vehicle lease and service limited
vehicle lease and service limited Company Information
Company Number
03612397
Website
https://www.vls-ltd.comRegistered Address
centre for advanced industry, 3rd floor, royal quays, north tyneside, NE29 6DE
Industry
Renting and leasing of cars and light motor vehicles
Telephone
01912962400
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
northern water group commercial solutions limited 50%
northern electric plc 50%
vehicle lease and service limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE LEASE AND SERVICE LIMITED at £18m based on a Turnover of £17.3m and 1.04x industry multiple (adjusted for size and gross margin).
vehicle lease and service limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE LEASE AND SERVICE LIMITED at £17.3m based on an EBITDA of £5.6m and a 3.1x industry multiple (adjusted for size and gross margin).
vehicle lease and service limited Estimated Valuation
Pomanda estimates the enterprise value of VEHICLE LEASE AND SERVICE LIMITED at £13.5m based on Net Assets of £6.3m and 2.15x industry multiple (adjusted for liquidity).
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Vehicle Lease And Service Limited Overview
Vehicle Lease And Service Limited is a live company located in royal quays, NE29 6DE with a Companies House number of 03612397. It operates in the renting and leasing of cars and light motor vehicles sector, SIC Code 77110. Founded in August 1998, it's largest shareholder is northern water group commercial solutions limited with a 50% stake. Vehicle Lease And Service Limited is a mature, mid sized company, Pomanda has estimated its turnover at £17.3m with low growth in recent years.
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Vehicle Lease And Service Limited Health Check
Pomanda's financial health check has awarded Vehicle Lease And Service Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 2 areas for improvement. Company Health Check FAQs
4 Strong
5 Regular
2 Weak
Size
annual sales of £17.3m, make it larger than the average company (£10.7m)
£17.3m - Vehicle Lease And Service Limited
£10.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 4%, show it is growing at a similar rate (4%)
4% - Vehicle Lease And Service Limited
4% - Industry AVG
Production
with a gross margin of 34.2%, this company has a comparable cost of product (32.7%)
34.2% - Vehicle Lease And Service Limited
32.7% - Industry AVG
Profitability
an operating margin of 15.3% make it as profitable than the average company (13.5%)
15.3% - Vehicle Lease And Service Limited
13.5% - Industry AVG
Employees
with 76 employees, this is above the industry average (39)
76 - Vehicle Lease And Service Limited
39 - Industry AVG
Pay Structure
on an average salary of £48.6k, the company has an equivalent pay structure (£41.1k)
£48.6k - Vehicle Lease And Service Limited
£41.1k - Industry AVG
Efficiency
resulting in sales per employee of £228.2k, this is less efficient (£276.1k)
£228.2k - Vehicle Lease And Service Limited
£276.1k - Industry AVG
Debtor Days
it gets paid by customers after 10 days, this is earlier than average (40 days)
10 days - Vehicle Lease And Service Limited
40 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is quicker than average (25 days)
16 days - Vehicle Lease And Service Limited
25 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Vehicle Lease And Service Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 7 weeks, this is more cash available to meet short term requirements (4 weeks)
7 weeks - Vehicle Lease And Service Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 83%, this is a similar level of debt than the average (80.2%)
83% - Vehicle Lease And Service Limited
80.2% - Industry AVG
vehicle lease and service limited Credit Report and Business Information
Vehicle Lease And Service Limited Competitor Analysis
Perform a competitor analysis for vehicle lease and service limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
vehicle lease and service limited Ownership
VEHICLE LEASE AND SERVICE LIMITED group structure
Vehicle Lease And Service Limited has 1 subsidiary company.
