neos automotive limited
neos automotive limited Company Information
Company Number
03700523
Next Accounts
835 days late
Shareholders
neos international limited
Group Structure
View All
Industry
Manufacture of other fabricated metal products n.e.c.
Registered Address
6th floor 2london wall place, london, EC2Y 5AU
Website
www.qfs.uk.comneos automotive limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS AUTOMOTIVE LIMITED at £1.9m based on a Turnover of £3.7m and 0.51x industry multiple (adjusted for size and gross margin).
neos automotive limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS AUTOMOTIVE LIMITED at £0 based on an EBITDA of £-486.1k and a 3.98x industry multiple (adjusted for size and gross margin).
neos automotive limited Estimated Valuation
Pomanda estimates the enterprise value of NEOS AUTOMOTIVE LIMITED at £19.1m based on Net Assets of £9.8m and 1.96x industry multiple (adjusted for liquidity).
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Neos Automotive Limited Overview
Neos Automotive Limited is a live company located in london, EC2Y 5AU with a Companies House number of 03700523. It operates in the manufacture of other fabricated metal products n.e.c. sector, SIC Code 25990. Founded in January 1999, it's largest shareholder is neos international limited with a 100% stake. Neos Automotive Limited is a mature, small sized company, Pomanda has estimated its turnover at £3.7m with declining growth in recent years.
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Neos Automotive Limited Health Check
Pomanda's financial health check has awarded Neos Automotive Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
2 Regular
7 Weak
Size
annual sales of £3.7m, make it smaller than the average company (£9.5m)
£3.7m - Neos Automotive Limited
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (-0.8%)
- Neos Automotive Limited
-0.8% - Industry AVG
Production
with a gross margin of 27.6%, this company has a comparable cost of product (28.9%)
27.6% - Neos Automotive Limited
28.9% - Industry AVG
Profitability
an operating margin of -18.9% make it less profitable than the average company (4.4%)
-18.9% - Neos Automotive Limited
4.4% - Industry AVG
Employees
with 53 employees, this is below the industry average (73)
53 - Neos Automotive Limited
73 - Industry AVG
Pay Structure
on an average salary of £39.8k, the company has an equivalent pay structure (£35.3k)
£39.8k - Neos Automotive Limited
£35.3k - Industry AVG
Efficiency
resulting in sales per employee of £69.7k, this is less efficient (£117.9k)
£69.7k - Neos Automotive Limited
£117.9k - Industry AVG
Debtor Days
it gets paid by customers after 122 days, this is later than average (63 days)
122 days - Neos Automotive Limited
63 days - Industry AVG
Creditor Days
its suppliers are paid after 121 days, this is slower than average (49 days)
121 days - Neos Automotive Limited
49 days - Industry AVG
Stock Days
it holds stock equivalent to 31 days, this is less than average (62 days)
31 days - Neos Automotive Limited
62 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 1 weeks, this is less cash available to meet short term requirements (18 weeks)
1 weeks - Neos Automotive Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 34.5%, this is a lower level of debt than the average (49.6%)
34.5% - Neos Automotive Limited
49.6% - Industry AVG
NEOS AUTOMOTIVE LIMITED financials
Neos Automotive Limited's latest turnover from March 2021 is £3.7 million and the company has net assets of £9.8 million. According to their latest financial statements, Neos Automotive Limited has 53 employees and maintains cash reserves of £65.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 3,694,603 | 5,844,227 | 10,112,905 | 7,231,043 | ||||||||
| Other Income Or Grants | ||||||||||||
| Cost Of Sales | 2,676,876 | |||||||||||
| Gross Profit | 1,017,727 | |||||||||||
| Admin Expenses | 1,715,377 | |||||||||||
| Operating Profit | -697,650 | 998,460 | 5,160,630 | 3,527,874 | ||||||||
| Interest Payable | 120,425 | 7,200 | 19,392 | 25,977 | ||||||||
| Interest Receivable | 9 | 37 | ||||||||||
