Icar Limited

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icar limited Company Information

Company Number

05229883

Next Accounts

Jun 2025

Directors

Theodoros Andreou

Shareholders

theodoros andreou

antonia andreou

Group Structure

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Industry

Maintenance and repair of motor vehicles

Registered Address

1st floor, 10 hampden square, southgate, london, N14 5JR

Website

icarasia.com

icar limited Estimated Valuation

£45.2k

Pomanda estimates the enterprise value of ICAR LIMITED at £45.2k based on Net Assets of £14.6k and 3.09x industry multiple (adjusted for liquidity).

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Icar Limited is a live company located in southgate, N14 5JR with a Companies House number of 05229883. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in September 2004, it's largest shareholder is theodoros andreou with a 60% stake. Icar Limited is a mature, micro sized company, Pomanda has estimated its turnover at £108k with healthy growth in recent years.

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Pomanda's financial health check has awarded Icar Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

7 Weak

Size

annual sales of £108k, make it smaller than the average company (£424.7k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a slower rate (7.5%)

EXPORT

Icar Limited's latest turnover from September 2023 is estimated at £108 thousand and the company has net assets of £14.6 thousand. According to their latest financial statements, Icar Limited has 3 employees and maintains cash reserves of £1.6 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	108,028	98,326	87,215	95,784	88,416	88,547	29,945	38,325	71,415	227,290	183,658	129,811	149,595	167,418	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	69,174	64,320	57,196	60,350	55,879	54,199	17,672	22,752	42,894	134,192	108,405	76,186	85,962	95,786	0
Gross Profit	38,854	34,007	30,019	35,434	32,537	34,348	12,273	15,573	28,521	93,098	75,253	53,625	63,633	71,632	0
Admin Expenses	39,384	5,694	14,716	30,490	25,046	40,901	19,608	24,133	37,637	91,771	79,461	34,462	50,098	82,028	10,481
Operating Profit	-530	28,313	15,303	4,944	7,491	-6,553	-7,335	-8,560	-9,116	1,327	-4,208	19,163	13,535	-10,396	-10,481
Interest Payable	0	0	0	9	10	0	0	0	0	0	0	0	0	0	0
Interest Receivable	456	202	3	2	3	8	2	4	20	14	6	5	3	6	4
Pre-Tax Profit	-74	28,515	15,306	4,937	7,484	-6,545	-7,333	-8,556	-9,096	1,341	-4,202	19,168	13,538	-10,390	-10,477
Tax	0	-5,418	-2,908	-938	-1,422	0	0	0	0	-282	0	-4,600	-3,520	0	0
Profit After Tax	-74	23,097	12,398	3,999	6,062	-6,545	-7,333	-8,556	-9,096	1,059	-4,202	14,568	10,018	-10,390	-10,477
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-74	23,097	12,398	3,999	6,062	-6,545	-7,333	-8,556	-9,096	1,059	-4,202	14,568	10,018	-10,390	-10,477
Employee Costs	82,048	76,828	76,097	77,793	84,382	85,361	27,026	26,616	26,604	80,082	52,631	49,365	47,837	47,138	0
Number Of Employees	3	3	3	3	3	3	1	1	1	3	2	2	2	2	0
EBITDA*	1,182	30,326	17,593	8,077	10,737	-2,734	-4,463	-6,520	-6,976	3,367	-1,489	22,031	16,137	-7,504	-10,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	9,698	11,410	13,423	17,759	18,397	21,643	25,462	28,334	29,450	24,831	26,871	29,590	23,422	26,024	2,725
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
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	9,698	11,410	13,423	17,759	18,397	21,643	25,462	28,334	29,450	24,831	26,871	29,590	23,422	26,024	2,725
Stock & work in progress	1,440	1,200	1,600	1,800	850	2,260	3,440	5,840	9,750	9,560	6,640	3,470	2,760	3,240	2,945
Trade Debtors	6,886	8,305	3,378	3,028	1,085	116	0	2,763	903	15,860	10,982	6,386	7,462	6,288	1,609
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	2,877	0	0	0	0	0	0	650	3,598	0	0	0	0	0	0
Cash	1,602	15,783	2,141	4,280	0	880	1,327	376	3,100	4,769	673	1,786	334	822	1,547
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	12,805	25,288	7,119	9,108	1,935	3,256	4,767	9,629	17,351	30,189	18,295	11,642	10,556	10,350	6,101
total assets	22,503	36,698	20,542	26,867	20,332	24,899	30,229	37,963	46,801	55,020	45,166	41,232	33,978	36,374	8,826
Bank overdraft	0	0	0	0	310	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	2,107	197	3,145	5,474	4,831	9,035	4,533	4,139	23,291	54,443	45,648	37,512	44,826	57,240	19,302
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	5,768	21,799	25,792	42,186	39,983	46,718	50,005	50,899	32,029	0	0	0	0	0	0
total current liabilities	7,875	21,996	28,937	47,660	45,124	55,753	54,538	55,038	55,320	54,443	45,648	37,512	44,826	57,240	19,302
loans	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
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	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total liabilities	7,875	21,996	28,937	47,660	45,124	55,753	54,538	55,038	55,320	54,443	45,648	37,512	44,826	57,240	19,302
net assets	14,628	14,702	-8,395	-20,793	-24,792	-30,854	-24,309	-17,075	-8,519	577	-482	3,720	-10,848	-20,866	-10,476
total shareholders funds	14,628	14,702	-8,395	-20,793	-24,792	-30,854	-24,309	-17,075	-8,519	577	-482	3,720	-10,848	-20,866	-10,476