vehicle lease and service limited directors
Vehicle Lease And Service Limited currently has 7 directors. The longest serving directors include Mr Neil Rutherford (Feb 2001) and Mr Richard Murray (Jan 2004).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neil Rutherford | 55 years | Feb 2001 | - | Director | |
| Mr Richard Murray | England | 57 years | Jan 2004 | - | Director |
| Mr Gareth Pearson | 57 years | Oct 2008 | - | Director | |
| Mr Daniel Keating | United Kingdom | 55 years | Mar 2009 | - | Director |
| Mr Stephen Lockwood | 58 years | Oct 2009 | - | Director | |
| Mr Stewart Hazon | England | 52 years | Mar 2010 | - | Director |
| Mrs Louise Bennett | United Kingdom | 38 years | Mar 2016 | - | Director |
VEHICLE LEASE AND SERVICE LIMITED financials
Vehicle Lease And Service Limited's latest turnover from December 2022 is £17.3 million and the company has net assets of £6.3 million. According to their latest financial statements, Vehicle Lease And Service Limited has 76 employees and maintains cash reserves of £1.9 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 | 17,346,006 | 15,995,490 | 15,372,993 | 15,472,127 | 15,484,820 | 14,715,716 | 15,007,414 | 14,249,716 | 14,034,769 | 14,479,952 | 14,144,680 | 13,670,648 | 13,323,017 | 13,686,160 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | |||||||||
| Cost Of Sales | 11,422,944 | 10,675,391 | 10,004,377 | 10,122,843 | 10,031,577 | |||||||||
| Gross Profit | 5,923,062 | 5,320,099 | 5,368,616 | 5,349,284 | 5,453,243 | |||||||||
| Admin Expenses | 3,265,035 | 2,747,927 | 2,748,700 | 2,887,752 | 3,140,041 | |||||||||
| Operating Profit | 2,658,027 | 2,572,172 | 2,619,916 | 2,461,532 | 2,313,202 | 2,240,582 | 2,069,484 | 2,123,305 | 1,810,620 | 1,864,929 | -12,215,239 | -11,771,989 | 1,957,418 | 1,805,290 |
| Interest Payable | 839,039 | 692,203 | 673,573 | 670,742 | 606,534 | 610,743 | 662,481 | 682,701 | 5,729 | 762,645 | 862,407 | 936,679 | 958,791 | 1,036,825 |
| Interest Receivable | 27 | 1,792 | 5,141 | 10,614 | 1,618 | 708 | 4,730 | 6,520 | 733,719 | 4,497 | 7,685 | 6,195 | 6,396 | 14,494 |
| Pre-Tax Profit | 1,819,015 | 1,881,761 | 1,951,484 | 1,801,404 | 1,708,286 | 1,630,547 | 1,411,733 | 1,447,124 | 1,082,630 | 1,106,781 | 1,074,719 | 968,175 | 1,005,023 | 782,959 |
| Tax | -588,489 | 4,519 | -271,712 | -278,407 | -316,685 | -248,198 | -394,215 | -465,651 | -243,800 | -292,604 | -265,151 | -267,093 | -257,064 | -217,809 |
| Profit After Tax | 1,230,526 | 1,886,280 | 1,679,772 | 1,522,997 | 1,391,601 | 1,382,349 | 1,017,518 | 981,473 | 838,830 | 814,177 | 809,568 | 701,082 | 747,959 | 565,150 |
| Dividends Paid | 0 | 0 | 1,522,997 | 1,391,601 | 1,382,349 | 1,017,518 | 981,473 | 1,025,826 | 814,177 | 809,568 | 701,082 | 747,959 | 565,150 | 595,148 |
| Retained Profit | 1,230,526 | 1,886,280 | 156,775 | 131,396 | 9,252 | 364,831 | 36,045 | -44,353 | 24,653 | 4,609 | 108,486 | -46,877 | 182,809 | -29,998 |
| Employee Costs | 3,695,556 | 3,581,740 | 3,548,370 | 3,632,961 | 3,671,706 | 3,322,343 | 3,217,570 | 3,033,182 | 2,972,458 | 2,817,077 | 2,722,104 | 2,590,930 | 2,445,343 | 2,598,187 |
