international automotive components group limited

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international automotive components group limited Company Information

Share INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED
Live 
EstablishedMegaDeclining

Company Number

05611434

Registered Address

building 2, elmdon trading estate, solihull, west midlands, B37 7HE

Industry

Manufacture of other parts and accessories for motor vehicles

 

Telephone

01724280495

Next Accounts Due

September 2024

Group Structure

View All

Directors

Iwona Villaire5 Years

Kevin Baird0 Years

Shareholders

international automotive components group europe sarl 100%

international automotive components group limited Estimated Valuation

£167m

Pomanda estimates the enterprise value of INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED at £167m based on a Turnover of £211.1m and 0.79x industry multiple (adjusted for size and gross margin).

international automotive components group limited Estimated Valuation

£38.2m

Pomanda estimates the enterprise value of INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED at £38.2m based on an EBITDA of £4.5m and a 8.52x industry multiple (adjusted for size and gross margin).

international automotive components group limited Estimated Valuation

£61.7m

Pomanda estimates the enterprise value of INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED at £61.7m based on Net Assets of £31.3m and 1.97x industry multiple (adjusted for liquidity).

Valuation Calculator
This valuation is estimated based on financial data from December 2022 

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International Automotive Components Group Limited Overview

International Automotive Components Group Limited is a live company located in solihull, B37 7HE with a Companies House number of 05611434. It operates in the manufacture of other parts and accessories for motor vehicles sector, SIC Code 29320. Founded in November 2005, it's largest shareholder is international automotive components group europe sarl with a 100% stake. International Automotive Components Group Limited is a established, mega sized company, Pomanda has estimated its turnover at £211.1m with declining growth in recent years.

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International Automotive Components Group Limited Health Check

Pomanda's financial health check has awarded International Automotive Components Group Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4out of 5
positive_score

6 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £211.1m, make it larger than the average company (£21.4m)

£211.1m - International Automotive Components Group Limited

£21.4m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -16%, show it is growing at a slower rate (-3%)

-16% - International Automotive Components Group Limited

-3% - Industry AVG

production

Production

with a gross margin of 26%, this company has a lower cost of product (18.5%)

26% - International Automotive Components Group Limited

18.5% - Industry AVG

profitability

Profitability

an operating margin of 0.1% make it less profitable than the average company (3.3%)

0.1% - International Automotive Components Group Limited

3.3% - Industry AVG

employees

Employees

with 1137 employees, this is above the industry average (122)

1137 - International Automotive Components Group Limited

122 - Industry AVG

paystructure

Pay Structure

on an average salary of £37.5k, the company has an equivalent pay structure (£40k)

£37.5k - International Automotive Components Group Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £185.6k, this is equally as efficient (£167k)

£185.6k - International Automotive Components Group Limited

£167k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 22 days, this is earlier than average (52 days)

22 days - International Automotive Components Group Limited

52 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 83 days, this is slower than average (43 days)

83 days - International Automotive Components Group Limited

43 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 34 days, this is less than average (64 days)

34 days - International Automotive Components Group Limited

64 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (9 weeks)

0 weeks - International Automotive Components Group Limited

9 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 74.5%, this is a higher level of debt than the average (58.7%)

74.5% - International Automotive Components Group Limited

58.7% - Industry AVG

international automotive components group 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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International Automotive Components Group Limited Competitor Analysis

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Perform a competitor analysis for international automotive components group limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.

international automotive components group limited Ownership

INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED group structure

International Automotive Components Group Limited has no subsidiary companies.

