vertu motors (tmc) limited
vertu motors (tmc) limited Company Information
Company Number
03782929
Next Accounts
Sep 2025
Shareholders
vertu motors plc
Group Structure
View All
Industry
Sale of new cars and light motor vehicles
Registered Address
vertu house, fifth avenue business park, gateshead, tyne & wear, NE11 0XA
Website
http://www.toyota.co.ukvertu motors (tmc) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (TMC) LIMITED at £97.9m based on a Turnover of £168.9m and 0.58x industry multiple (adjusted for size and gross margin).
vertu motors (tmc) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (TMC) LIMITED at £17.7m based on an EBITDA of £2m and a 8.74x industry multiple (adjusted for size and gross margin).
vertu motors (tmc) limited Estimated Valuation
Pomanda estimates the enterprise value of VERTU MOTORS (TMC) LIMITED at £22.4m based on Net Assets of £8.5m and 2.65x industry multiple (adjusted for liquidity).
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Vertu Motors (tmc) Limited Overview
Vertu Motors (tmc) Limited is a live company located in gateshead, NE11 0XA with a Companies House number of 03782929. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in June 1999, it's largest shareholder is vertu motors plc with a 100% stake. Vertu Motors (tmc) Limited is a mature, mega sized company, Pomanda has estimated its turnover at £168.9m with healthy growth in recent years.
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Vertu Motors (tmc) Limited Health Check
Pomanda's financial health check has awarded Vertu Motors (Tmc) Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs
6 Strong
2 Regular
4 Weak
Size
annual sales of £168.9m, make it larger than the average company (£52.3m)
£168.9m - Vertu Motors (tmc) Limited
£52.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (8%)
15% - Vertu Motors (tmc) Limited
8% - Industry AVG
Production
with a gross margin of 10.4%, this company has a comparable cost of product (10.3%)
10.4% - Vertu Motors (tmc) Limited
10.3% - Industry AVG
Profitability
an operating margin of 0.9% make it less profitable than the average company (2.1%)
0.9% - Vertu Motors (tmc) Limited
2.1% - Industry AVG
Employees
with 352 employees, this is above the industry average (84)
352 - Vertu Motors (tmc) Limited
84 - Industry AVG
Pay Structure
on an average salary of £34.9k, the company has an equivalent pay structure (£38.7k)
£34.9k - Vertu Motors (tmc) Limited
£38.7k - Industry AVG
Efficiency
resulting in sales per employee of £480k, this is less efficient (£635.9k)
£480k - Vertu Motors (tmc) Limited
£635.9k - Industry AVG
Debtor Days
it gets paid by customers after 2 days, this is earlier than average (6 days)
2 days - Vertu Motors (tmc) Limited
6 days - Industry AVG
Creditor Days
its suppliers are paid after 44 days, this is slower than average (30 days)
44 days - Vertu Motors (tmc) Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 41 days, this is less than average (59 days)
41 days - Vertu Motors (tmc) Limited
59 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (4 weeks)
2 weeks - Vertu Motors (tmc) Limited
4 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 79.7%, this is a higher level of debt than the average (68.2%)
79.7% - Vertu Motors (tmc) Limited
68.2% - Industry AVG
VERTU MOTORS (TMC) LIMITED financials
