Pomanda estimates the enterprise value of NORTHOVER CARS LIMITED at £1.2m based on a Turnover of £3.8m and 0.32x industry multiple (adjusted for size and gross margin).
northover cars limitedEstimated Valuation
£858.2k
Pomanda estimates the enterprise value of NORTHOVER CARS LIMITED at £858.2k based on an EBITDA of £197.6k and a 4.34x industry multiple (adjusted for size and gross margin).
northover cars limitedEstimated Valuation
£3.9m
Pomanda estimates the enterprise value of NORTHOVER CARS LIMITED at £3.9m based on Net Assets of £1.4m and 2.78x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Northover Cars LimitedOverview
Northover Cars Limited is a live company located in whitstable, CT5 3QT with a Companies House number of 05784036. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in April 2006, it's largest shareholder is
matthew alexander northover
with a 75% stake. Northover Cars Limited is a established,
small sized company, Pomanda has estimated its turnover at
£3.8m with
high
growth in recent years.
Pomanda's financial health check has awarded Northover Cars Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 7 measures and has 1 areas for improvement. Company Health Check FAQs
Health Rating5out of 5
7 Strong
4 Regular
1 Weak
Size
annual sales of £3.8m, make it larger than the average company (£2.4m)
£3.8m - Northover Cars Limited
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 18%, show it is growing at a faster rate (8.4%)
18% - Northover Cars Limited
8.4% - Industry AVG
Production
with a gross margin of 11.2%, this company has a comparable cost of product (11.2%)
11.2% - Northover Cars Limited
11.2% - Industry AVG
Profitability
an operating margin of 4.8% make it more profitable than the average company (2.9%)
4.8% - Northover Cars Limited
2.9% - Industry AVG
Employees
with 7 employees, this is similar to the industry average (7)
7 - Northover Cars Limited
7 - Industry AVG
Pay Structure
on an average salary of £32.1k, the company has an equivalent pay structure (£32.1k)
£32.1k - Northover Cars Limited
£32.1k - Industry AVG
Efficiency
resulting in sales per employee of £547.5k, this is more efficient (£465.9k)
£547.5k - Northover Cars Limited
£465.9k - Industry AVG
Debtor Days
it gets paid by customers after 1 days, this is earlier than average (9 days)
1 days - Northover Cars Limited
9 days - Industry AVG
Creditor Days
its suppliers are paid after 14 days, this is close to average (15 days)
14 days - Northover Cars Limited
15 days - Industry AVG
Stock Days
it holds stock equivalent to 146 days, this is more than average (65 days)
146 days - Northover Cars Limited
65 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 51 weeks, this is more cash available to meet short term requirements (9 weeks)
51 weeks - Northover Cars Limited
9 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 23.9%, this is a lower level of debt than the average (69.3%)
23.9% - Northover Cars Limited
69.3% - Industry AVG
NORTHOVER CARS LIMITED financials
EXPORT
Northover Cars Limited's latest turnover from May 2023 is estimated at £3.8 million and the company has net assets of £1.4 million. According to their latest financial statements, Northover Cars Limited has 7 employees and maintains cash reserves of £417.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
May 2023
May 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
3,832,474
5,783,738
3,016,142
2,356,090
3,411,491
2,608,103
3,939,425
3,532,922
6,702,410
4,815,575
4,925,133
5,214,929
4,802,181
7,575,178
Other Income Or Grants
Cost Of Sales
3,404,278
5,130,940
2,702,333
2,083,007
3,028,657
2,311,999
3,486,239
3,100,606
5,853,327
4,248,996
4,385,866
4,613,057
4,220,535
