carousel buses limited
carousel buses limited Company Information
Company Number
04062073
Website
carouselbuses.comRegistered Address
3rd floor 41-51 grey street, newcastle upon tyne, tyne & wear, NE1 6EE
Industry
Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
Telephone
01494450151
Next Accounts Due
48 days late
Group Structure
View All
Shareholders
go-ahead holding ltd 100%
carousel buses limited Estimated Valuation
Pomanda estimates the enterprise value of CAROUSEL BUSES LIMITED at £2.7m based on a Turnover of £5.6m and 0.48x industry multiple (adjusted for size and gross margin).
carousel buses limited Estimated Valuation
Pomanda estimates the enterprise value of CAROUSEL BUSES LIMITED at £2.5m based on an EBITDA of £638k and a 3.92x industry multiple (adjusted for size and gross margin).
carousel buses limited Estimated Valuation
Pomanda estimates the enterprise value of CAROUSEL BUSES LIMITED at £1.6m based on Net Assets of £652k and 2.45x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
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Carousel Buses Limited Overview
Carousel Buses Limited is a live company located in tyne & wear, NE1 6EE with a Companies House number of 04062073. It operates in the other urban, suburban or metropolitan passenger land transport (not underground, metro or similar) sector, SIC Code 49319. Founded in August 2000, it's largest shareholder is go-ahead holding ltd with a 100% stake. Carousel Buses Limited is a mature, mid sized company, Pomanda has estimated its turnover at £5.6m with healthy growth in recent years.
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Carousel Buses Limited Health Check
Pomanda's financial health check has awarded Carousel Buses Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
6 Weak
Size
annual sales of £5.6m, make it smaller than the average company (£27.4m)
£5.6m - Carousel Buses Limited
£27.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 7%, show it is growing at a faster rate (-1.6%)
7% - Carousel Buses Limited
-1.6% - Industry AVG
Production
with a gross margin of -16.5%, this company has a higher cost of product (4.6%)
-16.5% - Carousel Buses Limited
4.6% - Industry AVG
Profitability
an operating margin of 3.1% make it more profitable than the average company (1.7%)
3.1% - Carousel Buses Limited
1.7% - Industry AVG
Employees
with 60 employees, this is below the industry average (494)
60 - Carousel Buses Limited
494 - Industry AVG
Pay Structure
on an average salary of £49.4k, the company has a higher pay structure (£31.8k)
£49.4k - Carousel Buses Limited
£31.8k - Industry AVG
Efficiency
resulting in sales per employee of £94.1k, this is more efficient (£56.3k)
£94.1k - Carousel Buses Limited
£56.3k - Industry AVG
Debtor Days
it gets paid by customers after 7 days, this is near the average (8 days)
7 days - Carousel Buses Limited
8 days - Industry AVG
Creditor Days
its suppliers are paid after 12 days, this is slower than average (7 days)
12 days - Carousel Buses Limited
7 days - Industry AVG
Stock Days
it holds stock equivalent to 2 days, this is less than average (4 days)
2 days - Carousel Buses Limited
4 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (6 weeks)
2 weeks - Carousel Buses Limited
6 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85%, this is a higher level of debt than the average (69.8%)
85% - Carousel Buses Limited
69.8% - Industry AVG
carousel buses limited Credit Report and Business Information
Carousel Buses Limited Competitor Analysis
Perform a competitor analysis for carousel buses limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
carousel buses limited Ownership
CAROUSEL BUSES LIMITED group structure
Carousel Buses Limited has no subsidiary companies.
