00460,00460,00460,004
Debtors (Due After 1 year)00000000000000
Total Fixed Assets514,627505,922539,155572,915567,241595,353616,401657,475686,122670,736766,715792,350828,150875,035
Stock & work in progress889,890706,508655,298816,011660,855559,613697,440486,338654,132529,205421,911485,095549,897523,334
Trade Debtors360,178201,175215,445433,714529,657315,822273,948433,328334,598378,021296,566345,829485,241359,494
Group Debtors00000000000000
Misc Debtors6,41882,453142,026332,506192,305406,885258,691196,374052,4487,52531,42500
Cash515,230577,114740,851463,977400,833401,845317,691417,421171,77674,23015,4161,22556,240264,023
misc current assets00000000000000
total current assets1,771,7161,567,2501,753,6202,046,2081,783,6501,684,1651,547,7701,533,4611,160,5061,033,904741,418863,5741,091,3781,146,851
total assets2,286,3432,073,1722,292,7752,619,1232,350,8912,279,5182,164,1712,190,9361,846,6281,704,6401,508,1331,655,9241,919,5282,021,886
Bank overdraft00000000000000
Bank loan00000000000000
Trade Creditors 234,985133,947170,801359,822385,553183,343246,220418,095412,091437,734377,449455,440725,497741,096
Group/Directors Accounts00000000000000
other short term finances00000000000000
hp & lease commitments00000000000000
other current liabilities235,819134,094230,993310,500254,890285,175223,010255,680000000
total current liabilities470,804268,041401,794670,322640,443468,518469,230673,775412,091437,734377,449455,440725,497741,096
loans00000000000000
hp & lease commitments00000000000000
Accruals and Deferred Income00000000000000
other liabilities0000000000012,33530,43249,875
provisions13,2034,5387,0789,4497,1038,6878,78813,46915,1605,3757,4385,3006,8438,003
total long term liabilities13,2034,5387,0789,4497,1038,6878,78813,46915,1605,3757,43817,63537,27557,878
total liabilities484,007272,579408,872679,771647,546477,205478,018687,244427,251443,109384,887473,075762,772798,974
net assets1,802,3361,800,5931,883,9031,939,3521,703,3451,802,3131,686,1531,503,6921,419,3771,261,5311,123,2461,182,8491,156,7561,222,912
total shareholders funds1,802,3361,800,5931,883,9031,939,3521,703,3451,802,3131,686,1531,503,6921,419,3771,261,5311,123,2461,182,8491,156,7561,222,912
Jan 2023Jan 2022Jan 2021Jan 2020Jan 2019Jan 2018Jan 2017Jan 2016Jan 2015Jan 2014Jan 2013Jan 2012Jan 2011Jan 2010
Operating Activities
Operating Profit-16,964-84,957-56,051288,124-101,978141,609227,157226,983200,709180,925-58,44536,739-65,7571,552,690
Depreciation38,18817,64121,13427,05018,57621,77321,82428,82331,83219,62124,95827,07032,46741,310
Amortisation15,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00015,00030,000
Tax-40900-55,3600-27,247-45,615-45,691-42,278-41,6640-9,5890-434,938
Stock183,38251,210-160,713155,156101,242-137,827211,102-167,794124,927107,294-63,184-64,80226,563523,334
Debtors82,968-73,843-408,74944,258-745190,068-97,063295,104-95,871126,378-73,163-107,987125,747359,494
Creditors101,038-36,854-189,021-25,731202,210-62,877-171,8756,004-25,64360,285-77,991-270,057-15,599741,096
Accruals and Deferred Income101,725-96,899-79,50755,610-30,28562,165-32,670255,680000000
Deferred Taxes & Provisions8,665-2,540-2,3712,346-1,584-101-4,681-1,6919,785-2,0632,138-1,543-1,1608,003
Cash flow from operations-19,107-165,976278,646107,6251,44298,081-104,899357,798160,349-1,56842,007-29,591-187,3591,055,333
Investing Activities
capital expenditure-61,893592-2,374-47,724-5,464-15,7254,250-15,201-62,2181,383-14,323-6,270-582-886,341
Change in Investments0000000-250-59,97500060,004
cash flow from investments-61,893592-2,374-47,724-5,464-15,7254,250-15,176-62,21861,358-14,323-6,270-582-946,345
Financing Activities
Bank loans00000000000000
Group/Directors Accounts00000000000000
Other Short Term Loans 00000000000000
Long term loans00000000000000
Hire Purchase and Lease Commitments00000000000000
other long term liabilities0000000000-12,335-18,097-19,44349,875
share issue0000000-98,450-1,200-1,200-1,200-1,200-1,200104,500
interest19,1161,6476023,2433,0101,7999191,47361522442144801660
cash flow from financing19,1161,6476023,2433,0101,799919-96,977-585-976-13,493-19,153-19,842155,035
cash and cash equivalents
cash-61,884-163,737276,87463,144-1,01284,154-99,730245,64597,54658,81414,191-55,015-207,783264,023
overdraft00000000000000
change in cash-61,884-163,737276,87463,144-1,01284,154-99,730245,64597,54658,81414,191-55,015-207,783264,023

diesels limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Diesels Limited Competitor Analysis

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diesels limited Ownership

DIESELS LIMITED group structure

Diesels Limited has 4 subsidiary companies.

DIESELS LIMITED Shareholders

robert palmer 100%

diesels limited directors

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

officercountryagestartendrole
Mr Robert Palmer58 years Jan 1996- Director

P&L

January 2023

turnover

6.4m

+28%

operating profit

-17k

0%

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

0%

total assets

2.3m

+0.1%

cash

515.2k

-0.11%

net assets

Total assets minus all liabilities

diesels limited company details

company number

03152251

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

January 1996

age

28

accounts

Small Company

ultimate parent company

None

previous names

exeter diesels limited (September 2001)

incorporated

UK

address

10 marsh barton road, exeter, EX2 8LW

last accounts submitted

January 2023

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

charges

diesels limited Companies House Filings - See Documents

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