new fleet services ltd
new fleet services ltd Company Information
Group Structure
View All
Industry
Maintenance and repair of motor vehicles
Registered Address
26 the green, kings norton, birmingham, west midlands, B38 8SD
Website
www.newfleetservices.comnew fleet services ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW FLEET SERVICES LTD at £431.3k based on a Turnover of £2.1m and 0.21x industry multiple (adjusted for size and gross margin).
new fleet services ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW FLEET SERVICES LTD at £796.7k based on an EBITDA of £256.3k and a 3.11x industry multiple (adjusted for size and gross margin).
new fleet services ltd Estimated Valuation
Pomanda estimates the enterprise value of NEW FLEET SERVICES LTD at £4.3m based on Net Assets of £1.5m and 2.84x industry multiple (adjusted for liquidity).
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New Fleet Services Ltd Overview
New Fleet Services Ltd is a live company located in birmingham, B38 8SD with a Companies House number of 04981276. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in December 2003, it's largest shareholder is rockie ray newell with a 100% stake. New Fleet Services Ltd is a mature, small sized company, Pomanda has estimated its turnover at £2.1m with declining growth in recent years.
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New Fleet Services Ltd Health Check
Pomanda's financial health check has awarded New Fleet Services Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 5 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
5 Weak
Size
annual sales of £2.1m, make it larger than the average company (£668.2k)
- New Fleet Services Ltd
£668.2k - Industry AVG
Growth
3 year (CAGR) sales growth of -1%, show it is growing at a slower rate (9.4%)
- New Fleet Services Ltd
9.4% - Industry AVG
Production
with a gross margin of 20.3%, this company has a higher cost of product (34.3%)
- New Fleet Services Ltd
34.3% - Industry AVG
Profitability
an operating margin of 10.8% make it more profitable than the average company (5.5%)
- New Fleet Services Ltd
5.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (9)
3 - New Fleet Services Ltd
9 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- New Fleet Services Ltd
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £690.2k, this is more efficient (£110.4k)
- New Fleet Services Ltd
£110.4k - Industry AVG
Debtor Days
it gets paid by customers after 173 days, this is later than average (34 days)
- New Fleet Services Ltd
34 days - Industry AVG
Creditor Days
its suppliers are paid after 18 days, this is quicker than average (43 days)
- New Fleet Services Ltd
43 days - Industry AVG
Stock Days
it holds stock equivalent to 3 days, this is less than average (28 days)
- New Fleet Services Ltd
28 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 71 weeks, this is more cash available to meet short term requirements (13 weeks)
71 weeks - New Fleet Services Ltd
13 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 16.2%, this is a lower level of debt than the average (66.2%)
16.2% - New Fleet Services Ltd
66.2% - Industry AVG
NEW FLEET SERVICES LTD financials
New Fleet Services Ltd's latest turnover from December 2023 is estimated at £2.1 million and the company has net assets of £1.5 million. According to their latest financial statements, New Fleet Services Ltd has 3 employees and maintains cash reserves of £316.3 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 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | |||||||||||||||
| Tax | |||||||||||||||
| Profit After Tax | |||||||||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | |||||||||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 3 | 3 | 1 | 3 | 4 | 4 | |||||||||
| EBITDA* |
* 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 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 472,878 | 462,100 | 742,369 | 438,753 | 442,346 | 419,309 | 33,722 | 45,405 | 24,680 | 789 | 1,633 | 2,477 | 3,152 | 4,741 | 2,502 |
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | |||||||||||||||
| Total Fixed Assets | 472,878 | 462,100 | 742,369 | 438,753 | 442,346 | 419,309 | 33,722 | 45,405 | 24,680 | 789 | 1,633 | 2,477 | 3,152 | 4,741 | 2,502 |
| Stock & work in progress | 17,250 | 31,277 | 25,410 | 45,330 | 45,370 | 43,503 | 24,524 | ||||||||
| Trade Debtors | 984,053 | 648,809 | 376,253 | 868,528 | 680,678 | 562,481 | 651,288 | 511,591 | 437,596 | 410,649 | 319,946 | 79,377 | 50,846 | 31,350 | 33,302 |
| Group Debtors | |||||||||||||||
| Misc Debtors | |||||||||||||||
| Cash | 316,294 | 580,529 | 28,409 | 45,785 | 12,766 | 23,333 | 95,136 | 58,768 | 28,780 | 8,173 | |||||
| misc current assets | |||||||||||||||