| Number Of Employees | 76 | 78 | 78 | 79 | 78 | 76 | 76 | 74 | 71 | 71 | 70 | 69 | 69 | 73 |
| EBITDA* | 5,581,522 | 5,405,782 | 5,208,403 | 4,926,900 | 5,312,629 | 5,075,456 | 5,263,634 | 5,089,462 | 4,860,530 | 6,499,939 | -7,911,603 | -7,663,757 | 5,966,768 | 5,586,209 |
* 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 | 9,889,732 | 11,197,671 | 12,435,686 | 8,598,015 | 7,981,748 | 9,472,548 | 8,709,520 | 9,643,409 | 9,519,784 | 17,645,610 | 18,235,513 | 17,005,197 | 16,484,849 | 16,171,163 |
| Intangible Assets | 151,893 | 147,716 | 185,480 | 222,248 | 237,574 | 163,878 | 163,688 | 162,072 | 114,266 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 | 200 |
| Debtors (Due After 1 year) | 17,028,748 | 16,707,760 | 16,362,708 | 16,445,223 | 16,691,272 | 15,117,388 | 12,206,182 | 11,527,135 | 12,052,346 | 7,402,266 | 6,754,318 | 6,447,144 | 6,062,380 | 6,689,598 |
| Total Fixed Assets | 27,070,573 | 28,053,347 | 28,984,074 | 25,265,686 | 24,910,794 | 24,754,014 | 21,079,590 | 21,332,816 | 21,686,596 | 25,048,076 | 24,990,031 | 23,452,541 | 22,547,429 | 22,860,961 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 478,696 | 739,401 | 463,806 | 116,590 | 256,079 | 50,442 | 47,314 | 358,297 | 176,211 | 200,665 | 189,682 | 210,802 | 228,400 | 243,556 |
| Group Debtors | 325,868 | 150,274 | 397,293 | 604,391 | 640,351 | 1,347,359 | 3,718,444 | 3,040,699 | 3,718,883 | 1,221,579 | 1,891,391 | 5,345,684 | 3,265,733 | 2,045,756 |
| Misc Debtors | 7,209,983 | 7,058,070 | 5,964,316 | 6,573,611 | 5,707,073 | 5,706,365 | 5,266,059 | 5,149,032 | 5,000,903 | 3,052,297 | 3,090,011 | 3,222,474 | 2,964,048 | 2,809,854 |
| Cash | 1,899,844 | 2,252,689 | 2,087,155 | 3,662,001 | 2,228,752 | 1,019,420 | 1,266,042 | 3,183,247 | 1,706,397 | 3,133,518 | 2,713,324 | 928,293 | 505,364 | 1,545,762 |
| misc current assets | 0 | 0 | 0 | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 9,914,391 | 10,200,434 | 8,912,570 | 11,956,593 | 8,832,255 | 8,123,586 | 10,297,859 | 11,731,275 | 10,602,394 | 7,608,059 | 7,884,408 | 9,707,253 | 6,963,545 | 6,644,928 |
| total assets | 36,984,964 | 38,253,781 | 37,896,644 | 37,222,279 | 33,743,049 | 32,877,600 | 31,377,449 | 33,064,091 | 32,288,990 | 32,656,135 | 32,874,439 | 33,159,794 | 29,510,974 | 29,505,889 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 8,548,847 | 8,626,261 | 8,899,730 | 8,268,912 | 7,342,307 | 6,814,139 | 6,701,504 | 7,172,036 | 6,808,225 | 6,813,138 | 7,154,079 | 6,621,744 | 6,202,545 | 5,815,726 |
| Trade Creditors | 517,855 | 2,220,810 | 785,899 | 1,883,858 | 391,113 | 549,413 | 206,465 | 623,177 | 642,492 | 109,594 | 466,919 | 88,345 | 176,480 | 248,499 |
| Group/Directors Accounts | 1,819,014 | 1,902,673 | 2,233,176 | 2,061,556 | 1,940,875 | 1,947,506 | 1,211,900 | 1,740,146 | 1,407,293 | 1,266,560 | 1,246,210 | 1,126,844 | 1,115,956 | 1,162,810 |
| 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 | 1,771,822 | 1,949,025 | 1,408,200 | 992,744 | 1,941,380 | 2,332,425 | 3,208,984 | 3,094,043 | 2,090,936 | 1,728,357 | 1,541,154 | 2,385,867 | 1,335,475 | 2,066,770 |
