Rm Auctions Limited

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rm auctions limited Company Information

Live

EstablishedMidHigh

Company Number

05812660

Website

www.rmsothebys.com

Registered Address

40, queen anne street, london, W1G 9EL

Industry

Sale of used cars and light motor vehicles

Telephone

02078517070

Next Accounts Due

September 2025

Group Structure

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Directors

Robert Myers17 Years

Shelby Myers9 Years

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Shareholders

rm european holdings ltd 100%

rm auctions limited Estimated Valuation

£92.7m

Pomanda estimates the enterprise value of RM AUCTIONS LIMITED at £92.7m based on Net Assets of £29.4m and 3.16x industry multiple (adjusted for liquidity).

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Rm Auctions Limited is a live company located in london, W1G 9EL with a Companies House number of 05812660. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in May 2006, it's largest shareholder is rm european holdings ltd with a 100% stake. Rm Auctions Limited is a established, mid sized company, Pomanda has estimated its turnover at £13.5m with high growth in recent years.

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Pomanda's financial health check has awarded Rm Auctions Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 8 measures and has 4 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

8 Strong

0 Regular

4 Weak

Size

annual sales of £13.5m, make it larger than the average company (£4.3m)

Growth

3 year (CAGR) sales growth of 30%, show it is growing at a faster rate (10%)

EXPORT

Rm Auctions Limited's latest turnover from December 2023 is £13.5 million and the company has net assets of £29.4 million. According to their latest financial statements, Rm Auctions Limited has 37 employees and maintains cash reserves of £3.4 million as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Turnover	13,506,419	15,733,010	12,124,640	6,173,531	10,281,356	11,485,328	12,823,900	20,937,062	24,687,740	13,094,494	24,489,307	17,639,107	9,467,994	7,571,996	46,769,052
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	3,488,334	5,087,834	7,689,561	1,820,131	5,472,176	7,220,569	7,988,668	13,262,222	17,989,710	9,211,067	17,665,442	12,693,855	5,514,481	5,178,649	40,900,945
Gross Profit	10,018,085	10,645,176	4,435,079	4,353,400	4,809,180	4,264,759	4,835,232	7,674,840	6,698,030	3,883,427	6,823,865	4,945,252	3,953,513	2,393,347	5,868,107
Admin Expenses	5,832,313	4,751,823	2,886,169	2,586,308	3,197,181	2,511,378	2,657,474	2,669,031	2,640,518	1,120,426	3,377,520	3,468,263	3,187,964	991,057	3,632,407
Operating Profit	4,185,772	5,893,353	1,548,910	1,767,092	1,611,999	1,753,381	2,177,758	5,005,809	4,057,512	2,763,001	3,446,345	1,476,989	765,549	1,402,290	2,235,700
Interest Payable	27,337	8,510	35,060	0	2,527	3,547	1,195	0	8,016	0	0	0	21,632	1,293	0
Interest Receivable	12	558	125	714	1,352	1	3,808	8,252	6,546	3,110	4,246	184	26,817	4,259	2,857
Pre-Tax Profit	4,158,447	5,885,401	1,513,975	1,767,806	1,610,824	1,749,835	2,180,371	5,014,061	4,056,042	2,766,111	3,450,591	1,477,173	770,734	1,405,256	2,238,557
Tax	-1,006,632	-1,178,284	-376,148	-288,846	-340,000	-383,485	-425,478	-1,034,545	-810,831	-612,294	-793,950	-361,733	-212,031	-399,584	-626,796
Profit After Tax	3,151,815	4,707,117	1,137,827	1,478,960	1,270,824	1,366,350	1,754,893	3,979,516	3,245,211	2,153,817	2,656,641	1,115,440	558,703	1,005,672	1,611,761
Dividends Paid	0	0	0	0	0	0	0	0	1,739,328	0	0	0	0	0	0
Retained Profit	3,151,815	4,707,117	1,137,827	1,478,960	1,270,824	1,366,350	1,754,893	3,979,516	1,505,883	2,153,817	2,656,641	1,115,440	558,703	1,005,672	1,611,761
Employee Costs	4,180,858	3,348,517	1,534,669	1,131,141	1,337,403	1,130,313	1,376,160	978,667	1,073,191	281,624	1,220,162	660,108	409,358	464,484	2,858,146
Number Of Employees	37	30	18	18	21	19	15	11	10	9	9	9	9	7	117
EBITDA*	4,275,703	5,979,226	1,616,860	1,829,688	1,670,021	1,811,548	2,238,281	5,038,739	4,096,030	2,785,147	3,488,369	1,517,827	804,493	1,435,780	2,261,722