Vertu Motors (Tmc) Limited's latest turnover from December 2023 is £168.9 million and the company has net assets of £8.5 million. According to their latest financial statements, Vertu Motors (Tmc) Limited has 352 employees and maintains cash reserves of £1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | 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 | 168,943,000 | 171,952,000 | 141,610,000 | 111,102,000 | 117,981,000 | 113,363,000 | 119,817,000 | 104,491,000 | 95,222,000 | 85,782,000 | 73,533,000 | 64,867,000 | 57,820,000 | 55,949,000 | 55,037,000 |
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 151,398,000 | 152,562,000 | 123,876,000 | 97,595,000 | 103,049,000 | 99,862,000 | 106,194,000 | 91,641,000 | 83,276,000 | 74,441,000 | 62,848,000 | 55,672,000 | 49,444,000 | 47,542,000 | 46,203,000 |
| Gross Profit | 17,545,000 | 19,390,000 | 17,734,000 | 13,507,000 | 14,932,000 | 13,501,000 | 13,623,000 | 12,850,000 | 11,946,000 | 11,341,000 | 10,685,000 | 9,195,000 | 8,376,000 | 8,407,000 | 8,834,000 |
| Admin Expenses | 16,100,000 | 15,681,000 | 13,498,000 | 10,799,000 | 13,629,000 | 12,746,000 | 13,178,000 | 12,290,000 | 12,100,000 | 11,104,000 | 10,150,000 | 8,569,000 | 8,116,000 | 8,109,000 | 7,898,000 |
| Operating Profit | 1,445,000 | 3,709,000 | 4,236,000 | 2,708,000 | 1,303,000 | 755,000 | 445,000 | 560,000 | -154,000 | 237,000 | 535,000 | 626,000 | 260,000 | 298,000 | 936,000 |
| Interest Payable | 1,339,000 | 695,000 | 700,000 | 572,000 | 608,000 | 364,000 | 392,000 | 357,000 | 424,000 | 304,000 | 347,000 | 245,000 | 157,000 | 91,000 | 122,000 |
| Interest Receivable | 29,000 | 17,000 | 14,000 | 18,000 | 6,000 | 5,000 | 4,000 | 20,000 | 1,000 | ||||||
| Pre-Tax Profit | 106,000 | 3,014,000 | 3,565,000 | 2,153,000 | 695,000 | 405,000 | 71,000 | 209,000 | -573,000 | -63,000 | 208,000 | 381,000 | 103,000 | 208,000 | 814,000 |
| Tax | -122,000 | -719,000 | -724,000 | -466,000 | -147,000 | -111,000 | -31,000 | -42,000 | 62,000 | -44,000 | -101,000 | -109,000 | -21,000 | -63,000 | -285,000 |
| Profit After Tax | -16,000 | 2,295,000 | 2,841,000 | 1,687,000 | 548,000 | 294,000 | 40,000 | 167,000 | -511,000 | -107,000 | 107,000 | 272,000 | 82,000 | 145,000 | 529,000 |
| Dividends Paid | 500,000 | 1,000,000 | 120,000 | ||||||||||||
| Retained Profit | -16,000 | 1,795,000 | 1,841,000 | 1,567,000 | 548,000 | 294,000 | 40,000 | 167,000 | -511,000 | -107,000 | 107,000 | 272,000 | 82,000 | 145,000 | 529,000 |
| Employee Costs | 12,285,000 | 11,984,000 | 10,947,000 | 9,870,000 | 10,124,000 | 9,799,000 | 9,621,000 | 9,208,000 | 8,175,000 | 7,842,000 | 7,118,000 | 5,956,000 | 5,439,000 | 5,247,000 | 5,165,000 |
| Number Of Employees | 352 | 342 | 335 | 338 | 347 | 354 | 355 | 354 | 347 | 329 | 291 | 249 | 218 | 196 | 197 |
| EBITDA* | 2,031,000 | 4,240,000 | 4,737,000 | 3,171,000 | 1,852,000 | 1,164,000 | 1,013,000 | 1,096,000 | 570,000 | 808,000 | 1,025,000 | 775,000 | 762,000 | 822,000 | 1,370,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | 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 | 19,398,000 | 17,611,000 | 17,685,000 | 17,776,000 | 15,952,000 | 10,131,000 | 10,116,000 | 8,692,000 | 8,365,000 | 7,055,000 | 6,421,000 | 5,135,000 | 5,018,000 | 1,828,000 | 1,261,000 |
| Intangible Assets | 366,000 | 457,000 | 552,000 | 647,000 | 274,000 | 837,000 | 120,000 | 143,000 | 167,000 | 305,000 | 350,000 | 208,000 | 235,000 | 413,000 | 367,000 |
| Investments & Other | 806,000 | 107,000 | 107,000 | 107,000 | 107,000 | 107,000 | 107,000 | 107,000 | |||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 19,764,000 | 18,068,000 | 18,237,000 | 18,423,000 | 17,032,000 | 11,075,000 | 10,343,000 | 8,942,000 | 8,639,000 | 7,467,000 | 6,878,000 | 5,450,000 | 5,253,000 | 2,241,000 | 1,628,000 |
