Miles Better Vehicle Solutions Limited

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miles better vehicle solutions limited Company Information

Live

EstablishedSmallHigh

Company Number

05950673

Next Accounts

Jun 2025

Industry

Maintenance and repair of motor vehicles

Directors

Shaun Miles

Jamie Miles

Shareholders

jamie miles

shaun miles

View All

Group Structure

View All

Contact

Registered Address

unit 1 the old works, forsyth road, woking, surrey, GU21 5SB

Website

www.milesbvs.co.uk

miles better vehicle solutions limited Estimated Valuation

£635.7k

Pomanda estimates the enterprise value of MILES BETTER VEHICLE SOLUTIONS LIMITED at £635.7k based on a Turnover of £2.1m and 0.31x industry multiple (adjusted for size and gross margin).

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Miles Better Vehicle Solutions Limited is a live company located in woking, GU21 5SB with a Companies House number of 05950673. It operates in the maintenance and repair of motor vehicles sector, SIC Code 45200. Founded in September 2006, it's largest shareholder is jamie miles with a 25% stake. Miles Better Vehicle Solutions Limited is a established, small sized company, Pomanda has estimated its turnover at £2.1m with high growth in recent years.

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Pomanda's financial health check has awarded Miles Better Vehicle Solutions 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 Rating4out of 5

6 Strong

2 Regular

4 Weak

Size

annual sales of £2.1m, make it larger than the average company (£455.3k)

Growth

3 year (CAGR) sales growth of 23%, show it is growing at a faster rate (7.5%)

EXPORT

Miles Better Vehicle Solutions Limited's latest turnover from September 2023 is estimated at £2.1 million and the company has net assets of £75.7 thousand. According to their latest financial statements, Miles Better Vehicle Solutions Limited has 18 employees and maintains cash reserves of £527 as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Turnover	2,082,581	1,252,464	1,154,539	1,117,323	1,088,261	1,138,755	956,343	874,431	868,690	1,107,972	1,100,092	830,315	619,489	801,688	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	1,339,072	819,294	757,317	703,983	687,786	697,025	565,815	519,319	521,758	653,882	648,886	487,314	355,520	457,943	0
Gross Profit	743,510	433,170	397,221	413,340	400,474	441,731	390,529	355,112	346,932	454,089	451,206	343,001	263,969	343,745	0
Admin Expenses	683,543	399,669	378,801	420,448	452,091	398,919	354,186	355,316	367,157	426,643	429,023	363,023	264,642	348,908	-28,292
Operating Profit	59,967	33,501	18,420	-7,108	-51,617	42,812	36,343	-204	-20,225	27,446	22,183	-20,022	-673	-5,163	28,292
Interest Payable	6,363	5,512	4,228	3,379	2,324	844	513	513	0	0	975	2,925	4,320	2,370	0
Interest Receivable	74	79	4	2	93	123	12	10	20	5	4	66	68	4	2
Pre-Tax Profit	53,679	28,068	14,196	-10,484	-53,847	42,091	35,842	-707	-20,205	27,451	21,212	-22,881	-4,926	-7,529	28,294
Tax	-13,420	-5,333	-2,697	0	0	-7,997	-6,810	0	0	-5,765	-4,879	0	0	0	-7,922
Profit After Tax	40,259	22,735	11,499	-10,484	-53,847	34,094	29,032	-707	-20,205	21,686	16,333	-22,881	-4,926	-7,529	20,372
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	40,259	22,735	11,499	-10,484	-53,847	34,094	29,032	-707	-20,205	21,686	16,333	-22,881	-4,926	-7,529	20,372
Employee Costs	494,817	413,540	406,945	492,739	535,884	455,476	405,688	266,158	212,832	293,635	315,787	222,145	167,430	235,692	0
Number Of Employees	18	16	16	19	19	16	15	10	8	11	12	9	7	10	0
EBITDA*	81,239	53,665	40,675	14,482	-27,413	72,224	57,940	17,448	-1,846	48,584	32,754	-8,789	14,700	5,574	38,353