Ultimate parent company

IAC NORTH AMERICA LLC

#0071170

INT AUTOMOTIVE COMPONENTS GROUP EUROPE S

#0056853

2 parents

INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED

05611434

INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED Shareholders

international automotive components group europe sarl 100%

international automotive components group limited directors

International Automotive Components Group Limited currently has 2 directors. The longest serving directors include Ms Iwona Villaire (Dec 2018) and Mr Kevin Baird (Sep 2023).

officercountryagestartendrole
Ms Iwona VillaireLuxembourg50 years Dec 2018- Director
Mr Kevin BairdUnited States62 years Sep 2023- Director

INTERNATIONAL AUTOMOTIVE COMPONENTS GROUP LIMITED financials

EXPORTms excel logo

International Automotive Components Group Limited's latest turnover from December 2022 is £211.1 million and the company has net assets of £31.3 million. According to their latest financial statements, International Automotive Components Group Limited has 1,137 employees and maintains cash reserves of £658 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Turnover211,052,000220,965,000235,797,000353,292,000332,502,000455,721,000502,539,000489,044,000537,359,000555,927,000468,689,000284,666,000156,339,000100,543,000
Other Income Or Grants00000000000000
Cost Of Sales156,238,000158,520,000184,033,000285,054,000271,811,000360,953,000393,008,000380,320,000430,461,000465,839,000401,826,000237,273,000116,045,00074,451,000
Gross Profit54,814,00062,445,00051,764,00068,238,00060,691,00094,768,000109,531,000108,724,000106,898,00090,088,00066,863,00047,393,00040,294,00026,092,000
Admin Expenses54,686,00073,458,00033,081,00075,457,00057,364,00077,693,00082,515,000113,211,000107,833,00087,358,00064,928,00045,343,00038,807,00023,084,000
Operating Profit128,000-11,013,00018,683,000-7,219,0003,327,00017,075,00027,016,000-4,487,000-935,0002,730,0001,935,0002,050,0001,487,0003,008,000
Interest Payable13,577,0008,364,00023,134,0007,258,0007,200,00023,340,00031,494,0008,500,0008,716,0008,088,0004,354,0004,865,000834,0001,037,000
Interest Receivable6,451,00020,861,0007,763,00019,765,0007,093,0006,370,0006,549,0004,759,0003,012,0002,281,0001,873,000691,00000
Pre-Tax Profit-6,998,0001,484,0003,312,0005,288,0003,806,00020,154,0002,071,000345,000-1,881,000-759,0001,685,000-2,124,000685,0007,000
Tax1,168,000-604,000-1,017,000-769,000-1,464,000-3,336,000-559,000-312,000-188,000345,000-676,000524,000-97,00025,000
Profit After Tax-5,830,000880,0002,295,0004,519,0002,342,00016,818,0001,512,00033,000-2,069,000-414,0001,009,000-1,600,000588,00032,000
Dividends Paid00000000000000
Retained Profit-5,830,000880,0002,295,0004,519,0002,342,00016,818,0001,512,00033,000-2,069,000-414,0001,009,000-1,600,000588,00032,000
Employee Costs42,596,00038,746,00041,859,00045,443,00048,111,00064,934,00062,792,00061,701,00058,690,00053,918,00046,301,00029,562,00019,733,00015,571,000
Number Of Employees1,1371,0621,1901,2751,2191,6831,8962,0022,0811,9201,596909694569
EBITDA*4,481,000-5,710,00022,535,000-2,512,0008,777,00023,984,00034,532,0002,694,0005,950,00010,972,0008,694,0006,759,0005,910,0006,930,000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Tangible Assets24,698,00036,832,00034,840,00021,677,00021,574,00022,258,00028,921,00029,928,00029,099,00031,537,00030,444,00029,309,00025,520,00022,892,000
Intangible Assets76,000157,00092,000163,000168,000000000000
Investments & Other1,0001,0001,0001,0001,0001,00000000000
Debtors (Due After 1 year)7,650,00010,124,000001,572,0001,572,0001,572,0001,500,0001,500,00000000
