dace motor company limited
dace motor company limited Company Information
Group Structure
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Industry
Sale of used cars and light motor vehicles
Registered Address
greg street, reddish, stockport, cheshire, SK5 7BS
dace motor company limited Estimated Valuation
Pomanda estimates the enterprise value of DACE MOTOR COMPANY LIMITED at £40.7m based on a Turnover of £65.8m and 0.62x industry multiple (adjusted for size and gross margin).
dace motor company limited Estimated Valuation
Pomanda estimates the enterprise value of DACE MOTOR COMPANY LIMITED at £11.3m based on an EBITDA of £1.4m and a 7.96x industry multiple (adjusted for size and gross margin).
dace motor company limited Estimated Valuation
Pomanda estimates the enterprise value of DACE MOTOR COMPANY LIMITED at £16.4m based on Net Assets of £5.5m and 2.98x industry multiple (adjusted for liquidity).
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Dace Motor Company Limited Overview
Dace Motor Company Limited is a live company located in stockport, SK5 7BS with a Companies House number of 04765928. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in May 2003, it's largest shareholder is steven francis dace with a 100% stake. Dace Motor Company Limited is a mature, large sized company, Pomanda has estimated its turnover at £65.8m with healthy growth in recent years.
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Dace Motor Company Limited Health Check
Pomanda's financial health check has awarded Dace Motor Company Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs
6 Strong
3 Regular
3 Weak
Size
annual sales of £65.8m, make it larger than the average company (£2.4m)
£65.8m - Dace Motor Company Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 10%, show it is growing at a faster rate (8.2%)
10% - Dace Motor Company Limited
8.2% - Industry AVG
Production
with a gross margin of 9.9%, this company has a comparable cost of product (11.1%)
9.9% - Dace Motor Company Limited
11.1% - Industry AVG
Profitability
an operating margin of 1.9% make it less profitable than the average company (2.8%)
1.9% - Dace Motor Company Limited
2.8% - Industry AVG
Employees
with 96 employees, this is above the industry average (8)
96 - Dace Motor Company Limited
8 - Industry AVG
Pay Structure
on an average salary of £35.9k, the company has an equivalent pay structure (£32.1k)
£35.9k - Dace Motor Company Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £685.8k, this is more efficient (£463.6k)
£685.8k - Dace Motor Company Limited
£463.6k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (9 days)
1 days - Dace Motor Company Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (15 days)
9 days - Dace Motor Company Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 48 days, this is less than average (65 days)
48 days - Dace Motor Company Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)
0 weeks - Dace Motor Company Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 63.1%, this is a similar level of debt than the average (69.2%)
63.1% - Dace Motor Company Limited
69.2% - Industry AVG
DACE MOTOR COMPANY LIMITED financials
