boyce school of motoring limited

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boyce school of motoring limited Company Information

Share BOYCE SCHOOL OF MOTORING LIMITED

Company Number

05381947

Directors

Bassey Okung

Shareholders

bassey okung

Group Structure

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Industry

Other personal service activities n.e.c.

 

Registered Address

97 croyland road, london, N9 7BE

Website

-

boyce school of motoring limited Estimated Valuation

£28.6k

Pomanda estimates the enterprise value of BOYCE SCHOOL OF MOTORING LIMITED at £28.6k based on a Turnover of £58.8k and 0.49x industry multiple (adjusted for size and gross margin).

boyce school of motoring limited Estimated Valuation

£27k

Pomanda estimates the enterprise value of BOYCE SCHOOL OF MOTORING LIMITED at £27k based on an EBITDA of £8.4k and a 3.2x industry multiple (adjusted for size and gross margin).

boyce school of motoring limited Estimated Valuation

£32.2k

Pomanda estimates the enterprise value of BOYCE SCHOOL OF MOTORING LIMITED at £32.2k based on Net Assets of £16.4k and 1.96x industry multiple (adjusted for liquidity).

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Boyce School Of Motoring Limited Overview

Boyce School Of Motoring Limited is a live company located in london, N9 7BE with a Companies House number of 05381947. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2005, it's largest shareholder is bassey okung with a 100% stake. Boyce School Of Motoring Limited is a mature, micro sized company, Pomanda has estimated its turnover at £58.8k with rapid growth in recent years.

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Boyce School Of Motoring Limited Health Check

Pomanda's financial health check has awarded Boyce School Of Motoring Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

1 Regular

positive_score

6 Weak

size

Size

annual sales of £58.8k, make it smaller than the average company (£848.9k)

£58.8k - Boyce School Of Motoring Limited

£848.9k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 34%, show it is growing at a faster rate (8.2%)

34% - Boyce School Of Motoring Limited

8.2% - Industry AVG

production

Production

with a gross margin of 19.1%, this company has a higher cost of product (40%)

19.1% - Boyce School Of Motoring Limited

40% - Industry AVG

profitability

Profitability

an operating margin of 14.3% make it more profitable than the average company (5.8%)

14.3% - Boyce School Of Motoring Limited

5.8% - Industry AVG

employees

Employees

with 1 employees, this is below the industry average (14)

1 - Boyce School Of Motoring Limited

14 - Industry AVG

paystructure

Pay Structure

on an average salary of £29k, the company has an equivalent pay structure (£29k)

£29k - Boyce School Of Motoring Limited

£29k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £58.8k, this is less efficient (£73.3k)

£58.8k - Boyce School Of Motoring Limited

£73.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 75 days, this is later than average (28 days)

75 days - Boyce School Of Motoring Limited

28 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 198 days, this is slower than average (37 days)

198 days - Boyce School Of Motoring Limited

37 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Boyce School Of Motoring Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Boyce School Of Motoring Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 61.1%, this is a higher level of debt than the average (38%)

61.1% - Boyce School Of Motoring Limited

38% - Industry AVG

BOYCE SCHOOL OF MOTORING LIMITED financials

EXPORTms excel logo

Boyce School Of Motoring Limited's latest turnover from March 2024 is estimated at £58.8 thousand and the company has net assets of £16.4 thousand. According to their latest financial statements, Boyce School Of Motoring Limited has 1 employee and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Turnover58,79350,78339,06424,24319,10021,97431,12143,24440,92212,08112,6987,99746,227
Other Income Or Grants
Cost Of Sales47,54840,96631,84920,02315,39017,81124,93434,03332,2239,4479,9506,17035,492
Gross Profit11,2459,8177,2164,2203,7104,1636,1889,2118,6992,6352,7481,82810,735
Admin Expenses2,8185,0824,8316,208-2882,5185,4423,2303,8943,607-8,321901-2,54910,85410,398
Operating Profit8,4274,7352,385-1,9883,9981,645746-3,2305,3175,0928,3211,7345,297-9,026337
Interest Payable
Interest Receivable611411
Pre-Tax Profit8,4274,7352,385-1,9883,9981,651757-3,2265,1354,7998,3211,7345,297-9,025338
Tax-2,107-900-453-760-314-144-879-774-1,914-416-1,377-94
Profit After Tax6,3203,8351,932-1,9883,2381,337613-3,2264,2564,0256,4071,3183,920-9,025243
Dividends Paid
Retained Profit6,3203,8351,932-1,9883,2381,337613-3,2264,2564,0256,4071,3183,920-9,025243
Employee Costs29,00228,26227,13625,43624,90224,77823,98012,20011,40024,71424,57524,25824,597
Number Of Employees1111111111111
EBITDA*8,4274,7352,385-1,9883,9981,6454,365-1,7336,8145,3889,8033,2535,345-8,961423

