Street Cars Manchester Limited

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street cars manchester limited Company Information

Company Number

04939390

Next Accounts

Sep 2025

Directors

Naeem Arshad

Shareholders

naeem arshad

atiq arshad

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Group Structure

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Industry

Taxi operation

Registered Address

16 chorlton street, manchester, M1 3HW

Website

www.streetcarsmanchester.co.uk

street cars manchester limited Estimated Valuation

£35.8m

Pomanda estimates the enterprise value of STREET CARS MANCHESTER LIMITED at £35.8m based on a Turnover of £18.3m and 1.95x industry multiple (adjusted for size and gross margin).

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Street Cars Manchester Limited is a live company located in manchester, M1 3HW with a Companies House number of 04939390. It operates in the taxi operation sector, SIC Code 49320. Founded in October 2003, it's largest shareholder is naeem arshad with a 32% stake. Street Cars Manchester Limited is a mature, mid sized company, Pomanda has estimated its turnover at £18.3m with declining growth in recent years.

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Pomanda's financial health check has awarded Street Cars Manchester Limited a 3.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating3.5out of 5

4 Strong

3 Regular

4 Weak

Size

annual sales of £18.3m, make it larger than the average company (£899.9k)

Growth

3 year (CAGR) sales growth of -28%, show it is growing at a slower rate (12.7%)

EXPORT

Street Cars Manchester Limited's latest turnover from December 2023 is estimated at £18.3 million and the company has net assets of £488.1 thousand. According to their latest financial statements, Street Cars Manchester Limited has 93 employees and maintains cash reserves of £3.1 thousand 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	18,296,985	14,394,035	3,888,844	49,552,910	33,358,624	20,641,972	477,020	2,769,195	9,153,956	12,225,615	6,437,937	1,383,148	1,551,115	1,616,420
Other Income Or Grants
Cost Of Sales	9,277,438	7,822,978	1,651,232	27,566,080	16,952,761	10,953,260	240,121	1,414,477	4,654,828	7,241,255	3,696,723	796,585	803,153	818,392
Gross Profit	9,019,547	6,571,058	2,237,612	21,986,831	16,405,864	9,688,712	236,899	2,166,548	2,114,708	4,984,360	2,741,214	586,563	747,962	798,028
Admin Expenses	9,090,151	6,688,621	2,140,893	22,007,364	16,211,757	9,774,831	92,572	1,877,173	1,782,725	4,780,755	2,339,057	585,673	698,997	732,747	-7,533
Operating Profit	-70,604	-117,563	96,719	-20,533	194,107	-86,119	144,327	289,375	331,983	203,605	402,157	890	48,965	65,281	7,533
Interest Payable	13,340		84,293			19,068	29,218	18,620	18,911
Interest Receivable	180	82		18	379	319	95			970	1,147	503	145	104	77
Pre-Tax Profit	-83,764	-117,481	12,426	-20,515	194,486	-104,868	115,204	270,755	313,072	204,575	403,304	1,393	49,111	65,385	7,610
Tax			-6,468		-36,952		-21,889	-46,701	-29,282	-42,961	-92,760	-334	-12,769	-18,308	-2,131
Profit After Tax	-83,764	-117,481	5,958	-20,515	157,534	-104,868	93,315	224,054	283,790	161,614	310,544	1,059	36,342	47,077	5,479
Dividends Paid			153,637					148,500	210,000
Retained Profit	-83,764	-117,481	-147,679	-20,515	157,534	-104,868	93,315	75,554	73,790	161,614	310,544	1,059	36,342	47,077	5,479
Employee Costs	2,909,771	2,705,035	3,038,096	2,474,062	2,902,732	2,093,906	136,770	1,068,866	927,727	4,231,063	2,227,861	508,104	426,494	506,000
Number Of Employees	93	95	109	105	130	100	7	73	69	149	81	20	22	23
EBITDA*	-25,412	-70,506	341,208	13,104	308,325	22,799	236,614	376,403	398,538	252,880	473,418	56,921	93,525	98,661	21,268

* 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	247,346	251,543	276,658	293,773	216,848	142,666	234,228	271,670	355,191	270,127	279,055	192,099	171,662	142,693	44,131
Intangible Assets	169,872	143,019	626,500	1,250	1,500	1,750	2,000	2,250				653	1,305	1,957	2,609
Investments & Other					4,844
Debtors (Due After 1 year)							1,441,900	1,280,728
Total Fixed Assets	417,218	394,562	903,158	295,023	223,192	144,416	1,678,128	1,554,648	355,191	270,127	279,055	192,752	172,967	144,650	46,740
Stock & work in progress
Trade Debtors	2,087,048	1,853,404	7,519,811	6,258,859	4,512,142	2,751,202			1,092,383	1,300,221	546,794	48,167	133,491	169,789	165,130
Group Debtors	578,230
Misc Debtors	261,814	29,314	29,314	18,853	18,853
Cash	3,130	3,721	975	1,661	34,162	66,973	18,114	19,774	43,417	82,993	304,882	153,851	47,499	10,669	30,849
misc current assets	118,398	100,000	100,000	100,000
total current assets	3,048,620	1,986,439	7,650,100	6,379,373	4,565,157	2,818,175	18,114	19,774	1,135,800	1,383,214	851,676	202,018	180,990	180,458	195,979
total assets	3,465,838	2,381,001	8,553,258	6,674,396	4,788,349	2,962,591	1,696,242	1,574,422	1,490,991	1,653,341	1,130,731	394,770	353,957	325,108	242,719
Bank overdraft	237,158						409,806	220,945
Bank loan
Trade Creditors	1,124,777	1,273,354	7,149,359	5,621,834	3,922,214	2,178,649	74,001	114,608	663,648	903,090	730,130	304,713	264,959	272,452	237,140
Group/Directors Accounts	560,231
other short term finances
hp & lease commitments							1,115	1,115
other current liabilities	752,673						245,496	406,223
total current liabilities	2,674,839	1,273,354	7,149,359	5,621,834	3,922,214	2,178,649	730,418	742,891	663,648	903,090	730,130	304,713	264,959	272,452	237,140
loans							155,183	113,090
hp & lease commitments							5,767	6,882
Accruals and Deferred Income		14,757	14,757	8,591	8,595	2,000
other liabilities	302,898	521,025	699,796	206,946		81,936			191,338	188,036
provisions
total long term liabilities	302,898	535,782	714,553	215,537	8,595	83,936	160,950	119,972	191,338	188,036
total liabilities	2,977,737	1,809,136	7,863,912	5,837,371	3,930,809	2,262,585	891,368	862,863	854,986	1,091,126	730,130	304,713	264,959	272,452	237,140
net assets	488,101	571,865	689,346	837,025	857,540	700,006	804,874	711,559	636,005	562,215	400,601	90,057	88,998	52,656	5,579
total shareholders funds	488,101	571,865	689,346	837,025	857,540	700,006	804,874	711,559	636,005	562,215	400,601	90,057	88,998	52,656	5,579