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Tangible Assets	30,679	41,635	41,005	40,495	46,857	62,475	49,389	31,811	35,561	44,084	5,956	7,941	10,588	9,712	12,949
Intangible Assets	26,845	35,431	44,017	52,603	61,189	69,775	78,361	86,947	95,533	104,119	112,705	121,291	129,877	141,721	127,500
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	42,595	42,595	42,595	42,595	42,595	42,595	42,595	42,595	42,595	0	0	0	0	0	0
Total Fixed Assets	100,119	119,661	127,617	135,693	150,641	174,845	170,345	161,353	173,689	148,203	118,661	129,232	140,465	151,433	140,449
Stock & work in progress	15,292	44,802	39,961	6,910	17,742	8,497	12,248	7,691	12,491	13,487	9,205	11,526	26,310	43,816	20,019
Trade Debtors	374,001	206,775	153,821	123,923	110,880	161,395	105,084	109,705	64,646	105,445	95,583	58,960	51,522	68,390	123,152
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	53,515	56,895	58,600	79,755	60,088	58,751	34,756	21,474	0	0	0	7,919	1,170	1,184	0
Cash	527	2,300	4,696	3,305	1,333	23,562	9,135	374	7,495	605	1,443	192	26,205	803	832
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	443,335	310,772	257,078	213,893	190,043	252,205	161,223	139,244	84,632	119,537	106,231	78,597	105,207	114,193	144,003
total assets	543,454	430,433	384,695	349,586	340,684	427,050	331,568	300,597	258,321	267,740	224,892	207,829	245,672	265,626	284,452
Bank overdraft	33,787	22,263	24,414	16,927	25,097	0	0	16,401	0	0	0	0	0	12,929	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	207,376	147,029	130,148	134,310	128,117	137,703	116,892	96,906	233,390	212,137	193,323	192,593	78,564	70,286	201,753
Group/Directors Accounts	1,811	2,984	0	0	5,065	5,424	0	35,240	0	0	0	0	0	0	0
other short term finances	0	0	0	0	18,750	25,000	0	0	0	0	0	0	0	0	0
hp & lease commitments	1,749	3,527	1,106	2,766	4,754	12,659	15,925	13,021	0	0	0	0	0	0	0
other current liabilities	197,973	171,589	161,322	136,751	138,377	144,487	141,372	121,243	0	0	0	0	98,991	109,566	0
total current liabilities	442,696	347,392	316,990	290,754	320,160	325,273	274,189	282,811	233,390	212,137	193,323	192,593	177,555	192,781	201,753
loans	17,407	39,658	47,277	50,000	0	0	0	0	0	0	0	30,000	60,000	60,000	0
hp & lease commitments	0	0	0	0	0	24,623	17,983	15,443	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	21,881	32,348	30,000	0	0	0	62,325
provisions	7,670	7,911	7,791	7,694	8,902	11,685	8,021	0	0	0	0	0	0	0	0
total long term liabilities	25,077	47,569	55,068	57,694	8,902	36,308	26,004	15,443	21,881	32,348	30,000	30,000	60,000	60,000	62,325
total liabilities	467,773	394,961	372,058	348,448	329,062	361,581	300,193	298,254	255,271	244,485	223,323	222,593	237,555	252,781	264,078
net assets	75,681	35,472	12,637	1,138	11,622	65,469	31,375	2,343	3,050	23,255	1,569	-14,764	8,117	12,845	20,374
total shareholders funds	75,681	35,472	12,637	1,138	11,622	65,469	31,375	2,343	3,050	23,255	1,569	-14,764	8,117	12,845	20,374