* Earnings Before Interest, Tax, Depreciation and Amortisation

Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Tangible Assets30,0003,4907,09010,78114,4006,8858,3822,6672,9635,927146194259
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets30,0003,4907,09010,78114,4006,8858,3822,6672,9635,927146194259
Stock & work in progress
Trade Debtors12,22715,71111,3954,5872,3153,08327419,777
Group Debtors
Misc Debtors
Cash1,5782,8545898512352
misc current assets1,840
total current assets12,22715,71111,3954,5872,3153,0833,4182,854589852741310,129
total assets42,22715,71111,3958,0779,40513,86417,8189,7398,4403,6522,9636,20114620710,388
Bank overdraft
Bank loan
Trade Creditors 25,8105,5045,1143,7473,0875,1924,0847749,6454,9088,88910,045
Group/Directors Accounts5,100
other short term finances
hp & lease commitments11,617
other current liabilities3,4582,509
total current liabilities25,8105,5045,1143,7473,0875,19215,0757,6094,0847749,6454,9088,88910,045
loans
hp & lease commitments
Accruals and Deferred Income110
other liabilities195,592
provisions
total long term liabilities110195,592
total liabilities25,8105,6145,1333,7473,08710,78415,0757,6094,0847749,6454,9088,88910,045
net assets16,41710,0976,2624,3306,3183,0802,7432,1304,3562,8782,963-3,444-4,762-8,682343
total shareholders funds16,41710,0976,2624,3306,3183,0802,7432,1304,3562,8782,963-3,444-4,762-8,682343
Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020Mar 2019Mar 2018Mar 2017Mar 2016Mar 2015Mar 2014Mar 2013Mar 2012Mar 2011Mar 2010
Operating Activities
Operating Profit8,4274,7352,385-1,9883,9981,645746-3,2305,3175,0928,3211,7345,297-9,026337
Depreciation3,6191,4971,4972961,4821,519486586
Amortisation
Tax-2,107-900-453-760-314-144-879-774-1,914-416-1,377-94
Stock
Debtors-3,4844,3166,8082,272-7683,083-274274-1-9,7769,777
Creditors20,3063901,367660-2,1055,192-4,0843,310774-9,6454,737-3,981-1,15610,045
Accruals and Deferred Income-110110-3,4589492,509
Deferred Taxes & Provisions
Cash flow from operations30,00019-3,509-3,6001,901-185,170-3,3089,2455,388-1,4827,300-12-341597
Investing Activities
capital expenditure-30,0003,4903,6003,6913,619-11,134-7,2121,482-7,300-345
Change in Investments
cash flow from investments-30,0003,4903,6003,6913,619-11,134-7,2121,482-7,300-345
Financing Activities
Bank loans
Group/Directors Accounts-5,1005,100
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments-11,61711,617
other long term liabilities-1919-5,5925,592
share issue-1,0001,000-2,778-4,110100
interest611411
cash flow from financing-1919-5,592-7,0196,5286,104-2,778-4,1101101
cash and cash equivalents
cash-1,578-1,2762,796-927985-12-340352
overdraft
change in cash-1,578-1,2762,796-927985-12-340352

boyce school of motoring limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Boyce School Of Motoring Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for boyce school of motoring limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in N 9 area or any other competitors across 12 key performance metrics.

boyce school of motoring limited Ownership

BOYCE SCHOOL OF MOTORING LIMITED group structure

Boyce School Of Motoring Limited has no subsidiary companies.

Ultimate parent company

BOYCE SCHOOL OF MOTORING LIMITED

05381947

BOYCE SCHOOL OF MOTORING LIMITED Shareholders

bassey okung 100%

boyce school of motoring limited directors

Boyce School Of Motoring Limited currently has 1 director, Mr Bassey Okung serving since Mar 2005.

officercountryagestartendrole
Mr Bassey Okung61 years Mar 2005- Director

P&L

March 2024

turnover

58.8k

+16%

operating profit

8.4k

0%

gross margin

19.2%

-1.06%

turnover

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

Balance Sheet

March 2024

net assets

16.4k

+0.63%

total assets

42.2k

+1.69%

cash

0

0%

net assets

Total assets minus all liabilities

boyce school of motoring limited company details

company number

05381947

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

March 2005

age

20

incorporated

UK

ultimate parent company

None

accounts

Micro-Entity Accounts

last accounts submitted

March 2024

previous names

spinnin - un limited (September 2006)

accountant

-

auditor

-

address

97 croyland road, london, N9 7BE

Bank

-

Legal Advisor

-

boyce school of motoring 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 did not find charges/mortgages relating to boyce school of motoring limited.

boyce school of motoring 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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boyce school of motoring limited Companies House Filings - See Documents

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