Happy New Van Limited

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happy new van limited Company Information

Company Number

05439128

Next Accounts

173 days late

Directors

Katrina Bell

Neil Bell

Shareholders

neil bell

katrina bell

Group Structure

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Industry

Sale of new cars and light motor vehicles

Registered Address

the chapel bridge street, driffield, east yorkshire, YO25 6DA

Website

www.happynewcar.co.uk

happy new van limited Estimated Valuation

£204.5k

Pomanda estimates the enterprise value of HAPPY NEW VAN LIMITED at £204.5k based on a Turnover of £761.1k and 0.27x industry multiple (adjusted for size and gross margin).

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Happy New Van Limited is a live company located in east yorkshire, YO25 6DA with a Companies House number of 05439128. It operates in the sale of new cars and light motor vehicles sector, SIC Code 45111. Founded in April 2005, it's largest shareholder is neil bell with a 50% stake. Happy New Van Limited is a mature, small sized company, Pomanda has estimated its turnover at £761.1k with declining growth in recent years.

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Pomanda's financial health check has awarded Happy New Van Limited a 1 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 8 areas for improvement. Company Health Check FAQs

Health Rating1out of 5

1 Strong

1 Regular

8 Weak

Size

annual sales of £761.1k, make it smaller than the average company (£42.2m)

Growth

3 year (CAGR) sales growth of -9%, show it is growing at a slower rate (2.1%)

EXPORT

Happy New Van Limited's latest turnover from November 2022 is estimated at £761.1 thousand and the company has net assets of -£58.3 thousand. According to their latest financial statements, Happy New Van Limited has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	761,102	796,152	542,322	993,738	1,386,731	1,027,734	2,477,916	4,624,981	2,482,398	3,196,356	317,355	1,098,035	796,599
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	703,385	745,643	507,576	929,391	1,295,473	957,103	2,311,650	4,306,489	2,305,569	2,967,666	294,033	1,068,624	766,466
Gross Profit	57,717	50,508	34,746	64,347	91,258	70,631	166,266	318,492	176,829	228,690	23,322	29,411	30,133
Admin Expenses	64,308	55,749	17,289	103,874	112,812	70,122	166,271	331,931	160,563	222,409	15,217	19,730	29,363
Operating Profit	-6,591	-5,241	17,457	-39,527	-21,554	509	-5	-13,439	16,266	6,281	8,105	9,681	770
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	0	0	0	0	0	69	105	87	54	0	0
Pre-Tax Profit	-6,591	-5,241	17,457	-39,527	-21,554	509	-5	-13,370	16,371	6,368	8,159	7,191	578
Tax	0	0	-3,317	0	0	-97	0	0	-3,438	-1,465	-1,958	0	0
Profit After Tax	-6,591	-5,241	14,140	-39,527	-21,554	412	-5	-13,370	12,933	4,903	6,201	7,191	578
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-6,591	-5,241	14,140	-39,527	-21,554	412	-5	-13,370	12,933	4,903	6,201	7,191	578
Employee Costs	72,724	64,784	32,644	62,547	61,271	59,552	142,298	250,022	137,508	184,597	25,888	0	7,764
Number Of Employees	2	2	1	2	2	2	5	9	5	7	1	3	2
EBITDA*	-6,591	-5,241	17,457	-39,527	-21,554	509	-5	-13,439	16,656	6,662	8,521	10,073	1,293

