the right car (uk) ltd
the right car (uk) ltd Company Information
Company Number
03708461
Next Accounts
9 days late
Directors
Shareholders
right car holdings (uk) ltd
Group Structure
View All
Industry
Sale of new cars and light motor vehicles
+2Registered Address
beck view road, beverley, east yorkshire, HU17 0JT
Website
https://www.rightcar.co.ukthe right car (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT CAR (UK) LTD at £27.8m based on a Turnover of £59.8m and 0.46x industry multiple (adjusted for size and gross margin).
the right car (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT CAR (UK) LTD at £11.9m based on an EBITDA of £2m and a 5.81x industry multiple (adjusted for size and gross margin).
the right car (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of THE RIGHT CAR (UK) LTD at £16.9m based on Net Assets of £5.6m and 3.01x industry multiple (adjusted for liquidity).
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The Right Car (uk) Ltd Overview
The Right Car (uk) Ltd is a live company located in east yorkshire, HU17 0JT with a Companies House number of 03708461. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in February 1999, it's largest shareholder is right car holdings (uk) ltd with a 100% stake. The Right Car (uk) Ltd is a mature, large sized company, Pomanda has estimated its turnover at £59.8m with high growth in recent years.
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The Right Car (uk) Ltd Health Check
Pomanda's financial health check has awarded The Right Car (Uk) Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 1 areas for improvement. Company Health Check FAQs
6 Strong
5 Regular
1 Weak
Size
annual sales of £59.8m, make it larger than the average company (£15.7m)
£59.8m - The Right Car (uk) Ltd
£15.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 19%, show it is growing at a faster rate (6.2%)
19% - The Right Car (uk) Ltd
6.2% - Industry AVG
Production
with a gross margin of 7.9%, this company has a higher cost of product (19%)
7.9% - The Right Car (uk) Ltd
19% - Industry AVG
Profitability
an operating margin of 3.2% make it as profitable than the average company (3.6%)
3.2% - The Right Car (uk) Ltd
3.6% - Industry AVG
Employees
with 124 employees, this is above the industry average (29)
124 - The Right Car (uk) Ltd
29 - Industry AVG
Pay Structure
on an average salary of £36.3k, the company has an equivalent pay structure (£32.2k)
£36.3k - The Right Car (uk) Ltd
£32.2k - Industry AVG
Efficiency
resulting in sales per employee of £482.5k, this is more efficient (£387.2k)
£482.5k - The Right Car (uk) Ltd
£387.2k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (18 days)
2 days - The Right Car (uk) Ltd
18 days - Industry AVG
Creditor Days
its suppliers are paid after 30 days, this is close to average (29 days)
30 days - The Right Car (uk) Ltd
29 days - Industry AVG
Stock Days
it holds stock equivalent to 54 days, this is in line with average (48 days)
54 days - The Right Car (uk) Ltd
48 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 13 weeks, this is more cash available to meet short term requirements (10 weeks)
13 weeks - The Right Car (uk) Ltd
10 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 62.7%, this is a similar level of debt than the average (67.4%)
62.7% - The Right Car (uk) Ltd
67.4% - Industry AVG
THE RIGHT CAR (UK) LTD financials
The Right Car (Uk) Ltd's latest turnover from May 2023 is £59.8 million and the company has net assets of £5.6 million. According to their latest financial statements, The Right Car (Uk) Ltd has 124 employees and maintains cash reserves of £2.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 59,824,498 | 57,253,186 | 47,630,820 | 35,406,737 | 41,817,325 | 37,118,568 | 38,162,102 | 31,091,643 | 27,976,668 | 26,963,017 | 24,182,465 | 18,682,195 | 18,575,713 | 17,960,925 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | 55,078,908 | 52,162,089 | 43,218,676 | 32,119,237 | 38,400,496 | 34,060,895 | 35,093,326 | 28,345,319 | 25,608,676 | 24,704,559 | 22,164,840 | 16,975,180 | 16,991,049 | 16,479,070 |