| Stock & work in progress | 17,369,000 | 16,804,000 | 15,141,000 | 12,554,000 | 11,964,000 | 10,619,000 | 11,625,000 | 10,505,000 | 11,727,000 | 10,761,000 | 8,390,000 | 7,738,000 | 5,906,000 | 4,936,000 | 4,439,000 |
| Trade Debtors | 1,280,000 | 1,999,000 | 1,140,000 | 784,000 | 1,442,000 | 1,761,000 | 1,926,000 | 1,916,000 | 1,246,000 | 1,982,000 | 1,665,000 | 1,545,000 | 1,132,000 | 913,000 | 1,177,000 |
| Group Debtors | 4,000 | ||||||||||||||
| Misc Debtors | 2,399,000 | 1,792,000 | 1,184,000 | 464,000 | 633,000 | 685,000 | 954,000 | 853,000 | 1,667,000 | 856,000 | 746,000 | 720,000 | 333,000 | 344,000 | 593,000 |
| Cash | 1,033,000 | 523,000 | 402,000 | 464,000 | 5,000 | 117,000 | 12,000 | 5,000 | 7,000 | 6,000 | 6,000 | 5,000 | 5,000 | 55,000 | 4,000 |
| misc current assets | |||||||||||||||
| total current assets | 22,081,000 | 21,118,000 | 17,867,000 | 14,266,000 | 14,048,000 | 13,182,000 | 14,517,000 | 13,279,000 | 14,647,000 | 13,605,000 | 10,807,000 | 10,008,000 | 7,376,000 | 6,248,000 | 6,213,000 |
| total assets | 41,845,000 | 39,186,000 | 36,104,000 | 32,689,000 | 31,080,000 | 24,257,000 | 24,860,000 | 22,221,000 | 23,286,000 | 21,072,000 | 17,685,000 | 15,458,000 | 12,629,000 | 8,489,000 | 7,841,000 |
| Bank overdraft | 877,000 | 2,055,000 | 586,000 | 827,000 | 892,000 | 1,080,000 | 727,000 | 305,000 | 142,000 | 499,000 | |||||
| Bank loan | 1,857,000 | 843,000 | 843,000 | 309,000 | 309,000 | 309,000 | 229,000 | 229,000 | 39,000 | ||||||
| Trade Creditors | 18,285,000 | 14,843,000 | 14,500,000 | 12,592,000 | 12,839,000 | 11,714,000 | 13,583,000 | 12,127,000 | 13,484,000 | 11,987,000 | 9,146,000 | 3,864,000 | 2,226,000 | 2,601,000 | 1,688,000 |
| Group/Directors Accounts | 308,000 | 407,000 | 93,000 | 40,000 | 76,000 | ||||||||||
| other short term finances | 1,000 | 863,000 | 750,000 | 467,000 | 406,000 | 309,000 | 4,469,000 | 3,596,000 | 2,314,000 | 2,183,000 | |||||
| hp & lease commitments | 18,000 | 67,000 | 95,000 | 88,000 | 181,000 | 302,000 | 312,000 | 143,000 | 100,000 | 86,000 | 17,000 | 50,000 | 38,000 | 82,000 | |
| other current liabilities | 5,302,000 | 6,868,000 | 5,140,000 | 4,231,000 | 3,535,000 | 2,439,000 | 3,121,000 | 2,605,000 | 2,371,000 | 2,314,000 | 1,617,000 | 1,523,000 | 1,723,000 | 1,221,000 | 1,662,000 |
| total current liabilities | 25,445,000 | 22,572,000 | 20,550,000 | 18,089,000 | 18,496,000 | 16,949,000 | 18,038,000 | 16,256,000 | 17,199,000 | 15,790,000 | 11,885,000 | 10,407,000 | 7,966,000 | 6,213,000 | 6,114,000 |
| loans | 7,274,000 | 7,721,000 | 8,566,000 | 9,432,000 | 8,279,000 | 3,568,000 | 3,365,000 | 2,368,000 | 2,867,000 | 3,141,000 | 3,489,000 | 3,000,000 | 3,199,000 | 715,000 | 164,000 |
| hp & lease commitments | 22,000 | 88,000 | 101,000 | 127,000 | 248,000 | 444,000 | 273,000 | 299,000 | 251,000 | 45,000 | 38,000 | 62,000 | 106,000 | ||
| Accruals and Deferred Income | 183,000 | 286,000 | 120,000 | 219,000 | |||||||||||
| other liabilities | |||||||||||||||
| provisions | 647,000 | 398,000 | 266,000 | 221,000 | 221,000 | 247,000 | 161,000 | 145,000 | 106,000 | 174,000 | 102,000 | 52,000 | 30,000 | 65,000 | 69,000 |
| total long term liabilities | 7,921,000 | 8,119,000 | 8,854,000 | 9,741,000 | 8,601,000 | 3,942,000 | 3,774,000 | 2,957,000 | 3,246,000 | 3,614,000 | 4,025,000 | 3,383,000 | 3,267,000 | 962,000 | 558,000 |