| total current liabilities | 12,657,538 | 14,698,769 | 13,327,005 | 13,207,070 | 11,615,675 | 11,643,483 | 11,328,853 | 12,629,402 | 10,948,946 | 9,917,649 | 10,408,362 | 10,222,800 | 8,830,456 | 9,293,805 |
| loans | 15,873,959 | 14,374,574 | 16,410,082 | 16,003,377 | 14,319,555 | 13,424,005 | 12,570,353 | 12,743,611 | 13,101,353 | 14,144,921 | 14,037,466 | 14,640,310 | 12,284,647 | 12,154,089 |
| hp & lease commitments | 1,527,938 | 1,582,737 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 1,305,581 | 1,255,591 | 1,123,934 | 1,077,255 | 1,012,619 | 1,155,562 | 1,565,453 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,911,615 | 1,751,270 | 1,727,829 | 1,780,139 | 1,625,072 |
| total long term liabilities | 18,053,494 | 16,658,108 | 18,475,500 | 18,077,845 | 16,321,406 | 15,437,401 | 14,616,711 | 15,038,849 | 15,899,851 | 16,056,536 | 15,788,736 | 16,368,139 | 14,064,786 | 13,779,161 |
| total liabilities | 30,711,032 | 31,356,877 | 31,802,505 | 31,284,915 | 27,937,081 | 27,080,884 | 25,945,564 | 27,668,251 | 26,848,797 | 25,974,185 | 26,197,098 | 26,590,939 | 22,895,242 | 23,072,966 |
| net assets | 6,273,932 | 6,896,904 | 6,094,139 | 5,937,364 | 5,805,968 | 5,796,716 | 5,431,885 | 5,395,840 | 5,440,193 | 6,681,950 | 6,677,341 | 6,568,855 | 6,615,732 | 6,432,923 |
| total shareholders funds | 6,273,932 | 6,896,904 | 6,094,139 | 5,937,364 | 5,805,968 | 5,796,716 | 5,431,885 | 5,395,840 | 5,440,193 | 6,681,950 | 6,677,341 | 6,568,855 | 6,615,732 | 6,432,923 |
| 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 | 2,658,027 | 2,572,172 | 2,619,916 | 2,461,532 | 2,313,202 | 2,240,582 | 2,069,484 | 2,123,305 | 1,810,620 | 1,864,929 | -12,215,239 | -11,771,989 | 1,957,418 | 1,805,290 |
| Depreciation | 2,903,266 | 2,795,846 | 2,550,723 | 2,427,705 | 2,963,998 | 2,834,874 | 3,194,150 | 2,966,157 | 3,049,910 | 4,635,010 | 4,303,636 | 4,108,232 | 4,009,350 | 3,780,919 |
| Amortisation | 20,229 | 37,764 | 37,764 | 37,663 | 35,429 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -588,489 | 4,519 | -271,712 | -278,407 | -316,685 | -248,198 | -394,215 | -465,651 | -243,800 | -292,604 | -265,151 | -267,093 | -257,064 | -217,809 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 387,790 | 1,467,382 | -551,692 | 445,040 | 1,073,221 | 983,555 | 1,162,836 | -873,180 | 9,071,536 | -48,595 | -3,300,702 | 2,705,543 | 731,797 | 11,788,764 |
| Creditors | -1,702,955 | 1,434,911 | -1,097,959 | 1,492,745 | -158,300 | 342,948 | -416,712 | -19,315 | 532,898 | -357,325 | 378,574 | -88,135 | -72,019 | 248,499 |
| Accruals and Deferred Income | -177,203 | -764,756 | 465,446 | -816,979 | -344,366 | -811,923 | -28,002 | 593,216 | 1,928,032 | 187,203 | -844,713 | 1,050,392 | -731,295 | 2,066,770 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,911,615 | 160,345 | 23,441 | -52,310 | 155,067 | 1,625,072 |
| Cash flow from operations | 2,725,085 | 4,613,074 | 4,855,870 | 4,879,219 | 3,420,057 | 3,374,728 | 3,261,869 | 6,070,892 | -3,905,491 | 6,246,153 | -5,318,750 | -9,726,446 | 4,329,660 | -2,480,023 |