Dace Motor Company Limited's latest turnover from May 2023 is £65.8 million and the company has net assets of £5.5 million. According to their latest financial statements, Dace Motor Company Limited has 96 employees and maintains cash reserves of £264 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 | 65,837,498 | 72,753,440 | 61,377,443 | 48,935,517 | 54,130,516 | 52,987,273 | 51,608,114 | 42,964,183 | 34,362,813 | 24,760,961 | ||||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 59,350,805 | 65,622,994 | 54,454,640 | 43,757,287 | 48,243,598 | 46,876,863 | 45,515,210 | 37,486,246 | 29,539,645 | 21,453,117 | ||||
| Gross Profit | 6,486,693 | 7,130,446 | 6,922,803 | 5,178,230 | 5,886,918 | 6,110,410 | 6,092,904 | 5,477,937 | 4,823,168 | 3,307,844 | ||||
| Admin Expenses | 5,248,556 | 5,391,679 | 4,562,043 | 4,760,708 | 4,412,289 | 4,358,345 | 3,821,153 | 3,146,209 | 2,346,371 | |||||
| Operating Profit | 1,238,137 | 1,738,767 | 2,360,760 | 1,126,210 | 1,698,121 | 1,734,559 | 1,656,784 | 1,676,959 | 961,473 | |||||
| Interest Payable | 211,566 | 90,145 | 76,892 | 110,373 | 70,695 | 38,842 | 42,714 | 32,870 | 51,816 | 12,552 | ||||
| Interest Receivable | 0 | 0 | 0 | 0 | 1,561 | 1,537 | 1,581 | 0 | 0 | 0 | ||||
| Pre-Tax Profit | 1,026,571 | 1,648,622 | 2,283,868 | 952,093 | 1,057,076 | 1,660,816 | 1,693,426 | 1,623,914 | 1,625,143 | 948,921 | ||||
| Tax | -279,288 | -340,841 | -456,853 | -205,938 | -223,535 | -333,660 | -356,303 | -340,203 | -327,468 | -222,828 | ||||
| Profit After Tax | 747,283 | 1,307,781 | 1,827,015 | 746,155 | 833,541 | 1,327,156 | 1,337,123 | 1,283,711 | 1,297,675 | 726,093 | ||||
| Dividends Paid | 601,000 | 1,091,000 | 1,467,000 | 982,000 | 457,000 | 432,000 | 57,000 | 2,050,000 | 263,000 | 333,000 | ||||
| Retained Profit | 146,283 | 216,781 | 360,015 | -235,845 | 376,541 | 895,156 | 1,280,123 | -766,289 | 1,034,675 | 393,093 | ||||
| Employee Costs | 3,448,506 | 3,685,156 | 3,523,557 | 3,088,754 | 3,270,570 | 3,183,266 | 3,135,143 | 2,803,404 | 2,285,598 | 1,629,757 | ||||
| Number Of Employees | 96 | 96 | 97 | 97 | 108 | 104 | 93 | 86 | 76 | 58 | ||||
| EBITDA* | 1,414,036 | 1,928,091 | 2,553,339 | 1,294,456 | 1,838,153 | 1,861,659 | 1,776,522 | 1,779,904 | 1,006,828 |
* 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 | 6,597,966 | 2,672,261 | 2,044,895 | 2,150,874 | 2,298,450 | 1,457,387 | 1,516,984 | 1,296,921 | 1,358,697 | 997,622 | 500,758 | 424,477 | 58,526 | 44,233 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,000 | 140,000 | 210,000 |
| 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 | 6,597,966 | 2,672,261 | 2,044,895 | 2,150,874 | 2,298,450 | 1,457,387 | 1,516,984 | 1,296,921 | 1,358,697 | 997,622 | 500,758 | 494,477 | 198,526 | 254,233 |
| Stock & work in progress | 7,952,891 | 7,568,286 | 7,598,783 | 5,043,508 | 6,344,373 | 5,985,433 | 5,304,412 | 4,757,125 | 3,899,105 | 3,023,264 | 1,944,640 | 1,374,406 | 1,229,399 | 1,511,975 |
| Trade Debtors | 307,911 | 445,235 | 308,726 | 153,994 | 258,209 | 329,160 | 403,967 | 194,243 | 346,307 | 144,457 | 275,328 | 118,381 | 160,986 | 130,066 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 59,369 | 498,941 | 487,528 | 2,342,001 | 1,327,211 | 68,856 | 127,587 | 90,674 | 51,984 | 246,600 | 0 | 0 | 0 | 0 |
| Cash | 264 | 264 | 264 | 264 | 264 | 264 | 264 | 264 | 573 | 262 | 264 | 264 | 264 | 264 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 8,320,435 | 8,512,726 | 8,395,301 | 7,539,767 | 7,930,057 | 6,383,713 | 5,836,230 | 5,042,306 | 4,297,969 | 3,414,583 | 2,220,232 | 1,493,051 | 1,390,649 | 1,642,305 |