| Gross Profit | 4,745,590 | 5,091,097 | 4,412,144 | 3,287,500 | 3,416,829 | 3,057,673 | 3,068,776 | 2,746,324 | 2,367,992 | 2,258,458 | 2,017,625 | 1,707,015 | 1,584,664 | 1,481,855 |
| Admin Expenses | 2,809,528 | 2,674,680 | 1,747,430 | 1,991,780 | 2,456,038 | 2,359,702 | 1,896,383 | 2,176,343 | 1,697,379 | 1,736,665 | 1,038,150 | 1,013,124 | 880,475 | 857,572 |
| Operating Profit | 1,936,062 | 2,416,417 | 2,664,714 | 1,295,720 | 960,791 | 697,971 | 1,172,393 | 569,981 | 670,613 | 521,793 | 979,475 | 693,891 | 704,189 | 624,283 |
| Interest Payable | 30,839 | 9,877 | 29,766 | 37,286 | 38,388 | 23,037 | 29,141 | 9,490 | 7,164 | 6,558 | 19 | 42 | 113 | |
| Interest Receivable | 13,883 | 982 | 6,064 | 4,808 | 3,434 | 1,104 | 2,669 | 2,036 | 4,547 | 7,825 | 14,448 | 15,060 | 13,555 | 11,706 |
| Pre-Tax Profit | 1,919,106 | 2,457,522 | 2,641,012 | 1,263,242 | 925,837 | 676,038 | 1,145,921 | 562,527 | 667,996 | 523,060 | 993,904 | 708,909 | 717,631 | 635,989 |
| Tax | -385,041 | -468,731 | -504,033 | -248,783 | -183,314 | -131,057 | -238,654 | -116,659 | -139,917 | -137,655 | -233,788 | -187,569 | -191,261 | -169,324 |
| Profit After Tax | 1,534,065 | 1,988,791 | 2,136,979 | 1,014,459 | 742,523 | 544,981 | 907,267 | 445,868 | 528,079 | 385,405 | 760,116 | 521,340 | 526,370 | 466,665 |
| Dividends Paid | 1,650,000 | 5,000,000 | 500,000 | 5,000 | 5,000 | 650,000 | 200,000 | 120,000 | 100,000 | 120,000 | 360,000 | |||
| Retained Profit | -115,935 | -3,011,209 | 2,136,979 | 514,459 | 737,523 | 539,981 | 907,267 | -204,132 | 528,079 | 185,405 | 640,116 | 421,340 | 406,370 | 106,665 |
| Employee Costs | 4,499,329 | 4,419,467 | 3,971,747 | 3,434,515 | 3,429,235 | 3,277,951 | 3,096,129 | 2,773,328 | 2,527,992 | 2,257,163 | 1,977,596 | 1,774,981 | 1,619,409 | 1,453,021 |
| Number Of Employees | 124 | 126 | 147 | 135 | 127 | 123 | 126 | 111 | 104 | 89 | 77 | 74 | 77 | 76 |
| EBITDA* | 2,049,429 | 2,525,780 | 2,765,959 | 1,401,596 | 1,055,110 | 786,296 | 1,249,371 | 628,179 | 722,613 | 563,605 | 1,033,592 | 747,473 | 755,062 | 670,337 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 486,094 | 358,977 | 298,903 | 357,980 | 358,692 | 311,259 | 329,583 | 320,445 | 198,910 | 264,073 | 596,660 | 587,598 | 502,726 | 770,297 |
| Intangible Assets | ||||||||||||||
| Investments & Other | 450,001 | 450,001 | 450,001 | 450,001 | 1,246,767 | 1,246,767 | 1,246,767 | 1,246,767 | 1,255,817 | 1,252,892 | 3,135,901 | 1,942,895 | 1,198,229 | 736,149 |
| Debtors (Due After 1 year) | 2,873,190 | |||||||||||||
| Total Fixed Assets | 936,095 | 808,978 | 748,904 | 807,981 | 1,605,459 | 1,558,026 | 1,576,350 | 1,567,212 | 1,454,727 | 4,390,155 | 3,732,561 | 2,530,493 | 1,700,955 | 1,506,446 |
| Stock & work in progress | 8,183,082 | 6,621,023 | 5,236,263 | 7,085,457 | 6,152,196 | 4,742,320 | 5,077,091 | 4,112,128 | 2,704,237 | 2,844,255 | 1,879,927 | 1,858,995 | 1,708,834 | 1,531,594 |
| Trade Debtors | 343,164 | 305,259 | 570,316 | 70,586 | 240,736 | 274,117 | 598,971 | 681,112 | 211,365 | 469,729 | 268,043 | 378,684 | 201,431 | 153,360 |
| Group Debtors | 2,993,221 | 5,036,941 | 4,289,991 | 3,793,639 | 2,545,579 | 2,835,277 | 3,043,988 | 2,658,028 | 3,213,813 | 47,250 | 100,000 | |||
| Misc Debtors | 288,421 | 336,359 | 336,889 | 292,097 | 524,056 | 556,513 | 624,763 | 559,172 | 564,126 | 220,841 | 217,514 | 256,196 | 324,465 | 230,626 |
| Cash | 2,345,910 | 936,363 | 4,575,251 | 3,071,738 | 3,291,225 | 2,868,842 | 1,713,960 | 2,363,271 | 709,533 | 946,044 | 980,700 | 957,479 | 1,305,952 | 1,156,162 |