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	-530	28,313	15,303	4,944	7,491	-6,553	-7,335	-8,560	-9,116	1,327	-4,208	19,163	13,535	-10,396	-10,481
Depreciation	1,712	2,013	2,290	3,133	3,246	3,819	2,872	2,040	2,140	2,040	2,719	2,868	2,602	2,892	481
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-5,418	-2,908	-938	-1,422	0	0	0	0	-282	0	-4,600	-3,520	0	0
Stock	240	-400	-200	950	-1,410	-1,180	-2,400	-3,910	190	2,920	3,170	710	-480	295	2,945
Debtors	1,458	4,927	350	1,943	969	116	-3,413	-1,088	-11,359	4,878	4,596	-1,076	1,174	4,679	1,609
Creditors	1,910	-2,948	-2,329	643	-4,204	4,502	394	-19,152	-31,152	8,795	8,136	-7,314	-12,414	37,938	19,302
Accruals and Deferred Income	-16,031	-3,993	-16,394	2,203	-6,735	-3,287	-894	18,870	32,029	0	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	-14,637	13,440	-4,188	7,092	-1,183	-455	850	-1,804	5,070	4,082	-1,119	10,483	-491	25,460	4,748
Investing Activities
capital expenditure	0	0	2,046	-2,495	0	0	0	-924	-6,759	0	0	-9,036	0	-26,191	-3,206
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	0	0	2,046	-2,495	0	0	0	-924	-6,759	0	0	-9,036	0	-26,191	-3,206
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	0	0	0	0	0	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	99	0	0	0	0	0	0	0	1
interest	456	202	3	-7	-7	8	2	4	20	14	6	5	3	6	4
cash flow from financing	456	202	3	-7	-7	8	101	4	20	14	6	5	3	6	5
cash and cash equivalents
cash	-14,181	13,642	-2,139	4,280	-880	-447	951	-2,724	-1,669	4,096	-1,113	1,452	-488	-725	1,547
overdraft	0	0	0	-310	310	0	0	0	0	0	0	0	0	0	0
change in cash	-14,181	13,642	-2,139	4,590	-1,190	-447	951	-2,724	-1,669	4,096	-1,113	1,452	-488	-725	1,547

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 icar limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other micro companies, companies in N14 area or any other competitors across 12 key performance metrics.

ICAR LIMITED group structure

Icar Limited has no subsidiary companies.

Ultimate parent company

ICAR LIMITED

05229883

ICAR LIMITED Shareholders

theodoros andreou	60%
antonia andreou	40%

Icar Limited currently has 1 director, Mr Theodoros Andreou serving since Sep 2004.

officer	country	age	start	end	role
Mr Theodoros Andreou		66 years	Sep 2004	-	Director

P&L

September 2023

turnover

108k

+10%

operating profit

-530.4

gross margin

36%

+3.99%

turnover

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

Balance Sheet

September 2023

net assets

14.6k

-0.01%

total assets

22.5k

-0.39%

cash

1.6k

-0.9%

net assets

Total assets minus all liabilities

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company number

05229883

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

September 2004

ultimate parent company

None

previous names

N/A

address

1st floor, 10 hampden square, southgate, london, N14 5JR

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