6,610,495
Gross Profit
428,196
652,798
313,809
273,083
382,834
296,103
453,186
432,316
849,083
566,579
539,267
601,872
581,646
964,683
Admin Expenses
243,326
319,288
18,569
224,201
293,602
195,573
386,239
323,901
800,513
440,174
489,440
487,804
581,492
685,859
Operating Profit
184,870
333,510
295,240
48,882
89,232
100,530
66,947
108,415
48,570
126,405
49,827
114,068
154
278,824
Interest Payable
4,806
3,754
1,789
6,143
8,795
11,363
19,643
11,048
Interest Receivable
11,521
2,199
294
122
16
14
4
3
1
1
1
Pre-Tax Profit
191,585
331,956
293,746
42,860
80,453
89,181
47,309
97,370
48,571
126,406
49,829
114,068
154
278,824
Tax
-47,896
-63,072
-55,812
-8,143
-15,286
-16,944
-8,989
-19,474
-9,714
-26,545
-11,461
-27,376
-40
-78,071
Profit After Tax
143,689
268,884
237,934
34,717
65,167
72,237
38,320
77,896
38,857
99,861
38,368
86,692
114
200,753
Dividends Paid
Retained Profit
143,689
268,884
237,934
34,717
65,167
72,237
38,320
77,896
38,857
99,861
38,368
86,692
114
200,753
Employee Costs
224,463
194,154
174,087
144,535
143,827
146,049
140,781
135,196
395,031
304,165
354,870
349,945
318,169
477,640
Number Of Employees
7
6
6
5
5
5
5
5
15
12
14
14
13
19
EBITDA*
197,641
346,486
308,706
62,346
103,359
115,491
83,744
125,163
64,075
141,749
63,530
127,505
14,423
293,017
* Earnings Before Interest, Tax, Depreciation and Amortisation
May 2023
May 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
271
747
1,713
1,622
2,385
2,902
7,199
7,734
6,559
1,364
1,504
2,441
1,943
Intangible Assets
37,500
50,000
62,500
75,000
87,500
100,000
112,500
125,000
137,500
150,000
162,500
175,000
187,500
200,000
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
37,500
50,271
63,247
76,713
89,122
102,385
115,402
132,199
145,234
156,559
163,864
176,504
189,941
201,943
Stock & work in progress
1,366,708
1,623,765
875,428
560,611
933,477
668,911
701,504
760,629
734,133
624,528
528,881
455,094
435,516
623,172
Trade Debtors
10,569
48,918
68,607
57,442
183,601
101,955
134,404
59,446
68,492
116,155
81,764
117,221
Group Debtors
Misc Debtors
12,508
9,300
23,986
29,249
48,471
28,929
26,761
18,361
Cash
417,159
94,874
344,983
243,495
1,231
2,999
2,779
586
484
54
478
misc current assets
total current assets
1,806,944
1,727,939
1,244,397
882,273
1,051,786
758,281
914,645
881,531
869,021
684,028
597,851
571,249
517,280
740,393
total assets
1,844,444
1,778,210
1,307,644
958,986
1,140,908
860,666
1,030,047
1,013,730
1,014,255
840,587
761,715
747,753
707,221
942,336
Bank overdraft
19,427
8,774
6,813
1,844
199,581
61,002
288,633
339,938
Bank loan
Trade Creditors
134,873
209,157
91,180
97,094
96,049
28,206
15,518
24,944
549,510
414,699
435,688
394,500
409,316
615,389
Group/Directors Accounts
25,400
2,027
1,207
1,519
1,245
967
2,690
3,292
65,594
96,938
126,094
other short term finances
hp & lease commitments
other current liabilities
239,488
256,685
167,428
105,447
125,147
116,772
141,307
101,560
total current liabilities
419,188
476,643
266,628
205,904
422,022
206,947
448,148
469,734
549,510
414,699
435,688
460,094
506,254
741,483
loans
21,667
41,667
50,000
hp & lease commitments
Accruals and Deferred Income
other liabilities
521
521
938
1,355
provisions
total long term liabilities
21,667
41,667
50,000
521
521
938
1,355
total liabilities
440,855
518,310
316,628
205,904
422,543
207,468
449,086
471,089
549,510
414,699
435,688
460,094
506,254
741,483
net assets
1,403,589
1,259,900
991,016
753,082
718,365
653,198
580,961
542,641
464,745
425,888
326,027
287,659
200,967
200,853
total shareholders funds
1,403,589
1,259,900
991,016
753,082
718,365
653,198
580,961
542,641
464,745
425,888
326,027
287,659
200,967
200,853
May 2023
May 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
184,870
333,510
295,240