| total assets | 14,918,401 | 11,184,987 | 10,440,196 | 9,690,641 | 10,228,507 | 7,841,100 | 7,353,214 | 6,339,227 | 5,656,666 | 4,412,205 | 2,720,990 | 1,987,528 | 1,589,175 | 1,896,538 |
| Bank overdraft | 2,782,655 | 2,732,587 | 2,002,269 | 1,703,354 | 2,858,071 | 985,655 | 1,232,296 | 803,579 | 389,560 | 568,507 | 0 | 0 | 0 | 0 |
| Bank loan | 2,204,645 | 132,106 | 160,800 | 142,800 | 143,000 | 84,200 | 82,800 | 64,000 | 58,000 | 32,750 | 0 | 0 | 0 | 0 |
| Trade Creditors | 1,500,462 | 954,091 | 581,353 | 323,300 | 371,523 | 454,286 | 381,071 | 385,741 | 282,124 | 398,940 | 918,049 | 673,860 | 386,906 | 858,067 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 253,515 | 356,602 | 1,284,695 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 1,000,000 | 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 | 1,284,866 | 1,465,389 | 1,868,262 | 1,931,178 | 918,521 | 981,544 | 1,029,124 | 920,428 | 1,215,342 | 863,733 | 0 | 0 | 0 | 0 |
| total current liabilities | 8,772,628 | 5,284,173 | 4,612,684 | 4,100,632 | 4,291,115 | 2,759,200 | 3,081,893 | 3,458,443 | 1,945,026 | 1,863,930 | 918,049 | 673,860 | 386,906 | 858,067 |
| loans | 380,797 | 506,641 | 642,831 | 767,159 | 873,750 | 422,775 | 505,500 | 393,707 | 462,007 | 342,250 | 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 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 266,513 | 41,993 | 49,282 | 47,466 | 52,413 | 24,437 | 26,289 | 27,668 | 23,935 | 15,001 | 5,010 | 0 | 3,972 | 3,556 |
| total long term liabilities | 647,310 | 548,634 | 692,113 | 814,625 | 926,163 | 447,212 | 531,789 | 421,375 | 485,942 | 357,251 | 5,010 | 0 | 3,972 | 3,556 |
| total liabilities | 9,419,938 | 5,832,807 | 5,304,797 | 4,915,257 | 5,217,278 | 3,206,412 | 3,613,682 | 3,879,818 | 2,430,968 | 2,221,181 | 923,059 | 673,860 | 390,878 | 861,623 |
| net assets | 5,498,463 | 5,352,180 | 5,135,399 | 4,775,384 | 5,011,229 | 4,634,688 | 3,739,532 | 2,459,409 | 3,225,698 | 2,191,024 | 1,797,931 | 1,313,668 | 1,198,297 | 1,034,915 |
| total shareholders funds | 5,498,463 | 5,352,180 | 5,135,399 | 4,775,384 | 5,011,229 | 4,634,688 | 3,739,532 | 2,459,409 | 3,225,698 | 2,191,024 | 1,797,931 | 1,313,668 | 1,198,297 | 1,034,915 |
| 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 | 1,238,137 | 1,738,767 | 2,360,760 | 1,126,210 | 1,698,121 | 1,734,559 | 1,656,784 | 1,676,959 | 961,473 | |||||
| Depreciation | 175,899 | 189,324 | 192,579 | 189,116 | 168,246 | 140,032 | 127,100 | 119,738 | 102,945 | 45,355 | 13,592 | 15,977 | 12,154 | 11,160 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 70,000 | 70,000 | 70,000 | 70,000 |
| Tax | -279,288 | -340,841 | -456,853 | -205,938 | -223,535 | -333,660 | -356,303 | -340,203 | -327,468 | -222,828 | ||||
| Stock | 384,605 | -30,497 | 2,555,275 | -1,300,865 | 358,940 | 681,021 | 547,287 | 858,020 | 875,841 | 1,078,624 | 570,234 | 145,007 | -282,576 | 1,511,975 |
| Debtors | -576,896 | 147,922 | -1,699,741 | 910,575 | 1,187,404 | -133,538 | 246,637 | -113,374 | 7,234 | 115,729 | 156,947 | -42,605 | 30,920 | 130,066 |
| Creditors | 546,371 | 372,738 | 258,053 | -48,223 | -82,763 | 73,215 | -4,670 | 103,617 | -116,816 | -519,109 | 244,189 | 286,954 | -471,161 | 858,067 |
| Accruals and Deferred Income | -180,523 | -402,873 | -62,916 | 1,012,657 | -63,023 | -47,580 | 108,696 | -294,914 | 351,609 | 863,733 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 224,520 | -7,289 | 1,816 | -4,947 | 27,976 | -1,852 | -1,379 | 3,733 | 8,934 | 9,991 | 5,010 | -3,972 | 416 | 3,556 |