| total liabilities | 33,366,000 | 30,691,000 | 29,404,000 | 27,830,000 | 27,097,000 | 20,891,000 | 21,812,000 | 19,213,000 | 20,445,000 | 19,404,000 | 15,910,000 | 13,790,000 | 11,233,000 | 7,175,000 | 6,672,000 |
| net assets | 8,479,000 | 8,495,000 | 6,700,000 | 4,859,000 | 3,983,000 | 3,366,000 | 3,048,000 | 3,008,000 | 2,841,000 | 1,668,000 | 1,775,000 | 1,668,000 | 1,396,000 | 1,314,000 | 1,169,000 |
| total shareholders funds | 8,479,000 | 8,495,000 | 6,700,000 | 4,859,000 | 3,983,000 | 3,366,000 | 3,048,000 | 3,008,000 | 2,841,000 | 1,668,000 | 1,775,000 | 1,668,000 | 1,396,000 | 1,314,000 | 1,169,000 |
| Dec 2023 | 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 | 1,445,000 | 3,709,000 | 4,236,000 | 2,708,000 | 1,303,000 | 755,000 | 445,000 | 560,000 | -154,000 | 237,000 | 535,000 | 626,000 | 260,000 | 298,000 | 936,000 |
| Depreciation | 495,000 | 436,000 | 406,000 | 368,000 | 454,000 | 372,000 | 545,000 | 512,000 | 586,000 | 526,000 | 457,000 | 122,000 | 324,000 | 292,000 | 343,000 |
| Amortisation | 91,000 | 95,000 | 95,000 | 95,000 | 95,000 | 37,000 | 23,000 | 24,000 | 138,000 | 45,000 | 33,000 | 27,000 | 178,000 | 232,000 | 91,000 |
| Tax | -122,000 | -719,000 | -724,000 | -466,000 | -147,000 | -111,000 | -31,000 | -42,000 | 62,000 | -44,000 | -101,000 | -109,000 | -21,000 | -63,000 | -285,000 |
| Stock | 565,000 | 1,663,000 | 2,587,000 | 590,000 | 1,345,000 | -1,006,000 | 1,120,000 | -1,222,000 | 966,000 | 2,371,000 | 652,000 | 1,832,000 | 970,000 | 497,000 | 4,439,000 |
| Debtors | -112,000 | 1,467,000 | 1,076,000 | -831,000 | -367,000 | -434,000 | 111,000 | -144,000 | 75,000 | 427,000 | 146,000 | 800,000 | 208,000 | -513,000 | 1,770,000 |
| Creditors | 3,442,000 | 343,000 | 1,908,000 | -247,000 | 1,125,000 | -1,869,000 | 1,456,000 | -1,357,000 | 1,497,000 | 2,841,000 | 5,282,000 | 1,638,000 | -375,000 | 913,000 | 1,688,000 |
| Accruals and Deferred Income | -1,566,000 | 1,728,000 | 909,000 | 696,000 | 1,096,000 | -682,000 | 516,000 | 234,000 | 57,000 | 514,000 | -9,000 | 86,000 | 382,000 | -540,000 | 1,881,000 |
| Deferred Taxes & Provisions | 249,000 | 132,000 | 45,000 | -26,000 | 86,000 | 16,000 | 39,000 | -68,000 | 72,000 | 50,000 | 22,000 | -35,000 | -4,000 | 69,000 | |
| Cash flow from operations | 3,581,000 | 2,594,000 | 3,212,000 | 3,395,000 | 2,922,000 | 28,000 | 1,739,000 | 1,336,000 | 1,077,000 | 1,393,000 | 5,449,000 | -220,000 | -465,000 | 1,144,000 | -1,486,000 |
| Investing Activities | |||||||||||||||
| capital expenditure | -5,000 | -372,000 | -829,000 | -211,000 | -1,161,000 | -1,915,000 | -307,000 | -3,511,000 | -1,099,000 | 57,000 | |||||
| Change in Investments | -806,000 | 699,000 | 107,000 | ||||||||||||
| cash flow from investments | 806,000 | -699,000 | -5,000 | -372,000 | -829,000 | -211,000 | -1,161,000 | -1,915,000 | -414,000 | -3,511,000 | -1,099,000 | 57,000 | |||
| Financing Activities | |||||||||||||||
| Bank loans | 1,014,000 | 843,000 | -309,000 | 80,000 | 190,000 | 39,000 | |||||||||
| Group/Directors Accounts | -308,000 | -99,000 | 314,000 | 53,000 | -36,000 | 76,000 | |||||||||
| Other Short Term Loans | 1,000 | -863,000 | 113,000 | 283,000 | 61,000 | 97,000 | 309,000 | -4,469,000 | 873,000 | 1,282,000 | 131,000 | 2,183,000 | |||
| Long term loans | -447,000 | -845,000 | -866,000 | 1,153,000 | 4,711,000 | 203,000 | 997,000 | -499,000 | -274,000 | -348,000 | 489,000 | -199,000 | 2,484,000 | 551,000 | 164,000 |