Ultimate parent company
GLOBALVIA INVERSIONES SA
#0003879
2 parents
CAROUSEL BUSES LIMITED
04062073
carousel buses limited directors
Carousel Buses Limited currently has 6 directors. The longest serving directors include Mr Luke Marion (Dec 2012) and Mr Paul Hennigan (Apr 2019).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Luke Marion | England | 43 years | Dec 2012 | - | Director |
| Mr Paul Hennigan | United Kingdom | 44 years | Apr 2019 | - | Director |
| Mr Paul Hennigan | United Kingdom | 44 years | Apr 2019 | - | Director |
| Mr Gordon Boyd | United Kingdom | 64 years | Sep 2021 | - | Director |
| Mr Martin Dean | United Kingdom | 60 years | Jun 2022 | - | Director |
| Mr Neil Butler | United Kingdom | 35 years | Jun 2023 | - | Director |
CAROUSEL BUSES LIMITED financials
Carousel Buses Limited's latest turnover from July 2022 is £5.6 million and the company has net assets of £652 thousand. According to their latest financial statements, Carousel Buses Limited has 60 employees and maintains cash reserves of £56 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 5,646,000 | 6,179,000 | 4,716,000 | 4,596,000 | 4,499,000 | 4,735,000 | 4,562,000 | 3,944,000 | 3,606,000 | 3,511,000 | 4,720,000 | 3,978,000 | 3,455,056 |
| Other Income Or Grants | 0 | ||||||||||||
| Cost Of Sales | 2,772,144 | ||||||||||||
| Gross Profit | 682,912 | ||||||||||||
| Admin Expenses | 537,216 | ||||||||||||
| Operating Profit | 173,000 | 903,000 | 75,000 | -51,000 | -677,000 | -379,000 | 133,000 | 137,000 | 222,000 | -50,000 | 362,000 | 144,000 | 145,696 |
| Interest Payable | 4,000 | 0 | 3,000 | 7,000 | 19,000 | 4,000 | 22,000 | 20,000 | 22,000 | 20,000 | 35,000 | 26,000 | 20,224 |
| Interest Receivable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,000 | 1,000 | 2,000 | 0 | 0 | 252 |
| Pre-Tax Profit | 169,000 | 903,000 | 72,000 | -58,000 | -696,000 | -383,000 | 111,000 | 118,000 | 201,000 | -70,000 | 327,000 | 118,000 | 125,724 |
| Tax | -184,000 | -175,000 | -34,000 | 4,000 | 134,000 | 91,000 | -18,000 | -23,000 | -36,000 | 16,000 | -91,000 | -23,000 | -26,282 |
| Profit After Tax | -15,000 | 728,000 | 38,000 | -54,000 | -562,000 | -292,000 | 93,000 | 95,000 | 165,000 | -54,000 | 236,000 | 95,000 | 99,442 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 100,000 | 190,000 | 0 | 128,000 | 128,000 | 0 |
| Retained Profit | -15,000 | 728,000 | 38,000 | -54,000 | -562,000 | -292,000 | 93,000 | -5,000 | -25,000 | -54,000 | 108,000 | -33,000 | 99,442 |
| Employee Costs | 2,962,000 | 2,844,000 | 2,755,000 | 2,790,000 | 2,890,000 | 2,800,000 | 2,404,000 | 2,059,000 | 1,770,000 | 1,910,000 | 1,957,000 | 1,433,000 | |
| Number Of Employees | 60 | 82 | 75 | 72 | 71 | 83 | 77 | 67 | 58 | ||||
| EBITDA* | 638,000 | 1,375,000 | 525,000 | 438,000 | -158,000 | 102,000 | 470,000 | 395,000 | 469,000 | 183,000 | 713,000 | 402,000 | 154,365 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 3,415,000 | 1,891,000 | 2,189,000 | 2,670,000 | 3,195,000 | 3,646,000 | 2,611,000 | 1,418,000 | 1,311,000 | 1,461,000 | 1,498,000 | 932,000 | 720,910 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 1,982,000 | 1,982,000 | 1,985,000 | 2,000 | 20,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 3,415,000 | 3,873,000 | 4,174,000 | 2,672,000 | 3,195,000 | 3,646,000 | 2,611,000 | 1,418,000 | 1,311,000 | 1,461,000 | 1,498,000 | 932,000 | 720,910 |