48,882
89,232
100,530
66,947
108,415
48,570
126,405
49,827
114,068
154
278,824
Depreciation
271
476
966
964
1,627
2,461
4,297
4,248
3,005
2,844
1,203
937
1,769
1,693
Amortisation
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
12,500
Tax
-47,896
-63,072
-55,812
-8,143
-15,286
-16,944
-8,989
-19,474
-9,714
-26,545
-11,461
-27,376
-40
-78,071
Stock
-257,057
748,337
314,817
-372,866
264,566
-32,593
-59,125
26,496
109,605
95,647
73,787
19,578
-187,656
623,172
Debtors
13,777
-14,686
-54,181
-38,911
30,707
-123,991
90,046
-14,088
74,958
-9,046
-47,663
34,391
-35,457
117,221
Creditors
-74,284
117,977
-5,914
1,045
67,843
12,688
-9,426
-524,566
134,811
-20,989
41,188
-14,816
-206,073
615,389
Accruals and Deferred Income
-17,197
89,257
61,981
-19,700
8,375
-24,535
39,747
101,560
Deferred Taxes & Provisions
Cash flow from operations
301,544
-243,003
48,325
447,325
-130,982
243,284
74,155
-329,725
4,609
7,614
67,133
31,344
31,423
89,942
Investing Activities
capital expenditure
-1,055
-864
-1,944
-3,713
-4,180
-8,039
-1,063
-2,267
-216,136
Change in Investments
cash flow from investments
-1,055
-864
-1,944
-3,713
-4,180
-8,039
-1,063
-2,267
-216,136
Financing Activities
Bank loans
Group/Directors Accounts
23,373
820
-312
274
278
-1,723
-602
3,292
-65,594
-31,344
-29,156
126,094
Other Short Term Loans
Long term loans
-20,000
-8,333
50,000
Hire Purchase and Lease Commitments
other long term liabilities
-521
-417
-417
1,355
share issue
100
interest
6,715
-1,555
-1,495
-6,021
-8,779
-11,349
-19,639
-11,045
1
1
1
cash flow from financing
10,088
-9,068
48,193
-6,268
-8,501
-13,489
-20,658
-6,398
1
1
-65,593
-31,344
-29,156
126,194
cash and cash equivalents
cash
322,285
-250,109
101,488
242,264
-1,768
220
2,193
102
430
-424
478
overdraft
10,653
1,961
4,969
-197,737
138,579
-227,631
-51,305
339,938
change in cash
311,632
-252,070
96,519
440,001
-140,347
227,851
53,498
-339,836
430
-424
478
northover cars limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for northover cars limited. Get real-time insights into northover cars limited's credit score, group structure and payment trends.
Perform a competitor analysis for northover cars 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 CT5 area or any other competitors across 12 key performance metrics.
northover cars limited Ownership
NORTHOVER CARS LIMITED group structure
Northover Cars Limited has no subsidiary companies.
Ultimate parent company
NORTHOVER CARS LIMITED
05784036
NORTHOVER CARS LIMITED Shareholders
The largest shareholders in Northover Cars Limited include Matthew Alexander Northover and Melanie Ann Northover.
matthew alexander northover
75%
melanie ann northover
25%
northover cars limited directors
Northover Cars Limited currently has 2 directors.
The longest serving directors include
Mr Matthew Northover (Apr 2006) and
Mr Jason Trinkwon (Jan 2023).
45112 - Sale of used cars and light motor vehicles
incorporation date
April 2006
age
19
incorporated
UK
ultimate parent company
None
accounts
Total Exemption Full
last accounts submitted
May 2023
previous names
N/A
accountant
-
auditor
-
address
125 john wilson business park, chestfield, whitstable, kent, CT5 3QT
Bank
-
Legal Advisor
-
northover cars 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 1 charges/mortgages relating to northover cars limited. Currently there are 1 open charges and 0 have been satisfied in the past.
northover cars 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.
Click to start generating capital raising & share issue transactions for NORTHOVER CARS LIMITED. This can take several minutes, an email will notify you when this has completed.
northover cars limitedCompanies House Filings - See Documents