| misc current assets | 5,000 | 61,837 | 84,160 | 112,953 | 131,287 | 91,858 | 44,722 | |||||||
| total current assets | 14,153,798 | 13,235,945 | 15,008,710 | 14,318,517 | 12,815,629 | 11,361,229 | 11,171,726 | 10,504,998 | 7,494,932 | 4,572,841 | 3,446,184 | 3,451,354 | 3,540,682 | 3,071,742 |
| total assets | 15,089,893 | 14,044,923 | 15,757,614 | 15,126,498 | 14,421,088 | 12,919,255 | 12,748,076 | 12,072,210 | 8,949,659 | 8,962,996 | 7,178,745 | 5,981,847 | 5,241,637 | 4,578,188 |
| Bank overdraft | 14,732 | 14,732 | ||||||||||||
| Bank loan | 63,036 | 63,036 | 74,732 | 75,417 | 80,434 | 81,538 | 80,284 | 71,965 | 69,314 | 14,732 | ||||
| Trade Creditors | 4,581,002 | 3,301,238 | 2,818,249 | 4,362,056 | 3,169,432 | 2,216,380 | 2,552,825 | 3,372,894 | 817,469 | 2,504,976 | 996,482 | 1,026,296 | 861,527 | 593,155 |
| Group/Directors Accounts | 258,488 | 416,640 | 407,330 | 380,331 | 292,199 | 290,007 | 289,472 | 504,668 | 255,127 | 277,796 | 166,163 | |||
| other short term finances | ||||||||||||||
| hp & lease commitments | ||||||||||||||
| other current liabilities | 4,365,691 | 4,256,026 | 3,284,199 | 3,189,256 | 4,197,451 | 4,313,344 | 4,260,657 | 3,540,876 | 2,961,319 | 2,340,930 | 2,343,830 | 1,903,797 | 2,038,141 | 2,049,434 |
| total current liabilities | 9,268,217 | 8,036,940 | 6,584,510 | 8,007,060 | 7,739,516 | 6,901,269 | 7,183,238 | 7,490,403 | 4,103,229 | 5,138,434 | 3,521,207 | 2,944,825 | 2,899,668 | 2,642,589 |
| loans | 199,834 | 262,308 | 412,424 | 491,881 | 561,556 | 630,696 | 706,457 | 631,446 | 713,500 | 233,045 | 254,113 | 273,713 | ||
| hp & lease commitments | ||||||||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | 7,898 | 11,694 | 15,550 | 22,468 | 27,265 | 38,337 | 37,584 | 16,021 | 2,687 | |||||
| total long term liabilities | 199,834 | 270,206 | 424,118 | 507,431 | 584,024 | 657,961 | 744,794 | 669,030 | 729,521 | 235,732 | 254,113 | 273,713 | ||
| total liabilities | 9,468,051 | 8,307,146 | 7,008,628 | 8,514,491 | 8,323,540 | 7,559,230 | 7,928,032 | 8,159,433 | 4,832,750 | 5,374,166 | 3,775,320 | 3,218,538 | 2,899,668 | 2,642,589 |
| net assets | 5,621,842 | 5,737,777 | 8,748,986 | 6,612,007 | 6,097,548 | 5,360,025 | 4,820,044 | 3,912,777 | 4,116,909 | 3,588,830 | 3,403,425 | 2,763,309 | 2,341,969 | 1,935,599 |
| total shareholders funds | 5,621,842 | 5,737,777 | 8,748,986 | 6,612,007 | 6,097,548 | 5,360,025 | 4,820,044 | 3,912,777 | 4,116,909 | 3,588,830 | 3,403,425 | 2,763,309 | 2,341,969 | 1,935,599 |
| May 2023 | May 2022 | May 2021 | May 2020 | May 2019 | May 2018 | May 2017 | May 2016 | May 2015 | May 2014 | May 2013 | May 2012 | May 2011 | May 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 1,936,062 | 2,416,417 | 2,664,714 | 1,295,720 | 960,791 | 697,971 | 1,172,393 | 569,981 | 670,613 | 521,793 | 979,475 | 693,891 | 704,189 | 624,283 |
| Depreciation | 113,367 | 109,363 | 101,245 | 105,876 | 94,319 | 88,325 | 76,978 | 58,198 | 52,000 | 41,812 | 54,117 | 53,582 | 50,873 | 46,054 |
| Amortisation | ||||||||||||||
| Tax | -385,041 | -468,731 | -504,033 | -248,783 | -183,314 | -131,057 | -238,654 | -116,659 | -139,917 | -137,655 | -233,788 | -187,569 | -191,261 | -169,324 |
| Stock | 1,562,059 | 1,384,760 | -1,849,194 | 933,261 | 1,409,876 | -334,771 | 964,963 | 1,407,891 | -140,018 | 964,328 | 20,932 | 150,161 | 177,240 | 1,531,594 |
| Debtors | -2,053,753 | 481,363 | 1,040,874 | 845,951 | -355,536 | -601,815 | 369,410 | -90,992 | 378,294 | 3,025,453 | -49,323 | 108,984 | 141,910 | 383,986 |
| Creditors | 1,279,764 | 482,989 | -1,543,807 | 1,192,624 | 953,052 | -336,445 | -820,069 | 2,555,425 | -1,687,507 | 1,508,494 | -29,814 | 164,769 | 268,372 | 593,155 |
| Accruals and Deferred Income | 109,665 | 971,827 | 94,943 | -1,008,195 | -115,893 | 52,687 | 719,781 | 579,557 | 620,389 | -2,900 | 440,033 | -134,344 | -11,293 | 2,049,434 |