| Stock & work in progress | 38,000 | 40,000 | 40,000 | 41,000 | 24,000 | 22,000 | 16,000 | 28,000 | 22,000 | 28,000 | 50,000 | 15,000 | 37,792 |
| Trade Debtors | 111,000 | 717,000 | 69,000 | 57,000 | 77,000 | 42,000 | 9,000 | 13,000 | 43,000 | 0 | 68,000 | 647,000 | 773,075 |
| Group Debtors | 244,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 469,000 | 215,000 | 382,000 | 435,000 | 294,000 | 421,000 | 349,000 | 339,000 | 234,000 | 300,000 | 482,000 | 127,000 | 123,275 |
| Cash | 56,000 | 55,000 | 69,000 | 93,000 | 84,000 | 352,000 | 179,000 | 167,000 | 294,000 | 242,000 | 1,093,000 | 74,000 | 9,643 |
| misc current assets | 0 | 0 | 0 | 0 | 254,000 | 234,000 | 129,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 918,000 | 1,027,000 | 560,000 | 626,000 | 733,000 | 1,071,000 | 682,000 | 547,000 | 593,000 | 570,000 | 1,693,000 | 863,000 | 943,785 |
| total assets | 4,333,000 | 4,900,000 | 4,734,000 | 3,298,000 | 3,928,000 | 4,717,000 | 3,293,000 | 1,965,000 | 1,904,000 | 2,031,000 | 3,191,000 | 1,795,000 | 1,664,695 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 39,380 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 234,000 | 220,000 | 161,000 | 286,000 | 94,000 | 106,000 | 109,000 | 116,000 | 121,000 | 0 | 174,000 | 410,000 | 436,423 |
| Group/Directors Accounts | 0 | 476,000 | 1,817,000 | 2,071,000 | 0 | 0 | 0 | 523,000 | 459,000 | 379,000 | 1,121,000 | 0 | 0 |
| other short term finances | 0 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 47,000 | 91,000 | 171,000 | 186,000 | 256,000 | 232,000 | 178,475 |
| other current liabilities | 1,073,000 | 1,163,000 | 374,000 | 241,000 | 2,940,000 | 3,341,000 | 1,899,000 | 297,000 | 153,000 | 340,000 | 314,000 | 151,000 | 100,730 |
| total current liabilities | 1,307,000 | 1,861,000 | 2,352,000 | 2,598,000 | 3,034,000 | 3,447,000 | 2,055,000 | 1,027,000 | 904,000 | 905,000 | 1,865,000 | 793,000 | 755,008 |
| loans | 0 | 0 | 0 | 0 | 0 | 7,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 47,000 | 138,000 | 309,000 | 409,000 | 391,000 | 267,787 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 14,000 | 0 | 0 | 0 | 0 | 14,000 | 0 | 0 | 0 | 0 | 0 |
| provisions | 4,748,000 | 2,373,000 | 2,460,000 | 790,000 | 1,804,000 | 1,532,000 | 896,000 | 210,000 | 141,000 | 71,000 | 117,000 | 47,000 | 45,193 |
| total long term liabilities | 2,374,000 | 2,373,000 | 2,474,000 | 790,000 | 902,000 | 773,000 | 458,000 | 271,000 | 279,000 | 380,000 | 526,000 | 438,000 | 312,980 |
| total liabilities | 3,681,000 | 4,234,000 | 4,826,000 | 3,388,000 | 3,936,000 | 4,220,000 | 2,513,000 | 1,298,000 | 1,183,000 | 1,285,000 | 2,391,000 | 1,231,000 | 1,067,988 |
| net assets | 652,000 | 666,000 | -92,000 | -90,000 | -8,000 | 497,000 | 780,000 | 667,000 | 721,000 | 746,000 | 800,000 | 564,000 | 596,707 |
| total shareholders funds | 652,000 | 666,000 | -92,000 | -90,000 | -8,000 | 497,000 | 780,000 | 667,000 | 721,000 | 746,000 | 800,000 | 564,000 | 596,707 |
| Jul 2022 | Jul 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jul 2017 | Jul 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Mar 2011 | Mar 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | 173,000 | 903,000 | 75,000 | -51,000 | -677,000 | -379,000 | 133,000 | 137,000 | 222,000 | -50,000 | 362,000 | 144,000 | 145,696 |