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Tangible Assets	154,147	192,379	114,337	154,414	72,426	72,521	123,003	52,657	78,299	93,074	87,105	78,599	99,269	81,086	67,466
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	39,036	39,036	39,036	35,613	35,613	3,300	35,613
Total Fixed Assets	154,147	192,379	114,337	154,414	72,426	72,521	123,003	52,657	117,335	132,110	126,141	114,212	134,882	84,386	103,079
Stock & work in progress	4,171,385	3,552,887	2,163,824	4,565,669	4,502,356	4,632,541	3,648,751	10,473,581	15,699,103	5,626,574	3,907,330	3,318,284	2,141,280	423,216	334,055
Trade Debtors	634,618	2,049	6,655	2,183,850	1,314,395	2,121,403	903,679	153,848	1,067,126	3,562,134	4,222,741	938,678	973,423	892,162	2,018,642
Group Debtors	25,110,443	23,635,335	14,291,183	14,765,970	9,681,466	8,671,426	6,856,099	4,077,496	670,128	841,913	0	0	230,517	692,023	0
Misc Debtors	1,132,068	392,900	310,871	1,581,928	2,802,466	1,745,300	4,084,392	473,687	895,802	556,875	265,667	700,063	1,235,344	1,291,476	3,375
Cash	3,439,476	2,228,158	8,749,801	1,457,532	5,611,496	5,997,706	6,155,969	9,125,780	7,632,756	6,355,953	10,556,618	10,966,249	3,777,900	4,208,403	1,142,604
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	34,487,990	29,811,329	25,522,334	24,554,949	23,912,179	23,168,376	21,648,890	24,304,392	25,964,915	16,943,449	18,952,356	15,923,274	8,358,464	7,507,280	3,498,676
total assets	34,642,137	30,003,708	25,636,671	24,709,363	23,984,605	23,240,897	21,771,893	24,357,049	26,082,250	17,075,559	19,078,497	16,037,486	8,493,346	7,591,666	3,601,755
Bank overdraft	0	0	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	0	0
Trade Creditors	1,179,298	824,357	1,328,837	2,102,091	2,131,789	4,613,455	4,802,229	4,935,953	6,270,919	4,728,809	4,988,045	1,324,597	1,571,322	4,327,848	1,973,580
Group/Directors Accounts	1,666,751	602,721	1,181,376	532,081	1,153,089	0	153,330	4,053,079	8,188,026	1,458,879	3,452,879	9,745,138	2,244,541	145,005	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	2,424,148	2,341,669	1,598,614	1,600,317	1,703,813	902,352	457,594	764,170	998,974	1,769,423	3,672,942	659,761	1,484,933	484,966	0
total current liabilities	5,270,197	3,768,747	4,108,827	4,234,489	4,988,691	5,515,807	5,413,153	9,753,202	15,457,919	7,957,111	12,113,866	11,729,496	5,300,796	4,957,819	1,973,580
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	16,720	31,556	31,556	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413
total long term liabilities	16,720	31,556	31,556	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413	16,413
total liabilities	5,286,917	3,800,303	4,140,383	4,250,902	5,005,104	5,532,220	5,429,566	9,769,615	15,474,332	7,973,524	12,130,279	11,745,909	5,317,209	4,974,232	1,989,993
net assets	29,355,220	26,203,405	21,496,288	20,458,461	18,979,501	17,708,677	16,342,327	14,587,434	10,607,918	9,102,035	6,948,218	4,291,577	3,176,137	2,617,434	1,611,762
total shareholders funds	29,355,220	26,203,405	21,496,288	20,458,461	18,979,501	17,708,677	16,342,327	14,587,434	10,607,918	9,102,035	6,948,218	4,291,577	3,176,137	2,617,434	1,611,762