Total Fixed Assets32,425,00047,114,00034,933,00021,841,00023,315,00023,831,00030,493,00031,428,00030,599,00031,537,00030,444,00029,309,00025,520,00022,892,000
Stock & work in progress14,737,00011,742,00012,143,00010,576,00010,753,00010,913,00014,577,00014,808,00015,065,00014,865,00015,743,00016,845,0007,016,0005,846,000
Trade Debtors12,849,0002,432,0001,234,0009,596,0005,246,00014,424,0006,642,00020,113,0007,962,0003,834,00010,296,0003,231,00036,476,00033,938,000
Group Debtors58,015,00051,789,00067,871,00061,728,00074,133,00063,610,00049,400,00034,515,00057,431,00051,569,00049,765,00054,697,000143,000753,000
Misc Debtors3,926,0003,954,0003,657,0003,802,0001,669,0001,684,0001,634,0001,350,0003,419,0006,030,0002,439,0002,208,0002,047,000886,000
Cash658,000749,00076,0000429,000262,000907,0007,00022,00000049,0000
misc current assets00000000000000
total current assets90,185,00070,666,00084,981,00085,702,00092,230,00090,893,00073,160,00070,793,00083,899,00076,298,00078,243,00076,981,00045,731,00041,423,000
total assets122,610,000117,780,000119,914,000107,543,000115,545,000114,724,000103,653,000102,221,000114,498,000107,835,000108,687,000106,290,00071,251,00064,315,000
Bank overdraft000969,00000000593,000132,00079,0000222,000
Bank loan00000000000000
Trade Creditors 35,535,00030,717,00039,497,00037,857,00037,822,00053,774,00057,798,00055,572,00056,476,00052,596,00060,983,00064,892,00026,075,00018,295,000
Group/Directors Accounts7,267,0007,454,0004,923,0006,377,00029,693,0003,378,0005,816,00011,814,00012,567,00010,862,0005,041,0003,993,00015,479,00018,801,000
other short term finances5,321,0003,736,0002,400,000491,0000000000000
hp & lease commitments795,000754,0000000494,000337,000000041,00065,000
other current liabilities30,008,00021,926,00025,805,00018,146,00017,553,00025,330,00027,795,00023,567,00026,287,00023,095,00021,044,00017,776,0008,275,0006,486,000
total current liabilities78,926,00064,587,00072,625,00063,840,00085,068,00082,482,00091,903,00091,290,00095,330,00087,146,00087,200,00086,740,00049,870,00043,869,000
loans2,400,0003,966,0003,600,0005,834,00000009,398,0009,181,0008,932,0008,680,0008,387,0008,137,000
hp & lease commitments2,102,0002,897,000000490,000450,000869,000000000
Accruals and Deferred Income00000000000000
other liabilities3,146,0003,559,0003,401,0001,378,0001,057,0004,674,000796,000677,000246,000146,0000000
provisions4,752,0005,657,0004,054,0002,552,00000244,000637,000809,000578,0001,357,000681,0001,205,0001,108,000
total long term liabilities12,400,00016,079,00011,055,0009,764,0001,057,0005,164,0001,490,0002,183,00010,453,0009,905,00010,289,0009,361,0009,592,0009,245,000
total liabilities91,326,00080,666,00083,680,00073,604,00086,125,00087,646,00093,393,00093,473,000105,783,00097,051,00097,489,00096,101,00059,462,00053,114,000
net assets31,284,00037,114,00036,234,00033,939,00029,420,00027,078,00010,260,0008,748,0008,715,00010,784,00011,198,00010,189,00011,789,00011,201,000
total shareholders funds31,284,00037,114,00036,234,00033,939,00029,420,00027,078,00010,260,0008,748,0008,715,00010,784,00011,198,00010,189,00011,789,00011,201,000
Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009
Operating Activities
Operating Profit128,000-11,013,00018,683,000-7,219,0003,327,00017,075,00027,016,000-4,487,000-935,0002,730,0001,935,0002,050,0001,487,0003,008,000
Depreciation4,269,0005,209,0003,764,0004,647,0005,450,0006,909,0007,516,0007,181,0006,885,0008,242,0006,759,0004,709,0004,423,0003,922,000
Amortisation84,00094,00088,00060,0000000000000
Tax1,168,000-604,000-1,017,000-769,000-1,464,000-3,336,000-559,000-312,000-188,000345,000-676,000524,000-97,00025,000
