Jemsco Limited

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jemsco limited Company Information

Live

MatureSmallDeclining

Company Number

04676561

Website

www.jemsco.co.uk

Registered Address

c/o segrave & partners, 1208-1210 london road, leigh on sea, essex, SS9 2UA

Industry

Sale of used cars and light motor vehicles

Telephone

01268785313

Next Accounts Due

January 2025

Group Structure

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Directors

Martin Cohen21 Years

Jason Cohen21 Years

Shareholders

jason glen cohen 50%

martin bernard cohen 50%

jemsco limited Estimated Valuation

£291.6k

Pomanda estimates the enterprise value of JEMSCO LIMITED at £291.6k based on a Turnover of £1.4m and 0.2x industry multiple (adjusted for size and gross margin).

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Jemsco Limited is a live company located in leigh on sea, SS9 2UA with a Companies House number of 04676561. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in February 2003, it's largest shareholder is jason glen cohen with a 50% stake. Jemsco Limited is a mature, small sized company, Pomanda has estimated its turnover at £1.4m with declining growth in recent years.

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Pomanda's financial health check has awarded Jemsco Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

3 Strong

3 Regular

5 Weak

Size

annual sales of £1.4m, make it smaller than the average company (£2.7m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (8.9%)

EXPORT

Jemsco Limited's latest turnover from April 2023 is estimated at £1.4 million and the company has net assets of £37 thousand. According to their latest financial statements, Jemsco Limited has 2 employees and maintains cash reserves of £63.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Turnover	1,423,936	1,506,608	1,873,073	1,886,906	1,552,537	1,342,956	1,252,394	1,388,225	1,530,090	1,472,608	1,849,441	1,616,021	1,771,611	1,547,316
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,265,071	1,330,020	1,673,576	1,662,904	1,374,544	1,190,603	1,108,578	1,218,351	1,338,493	1,301,996	1,645,841	1,429,196	1,558,221	1,352,543
Gross Profit	158,866	176,588	199,497	224,002	177,993	152,353	143,815	169,874	191,597	170,612	203,600	186,825	213,390	194,773
Admin Expenses	160,436	176,194	189,725	207,475	161,926	133,126	131,206	167,639	190,764	171,028	204,282	186,276	211,916	193,362
Operating Profit	-1,570	394	9,772	16,527	16,067	19,227	12,609	2,235	833	-416	-682	549	1,474	1,411
Interest Payable	8,443	5,982	3,965	2,440	2,700	3,250	4,375	2,600	0	0	0	0	0	0
Interest Receivable	2,103	221	36	40	291	183	62	78	67	90	79	52	113	95
Pre-Tax Profit	-7,909	-5,367	5,843	14,127	13,658	16,160	8,296	-287	900	-326	-603	601	1,586	1,506
Tax	0	0	-1,110	-2,684	-2,595	-3,070	-1,576	0	-180	0	0	-144	-412	-422
Profit After Tax	-7,909	-5,367	4,733	11,443	11,063	13,090	6,720	-287	720	-326	-603	457	1,174	1,084
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-7,909	-5,367	4,733	11,443	11,063	13,090	6,720	-287	720	-326	-603	457	1,174	1,084
Employee Costs	64,394	62,177	57,545	57,814	57,639	57,127	55,710	108,037	105,453	101,538	128,040	124,532	122,373	98,627
Number Of Employees	2	2	2	2	2	2	2	4	4	4	5	5	5	4
EBITDA*	-1,570	399	9,774	16,529	16,070	19,231	12,614	2,242	841	-405	5,433	6,669	7,600	7,545

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Tangible Assets	0	0	5	7	9	12	16	21	28	36	47	62	82	108
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	6,100	12,200	18,300
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	0	0	5	7	9	12	16	21	28	36	47	6,162	12,282	18,408
Stock & work in progress	206,509	241,007	322,109	253,226	207,400	145,614	155,996	163,017	185,910	153,387	206,806	184,851	194,339	153,947
Trade Debtors	0	0	0	0	0	0	0	20,990	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,694	12,232	5,925	5,764	0	0	0	0	0	0	0	0	0	0
Cash	63,122	35,860	23,071	48,708	31,272	46,242	27,095	22,387	8,781	18,041	17,973	13,591	7,222	37,816
misc current assets	0	0	116	0	0	0	0	0	0	0	0	0	0	0
total current assets	283,325	289,099	351,221	307,698	238,672	191,856	183,091	206,394	194,691	171,428	224,779	198,442	201,561	191,763
total assets	283,325	289,099	351,226	307,705	238,681	191,868	183,107	206,415	194,719	171,464	224,826	204,604	213,843	210,171
Bank overdraft	37,500	47,232	50,000	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	117,950	118,629	181,653	165,949	120,065	107,783	95,624	107,327	121,213	118,678	131,714	110,889	120,585	108,087
Group/Directors Accounts	38,206	25,457	17,978	42,201	29,173	3,865	3,708	3,942	0	0	0	0	0	0
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	12,677	12,880	11,327	14,020	15,351	17,191	13,836	11,927	0	0	0	0	0	0
total current liabilities	206,333	204,198	260,958	222,170	164,589	128,839	113,168	123,196	121,213	118,678	131,714	110,889	120,585	108,087
loans	40,000	40,000	40,000	40,000	40,000	40,000	60,000	80,000	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	70,000	50,000	90,000	90,000	90,000	100,000
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	40,000	40,000	40,000	40,000	40,000	40,000	60,000	80,000	70,000	50,000	90,000	90,000	90,000	100,000
total liabilities	246,333	244,198	300,958	262,170	204,589	168,839	173,168	203,196	191,213	168,678	221,714	200,889	210,585	208,087
net assets	36,992	44,901	50,268	45,535	34,092	23,029	9,939	3,219	3,506	2,786	3,112	3,715	3,258	2,084
total shareholders funds	36,992	44,901	50,268	45,535	34,092	23,029	9,939	3,219	3,506	2,786	3,112	3,715	3,258	2,084