| total current assets | 1,317,597 | 1,260,615 | 376,253 | 868,528 | 680,678 | 562,481 | 651,288 | 565,410 | 528,711 | 468,785 | 386,782 | 199,037 | 109,614 | 60,130 | 41,475 |
| total assets | 1,790,475 | 1,722,715 | 1,118,622 | 1,307,281 | 1,123,024 | 981,790 | 685,010 | 610,815 | 553,391 | 469,574 | 388,415 | 201,514 | 112,766 | 64,871 | 43,977 |
| Bank overdraft | 49,054 | 9,540 | |||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 84,431 | 66,186 | 517,503 | 115,670 | 105,083 | 72,461 | 64,643 | 87,486 | 68,172 | 78,085 | 80,978 | 57,021 | 59,618 | 24,067 | 43,108 |
| Group/Directors Accounts | 51,621 | 21,323 | |||||||||||||
| other short term finances | 10,000 | 10,000 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 87,182 | 82,743 | |||||||||||||
| total current liabilities | 230,667 | 220,090 | 517,503 | 115,670 | 105,083 | 72,461 | 64,643 | 87,486 | 68,172 | 78,085 | 80,978 | 57,021 | 59,618 | 45,390 | 43,108 |
| loans | 59,711 | 174,061 | |||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 189,366 | 221,256 | 182,768 | 189,467 | |||||||||||
| provisions | |||||||||||||||
| total long term liabilities | 59,711 | 174,061 | 189,366 | 221,256 | 182,768 | 189,467 | |||||||||
| total liabilities | 290,378 | 394,151 | 706,869 | 336,926 | 287,851 | 261,928 | 64,643 | 87,486 | 68,172 | 78,085 | 80,978 | 57,021 | 59,618 | 45,390 | 43,108 |
| net assets | 1,500,097 | 1,328,564 | 411,753 | 970,355 | 835,173 | 719,862 | 620,367 | 523,329 | 485,219 | 391,489 | 307,437 | 144,493 | 53,148 | 19,481 | 869 |
| total shareholders funds | 1,500,097 | 1,328,564 | 411,753 | 970,355 | 835,173 | 719,862 | 620,367 | 523,329 | 485,219 | 391,489 | 307,437 | 144,493 | 53,148 | 19,481 | 869 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Sep 2012 | Sep 2011 | Sep 2010 | Sep 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | |||||||||||||||
| Depreciation | 33,564 | 5,209 | 844 | 844 | 675 | 1,589 | 2,261 | 1,586 | |||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | -14,027 | 31,277 | -25,410 | -19,920 | -40 | 1,867 | 18,979 | 24,524 | |||||||
| Debtors | 335,244 | 272,556 | -492,275 | 187,850 | 118,197 | -88,807 | 139,697 | 73,995 | 26,947 | 90,703 | 240,569 | 28,531 | 19,496 | -1,952 | 33,302 |
| Creditors | 18,245 | -451,317 | 401,833 | 10,587 | 32,622 | 7,818 | -22,843 | 19,314 | -9,913 | -2,893 | 23,957 | -2,597 | 35,551 | -19,041 | 43,108 |
| Accruals and Deferred Income | 4,439 | 82,743 | |||||||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | -51,621 | 51,621 | -21,323 | 21,323 | |||||||||||
| Other Short Term Loans | 10,000 | ||||||||||||||
| Long term loans | -114,350 | 174,061 | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | -189,366 | -31,890 | 38,488 | -6,699 | 189,467 | ||||||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | |||||||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -264,235 | 580,529 | -28,409 | -17,376 | 33,019 | -10,567 | -71,803 | 36,368 | 29,988 | 20,607 | 8,173 | ||||
| overdraft | 39,514 | 9,540 | |||||||||||||
| change in cash | -303,749 | 570,989 | -28,409 | -17,376 | 33,019 | -10,567 | -71,803 | 36,368 | 29,988 | 20,607 | 8,173 |
new fleet services ltd Credit Report and Business Information
New Fleet Services Ltd Competitor Analysis
Perform a competitor analysis for new fleet services ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in B38 area or any other competitors across 12 key performance metrics.
new fleet services ltd Ownership
NEW FLEET SERVICES LTD group structure
New Fleet Services Ltd has no subsidiary companies.
Ultimate parent company
NEW FLEET SERVICES LTD
04981276
new fleet services ltd directors
New Fleet Services Ltd currently has 1 director, Rockie Newell serving since Dec 2003.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Rockie Newell | United Kingdom | 46 years | Dec 2003 | - | Director |
P&L
December 2023turnover
2.1m
+56%
operating profit
222.7k
0%
gross margin
20.4%
+4.93%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
1.5m
+0.13%
total assets
1.8m
+0.04%
cash
316.3k
-0.46%
net assets
Total assets minus all liabilities
new fleet services ltd company details
company number
04981276
Type
Private limited with Share Capital
industry
45200 - Maintenance and repair of motor vehicles
incorporation date
December 2003
age
22
incorporated
UK
ultimate parent company
accounts
Unaudited Abridged
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
-
address
26 the green, kings norton, birmingham, west midlands, B38 8SD
Bank
-
Legal Advisor
-
new fleet services ltd 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 did not find charges/mortgages relating to new fleet services ltd.
new fleet services ltd 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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new fleet services ltd Companies House Filings - See Documents
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