| Pre-Tax Profit | -818,066 | 991,260 | 5,141,275 | 3,501,897 | ||||||||
| Tax | 495,658 | -202,627 | -100,220 | -444,000 | ||||||||
| Profit After Tax | -322,408 | 788,633 | 5,041,055 | 3,057,897 | ||||||||
| Dividends Paid | 3,064,200 | 858,900 | 607,500 | |||||||||
| Retained Profit | -322,408 | -2,275,567 | 4,182,155 | 2,450,397 | ||||||||
| Employee Costs | 2,107,773 | 1,770,045 | 1,693,251 | 1,623,109 | ||||||||
| Number Of Employees | 53 | 60 | 49 | 43 | 40 | 43 | 43 | 45 | ||||
| EBITDA* | -486,109 | 1,275,894 | 5,509,267 | 3,737,712 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 1,372,789 | 745,261 | 916,827 | 971,074 | 674,565 | 866,438 | 1,069,238 | 1,239,710 | 781,398 | 563,686 | 170,175 | 236,039 |
| Intangible Assets | 7,500 | 22,500 | ||||||||||
| Investments & Other | ||||||||||||
| Debtors (Due After 1 year) | ||||||||||||
| Total Fixed Assets | 1,380,289 | 767,761 | 916,827 | 971,074 | 674,565 | 866,438 | 1,069,238 | 1,239,710 | 781,398 | 563,686 | 170,175 | 236,039 |
| Stock & work in progress | 231,226 | 210,327 | 315,452 | 222,040 | 96,699 | 101,706 | 53,979 | 25,000 | 25,000 | 14,000 | 10,600 | 10,600 |
| Trade Debtors | 1,238,126 | 2,175,388 | 12,769,907 | 1,559,914 | 1,440,899 | 1,107,699 | 2,353,309 | 2,119,541 | 1,138,888 | 1,466,521 | 730,176 | 348,483 |
| Group Debtors | 11,302,983 | 11,511,544 | 10,900,417 | |||||||||
| Misc Debtors | 684,146 | 681,151 | 219,283 | 416,755 | 38,589 | 37,390 | 36,580 | |||||
| Cash | 65,628 | 235,118 | 58,659 | 14,396 | 4,172,954 | 5,221,990 | 5,406,409 | 1,816,083 | 229,001 | 86,971 | 178,461 | 1,147 |
| misc current assets | ||||||||||||
| total current assets | 13,522,109 | 14,813,528 | 13,144,018 | 12,916,050 | 6,127,307 | 6,469,984 | 7,851,087 | 3,997,204 | 1,392,889 | 1,567,492 | 919,237 | 360,230 |
| total assets | 14,902,398 | 15,581,289 | 14,060,845 | 13,887,124 | 6,801,872 | 7,336,422 | 8,920,325 | 5,236,914 | 2,174,287 | 2,131,178 | 1,089,412 | 596,269 |
| Bank overdraft | 637,500 | 1,874,978 | 1,033,906 | 120 | 120 | |||||||
| Bank loan | ||||||||||||
| Trade Creditors | 893,183 | 777,146 | 4,133,885 | 683,438 | 283,797 | 603,594 | 387,636 | 381,563 | 958,148 | 758,892 | 330,136 | 154,293 |
| Group/Directors Accounts | 15,353 | |||||||||||
| other short term finances | 175,000 | |||||||||||
| hp & lease commitments | 486,905 | 694,934 | 166,042 | |||||||||
| other current liabilities | 1,241,852 | 1,369,225 | 2,461,088 | 506,916 | 1,436,449 | 927,510 | 1,124,407 | 473,984 | 506,402 | 83,805 | ||
| total current liabilities | 3,259,440 | 4,891,283 | 4,133,885 | 4,178,432 | 790,833 | 2,040,163 | 1,330,499 | 1,672,012 | 958,148 | 1,232,876 | 836,538 | 238,098 |
| loans | 25,000 | 312,500 | ||||||||||
| hp & lease commitments | 1,645,611 | 211,420 | ||||||||||
| Accruals and Deferred Income | ||||||||||||
| other liabilities | 33,960 | 27,230 | 968,344 | 1,225,833 | 166,042 | 174,456 | 13,304 | |||||
| provisions | 178,960 | 57,021 | 71,080 | 75,000 | 55,000 | 76,000 | 94,000 | 127,000 | 61,000 | 8,500 | 17,000 | 26,143 |
| total long term liabilities | 1,883,531 | 608,171 | 1,039,424 | 1,300,833 | 55,000 | 76,000 | 94,000 | 127,000 | 227,042 | 182,956 | 17,000 | 39,447 |
| total liabilities | 5,142,971 | 5,499,454 | 5,173,309 | 5,479,265 | 845,833 | 2,116,163 | 1,424,499 | 1,799,012 | 1,185,190 | 1,415,832 | 853,538 | 277,545 |
| net assets | 9,759,427 | 10,081,835 | 8,887,536 | 8,407,859 | 5,956,039 | 5,220,259 | 7,495,826 | 3,437,902 | 989,097 | 715,346 | 235,874 | 318,724 |
| total shareholders funds | 9,759,427 | 10,081,835 | 8,887,536 | 8,407,859 | 5,956,039 | 5,220,259 | 7,495,826 | 3,437,902 | 989,097 | 715,346 | 235,874 | 318,724 |
| Mar 2021 | Mar 2020 | Mar 2019 | Sep 2018 | Sep 2017 | Sep 2016 | Sep 2015 | Sep 2014 | Sep 2013 | Sep 2012 | Sep 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Operating Profit | -697,650 | 998,460 | 5,160,630 | 3,527,874 | ||||||||
| Depreciation | 196,541 | 184,154 | 145,519 | 267,689 | 220,761 | 277,434 | 348,637 | 209,838 | 168,058 | 176,406 | 105,394 | 80,310 |
| Amortisation | 15,000 | |||||||||||
| Tax | 495,658 | -202,627 | -100,220 | -444,000 | ||||||||