| Hire Purchase and Lease Commitments | -18,000 | -71,000 | -94,000 | -6,000 | -119,000 | -242,000 | -206,000 | 340,000 | 17,000 | 62,000 | 275,000 | -26,000 | -12,000 | -88,000 | 188,000 |
| other long term liabilities | |||||||||||||||
| share issue | |||||||||||||||
| interest | -1,339,000 | -695,000 | -671,000 | -555,000 | -608,000 | -350,000 | -374,000 | -351,000 | -419,000 | -300,000 | -327,000 | -245,000 | -157,000 | -90,000 | -122,000 |
| cash flow from financing | -789,000 | -1,611,000 | -1,959,000 | -85,000 | 4,650,000 | -251,000 | 478,000 | -434,000 | 1,008,000 | -586,000 | -3,952,000 | 403,000 | 3,787,000 | 543,000 | 3,053,000 |
| cash and cash equivalents | |||||||||||||||
| cash | 510,000 | 121,000 | -62,000 | 459,000 | -112,000 | 105,000 | 7,000 | -2,000 | 1,000 | 1,000 | -50,000 | 51,000 | 4,000 | ||
| overdraft | -877,000 | -1,178,000 | 1,469,000 | -241,000 | -65,000 | -188,000 | 353,000 | 422,000 | 163,000 | 142,000 | -499,000 | 499,000 | |||
| change in cash | 510,000 | 121,000 | -62,000 | 1,336,000 | 1,066,000 | -1,364,000 | 248,000 | 63,000 | 189,000 | -353,000 | -421,000 | -163,000 | -192,000 | 550,000 | -495,000 |
vertu motors (tmc) limited Credit Report and Business Information
Vertu Motors (tmc) Limited Competitor Analysis
Perform a competitor analysis for vertu motors (tmc) limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mega companies, companies in NE11 area or any other competitors across 12 key performance metrics.
vertu motors (tmc) limited Ownership
VERTU MOTORS (TMC) LIMITED group structure
Vertu Motors (Tmc) Limited has no subsidiary companies.
vertu motors (tmc) limited directors
Vertu Motors (Tmc) Limited currently has 4 directors. The longest serving directors include Ms Karen Anderson (Oct 2024) and Mr David Crane (Oct 2024).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Ms Karen Anderson | 53 years | Oct 2024 | - | Director | |
| Mr David Crane | 57 years | Oct 2024 | - | Director | |
| Mr Robert Forrester | 55 years | Oct 2024 | - | Director | |
| Mr Christopher Taylor | United Kingdom | 52 years | Nov 2024 | - | Director |
P&L
December 2023turnover
168.9m
-2%
operating profit
1.4m
-61%
gross margin
10.4%
-7.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
8.5m
0%
total assets
41.8m
+0.07%
cash
1m
+0.98%
net assets
Total assets minus all liabilities
vertu motors (tmc) limited company details
company number
03782929
Type
Private limited with Share Capital
industry
45111 - Sale of new cars and light motor vehicles
incorporation date
June 1999
age
26
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
burrows motor company limited (November 2024)
burrows (south yorkshire) limited (February 2011)
accountant
-
auditor
UHY HACKER YOUNG MANCHESTER LLP
address
vertu house, fifth avenue business park, gateshead, tyne & wear, NE11 0XA
Bank
-
Legal Advisor
-
vertu motors (tmc) 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 21 charges/mortgages relating to vertu motors (tmc) limited. Currently there are 5 open charges and 16 have been satisfied in the past.
vertu motors (tmc) 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.
Click to start generating capital raising & share issue transactions for VERTU MOTORS (TMC) LIMITED. This can take several minutes, an email will notify you when this has completed.
vertu motors (tmc) limited Companies House Filings - See Documents
| date | description | view/download |
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