	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017	Apr 2016	Apr 2015	Apr 2014	Apr 2013	Apr 2012	Apr 2011	Apr 2010
Operating Activities
Operating Profit	-1,570	394	9,772	16,527	16,067	19,227	12,609	2,235	833	-416	-682	549	1,474	1,411
Depreciation	0	5	2	2	3	4	5	7	8	11	15	20	26	34
Amortisation	0	0	0	0	0	0	0	0	0	0	6,100	6,100	6,100	6,100
Tax	0	0	-1,110	-2,684	-2,595	-3,070	-1,576	0	-180	0	0	-144	-412	-422
Stock	-34,498	-81,102	68,883	45,826	61,786	-10,382	-7,021	-22,893	32,523	-53,419	21,955	-9,488	40,392	153,947
Debtors	1,462	6,307	161	5,764	0	0	-20,990	20,990	0	0	0	0	0	0
Creditors	-679	-63,024	15,704	45,884	12,282	12,159	-11,703	-13,886	2,535	-13,036	20,825	-9,696	12,498	108,087
Accruals and Deferred Income	-203	1,553	-2,693	-1,331	-1,840	3,355	1,909	11,927	0	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	30,584	13,723	-47,369	6,808	-37,869	42,057	29,255	2,186	-29,327	39,978	4,303	6,317	-20,706	-38,737
Investing Activities
capital expenditure	0	0	0	0	0	0	0	0	0	0	0	0	0	-24,542
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	0	0	0	0	0	0	0	0	0	0	0	-24,542
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	12,749	7,479	-24,223	13,028	25,308	157	-234	3,942	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	-20,000	-20,000	80,000	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-70,000	20,000	-40,000	0	0	-10,000	100,000
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	1,000
interest	-6,340	-5,761	-3,929	-2,400	-2,409	-3,067	-4,313	-2,522	67	90	79	52	113	95
cash flow from financing	6,409	1,718	-28,152	10,628	22,899	-22,910	-24,547	11,420	20,067	-39,910	79	52	-9,887	101,095
cash and cash equivalents
cash	27,262	12,789	-25,637	17,436	-14,970	19,147	4,708	13,606	-9,260	68	4,382	6,369	-30,594	37,816
overdraft	-9,732	-2,768	50,000	0	0	0	0	0	0	0	0	0	0	0
change in cash	36,994	15,557	-75,637	17,436	-14,970	19,147	4,708	13,606	-9,260	68	4,382	6,369	-30,594	37,816

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for jemsco limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in SS9 area or any other competitors across 12 key performance metrics.

JEMSCO LIMITED group structure

Jemsco Limited has no subsidiary companies.

Ultimate parent company

JEMSCO LIMITED

04676561

JEMSCO LIMITED Shareholders

jason glen cohen	50%
martin bernard cohen	50%

Jemsco Limited currently has 2 directors. The longest serving directors include Mr Martin Cohen (Feb 2003) and Mr Jason Cohen (Feb 2003).

officer	country	age	start	end	role
Mr Martin Cohen	United Kingdom	58 years	Feb 2003	-	Director
Mr Jason Cohen	United Kingdom	55 years	Feb 2003	-	Director

P&L

April 2023

turnover

1.4m

-5%

operating profit

-1.6k

gross margin

11.2%

-4.81%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

April 2023

net assets

37k

-0.18%

total assets

283.3k

-0.02%

cash

63.1k

+0.76%

net assets

Total assets minus all liabilities

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company number

04676561

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

February 2003

accounts

Total Exemption Full

ultimate parent company

None

previous names

speed 9513 limited (March 2003)

last accounts submitted

April 2023

address

c/o segrave & partners, 1208-1210 london road, leigh on sea, essex, SS9 2UA

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.

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jemsco limited Company Information

jemsco limited Estimated Valuation

jemsco limited Estimated Valuation

jemsco limited Estimated Valuation

Jemsco Limited Overview

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JEMSCO LIMITED financials

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jemsco limited Companies House Filings - See Documents