	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Jun 2014	Jun 2013	Jun 2012	Jun 2011	Jun 2010
Operating Activities
Operating Profit	4,185,772	5,893,353	1,548,910	1,767,092	1,611,999	1,753,381	2,177,758	5,005,809	4,057,512	2,763,001	3,446,345	1,476,989	765,549	1,402,290	2,235,700
Depreciation	89,931	85,873	67,950	62,596	58,022	58,167	60,523	32,930	38,518	22,146	42,024	40,838	38,944	33,490	26,022
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	-1,006,632	-1,178,284	-376,148	-288,846	-340,000	-383,485	-425,478	-1,034,545	-810,831	-612,294	-793,950	-361,733	-212,031	-399,584	-626,796
Stock	618,498	1,389,063	-2,401,845	63,313	-130,185	983,790	-6,824,830	-5,225,522	10,072,529	2,308,290	589,046	1,177,004	1,718,064	89,161	334,055
Debtors	2,846,845	9,421,575	-3,923,039	4,733,421	1,260,198	693,959	7,139,139	2,032,939	-2,327,866	3,325,604	2,853,090	-800,543	-404,064	821,331	2,057,630
Creditors	354,941	-504,480	-773,254	-29,698	-2,481,666	-188,774	-133,724	-1,334,966	1,542,110	3,404,212	3,663,448	-246,725	-2,756,526	2,354,268	1,973,580
Accruals and Deferred Income	82,479	743,055	-1,703	-103,496	801,461	444,758	-306,576	-234,804	-770,449	1,109,662	3,013,181	-825,172	999,967	484,966	0
Deferred Taxes & Provisions	-14,836	0	15,143	0	0	0	0	0	0	0	0	0	0	0	16,413
Cash flow from operations	226,312	-5,771,121	6,805,782	-3,389,086	-1,480,197	6,298	1,058,194	5,627,007	-3,687,803	1,052,833	5,928,912	-292,264	-2,478,097	2,964,938	1,233,234
Investing Activities
capital expenditure	-51,699	-163,915	-27,873	-144,584	-57,927	-7,685	-130,869	-7,288	-23,743	-36,621	-50,530	-20,168	-57,127	-47,110	-93,488
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-51,699	-163,915	-27,873	-144,584	-57,927	-7,685	-130,869	-7,288	-23,743	-36,621	-50,530	-20,168	-57,127	-47,110	-93,488
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	1,064,030	-578,655	649,295	-621,008	1,153,089	-153,330	-3,899,749	-4,134,947	6,729,147	-8,286,259	-6,292,259	7,500,597	2,099,536	145,005	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	-100,000	0	0	0	0	0	0	2,656,641	0	0	0	0	1
interest	-27,325	-7,952	-34,935	714	-1,175	-3,546	2,613	8,252	-1,470	3,110	4,246	184	5,185	2,966	2,857
cash flow from financing	1,036,705	-586,607	514,360	-620,294	1,151,914	-156,876	-3,897,136	-4,126,695	6,727,677	-5,626,508	-6,288,013	7,500,781	2,104,721	147,971	2,858
cash and cash equivalents
cash	1,211,318	-6,521,643	7,292,269	-4,153,964	-386,210	-158,263	-2,969,811	1,493,024	1,276,803	-4,610,296	-409,631	7,188,349	-430,503	3,065,799	1,142,604
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	1,211,318	-6,521,643	7,292,269	-4,153,964	-386,210	-158,263	-2,969,811	1,493,024	1,276,803	-4,610,296	-409,631	7,188,349	-430,503	3,065,799	1,142,604

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 rm auctions limited by selecting its closest rivals, whether from the WHOLESALE AND RETAIL TRADE; REPAIR OF MOTOR VEHICLES AND MOTORCYCLES sector, other mid companies, companies in W1G area or any other competitors across 12 key performance metrics.

RM AUCTIONS LIMITED group structure

Rm Auctions Limited has no subsidiary companies.

Ultimate parent company

RMJ FAMILY HOLDINGS INC

#0059673

RM EUROPEAN HOLDINGS LIMITED

05812654

2 parents

RM AUCTIONS LIMITED

05812660

RM AUCTIONS LIMITED Shareholders

rm european holdings ltd

100%

Rm Auctions Limited currently has 6 directors. The longest serving directors include Mr Robert Myers (Mar 2007) and Mr Shelby Myers (Apr 2015).

officer	country	age	start	end	role
Mr Robert Myers	Canada	68 years	Mar 2007	-	Director
Mr Shelby Myers	United States	41 years	Apr 2015	-	Director
Mr John Sulman	Canada	41 years	Apr 2023	-	Director
Mr Bryon Madsen	United Kingdom	60 years	Apr 2023	-	Director
Mr Ronald Todgham	Canada	55 years	Jul 2023	-	Director
Mr Gregory Anderson	England	46 years	Mar 2024	-	Director

P&L

December 2023

turnover

13.5m

-14%

operating profit

4.2m

-29%

gross margin

74.2%

+9.62%

turnover

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

Balance Sheet

December 2023

net assets

29.4m

+0.12%

total assets

34.6m

+0.15%

cash

3.4m

+0.54%

net assets

Total assets minus all liabilities

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company number

05812660

Type

Private limited with Share Capital

industry

45112 - Sale of used cars and light motor vehicles

incorporation date

May 2006

ultimate parent company

RMJ FAMILY HOLDINGS INC

previous names

N/A

address

40, queen anne street, london, W1G 9EL

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.

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rm auctions limited Company Information

rm auctions limited Estimated Valuation

rm auctions limited Estimated Valuation

rm auctions limited Estimated Valuation

Rm Auctions Limited Overview

Rm Auctions Limited Health Check

RM AUCTIONS LIMITED financials

rm auctions limited Credit Report and Business Information

Rm Auctions Limited Competitor Analysis

rm auctions limited Ownership

rm auctions limited directors

rm auctions limited company details

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