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	227	454	605	806	1,074	904	814	1,086	1,169	1,142	1,248	1,176	1,568
Intangible Assets	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	227	454	605	806	1,074	904	814	1,086	1,169	1,142	1,248	1,176	1,568
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	22,918	45,022	30,339	61,051	106,506	51,800	140,018	255,899	130,716	176,328	12,000	22,344	29,118
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	0	0	44,944	0	0	0	0	0	0	0
Cash	0	0	0	0	0	0	0	0	27,460	14,649	20,027	1,628	13,094
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	22,918	45,022	30,339	61,051	106,506	96,744	140,018	255,899	158,176	190,977	32,027	23,972	42,212
total assets	23,145	45,476	30,944	61,857	107,580	97,648	140,832	256,985	159,345	192,119	33,275	25,148	43,780
Bank overdraft	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
Trade Creditors	66,693	71,394	75,928	120,431	126,577	95,091	138,787	255,185	143,528	188,084	37,703	35,779	765
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	58,422
other short term finances	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
other current liabilities	201	0	0	0	0	0	0	0	0	0	0	0	2,415
total current liabilities	66,894	71,394	75,928	120,431	126,577	95,091	138,787	255,185	143,528	188,084	37,703	35,779	61,602
loans	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
Accruals and Deferred Income	0	2,700	1,516	2,066	2,116	2,116	2,016	1,766	2,409	3,560	0	0	0
other liabilities	14,583	23,123	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
total long term liabilities	14,583	25,823	1,516	2,066	2,116	2,116	2,016	1,766	2,409	3,560	0	0	0
total liabilities	81,477	97,217	77,444	122,497	128,693	97,207	140,803	256,951	145,937	191,644	37,703	35,779	61,602
net assets	-58,332	-51,741	-46,500	-60,640	-21,113	441	29	34	13,408	475	-4,428	-10,631	-17,822
total shareholders funds	-58,332	-51,741	-46,500	-60,640	-21,113	441	29	34	13,408	475	-4,428	-10,631	-17,822

	Nov 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	-6,591	-5,241	17,457	-39,527	-21,554	509	-5	-13,439	16,266	6,281	8,105	9,681	770
Depreciation	0	0	0	0	0	0	0	0	390	381	416	392	523
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-3,317	0	0	-97	0	0	-3,438	-1,465	-1,958	0	0
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-22,104	14,683	-30,712	-45,455	9,762	-43,274	-115,881	125,183	-45,612	164,328	-10,344	-6,774	29,118
Creditors	-4,701	-4,534	-44,503	-6,146	31,486	-43,696	-116,398	111,657	-44,556	150,381	1,924	35,014	765
Accruals and Deferred Income	-2,499	1,184	-550	-50	0	100	250	-643	-1,151	3,560	0	-2,415	2,415
Deferred Taxes & Provisions	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	8,313	-23,274	-201	-268	170	90	-272	-27,608	13,123	-5,190	18,831	49,446	-24,645
Investing Activities
capital expenditure	227	151	201	268	-170	-90	272	83	-417	-275	-488	0	-2,091
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	227	151	201	268	-170	-90	272	83	-417	-275	-488	0	-2,091
Financing Activities
Bank loans	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	-58,422	58,422
Other Short Term Loans	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
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0
other long term liabilities	-8,540	23,123	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	-4	0	0	2	0	-18,400
interest	0	0	0	0	0	0	0	69	105	87	54	0	0
cash flow from financing	-8,540	23,123	0	0	0	0	0	65	105	87	56	-58,422	40,022
cash and cash equivalents
cash	0	0	0	0	0	0	0	-27,460	12,811	-5,378	18,399	-11,466	13,094
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	0	0	0	0	0	-27,460	12,811	-5,378	18,399	-11,466	13,094

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 happy new van limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other small companies, companies in YO25 area or any other competitors across 12 key performance metrics.

HAPPY NEW VAN LIMITED group structure

Happy New Van Limited has no subsidiary companies.

Ultimate parent company

HAPPY NEW VAN LIMITED

05439128

HAPPY NEW VAN LIMITED Shareholders

neil bell	50%
katrina bell	50%

Happy New Van Limited currently has 2 directors. The longest serving directors include Mrs Katrina Bell (Apr 2005) and Mr Neil Bell (Apr 2005).

officer	country	age	start	end	role
Mrs Katrina Bell	England	55 years	Apr 2005	-	Director
Mr Neil Bell	England	53 years	Apr 2005	-	Director

P&L

November 2022

turnover

761.1k

-4%

operating profit

-6.6k

gross margin

7.6%

+19.53%

turnover

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

Balance Sheet

November 2022

net assets

-58.3k

+0.13%

total assets

23.1k

-0.49%

cash

net assets

Total assets minus all liabilities

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company number

05439128

Type

Private limited with Share Capital

industry

45111 - Sale of new cars and light motor vehicles

incorporation date

April 2005

ultimate parent company

None

previous names

happy new car limited (September 2020)

address

the chapel bridge street, driffield, east yorkshire, YO25 6DA

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 happy new van limited.

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