| Stock | 20,899 | -105,125 | 93,412 | 125,341 | -5,007 | 47,727 | 28,979 | 11,000 | 3,400 | 10,600 | ||
| Debtors | -1,142,828 | 1,598,176 | 90,293 | 10,821,960 | 711,366 | -1,244,411 | 234,578 | 1,017,233 | -327,633 | 736,345 | 381,693 | 348,483 |
| Creditors | 116,037 | -3,356,739 | 3,450,447 | 399,641 | -319,797 | 215,958 | 6,073 | -576,585 | 199,256 | 428,756 | 175,843 | 154,293 |
| Accruals and Deferred Income | -127,373 | 1,369,225 | -2,461,088 | 1,954,172 | -929,533 | 508,939 | -196,897 | 1,124,407 | -473,984 | -32,418 | 422,597 | 83,805 |
| Deferred Taxes & Provisions | 121,939 | -14,059 | -3,920 | 20,000 | -21,000 | -18,000 | -33,000 | 66,000 | 52,500 | -8,500 | -9,143 | 26,143 |
| Cash flow from operations | 1,242,081 | 2,976,848 | 4,921,666 | 2,890,301 | ||||||||
| Investing Activities | ||||||||||||
| capital expenditure | -74,634 | -178,165 | -670,180 | |||||||||
| Change in Investments | ||||||||||||
| cash flow from investments | -74,634 | -178,165 | -670,180 | |||||||||
| Financing Activities | ||||||||||||
| Bank loans | ||||||||||||
| Group/Directors Accounts | -15,353 | 15,353 | ||||||||||
| Other Short Term Loans | -175,000 | 175,000 | ||||||||||
| Long term loans | -287,500 | 312,500 | ||||||||||
| Hire Purchase and Lease Commitments | 1,226,162 | 906,354 | -166,042 | 166,042 | ||||||||
| other long term liabilities | 6,730 | -941,114 | -257,489 | 1,225,833 | -166,042 | -8,414 | 174,456 | -13,304 | 13,304 | |||
| share issue | ||||||||||||
| interest | -120,416 | -7,200 | -19,355 | -25,977 | ||||||||
| cash flow from financing | 649,976 | -22,553 | -294,275 | -27,569 | ||||||||
| cash and cash equivalents | ||||||||||||
| cash | -169,490 | 176,459 | 44,263 | -4,158,558 | -1,049,036 | -184,419 | 3,590,326 | 1,587,082 | 142,030 | -91,490 | 177,314 | 1,147 |
| overdraft | -1,237,478 | 1,874,978 | -1,033,906 | 1,033,786 | 120 | |||||||
| change in cash | 1,067,988 | -1,698,519 | 1,078,169 | -5,192,344 | -1,049,036 | -184,539 | 3,590,326 | 1,587,082 | 142,030 | -91,490 | 177,314 | 1,147 |
neos automotive limited Credit Report and Business Information
Neos Automotive Limited Competitor Analysis
Perform a competitor analysis for neos automotive limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in EC2Y area or any other competitors across 12 key performance metrics.
neos automotive limited Ownership
NEOS AUTOMOTIVE LIMITED group structure
Neos Automotive Limited has no subsidiary companies.
neos automotive limited directors
Neos Automotive Limited currently has 4 directors. The longest serving directors include Mr Carl Roberts (Jul 2018) and Mr Neil Williams (Jul 2018).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Carl Roberts | 56 years | Jul 2018 | - | Director | |
| Mr Neil Williams | United Kingdom | 54 years | Jul 2018 | - | Director |
| Mr Neil Williams | England | 54 years | Jul 2018 | - | Director |
| Mr Hareesh Totiger | England | 50 years | Jul 2018 | - | Director |
P&L
March 2021turnover
3.7m
0%
operating profit
-697.7k
0%
gross margin
27.6%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2021net assets
9.8m
-0.03%
total assets
14.9m
-0.04%
cash
65.6k
-0.72%
net assets
Total assets minus all liabilities
neos automotive limited company details
company number
03700523
Type
Private limited with Share Capital
industry
25990 - Manufacture of other fabricated metal products n.e.c.
incorporation date
January 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
March 2021
previous names
q f s (technologies) limited (March 2021)
accountant
-
auditor
EDWARDS
address
6th floor 2london wall place, london, EC2Y 5AU
Bank
HSBC BANK PLC
Legal Advisor
-
neos automotive 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 8 charges/mortgages relating to neos automotive limited. Currently there are 3 open charges and 5 have been satisfied in the past.
neos automotive 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.
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neos automotive limited Companies House Filings - See Documents
| date | description | view/download |
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