	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009
Operating Activities
Operating Profit	59,967	33,501	18,420	-7,108	-51,617	42,812	36,343	-204	-20,225	27,446	22,183	-20,022	-673	-5,163	28,292
Depreciation	12,686	11,578	13,669	13,004	15,618	20,826	13,011	9,066	9,793	12,552	1,985	2,647	3,529	3,237	2,561
Amortisation	8,586	8,586	8,586	8,586	8,586	8,586	8,586	8,586	8,586	8,586	8,586	8,586	11,844	7,500	7,500
Tax	-13,420	-5,333	-2,697	0	0	-7,997	-6,810	0	0	-5,765	-4,879	0	0	0	-7,922
Stock	-29,510	4,841	33,051	-10,832	9,245	-3,751	4,557	-4,800	-996	4,282	-2,321	-14,784	-17,506	23,797	20,019
Debtors	163,846	51,249	8,743	32,710	-49,178	80,306	8,661	66,533	1,796	9,862	28,704	14,187	-16,882	-53,578	123,152
Creditors	60,347	16,881	-4,162	6,193	-9,586	20,811	19,986	-136,484	21,253	18,814	730	114,029	8,278	-131,467	201,753
Accruals and Deferred Income	26,384	10,267	24,571	-1,626	-6,110	3,115	20,129	121,243	0	0	0	-98,991	-10,575	109,566	0
Deferred Taxes & Provisions	-241	120	97	-1,208	-2,783	3,664	8,021	0	0	0	0	0	0	0	0
Cash flow from operations	19,973	19,510	16,690	-4,037	-5,959	15,262	86,048	-59,526	18,607	47,489	2,222	6,846	46,791	13,454	89,013
Investing Activities
capital expenditure	-1,730	-12,208	-14,179	-6,642	0	-33,912	-30,589	-5,316	-1,270	-50,680	0	0	-4,405	-21,721	-150,510
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,730	-12,208	-14,179	-6,642	0	-33,912	-30,589	-5,316	-1,270	-50,680	0	0	-4,405	-21,721	-150,510
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-1,173	2,984	0	-5,065	-359	5,424	-35,240	35,240	0	0	0	0	0	0	0
Other Short Term Loans	0	0	0	-18,750	-6,250	25,000	0	0	0	0	0	0	0	0	0
Long term loans	-22,251	-7,619	-2,723	50,000	0	0	0	0	0	0	-30,000	-30,000	0	60,000	0
Hire Purchase and Lease Commitments	-1,778	2,421	-1,660	-1,988	-32,528	3,374	5,444	28,464	0	0	0	0	0	0	0
other long term liabilities	0	0	0	0	0	0	0	-21,881	-10,467	2,348	30,000	0	0	-62,325	62,325
share issue	-50	100	0	0	0	0	0	0	0	0	0	0	198	0	2
interest	-6,289	-5,433	-4,224	-3,377	-2,231	-721	-501	-503	20	5	-971	-2,859	-4,252	-2,366	2
cash flow from financing	-31,541	-7,547	-8,607	20,820	-41,368	33,077	-30,297	41,320	-10,447	2,353	-971	-32,859	-4,054	-4,691	62,329
cash and cash equivalents
cash	-1,773	-2,396	1,391	1,972	-22,229	14,427	8,761	-7,121	6,890	-838	1,251	-26,013	25,402	-29	832
overdraft	11,524	-2,151	7,487	-8,170	25,097	0	-16,401	16,401	0	0	0	0	-12,929	12,929	0
change in cash	-13,297	-245	-6,096	10,142	-47,326	14,427	25,162	-23,522	6,890	-838	1,251	-26,013	38,331	-12,958	832

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 miles better vehicle solutions 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 GU21 area or any other competitors across 12 key performance metrics.

MILES BETTER VEHICLE SOLUTIONS LIMITED group structure

Miles Better Vehicle Solutions Limited has no subsidiary companies.

Ultimate parent company

MILES BETTER VEHICLE SOLUTIONS LIMITED

05950673

MILES BETTER VEHICLE SOLUTIONS LIMITED Shareholders

jamie miles	25%
shaun miles	25%
lorraine miles	16.67%
clare miles	16.67%
andrea lilley	8.33%
nasim hameed	8.33%

Miles Better Vehicle Solutions Limited currently has 2 directors. The longest serving directors include Mr Shaun Miles (Jun 2011) and Mr Jamie Miles (Jun 2011).

officer	country	age	start	end	role
Mr Shaun Miles	England	52 years	Jun 2011	-	Director
Mr Jamie Miles		50 years	Jun 2011	-	Director

P&L

September 2023

turnover

2.1m

+66%

operating profit

60k

gross margin

35.8%

+3.23%

turnover

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

Balance Sheet

September 2023

net assets

75.7k

+1.13%

total assets

543.5k

+0.26%

cash

527

-0.77%

net assets

Total assets minus all liabilities

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company number

05950673

Type

Private limited with Share Capital

industry

45200 - Maintenance and repair of motor vehicles

incorporation date

September 2006

ultimate parent company

None

previous names

miles accident repairs limited (July 2018)

address

unit 1 the old works, forsyth road, woking, surrey, GU21 5SB

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 3 charges/mortgages relating to miles better vehicle solutions limited. Currently there are 0 open charges and 3 have been satisfied in the past.

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miles better vehicle solutions limited Company Information

miles better vehicle solutions limited Estimated Valuation

miles better vehicle solutions limited Estimated Valuation

miles better vehicle solutions limited Estimated Valuation

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MILES BETTER VEHICLE SOLUTIONS LIMITED financials

miles better vehicle solutions limited Credit Report and Business Information

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