| Depreciation | 465,000 | 472,000 | 450,000 | 489,000 | 519,000 | 481,000 | 337,000 | 258,000 | 247,000 | 233,000 | 351,000 | 258,000 | 8,669 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -184,000 | -175,000 | -34,000 | 4,000 | 134,000 | 91,000 | -18,000 | -23,000 | -36,000 | 16,000 | -91,000 | -23,000 | -26,282 |
| Stock | -2,000 | 0 | -1,000 | 17,000 | 2,000 | 6,000 | -12,000 | 6,000 | -6,000 | -22,000 | 35,000 | -22,792 | 37,792 |
| Debtors | -108,000 | 478,000 | 1,942,000 | 103,000 | -72,000 | 105,000 | 6,000 | 75,000 | -23,000 | -250,000 | -224,000 | -122,350 | 896,350 |
| Creditors | 14,000 | 59,000 | -125,000 | 192,000 | -12,000 | -3,000 | -7,000 | -5,000 | 121,000 | -174,000 | -236,000 | -26,423 | 436,423 |
| Accruals and Deferred Income | -90,000 | 789,000 | 133,000 | -2,699,000 | -401,000 | 1,442,000 | 1,602,000 | 144,000 | -187,000 | 26,000 | 163,000 | 50,270 | 100,730 |
| Deferred Taxes & Provisions | 2,375,000 | -87,000 | 1,670,000 | -1,014,000 | 272,000 | 636,000 | 686,000 | 69,000 | 70,000 | -46,000 | 70,000 | 1,807 | 45,193 |
| Cash flow from operations | 2,863,000 | 1,483,000 | 228,000 | -3,199,000 | -95,000 | 2,157,000 | 2,739,000 | 499,000 | 466,000 | 277,000 | 808,000 | 549,796 | -223,713 |
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -476,000 | -1,341,000 | -254,000 | 2,071,000 | 0 | 0 | -523,000 | 64,000 | 80,000 | -742,000 | 1,121,000 | 0 | 0 |
| Other Short Term Loans | -2,000 | 2,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | -7,000 | -3,000 | 10,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | -47,000 | -91,000 | -171,000 | -186,000 | -170,000 | 42,000 | 176,738 | 446,262 |
| other long term liabilities | 0 | -14,000 | 14,000 | 0 | 0 | 0 | -14,000 | 14,000 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||||
| interest | -4,000 | 0 | -3,000 | -7,000 | -19,000 | -4,000 | -22,000 | -19,000 | -21,000 | -18,000 | -35,000 | -26,000 | -19,972 |
| cash flow from financing | -481,000 | -1,323,000 | -283,000 | 2,036,000 | 31,000 | -45,000 | -620,000 | -161,000 | -127,000 | -930,000 | 1,256,000 | 151,031 | 923,555 |
| cash and cash equivalents | |||||||||||||
| cash | 1,000 | -14,000 | -24,000 | 9,000 | -268,000 | 173,000 | 12,000 | -127,000 | 52,000 | -851,000 | 1,019,000 | 64,357 | 9,643 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -39,380 | 39,380 |
| change in cash | 1,000 | -14,000 | -24,000 | 9,000 | -268,000 | 173,000 | 12,000 | -127,000 | 52,000 | -851,000 | 1,019,000 | 103,737 | -29,737 |
P&L
July 2022turnover
5.6m
-9%
operating profit
173k
-81%
gross margin
-16.5%
-47.23%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
July 2022net assets
652k
-0.02%
total assets
4.3m
-0.12%
cash
56k
+0.02%
net assets
Total assets minus all liabilities
carousel buses limited company details
company number
04062073
Type
Private limited with Share Capital
industry
49319 - Urban, suburban or metropolitan area passenger land transport other than railway transportation by underground, metro and similar systems
incorporation date
August 2000
age
24
accounts
Audit Exemption Subsidiary
ultimate parent company
previous names
N/A
incorporated
UK
address
3rd floor 41-51 grey street, newcastle upon tyne, tyne & wear, NE1 6EE
last accounts submitted
July 2022
carousel buses 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 1 charges/mortgages relating to carousel buses limited. Currently there are 1 open charges and 0 have been satisfied in the past.
carousel buses limited Companies House Filings - See Documents
| date | description | view/download |
|---|