	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	-70,604	-117,563	96,719	-20,533	194,107	-86,119	144,327	289,375	331,983	203,605	402,157	890	48,965	65,281	7,533
Depreciation	32,618	47,057	174,739	33,387	113,968	108,668	92,037	86,778	66,555	49,275	70,608	55,379	43,908	32,728	13,083
Amortisation	12,574		69,750	250	250	250	250	250			653	652	652	652	652
Tax			-6,468		-36,952		-21,889	-46,701	-29,282	-42,961	-92,760	-334	-12,769	-18,308	-2,131
Stock
Debtors	1,044,374	-5,666,407	1,271,413	1,746,717	1,779,793	1,309,302	161,172	188,345	-207,838	753,427	498,627	-85,324	-36,298	4,659	165,130
Creditors	-148,577	-5,876,005	1,527,525	1,699,620	1,743,565	2,104,648	-40,607	-549,040	-239,442	172,960	425,417	39,754	-7,493	35,312	237,140
Accruals and Deferred Income	737,916		6,166	-4	6,595	-243,496	-160,727	406,223
Deferred Taxes & Provisions
Cash flow from operations	-480,447	-280,104	597,018	-33,997	241,740	574,649	-147,781	-1,460	337,652	-370,548	307,448	181,665	109,561	111,006	91,147
Investing Activities
capital expenditure	-67,848	461,539	-852,624	-110,312	-188,150	-17,106	-54,595	-5,757	-151,619	-40,347	-157,564	-75,816	-72,877	-131,290	-60,475
Change in Investments				-4,844	4,844
cash flow from investments	-67,848	461,539	-852,624	-105,468	-192,994	-17,106	-54,595	-5,757	-151,619	-40,347	-157,564	-75,816	-72,877	-131,290	-60,475
Financing Activities
Bank loans
Group/Directors Accounts	560,231
Other Short Term Loans
Long term loans						-155,183	42,093	113,090
Hire Purchase and Lease Commitments						-6,882	-1,115	7,997
other long term liabilities	-218,127	-178,771	492,850	206,946	-81,936	81,936		-191,338	3,302	188,036
share issue															100
interest	-13,160	82	-84,293	18	379	-18,749	-29,123	-18,620	-18,911	970	1,147	503	145	104	77
cash flow from financing	328,944	-178,689	408,557	206,964	-81,557	-98,878	11,855	-88,871	-15,609	189,006	1,147	503	145	104	177
cash and cash equivalents
cash	-591	2,746	-686	-32,501	-32,811	48,859	-1,660	-23,643	-39,576	-221,889	151,031	106,352	36,830	-20,180	30,849
overdraft	237,158					-409,806	188,861	220,945
change in cash	-237,749	2,746	-686	-32,501	-32,811	458,665	-190,521	-244,588	-39,576	-221,889	151,031	106,352	36,830	-20,180	30,849

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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STREET CARS MANCHESTER LIMITED group structure

Street Cars Manchester Limited has no subsidiary companies.

Ultimate parent company

STREET CARS MANCHESTER LIMITED

04939390

STREET CARS MANCHESTER LIMITED Shareholders

naeem arshad	32%
atiq arshad	18%
aqeel arshad	11%
hamira arshad	11%
naveed arshad	11%
sameer arshad	11%
noushaba kausar arshad	6%

Street Cars Manchester Limited currently has 1 director, Mr Naeem Arshad serving since Oct 2003.

officer	country	age	start	end	role
Mr Naeem Arshad	England	69 years	Oct 2003	-	Director

P&L

December 2023

turnover

18.3m

+27%

operating profit

-70.6k

gross margin

49.3%

+7.98%

turnover

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

Balance Sheet

December 2023

net assets

488.1k

-0.15%

total assets

3.5m

+0.46%

cash

3.1k

-0.16%

net assets

Total assets minus all liabilities

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company number

04939390

Type

Private limited with Share Capital

industry

49320 - Taxi operation

incorporation date

October 2003

ultimate parent company

None

previous names

N/A

address

16 chorlton street, manchester, M1 3HW

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We found 5 charges/mortgages relating to street cars manchester limited. Currently there are 1 open charges and 4 have been satisfied in the past.

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street cars manchester limited Company Information

street cars manchester limited Estimated Valuation

street cars manchester limited Estimated Valuation

street cars manchester limited Estimated Valuation

Street Cars Manchester Limited Overview

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STREET CARS MANCHESTER LIMITED financials

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