My First Car Ltd

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SOLUTIONS

my first car ltd Company Information

Live

MatureMicroHigh

Company Number

05171629

Next Accounts

Mar 2026

Industry

Sale of used cars and light motor vehicles

Directors

Samuel Tustain

Shareholders

samuel tustain

Group Structure

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Contact

Registered Address

the annex old oak barn, clattercut lane, rushock, WR9 0NN

Website

www.myfirstcar.co.uk

my first car ltd Estimated Valuation

£807.6k

Pomanda estimates the enterprise value of MY FIRST CAR LTD at £807.6k based on Net Assets of £281.3k and 2.87x industry multiple (adjusted for liquidity).

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My First Car Ltd is a live company located in rushock, WR9 0NN with a Companies House number of 05171629. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in July 2004, it's largest shareholder is samuel tustain with a 100% stake. My First Car Ltd is a mature, micro sized company, Pomanda has estimated its turnover at £494.6k with high growth in recent years.

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Pomanda's financial health check has awarded My First Car Ltd a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

2 Regular

4 Weak

Size

annual sales of £494.6k, make it smaller than the average company (£1.9m)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (12.9%)

EXPORT

My First Car Ltd's latest turnover from June 2024 is estimated at £494.6 thousand and the company has net assets of £281.3 thousand. According to their latest financial statements, My First Car Ltd has 1 employee and maintains cash reserves of £151.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	May 2012	May 2011	May 2010
Turnover	494,590	416,036	707,616	246,496	340,374	566,015	734,479	463,337	489,173	293,287	226,958	109,874	343,141	671,200	598,420
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	436,970	369,641	628,003	219,858	299,967	501,462	651,202	410,035	429,404	256,144	200,394	97,863	303,538	589,958	522,334
Gross Profit	57,620	46,394	79,613	26,639	40,407	64,552	83,278	53,302	59,769	37,143	26,563	12,011	39,603	81,242	76,087
Admin Expenses	20,425	-12,471	35,857	-65,985	43,892	15,746	39,899	48,013	67,861	31,994	19,133	-253	26,202	80,141	76,924
Operating Profit	37,195	58,865	43,756	92,624	-3,485	48,806	43,379	5,289	-8,092	5,149	7,430	12,264	13,401	1,101	-837
Interest Payable	1,396	2,978	3,199	3,022	1,525	0	0	0	0	0	0	0	0	0	0
Interest Receivable	7,620	4,701	1,611	145	46	156	105	16	97	132	65	137	199	164	82
Pre-Tax Profit	43,419	60,588	42,169	89,748	-4,964	48,962	43,484	5,305	-7,995	5,281	7,495	12,401	13,600	1,265	-755
Tax	-10,855	-15,147	-8,012	-17,052	0	-9,303	-8,262	-1,008	0	-1,056	-1,574	-2,852	-3,264	-329	0
Profit After Tax	32,564	45,441	34,157	72,696	-4,964	39,659	35,222	4,297	-7,995	4,225	5,921	9,549	10,336	936	-755
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	32,564	45,441	34,157	72,696	-4,964	39,659	35,222	4,297	-7,995	4,225	5,921	9,549	10,336	936	-755
Employee Costs	33,853	31,386	31,187	29,019	28,907	28,480	28,736	28,073	27,039	26,335	25,403	25,406	24,996	48,817	49,314
Number Of Employees	1	1	1	1	1	1	1	1	1	1	1	1	1	2	2
EBITDA*	47,795	67,058	50,521	101,140	5,077	48,806	46,113	5,572	-7,846	5,397	9,926	15,001	16,497	4,737	1,163

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	May 2012	May 2011	May 2010
Tangible Assets	23,352	20,844	19,993	25,843	28,091	35,883	20,567	574	499	745	993	1,489	2,226	3,322	4,958
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	2,000	4,000	6,000	8,000
Investments & Other	0	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	0
Total Fixed Assets	23,352	20,844	19,993	25,843	28,091	35,883	20,567	574	499	745	993	3,489	6,226	9,322	12,958
Stock & work in progress	151,215	169,545	244,184	57,750	92,316	159,720	187,861	96,550	66,350	49,612	24,750	15,150	3,000	28,800	14,600
Trade Debtors	0	600	0	0	0	17,782	12,582	15,500	11,300	0	0	0	0	0	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash	151,631	138,664	49,386	208,430	82,443	8,580	32,987	9,101	4,014	34,911	17,875	7,994	46,913	32,758	32,758
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	302,846	308,809	293,570	266,180	174,759	186,082	233,430	121,151	81,664	84,523	42,625	23,144	49,913	61,558	47,358
total assets	326,198	329,653	313,563	292,023	202,850	221,965	253,997	121,725	82,163	85,268	43,618	26,633	56,139	70,880	60,316
Bank overdraft	0	0	0	0	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	0
Trade Creditors	4,791	3,662	4,213	3,049	2,600	2,260	24,651	3,076	0	0	17,629	6,565	45,620	70,697	61,069
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
other short term finances	0	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	0
other current liabilities	30,274	62,286	66,897	70,774	53,817	118,308	167,608	92,133	59,944	55,054	0	0	0	0	0
total current liabilities	35,065	65,948	71,110	73,823	56,417	120,568	192,259	95,209	59,944	55,054	17,629	6,565	45,620	70,697	61,069
loans	9,842	14,978	39,167	49,071	50,000	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	0
Accruals and Deferred Income	0	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	0
provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	9,842	14,978	39,167	49,071	50,000	0	0	0	0	0	0	0	0	0	0
total liabilities	44,907	80,926	110,277	122,894	106,417	120,568	192,259	95,209	59,944	55,054	17,629	6,565	45,620	70,697	61,069
net assets	281,291	248,727	203,286	169,129	96,433	101,397	61,738	26,516	22,219	30,214	25,989	20,068	10,519	183	-753
total shareholders funds	281,291	248,727	203,286	169,129	96,433	101,397	61,738	26,516	22,219	30,214	25,989	20,068	10,519	183	-753