| Cash flow from operations | 1,917,407 | 1,432,401 | 1,437,905 | -593,233 | 980,793 | 814,079 | 504,109 | 813,088 | -55,738 | |||||
| Investing Activities | ||||||||||||||
| capital expenditure | 0 | 0 | 0 | 0 | 0 | -80,435 | -347,163 | -57,963 | ||||||
| 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 | -80,435 | -347,163 | -57,963 | ||||||
| Financing Activities | ||||||||||||||
| Bank loans | 2,072,539 | -28,694 | 18,000 | -200 | 58,800 | 1,400 | 18,800 | 6,000 | 25,250 | 32,750 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | -253,515 | -103,087 | -928,093 | 1,284,695 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 1,000,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -125,844 | -136,190 | -124,328 | -106,591 | 450,975 | -82,725 | 111,793 | -68,300 | 119,757 | 342,250 | 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | -211,566 | -90,145 | -76,892 | -110,373 | -69,134 | -37,305 | -41,133 | -32,870 | -51,816 | -12,552 | ||||
| cash flow from financing | 2,735,129 | -255,029 | -183,220 | -217,164 | 187,126 | -221,717 | -838,633 | 1,189,525 | 93,190 | 362,448 | ||||
| cash and cash equivalents | ||||||||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -309 | 311 | -2 | 0 | 0 | 0 | 264 |
| overdraft | 50,068 | 730,318 | 298,915 | -1,154,717 | 1,872,416 | -246,641 | 428,717 | 414,019 | -178,947 | 568,507 | 0 | 0 | 0 | 0 |
| change in cash | -50,068 | -730,318 | -298,915 | 1,154,717 | -1,872,416 | 246,641 | -428,717 | -414,328 | 179,258 | -568,509 | 0 | 0 | 0 | 264 |
dace motor company limited Credit Report and Business Information
Dace Motor Company Limited Competitor Analysis
Perform a competitor analysis for dace motor company limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other large companies, companies in SK5 area or any other competitors across 12 key performance metrics.
dace motor company limited Ownership
DACE MOTOR COMPANY LIMITED group structure
Dace Motor Company Limited has no subsidiary companies.
Ultimate parent company
DACE MOTOR COMPANY LIMITED
04765928
dace motor company limited directors
Dace Motor Company Limited currently has 1 director, Mr Steven Dace serving since May 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Steven Dace | 50 years | May 2003 | - | Director |
P&L
May 2023turnover
65.8m
-10%
operating profit
1.2m
-29%
gross margin
9.9%
+0.53%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
May 2023net assets
5.5m
+0.03%
total assets
14.9m
+0.33%
cash
264
0%
net assets
Total assets minus all liabilities
dace motor company limited company details
company number
04765928
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
May 2003
age
22
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
May 2023
previous names
dace motors limited (May 2003)
accountant
-
auditor
DJH MITTEN CLARKE AUDIT LIMITED
address
greg street, reddish, stockport, cheshire, SK5 7BS
Bank
-
Legal Advisor
-
dace motor company 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 7 charges/mortgages relating to dace motor company limited. Currently there are 6 open charges and 1 have been satisfied in the past.
dace motor company 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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dace motor company limited Companies House Filings - See Documents
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