| Deferred Taxes & Provisions | -7,898 | -3,796 | -3,856 | -6,918 | -4,797 | -11,072 | 753 | 21,563 | 13,334 | 2,687 | ||||
| Cash flow from operations | 3,537,613 | 1,641,946 | 1,617,526 | -448,888 | 649,818 | 1,296,995 | -423,191 | 2,351,166 | -709,364 | -2,055,550 | 1,238,414 | 331,184 | 501,730 | 1,228,022 |
| Investing Activities | ||||||||||||||
| capital expenditure | -756,403 | -877,210 | -234,783 | -387,017 | ||||||||||
| Change in Investments | -796,766 | -9,050 | 2,925 | -1,883,009 | 1,193,006 | 744,666 | 462,080 | 736,149 | ||||||
| cash flow from investments | -1,949,409 | -1,621,876 | -696,863 | -1,123,166 | ||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | -11,696 | -685 | -5,017 | -1,104 | 1,254 | 8,319 | 2,651 | 69,314 | -14,732 | 14,732 | ||||
| Group/Directors Accounts | -158,152 | 9,310 | 26,999 | 88,132 | 2,192 | 535 | -215,196 | 249,541 | -22,669 | 111,633 | 166,163 | |||
| Other Short Term Loans | ||||||||||||||
| Long term loans | -62,474 | -150,116 | -79,457 | -69,675 | -69,140 | -75,761 | 75,011 | -82,054 | 480,455 | -21,068 | -19,600 | 273,713 | ||
| Hire Purchase and Lease Commitments | ||||||||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -16,956 | -8,895 | -23,702 | -32,478 | -34,954 | -21,933 | -26,472 | -7,454 | -2,617 | 1,267 | 14,429 | 15,018 | 13,442 | 11,706 |
| cash flow from financing | -237,582 | -161,397 | -76,845 | -19,038 | -103,006 | -95,905 | -158,338 | 162,684 | 524,483 | 91,832 | 146,260 | 303,463 | 13,442 | 1,840,640 |
| cash and cash equivalents | ||||||||||||||
| cash | 1,409,547 | -3,638,888 | 1,503,513 | -219,487 | 422,383 | 1,154,882 | -649,311 | 1,653,738 | -236,511 | -34,656 | 23,221 | -348,473 | 149,790 | 1,156,162 |
| overdraft | -14,732 | 14,732 | ||||||||||||
| change in cash | 1,409,547 | -3,638,888 | 1,503,513 | -219,487 | 422,383 | 1,154,882 | -649,311 | 1,653,738 | -221,779 | -34,656 | 8,489 | -348,473 | 149,790 | 1,156,162 |
the right car (uk) ltd Credit Report and Business Information
The Right Car (uk) Ltd Competitor Analysis
Perform a competitor analysis for the right car (uk) ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in HU17 area or any other competitors across 12 key performance metrics.
the right car (uk) ltd Ownership
THE RIGHT CAR (UK) LTD group structure
The Right Car (Uk) Ltd has 3 subsidiary companies.
Ultimate parent company
1 parent
THE RIGHT CAR (UK) LTD
03708461
3 subsidiaries
the right car (uk) ltd directors
The Right Car (Uk) Ltd currently has 1 director, Mrs Elaine Kamis serving since Jun 2024.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Elaine Kamis | 64 years | Jun 2024 | - | Director |
P&L
May 2023turnover
59.8m
+4%
operating profit
1.9m
-20%
gross margin
8%
-10.79%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
5.6m
-0.02%
total assets
15.1m
+0.07%
cash
2.3m
+1.51%
net assets
Total assets minus all liabilities
the right car (uk) ltd company details
company number
03708461
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
45111 - Sale of new cars and light motor vehicles
45112 - Sale of used cars and light motor vehicles
incorporation date
February 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
SMAILES GOLDIE
address
beck view road, beverley, east yorkshire, HU17 0JT
Bank
NATIONAL WESTMINSTER BANK PLC, NATIONAL WESTMINSTER BANK PLC
Legal Advisor
-
the right car (uk) ltd 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 the right car (uk) ltd. Currently there are 4 open charges and 2 have been satisfied in the past.
the right car (uk) ltd 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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the right car (uk) ltd Companies House Filings - See Documents
| date | description | view/download |
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