	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017	Jun 2016	Jun 2015	Jun 2014	Jun 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	37,195	58,865	43,756	92,624	-3,485	48,806	43,379	5,289	-8,092	5,149	7,430	12,264	13,401	1,101	-837
Depreciation	10,600	8,193	6,765	8,516	8,562	0	2,734	283	246	248	496	737	1,096	1,636	2,000
Amortisation	0	0	0	0	0	0	0	0	0	0	2,000	2,000	2,000	2,000	0
Tax	-10,855	-15,147	-8,012	-17,052	0	-9,303	-8,262	-1,008	0	-1,056	-1,574	-2,852	-3,264	-329	0
Stock	-18,330	-74,639	186,434	-34,566	-67,404	-28,141	91,311	30,200	16,738	24,862	9,600	12,150	-25,800	14,200	14,600
Debtors	-600	600	0	0	-17,782	5,200	-2,918	4,200	11,300	0	0	0	0	0	0
Creditors	1,129	-551	1,164	449	340	-22,391	21,575	3,076	0	-17,629	11,064	-39,055	-25,077	9,628	61,069
Accruals and Deferred Income	-32,012	-4,611	-3,877	16,957	-64,491	-49,300	75,475	32,189	4,890	55,054	0	0	0	0	0
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	24,987	120,788	-146,638	136,060	26,112	-9,247	46,508	5,429	-30,994	16,904	9,816	-39,056	13,956	-164	47,632
Investing Activities
capital expenditure	-13,108	-9,044	-915	-6,268	-770	-15,316	-22,727	-358	0	0	0	0	0	0	-14,958
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-13,108	-9,044	-915	-6,268	-770	-15,316	-22,727	-358	0	0	0	0	0	0	-14,958
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	-5,136	-24,189	-9,904	-929	50,000	0	0	0	0	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	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	0	0	0	0	2
interest	6,224	1,723	-1,588	-2,877	-1,479	156	105	16	97	132	65	137	199	164	82
cash flow from financing	1,088	-22,466	-11,492	-3,806	48,521	156	105	16	97	132	65	137	199	164	84
cash and cash equivalents
cash	12,967	89,278	-159,044	125,987	73,863	-24,407	23,886	5,087	-30,897	17,036	9,881	-38,919	14,155	0	32,758
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	12,967	89,278	-159,044	125,987	73,863	-24,407	23,886	5,087	-30,897	17,036	9,881	-38,919	14,155	0	32,758

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 my first car ltd by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in WR9 area or any other competitors across 12 key performance metrics.

MY FIRST CAR LTD group structure

My First Car Ltd has no subsidiary companies.

Ultimate parent company

MY FIRST CAR LTD

05171629

MY FIRST CAR LTD Shareholders

samuel tustain

100%

My First Car Ltd currently has 1 director, Mr Samuel Tustain serving since Dec 2009.

officer	country	age	start	end	role
Mr Samuel Tustain	United Kingdom	42 years	Dec 2009	-	Director

P&L

June 2024

turnover

494.6k

+19%

operating profit

37.2k

gross margin

11.7%

+4.47%

turnover

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

Balance Sheet

June 2024

net assets

281.3k

+0.13%

total assets

326.2k

-0.01%

cash

151.6k

+0.09%

net assets

Total assets minus all liabilities

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company number

05171629

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

July 2004

ultimate parent company

None

previous names

N/A

address

the annex old oak barn, clattercut lane, rushock, WR9 0NN

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my first car ltd Company Information

my first car ltd Estimated Valuation

my first car ltd Estimated Valuation

my first car ltd Estimated Valuation

My First Car Ltd Overview

My First Car Ltd Health Check

MY FIRST CAR LTD financials

my first car ltd Credit Report and Business Information

My First Car Ltd Competitor Analysis

my first car ltd Ownership

my first car ltd directors

my first car ltd company details

my first car ltd Charges & Mortgages

my first car ltd Capital Raised & Share Issues BETA

my first car ltd Companies House Filings - See Documents