Stock2,995,000-401,0001,567,000-177,000-160,000-3,664,000-231,000-257,000200,000-878,000-1,102,0009,829,0001,170,0005,846,000
Debtors14,141,000-4,463,000-2,364,000-7,494,0001,330,00022,042,0001,770,000-12,834,0008,879,000-1,067,0002,364,00021,470,0003,089,00035,577,000
Creditors4,818,000-8,780,0001,640,00035,000-15,952,000-4,024,0002,226,000-904,0003,880,000-8,387,000-3,909,00038,817,0007,780,00018,295,000
Accruals and Deferred Income8,082,000-3,879,0007,659,000593,000-7,777,000-2,465,0004,228,000-2,720,0003,192,0002,051,0003,268,0009,501,0001,789,0006,486,000
Deferred Taxes & Provisions-905,0001,603,0001,502,0002,552,0000-244,000-393,000-172,000231,000-779,000676,000-524,00097,0001,108,000
Cash flow from operations508,000-12,506,00033,116,0007,570,000-17,586,000-4,463,00038,495,00011,677,0003,986,0006,147,0006,791,00023,778,00011,220,000-8,579,000
Investing Activities
capital expenditure00005,069,0008,856,000-5,833,00018,000319,000-9,877,000-7,894,000-8,498,000-7,051,000-4,239,000
Change in Investments000001,00000000000
cash flow from investments00005,069,0008,855,000-5,833,00018,000319,000-9,877,000-7,894,000-8,498,000-7,051,000-4,239,000
Financing Activities
Bank loans00000000000000
Group/Directors Accounts-187,0002,531,000-1,454,000-23,316,00026,315,000-2,438,000-5,998,000-753,0001,705,0005,821,0001,048,000-11,486,000-3,322,00018,801,000
Other Short Term Loans 1,585,0001,336,0001,909,000491,0000000000000
Long term loans-1,566,000366,000-2,234,0005,834,000000-9,398,000217,000249,000252,000293,000250,0008,137,000
Hire Purchase and Lease Commitments-754,0003,651,00000-490,000-454,000-262,0001,206,000000-41,000-24,00065,000
other long term liabilities-413,000158,0002,023,000321,000-3,617,0003,878,000119,000431,000100,000146,0000000
share issue000000000000011,169,000
interest-7,126,00012,497,000-15,371,00012,507,000-107,000-16,970,000-24,945,000-3,741,000-5,704,000-5,807,000-2,481,000-4,174,000-834,000-1,037,000
cash flow from financing-8,461,00020,539,000-15,127,000-4,163,00022,101,000-15,984,000-31,086,000-12,255,000-3,682,000409,000-1,181,000-15,408,000-3,930,00037,135,000
cash and cash equivalents
cash-91,000673,00076,000-429,000167,000-645,000900,000-15,00022,00000-49,00049,0000
overdraft00-969,000969,0000000-593,000461,00053,00079,000-222,000222,000
change in cash-91,000673,0001,045,000-1,398,000167,000-645,000900,000-15,000615,000-461,000-53,000-128,000271,000-222,000

P&L

December 2022

turnover

211.1m

-4%

operating profit

128k

-101%

gross margin

26%

-8.1%

turnover

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

Balance Sheet

December 2022

net assets

31.3m

-0.16%

total assets

122.6m

+0.04%

cash

658k

-0.12%

net assets

Total assets minus all liabilities

international automotive components group limited company details

company number

05611434

Type

Private limited with Share Capital

industry

29320 - Manufacture of other parts and accessories for motor vehicles

incorporation date

November 2005

age

19

accounts

Full Accounts

ultimate parent company

IAC NORTH AMERICA LLC

previous names

iac acquisition corporation limited (March 2006)

wlr (December 2005)

incorporated

UK

address

building 2, elmdon trading estate, solihull, west midlands, B37 7HE

last accounts submitted

December 2022

international automotive components group 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 found 19 charges/mortgages relating to international automotive components group limited. Currently there are 6 open charges and 13 have been satisfied in the past.

charges

international automotive components group limited Companies House Filings - See Documents

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