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | -6,236,465 | -12,305,035 | -8,123,302 | -18,872,151 | -4,229,799 | -7,316,807 | -8,537,884 | -7,864,040 | -6,341,857 | -8,326,727 |
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 200 |
| cash flow from investments | 0 | 0 | 0 | 0 | -6,236,465 | -12,305,035 | -8,123,302 | -18,872,151 | -4,229,799 | -7,316,807 | -8,537,884 | -7,864,040 | -6,341,857 | -8,326,927 |
| Financing Activities | ||||||||||||||
| Bank loans | -77,414 | -273,469 | 630,818 | 926,605 | 528,168 | 112,635 | -470,532 | 363,811 | -4,913 | -340,941 | 532,335 | 419,199 | 386,819 | 5,815,726 |
| Group/Directors Accounts | -83,659 | -330,503 | 171,620 | 120,681 | -6,631 | 735,606 | -528,246 | 332,853 | 140,733 | 20,350 | 119,366 | 10,888 | -46,854 | 1,162,810 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 1,499,385 | -2,035,508 | 406,705 | 1,683,822 | 895,550 | 853,652 | -173,258 | -357,742 | -1,043,568 | 107,455 | -602,844 | 2,355,663 | 130,558 | 12,154,089 |
| Hire Purchase and Lease Commitments | -54,799 | 1,582,737 | 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 | -839,012 | -690,411 | -668,432 | -660,128 | -604,916 | -610,035 | -657,751 | -676,181 | 727,990 | -758,148 | -854,722 | -930,484 | -952,395 | -1,022,331 |
| cash flow from financing | -1,408,997 | -2,830,669 | 540,711 | 2,070,980 | 812,171 | 1,091,858 | -1,829,787 | -337,259 | -1,446,168 | -971,284 | -805,865 | 1,855,266 | -481,872 | 24,573,215 |
| cash and cash equivalents | ||||||||||||||
| cash | -352,845 | 165,534 | -1,574,846 | 1,433,249 | 1,209,332 | -246,622 | -1,917,205 | 1,476,850 | -1,427,121 | 420,194 | 1,785,031 | 422,929 | -1,040,398 | 1,545,762 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -352,845 | 165,534 | -1,574,846 | 1,433,249 | 1,209,332 | -246,622 | -1,917,205 | 1,476,850 | -1,427,121 | 420,194 | 1,785,031 | 422,929 | -1,040,398 | 1,545,762 |
P&L
December 2022turnover
17.3m
+8%
operating profit
2.7m
+3%
gross margin
34.2%
+2.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
6.3m
-0.09%
total assets
37m
-0.03%
cash
1.9m
-0.16%
net assets
Total assets minus all liabilities
Similar Companies
vehicle lease and service limited company details
company number
03612397
Type
Private limited with Share Capital
industry
77110 - Renting and leasing of cars and light motor vehicles
incorporation date
August 1998
age
26
accounts
Full Accounts
ultimate parent company
previous names
crossco (360) limited (November 1998)
incorporated
UK
address
centre for advanced industry, 3rd floor, royal quays, north tyneside, NE29 6DE
last accounts submitted
December 2022
vehicle lease and service 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 51 charges/mortgages relating to vehicle lease and service limited. Currently there are 14 open charges and 37 have been satisfied in the past.
vehicle lease and service limited Companies House Filings - See Documents
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